$BIDU going against the grain-RECAP🔸️Ticker Symbol: $BIDU timeframe: 4H 🔸️4X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: This alert was posted last night.. options ran 90% today!!
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Nifty Levels for 24/08/2022Dear 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 up by 87 points. Nifty closed above 20 EMA , VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone.
Highest open interest on call side at 18000 (Same as yesterday)
Highest open interest on put side at 17500 (Shifted up from 17000)
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs ( Bullish ):
FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts.
DIIs (Mild Bullish ):
DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts.
PRO ( Bearish ):
Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts.
CLIENT ( Bearish ):
Retail/ HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts.
Shall we continue to expect high volatility in next few days?
Shall we look for buy on dips or sell on rise opportunities?
Please do share your comments. Have a happy, healthy & profitable day ahead!
SPY Option Setup 4/15 - 4/19The market seems to be heading back into a bullish direction. Im looking for SPY to break $429, if this happens I will enter a Call and will be looking to take profit towards $437. If SPY doesnt break $429 and instead creates new resistance then I will be looking to see if SPY goes back into the $420 - $424 zone. If SPY enters that zone and breaks the $421 support then I will be looking to enter in a Put. If entered in the Put I would look to take profit around $412 - $415. Overall my biased is Long, I'm thinking Bulls are going to continue to take over the market and Calls will be in favor.
TSLA Idea Short Looking for a short-term play on TSLA retracement lower, however, I’m still bullish with projections around the 933.12 level, especially with Tesla unveiling the 3-for-1 stock split which had markets stock up 1.7%.
We will plan accordingly with whatever the market shows us and stick to our trading plans.
SPX (S&P500) - Trendline Support Test - Daily - PotentialSPX ( S&P500 ) is currently testing Trendline Support price above $3737.20.
SPX price could potentially bounce up from trendline support to the price targets above: $3894.86, $4000, $4100.
FOMC Statements & Press Conference policy changes could cause extra volatility this week and month for risk assets.
This would mark the 6th major time the SPX price has tested the lower trendline support line.
However, if trendline support Fails, price could eventually fall down to $3700, $3600, $3500 below.
Utilize stop loss, profit target, position sizing, and risk management.
All content is Not financial advice. Trade at your own risk.
Tomorrow nifty50 Today with a hug recovery in a market nifty were close in a buying position/in a bullish level after seeing this now for
tomorrow buy nifty 50 above 17400
Our target 17450 17520 17596
Sl 17360 we can't make any bearish level bcz for tomorrow our view for Market was bullish
But by chance market break 17350 level thn make bearish position target 17300 17265 17230
Sl 17390
Major levels marked....all I can say that I will keep my view bearish. can of some market sentiments as well as a major 38000 k resistance of over 30L contracts sold. so logically and including all others factors I will keep my bias bearish. for long I think we can only go long once market sustain 38000 resistance for a hour or so. nevertheless keep your RRR maintain traders.
best of luck for the boom expiry.
$SPY as Predicted (So What Now?)My previous post for us to break $400 on SPY happened this week. You can see the directional arrows I drew in the past which was my thesis in how I expected the market to move at that point in time.
Where do we go from here? Ideally looking for $SPY to test $415 before entering into a large play. I'm not looking for the market to crash the next day.
$TMUS ER Breakout and bullish flowTMUS since FEB's gap up on earnings has been grinding higher, with a nice pop today after ER on good volume
Option flow is pretty bullish, especially leaps on the 160C JAN 24 and JUN 23.
Personally I'm hoping for a retest of the breakout zone where I will go long i.e. BRB - breakout retest bounce - with 145 and 151 zone upside targets.
Post ER and Post Fed meeting so less risk IMO but I'd give this idea some time to work targeting SEP opex or later.
Buy the dip
Cheers
TSLA Technical Analysis July 26-29Today on TSLA we bounced at the 9EMA at 768.69. TSLA started trading above the 9EMA on July 14. My ZOOMOUT chart is on the 4h candles, ZOOM chart is on the 1h.
Based on support and resistance, this is a rough estimate of where the trend will follow with four possible outcomes for the rest of the week. Bullish, MID/Flat, and Bearish estimates.
I'm leaning towards a bullish stance for tomorrow. There were market sell offs after the last two FOMC meetings where interest rates were hiked, so be cautious of the possible bull trap.
Watch the VIX, watch volume and make sure you have your entries and exits planned. Good luck.
$SPY Target to $400+Scaled in LONGs at current levels a couple hours ago (per most recent TWTR post). I mentioned in my last post that we would see a move up. My aim is for $SPY to exceed $400+. I'm not bullish in the long-term, given the macro environment but will take advantage of a likely pump over the next couple of months. Will add more if SPY lowers (impossible to catch the bottom).
We hit $394 on $SPY after hours. Amazing!
UPDATE #3 When will NIO finally get going?I've been playing with NIO for almost a year now and seemingly very familiar with it's predictability. I haven't moved any of my lines on the charting above from the initial June post, just added in a few directional guesstimates (depending on good earnings). We broke below what initially appeared to be an ascending triangle, continuing to support my idea of a small entry at $17 and a few more nibbles down into $16
Important Nifty LevelsLooking at the EU and US markets, expecting NIFTY to trade in a very range bound market...
16700 ~ 16770 look to be good resistance zone (CPR resistance levels 16703)
16500 - 16500 look to be good support zone (CPR support levels 16561)
OI
a. Call writing is quite high at 17K, even 16.7K has good OI
b. Put writing at 16.5K has nearly 6 million contracts
20 delta iron condor for 28th July looks to be in good range, buying tighter hedges will improve the RR and is looking good to provide 3% returns