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Finnifty

FinNifty intraday levels for weekly expiry (05/03/24).Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow. Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels. If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning. In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half. Major resistance zone:- 20960, 2110-50 Support levels :- 20830, 20620 It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen. Even watch for the option premiums charts and VIX before entering a position. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty intraday levels for monthly expiry 27/02/24.FinNifty has remained completely sideways today and is trading in a consolidation range. On the hourly charts, the market has closed between both the moving averages and might touch the 200 EMA. In case of a gap down opening, there is probability of market going bearish and testing the lower levels. Major support level :- 20600, 20480 If there is a slight gap up or flat opening, wait for the market crosses and sustain above the trend line, upper levels can be tested. Resistance levels :- 20760, 20830 The daily candle is showing some negativity as there is a hanging man candle near the support level. Tomorrow is the monthly expiry of the index, watch for the option premium and time decay. If there is a break out/down in the second half of the trading session, a trending move can be seen. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty intraday level for weekly expiry 20/02/2024.FinNifty today remained in a tight range after a gap up opening and has closed around a crucial level. Now, the resistance levels is today's high, wait for the market to breach this level. Entry in bullish trade can be made. If the market consolidate after a slight gap up/down opening, while giving a break out of the level in the second half can give nice trending move in the second half. In case of a huge gap up or gap down trading should be avoided for option buyer as there are chances of market being sideways. Major resistance levels :- 20620, 20780, 20920. Support zone :- 20530, 20420. The index has closed above 20 DEMA and the been taking support from hourly 200 ema. The market seems bullish as it is sustaining the upper levels. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty weekly expiry analysis for 13/02/24.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 expiry day. Even the VIX has gone up by almost 4% which will give option buyer some higher option premiums and decay may eat way the profits. Tomorrow is weekly expiry and last two expiry were sideways. Probability of a trending expiry is high and on the bearish side as per the technicals. Major support levels :- 19840, 19730, 19640 The index is showing a Lower High Lower Low formation and sell on rise is the market cycle. In case of a gap down, a sell off can be seen in the markets as there the momentum is on the same side. In gap up opening there will be a confusion as it will create indecision in the markets. Resistance levels :- 19980, 20220 Wait for the price action near the levels before entering the markets.
NSE:CNXFINANCE
by TheMamboMomentum
FINNIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese 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 candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:CNXFINANCE
by YASHSINCE1995
FinNifty weekly expiry levels for 06/02/24.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 R:R ratio trade can be initiated with target of 21200. In case of a gap down opening, there will be negative signs and position can be created below 21200 support zone. Major bearish targets :- 20230, 20020 The market is trading in a volatile cycle and giving hard time to option buyers. Option seller will enjoy the markets as the VIX is high (closing 6.5% higher). Resistance levels for expiry :- 20450, 21560 Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
Fin Nifty Mathematical Levels For this ExpiryThese 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 candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:CNXFINANCE
by YASHSINCE1995
FinNifty monthly expiry analysis for 30/01/24.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 either side can be initiated. In case of a gap up there will be another bullish day for it, else there will be a halt candle. Support levels :- 20230, 19950-20010 Wait for market to form a price action and trade accordingly.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty weekly expiry for 23/01/24FinNifty 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 case market starts trading above 21630 or there is a gap up above the levels, avoid trading as there can be a volatile weekly expiry again. Bearish trades can be initiated below 20450 levels for targets of 20250 and 20070. Support levels :- 20450, 20250 Tomorrow is the weekly expiry of FinNifty. So trade less qty as markets are volatile. Wait for a price action and trade only confirm setup.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty weekly expiry intraday levels 16/01/24.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 price action there are high chances of it closing above the ATH. Major bullish targets :- 21520, 21580-600 It is ATH is around 21630. Tomorrow is its weekly expiry, if it show some consolidation in the first half and starts trading above the level in the second half, there is a high chances of it closing around the day high. Support levels :- 21420, 21350 Wait for a price action if the market test the support levels, as the market is in consolidation and can reverse from the levels. Enter the trade only after a proper setup or price action is created.
NSE:CNXFINANCE
by TheMamboMomentum
12 Jan ’24 — BankNifty goes neutral, Euphoria missing unlike ITBankNifty 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 are impressed by BankNifty’s bull attack today that allowed the stance to change from bearish to neutral. But we still do not think it is a bullish case per se. A rising tide does lift all the boats. NiftyIT opened the floodgates of gains today and there would have been some spillover effects on other sectors. We will wait for the euphoria to cool off on Monday and re-evaluate the stance. 63mts chart link BankNifty is still neutral, the breakthrough of resistance has given a positive sentiment to it today - but it did not have the kind of momentum to go up. Take a look at FinNifty - it was flatter than BankNifty today. For Monday, the first thing BankNifty has to do is defend the support of 47539. The bulls will eventually drive it up if they get the confidence that the support is intact.
