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Weekly Expiry - Nifty 50 - Trading Strategy 13 APR 2023Great Rally today in both Nifty and Bank Nifty. Nifty 50 has quickly covered the psychological barrier of the 17800 level which is crucial for 18000+ levels. Resistance: 1.32 CR Call OI buildup @ 18000 level. followed by 91.4 L Call OI buildup @ 17900 level. (STRONG RESISTANCE AT 18000 LEVEL). Support: 1.06 CR Put OI buildup @ 17700 level. followed by 1.05 L Put OI buildup @ 17600 level. It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a GREEN candle with a bottom shadow signals further upside tomorrow. It is better to trade in limited quantities with strict stop loss or hedging options though the market seems bullish and FIIs have been buyers in the past sessions. Possible Trading Levels: UPSIDE TRADE: Buy only above 17850 >>>>> Buy ITM 17800 CE. (TGT 17900 | SL 17800) DOWNSIDE TRADE: Sell only below 17800 >>>>> Buy ATM 17850 PE (TGT 17750 | SL 17850) - Risky traders can TGT 17730. Things to account for 13 April Thursday 2023 (Weekly Expiry): 1. India's Inflation rate is 5.66% YoY vs 6.44% YoY last year. This is positive news. 2. US inflation rate is 5% vs 6% last year. This will bring great relief as FED inflationary measures of the rate hikes will be possibly curtailed. This is again positive news for the economy and markets. 3. TCS Q4 Results declared and Profit jumps 15% YoY. A dividend declared of 24 per share. Positive News. 4. Weekly Expiry Day for Nifty and Bank Nifty. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
Nifty-13/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-13/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17767 - 17776 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of R. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
Nifty 50 @ 17700 - Make or Break level? READ to know MORE.... Today's Rally was due to buying in Auto, Banks and metal stocks. Also FIIs bought 343 Cr while DII dumped 264 Cr, though the net was positive (79Cr.) Nifty 50 has reached a crucial level 17722. There is a tough fight between bulls and bears at this level to mark their dominance. Total Call OI: 6.66CR Total Put OI: 6.55CR Bulls are relatively a little strong, but the difference is not much. 17700 strike following are the Call OI and Put OI. Total Call OI: 91.85CR Total Put OI: 1.14CR It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. VIX as of today has ended lower, which confirms the positive direction of the market. Also, the candle stick pattern with a higher High and Higher Low plus a small body with a long bottom shadow signals a positive opening with an up-move. But as I mentioned, the market is still at a crucial juncture, and better to trade with limited quantities with strict stop loss or hedging options, until the levels are established clearly for further trades. Possible Trading Levels: UPSIDE TRADE: Buy only above 17750 >>>>> Buy ITM 17700 CE. (TGT 17800 | SL 17680) DOWNSIDE TRADE: Sell only below 17700 >>>>> Buy ATM 17700 PE (TGT 17650 | SL 17740) - Risky traders can TGT 17600. Things to account for 13 APR 2023: 1. HDFC Bank: The country's largest private sector lender has proposed to raise funds worth Rs 50,000 crore via bonds over the next 12 months through private placement. The board will consider the said proposal on April 15. This is after SBI recently announced raising funds via bonds. This means more cash flow for banks in the coming days, whereby lending activities will be intensified. This can be positive news for the stock and Bank Nifty. 2. The upcoming CPI inflation data is expected on Wednesday to be @6% which is the upper tolerance level for RBI. This will be positive news if it remains up to 6%. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
Nifty-12/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-12/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17695 - 17704 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of H-R and SELL with the Rejection of H-R. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
#NIFTY - POSITIONAL VIEWThe Nifty index has been consistently reaching new highs, but our team at Damis Investments anticipates a potential short-term decline due to the fact that this upward momentum is primarily driven by news. In order to support our bearish stance, we would like to share with you the specific levels at which one can take a short position. According to our analysis, the key resistance levels for the Nifty spot index are situated within the range of 17700-17800 and 17950-18050. We recommend initiating a short position within this range, with a target of 17400-17300 and a tight stoploss at 18200. We believe that this carefully crafted strategy will yield a favorable outcome in the prevailing market conditions.
NSE:NIFTYShort
by DamisInvestments
Nifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-11/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17640 - 17649 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
Nifty-10/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-10/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17556 - 17567 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of PDL. Possibility 2: GAP-UP If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of H-R. (or) If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
Weekly Expiry - Nifty 50 - Trading Strategy 06 APR 2023 Nifty 50 broke the Resistance of 17500 and headed towards 17600. If Nifty continues to sustain over 17500 then the index will move from Negative to Neutral Bias. It has to cross 18000 to look positive. Resistance and support can be observed tomorrow at the following levels: RESISTANCE R3: 17790 R2: 17677 R1: 17613 SUPPORT S1: 17500 S2: 17406 S3: 17342 TRADING STRATEGY for 06 APR 2023 - NIFTY 50: Buy above 17570 - Take ITM 17550CE position and TGT 17640 SL 17530 Sell below 17500 - Take ITM 17550PE position and TGT 17450 SL 17550 Things to account for 06 APR 2023: 1. As explained in the previous post, tomorrow is the Repo rate announcement by RBI. The expectation is 25 basis point increase. 2. Weekly expiry 3. Friday being a holiday (Good Friday) carry forward position preferably if you are into option selling/hedging strategies (to benefit from Theta over holiday followed by weekends). Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require the financial advisor to assist you with investing or trading needs, please use the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
Nifty Uptrend movement potential upto 17700 in 15 min timeframe.Nifty Uptrend movement potential upto 17700 in 15 min timeframe. Time frame:Day chart In higher time frame, Nifty is on downtrend movement. Check the moving average and Macd Indicator, Moving average 20 is below moving average 40 and MACD, the value is below zero. So, Nifty indicates downtrend movement in higher time frame. Time frame :15 minutes In 15 minutes ,the value of the Nifty breaks out of the parallel channel and is going up Trend up to 17700. Check the MA & MACD. THe value f MAC is above zero.Moving average 6 is above MA 20 && MA 20 is above MA40.So, this indicates Uptrend Movement in a lower time frame. Hope our analysis is adding value to your TRADING JOURNEY. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
NSE:NIFTYLong
by TanujaK
Nifty-05/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-05/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17311 - 17355 Possibilities of Today market open... GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
#NIFTY - POSITIONAL VIEWThe Nifty index is expected to find support in the range of 16900-16950 and subsequently rebound, generating upward momentum. In the event that the price falls within the specified range and a 15-minute candle closes above the level of 16950, a bullish trend towards the target level of 17180 is anticipated. However, to manage the risk of potential losses, a stoploss level of 16820 is recommended. In summary, the analysis suggests that there is a potential opportunity for traders to enter into a bullish position on the Nifty index, but this should be done with careful consideration of the specified support and resistance levels and the associated risk management strategies.
NSE:NIFTYLong
by DamisInvestments