FINNIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Finniftyintraday
FinNifty weekly expiry analysis for 13/02/24.FinNifty has closed 280 point lower on the daily charts, testing the 200 ema.
The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels.
It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the expiry day.
Even the VIX has gone up by almost 4% which will give option buyer some higher option premiums and decay may eat way the profits.
Tomorrow is weekly expiry and last two expiry were sideways. Probability of a trending expiry is high and on the bearish side as per the technicals.
Major support levels :- 19840, 19730, 19640
The index is showing a Lower High Lower Low formation and sell on rise is the market cycle.
In case of a gap down, a sell off can be seen in the markets as there the momentum is on the same side. In gap up opening there will be a confusion as it will create indecision in the markets.
Resistance levels :- 19980, 20220
Wait for the price action near the levels before entering the markets.
FinNifty weekly expiry levels for 06/02/24.FinNifty is trading in a no trading zone of 21200-21450. It has consolidated today and tomorrow being weekly expiry can give a trending move.
It is trading between both the moving averages on the daily time frame. Watch it take support around 200 ema, a short term bearish trend is confirm.
If the market opens gap up and takes rejection from the upper zone, good R:R ratio trade can be initiated with target of 21200.
In case of a gap down opening, there will be negative signs and position can be created below 21200 support zone.
Major bearish targets :- 20230, 20020
The market is trading in a volatile cycle and giving hard time to option buyers.
Option seller will enjoy the markets as the VIX is high (closing 6.5% higher).
Resistance levels for expiry :- 20450, 21560
Wait for the price action near the levels before entering the market.
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.
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 12.Finnifty has been following the banknifty structure. There is a sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 21,424 or 21,470; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. However, if the market sustains or consolidates around there, then the 5th might extend.
Bearish aspect: If the gap-up doesn't sustain or if it opens with a gap-down, it may take a range market structure. Alternatively, if it breaks the previous low, then we can expect correction continuation.
#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 3rd"Here are the directions for January 3rd: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -70.
After the gap-down, if it breaks the immediate support level, we can expect the correction to continue. However, if it finds support at 21243, it might experience a 38% pullback."
#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 directions and levels for DEC 28th"Good morning, friends. Here are the directions for December 28th: The global market sentiment is bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing +80.
>The markets are closed at an all-time high. The trend also clearly indicates a bullish tendency, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The wave structure also indicates a clear bullish trend (minor 3rd wave).
>We can expect a correction only if it breaks the Fibonacci level of 38% with the initial market decline. Otherwise, the declines might find support (Fib level 38%) and create a range market for rally continuation."
#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 directions and levels for DEC 26th"Good morning, friends. Here are the directions for December 26th: 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 a gap-up start, as indicated by Giftnifty showing +45.
If the market sustains the gap-up or consolidates, we can expect a range market to pull back for continuation. On the other hand, if the initial market declines sharply or the initial pullback is rejected around the immediate resistance, then we can expect a correction. In my opinion, we are experiencing a range market structure, which is a challenging aspect of trading. Therefore, if we witness a solid structure or minor consolidation, we can consider this for a trend continuation trade."
15th Dec ’23 - 0.5% variance b/w BankNifty & FinNifty - a first?BankNifty Analysis
The patterns and price action on BankNifty were interesting today. For the first time, I noticed a dichotomy with Finnifty’s points. BankNifty and FinNifty had a variance of 0.5% index-to-index basis. This gap remained as such for the entire day. I do not remember the last time they had a sizeable gap. 81.57% weighted stocks in Banknifty have a combined weight of 77.09% in Finnifty - still, we got a variance.
4mts chart link - click here
Today’s gap up was actually in the range set from yesterday. We did not break out until 14.27. So if we do not combine yesterday’s price action with today’s - the final painted picture will be different. The real deal today was NiftyIT which went up 4.56% and Reliance + Adani. SBI also played a part but BankNifty as a whole was not that crazy as Nifty. We finally ended the day with a gain of 0.86%. FinNifty ended with 0.32% gains.
63mts chart link - click here
BN has also made an island formation because of the gap-up yesterday. The stance remains unchanged at bullish. The first support level will be 47754. Meanwhile would like to find out why NiftyIT surged so much, definitely it has to do with some news or insider information.
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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