Niftynse
Nifty daily analysis for 08/11/23.Nifty has been forming gaps as there are gap up for last 2-3 trading sessions and is trading above both the daily moving averages.
On the hourly charts, the market seems to be consolidating in a range for last 2 days.
A break out can give a nice rally and nifty has more chances than the expiry index tomorrow.
Support :- 19330, 19270
Resistance ;- 19430, 19510
Wait for the market to give a break out or break down and watch for the price action near the level before entering the market.
NIFTY - Target Levels - 25.10.23Its Helpful & Useful For Newers & Beginners Of Trading...
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Nifty Spot Price : 19281.8 - India Vix Spot : 10.91% -
Nifty Daily Range : 19149 To - 19414-
Watch Option Strike : If Above Break Even Point Buy : 19250 CE
Watch Option Strike : If Below Break Even Point Buy : 19350 PE
Split The Chart In Your Mobile. Then View The Market Moves & Target Points At Same Time.
Top Nifty & Bottom Bank Nifty.
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
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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..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
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.. & Prediction Of Entry, Targets, & Stop Loss..
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..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
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Nifty weekly analysis for 23/10/23Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts.
The market has been volatile and still confused in deciding the trend.
It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening.
Market has been consolidating in a range from 21 september and the month of october has entered the last week of the month.
High chance of a break out or break down are there. It can give nice targets with a small Stop loss in a trade.
On the hourly chart, there is a bearish moving averages cross over and it remained in the first hour candle after a gap down opening.
Still the markets are hitting the stop losses and are not profitable for an intraday option buyers.
Sideway cycle of the market will be changed once it starts trading outside the major levels of 19500 to 19850. Once this range is cleared on the either side there will be a trending market.
On the smaller time frame, market hasn't moved much while taking resistnace from the 20 ema and closed below both the moving averages (15 minute chart).
Support :- 19480-500, 19350
Resistance :- 19580, 19680
Market has been consolidating after a gap up or gap down opening and there will be a movement once it opens flat.
Wait for the price action near the levels before entering the market.
Monthly perspective - Tight Price ChannelPrice Range: 19200 to 19900, tight range, Charactics,
Institutional Data: Heavy Selling in past 45 days, the amount is reflected in attached screenshot.
Relative strength : Bullish
Upside: 19800-19900 is crucial range
Downside: Below 19200,
Support range 18100, 17400.
What should be done?
19200-19900 is NO ACT ZONE
Nifty weekly analysis for 19/10/23.Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle.
It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty.
On the hourly charts, it has closed below both the moving averages and there are high chances of market following the fall.
There is also a bearish moving averages cross over, on smaller time frame, which also show there can be a fall in coming days.
RSI indicator is showing some bearish divergence on the higher intraday time frame.
Watch for option premiums as tomorrow is the weekly expiry. Only one more week will be left in the october month.
Support :- 19580, 19480-500
Resistance :- 19720, 19780
Market were in the consolidation phase and after few days it has given a nice trending move. If the global sentiment also align with today's move, there are high chance of market testing 18900 levels soon.
Wait for the price action near the levels before entering the market.
Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways.
crossing above 19893 will provide price a strong upward movementand it may easily reach
19957 and may retest or cross pass 20k.
19815 (Strong Support if takes support here go long and follow levels)
below 19815 it may little week , but 19765 is another strong support
you may short below 19815 (Chance of false breakout is high) but you
can long from 19765 if it takes support.
Nifty daily analysis for 10/10/23.Nifty after a gap down opening due to the global cues remained in a narrow range and closed 140 points lower taking support around 19500 levels.
On the daily charts, it has formed a doji candle and is still trading below the 20 ema.
On the hourly charts, market opened below both the moving averages and tested the 20 ema. It took resistance from the levels and closed around day's close.
The market reacted to the international news and after a gap down tried to regain some points.
Nifty remained stronger than the other index. Market trend is still indecided and there is no opportunity of a positional trend follower.
There is a bearish moving averages cross over, on 15 minutes charts, and it has retested the 20 ema.
Support :- 19500, 19350
Resistance :- 19575, 19730-50
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 26/09/23.Nifty has formed a perfect doji on the daily charts after testing 61.8% fibonacci levels. It is trading below the 20 ema.
The market has given a nice fall after forming a new ATH and is now giving a consolidation.
On the hourly charts, it has closed below both the moving averages and is taking resistance from 200 ema. There are chance of a cross over.
There was a nice consolidation in the market and there was a good move in both the directions. This confusing market will take the profits and even cause more losses.
It would be wise to wait and watch for a trending move in the markets.
