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NIFTY INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 22390 SL - 22350 TARGETS - 22440,22520,22580 SELL BELOW - 22310 SL - 22350 TARGETS - 22270,22230,22170 NO TRADE ZONE - 22310 to 22390 Previous Day High - 22440 Previous Day Low - 22270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 47400 SL - 47230 TARGETS - 47500,47650,47750 SELL BELOW - 47230 SL - 47400 TARGETS - 47080,46900,46750 NO TRADE ZONE - 47210 to 47400 Previous Day High - 47800 Previous Day Low - 46900 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INYTRADAY LEVELS FOR 12/03/2024BUY ABOVE - 22430 SL - 22380 TARGETS - 22470,22520,22580 SELL BELOW - 22350 SL - 22380 TARGETS - 22310,22270,22230 NO TRADE ZONE - 22310 to 22380 Previous Day High - 22520 Previous Day Low - 22310 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 12/03/2024BUY ABOVE - 47400 SL - 47230 TARGETS - 47500,47650,47750 SELL BELOW - 47230 SL - 47400 TARGETS - 47080,46900,46750 NO TRADE ZONE - 47230 to 47400 Previous Day High - 47880 Previous Day Low - 47230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
3
Options Blueprint Series: Straddle Your Way Through The UnknownIntroduction Options trading offers a dynamic avenue for investors to navigate the financial markets, and among the myriad of strategies available, the Straddle strategy stands out for its unique ability to capitalize on market volatility without necessitating a directional bet. This article, part of our Options Blueprint Series, zooms in on utilizing Options on S&P 500 Futures (ES) to employ the Straddle strategy. The S&P 500 index, embodying a broad spectrum of the market, presents a fertile ground for options traders to implement this strategy, especially in times of uncertainty or ahead of major market-moving events. Understanding S&P 500 Futures Options Options on S&P 500 Futures offer traders and investors a versatile tool for hedging, speculating, and portfolio management. These options grant the holder the right, but not the obligation, to buy or sell the underlying S&P 500 Futures at a predetermined price before the option expires. Trading on the Chicago Mercantile Exchange (CME), these instruments encapsulate the market sentiment towards the future direction of the U.S. economy and stock market. Their popularity stems from the leverage they offer, alongside the efficiency and liquidity provided by the CME, making them an effective instrument for executing sophisticated strategies like the Straddle. The Core of the Straddle Strategy The Straddle strategy in options trading is a powerful method to exploit volatility. It involves simultaneously buying a call and put option on the same underlying asset, with identical strike prices and expiration dates. This non-directional strategy is designed to profit from significant price movements in either direction. For S&P 500 Futures options, this means traders can position themselves to benefit from market swings without trading the trends. The beauty of the Straddle lies in its simplicity and the direct way it captures volatility, making it a commonly used strategy in times of economic reports, earnings announcements, or geopolitical events that can trigger substantial market movements. Executing the Straddle Strategy on S&P 500 Futures Options Implementing a Straddle with S&P 500 Futures options involves a calculated approach. The first step is selecting the right expiration date and strike price, typically at-the-money (ATM) or near-the-market values of the ES options, to ensure a balanced exposure to price movements. Timing is crucial; initiating a Straddle ahead of anticipated volatility spikes can be more cost-effective, as option premiums tend to rise with increased uncertainty. Utilizing TradingView's comprehensive analysis tools, traders can gauge market sentiment, identify potential volatility catalysts, and choose the optimal entry points. Managing the trade requires vigilance, as the key to maximizing profits with a Straddle lies in the ability to respond adeptly to market shifts, possibly adjusting positions to mitigate risks or capture emerging opportunities. Market Analysis for Straddle Execution For a successful Straddle execution on S&P 500 Futures options, thorough market analysis is indispensable. Volatility, the lifeblood of the Straddle strategy, can be assessed using various technical indicators available on TradingView, such as the Average True Range (ATR) or the CME Group Volatility Index (CVOL). Economic indicators and scheduled events also play a crucial role. Traders should closely monitor the economic calendar for upcoming reports or news that could sway the market, adjusting their strategies accordingly. By analyzing past market reactions to similar events, traders can better predict potential price movements, enhancing their Straddle trade's effectiveness. Implied Volatility and CVOL