Nifty-trading
#banknifty analysis for 3rd May:- #banknifty analysis for 3rd May:-
The fall of 7,303 points from 37,708 to 30,405 and followed by 55% or 3882 point pullback from 30,405 to 34,287, we might have some more steam left to move to 34.5-35K levels, downside till 33,200 to 32,600 is visible.
Decision Zone:- 32,960 - 33,030
Resistance Zone:- 33,195 - 33,247 / 33,644 / 34,057
Support Zone :- 33,605 / 33,247 - 33,195 / 32,926 / 32,605
SL for positional long 32148.40
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#banknifty analysis for 29th April:- Expiry#banknifty analysis for 29th April:- Expiry
Decision Zone:- 33,469 - 33,633
Resistance Zone:- 33,990 / 34,197 / 34,407 / 34,644-34,918
Support Zone :- 33,500 / 33,320 / 33,085 / 32,825 / 32,500
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Nifty 29th April Expiry Strategy and next.With positive global cues and amidst COVID recoveries Nifty has shown positive signs since couple of days. On technical chart of day, we can see how Nifty tested its Regression Trend Can recovered from it with and upward movement. If Nifty manages to sustain above pivot tomorrow it may target R1 as it's resistance and then R2, R3.
With slight probability if Nifty opens up gap down then you can short or buy PE with the help of given support.
This is just my personal study and analysis. Do not trade on the basis of just my study. Do your own research as well.
Nifty: Trade data analysis, Chart set up and co-relationNifty
Derivative data analysis for trade day April 9, 2021
Futures Data
- Retail participants added 10.97K Index Futures Long Contracts & exited 434 Index Futures Short contracts
- FIIs added 990 Index Futures Long Contracts and added 6.56 K Index Futures Short Contracts
- Proprietary traders added 1.47K Index Futures Long contracts and added 5.98K Index Futures Short contracts
Call Option
- Retail participants added 2.71 Lakhs Call Long Contracts & added 2.76 Lakh Call Short contracts
- FIIs added 38.86 K Call Long Contracts and added 37.75 K Call Short Contracts
- Proprietary traders added 1.04 Lakh Call Long contracts and added 1.01 Lakh Call Short contracts
Put Option
- Retail participants added 1.77 Lakhs Put Long Contracts & added 2.12 Lakhs Put Short contracts
- FIIs added 34.04 K Put Long Contracts and added 18.61 K Put Short Contracts
- Proprietary traders added 1.01 Lakh Put Long contracts and added 82.87 K Put Short contracts
At important technical resistance levels, We observe retail traders going Long aggressively and on the other hand FIIs and Proprietary traders going short in index futures.
On the Options front, we observe Retail traders being Net neutral in Call Options and Net Put Short
FIIs & Proprietary traders were Net neutral in Calls and were Net Put buyers
Today, we see Nifty dropping 400 points... and the result is in front of us who the winner of the set up is...
If you have been following me, you would realize I have been highlighting the importance of resistance at 14882. On an intraday basis, it did breach it and traded higher but on a closing basis it was respected to perfection. Our strategy to sell 14900 Call option had factored in this kind of risk and we were well positioned and came out making profits in the trade
Prior to this we also suggested a strategy to go short in 15200 Call option for May series in the region of 250-300.
Our strategy to sell 15200 Call option for May series in the region of 250-300 gave ample opportunity to enter the trade . It has made a low of 143 so far and is now trading at 150 and is in profit
Going forward, On Technical Analysis front
- it has opened below 50 day EMA
- broken the yellow turned dotted red line
- at the important blue Lakshman Rekha line ( level identified since February 2021 and has been massively respected)
- with multiple re-test of Laxmam Rekha line, is it getting weaker and would it break...???
Only time will tell... All these points have been discussed in my previous Nifty posts which you can go through...
This is not a recommendation now. We are reaping the rewards of the hard work done earlier.
This post is more for you to understand
- the importance of doing your homework,
- analyzing profit potential and risk involved before you enter a trade &
- preparing a trading plan that suits you and factors in the risk....
- and more importantly be in control of the situation and be in better frame of mind.
If you want to improve as a trader, first thing you need to do is ensure your mind is relaxed.
And to be relaxed you need to prepare a good trading plan.
Remember, chances of you making a better trading decision would increase when you do your homework and when you have the right mindset.
Best wishes....!!!
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#banknifty analysis for 22nd Mar:-#banknifty analysis for 22nd Mar:-
Decision Zone:- 33,950 -34,075
Resistance:- 34,430 / 34,645 / 35,100
Support:- 33,583 / 33,305 / 32,751
The move from 29,687.8 to 37,708.75 is 8021 point rally,we have retraced 50% (33,698), current low is 33,361.
38.2% retracement was 34,645 which was breached and we touched 50% retracement, now if today's low is broken, we move toward 61.8% retracement which is placed at 32,751 (last hope for bulls), if this support is breached we head towards 100% retracement towards 29,687.
Important pivot level is 34,075 & 38.2% fall is 34,645:- Ideally no longer till we cross 34,650 levels and we get a daily closing above this level.
How to trade? Use buy-in dips till 33,300 holds and below 33,300 you can do blind sell for the target of 31k / 29k. The whole situation stabilizes if the close above 34,650.
On an hourly time frame, 34,430 - 34,645 is a tough resistance area, until it's crossed, we will continue to remain under pressure.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
Perfect Banknifty Intraday Buy/Sell Trade Signals Perfect Tradingview Indicator which provides Automatic Buy sell Signals by calculating multiple inputs like Price,Volume, VWAP, support , Resistance . All-In-one. You can experience ZETA FORCE indicator for your trading intraday in banknifty.
In addition to this automatic support ans resitance lines are drawn so NO NEED to draw it manually as we have very less time during fast trading time.
Just use it ...
NIFTY LONG I hope you can now see how NIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Example presented in these chart is for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Wave-Projetion on NIFTY for "Swing Traders"...!
50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop loss 8700.
Actually I don't prefer to give both side trading levels, but above all levels are my planned to read and I am going to disclose with you. I will update if I take a position at any of the above plans.
Note: minor channel is not varified, its only random prediction.
ESCORTS, predicted fall.The price was giving higher highs with bearish momentum.
finally the price was a doji to indicated the downfall.
the other day broke the initital lower support and closed below it
the next day, the low of the above mentioned candle opened our trade and a sweet fall towards downside is observed.
My PredictiveEngine's Intraday call(13-Jun-18)-BANKINDIA-LongBased on my "xRAM-Creator" predictive trading methodologies, its going to be a GREEN candle on 13-Jun-2018 for BANKINDIA
Buy Above: 101.7 for targets -
T1: 102.5
T2: 102.9
T3: 103.4
SL: 100.9
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
My PredictiveEngine's Intraday call(31-May-18)-SUNTV-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for SUNTV
Sell Below: 933.9 for targets -
T1: 926.9
T2: 922.7
T3: 918.3
SL: 941.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
"Risk comes from not knowing what you're doing"-Warren BuffettHave projected my views on the chart itself...
It is the downtrend in VIX which is helping push / maintain Nifty in the upward direction...
Keep a close eye on Volatility index as it may be an early indicator to signal a reversal in market.
And if VIX starts moving up towards 24 some time later this year (it has tested 24 levels each year in the last 5 years), and barring once during 2014 election time, on 4 other occasions whenever that has happened Nifty has seen a fall of 10-15 % magnitude. You definitely would not want to be a buyer in that market...
Take care and safe trading...!!!
HDFC- Enjoyed the Fall from 1430- 1200- What Next?Important Feature- Use Alarm icon in authors updates of current issue so that you don't miss the important action in the coming days
In the previous update- Likely I was looking for a fall from 1430's to 980-1010 zone- Excited, as I got some chunk of the move, which comes once in the blue moon shown as oval shape. The sharp fall happened between 11th to 15th Nov2016.
What Next
The fall of 1464 looks in a complex correction W-X-Y form. Currently it could be early in the fall of the Y - wave- the current sideways move looks like it wants to puke further, but be careful of corrections as they can consume big time, so likely going below 1200 which is the recent swing low will clear the way that the Bank is weak & can inch closer to our desired zone of the target.
First, it could get support in the zone 1150-1160 zone - later zone 1050-1060 & finally, if it gets extended downside then 1000-1025.
Later I shall come back again.
Other Analysis has been attached in related ideas' section
HDFC- Calling for 980-1010 (Click the charts- Load Right Side Bar- To see how it moved)