Nifty, Banknifty and Finnifty Intraday LevelsGood Morning friends dont jump blindly wait for proper setup and then make any entry
Finnifty
#finnifty"Good morning! As of July 11th, 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. On the other hand, 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."
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.
We hope you find this information beneficial in your trading endeavors.
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Nifty, Banknifty and Finnifty Intraday LevelsToday we have a bullish view
wait for price to make proper support at support levels
#Finnifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
Nifty, Banknifty and Finnifty Intraday LevelsAfter trading in ranging market today finaly we have a bearish view
if it make resistance in upper levels then go for bearish trades
#finnifty"Good morning! As of July 7th, there is no significant difference compared to the last session. the global market is showing negative stats with moderately bullish market sentiment. It might open with a gap-down. After that, if it takes support around the 38% fib support zone, we can expect a range-bound market to rally continuation. On the other hand, if it breaks the 38% fib support, then the correction will continue."
Nifty, Banknifty and Finnifty Intraday LevelsWait for proper setup and then make entry
Don jump blindly
#finnifty"Good morning! As of July 6th, the global market is showing slightly negative stats with a moderately bearish market sentiment. It might open with a minor gap-down. After that, if it takes support around the immediate support zone, we can expect a range-bound market. On the other hand, if it breaks the immediate support, then the correction will continue."
#Finnifty"Good morning! As of July 5th, the global market is showing a neutral start with a bullish market sentiment. It might open with a minor gap-up. After that, if the market breaks yesterday's high, we can expect a continuation of the rally. Otherwise, it could enter a range market or takes a correction."
04 Jul ’23 Post Mortem FinNifty ExpiryJust like yesterday, the jump in options premium at CE side was explosive. BAJFINANCE +7.19%, BAJAJFINSV +5.8% was the main reason for the gap-up opening.
This screenshot was taken at 10.12 almost near the end of the opening 1hr, Finnifty was around the 20300 level. Its quite understood when the near ATMs has so high premiums — but the far away OTMs is unusual. 21000 CE was trading at 1.35, usually a strike 700pts away on expiry day would have premiums of 40 to 50 paisa around the same time.
If you really saw the price action, the real rally came between 11.35 to 13.25 period when the index even went to 20577 levels. This surge was mostly contributed by SBIN & KOTAKBANK along with HDFC twins which were already out-performing.
There was a dip of 0.9% between 13.30 to 14.25 — was that profit taking or signs of tiredness? I dont have the answer to that.
Between the last expiry & today Finnifty has gained 3.1% ~ 613pts. Its a remarkable achievement even when we had a holiday in between.
Finnifty expiry special ! Finnifty important intraday levels to watch.
#Current price: 20390
#Support: 20320.
Sell below 20320.
Targets are marked in green line on the chart.
#Resistance: 20420-20440
Buy above 20440.
Targets are marked in red line on the chart.
As this is weekly expiry, do not hold any position for long time. scalp out the spikes and enjoy profits.
safe traders can trade using long straddle strategy, buy both ATM call and put in the second half.
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Nifty Banknifty and Finnifty Intraday Levels Data is indicating mix view so if you see it is making proper support at levels then go for ce and same with resistance
but wait for proper setup dont jump blindly market trading near all time high
#finnifty"Good morning! As of July 4th, the global market is showing a neutral start with a bullish market sentiment. It might follow the previous rally. If it experiences a pullback similar to that, we can expect the rally to continue with a minor correction. On the other hand, if the initial market experiences a sharp decline, we can anticipate a 23% to 38% Fib correction."
03 Jul '23 Post Mortem on FinNiftyBefore we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually I dont bore you with FinNifty chart or number unless its expiry day, but today requires some real attention!
This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in premiums were hugely unusual. Agreed Finnifty was up 1.25% by that time. But the far OTMs premiums jumping 300 to 500% & that too CALLS - unexplainable.
Since Finnnifty is not used to trade with so much volatility, most of the positional option traders would have taken a huge hit today. If it were banknifty - we all understand the beast that it is.
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.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
NIfty Banknifty and Finnifty intraday LevelsThis are the most important levels of all tree index
you should keep eye on it
profit booking will come
NIFTY BANKNIFTY AND FINNIFTY LEVELSBecuase of some reason im not drwaing all this levels
put this on your charts and see how it works
#finnifty"Good morning! As of June 30th, there is no significant difference compared to the last session. the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
Finnifty"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
PostMortem on FinNifty Today & Analysis of 27 JUN 2023The trend started in Finnifty which was responsible for the last hour surges in BN and N50. If you look at the Finnifty chart today - it was positive right from the start.
From 11.10 to 15.10 we had a decent rise of 1.27% ~ 248pts. Today was the expiry day & till 14.00 we did not see any major impact to the options premium. But right after that the CE premiums were surging & had unbelievable intraday gains percentage wise.
19550 to 19750 CE were all out of money till yesterday's close, but went ITM (in the money) by today. Percentage wise 19700 CE had a gain of 2170%, 19750 gained 1745%, 19650 gained 1536, 19600 gained 897%, 19550 gained 538%.
Today would have been a dream day for option buyers. I missed out on the opportunity today mainly because I assumed preponing the expiry day would result in selling and not buying. Hence my PUTS went worthless today!
NMDC Long 3 reasons for a positive outlook.
1- NMDC is trying to bounce back from the Fibbo 50% level.
2- Price has given the breakout of the falling trend line and trading above the breakout level.
3- MACD has turned positive after positive diversion.
It looks suitable short term trading with favorable RR ratio.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit and loss
