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Niftytrend

16 Aug 2024 - Change in Stance to Bullish, Nifty up 174ptsLast week we discussed how Nifty was still in the bearish stronghold and then a break above 24389 was mandatory for a change in stance. 09 Aug 2024 - Nifty down 334pts, makes a 61.8% This week, Nifty not only broke the 24389 ~ 61.8% retracement level but went ahead and broke the 24525 ~ 78.6% level too. This double break has prompted me to go bullish, but there is one catch - BankNifty is still flat though. The momentum has come from the IT sector this time. On Friday, 16th alone - we had an intraday rally of 359pts ~ 1.49%. I thought the Monkey Pox (mpox) news might weigh in and the markets may remain flattish, but the rally still continues to amuse me.  Regarding the mpox, I was quite worried about the below article from WHO. How many of you think we may have another round of lockdown? This time the public may turn against the government for ruining their livelihood and enforcing vaccine mandates. Markets are not pricing in this news yet, or the news has probably not reached the threshold to create panic. I also feel the US markets may react first and then us. "WHO Director-General declares mpox outbreak a public health emergency of international concern" Nifty has managed to go up 174pts ~ 0.72% for this current week, the ATH is still 500pts away but the bullish momentum may help us close the gap. I personally feel we may not go higher than 24800 till the 22nd. Our stance is bullish.
NSE:NIFTYLong
by viswaram
NIFTY Intraday Trade Setup For 19 Aug 2024NIFTY Intraday Trade Setup For 19 Aug 2024 Bullish-Above 24570 Invalid-Below 24520 T- 24850 Bearish-Below 24330 Invalid-Above 24380 T- 24100 NIFTY has closed on a slight bullish note with 0.71% gain last week. Index finally gave breakout of 24400 and 24000 daily TF range. Fair chance of both gap filling in daily TF. However recent sentiment was bearish so incase if index closes below 24400 in daily TF then chances of a false breakout will be high. Tomorrow we will plan a bullish trade above 24570 but considerable on a pullback breakout setup. 24330 will be an intra support. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24570 then we will long for the target of 24850. For selling we need a 15 Min candle close below 24330. T- 24100. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Levels | 16-AUG-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 !
NSE:NIFTY1!
by ReviveTraders
BANKNIFTY Intraday Trade Setup For 16 Aug 2024BANKNIFTY Intraday Trade Setup For 16 Aug 2024 Bullish-Above 49960 Invalid-Below 49850 T- 50415 Bearish-Below 49650 Invalid-Above 49760 T- 48900 BANKNIFTY has closed on a slight bearish note with 0.21% cut today. On Wednesday it was total sideways. Daily candle is more or less a spinning top, now weather it can spin the ongoing trend on the last day of the week is to be watched. If 50k is reclaimed then there is fair chance of a pullback/ up move. Below 49650 index will breakout hourly range and a big length fall will be on card. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49960 then we will long for the target of 50415. For selling we need a 15 Min candle close below 49650. T- 48900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 16 Aug 2024NIFTY Intraday Trade Setup For 16 Aug 2024 Bullish-Above 24200 Invalid-Below 24150 T- 24400 Bearish-Below 24090 Invalid-Above 24140 T- 23900 NIFTY has closed on a flat note on Wednesday, formed a tiny daily candle of less than 100 points range. Since its a neutral candle we cant be biased. We will simply wait for that 100 points range to broken either side. 24200 and 24090 is the range for Friday. In daily TF NIFTY has maintained range of 24400 and 24000. Next week we may get a breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24400 then we will long for the target of 24400. For selling we need a 15 Min candle close below 24090. T- 23900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Advanced Data Base Option's Trading #NSE #BSEInstitutional options trading refers to the buying and selling of options contracts by large entities such as banks, pension funds, hedge funds, mutual funds, and other institutional investors. These institutions accumulate funds from various investors to trade on their behalf. Options are financial derivatives that give the holder the right (but not the obligation) to buy (call option) or sell (put option) an underlying asset (such as stocks, commodities, or currencies) at a predetermined price (strike price) within a specified time frame (expiration date). Here are some key points about institutional options trading: 1.Institutional Traders vs. Retail Traders: *Institutional Traders: These traders manage accounts for institutions or groups. They trade larger volumes and have access to more exotic products, including complex options. *Retail Traders: These traders operate personal accounts and typically trade smaller sizes of assets. 2.Advantages of Institutional Trading: *Access to a wide range of financial instruments, including exotic options. *Ability to execute large trades efficiently due to their substantial funds. *Influence on market prices due to their significant trading volumes. 3.Service Providers Used by Institutional Trading Firms: * Bloomberg * Thomson Reuters * Factset * Marketwatch 4.Educational Requirements and Job Opportunities: *Becoming an institutional trader often requires a strong educational background in finance, economics, or related fields. *Job opportunities include roles in trading, risk management, and portfolio management. 5.Earnings: *Institutional traders can earn substantial salaries, but compensation varies based on experience, performance, and the institution. Remember that institutional trading strategies involve careful analysis, calculated moves, and a long-term perspective, as these traders significantly impact market dynamics.
NSE:BANKNIFTYEducation
by Optionclub
5
Nifty Intraday Support & Resistance Levels for 14.08.2024On Tuesday, Nifty opened flat but slipped below the previous day's low, ending the session at 24139 with a loss of 208 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near Demand/Support Zone (15m): 24079 - 24118 (tested yesterday) Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077 Major Demand/Support Zone (Daily): 23350 - 23667 Resistance Levels: Near Supply/Resistance Zone (30m): 24268 - 24330 Far Supply/Resistance Zone (75m): 24381 - 24444 Far Supply/Resistance Zone (30m): 24686 - 24745 Far Supply/Resistance Zone (75m): 24754 - 24835
NSE:NIFTY
by PriteshPal
#Nifty directions and levels for August 14th.Good morning, friends! 🌞 Here are the directions and levels for August 14th. Market Overview Global markets have been maintaining a range-bound movement, while our local market shows a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start because the SGX Nifty indicates a positive 30-point move as of 8:00 AM. Yesterday's Movement: In the previous session, Nifty Nifty experienced drastic drops. However, if you take a broader view of the charts, these movements occurred within a range-bound market. Why does this matter? Because if the market rejects any of the support levels, a solid bounce might occur. So, what about today? I’m highlighting two possible scenarios: 1st Scenario: >Even if the market opens with a gap-up, structurally it may not sustain. If this happens, we can expect the correction to continue towards the levels of 24,079 to the 78% Fibonacci level, to the demand zone when it breaks the previous day’s low. >After that correction, if the market finds support around the major support levels, we might see a 23% to 38% bounce back. However, this bounce is not guaranteed; if it doesn’t occur, the correction may continue with minor consolidations. 2nd Scenario: If the gap-up sustains structurally, we can expect an initial bounce back of 23% to 38%. Usually, sharp movements bounce back within this range. If the price gets rejected at this level, the major trend will likely continue. However, if it breaks the 38% Fibonacci level solidly, the current movement may shift to a range-bound market. But the probability of this is less likely. These are today's expectations.
NSE:NIFTY
by Manickamtraders
7