Gold Price at Supply ZoneGold price has reached Supply Zone . Gold is taking rejection from supply zone . If sustains we can see a downward moment till Demand Zone .
Zone to Zone Trading ,
Contains IO script
Bank Nifty Zone to Zone Done.Bank nifty price took rejection from Supply Zone sustained and showed down ward moment till Demand Zone . Price again took rejection from demand Zone .
Nifty at supply zone.Nifty price at supply zone . if price gets rejection and sustains then we can see a downward moment till Demand Zone .
THERMAX LTDTHERMAX LTD, Cup and handle formation, after handle tightening completed and then BO. Looking strong chart in weak market.
Sensex chartPrice took rejection from demand zone .. reached the target of supply zone.
Price broke supply zone retested and reached target of XI zone
Todays nifty chartPrice Took rejection from demand zone continued the upward moment till supply zone. Supply Zone break out and retested again upward moment continued
Trading made easy
Zone to Zone trading
Gold done zone to zone.Gold took rejection from demand zone, sustained upward moment and reached target supply zone
Again took rejection from supply zone and reached target demand zone .
Zone to Zone trading
Trading made easy
Crude Oil done zone to zoneCrude Oil took rejection from supply zone. Sustain downward moment reach demand zone
Nifty index on Demand ZoneNifty index is on demand zone, Taking multiple rejection on smaller time frame. if sustains we can see an upward movement till Supply Zone .
Alog , Coding, New Challenges , Looking for Pine Coders Hi i Just put up this video to reach out people at large for better coding results in Pine coding
its very wonderful tool one can use it in real time and get to know the proper entry and exit
we are very new to this kind of coding , Especially me being complete Zero in Coding
We are testing these two pine coding which is based on
01) Algo code which is calculated using momentum and volatility
02) Moving average Code which is simple moving average coding
03) Alligator indicator which is a Good indicator created by Bill Williams
using these 3 i am trying to fine tune and note the things required to change in the coding
My Reach to Pine coders only for NSE /BSE or specifically Indian Community who knows how we trade in the Market can DM me your contact or email so i can reach you with methods i would like to share it
Thanks
28 Oct 2024 - NIFTY Predictions (Next Trading Day)1. Index Chart Details
Index: Nifty 50
Date: October 25, 2023
Time Frames Analyzed: 15-Minute, Daily, Weekly, Monthly.
2. Support and Resistance Levels
Based on typical patterns observed in charts, here are the calculated support and resistance levels:
15-Minute Last peak around 24,780 Recent swing low at 24,700
Daily Last significant high of 24,800 Recent swing low near 24,500
Weekly Previous week's high at 25,000 Last week's low around 24,300
Monthly Monthly high close to 27,000 Key psychological level at 24,000
3. Market Scenario for Next Trading Day
Based on the analysis of the charts, we anticipate several market scenarios for October 28, 2024. Here’s a summary table:
Scenario Likely Condition
Gap Up Possible
Gap Down Unlikely
Flat Possible
Slight Gap Up Likely
Slight Gap Down Possible
Bullish Likely
Bearish Possible
Super Bullish Unlikely
Super Bearish Unlikely
Range-bound Likely
Start Bullish, then Range-bound Likely
Start Bearish, then Range-bound Unlikely
Fully Range-bound Poorly Likely
4. Options Strategies
Given the expected market conditions, the following options strategies are recommended:
Strikes to Trade:
Bullish Scenario: Buy 24,800 call if market momentum is positive.
Bearish Scenario: Buy 24,500 put if bearish signals are confirmed.
Specific Options Strategies:
If Gap Up / Flat: Consider initiating a bull call spread using 24,800 calls.
If Gap Down / Bearish: Look into a bear put spread around the 24,500 level.
5a. Calendar Spread Strategy
For a Calendar Spread, the following configurations are advised:
Daily: Buy 24,800 call for today, sell a next expiration 24,800 call.
Weekly: Buy 24,600 put, sell the next expiration 24,600 put.
Monthly: Buy 25,000 call, sell the next expiration 25,000 call.
5b. Daily, Weekly, and Monthly Trends
Time Frame Trend Key Observation
Daily Bearish Price action remains under recent highs indicating selling strength.
Weekly Neutral Market appears to consolidate with few clear signals.
Monthly Bullish Sustained upward momentum long-term, despite potential corrections.
6. Trading Recommendations for ATM, ITM, OTM
For options trading advice based on the positioning of options, consider the following table:
Type Recommendation Timing Suggestions
ATM Trade Best suited for high volatility during market hours.
ITM Trade with caution These could yield quicker returns, but carry greater risk.
OTM Don’t Trade Higher risk and lower likelihood of achieving profits.
Conclusion
This structured analysis should assist you in making informed trading decisions for the next trading day. Do comment below.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
25OCt2024 - NIFTY Predictions (Next Trading day)1. Index Chart and Time Frames
Index: Nifty 50
Date: October 24, 2024
Time Frames:
Weekly (1W)
Daily (1D)
15-minute (15M)
Monthly (1M)
2. Support and Resistance Levels
Support Levels:
Daily: 24,341.20 (recent low)
Weekly: 24,399.40 (current closing)
Resistance Levels:
Daily: 24,480.65 (recent high)
Weekly: 24,978.30 (previous high)
3. Market Scenario for Next Trading Day
Opening Gap Slight Gap Down
Market Sentiment Bearish
Expected Movement Start Bearish, then Range-bound
4. Options Strategies
Recommended Strikes:
Bearish Scenario: Buy 24,300 Puts
Range-bound Strategy: Sell 24,400 Calls and buy 24,500 Calls
5a. Calendar Spread Strategy
Strikes for Calendar Spread:
Daily: 24,400
Weekly: 24,300
Monthly: 24,500
5b. Trends Table
Daily Bearish
Weekly Bearish
Monthly Bullish
6. Trading Recommendations
ATM Trade Morning session
ITM Trade Morning session
OTM Don't Trade All day
Summary
The market is expected to open slightly down and remain bearish initially, with potential for range-bound movement later in the day. Focus on bearish options strategies, particularly around the 24,300 and 24,400 strikes.
Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
Nifty Rejection XI ZoneBank Nifty is too volatile today, Nifty index is taking Rejection from XI Zone , If sustains we can see a good downward moment
Head and shoulder - PlayingHello Friends,
As I have mentioned during last week, H&S is playing out in Nifty 50.
Let us wait and watch how it goes.
Bank Nifty break out & RetestBank Nifty did break out and retest of Supply Zone .
If sustains upward moment we can see a upward moment .
Crude Chart Zone to Zone Crude took reversal from Demand Zone, reached Supply Zone .
Gave break out of Supply Zone and target is XI zone .
Just reversed before touching the Zone.
Silver FuturesSilver Futures did break out of Supply Zone retested the Zone and reached the Target Zone XI level
Bank nifty done zone to zoneBank nifty took rejection from demand zone and then upward direction moved to supply zone, took rejection from supply zone in downward moment reached demand zone . Demand zone break out retest and target was XI zone .
All zone to Zone done
Bank nifty done zone to ZoneBank nifty took rejection from supply zone .. reached the target of demand zone . Once demand zone was broken retest and target was FI zone .
All zone to Zone done.
Crude done zone to zoneCrude took rejection from supply zone, reached target of supply Zone .
Zone to Zone done
Nifty Respecting ZonesRejection from Supply Zone.
Reached Demand Zone .
Break Down of Demand Zone Retest and now target FI Zone .
Bank Nifty taking Rejection from Demand Zone. if sustain rejection we can see an up ward move till Supply zone .Zone to Zone trading .
