Opening (IRA): TLT April 19th 90 Short Put... for a 1.10 credit.
Comments: Although I have a long-dated covered call on in TLT, starting to ladder out some short put at intervals that would result in an improvement of my cost basis in the covered call were I to be assigned shares.
Targeting the strike that's paying around 1% of the strike price in credit.
Optionsstrategies
Gold trading strategy todayGold continues to trade within a price wedge and is nearing the boundary of the trendline. The precious metal remains capped below the $2040 resistance, and I am looking forward to selling gold with a profit target set at $2027 (the lower trendline limit).
What about you, are you considering selling gold? Remember to set your Take Profit (TP) and Stop Loss (SL) properly for safe and victorious trading!
The trend is unknown, waiting for the decision from the Fed Gold prices are struggling to find meaningful momentum as the market awaits a new catalyst. The narrative of enduring higher interest rates by the Fed has curtailed the potential for XAU/USD's price increase.
From a technical standpoint, the ability to consistently break through the resistance at $2,041-$2,042 would serve as a fresh stimulus for bullish speculators, propelling gold further towards the next relevant barrier around the $2,065 zone. With oscillators on the daily chart just starting to gain positive traction, the momentum could extend further, reigniting the possibility for XAU/USD to revisit the notable $2,100 mark.
On the flip side, the weekly low around the $2,025-$2,024 area, recorded the day before, may continue to offer some support ahead of the 100-day SMA, currently near the $2,013-$2,012 zone. The next psychological milestone for gold could well be the significant $2,000 threshold.
BANK NIFTY INTRADAY LEVELS FOR 01/03/2024BUY ABOVE - 46300
SL - 46100
TARGETS - 46450,46560,46750
SELL BELOW - 45930
SL - 46100
TARGETS - 45730,45570,45330
NO TRADE ZONE - 45930 to 46300
Previous Day High - 46300
Previous Day Low - 45730
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 👍
NIFTY INTRADAY LEVELS FOR 01/03/2024BUY ABOVE - 22060
SL - 22020
TARGETS -22120,22170,22230
SELL BELOW - 22940
SL - 21990
TARGETS - 21890,21850,21800
NO TRADE ZONE - 21940 to 22060
Previous Day High - 22060
Previous Day Low - 21850
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 👍
S&P 500 INTRADAY LEVELS FOR 01/03/2024BUY ABOVE - 5100
SL - 5094
TARGETS - 5110,5120,5135
SELL BELOW - 5088
SL - 5094
TARGETS - 5081,5076,5070
NO TRADE ZONE - 5088 to 5100
Previous Day High - 5100
Previous Day Low - 5062
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 👍
EURUSD : Buy now ???Hello everyone! Are you leaning towards buying or selling EURUSD today?
I'm currently eyeing a buying opportunity for EURUSD as the pair has retraced to the 0.5 - 0.618 Fibonacci zone. According to Dow Theory, buyers seem poised to propel the next price rally for EURUSD, with targets set at the 1.085 resistance and aiming further for the 1.087 peak.
GBPUSD: Discount ! GBP/USD is currently testing the near low of 1.2650 in early European trading on Wednesday. The US dollar is strengthening its recovery amidst cautious sentiment, ignoring the negative yields of US Treasury bonds.
At the moment, this currency pair is hovering around the 1.2650 mark, caught in a technical standoff between the resistance level at 1.2700 and an uptick in short-term technical support, rising from its last low to the level of 1.2550.
BANK NIFTY INTRADAY LEVELS FOR 29/02/2024BUY ABOVE - 46100
SL - 45930
TARGETS - 46300,46450,46560
SELL BELOW - 45930
SL - 46100
TARGETS - 45730,45570,45330
NO TRADE ZONE - 45930 to 46100
Previous Day High - 46750
Previous Day Low - 45930
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 👍
NIFTY INTRADAY LEVELS FOR 29/02/2024BUY ABOVE - 22060
SL - 22020
TARGETS -22120,22170,22230
SELL BELOW - 22940
SL - 21990
TARGETS - 21890,21850,21800
NO TRADE ZONE - 21940 to 22060
Previous Day High - 22230
Previous Day Low - 21940
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 👍
S&P 500 SYMMETRICAL TRIANGLE FOR INTRADAY 29/02/2024BUY ABOVE - 5076
SL - 5070
TARGETS - 5081,5088,5100
SELL BELOW - 5057
SL - 5062
TARGETS - 5047,5039,5032
NO TRADE ZONE - 5057 to 5076
Previous Day High - 5076
Previous Day Low - 5057
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 👍
EURUSD : Attention to the defense level below 1,080Greetings, dear friends, today's EURUSD is trading around 1.083, but what's the next move?
EUR/USD remains stable, hovering close to 1.0850, especially after Tuesday's session, which saw minimal driving forces for the pair due to U.S. Durable Goods Orders in January falling more than expected. Now, all eyes are on the upcoming U.S. Gross Domestic Product (GDP) data set for release on Wednesday.
From the charts: EURUSD finds itself in a corrective phase, facing downward pressure from sellers as it approaches the resistance level at 1.0888. The current defensive stance is pegged at 1.079, with a notable chance for a price rebound in this zone. Positioned within the 0.5 - 0.618 range, buyers are keenly watching this area for opportunities to steer the pair back into the fray.
Opening: TSLA March 15th 165/175/215/225 Iron Condor... for a 3.52 credit.
Comments: Somewhat of a "revenge trade" here after exiting my earnings trade for a small loser.
3.52 credit on BPE of 6.48; 54.3% ROC at max; 27.2% at 50% max.
Generally, will look to take profit at 50% max/adjust untested side on side test.
NIFTY INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 22210
SL - 22170
TARGETS -22250,22300,22350
SELL BELOW - 22170
SL - 22210
TARGETS - 22120,22070,22020
NO TRADE ZONE - 22170 to 22210
Previous Day High - 22210
Previous Day Low - 22070
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 👍
S&P 500 INTRADAY LEVELS FOR 28/02/2024BUY ABOVE - 5081
SL - 5075
TARGETS - 5088,5100,5110
SELL BELOW - 5070
SL - 5081
TARGETS - 5057,5047,5039
NO TRADE ZONE - 5070 to 5081
Previous Day High - 5081
Previous Day Low - 5057
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 👍