BSE
Nifty will Fall MoreNifty as broken its crutial Monthly Demand and falling we don't have any valid Support nearby the next support is at arroung 14300 to 14400 will looking for that levels. Keep your money with you that will give you better opportunity to reap huge profits with smallest amount of Risk involved. Till then every rise is a Shorting opportunity for me. Rather than trading naked in this volatile market which is very risky so get ready with your strategies. 15700 and 16000 having highest Open Intrest will also proves a hurdle not easy to break will looking to go short if reaches that level at least for this expiry. Position in SAIL and AIAENG is still on and HOLDING that positions.
Nifty Holding its PositionAs the globals are recovering Nasdaq is +ve, Singapore Nifty is also not very -ve there are two possible outcomes whether nifty bounces and breaks the Supply made yesterday or after hitting the Supply will fall back in second scenarion " I will prefer to square of my BULL PUT POSITION" not in very profitability but not in Loss or other wise hold till today's end depending upon situation. " RISK MANAGEMENT := Managing the risk is the key to survival in the market your Asset is MONEY if you run out of your Asset you will be thrown out of market and bound to go HOME believe me over the time i realises that making negligible or no Loss is more important than making Profit in every trade. If you stand on crease Runs will come sooner or Later. It is a process over the time you learn you earn you evolve. "
Nifty Gap Down HoldsNifty gaps down wih arround 400 Points but didn't able to break on closing basis, The time will tell whether it bounces back from here or will breaks the Demand Zone made earlier, but some how managed to make fresh levels and comes back in the zone. If it holds will bounces back due certain reasons.
1) Weekly expiry is ahead and Puts values are inflated and call values decreased heavily.
2) There is major hurdle at arround 16100 level for nifty at least for this expiry.
Nifty call analyst Put/Call ratio (PCR) is a popular derivative indicator, specifically designed to help traders gauge the overall sentiment (mood) of the market. The ratio is calculated either on the basis of options trading volumes or on the basis of the open interest for a particular period. If the ratio is more than 1, it means that more puts have been traded during the day and if it is less than 1, it means more calls have been traded. The PCR can be calculated for the options segment as a whole, which includes individual stocks as well as indices.
BLS/INR Ready to 100% from here because of Bull flag Breakout#BLS/INR TA Update:-
₹BLS currently trading around ₹235
As per chart Bull flag already broke out.
ATH resistance is ₹271
All are waiting to breakout ₹271
Good to accumulate around this level.
Strong support = ₹184
If break ₹271 then My target will be ₹436 and ₹617
Stop Loss = ₹179
Britannia Weekly chart crucial supportBritannia is taking support from its crucial levels.
It's respecting these levels since June 2020.
Reward to risk is 3.9:1. Very favourable.
If it breaks the support zone, we can go short. Target has been marked with a red horizontal line.
Simple and straight forward analysis.
Let me know in how to went in the comments.