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NIFTY prediction for today 26 JUN As we discussed, NIFTY in the video market opened upside to the breakout and continued its momentum to the upside, breaking the resistance and further giving good bullish momentum. If we look at the chart now: The market has brake the resistance to the upside. Right now, the market is trading in the uptrending channel. I am expecting resistance from the resistance trendline. The price has yet to reach the level provided after the breakout. Now, there are two possible cases in the market. If it opens up, there can be a correction that can be seen in the market till EMA(13) or 23636. If the market opens near the support zone of 23636, then it can move further to the upside, continuing its momentum. Support levels: 23636, Support trendline, and 23432 resistance levels: 23828 and resistance trendline. If we look at the OI data: PCR = 1.33, which has increased from 1.07, indicates a very bullish market nature. 23500 is MaxPain. On the higher side, there is not as much CE writing as writing on the lower side. The only good CE writing at a higher level is 24000. The market is completely in the bull's favor right now. I am expecting the market: Case 1 : if the gap opens down, it will take support at 23636 and continue bullish momentum. Case 2 : if opens gap-up near the resistance trendline, it might correct itself by 23636 Reason: RSI > 60 shows bulls are strong Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.33, which has changed from 1.09, indicates bulls are continuously increasing their position in the market. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Case 1 : if the gap opens down, it will take support at 23636 and continue bullish momentum. Case 2 : if opens gap-up near the resistance trendline, it might correct itself by 23636 Plan of action: Case 1 : Gap-down-> Sell 23500 PE (Hedge it with 10/- premium PE) Case 2 : Gap-up-> Sell 23800 CE (Hedge it with 10/- premium CE)
NSE:NIFTYLong
by finnova_
6
NIFTY Prediction for Tomorrow (Monday) 24 JUNAs we discussed, NIFTY opened high at resistance and fell to 200 EMA. After that, it became a roller coaster with a sideways wild move. If we look at the chart now: The market is having huge volatility, taking support at 200 EMA again and again, which shows a healthy bullish structure. But at the same time, trading in the zone, which I will suggest option buyers to stay away from. Support levels: 23432, 23339, and 23250 resistance levels: 23636 and 23828 If we look at the OI data: PCR = 0.92, which has changed from 1.19, shows mostly profit booking on both sides of the market. If we look at the last 3 hours, there was only CE windoff. 23500 is working as max-pain. 24000 has huge CE writing, which is going to provide good resistance, and on lower levels, 23000 is going to provide very nice support as it has huge PE writing. There has not been any fresh writing today. I am expecting the market: Case 1 : Sideways in range 23432 - 23636. Case 2 : Go with the breakout on either side; it breaks. Reason: RSI 40-60 indicating sideways momentum; EMA(13, 50) > Price > EMA(200), which indicates the indicesive market. PCR = 0.92, which has changed from 1.19, shows bulls do not have much confidence right now. We might see a bearish move soon. Price < VWAP shows a Bearish market structure. Verdict: Sideways or Bearish Case 1 : Sideways in range 23432 - 23636. Case 2 : Go with the breakout on either side; it breaks. Plan of action: Case 1 : Sideways-> Sell 23500 CE and 23500 PE (Hedge it with 10/- premium CE) Case 2 : Exit the opposite position on either side. It breaks the range.
NSE:NIFTY
by finnova_
2
Nifty 25-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 233## Major Resistance - Around 236## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:NIFTY
by SriTrader5121
Nifty 24-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 ______________________________________ Overall view for the day Buy - with the support of Important_level Sell - with the rejection of Important_level Major Support - Around 2335# Major Resistance - Around 2360# See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to follow... 1) Wait for confirmation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purposes and a helping hand to learn trading in the live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in the comment section. Please Hit a LIKE, it motivates me to do analysis and share with your trading friends.
NSE:NIFTY
by SriTrader5121
NIFTY analysis for today 21 Jun 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading inside the indecisive channel zone. By the time it's in the channel, it's going to be a roller coaster sideways. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles. Trade the market with proper risk management. Support levels: 23474, 23379, and 23340 or EMA(200) Resistance levels : 23622, and upper resistance trendline If we look at the OI data: PCR = 1.19, which has increased from 0.97, shows a bullish sign in the market. 23550 is max-pain. 23600 also has significant good CE writing that will provide good resistance. Higher levels have lower CE writing than lower lower put writing. The market is not able to make a Higher high. However, as bulls are not able to push the market to the upside, it might lead to a short correction. I am expecting the market : Case 1 : Sideways bullish in channel. Case 2 : Good momentum either side it breaks. Reason: RSI is 40-60, showing sideways structure. Price < EMA(13) and Price > EMA(200), which indicates weak bulls market PCR = 1.17 has increased from 0.97 and shows signs of bullishness and an increase in the bull's strength. Price > VWAP shows a Bullish market structure. Verdict: Neutral Plan of action: Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options) Case 2 : Keep both inside channel. Exit the opposite side on either side, and it breaks.
NSE:NIFTY
by finnova_
NIFTY prediction for today 20 JUN 24As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside the channel, it can again show good volatility, big up and down candles. Trade the market with proper risk management. Support levels: 23474, 23379, and 23340 or EMA(200) Resistance levels : 23622, and upper resistance trendline If we look at the OI data: PCR = 0.97, which has decreased from 1.91, shows a weak bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. I am expecting the market : Case 1 : Sideways bullish in channel Case 2 : Bearish if the market breaks the channel to the downside. Reason: RSI < 50, falling to doenside. if it crosses the 40 to the downside, it might lead to a bearish market. Price < EMA(13, 50) and Price > EMA(200), which indicates weak bulls market PCR = 0.97 has decreased from 1.19 and shows signs of weakness in the bull's strength. Price < VWAP shows a Bearish market structure. Verdict: Neutral Plan of action: Case 1 : Sideways: Sell 23500 PE & 23600 CE (Hedge it with 10/- premium options) Case 2 : Exit PE if it breaks the channel to the downside.
NSE:NIFTY
by finnova_
NIFTY Intraday Trade Setup For 20 Jun 2024NIFTY Intraday Trade Setup For 20 Jun 2024 Bullish-Above 23670 Invalid-Below 23620 T- 23865 Bearish-Below 23400 Invalid-Above 23450 T- 23190 NIFTY has closed on a slight bearish note with 0.18% cut today. It was a volatile day as it opened with a gap up and then strong sell off came once again it recovered and made a fresh day high. If today's high is not crossed tomorrow morning then it can be a bearish day tomorrow. However since 10 Jun index has been trading between the plotted channel. We need breakout for a good trendy move or else it will continue choppy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23670 then we will long for the target of 23865. For selling we need a 15 Min candle close below 23400. T- 23190. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY prediction for tomorrow 19 JUN 24As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very volatile. Trade it with proper risk management. Support levels: 23526, 23474(EMA(50)), and 23379 resistance levels: 23622, 23600 If we look at the OI data: PCR = 1.19, which has decreased from 1.42, shows a bullish sign in the market. 23500 is max-pain. The market does not have much resistance to the upside till 24000. However, as bulls are not able to push the market to the upside, it might lead to a short correction. Also, a significant fall in PCR shows weakness in bulls. There have been lots of calls unwinding, which shows that bears also do not have strength, which might lead the market sideways. I am expecting the market to touch an upper trendline and then a correction. Reason: RSI 70, having flat momentum, shows a sideways structure. Price > EMA(13, 50, 200), which indicates a bullish market structure. PCR = 1.19 has decreased from 1.42 and shows signs of weakness in the bull's strength. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Plan of action: Case 1 : Range Bound: Sell 23600 CE & 23500 PE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
1
NIFTY prediction for tomorrow ( Monday ) 17 JunAs we discussed in the morning, NIFTY traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways uptrending channel. The market is continuously taking support at 50 EMA. Until Marklet is inside the channel, it's going to be sideways. The market is in the middle of the channel, which might also act as good resistance. But if it breaks 23472 to the upside, it might go till 23600. However, if it breaks the channel and 50 EMA to the downside, there is a high probability that it's going to touch 200 EMA with a sharp fall. Support levels: 23338, 23199, and 23174 resistance levels: 23472, 23600 If we look at the OI data: PCR = 1.42, which has increased from 1.17, shows a bullish sign in the market. 23400 is max-pain. 23500 has significant CE writing at higher levels. On the other hand, 23300 and 23000 have heavy PE writing. VIX has also decreased significantly, which indicates volatility is being controlled. I am expecting the market: Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Reason: RSI 40-60 shows a bullish structure. Price > EMA(13, 50, 200), which indicates a Bullish market structure. PCR = 1.42 has risen from 1.12 and shows signs of bullishness. Price > VWAP shows a Bullish market structure. Verdict: Indecisive Case 1 : Sideways in the up-trending channel Case 2 : Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23450 PE & 23450 CE (Hedge it with 10/- premium options) Case 2 : Exit opposite position on either side it breaks.
NSE:NIFTY
by finnova_
NIFTY prediction for today 14 JunAs we discussed yesterday, Nifty spent on an up-trending channel and ended sideways. If we look at the chart now: The market is in the channel right now. If it breaks down to the downside, it will give a nice bearish momentum. Support levels: 23303, 23233, and 23152 resistance levels: 23439, 23481 I am expecting the market: Case 1: Sideways in channel. Case 2: Bearish if it breaks the channel to the downside. Reason: RSI 46-60 shows a sideways structure. Price ~ EMA(13) but greater than EMA(200), which indicates the market can correct itself till 200 EMA. EMA Bearish crossover of EMA(13, 50). PCR = 1.17 which shows a bullish sign in the market. Price ~ VWAP shows an indecisive market structure. Verdict: Sideways in channel. Bearish if it breaks the channel to the downside. Plan of action: Case 1 : Sideways: Sell 23350 PE & 23400 CE (Hedge it with 20/- premium options) Case 2 : Exit 23350 PE if it breaks to the downside.
NSE:NIFTY
by finnova_
13 June 2024  -  Nifty and Banknifty New ATHs almost everydayNifty Stance Bullish ⬆️ Nifty continued to make new highs every other day this week, overall it has been a steady week with very few wild swings. Just compare the swing range of the previous week vs this, and you will understand what I am talking about. The new high is 23481 hit at the open today and then we fell almost 126pts ~ 0.54% , the beauty is that we did not go red today, even when BankNifty was toggling between red and green. During this expiry, we managed to gain 550pts ~ 2.41%. Not only did we manage to recover from the 8.74% intraday fall on election counting day, but we also managed to close 3.77% above 31st May levels and that really sends a strong message to all investors. The stance continues to be bullish, but it seems like Nifty is waiting for the fundamentals to catch up. At present, there are no major risks or challenges at the local level. All eyes are on global macros.
NSE:NIFTYLong
by viswaram
Nifty50 Support And Resistance 13-June-24Nifty50 Support And Resistance 13-June-24 Please find below simple resistance and support: 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
07 Jun 2024 - reclaiming ATHs, saying no to SCAM accuasationsThe most viral stock market news topic is the accusation that Rahul Gandhi made on HM and FM for their speech asking people to buy stocks for June 4th. Everything would have gone well if we did not have the 8.75% crash on 4th June, because the markets did have a beautiful run up till then. The SCAM accusation would have really made sense if we did not have the recovery on 5th, 6th and 7th, because as it stands now the markets are literally up by 3.2% as of 31st May close. I do not know if this follow up buying is actually scam version 2 or not, or is it genuine buying after markets got enough confidence from Modi 3.0. Even if someone bought nifty50 stocks on 03 June and if they did not sell, they are relatively flat as on 7th June - even after the violent swings. Technically we are still maintaining the bullish stance till proven wrong.
NSE:NIFTYLong
by viswaram
Nifty50 Support And Resistance 10-Jun-24 Please find below simple resistance and support: 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