Get started

Niftyoptions

Nifty Intraday Prediction Levels for 21 March 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:NIFTY
by suraranjanganguli
20 Mar ’24 — Nifty50, 220pts recovery? Weak hands will spoil itNifty Analysis - Stance Bearish⬇️ Recap from yesterday: “Once we breached the support, there was no attempt to retrace. One thing is missing though — momentum. The weak hands still hold the shorts..” 4mts chart Nifty went ahead and broke the recent swing low. The lowest point today was 21710. From the open till 10.47 - the index played as per script, but what needs attention today is the 220pts ~ 1.02% recovery. I am reiterating how bad the situation is when “weak hands” hold the CE shorts. Thankfully we did not cut through the 21913 resistance, otherwise whatever bearish setup we had created would have split open. There is also mention of BankNifty falling, but needing to fall more. The index only lost 0.16% today, that's not enough to break through the PUT shorters. Momentum is a great thing in technical analysis, the trend starts only when the momentum is in favor because if things stay as it is - markets will recover. On the 63mts time frame, Nifty is perfectly positioned. Today’s down move was received well among the traders, just when we thought a bigger movement was going to happen - the reversal took place. Tomorrow is the weekly expiry and things could get interesting. We still maintain the bearish stance below 21913. 63mts chart
NSE:NIFTYShort
by viswaram
19 Mar ’24 — N50 breaks support, but no flash crash expected...Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only thing that could override this W pattern is the lower high, lower low formation. LH, LL will take precedence over a short-duration pattern all the time.“ 4mts chart I can say With 70% confidence that Nifty50’s Lower Low, Lower High (LL, LH) wave formation has taken precedence over the W (double bottom) pattern. If not, we would not have broken the 21913 support. Take a look at the 09.55 and 09.59 candlesticks, both are RED and with considerable depth. Once we breached the support, there was no attempt to retrace. One thing is missing though - momentum. The weak hands still hold the shorts, I am guessing it is the right time for the big boys to enter as the conditions are much more favorable right now. There is one problem though - BankNifty! Nifty’s next major support comes at 21491, but before we go there we have some 2 months of data to be analyzed and processed. Reminding you once again that Nifty spent time from Dec 15th to Feb 15th between 21491 and 21913. So a flash crash could be ruled out per se. If that happens, then it is going to be some serious trouble for the current election structure. Always a greenish market is favorable for the current incumbent Govt. If the investors prices the chances of re-election being troublesome, then the market has only one direction to go. 63mts chart
NSE:NIFTYShort
by viswaram
#Nifty Directions and levels for March 19th."Good morning, friends! Here are the directions for March 19th: there is no significant difference in the last session. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -80 point. "Nifty experienced a minor pullback in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, if the market finds support around 21996 to 21961, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue, reaching the level of 50% Fibonacci retracement level for the downside
NSE:NIFTY
by Manickamtraders
Nifty analysis for 18th March 2024Looks like Nifty is making a double-bottom pattern. if it completes the pattern and crosses above 22250, it may go higher. If it breaks the support of 21850, it may go to the downside. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:NIFTY
by sudeeptalayek
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
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
Nifty50 Support And Resistance 5-Mar-24Please find below simple resistance and support: Resistance: 22440 If crossed up then will see upward move as follows: T1: 22581 T2: 22669 Support: 22350 If crossed down then will see downward move as follows: T1: 22229 T2: 22142 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
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_
#Nifty directions and levels for March 4thGood morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the supply zone, so it might be in subwave 4th. If the market breaks the supply zone, then we can expect the 5th impulse wave. The 5th wave is a distribution wave, so my assumption is it might be forming an ending diagonal pattern. If it forms and rejects around 22537, then we can expect a correction of at least 23 to 38%. However, if the rally has a solid bullish structure, the rally will likely continue when it breaks the level of 22537. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, meaning the 4th wave may continue further. However, if it breaks the fib level of 38% structurally, it may turn into a correction phase in the upcoming days.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 4th MarSaturday was a special trading session, Nifty opened above 22400 and that morning high was the day high. For tomorrow, buy Nifty if sustains above 22450 for the targets of 22490 and upper marked levels. On the other side, if Nifty breaks 22320 on the downside, we may see 22280 and below marked levels on the chart. Expectations: Trending Day Intraday Levels: Buy Above - 22450 Sell Below - 22320 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY prediction for tomorrow 4th MARAs we discussed NIFTY's bullish behavior in our last analysis, the Market (NIFTY) moved up 280 points. If we look at the chart data: The Market is trading at the resistance trendline zone. 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. Also, the Market is in an uptrend channel, which has formed a Higher High(HH). There is a possibility to form a higher low now. If we look at OI Data: PCR = 1.28, which shows the Market has bullish sentiments. There has been a huge PE writing at 22400. But if we look at the combined PCR = 0.99, it shows that the Market is likely to come down for some correction to form a Higher Low. FII & DII data: FII is medium bearish because the Market is trading at the resistance trendline. Clients are bullish because the Market is trading at ATH. I am expecting the Market to get some correction, at least till the level of 22200 (Fib 0.38 levels). Reasons: Price > EMAs show bullish sentiments. (Bullish) Price >> EMA(200) and EMA(13) >> EMA(200) market might get some correction till 22200. RSI ~ 75 needs some consolidation at this level. (sideways) PCR = 1.28 shows bullish signal whereas combined week expiry shows PCR = 0.99 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_
