Nifty Futures Levels 24th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 18288 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
keep following for live market updates.
Futures
Bank Nifty Futures24th May LevelsSpecial markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 43515 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
keep following for live market updates.
Bank Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Bank Nifty Futures 22nd May levelsIncase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Nifty Futures Levels 22nd May 2023Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken and where to be avoided.
keep following for live market updates and do study the previous charts too for an analytic view.
Will be adding various other factors in regular updates for both the indices.
Bank Nifty levels for 19th May 2023 Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Nifty: Levels given works very well yet again!
- Yesterday we had warned that if on Pullbacks Nifty is unable to recapture 18315 odd levels then odds of falling towards 18146 / 18112 would be very high and Nifty could be starring at sub 18000 by month end...
- Nifty opened at 18287 (Resistance 2 given 18286) and immediately started giving up
- Nifty took resistance exactly at the red line and fell from those levels to close the day in red.
- Today was the 3rd day when Nifty opened in the green but gave up immediately. High made for the 3rd day was with in 10 points from the Open levels.
Going forward 18220-18245 should be watched very carefully. If Nifty finds it difficult to cross above these levels and Pullbacks gets sold in to, then sub 18000 would not be far away...
Take care & safe trading..!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Futures Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Banknifty Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 43450---43500 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Nifty Target of 17400 met. View for remaining May monthA few days ago this is what we had posted...
Weekly closing above 18060 and Nifty would make a move towards 18400
Nifty closed that week at 18069 and the rest you can go in the chart above and hit the play button and see for yourself how Nifty moved.
What next ...???
Overall Put Call Ratio 0.82. Market might look to bounce back from Oversold conditions
Open Interest Came down by 4.21%. Market has fallen with reduction in Open Interest. Suggests that Short sellers were happy to book profits at lower levels.
Overall positions of all 3 major participants are still kind of net neutral. For this week 18265-18315 would be very important. Closing the week Below this level, Bulls could get skeptical and Bears might look for opportunity to attack, if they sniff Bulls are not adding fresh positions but are instead looking to Book profits .
If Pull Back fails to re-capture above 18315-18330 odd levels then we might see a small Bear attack attempt with Bears staring at sub 18000 odd levels by month end.
Important levels which may act as Resistance and Support for the day
Imp levels on the upside 18246 / 18286 / 18324
Imp levels on the downside 18146 / 18112 / 18076
Take care & safe trading...!!!
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Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Nifty Future Levels 17th May 2023Clearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how Nifty futures performs.
best of learning.
Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
Nifty: Karnataka Election results and 11 May 2023 Expiry viewNifty
- Important levels on Nifty spot for 09 May 2023
Imp levels on the upside 18343 / 18368 / 18401
Imp levels on the downside 18235 / 18208 / 18178
- Nifty rose 50 points with 0.25% rise in Open Interest. Before the Karnataka Election outcome, No signs of panic.
- Just before the Karnataka Election outcome, All 3 F&O major participants have a Net Neutral kind of position in Index Futures as well as Options overall.
Looks like Market participants would make a directional view after result outcome. Lets see whether Markets does any Natak (drama) after Karnatak Election outcome
- Prima facie, on charts, Nifty trying to respect 18196-18235 Gap zone. Till the time above it, Bulls are in control. Bears might get active only if they sense this level is going to give up.
Take care & safe trading...!!!
Polycab - At crucial levelThe stock has reached the breakout level according to the setup shown on the chart. May test 3250-3260 once. If does not sustain above, may come down to 2970/2850. All levels are indicated on the charts.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Nifty moving on predicted lines... Would it continue???
Yesterday had given the level of 18065 odd levels as trend decider.
Nifty made a low of 18066 and started it's one sided recovery slowly and steadily moving exactly on predicted lines.
Important levels going forward
18180-18160 / 18120-18105 to be an important support level
18400 upside resistance zone
Take care & safe trading...!!!
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Nifty: With FED Meeting done & dusted what to expect from Nifty?18030-18065 would play a crucial role
Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065
giving a Risk:: Reward ratio of 1::2
A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels.
Sustaining 17960 and managing to give a Weekly close Above 18065 In that case Long can be initiated for target of 18400 in coming days with a SL at 17960 giving a Risk::Reward ratio of 1::3.3
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Take care and safe trading..!!!
Indiamart - Ready to fly?The stock just crossed the one-year-old resistance after long efforts. If sustains above breakout levels, may go upside o 6250/7450. All levels are clearly shown on the charts.
Only for learning and sharing purposes, not a bit of trading advice.
Please comment with your views about the idea.
All the best.
Nifty: May series OverviewNifty
- Just before the FED meeting the mood is upbeat amongst World market
For the May series important level to watch out for on Nifty 18400-18600 on the upside and 17750-17900 on the lower side.
- Option IVs are very very low. A wild swing on the Index can reward Option buyers and chop Option sellers.
Take care & safe trading...!!!
Nifty: Important levels for trade day 24 April 2023All levels are given in the chart itself
Watch out for Nifty behavior in the zone of 17580-17644 zone for that may give an early cue as to where Nifty may head in to expiry week.
A movement of 250-280 points may be on the cards.
Take care & safe trading..!!!
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
ABB - Downtrend Possibility The stock is in bullish mode for the last five sessions and ran more than 300 points.
If reverses from cmp or after reaching 3500, may go in a downtrend.
The downward targets maybe 3230/2950/2800.
All levels and points are marked on the charts.
If sustains above 3500, the setup fails.
Only for learning and sharing purposes, not any kind of trading advice in any form.
Anytime we must not feel stuck in a trade. Step out from the trade
as it hits our risk management.
All the best.
Bajaj Finance - At SupportThe chart clearly indicates the support level is around 5650. Also, Bollinger Band Shows a likely reversal for the price. If sustains above 5650, may go to 6050, or 6350, and more upside may be seen.
One should keep risk management in control every time, in every format.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
Nifty Futures AVWAP Chart AnalysisAttached: Nifty Futures Daily Chart as of 24th April 2023
SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs)
Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)
Bata has to take a decisionThe stock is coming to a long-term support level. Now 1360 is the key level. Sustaining above 1360 will make the stock bullish while trading below 1360 will show weakness on the charts.
If goes bullish from today's price, then it will be a good risk-reward for a long setup.
Only for learning and sharing purposes, not a piece of trading advice in any form.
All the best.