finnifty 25th may 2023BUY Above 19367(FINNIFTY 19300 CE) Target 19422,19465,19497
SELL Below 19268 (FINNIFTY 19350 PE) Target 19222,19147,19089
Finniftyexpirydaysetup
FINNIFTY triangle pattern on 23rd mayFInnifty is forming triangle pattern and it should break either way. But looking at the OI data this might end up in range bound or mostly towards 19089 level.
BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587
SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
Fin Nifty - Prediction & Intraday Levels for - 23 May 2023Finnifty Analysis for Tomorrow:
Trend - BULLISH
Sentiment - Positive
BUY for Target of 19460 / 19520 (Being expiry day, take entry after 1:30 Pm its the best timing for Expiry day trades)
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!!
finnifty 22nd may 2023BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587
SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
#FinniftyGood morning! As of May 19th, the global market has shown a positive start with a moderately bearish market nature. There may be a gap-up at the beginning. After that, if it sustains, we can expect a pullback continuation. If it rejects in the immediate key zone, we can anticipate a range market or a correction. On the other hand, if the market declines sharply at the start, that's a sign of a correction continuation.
finnifty 17th may - head and shoulderFin nifty is forming a head and shoulders pattern and it can go up to 19277 as par the pattern. Better to be neutral and trade with the market direction.
BUY Above 19480(FINNIFTY 19400 CE) Target 19540,19627,19692
SELL Below 19373 (FINNIFTY 19300 PE) Target 19336,19297,19256
finnifty 16th may 2023 expiryBUY Above 19630(FINNIFTY 19600 CE) Target 19692,19715,19764
SELL Below 19540 (FINNIFTY 19600 PE) Target 19495,19449
PostMortem on BankNifty Today & Analysis of 15 MAY 2023We are near all time high on NSE:BANKNIFTY - 44151.7 is today's high. The previous high was 44151.8 on 14 Dec 2022. The lowest point was 38613.15 ~ -12.45% on 16 Mar 2023. Numbers are magically adding up, 3 months from High to Low and then exactly 2 months to reclaim the top spot.
From the chart you can notice that once we broke the bearish trend line, the rally came fast & furious. i.e from 11th Apr to 15th May we rallied 3116 pts ~ 7.6%. For traders who monitor the break-out rally - they would have followed this trend.
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Daily Analysis
Today's price action was rather surprising, BJP the ruling party in Karnataka was toppled by Congress with a good majority. News like this should be negative - yet our markets were rallying - incredible bulls.
I am not at all interested in politics, but today's move in NSE:NIFTY , NSE:CNXIT and FinNifty shows 2024 Lok Sabha elections might be won by Congress itself.
From a price action perspective we had a steady up day, there was only 1 minor pull back between 14.15 to 14.25 but that too got bought into. Volumes were also aiding long bias.
The credit spread that were getting written in the last 30 to 45 mts were really crazy. Positioning wise more people are favoring further upside as interpreted from the OI data. Tomorrow's Finnifty expiry might be interesting as most of the traders are already euphoric, the premiums may spike unusually tomorrow.
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15 mts TF shows the bullish bias quite clearly today. Since we are the top already, there is no more technical analysis that can be done from a resistance perspective.
The nearest support 43253 is 800 points below, so NSE:BANKNIFTY is quite in a sweet spot.
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1hr has made consecutive higher-highs after breaking out from the range. Again we are the top most level and I am quite scared to make any further direction guess. It will be lot better to react to the market once it has decided where it wants to go.
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NSE:NIFTY even though was looking more positive than bank nifty till 13.15, was not able to breakthrough the resistance of 18419. On the hourly candle Nifty made consecutive 5 candles, the 5th candle had closed right above this SR level.
But the 14.15 candle gave away those gains -0.34%. I think it is not a bad idea to shift to Nifty50 trading for 2 weeks as we have strong support & resistance level marked. I prefer to trade in a range than trade breakouts & breakdowns.
finnifty 12th may 2023finnifty is in consolidation and it didn't break previous day's low. so possibility of up move if it's not going to break yesterday low.
BUY Above 19458(FINNIFTY 19400 CE) Target 19500,19579,19623.
