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Finniftytargets

Fin Nifty Mathematical Levels For this ExpiryThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:CNXFINANCE
by YASHSINCE1995
FinNifty monthly expiry analysis for 30/01/24.After the first hour move FinNifty has consolidated and remained in a narrow range. Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today. Major Bullish targets :- 20720, 20925 It has closed around 61.8% level which around the closing of the index. If there is a flat opening and a break out, fresh position either side can be initiated. In case of a gap up there will be another bullish day for it, else there will be a halt candle. Support levels :- 20230, 19950-20010 Wait for market to form a price action and trade accordingly.
NSE:CNXFINANCE
by Mambotrade
FinNifty weekly expiry for 23/01/24FinNifty on the hourly candle is forming a bearish flag pattern and the weekly candle is also showing some negative sentiment. It has taken support from 20 ema on weekly charts and is trading between the daily moving averages. The hourly resistance of 20 ema is also being respected. Bearish setup seems clear in the index. Resistance levels :- 20640, 20920 In case market starts trading above 21630 or there is a gap up above the levels, avoid trading as there can be a volatile weekly expiry again. Bearish trades can be initiated below 20450 levels for targets of 20250 and 20070. Support levels :- 20450, 20250 Tomorrow is the weekly expiry of FinNifty. So trade less qty as markets are volatile. Wait for a price action and trade only confirm setup.
NSE:CNXFINANCE
by Mambotrade
FinNifty weekly expiry intraday levels 16/01/24.Finnifty after a gap up opening has continued the up move in the second half and closed 160 points higher. Hourly close is showing a break out and even the daily candle is showing some bullishness. If there is a gap up opening, initially there will be some profit book and market will test lower level or today's close. After the retest, if there is a bullish price action there are high chances of it closing above the ATH. Major bullish targets :- 21520, 21580-600 It is ATH is around 21630. Tomorrow is its weekly expiry, if it show some consolidation in the first half and starts trading above the level in the second half, there is a high chances of it closing around the day high. Support levels :- 21420, 21350 Wait for a price action if the market test the support levels, as the market is in consolidation and can reverse from the levels. Enter the trade only after a proper setup or price action is created.
NSE:CNXFINANCE
by Mambotrade
#Finnifty directions and levels for JAN 12.Finnifty has been following the banknifty structure. There is a sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 21,424 or 21,470; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. However, if the market sustains or consolidates around there, then the 5th might extend. Bearish aspect: If the gap-up doesn't sustain or if it opens with a gap-down, it may take a range market structure. Alternatively, if it breaks the previous low, then we can expect correction continuation.
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for JAN 11th.#Finnifty Finnifty is following the Banknifty structure. So, here also, if the gap-up sustains, we can expect further pullback continuation. On the other hand, if it rejects around the 21301 (immediate resistance), or if the initial market declines, then it might turn into a range market. Structurally, it might break downside. But we could wait for the proper breakout, either upside or downside, and then we can enter a breakout trade.
NSE:CNXFINANCE
by Manickamtraders
FinNifty weekly expiry intraday levels for 09/01/24.FinNifty has closed 220 point lower before the expiry and it can remain in the bearish mood as the daily close just. It has been respecting a support line and is around the daily 20 ema. Major support levels :- 21230, 21175, 21000-50 Resistance :- 21380, 21450 RSI on the daily charts is showing a bearish divergence and there are chance of a trend expiry tomorrow. All the indices are moving in sychronously and after testing the new ATH it has not retraced. Wait for the break down of the support line and fromation of price action near the levels.
NSE:CNXFINANCE
by Mambotrade
#Finnifty directions and levels for JAN 9th."Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback is likely to continue, reaching levels of 50% and 61%. On the other hand, if it rejects around 38% or the gap-up doesn't sustain, we can expect a correction. Continuation will only occur if it breaks the immediate support level."
NSE:CNXFINANCE
by Manickamtraders
1
#Finnifty directions and levels for JAN 8th"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a 78% minor swing correction. On the other hand, if it experiences a pullback initially, it will likely reach the supply zone to swing high. These are basic range market targets. Range market trades are crucial for option buyers, so take your position if the structure is convenient for you. If there are any changes during the mid-market session, I will provide an update."
