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Elliott Wave Cheat SheetAlthough Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better. Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent wave. At the same time, please use discretion while following this cheat sheet as this sheet covers only the basic aspects of Elliott Wave principles. Keep (l)earning and keep sharing!!
NSE:NIFTYEducation
by MalayKJ
3
Defined Risk Strategy on CHPTThe Biden administration approved the first $900 million (of $5 billion) in spending for EV charging infrastructure, sending stocks like QS, BLNK, FSR and CHPT soaring with the announcement and then neutralizing today. The 50 and 100 EMA's crossed, which some might say is a buy signal, but the RSI tops are sloping slightly down -- uncertain if it will trend down briefly. Here's how I'm defining my risk, sacrificing a bit of upside for downside protection. This makes up to 22% (35% annualized) while also cushioning ChargePoint from a fall of up to 46% (to below $9.81, through 5/19 next year) before my investment breaks even. Hedged options: Buy 1 $18 call Sell 1 $22 call Sell 2 $10 puts Exp 5/19/23 Capital Required: $1994.64
NYSE:CHPTLong
by oliveinvest
KR SHORT IDEANYSE:KR KR made a big move this week after the Q2 earnings call. I believe that it is now overextended. On the 15-minute chart, the big price action is seen. However, the RSI indicator shows a flat relative strength suggestive of bearish divergence. The Mass Index peaked out over 27.5 and is now dropped below is the suggested trigger for a reversal of 26.5 Trading volume is about 250% of the average on Friday overall while concentrated on the early morning rapid trend reversal and late afternoon profit taking. I will look to capitalize on a quick downtrend correction with a put option with 5DTE below the current market price for maximal return albeit with the added risk of time decay.
NYSE:KRShort
by AwesomeAvani
1
How do crypto options contracts affect the market?Hi Friends Today we will explain the option contracts affect on crypto and other markets. First lets see whats an option contract? Options are derivative contracts that entitle the purchaser to buy or sell the connected asset at a predetermined price before the contract expires. There are two types of options , call and put. The right to buy is known as a ‘call’ option, whereas the right to sell the underlying asset is called a ‘put’ option. Every options contract comes with a specified expiry date which is the last date for settling the contract. The price at which the options contract is settled is called the strike price . This is the price at which the options contract owner is allowed to buy/sell the underlying cryptocurrency. The price at which an options contract is bought is called the premium . Now, when would you buy a cryptocurrency? Obviously when it is trading at a price that is lower than it should be,right? This means that you find it to be undervalued and you expect its price to rise in the future so you can sell higher and make money. But what if the crypto price fell instead? Wouldn’t it be nice if somebody would still buy the cryptocurrency from you at a higher price? For that you would require selling rights of the cryptocurrency and you will buy a put option. Now on the flip side when would you sell a cryptocurrency? Of course, when you think that it is trading at a price higher than it should be. This means that you find it to be overvalued and expect it to fall from here. But what if the price of the cryptocurrency rose instead? You would then want to add more crypto at a lower price and sit on assets that are valued higher than your purchase price. For this you would need buying rights or a call option. Since options allow traders the right to buy/sell assets at a predetermined price they shield them from the volatility of the crypto markets. Moreover the volume of the call or put options in the market signals the direction in which investors expect the markets to move. More put options indicate that investors expect the markets to fall whereas more call options indicate that investors expect the market to rally. Now when the option contracts are near their expiration date, large players try to drive the underlying crypto price into a favourable range depending on the option contracts they have purchased. This is done so that the deal can become profitable. In summary: Buying a Call (Long) = Bullish -----> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. Selling a Call (Short) = Bearish -----> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Buying a Put (Short) = Bearish ------> you think the crypto will be worth less later so you want to lock in todays price to sell later at a profit. Selling a Put (Long) = Bullish --------> you think the crypto will be worth more later so you want to lock in todays price to buy later at a profit. I hope you enjoy this education please share me your opinions in comments. thank you all specially @TradingView team
CRYPTOCAP:BTCEducation
by TraderAmin-KZ
Options Strategy on FTCHUK-based luxury e-tailer Farfetch last made headlines at the end of August when it announced plans of major stake acquisition in Yoox Net-a-Porter YNAP. Advancing ambitions to create one leading major platform for high-end brands and sending both stocks soaring, the deal is expected to close by the end of 2023. A few days ago, Morgan Stanley increased the price target of FTCH from $30 to $32 but also gave it an Overweight rating. Retail is also facing issues, though luxury retail moves differently. Here's my bullish options strategy on FTCH that makes up to 15% (26% annualized) while protecting my investment from up to a 57% drop in price. Buy 1 $10 call Sell 1 $12 call Sell 3 $5 puts Exp 4/21/23 $1480.30 required to invest.
