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
Finniftytargets
#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."
#Finnifty"Today, May 3rd, the global market is indicating a negative start with moderately bullish market sentiment. It may begin with a gap-down. After that, if the initial market takes a sharp pullback, we can expect a range market to rally consolidation. On the other hand, if the gap-down sustains, we can expect correction with minor pullbacks."
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
#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."
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
#Finnifty"Today, April 28th, the global market is indicating a positive start with moderately bullish market sentiment. It may begin with a gap-up, but if it doesn't sustain, we can expect a correctional wave of at least 23% to 38%. Alternatively, if the gap-up does sustain, we can expect a continuation of the rally with minor consolidation."
#Finnifty"Today, April 26th, the global market is indicating a neutral to slightly negative start, with a moderately bearish market nature. After that, if the initial market takes support around 38%, we can expect a range-bound market with a continuation of the rally. On the other hand, if the market consolidates or breaks below 38%, we can expect a correction."
#Finnifty"Today, April 25th, the global market indicates a slightly positive start, with a moderately bullish market sentiment. The market may open neutral or gap-up. If the gap-up sustains, we can expect a continuation of the pullback. However, if the initial market decline occurs, we can expect a correction."
fin nifty intraday target levelsNSE:CNXFINANCE finnifty has been stuck in sideways structure on smalller time frame but is still in bull run on major time frame, keep close watch on current support resistance zone and watch closely how its reacting to the respective zones beforeplanning to enter trade.
keep booking small targets till finnifty stays in sideways structure.
Finnifty Chart Analysis for 24 April Finnifty Chart Analysis for analyzing key Price levels where the Market has Previously Reacted
Finnifty Next Support Zones for Long Trade
First Support Zone For Finnifty – 18675 – 18685
Second Support Zone For Finnifty – 18555 – 18565
Third Support Zone For Finnifty – 18450 – 18464
Finnifty Next Resistance Zones for Short Trade
First Resistance Zone For Finnifty – 18852 – 18860
Second Resistance Zone For Finnifty – 18955 – 18970
Third Resistance Zone For Finnifty – 19070 – 19080
Importent Signal from finnifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 0.70 ( Bearish )
Max Pain as per Option Chain Analysis – 18750
Major Resistance as Per finnifty Open Interest Analysis – 18900
Major Support as Per finnifty Open Interest Analysis – 18600
#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."
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.
#Finnifty"Trading day, April 17th: The global market is indicating a negative start, but the market nature is bullish. It may start with a gap-down. After that, if the market consolidates, that's a sign of a rally continuation. On the other hand, if the market reaches the previous spike, it may lead to a correction."
#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.
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
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
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.
#Finnifty"Trading day, April 6th: The global market indicates a slightly negative start. The market nature is structurally bullish, and the market may start with a neutral to moderately bearish opening. After that, if the initial market breaks yesterday's high, we can expect rally continuation. On the other hand, if the initial market declines sharply, then we can expect a correction. It should break the Fib level of 38%.