FIN NIFTY - Target - Levels - 22.09.23Fin Nifty Spot : 19818.5 Watch Option Strike : 20000 CE & 20000 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day.
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point
6. Stop Loss Is Must..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. We See 4 Types Of Fibinacci Retracement Levels
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.
7. Market Moves in UpTrend or DownTrend.
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
Finnifty
#finnifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
FIN NIFTY - Target - Levels - 21.09.23FIN Nifty Spot : 20104.50. Watch Option Strike : 20200 CE & 20200 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day.
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point
6. Stop Loss Is Must..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. We See 4 Types Of Fibinacci Retracement Levels
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.
7. Market Moves in UpTrend or DownTrend.
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
Finnifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
18 Sep ’23 Post Mortem on FinNifty - weekly expiry analysisFinNifty Weekly Analysis
We had the expiry today instead of Tuesday because of a scheduled holiday in exchanges on 19th Sep 2023. So in the current expiry week, FinNifty got only 4 trading days.
Between the last expiry day and today, FinNifty has gone up 120pts ~ 0.6%. And in this period we looked strong, but not strong enough to take out the all time highs. Unlike banknifty, the top-like formation is not rounded or curved - its like a straight line.
Since its not rounded - I have my doubts. It could even not be a top too. 20666 is the ATH and to take that out we need just 264pts ~ 1.3%. And if you noticed today the major components of today’s 0.6% negative run were banks and not BAJAJ twins. Are the banks seeing something that's hidden in plain sight?
#finnifty"Good morning! As of September 18th, global market sentiment is slightly turning negative, primarily based on the performance of the Dow Jones. The market trend is moderately bullish; it may open with a slightly negative gap. After that, if it takes support around the immediate support zone, then we can expect the range market to continue rallying. However, if it breaks the immediate support level, the correction is likely to continue."
Finnifty weekly expiry analysis of 18/09/23.Finnifty is trading around the ATH higha and has closed near to the level. The weekly close is quite good for a bullish move as it has closed 393 point higher this week.
It has shown a U-shape recovery on the weekly charts and it might take a halt before creating a new high.
On the daily charts, it has closed 123 points higher and consolidated in a triangle.
Tomorrow is it weekly expiry and there are possibilities of a trending move as the market has consolidated in last trading session.
On 15 minute time frame, market took support from the 20 ema and closed around the level. There are supports near by and the market can reverse from the any support.
It will be wise to keep smaller target on the bearish and bullish side.
Market has stretched alot and there are possibility of market taking a halt or showing some sideways market as previous trading session.
Support :- 20420, 20360
Resistance :- 20560, 20610, 20665(ATH)
Watch for the option premiums as it is expiry tomorrow. If there is break out in the second half it can give good momentum in the premium as well as option charts.
Wait for the price action near the levels before entering the market.
Finnifty"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
#finnifty"Good morning! As of September 13th, global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
12 Sep ’23 Post Mortem on FinNifty - weekly expiry analysisBetween the last expiry and today, FinNifty has gone up an impressive 2.64% ~ 521pts. The financial services companies really took the lead this time to get Nifty out from the bearish zone.
Today might be the only day in this year wherein I did not actively trade FinNifty for expiry. The options premiums were juicy enough, but I was more attracted to the Nifty50 premiums. Although I got into FinNifty twice, I exited it both times to switch to Nifty.
Since we have consecutive expiries now and since the trader pool remains more or less constant, the best opportunities are now getting presented by liquidity or lack of liquidity. I am guessing that is going to be the new normal unless we have more people coming into markets.
FinNifty has a similar chart pattern like banknifty but has a higher gap to take out the ATHs. Also the breakout rally is not completed yet.
#finnifty"Good morning! As of September 12th, There is no significant difference between the last session. Global market sentiment is positive, based on the Dow Jones alone. The market trend is bullish, and there is a possibility that the market might open with a gap-up. If the gap-up sustains, we can expect the rally to continue with minor corrections. On the other hand, if the gap-up doesn't hold, we can anticipate a minor correction."
Finnifty weekly expiry analysis for 12/09/23.Finnifty has given a close above 20300 levels gaining 167 points higher.
On the hourly charts, the market gave a breakout after consolidating in the second half of the session and is trading above both the moving averages.
Nifty has also touched the 20k levels and now its time for other indices to form new ATH.
Tomorrow is weekly expiry and if the index take a halt it will give pain to the option buyers. It will be wise to trade the dips as the market is of buy on dip.
On 15 minute time frame, there is a support around 20250 which coincides with the 20 ema. It has closed above both the moving averages.
Support :- 20255, 20180
Resistance :- 20360, 20450
Watch the break out and only trade a confirm setup as it will be a weekly expiry.
Wait for the price action near the levels before entering the market.
Financials to bleed for next one yearBanknifty and nifty charts I have already shared in other posts.
This is finnifty chart on weekly time frame with my wave countings.
Finnifty completed its double correction at around 20650 mark in july itself.
The breakdown should start soon, and it will be bigger bear cycle which will continue for next 1 year (atleast, it may extend ).
No overnight longs suggested.
IF not shorting, dont go long now.
The bull part is almost over here.
Let the bear party begin.
All the best and stay alert, stay updated.
#finnifty"Good morning! As of September 11th, global market sentiment is slightly positive, based on the Dow Jones alone. The market trend is bullish, and there is a possibility that the market might open with a slight gap-up. If the gap-up sustains, we can expect the rally to continue with minor corrections. On the other hand, if the gap-up doesn't hold, we can anticipate a minor correction."
#finnifty"Good morning! As of September 8th, the global market sentiment is slightly positive, based on the Dow Jones alone. The market trend is bullish, and there is a possibility that the market might open with a slight gap-up. If the gap-up sustains, we can expect the rally to continue with minor corrections. On the other hand, if the initial market experiences sharp declines and reaches yesterday's minor high, that's a sign of a trend reversal."
Finnifty"Good morning! As of September 7th, there is no significant difference compared to the last session; the global market sentiment is negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. Structurally, it is a range-bound market, so we can expect some consolidation. We can anticipate a directional move after a major support or resistance level is breached."
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#finnifty"Good morning! As of September 6th, there is no significant difference compared to the last session; the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. Structurally, it is a range-bound market, so we can expect some consolidation. We can anticipate a directional move after a major support or resistance level is breached."
05 Sep ’23 Post Mortem on FinNifty | Weekly Expiry AnalysisFinNifty Weekly Expiry Analysis
Between the last expiry and today, Finnifty has only fallen 0.21% ~ 41pts. From a headline level the fall of 1.83% ~ 365 pts and its recovery is not obvious. Moreover FinNifty has respected the support level of 19421 and is trading at a safe distance from it.
As it stands Finnifty is not showing any directional sentiment, this was the reason the options premium were very less today. In fact Nifty50 and BankNifty far OTM options had good juice today, I am assuming it would be because the liquidity was sucked out by the FinNifty expiry traders.