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Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways. crossing above 19893 will provide price a strong upward movementand it may easily reach 19957 and may retest or cross pass 20k. 19815 (Strong Support if takes support here go long and follow levels) below 19815 it may little week , but 19765 is another strong support you may short below 19815 (Chance of false breakout is high) but you can long from 19765 if it takes support.
NSE:NIFTY1!
by stoxway
Analyzing Nifty May Future Contract Expiry.As the Nifty May Future contract approaches its expiry date, traders and investors eagerly analyze various indicators to gain insights into potential market movements. In this article, we'll delve into the analysis of the Nifty May Future contract using two critical levels calculated by MRISKA DTS5: the Death Level and the Safe Level. These levels provide valuable information that can help traders make informed decisions and navigate the derivatives market with confidence. The Death Level, calculated by MRISKA DTS5, plays a crucial role in determining potential breakdowns in the market. It takes into account market depth data of the next future contract on the day of expiry of the current contract. For the Nifty May Future contract, the Death Level has been calculated as 17922. When the Best Ask falls below the Death Level in any upcoming trading session's last tick, it signals a significant probability of a breakdown and potential expiry below the Death Level. Traders need to closely monitor this level to gauge potential bearish trends and adjust their strategies accordingly. Alongside the Death Level, MRISKA DTS5 also calculates the Safe Level, which assists in identifying potential breakouts in the market. The Safe Level is determined using market depth data for the next future contract on the day of the expiry of the current contract. When the Best Bid surpasses the Safe Level in the last tick of a session, it indicates a high probability of a breakout and potential expiry above the Safe Level. Traders can leverage this level to identify bullish trends and capitalize on potential market upswings. Based on the MRISKA DTS5 analysis for the Nifty May Future contract, several key observations have been made. The Death Level for the contract has been calculated as 17922, indicating a critical level to watch for potential breakdowns. Additionally, the Safe Level, calculated using market depth data of 27-04-2023, was found to be 18232.35. On the 04-05-2023 session, the Best Bid surpassed the Safe Level, further supporting a bullish outlook till the contract's expiry in May. This information can provide traders with valuable insights into potential market movements, allowing them to align their strategies accordingly.
NSE:NIFTYK2023Long
by IndexAce
Nifty 50 Trading view for 05 May 2023Nifty50 closed at 18089 as there was selling pressure observed in metal, banking, and technology stocks. SGX nifty signals a neutral to gap down opening. Markets closed lower prior to the US Fed policy meeting. Strong buys from FIIs saved the day along with strong economic data. FIIs' cash purchase was 1338 CR and DIIs bought 584 CR (Net positive of 754) As expected, the US Fed declared a 0.25% hike in interest rates. They also pointed out that there could be a pause in future hikes. This is positive news and hopefully, a 0.25% increment would have already been factored in our earlier trades. But quite interestingly US stocks ended in the red, shedding their gains. This could be due to banking crisis worries and the debt ceiling (US govt payment obligations as of June 1st). Today the market is expected to be in the range of 18200 on the upper side and 17975 on the lower side. The overall sentiment is neutral to bullish, as Nifty has managed to stay afloat above 18000. As mentioned earlier, it's important for the index to retain its position above 18000 levels and cross 18233 levels to see further upside. Suggested to trade in limited quantities with strict stop loss or hedging strategy. Support and Resistance: Resistance: 1.64 CR Call OI buildup @ 18200 level. A huge call writing was observed at the 18100 and 18200 levels. Support: 1.22 CR Put OI buildup @ 18000 level (STRONG SUPPORT @ 18000 LEVEL) 17800 still seems to be a crucial support level (make or break level) Do keep a close watch on these levels and nearby strike prices to determine the next move in the market. It is important to keep a close watch on VIX as it dropped to 11.84 (0.48%). This index confirms risk sentiment in the market. Chart Pattern: A small red hammer was formed after six consecutive green candles. There could be possible consolidation or minor weakness observed in the next 1 to 2 sessions. Apart from 18000, 17900 also seems to be a crucial support for the index. Possible Trading Levels: UPSIDE TRADE: Buy only above 18120 >>>>> Buy ITM 18100 CE. (TGT 18180 | SL 18075) DOWNSIDE TRADE: Sell only below 18050 >>>>> Buy ITM 18100 PE (TGT 17980 | SL 18100) Things to account for 05 May 2023: 1. The Fed raised the interest rate by 25bps. A pause is expected in further rate increases as highlighted by the Fed. 2. DOW JONES Down -270.29, OR -0.80 PERCENT, AT 33414 despite opening positive 33,726.64. This can have a bearing on today's trade. 3. Corporate Results: Housing Development Finance Corporation, Hero MotoCorp, Adani Enterprises, Dabur India, Tata Power, TVS Motor, Sundram Fasteners, 360 ONE WAM, Aptus Value Housing Finance, Blue Star, Bombay Dyeing & Manufacturing Company, CEAT, FirstSource Solutions, IDFC, Jammu & Kashmir Bank, Mindspace Business Parks REIT, and United Breweries. 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:NIFTY
by SunilA75
1
HERO ZERO Calls for 27 APR 2023HERO ZERO call opportunity: NIFTY: If Nifty touches 17700 - Buy ATM 17700 both CE and PE (total premium put together should be within 80-90 Rs) If Nifty touches 17900 - Buy ATM 17900 both CE and PE (total premium put together should be within 80-90 Rs) 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:NIFTY
by SunilA75
1
Nifty 50 Trading view for 25 April 2023Nifty50 rose by 119 points yesterday based on good quarterly results of heavyweight banking stocks ICICI and HDFC. SBI and Reliance also contributed moderately to this rally. Today the market is expected to be in the range 17900 on the upper side and 17600 on the lower side. Short-Term Levels: Resistance: 0.80 CR Call OI buildup @ 17800 level Support: 1.29 CR Put OI buildup @ 17700 level (STRONG SUPPORT @ 17600 LEVEL) 17600 still seems to be a crucial level (make or break level) It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. Note that this being the last week of the monthly expiry followed by many companies declaring Quarterly results today and coming days, we can expect volatility in the market. Keep a close tab on VIX and make trading decisions accordingly. Overall sentiment seems slightly bullish, but it's important for the index to retain its position above 17600 levels and cross 18200 levels to declare a bull run. Chart Pattern: Also, the green candle stick pattern with a small head and long wick at the bottom is placed above the day's high and 200 DMA which denotes a bullish trend. There is still a bearish engulfing pattern seen on weekly charts which will be ruled out once the market breaks the 17865 levels. Do trade in limited quantities with strict stop loss or hedging options. Possible Trading Levels: UPSIDE TRADE: Buy only above 17760 >>>>> Buy ITM 17750 CE. (TGT 17820 | SL 17720) - Risky traders can TGT 17850 DOWNSIDE TRADE: Sell only below 17700 >>>>> Buy ITM 17750 PE (TGT 17650 | SL 17750) - Risky traders can TGT 17620. Things to account for 25 April 2023: 1. Quarterly corporate earnings report for several companies: Bajaj Auto, HDFC Asset Management Company, Nestle India, Tata Consumer Products, Anant Raj, AU Small Finance Bank, Dalmia Bharat, Elecon Engineering, Lloyds Metals and Energy, Mahindra CIE Automotive, Mahindra Lifespace Developers, Meghmani Finechem, Mahindra Holidays & Resorts India, Nippon Life India Asset Management, Rallis India, Tata Steel Long Products and VST Industries 2. Indusind Bank declared net profit jump of 46% 3. Mankind IPO launch today Price Range1,026-1,080 OPEN 25-04-2023 CLOSE 27-04-2023 Issue Size 4,326.36 Cr 4. HDFC Bank: Monetary Authority of Singapore (MAS) has granted approval for the acquisition of shares in Griha Pte. by HDFC Bank due to the proposed amalgamation. As a result, HDFC Bank will acquire a 20 percent or more stake in Griha Pte. The proposed amalgamation is subject to receipt of final approvals from SEBI in respect of the change in control of certain subsidiaries of HDFC. 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 50 Trading view for 24 APR 2023Nifty 50 rose quickly close to 1000 points over the past few weeks without any retracement until Thursday and Friday which showed some profit booking and long unwinding. This was expected as the resistance was quickly breached without retracement. Monday trade and the week are expected to be range bound between 17800 on the upper side and 17500 on the lower side. If either of these levels is breached, it can offer buy/sell opportunities. Short-Term Levels: Resistance: 1.62 CR Call OI buildup @ 17700 level (STRONG RESISTANCE AT 17700 LEVEL). Support: 0.84 CR Put OI buildup @ 17600 level. 17600 seems to be a crucial level (make or break level) Longterm levels: Strong resistance at 18500 levels (1.25 CR Call OI Buildup). There is also strong support build-up at 17000 levels (0.94 CR Put OI buildup) It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. Interestingly though VIX closed lower the index dropped, which calls us to watch VIX closely for further trades. Overall sentiment seems slightly bullish, but it's important for the index to retain its position above 17600 levels to regain strength in the index. Also, the candle stick pattern shows weakness from the buying side over the past week. Do trade in limited quantities with strict stop loss or hedging options. Wait for the aforementioned levels for pure positional trades. Possible Trading Levels: Important levels to keep in mind: 17800 on the upside and 17500 on the downside. Breach of any of these levels will further encourage positional trades. UPSIDE TRADE: Buy only above 17650 >>>>> Buy ITM 17600 CE. (TGT 17710 | SL 17600) - Risky traders can TGT 17750 DOWNSIDE TRADE: Sell only below 17600 >>>>> Buy ITM 17650 PE (TGT 17550 | SL 17650) - Risky traders can TGT 17520. Things to account for 24 April Thursday 2023 (Weekly Expiry): 1. Reliance results. This is expected to be positive news and can really impact trading on 24th APR. Yet to see how RNEL merger news might impact further during trading. 2. ICICI Bank Q4 Result was declared on the 22nd and standalone Profit jumped 30%. BSE closed 0.8% lower on Friday before the result announcement. This being positive news, stock can expect some buy on Monday. 3. Indusind Bank will declare results expected to be declared on the 24th. 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:NIFTY
by SunilA75
2
Morning Mantra - 21st March 2023Dear All, So, by making a low of 16828 and by ultimately giving us a closing of 16988.40 yesterday , Nifty had once again shown us a bounce back from around the stated level of 16800 , i.e., the same level on which a neckline formation is made. Also, after the two consecutive days of doji formation , yesterday's hammer pattern formation is somehow indicating that Nifty can show us a bounce back from current level. So as of now, keep following the cherry picking strategy and wait for a closing of above 17180 for any aggressive buying with the stop loss of 16800 on closing basis. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Simple Trade Setup | NIFTY | 23-02-2023 [INTRADAY]NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 23-02-2023 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
Nifty spot chart analysis for 20.02.2023Nifty is standing just inside a strong resistance of 17976. if nifty moves above 17976 then it may also cross 18020 and may reach to the level of 18067. between 18067 to 18111 is an Extremely strong resistance. if nifty crosses over 18111 then it may reach to the level of 18160. if nifty moves down below 17926 then it may also cross 17880 and may reach to the level of 17829. if nifty moves down below 17829 then it may take support on 17780. If nifty crosses down 17780. then it may take bounce back from bounce back zone. IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18020 AND REACH TO THE HIGHER LEVELS.
NSE:NIFTY
by stoxway