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Sensex Expiry Special Analysis|Hero Zero Trade will be By 1:15pmGood Morning Traders, i hope you all will be doing good in trading. Yesterday it was really a good day for option buyers and hero zero trader, as there was huge and one sided momentum in all the indexes. So, today is Sensex Expiry day let's see if we can get same hero zero trade like yesterday. Sensex have given closing at all time high, there is no any price action data for upside on chart, but momentum can be resume for upside. Well i have marked and written most of things on chart, but will write here too. Important levels for Sensex:- Buy above 67602 if levels gets sustained at least for 15 mints. Targets will be 67782/67895 Keep Stop loss at 67302 Sell below 67302 if levels gets sustained at least for 15 mints. Target will be 67076/66892 Keep Stop loss at 67602 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.
BSE:SENSEX
by TraderRahulPal
2
Nifty 50 - 13 July 2023I have been explaining the levels and logics behind my trades in my videos. Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel. Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria. Do follow and subscribe if you like the analysis . I expect the market to be Bearish Today. Trade or invest according to your analysis. This is just my view . <----- 3MRT Trading ----->
NSE:NIFTYShort
by Harish-P
PostMortem on Nifty50 Today & Analysis of 28 JUN 2023Quarterly Analysis of Nifty50 — 31 Mar 2023 to 28 Jun 2023 N50 also rose 11.06% ~ 1888pts, percentage wise same as BN. The price action of N50 was much more healthy with 2 proper legs & occasional retracement that gave it further thrust. If you analyze the pattern from 01 Dec to 28 Jun it looks like a perfect V shape. 16962 support which provided the crucial turn around will be remembered for the next 2 quarters. -- Daily Analysis Nifty50 N50 came prepared today to take out the ATH. During the report yesterday — we did seriously consider this possibility. The momentum really favored the bulls and once RELIANCE started contributing — gains started flowing like a song! Gap up gave N50 a head start of 0.38%, intraday it swung 1% & finally closing with 0.82% gains. Whats Next? would be an ideal question now. Indian stock markets are at euphoric levels even without strong retail participation. Once the news hit the common people, will the FOMO kick in? Stock markets are no way a reflection of what is happening in the economy. The prices of groceries, vegetables, eggs etc are rising day by day — straining the budget of common people. Will the economy rise to match the stock market or will the market falls to be in sync with the economy — only time will tell !
NSE:NIFTY
by viswaram
PostMortem on Nifty50 Today & Analysis of 27 JUN 2023Nifty opened right at the resistance zone of 18762 and then had a flattish pattern. Again the gap up would be due to front running by few players. Instead of falling to the previous close level - N50 held its ground and was aiming for resistance level breakout. The price action was not as dramatic as BN or Finnifty as the resistance breach came in very late in the day i.e. at 14.10. Once it broke out from this strong hold, it rallied another 68pts within 1hr. Today's price move has shifted the bias to +ve and it may also have enough firepower to take out the ATH by tomorrow. RELIANCE, ITC & other FMCG stocks did not participate in the rally today - so it seems like tomorrow is going to be an interesting bull side day. 1hr TF In yesterday's research report I had indicated N50 showing a bearish bias. Mainly because we had a support breach after what it looked like a M pattern aka double top. We have not completely negated that pattern, but the intensity with which N50 broke through the resistance - I will have to change my view. Technically N50 could push through the ATH by tomorrow as there is nothing resisting its way!
NSE:NIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 22 JUN 2023Weekly Analysis of BankNifty Banknifty is up 259pts between 15th to 22nd June i.e. current expiry week. Interestingly, BN was looking at steeper cuts on 15th - the price action was pretty negative. Luckily that level is still sacrosanct and has formed an interim support as we had one more retest @ 20th June. Today's Analysis The major anomaly that stands out in today's trade is the inverted V shaped pattern. 8 consecutive green candles to rise 324pts ~ 0.74% and then 5 consecutive red candles to fall 377pts ~ 0.86%. We opened inline and the close was in red, down -0.31%, but this unique rise2fall stands out. Nifty50 also had a similar pattern which we will discuss shortly. Its quite normal to expect some choppiness due to expiry, but the magnitude of 300+ move getting negated immediately - looks like a strong hand at play. Pattern similar to low Mcap pump and dump penny stocks. BN has still not managed to cross the 44068 resistance & poses a big question mark on why its not supporting N50 to take out its ATH. Nifty50 on the other hand came prepared to take out the ATH today, unfortunately NiftyIT was not supporting it. BN gave initial push 18886.6 we are just 1pt short of the last ATH hit on 01 Dec 2022. The Narendra Modi factor would be at play here, his current US visit may bring in more job, investment, partnership opportunities & the quick to gain from all these would be the Nifty50 companies. The fall of 108pts ~ 0.57% between 10.25 to 13.05 and then a fall of 102.1pts ~ 0.54% from 13.45 to 15.15 looked quite serious. The support of 18762.9 was held and we closed just above that. The pump-and-dump like pattern even though visible is not creating anomaly in N50 because today's price action in whole looks like a 2 legged downside fall. 1hr TF for N50 has formed a double top like pattern. Further trades below the support of 18762 will give it downside momentum.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 25 MAY 2023 expiryThose who trade banknifty & nifty expiry will be excited to trade bankex & sensex expiry on 26 May 2023. I guess it will be the first expiry to be opened to retail traders ! I just checked the zerodha kite app, the option chain is still not integrated it seems, also the weightage of bank stocks of banknifty (NSE) is not same as bankex (BSE) - so request you to monitor the accurate component stocks before making a wrong decision. --- Weekly Analysis From 18th to 25th of May 2023, banknifty has dropped only 89pts ~ 0.2%. Traders who had taken weekly short straddles or short iron fly would have been highly benefited. Banknifty is able to hold its ground very well. After 11th May, it has not even fallen back to its first legitimate support level of 43253. Thats where we need to credit the bulls. I strongly felt we might breach support today, but the 14.15 hourly candle (+181pts) really surprised me. --- Today's analysis We opened inline and fell in the perfect slope as per the momentum set yesterday. There was no surge in volatility or abrupt moves, the fall was linear, steady and slow. At 11.30 there was a brief recovery till 12.20. The fall after that from 43601 to 43390 was looking like a possible candidate for further follow-up selling. Unfortunately that did not come and instead we had a reversal of 323pts that helped banknifty close the day with no loss. We have been seeing the 14.30 to close moves on all expiry days, it seems its very easy for the big boys to play out their strategy late in the day. The option premiums are unaffected as the decay has eaten into all the juice and just the near ATM strikes are all that matters. The real moves only if it comes early in the day will set a directional trend. Since we have expiries very often now, its quite possible to get the results with very little disruption. Although its good for option sellers in the short term - what it does is reduce the premiums in the long run. --- 15mts chart is the perfect range bound flattish pattern. There was a brief period when we just broke down from the usual range. Due to this break, I was assuming we will have more downward momentum. Only to have ended the day with worthless PUTS. --- 1hr has formed an odd shaped triple top, due the the awkwardness of this shape - I am not even pretty sure if it will work or not. This is formed near the ATH. Again the value of something bigger happening is highly dependent on the support levels of 43253 getting broken. As long as that level remain intact - whatever pattern that gets formed will not count.
NSE:BANKNIFTY
by viswaram
Bank Nifty - 23 May 2023I expect a Gap Up opening in NSE:BANKNIFTY Nifty might fall till the Zone Marked to retest and the bounce back up to the targets. Target 1 - 44060 BankNifty is quite interesting today as NSE:CNXFINANCE Expiry ...!!! it takes Perfect Support/Resistance on Trend Lines. it forms a Triangle Pattern . Retested a 'W' pattern. My levels and views chnage depending on market opening...!!! Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
NSE:BANKNIFTYLong
by Harish-P
1
Nifty - 23 May 2023I expect a Gap Up opening in NSE:NIFTY Nifty might fall till the Zone Marked to retest and the bounce back up to the targets. Target 1 - 18360 Target 2 - 18400 All sellers are taken out according to chart, so to bring in Sellers, NSE:NIFTY might form series of Lower Highs and trap them. Don't forget today is NSE:CNXFINANCE Expiry...!!! My levels and views chnage depending on market opening...!!! Trade or invest according to your analysis. This is just my view. <----- 3MRT Trading ----->
NSE:NIFTYLong
by Harish-P
1
PostMortem on BankNifty Today & Analysis of 09 MAY 2023 finniftyThe real move came a little late today, from 12.45 to close wherein NSE:BANKNIFTY gave up 403pts ~ 0.93%. I was expecting the fall to come in the morning session - but the finnifty expiry trades would have limited this damage to a great extent. For some reason Axis Bank and IndusInd bank was quite strong today counter balancing the fall in SBI. Remember the Fibonacci discussion we had yesterday - seems like its playing its part, but not until all the strike premiums got eroded on NSE:CNXFINANCE .  The late movements on the index has become a mainstay these days - it is a safe strategy for the big boys not to burn their pockets. So today banknifty has taken out 1 support level at 43253, at 15.10 (5mts TF). All that while the markets were slowly grinding up, I was also quite surprised by the strength showed by the bulls today - with a negative sentiment prevailing they were not giving up. It took 4 red candles from 13.45 to 14.00 just to shake them. --- 15mts TF has not turned bearish yet, we would need a close below 42576 for that. At any point in the next 3 sessions if NSE:BANKNIFTY is able to take out 43700 levels then the chart will look bullish. So if the bears has to do something - now is the time. --- 1hr TF is shown with the FIB levels, today's reversal came at 78.6% retracement level and not at 61.8% (so my first assumption was wrong). Also the strength of the bulls were too strong that my bearish opinions were weakly held. --- Finnifty had a similar pattern to banknifty, but the support provided by HDFC in the early part of the day was quite evident. The FIB levels are exactly same for both the indices - today's reversal came exactly at the resistance zone of 19421. From an expiry stand point, the margin requirements on finnifty options are comparatively lower giving a higher returns for the same risk vs banknifty. Will NSE:CNXFINANCE gain more popularity than banknifty due to this??
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 04 May 2023 - expiryWeekly Analysis NSE:BANKNIFTY has gone up by 1.58% ~ 678pts from last Thursday to today. It has taken out 2 crucial resistance points in the process and nearing the ATH now. Really impressive performance - the banks in India are standing out with their outperformance. Global financial institutions are melting down and many US banks are trading less than 50 to 60% below their ATHs --- Today's Analysis Banknifty opened inline today and had a parabolic upside move, something that we usually see during range breakouts. At present banknifty is not in a range, so the price action could even be due to short covering. Of the 0.86% gained today, 0.71% aggressive move came between 14.15 to 15.10 - once the HDFC declared its results. Since today was an expiry day, the last 1 hr move would have shocked many.  43500 CE option chart would have amazed many by a 530% upmove between 14.15 to close. When the VIX is low, volatility is at its lowest point - the option buyer gets a rag-to-riches kind of story like this every week. The same spike was available on 18200 CE Nifty50. I was not really interested in fishing for these opportunities even though the risk:reward looked interesting. Mainly because I prefer to sell the options first rather than buy. --- 15mts TF is showing today's move quite prominently. Once it took out the swing high of 02 May there was no stopping. Most of the option traders would be frustrated as the moves are coming only in the last 1 hr - this would spoil their trading plans. Also during low volatility & low option premium periods - positional trading gives far more returns than intraday. --- 1hr TF shows the new higher-high that got formed. In yesterday's report we discussed the possibility of the same happening. What is more surprising is how it happened today even after FED raised interest rates to 5.25% & SP:SPX tanked 0.7% overnight. --- NSE:NIFTY has also created a higher-high and closed above 17976 conclusively. The next resistance is at 18419
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 26 APR 2023I am sure most of the traders would be surprised with the kind of bullish price action we saw after 10am. Since SP:SPX closed -1.58%, NDQ -1.89% yesterday - most of them including me expected NSE:NIFTY and NSE:BANKNIFTY to close in deep red today.  The gap down opening at 42559 was perfectly at the support level and from there we wont only 163pts down to reverse the direction & sentiment. We had a rally of 1.01% ~ 426pts from the LOD. The price action at the SR level is worth mentioning as we spent 55mts there before breaking out. There is no surprise with banknifty closing in green as bullish is the prevailing trend on the 1hr chart - but to have outperformed the US markets is real something.  Although I do not know what is the reason - it is worth researching on as the US market dips were due to the banking sentiment yesterday - First republic bank, UBS. This literally had no impact on our banks is something thats worth mentioning. --- Nifty50 had a similar chart with banknifty but it looks more positive. It has caught up to the recent swing high of 13th April indicating the weakness in IT may have got overshadowed by other performers. --- 15mts chart is now looking bullish again after yesterday's subdued performance. The next resistance is seen at 43012. The support of 42576 which held its ground today will give the bulls a lot of hope today. --- 1hr is also looking strongly bullish. The independent islands formed by the gap-ups shows the strong momentum too. Although hard to believe - banks in India are proving to be very strong & resilient to global bad news. My question is are the foreign institutional investors also thinking so?
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty & Analysis of 25 APR 2023 + Finnifty EXPFor traders who are playing NSE:BANKNIFTY expiries on Thursdays can play the same trades on FinNifty on Tuesdays. The margin requirements are lower and now since the option premiums are staying low - the ROI in finnifty is better than banknifty. Today was a flat day, open was at 42731 and then it was struggling to keep the momentum up. We had a gradual rise upto 42865 by 11.20 and then we started falling.  The fall itself was not convincing, only a 196pts dip & then it got bought into. This time we did not take the swing high but maxed out at 42827 @ 14.40. The second fall was showing a bit more strength but we ran out of time, we had a dip of 220pts from 14.40 to 15.20 Even after all this banknifty still closed in green, up 42pts. The expiry on Fininfty would have played its part which we will discuss shortly. --- 15 mts TF also showing a bit of tiredness after a good session yesterday. Will banknifty protect the 42576 support is what we need to look at. In spite of all the bullishness yesterday I seriously thought we might have a retest of 42576 today. --- 1hr TF has made a rounded top as of now. Its not confirmation of a top as-it-is. We would need further price action to confirm that. The signs of momentum tiredness was visible in last 4 candles of today. --- Coming to the NSE:CNXFINANCE expiry, 18971 SR zone was active today. There were 3 tests on the 15mts TF today. I was ready with the 18900 PUT option but the support break came in very late ~ 15.15 today. At 12.30 the same put option was active and might have continued to be in the money if not for the quick rejection candle at 12.45 wherein it recovered 0.24%. This SR zone was impacting the movements on the banknifty as well. For the expiry traders it was a perfect day as the closing was flat and they would have got the max bang for the straddles.
NSE:BANKNIFTY
by viswaram
NIFTY important support resistance areasNSE:NIFTY important resistance support areas in nifty for expiry, nifty hasnt been giving much movemnt in last 2 sessions, dont hold options for long as decay might become fast if nifty remains slow and short ranged today as well. trade light quantity and stay strong with proper risk management, if possible avoid trading current expiry options for 1st session, prefer next expiry options as decay wont be an issue if nifty stays slow and short movement is given.
NSE:NIFTY
by ajinkyadiwakar717
Nifty: Important levels for trade day 13 April 2023We are looking at hourly chart of Nifty. Result season has officially begun with TCS results out Let’s see what Data is telling us… Index Futures Retail traders squared off 7099 Long positions and added 10005 Short Contracts FIIs added 7717 Long contracts and squared off 11004 Short Positions Pro traders added 3776 Long contracts and squared off 1589 Short contracts Index Call Option Retail traders added 2.55 Lakh Call Long contracts and also added 2.59 Lakh Call Short Contracts FIIs added 57.86 K Call Long contracts and added 78.23 K Call Short Positions Pro traders added 1.30 Lakh Call Long contracts and added 1.06 Lakh Call Short contracts Index Put Option Retail traders added 6.43 Lakh Put Long contracts and added 5.29 Lakh Put Short Contracts FIIs added 1.22 Lakh Put Long contracts and added 1.12 Lakh Put Short Positions Pro traders added 1.95 Lakh Put Long contracts and added 3.20 Lakh Call Short contracts Given the chart set up and Data inputs Important levels on Nifty spot for 13th April 2023 Important levels on the upside 17839 / 17872 / 17911 Important level on the downside 17743 / 17712 / 17678 In Nifty Futures, 17833 is key for Nifty Futures. Below that next level on Futures is 17766 Take care & safe trading..!!!
NSE:NIFTY
by indiamarketoutlook
BANKNIFTY 29th March MONTHLY OPTIONS IDEA The Bank Nifty index has been on a roller-coaster ride in the past few weeks, with sudden dips and recoveries. With the expiry of March monthly options coming up tomorrow, traders are eager to find profitable trade ideas. The Bank Nifty is the index that represents the performance of the banking sector in India, comprising of the 12 most liquid and large capitalized banking stocks. The Bank Nifty monthly options are widely traded and provide ample opportunities for traders to make profits. In this idea, we will explore some Bank Nifty 29th March monthly options ideas that traders can consider while trading tomorrow.
NSE:BANKNIFTY
by Trader_Hu_Mai
4