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Finniftytargets

18 Jul ’23 Post Mortem on FinNifty + Expiry SpecialWe had a gap up open and the high was formed the first swing i.e. 20476.25 by 09.25, from there the momentum was lost & we started falling. There was a 1.19% fall between 11.15 to 12.20, then a brief recovery and then the selling continued. The options premium was elevated today, usually we do not have high premiums for Finnifty expiry. Most noticeably even the Nifty50 and BankNifty options premiums spiked today. Between the last expiry & today, finnifty gained 1.4% ~ 279pts. Although we did not retest the ATH of 4th July, we came quite close today. The index is not looking weak though and we would require a sharp selling for a change in bullish bias.
NSE:CNXFINANCE
by viswaram
Finnifty expiry special trade setup FinNifty Important intraday levels to watch for 18-07-2023 #Support: 20250 Short if candle closes below 20250 #resistance: 20450 Long if candle closes above 20450 or if 15 minutes candle closes above 20305 with a strict stoploss of 20440 for the target towards the supply zone. #Targets on downside after break of support. Target 1= 20150 Target 2= 20020 Target 3= 20900 #Targets on upside after break of resistance. Target 1= 20530 Target 2= 20586 As this is expiry no one should hold the loosing trade for longer time period and strictly trade with stoploss. 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.
NSE:CNXFINANCE
by InvestyourAsset
#finniftyGood morning! As of July 12th, there is no significant difference compared to the last session. The global market is showing a positive start with moderately bearish market sentiment. It might open with a gap-up. If it sustains, we can expect the continuation of the pullback. after that if it rejects the immediate resistance zone, it will turn into a range market for correction. Conversely, if the initial market experiences a sharp decline, then the correction will continue.
NSE:CNXFINANCE
by Manickamtraders
11 Jul ’23 Post Mortem + Expiry Analysis FinNiftyFinnifty’s fall was more dramatic than banknifty mainly because HDFC’s impact + BAJFINANCE fell close to 1.18% today. Intraday from top to low the fall was 1.28% ~ 258pts. Between the last expiry & today finnifty has fallen 2.02% ~ 411pts. If you remember the last expiry, the PEs and CEs were unusually quoting high premiums — never ever seen levels. Today the premiums were lower and in a tight range. The pattern is looking bearish. We will get more clarity after 13th July once HDFC gets delisted & the merged entity comes into effect. The weight change is something important to look at.
NSE:CNXFINANCEShort
by viswaram
04 Jul ’23 Post Mortem FinNifty ExpiryJust like yesterday, the jump in options premium at CE side was explosive. BAJFINANCE +7.19%, BAJAJFINSV +5.8% was the main reason for the gap-up opening. This screenshot was taken at 10.12 almost near the end of the opening 1hr, Finnifty was around the 20300 level. Its quite understood when the near ATMs has so high premiums — but the far away OTMs is unusual. 21000 CE was trading at 1.35, usually a strike 700pts away on expiry day would have premiums of 40 to 50 paisa around the same time. If you really saw the price action, the real rally came between 11.35 to 13.25 period when the index even went to 20577 levels. This surge was mostly contributed by SBIN & KOTAKBANK along with HDFC twins which were already out-performing. There was a dip of 0.9% between 13.30 to 14.25 — was that profit taking or signs of tiredness? I dont have the answer to that. Between the last expiry & today Finnifty has gained 3.1% ~ 613pts. Its a remarkable achievement even when we had a holiday in between.
NSE:CNXFINANCE
by viswaram
03 Jul '23 Post Mortem on FinNiftyBefore we discuss the daily analysis, let me pull up the huge explosive jump in Finnifty CE prices. Usually I dont bore you with FinNifty chart or number unless its expiry day, but today requires some real attention! This screenshot was taken at 13.09 today, with just 1 more day to expiry the jump in premiums were hugely unusual. Agreed Finnifty was up 1.25% by that time. But the far OTMs premiums jumping 300 to 500% & that too CALLS - unexplainable. Since Finnnifty is not used to trade with so much volatility, most of the positional option traders would have taken a huge hit today. If it were banknifty - we all understand the beast that it is.
NSE:CNXFINANCE
by viswaram
PostMortem on FinNifty Today & Analysis of 27 JUN 2023The trend started in Finnifty which was responsible for the last hour surges in BN and N50. If you look at the Finnifty chart today - it was positive right from the start. From 11.10 to 15.10 we had a decent rise of 1.27% ~ 248pts. Today was the expiry day & till 14.00 we did not see any major impact to the options premium. But right after that the CE premiums were surging & had unbelievable intraday gains percentage wise. 19550 to 19750 CE were all out of money till yesterday's close, but went ITM (in the money) by today. Percentage wise 19700 CE had a gain of 2170%, 19750 gained 1745%, 19650 gained 1536, 19600 gained 897%, 19550 gained 538%. Today would have been a dream day for option buyers. I missed out on the opportunity today mainly because I assumed preponing the expiry day would result in selling and not buying. Hence my PUTS went worthless today!
NSE:CNXFINANCE
by viswaram
#Finnifty"Good morning! As of June 27th, The global market is showing a neutral to a slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders
#Finnifty"Good morning! As of June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders
Finnifty WeeklyKey Trading levels 26th- 30th June 2023Finnifty Weekly analysis Trading Levels 26th June to 30thJune 2023 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
NSE:CNXFINANCE
by sbkurandwad77