Finnifty
Nifty, Banknifty & Finnifty Intraday LevelsHello traders
Today we have bearish view so let the price to reach at resistance levels and form proper resistance then make any position
dont sell if its directly goes towards support zone, you have to make sell position when it is trading at resistance
dont jump blindly
comment if you want to ask something
#FinniftyGood morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally continuation with minor corrections. However, in the event of a sharp decline in the initial market, we can anticipate only a minor correction.
#FinniftyGood morning! As of July 19th, the global market is showing a positive start (GIFT Nifty +5) with a moderate bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains its structure, we can expect a range market to continue rallying. On the other hand, if the initial market experiences a sharp decline, we can anticipate a minor correction.
18 Jul ’23 Post Mortem on FinNifty + Expiry SpecialWe had a gap up open and the high was formed the first swing i.e. 20476.25 by 09.25, from there the momentum was lost & we started falling.
There was a 1.19% fall between 11.15 to 12.20, then a brief recovery and then the selling continued. The options premium was elevated today, usually we do not have high premiums for Finnifty expiry. Most noticeably even the Nifty50 and BankNifty options premiums spiked today.
Between the last expiry & today, finnifty gained 1.4% ~ 279pts. Although we did not retest the ATH of 4th July, we came quite close today. The index is not looking weak though and we would require a sharp selling for a change in bullish bias.
Finnifty expiry special trade setup FinNifty Important intraday levels to watch for 18-07-2023
#Support: 20250
Short if candle closes below 20250
#resistance: 20450
Long if candle closes above 20450 or if 15 minutes candle closes above 20305 with a strict stoploss of 20440 for the target towards the supply zone.
#Targets on downside after break of support.
Target 1= 20150
Target 2= 20020
Target 3= 20900
#Targets on upside after break of resistance.
Target 1= 20530
Target 2= 20586
As this is expiry no one should hold the loosing trade for longer time period and strictly trade with stoploss.
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#finnifty"Good morning! As of July 18th, the global market is showing a neutral start (GIFT Nifty +6) with a bullish market sentiment. There is no significant difference compared to the last session. There is a possibility of a slight gap-up opening. If the market sustains its structure, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can anticipate a minor correction."
FinNifty levelsFinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider.
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#finnifty"Good morning, As of July 17th, the global market is showing a neutral start with a moderately bullish market sentiment. There is a possibility of a slight gap-up opening. If the market sustains structurally, we can expect a rally continuation with minor corrections. On the other hand, if the initial market experiences a sharp decline, we can expect a range market correction."
#finnifty"Good morning! As of July 14th, the global market is showing a neutral start with a moderately bearish market sentiment. There is a possibility of a slight gap-down opening. If the market sustains this gap-down, we can anticipate a continuation of the correction with minor pullbacks. On the other hand, if the initial market experiences a sharp pullback, we can expect bending waves."
#finnifty"Good morning! As of July 13th, the global market is showing a neutral start with a moderately bearish market sentiment. It might open with a slight gap-down. If it sustains, we can expect a continuation of the correction with minor pullbacks. Conversely, if the initial market experiences a sharp pullback, then the range market will continue. We can expect a rally only if the market breaks the previous high."
Bajaj Finance Wave CountsBajaj Finance has broken out of 18 months consolidation with 5 wave rise & a weekly negative close would mean it pull bacl in ABC of which wave A looks complete now rise in wave B should fail in 3 waves for another down move in C wave clean Elliot wave pattern.
Charts shared for education purpose only.
#finniftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
11 Jul ’23 Post Mortem + Expiry Analysis FinNiftyFinnifty’s fall was more dramatic than banknifty mainly because HDFC’s impact + BAJFINANCE fell close to 1.18% today. Intraday from top to low the fall was 1.28% ~ 258pts.
Between the last expiry & today finnifty has fallen 2.02% ~ 411pts. If you remember the last expiry, the PEs and CEs were unusually quoting high premiums — never ever seen levels. Today the premiums were lower and in a tight range.
The pattern is looking bearish. We will get more clarity after 13th July once HDFC gets delisted & the merged entity comes into effect. The weight change is something important to look at.