#nifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
Niftyview
Short is the call - Nifty 50This is single leg counting of nifty 50.
Starting from March 2023 lows till last trading day.
Some may count it as 1-2-3-4-5 but I am marking it as WXYXZ bcoz what I have read in books.,
this whole rise doesnt satisfies impulsive wave counts and hence marked as combinations of abc which eventually turned out to be WXYXZ.
Which means, if u consider this single leg which started from march lows, one cycle (5 wave count be it 1-2-3-4-5 or wxyxz ) is completed here and we should see some decent correction now.
Lets see how it goes but I am now not looking for any more ATH from here.
Will keep updating as and when required.
All the best.
Stay alert !!!
NIFTY - Target - Levels - 20.09.2023.Nifty Spot : 20133.35. Option Strike : 20150 CE & 20150 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day.
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point
6. Stop Loss Is Must..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
4. 4 Types Of Fibinacci Retracement Levels (High To Low, Low To High, Long & Short),
5. Techninal View On Break Even Point.
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.
7. Market Moves in UpTrend or DownTrend.
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
18 Sep ’23 Post Mortem on Nifty - short below 20070Nifty Analysis
Recap from yesterday: “For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.” . Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short.
On Friday SPX closed -1.22% down sending a strong negative message, but it seems like our markets were not afraid. The pre-open today showed a -0.23% probable open - but the real open was just 0.04% down. The first candle swung to a low of 20121 which was respected till 15.15. Just imagine - a market that doesnt get bothered by what is happening globally. Even though over-valued, over-extended rally - still no fear of a fall or correction. There is something special about Indian stock markets.
I was almost out of words for this tweet - not just small and midcaps but even the large caps are overbought.
On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday - I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.
Nifty levels - Sep 20, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty Trade Setup for 18-09-2023Nifty important levels to watch are as follows
#Support: 20165
Sell below: 20165 only on 15 minute candle closure below the level.
Target 1: 20110
Target 2: 20050
#Resistance: 20225
Buy Above: 20225 only on 15 minute candle closure Above the level.
Target 1: 20260
Target 2: 20310
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#nifty"Good morning! As of September 18th, global market sentiment is slightly turning negative, primarily based on the performance of the Dow Jones. The market trend is moderately bullish; it may open with a slightly negative gap. After that, if it takes support around the immediate support zone, then we can expect the range market to continue rallying. However, if it breaks the immediate support level, the correction is likely to continue."
Nifty weekly analysis for 18/09/23.Nifty has given a nice marubozu candle on the weekly time frame with a good volumes.
On the daily time frame, there is a RSI divergence and there is a good volume on the closing day.
There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher.
On the hourly time frame, the market is still sustaining itself above the moving averages and took good support around 20150 levels.
Nifty took support from the 20 ema, 15 minute charts, and has closed near the levels. The two closing candle are showing good volume and creating confusion as they have closed in red.
Support :- 20140, 20110, 20060
Resistance :- 20200, 20310
The market are on the top and are stretched enought to give a retracement.
Wait for the price action near the levels before entering the market.
15 Sep ’23 Post Mortem on Nifty - Crazy last 30mts in HDFC & RILNifty Analysis
Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues and people continue to pour money. Nifty Energy, FMCG, Metals did not close in the green today. ONGC had a super start but gave up all the gains soon. The real question now is - Does Nifty have more firepower to continue the rally?
Two instances of pull back stands out today, first at 12.05 to 12.30 period and then 15.05 to close. The 2nd one looked more dangerous than a casual profit booking. I was watching the price fluctuation in RELIANCE and HDFCBK - the volumes and swings were pretty unusual.
Both of them fell from the high of the day, RELIANCE even hit the low of the day in this period. Brutal swings accompanied by huge volumes - most likely a news flow driven price action.
On the 1hr TF Nifty has gone almost vertical for the last 900pts. Ideally it would be good if it consolidates at these levels. If the consolidation doesn't happen - there is a high risk of fall. For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.
Nifty levels - Sep 18, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#nifty"Good morning! As of September 15th, there is no significant difference compared to the last session. Global market sentiment remains neutral, primarily based on the performance of the Dow Jones. The market trend is moderately bullish, with a possibility that it may open with a neutral to slightly bullish gap. If the market subsequently breaks the previous high, we can anticipate a rally continuation with minor consolidation. On the other hand, if the gap-up doesn't sustain, we can expect the market to enter a correction phase."
14 Sep ’23 Post Mortem on Nifty + Weekly Expiry AnalysisNifty Weekly Analysis
Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000.
Nifty Daily Analysis
Recap from yesterday: “I expect the expiry to be above 19989 if we still have the bullish sentiment. I wish to stay 50% neutral and 50% bullish for tomorrow and would like to go 100% bullish once the swing high of 20110 is taken out.” Since we hit a new ATH by 09.40 today and because it was above my bullish level of 20110 I had to go long today. I rolled up my PUT positions from 19900 to 20000 for protection.
I am quite relieved that the 20000 PE expired out of the money otherwise my bullish bias would have been proven wrong. Meanwhile the CE long option was rolled over for the next week’s expiry.
The bullish momentum lasted only till 09.45 after which we were falling quite strongly. All the 5mts candles from 09.50 to 10.15 were in red. The 20000 PE option I had taken did appreciate more than 175% but I somehow decided not to exercise.
We closed at just 0.16% gains, so quite relieved that yesterday's analysis played out okay. Regarding the option prices - the OTM premiums were not attractive for an expiry day options seller. This is the 2nd expiry we had after decoupling banknifty from nifty.
With the current VIX scenario - the only route to make money for OTM option sellers is to shuffle the positions between banknifty or nifty or finnifty depending on the abrupt jumps in premiums due to lack of liquidity. I will try to write out an article by this weekend explaining the concept with examples.
On the 1hr TF Nifty has made a healthy upward pattern and as discussed over the last 2 sessions - a consolidation at the current levels will give it some stability. Parallelly since we took the ATH - a part of it would want to break free as that is the path of least resistance. If you are a bear - the only way you could fight back in is to close Nifty below 19989 or get a quick swing below 19960.
I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
Nifty levels - Sep 15, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
Nifty daily analysis for 15/09/23.Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market.
It has closed around 20100 levels and there were no opportunities in the second half of the trading session.
On the hourly charts, nifty tried to test the 20 ema but reversed before testing it. It traded in a range on 60-70 poinnts in the second half.
The markets are losing strenght as there is a RSI divergence on the daily charts and even on the hourly charts there is a bearish divergence.
Watch for a market and it would be wise to carry less quantities in bullish trades.
On 15 minute time frame, after the initial profit booking market traded around the 20 ema and expired near the previous day close.
Support :- 20060, 20020, 19950
Resistance :- 20110, 20200
Wait for the price action near the levels before entering the market.
#nifty"Good morning! As of September 14th, there is no significant difference between the last session. Global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our target at the next resistance level. Otherwise, the range will likely continue."
#NIFTY Intraday Support and Resistance Levels - 14/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20100 level and then possible upside rally up to 20220 in today's session. in case nifty trades below 20050 level then the downside target can go up to the 19930 level.