Finnifty #Finnifty - The global market indicates a slightly negative start. The market nature is bearish to neutral. The market may start with neutral, after this breaks the previous day's low, then we will expect correction with minor consolidation. On the other hand, if the initial market takes a sharp pullback, then it will turn to the range-bound market to pullback continuation.
Finniftypredection
Finnifty Confirm Targets For New Year Finnifty Trading with Demand and Supply Zones
Support Zones For Finnifty Intraday Trading
First Support Zone For Finnifty – 18930 -18940
Second Support Zone For Finnifty – 18795 - 18810
Third Support Zone For Finnifty – 18675 -18685
Resistance Zones For Finnifty Intraday Trading
First Resistance Zone For Nifty Financial Services – 19065 - 19075
Second Resistance Zone For Nifty Financial Services – 19190 - 19200
Third Resistance Zone For Nifty Financial Services – 19245 - 19255
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.66 ( Bearsh )
Max Pain as per Option Chain Analysis – 18900
Major Support as Per finnifty Open Interest Analysis – 19000
Major Resistance as Per finnifty Open Interest Analysis – 19200 / 19300
FinniftyThe global market indicates a positive start. market nature is slightly bullish. market may start with a gap-up. After the gap-up market sustains, it will reach major key levels. and also all are major rejection levels, so there market rejects, then it will retrace min 38%. on the other hand, if the initial market rejects sharply, then we will expect a correctional wave(5-wave structure). It should break fib level 38%.
FinniftyThe global market indicates a positive start. Market nature is bullish. Market may start with a gap-up. after the gap-up market breaks the previous day's high, then it will reach 61% fib level. On the other hand, if the initial market declines sharply, we expect a correction that should break the 38% fib level.
Finnifty intraday levels for 27.12.2022Resistance level:19005.05
Support level : 18844.90
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart
If candles are sustaining between resistance and support levels, consider as neutral
If candles are consolidating in buy zone or sell zone, wait for the breakout
If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
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Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
FinniftyThe global market indicates a positive start. Market nature is slightly bullish to neutral. Market may start with a gap-up, if the market rejects sharply around 38 to 50% fib level or the opening candle reject sharply then we will expect correction continuation it will break the previous day's low. On the other hand. If the market sustains above 38% then we will expect a minor pullback to the range-bound market.