SELL Below 19370, (FINNIFTY 19300 PE) Target 19337,1927,19256
#Finnifty"Good morning. As of May 10, the global market has shown a slightly neutral to positive start, but it is currently moderately bearish in nature. It may begin with a gap-up, followed by a minor pullback (sub-wave B or 2nd wave) as per the market structure. Once it reaches its fib level, we can expect a correction (sub-wave C or 3rd wave). Alternatively, if the pullback sustains around the fib level of 78%, that's a sign of pullback continuation. On the other hand, if the market declines sharply at the start, we can expect a correction that will reach a minimum of fib level 50% and 61%."
finnifty 9th may 2023 expiryFin nifty might break 19500 and test 19600 level but keep eye on bajaj finance and HDFC.
BUY Above 19372(FINNIFTY 19300 CE) Target 19423,19500,19579
SELL Below 19199 (FINNIFTY 19250 PE) Target 19121,19023,18929
#Finnifty"Good morning, as of May 5th, the global market is showing a slight negative trend, but with a bullish sentiment. We may see a small gap-down at the start, but if the market exceeds yesterday's high, it could signal a continuation of the rally. However, if the gap-down persists and breaks below the 38% Fib level, we can expect a correction."
Finnifty 25th april 2023 Monthly Expiry BUY Above 19000(FINNIFTY 18950 CE) Target 19113,19265
SELL Below 18912 (FINNIFTY 18850 PE) Target 18792,18721,18673, 18604, 18588
Finnifty might end up in side ways(range bound)
#Finnifty"Trading day, April 11th: The global market indicates a neutral to slightly positive start, with the market nature being moderately bullish. If the initial market breaks yesterday's high, we can expect a rally continuation. On the other hand, if the initial market declines sharply, structurally, we can expect a long correction."
#Finnifty"Trading day, March 31:The global market indicates a positive start, with a moderately bullish market nature. It may start with a gap-up, and after that, we can expect the rally to continue with minor consolidation. Additionally, there is a sub-wave 5 to watch out for. Once the market rejects with divergence, it might reverse. In my opinion, it may not be a big fall, so we can expect a minimum of 38% Fib correction."
FinNifty Key Trading Levels for 28th Mar 2023-Expiry trade SetupFin Nifty Key Trading Levels for 28th Mar 2023-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
FinNifty Key Trading Levels for 21st Mar 2023-Expiry trade SetupFin Nifty Key Trading Levels for 21st Mar 2023-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Finnifty"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will likely continue. And don't take long position until forming a proper reversal signal."
Fin Nifty Key Trading Levels for 15th March 2023Fin Nifty Key Trading Levels for 15th March 2023 trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision.
Finnifty"Trading day, March 8th: The global market is indicating a negative start. Structurally, the market's nature is moderately bullish. It may start with a gap-down, and after that, if the market breaks the 38% Fib level, that's a sign of a correction. The correction will reach a minimum of 50% to 61% Fib levels. On the other hand, if the market rejects around 38%, then we can expect a range-bound market to rally continuation."
Finnifty"The global market indicates a neutral to negative start. The market nature is moderately bearish, and it may start with a gap-down. After that, if the market consolidates around the swing low, we expect a harmonic demand zone (HDZ). However, if the market rejects around the swing low, we expect a pullback that will reach a minimum of 23 to 38% fib level. On the other hand, if the initial market take pullback, then we expect a range-bound market as per the structure."
Finnifty"The global market indicates a positive start. Structurally, the market's nature is bearish. It may start with a gap-up. After that, if the market declines, it will fall further. On the other hand, if the gap-up sustains, we can expect the Fib level to be at a minimum of 50 to 61%."
Finnifty Expiry Confirm Targets 31Jan Finnifty Exiry Trading Setup for tomorrow
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty - 17904 - 17930
Second Support Zone For Finnifty – 17670 -17700
Third Support Zone For Finnifty – 17550 -17565
Resistance Zones For Finnifty Intraday Trading
First Resistance Zone For Finnifty – 18137 - 18158
Second Resistance Zone For Finnifty – 18300 - 18320
Third Resistance Zone For Finnifty – 18450 - 18460
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.84 ( Bearish )
Max Pain as per Option Chain Analysis – 17750
Major Resistance as Per finnifty Open Interest Analysis – 18500
Major Support as Per finnifty Open Interest Analysis – 17600
