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Finniftylevels

PostMortem on BankNifty Today & Analysis of 20 JUN 23 + Finnifty--- How many of you were prepared for the last 1 hour move today, I assume 90% of traders would have anticipated it. The real wow moment would be if we get to see the unwinding tomorrow. At least till the 43528 levels. We added 331pts between 14.25 to close today, most of which were due to Nifty's resistance crossing or positional trade on Finnifty expiry. The truth is we will only get to know tomorrow. Banknifty's open was inline and the good news for the bear is we broke the swing low of 15th June. If you looked at the opening hour price action, banknifty was really showing signs of further selling, but it did not happen. Again we got saved by the crazy dip buyers, this is more evident in the Nifty50 chart. From 10.40 there was consistent buying in N50, but the buying momentum came to a halt near the resistance level of 18762. From 13.25 to 14.25 the pressure was building on N50 to break through the resistance - but we all knew it had to come via banknifty or finnifty. As Finnifty had expiry today, the job was simple - buy some bank stocks today and get the nifty to surge past the resistance. These big boys could really square off these purchases tomorrow & could make money both ways. The green candles from 15.00 to close is an indication of how Nifty50 surged once the resistance was breached. We literally ran out of time, otherwise we could have taken out the ATH today itself. --- 15mts TF is showing some unique signals, we are getting lower highs but the lower lows are not that distinct & sharp. For real selling pressure we need deeper lower lows. --- 1hr TF is still not bearish, it would have almost tipped in the favor or bears today if 43253 got broken. Sadly that did not happen, but I am sensing pressure getting build up & honestly banknifty did not want Nifty50 to cross the ATH. --- Finnifty Expiry Special The proof that speculation came from Finnifty is here, the surge of 0.78% when it was 0.3% down! Who would believe that! Since the markets are gung-ho & there is optimism all around - we normally dont expect markets to go in red. When in red, bouncing back to zero levels or cutting the losses - understood. But going from -0.3% to end the day with +0.4% gains - unusual ! Well, I will be a believer if we continue the green spell tomorrow also. The surge in 19450 CE was proof of this. 1577% ROI on this strike alone, you wont believe, I squared off this position at 6.5 only to see it zoom to 52.9 in the money!
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 19 JUN 2023Nifty50 missed ATH by 6 points, the real reason was due to bank nifty - will explain it to you today. Banknifty made some strange price actions today. Nifty50 had a gap up opening and was roaring to break the ATH, banknifty on the other had had an inline opening and was stuck below the resistance. The real reason N50 couldn't scale the peak was because BN was unable to cross the resistance of 44068. Unlike the last session, NiftyIT was in green till 10.00 N50 and BN had similar chart pattern today, with a fall till 11.00 and then a minor recovery till 13.00. The next fall at 13.05 got abruptly ended at 13.30 and then the next 1hr of trade made no sense to me. Ideally there was no support zone for either BN or N50 but we failed to retest the recent swing lows. Adding to the surprise we had a super green candle at 14.35 that went up by 131pts for BN. From there we had a flattish close for BN but N50 was looking ready to fall. On the 5mts TF N50 closed just below the resistance zone of 18762. But this is not really visible on the 15mts and 1hr TF as we ran out of time. The recovery in the last hour helped both BN and N50 cut their losses. It all seemed like BN did not want to support N50 in creating its ATH today - will it support it later this week, lets us find out. Since tomorrow is Finnifty expiry we will have lot of positional moves esp after 14.30. --- 15mts is not that bearish because the 15th June session low is still not broken. Ideally it should have been taken out today - the drop in sudden momentum after 14.30 today seemed unusual. --- 1hr is not helping the bears so far, BN is below the resistance of 44068 and above the support of 43253. Ideally there should be another SR zone created at 43441, but I thought will wait for few more sessions before doing so. A fall from these levels will definitely pump up the options premium, there was a slight indication of rise in India VIX today. 10.9 ~ 11.3 levels of VIX is too less by any standards!
