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BTCUSD 30 July Target 100% Perfect🤑🤑#We Make Only Profit. Bitcoin's price today is US$30,001.65, with a 24-hour trading volume of $10.88 B. BTC is +0.41% in the last 24 hours. It is currently -4.42% from its 7-day all-time high of $31,388.55, and 0.96% from its 7-day all-time low of $29,717.09. BTC has a circulating supply of 19.44 M BTC and a max supply of 21 M BTC. #BTCUSD #XRPUSD #HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
BITSTAMP:BTCUSD
by UnknownUnicorn59699627
Bank NIfty Expiry day Special Analysis 27/07/2023Good Morning Traders, I hope you are doing good in your trading and your life as well. Before to start today's analysis, I want to say thankyou to all of you guy's that i have completed 2k followers on tradingview.com, it all got possible just because of your love and support guy's. Our TraderRahulPal family is increasing slowly slowly. Thankyou one more time to make this possible guy's. Okay now we will start our analysis. Banknifty is trading in kind of bullish flag pattern, but that is not exactly bullish flag pattern, but if we will see breakout this pattern we can see some momentum for upside, which can take this banknifty towards in the zone of 46230 and 46375 levels. But we need safe entry, which i already marked on chart, i will write it down also. i written on chart about resistance in upper zone (Well Guy's there is resistance for banknifty in the zone of 46231-46350, in case if we see any price rejection on top and we see any kind of bearish pattern like Inverted Hammer. So we can sale also with the stop loss of 46487). Banknifty Important Levels for today:- Buy above 46231, if levels got sustain at least for 30 mints. Targets we can see in upside 46364/46487+ Keep stop loss at 46000 Sale below 46000, if levels got sustain at least for 30 mints. Target we can see in downside 45806/45662/45504 Keep stop loss at 46231 Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Note:- For Banknifty Hero Zero trade will be in 2nd half according to price action, we will analyse market and then we will update in comment box. Please make sure you have followed us, so you will be notified on right time, when we update this idea. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
7
Nifty Holding Every Rise on 20 & 40 Hourly AveragesNifty has great strength holding every pullback at either 20 hour or 40 hour averages thats gives bulls a upper hand yesterday Nifty did 61.8% retracement of previous rise now again its rising in impulsive moves a move towards 18870-18890 could complete 5 wave rise of Minor degree in Wave 3 of 3 to make it easy Nifty could be moving towards 20300 in next 2 weeks. View Invalidates below 19600 (Counts would change but larger view would remain UP). Charts shared for education purpose Only.
NSE:NIFTYLong
by churiwalvikram
NIfty possible levels for today. 17/07/2023Good Morning Traders, NIfty Trading in bullish ascending channel, chances are high that nifty should return to test lower range of the channel, but as of markets are highly bullish may be we can see some breakout for upside, but according to price action, this should return from here, and should go towards 19500-19450 levels. But if this give breakout then we can see another new high in today's session. Okay let's see what is going to happen, we will take trade according to price action. Important levels for Nifty:- Buy Nifty above 19615, if levels sustain at least for 15 mints. Target we can see 19698/19747 Keep stop loss at 19566. Sale Nifty below 19566, if levels sustain at least for 15 mints. Target we can see 19511/19432 Keep Stop loss at 19615. Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
2
13 Jul '23 Post Mortem on Nifty + Weekly expiry analysisNifty Weekly Analysis Between the last expiry & today, Nifty50 is actually down 40pts ~ 0.21%. That seems quite hard to believe especially when we had an ATH break today right? The fact is N50 broke out from the 19500 levels today & that would have created the perception that nifty had a gaining week. Also on 7th July we had a red day and almost touched the 19300 levels. So credit goes to N50 since it recovered all its losses & hit a new ATH of 19567 today! --- Nifty Daily Analysis We had 2 strong moves today A gap up open and then a race to take out the ATH, a total swing of 182pts ~ 0.94% A similar fall of 180pts ~ 0.92% to touch the prev. close value Both the directional move would have given ample opportunity for options traders to mint money today. Final close was 0.15% higher mainly supported by the NiftyIT index. The dramatic inverted U shape price action was due to RELIANCE which fell from 2799 to 2743. HDFCBK, KOTAKBK & SBIN also dragged the index. Trades Taken Other than the regular expiry trades, I reopened a bullish PE credit spread between 10 to 10.30 AM. 19500/19400 PE for 67.45/40.65. This was taken when Nifty was at the ATH and due to the reversal this position is currently in loss. Will take a decision tomorrow to hold on to bullish bias or exit at a loss.
NSE:NIFTYLong
by viswaram
11 Jul '23 Post Mortem on Nifty + Long call continues...Today we had a perfect inverted V formation. The high of the day at exact 12.00 noon. A rally of 82pts from opening level and then a fall of 66pts. Even though nifty fell today, it was showing so much of positive energy and a general reluctance to fall. We will bring up the comparison with banknifty shortly & it will make sense. Today's peak formation ensured we are getting a double top at the ATH levels ~ 19508. The profit booking may be attributed to that. If we continue to fall in the coming days - its better to change the bias from long to neutral. --- Trades Taken Yesterday I had reversed my short position to long position & had carried the 19400/19300 PE bullish credit spread overnight. Luckily it worked out alright today. By 10.43 I exited at a price of 29.6/12.9. I exited because more than 50% of premiums had decayed & not because I was bearish. At the same time I entered into 19400/19300 PE bullish credit spread of the 20th July series for a price of 74.7/48.4. We then had the classic reversal, almost back to the open levels. Somehow I felt the risk:reward was not matching & then exited the new position at a loss by 14.46 @ 79.7/49.4 and got back to the 19400/19300 PE spread in the 13th Jul series for 32.7/12.3. The 15.00 candle really scared me and if you calculate the risk:reward was 3980:1020. So I exited the credit spread & went ahead with the call debit spread of 19300/19400 CE @ 176.15/95.15 by 15.03. The rationale being 19300 was still in the money & might offer some cushion as expiry is in 2 days. Whereas 19400 PE could go in the money if the move is 50pts or more.
NSE:NIFTYLong
by viswaram
Bank Nifty possible levels for tomorrow 04/07/2023Hello Traders, how are you doing all of you, i hope everyone is making profits from the market. I wanna say thankyou to all of you guy's who always supporting me by likes and lovable comments on my ideas, and wanted to let you all knows that we have completed 1600+ followers on Tradingview.com, thankyou once again to all of you in completing this milestone. Today again i am going to post my analyse on Banknifty, hope it will be beneficial to you guy's. Market seems very very bullish now a days, everyday we are seeing new highs. if i talk about today's Banknifty and nifty was trading in a range after making new highs 19344 somewhere. let's focus on banknifty now. After today's session seems tomorrow we could see some profit booking in first half according to my price analysis. But 2nd half could be trending and tomorrow is fin nifty expiry also there. I will post on that also later on till evening. But for now if banknifty breaks tomorrow for below 45000 levels then we can see some fresh selling in that, and we can see some down levels towards 44700 some where. But if bank if banknifty sustain the levels above 45248+ then we can see some buying opportunity in banknifty, that momentum can take banknifty towards 45378/45600+. So i have marked all the levels on chart. So trade accordingly. Always use stop loss in trading. So, buy above if sustain 45248 levels. and keep stop loss at 45000. and Sale below if sustain 45000 levels. and keep stop loss at 45248. Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades. If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box. Thankyou, Regards Rahul Pal
NSE:BANKNIFTY
by TraderRahulPal
2
