NIFTY EXPIRYNIFTY 17-06-2021 EXPIRY PLAN
1.TRADING IN CHANNEL
2. TOUCHES THE UPPER END OF CHANNEL
3. NOW MAKING LOWER HIGH
4.HUGE OI ADDED IN 15800CALLS
5.WE CAN EXPECT THE LOWER END OF CHANNEL TO TOUCH
6.15800CE PRICE AROUND 40.
7.IF MARKET OPENS INBETWEEN 15826-15755 WE CAN SELL 15800 OR 15850CE WITH ABOVE SL OF 15826 ABOVE CLOSING
8. IF MARKET OPENS BELOW 15755 WE CAN SELL 15800CE WITH 15755 ABOVE CLOSE SL
9. IF MARKET OPENS ABOVE 15826 WE CAN SELL 15700PE & 15750 PE WITH SL OF 15755 BELOW CLOSE
Expiryday
WILL GO DOWN OR RUN UP ? bank nifty view continuation CONTINUATION TO IDEA POST OF HOURS AGO 🕵️♀️
VIEW ON CLOSE 👉
INDEX TOO DIDNT JUMP OFF THE TRAIN
TOOK STOPPAGE (CLOSED) @ THE SUPPORT STATION (TRENDLINE)
WILL THIS TRAIN TAKE A U TURN N GO DOWN TOWARDS KANYA KUMARI OR RUN UP TOWARDS KASHMIR ???
🤦♂️THIS CLOSE MAKES IT MORE INTERESTING EXPIRY DAY 🤦♀️
BELOW IS THE PREVIOUS CHART FOR REFERENCE 👇👇👇
Nifty success story Expiry DayNifty Sucees Story Expiry Day
AS i told you yesterday ..in case of gap up opening will buy 11300 ce and sell 11400 ce.
bought 11300 CE @ 67 make high 125 booked @ 119. Rs 52 per lot
sold 11400 CE @ 13.30 make high of 37 sold @ 31.
loss per lot is Rs 18.
i put Stop Loss around 11350 and bought 11300 ce 8 lot and sold 11400 CE 10 lot.
Happy treading.
NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)NIFTY ANALYSIS
AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS.
NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS.
ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE INDEX.
NIFTY OPTION CHAIN ANALYSIS
AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT 11300 TO 11150 AND GOOD AMOUNT OF CALL WRITING AT ALL ABOVE STRIKE PRICES INDICATING MARKET SENTIMENTS TO BEARISH. HOWEVER 11000 IS CARRYING GOOD AMOUNT OF PUT WRITING WHICH SHOWS THAT IT IS A VERY CRUCIAL SUPPORT OF THE INDEX.
DEMAND AREAS - 11080-11120 // 11000-11020
SUPPLY AREAS - 11220-11245 // 11280-11300
BANK NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)BANK NIFTY ANALYSIS
AS PER THE FUTURES DATA THERE ARE NET SHORT POSITIONS IN THE MARKET AT CLOSING INDICATING SOME BEARISH SIGNS.
THE IMPORTANT LEVELS WERE ALREADY SHARED I.E 21100-20900 LEVELS WHICH IS STILL A VERY IMPORTANT LEVEL, HOWEVER MARKET BROKE THOSE LEVELS TODAY BUT IT GOT PRICE REJECTION AND MARKET BOUNCED SHARPLY UPSIDE AND CLOSED AROUND 21300 LEVELS.
ON THE UPSIDE 21400-21550 LEVELS IS AN IMPORTANT SUPPLY ZONE, IF BROKEN ABOVE WHICH MARKET CAN SEE BUYING TILL 21800 AND 22000 LEVELS.
DEMAND ZONES - 21100-20900//20550-20400//20000
SUPPLY ZONES - 21500-21600//21850-22050//22200
BANKNIFTY OPTION CHAIN ANALYSIS
AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT ALL LEVELS FROM 22000-21400 LEVELS AND GOOD AMOUNT OF CALL WRITING INDICATING MARKET IS LIKELY TO EXPIRE BELOW 21400 LEVELS AS OF NOW. THE LEVELS OF 21400-21550 LEVELS WILL ACT AS A MAJOR RESISTANCE FOR EXPIRY WHICH IS ALSO MARKED WITH HELP OF VOLUME PROFILE.
ON THE SUPPORT AT 21000 LEVELS THERE HAS BEEN GOOD AMOUNT OF CALL WRITING AND VERY SMALL AMOUNT OF PUT WRITING INDICATING MARKET CAN BREAK THE LEVELS OF 21000 AS WELL. BELOW THIS LEVELS THE NEXT MAJOR SUPPORT AREA IS 20500 LEVELS.
PLEASE TRADE WITH HIGH CAUTIONS - ITS EXPIRY DAY AND MARKET CAN WITNESS GOOD SWINGS AND VOLATILITY.
NIFTY near resistance zone! Tomorrow crucial for further trendNifty - Technical Analysis:
-Benchmark index NIFTY traded positive today as it continued yesterdays move and moved upwards to 11600
-We are near the resistance zone and tomorrow can be decisive for further trends
-Tomorrow is expiry day and we can see some volatility
Market - Driving Factors:
-Among the sectoral indices, BSE Realty, Healthcare, IT and Auto logged healthy gains. On the flip side, BSE Utilities, Telecom, Power and Oil & Gas fell
-Addressing the FICCI National Executive Committee Meeting, Reserve Bank of India Governor Shaktikanta Das on September 16 assured that the RBI is closely monitoring economic situation, and the central bank is prepared to take further measures to prepare the economy and banking system to fight the COVID-19 pandemic.
-Further, bank credit growth remains muted in the system. He hoped that the revival of businesses (due to moratorium or restructuring) will help keep NPAs low.These reassuring statements helped the Nifty to rise towards the recent highs.
-FIIs inflows into Indian equities continued to be robust in August at nearly $6.3bn, highest in 5 years.
Nifty - Outlook for Thursday, 17th September:
NIFTY will test the resistance zone tomorrow along with the expiry day playing a trigger. We can see upper levels if sustains above 11600. Tomorrow is also expiry day for NIFTY, we can see some volatility early on during the morning session.
BankNifty : Sharks & Flags in Muddy Waters !BankNifty analysis is going to be real simple one. Bearish Flag formation, so what an ideal bearish flag will do ?! Breakout to downside. There are few things we need to take note here. The first one being the Bearish flag ( which I didn't enter yesterday) so if the shark is working then it will move up a little bit and today being expiry day, if a double side move happens it will be great.
So first half of the day, I'm assuming the targets of sharks to be achieved and later by the day channel & Bearish flag comes into play with breakout, so being expiry day in Banknifty some movements within 100-150 points on either side will be nice or to be honest I'm expecting these.
Few option traders believe they can make money in single expiry day, No it won't work that way. So never go All-in as if you are playing poker, Plan n trade carefully !