Nifty chart buy view

Rsi and Moving Avg of RSI by malayappanrajagopal on TradingView.com

EXPIRY DAY - NIFTY & BANK NIFTY TECHNICALS

Nifty 50

• NIFTY 9884 - 9900 CE - 20 & 9900 PE - 35.
• Gap down open below 9865 and Gap up open above 9920 will give comfort for me to buy PUT in case of gap down, Call in case of gap up.  
• If flat opens happen - my range is 9830 - 9925.  I will buy 9900 call when nifty trade at 9830 and will buy put when its trade near 9925.

Banknifty

• Banknifty 24308 - 24300 CE- 81 & 24300 PE - 65
• Gap down below 24235 - Buy 24300 Put.
• Gap Up above - 24390 Buy 24300 call.
• if Flat opens,  expected range - 24160- 24440 levels

Good Luck..

Yours
Zen Trader.

MONTHLY PICKS - ITC BUY CALL

ITC - BUY CALL - CMP 282. 

• MONTHLY PICKS - HOLD UP TO DEC-2017.
• TARGETS : 370 & 400 
• YEAR HIGH - 354. 
• TRADING - 20% BELOW LIFE HIGH.

Monthly Chart 

Yours

Zen Trader.

NIFTY and BANK NIFTY TECHNICAL VIEW = 30/8/17

Nifty 50.

• Big sell candle. (-117 Points)
• Resistance 9860 support at 9780. pivot 9816. Yesterday low 9873.
• US market moved up, will create confusion 
• Gap up open possible.
• First choice, Try to go short at 9860 levels with stop at 9880 levels.

Bank Nifty

• Big sell candle (-248 Points)
• Resistance 24240- 24250 levels support at 24080 pivot 24170.
• Try to go short around 24220-24250 levels if gap open happens with stop at 24310.

Since 2 trading days left in this series, may be, market try to trade lower and try to move in the next series.

Good luck...   Let see in the live market ...

Yours

Zen Trader

Contra Buy - Risk Trade but worth to take..

• Bought Nifty at 9840  stop at 9819
• Bank Nifty at 24200 with stop at 24140.

Good luck

Stop hit 1.25 pm....   

CLOSED ALL POSITION

• I HAVE CLOSED PNB AT 143.7 

• NIFTY PUT AT 72

• SYNDICATE PUT AT 0.75

Market seems good buying around 9830 levels and 24150 levels in Bank Nifty.

• Morning Nifty short at 9870 exited at 9850 ( with trailing stop)
• Banknifty shorted at 24250 exited at 24220 (with trailing stop)

Gap down opening - 29/8/2017. How to trade?

• If Nifty spot as well as Nifty fut opened below 9870 levels.  SELL
• We have to go short with stop at 9951.
• Carry the short till expiry look for the target around 9720 levels and even 9650 

• If Bank nifty opened below 24250 level SELL with stop at 24500
• Carry the short till expiry look for the target around 23850 and even 23750 levels

The above trade view in lieu of SGX nifty gap down open.  I will execute the trade and will place the stop.  I will review my position after the first hour if my stop not triggered.

Good luck..

Nifty and Bank Nifty Technicals

Nifty 9912.8 (+55) 

• Resistance 9950 : Support 9870 : Momentum will pick up once it cross these levels.
• Today we have to watch yesterday's high 9925 in spot.  
• Trading below will be bearish. 
• 9900 PE bought at 48 closed at 32. open interest up almost 50% . 
• Once market touched and trade below 9870
• Lot of short covering  will happen in 9900 PE. 
• I expect some good profit from this 9900 put.

 Bank Nifty 24377 (+102)

• Resistance at 24500 support at 24150 Momentum will pick up once, it cross these levels.
• PSU Bank space looks weak.
• So far this series advance decline is 3:9 and return -2.18 %

The Resistance level or support level not broke today, there is going to be lackluster expiry week moving around 30 points in nifty here and there and in bank nifty 100 points here and there.

