#Nifty"The global market indicates a neutral to slightly negative start. Market nature is moderately bearish.
Niftytomorrow
#Nifty"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."
Nifty 18000 coming soon....Most probably wave (iv) is completed at 17574 and wave (v) projection range is given in chart. As long as nifty is trading above 17478, upside bounce towards 17955-18191 is possible.
#Nifty"Trading day, April 17th: The global market is indicating a negative start, but the market nature is bullish. It may start with a gap-down. After that, if the market consolidates, that's a sign of a rally continuation. On the other hand, if the market reaches the previous spike, it may lead to a correction."
Weekly Expiry - Nifty 50 - Trading Strategy 13 APR 2023Great Rally today in both Nifty and Bank Nifty.
Nifty 50 has quickly covered the psychological barrier of the 17800 level which is crucial for 18000+ levels.
Resistance: 1.32 CR Call OI buildup @ 18000 level. followed by 91.4 L Call OI buildup @ 17900 level. (STRONG RESISTANCE AT 18000 LEVEL).
Support: 1.06 CR Put OI buildup @ 17700 level. followed by 1.05 L Put OI buildup @ 17600 level.
It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market.
VIX as of today has ended lower, which confirms the positive direction of the market.
Also, the candle stick pattern with a higher High and Higher Low plus a GREEN candle with a bottom shadow signals further upside tomorrow. It is better to trade in limited quantities with strict stop loss or hedging options though the market seems bullish and FIIs have been buyers in the past sessions.
Possible Trading Levels:
UPSIDE TRADE:
Buy only above 17850 >>>>> Buy ITM 17800 CE. (TGT 17900 | SL 17800)
DOWNSIDE TRADE:
Sell only below 17800 >>>>> Buy ATM 17850 PE (TGT 17750 | SL 17850) - Risky traders can TGT 17730.
Things to account for 13 April Thursday 2023 (Weekly Expiry):
1. India's Inflation rate is 5.66% YoY vs 6.44% YoY last year. This is positive news.
2. US inflation rate is 5% vs 6% last year. This will bring great relief as FED inflationary measures of the rate hikes will be possibly curtailed. This is again positive news for the economy and markets.
3. TCS Q4 Results declared and Profit jumps 15% YoY. A dividend declared of 24 per share. Positive News.
4. Weekly Expiry Day for Nifty and Bank Nifty.
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!!!
#Nifty"Trading day, April 13th: The global market is indicating a neutral to slightly negative start, with a moderately bullish market nature. It may begin with a neutral sentiment similar to yesterday's structure. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. However, if the pullback occurs slowly and consolidates, it could indicate distribution and a correction may be expected when it rejects the major resistance zone. Conversely, if the initial market declines sharply, a correctional wave is likely, and the market should 38% fib level. If the market breaks 38%, we can expect a minimum of 78% to the extension level of 1.27. On the other hand, if the decline doesn't break 38%, it could be a sign of a range market and a continuation of the rally."
Nifty 50 @ 17700 - Make or Break level? READ to know MORE....
Today's Rally was due to buying in Auto, Banks and metal stocks. Also FIIs bought 343 Cr while DII dumped 264 Cr, though the net was positive (79Cr.)
Nifty 50 has reached a crucial level 17722. There is a tough fight between bulls and bears at this level to mark their dominance.
Total Call OI: 6.66CR
Total Put OI: 6.55CR
Bulls are relatively a little strong, but the difference is not much. 17700 strike following are the Call OI and Put OI.
Total Call OI: 91.85CR
Total Put OI: 1.14CR
It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market.
VIX as of today has ended lower, which confirms the positive direction of the market.
Also, the candle stick pattern with a higher High and Higher Low plus a small body with a long bottom shadow signals a positive opening with an up-move. But as I mentioned, the market is still at a crucial juncture, and better to trade with limited quantities with strict stop loss or hedging options, until the levels are established clearly for further trades.
