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Nifty 50 Trading view for 02 May 2023Nifty50 closed 18065 as FIIs cash purchase was 3304.3 CR and DIIs bought 264.3 CR (Net positive of 3568.6). SGX nifty signals a gap up. Today the market is expected to be in the range of 18100 on the upper side and 17800 on the lower side. Short-Term Levels: Resistance: 67.99 LAC Call OI buildup @ 18200 level Support: 99.1 Lacs Put OI buildup @ 18000 level (STRONG SUPPORT @ 17800 LEVEL - 88.45 LAC) 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's low (10.95%). An increment in VIX will indicate uncertainty in the market, further causing the Index to dip. Any negative news can impact this. The overall sentiment is bullish, but it's important for the index to retain its position above 17800 levels and cross 18233 levels to see further upside. Suggested to trade in limited quantities with strict stop loss or hedging strategy. Chart Pattern: The index witnessed a breakout from the cup and handle pattern on the charts. A large green candle with a short wick at the bottom indicates confidence in the market and further upside. Also, the index is above 200 DMA, which signals a positive sign. The index must cross the 18233 level to see a further upside of 18500. Possible Trading Levels: UPSIDE TRADE: Buy only above 18080 >>>>> Buy ITM 18050 CE. (TGT 18130 | SL 18030) DOWNSIDE TRADE: Sell only below 17980 >>>>> Buy ITM 18050 PE (TGT 17930 | SL 18050) Things to account for 02 May 2023: 1. FED set to raise Interest rates to 16-year high and debate a pause - as per WSJ projection. Any further increase in FED rates which is scheduled to be declared on 3rd May can impact the index. The Fed raised the fed funds rate by 25bps to 4.75%-5% in March 2023, matching the February increase, and pushing borrowing costs to new highs since 2007, as inflation remains elevated. The decision came in line with expectations from most investors although some believed the central bank should pause the tightening cycle to shore up financial stability. There could be speculation in the market today and tomorrow about the FED Interest Rate Decision. 2. DOW JONES Down -56.11, OR -0.16 PERCENT, AT 34042 despite opening positive 34,139.81. This can have a bearing on today's trade as further upside will be based on global cues. 3. U.S ISM MANUFACTURING EMPLOYMENT (APR) ACTUAL: 50.2 VS 46.9 PREVIOUS; EST 47.9. This is positive news. 4. U.S MANUFACTURING PMI (APR) ACTUAL: 50.2 VS 50.4 PREVIOUS; EST 50.4. This is positive news. 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
Simple Trade Setup | NIFTY | 28-04-2023 [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 28-04-2023 Most of all the levels and zones remains same as per previous. 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
Morning Mantra - 27th April 2023Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected to exist for this week, as we had already stated in the Monday’s Morning Mantra update. As of now, following the Cherry picking strategy and booking profit will be a good idea here. Furthermore, let us wait for 2 more trading days and keep our fingers crossed for a convictional weekly closing of above 17800. As only after that, we can expect to see the level of 18130 in the near term. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
FASP levels for Nifty 26/04/2023The FASP for Nifty is listed for 26-04-2023. 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.
NSE:NIFTYShort
by SathishChandrasekaran
FASP levels for Nifty 24/04/2023The FASP for BankNifty is listed for 24-04-2023. 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.
NSE:NIFTYShort
by SathishChandrasekaran
Morning Mantra - 19th April 2023Dear All, Just as we had stated yesterday itself, similarly following the impact of the Bearish Engulfing pattern , we did once again witness a supply pressure at the upper levels in Nifty, yesterday. Wherein, even after a gap up opening , we had witnessed a lower closing of around 17660 . So, ultimately it’s a very crucial situation in the Market as of now. Wherein Nifty is trading in between the levels of 17800 and 17300. So for the aggressive players , following the Cherry picking strategy will be a good idea here. While on the other hand, for the conservative players, a breakout of 17800 level will play an important role. Furthermore, to identify your risk profile (aggressive/conservative), you can consult your personal Financial Advisor . Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
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!!!
NSE:NIFTYLong
by SunilA75
FASP levels for Nifty 13/04/2023The FASP for BankNifty is listed for 13-04-2023. 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.
NSE:NIFTYLong
by SathishChandrasekaran
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!!!
NSE:NIFTYLong
by SunilA75
Simple Trade Setup | NIFTY | 12-04-2023 [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 12-04-2023 Most of all the levels and zones remains same as per previous. 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
FASP levels for Nifty 11/04/2023The FASP for Nifty is listed for 11-04-2023. 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.
NSE:NIFTYShort
by SathishChandrasekaran
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.
NSE:NIFTY
by SathishChandrasekaran
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.
NSE:NIFTYShort
by SathishChandrasekaran
Simple Trade Setup | NIFTY | Last week March 2023NSE: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 Last week of March 2023 Most of all the levels and zones remains same as per previous. 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
Morning Mantra - 24th March 2023Dear All, So, finally once again we had seen the magic of 17180 level . As even after making a high of 17205.40, Nifty had ultimately given us a closing of 17076.90 Today will somehow be a very crucial day, where the bulls are waiting for a closing of above 17180. Because for the past consecutive 2 days , Nifty tried its best to cross this Resistance level of 17180 . But had somehow failed on a closing basis. So, as of now, we are still with our words to continue following the Cherry Picking strategy, with the support of 16800 on a closing basis. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 23rd March 2023Dear All, After witnessing a gap up opening in Nifty yesterday, there was a hope that the Index might give us a closing of above 17180 . However, unfortunately that did not happen . Which, therefore, is a clear indication that the level of 17180 is still working as a strong Resistance for the Market.  Furthermore, we are still with our words, that aggressive buying should be avoided , until and unless Nifty gives us a closing of above 17180. As it is only after this breakout, that we can witness a significant uprise. Besides, we are still positive on the Market for the upcoming 8-9 days. So, in the meanwhile, keep following the Cherry Picking strategy with the support of 16800. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 20th March 2023Dear All, The Doji formations on two consecutive days , i.e., on Thursday & Friday, did gave us a little relief . Also, the support that Nifty took at 16850 on a weekly basis , was a comfort to witness. However, on the other hand, Nifty is still under pressure due to not being able to cross over the important level of 17180. So, as of now, it is advisable to adopt the cherry picking strategy, with 16800 as the support level. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
NIFTY 50 - MONDAY 20-03-23In the last few days, the Nifty50 has found support near 16800 and has risen to 17123. The hourly chart shows that Nifty's support level is around 16985-86. So, I'll keep my long position until the Nifty crosses 17000. According to my forecast, the index will reach 17250 within the next few days. The SGX Nifty is down significantly on Friday. The market is expected to open lower on Monday. However, it is an opportunity for swing traders to open a new long position. This video is for educational purposes only. Please make any investment decisions after consulting with your SEBI Registered Analyst or advisor.
NSE:NIFTYLong
by UnknownUnicorn39322609