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NIFTY 50 15SEPT2023 SUPPORT LEVELSAs Per Our Previous Analyic Already told If the Market trades above 20100 then a buy-side move possible. Today Market Opened at 20100 and made a High 20167 But From There market Was Rejection Because 20100/20200 Our Resistance Levels Already Told tomorrow And Support Levels at 20000 market made a low at 20045 Market Trad today Sideway Nifty50. For Tomorrow Levels Support and Resistance Market needs to Break High 20167 then a buying side move is possible. and make a new high For Downside, We have Support Levels 20100/20064 if the market trades below 20000 then a put side entry is possible and a good move we expected. ASPER OI Data 20100 Pe Writer is high so the Market Get Resistance there #nifty #tradinview #banknifty #optiontrading #tradingview #santubittu #optionking #tradinganalyis
NSE:NIFTY
by santubittu
Bank Nifty 14 Sept 2023 If you see my Previous Day's analysis and Support Resistance then you can see I already told you that if the market again breaks 45646 then a buying side move is possible, and for downside support I mention 45300, the exact market reverse from this point. What Happened Next What is The next support and Resistance Zone For tomorrow If the Bank Nifty Open Gap-up above 45600 we can see a profit booking and the market can go down up to level 45800, or Before that if the market gets support. the market can get a turnaround Our Support and Resistance Levels For Tomorrow For a Buying Move Market Need to Close or Trade Above 46000 Our First Resistance is 46100 Small The Market not have a good Resistance in the Upper Side So an upside move is possible Support Levels 45850 then 45600 if the market breaks 45600 then more falls are possible. So Trade Carefully use these Levels, Follow Me For Live Update. #nifty #banknifty #support #resistence #Bankniftyoption
NSE:BANKNIFTY
by santubittu
Bank Nifty Support Resistance 13Sept 2023Agint Fall From High Already I Told Yesterday that the Market Can Down and Our old Support Can Work if you see today's market move all previous support work and market Trade Between 45600 to 45400. For tomorrow We Can See Bullish Trade if Again Market Trade is Above 45600 then We Can See a Bullish Trade. AS PER OI Data 45500 CE Writer High As Compared to PE And Big Support Zone Only 45000 Market Can bullish above 45500 Tomorrow Bank Nifty Expiry So Trade Carefully use this Levels, #nifty #banknifty #support #resistence #Bankniftyoption
NSE:BANKNIFTY
by santubittu
Nifty also BullishToday's Nifty Rejection From 19585 Nearby 19600 For this If your View is Bullish then Wait For a Breakout of 19600 and if the market sustenance above this then We can See a Buying Good Move. On the Downside 19500 is our main support zone if breaks then the market fall AS Per OI Data Market has good Support at 19500 Big Resistance 19600 then 19700 Compare to put Call Writer High in This levels Wait For breakout 19600 My view in Nify50 is Bullish I Dont Trade in Downside Unitll it breaks 19500 if break 19500 then we see a 100 point down rally.
NSE:NIFTYLong
by santubittu
Bank Nifty Ready To Break 44700 For Tomorrow Bank Nifty is Ready to Move Above 44700 Today Market Again opened Flat and Rejection From 44650 Today Low to 44400 Which Was Big Support We discussed it Yesterday IF again Market Break 44700 then We Can See a Good Move In the Upside Agin for Tommorw Our support Zone 44400 But As per OI Data Market has big Resistance at 44600 Market Can Rejection again from This Level tomorrow If the Market opens a gap-up above 600 or 650 then wait for a breakout of 44700 or the market needs to retest the downside again then a bullish Movement We see.
NSE:BANKNIFTYLong
by santubittu
Nify Bearish then Bank nifty if you saw nifty in a daytime frame you saw a downside Trend nifty make from 20 July Exact Market Support 19250 which levels markt break 03 July Market Restest this level many times and for Tomorrow Market Need To Trade Above 19600 if Market Break this and sustenances Then We see a buying rally or short covering rally if market break 19250 then Market Fall Again 19000 But As Per OI Data Market have good PE seller at 19300 We can See A good upside Move in Nifty50
NSE:NIFTYLong
by santubittu
Confuses Market Right Now AS Per Day Candle Time Frame Bank Nifty Show Bullish Like Market Get Support And Nearby High is 44700 Market Ready To Break this Because one Bullish Candel Make In Day time Frame And For 15 Mint Time Frame We Saw a Big Support Zone In the Market 44100 and 44000 Market. For tomorrow if the Market shows Positiveness then Like Break 44700 then We Can Plan For a Buying or Bullish Trade. Otherwise, Wait For a breakdown Down Below 44100 or 44000 And need to sustenance Market if the Market sustenance Above or Below Any Support or Resistance Zone Then the Market sets a trend again OIDATA AS PER OI Data Market Has 44500 Resistance. For Downside Big Support is 44000 but the market can support at 44100/44200 because as per Oi pe data more than ce so Market Can Support if falls. FI/DI DATA Retail CE /PE Bearish Future Bullish DII- Future Bearish CE=nil PE-Bearish FII- Future / Pe -Bullish CE- Bearish
NSE:BANKNIFTYLong
by santubittu
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
Banknifty Intraday Levels for Today 07/07/2023Hello Traders, i hope you all will be doing good in trading and in your life as well. Banknifty is consolidating from 2 days in the range of 45000-45500 levels. Today might be we can see downlevels towards 45000, and there is strong support zone, but that got break then banknifty can go towards 44800-45700 levels just today only. Well, let's see if we got breakdown on chart. I have marked all the levels on chart, trade accordingly i will write here also. Important levels for BankNifty:- Buy above 45411 if levels got sustains Target we can see 45655 Place stop loss at 45211 Sale Below 45211 if levels got sustains Target we can see 45086/45000. Place stop loss at 45411 Note:- Chances are higher banknifty will open in gap down, then still wait for the levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. 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. Please like, follow and comment your thoughts on my idea. Thankyou. Regards Rahul Pal
NSE:BANKNIFTY
by TraderRahulPal
2
PostMortem on BankNifty Today & Analysis of 18 MAY 2023 expiryWeekly Analysis In this expiry week, 12th to 18th May banknifty has moved up only 0.61% ~ 263pts. We have hit an important milestone this week though, 0.10 pts shy of all time high - 44151.7 on 15th. Banknifty is immensely bullish considering how Nifty50 is behaving. A trader on 15th or 16th would have normally expected BN to surpass the ATH to hit new records. The pull back of 380pts from the swing high is mainly because of the negative sentiment of Nifty50.  It could even be a normal profit booking after a breathless run, and as banknifty has not tested the support on 17th or today - the bull run should stay intact. --- Today's Analysis We had a gradually declining day today after the gap up open at 44006. The price action may appear negative due to the falling shape, but we still ended the day in green. There was a 272pt abrupt fall between 13.40 to 13.50 i.e. in the 10mts window - this looked like a warning shot. esp because the volumes also surged. Later on I read the news that SBIN results were declared. An there was a swing of 2.61% ~ 15.5 pts in this period. Luckily 43800 PE spiked helping many traders book a zero-to-hero kind of profit. This surge came totally unexpected. It surged 591% from 14.55 to 101.9. It also goes to prove that option sellers should not take things lightly - surges like this could really wipe out the hard earned money. --- 15mts TF is not looking fully bullish, although today's gap up would have given lot of hope for the bulls - it did not really sustain. Also a falling price action may also indicate the tiredness. Is the ATH breaking out getting delayed and markets in a phase of indecisiveness? --- 1hr TF is not really showing signs of slowing down either. Visually examining the moving average will also give you a fair idea - the slope is good and its increasing in value. The shorter term EMA once it starts dipping will give us a fair warning to reconsider our bullish stance.
NSE:BANKNIFTY
by viswaram
PostMortem on BankNifty Today & Analysis of 17 APR 2023NSE:BANKNIFTY really held its cool today! During preopen INFY was showing an open rate of -10%, and everybody would have thought we are going to see a massive sell off today. IT sector in total was in focus today as the INFY even though had not so bad results was quoting at 10% lower circuit. I think I saw it go down to 12.3 or 12.5% - since I do not track the IT index that closely, it did not really bother me. However I was excited to see how bank nifty will react. You might be aware that a sell-off in IT will impact the banks the most. A recession or a job loss in IT would mean a lot of NPAs and loan defaults as IT employees are the main people who take exuberant loans at unbelievable valuations. The opening chaos is very visible in the charts of NSE:HDFCBANK , NSE:ICICIBANK and NSE:AXISBANK . NSE:SBIN had a contradicting pattern and surged ahead. NSE:KOTAKBANK was least impacted- the opening volume was unusual and it had a bright day. At 10.05 bank nifty secured its feet and then started climbing. So this blip stayed only 45mts and you would not believe how the price action from the last session continued today also. The 45mts of downward fall was well negated by what followed. I guess the dip buyers were back and immensely supported for a close +130pts today. It will also meaningful to showcase the Nifty50 chart also, since IT index took a huge beating today, it was visible in Nifty50. There was a recovery post 10.05, but the close was in red unlike the bank nifty. --- The options data also requires special mention today, both banknifty and finnifty options were unaffected by the volatility, the NSE:NIFTY options had a good ride today. At a point I saw VIX hovering around the +10%, seeing the recovery in banknifty, I was immediately convinced the best place to take an option trade was Nifty50 instead of BankNifty. This makes an exciting week ahead. If there is further weakness in IT, it will spill over to the financial sector with a delay. --- 15mts on Banknifty says the uptrend is intact and today's blip has made no special impact. We need a support break of 41624 to get some attention of the bears ! --- 1hr also looking promising for the bulls, the next resistance at 42576. In fact in zerodha's TV chart a day high near this resistance level is visible, I am not sure why its missing in the TV chart directly. And today's price action rejection came at the resistance level only.
NSE:BANKNIFTY
by viswaram
My big loss 2,18,000/- IN EXPIRY 13-4 Stoploss Vs. Account closeLearning topic : Learn from your loss Be flexible in market movement do not attach to one setup only, Always take seriously your stoploss do not ignore your loss target. If your back testing movement is accurate for 70% then also real market movement can wipe your 30% and you can have a big loss which will make your funds to 00. When such situation comes where you make your funds 00, after that take gap for atleast 4-6 weeks to gain confidence as without stable mind you cannot trade properly.
NSE:BANKNIFTY
by varshilbutani66