Is more downside left for Nifty? Probably 8050?

Nifty showing downtrend in the Heikin Ashi chart.

The recent day’s sharp downfall is indicating that the end is not near. Friday Nifty has created negative candle (with no head) in the Heikin Ashi chart after the indecisive candle in Heikin Ashi’s chart on Thursday. The Relative Strength Indicator is also not showing the oversold signal yet. The D- in the Average Directional … Read more…

The power of implied volatility in Long Straddle and Long Strangle

The Long Straddle and Long Strangle option strategy will be used when trader suspect that the underlying price will go in either direction because of any major event (such as result announcement, major policy announcements etc). Long Straddle is buying of both Call & Put options which are at same strike price and same expiry month. … Read more…

Buy cipla

Cipla is one of the stock which didn’t participate in the recent rally. Of course almost all the stocks from CNX Pharma index didn’t participate in the rally.  In the last three days Cipla has went up from 381.5 to 404 levels which is almost 6 percentage jump. The three days rally has formed Three … Read more…