TraderRahulPal

Expiry Day Special analysis || FinNifty Hero Zero Trade 01/08/23

NSE:CNXFINANCE   Nifty Financial Services Index
Hello Traders, Good Morning, i hope you will be doing good in your trading and your life as well as. I have done analysis on Finance nifty as today is weekly expiry. So let's start,,

We have seen some pull back in all indian indices in yesterday's session, i think this should continue, as global market also supporting. Finance nifty also done same, let's see what is going to happen today.
If i talk about support and resistance for Finance nifty, then There is support in the zone of 20175-20200 in downside and i think Finance nifty will give respect for this today's session. Guy's try to buy in support zone also, if you see any price reversal pattern on downside and keep stop loss at 20125.
For Resistance we can see in the range of 20358-20375, and if Finance nifty will break above these levels and trade at least for 30 mints then our buying order should triggered, as then we can see bullishness in Finance Nifty and that momentum will lead the rally towards 20450-20500 levels.


Important Levels for Finance Nifty:-

Buy above 20358, if levels got sustained at least for 30 mints.
Target we can see in upside 20441/20481/20537.
Keep stop loss at 20200.

Sale below 20200, if levels got sustained at least for 30 mints.
Target we can see in downside 20125/20065/20011.
Keep stop loss at 20358.

Note:-
Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Comment:
Hello Guy's time has come for hero zero trade,,Market have already given a downside move in all indices,, As market looking bearish, we will try our hero zero trade put side.. just give me more 15 mints, i will come with high risk and reward trade. So be prepare and like my post till then.
Thankyou
Comment:
guys buy hero zero trade

take 20300 put now at 35
Comment:
Keep stop loss at 12
Targets will be 59/78/96/135+

And hedge with 20400 ce now at 14 (this is incase if our analysis goes wrong)

Okay trade carefully and go with less qty
Comment:
guy's our hero zero doesn't work well.
anyway no problem.
enjoy
keep liking and following to us.
thankyou

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

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