#September25 #nifty levels and direction"Good evening, friends ! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 23% to 38%. On the other hand, if the market opens with a gap-up and sustains it, then we can expect pullback continuation. There is also a regular flat variation, with its minimum target being 19768, and if it breaks, we can expect 19817."
Niftyintradaysetup
Nifty Trade Setup for 22-09-2023Nifty important levels to watch are as follows
#Support: 19720
Sell below: 19720 only on 15 minute candle closure below the level.
Target 1: 19660
Target 2: 19590
#Resistance: 19760
Buy Above: 19760 only on 15 minute candle closure Above the level.
Target 1: 19820
Target 2: 19890
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#nifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
Nifty Trade Setup for 21-09-2023Nifty important levels to watch are as follows
#Support: 19880
Sell below: 19880 only on 15 minute candle closure below the level.
Target 1: 19815
Target 2: 19740
#Resistance: 19920
Buy Above: 19920 only on 15 minute candle closure Above the level.
Target 1: 19970
Target 2: 20040
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NIFTY - Target - Levels - 21.09.2023Nifty Spot : 19901.40. Watch Option Strike : 20000 CE & 20000 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day.
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point
6. Stop Loss Is Must..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. We See 4 Types Of Fibinacci Retracement Levels
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.
7. Market Moves in UpTrend or DownTrend.
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
20 Sep ’23 Post Mortem on Nifty - Finally a reversal dayNifty Analysis
Recap from yesterday: “On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday — I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.”
We opened gap-down and well below 20070 which prompted me to go short. The 2nd 5mts candle showed some strength, but that faded away in the next 3 to 4 candles. Firstly I am not quite sure if the change in sentiment was technical or fundamental in nature. There was news about Canada rescheduling the FTA deal, Travel restriction to India, Expelling the Diplomat, NSA flying to London.
Before today most analysts were bullish in India and almost 95% of them did not have a reversal call. Now that Nifty50 has broken some levels - I assume few of them would have changed the plates.
We just fell 1.15% - it is not a big deal. Ideally we should have fallen more than 2%. Secondly the follow through and avalanche effect was missing - meaning the participants have not panicked yet. Our VIX is still 11.12% - up just 2.7%.
On the 1hr TF - the encircled region is the gap formed between 8th and 11th Sep 2023. And today’s prices just stopped right at the top level i.e 19895. For further down move we need that gap to be taken out on the downside just like how it was taken out on the upside. Only then the bears can bring the panic in the markets. Which translates into a 70pts+ gap down opening tomorrow.
My stance has been changed from neutral to bearish with the first target 19815 and then 19747. If Nifty50 is unable to fall below 19895 in the morning session - I will have to change by stance back to neutral.
#nifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
NIFTY - Target - Levels - 20.09.2023.Nifty Spot : 20133.35. Option Strike : 20150 CE & 20150 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day.
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point
6. Stop Loss Is Must..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
5. Techninal View On Break Even Point.
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.
7. Market Moves in UpTrend or DownTrend.
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
Nifty Trade Setup for 18-09-2023Nifty important levels to watch are as follows
#Support: 20165
Sell below: 20165 only on 15 minute candle closure below the level.
Target 1: 20110
Target 2: 20050
#Resistance: 20225
Buy Above: 20225 only on 15 minute candle closure Above the level.
Target 1: 20260
Target 2: 20310
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#nifty"Good morning! As of September 18th, global market sentiment is slightly turning negative, primarily based on the performance of the Dow Jones. The market trend is moderately bullish; it may open with a slightly negative gap. After that, if it takes support around the immediate support zone, then we can expect the range market to continue rallying. However, if it breaks the immediate support level, the correction is likely to continue."
15 Sep ’23 Post Mortem on Nifty - Crazy last 30mts in HDFC & RILNifty Analysis
Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues and people continue to pour money. Nifty Energy, FMCG, Metals did not close in the green today. ONGC had a super start but gave up all the gains soon. The real question now is - Does Nifty have more firepower to continue the rally?
Two instances of pull back stands out today, first at 12.05 to 12.30 period and then 15.05 to close. The 2nd one looked more dangerous than a casual profit booking. I was watching the price fluctuation in RELIANCE and HDFCBK - the volumes and swings were pretty unusual.
