NIFTY- Possible Trade for 11-08-2022With the bears failing to bring down the upmove in indices, which started in June we could see massive short covering. The only thing that can arrest the current momentum is profit booking and it looks likely to happen near to 17760-17860 levels. Once the index reaches those levels we may get to see signs of further market direction. With gap between bond and earnings yield rising, the market may see some corrective movement. Today being weekly expiry brace for some volatility. If the index gaps up above 17700 and rallies closer to 17760-17800 in the first half, we may see some profit booking by put writers at 17600/17700/17800 strikes. The late entrants into those strikes will be forced to cover if the market comes down owing to profit booking. On the other hand in the unlikely scenario of a flat opening and a dip in the first half, we may see the market rallying sharply to catch up with the gains made yesterday by rest of the global markets.
Important levels for the day
Bullish above 17600
Possible Upside targets - 17680/17720/17760/17800
Bearish below 17520
Possible Downside targets - 17460/17420/17380
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.
Expiryday
NIFTY Possible Trade for 26-07-2022-Profit Booking to Continue?With the index having run up almost 1550 points from June lows, it is reasonable to expect some profit booking. Given that monthly expiry is in two days we can continue to see profit booking which can drag the index to lower levels. The upside seem to be capped at this stage near 16700. On the downside we could see the index moving to 16500-16380 zones which can act as a major support area for the series.
Important levels for the day and expiry are given below.
Bullish Above 16680
Possible Upside targets 16720/16780/16820
Bearish Below 16660
Possible Downside targets 16560/16510/16480/16420/16380/16340
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
#Niftybank Intraday Support and Resistance Levels - 13/01/2022This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis .
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Expiry Jackport... for banknifty
Rising Bull 💯
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Banknifty Intraday Levels Analysis, 30th Dec Monthly Expiry Hello Traders,
Strategy to follow :
1. Avoid current weeks expiry.
2. Trade with strict stop loss.
3. Trade with small quantity.
4. Take entries based on Support and Resistance levels.
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Simple Trade Setup | BANKNIFTY | 16-12-2021[ INTRADAY ]NSE:BANKNIFTY
Since Tomorrow is expiry, hence only considering safe buy trade above 37020 sustainable breakout.
Trade Setup for Date: 16-12-2021
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.
Expiry trade idea for nifty - 16th DecExpiry Trade plan
17250 to 17050 is ideal range of 200 points for tomorrow
Depending on opening positions can be created:
Ideal expiry hero - zero trades can be taken at
Nifty PE around if spot price is around 17250 in second half (11.30 -1.30)
Nifty CE around if spot price is around 17050 in second half (11.30 - 1.30)
Opening Trades will be volatile if there is gap up price within 17300 then Options PE can be taken for the target 17150
Look for raising wedge / trendline breakdown for pe entries
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237.
At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.)
As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back.
If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH).
Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel.
** I am not SEBI Registered advisor. Kindly consult before taking trade. **
/Nifty no trade zone and Brearout level for /On a minute candle stick pattern, nifty shows, breakout level only above 18356, Even if opened positive on 28th october 2021, there is no trade zone for option buyers ( Call and Put ) between 18250 to 18356,
Heavy chances of premium decay,
Nifty closed below a strong trend line, If opened and trade below 18250, there is highly possibility of testing 17800.
Banknifty August monthly expiry Trade IdeaExpiry Trade:
If open gap-up in the range of 35850-35900: buy 35900 put for the target of 35600
if open gap-down: wait till it reaches 35500 and if taking resistance at 200 ema in 5 min chart,
buy 35500 pe
or if goes down after gap-down, wait for the price to come near the demand zone (35000-34800)
and buy 35000 ce if any technical pattern forms on 5 min chart in the demand zone
Bank Nifty Triangle pattern Intraday Setup*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
Banknifty Prediction Analysis Expiry 5 AugHello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 36200-300
2. Strong Resistance at 36500
3. Stronger Resistance at 36200.
Support Level :
1. Strongest Support at 35000.
2. Stronger Support at 35500.
3. Strong Support Zone at 35700-800.
No Trade Zone :
36000-100
Trend Line:
Buy Above Red Trend Line at Levels 36100 & 36300
Short Sell Below Red Trend Line and at Levels 35950
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
Banknifty View : Intraday Levels for 1st July 2021 WEEKLY EXPIRYOverview: Bank Nifty opened flat, took support exactly at our mentioned levels of 34893 and started to trade upside, later in 2nd half market fell sharply after testing the resistance zone and due to the European market fall BNF corrected to 34750 levels.
As below 35000 levels, we must have got a very good shorting opportunity.
Banknifty resistance level: 34893/35076
Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1PM we can have a very good movement on range breakout.
Banknifty Support level: 34629/34443
If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support.
It will then continue to get 2nd level of support so trade with caution.
If you like my daily analysis then do like and comment your opinion and see how my levels are working /playing in the intraday scenarios, this will motivate me to bring more such analysis.