NIFTY 12.09.2023 LEVELS..Nifty Spot : 19936.35
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 19800 CE
Buy At : 106, Sl : 95, Next Sl : 63
Target : 132
Target : 159
Target : 185
Target : 212
Target : 238
Target : 264
Target : 291
Target : 317
Option Strike : 19800 PE :
Buy At : 74, Sl : 67, Next Sl : 45
Target : 93
Target : 111
Target : 130
Target : 149
Target : 167
Target : 186
Target : 204
Target : 223
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
Niftyoption
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today.
The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session.
Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level.
On the hourly charts, the market is trading above the moving averages and has closed near the day high.
While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels.
Support :- 19930, 19865
Resistance :- 19200, 19310
Wait for the price action near the levels before entering the market.
Nifty weekly expiry analysis for 07/09/23.Nifty gave a nice move and the last hour candle gave a nice up move after showing some selling in the market.
There is a bullish engulfing candle on the daily charts and market is looking bullish as it has closed near day's high.
On the hourly time frame, the market tested the 20 ema and closed above both the moving averages. The volume of the last hour are also high and there are chance of market showing some bullishness.
Nifty consolidated in the first half, gave a downside trade and reversed making market bullish.
On 15 minute time frame, the market formed a base around 19500 levels and closed above both the moving averages.
Support :- 19500, 19430
Resistance :- 19650, 19730, 19785
Market for last 3 session has been following a trend of a selling and then closing near the day top. If the markets opening gap up, there are fair chance of market moving up wards as it will clear the crucial resistance zone.
Watch for the option premium as it will be weekly expiry.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 055/09/23.A gravestone doji after a gap up opening is creating confusion in the market.
Nifty after a gap up opening came for selling in the first hour and after that slowly went up and closed near the opening price.
On the hourly time frame, there is a bullish moving averages cross over and today the market took support around 19450 levels.
The market gave gap filling trade and after that continued to push higher very slowly.
On 15 minute chart, market retested the 20 ema and began an up move after testing it.
Support :- 19460, 19330
Resistance :- 19550, 19620
Wait for the price action near the levels before entering the market.
Nify Bearish then Bank nifty if you saw nifty in a daytime frame you saw a downside Trend nifty make from 20 July Exact Market Support 19250 which levels markt break 03 July Market Restest this level many times and for Tomorrow Market Need To Trade Above 19600 if Market Break this and sustenances Then We see a buying rally or short covering rally if market break 19250 then Market Fall Again 19000 But As Per OI Data Market have good PE seller at 19300 We can See A good upside Move in Nifty50
Nifty weekly analysis for 04/09/23.Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels.
There was a nice bullish move in the last trading session after constantly testing 19250 levels.
Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go.
A U-shape recovery is there, on hourly charts, but still nifty is around the resistance zone. Watch for the market as there is a G-20 meeting which will also show some fake movements in the indian markets.
After constantly struggling to close above the 20 ema, now it has closed above the level and is looking some what good as there can be a trending market in the coming week.
On 15 minute time frame, there is a bullish moving averages cross over and even on the higher time frame, market has closed above both the moving averages.'
Support :- 19330, 19250
Resistance ;- 19460, 19565, 19620
Nifty has closed around the resistance area and there are chance of a pullback before another bullish leg. Watch the market to cross 19550 levels which will confirm the short term trend and bullish trades can be carried on for this session.
It has reversed from levels between 50-61.8% fibonacci levels that is the golden zone.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 01/09/23.Nifty has been trading below the 20 ema and is taking support from 19250 levels.
Market has lost around 200 points from this week high and is trading around the previous swing low.
If the market gives a gap up opening then there can be a halt candle and on the bearish side there will be another sell off.
On the hourly charts, the market came for selling and got rejection from the 20 ema. It has closed below both the moving averages.
There is a bearish moving averages cross over today, which has given a good R:R ratio of 1:2.5, on 15 minute time frame.
Nifty has been taking support from the trend line and has tested it 3-4 times. If the trend is broken then there can be a good sell off.
