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Niftyfutures

Nifty 19/05/2021 opening ideasFrom the chart it is visible that the bullish move still has some strength left and today was a profit taking day hence the sudden pause. The ascending channel for Nifty clearly shows a gap up opening of minimum 30 points. Also, the bulls seem to be in control since price tried to break the lower line of the daily channel twice and retracted also indicating somewhat similar to a double bottom pattern. Despite of the direction of the opening, the channel can be used as a support or resistance for the coming sessions.
NSE:NIFTY1!Long
by TanmayBhavar
Nifty Channel BreakoutNifty has been consolidating from February while US market has rallied to record high. Q4 season seems to be decent show and covid wave 2 are showing signs of peaking out. Around 10% population is vaccinated and another 40% vaccination will ensure wave 3 has less effects. Nifty still has lot of upside. Keep the first target as 15850, T2 - 16100, T3 - 16500. Nifty has also bounced after retracing Fibinocci levels. Supporting trend line has been drawn for guidance incase anyone want to trail and close the position before target.
NSE:NIFTYLong
by Arunraj_07
Nifty: Support & Resistance as per 26th May 2021 Option OI DataNifty Support & Resistance as per 26th May 2021 Option OI Data 15400 CE has maximum Lots 14,462 against 15400 PE 3,849 Lots 15400 will act as resistance for tomorrow and a Quasimodo Supply zone is there. ATM 15300 PE has 32,759 Lots against (-)8,283 Lots Call side 15250 PE has 21,575 Lots against Call side (-)7,391 Lots 15200 PE 31,985 Lots against Call side (-)16,987 Lots 15250 and 15200 will act as strong support for tomorrow This is my idea as per today's FnO Bhavcopy option OI data.
NSE:NIFTYK2021
by Soumen106
Nifty Future: Support and Resistance for 24th May 2021Hello Traders! Nifty Future Support and Resistance levels for 24th May,2021 based on Option Open Interest Data. Maximum CE writing as per change in CE Lots are at 15500CE strike, also there is a Supply Quasimodo Power Pattern at that point. So 15500 will be a strong resistance for next week. But market is strong can break the supply and move up side. Note: Like previous day (22-05-2021) if price open Gap Up above any Resistance then that will act as support. & vice versa. Thank you Trade safe and be safe
NSE:NIFTYK2021
by Soumen106
1
NIFTY SUPPORT & RESISTANCE FOR 20TH MAY 2021 AS PER OPTION OINIFTY SUPPORT & RESISTANCE FOR 20TH MAY 2021 AS PER OPTION OI 15100CE (20,300 LOTS ADDITION) & 15100PE HAS NEGATIVE LOTS CHANGE WHICH IS -8,410 LOTS 15200CE HAS 18,104 LOTS ADDITION AND NEGATIVE LOTS CHANGE AT PE 14850PE HAS 7,924 LOTS ADDITION AND IN CE SIDE -618 LOTS WHICH ACT AS MINOR SUPPORT 14800PE HAS 5,468 LOTS ADDITION AND IN CE SIDE -3,570 LOTS CHANGE WHICH WILL ACT AS MINOR SUPPORT AS PER THE PUT AND CALL BUILDUPS SENTIMENT IS BEARISH FOR TOMORROW AS MORE CALL SIDE WRITING CAN BE SEEN. VISIT MY BLOG FOR MORE DETAIL VIEW "niftyoptionoianalysis.blogspot.com"
NSE:NIFTYK2021Short
by Soumen106
3
NIFTY: Trend is in Downtrend After nearly a year long rally (24 march 20 to 16 Feb 2021), Nifty is in a downtrend. It has tried to test the upper band of the channel four times since then. The bottom trend-line however has repeatedly been knocked at. The Red Candlesticks are all over since feb (i.e., Market opens high and closes with more than a 1% drop). March second half was brutal. A retest of 14000, is imminent. Though its just a 5% drop from the current levels, 14000, would be the very key level before which big long side positions should be avoided.
NSE:NIFTYShort
by SWFguy