FINNIFTY 04.09.2023 LEVELSPlease See Nifty And Bank NIfty Levels AT Same Time. Then Only You UnderStand The Trend..
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Education Purpose Only.
Finniftytargets
#finnifty"Good morning! As of August 31st, the global market sentiment is neutral (based on the Dow Jones alone). The market trend is bearish, and the market might open with a slight gap-up. after that, if the gap-up doesn't sustain and there's a sharp decline, the correction will likely continue. On the other hand, if the gap-up sustains and breaks the 38% Fib level, the market might turn into a range-bound phase. In that case, we should wait for a range breakout."
#finnifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
29 Aug ’23 Post Mortem on FinNifty + Weekly AnalysisBetween the last expiry and today, FinNifty has moved up 1.4% ~ 272pts in what looked like a show of strength by the bulls. Since this came right from the trend line, the scales are now weighing for a bull run.
We have broken the falling wedge pattern and the support of 19424 looks quite impenetrable. Today was a flat day for FinNifty but the inability to drive down the prices will give some added boost to the bulls by tomorrow & 31st Aug. Already FinNifty and BankNifty have given enough clues to Nifty on a possible trend change from bearish to bullish on the 1hr and 1D time frames. Slowly but surely Nifty should follow the financial sectors to outperform unless the NiftyIT has some stories to tell. I wish to maintain a bullish stance on FinNifty till the support of 19424 holds.
Finnifty monthly expiry analysis for 29/08/23.Finnifty has taking resistance from 20 ema and has close between both the moving averages on the daily charts.
On the hourly charts, market has crossed and sustain above the 20 ema and is still between both the moving averages.
Tomorrow is the monthly expiry and the market has not given any trending market for few session and there are chances of a trending market.
On 15 minute time frame, there is a bullish moving averages cross over and has closed above both the EMAs.
It is taking resistance from 61.8% fib levels. Watch if it a retracement or trend reversal. Decide the trend only when market start trading outside the previous candles either on the upside or down side.
Support :- 19680, 19530-50
Resistance :- 19780, 19830, 19910
The market has been moving in a side ways mode. Option buyer watch for a clear setup trade as time decay will eat the premiums.
Wait for the price action near the levels before entering the market.
#finnifty"Good morning! As of August 28th, the global market sentiment is slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a slight gap-up. Therefore, we can expect a minor pullback afterward. If the market rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain, then the correction will probably persist."
22 Aug ’23 Post Mortem and Expiry Analysis on FinNifty Between the last expiry and today, FinNifty has only given up 110pts ~ 0.56%. This is not at all a bad number if you consider the bearish trend it is in. Just like banknifty, finnifty is also following a falling wedge pattern with the same descending trendline slope. The noticeable point is that the support is at 19424 and technically Finnifty is still in the wedge whereas BankNifty has fallen below the support.
FinNifty weekly expiry analysis for 22/08/23.FinNifty has been trading in a range for last 3-4 session and tomorrow being an expiry there can a trending move.
A morning star pattern is there on the daily charts but the resistance level of 19600 is still being respected. If the market starts trading above the level there will be a nice up move as it has consolidated.
On the hourly charts, market has given a breakout of 20 ema and is retesting the levels.
In the second half of the trading session market remained in a range and lost some gain.
On 15 minutes charts, it has closed below both the moving averages and even the RSI is showing some negativity.
Support :- 19500, 19440, 19320
Resistance :- 19615, 19670
There are resistances in the short range and market has to clear these resistances in order to form a bullish trend. Still the trend is not clear and scalp trades can be done until the market give some confirmation of the trend.
Wait for the price action near the level before entering the market.
#finnifty"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
FinNifty weekly expiry for 14/08/23.FinNifty has closed below the swing low and for consecutive 3 weeks it has given red candle.
The market tried to retrace from the 19730 levels but this time it has closed below it.
On the daily chart, there is a low formation, retest and again it is forming another low. The bearish trend is confirmed and once the index start trading below the previous day low bearish trades can be entered.
It has closed between both the moving averages and the formation of an inverted cup is there which gives more conviction of the move to be a trending move.
On the hourly charts, the market has formed a bearish moving averages cross over and it has closed below both the moving averages. There are chance of market retesting the moving averages. If there is a negative candle formation near the level, enter a bearish trade.
19780-19850 range is a volatile range. It will be wise too avoid trading in this range as there is too much volatility in this range.
Support :- 19620, 19500
Resistance :- 19750, 19835, 19920
Tomorrow is Finnifty expiry and option premium will give good decay. The index on the smaller time frame is forming a lower low lower high pattern which can give confidence in a bearish trade.
Wait for the price action near the levels before entering the market.
Finnifty Key weely Trading Levels 14th Aug-18th Aug 2023Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
#finnifty"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market or a correction. On the other hand, if the market exceeds yesterday's high, we can expect the rally to continue with minor corrections. However, the important thing to note is that today's market has a significant event: the RBI MPC meeting at 10 am. This is a major event, and the market will likely move based on its outcome. So, it's advisable to take your position a bit more cautiously."
