Is NIFTY Bull Breakout Successful?As we discussed yesterday, NIFTY didn't go bearish. Instead, it gaped up. Once we saw the gap, the idea was updated to wait. But now NIFTY has given a trendline breakout, as can be seen on the chart. So NIFTY might be in the Bull's favor now.
Reason:
PCR = 1.16 (Strong Bullish)
RSI Diversion it might require some consolidation of a re-test.
Target to bull side 19800. but as its expiry tomorrow might result in sideways.
Price > EMAs (Bullish)
Option chain Bullish
Verdict:
Bullish
Plain of action:
observe 15 min trend if its bullish then go bullish.
Niftyoutlook
Nifty Live Intraday Updates for 15-11-23 !Nifty important levels to watch are as follows
#Support: 19580
Sell below: 19580 only on 15 minute candle closure below the level.
Target 1: 19540
Target 2: 19460
#Resistance: 19655
Buy Above: 19655 only on 15 minute candle closure Above the level.
Target 1: 19700
Target 2: 19770
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NIFTY Prediction for 15 Nov 23As we have been discussing NIFTY is in the Channel and it has faced resistance upside and now at the moddle of the channel. if it comes to downside it will be continuing it move to downside till the lower support of the channel.
Reasons:
4H-tf Trendline as resistance upside.
trading at middle of. channel, might take support from here.
if breaks to downside possible support are EMA 200 and channel lower support.
RSI is in the range of 40-60 mostly sideways.
Last hour heavy volume Selling, shows quite the intrest in bearish side.
PCR = 0.82 (Neutral)
Price >> VWAP (Bearish sign) can't stay far for long time.
Verdict:
If Breaks middle of the channel then Bearish. else play neutral.
Plan of action:
SELL 19450 CE and hold it.
13th Nov ’23 - Nifty PostMortem - Just like a DIWALI rocket ⬆️⬇️Nifty Analysis
Recap from yesterday: ”For monday, I wish to continue with the neutral stance — but a slight bias to the bullish side after seeing today’s momentum. The first level to watch will be 19562 on the upside and 19310 downside.”
On the 5mts TF, I have encircled 3 regions.
The close on Friday.
The Diwali Muhurat trading on Sunday.
The close of today.
Sunday’s trade appears to be a blip. Just like the fireworks that we light on Diwali - they go up, illuminate, and then fall back to the ground. Our market was like that rocket on Sunday. A mega gap up, island day formation, and then back to earth after today’s close. Even I did not anticipate the neutral call to work out so perfectly.
Few things have changed after today’s price action. 19446 support/resistance is proving to be more important than thought earlier. Today between 10.05 to 10.20, I really thought we would break it for the greater good and go back to bearish mode. Unfortunately, all the action stopped after the first hour of trade today and we were perfectly directionless for the remainder of the day.
On the 1hr chart, today’s 2nd hourly candle stands out. It broke through the 19446 support but failed to gather steam. The depth of that candle should not be taken lightly, I am seriously considering looking out for bearish opportunities as they uncover. Since its a holiday tomorrow, the view for Wednesday could be a bit complicated. Ideally, I wish to maintain the neutral stance as nothing has changed but how SP:SPX behaves today and tomorrow also has to be considered.
The first checkbox to tick is a rising VIX, only then a down move can be justified. The options premiums as it stands are not worth selling. A bit of uncertainty and panic will drive up the premiums & I am ready to wait.
Nifty Live Intraday Updates for 11-11-2023Nifty important levels to watch are as follows
#Support: 19330
Sell below: 19330 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19270
Target 3: 19250
#Resistance: 19365
Buy Above: 19365 only on 15 minute candle closure Above the level.
Target 1: 19390
Target 2: 19420
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
9th Nov ’23 - Nifty PostMortem - The opening candle surprises...Nifty Weekly Analysis
Between the last expiry and today, Nifty has risen 260pts ~ 1.36% and has crossed 2 important resistance levels. The bullish momentum has stalled a little bit from 6th of Nov. If further trades happen toward the downside, then the current level will act as a lower high.
Nifty Today Analysis
Recap from yesterday: “In line with yesterday’s research, I have changed my stance from bullish to neutral. To go long not only Nifty has to break through the 19446 barrier but trade above 19561 levels. Whereas to go short, a break below 19310 would be enough.”
The opening 5mts candle surprises again, it tells me there is some seller who wishes to push the market down very seriously but not getting enough participants. So the first candle is in deep RED and then we recover that dip till noon.
Nifty was unable to break through the 19446 resistance twice today - which shows the lack of momentum for the bulls. Even though I changed my stance to neutral, it did not help me win money in today’s expiry. Primarily because the options premiums were too low that I did not feel selling too close to the money. Secondly, the bearish move came very late in the day that it did not really help my long PUT position. I took long PUT to counterbalance the long CALL when we were bullish. Against the long PUT, I shorted OTM PUTS to offset the premium paid. Net result - no win, no loss.
