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pradipandsuvra

In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear. The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum. Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms). Trade Plan: Expecting price will bounce back from CMP upto 560. Then...

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Levels: Support: 6500, 6350, 6250, 6050 Resistance: 6650, 6780 OI Data (15th Dec Expiry): Nearest Major Resistance in Crude per OI data: 6600 (2.3K), 6700 (2.5K) Nearest Major Support in Crude per IO data: 6500 (2.4K), 6400 (2K) Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and...

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Levels: Support: 18600 (Very Important, otherwise lower bottom in hourly), 18525, 18440, 18360 Resistance: 18890 (Very important, breaking it means higher high is ready), 18925, 19000, 19050 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18696.1 ATM: 18700 , ITM: 18650, 18600, 18550 , OTM: 18750,...

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Levels: Support: 43000, 42700, 43550, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43103.75 ATM: 43100 , ITM: 43000, 42900, 42800 , OTM: 43200, 43300, 43400 ---------------------------------------------------------------------| Highest OI Call in Bank...

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The NSE:MFSL is showing the previous High High (point #3 in chart) or Higher Low (point #4 in the chart) as the range bounded movement. Potentially the move can happen in any direction. But quite likely it will be in upside only as the volume buildup is positive and increasing. Trade : Both sides ( green color price tags for Long, red color price tags for...

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NSE:JUBLFOOD , in hourly chart showing a clear downtrend after breaking one lower lows. Then after making a nice up move upto point 4 in the chart, it unables to break the double-bottoms (1 and 3) W patten. At that time the volume candle was high. So it actually reinforces the downtrend. Lets wait for it to break down the price corresponds to point #3 in the...

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NSE:COFORGE is showing two HH beakout and already Wave-5 sets in in 15m chart. The cool part is: price is just crossing a nice consolidation rectangle with the ever increasing volume build up. Also see how the uptrend line is beautifully panning out (green line). The immediate support line is at 4200 (green dotted line). Trade: Buy little dip around 4230, SL:...

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Supports: 6500 (Very Important - Fib 61.8%), 6325-6350, 6200, 6075 Resistance: 6650-6680 (Very Important - Fib 78%), 6775-6800 OI Data: Call OI Changes: 6600(2.2K), 6700(2.5K), 6800 (2K), 7000(5.6K) PUT OI Changes: 6500 (3.2K), 6400 (2.6K), 6200 (2K) So from OI perspective, this Option Strategy shall work for 15th Dec Expiry: Strategy: Iron Condor (range...

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Reason: A 15 days range breakout in 30m chart with very high volume spike. Trade: BUY at 640. SL: 625 T: 655/670.

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NSE:KSL is showing bullishness with momemtum because of: Cup and Handle Breakout Ready Very High Volume RSI is just entering the overbought region Overall Steel sector is bullish Trade: Buy above 354, SL: 344, T: 364/370 Sell below 324, SL: 330, T: 315/309.

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NSE:JINDALSTEL is in Bullish breakout ready. Overall Steel Shares are showing momemtum. Reasons: Rectangle breakout and sustaining the breakout. Consecutive two days of high volume. RSI based momentum is above 75 and constantly rising. Trade: Buy above 568, SL: 560, T: 572/580 Sell below 540, SL: 550, T: 534/525.

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NSE:AMBUJACEM is showing: A Cup and Handle formation with a good volume ready to be breakout RSI is pretty well placed to just enter an overbought region. Good momemtum. Trade: Buy above 582, SL: 575, T: 585/589 Sell below 580, SL: 585, T: 575/571.

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Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43260.65 ATM: 43300 , ITM: 43200, 43100, 43000 , OTM: 43400, 43500, 43600 ---------------------------------------------------------------------| Highest OI Call in Bank...

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Levels: Support: 18775, 18725, 18675, 18600 Resistance: 18880, 18960, 19000 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18812.5 ATM: 18800 , ITM: 18750, 18700, 18650 , OTM: 18850, 18900, 18950 ---------------------------------------------------------------------| Highest OI Call in Nifty per OI...

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Supports: 6500, 6325 Resistance: 6680, 6750 15th Dec Expiry OI Data Point: Major Call writing are in: 6800 : 2K 7000: 6.5K 7100: 2K Major Put writings are in: 6600: 1680 6500: 3400

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Levels: Support: 43000, 42775, 42500, 42350 Resistance: 43350, 43630, 44000 OI Data: ---------------------------------------------------------------------| Bank Nifty => Price: 43231 ATM: 43200 , ITM: 43100, 43000, 42900 , OTM: 43300, 43400, 43500 ---------------------------------------------------------------------| Highest OI Call in Bank Nifty...

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When things are in ATH, it's hard to give correct resistance levels. Levels: Support: 18670, 18600, 18530 Resistance: 18800, 18870, 19000 OI Data: ---------------------------------------------------------------------| Nifty => Price: 18758.35 ATM: 18750 , ITM: 18700, 18650, 18600 , OTM: 18800, 18850, 18900 ...

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NSE:TI is showing bullish price actions: Technical Reasons: A double bottom W patten is created Tried to see if it's a Harmonic XABCD patten, not fully complying with this Volume is going up, Current trend is uptrend Strong Momentum: Price above short-, medium- and long-term moving averages Fundamental Reasons: 1. FII / FPI or Institutions...