Nifty Trade Idea for last week of NovemberI think the monthly High is settled for Nifty. From here I am expecting lower prices. I am aiming for 19414
Niftyoption
NIFTY 50- Target Levels - 09.11.23.
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Nifty Spot Price : 19443.5. India Vix Spot : 11.04% -
Nifty Daily Range : 19331 To - 19556
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
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)
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..
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..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
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This Is My Trading Phychology Of
market1tomorrow
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 weekly analysis for 06/11/23.Nifty after a selling has recovered upto 50% fib levels. The market has formed a baby mother candle on the weekly charts and it still trading below the 20 ema.
Markets are not doing much during the trading hour as there is a gap up and consolidation during the trading session.
On the hourly charts the market has been trading in a range of not more than 60 points.
Support :- 19150, 19070
Resistance :- 19270, 19400
Much of the movement is not there in the market. Watch and confirm the setup as there is no follow through for last 3 trading sessions.
Wait for the price action near the levels before trading the market.
Nifty weekly expiry for 02/11/23.Nifty has formed a red candle on the daily charts and is trading between both the moving averages.
It is showing a bearish trend on smaller time frame, also forming a fall wedge pattern. If the market starts trading below 18900, there will be a huge sell off as the low will be cleared and support will be around 18720.
On the hourly charts, the market has been trading below the moving averages which signify some negativity.
Support :- 18870, 18720
Resistance :- 19250, 19400
Tomorrow is weekly expiry for nifty and today it has fall 90 points on day to day close.
Watch if the market open flat to negative and starts trading above the resistance of wedge. The pattern will work in the bullish side more effectively.
Wait for the price action near the levels before entering the market.
Nifty50 monthly expiry trading levels (26/10/23).Nifty has continued the fall closing 160 points lower and breaking the major support level of 19250.
It has formed another red candle which shows the sellers participation.
On the hourly charts, the market consolidated in the initail hour following a 150 point fall instantly below the support levels.
Now the market trend is good for a bearish traders and option buyer. There are chance of market being in a short term bear trend.
Sell on rise market is there. Option buyers are now going to go green as there will be 50-70 points move in the market for few day.
Support :- 19000, 18880
Resistance :- 19250, 19330
Break down of the major support level gave good movement and almost hit our targets.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 25/10/23.Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250.
There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema.
On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of more than 130 points.
Now there is a bearish trend for a short term. If the market continue to fall and starts trading below the 19200 levels then it will test 19000 and 18850.
Support :- 19230, 19000
Resistance :- 19420, 19500
The market can go trending as it is approaching the monthly expiry.
Wait for the price action near the levels before entering the market.
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.
Nifty weekly analysis for 16/10/23.Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher.
After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level.
It is holding the higher levels but is still trading below the major resistance level of 19900.
On the daily charts, there are gap up and gap down and nifty has closed above the 20 ema. No clear view is there in the market.
Less option buying opportunities are there. Last 2-3 weeks has been for option seller as it is trading in a range.
The markets have consolidated and a break out/down can be seen with a proper follow through in the markets.
On the hourly charts, it took support around the 200 ema and closed between both the moving averages.
Nifty consolidated for 2 days in a range and took the opportunity as it opened gap down.
Major Support :- 19250-300
Resistance :- 19840-900
For intraday trading levels.
Support :- 19730, 19670, 19580
Resistance :- 19780, 19840
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 13/10/23.What a weekly expiry this has been?
Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower.
On the hourly charts, the market remained in the first hour candle and closed above both the moving averages.
Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer.
On 15 minutes charts, it traded around the 20 ema and closed just below the levels.
Support :- 19770, 19720
Resistance :- 19840, 19900
Wait for the price action near the levels before entering the market.
Nifty weekly expiry analysis for 12/10/23.Nifty held on to the higher levels while banknifty gave away the points after a gap up opening.
It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day.
There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages.
On 15 minutes time frame, market took support from the 20 ema and has closed above it.
Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest.
Support :- 19770, 19720
Resistance :- 19840, 19900
Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks.
