On May 14, the market set a high of 24,696.75 and a low of 24,535.55. Stopstick RSI, TSI and RSI all showed the above pace. RSI is above the level of 63, indicating a bullish zone. A positive crossover was seen in TSI and the volume delta continued to be positive, which confirms the uptrend.
According to the option chain data for the expiration date on May 15, the strongest put support is at 24,700 and 24,800. On the call side, heavy resistance is seen at 24,800, 24,900 and 25,000. Max Pain is at 24,600, while PCR is 0.73, which indicates a slight recession. However, price action and indicators simultaneously show the possibility of a contract rally.
According to the Hora chart, if the auspicious time is to be traded, according to Mumbai, on Thursday, May 15, the following Hora will be favorable for trade. 10:25 to 11:30 in the morning: Mercury Hora (faster), the best time for the boom. 1:40 to 2:45 in the afternoon, Guru Hora (auspicious), confirmation of the boom. 2:45 pm to 3:50, Mars Hora. 3:50 to 4:56 pm, Sun Hora, Opportunity for Profit Booking or PE Entry.
When to buy: When it comes to the full strategic plan, buy the first entry time from 10:25 to 11:30, action: 24,700 CE, condition: If the market opens near 24,700–24,750 and moves upwards. Target: 50-75 points, stoploss: below 24,620
Second entry time: 1:40 to 2:45 in the afternoon: Buy CE at 24,800 or 24,850, condition: If the market is trading at 24,680+ and there is a volume. Target: 60-90 points, Stoplos: Take the previous candle.
Exit or profit booking time after 3:50 pm. Exit Action CE. If the market is close to 24,850–24,900, short trading can be done at 24,900 PE. Target: 40-60 points. If you talk about how vigilance, avoid new deals from 12:35 pm to 1:40 pm during Saturn Hora. Keep SL tight in Mars and Sun Hora after 2:45 pm.
Note: The information provided here is provided only for the purpose of information, it is important to mention that the investment in the market is subject to the risks of the market. So always consult an expert before investing.
Investment means savings. It’s a weapon that is your true partner in your bad times. In today’s age there are several savings or investing tools available in the market. Click here to read other investment news ..
. Source
