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Finniftyanalysis

01 Aug ’23 Post Mortem on FinNifty and weekly analysisFinNifty Analysis From the last expiry and today, Finnifty has fallen 197pts ~ 0.96%. We did hit an ATH of 20666 on 27th Jul and the same day we fell quite deeply. Today’s close is almost matching the intraday low set on that day. Today’s Analysis There was some interesting price action till 12.50 today - the fall was quite decent to watch esp after a gap up open. However the momentum was not in favor and we quickly gained back 82pts ~ 0.41% to finally close flattish. The usual volatility was missing today. Usually the trading in finnifty sucks out the liquidity from nifty and banknifty - but did not see that much activity today. Will wait for final traded contract numbers from exchange to verify this. ... Comment with your thoughts, opinion or bias, I will respond with the levels I am watching for tomorrow !
NSE:CNXFINANCE
by viswaram
4
Finnifty Expiry trade setup 01-08-2023 FinNifty important intraday levels to watch for 31-07-2023 #Support: 20320 Short if candle closes below 20320. #resistance: 20375 Long if candle closes above 20375. #Targets on downside after break of support. Target 1= 20290 Target 2= 20235 #Targets on upside after break of resistance. Target 1= 20420 Target 2= 20470 Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:CNXFINANCE
by InvestyourAsset
#finniftyGood morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the next resistance level. However, if the market opens gap-down, we can expect a range-bound market. We can anticipate a correction only if it breaks the previous bottom.
NSE:CNXFINANCE
by Manickamtraders
#finnifty"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
NSE:CNXFINANCE
by Manickamtraders
7
#finnifty"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
NSE:CNXFINANCE
by Manickamtraders
#finniftyGood morning! As of July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it breaks below the immediate support zone
NSE:CNXFINANCE
by Manickamtraders
25 Jul ’23 Post Mortem on FinNifty | 209pts up in a weekFinnifty has actually moved up 209pts ~ 1.03% between the last expiry and today. What this means is the recent reversal in Nifty is yet to reach the financial service index. Moreover the finance sector esp. Banks were looking strong throughout the last week. FinNifty had a decent expiry today, closing almost flat +0.13%, well it is quite hard to believe when it had almost fallen 0.95% ~ 196pts from the open to 13.35. It was harder to see how it recovered 0.85% ~ 173pts from that in the short interval 13.35 to 14.55. If not for the V shaped recovery we would have had not so exciting weekly gains! ... Please comment with your feedback & suggestions - I will use that to improve my services! viswaram. com
NSE:CNXFINANCE
by viswaram
#finnifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
NSE:CNXFINANCE
by Manickamtraders
#FinniftyGood morning! As of July 20th, the global market is indicating a positive start with GIFT Nifty showing a +2 points increase, resulting in a moderate bullish market sentiment. There is no significant difference compared to the last session, and there is a possibility of a slight gap-up opening. If the market maintains its structure, we can expect a rally continuation with minor corrections. However, in the event of a sharp decline in the initial market, we can anticipate only a minor correction.
NSE:CNXFINANCE
by Manickamtraders
18 Jul ’23 Post Mortem on FinNifty + Expiry SpecialWe had a gap up open and the high was formed the first swing i.e. 20476.25 by 09.25, from there the momentum was lost & we started falling. There was a 1.19% fall between 11.15 to 12.20, then a brief recovery and then the selling continued. The options premium was elevated today, usually we do not have high premiums for Finnifty expiry. Most noticeably even the Nifty50 and BankNifty options premiums spiked today. Between the last expiry & today, finnifty gained 1.4% ~ 279pts. Although we did not retest the ATH of 4th July, we came quite close today. The index is not looking weak though and we would require a sharp selling for a change in bullish bias.
NSE:CNXFINANCE
by viswaram
Finnifty expiry special trade setup FinNifty Important intraday levels to watch for 18-07-2023 #Support: 20250 Short if candle closes below 20250 #resistance: 20450 Long if candle closes above 20450 or if 15 minutes candle closes above 20305 with a strict stoploss of 20440 for the target towards the supply zone. #Targets on downside after break of support. Target 1= 20150 Target 2= 20020 Target 3= 20900 #Targets on upside after break of resistance. Target 1= 20530 Target 2= 20586 As this is expiry no one should hold the loosing trade for longer time period and strictly trade with stoploss. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:CNXFINANCE
by InvestyourAsset
#finniftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NSE:CNXFINANCE
by Manickamtraders