Banknifty view for 10 Nov ExpiryNSE:BANKNIFTY is Trading in a narrow price range from date 24 nov to 4 nov.
41,500 is crucial level for banknifty. Its a strong resistance or supply zone. Banknifty is trying to break this resistance. On Nov 1 it succeed to break resistance but not able to sustain. Also this level is tested for multiple times.
On the other hand, 40850 is strong support. 2 times banknifty took support from that level and gone upside.
Banknifty is curretly neither in Up trend nor in Down trend. Its just moving in between 41500 - 40850. we can say sideways.
On longer time frame like daily or weekly we can clearly see an up trend. So if we get banknifty around 40850 and gives us a bullish confirmation we will think for Long (Bullish view) for target of 41100,41300 & 41500.
If Banknifty breaks 41500 level and sustain above that we will surely go for Long (Bullish view) for target of 41700, 41800 & 42000.
In worst case banknifty will break its support level 40850 and sustains below we can go for short(Bearish view) for target of 40600, 40500,40300.
If we think logically, most of the major banks NSE:SBIN , NSE:AXISBANK , NSE:HDFCBANK , NSE:ICICIBANK having good quarterly earning report. FII have started buying recent. So we can expect a bullish move for upcoming days. But, we are close to all time high.
Disclaimer : I am not SEBI registered analyst. Do your own analysis before taking trade. I am not responsible for your profit or loss.
Expiry
Selling opportunity in Nifty Expiry dayA 15min candle close above 17560 will indicate a bullish scenario.
Otherwise We can take the risk with a small SL
All the details are mentioned on the chart only
lets see if we can secure this trade with at least 1:1 RR.
I am posting this for Live testing purpose.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
***If you like my analysis let me know by giving boost or a comment.
I will be updating
Simple Trade Setup | FINNIFTY | 11/10/2022 [INTRADAY]NSE:CNXFINANCE
Trade Setup for 11-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | FINNIFTY | 04-10-2022 (EXPIRY) [INTRADAY ] NSE:CNXFINANCE
Observations:
1) On 15 min TF we can see a trendline.
Please refer below chart : 15min time frame.
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Trade Setup for 04-10-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NIFTY- Expiry Day Trade- 22-09-2022After the Fed meeting and decision to increase rates, the US markets witnessed volatility. Indian indices opened lower but staged a recovery in the initial 30 minutes. However strong buying support is likely to come in near 17500-17400 zones only and it may be worthwhile to take a short side trade near to 17720-17760 keeping a stop loss of 17830 and looking for targets of 17630/1758017510/17480
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for 12-09-2022From the start of the September series , i.e., from July onwards the index has run up over 2500 points. The index saw signs of weakness near 18000-18100 zone and for the last four weeks has been consolidating in a range of 870 points. There is significant buying interest near to 17500-17600 zone, but at higher levels the buying interest is yet to emerge. SGX NIFTY indicates a flat opening with a mild negative bias. If the index fails to take out and sustain the highs made on friday, we may see the index testing the strength of those who built long positions near 17700-176000 range. For the day and the weekly expiry the important levels are given below
Bullish Above 17980
Possible Upside targets 18065/18166/18210/18250
Bearish Below 17840
Possible Downside targets 17760/17630/17580/17560/17540/17460
Disclaimer
The analysis provided here is only for educational purposes. The author(s) do not assume any responsibility for the trades taken based on this analysis. Consult your financial advisor before initiating any trades. Trade Responsibly. Over trading and trades with out proper setups and risk management can wipe out your hard earned money.
NIFTY- Possible Trade for 25-08-2022The index has found support near 17300 and there seem to be a hesitation from the market participants to take the index above 17800 in the short term. We expect a decisive move giving directional clarity only if the index manages to close above 17860 or below 17440. Today being expiry, the index can remain range bound. Trading at the boundaries, expecting mean reversion can prove beneficial till the time the range is not broken decisively.
Important levels for the expiry are given below.
Bullish Above 17560
Possible Upside targets 17680/17712/17760
Bearish Below 17760
Possible Downside targets 17680/17620/17560/17513
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for 22-08-2022With the price action of last Friday session, it looks like the market is prepared to take a halt near to 17860 levels before resuming its upwards journey. The index did see some profit booking and it was consistent through out the day. The baby bulls who joined the rally late are unlikely to find green pastures at least for this series. We hold the view that the index likely to remain with in a range of 17860 -17560. Trading near these boundaries expecting a reversal can prove to be beneficial. On the lower level index may take support near 17300 -17400 zone.
Important levels to watch out for the series and expiry are given below
Bullish Above 17860
Possible Upside targets - 17960/18000/18080/18160
Bearish Below 17840
Possible Downside targets - 17760/17685/17630/17560
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY - Possible Trade for Today- 17-08-2022With the markets refusing to deviate from their upmove, it will be interesting to see the price movement for today and tomorrow. Since we have the weekly expiry tomorrow, market may want to test the strength of those who became bullish very recently and may test 17700-17600 zone. On the upside we can see the market to test the psychological resistance of 18000 if prices sustain above 17860 . On the options front 17800 has the highest call writing and 17700 has the highest put writing. If the market starts trading below 17800, it can test 17730/17700. Only a break below 17700 can scare the baby bulls.
Important level to watch out for today and for weekly expiry
Bullish Above 17860
Possible Upside targets -17920/17960/18000
Bearish Below 17810
Possible Downside targets - 17760/17730/17680/17620
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for 16-08-2022The index has been making consistent upmoves and we could see that each dip is being bought. However the move from 17500 upwards seem to lack buyer participation and since the index is approaching a trend line resistance near 17780-17860 zone we can expect some profit booking or even possible fresh shorts getting added at those levels. As of now there is no indication of a major move in either direction. Important levels for the day and weekly expiry are given below.
Bullish Above 17670
Possible Upside targets - 17760/17780/17840
Bearish Below 17640
Possible Downside targets - 17600/17540/17500/17480
Note: One may look at entering the market with a short bias once market hits the upper targets if price action confirm the short bias
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY-27-07-2022-Profit Booking to Continue ?As discussed in our study yesterday, the market witnessed further profit booking which forced the index to close below 16500. The next support levels for the index are near 16300/16200 levels. The market can move higher only if the index sustains above 16500 . However given the FnO data and price action we maintain a mild negative bias and expect further profit booking. Given that tomorrow is monthly expiry we may see some sharp moves in the 16500-16200 range. Important levels for the day are given below
Bullish Above 16560
Possible Upside targets - 16600/16660/16710
Bearish Below- 16520
Possible Downside targets - 16460/16400/16380/16340/16280
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
Nifty Spot Weekly Outlook 06th June to 10th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 06 – June 10 )
Last Weekly Nifty witness selling pressure @ 200day EMA @ 16746 on friday, while the pivot for the week @ 16223 was not breached.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16358 levels,
whereas minor resistance on the upside is capped around 16824 levels.
If Nifty50 index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 16250/16114 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16960/17095 .
Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16746 suggests long term trend is Bearish .
Range for the week is seen from 16114 on downside and 16824 on upside.
Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead.
( All Spot Levels)
RESISTANCE 4: 17095
RESISTANCE 3: 16960
RESISTANCE 2: 16824
RESISTANCE 1: 16740
WEEKLY PIVOT LEVELS: 16605
SUPPORT 1: 16469
SUPPORT 2: 16385
SUPPORT 3: 16250
SUPPORT 4: 16114
All above views for education purpose only.
Regards,
MD .
NIFTY Reclaims 17100- Levels to Watch for Weekly ExpiryNIFTY opened on a positive note and traded strongly in the positive side throughout the day. In the intraday chart the index made a triple bottom near 17150 levels and that could act as the strong support for the expiry. On the upside immediate resistance may come near 17260-17300 levels. Tomorrow being expiry day we may see volatility. However the broad range seem to be 17000 to 17260 for the weekly expiry. If in the open if the range mentioned is challenged by a gap down or gap up then it is wise to sit on the sidelines and wait for the market to stabilize. Otherwise trading near the boundaries once the boundaries are respected at least in 15 minute candle could prove to be profitable.
Important Levels are marked in the chart.
Disclaimer:
Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here
Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS
Daily Nifty Levels | End of day Nifty Support & resistance India 2022
Buy Call if sustain above 17210 stoploss - 17185 ( if Closing in 15 candle ) target as per chart
Buy put If nifty below 17185 stoploss - 17210 ( if Closing in 15 candle ) target as per chart
Dont trade before 9:30 ,
make Position Sizing
This information is for educational purposes only
Nifty Spot Weekly Outlook 28Feb to Mar 4thAs discussed in Last Analysis Below 16900 low weak made low of 16203 last week.
Falcon Analytics Outlook Nifty 50 for the week (Feb 28 – Mar4)
Technically on the daily charts we see major support on the downside for Nifty50 index lies at 16298 levels,
whereas major resistance on the upside is capped around 17176 levels.
If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 16028/15589 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 17446/17885 .
Currently Nifty50 index is trading Below 200 day MA @ 16913 suggests long term trend is Bearish.
Falcon Analytics predicts range for the week is seen from 16023 on downside and 17446 on upside.
( All Spot Levels)
RESISTANCE 4: 18324
RESISTANCE 3: 17885
RESISTANCE 2: 17446
RESISTANCE 1: 17176
WEEKLY PIVOT LEVELS: 16737
SUPPORT 1: 16298
SUPPORT 2: 16028
SUPPORT 3: 15589
SUPPORT 4: 15150
All above views for education purpose only.
Regards,
MD .
Nifty - Trend & Levels for 24 Feb 2022 (Monthly Expiry)Nifty Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
Trend : BULLISH (But)
Sentiment : Negative
We can expect small gap up open tomorrow, if so CPR / SELL Reversal will be Key resistance for Short Entry. If Gap down PDL will be our Short Entry.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your own analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis
Bank Nifty - Trend & Levels for 24 Feb 2022 (Monthly Expiry)Bank Nifty Trade Plan and Levels for Tomorrow..
Trade easily with BUY / SELL Signals...
Trend : BULLISH (But)
Sentiment : Negative
We can expect small gap up open tomorrow, if so CPR will be Key resistance for Short Entry. If Gap down PDL will be our Short Entry.
You can refer the chart for Resistance and Support levels. We can expect 37100 levels tomorrow which is going to be be support but if this breaks free fall we can expect in BN.
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your own analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis
Volatile continues where we can expect expiry. Feb 2nd expiry.Many days of volatility, we can say that the year began with volatility and that it continues, I would say. This Monday, it was b.K. 17400, which was an important fib 0.5 level. Once it is taken out, it is a proper down move. We all know that the importance of the 17000 to 17080 rage is that the rage acted as a support and bounced back again, multiple times, to 17450. A roller coaster ride for option sellers. Tomorrow, the RBI's policy meeting. interest rate fear will be there. Let's see how it ends tomorrow. If it continues above 17400, the next level to watch is 17600. On the down side, if any violation below 17350 rages, today's consolidation weakness is still there. We can expect a further decline in prices.
I am coming to the option of selling this week. Good for me. I have already booked a profit of nearly 1%. On Monday, nifty b.k 17400, I sold 17400 naked and gave a good profit, and on Tuesday, I entered my 17800CE position and waited to enter the PE side once it took a reversal. I entered 16550. The market moved up. profit in both PE and CE. I am coming to the option of selling this week. Good for me. I have already booked a profit of nearly 1%. On Monday, nifty b.k 17400, I sold 17400 naked and gave a good profit, and on Tuesday, I entered my 17800CE position and waited to enter the PE side once it took a reversal. I entered 16550. The market moved up. profit in both PE and CE.
Today's gap is filled with consolidation. I rolled up my PE to 17050 and my CE to 17700. I am holding on to it. This week I'm going to be super conservative because of last week. If nifty, open with a gap up. If it tries to break 17600, I will roll my CE PE up. If it goes below 17200, I will roll my CE down and I will probably exit the PE side if it goes below 17150. Otherwise, I could end up with this week's above 1.5%.
Day Open with a gap up. calm expiry.!It was expected that the Nifty would end this week with crazy movement because of the global clues and the market data, But a gap up, opening and consolidating. It actually respects the 200 to 250 range well. But what's more interesting is that tomorrow we might see some moves. Look at the D candle doji, or hanging man. The important level to watch out for next week is the upper side of 18350, which is B.K. We can expect Nifty to test its all-time high again, down side 18130.
As for my option selling, I started selling 18350CE and 18050PE. Nifty went in to consolidation i adjust my position to 18300CE and 18100PE easy week ending with profit. Let's see where the next expiry is.
The rise of the Nifty50, where we can expect Jan 6th expiry?We are close to our first expiry of the year. Looking at the chart, we are witnessing how beautiful the price action is respecting. Looking at the chart at the last expiry, the nifty couldn't have the strength to cross 17250, an onec that is being broken. Now is the time to bring out the nifty shootig. It's getting close to 17800. 17800 is important because it respects the channel and if the same price action follows, it might act as resistance. It may lead to retesting the range.
Looking at the weekly position, which is now at a good premium at above 17800 and the downside below, we can easily sell anything below 17500. If there is any upper-side rejection, I will begin selling CE and take a safe position in PE as well.
I am returning to my weekly position now at RED. I have an aggressive position now. My plan was to exit with a good profit this week. Hey, this is our first expiry of the year. So I entered on Friday. I used a calendar spread because on Friday it broke at 17250. I was expecting an up move. I entered the 13th expiry (17300CE) as well as the current expiry (17300CE). My plan is to keep raising the CE if the market gives a good up move. Once the 17200 is broken, I also expect a retest because that is my trading style. I enter only after a rest. I was expected here as well. I sold 17700CE. You know why? Because if a retest happens, I can book my profit at 17700 and keep adjusting my calendar spread, or I can create a good position above as well. However, on Friday, the quick spike killed my money management strategy.
But I keep adjusting my positions. I have 17800CE and the 13th (17800) as well. I keep up my call side as well. I have 13 (17300CE). I booked profit at 17300 and 17500, and am holding onto 17400 CE now. My plan for this week is that if the nifty expiry is below 17800 for me, I will end up with a net positive. I will carry 13th to 17300 CE, not planning to book a loss there. If nifty below 17800, I am expecting a down move till the 17600 level, where I am expecting a retest so I can exit 17300 CE with a decent . Other wise, if the plan doesn't work, I will exit this week with a 3-4% loss of my capital. However, on Friday, the quick spike killed my money management strategy.
But I keep adjusting my positions. I have 17800CE and the 13th (17800) as well. I keep up my call side as well. I have 13 (17300CE). I booked profit at 17300 and 17500, and am holding onto 17400 CE now. My plan for this week is that if the nifty expiry is below 17800 for me, I will end up with a net positive. I will carry the 13th to 17300 CE, not planning to book a loss there. If nifty is below 17800, I am expecting a down move till the 17600 level, where I am expecting a retest, so I can exit the 17300 CE with a decent. Other wise, if the plan doesn't work, I will exit this week with a 3-4% loss of my capital. I will end my plan only to minimise the loss or make a maximum of 3-4% loss at the worst condition in nifty touch 18000. I am also happy to see Nifty back in power.