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Niftyweeklyupdate

Nifty Demand and Supply Zones for the Next WeekAs I have mentioned in my pervious Nifty Post, Still Nifty is trading in the wide sideways zone. Sideways zone is most difficult to trade because it gives both side moves. Strong Demand Zone @ 10800-10880. Strong Supply Zone @ 11400 11250 to 11400 is a Sideways to Positive trade zone. 11050 to 11250 is a Negative Trade zone. below 11050 is a Strong Negative trade zone. 11250 is a critical level. If it will manage to sustain or close above 11250 then I may sell OTM put option. If it will manage to sustain below 11250 then I may sell OTM call option. If it will manage to sustain below 11050-11000 then I may take a short position in Fut and OTM call option. Thank x Have a great weekend :)
NSE:NIFTY
by Swapilchoksi
2
Nifty: Supply and Demand Zones for the Next week1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450. There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200 then, I may take a short position in 11000 put. 11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure. Thank x Have a gr8 Weekend :)
NSE:NIFTY
by Swapilchoksi
1
Nifty weekly analysisNifty is trading @11214. - There is a supply zone above this level @(11252-11290) if it manages to sustains this level then go for the target near 11380 level. - If it fails to sustain the level of 11200 then go short for the target near 11115. - If nifty didn't sustain 11100 level then go short for the targets of near about 11030 level as there is a demand zone @(11000-11027). - extreme levels on the both sides @(11462-11498) & @10855-10896) are the major supply and demand zones for this week.
NSE:NIFTY
by rvbhatt
Nifty: Will Wait for the Price Action ConformationHello, Right now Nifty is trading in the no trade zone. There are two important level for the Nifty: 1st: 11200 and 2nd: 11050 Importance of 11200 level : In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close above 11200 then there is a very high chance to see more upside. Importance of 11050 level : In intraday if Nifty will sustain below 11050 and close below this level then there is a very high chance to see more downside. I will wait for the price action conformation before I will take any side if trade. I will update further levels in this post after the price action conformation. Thank You :) Gr8 Weekend
NSE:NIFTY
by Swapilchoksi
4
My pervious Nifty's post title was: " Avoid Short Trade in NiftyMy pervious Nifty's post title was: " Avoid Short Trade in Nifty" As I have mentioned in that post Nifty made low near 10750, took support from it's demand zone and closed at day's high near its supply zone. My Next Week view: --- According to the demand and supply zones, Nifty closed near it's supply zone @ 10925-10985. So whenever it will sustain above this zone then again may show strong momentum on the upper side and will test next supply zones on the upper side @ 11050 and 11115-11145 zones. --- On the downside 10750-10800 will act as a strong support. I will avoid short trade in Nifty because it's very difficult to get follow through on the downside. --- According to the data there is strong OI buildup in put writing @ 10700 and max call writing @ 11200. Also there is a call buyer position in 10900 strike. I have a short position in 10600 call.(Shared this Trade in pervious Nifty Post). I will make a new long position above 10985. I may add more short position in 10600 call if Nifty will come to 10750-10800 zone. Daily I will update this post for my trades and other important updates. Have a Great and Safe Weekend Trade Well :)
NSE:NIFTYLong
by Swapilchoksi
NIFTY: Don’t Try To Predict the Stock MarketWhy I have mentioned that "Don’t try to predict the stock market" because last week I have updated my Nifty Weekly Post on Saturday and SGX Nifty was down by approx more then 100 points. But my trading setup was saying different story. I posted "Nifty: very less probability to break or sustain below 10000" and finally Nifty closed on the week's high. Nifty this week trading setup is:- 10480 - 10680 (MULTIPAL DEMAND AND SUPPLY ZONE) 10270-10310 (MULTIPAL DEMAND AND SUPPLY ZONES) 1. I don't think so Nifty will trade or sustain above 10700 because there are multiple very strong supply zones. So I have a current short position in 10700 call @ 60 (Updated this Trade in last week's Nifty post.). In any case if it will sustain above 10700 then I will close my current short position and will take a long position. In this case I will update next levels in this post. 2. On the upside there is a very strong supply zone @ 10640-10680 and On the downside there is a demand zone @ 10480-10530. So 10480 to 10680 will be no trade zone. It's difficult to get the follow through on the both side in this zone and it will be a choppy market in this wide trading zone. 3. If Nifty will sustain below 10480 then it may test next demand zone @ 10240-10310. In this case I may add more short position in Nifty. Still my setup is not allowing me to think for the 9000-8000-7000-5000 etc. levels in Nifty in coming days or weeks. So I will respect the screen, price and trend instead of doing prediction. Thank X :)--- Have a gr8 Weekend ---
NSE:NIFTY
by Swapilchoksi
7
NIFTY INDEX VIEW NIFTY WEEKLY CHART ANALYSIS -SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES -REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE -WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY -BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT -DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS -BUT EVENTUALLY GAVE IN FIBO-LEVELS -CURRENTLY MARKET REVERSED FROM ITS 50% RETRACEMENT LEVELS ON THE INDEX -ALMOST SAME LEVELS ARE VISIBLE ON DAILY CHARTS NIFTY DAILY CHART VIEW -IF ANALYSIS ARE TRUE ON THE FIBO AND PRICE ACTION WE CAN CONFIRM THAT WE MIGHT HAVE SEEN A !!DEAD CAT BOUNCE!! -DAILY CHART SHOWS NEAR SUPPORT AT 8910-8950 AS SUPPORT ZONE -BUT SEEING THE MARKET REACTION ON MONDAY MAY CAUSE THIS SUPPORT TO BE A WEAK ONE NIFTY VIEW -PLEASE NOTE TRADE WITH CAUTION -I AM NOT USING ANY INDICATORS E.G MOVING AVG ,RSI,MACD ETC. -REASON BEING THAT THE VOLATILITY IS SO HIGH AND DAILY MOVEMENT IS CAUSING LOT OF DATA TO BECOME OBSOLETE/MEANINGLESS -THERE WAS NO ROCKET SCIENCE THAT NIFTY WOULD REVERSE FROM LEVELS OF 9950 -WE ALL KNEW IT WAS A CRUCIAL RESISTANCE TO CRACK WHICH WAS POSSIBLE ONLY BY EXTERNAL FACTORS -EXTERNAL FACTORS -NOISE FROM THE MARKET(NEWS) -DEVELOPMENT OF CURABLE DRUG/VACCINE FOR CORONA-VIRUS -STIMULUS PACKAGE BY THE GOVT. -REMEMBER EXTERNAL FACTORS MAY CAUSE THE SHIFT IN THE MARKET DYANMICS BECAUSE AS OF NOW MARKET IS ABSORBING THE NEWS GOOD OR BAD NIFTY TRADE VIEW SHORT@9350-9380 STOP@9550 TARGET-1@9120 TARGET-2@8970 PLEASE NOTE:-RATES ARE ACCORDING TO SPOT LEVELS !!PLEASE WATCH OUT FOR INTRA-DAY TRADE VIEW ON STOCKS AND INDEX FUTURES!! !!STARTING FROM TUESDAY!! !!9:30-10:00 A.M!! !!QUESTIONS ONLY AFTER MARKET HOURS!! !!HOPE TO START THIS FRESH SEGMENT ON REGULAR BASIS FROM NOW ON!! !!PLEASE PING ME FOR ANY STOCK RELATED QUERIES WILL BE AVAILABLE!!
NSE:NIFTYShort
by manavtechresearch
4
Nifty: Weekly Analysis: "Bhav Bhagwan Che"Hello, Nifty is ready for the big move in this week and the maximum possibility is that this move will be on the downside. On the upside, it's difficult to trade above 12200-12300 zone. I will change my view once it will trade above 12300 in this coming week. I will watch 11700 and11600 zone, in any correction nifty will take support from 11700 or 11600 levels. If it will break 11600 then another 100 points downside will open. In short below 12200 Nifty will be sell on rise for me. and my final targets are 11950-11900-11850-11800-11700. Trade Well
NSE:NIFTYEducation
by Swapilchoksi