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Gapup

15 Jan ’24 — Bullish reinforcements are on the way! Nifty50Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday — we need to look out for bullish opportunities now.” 4mts chart Another gap-up of 131pts ~ 0.6% today! It was required to break the channel resistance line. There was a minor fall, but the 22000 level provided early support and we kept the gap unclosed. Once Nifty50 found its balance, it rallied steadily for the day and closed near the highs. The new ATH is 22111. 63mts chart The break away from the channel is evident in the 63mts chart. See the points Nifty is climbing every time it gets a stance upgrade from neutral to bullish. Remember how things were looking weak on the 8th and 10th of Jan and how Nifty turned from there? For tomorrow, the bullish stance continues and the first support will be the ascending channel top-line ~ 22050 levels.
NSE:NIFTYLong
by viswaram
19th Dec ’23 - Nifty50 adds a NEW ATH to its kitty - 21505Nifty Analysis Recap from yesterday: “I do not wish to change Nifty’s stance — I still prefer to look for long-only trades. However, 21341 would be the laxman rekha for me tomorrow also.” 4mts chart link - click here Nifty does another gap-up today which is sold into falls over 142pts ~ 0.66% to hit an intraday low of 21337 before reversing. Quite interestingly it came to my level of 21341 and I was ready to change my stance - but the reversal came quite fast. Thank God, I didnt pull the trigger. Guess what happened then - we had a healthy rising momentum and we took out the 21500 levels. The new ATH is 21505. After highs were hit - we gave way to profit booking and fell 76pts ~ 0.36% to close the day with just 34pts gains. 63mts chart link - click here Nifty has positively surprised everyone this month. After surging past the 20875 levels - N50 is not willing to take the rest. We broke out from the ascending channel, now it has formed a trend line well above that - how do I explain this craziness to someone? For tomorrow the bullish stance continues and the first support level will be 21407. Meanwhile, the Geo-political developments in the Suez Canal are looking pretty disappointing. It may take a week or two to get the real impact of it. If the ships are rerouting via South Africa - it only means higher supply-chain costs & delays. The first needle to watch maybe will be CrudeOil.
NSE:NIFTYLong
by viswaram
14th Dec ’23 - BankNifty breaksout again and hits ATH Bull-RUNBankNifty Analysis If you read the postmortem report yesterday, you might have seen how the W pattern formed yesterday and BankNifty respecting the ascending trend line turned out. BankNifty had a different start today vs Nifty because we opened 0.95% gap-up and then rallied another 0.8% to hit the all time highs. 4mts chart - click here The 2nd rally was equally intense as the first. And once we hit the ATH - BN turned flat and had a sideways trend till close. Remember we discussed how gap-up and gap-downs are the major weapon used by the big-boys to scare the s**t out of the option sellers? US markets rarely does the gap-ups or gap-downs, I mean the index. Whereas the majority of the gains/loss in our markets are done via gaps. FED’s rate cuts promise in 2024 looks like more of a political play than an economic one. A rallying market and portfolios in green sounds pretty good for the incumbent leaders. Imagine trying to get re-elected when there is economic depression/recession? 63mts chart link - click here The stance on BankNifty has been revised to bullish. I have no targets in mind as we are at the ATH. The first support to look at will be 47588. Meanwhile, the charts look perfectly like in the textbook.
NSE:BANKNIFTYLong
by viswaram
Refex Industries - 25% of Upside!Refex Industries opened up with a gap few sessions back. It has created a wedge then, a gap and then a wedge and now a breakout, Can't be strong technically anymore. The price has a potential to move to the upside of 25% straight. PS - I am founder of Tactic, we get you the Trade Ideas of top SEBI registered users across Intraday, BTST & Positional. We are trusted by 1000 users, we will be glad to have you as a user. Do check us out from my bio. Thanks
NSE:REFEXLong
by parvezdosani
3
bajaj finserv educational post #bajaj finserv chart explained 1) The counter was trading in an uptrend 2)It witnessed a strong gap up opening on 4 july 2023 3) The Gap up was above the previous strong resistance zone as indicated by arrows 4)The retracement after strong move already done 5)5_ today it witnessed a strong upmove along with long build up with 3% rise in OI 6) current month option chain suggest shortcovering in Call side while short build on Put side which is bullish 7)its trading with an upward sloping trendline 8) its strongly following the regression channel trend with 97% precision 9)the counter is 14% away from all time hugh which is most likley to be tested in sessions to come
NSE:BAJAJFINSVLong
by pratik2358
PostMortem on BankNifty Today & Analysis of 27 APR 2023 - expiryMonthly Analysis In this monthly series NSE:BANKNIFTY has moved up 2958pts ~ 7.40%. By any standards that is really superb. It has taken out 7 crucial resistances in the process and is now exactly at the 8th resistance point. This outperformance is cementing India's growth story to the global financial markets. Everywhere else the news of bank collapse, credit issues were making the headlines and here our banks have made credible progress. --- Weekly Analysis Banknifty has gained 691pts ~ 1.64% in this expiry week. 22% of the monthly gains came in its last week. We all know April series was cut short by lot of holidays and this was the first full week we really had. We took out only 1 resistance this week i.e 42576. Banknifty is on the verge to take out the next resistance of 43012 soon. --- Daily Analysis Banknifty opened inline and had a long shadow in its first candle. For a month I thought we might have a red day today. The global hand over was negative - so took the liberty to assume we will also fall today.  Once the opening minutes of volatility was done with, we had a range based trade till 13.15. After that we started picking up the direction. This was where my analysis went wrong. Looking at the options data, I was expecting nifty50 to go up and banknifty to go down. The break direction was not down, but up and we made a nice and strong bullish pattern to end the day. The resistance of 43012 was tested at 15.10, since we ran out of time we did not see a short-covering at this level. Already all the option premiums were near zero. Comparing with Nifty50, banknifty options had some price volatility on the CE side, but again the rally came very late in the day and most of the option traders would have lost patience by then. --- NSE:NIFTY had a steady and upward tilting pattern the entire day and its options data was suggesting the bullish move. Never in the day Nifty50 looked tired or negative - it had more momentum and strength compared to banknifty today. --- Coming to the 15mts of banknifty, the price action formed is bullish with stability. We can think of the range based consolidation over for now. --- 1hr TF is also showing immense upward strength. The bulls have really made the banknifty proud this entire weekly & monthly series. to see all 8 charts discussed today visit viswaram. com
NSE:BANKNIFTY
by viswaram
Banknifty 23-feb-2023 intraday Trade analysisBanknifty - Today is complete downtrend. 5 red candle formed continuously. Tomorrow is expiry it can cont. down initially, profit brooking can come anytime. Flat opening — It may cont. it's fall till 39600-700. so will sell it at open if 1 min-ve candle. But if not wait for some price action. Gap up - wait for price action, profit booking may come. but it is expected in the last 2 hour. But ready for buy on proper price action. Gap down - Due to cont. sell, will wait for W pattern to buy it. 39500 - support.
NSE:BANKNIFTY
by iPrashantStock
Gap Trading Combined With Supply & Demand ZonesWhat Are Gaps? Gaps are nothing but Price of a Stock moving up and down sharply with no or little trading happening between the previous days close and current days open. Gaps show an ultimate picture of imbalance between supply & demand. Gap formations are due to many fundamental and technical reasons. Most common example, when there is an announcement of company earnings. Gap Up or Gap Down is imminent the next trading day due to positive or negative news. A trader can profit from gaps provided he/she can identify the type of gap and its location with perspective to Institutional Supply & Demand Zones. Gap Trading Strategy using Supply and Demand Zones A lot of traders are fearful of Gaps and see it as a threat & aren’t comfortable carrying positions overnight. However, for a professional Supply Demand Trader, these Gaps aren’t threats on the contrary they provide high probability trading opportunities, when combined with Supply & Demand Zones. Four Gap Structures That We Look At: 1. Inside Gaps 2. Outside gaps 3. Novice Gaps 4. Professional Gaps 1.How to Identify & Trade Inside Gaps? Inside gaps are created when Price Opens between the prior Day’s High and low. Often these gaps fill quickly on the same day. Inside gaps can be mainly used for quick intraday trades, provided they happen at strong supply & demand zones. Gap Up into a strong Supply Zone provides a good short opportunity, whereas Gap Down into a strong Demand Zone presents a good long opportunity. Let’s see an example: 2.How to Identify & Trade