22SEP2021
Updated
Previous Session:
🟢 #Nifty took support near VPOC and sharply recovered and closed near day high paring the early morning losses.
🟢 #BankNifty took support near VPOC and 36588 polarity level and sharply recovered 2% closing near the day high.
🟢 #Nifty made a #VSABreakOut candle on daily charts. #RSIStairs regained 55+ levels in 75M charts with bullishness
🟢 #BankNifty made a #BullishPinBar candle on daily with wide range & very high volume & price rejection at lows.
#Nifty Technicals:
🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(72.8), W(78.98), M(78.11). ADX D(42.88)
🟡 20 DEMA = 17214. 17366/17212 is major support in #Nifty on DCB below which market will reverse the #ShortTerm trend.
🟡 VPOC of the recent uptrend is placed near 17355-17375. Closing and sustaining below will give first sign of weakness.
🟡 In case #Nifty breaks these levels and start going down, next support as per volume profile placed at 16688/16188.
🟢 #Nifty PCR is very low and can give one reason for recovery when global markets are also recovering today morning.
Global markets (Monday):
🔴 US markets opened strongly but closed marginally lower in a volatile session paring the gains. Future is flat.
🔴 European markets closed higher by 1-1.5% paring its losses from previous session. Futures trading higher today.
🟢 Asian markets trading lower. SGX Nifty trading marginally lower indicating a muted opening in the Indian indices.
News & Other Data:
🟢 FII's were net buyers of 3000cr. DII's also bought 2167Cr. No major activity in the indexes before the FED event.
🟡 Global markets looks nervous before the FED FOMC meeting. It could be nonevent & don't expect any big announcement.
TradePlan:
🔴 Selling 17550 + ATM #Straddle after 9.30 can be a good idea. After 3 volatile days market may consolidate today.
🔴 Profit booking in case of a wild gap up can be a good idea basis price action in lower timeframe charts (15/25M).
#MorningBites #MarketOutlook #GlobalMarkets #22SEP2021
------------------------------------------------------
#Nifty Fut 17212/17264/17321/17435 - 17619/17642/17720/17795
RDX Trend & Momentum Score - 75M(2*)/1D(6*)/1W(6*) #Bullish
#BankNifty 36625/36805/37024/37233 - 37558/37687/37854/37958
RDX Trend & Momentum Score - 75M(-2*)/1D(4*)/1W(4*) #Bullish
🟣 All levels to be considered upon 5/15M candle closing basis
#TradePlan #PreOpenUpdate #IndexFutLevels #22SEP2021
🟢 #Nifty took support near VPOC and sharply recovered and closed near day high paring the early morning losses.
🟢 #BankNifty took support near VPOC and 36588 polarity level and sharply recovered 2% closing near the day high.
🟢 #Nifty made a #VSABreakOut candle on daily charts. #RSIStairs regained 55+ levels in 75M charts with bullishness
🟢 #BankNifty made a #BullishPinBar candle on daily with wide range & very high volume & price rejection at lows.
#Nifty Technicals:
🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(72.8), W(78.98), M(78.11). ADX D(42.88)
🟡 20 DEMA = 17214. 17366/17212 is major support in #Nifty on DCB below which market will reverse the #ShortTerm trend.
🟡 VPOC of the recent uptrend is placed near 17355-17375. Closing and sustaining below will give first sign of weakness.
🟡 In case #Nifty breaks these levels and start going down, next support as per volume profile placed at 16688/16188.
🟢 #Nifty PCR is very low and can give one reason for recovery when global markets are also recovering today morning.
Global markets (Monday):
🔴 US markets opened strongly but closed marginally lower in a volatile session paring the gains. Future is flat.
🔴 European markets closed higher by 1-1.5% paring its losses from previous session. Futures trading higher today.
🟢 Asian markets trading lower. SGX Nifty trading marginally lower indicating a muted opening in the Indian indices.
News & Other Data:
🟢 FII's were net buyers of 3000cr. DII's also bought 2167Cr. No major activity in the indexes before the FED event.
🟡 Global markets looks nervous before the FED FOMC meeting. It could be nonevent & don't expect any big announcement.
TradePlan:
🔴 Selling 17550 + ATM #Straddle after 9.30 can be a good idea. After 3 volatile days market may consolidate today.
🔴 Profit booking in case of a wild gap up can be a good idea basis price action in lower timeframe charts (15/25M).
#MorningBites #MarketOutlook #GlobalMarkets #22SEP2021
------------------------------------------------------
#Nifty Fut 17212/17264/17321/17435 - 17619/17642/17720/17795
RDX Trend & Momentum Score - 75M(2*)/1D(6*)/1W(6*) #Bullish
#BankNifty 36625/36805/37024/37233 - 37558/37687/37854/37958
RDX Trend & Momentum Score - 75M(-2*)/1D(4*)/1W(4*) #Bullish
🟣 All levels to be considered upon 5/15M candle closing basis
#TradePlan #PreOpenUpdate #IndexFutLevels #22SEP2021
Note
Standard Disclaimer:All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.
All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).
🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.
Note
🟢 17550 #Straddle lost 25 point premium. Due to FED event decay was not more.
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EMail_ID:- support@tradersvenue.com
Telegram: t.me/TradersVenue
Twitter: twitter.com/PB_Fin
YouTube: youtube.com/channel
Disclaimer
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