Index & Options calls with consistency

2021-05-11 05:30:01 15 mins chart Open / Comment

2021-05-10 17:51:00 Nifty looking at interesting stage to trade.
If anyone wants analysis then comment down 'Yes' will post at tomorrow morning. Open / Comment

2021-05-10 17:48:20 Today Banknifty was Up by 237.90 Points or 0.72%. Opened Gap Up and complete rangebound all day.

From last monday till today Banknifty moved more or less 1300 points which is very less for a index like banknifty. Created a channel and range getting narrow now (Look chart above for better understanding). Nifty looking strong.

Let's analyse for Tomorrow, Again opening of Tomorrow will be important. Today last 15 mins was strong. You can look for Buying opportunity above 33220. Flat opening will be good.

Banknifty following a simple trendline, Which is now multiple times tested. So if we got a good breadown from the trendline, then we can look for shorting

Best of luck for Tomorrow Open / Comment

2021-05-10 17:48:16 Open / Comment

2021-05-09 16:30:02 On Friday Banknifty was Up by 76.70 Points or 0.23%. A straight 5th day Banknifty is consolidating and in tight range.

Let's analyse for Tomorrow, currently banknifty is in ascending wedge pattern. We can get a good trending mkt next week, Option buyers be ready to capture movement.

33000 is important round no. As of now, we need to watch action there. After crossing 33070, you can look for buying.

After breaking 32704, you can look for shorting. Small gap down will be good.

Your risk should be defined on every trade and also daily risk should be planned. If any day you loosed around your daily risk then close the trading for that day and trade next day with fresh mind.

Best of Luck for Tomorrow Open / Comment

2021-05-09 16:30:02 Open / Comment

2021-05-06 17:28:20 Today Banknifty was Up by 44.10 Points or 0.13%. A complete sideways day with volatile expiry moves. Non directional Option sellers may minted good money...

Let's analyse for Tomorrow, because of sideways day today we got a good range for tomorrow. Opening of tomorrow will be important.

After breaking 32970, you can look for buying. Flat or Gap up around 100 point opening wilp be good for a sustainable upmove.

After breaking 32530, you can look for selling. If opened small gap down then we can see a good selling pressure.

If you getting so much emotional by seeing PnL in your running trade then ask yourself will i able accept the loss if my SL is hitted if you got answer 'Yes' then just hold peacefully and if you got 'No' then close that trade immediately. In next analysis post we will discuss more about this.

Best of luck for Tomorrow Open / Comment

2021-05-06 17:28:20 Open / Comment

2021-05-05 16:56:51 Today Banknifty was Up by 513.35 or 1.59%. Today there was a news in market that RBI governer to adress at 10 am. At 10:04 banknifty given a dip of around 400 point in single minute and recovered all in minutes, A volatile day today !!

Let's analyse for Tomorrow, Banknifty forming a range between 32000 and 33000 from last 3 days, well thats good for us. After breaking that range we can get a good trending movement.

Tomorrow after crossing 32900 level you can look for buying again. Flat opening will be best for good buying movement.

Banknifty taking support from a trendline (refer chart). If banknifty breakes that trendline and 5 min. candle closes below the trendline you can look for shorting. I told wait for 5 min. candle close because many times market breakes the trendline to trap retailers and reverses back. Safer side wait for 5 min. candle close.

Best of luck for Tomorrow Open / Comment

2021-05-05 16:56:48 Open / Comment