Outside Gaps? Outside gaps are created when Price opens beyond the Prior days High and low. These gaps generally do not fill on the same day. They indicate the establishment of a new Trend or the continuation of the existing one. One must wait for quality Supply & Demand Zones to form after the gap and wait for a pullback to join the new move. Let’s see an example: 3.How to Identify & Trade Novice Gaps? When price gaps in the same direction of the current trend, then it is called a Novice Gap. Novice gaps as the name suggests are created by novice trader emotions and are excellent opportunities to find high probability trade setups. Gap Up or Gap Down after extended moves into quality areas of Supply & Demand, offer us high probability Short & Long opportunities respectively. Let’s see an example: 4.How to Identify & Trade Professional Gaps? When price gaps up in the Opposite direction of the current trend, it is called a Professional Gap or a Pro gap. Pro gaps represent a significant imbalance between Supply & Demand. Pro Gaps generally occur after extended moves in one direction, taking the amateur traders completely by surprise. They generally bring about trend change. Pro Gap Down & Pro Gap Up form high probability Supply & Demand Zones. Pull back to these zones provide us with opportunities to enter at trend change points. Let us see with an example:
NSE:CUBEducation
by MAKTradingSchool
16
bank nifty analysis for 04 Aug 2022As per my strategy, we have 2 scenarios for bank Nifty for the 4th of august 22. 1st: The market will open with a gap-up of 100 to 180 points with price range of 38137 to 38196. If this happens, we can wait and watch for the 1st 5 mins candles, if we get the bearish candle. It means the profit booking of the market is being initiated so it will be a clear sign for us to book our own profit. 2nd: If the market opens near the previous closing price(up or downside), then we will wait for the market to take support of the 37880 level. If the market takes support to this particular level then we will enter the market by seeing at a very strong bullish confirmation candle and we will go to the upside. My apologies guys, my mindset is totally towards the bullish side tomorrow, because I can see that the global market is strongly positive. @Viraj Tiger
NSE:BANKNIFTYLong
by virajshubhmaan
Banknifty 1.global sentiment Slightly negative 2. war was not end month end expiry (Chart shows a lower lows) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33426.. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 33180 buy and wait for the target Weekly high and low should be mark Total Oi base call side 12,97,719 compare to put side 10,72,171 OI **(monday So call atm to 500 points itm contracts 91,641 oi Put atm to 500 points itm contracts 1,01,626 oi put options purchased itm 34000 strike price 41,036 oi **(tuesday So call atm to 500 points itm contracts 1,07,860 oi Put atm to 500 points itm contracts 1,27,904 oi call options purchased itm 33500strike price 56,607 oi **(wednesday Total Oi base call side 14,13,972 compare to put side 10,18,705OI So call atm to 500 points itm contracts 1,01,806 oi Put atm to 500 points itm contracts 1,26,044 oi options added atm 33300strike price 45,500 Note . this just prediction. market can happen anything
NSE:BANKNIFTY
by tarunkumar1996
Nifty 50global sentiment Are Negative 2. war was not end Expiry day possible for side ways up side break 15862 , downside 15616.50 Observe the trend lines (16000)Fib 50 % reversal level for down side (Chart shows halt and flag pattern ) 1.IF Tomorrow gap up 15 min candle if break the resistance 15856.45 .. if we can see the price action for buying side and exit at the target price no Trail as per your rules 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down wait For close the 5 min or 15 min candle the crossed 15714 buy and target price no Trail as per your rules 15624 Weekly high and low should be mark **(Monday Total Oi base call side 18,46,959 compare to put side 18,11,594 OI So call atm to 500 points itm contracts 1,60,749 oi Put atm to 500 points itm contracts 1,18,821 oi)** put options purchased itm 16000 strike price 53844 oi **(tuesday Total Oi base call side 20,75,492 compare to put side 18,83,476 OI So call atm to 500 points itm contracts 2,39,718 oi Put atm to 500 points itm contracts 1,09,929 oi put options purchased itm 15800 strike price added 34620 oi every 50 points straddles are created **(Wednesday Total Oi base call side 20,17,953 compare to put side 20,13,419 OI So call atm to 500 points itm contracts 2,26,111 oi Put atm to 500 points itm contracts 2,07,464 oi ce fresh oi added contracts 15453 . ce options purchased itm 15700 strike price added 53,782 oi every 50 points straddles are created Option chain shows neutral same call and puts oi Note . this just prediction. market can happen anything
NSE:NIFTYShort
by tarunkumar1996
BankNifty weekly1.global sentiment weekly positive 2. war was not end possible for gap up check the price action in charts buy are sell in 15 min time frame (Chart shows a breakout ) (small Up Trend ) 1.IF Tomorrow gap up 5 min or 15 min candle if break the resistance 33776 .. if we can see the price action for buying side and exit at the target price 34339 2.If Open in flat wait for the trend up side or downside Or it may have side ways then take the trade 3.if gap down cross wait For close the 5 min or 15 min candle the crossed 33389 buy and wait for the target Weekly high and low should be mark when 1st time hit resistance and halt for 1 day or 4 to 5 hour may change the trend .. Monday may gap up it may have chance to up side Possibility my have on up side (up to previous week swing high) Note . this just prediction. market can happen anything I Don't Know how to insert in pic in the text documents Can any one suggest me
NSE:BANKNIFTY
by tarunkumar1996