#finnifty directions and levels for oct25"Good morning, friends! As of October 25th, the global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a slight gap-up. After that, if the gap-up doesn't sustain, we can expect a continuation of the correction with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a range-bound market between the previous stock. We can anticipate a rally only if it breaks the top of the minor correction starting point."
Finnifty-levels
Finnifty direction and levels for #October18th"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to continue its rally. However, if it breaks or consolidates, the correction will likely continue. On the other hand, if the market breaks the previous day's high, we can set our target at the next resistance level."
05 Sep ’23 Post Mortem on FinNifty | Weekly Expiry AnalysisFinNifty Weekly Expiry Analysis
Between the last expiry and today, Finnifty has only fallen 0.21% ~ 41pts. From a headline level the fall of 1.83% ~ 365 pts and its recovery is not obvious. Moreover FinNifty has respected the support level of 19421 and is trading at a safe distance from it.
As it stands Finnifty is not showing any directional sentiment, this was the reason the options premium were very less today. In fact Nifty50 and BankNifty far OTM options had good juice today, I am assuming it would be because the liquidity was sucked out by the FinNifty expiry traders.
finnifty 17th may - head and shoulderFin nifty is forming a head and shoulders pattern and it can go up to 19277 as par the pattern. Better to be neutral and trade with the market direction.
BUY Above 19480(FINNIFTY 19400 CE) Target 19540,19627,19692
SELL Below 19373 (FINNIFTY 19300 PE) Target 19336,19297,19256
Finnifty Trading Plan for Tomorrow
Finnifty Support and Resistance levels where the buying and selling pressures are Expected to be strong
Resistance Levels
R3-19482 -72
R2 -19330 -15 -Short Below 19310
R1-19255 -45 - Short Below 19240
Support Levels
S1-19165 - 75 - Short Below 19165
S2-19095 –105
S3-19030 - 40
S4-18970 - 82
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis 0.95 ( Bullish )
Max Pain As per Option Chain Analysis -19100
Major Resistance as Per Nifty Open Interest Analysis - 19300
Major Support as Per Nifty Open Interest Analysis - 19000
Finnifty Expiry price Action End of Day Finnifty Index Chart and Technical Analysis for Trading
Finnifty Chart Analysis for analyzing historical price movements ,
and Identifying key Price levels where the market has Previously Reacted
Last Trading Day boundary value analysis , High - 17727 Low - 17555
Finnifty In the Money Call and Put Strike Prices - 17750 PE and 17550 CE
Finnifty Live targets for Active Call and Put
Active Call Put For Trading On Expiry - 17650 PE and 17550 Call
17650 PE Targets - 160 /190
17550 Call Targets - 160 /190
Finnifty Next Support Zones for Long Trade
First Support Zone For Finnifty - 17575 - 17595
Second Support Zone For Finnifty – 17430 - 17445
Third Support Zone For Finnifty – 17237 - 17256
Finnifty Next Resistance Zones for Short Trade
First Resistance Zone For Finnifty – 17700 - 17715
Second Resistance Zone For Finnifty – 17835 - 17851
Third Resistance Zone For Finnifty – 17915 - 17930
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.79 ( Bearish )
Max Pain as per Option Chain Analysis – 17600
Major Resistance as Per finnifty Open Interest Analysis – 18050
Major Support as Per finnifty Open Interest Analysis – 17250
Finance Nifty Daily Levels Update For Option Day Trading Finnifty Importent Levels For Option Buying and Option Selling
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty - 17900 - 17910
Second Support Zone For Finnifty – 17825 - 17835
Third Support Zone For Finnifty – 17670 - 17690
Resistance Zones For Finnifty Intraday Trading
First Resistance Zone For Finnifty – 18055 - 18070
Second Resistance Zone For Finnifty – 18135 - 18145
Third Resistance Zone For Finnifty – 18245 - 18255
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.58 ( Bearish )
Max Pain as per Option Chain Analysis – 18300
Major Resistance as Per finnifty Open Interest Analysis – 18150
Major Support as Per finnifty Open Interest Analysis – 17650