FINNITY MATHEMATICAL LEVELS FOR THIS WEEKThese 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
Finniftykeytradinglevels
FinNifty monthly expiry analysis for 27/08/2024.Market slow and steadily is trading in a upward direction but intraday momentum is in a sideways direction.
After the initial 1 hour candle, the market has trading in a 40-50 points range and eaten away option premiums.
Tomorrow is the monthly expiry for the index and there are chances of a trending move as the markets has been trading in a range for last 3-4 trading sessions.
Major resistance levels :- 23440, 23650
Support levels :- 23280, 23030
The market is giving sideways momentum, plan only 2-3 trades in option buying as the Theta will be on the other side and can give losses even if the market is stable.
Wait for the price action near the levels before entering the market.
FinNIfty weekly expiry analysis for 20/08/2024.FinNifty is constantly testing the 20 ema and today also, it opened above the moving average but couldn't sustain the levels and closed below it.
It has been trading in a range and is around the upper levels of the range. If there is a gap up opening around 23000 levels, there are chance of market reacting to the round number levels. And bullish entry can only be tested once the market makes a reversal after a profit booking on the levels.
In case of a gap down opening below today's low, a bearish trade can be entered with target around the support zone of 22800.
The market on the smaller time frame is forming a flag and pole pattern. It seems a bullish pattern and its break out can be traded.
Major support levels :- 22825, 22655
Resistance levels :=- 23070, 23150
In any case break out of 23150 level can lead to a gap filling trade upto 23300 levels.
Tomorrow is the weekly expiry and a break out after 2 O'clock can sustain.
Wait for the price action near the levels before entering the markets.
FinNifty weekly expiry analysis for 13/08/24.FinNifty is trading around the round number figure of 23k and has taken resistance from 61.8% fib levels.
There is a down trend confirmation in the market and sell on rise is the market cycle.
For last two trading sessions market has been trading between 20 and 50 ema. If market starts trading below 22800 levels, 22600 shorting target can be achieved and further is can test the recent low fo 22480.
There is not much movement or follow through after the bullish candle and the last hour fall show there are chance of market going for selling.
In case of a gap up opening, the market can go for a gap filling trade upto 22350.
Major support levels :- 22960, 22820
Resistance levels :- 23160, 23233
Watch for the VIX and price action near the levels before entering the markets.
FinNifty analysis for weekly expiry 06/08/2024.Finnifty on the daily chart has given a nice fall of 600 points after a gap down opening.
The index has taken support from 38.2% levels and retested the previous support zone (now acting as resistance zone during the closing hour).
If there is a gap down opening below today's low, wait for market to recover and tilt again for the entry.
In case of a gap up opening, chance of a sideways/ halt markets are more and option premiums may decay.
Option premiums are high as the vix has climbed upto 20 levels gaining 42%.
The market are looking bearish and if it wait to recover it has to create a base or take a halt before recover. Sell on rise is the market for now.
Major support levels :- 23630, 23540, 23430
Resistance :- 23835, 23000
Wait for the price action near the levels before entering the markets.
FinNifty weekly expiry analysis for 18/06/2024.FinNifty has been trading in a rising wedge pattern in the last week and has closed around the resistance levels.
Tomorrow is the weekly expiry of the index and chances of a trending move is there as the market has consolidated in a narrow range.
In the last trading session, finnifty has consolidated in a 40 points range after the hour of trading.
Markets were close for 3 days and probability of a gap up/down are high. If there is a flat opening in the range, break out or break down can be traded as there the market scenario.
If there is a gap up opening, let the market retest the resistance levels (now acting as a support zone) and entry once the the market cross the day high can be made.
Support levels :- 22280, 22190
Resistance :- 22500, 22656
The VIX has cooled down and the option premiums are cheap. Watch for a trending market and adhere to the trailing stop loss strategy to capture the trend.
Wait for the price action near the levels before entering the market.
FinNifty intraday trading levels for weekly expiry 23/03/24.Finnifty has given a gap up opening and closed around the opening price forming a dragon fly doji.
If there is a gap up opening, chance of filling up the gap is highdn even testing higher levels are high.
Major resistance levels :- 21500, 21630
Tomorrow is the weekly expiry for the index and it has consolidated today. A trending move can be there in the index.
Gap down opening in the market may take some opportunities in intraday and there can be a consolidation as today.
