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FINN

FinNifty weekly expiry analysis for 16/04/24.Finnifty weekly expiry levels Major support levels :- 21130, 21000 Resistance :- 21330, 21500 The market is looking bearish and chance of a gap down opening is there as the closing is around the day's low. On the hourly charts, the market is trading between both the moving averages. A support around 200 ema can be seen. In case of a flat to slight gap down opening, a consolidation in a range and break down in the second half can give a nice trending move this expiry. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
FinNifty weekly expiry for 23/01/24FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In case market starts trading above 21630 or there is a gap up above the levels, avoid trading as there can be a volatile weekly expiry again. Bearish trades can be initiated below 20450 levels for targets of 20250 and 20070. Support levels :- 20450, 20250 Tomorrow is the weekly expiry of FinNifty. So trade less qty as markets are volatile. Wait for a price action and trade only confirm setup.
NSE:CNXFINANCE
by Mambotrade
Finnifty weekly expiry analysis (13/06/23).Finnifty on the daily time frame has been consolidating and forming confusion candles. It has taken support from the 20 ema and trading around 19400 levels. Today being weekly expiry nice movement can be seen as the market has consolidated. On the hourly chart, the market has been trading below the 20 EMA and can give 200 EMA as target. Markets are generally moving in the first hour or after 1 P.M. On 15 minutes charts, the market has been forming a descending triangle. Its break out can give good movement. Support :- 19390 ,19325 Resistance :- 19445, 19500 Watch for the daily 20 ema for a support as the market has consolidated and closed near the levels. If the support zone and the moving average is broken good bearish trade can be captured. Wait for the price action near the price levels before entering the market.
NSE:CNXFINANCE
by Mambotrade