Expiry move prediction for 1st July 2021.... Details in chart
Quick 2 week vertical play: * Bullish triangle * Buy volume * 14 month bullish trend Max profit: $156 Probability of Profit: 75% Profit Target relative to my Buying Power: 18% Max loss with my risk management: ~$250 Req. Buy Power: $844 (max loss without management before expiry, no way to let this happen!) Tasty IVR: 5.4 Expiry: 15 days Buy 2 SMH...
My view on how NSE:NIFTY and NSE:BANKNIFTY have performed so far and important levels + open interest analysis + earnings release for tomorrow.
TRADE BASED ON 1. PRICE ACTION 2. TREND LINE 3. RSI.4. 4. FIBO STRATEGY . look for sustainable 25000 level and find buying appointment
NIfty and Bank nifty Expiry 18-06-20.
bank nifty saw a drastic fall today from of more than 700 points from top. It bounced back from the level 19500 which is around 200sma . it has bounced back from that level many times and according to our algorithm it is expected to expire around 20k
Trend continued to be negative as 20 day EMA stays below 50 day EMA. Recently found a reversal below 38% retracement level. Expect it would expire below 3700 level in Apr series. Sell 3700 Call.
Moving average crossover signals bullishness. Expect this series expiry would above 290.
EMA and recent gap down confirms trend turn to bearish note. Expect Oct expiry would below 640.
Recent fall following bearish engulfing in weekly and close below bollinger lower band would keep the sentiment in negative bias for Oct. Expect the expiry would stay below Rs.1400.
Bea rush engulfing in weekly chart would keep the sentiment in bearish bias for this week. Expect Sep contract to expire below 680.