Watch for the levels and candlestick pattern around the levels. 21350 levels has been tested many times and if there is a break out after a flat to slight gap down opening, a trending bullish move can be captured.
Support levels :- 21200, 21020
Wait for the price action near the levels before entering the market.
FinNifty weekly expiry analysis for 09/04/24.Today the index has tried to clear the high and created a new ATH but couldn't sustain above the levels forming a doji on the dialy charts.
Now the market is in a volatile to bullish stage and there are possibilities of it creating new highs after gap up openings.
It remained in a 100-120 points range on the day before the weekly expiry and previous expiries has also remained silent.
If there is a gap up opening, there will not be much movement in the index and another silent expiry can be seen. Bullish trades can be created for swing trade after the formation of a price action on the charts.]
In case of a gap down opening, important levels can be retested and a bullish pattern formation near the levels can be trade with strict SL and targets.
Major support levels :- 21570, 21480
Flat opening and a break out in the second half can be traded as market can be seen trending after much of sideways movement.
Wait for the price action near the levels before entering the market.
Finnifty Analysis & Prediction in DTFThis is the analysis of Finnifty in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your “STOMACH”.
Disclaimer:
This is not investment advice. 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.
Happy trading.
FinNifty intraday levels for weekly expiry 19/03/24.Today the markets where volatile in the first half and has consolidating in the second.
Finnifty remained in a small range between 20610-680 after a good bullish candle aand closed almost flat on the daily charts.
For last three trading sessions, market has been forming doji and are highly volatile. It is hitting the Stop losses and moving the direction afterwards.
If there is a gap up opening above 20700, there will be a break out of the rejection levels and both the moving averages will also be cleared.
It has not giving any good trending move in last expiries and chance of a trend move in this expiry can be seen.
Major support levels :- 20600, 20470
The market is giving target or SL in a single candle and reversing after it.
On the upside it can face rejection as there is a downtrend formation on the hourly charts.
Resistance levels :- 20700, 20785, 20850
In case of a gap down opening, there will be confusion and trading in a volatile market will fetch losses.
Wait for the price action near the levels before entering the market.
FinNifty intraday levels for weekly expiry 12/03/24.FinNifty has closed 140 points lower after a consolidation on the higher levels.
Tomorrow is weekly expiry of the index and there are chance of markets holding the higher levels.
It has taken a good support from the support zone around 20830 and closed near the zone.
Major support levels :- 20800, 20720
Market on the higher time frame is in a bullish trend and there are chance of market reverting after retesting the lower levels
If there is a gap down opening in the market below 20800, there is chance of test the lower support zone and recovering in the second half.
In case of a flat to gap up opening, price action will be crucial and confluence with the other indices should be taken for confirmation.
Resistanc levels :- 20940, 21030
Wait for the price action near the levels before entering the market.
FinNifty intraday levels for weekly expiry (05/03/24).Finnifty is still lagging behind the other indices and there are chance of it covering up the move tomorrow.
Last expiry was a sideway market ahs there are chance of a move in the index as it has take a halt around the higher levels.
If there is a gap up opening, market may keep the bullish move on as it will hit the SL of seller and a move can be seen in the morning.
In case there is a flat to slight gap down opening, wait for it to start trading above the resistance zone or break out in the second half.
Major resistance zone:- 20960, 2110-50
Support levels :- 20830, 20620
It is sustaining the higher levels and has consolidated in a range. A nice trending move on the break out can be seen.
Even watch for the option premiums charts and VIX before entering a position.
Wait for the price action near the levels before entering the market.
FinNifty intraday levels for monthly expiry 27/02/24.FinNifty has remained completely sideways today and is trading in a consolidation range.
On the hourly charts, the market has closed between both the moving averages and might touch the 200 EMA.
In case of a gap down opening, there is probability of market going bearish and testing the lower levels.
Major support level :- 20600, 20480
If there is a slight gap up or flat opening, wait for the market crosses and sustain above the trend line, upper levels can be tested.
Resistance levels :- 20760, 20830
The daily candle is showing some negativity as there is a hanging man candle near the support level.
Tomorrow is the monthly expiry of the index, watch for the option premium and time decay.
If there is a break out/down in the second half of the trading session, a trending move can be seen.
Wait for the price action near the levels before entering the market.
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
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 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 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 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.