#Finnifty"Good morning! As of June 22nd, there is no significant difference compared to the last session. The global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open slightly gap-down. After that, if it experiences a pullback, we can expect a continuation of the rally with minor corrections. On the other hand, if the initial market declines sharply, the range market will continue."
Finniftytargets
#finnifty"Good morning! As of June 21st, the global market is showing a neutral to slightly negative start with moderately bullish market sentiment. It is possible that the market might open neutrally. After that, if it experiences a pullback, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, the range market will continue."
#finnifty"Good morning! As of June 20th, the global market is showing a negative start with moderately bearish market sentiment. It is possible that the market might open with a gap-down. If it rejects the immediate support zone after the gap-down, we can anticipate a minimum of a 61% to 78% Fib pullback wave. However, if the gap-down sustains, the correction is likely to continue."
#finniftyGood morning! As of June 16th, the global market indicates a positive start with moderately bearish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone (fib level 38%), we can expect a correction. On the other hand, if the gap-up sustains, we can expect a pullback continuation with minor consolidation.
#FinniftyGood morning! As of June 15th, the global market indicates a slightly negative start with moderately bearish market sentiment. It might open with a gap-down. After that, if it rejects the immediate support zone, we can expect a range-bound market. On the other hand, if the gap-down sustains, we can expect a continuation of the correction with minor consolidation.
Finnifty Key Trading Levels for 15th June 2023 Finnifty Key Trading Levels for 15th June 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
#FinniftyGood morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while finnifty has three bending waves (ABC). Therefore, the market might follow the trend of whichever one is dominating. Simply put, if Nifty undergoes a correction after completing the "C" leg, finnifty will turn the range market into a correction without finishing three waves. Conversely, if finnifty dominates the market, Nifty might experience consolidation before a pullback continuation, ranging from 61% to 78%. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction.
Finnifty weekly expiry analysis (13/06/23).Finnifty on the daily time frame has been consolidating and forming confusion candles. It has taken support from the 20 ema and trading around 19400 levels.
Today being weekly expiry nice movement can be seen as the market has consolidated.
On the hourly chart, the market has been trading below the 20 EMA and can give 200 EMA as target. Markets are generally moving in the first hour or after 1 P.M.
On 15 minutes charts, the market has been forming a descending triangle. Its break out can give good movement.
Support :- 19390 ,19325
Resistance :- 19445, 19500
Watch for the daily 20 ema for a support as the market has consolidated and closed near the levels. If the support zone and the moving average is broken good bearish trade can be captured.
Wait for the price action near the price levels before entering the market.
Finnifty Expiry Tradesetup 13th June 2023 Options Trading Levels
Finnifty Expiry Tradesetup 13th June 2023 Options Trading Levels
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
#FinniftyGood morning! As of June 12th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. Structurally, this pullback wave is the 2nd wave, so once it reaches Fibonacci levels of 61% or 78%, we can expect a correction. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction. It should break yesterday's low.
Finnifty weekly Tradesetup for 12th June- 16th June2023Finnifty weekly Tradesetup for 12th June- 16th June2023
Weekly Market Analysis 12th June- 16th June 2023 Nifty50,Banknifty & Finnifty Option Trading Levels
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
Fin Nifty for IntraDayFin Nifty Calculation for Monday 12/06/2023
IntraDay
1)
If Flat Open - we will for wait market to settle down if it breaks friday low
go short till 19300.
Flat Open - we will wait for market to settle down if it breaks 19450 we will go long
till 19600
2)
If open Gap Down around 19300 wait to form a bullish candle in 15 min candle.
After breaking the candle high we go long for 1st Target is around 19450-19500,
and 2nd Target is around 19550-19600.
3)
If opens Gap Up around 19600 we will wait for a bearish 15 min candle.
After breaking the candle low we will enter the trade fro the
Target one is around 1945-19500, 2nd Target is around 19350- 19300.
This is my view on FinNifty
#FinniftyGood morning! As of June 9th, the global market indicates a neutral to slightly positive start, with a bearish market sentiment. It might open with a neutral tone. After that, if it breaks yesterday's low, we can expect a continuation of correction with minor pullbacks. On the other hand, if it initially takes a sharp pullback without breaking yesterday's low, we can expect a range-bound market.
#FinniftyGood morning! As of June 8th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th pullback wave. Once the 5th wave is complete, we can expect a correctional (abc) structure. If you want additional confirmation, then use EMA 20 and fib 38% level. If it breaks EMA 20 and the fib level of 38%, that's a sign of a trend reversal.