Support :- 19600, 19500
Resistance :- 19730, 19800
Wait for the price action near the levels before entering the market.
18 Sep ’23 Post Mortem on Nifty - short below 20070Nifty Analysis
Recap from yesterday: “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.” . Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short.
On Friday SPX closed -1.22% down sending a strong negative message, but it seems like our markets were not afraid. The pre-open today showed a -0.23% probable open - but the real open was just 0.04% down. The first candle swung to a low of 20121 which was respected till 15.15. Just imagine - a market that doesnt get bothered by what is happening globally. Even though over-valued, over-extended rally - still no fear of a fall or correction. There is something special about Indian stock markets.
I was almost out of words for this tweet - not just small and midcaps but even the large caps are overbought.
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.
Nifty weekly expiry analysis for 14/09/23.Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high.
It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart.
On the hourly charts, there was a nice support from 19940 levels and it tried to give a move after a consolidation period.
During the initial hours the market was volatile and it traded around 15 minute's 20 ema. It has created a base around 19940 levels and has also taken support fromt the moving averages in the last hour.
There are chance of market taking a halt as it has given a nice up move without any serious retracement.
Support :- 20020, 19940
Resistance :- 20110, 20200
Nifty has travelled alot and is now being at the ATH its difficult for it to sustain longer without a retest. Watch for option premiums as it weekly expiry for nifty.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 25/08/23.Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle.
On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages.
Global market are too trading in negative and if nifty starts trading below 19250 levels there will be a panice selling as it has bounced from that levels and the support is becoming weak.
On 15 minutes chart, the moving averages are close enough and there will be a bearish cross over if there is another sell off.
There are chance of a bearish trend as a fake out has been proved in nifty. Though, banknifty tried to remain in the green but has closed only 17 points higher which is a flat closing.
Support :- 19370, 19260
Resistance :- 19480, 19550
Wait for the price action near the levels before entering the market.
Nifty weekly analysis for 21/08/23.Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels.
Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week.
On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been trading below 20 ema.
Nifty is around a crucial levels, if the support zone of 19250 is also breached then there are chances of market going to 18900-19000 levels as there is no support near by.
On the hourly charts, there is a bearish moving averages cross over and market is taking serious rejection from 200 and 20 EMAs.
Market is being volatile to sideways and there are chance of a trending market as it has been trading in a very small range.
Support :- 19260, 19180, 19000
Resistance :- 19360, 19460
Gap up and gap down are limiting opportunities for an intraday trader. Watch markets carefully and let market decide the trend.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 11/08/23.Market are very volatile and is killing profits for option buyer.
Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half.
Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji.
On the daily charts, market is seriously taking support from the 20 ema and today after touching a low of 19495 it reversed immediately closing around the moving average.
The 10:15 AM candle was a good candle and a nice bearish move was seen, this candle lost 83 points and market traded in the range of this candle whole day.
On the hourly chart, 20 ema was creating confusion as it traded around it and closed just below the moving average.
Support :- 19480-500, 19420
Resistance :- 19550, 19600-30
Support and resistances are nearby as market is volatile and can reverse from any of the levels. Scalp trades and short selling is good in this kind of market as there no clear trend till now.
Market is closing in a small range. Clearly scenario will be there once it starts closing outside the range.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 09/08/23.Market remained in the same range as yesterday and killed option buyer.
Nifty for 2 days have been range bound. Today range was 19630-530 and in the second half of the session market remain silent.
On the hourly charts, nifty took support from 20 ema and closed above both the moving averages. After a gap up opening market came for selling and reversed after hitting the support zone around 19500 levels.
Market has been consolidating for 2 days and time is there for a big move either side.
On 15 minute time frame, the market traded around the moving averages and has closed near the levels.
Support :- 19535, 19420
Resistance :- 19600, 19720
Nifty struggled to cross 19600 levels and 50% fibonacci levels. It has also hit 19500 levels many time. Break out/down can give good target.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 08/08/23.Nifty has formed a doji and trade whole day in a range of 100 points.
The market is following a rising wedge channel and today has given closing above 20 ema.
On the hourly chart, it has closed above both the moving averages.
There seems no opportunity for option buyer. Market opened gap up and remained volatile.
Fight between buyer and seller couldn't take market anywhere and it closed only 80 points higher.
On 15 minute chart, nifty took support from 20 ema and in the second half after crossing 200 ema took support from the level. Both the moving averages are close enough.
Support :- 19535, 19420
Resistance :- 19600, 19720
Nifty struggled to cross 19600 levels today and closed below it. The market is giving gap up opening and not giving much opportunity to option buyer on intraday basis.
Wait for the price action near the levels before entering the market.