Technical TradingIn trading, "technical" refers to the practice of analyzing historical price and volume data to identify patterns and predict future price movements. This approach, called technical analysis, is a way to evaluate securities and forecast their behavior based on charts and statistical data.
NIFTY
Option Chain AnalysisAn option chain is a comprehensive list of all available option contracts for a specific underlying asset, typically a stock, index, or commodity. It's organized by strike price and expiration date, displaying both call and put options. Traders use this information to understand market sentiment, develop trading strategies, and manage risk.
Option TradingIn trading, an option is a contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset (like a stock) at a specified price (the strike price) by a certain date (the expiration date). This right is purchased for a premium, and the holder can choose to exercise the option, sell it before expiration, or let it expire worthless.
Candlesticks Pattern Part 2A bullish candlestick is typically green or white and means the closing price is higher than the opening price, indicating upward momentum. Inversely, a bearish candlestick, generally red or black, signals that the closing price was lower than the opening price, reflecting downward pressure.
Candlesticks PatternCandlestick patterns are a visual representation of price movements over time, used in technical analysis to identify potential trends and market sentiment. They provide insights into the daily price action of a financial asset, including its open, high, low, and closing prices. These patterns can suggest whether the market is likely to continue trending or if a shift in direction is on the horizon.
NIFTY : Trading levels and Plan for 21-Apr-2025📘 NIFTY TRADING PLAN – 21-Apr-2025
📊 Index Spot Close: 23,837.75 | ⏱ Timeframe: 15-Min | 🚪 Gap Opening Threshold: 100+ Points
🔼 Scenario 1: Gap-Up Opening (Above 23,938+)
If Nifty opens 100+ points higher above 23,938, it will be trading close to the last intraday resistance marked at 24,127. The recent rally has been steep, so profit booking or resistance can emerge at higher levels. Momentum continuation can only be expected if there is consolidation or retest above breakout levels.
📌 Plan of Action:
Allow the index to settle for the first 15–30 minutes to avoid opening volatility.
If price sustains above 24,000 and breaks above 24,127, aggressive buying can be considered for upside momentum. However, trail SL tightly as price enters uncharted territory.
Be cautious if price opens directly near or inside the 24,127 zone – wait for a rejection or reversal sign before considering any short.
Any gap-up followed by selling pressure that brings price below 23,938 could be a gap-fill trap – consider shorting if structure confirms breakdown.
Upside targets after 24,127 breach could be 24,200+ intraday; however, don't chase trades blindly above resistance.
💡 Educational Insight:
A gap-up near resistance should not be chased blindly. Market may trap bulls before turning. Look for higher-low formations or a bullish flag near 24,000+ to confirm strength.
⚖️ Scenario 2: Flat Opening (Between 23,738 – 23,938)
This is a balanced opening where price opens within or slightly above the critical support zone of 23,713–23,788. This range serves as the launchpad or failure point based on early moves.
📌 Plan of Action:
Let the 15-min candle close; avoid trades in the first few bars unless a clean structure forms.
If price sustains above 23,788 and starts forming higher highs, then the market may attempt a breakout toward 23,938 → 24,127. Longs can be taken above 23,850 with tight SL below 23,788.
On the downside, if price starts slipping below 23,713, this zone becomes resistance. Shorts can be planned with targets: 23,654 → 23,500.
Price trapped within 23,738–23,850 might trigger sideways action. Avoid trading inside this range unless breakout or breakdown occurs.
Look for volume confirmation and a clear directional bias before taking positions.
💡 Educational Insight:
Flat opens near crucial supports often lead to decisive moves after initial range expansion. React, don’t predict. The first breakout (up/down) often defines the tone of the day.
🔽 Scenario 3: Gap-Down Opening (Below 23,713)
A gap-down below the orange zone (23,713–23,788) is significant and could trigger a pullback towards the green support levels 23,654 and potentially 23,289.
📌 Plan of Action:
Let the market absorb the gap-down in the first 15–30 minutes — don’t enter impulsively.
If price bounces and reclaims 23,713, stay away from shorts. Look for reversal patterns (e.g. double bottom or engulfing) for long trades with SL below day’s low.
If price stays below 23,713 and breaks below 23,654, initiate shorts with targets at 23,500 → 23,289.
Watch for bullish traps — don't short blindly at supports. Wait for confirmation candles and volume on breakdowns.
In case of deep gap-down directly near 23,289, wait for reversal signs to attempt any long, else avoid bottom-fishing.
💡 Educational Insight:
Support breaks on gap-downs can be strong, but bear in mind — market makers often trap panic sellers. Be alert for false breakdowns and quick reversals.
🛡️ Risk Management Tips for Options Traders 💼🔐
✅ Avoid trading in first 15–30 mins — volatility traps are common.
✅ Use ATM or slightly ITM options to avoid excessive time decay.
✅ Set SL based on structure, not emotions — eg. previous candle low/high.
✅ Avoid over-leveraging — 1-2% risk per trade is optimal.
✅ Keep a max 2-trade rule per direction — don’t overtrade.
✅ Track IV (Implied Volatility) — spreads work better in high IV setups.
✅ Record your trades — wins teach less, losses teach more.
✅ Avoid revenge trading — take a break after a loss, regain calm.
🧾 Summary & Conclusion 🧠📊
📍 Gap-Up (Above 23,938): Watch for resistance at 24,127, avoid chasing highs without retest.
📍 Flat Open (23,738–23,938): Watch for structure near 23,788; breakout above = bullish, rejection = bearish.
📍 Gap-Down (Below 23,713): Possible downside toward 23,654 → 23,289. Reclaim of 23,713 invalidates shorts.
📍 Zone to Watch Closely: 23,713–23,788 (critical intraday pivot for both bulls & bears).
🧘♂️ Final Note: Trade less, trade well. Market gives opportunities daily — protect your capital so you’re around to take them.
⚠️ Disclaimer:
I am not a SEBI-registered analyst . This trading plan is meant for educational purposes only . Please consult a financial advisor or conduct your own research before making any trades. Trading involves risk — always use proper risk management.
Technical Analysis Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories.
#Nifty Investors who missed post covid Rally - Time is Now !!!Nifty set for a massive rally as per wave theory.
Chartical representation of my morning market view.
It formed triple correction pattern,
W,XY,Z
As index failed to close above 23800 (Wave X) in last rise started from 21964 levels, wave z is last phase of correction.
Watchout for trend change on daily charts in coming days which would leqd to a strong counter trend rally equal to the intensity of this fall.
🤞🤞🤞
Nifty 50 Index spot 23851.65 by Daily Chart view - Weekly UpdateNifty 50 Index spot 23851.65 by the Daily Chart view - Weekly Update
* Support Zone at 21800 to 21950 Nifty 50 Index Band
* Resistance Zone at 23875 to 23975 Nifty 50 Index Band
* A Bullish Head and Shoulders pattern formation is now been invalidated, as the "Right Shoulder" is closely equal to the "Head" which ideally maybe equal to or +/- "Left Shoulder". This pattern maybe considered as a Bullish Double Bottom
Nifty: Whats in storeNifty
With Trump Tariffs taking a pause for 90 days, we might see some consolidation in the market.
Nifty Options strategy example for learning purpose
Short Strangle for 29 May 2025 series
Selling 24200 Call option currently around 190
&
Selling 23300 Put option currently around 190
can give 380 points to the seller
The strategy would yield max profitable if Nifty closing on 29 May 2025 is any where between 23300 - 24200
On a capital requirement of approx Rs 2 lakhs the strategy provides a max profit potential of approximately 14% in 1 and 1/2 months
Loss in strategy if Nifty closes
below 21920 or
above 24580 on 29 May 2025
Use it for education purpose only to understand
- how the strategy works and
- risk management
Take care and safe trading
Disclaimer
not SEBI registered
I have been wrong in the past and can again be wrong
trading in Futures and Option involves risk. Pls do due diligence
understand the risk involved and see your comfort level
remember it is your money, treat it wisely
consult your financial adviser before taking any decision
Trump Tariff Tantrums and Indian MarketsAs Trump Tariffs continue to shock and guide global assets, Indian equities are also not spared. This video tries to co-relate US yields, Gold, Oil, Indian bond yields, USDINR and Indian equities and make sense of all that is happenning globally and what can be the impact of that in the future for retail investors.
We also visit our Algo on ETFs and see how this has performed in the current turmoil.
Nifty 50 spot 23828.55 by the Daily Chart view - Weekly UpdateNifty 50 spot 23828.55 by the Daily Chart view - Weekly Update
- Volumes attempting to sustain in sync with avg traded quantity
- Sustained Support Zone 22720 to 22850 earlier Resistance Zone for Nifty 23K
- Progressive indicative Resistance Zones seen at 25075 to 25225 > 24375 to 24475 > 23900 to 23975 > 23375 to 23650
Gold Long Term Neowave ForecastHello Everyone
FX:XAUUSD In this we are going to talk about gold in detail
## As long as we are above 2771, gold will bullish till May-June. But to confirm this we will need to wait for 2 or 3 more weeks, so buy in parts.
## Inner stucture is in correction of traditional ABC structure and still in developing phase. But i have remove them so that who dont understand neowave wont be confused.
## Apart from this i am adding Live link for fast updates. so if you have any query. Kindly leave a comment. I will be happy to guide you further more.
Live Link- in.tradingview.com
The 1929 Trade Tariff Vs The 2025 Trade Tariff (DOW JONES)Charts are self explanatory.
This is a simple comparison of the 1929 Dow Jones with the 2025 Dow Jones. As you can observe, there are many similarities.
Big Question: Can the Dow Jones again experience a 90% correction, similar to the one between 1929 and 1932 ?
NOTE: This is just an observation/correlation.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. Please consult your financial advisor before taking any trade.
NIFTY 50 - ICT & SMC Analysis (April 9, 2025)🧠 Big Picture Context (Daily Timeframe)
🔍 Structure:
The daily structure is in a macro bearish trend, confirmed by a Change of Character (ChoCH) from a previous higher high.
A market structure shift (MSS) occurred, indicating strong bearish intent.
A major Order Block (OB) around 24,300 – 24,800 has acted as strong supply.
Recent price action shows a rejection from 23,000+ levels, creating a new bearish leg.
🔄 Key Observations:
A clean Fair Value Gap (FVG) from the recent bearish move lies between 22,900 – 23,100, which price may want to revisit.
Price tapped into liquidity pools below previous lows (Sell-side liquidity swept).
Strong reaction up suggests a potential short-term bullish retracement.
🔄 Medium-Term Outlook (4H Chart)
🔍 Structure:
After the sharp bearish move, price made a strong reaction from the 21,800s, suggesting the presence of demand.
A clean PDL (Previous Day Low) sweep followed by BOS (Break of Structure) confirms short-term bullish market structure.
🔄 Current Price Action:
Price filled part of a green FVG (imbalance) and is now retracing from resistance.
The 22,900–23,000 zone contains:
A bearish OB
FVG
VI (Volume Imbalance)
Previous Weekly High (PWH)
→ This confluence makes it a high-probability reversal zone.
📉 Execution Timeframe (1H Chart)
🔍 Structure:
Price has now formed a BOS upwards after taking out liquidity near 21,800 (PDL).
Rally filled lower imbalance (FVG), creating a strong displacement candle and BOS above PDH.
Now consolidating under a supply zone with signs of weakness near 22,550 – 22,700.
🎯 Trade Idea: Sell on Retracement into Premium
📈 Bias: Bearish from premium supply zone.
🛠️ Trade Setup (1H + 4H Confluence):
Type Level/Zone
Entry 22,900 – 23,000 (Red FVG & OB)
Stop Loss Above 23,100 (above OB & VI)
Target 1 22,250 (PDH/imbalance fill)
Target 2 21,800 (PDL sweep area)
Target 3 21,600–21,500 (daily demand zone)
📊 Risk-Reward (Approx):
Risk: ~150 pts (23,100 – 22,950 entry)
Reward: ~400–1,400 pts depending on target
RRR: Minimum 2.5:1 up to 9:1
💡 ICT/SMC Concepts Applied:
Liquidity Sweep: Sell-side liquidity below PDL taken → large move up.
Fair Value Gaps: Price filled FVG and now sits just below another premium FVG.
Order Blocks: Bearish OB around 22,900–23,100 zone expected to act as supply.
PDH/PDL Reactions: Market respected those areas.
Market Structure Shift (MSS): Bearish momentum continues on higher TFs despite short-term rally.
🧭 What to Watch For:
If price breaks and holds above 23,100, this setup becomes invalid – it signals deeper retracement or reversal.
Watch volume or strong rejection candles in supply zone to enter with confirmation (ideal on 15M/5M for sniper entry).
Any clean FVGs left behind as price retraces could be rebalanced before dropping.