PostMortem on BankNifty Today & Analysis of 27 JUN 2023BN opened at 43804 and then had a flattish price move till 13.00 after which it propelled forward like a rocket. Interestingly Finnifty's chart (which we will discuss shortly) had more thrust compared to BN & N50. The 470 pts rally we had from 13.05 to close was nothing short of remarkable. Initially the momentum was slow, but as soon as the short covering started we had a broad based rally. None of component stock closed in red today. SBIN up 1.62%, HDFCBK up 1.41%, AXIS up 1.32%, KOTAKBANK up 1.19%. 1hr TF If you remember from yesterday's research report, BN was almost completing a double bottom pattern at the 43404 level. The last leg of W was fading, until we had the break through today. What really happened today was the 44068 resistance was taken out, preceding that we had 2 strong green candles - most likely due to CE short covering. Final close is some 100pts above the SR zone of 44068 which means there is every possibility BN could defend it for the expiry tomorrow.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 26 JUN 2023BN opened gap up, but right at the opening itself we all anticipated that we are not going to have an up day today. The options flow gave me a bearish bias and was looking for opportunities to enter. The first swing till 10.50 where we had a drop of 222pts & then a retracement of 113pts looked healthy and almost filling all the checklist for the 2nd leg. Instead of making a lower low - the 2nd leg made an upmove to take out the retracement high. By this time the options premium was dead - indicating no more uncertainty ahead. SBIN & ICICIBANK gave ample support to BN today & prevented it from falling. Again the conviction of the bulls were quite strong. Between 15.00 to 15.05 BN made a quick surge of 105pts and then quickly lost it between 15.10 to 15.15 - might have taken out the stop losses of few option traders today. The way in which PE options reacted made me think the major participants would want BN to go up. 1hr TF The double bottom W pattern that formed with the bottom at 43404 is still intact. The upmove from 20th Jun to 22nd Jun was pretty weak that did not allow it to go past the resistance zone of 44068.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 21 JUN 2023Yesterday I said, " I will be a believer if we continue the green spell tomorrow also." - guess what Finnifty hit all time high today at 19660.1 at 13.55. This is partly due to the news flow in HDFC & HDFCBK (both are having good weightage in finnifty). This is the main reason it outperformed with gains of 0.68% whereas Nifty & Banknifty had gains of 0.21% each. Today proved to be a perfect day to deploy straddle on banknifty - the momentum to swing was low and open/close were quite nearby. I assume most of the traders would not have deployed it as we had some aggressive move last hour yesterday. Nifty50 on the other hand provided adequate volatility to drive up the options prices much better than BN. The period from 09.55 to 11.15 looked dangerous & I was looking for bearish trades. Again the strength of bulls outpaced the bears - we had a gradual recovery and closed near the high point of day. The biggest difference in trade today BN vs N50 was the volatility. BN was not at all interested in going up or down, whereas N50 had eyes to take out the ATH. Unfortunately we fell short today also. INFY & KOTAKBANK pulled the plug after 15.05 otherwise we should have seen history in the making! I personally think the HDFC-HDFCBK moves 1.63% & 1.75% were unusual and this should have broke the existing rhythm of BN's movement. I would like to see tomorrow's price action i.e. expiry trades too and then become a proper believer. One of the reason I am saying that is even with gains of 1.75%, hdfcbk could only move BN up 0.21%, there were many trades taken on the other banks to counter-balance the upmove in HDFCBK. I would like to see how it pans out tomorrow, esp after 14.00. --- 15mts is still sloping downwards indicating weakness. Its not an outright bearish view but somehow BN is not that excited with N50 going for new highs.  --- 1hr shows a converging pattern unless we breakdown from the 43402 levels & cross 43253 quickly. Currently what BN is lacking is momentum, only a downward move will give it strength to rally & break through!
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 20 JUN 23 + Finnifty--- How many of you were prepared for the last 1 hour move today, I assume 90% of traders would have anticipated it. The real wow moment would be if we get to see the unwinding tomorrow. At least till the 43528 levels. We added 331pts between 14.25 to close today, most of which were due to Nifty's resistance crossing or positional trade on Finnifty expiry. The truth is we will only get to know tomorrow. Banknifty's open was inline and the good news for the bear is we broke the swing low of 15th June. If you looked at the opening hour price action, banknifty was really showing signs of further selling, but it did not happen. Again we got saved by the crazy dip buyers, this is more evident in the Nifty50 chart. From 10.40 there was consistent buying in N50, but the buying momentum came to a halt near the resistance level of 18762. From 13.25 to 14.25 the pressure was building on N50 to break through the resistance - but we all knew it had to come via banknifty or finnifty. As Finnifty had expiry today, the job was simple - buy some bank stocks today and get the nifty to surge past the resistance. These big boys could really square off these purchases tomorrow & could make money both ways. The green candles from 15.00 to close is an indication of how Nifty50 surged once the resistance was breached. We literally ran out of time, otherwise we could have taken out the ATH today itself. --- 15mts TF is showing some unique signals, we are getting lower highs but the lower lows are not that distinct & sharp. For real selling pressure we need deeper lower lows. --- 1hr TF is still not bearish, it would have almost tipped in the favor or bears today if 43253 got broken. Sadly that did not happen, but I am sensing pressure getting build up & honestly banknifty did not want Nifty50 to cross the ATH. --- Finnifty Expiry Special The proof that speculation came from Finnifty is here, the surge of 0.78% when it was 0.3% down! Who would believe that! Since the markets are gung-ho & there is optimism all around - we normally dont expect markets to go in red. When in red, bouncing back to zero levels or cutting the losses - understood. But going from -0.3% to end the day with +0.4% gains - unusual ! Well, I will be a believer if we continue the green spell tomorrow also. The surge in 19450 CE was proof of this. 1577% ROI on this strike alone, you wont believe, I squared off this position at 6.5 only to see it zoom to 52.9 in the money!
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 15 JUN 2023 ExpiryThe beast in banknifty got unleashed today, after a long gap banknifty options really started surging today! You wont believe the OTM prices went above the traded range of Wednesday, that too today being an expiry day! --- BankNifty Weekly Analysis During the current expiry week 9th to 15th June, banknifty shed 556 pts ~ 1.27%. You may not believe that 544pts i.e 97% of that came just in today's trade. --- Today's Analysis We opened gapup right at the resistance level and then started falling. The first 5mts itself shaved off 200+ points. From there we had a steady falling day with no pull back. The selling really aggravated at 13.50 when all of a sudden lot of traders unwound short positions in PE. BN was near 43700 then, the volumes in PE did suggest that few traders were running for cover fearing their position may go deep ITM. This really fueled the next move. We fell another 300pts in 90mts.  Nifty50 was in green till then, see the blue highlighted area - the selling intensified in N50 too. Nifty50 at 10.00 was roaring past the resistance level of 18762 and was looking unstoppable. For the first time since Dec 2022, N50 tried to shoot for ATHs. Banknifty had other plans, may be attributed to the FOMC meeting yesterday - which we will discuss shortly. --- 15mts has now confirmed a break from the trading range, the last time it broke on the downside was on 24 May, which it recovered by 26th. The pick-up in momentum after the range break also signifies unfinished business ahead. --- 1hr TF also shows the range breakout, but the chart is not bearish yet. There are supports at 43253 & 43012 ahead. If banknifty is not stopping there - then it will be an interesting case for the July series. Remember we will have expiries on Fridays from 7th of July. The split of N50 and BN to separate days will definitely improve speculation. --- The curious case of FOMC rate pause Yesterday US FED decided to keep the interest rates at 5.25%. Our RBI has kept the interest rate at 6.50%. Lets just analyze what this interest means for a foreign institutional investor. Assumption: FII is investing in India's debt instruments & not equity Investor has earmarked 100000 USD for investments. In US over a 1 year period his investment will grow to 105250 USD. Whereas if he invests in India it will grow to 106500 USD. Now investment in India has to be done in INR, so there is a currency conversion risk. Lets just calculate how much was the USDINR appreciation for the financial year it was ~ 8.23% So now Mr. Investor has 97735 USD left with him i.e. a opportunity cost of -7.51% if he chose India over his home country. The best way RBI can tackle this issue is either get the USDINR to depreciate or hike the repo rate to have a higher divergence than FED rate. to view all 6 charts visit viswaram. com
NSE:BANKNIFTY
by viswaram