Good Luck...

SYNDICATE BANK PUT BUY

SYNDICATE BANK 65 PE AT 0.70 -0.60 

HOLD THE PUT TILL EXPIRY

TARGET - 1.20 - 2.40 - 3.60

STOP NIL

STOCK CALL - SELL PNB

SELL PNB AT 144.70

TARGET 140 - 138 -135

STOP 148.2

TIME FRAME - 4 DAYS UPTO THIS EXPIRY.

BUY NIFTY 9900 PE (PUT)

BUY 2 LOT NIFTY 9900 PE AT 48.

TARGET FOR DAY 69.

CARRY ONE LOT WITH STOP AT 10.


GOOD LUCK....

BANKNIFTY TRADE PLAN - EXPIRY WEEK- 31AUG

Expiry week - Negative bias 

• Support at 23850   -  Spot Levels
• Resistance at 24455

Future closed closed at 24330.  Resistance at 24480 and support at 24150.  Breaking 24150 levels leads to 23850 and 23700 levels for this Aug expiry series.

Predetermined trade :  If opens at or around 24480 -24500 levels,  I will SELL bank nifty with stop at 24622 target 24150.

Good Luck..

Yours
A zen Trader.

NIFTY TRADING PLAN 28 AUG -31 AUG (EXPIRY DAY)

Expiry week - Trade with Negative bias 

• NIFTY RESISTANCE AT 9948 in spot level
• NIFTY SUPPORT AT 9740

With call and put data breaking above 9942 and breaking below 9830 in future will decide the trend. Nifty future is 9880 now.

Weekly Chart pattern  shows Nifty may touch  9600 level in coming weeks.

Predetermined trade : IF Nifty opens at 9940 level in future or it touch in the first few hours,  I will sell Nifty around 9940. Target and stop will be determined in the due course.

US and EU index also looks weak (or not so bullish), so I feel they will not support NIFTY in this week.

Gook Luck..

Yours

A zen Trader.

Infosys Buy Back offer

Read Malai Hari's answer to Infosys is buying back its shares at 1150, while CMP is 923. Can I make a quick buck by purchasing it now? What are the possible risks and catches involved? on Quora

Intraday call SELL SBI FUT 278.9

9.47 AM 8/24/17

SOLD SBIN FUT AT 278.9 TARGET 275.1 STOP AT 282.2

Good Luck..

How to Trade Nifty and Bank Nifty -24 Aug 2017

24/8/17- 6.00 AM

Today is the last trading day for the week.  Trading below yesterday's high in spot and future will put pressure on nifty and selling pressure will come in the latter part of the day.

I don't want to take any predetermined trade in Nifty.  I will play wait and watch strategy.

In Bank nifty,  weekly option expiry,  Gap down open below 24220 is bearish, gap up above 24400 will be good for bulls.  Either way 200 points volatility can be expected from the above levels , if bank nifty crossed the above levels.

Watch the resistance point of yesterday's high 24350 in spot and 24370 levels in future. 

There is no predetermined trade in Bank nifty. Only the gap up open or gap down open will decided the trade. 

Good luck.. 

Have a great day...

Target achieved in Nifty, Bank nifty and ICICI bank.

Today Nifty target of 9872, Banknifty 24370 ( almost) and ICICI Bank - 299.

Good Luck..

How to trade Nifty and Banknifty - 23/8/2017

23/8/17.6.00 AM

Since all world market ended in green, I prefer to go long in Index rather than individual scrip. A gap up above yesterday's high is bullish sign.

I look for the target of 9872 and 9903 in spot level. If I am able to get nifty future around 9830 level, I will buy at 9.15 am itself.  If I am able to get Bank nifty around 24120 level in future I will buy and look for the target around 24270, 24370 levels.

Individual scrip I look to buy ICICI bank around 295 levels in future for the target of 299, 303.

