NIfty BreakdownNifty 50 is not looking good as per option chain data there is heavy writing on 15900 on call side but put side is considerably weak. So keep your puts ready as most probably the nifty 50 can go down after this consolidation..
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
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Optionchain
Bank Nifty 12-7-2021Bank Nifty can be a little bearish which may have an impact on Nifty also but same as nifty it will consolidate between the specified regions. There will be no more particular breakouts. So you can have a short strangle or you can sell a call or buy a put near the specified resistance zone. Or you can buy a call and sell a put near the support zone. Overall as I analyzed before that the Bank Nifty is forming an ascending triangle chart pattern. So overall momentum is still bullish and you can also buy a future of Bank Nifty in this dip.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Nifty 50 Bullish Reversal is Expected.In this chart 15 min you can clearly see a Bullish Harami also as an closing candlestick pattern, on 1 day chart my indicators are telling me that we can expect a bullish opening tomorrow i.e. reversal and the trend can change as its been two to three bearish days and today we are seeing a slight hope of reversal. Just one thing that we have to see is that how well or bad the global markets will open today. The global markets will make a great impact on NSE for tomorrow market.
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*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line , option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Trend analysis for Bank NiftyIt is a chart of Bank Nifty on the 15min timeframe. As you can clearly see that Bank Nifty is making an ascending triangle chart pattern which is a bullish pattern as well as Bank Nifty weekly chart is showing a clear bullish harami. So if you buy weekly options than the trend is definitely positive. But Bank Nifty is quite bearish on the basis of intraday.
PS- Nifty is weak and Bank Nifty can carry it according to the data provided.
*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line, option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.