Rahul Chaudhary

@chaudhary

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date_rangeJoined Jan 2019
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Trader who trades in Futures & Currency,
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chaudharysaab007@gmail.com
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Noida, UP
  
May 17 3:37 AM

● Bank Nifty managed to hold above 28500 zones and witnessed sharp recovery from lower levels in latter part of the session towards 28950 zones. It formed a Bullish Candle on daily scale and now needs to hold above 29000 zones to extend its move towards 29250 then 29500 zones while support exists at 28500 then 28388 zones
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May 17 3:37 AM

● Nifty index remained highly volatile throughout the session and traded in wider range between 11140 to 11280 zones. It formed a Bullish Candle on daily scale as it managed to regain the losses of previous session and closed above crucial hurdle of 11250 zones. It formed a Harami pattern and a Narrow range three Bar formation on daily scale which indicates that a small follow up could lead to a short term bottom process ahead of volatile exit poll and election outcome

● Now it has to hold above 11250 zones to extend its bounce towards 11333 then 11420 zones while support is seen at 11188 then 11118 zones

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Call writing is seen at 11300 then 11500 strike while Put writing is seen at 11000 strike. Option band signifies a trading range in between 11000 to 11500

● India VIX fell down by 1.01% at 28.37 levels. However higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 16 3:42 AM

● Bank Nifty failed to cross above 28950 zones and slipped towards 28600 zones in latter part of the trading session. It formed a Bearish Candle on daily scale as selling pressure is seen at higher levels

● Now if it holds below 28888 zones, then weakness could be seen towards 28388 then 28250 zones while hurdle is seen at 29000 zones
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May 16 3:41 AM

● Nifty index failed to surpass previous day’s high as follow up buying was missing at higher levels and it witnessed selling pressure in the last hour of trading session. It failed to hold its gains and selling pressure is visible on every small bounce in the market

● It formed a Bearish Candle on daily scale and now till it holds below 11250 zones it could extend its weakness towards 11118 then 11000 zones while hurdle is seen at 11250 then 11333 zones

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Call writing is seen at 11300 then 11500 strike while Put writing is seen at 11000 strike. Option band signifies a shift in lower trading range in between 11000 to 11500 zones

● India VIX moved up by 5.63% at 28.65 levels. However higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 14 3:26 AM

Bank Nifty consolidated for most part of the day but witnessed sharp selling pressure in last hour of the session. It formed a Bearish Candle on daily scale and failed to hold above 28888 levels as extended its losses towards 28600 zones

● Now till it holds below 28888 zones it could continue it weakness towards 28500 then 28388 zones while hurdle is seen at 29000 then 29250 zones
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May 14 3:25 AM

● Nifty index continued its weakness for 9th consecutive trading session as every bounce was being sold in the market. It formed a Bearish Candle on daily scale and continued its lower highs-lower lows from past 6 trading sessions indicating weakness

● Now till it remains below 11350 zones, weakness could continue towards 11088 then 11000 zones while hurdle is seen at 11320 -11350 zones

● Max Put OI is at 11000 then 10500 strike while Max Call OI is at 12000 then 11800 strike. Call writing is seen at 11500 then 11700 strike while minor put writing is seen at 11200 strike. Option band signifies a shift in lower trading range in between 11000 to 11600 zones

● India VIX moved up by 3.09% at 27.15 levels. Higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 13 3:31 AM

● Bank Nifty opened positive and attracted buying interest towards 29200 zones but failed to hold at higher levels and settled near 29000 levels

● It negated its lower highs - lower lows formation but failed to surpass its crucial resistance of 29250 zones and till it remains below same weakness could continue towards 28500 zones while on the upside hurdles is seen at 29500 zones
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May 13 3:31 AM

● Nifty index continued its weakness for 8th consecutive trading session as every bounce was being sold in the market. It formed a Bearish Candle on Daily as well as weekly chart which implies that bears are continuously putting pressure at higher levels. It is forming lower highs-lower lows from past five trading sessions and holding below its 50 DEMA which indicates weakness

● Now till it remains below 11350 zones, weakness could continue towards 11188 then 11050 zones while hurdle is seen at 11333 then 11420 zones

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Call writing is seen at 12000 then 11800 strike while Put writing is seen at 11300 then 11500 strike. Option band signifies a shift in lower trading range in between 11200 to 11700 zones

● India VIX moved up by 3.36% at 26.33 levels. However higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 10 3:37 AM

● Bank Nifty continued its weakness for fourth consecutive session but pace of selling is now getting lesser as it formed a Doji candle on daily scale

● Now till it remains below 29250 zones weakness could extend towards 28500 zones while hurdles is seen at 29500 zones
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May 10 3:37 AM

● Nifty index continued its weakness for 7th consecutive trading session and drifted towards 11255 zones. However it witnessed strong recovery from lower levels and finally closed with the loss of 50 points near to 11300 zones. It formed a Bearish Candle with long lower shadow which indicates overall weakness but now supports are visible at lower zones

● It has been making lower lows from last five trading sessions and resistances are gradually shifting lower. Now till it remains below 11350, weakness could continue towards 11250 then 11188 zones while resistance are also shifting lower to 11420 - 11440 zones

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Minor Call writing is seen at 11400 then 11900 strike while Put unwinding is seen at immediate strike price. Option band signifies a shift in lower trading range in between 11200 to 11700 zones