NSE:CNXFINANCE
by Manickamtraders
FinNifty weekly expiry levels for 02/01/24.FinNifty has formed a neutral doji and has shown selling in the last hour of the trading session. On last two weekly expiries it hadn't shown some moment. There are chances of market giving some movement tomorrow. Hourly candle has closed below the 20 ema and there was good selling from the day high. Intraday targets for selling :- 21290-320, 21220 Markets are trading at ATH and higher trades can be initiated only if there is a price action or pattern formation. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade
#Finnifty directions and levels for JAN 4th"Finnifty might also open with a gap-up, supported by Giftnifty. If the initial market takes a pullback, there might be consolidation between the 38% level and 21243. In such a scenario, we could wait for a breakout. If it breaks the consolidation pattern, we can consider a breakout entry. However, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction, potentially reaching the demand zone at 21194. Here, the Demand zone is expected to act as solid support. If it indeed acts as support and gets rejected, we might anticipate a minimum 38% pullback wave. On the other hand, if the market breaks or consolidates around the demand zone, then the correction is likely to continue
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for JAN 2nd Regarding Finnifty, there is no significant difference compared to Banknifty. It is going through the 4th correctional wave, with its sub-wave labeled 'C.' Therefore, the C correction might continue in the initial market. Once the 'C' leg finds support around the demand zone, we can expect the 5th impulse wave. This represents the basic structure. However, if it consolidates or decisively breaks the demand zone, then the correction is likely to continue."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for January 1st.Here are the directions for January 1st: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -40. Structurally, Nifty finnifty and BankNifty indicate a range market, so we can expect significant movement after the immediate levels are broken. On the other hand, if they reject around the immediate level, then the range is likely to continue."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for DEC 28th"Good morning, friends. Here are the directions for December 28th: The global market sentiment is bullish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing +80. >The markets are closed at an all-time high. The trend also clearly indicates a bullish tendency, so if the gap-up sustains, we can expect a rally continuation with minor consolidation. The wave structure also indicates a clear bullish trend (minor 3rd wave). >We can expect a correction only if it breaks the Fibonacci level of 38% with the initial market decline. Otherwise, the declines might find support (Fib level 38%) and create a range market for rally continuation."
NSE:CNXFINANCE
by Manickamtraders
#finnifty directions and levels for DEC 26th"Good morning, friends. Here are the directions for December 26th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to a gap-up start, as indicated by Giftnifty showing +45. If the market sustains the gap-up or consolidates, we can expect a range market to pull back for continuation. On the other hand, if the initial market declines sharply or the initial pullback is rejected around the immediate resistance, then we can expect a correction. In my opinion, we are experiencing a range market structure, which is a challenging aspect of trading. Therefore, if we witness a solid structure or minor consolidation, we can consider this for a trend continuation trade."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for DEC 8th"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start. We have an RBI monetary policy announcement tomorrow; the structure is not important here. The market might move based on the event. However, if the market experiences a pullback, it will likely reach the immediate resistance, a crucial zone. After that, if the market breaks it with a solid structure, then we can expect a pullback continuation. On the other hand, if it rejects that level, then the previous range will likely continue. The same applies to a downtrend. If the market finds support around the immediate support level, then the range will continue. However, if it breaks this level, we can expect correction continuation."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty Directions and levels for DEC 7th."Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50. Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction. However, if it finds support around the immediate support level, it might turn into a range market for a pullback continuation. The rally will occur only if it breaks the previous high with a solid structure. Otherwise, it will form a consolidation structure."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty directions and levels for DEC 6th."Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60. Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the other hand, if the gap-up doesn't sustain or if it reaches the immediate resistance with minor consolidation, then it might turn into a correction. However, we should wait for confirmation to use the Fibonacci levels from yesterday's minor low to the upcoming high. If it breaks the 38% level, then we can expect a minimum 78% swing low."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty direction and levels for DEC 5th"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20. Regarding yesterday's structure, despite a significant increase during the last session, the RSI displayed divergence. This signals a slightly negative aspect for the bullish bias. Therefore, if it opens with a gap-down, we might anticipate a 23 to 38% fib correction. If it finds support around that level, the market could shift into a ranging phase before resuming the rally. Structurally, there isn't a major correction anticipated, but sometimes, there might be a time correction. Conversely, if the initial market stages a sharp pullback and breaches the immediate resistance, then we can expect the rally to continue."
NSE:CNXFINANCE
by Manickamtraders
FinNifty intraday levels for weekly expiry.Finance sector has finally made a new ATH and it was totally unexpected as there is a 3% move in both the finance indices. FinNifty has given a nice upside move today. It has travelled more than 1000 points after break out of the recent swing high around 19780. It has closed near to the day high which signifies some positive sentiment in the market. Even the global markets reacted positively and now there can be a halt candle or a slight retracment. If there is another gap up tomorrow, either it will take a halt or there will be a profit booking. Gap down can create panic selling has the index has moved. It has given 6 consecutive green candle and there are chances of market taking a retest near the previous high and giving another move in december series. Major Support levels :- 20670, 20420, 20235 The market is trading around the ATH and there is only round number resistance for the market. Bullish trades can be created in small quantities as the market is stretched and may take a halt. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by Mambotrade