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Finniftyintradatradesetup

#Finnifty"Good morning! As of July 10th, the global market is showing a negative start with moderately bearish market sentiment. It might open with a gap-down. If it breaks the immediate support zone after the opening, we can expect the correction to continue. On the other hand, if the initial market experiences a sharp pullback, we can expect a minimum of 38% to 61% Fib pullback. After that, if it sustains, we can expect the pullback to continue. however, if it takes decline then we can expect correction continuation"
NSE:CNXFINANCE
by Manickamtraders
9
04 Jul ’23 Post Mortem FinNifty ExpiryJust like yesterday, the jump in options premium at CE side was explosive. BAJFINANCE +7.19%, BAJAJFINSV +5.8% was the main reason for the gap-up opening. This screenshot was taken at 10.12 almost near the end of the opening 1hr, Finnifty was around the 20300 level. Its quite understood when the near ATMs has so high premiums — but the far away OTMs is unusual. 21000 CE was trading at 1.35, usually a strike 700pts away on expiry day would have premiums of 40 to 50 paisa around the same time. If you really saw the price action, the real rally came between 11.35 to 13.25 period when the index even went to 20577 levels. This surge was mostly contributed by SBIN & KOTAKBANK along with HDFC twins which were already out-performing. There was a dip of 0.9% between 13.30 to 14.25 — was that profit taking or signs of tiredness? I dont have the answer to that. Between the last expiry & today Finnifty has gained 3.1% ~ 613pts. Its a remarkable achievement even when we had a holiday in between.
NSE:CNXFINANCE
by viswaram
Finnifty expiry special ! Finnifty important intraday levels to watch. #Current price: 20390 #Support: 20320. Sell below 20320. Targets are marked in green line on the chart. #Resistance: 20420-20440 Buy above 20440. Targets are marked in red line on the chart. As this is weekly expiry, do not hold any position for long time. scalp out the spikes and enjoy profits. safe traders can trade using long straddle strategy, buy both ATM call and put in the second half. Follow us for more such educational ideas. Give it a like if you appreciate the idea.
NSE:CNXFINANCE
by InvestyourAsset
#Finnifty"Good morning! As of June 27th, The global market is showing a neutral to a slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty"Good morning! As of June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders
Finnifty WeeklyKey Trading levels 26th- 30th June 2023Finnifty Weekly analysis Trading Levels 26th June to 30thJune 2023 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
NSE:CNXFINANCE
by sbkurandwad77
Finnifty"Good morning! As of June 23rd, there is no significant difference compared to the last session. The global market is showing a neutral to slightly negative start with moderately bullish market sentiment. There is a possibility of a slight gap-down opening. If the market experiences a pullback afterward, we can expect a minor pullback reaching anywhere between 38% to 61%. If the market turns around at 61% or 78%, we can anticipate a correction. Alternatively, if the initial market decline is sharp, the correction will likely continue. For pullback confirmation, consider using EMA20 and the 38% Fibonacci level, as both will indicate a conservative reversal."
NSE:CNXFINANCE
by Manickamtraders
PostMortem on BankNifty Today & Analysis of 20 JUN 23 + Finnifty--- How many of you were prepared for the last 1 hour move today, I assume 90% of traders would have anticipated it. The real wow moment would be if we get to see the unwinding tomorrow. At least till the 43528 levels. We added 331pts between 14.25 to close today, most of which were due to Nifty's resistance crossing or positional trade on Finnifty expiry. The truth is we will only get to know tomorrow. Banknifty's open was inline and the good news for the bear is we broke the swing low of 15th June. If you looked at the opening hour price action, banknifty was really showing signs of further selling, but it did not happen. Again we got saved by the crazy dip buyers, this is more evident in the Nifty50 chart. From 10.40 there was consistent buying in N50, but the buying momentum came to a halt near the resistance level of 18762. From 13.25 to 14.25 the pressure was building on N50 to break through the resistance - but we all knew it had to come via banknifty or finnifty. As Finnifty had expiry today, the job was simple - buy some bank stocks today and get the nifty to surge past the resistance. These big boys could really square off these purchases tomorrow & could make money both ways. The green candles from 15.00 to close is an indication of how Nifty50 surged once the resistance was breached. We literally ran out of time, otherwise we could have taken out the ATH today itself. --- 15mts TF is showing some unique signals, we are getting lower highs but the lower lows are not that distinct & sharp. For real selling pressure we need deeper lower lows. --- 1hr TF is still not bearish, it would have almost tipped in the favor or bears today if 43253 got broken. Sadly that did not happen, but I am sensing pressure getting build up & honestly banknifty did not want Nifty50 to cross the ATH. --- Finnifty Expiry Special The proof that speculation came from Finnifty is here, the surge of 0.78% when it was 0.3% down! Who would believe that! Since the markets are gung-ho & there is optimism all around - we normally dont expect markets to go in red. When in red, bouncing back to zero levels or cutting the losses - understood. But going from -0.3% to end the day with +0.4% gains - unusual ! Well, I will be a believer if we continue the green spell tomorrow also. The surge in 19450 CE was proof of this. 1577% ROI on this strike alone, you wont believe, I squared off this position at 6.5 only to see it zoom to 52.9 in the money!
NSE:BANKNIFTY
by viswaram