Good Luck

POSITIONAL CALL - BUY ICICIBANK

21-8-2017 - 11.10 AM

BUY ICICIBANK - CMP 296.50 - TGT 315-325-340. (Time frame till Sep expiry).  STOP 284.5

Good Luck..

BANK NIFTY TRADE PLAN FOR THE WEEK - 21-24 AUG.

21-7-2017 9.00 AM

BANK NIFTY WEEKLY CHART

Bank Nifty weekly spot Data

I am looking the weekly pivot point 24142 in spot, it should trade above that point and get support around this point for the week, will take banknifty to 24600 levels. 

Bank Nifty resistance at 24330 spot level.  and support around 23750 level for the week.

There is no predetermined trade setup in the banknifty.  Look to buy below last week low may favor risk reward ratio.

Good Luck.

Yours 

Zen Trader

Nifty Trade Plan for the week - 21-24 Aug.2017

7.00 pm 20/8/17.

NIFTY WEEKLY CHART

There is big sell candle happened in the August 2 week,  Nifty managed to stay above the previous week low.  Now this week, Nifty resistance placed at 9930 levels and support seen at 9730 levels.

Nifty spot level weekly data.

I am planning to buy 9900 CE around Rs.10/- CMP 68. Expect nifty to move back to 10000  levels in the last week of  expiry.

Till that time, if there is any 40 -50 points correction in the nifty on intra day basis , I look to buy NIFTY and take the profit at the end of the day.

Let see...

Good Luck
Yours
Zen Trader..

Nifty and Bank nifty View 17/8/17

7.00 AM - 17/8/17.

Nifty moved up smartly yesterday with nearly 130 points range, Today a gap up open (above previous day high) will be highly bullish.

Even 30 points correction looks a buy signal in Nifty .

Bank nifty gap up open above 24510 will be highly bullish,  since it is weekly expiry,  even 25000 can be expected due short covering in calls. 

Some good interest seen in PSU banks yesterday at lower levels, if today buys comes, they will come back to lime light for this month and next month.  watch the space for gains.

Lets see...

Good Luck...

STRATEGY - BIG CANDLE -BULL/BEAR

13-8-2017 - 6.47PM

Tomorrow Trading Strategy - BIG CANDLE - BULL/BEAR

HOW TO TRADE THE SCRIP.

GAIL AND POWERGRID, if tomorrow the scrips opens above 373.5 and 220.5 ( 11/8/17 - day's high) respy. Buy at the opening itself that is 9.15 and close at the end of the day or look for +1.8% profit.

HINDALCO, M&M, SBIN ZEEL, IF tomorrow the scrips opens below their lows shown in the above table.  SELL at the open and close the trade at the end of the day or look for  -1.8% gain from the sell price. 

Good luck..

Yours 
Zen Trader

A Path in a traders life

Read Malai Hari's answer to How do I become a professional trader or investor from a beginner? on Quora

What I learnt from Market this Week. Aug 7 - 11, 2017

11 Aug 2017. 6.01 PM

Shorted Nifty at the right point 10112 but booked profit earlier. and also Bank Nifty put  booked profit earlier. The 28400 PE went from 47 to  600 not captured the full profit. When I buy that Put I have written to carry the PUT till weekly expiry, but not followed.

In the month view about Nifty and Bank Nifty, I feel PSU banks is going to correct heavily and  look to buy some puts,  but changed the direction in mid week and bought some calls and ended up in loss.  This is really avoidable one. 

I have missed the opportunity to short the market. since I feel this month is going to be cool of month, as said in the monthly view.

I feel this week low is very important for the market, If this low hold for the rest of the month, there is high chance that we will not break this low for the year 2017.

Let us hope for the best.

Yours

Zen Trader.

BOOK PROFIT IN ICICI CALL 295 CE

Friday, 11 Aug 2017 1.55 pm

I have book profit in ICICI bank call bought at 3.80 at 5.00 .

Have a nice day

Stock CE option - Buy call in ICICI Bank.

Friday. 11 Aug 2017.