08 Aug ’23 Post Mortem on FinNifty - weekly analysis - neutral !FinNifty Weekly Analysis
Between the last expiry and today, CNXFINANCE has fallen 219pts ~ 1.08%. The majority of the fall came on 02 and 03 Aug after which we have seen a recovery of 1.9% from the lows.
FinNifty Today Analysis
If you look at today’s 5mts chart, it was a steady upward moving market with a healthy pullback. Even when the index was falling from 10.55 to 11.30 - there was no visible threat in the short term upward bias. Shortly after this fall we had a rally of 104 pts to hit an intraday high of 20120 by 14.25.
The short term stance continues to be neutral with a slight bullish bias because we just cut through a bearish trend line.
Finnifty Expiry Trade Setup for 08-08-2023FinNifty important intraday levels to watch for 08-08-2023
#Support: 19970
Short if candle closes below 19970
#resistance: 20080
Long if candle closes above 20080
#Targets on downside after break of support.
Target 1= 19920
Target 2= 19850
Target 3= 19745
#Targets on upside after break of resistance.
Target 1= 20135
Target 2= 20230
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Queries will be answered in comment section.
#finnifty"Good morning! As of August 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses yesterday's high, we can expect a continuation of the rally with minor corrections."
FinNifty weekly expiry on 08/08/23.Finnifty on the daily charts has formed a dojo after a gap up opening and has closed below the 20 ema.
DJI has given a bullish candle closing 400 points higher which gives a bullish move prediction in Indian markets too.
On the hourly charts market has consolidated in a range of 100 points, closing between both the moving averages. Consolidation in done and breakout can give nice target. There is a bullish diverge in RSI indicator too.
Even on 15 minute charts, it has closed between both the moving averages.
Support :- 19970, 19870
Resistance :- 20050-90, 20210
The market has consolidated and bullish trades can be initiated once 20090 levels are crossed.
Watch option premium as there will be time decay due to weekly expiry in FinNifty.
Wait for the price action near the levels before entering the markets.
#finnifty"Good morning! As of August 2nd, the global market sentiment is negative (based on Dow Jones only), and the market nature is moderately bearish. Therefore, it might begin with a minor gap-down. Following that, if the market rejects the immediate support, we can expect it to move within a range-bound structure to pullback continuation. This is because there is an ongoing sub-wave two. We can anticipate a correction only if the market breaks the swing bottom."
01 Aug ’23 Post Mortem on FinNifty and weekly analysisFinNifty Analysis
From the last expiry and today, Finnifty has fallen 197pts ~ 0.96%. We did hit an ATH of 20666 on 27th Jul and the same day we fell quite deeply. Today’s close is almost matching the intraday low set on that day.
Today’s Analysis
There was some interesting price action till 12.50 today - the fall was quite decent to watch esp after a gap up open. However the momentum was not in favor and we quickly gained back 82pts ~ 0.41% to finally close flattish. The usual volatility was missing today. Usually the trading in finnifty sucks out the liquidity from nifty and banknifty - but did not see that much activity today. Will wait for final traded contract numbers from exchange to verify this.
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Comment with your thoughts, opinion or bias, I will respond with the levels I am watching for tomorrow !
Finnifty Expiry trade setup 01-08-2023
FinNifty important intraday levels to watch for 31-07-2023
#Support: 20320
Short if candle closes below 20320.
#resistance: 20375
Long if candle closes above 20375.
#Targets on downside after break of support.
Target 1= 20290
Target 2= 20235
#Targets on upside after break of resistance.
Target 1= 20420
Target 2= 20470
Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea.
Queries will be answered in comment section.
#finniftyGood morning! As of August 1st, the global market has a slightly positive sentiment (based on only Dow Jones), and the market nature is moderately bullish. Therefore, it might start with a minor gap-up. After that, if the market rejects the immediate resistance, we can expect a minor correction. On the other hand, if it breaks through, it moves your target to the next resistance level. However, if the market opens gap-down, we can expect a range-bound market. We can anticipate a correction only if it breaks the previous bottom.
#finnifty"Good morning! As of July 31st, there is no significant difference between the last session, but the global market has a neutral sentiment (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down. If the initial market takes sharp declines, we can expect correction continuation with minor pullbacks.
On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
#finnifty"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a gap-up and sustains above the level of fib 38%. If it sustains, our next targets are 61% and 78%. Here, I mentioned a reversal structure (alternate view). If it rejects sharply around the 61% or 78%, we can expect a correction, but use the confirmation signal of (EMA20 and fib level 38%). If it breaks both signals, we can expect a correction. Otherwise, the rally might continue."
#finniftyGood morning! As of July 26th, the global market is starting positively, with GIFT Nifty showing a +12 point increase from the previous session. The market seems to be moving in a range without significant differences compared to before. It's moderately bullish, meaning there's an upward bias. We might see a slight gap-up opening. If the market stays within the range, it's likely to continue going up without a big drop. However, be cautious of a potential correction if it breaks below the immediate support zone
