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Finniftylevels

05 Sep ’23 Post Mortem on FinNifty | Weekly Expiry AnalysisFinNifty Weekly Expiry Analysis Between the last expiry and today, Finnifty has only fallen 0.21% ~ 41pts. From a headline level the fall of 1.83% ~ 365 pts and its recovery is not obvious. Moreover FinNifty has respected the support level of 19421 and is trading at a safe distance from it. As it stands Finnifty is not showing any directional sentiment, this was the reason the options premium were very less today. In fact Nifty50 and BankNifty far OTM options had good juice today, I am assuming it would be because the liquidity was sucked out by the FinNifty expiry traders.
NSE:CNXFINANCE
by viswaram
Finnifty"Good morning! As of September 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:CNXFINANCE
by Manickamtraders
Finnifty weekly expiry analysis for 05/09/23.Finnifty on the daily charts has given a grave stone doji and closed around 19800 levels. The market after an initial selling tried to recover and slow regained some points closing only 23 points lower. On the hourly charts, after the initial hour candle the market consolidated and closed between both the moving averages. The gap up and gap down are taking a oppportunity. Tomorrow is finnifty weekly expiry and the market have not given a trending market on last few expiries. On 15 minute charts, it retest the 20 ema and bounced back after the retest. There is also a cup and handle formation. The market remained volatile and there weren't much opportunity to trade. Support :- 19760, 19760, 19640 Resistance :- 19800, 19900 Supports are near by and market can reverse from the support. If market open flat and consolidate during the first half, second half break out can give nice profits. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty levels - Sep 5, 2023FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe
#finnifty"Good morning! As of September 4th, the global market sentiment is neutral to slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-up. After that, if the market consolidates or breaks the immediate resistance, then we can expect a rally continuation. Alternatively, if it rejects there, then we can expect a correction, but that should break the Fibonacci level of 38%. I mentioned only the gap-up variation; however, if the market takes correction without breaking yesterday's high, then we could expect a correction ranging from 38% to 50% based on the structure. This is an indication of pullback continuation. Alternatively, if the correction breaks the Fibonacci level of 50%, then we can expect correction continuation with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders
#finnifty"Good morning! As of September 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."
NSE:CNXFINANCE
by Manickamtraders
#finnifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:CNXFINANCE
by Manickamtraders
29 Aug ’23 Post Mortem on FinNifty + Weekly AnalysisBetween the last expiry and today, FinNifty has moved up 1.4% ~ 272pts in what looked like a show of strength by the bulls. Since this came right from the trend line, the scales are now weighing for a bull run. We have broken the falling wedge pattern and the support of 19424 looks quite impenetrable. Today was a flat day for FinNifty but the inability to drive down the prices will give some added boost to the bulls by tomorrow & 31st Aug. Already FinNifty and BankNifty have given enough clues to Nifty on a possible trend change from bearish to bullish on the 1hr and 1D time frames. Slowly but surely Nifty should follow the financial sectors to outperform unless the NiftyIT has some stories to tell. I wish to maintain a bullish stance on FinNifty till the support of 19424 holds.
NSE:CNXFINANCELong
by viswaram
#finnifty"Good morning! As of August 2nd, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:CNXFINANCE
by Manickamtraders
Finnifty monthly expiry analysis for 29/08/23.Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts. On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages. Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market. On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs. It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side. Support :- 19680, 19530-50 Resistance :- 19780, 19830, 19910 The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty levels - Aug 29, 2023FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe
#finnifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
NSE:CNXFINANCE
by Manickamtraders
#finnifty"Good morning! As of August 23rd, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might open neutrally, suggesting a ranging market. If it breaks yesterday's high after the neutral opening, we can expect a pullback continuation. On the other hand, if the initial market declines, it will likely undergo a minimum 78% Fibonacci correction. After that, if it rejects around the 78% level, we can expect a pullback. Conversely, if it consolidates or breaks the 78% level, the correction is likely to continue."
NSE:CNXFINANCE
by Manickamtraders
FinNifty weekly expiry analysis for 22/08/23.FinNifty has been trading in a range for last 3-4 session and tomorrow being an expiry there can a trending move. A morning star pattern is there on the daily charts but the resistance level of 19600 is still being respected. If the market starts trading above the level there will be a nice up move as it has consolidated. On the hourly charts, market has given a breakout of 20 ema and is retesting the levels. In the second half of the trading session market remained in a range and lost some gain. On 15 minutes charts, it has closed below both the moving averages and even the RSI is showing some negativity. Support :- 19500, 19440, 19320 Resistance :- 19615, 19670 There are resistances in the short range and market has to clear these resistances in order to form a bullish trend. Still the trend is not clear and scalp trades can be done until the market give some confirmation of the trend. Wait for the price action near the level before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty levels - 22nd Aug 2023FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe