NIFTY Budget day prediction for tomorrow 23 JUN Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart.
If we look at the chart now:
The market is trading at 50 EMA (1H-TF). The market also trades at a 0.5 Fib level. which might provide a good support zone.
Support levels: 24500, 200 EMA, 24188, 23985
Resistance levels: 24570, 24820
If we look at the OI data:
PCR = 0.90 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure.
Tomorrow's market moment depends upon the budget announcement.
Reason:
RSI ~ 40 - 60 shows the market is in a sideways structure.
Once Price breaks the range of 50 EMA and 200 EMA, it will decide the direction of the market.
PCR = 0.90 indicates market-bullish sentiments.
Price> VWAP shows a Bullish market structure.
Verdict: Neutral
Plan of action:
Wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.
Niftyoptions
Nifty50 (22 July) 1/1If hourly candle 🕯 closes above 24502 then it could move 📈📈 upside to above levels marked on the chart
24650 imp resistance
If candle closes below 24502 then 📉 📉 24275
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
19 Jul 2024 - The first real signs of tiredness, stance neutralNifty Stance Neutral ➡️
Nifty managed to only gain 14pts ~ 0.06% this week, but we hit a new ATH on all 4 working days. The new ATH is 24854, but before we talk about that - the price action of 18th Jul requires special mention.
We fell 84pts ~ 0.34% between open & 09.35, then we went up 162pts ~ 0.66% by 10.11. We then fell again 173pts ~ 0.7% by 11.31 and then rose 332pts ~ 1.36% by 14.51. Down-up-down-up, we had 4 mutually contradicting price movements, these are not normal times & the traders who are facing these headwinds are not ordinary either. It really takes so much courage & inner peace to trade with a level head.
The price action that followed today was a one way trip, a decent 346pts ~ 1.39% intraday fall after hitting a new ATH of 24854. The only reason I am going neutral from the bullish stance is because of the intensity of the fall today.
If we notice further weakness, I would not relent to go short as well. Honestly, going short has never worked for me in the past 1 year or so - the puts just eat the dust every single time. A bear run will wake up all those dreamers, thats what I feel.
Nifty50 ( Provisional chart ) 15th July This chart is not final, will update as per today's closing
Closing sustains above 24176 -- 24163 in daily 🕯 then it could move upside to above levels marked ( 24646 -- 25027 ) within 15th july
Expecting a correction to lower levels 📉📉📉 after the above targets
Achieve.
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty Intraday Levels | 15-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty50 (15th July) 1/2Above dash line is still pending to test
Before moving upside to 24670
It could 📉 to 24460 to HUNT STOP LOSS and from there could bounce to 24670
If 24460 below hourly 🕯 closes then more 📉 fall is expected to 24364
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
NIFTY Prediction for today 15 July 24As we discussed, NIFTY took support at 24344 and had a good bullish run, broke resistance, and sustained to the upside, showing a good bullish nature.
If we look at the chart now:
The market is trading in the uptrending parrell channel, which has HH and HL, which have a bullish structure.
Support levels: 24429, 24128, 23985
Resistance levels: 24577 and Resistance trendline.
If we look at the OI data:
PCR = 0.86 shows the market has a bullish sentiment. 24500 is Max pain. Lower levels have significantly higher PE writing than CE writing on higher levels, making a bullish market structure.
I am expecting the market to be sideways in the uptrend line channel. If the channel breaks down to the downside, a good bearish momentum can be seen till 24188.
Reason:
RSI > 60 shows the market has a bullish structure.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.86 indicates market-bullish sentiments.
Price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
wait for 15 min candle. Wait for good price action on the 24500 levels, and make your positions accordingly.
Nifty Intraday Levels | 12-JULY-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
NIFTY prediction for tomorrow 12 July 24As we discussed, NIFTY fell nicely and took support at 24188, and then it recovered nicely to 24315.
If we look at the chart now:
The market is trading in a resistance zone. Today, the market has had a huge fall from this point. Price action on this level will decide the upcoming momentum in nifty. If it breaks to the upside, it can touch the resistance trendline; otherwise, it will be sideways in the range of 24128-24344.
Support levels: 24188, 200-EMA (15-min)
Resistance levels: 24344, Resistance trendline.
If we look at the OI data:
PCR = 0.76 shows the market has a NEUTRAL sentiment. 24300 is Max pain. Both side levels have good PE and CE writing. The option chain data are indecisive.
Price Action on the 24315 will decide the direction for tomorrow.
Reason:
RSI = 40-60; shows the market is going to be sideways bullish.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.76 indicates market-neutral sentiments.
price > VWAP shows a Bullish market structure.
Verdict: Neutral
Plan of action:
wait for 15 min candle. Wait for good price action on the 24315 levels, and make your positions accordingly.
NIFTY prediction for today 11 July 24As we discussed, NIFTY took resistance at the provided dotted resistance trendline and gave a good fall.
If we look at the chart now:
The market gave good bearish momentum yesterday with heavy volatility. I also took support at the price action level of 24188 and came back. That shows bulls are active near 24000.
Support levels: 24188, 200-EMA (15-min)
Resistance levels: 24312, Resistance trendline.
If we look at the OI data:
PCR = 0.74 shows the market has a NEUTRAL sentiment. 24400, 24500, and 24600 have significantly higher CE writing than the lover levels PE writing. The market has big support at 24000.
I am expecting the market to be volatile, sideways, bullish.
Reason:
RSI = 40-60; shows the market is going to be sideways.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 0.74 indicates market bullish sentiments.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
wait for 15 min candle. wait for the market to make a direction and make the position accordingly.
NIFTY prediction for today 10 July 24As we discussed, NIFTY opened sideways and ended up sideways bullish.
If we look at the chart now:
The market is trading in an uptrending channel. The market is experiencing minor resistance in the middle of the channel. As the market is trading at an all-time high, if it breaks the middle resistance to the upside, it can give a bullish momentum. There are no horizontal levels as per price action. Please monitor the trendlines drawn on the chart.
Support levels: 24350-24400 range-support-zone, support trendline
Resistance levels: dotted resistaance trendline, main resistance trendline.
If we look at the OI data:
PCR = 1.13 shows the market has a bullish sentiment. 24400 will be max pain. On the lower side, have good PE writing at 24300, 24200, and 24000, which will be a nice support point. On the upside, we have good CE writing, but CE writing is significantly lower than CE writing.
I am expecting the market to be sideways bullish until it breaks the channel on either side.
Reason:
RSI = 57 shows a mild bullish signal, but as the market is showing bearish divergence, it might correct itself soon.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.13 indicates market bullish sentiments.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
wait for 15 min candle. wait for the market to make a direction and make the position accordingly,
Note: Don't go for option buying unless the market gives the breakout on either side of the channel.
NIFTY Prediction for tomorrow 8 Jul 24NIFTY did open gap-down, and then after taking support at support, it gave a nice bullish momentum to the upside.
If we look at the chart now:
The market is trading in an uptrending channel. It has taken support multiple times and also has taken resistance multiple times. I expect it to break soon. If the market shows bullish momentum to the upside, it will be taking resistance at the resistance trendline, which might then initiate a bearish momentum after that.
Support levels: 24182, 23952, and 200-EMA
Resistance levels: Red Zone, Resistance trendline.
If we look at the OI data:
PCR = 1.01 shows the market has a bullish sentiment. 24300 will be max pain. On the lower side, 24200 and 24000 have good PE writing, which will be a nice support point. However, 24400 and 24500 have good CE writing, which is going to provide good resistance.
I am expecting the market to give a breakout soon out of this channel.
Reason:
RSI > 50 shows a mild bullish signal.
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.01 indicates market bullish sentiments.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
Wait for 15 min candle. wait for the market to make a direction and make the position accordingly,
Note: Don't go for option buying unless the market gives the breakout.
#NIFTY levels and clear POV. 09/07/2024NIFTY have a strong support level at 24200, there is reversal point level at 24300-24320 the market test breakpoints and liquefy the premium because of Sideways. if this will sustain or break the 24350 resistance there is a chance to see good bullish rally. if there is a dip near to 24200 higher chance to bullish move.
Nifty50 (1st July) 1/124087 below closing could 📉 📉 to 24058--24016
23884 support is also pending to test maybe not today, but in coming days
Any closing above 24134 then bullish 📈 📈 ( chances are low )
If sustains above then will update upside levels
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Nifty50 ( 28th June) 1/2There's a GAP pending below at 24050 to fill, if sustains above then bullish to above level 📈
If closing under 24050 in any hourly candle then bearish 📉 📉 to 23989 --- 23884
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Nifty50 (27th june) 1/3If closing sustains below 23972 in hourly candle then 📉 📉 could test below price levels ( Long unwinding)
If any daily candle closing sustains above that red line or 24045 then bullish 📈 ( will update above levels if it happens)
23972 --- 24045. (NO TRADE ZONE )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.