Both of them fell from the high of the day, RELIANCE even hit the low of the day in this period. Brutal swings accompanied by huge volumes - most likely a news flow driven price action.
On the 1hr TF Nifty has gone almost vertical for the last 900pts. Ideally it would be good if it consolidates at these levels. If the consolidation doesn't happen - there is a high risk of fall. For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.
Expiry Special Analysis NIfty |Hero Zero trade will be by 1:15pmGood Morning Traders,
After a day of consolidation, market has gained momentum with the closing above psychological milestone (20000), first time in September. Rally was specially in banking stocks. I think this bullishness can take nifty towards 20200-20450 levels in coming days, if nifty holds 19900-19800 levels. Global market still showing mix momentum, American market has given good closing in yesterday session. Gift Nifty also indicating minor gap up in Nifty around 33 points.
Important levels for NIfty:-
Support zone for intraday 19950
Resistance zone 20110-50
Buy above 20090, if levels sustains at least for 15 mints.
Targets we can see in upside 20143/20191+
Keep stop loss at 20040
Sale below 20040, if levels sustains at least for 15 mints.
Target we can see in downside 19949
Keep stop loss at 20090
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
#nifty"Good morning! As of September 15th, there is no significant difference compared to the last session. Global market sentiment remains neutral, primarily based on the performance of the Dow Jones. The market trend is moderately bullish, with a possibility that it may open with a neutral to slightly bullish gap. If the market subsequently breaks the previous high, we can anticipate a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain, we can expect the market to enter a correction phase."
14 Sep ’23 Post Mortem on Nifty + Weekly Expiry AnalysisNifty Weekly Analysis
Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000.
Nifty Daily Analysis
Recap from yesterday: “I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.” Since we hit a new ATH by 09.40 today and because it was above my bullish level of 20110 I had to go long today. I rolled up my PUT positions from 19900 to 20000 for protection.
I am quite relieved that the 20000 PE expired out of the money otherwise my bullish bias would have been proven wrong. Meanwhile the CE long option was rolled over for the next week’s expiry.
The bullish momentum lasted only till 09.45 after which we were falling quite strongly. All the 5mts candles from 09.50 to 10.15 were in red. The 20000 PE option I had taken did appreciate more than 175% but I somehow decided not to exercise.
We closed at just 0.16% gains, so quite relieved that yesterday's analysis played out okay. Regarding the option prices - the OTM premiums were not attractive for an expiry day options seller. This is the 2nd expiry we had after decoupling banknifty from nifty.
With the current VIX scenario - the only route to make money for OTM option sellers is to shuffle the positions between banknifty or nifty or finnifty depending on the abrupt jumps in premiums due to lack of liquidity. I will try to write out an article by this weekend explaining the concept with examples.
On the 1hr TF Nifty has made a healthy upward pattern and as discussed over the last 2 sessions - a consolidation at the current levels will give it some stability. Parallelly since we took the ATH - a part of it would want to break free as that is the path of least resistance. If you are a bear - the only way you could fight back in is to close Nifty below 19989 or get a quick swing below 19960.
I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
#nifty"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
#nifty"Good morning! As of September 13th, global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
12 Sep ’23 Post Mortem on Nifty - Mid Small Caps bleedingNifty Analysis
Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.”
The opening 45mts saw huge profit taking, few of the candles were deep red sending out a message that it may not just be a profit taking. I usually do not check the midcap and small cap indices as their weightage rarely moves Nifty.
But seeing the aggressive price moves, I did peep into those sub indices and this is what happened.
nifty smallcap down 4.1%
midcap 150 down 2.97%
nifty metal down 2.67%
nifty energy down 2.49%
nifty next50 down 2.3%
nifty auto down 1.86%
nifty commodities down 1.85%
Usually we do not have these high aggressive moves. I even forgot the last time Nifty moved 2% intraday. The puts that I had on Nifty did appreciate in value in the opening 30 to 40mts but the fall got arrested there. So I still have those long PUT positions active for tomorrow.
The options premiums were also a bit off today, the OTMs having an unusual surge in prices - totally irrational. By around 14.45 - the options flow suggesting further downside. Whereas by 15.20, I got conflicting signals from the PE side.
I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow - I wish to go short (bearish).