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Expiry Day Special Analysis || Hero Zero Trade will be by 1:15pmGood Morning Trader, i hope you all will be doing good in your trading and in your life as well. Expiry comes again, i know most of our followers they just wait for these days. Okay so as today Finance Nifty expiry day, so will analyse this and will see what we can do today. If Finnifty will hold 20500 levels till 1st half and give breakout of downward sloping trendline on chart then the momentum will shift towards upside and may be we can see new highs today one more time. But as of now data showing negativity in it, If Finnifty start trading below 20500 levels, then this will be hazard sign for Finnifty as then we can see more downside if 20500 levels will break. well we will take our hero zero trade according to price action. Important Levels for Finnifty:- Buy above 20573,if levels sustain at least for 30 mints. Targets will be in upside 20655/20750+ Keep Stop loss at 20500 Sale below 20454, if levels sustain at least for 30 mints. Targets will be in downside 20324/20233/20141 Keep Stop loss at 20500 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:CNXFINANCE
by TraderRahulPal
12 Jul '23 Post Mortem on Nifty | Will the bulls be We had 2 downward selling momentum, the first one mainly due to the gap up opening - which saw a loss of 106pts by 12.00 and then the 2nd one between 14.40 to close which erased 99pts. Technically Nifty has fallen only 55pts today, the gap-up messed up the numbers. So we had a dip below the yesterday's swing low and retraced all the way to the close of 10th July. The 19504 level is proving to be quite a resistance, rightly so because its the ATH levels. To break free Nifty needs more momentum & the only way to do that is reverse from a sharp fall. Well it made a try on 11th but failed. The 1hr TF has still not turned bearish, for that to happen we should fall below 19301 within the opening hour tomorrow or close the day below 19338. There will be 3 things to watch out tomorrow. 1. India's MoM CPI comes in higher at 4.81% 2. US CPI comes in lower at 3.0% 3. HDFC gets delisted on 13th July Trades Taken & Rationale I was quite surprised to see the gap up open today and the 19300/19400 CE bullish debit spread was trading profitably. I almost had complete belief that N50 will not fall that much. Even when we hit an intraday low by 12.03 my position was deep in losses & did not square off. You wont believe I got panicked by seeing the 13.35 candle, somehow it did not feel right & eventually I closed the position at loss by around 13.42. The prices were 19300 @149.7 & 19400 @72.25. By around 13.50 I started feeling guilty to have over reacted and thought of entering into another bullish spread in the 20th July series. But seeing the 15.00 and 15.05 candles, my guilt turned into relief. Had I held onto those trades the losses would have been 3 times more.
NSE:NIFTY
by viswaram