Good Morning all ,
Everything is bullish here. right? but Index momentum would not trust you in buy also not in sell side. I agree that Index is going up and up but momentum is damn slow and very hard to understand. You guys has made good money if you trade yesterday on our levels 9.940 . Expiry is due on Thursday and we had seen a major up move since last 4-5 Trading session. Question is does trend will continue or we will see a profit booking today. Remember this up move was straight without correction and there is lot of chances to breach 9473-9500 Level in next week but as I always said every day is different then others so lets see what is the key factor for Today trade setup.......
Key Factor
================
1- FIIS are damn bullish and SGX up more then 100 Points over night. Trading on 10,080 . More then 100 Points from previous closing.
2- Dow Jones indexes hit new three-month highs. Trading on 25,8340. which is up more then 111 Points from previous closing.
3-European Market also close on three-month high on Tuesday on optimism around a post-corona virus economic recovery
4-Crude is also bullish and steady.
5-Investors need to be careful on this point...
Option chain data
=====================
In call 10,000 has still maximum OI 18.44 lac contracts but it can be switch on upper numbers if Index sustain above then 10k mark today.
in put 9,500 is still a strongest support zone and has maximum OI 10.56 lac contracts.
Technical view
====================
As per technical view Index has already break their resistance 9,900 and sustain above on it . now this area become an Intraday support zone. Resistance is on 10,400-10.500 .
Trade Setup
=================
Today I am not going to give you any levels because for gap up Opening. Index is about to open 100+ point and you guys need to wait first 15 minute candle and setup your trade on 15 candle high and low. buy if 15 minute candle high break or sell if 15 minute candle break.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Everything is bullish here. right? but Index momentum would not trust you in buy also not in sell side. I agree that Index is going up and up but momentum is damn slow and very hard to understand. You guys has made good money if you trade yesterday on our levels 9.940 . Expiry is due on Thursday and we had seen a major up move since last 4-5 Trading session. Question is does trend will continue or we will see a profit booking today. Remember this up move was straight without correction and there is lot of chances to breach 9473-9500 Level in next week but as I always said every day is different then others so lets see what is the key factor for Today trade setup.......
Key Factor
================
1- FIIS are damn bullish and SGX up more then 100 Points over night. Trading on 10,080 . More then 100 Points from previous closing.
2- Dow Jones indexes hit new three-month highs. Trading on 25,8340. which is up more then 111 Points from previous closing.
3-European Market also close on three-month high on Tuesday on optimism around a post-corona virus economic recovery
4-Crude is also bullish and steady.
5-Investors need to be careful on this point...
Option chain data
=====================
In call 10,000 has still maximum OI 18.44 lac contracts but it can be switch on upper numbers if Index sustain above then 10k mark today.
in put 9,500 is still a strongest support zone and has maximum OI 10.56 lac contracts.
Technical view
====================
As per technical view Index has already break their resistance 9,900 and sustain above on it . now this area become an Intraday support zone. Resistance is on 10,400-10.500 .
Trade Setup
=================
Today I am not going to give you any levels because for gap up Opening. Index is about to open 100+ point and you guys need to wait first 15 minute candle and setup your trade on 15 candle high and low. buy if 15 minute candle high break or sell if 15 minute candle break.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
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Website: codeviser.org
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