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)
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Niftytrend
Nifty Intraday Support & Resistance Levels for 16.08.2024Support Levels:
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
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.
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.
Bandhan bank ka bandhanBandhan bank seem to continue in negative or sideways mode, considering the last quarter results, it should stay above 220 range, but the not being part of MSCI index seem to be leading the downtrend, which may continue till this month-end, but lower side should be 170-175,
this is only for education purpose, do your own research.
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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:
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2.Advantages of Institutional Trading:
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3.Service Providers Used by Institutional Trading Firms:
* Bloomberg
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Remember that institutional trading strategies involve careful analysis, calculated moves, and a long-term perspective, as these traders significantly impact market dynamics.
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
#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.
NIFTY prediction for tomorrow 14 Aug 24NIFTY has shown a full sell-off today after the Heisenberg report on the SEBI chairperson.
If we look at the chart now:
The market is trading near the support area of 24000. The market has been receiving good support from this zone and is expected to take it again. However, as the market has bearish sentiments right now, it might break the level and continue the bearish momentum till 23500.
Support levels: 23980, 23506
Resistance levels: 24441, 200 EMA, 24696
If we look at the OI data:
PCR = 0.55 shows bearish market behavior. There has been a huge PE sell-off today, which shows bulls are not trusting the market anymore and come out. There is too much CE writing at higher levels than PE writing at lower levels, which shows a high chance of a bearish market in the upcoming session.
I am expecting the market to follow 3 cases which are marked on the chart.
Case 1 : If it breaks to the downside, it might take minor support at 24000, but it breaks to the downside and can give huge targets till 23500.
Case 2 : If 24000 holds, it might get stuck in a range of 24000-24200.
Case 3 : If it stays in the channel, it can become bullish and have targets of 24441.
Reason:
RSI < 40, showing the market is going to be in a bearish structure.
The Price is trading in a good support zone. It takes support and might end up sideways.
PCR = 0.53 shows that the market is huge Bearish.
Price < VWAP shows a Bearish market structure.
Verdict: Bearish or Sideways.
Plan of action:
Wait for 15 min candle. Wait for good price action on the 24000 levels, and make your positions based on cases accordingly.
Nifty50 weekly expiry analysis for14/08/24.Nifty is trading in a parallel channel and is around the support trendline. From the last week sell the markets recovered and are now again around the lower levels.
Daily 20 ema has been creating a resistance for the market and a good rejection is seen from that level.
Even on the smaller time frame, market is trading below the moving averages, which signifies a bearish market.
Fibonnaci and the price action are also looking bearish on the daily charts.
Tomorrow is the weekly expiry for both the indices and a chance of seeing a follow through candle are there, if there is a flat to slight gap up opening (around 24150-180).
A huge gap up will create confusion and market may form a doji candle.
Major support levels :- 24090, 24000, 24910
Resistance levels :- 24225, 24320
Wait for the price action near the levels before entering the market.
#Nifty directions and levels for August 13th.Good morning, friends! 🌞 Here are the directions and levels for August 13th.
Market Overview
Both global and local markets have been trading within a minor range. Today, the market may open with a neutral to slightly gap-down start because the SGX Nifty is indicating a negative 20-point move.
Nifty Analysis
Nifty showing a diagonal pattern. In the previous session, nifty had significant swings, but it closed near neutral by the end of the day. If we simplify it, we can say it's a range market. However, structurally, it’s a diagonal pattern, and there’s no real difference between the two because both are time adjustment patterns.
So, we should wait for a breakout from this range, whether to the upside or downside. If it breaks out, we can expect only a minor trend initially because the structure suggests there isn’t a big move ahead. But if we see a solid breakout candle, then we can expect stronger momentum. This forms our basic structure. However, if the range isn’t broken, the market will likely continue moving within it.
Nifty Intraday Support & Resistance Levels for 13.08.2024On Monday, Nifty opened with a gap down but managed to recover over 250 points from the day's low, reaching a high of 24472.80 before closing slightly lower at 24347, down by 20 points. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways.
Support Levels:
Near Demand/Support Zone (15m): 24219 - 24266
Far Demand/Support Zone (15m): 24079 - 24118
Near Demand/Support Zone (75m) for Weekly Trade: 23960 - 24077
Major Demand/Support Zone (Daily): 23350 - 23667
Resistance Levels:
Near Supply/Resistance Zone (30m): 24686 - 24745
Far Supply/Resistance Zone (75m): 24754 - 24835
Nifty Intraday Levels | 12-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 !
#Nifty directions and levels for August 12th.Good morning, friends! 🌞 Here are the directions and levels for August 12.
Market Overview
Both global and local markets have been trading within a minor range. Today, the market may open with a neutral start because the SGX Nifty is indicating a positive 5-point move.
Nifty and Bank Nifty share the same range-bound market sentiment. Let's take a closer look:
In the previous session, both Nifty and Bank Nifty closed with consolidation after a significant gap-up. If the market breaks the previous high, then we can expect a minor rally, but not a big one. A big rally is expected only if the breakout occurs with a solid green candle and some consolidation around the immediate resistance level. However, if this doesn't happen, the market may reject at that level and continue in its current range, which is our first scenario.
Alternatively, if the market initially declines, the 38% Fibonacci level will act as a key support. If the market finds support there, the range-bound movement may continue. On the other hand, if it breaks below the 38% level, we can expect the correction to continue.