📌 Final Thoughts:
This is a classic SMC + ICT short setup after price retraced into premium zone following a strong move down. The confluence of OB, FVG, VI, and PDH makes this zone a high-probability turning point. Wait for confirmation and execute with proper risk management.
NIFTY Prediction for Tomorrow – April 8, 2025What happened on last day:
As we discussed, NIFTY failed to sustain at higher levels and saw a strong rejection from the upper boundary of the falling channel, resulting in a sharp 4% intraday fall.
If we look at the chart now:
The market has decisively respected the resistance of the descending channel (marked in blue) and faced a strong bearish rejection. Price closed near the lower 22,000 zone.
It has fallen below the 13 EMA and 50 EMA , and is now nearing the support zone of 21,800–21,750 , which had previously acted as a bounce zone.
Price is below the 200 EMA and also below VWAP , confirming bearish bias.
RSI = 41 , now heading toward the oversold territory, showing growing weakness.
Volume spiked on the red candle — this shows strength on the downside move.
Support levels: 21,793, 21,162
Resistance levels: 22,200, 22,600, 23,000
If we look at the OI data:
PCR = 0.6 , clearly indicating a bearish stance.
There’s heavy Call writing at 22,000, 22,200, 22,500 and even at 22,600 levels.
Only visible Put OI is at 21,500 and 21,800 — which implies the support has shifted lower.
With INDIAVIX at 20.9 (+7.2 increase) , volatility has spiked, which aligns with today’s sharp move.
We are in the early phase of the April monthly expiry , so OI is still building up, but early bias is clearly negative.
If we look at the news & sentiment:
Global markets saw mild selling pressure due to rising bond yields and risk-off sentiment.
No major positive trigger from domestic macros.
News sentiment turned mildly cautious to negative with today’s fall and spike in volatility.
I am expecting
The market to remain bearish or sideways in the short term. If 21,800 breaks, we may see a move toward 21,160–21,100 zone. Resistance now lies at 22,200 .
Reasons:
❗Price rejected from upper trendline of falling channel
❗Price < EMA(13, 50, 200) confirms bearish momentum
✅ Volume spike on the red candle shows strong sell-off
❗PCR = 0.6 indicates dominant call writing and weak puts
❗INDIA VIX jumped 7.2 points – fear and volatility increasing
Verdict: Bearish or Sideways
Plan of action:
Sell 22,200 CE and 21,800 PE — for a bearish-biased range play.
Watch for breakdown below 21,800 for trend-following trades.
Market Insights: Will #Nifty's Bottom Be Shaped by Recent News?As they say, history always rhymes. Will this time again be a repeat of history, repeating some pattern in #Nifty charts?
Let's study the past. Back in October 2021, when Nifty made a top around 18600, it went into a price and time-wise correction, taking over 35 weeks to form a major bottom in June 2022. This bottom was formed amid extreme negative sentiments due to the Russia-Ukraine crisis. During this bottom formation, the market broke down below the major consolidation zone of May 2021 to August 2021 and also closed below the weekly clouds. However, just prior to that, the market took support around cloud lows and rallied swiftly by 8-12% in May 2022. After forming the June 2022 bottom, Nifty went on to make a new high in November 2022, which was around 55 weeks from October 2021.
Now, let's see where we are. Nifty made a recent ATH back in September 2024, and since then, this correction is close to 27 weeks old. The market recently took support exactly at weekly cloud lows and rallied swiftly by 8-10%. As of now, it risks breaking down below the weekly cloud and may test or break below the major consolidation zone of December 2023 to June 2024.
The tariff war is an uncertain event in the history of markets, but markets, as they say, are always forward-looking and smarter than what an individual can think. Most of the time, bottoms are formed with extreme negative sentiments. Will this be a repeat of the past, or will this time be different?
Will Nifty attempt a new high or test the old high after about 55 weeks from September 2024, coinciding with Diwali 2025, giving investors a good time around Diwali? Or will this Diwali be different?
Only time can answer this, but I'm sharing these observations from my limited experience.
This post is not a recommendation for any buy or sell but purely an educational post to observe and learn from history.
NIFTY 50 - ICT & SMC Analysis (April 7, 2025) 📊 CHART ANALYSIS SUMMARY (from the 4 charts)
From the charts you've given, I’ve identified a few key things:
- NIFTY is in a bullish short-term market structure , but it’s tapping into premium prices in a possible higher timeframe redistribution zone.
