BANK NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 50250
SL - 50100
TARGETS - 50420,50570,50740
SELL BELOW - 50100
SL - 50750
TARGETS - 49880,49700,49530
NO TRADE ZONE - 50100 to 50250
Previous Day High - 50420
Previous Day Low - 49880
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.
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Optionsstrategies
NIFTY INTRADAY LEVELS FOR 09/08/2024BUY ABOVE - 24200
SL - 24110
TARGETS - 24270,24360,24440
SELL BELOW - 24110
SL - 24200
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24110 to 24200
Previous Day High - 24360
Previous Day Low - 24110
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 👍
RDUS Radius Recycling Options Ahead of EarningsIf you haven`t sold RDUS before the previous earnings:
Now analyzing the options chain and the chart patterns of RDUS Radius Recycling prior to the earnings report this week,
I would consider purchasing the 15usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $2.02 .
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CVX Chevron Corporation Options Ahead of EarningsIf you haven`t sold CVX before the previous earnings:
Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week,
I would consider purchasing the 145usd strike price Puts with
an expiration date of 2024-12-20,
for a premium of approximately $4.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NKLA Nikola Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of NKLA Nikola Corporation prior to the earnings report this week,
I would consider purchasing the 8usd strike price Puts with
an expiration date of 2024-8-16,
for a premium of approximately $1.09.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BANK NIFTY INTRADAY LEVELS FOR 07/08/2024BUY ABOVE - 49890
SL - 49700
TARGETS - 50100,50230,50400
SELL BELOW - 49700
SL - 49890
TARGETS - 49490,49290,49050
NO TRADE ZONE - 49700 to 49890
Previous Day High - 50780
Previous Day Low - 49700
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 👍
NIFTY INTRADAY LEVELS FOR 07/08/2024BUY ABOVE - 24130
SL - 24010
TARGETS - 247220,24360,24440
SELL BELOW - 24010
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 24010 to 24130
Previous Day High - 24360
Previous Day Low - 23900
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 👍
BANK NIFTY INTRADAY LEVELS FOR 06 AUG 2024BUY ABOVE - 50100
SL - 49890
TARGETS - 50250,50400,50550
SELL BELOW - 49890
SL - 50100
TARGETS - 49700,49530,49290
NO TRADE ZONE - 49890 to 50100
Previous Day High - 50780
Previous Day Low - 49700
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 👍
NIFTY INTRADAY ANALYSIS FOR 06 AUG 2024BUY ABOVE - 24130
SL - 23990
TARGETS - 247220,24360,24440
SELL BELOW - 23990
SL - 24130
TARGETS - 23900,23800,23740
NO TRADE ZONE - 23990 to 24130
Previous Day High - 24360
Previous Day Low - 23900
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 👍
BANK NIFTY INTRADAY LEVELS FOR 05 AUG 2024BUY ABOVE - 51500
SL - 51330
TARGETS - 51620,51750,51880
SELL BELOW - 51330
SL - 51500
TARGETS - 51120,50940,50780
NO TRADE ZONE - 51330 to 51500
Previous Day High - 51620
Previous Day Low - 51120
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 👍
NIFTY INTRADAY LEVE;S FOR 05 AUG 2024BUY - 24780
SL - 24710
TARGETS - 24850,24900,24960
SELL - 24710
SL - 24780
TARGETS - 24660,24590,24530
NO TRADE ZONE - 24710 to 24780
Previous Day High - 24850
Previous Day Low - 24710
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 👍
USDJPY: Bears still have the upper handHello everyone!
Currently, USDJPY is moving below the support level of 152.00 after a false breakout earlier (as mentioned on the 1D chart). The pair is currently struggling to hold the psychological level of 150.00, with the aim of retesting the breakout zone before falling further.
Accordingly, the bearish outlook for today is further boosted, in case the trend line is not violated yet.
$NVDA heading toward critical support / LONG ENTRY @ SUPPORT NASDAQ:NVDA shares have traded lower after touching on previous target ($!40) highs.
Expecting the potential for more draw-down to $95 - $97, which keeps us at the midline for trend support (bullish).