On the 1hr TF, it seems like we are making an interim top as multiple attempts to break through @ 19446 have failed. For tomorrow, I wish to maintain my neutral stance but wish to go short if 19310 gets broken. Somehow I feel the chances of a fall have a higher probability than a rise. If we are breaking 19446 tomorrow, then I would like to wait till 19562 gets broken to change my stance to bullish.
Nifty Live Intraday Updates for 09-11-2023Nifty important levels to watch are as follows
#Support: 19395
Sell below: 19395 only on 15 minute candle closure below the level.
Target 1: 19350
Target 2: 19300-19280
#Resistance: 19460
Buy Above: 19460 only on 15 minute candle closure Above the level.
Target 1: 19510
Target 2: 19580
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Intraday Anlysis || Expiry Special Hero Zero TradeGood Morning Everyone,
Nifty closed its rangebound session on a positive note and formed a Dogi kind of candlestick pattern on the daily charts for yet another session on the yesterday session. Nifty is trading in higher highs higher lows for the fifth consecutive session. Bulls are still holding the game. If nifty is giving strong closing 19450 above then next hurdle we can face 19550-19600 levels. I think above 19550, everyone should book profits for short term. on downside 19300 is going to act strong support zone, if that breaks disaster can happen. Well we are going to act according to Chart and data.
Important Levels for Nifty:-
Intraday support zone 19400
Intraday Resistant zone 19500
Important Support Zone 19300
Important Resistant Zone 19600
Buy above 19456, if levels sustains at least for 30 Mints.
Targets we can see in upside 19533/19581
Keep stop loss at 19381
Sale below 19383, if levels sustains at least for 30 Mints.
Targets we can see in downside 19334/19275
Keep stop loss at 19456
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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8th Nov ’23 - Nifty hits the resistance, Going Neutral nowNifty Analysis
Recap from yesterday: “For tomorrow, I wish to change my stance to neutral if 19446 is not getting broken in the opening 2 hours. I would love to go bearish if 19310 support is broken”
The encircled areas on the chart represent the period when 19446 resistance was in play. The open was right at that zone, then we spent 09.55 to 10.25 around those levels. We took a minor dip, but nothing impressive to retest the 19310 levels.
Then we picked up some momentum and went past the 19446 resistance by 13.10 only to be pulled back by 14.15. Then we hovered around those levels again in the last 30mts only to close marginally below.
There are 2 ways to look at things now.
Either the retracement from 26th Oct has stalled and a lower high is getting formed, wherein further moves will be downside
Nifty is just taking a pause to catch its breath and further propel upside.
Unfortunately, I am unable to comment with confidence on the direction right away.
In line with yesterday’s research, I have changed my stance from bullish to neutral. To go long not only Nifty has to break through the 19446 barrier but trade above 19561 levels. Whereas to go short, a break below 19310 would be enough.
Nifty Intraday Trade Setup | 7th NovGift Nifty indicating a flat to minor gap-down opening. Nifty has to sustain above 19430 to gain strength which can take Nifty towards 19460 and upper levels. On the other side, Nifty looks weak below 19310 for fresh selling.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19430
Sell Below - 19310
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7th Nov ’23 - The 11.40 candle may have a story to tell - NiftyNifty Analysis
Recap from yesterday: “For tomorrow, I wish to maintain the bullish stance with the first target of 19446 and then 19576. If we are going down, the first level to watch will be 19310.”
19446 level never came into the picture today, but 19310 looked quite vulnerable for a breach today. The open was in line and then we had a strong RED candle. From there the recovery went till 11.35. The next 3 candles took out only 61pts, but it seemed like we would have a retest of 19310 levels today. The selling stopped suddenly at 11.50 and we recovered all the lost points.
On the 1hr chart, things are looking still in favor of the bulls. The first Laxman Rekha to defend is 19310. For tomorrow, I wish to change my stance to neutral if 19446 is not getting broken in the opening 2 hours. I would love to go bearish if 19310 support is broken because today there were some signs of fatigue.
Nifty Live Intraday Updates for 07-11-2023 !! Nifty important levels to watch are as follows
#Support: 19350
Sell below: 19350 only on 15 minute candle closure below the level.
Target 1: 19300
Target 2: 19230
#Resistance: 19425
Buy Above: 19425 only on 15 minute candle closure Above the level.
Target 1: 19470
Target 2: 19540
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 06-11-2023 !Nifty important levels to watch are as follows
#Support: 19310
Sell below: 19310 only on 15 minute candle closure below the level.
Target 1: 19270
Target 2: 19220
#Resistance: 19360
Buy Above: 19360 only on 15 minute candle closure Above the level.
Target 1: 19390-19400
Target 2: 19440
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
6th Nov ’23 - Show of strength today - Nifty PostMortemNifty Analysis
Recap from yesterday: “On the 1hr TF, Nifty has made an odd-looking W pattern, technically its a bullish sign but we need confirmation of the same by taking out the 19310 resistance soon.”
A look at the chart will make you a believer in technical analysis. We required a gap-up to go past the 19310 because bulls could not win over the bears during trading hours - you could see that on the 2nd and 3rd Nov - read here. Once you have a gap-up, the dynamics change and the bears cede control quickly.
