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BANK NIFTY INTRADAY LEVELS FOR 09/09/2024BUY ABOVE - 50740 SL - 50600 TARGETS - 50890,51000,51170 SELL BELOW - 51420 SL - 50600 TARGETS - 50250,50100,49880 NO TRADE ZONE - 51420 to 51540 Previous Day High - 51400 Previous Day Low - 50420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
NIFTY INTRADAY LEVELS FOR 09/09/2024BUY ABOVE - 24960 SL - 24910 TARGETS - 25020,25080,25130 SELL BELOW - 24860 SL - 24910 TARGETS - 24800,24740,24700 NO TRADE ZONE - 24860 to 24960 Previous Day High - 25150 Previous Day Low - 24800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 06 SEP 2024BUY ABOVE - 51550 SL - 51400 TARGETS - 51750,51880,51990 SELL BELOW - 51400 SL - 51550 TARGETS - 51260,51120,51020 NO TRADE ZONE - 51400 to 51550 Previous Day High - 51550 Previous Day Low - 5100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 06 SEP 2024BUY ABOVE - 25190 SL - 25130 TARGETS - 25240,25320,25400 SELL BELOW - 25130 SL - 25190 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25190 Previous Day High - 25240 Previous Day Low - 25130 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 05 SEP 2024BUY ABOVE - 51470 SL - 51260 TARGETS - 51600,51750,51880 SELL BELOW - 51260 SL - 51470 TARGETS - 51120,51020,50890 NO TRADE ZONE - 51260 to 51470 Previous Day High - 51470 Previous Day Low - 51260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 05 SEP 2024BUY ABOVE - 25240 SL - 25180 TARGETS - 25320,25400,25470 SELL BELOW - 25180 SL - 25240 TARGETS - 25130,25080,25030 NO TRADE ZONE - 25180 to 25240 Previous Day High - 25240 Previous Day Low - 25080 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Friday’s SPX Options Chain Already Priced in Today’s DropToday’s sharp 2.2% SPX decline wasn’t a surprise for those who looked closely at the options metrics after Friday’s spot price fakeout . Ahead of the long weekend, market participants priced in the downside with both short- and long-term options . BEFORE TODAY OPEN Put options were nearly twice as expensive as calls at equivalent Expected Move distances before Tuesday's open! BEFORE TODAY CLOSE While today’s drop has led to some call skew on weekly options, suggesting a short-term rebound , the long-term bearish sentiment remains intact. Key unemployment data this week will be crucial for the market’s next move. If you'd like to see the option chain metrics in your charts, be sure to check out our free demo script here:
SP:SPXEducation
by TanukiTrade
BANK NIFTY INTRADAY LEVELS FOR 04 SEP 2024BUY ABOVE - 51750 SL - 51600 TARGETS - 51880,52140,52400 SELL BELOW - 51600 SL - 51750 TARGETS - 51470,51260,51120 NO TRADE ZONE - 51600 to 51750 Previous Day High - 51750 Previous Day Low - 51260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
7
NIFTY INTRADAY LEVELS FOR 04 SEP 2024BUY ABOVE - 25320 SL - 25240 TARGETS - 25400,25470,25530 SELL BELOW - 25240 SL - 25320 TARGETS - 25200,25180,25080 NO TRADE ZONE - 25240 to 25320 Previous Day High - 25320 Previous Day Low - 25240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
MID CAP NIFTY - Target 3 done! Target 4 on the way?After getting a clear CE Buy side entry at 13,131 Mid Cap Nifty (MIDCPNIFTY) has hit the profit target 3 of this trade. The reason why a lot of people lose in Options trading is because of lack of strategy and descipline. There are time when Iam seduced to trade in 1m and 5m time frames because of crazy trade setups. Ive made this mistake earlier in my trading life - FOMO and emotional imbalance (lol). Now, for me Options trading is 15m time frame and this setup works pretty decent. So, enjoy your profit and good luck! Do follow for more charts and inspiration. Namaste!
NSE:MIDCPNIFTY1!Long
by ProfitsNinja
BANK NIFTY INTRADAY LEVELS FOR 03 SEP 2024BUY ABOVE - 51470 SL - 51260 TARGETS - 51620,51750,51880 SELL BELOW - 51260 SL - 51470 TARGETS - 51120,51020,50890 NO TRADE ZONE - 51260 to 51470 Previous Day High - 51470 Previous Day Low - 51260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 03 SEP 2024BUY ABOVE - 25320 SL - 25260 TARGETS - 25400,25470,25530 SELL BELOW - 25260 SL - 25320 TARGETS - 25300,25130,25080 NO TRADE ZONE - 25260 to 25320 Previous Day High - 25320 Previous Day Low - 25260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 51470 SL - 51260 TARGETS - 51620,51750,51880 SELL BELOW - 51260 SL - 51470 TARGETS - 51120,51020,50890 NO TRADE ZONE - 51260 to 51470 Previous Day High - 51470 Previous Day Low - 51260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 25260 SL - 25200 TARGETS - 25320,25400,25470 SELL BELOW - 25200 SL - 25260 TARGETS - 25130,25080,25030 NO TRADE ZONE - 25200 to 25260 Previous Day High - 25260 Previous Day Low - 25200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Opening (IRA): SPY August 30th 486 Covered Call... for a 481.76 debit. Comments: Re-upping in SPY in slightly longer duration, but with the short call at about the same delta as the one I took off, resulting in a lower buying power effect and break even with the primary goal being to milk a little more out of August before moving onto Sept. Again, un-sexy metrics as a standalone trade: Buying Power Effect/Break Even: 481.76 Max Profit: 4.24 ROC at Max: .880% 50% Max: 2.12 ROC at 50% Max: .440%
AMEX:SPYLong
by NaughtyPines
Opening (IRA): SPX Oct 18th -5590P/Nov 15th 5590P Calendar... for a 30.15 debit. Comments: Opening a calendar here at or near ATH's and in (fairly) low IV. Selling the front month 40 delta put and buying the back month same strike put. I'm indicating that the setup is bearish, but it's starting as basically neutral from a delta standpoint with the metrics being .08 long delta/13.22 theta, but will benefit from movement into the put strikes, as well as any accompanying IV expansion that occurs. Peak profitability of this setup generally occurs when the stock price falls to the strikes near the expiration of the short option, but calculating the max profit is impossible due to the expiration of the short put leg before the long put leg coupled with any rolls of the short put that might be undertaken to reduce cost basis of the setup. Conversely, max loss starts out as what you paid to get filled for the setup, but you'll generally have a few rolling opportunities of the short put to reduce cost basis further in the event that it doesn't hit your take profit before the short put reaches expiration. Here, I'll look to money/take/run at 10% of what I put it on for and look to roll out the front month on approaching worthless to the following week to reduce cost basis in the setup.
SP:SPXShort
by NaughtyPines
Managing Oil Price Uncertainty with Micro WTI StraddlesYou cannot predict the future, but you can prepare for it. This is even more true for crude oil prices. Forces driving and pulling back oil prices are in full play in parallel at the same time. Oil prices remain at the risk to both the upside and the downside concurrently. Take this week as an example. WTI prices started with a rally extending a three-day uptrend of >7% following Fed’s hint at rate cuts plus heightened tensions between Israel and Hezbollah. The rally reversed as tensions eased. Crude oil prices crashed 3.8% over Tuesday & Wednesday on fears of feeble demand. RATE CUTS AND GEOPOLITICAL TENSIONS DRIVE OIL PRICES HIGHER The US Federal Reserve Chair Jerome Powell has signalled that the time to pivot was about now when speaking at the Jackson Hole Symposium last week on 23/Aug. This boosted optimism for oil prices, fuelling a rally reversing a price slump caused by weak Chinese economic data and disappointing US payroll revisions. Chair Powell’s remarks lifted market sentiment, leading to gains in oil prices and the dollar weakening. A feeble dollar makes oil cheaper for non US consumers and can help increase demand pushing up oil prices. Source: CME FedWatch Tool According to CME’s FedWatch tool , there is a 67.5% likelihood of a 25 basis points (“bps”) rate cut and a 32.5% chance of a 50 bps rate reduction at the September FOMC meeting. Sadly, the tensions in the Middle East continue to prevail. Last weekend, Hezbollah launched rockets and drones into Israel, prompting a swift response from Israel's military, which deployed around 100 jets to prevent a larger attack. Adding to these factors are disruptions in oil production in Libya and Colombia. The easing of tensions between Hezbollah and Israel reduced supply fears, with some speculating that Iran might view Hezbollah's missile attacks as sufficient retaliation. Despite easing tensions, supply