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Finniftylevels

#Finnifty"Good morning. As of May 10, the global market has shown a slightly neutral to positive start, but it is currently moderately bearish in nature. It may begin with a gap-up, followed by a minor pullback (sub-wave B or 2nd wave) as per the market structure. Once it reaches its fib level, we can expect a correction (sub-wave C or 3rd wave). Alternatively, if the pullback sustains around the fib level of 78%, that's a sign of pullback continuation. On the other hand, if the market declines sharply at the start, we can expect a correction that will reach a minimum of fib level 50% and 61%."
NSE:CNXFINANCE
by Manickamtraders
PostMortem on BankNifty Today & Analysis of 09 MAY 2023 finniftyThe real move came a little late today, from 12.45 to close wherein NSE:BANKNIFTY gave up 403pts ~ 0.93%. I was expecting the fall to come in the morning session - but the finnifty expiry trades would have limited this damage to a great extent. For some reason Axis Bank and IndusInd bank was quite strong today counter balancing the fall in SBI. Remember the Fibonacci discussion we had yesterday - seems like its playing its part, but not until all the strike premiums got eroded on NSE:CNXFINANCE .  The late movements on the index has become a mainstay these days - it is a safe strategy for the big boys not to burn their pockets. So today banknifty has taken out 1 support level at 43253, at 15.10 (5mts TF). All that while the markets were slowly grinding up, I was also quite surprised by the strength showed by the bulls today - with a negative sentiment prevailing they were not giving up. It took 4 red candles from 13.45 to 14.00 just to shake them. --- 15mts TF has not turned bearish yet, we would need a close below 42576 for that. At any point in the next 3 sessions if NSE:BANKNIFTY is able to take out 43700 levels then the chart will look bullish. So if the bears has to do something - now is the time. --- 1hr TF is shown with the FIB levels, today's reversal came at 78.6% retracement level and not at 61.8% (so my first assumption was wrong). Also the strength of the bulls were too strong that my bearish opinions were weakly held. --- Finnifty had a similar pattern to banknifty, but the support provided by HDFC in the early part of the day was quite evident. The FIB levels are exactly same for both the indices - today's reversal came exactly at the resistance zone of 19421. From an expiry stand point, the margin requirements on finnifty options are comparatively lower giving a higher returns for the same risk vs banknifty. Will NSE:CNXFINANCE gain more popularity than banknifty due to this??
NSE:BANKNIFTY
by viswaram
#Finnifty"Good morning. As of May 9th, the global market has shown a slightly neutral to negative start, but the market is currently moderately bullish in nature. We may see a small gap-down at the start; after that, if there is a sharp pullback, the rally will continue. On the other hand, if the gap-down sustains, we could expect a minor correction with a three-wave structure. If the market declines sharply at the start and breaks the fib level of 38%, then we can expect 78% to swing low."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty"Good morning. As of May 8th, the global market has shown a slightly neutral to positive start, but the market nature is bearish. We may see a small gap-up at the start, and if it sustains, we could expect a minor pullback. If it reaches the key zone, we can expect correction continuation. Alternatively, if it sustains around the key zone, that's a sign of a range market or rally continuation. On the other hand, if the market declines sharply at the start, the correction will continue with a minor pullback."
NSE:CNXFINANCE
by Manickamtraders
Finance Nifty Daily Levels Update For Option Day Trading finifty Price Action Trading Strategy with Option Chain Signals for Trading 05 May 2023 FINNIFTY SUPPORT LEVELS FOR TRADING S1 - 19315- 30 S2 - 19245 –55 S3 - 119165-75 FINNIFTY RESISTANCE LEVELS FOR TRADING R1 - 19470 -82 R2 - 19517 -500 R3 - 18617- 600 finnifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis 1.37 ( Bullish ) Max Pain As per Option Chain Analysis - 19200 Major Resistance as Per Nifty Open Interest Analysis- 18500 Major Support as Per Nifty Open Interest Analysis - 18200 Trading Plan for finnifty Call Side / Long Side - Take Long Position / Buy CALL Above 18520 Stoploss - 15 min Candle Closes Below 18500 Trading Plan for finnifty PUT Side /Short Side Take Short Position or Buy Put Below 18470 Stoploss - 15 min Candle Closes Below 18500
NSE:CNXFINANCE
by manojshinde27
#Finnifty"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we could expect a minor pullback. On the other hand, if the market takes a pullback without breaking yesterday's low, that's a sign of rally continuation."
NSE:CNXFINANCE
by Manickamtraders
Finnifty Trading Plan Price levels on Chart where the buying and selling pressures are Expected to be strong Trading Plan for 03 Many 2023 Finnifty Levels R3- 19470-85 R2 - 19320-30 R1- 19165-75 S1- 19033- 43 S2- 18970 –82 S3- 18852- 62 Finnifty Levels for Long Long Above 19330 Long Above 19180 Long Above - 18982 Long Above - 18862 Finnifty Levels for Short Short Below 19320 Short Below 19160 Short Below 18970 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis – 1.02 ( Bullish ) Max Pain as per Option Chain Analysis – 19250 Major Resistance as Per finnifty Open Interest Analysis – 19300 Major Support as Per finnifty Open Interest Analysis – 19000
NSE:CNXFINANCE
by manojshinde27
#Finnifty"Today, May 2nd, the global market is indicating a positive start with a bullish market sentiment. It may begin with a gap-up. After that, if the market sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, the initial market might be rejected, but structurally it shouldn't lead to a big correction. We can expect a minimum correction of 23% to 38%. If it breaks 38%, then we will wait for good confirmation before initiating a short sell."
NSE:CNXFINANCELong
by Manickamtraders
Finnifty Trading Plan Finnifty Trading Levels for future and Option Day Trading Finnifty Next Supp ort Zones for Long Trade  First Support -  19042 Second Support   18933 Third Support   18850 Finnifty Next Resistance Zones for Short Trade  First Resistance - 19175 Second Resistance - 19330 Third Resistance - 19517 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis – 1.29 ( Bullish ) Max Pain as per Option Chain Analysis –  19200 Major Resistance as Per finnifty Open Interest Analysis –  19500 Major Support as Per finnifty Open Interest Analysis    –    19000 Finnifty Trade Exicusion on Monday Take Long Position Above 19175 , Stoploss - 15 min Candle Closes Below 19160 , For Long Trade Target is Next resistance levels R1 , R2 , R3 Take Short Position Below 19160 , Stoploss - 15 min Candle Closes Above 19180 , For Short trade Target is Next Support levels S1 , S2 , S3
NSE:CNXFINANCE
by manojshinde27
#Finnifty"Trading day, April 27th, the global market is indicating a neutral to slightly negative start, with a moderately bullish market sentiment. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. Alternatively, if the initial market consolidates, a diagonal pattern may emerge. However, if the market structurally breaks yesterday's minor low, we can expect a flat correction, which may be complicated in nature. Therefore, if you are a conservative trader, it is advisable to wait for good confirmation."
NSE:CNXFINANCE
by Manickamtraders