Finnifty Confirm Targets for TomorrowSupport Zones for finnifty are as Given Below
S1-19495
S2-19420
S3 -19299
Resistance Zones for finnifty are as Given Below
R1-19420
R2 -19630
R3 -19575
Finnifty Open Interest Analysis to Find Major Support and Resistance as well as Big Playesr Position
PCR ratio as per Option Chain Analysis - 0.87 ( Bearish )
Max Pain As per Option Chain Analysis - 19300
Major Resistance as Per Nifty Open Interest Analysis - 19500
Major Support as Per Nifty Open Interest Analysis - 19500
Call Buying Levels for Finnifty are - 19495 and 19575
Put Buying Levels for Finnifty Expiry are - 19570 and 19620
#FinniftyGood morning! As of June 7th, the global market indicates a neutral to slightly positive start, with moderately bullish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, that's a sign of sub-wave 3rd continuation. If it rejects around the major key resistance zone, we can expect a 4th minor correction and a 5th pullback wave. Alternatively, if it initially declines and breaks the trend reversal zone, we can anticipate a correction continuation.
PostMortem on BankNifty Today & Analysis of 06 JUN 2023 FinniftyIt is happening everyday, even today. Banknifty went up 198pts in 25mts between 14.45 to 15.10, again a closing hour move! The last 1 hour moves in index is not something new now, I am still guessing many traders would have anticipated a directional move today!
If we look the chart, the scope for that move was not there. What happened during the earlier part of the day is continuation of price drop from yesterday 14.00 (The blue drawn highlighted line). We made a low of the day, leg1 at 11.20 today and then bounced to an interim high by 13.45.
Ideally I was expecting the leg2 to happen to take banknifty further lower than 43960 levels. What really happened was vertical shoot, that even helped banknifty close in green today. Again we had a climb back after a support break of 44068.
Were you expecting the last 1 hr move today - do let me know in comments or as email.
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15mts TF has no special bias as of now, the downside is getting prevented while the upside doesnt seem possible with this faint momentum.
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1hr TF bias is still bullish, today's 14.15 green candle stays well lit instantly negating all the price action from 11.15 yesterday.
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Nifty50 requires special mention today, that is because NiftyIT was bleeding 2%, in spite of that the last 30mts of momentum helped it close in green. That is some achievement, instead of other stocks falling along with NiftyIT most of them counter balanced the drop and helped Nifty50 keep its shape. That is not something we see usually.
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Finnifty Expiry
Finnifty has shed 0.6% ~ 117pts between the last expiry and today. This index is consolidating at its high, a brief fall might even give it momentum for further scaling up, but definitely no major moves are expected until the RBI MPC meeting outcome on 8th June
Again an unbelievable price boost from 14.45 on finnifty. All through the day, I was looking for bearish set up once finnifty broke the 19421 SR levels. Waiting for the setup nearly eroded all the PE expiry premiums.
Even from a random betting perspective, I did not have any interest in bullish side setups. I might have taken a trade if the CE premiums were attractive, but that too did not help!
Also the killer move that came late in the day did not move that many needles as well.
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With the news breaking out that NSE will be shifting the banknifty expiries to Fridays will come as a blessing to many option traders. People like me have been praying to have Nifty50 and BankNifty expiries on different days.
Now that prayer is answered, traders can reuse margin & maximize their earning potential. This news also comes as a shock to BSE who had scheduled their SENSEX and BANKEX expiries on Fridays.
Atleast to start with, sensex+bankex will not match the banknifty volumes, open interest or liquidity. As you all know more professional traders prefer banknifty over nifty50, splitting it on separate days will multiply the traded volume as well!
#FinniftyGood morning! As of June 6th, the global market indicates a neutral to slightly negative start with moderately bearish market sentiment. It might open with a neutral tone. After that, if it experiences a sharp pullback, we can expect the sub-wave 5th (impulse) with minor consolidation. Alternatively, if it initially declines, we can anticipate a range market correction.
finnifty Expiry Trading Levels 06 June 2023 Finnifty Confirm Targets For Expiry
Without any Indicator only with Price Action Trading Strategy
Support Zones for finnifty are as Given Below
S1-18445
S2-18345
S3 -18200
Resistance Zones for finnifty are as Given Below
R1-19420
R2 -19299
R3 -19140
Finnifty Open Interest Analysis to Find Major Support and Resistance as well as Big Playesr Position
PCR ratio as per Option Chain Analysis - 0.79 ( Bearish )
Max Pain As per Option Chain Analysis - 19450
Major Resistance as Per Nifty Open Interest Analysis - 19500/19600
Major Support as Per Nifty Open Interest Analysis - 19400 /19300
Call Buying Levels for Finnifty are - 19435 and 19515
Put Buying Levels for Finnifty Expiry are - 19420 and 19620
For Any Stock or Index Chart Analysis on Any Time frame Contact me
#FinniftyGood morning! As of June 5th, structurally, there have been no significant changes. The global market indicates a positive start with bearish market sentiment. It might open with a gap-up. If it sustains, we can expect consolidation for pullback continuation. Alternatively, if it declines initially or rejects around a major key zone, we can expect the market to correct within a range.