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Finnifty

PostMortem on BankNifty Today & Analysis of 11 APR 2023 Banknifty had a mega pre-open boost by NSE:KOTAKBANK , it was up 5% by 09.10 which indicated the bears will get their bones crushed today. Contrary to the popular belief, Kotak bank has the 3rd most weightage to bank nifty above SBIN and NSE:AXISBANK even though kotak has lower net interest income. And today's 5% gap up due to the MSCI news spelled real trouble. Bank nifty opened gap up at 41232 and had a massive 1st 5mts candle. There was a price swing of 297pts in the opening 5mts. What it created was a break away gap negating the downward sloping pattern from 6th. The jump in volumes also proved we had a sentiment shift too. Was the MSCI news a big trigger - I do not think so, but it really helped the bulls breakout from the bearish grip. Also it would have spoiled few CE seller's Finnifty expiry. There was also a healthy rally to take out the resistance at 41311, NSE:ICICIBANK , NSE:SBIN all helped to close bank nifty with a lead of 531pts. --- 15mts is showing the break out quite decently. And this is formed above the channel top line which will give it good momentum. Yesterday we discussed the possibility that the bears may want to take control and bring NSE:BANKNIFTY to the range - well, that is not going to happen very soon. The last time we had a breakaway ie on 31 Mar 2023, the volume spiked. Today also the volume was considerably higher than usual. And also note, the stock market is heavily skewed in favor of bulls. Everybody like to make money and push prices up. Only few people like me prefer to find contrarian trends - mostly on the bearish side. --- 1hr is showing the trend channel breakout quite clearly. See the break away from the purple downward sloping line. Till yesterday we had a hope to get trades below 40700 levels and stay in the bearish medium-term trend. The only hope for bears now is to watch out for the US CPI data tomorrow. A massive sell off could bring back NSE:BANKNIFTY back to realistic levels of 40700 or lower. --- I will also be covering Finnifty charts on Tuesdays wherein we have the weekly expiry NSE:CNXFINANCE has a similar chart to bank nifty, that makes it quite interesting to take expiry trades just as we do on Thursdays. The W pattern indicated in blue highlight was formed in the same similar fashion. Today's trade happened above the recent swing high ie from 06 Mar 2023, this again is a breakout style of trade. Just as when NSE:BANKNIFTY falls below the 40700 levels, we can expect finnifty to fall below the 18246 SR zone and continue its range trade. But if that does not happen soon, then the only way we can look is to handle the bullish momentum.
NSE:BANKNIFTY
by viswaram
Finnifty - Prediction & Intraday Levels for - 11 Apr 2023Fin Nifty Tomorrow: Fin Nifty aligned with Negative/Bearish Sentiment and made BIG red candle in Daily TF which indicates BEARISH short term Trend Reversal, however it depends on the close tomorrow. Tomorrow Fin Nifty likely to Open Flat / Small gap down, if any pull back to 18411 or 18400 Supply Zone are the Sell Entry points for 18300 & Lower targets. BULLISH move possible only above 18515 Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:CNXFINANCEShort
by ViVenTraders
FIN NIFTY CAN expiry special targets and levelsNSE:CNXFINANCE finnifty is approaching the crucial daily timeframe trendline from which it has been giving huge corrective falls in pass everytime it touched the trendline, the resistance zone/target which is colliding with the trendline is between 18155/18184 max 18212 level can be touched if lucky if the trendline is broken and finnifty breaks level of 18212, then next upside target can be around 18395. new fresh support zones which have been formed yesterday are between 18007/17981 & 17956/17929.
NSE:CNXFINANCE
by ajinkyadiwakar717
#Finnifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:CNXFINANCE
by Manickamtraders
Finance Nifty Confirm Targets 05 April Finnifty Low Capital Trading Strategy for future and Option Finnifty Next Support Zones for Long Trade  First Support Zone For Finnifty -       18057 - 18075 Second Support Zone For Finnifty –   17955 - 17970 Third Support Zone For Finnifty –    17865 - 17876 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –      18162 - 18175 Second Resistance Zone For Finnifty – 18245 - 18255 Third Resistance Zone For Finnifty –      18356 - 18370 Importent Signal from finnifty Option Chain Analysis  PCR ratio as per Option Chain Analysis – 1.02 ( Bullish ) Max Pain as per Option Chain Analysis –     18150 Major Resistance as Per finnifty Open Interest Analysis –  18200 Major Support as Per finnifty Open Interest Analysis    –    17850
NSE:CNXFINANCE
by manojshinde27
finnifty Confirm Targets 3 April 2023 Finnifty Levels For Intraday Future and Option Trading on Monday Last Trading Day boundary value analysis   , High - 18090  Low - 17906 Finnifty In the Money Call and Put Strike Prices - 178100  PE and 17900 CE Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -       17955 - 17970 Second Support Zone For Finnifty –   17865 - 17875 Third Support Zone For Finnifty –    17000 - 17015 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –      18060 - 18075 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 – 1.04 ( Bullish ) Max Pain as per Option Chain Analysis –     18000 Major Resistance as Per finnifty Open Interest Analysis –  18200 Major Support as Per finnifty Open Interest Analysis    –    17700
NSE:CNXFINANCE
by manojshinde27
4
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
NSE:CNXFINANCE
by manojshinde27
Finnifty - Prediction & Intraday Levels for - 27 Mar 2023Finnifty Weekly Analysis and Prediction for Tomorrow: Fin Nifty is also will follow Nifty and Banknifty, so the next support in FN is 17520 & 17280 Demand zones. Tomorrow Fin Nifty likely to open Flat, if any pull back to 17664 supply zone, we can anticipate SELL entry for lower targets. Don't go long.. SELL on raise. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:CNXFINANCEShort
by ViVenTraders
FIN NIFTY TARGET LEVELS FOR MONDAY 20TH MARCHNSE:CNXFINANCE FINNIFTY also has given closing just below the resistance area like nifty and bnf, likely to open negative, if opens flat/minor gapup and starts going down we can expect retest of fresh support below 17583 level and from support we may come back up for retest of 17800 range resistance area, if fin nifty upens near support zone and breaks it in 1 candle of 15 min then we can expect to achiueve down side targets easily, we may see finnifty break its reakdown level by expiry if we get cklosing below support zone.
NSE:CNXFINANCEShort
by ajinkyadiwakar717