Since Market is volatile mood, I prefer to take option  route to trade the market. I am seeing a good opportunity in ICICI BANK.

CMP : 285.50  FUTURE : 287.5  295 strike CE : 3.85. I bought this lot and hold with a stop at Re.1.

I will fix the target according to movement in cash price.

Good Luck

Have a great Day.. 

Don't Think it is Black Friday - It is Buy Friday.

Thursday Aug 10 10:20 pm

Tomorrow going to be BUY Friday not Black Friday.   Lot of volatility expect from the market.  9550 is the next weekly support. 20 WMA. 20-weekly moving average if there is huge sell off taken place. my hope this will not happen tomorrow.

If there is a gap down more than 100 points, I look to  buy Nifty at  9720 spot level.  I don't have any theory to validate my view, but bull market never give up so easily.

Let see.
Good Luck...

TATA GLOBAL AND SYNDICATE BANK OPTION CALL

Thursday 3.10 pm

Tata Global cash call - 160 stop loss triggered , exit in loss, bought at 169.

Syndicate Bank option call - booked loss exit at 0.60 bought at 1.30.

Not a good trade to keep the memory,  Lesson learnt.

How to trade Market Today - 8/10/17

Thursday. 8.00 am.- Aug.10.

NIFTY SPOT CMP - 9908. BANK NIFTY SPOT CMP 24374

There is no positive clue from world market, even Asian market today are in red.  If we analysis our Nifty, I am closely watching 9888 which will act as support today.  Weekly expiry on Bank nifty will create lot of confusion on Bank nifty trade.

Banknifty 24400 PE 10 Aug expiry LTP is 94, if Bank Nifty  opens below 24300 today, then there will be more downside for banknifty. 24160 will be next support. Keep an eye on 24400 PE to know what is happening in Banknifty.

Nifty next support is around 9800.  I don't want to look beyond 9800 as of now, and  I don't want to make myself into panic state.

Let we keep our analysis simple, too much analysis taken us no where.  The pivot point in Nifty spot is 9920 for today trade, let we see if Nifty trade above this level to arrest the selling pressure.

Good Luck..

Yours
Zen Trader

STOCK OPTION CALL.

WEDENSDAY, 11.26AM,

Syndicate Bank - cmp 69.15 - 72.50 CE - 1.30. Bought one lot @ 1.30.

PNB - CMP - 148.50  155 CE at 3.80 , Bought one lot @ 3.80.

Good Luck
Yours - Zen Trader

Buying Seen in PSU Bank Scrips

Wednesday 11.20 AM.

I am seeing some good amount of buying seen in PSU Banks,  SBI , BOB and PNB

Syndicate, ALBK in mid caps.

Let See ...

How to Trade Today - 9/8/2017

Wednesday, 8:00 AM,

Good Morning to all,

Lot of traders expect including me, the US will end positive that makes cushion for Indian Market to open gap up and to take the trade from there,  Since US market end up in red, not deep red, so our market will not able to open in the green ( sgx indicates red open),

As 20 DMA is stand at 9950, Yesterday's  low will be more important, may be some noise around that point , will drag index down another 20-30 points.

I want to look at the volume in the future nifty,  if it is low compare to average daily volume, then there is chance we can hold today,

But one thing is sure,  what ever downside market gives is it going to be good opportunity for long built up, but traders should keep in mind money management,  just a week down in index, will not make them to cut all the position due to over leverage.

Let we see the live market and discuss the same.

Good Luck...

Yours
Zen Trader.

BOOK PROFIT IN BANK NIFTY PUT AND NIFTY SHORT

I have closed the Nifty short at 10062 and Closed the Bank Nifty at 172.  I have bought at 46.  and shorted nifty at 10112.

Happy Trading.

Zen Trader.

Option Calls in Bank Nifty

I have bought 24800 PE 10th Aug expiry at 47 to hold until expiry i.e, up to this Thursday.  The reason to take this call as Nifty is looking bearish to me, so i  take a small risk in Bank nifty, if my view is correct, then it is going to be good profit.

