FASP levels for Nifty 29/08/2023The FASP for Nifty is listed for 29-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Niftyoptionbuying
Nifty50 Weekly Tradesetup for 28th Aug to 1st Sept 2023
Nifty50 Weekly Tradesetup for 28th Aug to 1st Sept 2023
Looking for profitable Options trading opportunities for the week of 28th Aug-1st Sept 2023 In this Blog, I'll be sharing the option buying and selling levels for Nifty50 for the week 28h Aug to 1st Sept 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty50 Expiry Trade setup 24th Aug 2023Nifty50 Expiry Trade setup 24th Aug 2023
Looking for profitable Options trading opportunities for the week of 24th Aug-25th In this Blog, I'll be sharing the option buying and selling levels for Nifty50 for the week 24th Aug 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty50 Weekly Key Trading Levels 21st to 25th Aug 2023#Nifty50 Weekly Key Trading Levels 21st to 25th Aug 2023
Looking for profitable Options trading opportunities for the week of 21st Aug-25th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 21st Aug-25th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
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.
17 Aug ’23 Post Mortem on Nifty - Bears are still fighting 🐻🐻Nifty Weekly Analysis
We have fallen 201pts ~ 1.03% between the last expiry and today. If you notice the chart below, Nifty is closely following the bearish trend line and we will get a range convergence soon. If the support line of 19309 is not breaking - we will have a bullish reversal. Global macros, India inflation data and other sentiments are pointing for a bearish case though. What will Nifty do?
Nifty Daily Analysis
I was very much impressed with today’s price action by Nifty. If you notice the trades we had yesterday - it was much contrary to what traders were anticipating. Today we just negated those moves.
You might remember the 15.00 candle that went up 45 pts yesterday - it really made no sense. I was thoroughly looking for any events to find out why we had a surge yesterday, but today’s reversal and negation brings back sanity.
We had 2 legs for the fall today, the first leg a fall of 83pts till 10.00 and then the second leg of 89pts between 11.05 to 13.00. The options flow did indicate we would have a bear day today, but I seriously thought the 19309 support line may get broken.
RELIANCE, ITC, HDFCBK, LT, KOTAKBK, BAJFINANCE were the main losers today and TITAN, ADANIENT, SBIN the main winners. The market depth favored the bears too with 33/50 in red.
Finally this is what we have now, the pressure mounting on Nifty50 to breakout or breakdown. Technical Analysis points to a breakout and the Fundamental Analysis hinting at a breakdown due to poor macros. Today’s 99pts fall is giving some hope to the otherwise beaten bears - their first priority tomorrow would be to take out the 19309 support to gather immense downside momentum. I am changing my stance from neutral to 60% bearish & 40% neutral for tomorrow.
If you have any questions - please comment below
Nifty50 Key weely Trading Levels 14th Aug-18th Aug 2023Nifty50 Key weely Trading Levels 14th Aug-18th Aug 2023
Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level.
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty weekly analysis for 14/08/23.Nifty is taking a retracement and on the weekly charts have formed an inside candle. The market took a retest to 50% fibonacci levels and recovered.
Trend is still bullish as the major trend is in the upward direction and this might be just a retracement. Though the market is stuck in a small range and there are chance of a breakout in the upcoming week.
The market has closed below the 20 ema on daily charts, which signifies some bearish trend in the short term. Directional market is not there as it is behaving in a volatile and sideways mode.
On the hourly charts, there is a formation on lower low lower high and market is following a bearish trend. Nifty has closed below both the moving averages and is now standing around 19400 levels.
In the first trading hour market took resistance from 20 ema and closed even below the 200 ema, traded around it and finally formed an evening star taking resistance from the levels.
On 15 minutes time frame, the closed is below both the moving averages and the market still looks bearish.
Support :- 19300, 19185
Resistance :- 19500, 19580
The market has closed just below the support level and another support is 100 points lower. If market starts trading below previous day's low, bearish move will be there.
Gap up and gap down opening will take the opportunity away as it will be stuck in a range.
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.
#NAVINFLUOR... looking good from 3 AUG#NAVINFLUOR...
Intraday as well as swing trade
All levels given in charts ...
IF good potential seen then we work in options also
if activate then possible a good movement Keep eye on this ...
We take trade only when it activates...
Possible to give good target
TRADING FACTS
Nifty weekly expiry analysis 20/07/23.Nifty is forming new highs daily and today it has closed near the high as well.
It has formed a dragon fly doji and is supported by other index too. There are good chances of hitting 20k levels in july series.
On the hourly charts, it is trading in a rising parallel channel pattern. Tomorrow is weekly expiry and breakout/breakdown can give good targets.
The markets are in the bull mode and even the global markets are supporting it.
On 15 minutes chart, it is respecting the 20 ema. After breaking the level it recovered took support from it again and during the last hour gave a nice upside movement.
Support :- 19760, 19650
Resistance :- 19875(fib level)
Wait for the price action near the levels before entering the market.
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!
Nifty50 Weekly Key Trading levels 26th-30th June 2023 Nifty50 Weekly Key Trading levels 26th-30th June 2023
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERONifty50 Weekly Expiry Trading Levels 15th June 2023 ZERO to HERO
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty50 Key Trading levels 14th June 2023_OptionsTrading LevelsNifty50 Key Trading levels 14th June 2023_OptionsTrading Levels
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
Nifty 50 Key Trading Levels 13th June 2023-OptionTradingNifty 50 Key Trading Levels 13th June 2023 for Option tradesetup
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision
NIFTY50 1H TF Technical AnalysisI'm waiting for shorting Opportunities but will change my view depending on candle formations in below trendline. Personally what I observed is banking stocks looking weak so does BANKNIFTY.
Please do follow me for more such trades and support me if you like my analysis.
Nifty50 Weekly analysis & Prediction-12th June -16th June 2023Nifty50 Weekly analysis & Prediction-12th June -16th June 2023
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision