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

Trading Strategy

Read Malai Hari's answer to What is the simplest Intraday trading strategy? on Quora

Nifty and Bank Nifty Index View.

As of now, 10700 looks good support and 26100 in Bank Nifty shows there is buying interest.  The Market can able to climb high and try to touch 10880 -10920. 

Don't try to short every 30 points in nifty / bank nifty wait for another one attempt towards 10900 and  26800 levels in the index.

Try to exit longs at the end of the day. since the chart formation not yet showed, the yesterday low will be touched in the following days.

Let us wait.

ZT 

#Bank Nifty - Buy around 26100-26120 spot Level

Buy Bank Nifty spot level 26100 - 26120 for a bounce up to  26300. stop 26000

Jackpot call option in Bank Nifty call - 26200 CE -  buy at Rs.7,  Now CMP 21.

Let the market decide the Target at the close...

ZT

#Nifty -cover nifty short @ 10725

Yesterday Short given at 10780, close now 10725

ZT

Intermediate High formed in #Nifty 10920 level.and #BankNifty around 27000

Yesterday High of 10920 level looks like intermediate High.  Use bounce to get out the long position and create some short in Nifty and Bank Nifty.

Nifty has to consolidate for the next few months and it looks to grind lower.

Even if Nifty try to cross above 10920, holding above for few days,  it will be really tough  to stay above that level as per the charts formed now.

Take Long calls only for intra day only, and try to sell for 2/3 days position, to make good  full use of the swing.

Let see

ZT

SELL NIFTY AT 10780 future

SELL nifty at 10780 future

Target 10715

ZT

SELL NIFTY AND BANK NIFTY FOR INTRA DAY TRADE

SELL NIFTY  around 10815 -10810 in spot level for the target of 10765 -10724 spot level stop 10860

SELLBANKNIFTY around  26450 level in spot level for the target 26100 level , with stop at 26580. 

ZT 

How to approach trading towards Karnataka Polls.

As of now Nifty and Bank nifty reached some good resistance area. 10775 - 10800 and 26100 respectively.

Exit poll result will be on 12 May and it have effect on 14th Monday trade
15th may is Result date -  going to be high volatile  day.

Market need some story to correct, if BJP wins, sell on news,  if BJP defeated,  Market not priced in, it will come down.  Which ever way it goes, Profit booking will come at the end of the day.  (15th May).

So upto 11 May trading Intraday is good,. and  14th and 15th - Gaps to be traded on opposite side.

Book profit in Longs on or before Friday. 

Let see

ZT

Metal stocks are bouncing ? sell/buy

Can we short metals stock,  Tatasteel, Hindalco, Vedl, Jindal steel,   I feel it is time to talk calculated risk,  the bounce look like dead cat bounce, if nifty sell off, the first one will come down is metals. 

I feel ,  it is not adivse to go long as of now,  but shorting can be done in the metal counter through put option.

ZT

Nifty fut moved upto 10721, but hold short -

Nifty spot level 10700 should be taken to close the short trade..

zt

SELL CALL IN NIFTY

SELL NIFTY AT 10686 STOP 10721 TARGET 10606.  LOOK SPOT LEVEL 10575

NIFTY and Bank Nifty view.

Nifty given the swing trade sell signal, but Bank nifty is managed to be in bullish sign, Today Nifty 10660 spot levels is very much important .  A bullish candle which is able to go past 10700 and close above will be good for bulls, otherwise,  there will be pressure in the downside.  Bank nifty should hold the 25530 levels to stay bullish.

How to trade:

Gap open above 10660 levels is spot is no trade zone. 10610 yesterday low will play major role in bulls strategy, they try to buy as long as Nifty stop trade above 10610 - 10600 or around that level.  To short Nifty 10700 in spot is best place without any fear of loss. and In Banknifty around 25750 spot levels can place short without any fear.

The below scrip can be watched for today..

WATCH LIST - LONG/SHORT REVERSAL / FOLLOW UP
Security Name	OPEN	HIGH	LOW	CLOSE
ADANIPORTS	401.95	409.60	391.30	408.25
INDUSINDBK	1878.50	1898.00	1870.30	1891.15
SHORT CANDLE/ LOOK FOR REVERSAL BUY / FOLLOWUP SHORT
Security Name	OPEN	HIGH	LOW	CLOSE
ASIANPAINT	1212.00	1212.00	1178.10	1190.45
AXISBANK	533.90	533.90	519.05	520.30
BAJAJ-AUTO	2985.00	2986.00	2885.00	2888.65
CIPLA	612.10	612.45	595.50	597.00
ITC	287.00	287.00	275.85	277.15
M&M	864.95	868.50	852.35	854.30
NTPC	174.20	174.20	170.60	170.90
SUNPHARMA	530.00	533.00	516.40	517.95

How to use Stop for different Entry Setup

BUY RELIANCE AT 955 STOP 948

BUY RELIANCE AT 955 STOP 948
TGT  974.

ZT

BUY TCS AT 3485 -3490 SPOT LEVEL

BUY TCS AT 3485-3490 LEVEL TARGET 3530 -3560 LEVEL
STOP 3465

ZT 

EXIT BANK NIFTY AND NIFTY SHORT.

EXIT NIFTY AT 10670 AND BANK NIFTY AT 25640

ZT

SELL BANK NIFTY AT 25700 - GAP DOWN TOMMORROW

SELL BANKNIFTY AT 25700, EXPECTED GAP DOWN AROUND 26560 LEVEL.


ZT

CALL update - ON SUNPHARMA - GIVEN 29/4

SUN PHARMA has taken support around 510 and moving 540 levels , may move up to  555 levels

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Sell Call - TITAN - SWING TRADE

SELL TITAN AT 963 SPOT LEVEL.  EXPECTED TARGET 915.

WITH STOP AT 982

ZT

NIFTY STOP HIT AT 10746 , SHORT NIFTY AND BANK NIFTY SWING TRADE

SHORT NIFTY AND BANK NIFTY  AT 10742 FUT AND 25615

STOP 10810 FOR NIFTY AND BANK NIFTY 25800.

ZT...

BUY NIFTY SPOT LEVEL

NIFTY CMP 10744 SPOT LEVEL - STOP AT 10718 SPOT LEVEL FUT LEVEL-10768

TARGET HOLD TILL END OF THE DAY.

ZT

TATASTEEL STOP HIT - EXIT

TATASTEEL STOP HIT AT 586 AND OPTION CALL 620 AT 9.3.

-ZT

TATA MOTOR CALL TARGET REACHED

TATA MOTOR CALL REACHED THE TARGET.


ZT