Dipak Kr Shaw’s Post

WEEKLY TECHNICAL INSIGHT TRAIL STOP-LOSS TO 23873 THE WEEK GONE BY ·    In last week’s report we had said that 34-DMA, placed around 24350, was the next upside target/resistance to eye, while 23550-23500 was the immediate support zone, with the stop-loss of which, trading longs could be held on to. ·    Nifty saw a big gap-up on Monday and touched a high of 24351. After repeatedly getting resisted around this level, it plunged all the way to 23873 on Thursday and rebounded from there to end the week at 24131. For the week, the benchmark gained 0.9%, extending the winning streak to second straight week. OUTLOOK ·    24354, the top made during the week, around which Nifty was repeatedly resisted, is the immediate hurdle, upon crossover of which, 24537, the top made in November, would be next upside target to eye. Above 24537, 24770 and 25125, the 50% and 61.8% retracement levels of the entire 26277-23263 fall, would be next upside levels to eye. ·    On the way down, 23873, the low made during the week, is the immediate support, upon breach of which, 23680, followed by 23496, the 61.8% and 78.6% retracement levels of the recent 23263-24354 upmove, would be next downside levels to eye. ·    Meanwhile trading longs can be held on to with the stop-loss of 23873.

WEEKLY TECHNICAL INSIGHT TRAIL STOP-LOSS TO 23206 THE WEEK GONE BY · In last week’s report we had said that 23800, followed by 24775 were the next major targets to eye while 22700 was the immediate support on the hourly chart, with the stop-loss of which, trading longs could be held on to. · Nifty traded in a narrow range through the week and after touching a high of 23490, ended at 23465. For the week, the benchmark gained 0.8%, extending last week’s mammoth upmove and hitting fresh record highs. OUTLOOK · 23600, followed by 23800, are the immediate upside targets. · 23206, the low made during the week, is the immediate support, with the stop-loss of which, trading longs can be held on to.

New update for Wednesday, October 1, 2024. Recapping yesterday's special intraday trading update, we sold to breakeven our 50% long position in SDS. Currently, the S&P 500 is at a critical juncture as the Gann Weekly Swing chart turned down this week creating our first lower high of the year. We are on high alert for the next important clue of a major change in trend from up to down. With the Gann Weekly Swing chart turning down this week, we favor the bearish scenario and would expect a decline toward initial support at 5615. Breaching 5615 increases the odds of a stronger decline toward the last important support level of 5481. And if 5481 fails to hold, the odds significantly increase for a drop to Critical Support at 5402. Our alternate bullish scenario would allow for this week's low of 5681 to hold and the S&P advanced above 5735. While not expected, exceeding 5635 increases the bullish odds of a retest of last week's high at 5767. Should Critical Support fail to hold this week at 5402, this would generate the first ALL-OUT SELL SIGNAL FROM THE GANN WEEKLY SWING CHARTS. And this would confirm a change in trend from up to down and lead to much lower prices. Stay tuned for a special trading update should initial support at 5681 fail to hold. Our next scheduled update will be this coming Saturday, October 5. Happy October to all Traders and Investors!

S&P500 Emini – Tuesday, May 7, 2024 High-Probability, Cash-Flow Generating Trades: Mastering Intraday Entries. Discerning high-probability entry points is crucial for generating consistent returns in the market. This post delves into several recent trade setups that showcased the effectiveness of a disciplined technical analysis approach. Precise Long and Short Entries for Maximum Gains: Bar 3 signaled a powerful confirmation, solidifying the continuation of the uptrend from the opening. This presented a lucrative long entry opportunity, albeit with a defined range to optimize profit capture. Bar 15 displayed a classic shooting star reversal pattern, hinting at a potential uptrend exhaustion. We strategically awaited a confirmation bar from the bears to capitalize on a short entry with a clear support level (ovn-h) for targeted profit booking. Bar 35 emerged with a hammer pattern, followed by a robust bullish reversal on Bar 36. This confluence signaled a compelling long entry opportunity, especially considering the bar's closing price near its high and decisively above the 20-EMA resistance. Bar 47 witnessed a powerful reversal, pushing the price action higher from beneath the 20-EMA. This not only confirmed bullish continuation but also presented a fantastic second-chance long entry or a strategic scaling-in opportunity. Bars 60 through 73 formed a bullish ascending triangle pattern. This formation suggested a high likelihood of another upward price surge by the session's end. Bar 74 emerged as a decisive breakout bar, solidifying the bullish momentum and offering a high-probability long entry point to capture the anticipated price advance. Important Disclaimer: These are speculative trades with the potential for high profitability. However, they are short-term in nature and employ stringent risk-management rules. This approach is not intended to constitute investment or financial advice and is best suited for experienced traders comfortable with a higher degree of risk. Key Support/Resistance Levels for Today: Yesterday's High, Low, and Close: 5207.75, 5174.00, 5204.00. Overnight High and Low (as of writing): 5174.75, 5155.75.   Warning: I do not solicit business through direct messages. #financialservices #hedgefunds #stocks

