IDFC PUT OptionEven if IDFC is going to touch the upper line of current trend, It still is going to get to the middle line of current trend before any bullish or bearish movement takes place.
Optionbuying
Nifty Levels & Strategy for 08/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
NIFTY
Nifty is down by just -31.2 points. PCR shifted slightly up from 0.87 ( bearish zone) to 0.92 ( bearish zone). Nifty hit the target as expected then reversed as well. Later option writer made good money as Nifty traded in a narrow range. Call writers are getting challenged again & again. Today morning put writers run for the cover & majority of them ended up booking losses. Smart traders made money who took contra trades at major support.
Highest open interest on call side at 17800 (Shifted up from 17800 to 18000)
Highest open interest on put side at 17000 (Remained at same level)
BANK NIFTY
Bank Nifty is down by -210.6 points. Bank Nifty offered excellent opportunities to option writers (short straddle/strangle traders). PCR shifted down from 0.91 ( bearish zone) to 0.78 (getting close to oversold zone). Bank Nifty closed above VWAP and important support zone with good buying volume which is indicating positive move is likely in Bank Nifty . Let us see how global cues works out tonight.
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Remained at same level)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and
Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Nifty Levels & Strategy for 07/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts.
DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders.
NIFTY
Nifty is down by just -10.2 points. PCR shifted down from 1.07 ( bullish zone) to 0.87 ( bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side.
Highest open interest on call side at 17800 (Shifted down from 18000 to 17800)
Highest open interest on put side at 17000 (Remained at same level)
BANK NIFTY
Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 ( bullish zone) to 0.91 ( bearish zone).
Highest open interest on call side at 40000 (Remained at same level)
Highest open interest on put side at 39000 (Shifted up from 38000 to 39000)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and
Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
Bank Nifty Level & Strategy for 06/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading.
FIIs sold in cash -812 crores and bought in F&O 3862 crores. DIIs bought in cash market 534 crores. FIIs added long positions in F&O Index future & stock contracts and reduced short positions in index put & stock put options. FIIs are bullish on market.
DIIs added short contracts in Index future, stock future & stock call option. DIIs are bearish on market. Pro traders followed balanced approach. Pro traders have added short contracts in Index future, stock future & hedged their positions using option contracts. Retail traders have added short contracts in Index future, stock future & index short call. Retail traders also heavy bought index put long & stock put long options except stock call long options. Overall retail traders are highly bearish on the market. May god save retail traders.
BANK NIFTY
Bank Nifty is up by 385 points. Bank Nifty firmly today. PCR shifted up from 0.91 (bearish zone) to 1.2 (buying zone) amid global issues like US Dollar Index at 20 year high, Russia stopping gas supply to Europe & few more.
Highest open interest on call side at 40000 (Shifted up from 39500 to 40000)
Highest open interest on put side at 38000 (Remained at same level)
Federal Bank denied reports of a likely merger with Kotak Bank (slightly negative for BN). SBI 2700 Crores received dues from Vodafone ahead their planned schedule. I don't trade or recommend Vodafone Idea stock but this news is certainly positive for SBI & therefore Bank Nifty
NIFTY
Nifty is up by just 126 points. PCR shifted up from 0.80 (bearish zone) to 1.07 (buying zone). Nifty traded sideways after initial gap-up. Nifty is trading near major resistance zone. Let us see if Nifty breaks out above 17777 level and make a move towards 18000 level.
Highest open interest on call side at 18000 (Remained at same level)
Highest open interest on put side at 17000 (Remained at same level)
Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or
Shall we look for buy on dips opportunities near major support levels till it is trading in a range?
Please do share your comments. Have a very happy, healthy & profitable day ahead!
How about this.? horizontal levels marked its time to keep our bias neutral. all we need to do is just follow the price where it goes. at least for now we dont have any bearish sentiments but will keep an eye on todays us market and tommorw news. just remember to follow just one holy grail in the market that is RRR.
best of luck traders.
This is Beautiful.. major levels marked.my bias is still bearish. coming this night us info data and guess whate we have a doji on daily time frame which I probably think will turn into evening star by tommorrow. so I will only trade the short position tomorrow if market went up I wont doing any trading tomorrow.
theres a chance we may have a trending and much volatile market tomorrow so dont forget to maintain your RRR traders.
