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Niftylong

NIFTY Prediction for tomorrow 18 Mar 24As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right now. So, avoid naked call buying. You will end up losing theta. If we look at the OI data: PCR = 0.80, which shows that the market is bullish. 22000 has heavy CE and PE writing. CE writing was significantly more than PE writing, which indicates 22000 will be providing nice resistance for now. Looking at the OI change market, it is sideways. Looking at the FII Data, we can say the market might open a gap-down. I am expecting the market to be sideways for 1 or 2 days. Case 1: Sideways in the range 21950 - 22050. Case 2: Bullish if the trendline breaks to the upside. Reasons: Price < EMA(13, 200) shows market is in bearish trend. Also, EMA(13) << EMA(200), which indicates the market needs some consolidation. RSI = 48, which is 40-60, indicates the market is going to be sideways. VWAP ≡ Price means the price is volume balanced. We can expect a move soon. PCR = 0.80, which shows a bullish sentiment in the market. On the other hand, the 22000 level had massive CE and PE writing. 22000 is going to provide good support and resistance here. Verdict: Sideways and Bullish. Plan of Action: Case 1: Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE) Case 2: Sell 22000 PE (hedge with 20/- PE)
NSE:NIFTY
by finnova_
14 Mar ’24 — Nifty may be forming a lower high, stance neutralNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn’t know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away.” 4mts chart The day did not go as planned, firstly the selling pressure came to a full stop. Secondly, the short covering helped Nifty breach the resistance of 22051. Nifty had a swing range of 287 points today and because it took out a crucial SR, we are switching the stance from bearish to neutral. I was totally not in agreement with the trades on NiftyIT, that sector alone ended up +1.98% today. The impact of Adani stocks was standing out today, a variance of 0.22% with Sensex should prove a point. We are back to the same situation where the weak hands are holding the shorts. The first blink of green they run for cover creating a fake momentum. And then they re-enter the shorts at a lower level losing more points. If you look at the higher time frame, today’s price moves might be between 38.2 to 50% Fibonacci retracement levels and what might have formed could be a lower high. Again we are not quite sure if the technical analysis will work tomorrow as the markets will be keenly watching for the electoral bonds data. We would like to re-enter the bearish position below 22051 and the bullish position above 22295. 63mts chart
NSE:NIFTY
by viswaram
Nifty Analysis for tomorrow Expiry | 14 March 24As we have discussed, NIFTY has been in the uptrending channel. It has been broken to the downside with huge volume power. If we look at the chart now: The market has broken the channel to the downside and is continuing its momentum to the downside. Whereas 21900 is a good support zone that might provide support. If it's broken, the next support point will be 21500. as marked in the chart. If we look at the OI data: PCR = 0.50 shows huge bearishness in the market. 22000 is a max pain point for now. On lower levels, there are not many support levels. On higher levels, there is huge CE writing at 22000, 22100, 22200 ... etc. I am expecting the market to fall more to 21500 levels this week. Reasons: RSI < 40 shows weakness in bulls. price < EMAs shows bearish strengthen market. PCR = 0.50 shows a bearish market. price < VWAP indicates bearish sentiment in the market. Verdict: Bearish Plan of Action: Sell 21900 CE (Hedge it with 15 premium CE).
NSE:NIFTYShort
by finnova_
7
11 Mar ’24 — Nifty above Support, BankNifty just broke oneNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If US markets advance and take out their ATHs by then, we can expect a huge gap up in the next session. In case the Global macros weaken over the weekend — the Bull’s party could be cut short too.” 4mts chart Nifty fell 219pts ~ 0.97% intraday and yet it has not broken the support level of 22295. If we had a close below this SR level, we would have changed the stance back to neutral, as it stands the bullish stance continues. The fall was pretty one-sided and had all the characteristics of a profit-booking. The biggest issue we have is that CE short sellers are “weak” handed and they run for cover pretty soon. And every time that happens, the markets go to a higher level just due to momentum. The best time for bears to push down the prices is now, conditions are favorable and we are heading into elections. But they need to be a bit more strong. On the higher time frame, Nifty has made another higher high and higher low showing the strength of the bullish run. If Nifty50 has to change its character, the price has to fall below 22295 and then below 22051 wherein the higher low will get violated. If 22295 becomes a resistance from there on, then we might even see a triple top formation which should give the Bears an edge. Having said that, the dip buyers are too strong that traders like us feel pissed off. We are witnessing a market that is failing to fall. We all know what would happen if all the participants had a bullish view. Is it not far better if we have a healthy correction and then a new ATH? 63mts chart
NSE:NIFTYLong
by viswaram
1