Understanding Implied Volatility (IV) when trading Straddles is essential. IV reflects the market's expectation of a security's price fluctuation and significantly influences option premiums. Since the S&P 500 Futures is a CME product, examining CVOL could provide an advantage to the trader as CVOL is a comprehensive measure of 30-day expected volatility from tradable options on futures which can help to understand if options are underpriced of overpriced at the time of the trade. Strategic Risk Management for Straddle Trades Risk management is paramount in options trading, especially with strategies like the Straddle that involve multiple option positions. Setting predefined exit criteria can help traders lock in profits or cut losses, ensuring that one side of the Straddle does not negate the other's gains. It's also vital to consider the time decay (theta) of options, as it can erode the value of positions as expiration approaches. Utilizing stop-loss orders or adjusting the Straddle to a more defensive setup, like transforming it into an Iron Condor, are ways to manage risk. Moreover, traders must keep an eye on liquidity to ensure they can adjust or exit their positions without significant slippage. Case Study: Navigating Market Uncertainty with a Straddle on ES Options Let's examine a hypothetical scenario where a trader employs a Straddle strategy on S&P 500 Futures options ahead of a potential major expected movement as the S&P 500 gaps up significantly after making a new all-time high which may lead to an unsustainable market condition. The trader selects ATM options with a 50-day expiration, expecting a sharp price movement in either direction. Key S&P 500 Contract Specs Tick Size (Minimum Price Fluctuation): 0.25 index points, equivalent to $12.50 per contract. Trading Hours: Nearly 24-hour trading, starting from Sunday evening to Friday afternoon (Chicago times) with a 1-hour break each day. Cash Settlement: No physical delivery of goods; contracts are settled in cash based on the index value. Margin Requirements: Traders must post an initial margin and a maintenance margin, set by the exchange as a recommendation, to hold a position. These margins can vary based on market volatility and changes in the index value. Currently: $11,800 per contact. Trading Venue: S&P 500 Futures are traded on the Chicago Mercantile Exchange (CME). Access and Participation: Available to individual and institutional investors through futures brokerage accounts. Leverage and Risk: Futures offer leverage, meaning traders can control large contract values with a relatively small amount of capital, which also increases risk. Long Straddle Trade-Example Underlying Asset: E-mini S&P 500 Futures (Symbol: ES1!) Strategy Components: Buy Put Option: Strike Price 5200 Buy Call Option: Strike Price 5200 Net Premium Paid: 195 points = $9,750 Micro Contracts: Using MES1! (Micro E-mini Futures) reduces the exposure by 10 times Maximum Profit: Unlimited Maximum Loss: Net Premium paid Conclusion The Straddle strategy, when applied to S&P 500 Futures options, offers traders a potent tool to potentially profit from market volatility without taking a directional stance. By understanding the nuances of the S&P 500 Futures options market, meticulously planning their Straddle setups, and employing rigorous risk management practices, traders can navigate the complexities of the options landscape with confidence. Continuous learning and practice, particularly in simulated trading environments, are essential for refining strategy execution and enhancing trade outcomes. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME_MINI:ES1!Education
by traddictiv
BANK NIFTY INTRADAY LEVELS FOR 11/03/2024BUY ABOVE - 47980 SL - 47880 TARGETS - 48070,48160,48310 SELL BELOW - 47750 SL - 47880 TARGETS - 47650,47500,47360 NO TRADE ZONE - 47750 to 47980 Previous Day High - 48070 Previous Day Low - 47750 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY LEVELS FOR 11/03/2024BUY ABOVE - 22520 SL - 22500 TARGETS - 22580,22650,22700 SELL BELOW - 22470 SL - 22500 TARGETS - 22430,22380,22350 NO TRADE ZONE - 22470 to 22520 Previous Day High - 22520 Previous Day Low - 22430 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Navigating Volatility: Positional Strategies for MarchWork religiously irrespective of temporary failures, have risk management systems in place As a seasoned derivatives trader with over a decade of experience, I find myself continuously drawn to the dynamic nature of the market. Inspired by familial ties and fueled by a passion for challenge, my journey into this realm began with humble internships and has evolved into a successful career within reputable broking firms. Today, I stand firm in my enthusiasm for derivatives, where each trading session offers renewed excitement and abundant opportunities for growth. Futures and options are highly volatile so one should not