Possible Trading Levels:
UPSIDE TRADE:
Buy only above 17750 >>>>> Buy ITM 17700 CE. (TGT 17800 | SL 17680)
DOWNSIDE TRADE:
Sell only below 17700 >>>>> Buy ATM 17700 PE (TGT 17650 | SL 17740) - Risky traders can TGT 17600.
Things to account for 13 APR 2023:
1. HDFC Bank: The country's largest private sector lender has proposed to raise funds worth Rs 50,000 crore via bonds over the next 12 months through private placement. The board will consider the said proposal on April 15. This is after SBI recently announced raising funds via bonds. This means more cash flow for banks in the coming days, whereby lending activities will be intensified. This can be positive news for the stock and Bank Nifty.
2. The upcoming CPI inflation data is expected on Wednesday to be @6% which is the upper tolerance level for RBI. This will be positive news if it remains up to 6%.
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!!!
#Nifty"Trading day, April 12th: The global market indicates a neutral start with a bullish sentiment. If the initial market takes a sharp pullback, we can expect a rally continuation. and if the pullback takes place slowly and consolidates, that's a sign of distribution, and we can expect a correction when it rejects the major resistance zone. On the other hand, if the initial market declines sharply, we can expect a correctional wave. that should break fib level 38%. and if the market breaks 38%, then we can expect a minimum of 78% to the extension level of 1.27. or if the decline doesn't break 38%, that's a sign of a range market to rally continuation.
Nifty-11/04/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
Nifty-11/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 17640 - 17649
Possibilities of Today market open...
Possibility 1: FLAT
If market open as a FLAT and moves to UP-SIDE then BUY with the Support of IMP and SELL with the Rejection of IMP.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
Possibility 2: GAP-UP
If market open as a GAP - UP and moves to UP - Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
(or)
If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
Possibility 3: GAP-DOWN
If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of PDL.
(or)
If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S.
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM
-------------------------------
0.5-> 0.5% Swing
PDH-> Previous Day High
PDL-> Previous Day Low
PDC-> Previous Day Close
PDO-> Previous Day Open
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
D_S-> Day Support
D_R-> Day Resistance
W_S-> Week Support
W_R-> Week Resistance
W_O-> Week Open
W_C-> Week Close
LW_O-> Last Week Open
LW_C-> Last Week Close
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
MS -> Major Support
SH -> Swing-High
SL -> Swing-Low
DT -> Double Top
DB -> Double Bottom
TT -> Triple Top
TB -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Nifty - Prediction & Intraday Levels for - 11 Apr 2023Nifty Tomorrow:
Nifty aligned with Negative Sentiment and made a Shooting star candle in Daily TF which indicates BEARISH Trend Reversal, however it depends on the close tomorrow.
Tomorrow Nifty likely to Open Flat / Small gap down, if any pull back to 17639 or 17685 levels are the Sell Entry points for 17500 & Lower targets.
BULLISH move possible only above 17700
Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Prediction & Intraday Levels for - 06 Apr 2023Nifty Tomorrow,
Being expiry day and Market Holiday on Friday my view is towards BEARISH (After a sharp rally we can expect some sort of Profit booking / Call Unwinding / PUT short Covering Fall tomorrow)
Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
NIFTY important support resistance areasNSE:NIFTY nifty is approaching the crucial trendline on daily time frame from which we have seen multiple huge corrective falls everytime nifty touched/entered the trendline zone,
there are two major resistancce zoneswhich are collinding with trendline which can possibly start the next corrective fall again if respected, 1st resistance zone is between 17530/17565 and the next and last one which is more crucial to decide corrective fall or breakout upside is bewteen 17622/17620,
current/ next minor resistance for nifty is between 17412/17450, if nifty opens inside/above this zone, then we can expect nifty hit the trendline's first resistance zone.
if nifty breaks and sustains abobe 17620 , then we can expect a move till 17780/17810.
if the resistance zone are respected then we can expect a corrective fall till 16800/16400 first.
Weekly Expiry - Nifty 50 - Trading Strategy 06 APR 2023
Nifty 50 broke the Resistance of 17500 and headed towards 17600. If Nifty continues to sustain over 17500 then the index will move from Negative to Neutral Bias. It has to cross 18000 to look positive. Resistance and support can be observed tomorrow at the following levels:
RESISTANCE
R3: 17790
R2: 17677
R1: 17613
SUPPORT
S1: 17500
S2: 17406
S3: 17342
TRADING STRATEGY for 06 APR 2023 - NIFTY 50:
Buy above 17570 - Take ITM 17550CE position and TGT 17640 SL 17530
Sell below 17500 - Take ITM 17550PE position and TGT 17450 SL 17550
Things to account for 06 APR 2023:
1. As explained in the previous post, tomorrow is the Repo rate announcement by RBI. The expectation is 25 basis point increase.
2. Weekly expiry
3. Friday being a holiday (Good Friday) carry forward position preferably if you are into option selling/hedging strategies (to benefit from Theta over holiday followed by weekends).
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 the financial advisor to assist you with investing or trading needs, please use the comments section.
HAPPY TRADING!!!
#Nifty"Trading day, April 6th: The global market indicates a slightly negative start. The market nature is structurally bullish, and the market may start with a neutral to moderately bearish opening. After that, if the initial market breaks yesterday's high, we can expect rally continuation. On the other hand, if the initial market declines sharply, then we can expect a correction. It should break the Fib level of 38%.
#Nifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
FASP levels for Nifty 05/04/2023The FASP for Nifty is listed for 05-04-2023. 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 - Prediction & Intraday Levels for - 05 Apr 2023Nifty - BULLISH with Positive Sentiment on Upside move.
BUY levels are 17380 / 17428 above for Targets 17500 & 17530.
SELL below 17335 for lower Targets.
Demand and Supply Zones - When price breaks the zones, Demand zone will become Resistance and Resistance zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
#Nifty"Trading day, April 3rd: The global market indicates a positive start with a bullish market nature. It may start with a neutral to slightly gap-up. Structurally, we can see the sub-wave 5 with divergence, so if the opening market doesn't sustain, we can expect a minor correction that will reach a minimum of 23 to 38% fib correction. On the other hand, if the initial market sustains the gap-up, we can expect the rally continuation."
FASP levels for Nifty 03/04/2023The FASP for Nifty is listed for 03-04-2023. 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"Trading day, March 31:The global market indicates a positive start, with a moderately bullish market nature. It may start with a gap-up, and after that, we can expect the rally to continue with minor consolidation. Additionally, there is a sub-wave 5 to watch out for. Once the market rejects with divergence, it might reverse. In my opinion, it may not be a big fall, so we can expect a minimum of 38% Fib correction."
Nifty intraday levels for 31.03.2023Resistance level:17233
Support level : 16999
****Fib Retracement levels will act as the support or resistance****
If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart.
If candles are sustaining between resistance and support levels, consider as neutral.
If candles are sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart.
If gap up or gap down opening, fib retracement levels will act as the support or resistance.
*** For quick scalping use 5-minute time frame*****
Note: Pls check my previous day ideas for back testing & better understanding
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
#Nifty"Trading day, March 29th: The global market indicates a slightly positive start with a moderately bearish nature. It may begin with a gap-up. If the market breaks the fib level 38%, we can expect a minimum Fib level of 61 to 78%. However, if the market sharply rejects that zone, it's a sign of correction, or at least a potential range-bound market. On the other hand, if the market breaks yesterday's low, we can expect a continuation of the correction."
#Nifty"As of March 28, the trading day is indicating a positive start, but the market nature is moderately bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a range market. On the other hand, if the market declines initially, we can expect the continuation of the correction."