- There's a liquidity sweep and inducement pattern near the highs.
- Some FVGs (Fair Value Gaps) remain unfilled.
- Possible reversal sell setup from a 4H or daily bearish order block that aligns with premium pricing in a range.
🧠 Step-by-Step ICT/SMC Analysis
1. Market Structure & Bias
- 1H to 4H Structure: The market was pushing higher, making HHs (higher highs) and HLs (higher lows).
- However, the latest high was taken with a wick, showing signs of a **buy-side liquidity raid rather than strength.
- After the raid, price left a bearish FVG (Fair Value Gap) — a classic ICT signature for a reversal.
> 🔎 Interpretation:This is typical SMC inducement : retail traders get trapped buying a breakout, while smart money distributes into those buys and prepares to sell.
2. Key Liquidity Levels
- Buy-side Liquidity (BSL): Taken at recent swing high (~NIFTY 22,520 zone)
- Sell-side Liquidity (SSL): Resting below recent lows (~22,300 and then ~22,150)
> 🧠 SMC logic: Liquidity was engineered and taken at the highs. Now, the market may seek the **sell-side liquidity** next.
3. Order Blocks & Imbalances
- ✅ A clear Bearish Order Block formed near the 22,500–22,520 level on 1H/4H — this was the last up-candle before the sell-off (and a liquidity sweep).
- ✅ There's a clean FVG (Fair Value Gap) just under this OB — price wicked back into it but failed to close above.
> 🧠 ICT logic: Price fills the imbalance slightly, taps the OB, then rejects — suggesting smart money is selling from this zone.
4. Potential Trade Setup (Sell)
🎯 Trade Idea: Intraday / Swing Short
| Component | Level / Description
|--------------------|-------------------------------------------------|
| Bias | Bearish (short-term retracement expected) |
| Entry | ~22,500–22,520 (OB + FVG confluence zone) |
| Stop Loss | Above 22,570 (above the liquidity sweep wick) |
| TP1 | 22,300 (low of range, internal liquidity) |
| TP2 | 22,150 (external liquidity sweep zone) |
| TP3 (optional) | 22,000 (discount zone of full move) |
| R:R | Approx. 1:2.5 to 1:3.5 depending on exit |
🧱 Confluence Checklist
| ICT/SMC Element | Confirmed? | Notes
|----------------------------|------------|-----------------------------------------------------------------------|
| Break of Structure | ✅ | Lower high failed to break previous HH with momentum
| Liquidity Sweep | ✅ | Buy-side taken at the top with a wick
| FVG Presence | ✅ | 1H Fair Value Gap post sweep
| Bearish Order Block | ✅ | Confirmed on 1H and 4H
| Displacement | ✅ | Strong sell candle after sweep
| Retracement to OB/FVG | ✅ | Price returns to OB to mitigate orders
| Premium Pricing Zone | ✅ | Above 50% of the full range (using FIB anchoring)
🔄 Scenario Management
- If price rejects OB and sells off, you’re in good hands — standard SMC setup.
- If price closes above 22,570, the OB is invalidated → exit the short.
- If the setup works, scale partial profits at TP1 and trail to TP2/TP3.
📉 It's not a long-term bearish call on NIFTY — it’s a mean-reversion swing targeting liquidity below.
Strange Observation between NIFTY and GOLD...Since August 1, 1991: When ever NIFTY and GOLD return are same NIFTY gives handsome return in coming months.
Good examples of above statement are years 2003, 2009, 2013 and 2020.
Since August 1, 1991: NIFTY has given approx 4200% return and GOLD has given approx 2750% return. Difference in return is approx 1450%.
Going by the above observation either NIFTY has to come down or GOLD has to go up (or both) for NIFTY to give handsome return.
NOTE: This is just a strange observation/correlation.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Nifty 50 Index spot 22904.45 by Daily Chart viewNifty 50 Index spot 22904.45 by Daily Chart view
- Resistance Zone at 23875 to 23975 for Nifty 50 Index Band
- Can we expect the Right Shoulder depth act as a Support base alike of the Left Shoulder depth near 22700 to 22800 ???
- If the Right Shoulder gets sustained, a Support base in sync with the Left Shoulder of the Bullish Head & Shoulder pattern may get activated
- Let us hope for the best to happen expecting some fresh breather over the next week basis the fact that, the Markets are always Supreme to look up to ......