NSE:BANKNIFTY
by viswaram
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
NSE:CNXFINANCE
by manojshinde27
FinNifty levelsFinNifty 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. 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
PostMortem on BankNifty Today & Analysis of 13 JUN 2023 FinNiftyAnother day went by where the last 1 hr changed the sentiment of the day. Banknifty rallied 188pts ~ 0.43% from the LOD to the HOD all in 65 mts 14.20 to 15.25. Till that point the view was bearish and open for shorting opportunities. Just check the encircled area, banknifty was struggling to go past the resistance of 44068. The set up seemed almost perfect for a short-sell opportunity, it even had follow through when the 13.50 and 13.55 shaved off 114pts ~ 0.26%. Even the BN options data was showing weakness ahead. But Nifty50 had other plans, you would have noticed how strong it was even in the morning session. And it was not due to NiftyIT's support alone, RELIANCE, ASIANPAINT, ITC, HUL were all amassing gains. The option data for nifty was showing bullishness - the mistake I did was to anticipate nifty to fall once banknifty started its descent.  In fact the real opposite happened, Nifty50 pulled banknifty up, helped it cross the resistance with ease. My decision to go short was taken in a hurry to capitalize on the Finnifty expiry - but what it did was to take out the stop loss. Technically today banknifty and finnifty crossed the resistance whereas nifty50 has few more points to go i.e. till 18762. To an extent the last hour rally would have been due to the positive expectancy from US CPI data. Moreover SPX is at a 52wk high (not at all time high though). --- 15mts chart of BN still shows its trading in a range. Was expecting the lower end to break down today, but that did not happen. --- 1hr TF is also continuing in the same range. The upper band is at ATH levels - crossing that would mean a breakout trade and for that to happen banknifty would have to build lot of momentum. --- Finnifty Expiry Special Finnifty had a chart similar to banknifty. 19421 was the crucial SR zone for today, earlier in the day the trading was happening above this level. Between 13.50 to 13.55 there was a sudden fall back to the SR level. Again I assumed it will break this level and fall below the recent swing low. What actually happened was a rocket-style surge 90pts ~ 0.47% to ensure finnifty closed at the high of the day. From an expiry perspective, the options premiums were decent enough and had adequate juice till 14.00. 19450 CE which closed in the money would have been a jackpot strike if the buyer got in at Rs6 to Rs7 levels as it went up 3x.
NSE:BANKNIFTY
by viswaram
Finnifty Key Trading Levels & Prediction 14th June 2023 Finnifty Key Trading Levels & Prediction 14th 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
NSE:CNXFINANCE
by sbkurandwad77
#FinniftyGood morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while finnifty has three bending waves (ABC). Therefore, the market might follow the trend of whichever one is dominating. Simply put, if Nifty undergoes a correction after completing the "C" leg, finnifty will turn the range market into a correction without finishing three waves. Conversely, if finnifty dominates the market, Nifty might experience consolidation before a pullback continuation, ranging from 61% to 78%. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction.
NSE:CNXFINANCE
by Manickamtraders
Finnifty weekly expiry analysis (13/06/23).Finnifty on the daily time frame has been consolidating and forming confusion candles. It has taken support from the 20 ema and trading around 19400 levels. Today being weekly expiry nice movement can be seen as the market has consolidated. On the hourly chart, the market has been trading below the 20 EMA and can give 200 EMA as target. Markets are generally moving in the first hour or after 1 P.M. On 15 minutes charts, the market has been forming a descending triangle. Its break out can give good movement. Support :- 19390 ,19325 Resistance :- 19445, 19500 Watch for the daily 20 ema for a support as the market has consolidated and closed near the levels. If the support zone and the moving average is broken good bearish trade can be captured. Wait for the price action near the price levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
FinNifty levelsFinNifty 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. 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
#FinniftyGood morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 61% or 78%, we can expect a correction. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction. It should break yesterday's low.
NSE:CNXFINANCE
by Manickamtraders
Fin Nifty for IntraDayFin Nifty Calculation for Monday 12/06/2023 IntraDay 1) If Flat Open - we will for wait market to settle down if it breaks friday low go short till 19300. Flat Open - we will wait for market to settle down if it breaks 19450 we will go long till 19600 2) If open Gap Down around 19300 wait to form a bullish candle in 15 min candle. After breaking the candle high we go long for 1st Target is around 19450-19500, and 2nd Target is around 19550-19600. 3) If opens Gap Up around 19600 we will wait for a bearish 15 min candle. After breaking the candle low we will enter the trade fro the Target one is around 1945-19500, 2nd Target is around 19350- 19300. This is my view on FinNifty
NSE:CNXFINANCE
by UnknownTraderIn