We tested the 19310 support twice, the 1st candle as well as the 11.05 candle. Since it was a rejection - the only way Nifty could go was up. Once BankNifty also started participating, the pace picked up by the afternoon. We did not test the next resistance of 19446 - maybe we will have another gap-up tomorrow at those levels.
This is not the first time Nifty has jumped levels via gap-ups. It has become highly predictable these days. When the big boys do a gap-up, the poor retail trader will have to run for cover. A short covering will further fuel the fire. For tomorrow, I wish to maintain the bullish stance with the first target of 19446 and then 19576. If we are going down, the first level to watch will be 19310.
NIFTY prediction analysis for 6th NovNIFTY is moving in the rectangle Pattern which shows the higher HIGH and higher LOW.
on Friday market opened HIGH on the price-action resistance but could not break it to upside it consolidated whole day in a small range a bad day for option buyers. if NIFTY could break the resistance to upside then it can give a potential move for buyers.
Nifty seems neutral so far.
Reasons :
EMA 50, 200 as a nice support point. (Bullish)
Price-action Resistance to upside. (Bearish)
RSI <40,60> (sideways moment)
likely to take support 19075
PCR = 0.79 (Neutral)
Verdict :
Neutral
Plan of action :
wait for nifty to break rectangle inside rectangle go only for selling NO OPTION BUYING.
Nifty Live Intraday Updates for 03-11-23 !Nifty important levels to watch are as follows
#Support: 19235
Sell below: 19235 only on 15 minute candle closure below the level.
Target 1: 19175
Target 2: 19110
#Resistance: 19265
Buy Above: 19265 only on 15 minute candle closure Above the level.
Target 1: 19300
Target 2: 19345
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our Indicators published on tradingview if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
NIFTY prediction analysis for 3rd NovAs we discussed nifty, it was expiry yesterday and was most of a sideways move. For the new week, it has some resistance to the upside, such as 200 EMA and price-action resistance. Once it breaks to the upside, we will see a significant move to the upside.
Reasons :
NIFTY is showing nice demand near 19000. also 50 EMA support to downside. (Bullish)
Price > EMA(13,50) also crossover successful. (Bullish)
PCR = 0.82 (Mild Bullish)
RSI crossing (40,60) ZONE to upside means entering bullish zone.
Verdict :
Bullish
Plan of action :
Observe the 15 min trend and go with the bullish trend.
#nifty direction and levels for NOV 3"Good morning, friends! As of November 3, the global market sentiment is bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a long gap-down start because the gift nifty indicates 100+. If it opens with a long gap-up, we can expect a rally continuation when it sustains. On the other hand, if it doesn't sustain after the gap-up and undergoes a minimum 38% Fibonacci correction, we should consider this as a corrective change."
Nifty Live Intraday updates for 02-11-2023 !Nifty important levels to watch are as follows
#Support: 19105-19100
Sell below: 19105-19100 only on 15 minute candle closure below the level.
Target 1: 19060
Target 2: 19000
#Resistance: 19165
Buy Above:19165 only on 15 minute candle closure Above the level.
Target 1: 19210
Target 2: 19265
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nifty Live Intraday Updates for 1-11-23 !!Nifty important levels to watch are as follows
#Support: 19060
Sell below: 19060 only on 15 minute candle closure below the level.
Target 1: 19010
Target 2: 18960
#Resistance: 19100
Buy Above: 19100 only on 15 minute candle closure Above the level.
Target 1: 19145
Target 2: 19200-19230
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#nifty direction and levels for NOV 1st"Good morning, friends! As of November 1st, there is no significant difference between the last session, and the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. There is a 5th correctional wave, so if the gap-down sustains, we can expect correction continuation. On the other hand, if a pullback occurs followed by a gap-down, we can anticipate a range market between yesterday's high and the Fibonacci level of 61%."
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.
31st Oct ’23 - Unusual Opening 5mts Candle - Nifty PostMortemNifty Analysis
Recap from yesterday: “Even though we added 93pts today, I have still not changed my stance to bullish. 19226 is my first level to watch out which coincides with the 38.2% retracement level of the recent fall. Then the most important zone of 19310. Ideally, I wish to go long only if the 19310 resistance is taken out.”
The open (19233.7) was quite strange, a mega gap up right at the resistance level of 19226. If we had gone further up from there, I would have definitely changed my stance from neutral to bullish. Instead, we started falling. The gap was closed in 10mts and we went further south. By 10.40 we lost almost 168pts ~ 0.88%. Fortunately for the bulls, the fall stopped right there, even the close of the day was around those levels.
From 27th Oct I had a neutral call on Nifty50. Nifty closed at 19060 then, it is at 19086 today. Connecting the dots, what I still feel is we are waiting for the bearish momentum to pick up. A look at the 1hr TF with the Fibonacci levels will cement this thought.
Since we retraced the 38.2% level of 19226 today and the reluctance to go up might be confidence-building for the bears. Also the 23.6% level forms a base for further movements. The issue is that we cannot go outright bearish now, we need further proof of that. Ideally, the 18880 support has to be taken out and that too pretty quickly. Till then I wish to maintain my neutral stance.






















