Indianmarket
Greate opportunity in Tata steels.So here is the 1 day chart of Tata Steel ,as you all can see it creates a head and shoulders pattern and give a breakdown, now it is coming back for retest.
So in this case we have two opportunities
1- if it breakout the neckline and crosses it the next target would be 1470 which is its previous shoulder and if it even breakout shoulder the next Target is 1530 which is head.
2- the second possibility is that if it can't cross the neckline and reverse back than this is the sign of selling pressure and for this scenario we have target of 1250.
From my observation there are higher chances of downtrend,but we have to aware of both opportunities
🙏🏿
Thanks and regards
Ankit Mathela
Keep trading 🔥
BANKNIFTY levels, RBI likely to Announce Repo Rate tomorrowWelcome to BANKNIFTY Futures and options
and optionchain data analysis for friday...
🛑 RBI will likely to announce Repo and interest Repo rates tomorrow morning at 10AM, due this major event volatility will likely toincreases,
◽ Right now every traders eye is on RBI
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37300,
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 38050-38100 ( if see the option chain data on call 38000 CE strike holding more number for short position which will act as strong resistance area to bank Nifty )
◽ If market breakout resistance then we can see Target of 38300
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37950
◽If gap down or slight gap up happens then 37900 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37550-37460
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 37300
◽STOP loss will be 37550
🛑 levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie . 38050-38100
◽ Don't short the market until below the 37500
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
If you like it do follow for more
have a nice day 😊
NIFTY levels n RBI will announce Repo rates by Tomorrow morning Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
🛑 RBI will likely to announce Repo and interest Repo rates due this volatility will likely increases, every traders eye is on RBI
◽Every trader eye is on RBI
◽ Weekly pivot point 17650
◽ Monthly pivot point 17450 ( Explained briefly Below I hope that you will like it do follow for more )
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker , and fresh position buy only above 18000 until then stay light with quantity
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17900-17950
◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)
◽ Stop loss for this level is 17850
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17715-17670
◽ If breakdown happens we can see the 1st Target of 17570-17550
◽ stop loss ie .17770
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive
If you like it do follow for more
have a nice day 😊
BOSCH trading idea's ❗Bosch forming bullish Marubuzo candle stick pattern
◽ It indicating that there is so much buying interest in the stock that the market participants were willing to buy the stock at every point during the day ,
◽So much so, that the stock closed near it's high point for the day
◽It indicating this bullish sentiment will continue over the next few trading session's
◽We can see that it breakout descending triangle like pattern with huge volume
BANKNIFTY Shorting strikes ❗❗🛑 Shorting strikes purely based on India vix volatility index
🛑 Caution before read this watchout mine previous post There's possible reversal trend may occur so Short CE only
🛑 India vix volatility index helps us to identify short strangle strike's
🛑India Vix closed at 17.33 which is rise by 5.70% , which tells us that Both CE and PE Premium is rising
🛑 ( Caution it doesn't include any sentiment ie . Global or economical or news and avoid Shorting when there's impacting news were came out )
◽Indian Vix volatility index works best in range bound market and helps option sellers
🛑You can also short only side either CALL or PUT and follow respective Stoploss points As per below (Personally suggestion Sell CALL)
🛑 Short Call
◽ short 37900/ 38000 CE (we can see in option chain data available in nse , there is lot of short positions were holding at 38000 Call side strike)
◽Exit from short Call position when market breakout 38000 resistance zone ( SL )
◽ Target will be 37100 book your profit at this level
🛑 Short PUT
◽Short 37100 PE
(these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis for Wednesday )
◽ maintain Stoploss for this position 37300 / exit from this position If breakdown this support zone
◽Target will be 38050 / book your profit at this level / exit from short PUT position
◽we can clearly observe that market maybe trade between this range
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more
◽have nice day 😊
BANKNIFTY levels for expirey day ❗❗Hii Traders 😊 ,
Welcome to BANKNIFTY Futures and options
and optionchain data analysis for friday
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37300,
◽ PUT side Open interest is decreasing possible reversal may occur caution ( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🛑 Taking support at 21 DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 38050-38100 ( if see the option chain data on call 38000 CE strike holding more number for short position which will act as strong resistance area to bank Nifty )