S&P500 Emini – Wednesday, May 8, 2024 High-Probability, Cash-Flow Generating Trades: Mastering Intraday Entries. Are you seeking to capitalize on short-term market movements and generate consistent cash flow? Look no further! This post delves into a recent trade example, showcasing how our meticulous strategy identifies high-profitability entry setups within a defined timeframe. Throughout the trading session, we meticulously tracked price action. Bars 7 through 10 revealed a swift rejection of bearish pressure, indicating an opportunity to explore higher prices. This was followed by clear signs of accumulation between bars 12 and 15, further bolstering our bullish outlook. Bar 16 presented a pivotal moment. The oversized bull breakout, closing at its highs, signaled the potential beginning of a sustained upward move. We capitalized on this signal with a long entry, aiming to capture this bullish momentum. As the session progressed, bar 27 offered a compelling second-chance entry point for those who missed the initial move. Shaped as a continuation of the bullish leg, this provided a strong opportunity to scale into the position. However, the market is dynamic. Recognizing this, we identified a potential reversal pattern at bars 19 and 33. This double top formation prompted us to shift our focus to identifying short entry setups. Bar 36 presented a brief window for a short-term counter-trend trade. Given the established uptrend, this offered a limited-point scalp opportunity. The rationale? The prior bull breakout failed to attract sustained buying interest, suggesting a potential move lower to find fresh buyers. The session culminated with a decisive bear breakout at bar 52. This confirmed the shift in market sentiment, presenting a definitive short entry opportunity. The prior bullish momentum had waned, necessitating a move lower to entice sidelined buyers. Important Disclaimer: These are speculative trades with the potential for high profits. However, they also involve significant risk. We adhere to strict risk-management rules to mitigate potential losses. This post is for informational purposes only and should not be considered investment advice. Key Support/Resistance Levels for Today: Yesterday's High, Low, and Close: 5226.75, 5205.50, 5215.50. Overnight High and Low (as of writing): 5218.00, 5207.75.   Warning: I do not solicit business through direct messages. #financialservices #hedgefunds #stocks

Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Nifty managed to pull up and close above 22358 which is not a bad thing at all, but what was worrying is how NiftyIT traded today.” How many of you really thought we would hit a new ATH today? Even if you happened to read yesterday’s post-mortem report - you might not have gathered enough courage to go long. The markets really took all of us for a ride today. The opening hours it spent below the 22295 support showing a strong intent to fall. NiftyIT was trading with deep cuts and went almost to negative 558 points by 11.39. BankNifty on the other hand started strong and stayed strong and could pivot NiftyIT to go green. Even though the market views all favored us, the positions did not. The underpricing of the call options and the strong short-covering really hurt us. What is more saddening is the low conviction of the CALL short sellers, the moment the market turns - they run for cover. And this running away is fueling further upmove which triggers the next strike’s covering. The strength of the last 2 GREEN candles requires no special explanation. Right from the support level, it went and took out the all-time highs. Two things were in favor, firstly the strength of Banks and then the massive reversal of NiftyIT. We are maintaining our bullish stance for tomorrow as well, but we are not expecting 22600 to be broken tomorrow. BankNifty Analysis - Stance Bullish ⬆️ The major move in Banknifty in the opening hour itself. See the encircled region and see how the 47465 support came into play. Support and resistance have the highest weightage in my technical indicators arsenal. If you have been reading my reports - you may agree to it without doubt. The only thing is, you need to draw the horizontal lines carefully. Two things happened when BN rallied 713pts ~ 1.5% in the opening hours. Firstly it gave so much of positive momentum to Nifty50 that even a laggard like NiftyIT had to reverse course and align with the GREENs. Secondly, it threw our algo positions under the bus. The swift movement ensured whatever MTM loss the positions went into, we were sure that the end was never going to be in green. Not quite sure if we will take out the ATH tomorrow, but seems like we are going to have another green day tomorrow. As long as the support of 47465 is respected, the bulls are going to have a nice time. Algo Trading Our algo trades ended today with a loss of 19656. The opening hour casting its spell, the MTM loss was almost 65710 at a point, so we are quite thankful for the wonderful recovery we had post that trauma.

