Tuesday, September 29, 2015

#Nifty 60 min #Zonemap

Nifty 60 min zone map. Good demand zone near 7730. Prepare your trade plan for tomorrow.

Monday, September 28, 2015

Recommendations of the Week 28 Sep-2Oct

Recommendations for the week: 

TITAN (Buy): Buy TITAN near 325 for a target of 331. Maintain stop loss at 320 

ASIANPAINT (Buy): Buy ASIANPAINT near 806.35 for a target of 825. Maintain stop loss at 793 

COALINDIA (Sell): Sell COALINDIA near 318 for target of 307 . Maintain stop loss at 328.5 

The trades are given for education purpose. Traders are advised to read disclaimer. 

For any clarifications on these recommendations , you may mail us on support@bonvista.in 

Sunday, September 27, 2015

Nowhere to go- NIFTY View For Week 29 Sep-2 Oct

Read this report on my website Bonvista Financial Planners

Tomorrow markets shall enter in new F&O series. Immediately on 29th Sep we have RBI meet. Sentiments are mixed on rate hike issues. How to trade Nifty in such scenario.  

Technical Overview: Last week Nifty made high of 8021 and low of 7723 A range of 298 points. Last week's rising spree is broken by "Bearish Harami" on weekly chart. 
The kind of chart that is formed is giving me no indication. It is giving me the feeling of confused sentiments. Larger time-frames (monthly and quarterly) are not giving any indication of markets moving up. The gap which I had mentioned in my newsletter that was sent in first week of Sep is filled. 
Above scenario made me think as below: 
If markets are to break 7539, we shall have next target of 6800 coming on Nifty. If something positive comes out of RBI meet, Nifty can move up to 8200. At this level it has strong resistance. 
For me the trade for next 15-20 days is as below: 
All positions for Oct 15                                              
Sell NIFTY 7300 Put 
 Buy NIFTY 7100 Put 
Sell NIFTY 8200 Call 
Buy NIFTY 8400 Call 

This strategy is called as Iron Condor. Works better with non-directional view. 
One can expect profit to the tune of 3-4% with minimal risk 
For probable (Max) Profit and Loss you can comment on this post or write me at support@bonvista.in 

NIFTY Daily Chart

Read here how my trade made 3.4% in 8 days in Sep15 series in Iron Condor trade.                                                                                                                                                                              
For more precise ideas on Nifty trading follow me on Twitter @Bonvista1 

Iron Condor- Let markets make money for you while you relax

Iron Condor is a beautiful Non-directional Options strategy.

This strategy can be traded almost in 10 months out of 12 in a year. Winning ratio can be as high as 90%.

This is what you can do to trade this strategy.

Identify Support and Resistance on Monthly (Sometimes Weekly) chart of Nifty. One can use Demand Supply techniques which I teach in my training to identity. Or if you know Technical Analysis- identify it based on traditional Technical Analysis.

This how you can trade this strategy:

Equal number of lots for all strike prices.
For ease of understanding I am explaining the trade I had taken in Sep15 series

Sell NIFTY 7500 Put
Buy NIFTY 7400 Put
Sell NIFTY 8000 Call
Buy NIFTY 8100 Call

This is credit spread where one gets net premium.

One can use difference of 200 points on Call and Put side. In above example I took it 100 points based on Demand and Supply ones on my charts. This helped me get little higher premium than the case explained above.

Premium earned = (Premium earned of NIFTY 7500 Put + Premium earned of NIFTY 8000 Call) - (Premium Paid of NIFTY 7400 Put + Premium paid of NIFTY 8100 Call)

For trader to earn profit in this strategy Nifty need to expire between two strike prices.
Loss is restricted by 8100 CE bought and 7400 Put bought.

September trade earned my profit of 3.4% in 8 days.

You can trade Options conservatively to earn 3-5% profit per month. This can be a good passive income. Let me know if you like this article.

BANKNIFTY Weekly Zone Map- 27 Sep

Broad range for Banknifty for cople of weeks 16600-18500. Trading at lower end. Can we expect bounce from here?

Monday, September 14, 2015

Booked profit of 10900 in ICICI BANK on 10-Sep-2015.

ICICI BANK SELL Recommendation is from our Prime Future Portfolio. We had Recommended delivery  SELL on 9-Sep-2015. Booked profit of 10900 on 10-Sep-2015.                    

For our advisory services www.bonvista.in

Recommendations for week- 14-18 Sep

SIEMENS (Buy):  Buy SIEMENS near 1276 for target of 1300. Maintain stop-loss at 1255

KTKBANK (Buy): Buy KTKBANK (Karnataka Bank) near 118 for target of 121. Maintain stop-loss at 116

TATASTEEL (Sell): Sell TATASTEEL near 233 for target of 227.50. Maintain stop-loss at 236.5

Check website for more buy/sell ideas

Range bound before Fed News- Nifty View for the week 14-18 Sep

Nifty is expected to trade range bound with positive bias till coming Wednesday. We have market holiday on Thursday. Friday - expect a very volatile market on Fed Interest Rate news. 
Nifty has strong resistance at 8000. 
Read this newsletter on website

Monday, September 7, 2015

Recommendations of the week 7-11 Sep

Recommendations for the week: 

Last week target achieved in RELINFRA, stoploss triggered in HCLTECH and IGL 

ASHOKLEY (Sell): Sell ASHOKLEY (Ashok Leyland) near 85 for a target of 83. Maintain stop loss at 87 

BATAINDIA (Buy): Buy BATAINDIA (Bata) near 1035 for a target of 1054. Maintain stop loss at 1010 

HINDALCO (Sell): Buy HINDALCO (Hindalco) near 73.90 for target of 72. Maintain stop loss at 75.5 

The trades are given for education purpose. Traders are advised to read disclaimer. 
For any clarifications on these recommendations , you may mail us on support@bonvista.in 

More Pain- NIFTY View For Week 7-11 Sep

Read this report on our website Bonvista Financial Planners  
This is painful. Global markets are pulling Indian markets badly. Markets are not sustaining the slightest of gains. Do we say that the downside is over. Or is there more pain.
Technical Overview: Last week Nifty made high of 8043 and low of 7627. A range of 416 points. As indicated in last post, Nifty could not sustain the gains. The close is below last week's low. Volatility is very high. India VIX is trading near 26. This is not great trading market.  
There is a leftover gap at 7593-7540. Nifty may attempt to take support near this level. However trading is not advisable till the markets give stability indications. Nifty charts are discounting the Technicals to trading on global cues. 

Short Term (Few days to  a Week) : A risky trade only for aggressive traders. If Nifty gaps down in the zone of 7593-7540, one can go long in Nifty with strict stoploss 7535 with a target of 40-50 points.              

Medium Term (Few weeks to a month): More wait is advised here. 

Long Term view on markets (Few months to Year): Go through if you have not read the long term view last week. 
After long I am elaborating this section in the newsletter. Well do we say Nifty is in long term downtrend? 
I have this view: Wait patiently for some more time for Nifty to give us clear indications. So far it does not seem to be anything like downtrend here. This can be seen as opportunity to buy value shares for long term. However markets may not immediately move up now. Further downside though possible, may not be substantial. There is not hurry for buying value shares too. Markets can correct further a bit. So wait patiently for them to give us signals then one can start buying.

For more precise ideas on Nifty trading follow me on Twitter @Bonvista1 

Thursday, September 3, 2015

Booked profit of 3.02% on 3-Sep-2015.

BANK BARODA BUY Recommendation is from our Prime Future Portfolio. We had Recommended delivery buy on 3-Sep-2015. Booked profit of 3.02% on 3-Sep-2015.