#Nifty"The global market indicates a neutral to slightly negative start. Market nature is moderately bearish.
Niftytrendanalysis
#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."
#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."
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.
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-12/04/2023-LevelsHello Traders, Welcome to SriTrader5121
____________________________________
Nifty-12/04/2023-Levels
IMPORTENT ZONE FOR THE DAY : 17695 - 17704
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 PDH and SELL with the Rejection of PDH.
(or)
If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP.
Possibility 2: GAP-UP
If market open as a GAP - UP and moves to UP - Side then BUY with the Support of H-R and SELL with the Rejection of H-R.
(or)
If market open as a GAP - UP and moves to DOWN - Side then BUY with the Support of PDH and SELL with the Rejection of PDH.
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.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
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-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.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
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 )
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.
#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"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."
#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."
FASP levels for Nifty 28/02/2023The FASP for Nifty is listed for 28-03-2023. 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"As of March 27, the trading day is indicating a positive start, but the market nature is bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a pullback of at least 38 to 61% at a bearish outlook. On the other hand, if the market declines initially, we can expect the continuation of the correction."
#Nifty"Trading day, March 24: The global market is indicating a slightly negative start with a moderately bearish nature. It may begin with a gap-down. After that, we can expect a pullback around the immediate support zone. and we can use fib swing high to low. if it breaks the 38% fib level, we can expect a pullback to the 61 to 78% levels. On the other hand, if the market rejects the 38% fib level, we can expect a continuation of the correction."
#Nifty"Trading day, March 23: The global market indicates a neutral start with a moderately bullish nature, which may begin with a neutral tone. If the market breaks yesterday's high, we can expect the rally to continue. However, if the market declines, we can expect a minor correction that will reach a minimum of 23 to 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of a trend reversal, and it may reach the 61 to 78% Fib level."
#Nifty"Trading day, March 22: The global market indicates a neutral start with a bullish nature that may begin with a neutral to slightly gap-up . after that, If the market breaks 38%, we can expect a rally to continue. On the other hand, if the market rejects around 38%, we can expect a minimum of 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of trend reversal, and it may reach a 78% to swing low."
#Nifty"Trading day, March 21st: The global market indicates a positive start with a moderately bullish nature that may begin with a gap-up. After that, If the gap-up sustains, we can expect a rally continuation with minor corrections. On the other hand, if the initial market declines sharply, we can expect a range market or minor correction that should break the 61% Fib level."
#Nifty"Trading day, March 20th: The global market indicates a negative start, with a moderately bullish nature that may begin with a gap-down. If the market immediately takes a pullback, we can expect minor consolidation before the rally continues, and it should break the Fib level of 38%. On the other hand,. On the other hand, if the initial market declines sharply, we can expect a minor correction that will reach an immediate support level. If the market rejects this level, we can expect a pullback. However, if the market breaks that level, it could indicate a trend reversal."