BEST OF LUCK TRADERS.
pure price action..major levels markedI will still keep my bias downside because of ongoing geopolitical tension and negative market sentiment. I can't really see any positive news yet In the market which make people start buying again like they did in last month. there a chance tomorrow of a trending day. market are gonna be really volatile, so do forgot to maintain your risk&reward best suits to you guys.
Best of luck traders.
Major levels marked....all I can say that I will keep my view bearish. can of some market sentiments as well as a major 38000 k resistance of over 30L contracts sold. so logically and including all others factors I will keep my bias bearish. for long I think we can only go long once market sustain 38000 resistance for a hour or so. nevertheless keep your RRR maintain traders.
best of luck for the boom expiry.
All just we need to follow the price action....Major levels marked. all we need to follow the price action and keep ourselves neutral. just wait for the prior day range to be broken and thats all. KABOOM.
major levels marked..as we can see again simple yet affected price action on work again. all the entry and exit levels are marked. this is how I prepare my chart for trading. I hope you will like this traders.
important thing. MY BIAS will remain bearish for tomorrow that's why I just gonna take bearish traders tommorow.
This the beauty if pure price action. isn't it..?don't u think that price action is real beauty.? all we have to do for tomorrow is stay neutral and just follow the price where it goes. remember guys market have to break prior day range to move in another direction. just maintain your RRR and soon you will be successful.
BEST OF LUCK TRADERS.
FIB levels marked.chart itself is showing us what we should be doing tomorrow.all we have to do ourself is to maintain our RRR ratio which is the only holy grail of stock market guys.
best of luck traders.
MY BIAS WILL REMAIN NEUTRAL FOR TOMORROW...ALL is already explained on charts.
the rest we will see tomorrow morning about any good or bad news. overall market sentiments are bearish and no any other positive news yet. thats y we will keep our bias neutral. caz we are at very major levels. we have to keep our RRR. the rest is history.
our yesterdays plan is still on..as we discuss yesterday that we will not take any long trades for today. we didn't take any trade. for tomorrow we don't have another plan we just gonna stick to our yesterday's plan because my bias is still bearish.
we all know about today's event raise of interest rates. even as of now when I'm publishing this idea dow jones & s&p500 is almost 1% down. so ya we will keep our bias bearish for tomorrow.
my bias will remian bearish tommorowas we can see from the price action above. i will be eagerly waiting for the supply zone to break. I will not take any long trades for tomorrow.
this is what i can see on banknifty chartas we see a rangebound day yesterday on bank nifty. maybe there are chances of a trending day today. based on us stock market and temporary market sentiments i will be looking for long opportunities in bank nifty today.
we are pure price action traders..as we discussed yesterday banknifty did the same today. this is the power of price action. the market was volatile actually today due to India's GDP news today w. but we manage to trade according our plan.
just remember one thing traders.
EVERY TRADING DAY IS NOT ACTUALLY A TRADING DAY.
what u think folks.. banknifty is ready to touch these levels..?sorry for this late post because I was on. vacation. a much-needed rest and some time to digest the money we earn from the markets.
but I am back now. now I will update u guys with all the price action on nifty50 & bank nifty.
what u think about this price action do let me know in the comments ya.
Thankyou Traders.
sell at rise.. what next..?a clear bear dominant market we are in. us market is in deep red. what to expect from nifty50 tomorrow. I just worried about a sideways market tomorrow. have to maintain our RRR in a much more disciplined way. all of the above pure price action levels are here. will wait again for bearish signals.
levels are marked but just beware of any sideways move.as if now with continuously negative market sentiments and poor quarterly earnings by big goons. my short-term view will remain negative on nifty. will wait for a negative price action & not so comfortable on buying sides. What's your view do let me know.
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option buying strategist
AbbVie Inc - Long Call Vertical SpreadQuick trade for monday on $ABBV
Breakout formation
1) Swing Pivot
Last swing pivot breaked at 109$
2) RSI in the middle zone
Many space up and down too.
3) Squeeze indicator
On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.
CONCLUSION
LONG CALL VERTICAL AbbView Inc
Max profit: 120$
Probability of Profit: 64%
Profit Target relative to my Buying Power: 31%
Buy Power: $380 ( max loss without management)
Max loss with my risk management: ~ $140
Tasty IVR: 6.9
Expiry: 66days
Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit
Stop/my risk management: Closing immediately if daily candle is closing below $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
If you liked this article, check my other ideas.
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