Long Naked Put of Strike 1620
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The opening will be Positive but the highs won't be sustained it will either become range-bound or show a bearish move
RSI is also in Overbought zone
Daily Time frame shows Pivot Resistance
Strangle will be by Selling 12400 CE and Selling 12300 PE
The premium for 12400 CE = 11.35
Delta of 12400 CE = -0.24
The premium for 12300 PE = 15.1
Delta of 12300 PE = 0.30
Net Credit = 26.45
Overall Delta = 0.06
Net premium received = 1983.75
A Hanging Man candlestick pattern can be spotted on Chart which would have been a Doji if the price difference between...
MACD, PSAR are other indicators are showing signs of Upmove as little recovery from its Low of 11974.35 is seen but the immediate Resistance is at 12000 levels and 11977 is 50 EMA level so it will act as strong support and the risk involved is high in this trade so I won't suggest this trade if you cannot have good stop loss.
Apply Long Straddle in VEDL as high delivery is seen in NSE Reports as traders are expecting a dividend declaration of 10% but Charts are showing a Downmove
Option Chain Data suggest Strong Resistance at 150 level and Support is at 140 level but on 1-minute charts, closing has taken place with a Hammer Candlestick which has also Penetrated psychological Resistance...
Go long on Nifty as the sentiment of Bullish have changed and they are now trying to take control of the market as three consistent Green Candles with Gap Ups have been spotted, MACD is also about to give a Crossover as the MACD line is forming a Curve towards the upside.
Option Chain Data suggests Very Heavy Call, as well as Put writing at 12100 levels which may...
Short PNB as the triangle is breached, Bollinger Band was contracting but now has expanded and will do so further because of the triangle's piercing
MACD showed a crossover 2 days before, Dark Cloud Cover candlestick formation with a Bearish Engulfing Candle shows high Bearish Sentiment.
EMA 20 is about to cross EMA 10 and give a Bearish crossover, the difference...
Short CUMMINSIND as it has formed an Engulfing Candlestick Pattern which has Engulfed previous 2 Candles
The Candle is also similar to Bearish Marubozu which show high confidence of Bears
Pivot Point's Support 1 is also penetrated
The Trend line is about to get broken and we may see a good penetration of that trend line as Bollinger Band is expanding
RSI is at...
Short Tata Power as MACD has given a signal using the crossover
A long Bearish Marubozu was formed which has Engulfed previous 3 to 4 candles which shows high Bearish Momentum
RSI is at 34 level which shows there can still be 4 BPS fall so that Tata Power become oversold, we will capture that fall
There is a Possible Breakdown in TATA POWER as Shorts are Added at...
SHORT RECLTD, this trade has a very high probability as its showing signs of a perfect bearish trend
Weekly charts are showing Downmove
MACD has already crossed and momentum is high.
A possible breakdown is expected as it's below its 20 SMA
RSI is near 35 region which shows a correction may take place placing it in Oversold Zone
The immediate Bearish Candle has...
Go Short on NSE:IBULHSGFIN as MACD is forming a Curve and is about to give a crossover
Also, Weekly Charts are showing a higher possibility of a breakdown
And Parabolic SAR has also turned Bearish
RSI has fallen from overbought region to 50 zones which shows that it still can go till oversold zone
Few Days before a Bearish Candle's Body Engulfed its prior...
L & T FIN is about to show a correction if its immediate pivot level of 112.54 is not sustained will I believe won't be sustained
The MACD is also moving downwards and forming a curve which shows a crossover may happen soon
A day before the Bearish Engulfing pattern was formed which shows Bears are highly confident
RSI is also in Overbought region
Mahindra & Mahindra is showing signs of a moderate Bearish move which can be of 5 - 10 BPS
OC data suggest indecision in the sentiment
Marubozu candle was formed which shows Bears are trying to pull market downward
RSI is almost in Oversold region
There is also a slight possibility that the next candle would be Doji or a Spinning Top
A strict SL is required if...
Sun Pharma may show further downside as Bears have successfully fooled Bulls and may pull it downward
The triangle is about to get penetrated and I think it will be penetrated through a down move
Although the closing is near to its Fib Support level of 428.25 Bears may drag it downwards
As it's very close to its Fib Support level it's very much important to...
Short Bank of Baroda as a Bearish Belt Hold Pattern has been formed which signals a downtrend
MACD is also showing a correction
RSI is well above 30 zones meaning that its still not Oversold and we may see a Pull-Back Soon
103 is an important Fib Resistance level and there is heavy Call Writing in OC at 100,105,110 levels so they will act as very strong...
Balkrishna Industries is in Overbought zone and RSI is also showing bearish Divergence
MACD's signal line is also forming a bearish curve and may show a crossover soon
Bollinger Band is also expanding which shows the sentiment of Bears is very high and they are very confident for a Bearish Move
A Bearish Engulfing pattern has been formed which shows Bears are...
Marico has been falling from quite a few days and now the Sentiment of Bears are very high, as RSI is still not in the oversold region I think there is still room for a small correction, as Bollinger Bands are also contracting this show the correction won't be huge but still I am Semi Moderate Bearish on Marico because the way Bears have reacted from past two days...
In Coal India, we may possibly see a strong downfall from this level so if the triangle is broken down then increase the lot of your short position.
Trail the Stop Loss to 192 so as to protect our profits
Happy Trading .....