Finnifty weekly Tradesetup for 12th June- 16th June2023Finnifty weekly Tradesetup for 12th June- 16th June2023
Weekly Market Analysis 12th June- 16th June 2023 Nifty50,Banknifty & Finnifty Option Trading Levels
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
Finniftykeytradinglevels
#FinniftyGood morning! As of June 9th, the global market indicates a neutral to slightly positive start, with a bearish market sentiment. It might open with a neutral tone. After that, if it breaks yesterday's low, we can expect a continuation of correction with minor pullbacks. On the other hand, if it initially takes a sharp pullback without breaking yesterday's low, we can expect a range-bound market.
#FinniftyGood morning! As of June 8th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th pullback wave. Once the 5th wave is complete, we can expect a correctional (abc) structure. If you want additional confirmation, then use EMA 20 and fib 38% level. If it breaks EMA 20 and the fib level of 38%, that's a sign of a trend reversal.
#FinniftyGood morning! As of June 7th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th pullback wave. Alternatively, if it initially declines and breaks the trend reversal zone, we can anticipate a correction continuation.
#FinniftyGood morning! As of June 6th, the global market indicates a neutral to slightly negative start with moderately bearish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, we can expect the sub-wave 5th (impulse) with minor consolidation. Alternatively, if it initially declines, we can anticipate a range market correction.
finnifty Expiry Trading Levels 06 June 2023 Finnifty Confirm Targets For Expiry
Without any Indicator only with Price Action Trading Strategy
Support Zones for finnifty are as Given Below
S1-18445
S2-18345
S3 -18200
Resistance Zones for finnifty are as Given Below
R1-19420
R2 -19299
R3 -19140
Finnifty Open Interest Analysis to Find Major Support and Resistance as well as Big Playesr Position
PCR ratio as per Option Chain Analysis - 0.79 ( Bearish )
Max Pain As per Option Chain Analysis - 19450
Major Resistance as Per Nifty Open Interest Analysis - 19500/19600
Major Support as Per Nifty Open Interest Analysis - 19400 /19300
Call Buying Levels for Finnifty are - 19435 and 19515
Put Buying Levels for Finnifty Expiry are - 19420 and 19620
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#FinniftyGood morning! As of June 5th, structurally, there have been no significant changes. The global market indicates a positive start with bearish market sentiment. It might open with a gap-up. If it sustains, we can expect consolidation for pullback continuation. Alternatively, if it declines initially or rejects around a major key zone, we can expect the market to correct within a range.
#Finnifty"Good morning! As of June 2nd, the global market indicates a positive start with bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect consolidation for pullback continuation. On the other hand, if it declines initially or rejects around a major key zone, we can expect the market to correct within a range."
#Finnifty"Good morning! As of June 1st, the global market indicates a negative start with moderately bearish market sentiment. There may be a gap-down start initially. After that, if it takes a pullback around the Fib level of 61%, we can expect the range market to continue pulling back. On the other hand, if it breaks a major key zone(19373), that is a sign of correction continuation."
#FinniftyGood morning! As of May 31st, the global market indicates a negative start with a moderately bullish market sentiment. There may be a gap-down start initially. Structurally, it might form as a flat correction. So, if the correction finds support around the major key zone, we can expect a bounce back. On the other hand, if it breaks a major key zone, that is a sign of correction continuation with minor pullbacks.
#Finnifty"Good morning! As of May 30th, the global market indicates a negative start with a moderately bullish market sentiment. There may be a neutral start initially. Structurally, the consolidation indicates a bullish formation, thus suggesting a high probability of rally continuation. On the other hand, if it declines initially, we can expect a minor correction."
#FinniftyGood morning! As of May 29th, the global market indicates a positive start with a bullish market nature. The SGX Nifty indicates a long gap-up, so we don't know exactly where it will open. Structurally, it's a strong bullish market. If it breaks the major key zone, we can expect a rally continuation. On the other hand, if it declines at the start, we can expect a minor correction. It could possibly indicate a rally continuation. Due to the trend, market consolidation will mostly follow the trend. Therefore, if it experiences a minor correction (within the Fibonacci level of 38%), we can expect a rally continuation in the upcoming sessions.
#FinniftyGood morning! As of May 26th, the global market indicates a negative start with a moderately bullish market nature. There may be a gap-down at the beginning. Structurally, the ABC correctional structure has finished. It is the first pullback for the next cycle. If it rejects major resistance or the gap-down sustains, we can expect a second wave. It shouldn't break yesterday's low. If it breaks, that's a sign of correction continuation.
#FinniftyGood morning! As of May 25th, there are no significant differences compared to the previous day. The global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it consolidates or breaks the major key zone, we can anticipate a continuation of the correction. On the other hand, the ABC structure has been completed. So, if the market sharply pulls back at the start, we can expect a range market for pullback consolidation.
#FinniftyGood morning! As of May 24th, the global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a range market to pull back consolidation.
finnifty 24th may triangle pattern finnifty is continuing in triangle pattern and it is yet to break long support trend line. If it breaks the trendline support at 19377 then possibly it can go 19089 level. If it takes support at 19377 level and bounce back then possibly finnifty can be in the range bound or it can go 19589 level.
don't be bullish or bearish. Trade with the market direction
BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587
SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
FINNIFTY triangle pattern on 23rd mayFInnifty is forming triangle pattern and it should break either way. But looking at the OI data this might end up in range bound or mostly towards 19089 level.
BUY Above 19431(FINNIFTY 19350 CE) Target 19465,19497,19534,19587
SELL Below 19268 (FINNIFTY 19350 PE) Target 19212,19147,19089
#FinniftyGood morning! As of May 23rd, the global market has shown a neutral to slightly positive start with a moderately bullish market nature. There may be a gap-up at the beginning. After that, if it sustains or if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation. Additionally, Nifty is currently exhibiting a long rally, while Bank Nifty is in a range market with a bullish structure. Once the range market breaks, the rally may take off sharply. On the other hand, if the market declines or rejects the immediate key zone at the start, we can anticipate a range-bound market or a continuation of the correction.
#FinniftyGood morning! As of May 22nd, the global market has shown a negative start with a moderately bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a range-bound market or a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation.