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Finniftylevels

PostMortem on BankNifty Today & Analysis of 18 APR 2023One thing I noticed this week is the variance in volatility of Nifty50 vs BankNifty. On 99 out of 100 trading days - Banknifty used to have a higher volatility than Nifty & you know what higher volatility brings to the options trading. Yes - option premium anomaly. Probably this variance was there earlier too, since I trade on BankNifty all the time - I rarely check the Nifty50 and FinNifty option premiums. But from the begining of April series - the option premiums were unusually low. I suspected it could be due to the high number of holidays this month. The reality was something different, NSE:BANKNIFTY was trading in a stable manner and the choppiness was visible in Nifty - this uncertainty made Nifty50 more susceptible to unusual option premiums. Banknifty stayed in a range today, the price moves from open to 13.05 was perfectly inline with the trend that was set from the last 3 sessions. Let me zoom out and highlight it. See the blue line, its almost a perfect straight line, the price action after 13.10 caused a blip. A fall of 387pts from the HOD to the LOD.  And why I said bank nifty was showing more signs of stability, this fall got arrested and the final closing was flat with a greenish tint. Whereas NSE:NIFTY showed weakness today also, not because of the IT sector (In fact IT was up 0.59%).  --- 15mts shows no major weakness so far. The chart is still bullish. As long as 41624 is still intact - the chart will not reverse direction. --- 1hr also is looking decently good, Just the 13.15 candle stands out from the trade today. If NSE:NIFTY shows further weakness ahead - I am not quite sure how long NSE:BANKNIFTY can stay in green. --- Just like we started discussing Finnifty Expiry from the last week - lets do it every Tuesdays henceforth. I took the expiry trades today & once the HDFC- NSE:HDFCBANK merger completes - it will be really exciting to trade NSE:CNXFINANCE because the top 4 weightage providing stocks will be the same. So we can take part in 2 expiry days in the same week. This is a blessing for anyone who is actively following the financial sector & banks in India. NSE:CNXFINANCE stayed in the range from the open to 13.25 today. The breakdown from the range came at 13.30, but anyone who looked at the red candles would have taken the trade in the short side. This fall also did not last that long, the LOD was at 13.45 and we closed more or less near the lows. The anomaly came in when the banks were doing good, but the HDFC & BAJFINANCE, BAJFINSV were pulling the index down. Thats why we had a flat day for NSE:BANKNIFTY vs red day for Finnifty. FinNifty support is at 18722 which is where it took support today. Yesterday also the first hourly candle took support at this same level. If this breaks the next support comes at 18458.
NSE:BANKNIFTY
by viswaram
#Finnifty"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."
NSE:CNXFINANCE
by Manickamtraders
FIN NIFTY can start trend reversal very soon @ next selling zoneNSE:CNXFINANCE FIN NIFTY is fast approaching the major selling zone marked in red color with 2 minor support areas marked in blue, if we get a negative daily closing @ the selling zone then only we can start planning for short positions for holding, if fin nifty breaks the first support, then we can wait to see bounce back from seconf support zone and enter in short position at the retest of first support zone from below ,now that support should act as resistance area, if fin again sustains above the support then avoid short till it comes below support again. once we break second support also, then we can expect to see our first target quickly.
NSE:CNXFINANCEShort
by ajinkyadiwakar717
#Finnifty"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it could indicate distribution and a correction may be expected when it rejects the major resistance zone. Conversely, if the initial market declines sharply, a correctional wave is likely, and the market should 38% fib level. If the market breaks 38%, we can expect a minimum of 78% to the extension level of 1.27. On the other hand, if the decline doesn't break 38%, it could be a sign of a range market and a continuation of the rally."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty"Trading day, April 12th: The global market indicates a neutral start with a bullish sentiment. If the initial market takes a sharp pullback, we can expect a rally continuation. and if the pullback takes place slowly and consolidates, that's a sign of distribution, and we can expect a correction when it rejects the major resistance zone. On the other hand, if the initial market declines sharply, we can expect a correctional wave. that should break fib level 38%. and if the market breaks 38%, then we can expect a minimum of 78% to the extension level of 1.27. or if the decline doesn't break 38%, that's a sign of a range market to rally continuation.
