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Published a new Article on blog. Here is the details:
August 2023 Performance and Trading plan for September 2023 expiry https://tradepik.com/trading-plan-for-the-coming-month/
#Nifty and #Banknifty both are trading in a tight range while most of the activity is happening on the ATM strikes.
Whenever market trades in a tight range, changes are high that it will blast in any one direction. So keep real hedges and avoid naked trading.
Due to some unavoidable circumstances, I couldn't publish the weekly newsletter with weekly strategies today.
I will share on the weekend and will follow it up on Monday.
Sorry for the delay guys. 🙏
Please keep following.
After a gap-up opening, we saw a short covering in the market.
The sentiment and trend look positive.
Intraday trend in #Nifty = Highly Bullish
Intraday Trend in #BankNifty = Bullish
Support and resistance have been shifted to higher levels.
Critical levels for today are:
19700 acts as immediate resistance and 19400 acts as support in #Nifty. While in #banknifty, resistance is at 45000 having a PCR of 0.29. And support at 44700.
Keep following changes in OI and PCR for further levels for today.
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Published a new Article on blog. Here is the details:
Demystifying Option Greeks: A Practical Guide for Indian Traders https://tradepik.com/demystifying-option-greeks/
Major Resistance in Nifty:19400
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44000
Major Support in Bank Nifty: 44000
Highest Chng In OI :-> 19400 : CE | 19400 : PE |
Highest VOLUME :-> 19400 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 458573 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 253766 |
#Nifty and #Banknifty, both looks neutral today with short buildup on both the sides.
Today is #finnifty expiry, so we may see movement in both side.
Trade with limited risk. And keep real hedge if you don't know how to manage naked selling.
Stop waiting for someone else to change your life.
It's time to grab the reins and take control.
Embrace the power of personal responsibility and make a move toward the life you want.
Remember, every small step counts.
Start by setting achievable goals, creating a solid action plan, and committing to follow through.
Don't just dream it, do it!
Today is the day to take charge and make things happen.
Major Resistance in Nifty:19400
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44000
Major Support in Bank Nifty: 44000
Highest Chng In OI :-> 19500 : CE | 19300 : PE |
Highest VOLUME :-> 19400 : CE | 19300 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 269849 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 277472 |
Published a new Article on blog. Here is the details:
Nifty and Banknifty Option Strategy for August 21 - 24, 2023 https://tradepik.com/weekly-analysis-banknifty-option-strategy/
Major Resistance in Nifty:19400
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44000
Major Support in Bank Nifty: 43800
Highest Chng In OI :-> 19400 : CE | 19300 : PE |
Highest VOLUME :-> 19400 : CE | 19300 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 573204 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 425186 |
Major Resistance in Nifty:19600
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44500
Major Support in Bank Nifty: 43800
Highest Chng In OI :-> 19400 : CE | 19300 : PE |
Highest VOLUME :-> 19400 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19600 : CE | 256924 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 283764 |
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Major Resistance in Nifty:19500
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 45000
Major Support in Bank Nifty: 44500
Highest Chng In OI :-> 19450 : CE | 19400 : PE |
Highest VOLUME :-> 19400 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19500 : CE | 313644 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 293469 |
Major Resistance in Nifty:19400
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44500
Major Support in Bank Nifty: 44500
Highest Chng In OI :-> 19350 : CE | 19250 : PE |
Highest VOLUME :-> 19300 : CE | 19300 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 279777 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 261873 |
Major Resistance in Nifty:19300
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44500
Major Support in Bank Nifty: 44000
Highest Chng In OI :-> 19300 : CE | 19300 : PE |
Highest VOLUME :-> 19300 : CE | 19300 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19300 : CE | 279774 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 217100 |
Few Positional #optionstrategies were created this month.
Mostly shared on my blog: https://tradepik.com/tag/options-strategies/
Visit and follow to get these limited-risk option strategies every month.
#options #OptionsTrading #trading #stocks #BREAKOUTSTOCKS #JioFinancial #icicbank #AXISBANK
Major Resistance in Nifty:19600
Major Support in Nifty: 19500
Major Resistance in Bank Nifty: 45000
Major Support in Bank Nifty: 44500
Highest Chng In OI :-> 19650 : CE | 19500 : PE |
Highest VOLUME :-> 19600 : CE | 19500 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19600 : CE | 334579 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19500 : PE | 323937 |
Major Resistance in Nifty:19400
Major Support in Nifty: 19400
Major Resistance in Bank Nifty: 44200
Major Support in Bank Nifty: 44000
Highest Chng In OI :-> 19550 : CE | 19400 : PE |
Highest VOLUME :-> 19400 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 346876 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19400 : PE | 314019 |
#Nifty and #Banknifty both are trading in a tight range.
Important levels that you can keep on radar are:
19300 & 19500 in #Nifty
43700 & 44300 in #Banknifty
I prefer to trade delta neutral strategies here instead of taking any direction bets.
Why I prefer to follow Open Interest data over Price Action
https://tradepik.com/open-interest-data-or-price-action/
Major Resistance in Nifty:19400
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44000
Major Support in Bank Nifty: 44000
Highest Chng In OI :-> 19400 : CE | 19400 : PE |
Highest VOLUME :-> 19400 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19400 : CE | 273520 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 223052 |
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Success comes to those who put in the effort.
When you're focused on your goals and grinding away, there's no room for the opinions or negativity of others to distract you.
Keep pushing, keep hustling, and watch how your determination silences the critics.
Don't waste precious energy on worrying about what they're saying – channel it into achieving your dreams.
Stay laser-focused and let your results speak for themselves.
One more profitable expiry ended with profit.
All 4 days closed with decent Profit.
Strategies shared here: https://bit.ly/3OEyPsT
#OptionsTrading #trading #nifty #banknifty
Major Resistance in Nifty:19500
Major Support in Nifty: 19300
Major Resistance in Bank Nifty: 44000
Major Support in Bank Nifty: 43800
Highest Chng In OI :-> 19500 : CE | 19350 : PE |
Highest VOLUME :-> 19500 : CE | 19400 : PE |
Highest OI CE |STRIKE PRICE| AND |OI| :-> 19500 : CE | 438731 |
Highest OI PE |STRIKE PRICE| AND |OI| :-> 19300 : PE | 361368 |
Want to make money in the market, even if you're not sure which way the market will go?
Learn about this high probability option strategy that can help you generate consistent profits!
Link: https://tradepik.com/high-probability-option-strategy/
Booked loss in positional strategies and profit in intraday.
That's the power of diversification.
It keeps your stress-free when you know that you have something that can handle drawdowns.
For intraday, you have positional and for positional you have intraday.
This is what I belive and follow.