Nifty and Bank Nifty view for the week 11-15th Jun 2018

  Nifty and Bank nifty will see some consolidation around this week.  Fed meeting  out come on Wednesday night will have impact on Thursday trade. Even an expected rise of 0.25 (2% from 1.75%) will have only a small gap down impact, end the day it will get filled.

Below 10500 in Nifty , will alter the chart and makes us to change the medium term view in nifty, till that time we can  expect some sector rotation in nifty.

SBI looks good in monthly chart, and HDFC bank chart looks to give good support to bank nifty.

Dips near/below previous low will be the area to look for buying opportunity for the next few days.

Let see

ZT 

SBIN Looks positive in Monthly chart.

SBI MONTHLY CHART

There is positive change over happens in the sbi chart in daily and weekly as well as monthly.

There is lot of change that it may reach around 318 in the coming weeks.

I prefer to go long above 275 with stop at 259 for a target of 318 and 330 levels.

Let see

ZT

Nifty and Bank Nifty View.

Nifty and Bank Nifty formed a bearish engulf in daily chart.
Today's low (4/6) will be very important thing for tomorrow. if nifty opened below 4/6 's low then downside will be more than 1%.

10600 PE may be doubled as per 2Xpower option strategy. 26200 pe also possible of 2X.

Nifty and Bank nifty closed below LLV(low,2).  This is bearish, 20sma is nearby.

let see tomorrow

ZST

BTST BUY - BAJAJ AUTO

Buy Bajaj auto - 2915 , BTST ,  Target 2990.

Buy 3000 CE at   42- 45  Target 84-90.  (BTST),

Close the above Position on Monday evening if  Target not met.

ZT

Nifty and Bank Nifty - View on 06/01/2018

First day for the series and start of a month.

This month we have to be very cautious on long side. Don't try to trade on breakouts. Try to buy around support with strict stop loss.

Last month High on Nifty and Bank Nifty is act as inflection point.

Today we have to be cautious after 1.30 pm, selling / profit booking will come.

Let see how things span out and then we take it from there.

ZT

 

Option Strategy - 2Xpower

Read Malai Hari's answer to What is your most successful option-trading strategy? on Quora

BUY CALL INFY

BUY INFY UPTO EXPIRY

1214 STOP AT 1204.  TARGET 1250+

let Market decided the Target

looking to buy 1220 Ce around 3 and 1240 ce around 1.5 cmp and another one average at 0.8

Hope for a good Profitable expiry 

ZT

Nifty and Bank Nifty - 30/5/18 View

Nifty formed bearish engulf in the day chart.  The previous day low is very much important for bulls to defend the uptrend. Yesterday's low is 10616. As on now it looks a gap down open. 

It should trade above 10616 to generate signal to trade long side,  with stop around 10600.

Till that time, we have to wait,   Nifty is trading around 20 days moving average,  this is always inflection point.  to mark up or down,  there will be lot of confusion taken place around this level.  So we have to wait patiently, Let others play hard and create the direction for us.

Bank Nifty also in the same side of  Nifty.  20 days moving average around 26000.

As Jackpot option finder,  I always like a big bear candle before expiry in Nifty and Bank Nifty.  Let see today we can find any Jackpot setup.

10600 CE around 5 and 26200 - Bank Nifty CE  at 16 - look to buy as of now.

Let see..

ZT

Expiry Week Notes - Nifty and Bank Nifty.

Nifty CMP : 10605.

10600 CE : 52 & 10600 PE : 43.

The Resistance at 10652 spot level , Support at 10550 spot level.
The Range is 10700 - 10500.
Pervious day High 10628 will be Inflection Point

The expiry week looks neutral, we have to trade only between the range / support/resistance.

Short at the resistance 10650 and buy around support 10550 will be the Strategy for the expiry week.

Buy 10600 CE at 5 / Buy 10600 PE at 4 ( whenever it comes to that price). Look to book profit around 25 and 20 respy.

Bank Nifty : 26273.

26200 CE - 165  & 26300 PE - 165.

Resistance at 26365 spot level.
Support at 26135 spot level
Range Lower 25950 - Higher 26600
Previous day High 26325 and 26471 will be the inflection point. If sell-off happens there, then the 26471 will act as strong resistance for the entire week.

The expiry week looks neutral, we have to trade only between the Range.

Shorting at the upper range 26600 and buy around  lower range 25950 will be the strategy for the expiry week.

Buy 26200 CE- at Rs.16 & 26300 PE - at 16 .(whenever it comes to that price) Look to book profit around 80.

Nifty and Bank Nifty View - 25/5

How to approach today market  ?

Yesterday's high is very much important for Nifty and Bank Nifty, once it crosses and they can move to 10595 and 26150 levels.

2.30 to 3.30 will be testing time for market to hold it gains. if it trades +80 points.

Any weakness near 10420 levels is a buy call. with stop at 10380.

Infy and Tcs going very strong.  It looks INFY  makes a break out and may touch 1300 levels for this series.

Buy the hourly weakness.
If Nifty close above 10621 today, it will change the weekly chart and makes weekly chart looks bullish for the expiry week.

Let see

ZT

Nifty and Bank Nifty View. 22/5/2018

Nifty has formed bearish engulf in Weekly chart pattern. so Market has to trade above 10600 level, till that time, market will grind lower.

Shorting at this point will not make a good trade setup.

Bank nifty also looks weak, but it does not mean, we can make short on every rise.

This point of time, better to wait on the side lines , till things get settle.

Once market start moving up, then look for the levels around 10600 and 26000, how it plays around that level.

I am bullish if market moves 10600, I will try to buy the pull backs with stop at the low it made before moving to 10600.

Only after moving to 10600 , Plan your trade.

ZT