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Nifty Levels & Strategy for 13/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Today, Nifty traded perfectly within previously identified range (please refer yesterday's chart & strategy). FIIs have flipped the their side from selling to buying and retail flipped from bullish to bearish . We need to trade patiently and wait for right trade setup then working level by level based on technical indicator is likely to remain profitable (e.g. buying near previous day's low and profit booking near major resistance level). FIIs/Big players did exactly opposite to what retail traders did. Today, bears got trapped heavily. Retail traders should trade only in monthly options with strict SL else continue to donate your hard earned money to FIIs/Big players. Tomorrow's expiry is likely to remain volatile. Bulls, bears & options writers are likely to get chance to make decent money who will work patiently. Shall we continue with sell on rise near resistance levels and buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 12/OCT/2022 NIFTY IS UP BY 140 POINTS Name Price Previous Day Change % Change Nifty 17124 16984 140.05 0.82% India VIX 20.18 20.49 -0.32 -1.54% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 10661300, CE LTP: 1.8) Max OI (Puts) 17000 (Open Interest: 8789700, PE LTP: 35.25) PCR 0.79 (PCR is in bearish zone) Nifty Calls: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Nifty Levels & Strategy for 08/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is down by just -31.2 points. PCR shifted slightly up from 0.87 ( bearish zone) to 0.92 ( bearish zone). Nifty hit the target as expected then reversed as well. Later option writer made good money as Nifty traded in a narrow range. Call writers are getting challenged again & again. Today morning put writers run for the cover & majority of them ended up booking losses. Smart traders made money who took contra trades at major support. Highest open interest on call side at 17800 (Shifted up from 17800 to 18000) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -210.6 points. Bank Nifty offered excellent opportunities to option writers (short straddle/strangle traders). PCR shifted down from 0.91 ( bearish zone) to 0.78 (getting close to oversold zone). Bank Nifty closed above VWAP and important support zone with good buying volume which is indicating positive move is likely in Bank Nifty . Let us see how global cues works out tonight. Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Nifty Levels for 25/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading. NIFTY Nifty is slightly up by 27 points. Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearish price action on chart. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17000 (Shifted down from 17500) BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone. Highest open interest on call side at 40000 (Remained same as yesterday) Highest open interest on put side at 38000 (Shifted down from 38500 to 38000) Shall we continue to expect high volatility till outcome of Jackson Hole meeting? Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 18/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed once above 20 & 50 EMA and VWAP level. PCR (1.29) is in bullish zone. Indix VIX closed flat. Nifty highest open interest on call side at 18000 Nifty highest open interest on put side at 17800 FIIs did buying of 6729 Crores but they bought 42826 Puts contracts (Net) in Index and sold 13647 stock futures contracts. Does it mean, FIIs will start selling again. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Retail traders are heavily short in Index as well stocks. Dow Jones is down 200 plus points and Nasdaq is down 100 plus points at this point of time. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty update for 30th May 2022In yet another week of consolidation, the Nifty 50 Index stayed in a broader range of 15,700-16,400, ending near the upper edge. The index is on the verge of taking out key resistance at 16,400. The volatility also declined during the week. India VIX fell by 7.01% to 21.48. The index has stayed in the same range for three weeks in a row now, and it is making visible attempts to inch higher. The index has stopped making lower lows and formed a strong base at 15,700 levels (‘triple bottom’) and is currently trading near an important resistance of 16,400 – which will likely be broken with a gap up opening today and is expected to act as support going forward. Breakout of this level (after pullback) will confirm a trend reversal after a good accumulation phase. This will also activate the XABCD pattern with potential targets of 17,000 and 17500/600. If the index fails to sustain 16,400, it will go back to the range in which it has been trading for the last 3 weeks.
NSE:NIFTY
by Virupandey81
Nifty Updates for Next week - 16th to 20th May 2022Nifty 50 Index ended lower for the sixth straight session on Friday, reversing from earlier gains. The index logged its fifth straight week of losses, the longest weekly losing streak since the Covid-19 crash, breaking the critical psychological level of 16,000. India’s retail inflation came in at an 8-year high, and RBI indicated its intent to get the repo rate back to pre-Covid levels, adding fuel to the already weak global cues. India VIX also shot up to 23.48, indicating the fear in the markets. Week ahead The index has been in the downtrend since April last week, making lower lows/highs, facing the downward trendline resistance. After breaking the 16,000 index made an impulsive down-move and took support near the 15,700 level. A short pullback was sold into, facing resistance at the half-bat pattern (16,070), which will now act as a major hurdle. Short-term trend reversal will be possible only if this level is broken and sustained. A break above this hurdle will see the rise extending up to 16,400. A breakdown and retest of current levels will activate the ‘ABCD’ pattern, which can take the index to 15,400 levels. 16100-15700 is the important range to look out for the week. As the result season nears its last leg, markets will focus more on global cues to determine its direction. In India, WPI figures are expected to be released, and the most awaited IPO, LIC will be listed on the bourse during the upcoming week. Will the market bottom out? or are we here for more pain? Follow us for real-time updates as the week progresses.
