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.
Finniftyintradatradesetup
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.
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.
#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.
#Finnifty directions and levels for JAN 10.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 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.
#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."
#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."
#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.
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.
#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
#Finnifty directions and levels for JAN 2nd Regarding Finnifty, there is no significant difference compared to Banknifty. It is going through the 4th correctional wave, with its sub-wave labeled 'C.' Therefore, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can expect the 5th impulse wave. This represents the basic structure. However, if it consolidates or decisively breaks the demand zone, then the correction is likely to continue."
#Finnifty directions and levels for January 1st.Here are the directions for January 1st: The global market sentiment is moderately bullish, 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 -40.
Structurally, Nifty finnifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."
Finnifty - Intraday levels & Prediction for 02nd Jan 2024Happy New Year 2024 to everyone.. New beginnings are just around the corner.
Finnifty Prediction for Tomorrow
BEARISH Reversal from 21550 - 21570 Resistance zone, any breakout of this level we can expect BULLISH Rally.
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
#Finnifty directions and levels for DEC 27th.Finnifty, similar to Bank Nifty, exhibits a range-bound structure, indicating no significant expected movement. However, should the market firmly break the upside at 78%, we might anticipate a move ranging from 21449 to 21488. Conversely, if it rejects around the 78% mark, we can anticipate a continuation within the range
Finnifty - Intraday levels & Prediction - for 19 Dec 2023Finnifty Prediction for tomorrow.
Gap up Open then BEARISH Reversal from 21482-21500
Bullish only above PDH / 21560
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Finnifty analysis for 12th December 2023 for educational purposeFinnifty analysis for 12th December 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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#Finnifty directions and levels for DEC 8th"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start.
We have an RBI monetary policy announcement tomorrow; the structure is not important here. The market might move based on the event. However, if the market experiences a pullback, it will likely reach the immediate resistance, a crucial zone. After that, if the market breaks it with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
#Finnifty Directions and levels for DEC 7th."Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50.
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation.
The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."
Finnifty Intraday Prediction Levels for 5 Dec 2023Finnifty Intraday Prediction Levels for 5 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/ Line or break down and close below the Support zone/ Line.
These levels act as support and resistance. You have to trade according to level breakout or breakdown.
If You are a new trader then just watch (No Trade) these levels for some days.
Happy trading.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
#Finnifty direction and levels for DEC 5th"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last session, the RSI displayed divergence. This signals a slightly negative aspect for the bullish bias. Therefore, if it opens with a gap-down, we might anticipate a 23 to 38% fib correction. If it finds support around that level, the market could shift into a ranging phase before resuming the rally. Structurally, there isn't a major correction anticipated, but sometimes, there might be a time correction.
Conversely, if the initial market stages a sharp pullback and breaches the immediate resistance, then we can expect the rally to continue."
#Finnifty directions and levels for DEC 1st"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70.
After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation.
On the other hand, if it doesn't sustain or if it rejects around the immediate resistance level, we can expect a correction of at least 38 to 78% in the minor swing."
#Finnifty directions and levels for NOV 30"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10.
Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or gap-down, a minor correction of 23 to 38% can be expected. The rally will persist only if the market solidly breaks the immediate resistance level.
This same sentiment applies to a bearish structure, indicating that a correction will occur only if it breaks the 38% Fibonacci level. Until then, we can anticipate the market remaining within a range."