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Finnifty

PostMortem on BankNifty Today & Analysis of 30 MAY 2023 FinNiftyYesterday's high of 44483.35 broken today, the new ATH is now 44498.6 thanks to the last 2 5mts candles of today. Banknifty is now in some real good form - not planning to retire any time soon. Would have got some inspiration from MSD from the IPL 2023. The opening was not that exciting, we even fell in the first 5mts to hit an intraday low of 44207.5. But again no intention to hit the first support at 44068. From there the price action was flattish.  In the opening minutes, I felt Nifty50 to be more promising of a bull run today vs banknifty looking at the options data and the credit spreads getting written at PE. But Nifty's momentum faded out after 10.15, nevertheless it also ended the day in green but just ~ 250+ points to reclaim the ATH. The run in Indian stock markets has been nothing short of surprising, even with the currency devaluation our markets has continued to outshine for the domestic investors. I am really worried about the foreign investors - are their Indian portfolios still in green? --- 15mts TF shows strength today as the gap up of yesterday's was not broken. The momentum is favoring the bulls. As long as the gap-up level holds the bulls will continue to keep their position alive as it will be in profit. If there is a deeper cut, these bulls should run for cover creating a small fall even lower than the recent swing low. For that to happen we need some news/event trigger because as it stands now - its euphoria. --- 1hr TF also shows strength, same reason - the gap being untested. Also the 5 candles of consistent green today - something you dont expect after a big rise. Might be the news of ATH getting taken out would have hit the media and new participants would have entered the markets (the volume does not say so) --- FinNifty expiry Special CNXFINANCE also hit a new ATH today 19636.9. The rally of 117pts coming after 14.00. Of which 60% of the pts coming after 15.05. Market makers & Big Boys have a new system to rally or break the markets after 14.30 these days causing minimal impact to the options premium. But one exception would be the 19600 CE Finnifty that went up a whopping 2835% between 15.05 to 15.10. Price wise a rise from 0.5 rupees to 14.85 rupees. Finally it settled at 6 rupees. Again a perfect example of how options trading can reward the knowledgeable and the person who acts on that. to see all 6 charts of today visit viswaram. com
NSE:BANKNIFTY
by viswaram
#FinniftyGood morning! As of May 29th, the global market indicates a positive start with a bullish market nature. The SGX Nifty indicates a long gap-up, so we don't know exactly where it will open. Structurally, it's a strong bullish market. If it breaks the major key zone, we can expect a rally continuation. On the other hand, if it declines at the start, we can expect a minor correction. It could possibly indicate a rally continuation. Due to the trend, market consolidation will mostly follow the trend. Therefore, if it experiences a minor correction (within the Fibonacci level of 38%), we can expect a rally continuation in the upcoming sessions.
NSE:CNXFINANCE
by Manickamtraders
#FinniftyGood morning! As of May 25th, there are no significant differences compared to the previous day. The global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it consolidates or breaks the major key zone, we can anticipate a continuation of the correction. On the other hand, the ABC structure has been completed. So, if the market sharply pulls back at the start, we can expect a range market for pullback consolidation.
NSE:CNXFINANCE
by Manickamtraders
finnifty 24th may triangle pattern finnifty is continuing in triangle pattern and it is yet to break long support trend line. If it breaks the trendline support at 19377 then possibly it can go 19089 level. If it takes support at 19377 level and bounce back then possibly finnifty can be in the range bound or it can go 19589 level. don't be bullish or bearish. Trade with the market direction BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587 SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
NSE:CNXFINANCE
by rajender.kundhuri
PostMortem on BankNifty Today & Analysis of 23 MAY 2023 FINNIFTYToday's price action on the 3 indices NSE:NIFTY , NSE:BANKNIFTY and NSE:CNXFINANCE were conflicting due to which none of them really went anywhere. NiftyIT had a down day that doused the fire in Nifty50 to break-through the resistance of 18419. Similarly Finnifty was unable to get past 19421. From the start there was huge shorting on banknifty on CE side which may have set the tone for the day. Nifty50 started gap-up and had gone to the resistance level by 10.15, but the shorting on bank & financials limited Nifty's gains. Banknifty also opened gap-up at 43978 and there was a move upwards, something that we can expect with how the day closed yesterday. This momentum faded out at the 44080 levels and from there BN was not going anywhere. There was a fall of 243pts between 14.25 & close. Nothing major to complain, but we all know why the last 1hr move today does not mean anything. Yes, it was finnifty expiry day. The big-boys knew this at the open itself, I got to know the shorting intensity after 1hr of open. A little bit of that was due to the Finnifty expiry - which we will discuss separately today. --- 15mts TF shows range bound move ahead, it did not show the shorting intensity, neither can we make out from the chart pattern so far. The bias has not changed to bearish mode, it will only if the 43253 support is broken. Do the shorts have enough strength to bring BN down to that levels - we will get to know by tomorrow. --- 1hr is still showing a converging chart pattern, just a continuation from yesterday. There is no change in bias as of now. --- Finnifty Expiry special Finnifty was the weaker among the 3 indices - Nifty, BankNifty & Finnifty. That was obvious as the expiry day traders would want the market to expire near previous close as much as possible. This will give them max gains for straddles. When Nifty50 was racing ahead, finnifty stayed quite flat. It was trading around the 19421 Support/Resistance zone but did not have any momentum to push it either way. The last 1 hr session was different from the rest of the day, we had a drop of 0.56% ~ 108pts to ensure Finnifty expires as flat as possible (0.06% gains). Also after 14.30 the premiums of both CE and PE were almost dead which made perfect sense for a small directional move. The option sellers would not have been hurt so much.
NSE:BANKNIFTY
by viswaram
#FinniftyGood morning! As of May 23rd, the global market has shown a neutral to slightly positive start with a moderately bullish market nature. There may be a gap-up at the beginning. After that, if it sustains or if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation. Additionally, Nifty is currently exhibiting a long rally, while Bank Nifty is in a range market with a bullish structure. Once the range market breaks, the rally may take off sharply. On the other hand, if the market declines or rejects the immediate key zone at the start, we can anticipate a range-bound market or a continuation of the correction.
NSE:CNXFINANCE
by Manickamtraders
Fin Nifty Levels for 23-05-2023In Fin Nifty Upper side 19600 is Important Level and Lower Side 19200 is important level. Previous day FinNifty has closed @ 19385. Today FinNifty trades in range and small movements. Check Previous Day Level Performance and comment. For any Feedback and Suggestion, please free feel to message us. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:CNXFINANCE
by easi2invest
Fin Nifty Levels for 22-05-2023In Fin Nifty Upper side 19460-19485 is Important Level and Lower Side 19200 is important level. Previous day nifty has closed @ 19420 @ Near downward Trendline. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:CNXFINANCE
by easi2invest
Simple Trade Setup | FINNIFTY | 22-05-2023 [INTRADAY]NSE:CNXFINANCE Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 22-05-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:CNXFINANCE
by Trading_hawk