#intraday setup , HCLTECH Strong Above 1316

Was not missed active yesterday today 6% up

PE bouncing from 10 EMA, and CE sold off from 10 EMA.
PE EMA's pointing upwards
CE EMA's pointing downwards

Only Selling in The market

Even small DZ has not been respected 46600 to 47000 may act as Dz

Over and out for me as of now , will wait for pull back uspide now will not sell Nifty tommorow

Gapup open void trade , High 1339 , now its Weak below 1314 , intraday basis for 1-1.5%

#IntradaySetup
Havells Fut Weak Below 1674

Why Nifty can bounce back From yesterdays Low , not hopefully should sustain at the Trendline ,

Expecting a spike down as Open, B & D period are at same level. Usually this is a weak referecnce

Done

dates

Balance zones rocked!
Excellent day: My best ever!

NIFTY :

▫️After the sharp weekly fall from all time high. Touched the channel trendline support price zone of 21960 levels
▫️That's Fibonacci retracememt reversal levels of .786 and has given bullish reversal signals too from this trendline demand zone.
▫️More upside targets till 22570 expected with lower side capped at 21820

BANKNIFTY :

▫️Banknifty index has closed exactly at important trendline support of the parallel channel (47300 levels ).
▫️As per PCR and oversold condition in index , A good bounce is expected from today's closing price till 48540 , with lower side capped at 46960

▫️Resistance at :
47740 / 47850 / 48060 / 48250 / 48540
▫️Support at :
47240 / 46960

BNF 13th May prognosis

BNF opened in the lower quadrant of the previous day's (PD) value area and swiftly descended, momentarily breaching the poor low at 47445 before bouncing back. This "Look Below and Fail" move, as coined by Jim Dalton, often entails clearing the previous day's high. However, the PD featured double distribution with singles at 47950 levels. The subsequent reversal, originating a few ticks below the previous day's Half Back (marked by the white line on the chart), hinted at the involvement of weak hands operating at visual levels.

Following this seller-initiated move, bullish attempts during the E and H periods to break the ongoing OTF down were half-hearted, leading to continued downward movement till the close. As a result, the value area shifted lower, and both the time point of control (TPOC) and volume point of control (VPOC) migrated downwards, albeit with TPOC closing higher than VPOC. This subtle shift hints at the beginning of accumulation.

Since May 3rd, BNF has been primarily experiencing OTF down movements, prompting speculation about whether the inventory is "short to too short." The upcoming trading session will shed light on this question.

On the downside, a singles zone of trapped shorts exists from 47060 to 47185 levels, often serving as a zone where trapped shorts square off their positions by buying, providing price stability and inviting further buying. However, if significant selling pressure is observed, the trapped shorts may remove their bids, leading to a swift decline. Therefore, 47060 and 46800 are crucial support zones to monitor.

On the upside, the first resistance zone is at 47950. Clearing this level could open up targets at 48200 and 48500. With elections, news flow, and overall environment of uncertainty, I will focus on these key zones to take trading cues.

How things interconnect...

Was watching Kapil dhama, he said suppose the highest oi is at 700 and 800 strike in nifty so we shall short the strike of 750 if we get combined premium of 65 to 70 (each being around 33 to 35) and keep SL of combined premium..

Combined SL can be placed manually on each strike or by a software.. (in software they exit when combined premium rises 10% above shorting combined ie 77( one is 50 other is 27 ), while in manually each strike would be having combined premium of SL ie from 67 to 72, where in may be the sl hit on one and exit on other would give more dent than 10% exit on software.

Now see how their SL gets hit .. and operators enter their , and made that strike zero, and this was in nifty till Feb 24 , now these premiums have changed .. as the value of nifty has changed from being below 17000 to being above 20000..

What I found is ..
Friday trap Asmita Patel sellers
Monday Tuesday make inner circle DJ Bhai do a hell lot of adjustments
And on expiry go for killS of straddle players.. likes of Kapil dhama..

And if you change to strangles ..
Then you're welcome to freak trades.. 😜😜😀😀