Rahul Chaudhary

@chaudhary

people_outline406 followers
date_rangeJoined Jan 2019
Trader who trades in Futures & Currency,
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chaudharysaab007@gmail.com
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Noida, UP

● Nifty index managed to hold 11820 zones and gradually extended its gains towards 11917 levels. It formed a Hammer Candle on daily scale as buying interest was seen at lower levels and supports are slightly shifting higher which indicates Bulls are back on track to ride the next move
● Now it has to continue to hold above 11850 zones to witness an up move towards 12000 then 12040 zones while supports are shifting higher at 11820 then 11777 zones
● Max Put OI is at 11500 then 11000 strike while Max Call OI is at 12000 then 12500 strike. We have seen fresh Put writing at 11850 then 11700 zones while marginal Call writing is seen at 12000 strike. Option data suggests a wider trading range in between 11650 to 12250 zones
● India VIX fell down by 2.37% at 14.25 levels. Decline in VIX provides short term stability in the market
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● Bank Nifty traded in broader range between 31150 to 31500 zones for most part of the session but managed to hold above 31000 zones. It formed a small bodied candle with long upper shadow on daily scale but forming higher highs – higher lows from previous two trading sessions
● Now it has to continue to hold above 31000 zones to extend its move towards 31500 then life time high of 31780 zones while supports are seen at 30800 then 30600 zones
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● Nifty index remained highly volatile throughout the session and traded in wider range of 100 points between 11800 to 11900 zones on its June monthly expiry day. It formed a Spinning top kind of candle at it failed to hold at higher levels but forming higher highs – higher lows from previous two trading sessions which suggests dips are being bought into at lower zones
● Now it has to continue to hold above 11761 zones to extend its move towards 11929 then 12000 zones while support are seen at 11761 then 11720 levels
● On the option front, for the July series option data is scattered at various strikes since it’s the beginning of new series. Maximum Put OI is at 11500 then 11000 strike while Max Call OI is at 12000 then 12500 strike. We have seen Put writing at 11800 and 11600 strikes while Call writing is seen at 12400 and 12500 strikes. Option data suggests a wider trading range in between 11650 to 12250 zones
● India VIX fell down by 1.55% at 14.52
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● Bank Nifty failed to surpass previous day’s high and declined nearly 400 points to close near its lower band of the trading range near 30600 zones. It formed a Bearish Candle on daily as well as on weekly scale which suggests Bears are holding tight grip at higher zones
● Now till it holds below 31000 zones, it could extend its weakness towards 30250 then 30000 zones while hurdles are seen at 31000 then 31313 zones
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● Nifty index failed to hold above 11888 zones and remained 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 and weekly scale which suggests selling pressure is seen at higher levels. It has been consolidating in between 11761 to 12041 zones from fourteen trading sessions and requires a decisive range breakout to commence the next leg of rally else it is its likely to move in this broader trading range
● Now till it holds below 11888 zones it could extend its weakness towards lower band of the support at 11761 then a fresh decline towards 11660 levels while immediate hurdles are seen at 11965 then 12000 zones
● Max Put OI is at 11500 then 11800 strike while Max Call OI is at 12000 then 12500 strike. Call writing is seen at 11900 then 12000 strike Put unwinding is seen at 11800 then 11700 strike. Option data suggests a wider trading range in between 11750 to 12100 zones
● India VIX moved up by 2.10% at 13.94 levels. However volatility is hovering below 15 zones which is supporting for buying interest on any declines but at the same time ruling out for a major swing in the market
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● Bank Nifty managed to hold multiple supports of 30600 zones and witnessed a strong recovery of 400 points towards 31000 zones. It formed a Hammer Candle near to the lower band of the trading range which indicates support based buying

● Now it has to hold above 31000 zones to witness an upmove towards 31313 then 31500 levels while support exists at 30750 then 30600 zones
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● Nifty index opened negative and drifted towards 11820 zones in initial part of the session but recovered sharply from lower zones and ended on a flattish note above 11900 zones. It formed a Bullish Candle similar to Hammer on daily scale which indicates that decline are being bought near to the lower band of the trading range. It has been consolidating in between 11761 to 12041-12100 zones from last thirteen trading sessions and requires a decisive range breakout to commence the next leg of rally else it is its likely to move in this broader trading range