Wait for the price action near the levels before entering the market.
Nifty Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas
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 weekly analysis for 09/10/23.Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema.
There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts.
On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction.
Nifty last week has been froming a consolidation phase after gap up or gap down opening and trading in a narrow range.
It has retraced to 19300 levels andi is now standing around 3802% fibonacci levels. For a bullish momentum to continue, it should cross and sustain above the 19900 levels. Other wise market will ramain volatile.
Major trend levels are 19900 and 19250. Bullish or bearish trade can be trailed once the market starts trading above or below the levels.
Support :- 19560, 19500, 19350
Resistance :- 19730, 19850, 19900
Wait for the price action near the levels before entering the market.
6th Oct ’23 - Show of Strength - PostMortem on Nifty50Nifty Analysis
Recap from yesterday: “Although we had a good green day today — the body of the candle was not good enough. So I am not changing my stance from bearish to bullish instead, I am going with a neutral stance for tomorrow.”
Everything went in the bull’s way today. The opening was gap-up followed by a steady upward-looking rally. Even though we had the RBI MPC meeting today(we will discuss in detail in the BankNifty postmortem below) - it had nothing for the bears. As it stands Nifty has managed to come out from the bear’s grip.
On the 1hr TF Nifty is still between 19446 and 19776 support/resistance levels. But the gap-up formation on consecutive days and the island formation have really shifted the sentiment from bearish to bullish. We have to take out the 19710 and 19776 levels too for a strong bullish momentum to pick-up. Mainly because we had some strong red candles at those zones.
Look at the US VIX (blue) vs India VIX (orange). Global markets are at extreme fear whereas Indian markets are at extreme greed. Need to know how long this decoupling lasts. For Monday, I wish to continue my neutral stance but keep my options open for bullish moves. The moment 19776 is tested and broken - we can expect further participation to take Nifty much ahead. For the bears to make a comeback - the US markets have to close in DEEP RED today.
4th Oct ’23 - Super recovery in last 90mts - Nifty PostMortemNifty Analysis
Recap from yesterday: “The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.”
The opening 5mts was quite powerful, quite similar to the one we had yesterday. Interestingly it took out our first support of 19446. We had a follow-through and even hit the low of 19333 but we did not retest nor break the 19310 level.
The main reason for that is the counter move on HDFCBK - which spoiled the party for the bears. Our markets are not alone wherein 2 or 3 stocks can dictate the terms - such is their weightage. Just because of this, the VIX stopped surging and all of a sudden the fallen stocks started getting back on their feet to cover up the lost ground. When news flows - the technical analysis stops working. We will discuss on HDFCBK in the Banknifty expiry section below.
On the 1hr TF, Nifty complied with the double top pattern and showed its vulnerability by breaking the support line. The next support level of 19310 fell short by just 0.1%. If the current momentum holds - then it should be tested and taken out by tomorrow. We also have the expiry tomorrow - which may bring in some added uncertainties.
Nifty daily analysis for 04/10/23.Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions.
A retracement and a consolidation is going on and market are yet to decide which side to move.
On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages.
The market has closed near the 20 ema, on 15 minute time frame.
Support :- 19500, 19250
Resistance :- 19560, 19730
There are chances of market giving a trending move as it has consolidated in a range for 4-5 trading session.
Wait for the price action near the levels before entering the market.
NIFTY - Target Levels - FRI - 29.03.23Nifty Spot Price : 19523.6. - INDIA VIX SPOT Price : 12.82. -
Nifty Daily Range : 19393 To - 19655 -
Watch Option Strike : 19600 CE
Draw & Watch The Target Points : ----148-----164-----206----247----288-----329----370---+++++++
Watch Option Strike : 19600 PE
Draw & Watch The Target Points : -----89 -----99-----123----148----173-----197-----222---+++++++
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 Target Levels Is Accurate Or Not)
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..
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. Buy At Low.... Sell At High.... Is The Concept For Day Tradings..
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, Targets, & Stop Loss..
