We 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...
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BankNifty looks bullish No Change in RBI reporate... But due to Upside momentum in Last few Trading Session ...I am Expecting some profit Booking Here.... Important Strike price to watch 41100 PE and 41200 CE... :) ****Educational****
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...
Finnifty is trading below budget day low and is going to face resistance around it, however on 45 min tf the structure which is currently developing is suggesting that it may be forming a reversal pattern and anticipation is that inverted H&S pattern is under development. As long as recent swing low is protected it can take support at the trendline which is coming...
There is a possibility of breakout in upside in FinNifty as it has already broke the bearish trend line and taking support of bullish trend line, currently it is trading above the neckline support. One can go bullish once it starts trading above 19100-19110 levels, target would be 19300. The above analysis is only for education and research purpose
Nifty - Nifty has had a nice pullback from the lows of 17780 odd levels this week - today it respected 50 day EMA at 18164 odd levels - Will the pullback continue or will it stop??? Let's look at Futures and Options data ____________________________________________________________________________________ F&O Data analysis...
Yesterday night, I had put forth an analysis where I had suggested that not expecting a big down day closing today. Remember that - Dow was down 300 points - Asian markets were down but I had clearly written that this is not about world markets. With FIIs in holiday mood, our Nifty movement will depend on the battle between retail traders and Pro traders. ...
Buy above 43300. buy call CE or short PE if you are option seller Sell below 43000. buy put PE or short CE if you are seller take your own trade. I am not sebi registed. Happy trading.
Today is the FINNIFTY expiry. It has been in a tight range, if it breaks, it may give a good move. TATA POWER and TECHM analysis for break out. Keep these on your watchlist. Happy trading. If this helped you, share in the comment. I am not SEBI registered. Kindly take your own trades.
NSE: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...
A 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...
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...
NSE:CNXFINANCE Observations: 1) On 15 min TF we can see a trendline. Please refer below chart : 15min time frame. ------------------------------------- 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...
After 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...
From 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...
The 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...
With 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...