● Now it has to continue to hold above 11888 zones to witness an up move towards upper band of the trading range at 12041 then 12100 zones while support exist s at 11820 then 11761 zones

● Max Put OI is at 11500 then 11800 strike while Max Call OI is at 12000 then 12500 strike. Put writing is seen at 11800 strike while Call writing is seen at 12000 then 12100 strike. Option data suggests a wider trading range in between 11750 to 12100

● India VIX fell down by 3.26% at 13.66 levels. Volatility is hovering below 15 zones which is supporting for buying interest on any declines but at the same time ruling out for a major swing in the market
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Bank Nifty opened negative and headed towards 30900 levels. It formed a Bearish Candle on daily scale and negated its higher high - higher low formation after 3 sessions

● Now till it holds below 31313 zones, it could extend its weakness towards 30600 zones while hurdle are seen at 31313 then 31500 zones
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● Nifty index failed to surpass immediate barrier of 11975-12000 zones and witnessed selling pressure towards 11866 levels. It negated its formation of higher high - higher low after 3 trading sessions but follow up profit booking was also missing at lower zones. It formed a Bearish candle on daily scale followed by multiple Doji candles which indicates a tug of war in the 11761 to 12000 zones

● Now till it holds below 12000 zones it could extend its weakness towards lower band of the support at 11761 then a fresh decline towards 11660 levels while immediate hurdles are seen at 11965 then 12000 zones

● Max Put OI is at 11500 then 11800 strike while Max Call OI is at 12500 then 12000 strike. Put writing is seen at 11500 then 12000 strike while Call writing is seen at 12000 then 12100 strike. Option data suggests a wider trading range in between 11750 to 12100 zones

● India VIX fell down by 2.54% at 14.12 levels. Volatility is hovering below 16 zones which is supporting for buying interest on any declines but at the same time ruling out for a major swing in the market, thus a range bound bias with some dips
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● Bank Nifty opened positive and moved in a wider trading band of 500 points for the entire trading session. It formed a Hammer Candle on daily scale and an Inside Bar on weekly scale which implies that bulls are not loosening their grip at lower levels but at the same time bears are putting pressure at higher levels

● Now it has to surpass and hold above 31150 zones to witness an up move towards 31500 then 31750 zones while support are seen at 30500 then 30250
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● Nifty index had a volatile session as it drifted towards 11770 zones but it bounced back sharply over more than 100 points and settled near the opening level. It formed a Dragon Fly Doji on daily scale and Spinning top candle on weekly chart which indicates tug of war between bulls and bears

● Now it has to hold above 11888 zones to get some stability and move towards 12000 - 12041 zones while supports are seen at 11761 then 11660

● Max Put OI is at 11500 then 11000 strike while Max Call OI is at 12500 then 12000 strike. Minor Call writing is seen at 12500 then 12100 strike while Put unwinding is seen at all immediate strike price. Option data suggests a wider trading range in between 11750 to 12250 zones

● India VIX fell down by 4.86% at 14.77
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● Bank Nifty managed to hold 31250 zones and headed towards 31600 levels. It formed a Bullish Engulfing Candle on daily scale as it regained the losses of the previous session and managed to close above 31500 zones

● Now Bank Nifty has to hold near to 31313 zones to witness an up move towards 31712 then 32000 levels while major support exists at 31150 then 31000 zones
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● Nifty index managed to hold immediate support of 11850 zones and extended its gains towards 11970 level. It formed a Bullish Candle on daily scale and given a highest ever daily close. It has been consolidating in between 11800 to 11970 zones from last four trading sessions and requires a decisive breakout on higher side to extend its gains towards new life time high territory

● Now it has to hold 11850 zones to witness and up move towards 12000 then 12041 zones whiles supports are seen at 11850 then 11761 levels

● On the option front, for the June series option data is scattered at various strike prices since it’s the beginning of new series. Maximum Put OI is at 11500 then 11000 strike while Max Call OI is at 12500 then 12000 strike. We have seen Put writing at 11600 and 11500 strikes while Call writing is seen at 12400 and 12300 strikes. Option data suggests an wider trading range in between 11550 to 12250 zones

