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.
Finniftyintraday
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.
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finnifty 4th july 2023finnifty is following the banknifty. So keep eye on banknifty while trading in finnnifty.
finnifty can move 200 points in eigther direction or it can end in range bound.
it can touch 20500 or it can go upto 20000 level.
Buy above 20300 target 20360,20447, 20533
Sell below 20200 target 20132,20052,19985
#finnifty"Good morning! As of July 4th, the global market is showing a neutral start with a bullish market sentiment. It might follow the previous rally. If it experiences a pullback similar to that, we can expect the rally to continue with a minor correction. On the other hand, if the initial market experiences a sharp decline, we can anticipate a 23% to 38% Fib correction."
03 Jul '23 Post Mortem on FinNiftyBefore we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually I dont bore you with FinNifty chart or number unless its expiry day, but today requires some real attention!
This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in premiums were hugely unusual. Agreed Finnifty was up 1.25% by that time. But the far OTMs premiums jumping 300 to 500% & that too CALLS - unexplainable.
Since Finnnifty is not used to trade with so much volatility, most of the positional option traders would have taken a huge hit today. If it were banknifty - we all understand the beast that it is.
#finnifty"Good morning! As of June 30th, there is no significant difference compared to the last session. the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
Finnifty"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
PostMortem on FinNifty Today & Analysis of 27 JUN 2023The trend started in Finnifty which was responsible for the last hour surges in BN and N50. If you look at the Finnifty chart today - it was positive right from the start.
From 11.10 to 15.10 we had a decent rise of 1.27% ~ 248pts. Today was the expiry day & till 14.00 we did not see any major impact to the options premium. But right after that the CE premiums were surging & had unbelievable intraday gains percentage wise.
19550 to 19750 CE were all out of money till yesterday's close, but went ITM (in the money) by today. Percentage wise 19700 CE had a gain of 2170%, 19750 gained 1745%, 19650 gained 1536, 19600 gained 897%, 19550 gained 538%.
Today would have been a dream day for option buyers. I missed out on the opportunity today mainly because I assumed preponing the expiry day would result in selling and not buying. Hence my PUTS went worthless today!
#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."
#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."
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."
#Finnifty"Good morning! As of June 22nd, 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. It is possible that the market might open slightly gap-down. After that, if it experiences a pullback, we can expect a continuation of the rally with minor corrections. On the other hand, if the initial market declines sharply, the range market will continue."
#finnifty"Good morning! As of June 21st, the global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open neutrally. After that, if it experiences a pullback, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, the range market will continue."
#finnifty"Good morning! As of June 20th, the global market is showing a negative start with moderately bearish market sentiment. It is possible that the market might open with a gap-down. If it rejects the immediate support zone after the gap-down, we can anticipate a minimum of a 61% to 78% Fib pullback wave. However, if the gap-down sustains, the correction is likely to continue."
finnifty Expiry Trading Plan Potential Trading Opportunities in Finnifty for Expiry Intraday Trading
Finnifty Price levels where the Buying and selling Pressures are Expected to be Strong and it is top Finnifty Trading Indicator
Support Zones for Finnifty are as Given Below
S1- 19390
S2- 19300
S3 -19210
Resistance Zones for Finnifty are as Given Below
R1- 19460
R2 -18510
R3 -19570
Finnifty Option Chain Analysis for Intraday Trading
PCR ratio as per Option Chain Analysis - 0.85( Bearish)
Max Pain As per Option Chain Analysis -19500
Major Resistance as Per Finnifty Open Interest Analysis -19500 /19600
Major Support as Per Finnifty Open Interest Analysis -19300 / 19400
Finnifty Long Opportunity tomorrow in Intraday Trading -
If Finnifty Sustain Above 19410 then its Good Buying Opprtunity and Target is 19450/19500
Next Buying Opprutunity is Above Resistance 19300 , Dont buy below 19300
Finnifty Short opportunity tomorrow in Intraday Trading -
we can take short trade near Resistance If Finnifty not break Resistance of 19450 then its Good shorting Opprtunity and Next shorting Opprutunity is Below 19500 , Dont Short above 19530
#FinniftyGood morning! As of June 19th, the global market indicates a slightly positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a min of 38 to 61% fib correction. On the other hand, if the initial market declines sharply, that's a sign of the range market.
#finniftyGood morning! As of June 16th, the global market indicates a positive start with moderately bearish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone (fib level 38%), we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation with minor consolidation.
#FinniftyGood morning! As of June 15th, the global market indicates a slightly negative start with moderately bearish market sentiment. It might open with a gap-down. After that, if it rejects the immediate support zone, we can expect a range-bound market. On the other hand, if the gap-down sustains, we can expect a continuation of the correction with minor consolidation.
Finnifty Key Trading Levels for 15th June 2023 Finnifty Key Trading Levels for 15th June 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
#FinniftyGood morning! As of June 14th, the global market indicates a positive start with a moderately bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation with minor consolidation.