Eyeing long opportunities at that support level, with firm stop-loss below.
Expect volatility with the TVC:VIX exploding to $29+ in today's trading session.
I am long NASDAQ:NVDA with a $32 cost basis..
Currently holding 3/25 expiration $130 calls with a 20% ROI, so far.
Opened (IRA): TLT September 20th 89 Monied Covered Calls... for an 87.83/contract debit.
Comments: Parking some cap in TLT while I go about "summer things." Selling the -75 call against shares to emulate the delta metrics of a 25 delta long put while having built-in short call defense.
Metrics:
Break Even/Buying Power Effect: 87.83/contract
Max Profit: 1.07/contract (ex. divvies); 1.38/contract (with divvies)
ROC at Max: 1.22% (ex. divvies)/1.57% (with divvies)
50% Max: .53/contract (ex. divvies)
ROC at Max: .61% (ex. divvies); .96% (with divvies)
These metrics assume that I'm only able to grab one divvy (i.e., July). It's possible that I'm able to grab July and August or July, August, and September, which will naturally increase the ROC %-age, but will generally money/take/run at 50% max after at least the July divvy drops. And ... you never know ... It's also possible that TLT might not cooperate and move back toward my short call strike and voila, I've got a poo pile on my hands.
NF- XAUUSD - Market Expectations of a New ATH in 2024Hello dear traders!
In general, after yesterday's consolidation above the $2430 level, the price has rebounded, amid a stronger US dollar. Gold rebounded after data showed very narrow manufacturing activity, while US employment data highlighted a weak labor market ...
Accordingly, initial jobless claims increased by 14,000 seasonally adjusted to 249,000 in the week ending July 27. The number of jobless claims rose to the highest level since August 2023.
Therefore, the gold market has not been operating at full capacity as central bank buying and physical demand in Asia remain weak, it is expected that the gold market will continue to be interesting in the coming period and head towards a new ATH this year.
The focus is on new ATH today after the NF news was released. I expect the market to continue searching for new ATH this year.
Short-term levels to watch:
Resistance: 2470 - 2484
Support: 2443 - 2430
In the short-term, I expect the price to continue to correct from 2470 to consolidate before growing further. Gold is currently bullish (trend, sentiment and interest), so the nearest strong support level according to the Fibonacci tool 1.618 (2443) USD price could become a reversal zone for further strengthening. Potential target is 2483 - 2500 USD.
EURUSD: SELLHello everyone. Let's discuss and strategize today!
On the EURUSD impact factor:
EUR/USD remains firm above 1.0800, breaking a two-day losing streak in the European session on Wednesday. However, further upside momentum seems elusive, as traders prefer to wait for Eurozone inflation data and the Fed's policy decision before placing fresh bets.
On the EUR/USD fresh outlook:
Looking at the 1D chart, although the EUR/USD pair remains well supported as it is in a medium-term rising channel, it is currently showing signs of a downside correction. Against this backdrop, the 34 EMA and 89 EMA are converging, suggesting that the trend may shift from bullish to bearish. Accordingly, the recent candles showed a rejection at the resistance zone around 1.08718, which could lead to a short-term downtrend.
Resistance Level:
Resistance (SL) : 1.08718
Support (TP ): 1.07125
GBP/USD holds near 1.2850, barrier holds at channel boundaryHello dear traders!
GBP/USD retraced recent losses, trading around 1.2832 during Asian hours on Wednesday. Daily chart analysis shows the pair is in the narrow part of the descending channel, suggesting a consolidation phase or a possible reversal.
Technically, GBP/USD remains slightly below the downtrend line, currently at 1.2860, and the Relative Strength Index (RSI) indicator on the 4-hour chart remains slightly below 50, reflecting a lack of buying interest.
On the downside, 1.2830 (50% Fibonacci retracement of the latest uptrend) acts as interim support ahead of 1.2800-1.2790 (psychological level, 200-period SMA) and 1.2750 (static level).
EURUSD: Discount in price channelHello all dear traders!