concerns persist in Libya threatening to reduce oil production by 1.2m bpd. WEAKENING DEMAND AND OVER PRODUCTION COULD PULL OIL PRICES BACK Concerns over weak oil demand from China, a global economic slowdown on the horizon, and elevated Russian crude production is keeping oil prices under check. Russia has exceeded its OPEC+ production targets since March, leading to excess supply that is undermining the impact of OPEC+ production cuts and keeping prices low. Source: OPEC and IEA On Wednesday, the EIA reported a decline of 846,000 barrels in US crude inventories for the week ending 23/Aug, falling short of analyst expectations of a 2.7 million barrel drawdown. The market response to this smaller-than-expected inventory decrease was muted. Demand for crude and gasoline will soften as US summer driving season ends first week of September. Expectations of weaker US gasoline demand and lower refining margins have led several refiners to scale down their operations reducing demand for crude. The largest US refiner, Marathon Petroleum ( NYSE:MPC ), announced that it will reduce its refining capacity to 90% this quarter, the lowest for a Q3 since 2020. PBF Energy ( NYSE:PBF ) will lower its capacity utilization to a three-year low, and Phillips 66 ( NYSE:PSX ) will cut its capacity to a two-year low. Goldman Sachs and Morgan Stanley reduced their 2025 Brent crude forecast to USD 77/barrel and USD 75/barrel respectively. Reasons cited for reducing forecasts include weaker Chinese demand, higher inventories, oversupply from OPEC countries, and rising US shale production for the downward revision. HYPOTHETICAL TRADE SETUP Over the past two weeks, crude oil prices have been volatile for reasons mentioned above. Looking ahead, rate cuts in September, the ongoing crisis in Libya, and reduced US gasoline demand will fuel further uncertainty to oil prices in the near term. This is evident from rising WTI crude oil implied volatility. Earlier on 05/Aug it slid from its YTD high of 44.7 but has started to pick up again. Source: CME CVOL Establishing a directional position amid such uncertain backdrop is rife with risks. Long straddles using Micro WTI Crude Oil Options offer an effective way to capitalize on rising volatility. Straddles are designed to benefit from (a) significant price movements in the underlying asset regardless of the price move and (b) volatility spikes. Sharp oil price moves, and volatility spike are to be expected given the current context. Straddles provides “unlimited” profit potential combined with limited downside risk. A straddle comprises of two trade legs, namely, a long ATM call option combined with a long ATM put option. This paper posits a long straddle on CME Micro WTI options expiring on 17th September. Micro WTI options provide exposure to 100 barrels of WTI crude offering a smaller contract size and lower premium requirements. Based on 30/August market prices, this hypothetical trade set-up uses CME Micro WTI Crude Oil options expiring on 17th September and involves (a) Buying a 76 ATM Call, and (b) Buying a 76 ATM Put. The premiums for each leg and the corresponding option Greeks as shown QuikStrike Strategy Simulator are shown below for ease of reference. The straddle requires USD 1.91 per barrel in premium for the long call and USD 1.8 per barrel for the long put. In aggregate the straddle would cost USD 3.71 a barrel. Each CME Micro WTI Crude Oil option comprises 100 barrels which translates to a premium of USD 371 per lot. When Micro WTI Crude Oil futures trade past break-even points as shown in the chart, this straddle will deliver positive returns. • Lower break-even point: 76 - 3.71 = 72.29 • Upper break-even point: 76 + 3.71 = 79.71 However, at expiry, if Micro WTI Crude Oil Futures prices settle between USD 72.29 and USD 79.71 a barrel, this straddle will incur a maximum loss of USD 3.71/barrel or USD 371/lot. The straddle pay-off are summarized in the table below to augment the above chart, illustrating the potential P/L of this trade at a few settlement prices. MARKET DATA CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme . DISCLAIMER This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services. Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
NYMEX:MCL1!
by mintdotfinance
BANK NIFTY INTRADAY ANALYSIS FOR 30 AUG 2024BUY ABOVE - 51260 SL - 5120 TARGETS - 51500,51620,51750 SELL BELOW - 51020 SL - 51120 TARGETS - 50890,50740,50600 NO TRADE ZONE - 51020 to 51260 Previous Day High - 51400 Previous Day Low - 51020 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 30 AUG 2024BUY ABOVE - 25200 SL - 25130 TARGETS - 25260,25320,25400 SELL BELOW - 25130 SL - 25200 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25200 Previous Day High - 25200 Previous Day Low - 24970 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP