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...
Index closed today flat post both side movement, follow chart for proper support and resistance levels for expiry, global is positive, keep in mind for tomorrow expiry.
Banknifty yesterday traded in a zone, after seeing a global indices, indian indices may took a pause in rally, may be sideways, follow chart for today expiry.
Nifty is taking support from the daily trendline. Also there is a support line of 19250. if it both the support breaks then we can see good down fall till 19050 level. If it takes support we can see a 200 points move upside.
Hello 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....
BN 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...
BN 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...
Yesterday 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%...
Understanding Liquidity Risk // market oder are blocked for the midcapnifty F&O contracts . BIG MISKET IN F&O CONTACTS .NOT PLACING IN SELLING , TRY PLACING A LIMIT OR SL ODER . What Is Liquidity Risk? Liquidity is a term used to refer to how easily an asset or security can be bought or sold in the market. It basically describes how quickly something can be...
--- 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...
As with any option trade there are risks and potential drawbacks to consider before placing such a trade such as the impact of implied volatility and time decay on the value of the option contract. Therefore it is important for investors to conduct thorough research and analysis before making any investment decisions
The 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...
Another day went by where the last 1 hr changed the sentiment of the day. Banknifty rallied 188pts ~ 0.43% from the LOD to the HOD all in 65 mts 14.20 to 15.25. Till that point the view was bearish and open for shorting opportunities. Just check the encircled area, banknifty was struggling to go past the resistance of 44068. The set up seemed almost perfect for a...
Quite an unexpected performance by NiftyIT today up +1.51% which would have spoiled the party for the Nifty50 bears. Last week as it ended was looking pretty negative for Nifty and flattish for BankNifty. Banknifty had a steady day today, down only 0.1% but the prices were consistently falling giving the impression that selling is still not over. From a...
Market looks bearish from here, i have already uploaded view on nifty and banknifty, but now i am updating on finance nifty. There could be a trade for downside, Chances are high we can go towards 19300 levels. So if anyone wants to go short can go with by trading future or option. I have some trades. If anyone wants to go in trade can go with given levels on...
Banknifty was fighting hard to stay in green, Nifty50 on the other hand was vulnerable to fall. Another day went by wherein Nifty was proving to be more volatile than banknifty. Percentage wise both banknifty and nifty fell around 0.5% between 12.30 to 14.30 but the perceived fall for nifty50 was higher as the prevailing price action gave it more momentum....
BUY ABOVE - 44140 SL - 44010 TARGETS - 44260,44350,44480 SELL BELOW - 44000 SL - 44140 TARGETS - 43820,43680,43530 Trade safe and maintain your stoploss
A good day to take out the support zone of 44068 - was it an over-reaction to the RBI rate decision today? Lets analyze. RBI MPC decided to keep the repo rates unchanged at 6.5% and continue its withdrawal of accommodative stance. Logically no major changes w.r.t last policy day. Handful of participants including me were expecting RBI to hike the rates so that...