Support :- 19240, 19180
Resistance :- 19310, 19400
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 10/08/23.A clear bullish engulfing candle and a dragon fly doji on the daily charts shows some bullishness in the indian markets.
Nifty has given a U shape recovery today, after crossing 19530 levels market looked good for selling but it reversed after 100 points fall from the day high.
Today's market was totally unpredictable as it started consolidating after the fall and slowly moved in the upper direction.
On the hourly charts, market after breaching 20 ema almost touched 200 ema and reversed. The last hour candle shows some positive signs and chance are there that market fills the gap on the upper side.
The bearish moving averages cross over, on 15 minutes chart, gave some movement on the downside but couldn't sustain the trend and it reversed quickly.
Support :- 19470, 19400
Resistance :- 19680, 19730, 19850
Seller were loaded in the morning but buyer tookover and closed the market 60 points higher.
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.
Nifty weekly analysis for 07/08/23.After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening.
Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week.
The market is creating a bull trend and this is a healthly retracement for another up move.
On the daily charts, market is facing resistance from 20 ema which coincide with 50% fibonacci levels.
Market is now making a lower low lower high formation. Bullish trades should be avoided until the price start trading above 19600 levels. For confirm bullish trades enter only when market crosses above the previous swing high.
A 2 days fall and a halt after the gap up opening is quite good for the upcoming week. There are chance of market testing another low as sell on rise is the market cycle these days.
On the hourly charts, it traded between both the moving averages and closed near the 20 ema. Nifty was volatile and remained in a 100 points range in the last trading session.
Support :- 19420, 19300
Resistance :- 19550, 19730
Nifty too has formed a new ATH of around 20k and is trading around 19500 levels. The round figure levels can act as support or resistance.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 04/08/23.Nifty on the daily charts has given a doji and closed below 20 ema. The market remained for selling from the initial hour.
Due to the weekly expiry today there was buying in the closing hour and market closed below both the moving averages on the hourly charts.
The market for 2 day has lost 350 points or 1.8%. Today nifty touched 19300 levels and reversed from the levels closing at 19381.
On 15 minutes charts, it took rejection from 20 ema and gave a fall of around 1% from the levels.
Support :-19300, 19200
Resistance :- 19420, 19550
The market has given a nice fall after consolidating and forming a bearish flag and pole pattern.
Bearish or sideways market can be there. Wait for the price action near the levels before entering the market.
Nifty will break rising channel or support from the channel ?Hope all are doing great.
Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target.
The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the given support level 19118. Expecting to touch that support level on or before 22-Aug-2023.
I also shared similar analysis for banknifty giving reference below.
Always trade carefully with proper SL because it’s your hard earned money.
Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
10 Jul '23 Post Mortem on Nifty A Calm Before The …?The day started with a gap up at a 50% level between the high & low of the last session. From there we saw 2 to 3 candles of fall, but nothing serious to retest yesterday's swing low.
From 09.35 to 10.40 we had a good rally up to the 61.8% retracement levels. And then we had a fall of 0.54% ~ 104pts till 12.05. A small pullback till 13.55 and then a fall again of 0.4% ~ 77pts to the same 19334 levels.
Why is 19334 level so much interesting, read the 03 Jul analysis. The interesting part is that even though we had 2 falls today & the price action from the previous day also showed bearishness - I went long today (will explain the rationale shortly).
Trades Taken
The first trade taken around 10.24 AM when N50 was surging. I exited the bearish credit spread of 19500/19600 CE at a negligible profit & went long by initiating bullish credit spread of 19400/19300 PE.
19400 PE sold for 70.2 & 19400 PE bought for 36.05. At that particular timestamp the trade felt okay and hence punched. After the day's close & analysis - I feel it was not that necessary. Nifty was not that bullish nor bearish today - it was just a calm day.
If N50 falls tomorrow, I will have to exit the bullish credit spread at a loss and re-enter the bearish credit spread. Lets hope today's time decay will give some advantage!
