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Niftyoptions

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.
NSE:NIFTY
by viswaram
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 !
NSE:NIFTY1!
by ReviveTraders
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.
NSE:NIFTY
by finnova_
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 !
NSE:NIFTY1!
by ReviveTraders
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.
NSE:NIFTY
by finnova_
1
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.
NSE:NIFTY
by finnova_
2
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.
NSE:NIFTY
by finnova_
2
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.
NSE:NIFTY
by finnova_
2
NIFTY prediction for today 27 JUNAs we discussed, NIFTY opened sideways, retraced to the downside, and then gave a good bullish momentum to the upside to the target and resistance trendline. If we look at the chart now: The market is trading at the resistance level, where it showed a nice sell-off in the last hour yesterday. The price is still above the EMA(13, 50, 200), which shows the market's bullish nature. But last hour's sell-off shows 24000 as a strong resistance near resistance. RSI is also having bearish resistance. Support levels: 23690, 23636, EMA(50), and Support trendline resistance levels: 23890 and resistance trendline. If we look at the OI data: PCR = 1.27, which has reduced from 1.33, indicates that bears are slowly increasing their position at 24000. Bulls have written PE at each lower level nicely. Also, CE writers have held quite good positions at higher levels. 24000 is going to provide a strong resistance to higher levels. I am expecting the market to make a double top structure and then fall from 24000. Reason: RSI = 70 shows bulls are strong, but RSI divergence might lead the market to some correction Price > EMA(13, 50, 200), which indicates the bullish market. PCR = 1.27, which has changed from 1.33, indicates bulls are continuously increasing their position in the market. price > VWAP shows a Bullish market structure. Verdict: Sideways or Bullish Plan of action: Note : after making a double top neckline break, you can go bearish. Sell 24000 CE (Hedge it with 10/- premium CE)
NSE:NIFTY
by finnova_
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