2
NIFTY prediction for tomorrow 1 Mar 24As we discussed with NIFTY yesterday, NIFTY took support at 21900. and then become bullish. If we see the chart data now: The market is trading just above the 200 EMA after taking good support at 21900. The last two candles have been very volatile, with huge volumes in them, which indicates that nifty is going to be in upcoming sessions. RSI is trading at the resistance line; if it breaks it to the upside, it is going to give a nice momentum. If we look at the OI data: PCR = 0.86, which indicates the market's bullish structure. Where 22000, 21900, and 21800 have huge bullish OI buildup. Which is going to provide a good support. 22100, 22200, and 22300 have very nice CE writing, which is going to provide a good resistance point, which is also supported by the chart Price action data. I expect the market to be inside the highlight zone with two different scenarios marked on the chart. Reasons: Price > EMAs show the market is having bullish sentiment. RSI is at the trendline and about to cross 60; if it crosses 60 to the upside, we can expect a good bullish momentum. Price > VWAP shows that the market price is balanced with volume. PCR = 0.86 shows the market is bullish. The market is trading inside the falling wedge. If it breaks upside, we can expect a good bullish momentum, which is also supported by the OI data. Verdict: Bullish Plan of Action: Once take support --> Sell 22000 PE (hedge it with 20 rs PE)
NSE:NIFTYLong
by finnova_
NIFTY prediction for tomorrow 28 Feb 24Let's discuss the NIFTY Expiry prediction for tomorrow which gave a very nice fall today. If we look at the chart now: The market is trading at the support trendline. Also, the market is near 200 EMA, which might provide good support at this point. 21912 has also proven to be good price action support in the past. If we look at the OI data: PCR = 0.6, which shows the bearish market structure. Above the side, there is quite the resistance at 22,000, 22100, and 22200. and there is little support if the current level is broken to the downside. If we look at the FII & DII data, it directly indicates a bearish market structure where pros have heavily shorted options. Now, there are two cases at this point. Case 1 : The market can take support at this support line. And move to the bull side. Case 2 : If the market is broken to the downside. It can give the target till 21587. Reasons: Price-taking support at 200 EMA, which might lead it back to bullish momentum after some consolidation. Price < EMA(13) means bulls are not having much strength. RSI < 40 shows weak bulls strength. OI data PCR = 0.60 shows heavy bearish. FII and DII data show heavy bearishness. Verdict : Bearish Plan of Action: Case 1: Takes support at 200 EMA --> Sell 22000 PE (Hedge it with 20 rs PE) Case 2: If the market is broken to the downside. --> Sell 21900 CE (Hedge it with 20 rs CE)
NSE:NIFTYShort
by finnova_
1
Nifty analysis for 28th feb 2024Nifty is travelling inside a channel. the possible support and resistance is marked in the chart. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets. Do your own analysis or consult your financial advisor before making any investment decision.
NSE:NIFTYLong
by sudeeptalayek
Nifty50 Support And Resistance 28-Feb-24Please find below simple resistance and support: Resistance: 22219 If crossed up then will see upward move as follows: T1: 22266 T2: 22301 Support: 22134 If crossed down then will see downward move as follows: T1: 22129 T2: 22094 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma
#Nifty directions and levels for FEB 27thGood morning, friends! Here are the directions for February 27th: The global market is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +25 point. Nifty has undergone consolidation in the last session. The structure is still bullish, so if the gap-up sustains, then today we can also expect a range market. If it breaks the previous high, then only it will go further; otherwise, it will close near where it opened. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the Fibonacci level 78% (21966). After that, if it finds support there, then we can expect a minor pullback. However, if it also breaks that level, then the correction will likely continue
NSE:NIFTY
by Manickamtraders
Nifty50 Support And Resistance 27-Feb-24Please find below simple resistance and support: Resistance: 22166 If crossed up then will see upward move as follows: T1: 22178 T2: 22207 Support: 22084 If crossed down then will see downward move as follows: T1: 22065 T2: 22037 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL. We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. **************************************************************************** 𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else. Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk. Do Not Take Any Action Unless You Are Set Up To Continue An 'All Out Misfortune " or "Total Loss". Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
NSE:NIFTY
by solitaryverma