Welcome To Trend Talk😊 All Levels in a Chart Options Trading for Beginners Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
FinNifty has closed 280 point lower on the daily charts, testing the 200 ema. The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels. It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the...
These Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
FinNifty is trading in a no trading zone of 21200-21450. It has consolidated today and tomorrow being weekly expiry can give a trending move. It is trading between both the moving averages on the daily time frame. Watch it take support around 200 ema, a short term bearish trend is confirm. If the market opens gap up and takes rejection from the upper zone, good...
These Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
After the first hour move FinNifty has consolidated and remained in a narrow range. Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today. Major Bullish targets :- 20720, 20925 It has closed around 61.8% level which around the closing of the index. If there is a flat opening and a break out, fresh position...
FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In...
Finnifty after a gap up opening has continued the up move in the second half and closed 160 points higher. Hourly close is showing a break out and even the daily candle is showing some bullishness. If there is a gap up opening, initially there will be some profit book and market will test lower level or today's close. After the retest, if there is a bullish...
BankNifty Analysis - Stance Neutral ➡️ BankNify opens above the resistance area of 47539 and then briefly falls below that till 09.59. When the entire IT sector was screaming GREEN, Banks were keeping lull. BN had its proper resistance break at 10.07. From there it made 2-legged rise to 47873 before giving away 270pts between 14.39 to 15.07. 4mts chart link We...
Finnifty has been following the banknifty structure. There is a sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 21,424 or 21,470; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. However, if the market...
#Finnifty Finnifty is following the Banknifty structure. So, here also, if the gap-up sustains, we can expect further pullback continuation. On the other hand, if it rejects around the 21301 (immediate resistance), or if the initial market declines, then it might turn into a range market. Structurally, it might break downside. But we could wait for the proper...
Finnifty's structure closely resembles that of Banknifty. If the market finds support around the 78% mark, we could anticipate a minimum 38% pullback. If this pullback holds and breaches the 38% level, the upward momentum may persist. Conversely, if it lacks support at that level, the correction is likely to continue
FinNifty has closed 220 point lower before the expiry and it can remain in the bearish mood as the daily close just. It has been respecting a support line and is around the daily 20 ema. Major support levels :- 21230, 21175, 21000-50 Resistance :- 21380, 21450 RSI on the daily charts is showing a bearish divergence and there are chance of a trend expiry...
"Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback...
BankNifty Analysis - Stance Bearish ⬇️ The chart of BankNifty was more dramatic and powerful. The total swing range was 765pts ~ 1.59%. The support of 47539 was broken only at 14.31 and there was not much time left for the next leg of fall today. 4mts chart link What BankNifty and Nifty have done in January was to take out the stop loss twice. Last week we saw...
"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
A triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears. Script = CNXFINNIFTY Time Frame = 1 Day
Finnifty is also expected to open neutrally based on the Giftnifty indication. If it pulls back, it might reach the supply zone up to the swing high. Structurally, this represents a sub-wave 5th continuation. If it rejects either the supply zone or the swing high, an ABC correctional wave might occur, potentially taking a minimum of 23 to 38% Fibonacci correction....