WEEKLY TECHNICAL INSIGHT 24600, 24300 ARE DOWNSIDE LEVELS TO EYE; 24950 IS IMMEDIATE HURDLE THE WEEK GONE BY ·    In last week’s report we had said 25400 followed by 25600 were the next upside targets to eye while 24450 was the immediate support on the hourly chart, with the stop-loss of which, trading longs can be held on to. ·    Nifty, after touching a high of 25078, slipped to end the week at 24717. For the week, the benchmark lost half a percent, snapping an 8-week winning streak. OUTLOOK ·    Nifty confirmed a “Sell” on it’s hourly chart on Friday. ·    20 DMA, placed around 24600, is the next support, below which, 34-DMA, placed around 24300, would be the next downside level to eye. ·    24900-24950 is the immediate resistance zone above which, 25078, the top made during the week, would be next hurdle.

📉 NIFTY Option Trading Insights | 4th Nov '24 📉 Index: #NIFTY | 24,304.35 🔍 Let's dive into today's actionable calls! Intraday Calls (Cash/Spot) 📌 Sell @ 24,335 - 24,374 💥 Stop Loss (SL): 24,450 🎯 Targets: 24,274 ➔ 24,250 ➔ Max: 24,236 Position Trade & Market Overview 📉 Outlook: Bearish 🚩 Stop Loss (SL): 24,515 🔽 Fresh Sell Levels: 24,325 - 24,420 (1-2 sessions) 🎯 Targets: 24,100 ➔ 23,932 ➔ Min: 23,926 (3-5 sessions) Intraday Options 📈 Put Option: 24,300 PE 💰 Buy @ 215.50 | Expiry: 7th Nov '24 🎯 Targets: 219 ➔ 231 ➔ 238 💥 SL: 157 Position Options 📈 Put Option: 24,300 PE 💰 Buy Levels: 189 - 158 (1-2 sessions) 🎯 Targets: 253 ➔ 268 ➔ 278 (3-5 sessions) Stay sharp, traders! 📊 Make every trade count. #OptionsTrading #Nifty #NIFTY 📊, #IntradayTrading 🚀, #OptionsTrading 💰, #StockMarketInsights 📈, #SellCall 🔻, #PutOption 📉, #NiftyAnalysis 📊, #BearishMarket 🐻, #TradingStrategy 💼, #MarketUpdate 📰, #FinancialGoals 🎯, #TradeSmart 🧠, #DailyTrades 📅, #TargetHit 🎯, #RiskManagement ⚖️, #TechnicalAnalysis 📐, #InvestmentTips 💡, #ProfitGoals 💸, #MarketMovers 🔍, #SmartTrading 📈

ANALYST COMMENT FOR 11TH SEP The Nifty tested 25100 and dipped to retest the level of 24900-800 which is important support and real high as per daily for 'booster shot'. The closing candle on the 15min is looking strong making continued rally very likely. As long as 24800 holds we are looking at touching the resistance of 25275 in the next leg of expected upside. It is interesting to note that the bounce back we saw on 9th and 10th sep exactly retraced 61.8% of the previous decline which was itself 38.2% retracement of the previous rally. It is incredible to see Fibonacci ratios playing out so perfectly, making them a good guide, but not a reliance decision making tool. The momentum analysis is primary for decision making when swing trading. The positive divergence of 9th sept on 15min was a great indication for us to get bullish again in the market. Stay tuned to my analyst comments for daily market updates and actionable forward looking insights. To join my TG channel click on the link: https://lnkd.in/dNverRM6

Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum." Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly, the dip buyers were not that aggressive, but the bears were not really able to push down the prices.  If you look at the higher time frame i.e. 63mts, our closing today is almost midway between 22295 and 22051. Tomorrow 17th April is a holiday, so our markets will only resume trading on 18th. Thursday we have the Nifty50 expiry, so that makes things more exciting.  For bearish continuation, we need to take out the 22051, whereas for Neutral stance shift, we need to take out 22295. If we fall further below 21913 then that would also mean the negation of inverse H&S pattern of 20th March 2024. The Nifty50 algo trades ended with a profit of 9195, exited prematurely in the opening 30 minutes itself BankNifty Analysis - Stance Bearish⬇️ BN managed to hold on to 47465 levels quite decently. All intraday straddlers would have had a decent day as there were no swings or whipsaws. We opened below the 47465 level but managed to close above it giving some hope to the Bulls. If we close above 47465 levels on the 18th, I might change my stance from bearish to neutral. For bearish continuation, we need strong downside momentum - agreed that we lost 288pts ~ 0.6% today, but not breaking the support level is considered a negation of the trend. In the higher time frame, this is more obvious. See the closing 63mts candle, it is strong green with the lower part of the body right at the 47465 level. The next move would be more based on news than technical analysis, so it would even make sense to keep a close eye on macros like Iran-Israel conflict. BN algos ended the day with a profit of 26757, again exited prematurely in the opening 30mts itself as the time condition of the profits were met.