◽ If market breakout resistance then we can see Target of 38300
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37950
◽If gap down or slight gap up happens then 37900 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37400-37300 (in option chain data Put side strikes shorts position were exiting means OI is negative it means downside movement is possible in other words potential reversal is possible )
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 37100
◽STOP loss will be 37480
◽ Market will be indecisive between 37350-37900
🛑 levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie . 38050-38100
◽ Don't short the market until below the 37500
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level to BUY call only above 37050-38100
◽ support zone to buy PUT only below 37400-37300
◽ BankNifty will be weaker below the 37500
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37300
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
NIFTY levels for expirey day
Hii Traders 😊
Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
◽ Weekly pivot point 17650
◽ Monthly pivot point 17450 ( Explained briefly Below I hope that you will like it do follow for more )
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🛑 Taking support from 21 DMA
🛑Nifty forming bearish engulfing ( Red candle is longer than yesterday's green candel means sellers were more agressive and it saying that potential direction is towards downside )
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17850-17900
◽ If market breakout resistance zone then we can see Target of 18000 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance)
◽ Stop loss for this level is 17800
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17570-17600 (if we see option chain data (it is available in nse website ) at 17600 in put side here shorter's were exiting from Thier position which means they were panicking)
◽ If breakdown happens we can see the 1st Target of 17470
◽ stop loss ie .17670
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance zone buy CE only above 17850-17900
◽ support zone to buy PUT only below 17600-17570
◽ Nifty will be weaker on intraday basis below the 17650
◽ Weekly pivot point 17650
◽ Monthly pivot point 17450
Thanks for reading,
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
BANKNIFTY Shorting strikes using Vix ❗ 🛑 Shorting strikes purely based on India vix volatility index
🛑 Yesterday I given strikes and market closed in between those strikes , and made some good profits (you can checkout by visiting mine profile)
🛑 India vix volatility index helps us to identify short strangle strike's
🛑India Vix closed at 16.40 which is fall by 2.03% , which tells us that Both CE and PE strikes were declining
🛑 ( Caution it doesn't include any sentiment ie . Global or economical or news and avoid Shorting when there's impacting news were came out )
◽ Indian Vix volatility index works best in range bound market and helps option sellers
🛑 You can also short only side either CALL or PUT and follow respective Stoploss points As per below (Personally suggestion Sell CALL)
🛑 Short Call
◽ short 38000 CE (we can see in option chain data available in nse , there is lot of short positions were holding at 38000 Call side strike)
◽Exit from short Call position when market breakout 38050 resistance zone ( SL )
◽ Target will be 37200 book your profit at this level
🛑 Short PUT
◽Short 37400 PE
(these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis for Wednesday )
◽ maintain Stoploss for this position 37400 / exit from this position to restrict your loss
◽ Target will be 38200 / book your profit at this level / exit from short PUT position
◽ we can clearly observe that market maybe trade between this range
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence
◽have nice day 😊
BANKNIFTY levels for Wednesday ❗❗
Hii Traders 😊 ,
Welcome to BANKNIFTY Futures and options
and optionchain data analysis for friday
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37326 ,( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA
🛑 BANKNIFTY Forming Bullish candle on daily frame
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37950-38050 ( if see the option chain data on call 38000 CE strike holding more number for short position which will act as strong resistance area to bank Nifty )
◽ If market breakout resistance then we can see Target of 38300
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37850
◽If gap down or slight gap up happens then 37900 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37400-37350 (in option chain data at 35000 PE strike holding more shorts position now it maybe act as support zone)
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 37100
◽STOP loss will be 37500
◽ Market will be indecisive between 37350-37900
🛑levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie . 38050-38100
◽ Don't short the market until below the 37500
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37950-38050
◽ support zone to buy PUT / PE is at 37400-37350
◽ BankNifty will be weaker below the 37500
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
NIFTY levels for Wednesday ❗Hii Traders 😊
Welcome to NIFTY 50 Futures and options and option chain analysis for intraday trading ......................