Let See. Good Luck..

SHORT CALL in Nifty50

I have shorted Nifty future at 10112 with stop at  10200 looking for the Target 10000.

The reason to take the short call is simple,  I taught the last month high of 10114 can be easily taken today's trade, but it is failing to trade above 10114 in spot level.  I think it is good enough to favor the short call in Nifty.

Let See..

Buy call from weekly watch list

Tata Global - Buy at 169 ( cash market ) stop  160 Target 174- 182 for this series.

Good Luck...

WATCH LIST FOR THE WEEK 7 - 11 AUG 2017

The below scrip we will watch for the entire week to trade.

The above scrip is pull back from its recent high,  Trading above PVT point is bullish. 

Exact Trading method will be updated on watching the live movement of the scrip for the week.

Mostly I look to buy the above scrip if it crosses the PVT point.  If PVT point is below the close price, I will look if PVT is holding to go long.

We have sorted out the weekly watch list and we will look the live daily / hourly chart for long/short calls.  I always prefer to check option data to validate my buy/sell call.

Let see what we are going to learn for this week.

Happy Trading

Yours 

Zen Trader

BANK NIFTY WEEKLY ANALYSIS

BANK NIFTY AUG (7-11) PLANNING.

RBI rate cut does not moved bank nifty, since it is already priced in, the week closed with 16 points gain only. For the coming week, Bank nifty resistance placed around 25200 and support standing around 24650.

Last week PSU banks not performed well, but they managed to close some what okay level,  I mentioned last week it is do or die week for PSU banks, they fairly managed,  This week I am positive on large PSU banks esp. SBI and BOB.  Friday, 11th Aug Result for SBI and BOB. AxisBank  may surprise this week by moving up.  Icici bank looks soft.

Kotak bank corrected last week, this week it will bounce back, Yesbank will move up this week,  Indusind and HDFC banks looks good, there is no visible of correction.

If we look at past trading style, Index is comfortable to move from -0.5 to + 0.8 or from + 0.5 to - 0.50 rather than moving 1% up or down. 

Buy on dips is the Plan,  Calls can be taken on daily basis rather than positional. 

Hope for the best.

Yours,

Zen Trader.

NIFTY INDEX WEEKLY ANALYSIS

August - 7 to 11 - 2017

Above data shows, Nifty is having good support at 10000 spot level for the coming week. Nifty resistance placed at 10170-10180 spot level.  Average 5 days last week volatility is 74 points. Monday gap up open may take nifty to new highs.

EU and US weekly index showing strength for the coming weeks.

Buy on dips around 10000 spot level in the index will be good, but Monday we can't expect Nifty to come down 10000 levels, if it goes up and touched 10200 and if it comes back to 10000 in the latter part of the week is not a buy a signal.

It is wait and watch trade for Nifty.  Looking for individual scrip seems good idea for the week.

Taking calls on daily basis is good idea for Nifty, since the last week range is 150 pts, we may see the same kind of week, may be 180 - 200 points week.

I think we covered all valid points for the week.

Hope for the Best.

Yours

Zen Trader.

SBI - BUY CALL -4/8/17 TRADING DAY.

State Bank of India. - BUY CALL

BUY  SBIN - CMP -300.65.  stop 297.8  target 307 Intra day,

Those who want to carry the position can look for target around 315 levels.

Good luck...

The selection is based on the Indicator see the sell cross over, this is pull back buy signal, if yesterday low is supported for the next day ( ie tomorrow 4/8/17)

Let see...

FOLLOW UP POST ON PSU BANK

Previous post, I have written. this week PSU Bank going to correction, as expected PSU banks as of now down more than 5 - 8 % for the week.

I have booked profit in the put option of some of the PSU banks.

They all  moved  below last month low.,  except SBI..

May be some buying will come in the middle of the next week..

Good Luck