BUY : NIFTY14OCT2525200CE( NIFTY ) [42687]

RA Name: Manjushri Sharma

TRADE RATIONALE

Stock/Instrument: NIFTY14OCT2525200CE (NIFTY) [42687]
Call Type: BUY
Entry Range: ₹85
Stop Loss: ₹55
Targets: ₹115 / ₹145
Duration: BTST / STBT
Provided by: Equity Guru MS | SEBI Reg. No. INH000019497

🔍 Technical View

• Trend Direction:
  NIFTY remains in a short-term bullish structure, forming higher highs and higher lows on the hourly and daily charts.
  Price is holding above 20EMA and VWAP, confirming continuation of the uptrend.

• Price Action Insight:
  The 25200 strike CE is showing steady accumulation around the ₹80–₹85 zone.
  This indicates long build-up from aggressive option buyers, anticipating a move above the 25200–25250 zone in the coming session.

• Momentum Indicators:
  RSI on 15-min and 1-hour charts is sustaining above 55, showing positive momentum.
  MACD crossover is in buy mode — supporting continuation towards ₹115–₹145 levels.

• OI (Open Interest) Data:
  OI addition seen on 25200CE & 25300CE, with unwinding on 25000PE — suggesting bullish bias among option participants.
  This shift confirms a short-covering + fresh long buildup pattern.

• Candle Structure:
  A bullish engulfing pattern formed near VWAP on the 15-min chart, reinforcing buyer strength.

📘 Trade Setup Summary

⚙️ Strategy Notes

✅ Entry only above ₹85 with price sustaining above VWAP.
✅ Partial booking at ₹115; trail stop loss to ₹75 once T1 achieved.
✅ Exit fully by next session’s close or if SL hits.
🚫 Avoid trade if NIFTY fails to hold above 25100 levels.

💬 Analyst View

Market breadth and FII derivatives data indicate bullish continuity ahead of expiry week.
A breakout above 25200 levels on spot NIFTY may trigger momentum buying — supporting CE targets of ₹115–₹145.
Risk-reward ratio remains favorable (1:1 → 1:2).

📜 Issued by:
Manjushri Sharma
SEBI Registered Research Analyst
📞 6269562635 | ✉️ sharma.manjushri@gmail.com
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