Niftyoptionstrategy
24 Jan ’24 — The Trap Laid by the Bears is Bust Open - Nifty50Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
4mts chart
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave it away. By 09.19 - the gap was officially closed and Nifty was steaming with upside momentum. A part of me believed that the rise-up was part of the lower-high creation and that the shape of the bear attack was still intact. My conviction was cemented between 10.35 to 12.39 wherein we dropped 195+ points. What happened next was simply dramatic. Nifty rose 266pts ~ 1.25% between 12.39 to close. In total, it swung 347pts from LOD to HOD, of which 76% came after 12.39.
63mts chart
The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target would be to take out the 214991 resistance and nullify the 5 RED candles formed on 23rd. If we were to move downwards, the swing low of 21372 has to be taken out tomorrow itself. Hope we have a volatile monthly expiry tomorrow.
Nifty intraday trading levels for 02/01/24.Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema.
RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels.
Intraday targets for bearish move :- 21585, 21530
If there is a flat opening and market starts trading below today's low these targets can be achieved.
On the higher side, trades should be initiated above the resistance zone of 21820 with a proper Risk Reward ratio.
Watch for the price action near the levels before entering the market.
11th Dec ’23 - No special triggers for Nifty, just status-quoNifty Analysis
Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.”
4mts chart link - click here
The opening candle was quite shaky, we had a swing between 20999 to 20923 i.e. 76pts in the opening 4mts something that is not usual. The next set of candles ensured that the swing made no sense at all. Meanwhile, we hit a new ATH of 21026 today as soon as we hit it - there was a profit booking of 75+ pts over the next 5 to 6 candles. From there we gradually picked up and closed the day positive. The closing 30mts gave me the impression that there was long build-up for tomorrow. We will see how the opening 30mts reacts and then take it forward.
63mts chart link - click here
Nifty has completed a beautiful arc shape on the 63mts TF. The base trend line is still upward-facing. For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.
4th Dec ’23 - 418pts breakout on election results - Nifty50Nifty Analysis
Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH”
5mts chart link - click here
For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today. When was the last time you saw a 2% move upwards?
It was not purely a technical move (breakout) that led to these gains, it was news flow-related. BJP won 3 state elections i.e. Rajasthan, Madhya Pradesh & Chattisgarh giving a strong signal that the Lok Sabha elections for 2024 are almost in their pocket.
The rally had nothing to do with BJP per se, markets always love stability. So irrespective of the party, whichever faction is at the centre - if they keep winning the elections, markets will go euphoric. The purchase volumes from the institutions is a clear proof.
1hr chart link - click here
Nifty has made an island today and is in uncharted territory. If the momentum persists, we can see unusual outperformances. If there is negative news or weakening global macros - we can see a fall too. Since we have broken out from an ATH, the chances of momentum continuation are higher. I would continue to hold on to my long stance. The first reversal point is at 20300 levels which is quite deep even for a stop-loss trigger.
NIFTY 50- Target Levels - 09.11.23.
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Nifty Spot Price : 19443.5. India Vix Spot : 11.04% -
Nifty Daily Range : 19331 To - 19556
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
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FASP levels for Nifty 01/11/2023The FASP for Nifty is listed for 01-11-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NIFTY 50 _FUT | 25 OCT, 23AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 25 OCT,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 19322 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 19377
- R2: 19444
- R3: 19499
SHORT PLAN >>>>> 🐻
- 19199 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 19133
- S2: 19066
- S3: 18999
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“If you can learn to create a state of mind that is not affected by the market’s behaviour,
the struggle will cease to exist.” 🚀🚀🚀🚀
-Mark"Douglas
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
Nifty daily analysis for 25/10/23.Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250.
There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema.
On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of more than 130 points.
Now there is a bearish trend for a short term. If the market continue to fall and starts trading below the 19200 levels then it will test 19000 and 18850.
Support :- 19230, 19000
Resistance :- 19420, 19500
The market can go trending as it is approaching the monthly expiry.
Wait for the price action near the levels before entering the market.
Nifty weekly expiry analysis for 12/10/23.Nifty held on to the higher levels while banknifty gave away the points after a gap up opening.
It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day.
There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages.
On 15 minutes time frame, market took support from the 20 ema and has closed above it.
Tomorrow is nifty weekly expiry and it has closed around higher levels. There are chance of another gap up as the closing suggest.
Support :- 19770, 19720
Resistance :- 19840, 19900
Nifty is showing positive sentiment in Indian market and can retest the recent high in coming weeks.
Wait for the price action near the levels before entering the market.
Nifty weekly analysis for 09/10/23.Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema.
There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts.
On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction.
Nifty last week has been froming a consolidation phase after gap up or gap down opening and trading in a narrow range.
It has retraced to 19300 levels andi is now standing around 3802% fibonacci levels. For a bullish momentum to continue, it should cross and sustain above the 19900 levels. Other wise market will ramain volatile.
Major trend levels are 19900 and 19250. Bullish or bearish trade can be trailed once the market starts trading above or below the levels.
Support :- 19560, 19500, 19350
Resistance :- 19730, 19850, 19900
Wait for the price action near the levels before entering the market.
FASP levels for Nifty 05/10/2023The FASP for Nifty is listed for 05-10-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
4th Oct ’23 - Super recovery in last 90mts - Nifty PostMortemNifty Analysis
Recap from yesterday: “The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.”
The opening 5mts was quite powerful, quite similar to the one we had yesterday. Interestingly it took out our first support of 19446. We had a follow-through and even hit the low of 19333 but we did not retest nor break the 19310 level.
The main reason for that is the counter move on HDFCBK - which spoiled the party for the bears. Our markets are not alone wherein 2 or 3 stocks can dictate the terms - such is their weightage. Just because of this, the VIX stopped surging and all of a sudden the fallen stocks started getting back on their feet to cover up the lost ground. When news flows - the technical analysis stops working. We will discuss on HDFCBK in the Banknifty expiry section below.
On the 1hr TF, Nifty complied with the double top pattern and showed its vulnerability by breaking the support line. The next support level of 19310 fell short by just 0.1%. If the current momentum holds - then it should be tested and taken out by tomorrow. We also have the expiry tomorrow - which may bring in some added uncertainties.
26 Sep ’23 Post Mortem on Nifty - Neutral with a bearish tintNifty Analysis
Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”.
The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no indication of a breakdown.
I assume most traders were looking out for bullish opportunities, the swift move from 11.30 to 13.00 yesterday would have given some hope to the bulls. As soon as the markets opened this bullish case was not that strong, so I was looking out for moderately bearish to range bound trade possibilities.
Since it was the FinNifty expiry today, I committed the margin to a few OTMs of that index. When the opportunity came, I was unable to exit and take positions in Nifty. The opportunity did not last that long because markets were range bound.
On the 1hr chart we are almost at the centre point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that - I wish to maintain my neutral stance.
NIFTY - Target Levels - WED - 27.09.23Nifty Spot Price : 19664.70. VIX SPOT Price : 11.19. Nifty Daily Range : 19780 - 19550.
Watch Option Strike : 19700 CE & 19700 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
NIFTY - Target Levels - 25.09.2023Nifty Spot : 19674. Watch Option Strike : 19700 CE & 19700 PE
Watch Option Strike : 19800 CE & 19800 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
Nifty daily analysis for 06/09/23.Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction.
On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher.
The market has followed the same trend in previous trading session and if there is another gap up there are chance of market moving in the upside direction.
On 15 minute time frame, it showed a downside trend and recover after the gap filling. It tested the 20 ema and in the mid hour traded around the levels.
Support :- 19520, 19460
Resistance :-19580, 19620, 19720
Nifty has closed in green but the other index has closed in red. Indian Vix is dropping which means there can be a trending move and option premiums are not much. Carry on the trades with a proper trailing stop loss and an ultimate target.
Wait for the price action near the levels before entering the market.
Nifty weekly analysis for 07/08/23.After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening.
Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week.
The market is creating a bull trend and this is a healthly retracement for another up move.
On the daily charts, market is facing resistance from 20 ema which coincide with 50% fibonacci levels.
Market is now making a lower low lower high formation. Bullish trades should be avoided until the price start trading above 19600 levels. For confirm bullish trades enter only when market crosses above the previous swing high.
A 2 days fall and a halt after the gap up opening is quite good for the upcoming week. There are chance of market testing another low as sell on rise is the market cycle these days.
On the hourly charts, it traded between both the moving averages and closed near the 20 ema. Nifty was volatile and remained in a 100 points range in the last trading session.
Support :- 19420, 19300
Resistance :- 19550, 19730
Nifty too has formed a new ATH of around 20k and is trading around 19500 levels. The round figure levels can act as support or resistance.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 07/07/23.Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500.
The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points.
Market is moving in a good bullish cycle of consolidation and breakout.
On 15 minute time frame, nifty is taking support from the 20 ema.
Being the expiry, the last hour move gave nice profits to the option buyer .
Support :- 19460, 19410
No serious resistance is there on the upper side as market is making new ATH and the supports are near by.
Wait for the price action near the levels before entering the market.
Nifty daily analysis for 20/06/23.Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts.
There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700.
On 15 minutes chart, market is trading between both the moving averages.
Market has closed below the support zone of 18770 levels.
The markets are creating confusion near the higher levels.
Support :- 18680, 18570
Resistance :- 18770, 18890
Market will be trending only when the trend is decided. The market in the second half has given losses to the option buyers due to time decay.
Wait for the price action near the price levels before entering the market.
Nifty50 Key Trading levels 14th June 2023_OptionsTrading LevelsNifty50 Key Trading levels 14th June 2023_OptionsTrading Levels
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view.
Please consult your Financial Advisor before making any trading decision