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Nifty: Friday - 28/10/22Levels: Support: 17730, 17675, 17650, 17600 Resistance: 17775-17810 (~17800), 17950, 18090 OI Data: Highest OI Call in Nifty per OI data: 17750 Highest OI Put in Nifty per OI data: 17700 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). 3. If Nifty closes above 17825 level (the uptrend line in the chart), 18000+ is surely in card. +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 17800 | 17750 | 17900 | 17950 ----------------------------------------- SELL | < 17680 | 17730 | 17600 | 17550 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
Bank Nifty: Thursday - 27/10/22Levels: Support: 41000, 40810, 40640, 40420 Resistance: 41375, 41630 OI Data: Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). 3. If Nifty closes above 17820 (the uptrend line in the chart), 18000+ is surely in card. +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | > 41200 | 41100 | 41350 | 41450 ----------------------------------------- SELL | < 41000 | 41100 | 40800 | 40650 +++++++++++++++++++++++++++++++++++++++++
NSE:BANKNIFTYLong
by pradipandsuvra
Nifty: Thursday - 27/10/22Levels : Support: 17675, 17600, 17520, 17420 Resistance: 17775-17810, 17950, 17950, 18090 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17850 Nearest Major Support in Nifty per OI data: 17650 Trade setup: 1. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support) 2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance). 3. If Nifty closes above 17820 (the uptrend line in the chart), 18000+ is surely in card. +++++++++++++++++++++++++++++++++++++++++ Trade | Level | SL | T1 | T2 ----------------------------------------- BUY | 17710 | 17660 | 17800 | 17850 ----------------------------------------- SELL | 17640 | 17675 | 17550 | 17500 +++++++++++++++++++++++++++++++++++++++++
NSE:NIFTYLong
by pradipandsuvra
1
Bank Nifty: Tuesday - 25/10/22Levels: Support: 41040, 40810, 40640, 40400 Resistance: 41375, 41630 OI Data: Highest OI Call in Bank Nifty per OI data: 42000 Highest OI Put in Bank Nifty per IO data: 40500 Nearest Major Resistance in Bank Nifty per OI data: 41600 Nearest Major Support in Bank Nifty per IO data: 40900 Trade setup: For gap up: Wait for the V shape (retesting of 41370). If sustains long with a SL of 41300. For flat open, watch around which level it consolidating (notice the support/resistance levels of above). If drifted higher side to long with a SL of just the below level. If drifted lower side, go short with a SL of the just above level. For gap down: Check which level? 41050/41000 level or 40800 level. Wait for the sustaining of these levels. If it holds the level then you can go Long. If it fails to sustain the level, go short. SL can be placed at the "ATR SL" (check Indicator: ATR Stop Loss Finder in TradingView, by user veryfid).
NSE:BANKNIFTY
by pradipandsuvra
Nifty: Tuesday - 25/10/22Levels: Support: 17600, 17520, 17420 Resistance: 17675, 17795, 17950 OI Data: Highest OI Call in Nifty per OI data: 18000 Highest OI Put in Nifty per OI data: 17500 Nearest Major Resistance in Nifty per OI data: 17950 Nearest Major Support in Nifty per OI data: 17550 Trade setup: For gapup, wait for V pattern (retest of 17780/17790). If sustains, Buy with a SL of 17750. Next major resistance only at 17950 level (both in chart and IO data). For flat open, watch 17720 level for at least ~10 mins (3 3m candles or 2 5m candles). If sustains above, go long with SL of 17700, target can be 17650/17675. If fails, go short with a SL of 17625, target of 17575/17550. If fails to sustain, short with a SL of 17750. Next support is 17670/17600 level. For gapdown: 17675 to be tested. Same logic .. if sustains above, long. If fails to sustain, go for short.
NSE:NIFTY
by pradipandsuvra
CONCOR: Confluence of multiple Bullish PatternsNSE:CONCOR looks extremely bullish in weekly timeframe. And note: There is a mulling over Govt for the potential disinvestment of CONCOR to reduce Govt shareholding from 55% to 34% and relinquish the management control to strategic buyer(s). Looks like market is factoring that in. There is a 5 years long monthly trendline shown as the green slanted line Then in weekly it creates a confluence of multiple bullish breakout pattens: W pattern, Cup-and-Handle, Ascending triangle - all points bullishness. COI (Cumulative Open Interest) is showing sufficient long build up in Nov contract. One can put a SL of 690 for a target of 785 and 840 thereadfter. Please note: The bullish buildup seems in the anticipation of the disinvestment.
NSE:CONCORLong
by pradipandsuvra
Anant Raj: Uptrend channelNSE:ANANTRAJ is a perfect Swing Trading opportunity as of now. The chart patten has the following features: It is in an upward trending channel, shown as blue channel in the picture Current price-action is in the upper half of the upward channel. The price-action can be viewed as a Cup and Handle patten also, shown as green color curves with a blue dotted neckline. The neckline corresponds to upper channel. One may argue: It's a Pole and Flag patten. So a potential breakout is possible. Current range: Resistance : 117 Supports : 104, 92. Recommendation : Swing trade inside the channel. The swing ranges are: 92 <-> 104 <-> 117. Breakout above 118. (Check volume also) Breakdown below 92. (Check volume also).
NSE:ANANTRAJ
by pradipandsuvra
GATI: Consolidation with a patten repetition of June'2020NSE:GATI I am seeing few interesting observations: It looks like a fresh EW wave formation started from 20/06/2022, after completion of previous wave since June 2020. Now the current wave-1 replicates the same price-action of June'20 to Dec'20, starting from June'22 to till date. It can be viewed as a Pole-and-Flag also, where the price action moves up and then consolidating. We are actually now a consolidation phase. It can be viewed as a W pattern as well (shown as dotted W with a dotted neckline). Support is at 158 level; Resistance is at 190 level. It's presently neutral, consolidating. So neutral as of now.
G
by pradipandsuvra