NIFTY prediction for tomorrow 07 MAR 24As we discussed, NIFTY's sideways behavior touched the fib 0.38 level and came back to trading again at the resistance. If we look at the chart now: The market is trading at the resistance right now. This might force it to consolidate for tomorrow as its expiry for nifty on 7th Mar. market might expire in the marked region. If we look at the OI data: PCR = 1.0 indicates market bullish sentiments. 22500 has huge CE writing, which will provide huge resistance. On the lower side, each level 22400, 22300, and 22200 also has multiple support points. I am expecting a sideways market tomorrow because of trading at resistance and expiry day. Reasons: Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion. RSI > 60 indicates bulls are having strength right now. PCR = 1.34 shows bullishness; also, OI data shows multiple-level support in the option chain. Nifty is trading at a resistance trendline and might get resistance. But as it has been touched multiple times, there is also a probability that it might get broken this time. Verdict: Sideways or Bullish Plan of action: Case 1: Sideways -> IRON CONDOR in range 22450 - 22550. Case 2: Bullish -> Sell 22450 PE (Hedge it with 20rs PE)
NSE:NIFTY
by finnova_
5
04 Mar ’24 N50, Perfect Flat day, straddlers fallen asleep todayNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “The odd man out today was NiftyIT, which did not want to participate in the rally and instead went the other way. It ended the day with a loss of 204 points.” 4mts chart NiftyIT again shows its rebel attitude today, on a flattish day - NiftyIT losses 291 points ~ 0.77%. I am not suggesting that a stronger IT would have helped Nifty50 scale new heights today, just that the negative bias did not fit well with the other counters. Nifty and BankNifty had a perfectly flattish day today - a dream come true for the straddlers. Not conceding ground is still Bullish as the Bears are running out of fuel. Despite FIIs selling today - it really did not make a difference on the main indices. On the higher timeframe, we have formed an island (Mar 2nd + today’s price action). On 2nd March we had the special session on which Nifty hit a new ATH of 22463. We did not take that out today, but the flattish stance bodes well with the Bullish narrative. Our stance continues to be bullish and the first support level would be 22295. It is a shallow support and not quite relevant for a stance change, but the momentum is what really matters. Since we do not have a resistance, the markets could go up to any extent and personally, I am not in favor of shorting even 22700 or 22800 as a single stride could wipe us out. 63mts chart
NSE:NIFTYLong
by viswaram
NIFTY Prediction for tomorrow 5th MarAs we discussed yesterday, NIFTY has been taking resistance at the resistance trendline and resulted sideways. If we look at the chart now: The market is trading at the Resistance trendline. The market has been in a range bound in (22350-22470). Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the market needs some correction or consolidation at this point. If we look at the OI data: PCR = 1.26 indicates the bullish nature of the market. There has been huge activity at 22400. NIFTY has equally distributed PE and CE writing on both sides. But at lower levels, the market has huge support at 22200 and 22000. I am expecting 2 cases in the market, which have been marked in the chart. Case 1: Support is at 22370, and resistance is at trendline. Case 2: retracement till fib 0.38 level. (22220) Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 63 (falling) shows weakness in bulls. PCR = 1.25 shows bullish signal whereas combined week expiry shows PCR = 0.90 weekness in bulls for upcoming week. (sideways) Price <= VWAP shows that the market price is balanced and can go either side. (Indecisive) Verdict: Sideways or Bullish Plan of action: Case 1: Iron condor in range 22300-22450. Case 2 : Sell 22450 CE (Hedge is with 20 rs CE)
NSE:NIFTY
by finnova_
27 Feb ’24 — Nifty fights it out and resolves on the upsideNifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend.” 4mts chart Nifty50 would have given enough choppiness for those bullish today to test your courage. But N50 ended up defending yesterday’s low and resolved on the upside. We started the day gap-down, but we did not have enough momentum to break the swing low. And by the 3rd candle, we went into the green territory. From there we had one more attempt to go underwater i.e. from 11.39 to 12.11 - but this attempt was quickly bought into. Interestingly, N50 took this as the reversal point and then started climbing steadily. On the 4 minutes chart, it formed a nice 2-legged upmove. On the higher time frame, the ATH is the only thing that stands in the way of the Bulls. Whereas, Bears have 2 to 3 tasks to do to get the scale tipped in their favor. They need to take out the 22051 and 21913 support levels, which is only possible if we have a macro level bad news. Banks are the only sector that could give away such an opportunity. Already the FIIs are not so happy with the future prospects of the financial sector in India. A small trigger could set the ball rolling and before long it could become an avalanche. What we can do is wait for more clarity to appear and then play along. As of now, we wish to play bullish on Nifty and neutral on BankNifty. 63mts chart
NSE:NIFTYLong
by viswaram