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 / market1tomorrow
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.
26 Sep ’23 Post Mortem on Nifty - Neutral with a bearish tintNifty Analysis
Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”.
The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no indication of a breakdown.
I assume most traders were looking out for bullish opportunities, the swift move from 11.30 to 13.00 yesterday would have given some hope to the bulls. As soon as the markets opened this bullish case was not that strong, so I was looking out for moderately bearish to range bound trade possibilities.
Since it was the FinNifty expiry today, I committed the margin to a few OTMs of that index. When the opportunity came, I was unable to exit and take positions in Nifty. The opportunity did not last that long because markets were range bound.
On the 1hr chart we are almost at the centre point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that - I wish to maintain my neutral stance.
Technical Analysis of Nifty 50 for TomorrowTechnical Analysis of Nifty 50 for Tomorrow (26 September 2023) with Good Points
Support:
19600-19500 (Strong Support)
Resistance:
19800 (Big Resistance)
Overall Analysis:
The Nifty 50 index is currently trading at 19674.55, just below the resistance level of 19800. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish.
However, there is a good chance that the index could move upside tomorrow if it breaks above 19800. The index has strong support at 19600-19500, and there is a lot of put writers at this level. Therefore, if the index breaks above 19800, it could face strong buying pressure.
Good Points:
The index has strong support at 19600-19500.
There is a lot of put writers at the 19600-19500 level.
The index could move upside if it breaks above 19800.
Trading Strategy:
Bullish Traders: If the Nifty 50 index breaks above 19800, bullish traders can enter long positions with a stop loss below 19750.
Bearish Traders: If the Nifty 50 index breaks below 19600, bearish traders can enter short positions with a stop loss above 19650.
Overall, the Nifty 50 index is likely to move in a range of 19600-19800 tomorrow. However, there is a good chance that the index could move upside if it breaks above 19800.
Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
Technical Analysis for Nifty50 for Tomorrow**Technical Analysis for Nifty50 for Tomorrow - September 25, 2023**
**Overall Outlook**
Nifty50 is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 19,700, then the 19,600 level will act as a support. On the upside, the resistance levels are 19,800 and 19,900-20,000.
**Support and Resistance Levels**
**Supports:**
* 19,600 (strong support as per OI data)
**Resistances:**
* 19,800
* 19,900-20,000
**Trading Strategy**
* **Buy:** If the market trades above 19,800 and closes with a 15-minute green candle, then a buying side movement can be expected.
* **Sell:** Wait for a breakdown of 19,600 before selling.
**Note:** Please follow price action and wait for opportunities to trade.
**Additional Comments**
* The global markets are negative due to concerns about rising interest rates and a potential recession.
* Nifty50 is a broad market index, and it is sensitive to global market trends.
* If the global markets continue to remain negative, it could weigh on Nifty50 as well.
* However, if the market opens above 19,700 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal.
* Traders should carefully monitor the price action and wait for opportunities to trade.
**Disclaimer:** This is just a technical analysis and is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow - September 25, 2023**
**Overall Outlook**
Bank Nifty is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 44,550, then the 44,500 level will act as a support. On the upside, the resistance levels are 44,970 and 45,200-45,400.
**Support and Resistance Levels**
**Supports:**
* 44,500 (strong support as per OI data)
**Resistances:**
* 44,800/44,900
* 45,000
* 44,970
* 45,200-45,400
**Trading Strategy**
* **Buy:** If the market trades above 44,970 and closes with a 15-minute green candle, then a buying side movement can be expected.
* **Sell:** Wait for a breakdown of 44,300 before selling.
**Note:** Please follow price action and wait for opportunities to trade.
**Additional Comments**
* The global markets are negative due to concerns about rising interest rates and a potential recession.
* Bank Nifty is a banking sector index, and the banking sector is sensitive to interest rates.
* If the global markets continue to remain negative, it could weigh on Bank Nifty as well.
* However, if the market opens above 44,550 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal.
* Traders should carefully monitor the price action and wait for opportunities to trade.
