Nifty Expiry Day Pre Market Episode 1Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone . If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
Nse
KIRLOSENG - Possible BOKIRLOSENG - today 9.72% up with good volumes.
Today(12-Oct) volume is the highest in the past month.
ADX : 4.9 - DI+ 30.5*
On Daily and Weekly time frames, SMA 15> SMA 30 & SMA 25 > SMA50
Close is above SMA D-20, SMA W-20, SMA M-20
M/W/D RSI>60 - Daily RSI crossed - 5 days Back
2022-10-11:
ADX is increasing - 33.4 - DI+ is 28.0*
Close is crossing 4 week High
Price is Out of Squeeze
Close is above 20 SMA on Daily/Weekly/Monthly time frames.
Above 297 - we can see further upside. Add to watchlist.
Selling opportunity in NiftyPlanned this trade in 5 min TF.
Can plan this trade with a Small SL
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you want me to video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis.
Need motivation very badly
PANACEABIO - BO on new ordersPANACEABIO is trading in the range for the past couple of months and breakout by 18% today with huge volumes.
The reason for this is due to " $127.3 million orders from UNICEF and PAHO for the supply of its WHO pre-qualified fully liquid Pentavalent vaccine"
With this movement, Trend Ch +ve.
Close Crossing 4-week High
Crossed Monthly Pivot upside
Close is above Daily and Weekly SMA 20. But below Monthly 20 SMA.
The weekly trend changed to +ve. Still, the monthly trend is on the -ve side.
Daily SMA 13 Crossed SMA 55 upside.
Weekly SMA 13<34<55, But Close crossed Weekly SMA 13 Upside
RSI- M:46.0 WK:55.4 D:75.0
Add to the watchlist - take your own decision.
NIFTY PRE MARKET ANALYSIS 11/10/2022Good morning,
All the levels and key ideas mentioned on the chart itself.
When the market opens today wait for confirmations. Don't take random trades with high SL's.
Yesterday I read something like major institutions are short on market. So keep that in mind
-->No trade until nifty touches any of the two lines (17280) on the upside and (17140) on the down side.
-->Suppose say it is near 17140 what should be your plan of action?
-->Mainly two outcomes are possible, market breaking that level market taking support from that level.(Be Aware of false breakouts also)
-->Go to 5min time frame and look at price action near that support line.
-->Big green candles, breaking previous lower highs will be signs of intraday reversal then you can plan buying with day high levels as targets
-->Breaking that 17140 levels with Big red candles and staying for more than 15 mins there will be signs of falling then we can short market there.
-->Same logic applies when the market is at 17280 levels.
-->Keep small SL's
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
BEGINNERS RULE :1. Before starting any new venture, we must learn the basics of that subject.
So, learn the basic ABCD of trading.
2. Beginners should avoid the Futures and Option (f&o) trading.
First, one needs to get a good grip over the cash equity segment.
3. Learn technical analysis and try to master any one strategy and stick to it.
4. Avoid dependence on anyone for too long,
"Trust your own setup always”
5. Don't be impressed so quickly and start dreaming after seeing other trader's earning or profits screenshot.
6. 'Simplicity is the best policy.' Keep your analysis simple and stick to basics.
7. Backtest your new setup for at least 3 months to find out the Return on Investment (ROI) percentage.
8. Price Action is above all. Don't complicate your study with too many indicators/tools.
We have come here to earn money, not to complete a Ph.D.
9. Avoid business/finance TV channel recommendations.
Don't follow it blindly.
10. Mistakes are fine but try to avoid committing again and again.
11. Use proper and safe trailing stop-loss.
Keep learning and earning.
Happy profit making :)
VAISHALI - Possible BOVAISHALI- Crossed Weekly and Monthly Pivots Upside.
Today High is equal to 5 W high.
Stock is trading in Squeeze for the past 3 days.
Close is above 20 SMA on Daily, Weekly, and Monthly time frames.
On the Daily time frame, SMA 13>34>55 and Close crossed D13 Upside.
RSI- M:70.3 WK:67.3 D:57.8
Normal NR7 - Breakout
Add to watchlist and trade after own research.
ZENITHEXPO - BO with high VolumeZENITHEXPO - today 20% movement crossed the supply area.
Current Week High = 7Weeks back High
Volume is highest in past 6months on Daily basis.
The trend changed to +ve today.
Close Crossed 4week High, Monthly Pivot.
Close is above Daily/Weekly/Monthly 20 SMA.
The monthly trend is already +ve and the Weekly trend also changed to +ve.
Daily SMA 13 Crossed SMA 55 upside.
Weekly SMA -13 >34>55.
RSI- M:57.8 WK:60.7 D:67.0
Possible upside momentum will continue if sustains the BO.
Add to watchlist - trade after own research.
IRCTC: Looks Bullish, Head & Shoulder!NSE:IRCTC looks Bullish.
All the Stocks in this Railway Sector have picked up significant momentum & have given a breakout/ near a significant breakout level.
These Stocks include:
NSE:IRCON
NSE:RVNL
NSE:IRFC
NSE:RAILTEL
Volume Profile looks good!
Have mentioned Entry, Exit & StopLoss on the Chart.
All the best. Manage your risk wisely!
Will there be an Upmove in Nifty on Monday? Hi there,
I trying to understand and predict the market movement based on crowd mentality.
First I will try to explain my theory on what might have happened (It may not be the case).
GREEN ECLLIPSE @ 16800 LEVEL
--> Price was at the demand zone ,started moving up and at the EOD Nifty was at 17100
OBSERVATION:
-->Most people must have carried longs for the next day.
Next day Nifty opened flat and started going down in the first hour.
OBSERVATION:
People who were long the previous day will be in confusion now might have started exiting their positions (they will be booking losses also if needed)
So by the EOD on 03/10/2022 there are
-->People who shorted the markets freshly will be carrying their trades.
-->Do you think retailers will be carrying longs this day ? (My opinion is very little)
Date:04/10/2022
-->BOOM !! whoever shorted are now trapped, aren't they ?
-->As usual short covering happened and all the bulls started taking positions this day only.(Fresh positions)
Date:06/10/2022 (Expiry day)
Price is at supply zone and in the second half price gave confirmation and came down. So here again every one will be carrying shorts overnight.
--> Next day If we observe price made a V pettern and it went up. Mostly every bear booked their positions and bulls took charge.
-->By EOD everything has changed and suddenly people started carrying longs for the weekend thinking that bulls are strong (Nothing wrong).
HOLA ...SGX at 17070 all of a sudden. All my analysis from now will be if market opens at these levels.
--> Who are more for monday morning ?
a) Those who carried longs booking their losses and exiting their positions or
b)Those who carried shorts and exiting their positions with profits?
I think (a)>>>(b).
And most importantly market will be at its demand zone (opening price is in the FIB extension area of the recent trend)
So any of the above options (a)/(b) happens there will be a retracement wave causing the market to move upside.
I'm expecting retracement wave till 17170 to 17200 levels.
After that there may be fresh shorting of market because actually most of us not benefited from this gap down or bulls might take charge again .
For any of this to happen we will need more confirmations and we will see them in future.
--> I have drawn all the levels here based on Elliott waves & by using Fib tools
In short on Monday first look for any strong bullish candles or confirmation. Take long positions
Try to avoid shorting unless if there is a retracement.
Mostly I will post analysis in 15m time frame for intraday buy/sell Ideas. Follow me If you don't want to miss any updates.
Please let me know if you have liked my analysis with a boost or a comment.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
JINDWORLD - BO PossibilityBased on current momentum & Flag Pattern and 2 Bar reversal with strong volume - a high probability of BO.
Immediate target - 280, then 293 & 311 and then 356 possible.
Today's volume is the highest in the past month's daily volumes.
Also crossed Weekly Pivot and Monthly Pivot Upside
Currently trading Daily, Weekly, and Monthly 20 SMA.
Daily SMA 13>SMA 34> SMA 55
RSI- M:64.5 WK:57.6 D:60.2
Add to watchlist - trade as per your own study.
HERO ZERO TRADE IN NIFTYThese big candles indicating that price is at supply zone in higher TF
Price failing to breach these levels and go up
Even though price is again and again going back to its supply zone
1) It is creating lower lows in lower time frame
2)Getting rejection from 0.786 Fib levels in intraday
All the levels are mentioned in the chart
what the price comes there all you have to do is buy 17350 PE 6 oct expiry
Price will be around 15-17 rs .
Risk per lot is 750-800 .
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
PLAN FOR EXPIRY MOMEMTUM TRADE !!!!All the levels and details are mentioned on the graph itself
Market is in the range of 90 points
If at all we get a breakout on either side we can see some quick momentum.
The Arrows on either side indicate where bulls and bears are trapped.
When the breakout happens trapped people need to cover their position which can cause some momentum.
In my opinion breakdown and ending below 17390 should get market to days low first.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
PRICE ACTION ANALYSIS IN NIFTYDATE:03/10/2022
In a daily time frame price has formed a inside candle.
If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels)
So until it crosses that low its better not to carry any short positions in nifty.
Observe the price action structure here
1)There is a recent lower high formation (17050 levels)
2)There is a recent Low (16750 levels)
For the market to turn bullish it has to break 17050 level and form a higher high. This will be thr first sign
Then find the golden zone with the help of Fibonacci tool and wait for entry (This will be safe with small SL).
or One can go long by observing PA in the first 15-30 mins with confirmation of bullish candles. plan the SL accordingly
*** If Price breaks 16750 better to exit all long positions.
I hope this analysis will help you.
If you agree with my analysis you can comment on this post by yes or give a boost
Thank you. And happy trading.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
NIFTY for upcoming week (3 Oct,22 to 7 OCT,22)Nifty recovered sharply with RBI rising its interest rates to 5.9% which is a increase of 50 basis points. Now that nifty has showed strength from lower levels of 16800 and moved swiftly to 17150. And halted around those levels. Here nifty is at a crucial juncture where it can break the 17156-17327 gap and move higher or continue to go sideways in range of 16800-17150.
Happy Trading :)
Disc: Chart posted only for learning purpose.