Nifty & Bank Nifty Analysis For Next Week 01-05 July 2024In this video, we'll discuss about Market's Last Week Movement and we will try to analyze Coming Week's probabilities in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
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Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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Niftytradesetup
Nifty Futures Intraday Levels | 28-JUNE-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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✍️COMMENT Below your view !
Nifty50 ( 28th June) 1/2There's a GAP pending below at 24050 to fill, if sustains above then bullish to above level 📈
If closing under 24050 in any hourly candle then bearish 📉 📉 to 23989 --- 23884
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD
A good falling detected on BANKNIFTY
It's showing a fall due to these reason
1. It's following THE 1D trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
Follow for more
BANKNIFTY SETUP TRADE WIH 1:5 RISK REWARD
A good falling detected on GOLD
It's showing a fall due to these reason
1. It's following THE 30 M trendline here
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
HOLD IT FOR NEXT DAY
CARRYFOREWRD
With a small amount
Stay connected
#Nifty directions and levels for June28th.Good morning, friends! 🌺🍬 Here are the directions for June 28th:
The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM).
Nifty experienced huge volatility in the previous session. Structurally, it has formed an ending diagonal pattern. It's in the 5th wave, so today, if the initial market declines, we can expect a minimum of 78% to swing low correction. However, it must break the minimum 38% Fibonacci level for us to consider it a correction. On the other hand, if it doesn't break the 38% Fibonacci level, it may consolidate a little and break the previous high, extending the diagonal further. This is the basic structure. I used the line chart because the wave patterns are easier to see with it; that's all, nothing apart from that.
The alternative scenario suggests that if the gap-up sustains and has a solid structure, the rally could continue further.
Nifty Futures Intraday Levels | 27-JUNE-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 !
1:5 RR Trade: Sell Nifty below 23877 with SL 24120, Tgt 22670Based on Wave Analysis and the Ichimoku 1-Hour Time Frame, we have a good short opportunity with a very small stop loss.
Time: 12:52 PM, June 27th, 2024
Current Market Price: 24,024
Why Short Entry at 23,877?
Wave Analysis: Nifty has completed waves 1, 2, 3, 4, and 5. Wave 5 hit 127% today at 23,899 and touched the 24,000 psychological mark. We will have the first sign of confirmation if Nifty drops below 23,898 and sustains this level for 1 hour. It has to go for a correction. We will be wrong if Nifty crosses our stop loss after the entry is triggered.
Trendline Breakout: When Nifty breaks 23,877, we will have a trendline breakout, which will be our second confirmation for short positions.
Selling call options or selling Nifty futures with a monthly OTM CE hedge is a good option.
We will keep updating more in the update section.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Nifty50 (27th june) 1/3If closing sustains below 23972 in hourly candle then 📉 📉 could test below price levels ( Long unwinding)
If any daily candle closing sustains above that red line or 24045 then bullish 📈 ( will update above levels if it happens)
23972 --- 24045. (NO TRADE ZONE )
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Intraday Trade Setup - Nifty Wave Analysis: Today's ExpiryNifty Analysis (15-Minute TF): June Monthly Expiry - 27-06-2024
Nifty is in the final leg of Wave 5. The third wave of Wave 5 was completed yesterday, and we are likely to see the 4th and 5th waves today.
Nifty might take the morning session for Wave 4 and the second half for Wave 5.
We have mentioned entry and exit points in the chart; please refer to it.
Buy Entry: 23,740-23,770
Average Place: 23,700-23,720
Stop Loss: 23,680 (very small stop loss)
Options Strategy:
Option Selling:
1. Strangle and straddle will work in the morning session.
2. Go for directional PE selling near our buy zone and sell more lots near the average place with the stop loss mentioned above.
Options Buying: We don't recommend option buying. However, if you try option buying, take the next week's expiry near our buy zone and keep a strict stop loss at 23,680.
Futures Buying: We can consider buying Nifty July Future with next week PE hedge too.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
Nifty50 (26th june) 1/2White trend line is imp.
If closing above 23789 in hourly 🕯 then 📈 📈 could test above resistance 23980 -- 24044
If any hourly candle closes below 23789 then 📉 📉 could test support on the Dash line or 23664
Disclaimer:
It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
NIFTY prediction for today 27 JUNAs we discussed, NIFTY opened sideways, retraced to the downside, and then gave a good bullish momentum to the upside to the target and resistance trendline.
If we look at the chart now:
The market is trading at the resistance level, where it showed a nice sell-off in the last hour yesterday. The price is still above the EMA(13, 50, 200), which shows the market's bullish nature. But last hour's sell-off shows 24000 as a strong resistance near resistance. RSI is also having bearish resistance.
Support levels: 23690, 23636, EMA(50), and Support trendline
resistance levels: 23890 and resistance trendline.
If we look at the OI data:
PCR = 1.27, which has reduced from 1.33, indicates that bears are slowly increasing their position at 24000. Bulls have written PE at each lower level nicely. Also, CE writers have held quite good positions at higher levels. 24000 is going to provide a strong resistance to higher levels.
I am expecting the market to make a double top structure and then fall from 24000.
Reason:
RSI = 70 shows bulls are strong, but RSI divergence might lead the market to some correction
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.27, which has changed from 1.33, indicates bulls are continuously increasing their position in the market.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Plan of action:
Note : after making a double top neckline break, you can go bearish.
Sell 24000 CE (Hedge it with 10/- premium CE)
#Nifty directions and levels for the June 27th.Good morning, friends! 🌺🍬 Here are the directions for June 27th:
There is no significant difference compared to the previous session. The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 55 points (as of 8:00 AM).
Yesterday, Nifty continued the rally. Both structures have the same extension variation, so there are no changes in the market sentiment. Today, GiftNifty is indicating a slightly negative start. If it opens like this, let's look at what might happen in Nifty.
>Structurally, it's a bullish market and both have an extension. According to the extension, if the market opens with a gap-down, it could retrace a maximum of 23 to 38%. After that, if it finds support there, the rally will continue with minor consolidation.
>However, the probability of a rally today is less compared to yesterday, as the sub-waves driving yesterday’s rally are now over. If the market finds support at either 23% or 38%, then it may close within the range.
>As per the wave structure, it could be in the 4th wave.
Alternatively, if the correction becomes aggressive, we should wait for confirmation. If the market declines sharply, it may consolidate around 38% or 50%. After that consolidation, if it breaks the previous low, we can expect the correction to continue. Otherwise, it may maintain the bullish sentiment.
(Note: If the market initially takes a pullback and breaks the previous high, then the rally may continue further.)
Nifty Intraday Support & Resistance Levels for 27.06.2024Nifty bounced from the 5m demand zone mentioned in the last post and rallied to a new all-time high of 23,889.90. Both the weekly and daily trends (50 SMA) are positive.
Support Levels:
Near small support/demand zone (15m): 23,716 - 23,743
Near support/demand zone (75m) for weekly trade: 23,671 - 23,754
Major support/demand zone (75m): 23,562 - 23,611
Currently, there is no supply zone seen on the chart.
NIFTY prediction for today 26 JUN As we discussed, NIFTY in the video market opened upside to the breakout and continued its momentum to the upside, breaking the resistance and further giving good bullish momentum.
If we look at the chart now:
The market has brake the resistance to the upside. Right now, the market is trading in the uptrending channel. I am expecting resistance from the resistance trendline. The price has yet to reach the level provided after the breakout. Now, there are two possible cases in the market. If it opens up, there can be a correction that can be seen in the market till EMA(13) or 23636. If the market opens near the support zone of 23636, then it can move further to the upside, continuing its momentum.
Support levels: 23636, Support trendline, and 23432
resistance levels: 23828 and resistance trendline.
If we look at the OI data:
PCR = 1.33, which has increased from 1.07, indicates a very bullish market nature. 23500 is MaxPain. On the higher side, there is not as much CE writing as writing on the lower side. The only good CE writing at a higher level is 24000. The market is completely in the bull's favor right now.
I am expecting the market:
Case 1 : if the gap opens down, it will take support at 23636 and continue bullish momentum.
Case 2 : if opens gap-up near the resistance trendline, it might correct itself by 23636
Reason:
RSI > 60 shows bulls are strong
Price > EMA(13, 50, 200), which indicates the bullish market.
PCR = 1.33, which has changed from 1.09, indicates bulls are continuously increasing their position in the market.
price > VWAP shows a Bullish market structure.
Verdict: Sideways or Bullish
Case 1 : if the gap opens down, it will take support at 23636 and continue bullish momentum.
Case 2 : if opens gap-up near the resistance trendline, it might correct itself by 23636
Plan of action:
Case 1 : Gap-down-> Sell 23500 PE (Hedge it with 10/- premium PE)
Case 2 : Gap-up-> Sell 23800 CE (Hedge it with 10/- premium CE)
Nifty - Intraday levels & Prediction for - 27 Jun 2024Nifty Prediction for Tomorrow:
Trend : BULLISH
Sentiment : Positive
Expectation : Sideways to Strong BULLISH
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty Futures Intraday Levels | 26-JUNE-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 !
Short Term Trading Opportunity in HCC for > 20 % UpsideHi,
NSE:HCC has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on Daily and Monthly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Don't Forget to Follow me to get all the updates.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
Nifty Intraday Support & Resistance Levels for 26.06.2024Nifty spent considerable time inside the 30m supply zone mentioned in the last post before breaking out around 12:30 PM and making a new all-time high of 23,754.15. Both the weekly and daily trends (50 SMA) are positive.
Support Levels:
Near small support/demand zone (5m): 23,675 - 23,689
Major support/demand zone (75m): 23,562 - 23,611
Currently, there is no supply zone seen on the chart.
#Nifty directions and levels for June 26th.Good morning, friends! 🌺🍬 Here are the directions for June 26th:
The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 10 points (as of 8:00 AM).
Nifty and Bank Nifty had a solid rally in the previous session. However, the structures are a little bit different. Let's look at each one individually.
Nifty had a solid pullback in the previous session, so if the market opens neutral to slightly gap-down, then structurally, we can expect a maximum 23 to 38% correction. If it finds support there, we can expect minor consolidation for the rally continuation. This is the basic structure.
On the other hand, if it breaks the 38% Fibonacci level on the downside, it may continue the correction further. Structurally, it could be in a flat correction.
(Note: If the initial market takes a pullback and breaks the previous high, then the rally may continue further. However, the momentum could be less, so we can't expect a big rally. If we want a big rally, it would require a solid candle breakout or a minor consolidation around the immediate resistance level.)
NIFTY Back in the Ascending ChannelNIFTY is back within it's short term ascending channel showing strong Bullish Trend continuation which may take it towards 23900.
However the momentum was primarily in HDFC and ICICI today, with other index heavyweights muted. There is selling pressure in IT and it may negate the View if it drags NIFTY below the marked trendline support.