Currently, EUR/USD is stable above 1,0800, losing the recovery momentum in the European session on Thursday. The US dollar found a place after the decline due to the decision of the Fed. Looking forward, the US ISM PMI data will be the highlight on Thursday.
Looking at the panoramic picture, the discount trend of this pair of money will return if it is still under EMA 34, 89 (1,0822).
The trend of strong increase and bright prospects_ XAU/USDHello everyone, today we will together analyze in detail the situation of the gold market today based on the monthly chart. This chart gives us a lot of important information about price trends and important technical signs to note. Let's explore with me!
It is known that on the monthly chart of gold (XAU/USD), we can see that the current gold price is trading at $ 2,434. Accordingly, the chart shows that a parallel channel increases gradually (indicated by two blue lines), lasting from 1180 to the present, showing a stable and strong growth trend.
Meanwhile, gold has undergone the accumulation period from 2011 to 2024, in which the price passes and creates important support and resistance levels.
In March 2024, the gold price made a strong breakthrough with a big price candle on the monthly chart, marking a major change in the trend.
Technically, EMA 34 (blue) at $ 2,012.954 and EMA 89 (purple) at $ 1.756.728 are acting as important support levels.
Gold prices are currently trading on both EMA lines, showing that the increase trend is still being maintained strongly.
In addition, the clear display chart of parallel channels increases gradually with high probability that the price will reach the top of this channel in the near future.
This is a sign that the long -term growth trend of gold is still very strong.
According to the theory of Elliott wave, gold is starting to conquer the pulse wave (wave 3), usually the strongest wave and the potential to increase the price huge.
This sign strengthens the prediction of the strong growth of gold price in the near future.
Therefore, we have seen the return of big investors for gold in 2024, this will promote higher prices.
With large liquidity, big investors will continue to buy gold in a strategic way, pushing prices to a higher level.
Based on the technical analysis and signals from the monthly chart, we can predict that gold price will continue to grow strongly in the coming years. Potential growth can reach 300% within 3 years, bringing gold price to the peak of the parallel channel gradually increasing.
If you are wondering between investing in gold or Bitcoin, gold may be a safer and more potential choice at this time. The stability and growth potential of gold will bring significant profits to investors in the near future.
Let me know your thoughts on this analysis in the comment section and do not forget to "watch" to update more interesting investment ideas. Trading is not difficult if you have a good coach! Thank you and wish you a successful transaction.
Gold increased higher than 2430 after the news yesterdayHello dear traders!
The price of gold consolidating the strong momentum of the previous day to the highest level in two weeks in the context that the Fed will cut interest rates as soon as possible in September. Moreover, geopolitical risks and concerns aboutness Global economic downturn will continue to benefit from safe shelter from Xau/USD.
Accordingly, the technical trend continues to show that the buyer continues to be supported after the news yesterday, with the two peaks formed on the breakthrough channel the previous downtrend. In addition, the hat dynamic line (EMA) is nearly 2430 USD, continuing to provide support for gold price speculators. This has contributed to making the market hotter than ever. It is expected that this price increase will reach 2468 USD, if this level is surpassed, nothing is short of gold increasing higher than reaching 2483 USD.
At this time, the implementation phase will form. Karina is waiting for the trend change confirmation to strengthen the purpose. What is your thoughts on this issue? Do you agree with me?
Gold breaks down the price channelHi everybody!
Gold has regained success and is currently maintaining a psychological position of $ 2,400, currently trading around $ 2416.
In addition, although the trend of increasing is not strong, this precious metal has demonstrated the stable recovery, supported by the trend line that increased clearly. But! There are signs showing a potential resistance peak at 2430 USD. If this level is not overcome, the market can push the adjustment price to accumulate before growing strongly for the purpose of forming a new peak, possibly 2500 USD...
PG The Procter & Gamble Company Options Ahead of EarningsIf you haven`t bought PG before the previous earnings:
Now analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week,
I would consider purchasing the 165usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CL Colgate-Palmolive Company Options Ahead of EarningsIf you haven`t bought CL before the breakout:
Now analyzing the options chain and the chart patterns of Options Ahead of Earnings prior to the earnings report this week,
I would consider purchasing the 100usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.