● India VIX fell down by 4.88% at 15.61 levels. Overall decline in VIX suggests that now short term stability and formation of higher base could be seen in the market
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● Bank Nifty opened negative and witnessed selling pressure towards 31250 zones. It finally negated its formation of higher lows after eight consecutive sessions which implies some pause in positive momentum. It formed a Bearish Candle followed by a Hanging Man candle on daily scale which suggests that follow up is missing at higher levels

● Now Bank Nifty has to hold near to 31150 zones to witness an up move towards 31500 then 31750 levels while major support exists at 31000
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● Nifty index has negated the formation of higher lows of last 3 sessions and got stuck in the wider trading range of Election day. It failed to surpass previous day’s closing of 11930 zones and drifted towards 11835 levels. It got stuck in the range of 130 points in last three sessions in between 11800 to 11950 zones and requires a decisive range breakout to get some trending momentum. It formed a Spinning Top followed by a Hanging Man candle on the daily scale which indicates that hurdles are seen at the higher band of the trading range

● Now it has to hold 11800 zones to witness and up move towards 11950 then 12000 zones whiles supports are seen at 11761 then 11666 levels

● Max Put OI is at 11000 then 11800 strike while Max Call OI is at 12000 then 12500 strike. Meaningful Call writing is seen at 12000 then 11950 strike while Put Unwinding is seen at all the immediate strikes. Option band signify a trading range between 11750 to 11950 zones

● India VIX moved up by 3.06% at 16.40 levels. Overall decline in VIX suggests that now short term stability and formation of higher base is seen in the market but a small jump in volatility could see a restricted upside
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● Bank Nifty opened positive at new time high of 31712 mark but failed to hold its higher zones and remained volatile throughout the session. However it has been making higher lows from last 8 sessions and managed to recover from lower levels to form a Hanging Man Candle on daily scale

● Now Bank Nifty has to hold above 31313 zones to extend its move towards new life time high of 32000 then 32250 levels while major support exists at 31000 then 30500
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● Nifty index remained consolidative for most part of the session and drifted marginally towards 11860 zones. However decline was bought and it managed to close flattish by reclaiming 11900 zones in last hour of the session. It formed a Hanging Man Candle on daily scale but forming higher lows from last three session and traded inside the wider trading range of Election Result day

● Now it has to continue to hold above 11850 zones to extend its move towards 12000 then 12040 zones while support is seen at 11761 levels

● Max Put OI is at 11000 then 11700 strike while Max Call OI is at 12500 then 12000 strike. Put writing is seen at 11900 then 11750 strike while minor Call writing is seen at 11900 then 12000 strike. Option band signify a trading range between 11700 to 12100 zones

● India VIX fell down by 1.65 % at 15.92 levels. Decline in VIX suggests that now short term stability and formation of higher base is seen in the market so continue to be with buy on decline strategy in the market
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● Bank Nifty has been making higher lows from last 7 sessions and managed to close near its life time high territory of 31650- 31700 zones. It formed a Bullish Candle on daily scale as sustained buying interest was seen throughout the session

● Now Bank Nifty has to hold above 31150 zones to extend its move towards new life time high of 32000 then 32250 levels while major support exists at 31000 then 30500
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● Nifty index opened positive in line with the momentum of last Friday and headed towards 11950 zones. It has given a highest ever daily close and trading 100 points away from its life time high of 12041 levels. It formed a Bullish Candle with higher lows on daily scale but traded inside the trading range of Election result day

● Now it has to continue to hold above 11850 zones to extend its move towards 12000 then 12040 zones while support is seen at 11761 levels

● Max Put OI is at 11000 then 11700 strike while Max Call OI is at 12500 then 12000 strike. Put writing is seen at 11800 then 11900 strike while minor Call writing is seen at 12300 then 12100 strike. Option band signify a trading range between 11700 to 12100 zones

● India VIX fell down by 1.70% at 16.19 levels. Decline in VIX suggests that now short term stability and formation of higher base is seen in the market
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● Bank Nifty has been making higher lows from last 6 consecutive session and closed the week with the decent gains of around 6%. It made a new life time high of 31705 on the Election outcome day and given a highest daily and weekly close above 31200 zones. We have seen buying interest in most of the Private and PSU Banks and a follow up buying could lead them for fresh breakout territory

● Now Bank Nifty has to hold above 30500 zones to extend its move towards recent high of 31705 then a fresh rally towards 32000 and 32250 levels while major support exists at 30250 zones which has provided major support for the last entire week
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