● India VIX marginally fell down by 3.67% at 25.39 levels. However higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 7 3:32 AM

● Bank Nifty opened gap down but consolidated in narrow trading range of 29650 to 29750 zones for most part of the session. It formed a Doji Candle on daily scale which indicates indecisiveness and absence of follow up activities

● Now if it fails to hold 29500 zones, then only fresh decline could be seen towards 29250 then 29000 zones whiles hurdles are seen at 30000 marks to get the stability
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May 7 3:32 AM

● Nifty index opened gap down and remained under pressure for most part of the session by drifting towards 11570 zones. It formed a Bearish Candle on daily scale but managed to respect its major support of 11550 zones. Index has got stuck in between 11550 to 11800-11850 zones from last 23 trading sessions where declines are being bought but follow up is missing at higher zones

● Now if it fails to hold 11550 zones then only short term trend could be under pressure to test the next support of 11333 zones while hurdles are seen at 11666 then 11761 zones to get the consolidative move

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Minor Call writing is seen at 12000 while and Put writing is seen at 11600 then 11500 strikes. Option band signifies a trading range in between 11500 to 11800

● India VIX moved up sharply by 10% at 26.43 levels. Higher VIX suggests that volatile swings could continue in the market ahead of Election polls and outcome
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May 2 3:31 AM

Nifty is likely to open on a stable note today as Global market is stable and FII continues to bought in good numbers but volatility is likely to increase during the current time due to elections / crude price movements. For today, Nifty has good support at 11650 (spot levels) levels whereas resistance for today is at 11830. Same way, Bank Nifty has good support at 29360 (spot levels) whereas resistance lying at 30050 - could be very volatile due to weekly expiry. REmember market is likely to become more n more volatile due to elections going on and may consolidate within Range… 11500 Nifty on the lower side and 11830 on the upside. So, basically market is not going anywhere and with quarterly results around, look for stock specific action.
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Apr 30 3:48 AM

● Bank Nifty managed to hold its previous day’s low and witnessed buying interest at latter part of the session to extend its gains towards 30000 zones. It formed a Bullish Candle on daily scale followed by Hammer candle on weekly scale which indicates that buying is visible at lower levels

● Now it has to hold and sustain above 30000 zones to extend its gains towards 30250 then 30500 levels while on the downside support is seen at 29750 then 29500 zones
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Apr 30 3:47 AM

● Nifty index opened positive and consolidated in narrow range of 11666-11700 for the most part of the day however it witnessed buying interest in last hour of the session and extended its gains towards 11760 levels. It has formed a Bullish Candle on daily chart followed by Dragon Fly Doji on weekly scale which implies that decline is being bought into the market

● It is hovering near its crucial 11760-11800 zones and some follow up buying could take it towards new life time high territory of 11900 and 12000 zones while support is seen at 11666 zones

● Max Put OI is at 11000 then 11500 strike while Max Call OI is at 12000 then 12500 strike. Marginal Call writing is seen at 12000 then 11800 strike while Put writing is seen at 11800 then 11700 strike. Option band signifies a broader trading range in between 11500 to 12200 zones

● India VIX fell down by 6.51% at 21.71
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Apr 24 4:19 AM

Nifty spot... Support at 11550 and resistance at 11860

Close below 11550 will take to 11280 mark. Three consecutive close + weekly close below 11280 will take to 10800---10600 again
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Apr 22 4:20 AM

Nifty future... Not able to breach it's resistance level of 11860 and crashed vertically,

Now 11620---11575 act as major support in Nifty and resistance at 11750---11820---11860
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Apr 22 3:53 AM

Bank Nifty made a new life time high of 30669 mark but failed to hold above 30500 zones and declined sharply towards 30150 levels. It erased the gains of the previous day and formed a Bearish Engulfing kind of pattern on daily scale and negated it higher highs - higher lows formation after three sessions

● Now it has to continue to hold above 30250 zones to witness an up move towards its life time high of 30669 levels while major support is seen at 30000 levels
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Apr 22 3:53 AM

● Nifty index opened positive but failed to hold its gains above 11800 zones and drifted gradually towards 11740 zones. It formed a Bearish Belt Hold or Dark Cloud Cover pattern on daily scale while small Bullish Candle on weekly scale

● However it has been making higher highs - higher lows from last 4 trading sessions on daily scale and till it holds above 11720 zones it could extend its momentum towards 11888 zones while support is seen at 11666 then 11550 levels

● Max Put OI is at 11500 then 11000 strike while Max Call OI is at 12000 then 11800 strike. Put writing is seen at 11400 then 11650 strike while Call writing is seen at 11800 then 12000 strike. Option band signifies a shift in higher trading range in between 11600 to 11900 zones

● India VIX moved up by 4.48% at 22.66 levels. Sudden spike in VIX indicates limited upside with volatile swing in the market but higher VIX could even support the market to continue its momentum as well being at new high territory
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 in CIPLA
  
Apr 16 4:03 AM

Cipla’s arm entered into a definitive agreement with Pulmatrix for commercialization of Pulmazole which is treatment of asthma-related allergies. The arm will pay $22 million to Pulmatrix in exchange of assignment of all rights for Pulmazole in relation to pulmonary indications.
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