19 Feb ’24 — A New All-Time Highs - 22186 Nifty50 ⬆️⬆️⬆️Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and we usually fall below the resistance (just like what happened on the last 2 occasions).” 4mts chart The price action today was totally predictable. The break above the resistance of 21913 had an impact on Indian stock markets. Even though SPX & NDQ ended their last session with a loss of 0.48 & 0.9% respectively, it did not stop us from hitting a new all-time high of 22186 today. We even started gap-up followed by sensible price action to close the gap, get the footing, and then rally to new highs. Once we hit the HOD, there was a minor profit booking and we ended the day only with a gain of 81 points. BankNifty did not show its strength today, ICICI Bank looked in top-class form but none of the other major banks supported it. BankNifty as an index is still not bullish, on top of that NiftyIT was in the RED today. That is something that we don't witness every day, N50 hitting new highs without the support from BankNifty and NiftyIT. On the 63 mts time frame, Nifty looks strong and pumped up. We continue to hold on to our bullish stance, if BN or IT index joins N50 - the build-up in momentum will be a treat to watch. Having said that we are not quite sure if we have enough firepower to take out 22500 in this weekly series. 63mts chart
NSE:NIFTYLong
by viswaram
02 Feb ’24 — Nifty50 Breaks out and then Breaks DownNifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Bulls and Bears are reevaluating their army strength and will soon fight it out — we will get a trending move as soon as the balance is tipped. For tomorrow — we wish to start the day with a neutral stance and then re-evaluate based on Nifty’s plans. If we pick a direction, we will definitely update the TV minds section” 4mts chart Nifty does 2 swings today, the first one to cut through the resistance of 21913 and convincingly reach the ATH levels. And the 2nd swing to breach the same support only to close back in the neutral territory. The moment we broke out from the resistance level - we changed our stance from neutral to bullish. And then as the reversal came in, our stop loss was hit and we had to backtrack our stance to neutral again. The morning part - was totally expected, we were in a 40-day range and then a break was due. But the 2nd half of the day - didn't see that coming. Surprisingly we closed the day with a gain of 156 points ~ 0.72% while BankNifty fell 217 points ~ -0.47%. We still believe, BankNifty is the torch bearer and has to align itself in the same direction as Nifty50 for a strong trend momentum. 63mts chart There are at least half a dozen candlestick patterns that could be drawn in this chart. We see a strong double top right at the ATHs and today’s top right at the lower channel line which would have acted as a resistance. The buildup from 24th Jan to today is a Double bottom (W) pattern and a small bullish trendline. All of which leads to confusion on what gets the highest priority. We would like to continue with the neutral stance for Monday with a slight advantage to the bullish side.
NSE:NIFTY
by viswaram
2
Nifty View - 14 December 2023Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade. 21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785. Below 21700, we can see bearishness. The target should be 21689. I'm leaning towards bullishness with the multi-day trend - today is a bit tricky as there is no clear intraday trend. I will manage R to R accordingly. A good entry is between 21710 and 21720.
NSE:NIFTYLong
by pr0p
Nifty Live Intraday Updates for 26-12-23 !!Nifty important levels to watch are as follows 📍 Support: 21325 📊Sell below: 21325 only on 15 minute candle closure below the level. 📉Target 1: 21280 📉Target 2: 21220 📍 Resistance: 21395 📊 Buy Above: 21395 only on 15 minute candle closure Above the level. 📈Target 1: 21440 📈Target 2: 21500 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset
Nifty Live Intraday Updates for 21-12-2023Nifty important levels to watch are as follows 📍 Support: 20980 📊Sell below: 20980 only on 15 minute candle closure below the level. 📉Target 1: 20900 📉Target 2: 20790 📍 Resistance: 21090 📊 Buy Above: 21090 only on 15 minute candle closure Above the level. 📈Target 1: 21160 📈Target 2: 21240 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset
Nifty Live Intraday Updates for 20-12-23Nifty important levels to watch are as follows 📍 Support: 21430 📊Sell below: 21430 only on 15 minute candle closure below the level. 📉Target 1: 21380 📉Target 2: 21300 📍 Resistance: 20505 📊 Buy Above: 20505 only on 15 minute candle closure Above the level. 📈Target 1: 21550 📈Target 2: 21630 ⚡⚡ Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. ⚡⚡Please refer our Indicators published on tradingview if you find it useful give it a like. ⚡⚡ Follow us for more such information, educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset
Nifty Live Intraday Updates for 19-12-23 !!Nifty important levels to watch are as follows #Support: 21360 Sell below: 21360 only on 15 minute candle closure below the level. Target 1: 21280 Target 2: 21150 #Resistance: 21455 Buy Above: 21455 only on 15 minute candle closure Above the level. Target 1: 21500 Target 2: 21570 Target 2: 21700 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset
Nifty Live Intraday Updates For 11-12-23 !Nifty important levels to watch are as follows #Support: 20930 Sell below: 20930 only on 15 minute candle closure below the level. Target 1: 20885 Target 2: 20850 Target 3: 20800 #Resistance: 21010 Buy Above: 21010 only on 15 minute candle closure Above the level. Target 1: 21050 Target 2: 21095 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset
Nifty Live Intraday updates for 24-11-2023Nifty important levels to watch are as follows #Support: 19785 Sell below: 19785 only on 15 minute candle closure below the level. Target 1: 19730 Target 2: 19640 #Resistance: 19835 Buy Above: 19835 only on 15 minute candle closure Above the level. Target 1: 19880 Target 2: 19930 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our Indicators published on tradingview if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #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.
NSE:NIFTY
by InvestyourAsset