FLong
by oliveinvest
IS Nifty 50 TRADING NEAR MAKE OR BREAK LEVEL ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. Nifty 50 view & possibilities for near future ? Nifty is trading near make or break level ? Please do share your views. Many thanks. Wish you very profitable trades in Nifty
NSE:NIFTY
by manishmgupta
Nifty levels & strategy for 05/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty closed flat & closed by just -3.35 points. PCR shifted from 0.89 (bearish zone) to 0.80 (bearish zone). Trading in Nifty was easy & predictable. Nifty has followed the technical setup and gave opportunities to bulls as well bears and finally closed flat. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is up by 120 points. Bank Nifty remained sideways for most of time. PCR shifted up from 0.84 (bearish zone) to 0.91 (bearish zone). Call side OI is daily shifting up & down. Let us see when 38000 will be challenged amid ongoing global issues. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 38000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels till it is trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 02/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 01/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA , VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA , VWAP levels. Bank Nifty continued moving up after initial gap-up . Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels with strict SL? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL (Trailing stop loss) and timely exit with market SL (stop loss) & not your own SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 01/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA, VWAP levels. Bank Nifty continued moving up after initial gap-up. Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA, VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL and timely exit with market SL & not your SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
TSLA Bulls holding their groundWe have witnessed the battle that has left this stock range bound. Well the rest of the market has been the same. Yet TSLA investors showed no extra bias after the TSLA stock split. Bulls piled up at the $290 mark and managed to hold price from falling further, creating yet another Higher Low $314 and $324 might be in the Horizon for this stock, yet due to market conditions I would not venture further than that considering it will be pushing up against a dynamic Bearish trend line if it manages to cross the $328 mark. Just stay sharp. If TSLA loses that $290 mark then I guess you know.
NASDAQ:TSLALong
by JP_Tru
4
Nifty Levels & Strategy for 30/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by -6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. India VIX has jumped up by 8.83%. Crude started boiling again. US Dollar & US 10Y bond yields are maintaining at quite high level. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Bank Nifty Levels & Strategy for 30/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by 6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
2
VET is pumping profits LONGVET like OXY is showing a great chart with consistent price action. Fundamentally, it has had great earnings reports in the past year. It rates an 8/8 on the Minervini Trend scale showing strength and duration of trend as very high. Vermillon Energy has been strong in the general market downturn. I see this as a Swing long setup with a good expectant reward for the risk assumed. I am considering the call strike $30 option for September 16th.
NYSE:VETLong
by AwesomeAvani
2
Bank Nifty Levels & Strategy for 29/08/2022 and new few daysDear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. Global cues are clearly negative. Dow Jones has closed with sharp cut of 1000 plus points and Nasdaq with 500 plus points based on outcome of Jacksone Hole meeting. Market sentiments became negative. BANK NIFTY Bank Nifty is up by 36 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Bank Nifty trader firmly and sideways throughout the day Last hour sharp selling/volatility gave opportunities to bears as well as bulls. PCR stayed almost at same from 0.66 to 0.67 which is clearly in bearish zone. Highest open interest on call side at 39500 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) NIFTY Nifty is up by 36 points. However, Nifty closed near day’s low, below 20 EMA, VWAP levels. Market was stable for most of the day on Friday but we have seen fear & high volatility in last hour. PCR shifted slightly below from 0.76 to 0.73 which is clearly in bearish zone. Highest open interest on call side at 17700 (Shifted down from 18500 to 17700) Highest open interest on put side at 17000 (Remained same at 17000) Shall we expect downward trending market on Monday based on Jackson Hole meeting outcome? Shall now look for only sell on rise opportunities till global market sentiments remains negative? Shall we expect decent profit booking after significant one way relief rally which almost became bull run now? Please do share your comments. Have a nice weekend and wish you happy, healthy & profitable Monday!
NSE:BANKNIFTYShort
by manishmgupta
4
Nifty levels for 26/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2