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17900-17950
◽ If market breakout resistance zone then we can see Target of 18050 as first target (if we see the Option chain data more short position are at 18000CE means from option chain data it acting as strong resistance )
◽ Stop loss for this level is 17850
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17570-17600 (if we see option chain data (it is available in nse website ) at 17600 in put side having more short positions in other words more shorts position were holding at 17600 PE now it will act as strong support zone)
◽ If breakdown happens we can see the 1st Target of 17500
◽ stop loss ie .17660
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance 18000
◽ Don't short the market until below the 17660
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17900-17950
◽ support zone to buy PUT / PE is at 17570-17600
◽ Nifty will be weaker on intraday basis below the 17660
Thanks for reading,
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
Easemytrip Bullish pattern ❗🛑 easemytrip forming bullish pennant pattern
◽ Pattern represents that
After a strong upmove weak hands and short term Bulls were exiting from thier position
◽If green trend line breakout with huge volume then we can see it journey towards 700
◽ Fundamentaly strong stock
◽ good stock for long term vision
➡️ If it breakout 626 level then
◽ We can see target for short term 720
◽With SL 546
◽ R:R is 1:1.3
➡️ If it breakdown 573 level
◽We can see Target 480
◽With SL 656
◽ R:R is 1:1.2
If you like it , do share and follow for more
Have a nice day 😊
BANKNIFTY Shorting strikes using Vix ❗Hi traders 😊...................
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index helps us to identify short strangle strike's
🛑India Vix closed at 16.74 which is fall by 2.73% , which tell us that Both CE and PE strikes were declining
◽ Call premium were not increased as expected due to decrease in volatility
🛑 ( Caution it doesn't include any sentiment ie . Global or economical or news and avoid Shorting when there's impacting news were came out )
◽Indian Vix volatility index works best in range bound market and helps option sellers
🛑 You can also short only side either CALL or P
PUT and follow respective Stoploss points As per below (Personally suggestion Sell CALL)
🛑 Short Call
Now clearly we get strike from india vix volatility index to short ie .37900 / 38000 on CALL side (we can see in option chain data available in nse , there is lot of short positions were added at 38000 Call side strike)
◽Exit from short Call position when market breakout 38000 resistance zone
◽ Target will be 37000 book your profit at this level
🛑 Short PUT
◽ Another one in downside we get one strike ie . 37200 on PUT side
(these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽ maintain Stoploss for this ie.37200 / exit from this position to restrict your Stoploss
◽Target will be 38100 / book your profit at this level / exit from short PUT position
◽ we can clearly observe that market maybe trade between this range
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (38000)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37000
◽ If breakdown happens (at 37200 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 38100
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence
◽have nice day 😊
BANKNIFTY Levels for Tuesday ❓Hii Traders 😊 ,
Welcome to BANKNIFTY Futures and options analysis for friday
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37326 ,( intraday levels were explained below I hope that it will help a lot , do like ,share , follow for more ... )
🛑 if we see day frame chart of BANKNIFTY currnetly trading above 21Day , 50 Day , 100 Day moving averages
🛑 Taking support at 21Day MA and good thing is closed above the 21DMA
🎯 Key levels to watch out for day trader
🛑 Major resistance zone for BankNifty is at 37850-37900
◽ If market breakout resistance then we can see Target of 38150
◽ Whenever until breakout that resistance level don't trade
◽ Stop loss will be 37750
◽ If gap down or slight gap up happens then 37790-37820 will be resistance zone
🛑 Major support level for BankNifty
◽ Support level for nifty lies at 37200-37100 (which day pivot control region)
◽ Whenever until breakdown this level don't take a trade
◽ if Market successfully breakdown this level then we can take a trade
◽ And we can see the Target 1 will be 36900
◽STOP loss will be 37300
◽ Market will be indecisive between 37300-37900
🛑 levels for banknifty futures will be also same
◽Go long on banknifty Futures if it breakout the resistance ie. 37950-38050
◽ Don't short the market until below the 37300
Don't take a trade if market open above or below our levels bcz market don't like gaps let the market to consolidate first and then take a trade
🛑 TRADESHOTS
◽ Resistance level for CE buyers /option buyers is at 37850-37900
◽ support zone to buy PUT / PE is at 37200-37100
◽ BankNifty will be weaker below the 37500
◽ Banknifty weekly pivot is at 37500
◽And monthly pivot is at 37328
Thanks for reading 😊
I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
NIFTY 50 analysis for Tuesday ❗Hii Traders 😊 ,
Welcome to NIFTY 50 Futures and options analysis for intraday trading ......................
🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels This will be crucial for nifty to sustain above the level until then market will be weaker
🛑 Currently it is trading above 21Day ,50 Day, 100 Day moving averages
🎯 Key levels to watch out intraday levels for day trader
🛑 Major resistance zone for Nifty is at 17760-17790
◽ If market breakout resistance zone then we can see Target of 17880 as first target (if we see the Option chain data here 17800 CE holds more short position and next strike is 18000CE)
◽ Stop loss for this level is 17700
🛑 Major support level for Nifty 50
◽ Support level for nifty lies at 17530-17500
◽ If breakdown happens we can see the 1st Target of 17400
◽ stop loss ie .17580
🛑 levels for Nifty Futures will be as follows
◽ Go long on nifty Futures if it breakout our resistance
◽ Don't short the market until below the 17500
◽In between range is indecisive don't go long or short anything can happen
🛑 Tradeshots
◽ Resistance level for CE buyers /option buyers is at 17760-17790
◽ support zone to buy PUT / PE is at 17530-17500
◽ Nifty will be weaker on intraday basis below the 17500
Thanks for reading,
If you like it do follow for more and give reputation which will boost mine confidence to do more.
have a nice day 😊
BANKNIFTY Short ❗❗Hi traders 😊...................
🛑 Shorting strikes purely based on India vix volatility index
🛑 India vix volatility index short strangle strike's
🛑India Vix closed at 17.21 which is fall by 6.47% on friday which show's that Friday market is in range bound and
🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get
( Caution it doesn't include any sentiment ie . Global or economical or news)
◽ Indian Vix volatility index works best in range bound market and helps option sellers
◽ Now clearly we get strike from india vix volatility index to short ie .37600 on CALL side
◽ Another one in downside we get one strike ie . 36900 on PUT side ( these levels were exact support and resistance in option chain and also in chart analysis you can checkout mine market analysis fro Monday )
◽we can clearly observe that market maybe trade between this range so I will going to do this
Short strangle means selling OTM strikes of PE And CE
🛑 short CALL
➡️ Sell 37600 CE with stop loss of 37650 (simply exist from position CE after breakout of 37650 )
◽ Target will be 36800
🛑 Short PUT
➡️. Sell 36900 PE with the Stoploss of 36900 (or in other words : exist from PUT position if breakdown of 36900 which crucial support zone )
◽ Target will be 37800
➡️ If sold both strikes (or if you do short strangle)
Key important you must have to follow
◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target
◽ If breakout happens at (37650)exist from Position of CE or buy back CE or close CE selling position
Then keep short side PE to reach Target of 37800
◽ If breakdown happens (at 36900 ) then exist from Position PE or buyback PE or Close Position PE
Then keep it selling CALL (CE) until reach Target level 36800
🛑You can also short only side either CALL or P
PUT and follow respective Stoploss points
(Personally I will recommend Sell CALL or CE becaut fear market is higher )
🛑Make sure your capital is 1.6 L rupees to execute this strategy
🛑Any doubts regarding on this comment below I will definitely help you guy's
And if I'm wrong please let me know in comment section I will definitely correct my mistake
◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence
◽have nice day 😊