Niftyoptions
Nifty Intraday Levels | 6-AUG-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)
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Nifty 50 Analysis & Prediction for Monday 5 Aug 2024Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
Nifty is creating a retracement in a buying trend so
Condition 1- if Market opens and test it's previous resistance and holds that level then I am expecting upmove
Condition 2- If Market opens and retrace little more then also Price can bounce after creating support.
Market can create other conditions also So wait and observe properly.
Nifty50 Support And Resistance 30-July-24
Please find below simple resistance and support
This is only for education purpose. Do your own research before investing or trading.
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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.
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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.
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Nifty50 (29th July) 2/224888---24911 NO TRADE ZONE
Hourly candle 🕯 closes above 24911 then could test 📈 25025
Closing below 24911 -- 24888 in hourly candle 📉 📉 could test support at 24650 (Fib gap pending )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty50 (29th July)If hourly candle 🕯 closes above that white trend line or 24999 then could test above target 25095 or the trend line in red, if sustains that then could even push higher to 25172 or the blue trend line
If rejects or closing sustains below 24999 or the white line then could 📉 📉 to below price marked on the chart
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Nifty50 (24th July) 1/2If hourly candle 🕯 closes above 24537 then it could test 📈 above target 24667
If hourly closing below 24435 then 📉 📉 to 24345
24435 --- 24537 consolidation zone
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
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.
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 !