Niftyfutures
Analysis For Next WeekAnalysis For Next Week
SGX Nifty is Consolidating From Today's Evening Session
If SGX Nifty Is Breaks @17340 {And} @17430 Then It Will Move Higher If SGX Nifty Breaks @17200 Then It Will Free Fall Upto @16800 Then You Blindly Do Short Sell With Small STOPLOSS
Don't Buy Call Options Sell Call Options And Buy Put Options
SGX Immediate Resistance @17380 And @17430 If SGX Nifty Breaks @17430 Then It Will Upto @17646
SGX Nifty Immediate Support @17290 If SGX Nifty Breaks @17200 Then It Will Fall Upto @16800
If SGX Nifty Breaks Major Support @17200 Then It Will Fall Upto @16800
• DISCLAIMER :-
• Iam Not A SEBI Registered Analyst
• If You Take Any Position Consultant Your Financial Advisor
Nifty's Structure For Final Week of September seriesHello folks, hope you're safe and doing good.
Today I'll be sharing the important levels in nifty futures, which you can trade accordingly.
Currently Nifty futures closed at 17335 odd levels, which is lower than the levels I mentioned in my previous post.
The monthly candle (bearish harami) and weekly candle (a classic shooting star confirmation follow up for previous week) solidifies all the activity that happened last week.
This indicated that bears are officially back in the markets, which was supported by price, volumes, open interest data in both options and Futures, Rise in Vix etc.
1. In the coming week,
--> S1: 17250 (very strong); S2: 17125, S3: 17008
--> R1: 17308 - 17336; R2: 17390; R3: 17430 - 17440 (very strong)
2. 17250 will be acting as a key support area. On 26th Monday, we can expect a gap down. If it opens far below it observe the price action, if it opens near this level there is a higher probability of getting a good small scalp in the reverse direction. This level is also crucial as the 200 EMA on 3hrs is coniciding.
3. As I assume you folks already have a good idea of price action, please take a trade carefully at these levels, as reversals or breakouts are very high at these levels. The direction and the conviction in the trade is very important when you try to scalp at these levels.
Protect your capital, have a predefined SL, and take trade accordingly. Since we are risking our hard earned money, let's try to risk it at the price levels where there is a high probability of winning (or low probability of losing)
Stay safe and good luck for a happy and stress free trading!!
Nifty-21/09/2022-Levels Hello Traders,
Welcome to SriTrader5121
Nifty-21/09/2022-Levels
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@2.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Nifty's Structure For September seriesHello everyone, hope you're safe and doing good.
Today I'm going to share my analysis on Nifty Futures based on price action + Dynamic trend lines, for the coming days in the september series.
Hope it helps in your decision making while trading!
As on Sep 17th 2022, here are the observations, and let's listen to what the market is trying to say:
1. Nifty formed a strong bearish candle (almost a Marubozu candle) on the day chart and confirming the the strong volume candles. It is back into the long term channel which is coming from Oct '2021.
2. It broke the midway of the temporary bullish channel drawn based on the jun-aug 2022 rally in the index. Any break below this is a strong confirmation
that bears are officially back in the market.
3. The price on Sep 16th 2022, closed below the 20 Day EMA and also the 200 Hourly EMA, which are significant moving averages for intraday players.
(Tip: Priority of Moving averages. Weekly >> Daily > Hourly > 15min > 5min. Very important for an intraday option players. Especially option buyers.)
4. The levels of support for nifty Futures is as Follows:
1. 17509, first level of Support.
2. 17430 - 17439, second level of support.
3. 17390, 3rd level of support. Very key support.
4. 17308 - 17336, 4th level of support. Very strong support zone, as it's based on D-chart price action + 50 Day EMA is in that zone.
5. As we all know, volume and price action plays a very important parameters in intraday trading, please bear in mind that
the same above mentioned levels can act as support - when volumes on 5min chart are low; or as a breakdown trades - when volumes exceed 200k on 5min charts.
6. Please check the intraday open interest, US DOW Futures, the India VIX and other parameters, before entering a trade on the above mentioned levels.
As I'm an option scalper, all these levels would be very helpful for scalping.
Stay safe, maintain a calm and composed mindset, follow your discipline and please protect your capital while trading.
NIFTY Weekly levels in Action SEP 19-23 2022
Last Week Weekly levels in action:
drive.google.com
Next week weekly levels
Buy Above 17600.40
Buy Targets 17666.73 17732.70 17786.01 17839.33 17915.24 17961.32 18118.56 18291.15
Sell Below 17519.80
Sell Targets 17453.47 17387.50 17334.19 17280.87 17204.96 17158.88 17001.64 16829.05
If NIFTY goes above 17600 We can BUY with a Stop loss of 17519 or with 17500 PE Hedge or Vice versa for SELL
Keep in MIND the Monthly levels act as good support or resistance (See related idea for reference).
Day Traders can see the support or resistance to the weekly levels for intra-day support/resistance
My Positional Trend Break down point is KEY value for Intraday as well to see the BIAS for the day updated daily
Good Possibility of reversal of TREND on 19 EOD or 20th SEP
PLAN YOUR TRADE (before market opens) and TRADE YOUR PLAN ( No planning /thinking during trade only action).
Not working according to your plan Do NOT Trade.
BANKNIFTY FUTURES 26 AUGUST 2022Guys did you see the magic of zones, even the sharpest fall started from my zone 17727-17689 and ended directly at my zone 17533-17495
Thats the power of zones and levels, kindly take references from zones and levels to initiate the trades and keep Stop loss and profit targets.
nifty tomorrow analysisAll the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
NiftyFuture Key Trading Levels for 16th Aug 2022NiftyFuture Key Trading Levels for 16th Aug 2022.
BankNifty Future Key Trading Levels for 16th Aug 2022
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.