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CNXFINANCE trade ideas

FINNIFTY Expiry Day Trade Setup (13-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. Finnifty is range bound in parallel channel from almost 1 month. Break of this channel can give good move. For expiry day setup: 1.) If opens flat Resistance is placed at PDH and PDL. break of any can give good move. 2.) If Breaks PDH and sustains then will buy for a quick scalp as there will be volatility due to expiry and will close position if in profit. 3.) If Breaks PDL and sustains then will short for quick scalp also. don't want to trade for targets which is next support or resistance as it's expiry and price manipulation and premium decay if holds for targets. so better to quick scalp and book profit.
NSE:CNXFINANCE
by TradeInsights
FINNIFTY Expiry Day Trade Setup (30-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. So with gap up today and from days price action forming like pennant or bull flag. Breaking this pattern could give good move if price opens flat only. For trade setup: 1.) If open flat will look for break of this pattern on either side if breaks on upside target will be Today's High (19615) then 19630. On Break of downside target will be 19431 then 19392. 2.) If opens gap up then will wait for price action to form and will trade only if it forms some pattern or if there is good setup. 3.) If open gap down setup will be same as point 2. As on expiry due to theta decay and because of some gamma moves premium values erode fast and they won't gain. so will only trade solid setup with small stop. Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
NSE:CNXFINANCE
by TradeInsights
FINNIFTY Expiry Day Trade Setup (23-May-2023)This will be my personal trade Setup, This is not an advice of any kind to trade for anyone. Price is moving in Triangle Pattern will Break of this can give good trade setup, will follow these points: 1.) If opens flat between this triangle then will wait for price to break this pattern as buying PE near upper triangle trend line resistance for target of lower triangle trendline will be slow and there will be theta decay which will just eat premium. 2.) If opens gap up will look for nearby resistance levels. CPR Levels to be in a trade. 3.) Same for Gap down opening only will if it sustain support or if it rejects it. 4.) As it is expiry day so there will be volatility and if setup isn't good due to theta decay it will only eat premiums. Also if i place any trade in FINFIFTY i will be sure to book profits as soon as possible. and will try to look for 5 minute chart to enter a position and 1 minute chart to close my position. Hit like to keep me motivated for keeping my trading journal. also one can comment how i can make it better or any improvements i can make in my trading setups.
NSE:CNXFINANCE
by TradeInsights
finnifty much difficult to trade on expirty..today finnifty much diffcult to trade on expiry.its pure option seller market who sold 19000 on higher side and 18800-18900 lower side call and pe both side sl hit and no momentum trade after 1.00 pm only 50-60 point move which not expected by finnifty on expiry day. in my opinion if you long on finnifty stay long with sl of 18800 positional and if you want to add fresh long wait for close above 19000. no dobut structure is bullish and every dip buying oppturnity..
NSE:CNXFINANCELong
by ak420052