#finnifty"Good morning! As of August 31st, the global market sentiment is neutral (based on the Dow Jones alone). The market trend is bearish, and the market might open with a slight gap-up. after that, if the gap-up doesn't sustain and there's a sharp decline, the correction will likely continue. On the other hand, if the gap-up sustains and breaks the 38% Fib level, the market might turn into a range-bound phase. In that case, we should wait for a range breakout."
Finniftyintradatradesetup
#finnifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
29 Aug ’23 Post Mortem on FinNifty + Weekly AnalysisBetween the last expiry and today, FinNifty has moved up 1.4% ~ 272pts in what looked like a show of strength by the bulls. Since this came right from the trend line, the scales are now weighing for a bull run.
We have broken the falling wedge pattern and the support of 19424 looks quite impenetrable. Today was a flat day for FinNifty but the inability to drive down the prices will give some added boost to the bulls by tomorrow & 31st Aug. Already FinNifty and BankNifty have given enough clues to Nifty on a possible trend change from bearish to bullish on the 1hr and 1D time frames. Slowly but surely Nifty should follow the financial sectors to outperform unless the NiftyIT has some stories to tell. I wish to maintain a bullish stance on FinNifty till the support of 19424 holds.
#finnifty"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
Finnifty monthly expiry analysis for 29/08/23.Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts.
On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages.
Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market.
On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs.
It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side.
Support :- 19680, 19530-50
Resistance :- 19780, 19830, 19910
The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums.
Wait for the price action near the levels before entering the market.
#finnifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
FinNifty Weekly Tradesetup for 28th Aug to 1st Sept 2023FinNifty Weekly Tradesetup for 28th Aug to 1st Sept 2023
Looking for profitable Options trading opportunities for the week of 28th Aug-1st Sept 2023 In this Blog, I'll be sharing the option buying and selling levels for Finnifty for the week 28h Aug to 1st Sept 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
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"Good morning! As of August 25th, the global market sentiment is negative, based on the Dow Jones alone. The market trend is bearish, and the market might open with a long gap down. Therefore, we don't know where it will open. If the market finds support around the immediate support zone, we can expect a minimum pullback of 23% to 38%. On the other hand, if the decline sustains, then the correction will likely continue." #finnifty
#finnifty"Good morning! As of August 24th, the global market sentiment is positive (based on the Dow Jones alone), and the market trend is moderately bullish. The market might open with a gap-up. If the market reaches resistance with consolidation, we can expect a minor correction. On the other hand, if the initial market experiences a sharp rally, then the rally is likely to continue with minor consolidation."
#finnifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
22 Aug ’23 Post Mortem and Expiry Analysis on FinNifty Between the last expiry and today, FinNifty has only given up 110pts ~ 0.56%. This is not at all a bad number if you consider the bearish trend it is in. Just like banknifty, finnifty is also following a falling wedge pattern with the same descending trendline slope. The noticeable point is that the support is at 19424 and technically Finnifty is still in the wedge whereas BankNifty has fallen below the support.
Finnifty Expiry Trades etup 22nd Aug 2023Finnifty Expiry Trade setup 22nd Aug 2023
Looking for profitable Options trading opportunities for the week of 22nd Aug-25th In this video, I'll be sharing the option buying and selling levels for Finnifty for the week 22nd Aug 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
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 weekly expiry analysis for 22/08/23.FinNifty has been trading in a range for last 3-4 session and tomorrow being an expiry there can a trending move.
A morning star pattern is there on the daily charts but the resistance level of 19600 is still being respected. If the market starts trading above the level there will be a nice up move as it has consolidated.
On the hourly charts, market has given a breakout of 20 ema and is retesting the levels.
In the second half of the trading session market remained in a range and lost some gain.
On 15 minutes charts, it has closed below both the moving averages and even the RSI is showing some negativity.
Support :- 19500, 19440, 19320
Resistance :- 19615, 19670
There are resistances in the short range and market has to clear these resistances in order to form a bullish trend. Still the trend is not clear and scalp trades can be done until the market give some confirmation of the trend.
Wait for the price action near the level before entering the market.
#finnifty"Good morning! As of August 21st, the global market sentiment is neutral (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a neutral to slightly gap-down opening. structurally, this is a range-bound market, so we can only expect a clear direction if it breaks out of the range. Otherwise, the range will likely continue."
Finnifty Weekly Key Trading Levels 21st to 25th Aug 2023Finnifty Weekly Key Trading Levels 21st to 25th Aug 2023
Looking for profitable Options trading opportunities for the week of 21st Aug-25th August 2023. In this video, I'll be sharing the option buying and selling levels for Finnifty for the week 21st Aug-25th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
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"Good morning! As of August 18th, The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
#Finnifty"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
#Finnifty"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. If it breaks the immediate support zone, then the correction will likely continue. On the other hand, if the decline doesn't break yesterday's low, it might turn into a range-bound market."
#finnifty"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
FinNifty weekly expiry for 14/08/23.FinNifty has closed below the swing low and for consecutive 3 weeks it has given red candle.
The market tried to retrace from the 19730 levels but this time it has closed below it.
On the daily chart, there is a low formation, retest and again it is forming another low. The bearish trend is confirmed and once the index start trading below the previous day low bearish trades can be entered.
It has closed between both the moving averages and the formation of an inverted cup is there which gives more conviction of the move to be a trending move.
On the hourly charts, the market has formed a bearish moving averages cross over and it has closed below both the moving averages. There are chance of market retesting the moving averages. If there is a negative candle formation near the level, enter a bearish trade.
19780-19850 range is a volatile range. It will be wise too avoid trading in this range as there is too much volatility in this range.
Support :- 19620, 19500
Resistance :- 19750, 19835, 19920
Tomorrow is Finnifty expiry and option premium will give good decay. The index on the smaller time frame is forming a lower low lower high pattern which can give confidence in a bearish trade.
Wait for the price action near the levels before entering the market.
Finnifty Key weely Trading Levels 14th Aug-18th Aug 2023Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
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"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
#finnifty"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market or a correction. On the other hand, if the market exceeds yesterday's high, we can expect the rally to continue with minor corrections. However, the important thing to note is that today's market has a significant event: the RBI MPC meeting at 10 am. This is a major event, and the market will likely move based on its outcome. So, it's advisable to take your position a bit more cautiously."