NSE:BANKNIFTY
by viswaram
#Finnifty directions and levels for JAN 12.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 sustains or consolidates around there, then the 5th might extend. Bearish aspect: If the gap-up doesn't sustain or if it opens with a gap-down, it may take a range market structure. Alternatively, if it breaks the previous low, then we can expect correction continuation.
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for JAN 11th.#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 breakout, either upside or downside, and then we can enter a breakout trade.
NSE:CNXFINANCE
by Manickamtraders
FinNifty weekly expiry intraday levels for 09/01/24.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 tomorrow. All the indices are moving in sychronously and after testing the new ATH it has not retraced. Wait for the break down of the support line and fromation of price action near the levels.
NSE:CNXFINANCE
by TheMamboMomentum
#Finnifty directions and levels for JAN 9th."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 is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:CNXFINANCE
by Manickamtraders
1
08 Jan ’24 — BankNifty breaks the 47539 support - stance bearishBankNifty 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 some strong fight back and they managed to get the stance changed from bearish to neutral. And today the tables have turned and the chart looks bearish. BankNifty has walked ahead of Nifty because it has already broken the ascending channel - so the break of support today should give it some more thrust. 63mts chart link The support is only broken on the lower TF, we ran out of time for further action today. This means that the forenoon session will be quite critical tomorrow. If the bears can hold the banks below the 47539 levels - we could see some action picking up. The options flow also indicated an immense short buildup for the CALLS - which may be indicating tiredness in the uptrend. Our stance for tomorrow is bearish.
NSE:BANKNIFTYShort
by viswaram
#Finnifty directions and levels for JAN 8th"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 78% minor swing correction. On the other hand, if it experiences a pullback initially, it will likely reach the supply zone to swing high. These are basic range market targets. Range market trades are crucial for option buyers, so take your position if the structure is convenient for you. If there are any changes during the mid-market session, I will provide an update."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for Jan 5thFinnifty 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. Regarding the bearish aspect - if it opens with a gap-down or rejects the immediate resistance of the supply zone, this might signal an ABC correctional wave, Thus, following the previous statement would be prudent.
NSE:CNXFINANCE
by Manickamtraders
04 Jan ’24 — Banks does the powerlifting for the reversal todayBankNifty Analysis - Stance Neutral ➡️ The powerlifting was done by BankNifty today. The Bajaj Finserv and Finance were on fire today and were propelling FinNifty to a higher variance than BankNifty earlier in the day. However, the close ensured the variance was less than 0.2% 4mts chart link Honestly, we did not see this coming. The setup was perfect for a Bear run, the first hour of trade almost froze us so that we could not build onto expiry positions on Nifty. Since the stop loss was hit, we had to make multiple adjustments to stay in green. Was this a turn of events or a blip is something we are not completely sure of? Ideally, the bear run was just starting, and it would be sad if it ran out like this. 63mts chart link It is prudent to draw a new support line at 47539, the level from where we got the inflection today. To reclaim bullishness, BankNifty has to re-enter the ascending channel. If that happens tomorrow then the level to beat is 48700 which would mean it will take out the ATH. Since we changed the stance to neutral from bearish, a sensible move would be to go sideways without breaking the support of 47539.
NSE:BANKNIFTY
by viswaram
FinNifty weekly expiry levels for 02/01/24.FinNifty has formed a neutral doji and has shown selling in the last hour of the trading session. On last two weekly expiries it hadn't shown some moment. There are chances of market giving some movement tomorrow. Hourly candle has closed below the 20 ema and there was good selling from the day high. Intraday targets for selling :- 21290-320, 21220 Markets are trading at ATH and higher trades can be initiated only if there is a price action or pattern formation. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
#Finnifty directions and levels for JAN 4th"Finnifty might also open with a gap-up, supported by Giftnifty. If the initial market takes a pullback, there might be consolidation between the 38% level and 21243. In such a scenario, we could wait for a breakout. If it breaks the consolidation pattern, we can consider a breakout entry. However, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction, potentially reaching the demand zone at 21194. Here, the Demand zone is expected to act as solid support. If it indeed acts as support and gets rejected, we might anticipate a minimum 38% pullback wave. On the other hand, if the market breaks or consolidates around the demand zone, then the correction is likely to continue
NSE:CNXFINANCE
by Manickamtraders