Banknifty daily analysis for 07/07/23.Banknifty on the daily time frame has consolidated in a range for 2-3 days and was volatile in the second half of the trading session.
The market has given a bullish candle at the closing and closed 190 points higher.
On hourly charts, market opened below the 20 ema but reversed and started trading above it.
Even on 15 minute time frame, the market closed above the 20 ema and took support fromt the levels.
Support :- 45020, 44780
Resistance :- 45360
Being the expiry there was not a trend move on the either side. Market is wait for another big move as it is consolidating.
Wait for the price action near the levels before entering the market.
Nifty 17800 CE Weekly Levels April 17-2117800 CE 27th April 2023 Contract
We can generate Weekly levels for Options as well. Let me know if you have found this good.
Buy Above 200.58
Buy Targets 237.16 273.54 302.95 332.35 374.22 399.64 486.36 581.55
Sell Below 156.12
Sell Targets 119.54 83.16 53.75 24.35
Nifty Daily Levels Update For Option Day Trading EASY OPTION TRADING STRATEGY FOR NIFTY INDEX TRADING
Support Zones For Nifty Intraday Trading on Monday
First Support Zone For Nifty – 17150 – 17165
Second Support Zone For Nifty – 17035 – 17045
Third Support Zone For Nifty – 16944 – 16960
Resistance Zones For Nifty Intraday Trading on Monday
First Resistance Zone For Nifty – 17263 – 17250
Second Resistance Zone For Nifty – 17347 – 17337
Third Resistance Zone For Nifty – 17416 – 17405
Fourth Resistance Zone For Nifty – 17540 – 17528
Key Levels For Day Trading in Nifty Fifty
Support Zones For Nifty Intraday Trading on Tuesday
First Support Zone For Nifty - 17160 - 17170
Second Support Zone For Nifty - 17060 - 17072
Third Support Zone For Nifty - 16944 - 16960
Forth Support Zone For Nifty - 16805 - 16815
Resistance Zones For Nifty Intraday Trading on Tuesday
First Resistance Zone For Nifty - 17293 - 17280
Second Resistance Zone For Nifty - 17380 - 17370
Third Resistance Zone For Nifty - 17472 - 17462
Major Resistance For Next week and Month for Nifty - 17530
Nifty Daily Levels Update For Option Day Trading Key Levels For Day Trading in Nifty Fifty
Support Zones For Nifty
First Support Zone For Nifty - 16745 - 16730 ( Major Support -1 )
Second Support Zone For Nifty - 16567 - 16577 ( Minor Support -2 )
Third Support Zone For Nifty - 16460 - 16480 ( Major Support -3 )
Resistance Zones For Nifty
First Resistance Zone For Nifty - 16962 - 16945
Second Resistance Zone For Nifty - 17072 - 17060
Third Resistance Zone For Nifty - 17186 - 17168 -
Nifty Daily Levels Update For Option Day TradingTomorrow Possibl Tomorrow Possible Trade in Nify Option
Tomorrow First Call Side Posiible Trade in Nifty
Tread Entry -
If Nifty Sustain Above Its Support Zone (16368 -16356) Then You Can Buy CALL OPTION CONTRACT in Nifty
Trade Target -
Up Side First Target of Nfty is 16450 and Second Target is 16550
Tread Stoploss -
IF any 30 min. Candle Closes below 16356
Tomorrow Second Call Side Posiible Trade in Nifty - If Nifty Open Gap Down But Above Support
Tread Entry -
If Nifty Sustain Above Support Zone (16368 -16356) Then You Can Buy PUT OPTION CONTRACT in Nifty
Trade Target -
Up Side First Target of Nfty is 16368 and Second Target is 16230
Tread Stoploss- iF any 30 min. Candle Closees below
Tomorrow Put Side Posiible Trade in Nifty
Tread Entry - If Nifty Sustain Below Resisanc (16368 -16356)
Trade Target - Nifty first target is 16230
Stoploss - If any 30 min. Cndle colses bove Restance zone (16368 -16356)