assume that they know everything from day one. My journey has seen a fair amount of ups and downs, but it has all been a great learning experience at the end of the day. The most important thing is that I have been willing to learn something new every day. I also make sure to have risk management systems in place before taking a position. This makes losses bearable and the victories more joyous. Advice to women who want financial freedom and are very excited to enter the derivative field? Continue working your way religiously irrespective of temporary failures. Maintain discipline and do a lot of preparation before entering the markets. Learn to embrace the fact that one bad day or one wrong trade does not define the rest of the year, if you have been disciplined. Expect the Nifty 50 climbing above 23,000 in March after reading options data? As per my analysis, I was looking at Nifty targets till 22,500 – 22,800 first. Any further correction or upside will be re-evaluated then. Top two positional bets for March and why? Since volatility is at its peak now, a good balance approach is important. Hence, my first pick would be as a defence play: Buy Dabur India with a support at Rs 525-520 zones and look for upside targets till Rs 585/600. Buy Glenmark Pharma with a support of Rs 920 and target of Rs 1,020/1,035. Nifty or Bank Nifty strategy for next week? FIIs net long position as on date is at 40 percent, which is quite steady. If it crosses 45 percent, then a strong short covering rally can come which will propel markets to a new highs and Nifty can test 23,000. Bank Nifty is also on a strong momentum and can move towards 49,500/50,000 zones from here. We have been recommending largecap private banks and PSUs to our clients on a regular basis, and I still feel Axis Bank and SBI can see further meaningful upside from here in the March series. The other sectors participating strongly now are chemicals, FMCG, technology, energy. So, I retain my view to go long in Tata Power, Reliance Industries, SRF, GNFC, Infosys, and Birlasoft. For option traders, Bull Call spread on Nifty monthly expiry with 22,500 CE buy and 23,100 CE sell can be done (do not forget to keep stop losses as per risk appetite). A Bull Call spread comprises buying one Call option with a lower strike price and simultaneously selling a Call option with a higher strike price. Risk Management: Stop Loss: Implementing a stop-loss strategy to mitigate potential losses in case of adverse market movements. Position Sizing: Adhering to proper position sizing principles to ensure risk is managed effectively and in line with overall portfolio objectives. Conclusion: In conclusion, my journey into derivatives has been marked by challenges, opportunities, and unwavering passion. As I continue to navigate the intricacies of this dynamic realm, I remain committed to embracing the unpredictability of each trading day, knowing that therein lies the potential for continued success and growth. Disclaimer: This trade idea is for educational purposes only and should not be construed as financial advice. Traders should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by khushaljain023
2
BTO* FXI April 17th 20.5 Monied Covered Call... for a 19.90 debit. Comments: Looking to establish a position in FXI over time on weakness via monied covered calls to emulate selling a 25 delta short put, but with built-in downside defense via the short call and to take advantage of call side IV skew. The underlying also has a dividend that pays out in June and December, but with somewhat variable amounts and with the Dec distribution being far larger than the June one (e.g., 2022: June .145929; Dec .593146; 2023: June .154374; June .149 (special); Dec .6074). Consequently, I 'd be more interested in grabbing the Dec than the June, so may modify my strategy slightly to allow for the grabbing of those by selling an OTM covered call in those expiries instead of ITM so that my shares don't get called away before the divvies drop into my account. I have an order in to open for 19.90, but may penny up to get a fill just to get a starter position on. Metrics: Buying Power Effect/Cost Basis in Shares: 19.90 Break Even: 19.90 Max Profit: .60 ($60) ROC %-age: 3.02% at max, 16.2% annualized; 1.51% at 50% max, 8.10% annualized. * -- Buy to Open
AMEX:FXILong
by NaughtyPines
BANK NIFTY INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 48020 SL - 47880 TARGETS - 48160,48310,48440 SELL BELOW - 47880 SL - 48020 TARGETS - 47750,47650,47500 NO TRADE ZONE - 47880 to 48020 Previous Day High - 48160 Previous Day Low - 47500 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 07/03/2024BUY ABOVE - 22500 SL - 22430 TARGETS - 22580,22650,22700 SELL BELOW - 22430 SL - 22500 TARGETS - 22380,22350,22310 NO TRADE ZONE - 22430 to 22500 Previous Day High - 22500 Previous Day Low - 22230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP