BANKNIFTY & NIFTY SUPPORT AND RESISTANCE FOR [22-06-2022]NSE:BANKNIFTY
yesterday a sharp rise has occurred but still, we are in bear trend as the market didn't break its previous swing high.
all sentiments and news are negative this is a sell-on-rise market.
Levels marked on the chart.
NSE:NIFTY
Bank nifty and nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
Happy trading & keep learning
Options-strategy
nifty 16june 2022hi here is a limited risk and limited reward strategy for nifty options
NFO NIFTY22616 OPT-PE 16000 50 Buy 0 0 0.00 0
NFO NIFTY22616 OPT-CE 16600 -50 Sell 64536 16201 0.00 80737
NFO NIFTY22616 OPT-CE 16400 50 Buy 0 0 0.00 0
NFO NIFTY22616 OPT-PE 15800 -50 Sell 64336 16201 0.00 80537
the trade is in single lot
minimum amount required for this strategy is 33000 max. reward is 5670 max. risk 4328.
risk reward ratio 1:1.3
Breakeven
15914.0-16486.0
probability of profit is 48%
(above table is from my brocker website data)
no of days remaining expiry =3 days
take the trades as per your capacity, ensure all trades are executed otherwise risk will become unlimited.
market goes is any direction max risk and reward is specified. you can exit the position as per your profit/loss bearing capacity ;)
BANKNIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [31-05-2022]NSE:BANKNIFTY
on 30-05-2022 bank nifty traded in a narrow range and formed a falling wedge pattern on 5 min timeframe, facing strong resistance at 36100.
Bank nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
"if you "If you would like any more information feel free to DM me"
Happy trading & keep learning
BANKNIFTY INTRADAY SUPPORT & RESISTANCE LEVELS FOR [30-05-2022]NSE:BANKNIFTY1!
#NIFTY chart is same as it is of 27- may
Bank nifty analysis important levels are marked on the chart.
please always trade with stop loss to avoid big drawdown.
"if you "If you would like any more information feel free to DM me"
Happy trading & keep learning
Middle term to Long term vision for BankniftyMarket has taken support from this trendline so it is expected to take support again
but this time this support may be weaker so beware with your option or future positions.
-> 70% chance to bounce back from 32500 level
-> 30% of breaking it.
Market will definitely come to 32500 level then start investing in small
quantity in ETFs if you do for swing or long-term holding.
Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :-
T1 - 16404
T2 - 16375
T3 - 16352
DOUBLE BOTTOM IN NIFTY 50Nifty 50 has formed a Double Bottom chart pattern on its demand zone and has also broken its neckline. The demand zone has a great potential and adequate amount of fuel to makr Nifty fly.
today Pro Scalper indictor caught 200 nifty pointwe should combine this indicator with ADX indicator.
example of Sell
SELL signal
VWAP: Price trading below VWAP
Price is trading below Super trend (21,1)
Price is trading below Super trend (14,2)
Price is trading below Super trend (10,3)
ADX -DMI should be above 25
Daily Nifty Levels | Nifty Support & resistance Daily Nifty Levels | Nifty Support & resistance India 2022
NIFTY END OF DAY CHART ANALYSIS
1) Nifty Broke resistanc of 16850 if sustain in one hour good chance for up side
Stoploss if Any 15 min candle closes below 16810
2) You can Buy PUT below 16800
Stoploss if Any 15 min candle closes below 16870
Nifty daily levels search - trading with Manoj Shinde 27485
U turn expiry.Day to mark, when the market opens with a huge 400 point gap up, and profit booking kicks in. I have an overnight position of 16600CE and 15700PE, which is a huge premium spike that went MTM loss of 25X. It hit harder than the market moved down. When CE started to melt down, I lost 4% of my capital, but I had seen a 10% loss in my MTM, so I decided to book 4% and did not adjust any positions. I have already booked nearly 1.5% of the legs that I rolled up this week. managed to exit with a minimum loss. Let's see how it ends this week. The market is actually not in a good mood.
Putin effect, Where we can expect expiry. Look at VIX. Where is it now. indicating the crazy movement will continue. Any news can drive the market's movement. stepping into the last week of the month with caution. Monday opened with a gap down and then started a recovery, then fell again. Today it opened with a huge 300 point gap. Think about it. Carrying over night positions is risky. As a trader, we have to look for good premiums everywhere. Make use of it and make sure you won't get stuck in volatility. Looking at the price action, it is good to see that 16850 took support and bounced back. When it comes below 17000, there is buying happening. A good sign. Also, keep an eye on that. If it breaks with strength, we can see a larger move. Above, there is a trend line. I will keep an eye on these levels. Below 16850 and above 17350.
Coming to my option selling, I am already sitting on top of nearly 1.5% profit, having booked 0.8% profit. I started selling calls on Friday and I expected negativity. I took 17850 CE at a good premium at the closing time. Monday gap down opening and the CE almost melted. I held on to it, and today I booked profit. I entered into the PE side at 15850 too far with a really good premium VIX spike to help get that and the CE side at 17550. The current position is good now, one point CE side give me bit worry. My plan for the week's PE side almost melted if Tmro gapped down. I will hold my PE and adjust only the expiry day and worry about my CE side because of the VIX spike. If my SL did not meet the price, then my plan was to hold the CE till 17450–17470 and roll up the PE to 16850. Otherwise, just make adjustments. expiry day only.Let's hope we can end this week on a high.