SMC Trading with Professionals In conclusion, Smart Money Concepts (SMC) provides traders with a strategic framework that focuses on understanding the actions and motives of market makers, particularly institutions such as banks and hedge funds.
It compares favourably to other strategies, such as swing trading and scalping, although each are much more appropriate in a short term timeframe. If you are looking for the latest and greatest strategy traders are raving about, then SMC might be a great fit for you.
Levels
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken,
you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263).
I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade.
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Advanced Technical TradingWhat Is Price Action?
Price action is the movement of a security's price plotted over time. Price action forms the basis for all technical analyses of a stock, commodity, or other asset charts.
Many short-term traders rely exclusively on price action and the formations and trends extrapolated from it to make trading decisions. Technical analysis as a practice is a derivative of price action since it uses past prices in calculations that can then be used to inform trading decisions.
Key Takeaways
Price action generally refers to the changes of a security's price over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders. This is especially true when analyzing data covering different time periods.
Technical analysis formations and chart patterns are derived from price action.
Technical analysis tools like moving averages are also calculated from price action and projected into the future to inform trades.
Though many use price action to forecast future prices, prior price action does not guarantee future results.
Trading Medicine Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
Is option trading profitable? Options trading is a risky endeavor but can be profitable if done correctly. There is no guarantee that any particular trading strategy will be consistently successful, but a few methods have proven to be effective more often than not.
PCR Part - 1What is PCR in share market? A Put-Call Ratio is a technical indicator used in derivative markets. It gauges market sentiment by comparing the open interest or trading volume of put options to call options. A high ratio generally suggests a bearish outlook, while a low ratio indicates a bullish sentiment.
A PCR value below 1 is indicative of the fact that more Call options are being purchased relative to the Put options which signals that investors are anticipating a bullish outlook for the markets ahead.
NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 24890
SL - 24800
TARGETS - 24950,25020,25100
SELL BELOW - 24800
SL - 24890
TARGETS - 24700,24600,24530
NO TRADE ZONE - 24800 to 24890
Previous Day High - 24890
Previous Day Low - 24600
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
MACD TRADING / Technical AnalysisMoving average convergence/divergence (MACD) is a technical indicator to help investors identify entry points for buying or selling. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
The MACD indicator (or oscillator) is a very popular indicator among traders around the world for identifying trends and reversals. It was invented around 1977 by Gerald Appel, who was looking for a quality indicator that could immediately be interpreted.
DATABASE TRADING WITH OPTION CHAINOption chain data is the complete picture pertaining to option strikes of a particular stock or index in a single frame. In the Option chain frame, the strike price is at the center and all data pertaining to calls and puts on the same strike are presented next to each other.
Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk.
Weekly Market Review & Outlook: Technical Analysis of BTC, GoldA comprehensive review of the past week's market performance, followed by a detailed technical analysis and outlook for Bitcoin, Gold, and major currency pairs. This video uses multi-timeframe support, resistance, and trendline analysis to predict potential price movements for the upcoming week.
BANK NIFTY INTRADAY LEVELS FOR 17/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52220,52400,52600
SELL BELOW - 51660
SL - 51820
TARGETS - 51380,51160,50920
NO TRADE ZONE - 51660 to 51990
Previous Day High - 51990
Previous Day Low - 51660
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 17/10/2024BUY ABOVE - 25020
SL - 24950
TARGETS - 25100,25160,25220
SELL BELOW - 24950
SL - 25020
TARGETS - 24890,24800,24700
NO TRADE ZONE - 24950 to 25020
Previous Day High - 25100
Previous Day Low - 24890
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 16/10/2024BUY ABOVE - 51990
SL - 51820
TARGETS - 52220,52400,52600
SELL BELOW - 51660
SL - 51990
TARGETS - 51380,51160,50920
NO TRADE ZONE - 51660 to 51990
Previous Day High - 51990
Previous Day Low - 51660
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 16/10/2024BUY BELOW - 25100
SL - 25020
TARGETS - 25160,25220,25280
SELL BELOW - 25020
SL - 25100
TARGETS - 24950,24890,24800
NO TRADE ZONE - 25020 to 25100
Previous Day High - 25220
Previous Day Low - 25020
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Beginner to Advanced Trading
Every successful investor has one thing in common, they read as many investment books as they can. Trading in the share market requires a basic knowledge of all the aspects that can influence the prices of shares, and it can be gathered by reading books regularly.
Skills #1 and #2 – Research and Analysis. ...
Skill #3 – Adapting Your Market Analysis to Changing Market Conditions. ...
Skill #4 – Staying in the Game. ...
Skills #5 and #6 – Discipline and Patience. ...
Bonus Skill #7 – Record Keeping. ...
In the End.
BANK NIFTY INTRADAY LEVELS FOR 15TH OCT 2024BUY ABOVE - 51820
SL - 51600
TARGETS - 51990,52120,52260
SELL BELOW - 51600
SL - 51820
TARGETS - 51340,51160,50920
NO TRADE ZONE - 51600 to 51880
Previous Day High - 51880
Previous Day Low - 51160
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 51340
SL - 51160
TARGETS - 51600,51820,51990
SELL BELOW - 50920
SL - 51160
TARGETS - 50600,50300,49930
NO TRADE ZONE - 50920 to 51340
Previous Day High - 51600
Previous Day Low - 50920
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 25060
SL - 24970
TARGETS - 25120,25180,25230
SELL BELOW - 24970
SL - 25060
TARGETS - 24890,24800,24700
NO TRADE ZONE - 24890 to 24970
Previous Day High - 25050
Previous Day Low - 24890
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Bank Nifty Analysis for TomorrowBank Nifty Analysis for 11/10/2024
Market Outlook:
I expect a flat to slightly gap-down opening tomorrow.
Key Levels:
- Crucial Level:
- 51,270
- Support Levels:
- 51,400
- 51,270
- 51,040
- Resistance Levels:
- 51,650
- 51,800
Trading Strategy:
- Long Position:
- If Bank Nifty opens around 51,400, I will take a long trade targeting 51,650 and 51,800.
- If it drops to 51,270, I will average my position for a long trade, targeting 51,400 and 51,650.
- Short Position:
- If Bank Nifty sustains below 51,270 for 15 minutes, it will indicate a clear short trade with targets at 51,040 and 50,800.