NSE:CNXFINANCE
by Manickamtraders
Finnifty trading indicator  Finnifty Support and resistance levels are Price levels on Chart where the buying and selling pressures are Expected to be strong  and it is top Finnifty trading indicator  Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -            18245 - 18255 Second Support Zone For Finnifty –    18160 - 18175 Third Support Zone For Finnifty –       18057 - 18075 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –       18400 - 18380 Second Resistance Zone For Finnifty –   18510 - 18525 Third Resistance Zone For Finnifty –    18640 - 18660 Importent Signal from finnifty Option Chain Analysis  PCR ratio as per Option Chain Analysis – 0.76 ( Bearish ) Max Pain as per Option Chain Analysis –     18400 Major Resistance as Per finnifty Open Interest Analysis –  18600 Major Support as Per finnifty Open Interest Analysis    –    18100
NSE:CNXFINANCE
by manojshinde27
Finance Nifty Daily Levels For Option Day Trading Finnifty Chart Analysis for analyzing historical price movements ,and Identifying key Price levels where the market has Previously Reacted Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -       18400 - 18415 Second Support Zone For Finnifty –   18245 - 18255 Third Support Zone For Finnifty –    18057 - 18075 Finnifty Next Resistance Zones for Short Trade   First Resistance Zone For Finnifty –    18510 - 18525 Second Resistance Zone For Finnifty – 18640 - 18660 Third Resistance Zone For Finnifty –      18800 - 18815
NSE:CNXFINANCE
by manojshinde27
2
FIN NIFTY CAN expiry special targets and levelsNSE:CNXFINANCE finnifty is approaching the crucial daily timeframe trendline from which it has been giving huge corrective falls in pass everytime it touched the trendline, the resistance zone/target which is colliding with the trendline is between 18155/18184 max 18212 level can be touched if lucky if the trendline is broken and finnifty breaks level of 18212, then next upside target can be around 18395. new fresh support zones which have been formed yesterday are between 18007/17981 & 17956/17929.
NSE:CNXFINANCE
by ajinkyadiwakar717
#Finnifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:CNXFINANCE
by Manickamtraders
Finance Nifty Confirm Targets 05 April Finnifty Low Capital Trading Strategy for future and Option Finnifty Next Support Zones for Long Trade  First Support Zone For Finnifty -       18057 - 18075 Second Support Zone For Finnifty –   17955 - 17970 Third Support Zone For Finnifty –    17865 - 17876 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –      18162 - 18175 Second Resistance Zone For Finnifty – 18245 - 18255 Third Resistance Zone For Finnifty –      18356 - 18370 Importent Signal from finnifty Option Chain Analysis  PCR ratio as per Option Chain Analysis – 1.02 ( Bullish ) Max Pain as per Option Chain Analysis –     18150 Major Resistance as Per finnifty Open Interest Analysis –  18200 Major Support as Per finnifty Open Interest Analysis    –    17850
NSE:CNXFINANCE
by manojshinde27
finnifty Confirm Targets 3 April 2023 Finnifty Levels For Intraday Future and Option Trading on Monday Last Trading Day boundary value analysis   , High - 18090  Low - 17906 Finnifty In the Money Call and Put Strike Prices - 178100  PE and 17900 CE Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -       17955 - 17970 Second Support Zone For Finnifty –   17865 - 17875 Third Support Zone For Finnifty –    17000 - 17015 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –      18060 - 18075 Second Resistance Zone For Finnifty –  18135 - 18145 Third Resistance Zone For Finnifty –      18245 - 18255 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis – 1.04 ( Bullish ) Max Pain as per Option Chain Analysis –     18000 Major Resistance as Per finnifty Open Interest Analysis –  18200 Major Support as Per finnifty Open Interest Analysis    –    17700
NSE:CNXFINANCE
by manojshinde27
4
Finnifty Price Action Strategy for Day Trading 31 March Finnifty Support and resistance levels are Price levels on Chart where the buying and selling pressures are Expected to be strong  and it is top Finnifty trading indicator  Active Call Put Live targets For Trading  - 17850 PE  Target - 170  17700 CE - Target - 270 Finnifty Next Support Zones for Long Trade  First Support Zone For Finnifty -       17699 - 17715 Second Support Zone For Finnifty –   17595 - 17575 Third Support Zone For Finnifty –    17430 - 17445 Finnifty Next Resistance Zones for Short Trade  First Resistance Zone For Finnifty –    17835 - 17851 Second Resistance Zone For Finnifty – 17915 - 17930 Third Resistance Zone For Finnifty –      18060 - 18075 Importent Signal from finnifty Option Chain Analysis PCR ratio as per Option Chain Analysis – 1.05 ( Bullish ) Max Pain as per Option Chain Analysis –     17700 Major Resistance as Per finnifty Open Interest Analysis –  18050 Major Support as Per finnifty Open Interest Analysis    –    17600
NSE:CNXFINANCE
by manojshinde27
Finnifty key Price levels where market has Previously Reacted Finnifty Support and resistance levels are Price levels on Chart where the buying and selling pressures are Expected to be strong Finnifty Next Support Zones for Long Trade   First Support Zone For Finnifty -       17575 - 17595 Second Support Zone For Finnifty –   17430 - 17445 Third Support Zone For Finnifty –     17237 - 17256 Finnifty Next Resistance Zones for Short Trade   First Resistance Zone For Finnifty –     17700 - 17715 Second Resistance Zone For Finnifty –  17835 - 17851 Third Resistance Zone For Finnifty –      17915 - 17930 Importent Signal from finnifty Option Chain Analysis  PCR ratio as per Option Chain Analysis – 0.98 ( Bearish ) Max Pain as per Option Chain Analysis –     17650 Major Resistance as Per finnifty Open Interest Analysis –  18050 Major Support as Per finnifty Open Interest Analysis    –    17250
NSE:CNXFINANCE
by manojshinde27