NSE:NIFTY
by Virupandey81
4
Nifty Update for 21st February 2022The Index has been very volatile in the last week and made a more comprehensive range. #Nifty50 trend is missing in weekly, daily, and hourly time frames means we are trading in a sideways market, and index trading is tricky in a sideways market because both sides move. India USD and sgx CMP are 17175, so a flat opening is expected, and posted a 4-hour chart to understand the current market situation. 16,900 to 17,000 is a crucial level, and Index has taken multiple times to support from this level and not make highs, so be careful in the Intraday. Intraday Resistance : 17,400 Intraday Support : 17,150 Key Support : 16.900 to 17,000 Trade Accordingly!
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by Virupandey81
1
Nifty Update on 17th November 2021Nifty Update for 17th Nov 2021 ================================= Good Morning Everyone, Index behavior is falling from every rise, which is a clear sign of a downtrend market, but We still need confirmation and a clear structure. India USD and SGX both are trading on a negative note, a small Gap down accepted. I have posted 2 Images, One is in the daily time frame, and the second is in the hourly time frame. Daily time Frame ================== The Index has never broken its swing low since April 2020, which is a sign of a very bullish market; 17,600 is the previous swing low, so this level is Important support. We can see a good correction if it's Broken. The Index can change its current structure if broken and sustained above 18,220. In short, the Market cycle and structure both are missing here, and we are Trading in Indeciosn Market. Intraday Setup for 17TH Nov ( Hourly time Frame) ======================================== 18,030 is an Important level and can act as resistance in today's Intraday, Build a long Position if the Index breaks and sustain above in the first hour. For short, you guys need to wait for 17,900
NSE:NIFTY
by Virupandey81
1
Nifty Futures Key Trading Levels for 11th Nov 2021Nifty Futures Key Trading Levels for 11th Nov 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:NIFTY1!
by sbkurandwad77
Nifty 50 Intraday Trade Setup for 01st November 2021 Good Morning I hope you guys had a great weekend We were closed on Friday at 17,671, which was almost 1.04% negative from the previous trading session. The index looks weak here and can correct more in the upcoming days. FIIS profit booking is continuing, and this is the main reason for a current downfall. Over than 63,000 crores Cash out from the market, which is a considerable amount. The main question is, what is our trade setup for today and in the upcoming days. Let's talk about the Important Levels. Resistance 1 : 17,950 Key Resistance : 18,050 to 18,100 Key support : 17,650 Today Trade setup =================== India usd and sgx nifty has recovered in the Friday trading session after our market and managed to close at 17,796, almost 100-120 points up from our market closing. A sign for an 80-100 points gaps up the opening. Market sentiment is negative,so you must be careful and prefer the range shift strategy (wait to break out for the first 30-45 Minutes range)
I
by Virupandey81
Nifty Futures Key Trading Levels for 27th Oct 2021Nifty Futures Key Trading Levels for 27th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:NIFTY1!
by sbkurandwad77
Nifty Futures Key Trading Levels for 26th Oct 2021Nifty Futures Key Trading Levels for 26th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:NIFTY1!
by sbkurandwad77
Nifty Futures Key Trading Levels for 21st OCT 2021Nifty Futures Key Trading Levels for 21st OCT 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:NIFTY1!
by sbkurandwad77
2
Nifty forecasting for Upcoming session 26 Nov 2020 (Nov. Expiry)Nifty levels forecasting for Upcoming session : 26 Nov 2020 15 M chart used for analysis *Trading Range: 12742-13145 is the Trading Range for upcoming session. Sideways Zone - 12820 - 12965 *Resistance & Support /Chart Pattern & Trend:' Pls Refer the chart, 1.Again back in sideways zone after correction above fib retracement 78.6 % @ 12820, 2.H & S was formed and pattern also completed ,We can see little bit more correction as per interpretation of H&S *PE: 35.36(Today .25 Nov.2020 ) 35.90 (Yesterday .24 Nov 2020) , 35.90 (Highest PE) (Highest PE Always indicate to be alert) RSI: 65.46 (1 D Timeframe Chart) FII & DII Activity (24 Nov.2020): FII- Net Value: +24.2 Crores DII- Total Value: -1840.33 Crores Now FIIs will start offloading ,So be alert. *Call PUT OI Buildup ( Expiry :Nov 2020): Today Call option OI become stronger against the Put option OI,So we can tomorrow see either sideways or little more retracement for the next support. If any suggestion or query pls comment or ask in to chat. Disclaimer: I am not SEBI Registered ,This is just my own view.
NSE:NIFTY
by KrishnaSoni