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Technical Analysis for Nifty 50 Tomorrow **Technical Analysis for Nifty 50 Tomorrow** **Support and Resistance Levels** * **Support:** 19600 * **Resistance:** 19700, 19750, 19800 **Option Open Interest** * **Support:** 19600/19500 Huge PE Writer * **Resistance:** 19700/19750/19800 Huge CE Writer **Overall Outlook** The Nifty 50 is expected to be rangebound tomorrow, with support at 19600 and resistance at 19700, 19750, and 19800. The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800. **Key Points** * The Nifty 50 has been trading in a range of 19600-19800 for the past few days. * There is strong support at 19600 and strong resistance at 19700, 19750, and 19800. * The option open interest suggests that there is strong support at 19600 and strong resistance at 19700/19750/19800. **Trading Strategy** Traders can go long on the Nifty 50 if it breaks through the 19800 resistance level. However, they should place a stop loss below the 19600 support level. Traders can also go short on the Nifty 50 if it falls below the 19600 support level. However, they should place a stop loss above the 19700 resistance level. **Disclaimer** This is not a financial advice. Please do your own research before making any trading decisions.
NSE:NIFTYLong
by santubittu
4
Technical Analysis for Bank Nifty Tomorrow**Technical Analysis for Bank Nifty Tomorrow** **Support and Resistance Levels** * **Support:** 44500, 44400 * **Resistance:** 44700, 44800, 45000 **Option Open Interest** * **Support:** 44500 Put Writer is huge as compared to CE Writer * **Resistance:** 44700/44800 and 45000 **Overall Outlook** The Bank Nifty is expected to move bullish tomorrow. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000. If the Bank Nifty is unable to break through these levels, it could face selling pressure. **Key Points** * The Bank Nifty is in a sideways trend today, with no major buying or selling movement. * 44900 is a strong resistance level on the upside, while 44400 is a strong support level on the downside. * The option open interest suggests that there is strong support at 44500 and strong resistance at 44700/44800 and 45000. * The overall outlook for the Bank Nifty tomorrow is bullish. However, it is important to note that there are strong resistance levels at 44700, 44800, and 45000. **Trading Strategy** Traders can go long on the Bank Nifty if it breaks through the 44900 resistance level. However, they should place a stop loss below the 44500 support level. Traders can also go short on the Bank Nifty if it falls below the 44400 support level. However, they should place a stop loss above the 44900 resistance level. **Disclaimer** This is not a financial advice. Please do your own research before making any trading decisions.
NSE:BANKNIFTYLong
by santubittu
2
Technical Analysis of Finnifty for Tomorrow **Technical Analysis of CNX Finance for Tomorrow (26 September 2023)** **Support:** * 19800 (Big Support) **Resistance:** * 20000 **Overall Analysis:** The CNX Finance index is currently trading at 19850, just below the resistance level of 20000. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 20000. The index has strong support at 19800, and there is a lot of put writers at this level. Therefore, if the index breaks above 20000, it could face strong buying pressure. **Good Points:** * The index has strong support at 19800. * There is a lot of put writers at the 19800 level. * The index could move upside if it breaks above 20000. **Trading Strategy:** * **Bullish Traders:** If the CNX Finance index breaks above 20000, bullish traders can enter long positions with a stop loss below 19950. * **Bearish Traders:** If the CNX Finance index breaks below 19800, bearish traders can enter short positions with a stop loss above 19850. **Overall, the CNX Finance index is likely to move in a range of 19800-20000 tomorrow. However, there is a good chance that the index could move upside if it breaks above 20000.** **Disclaimer:** This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions. **Additional Notes:** * The CNX Finance index is a basket of stocks of Indian financial companies. The index includes banks, non-banking financial companies (NBFCs), insurance companies, and other financial institutions. * The index is an important indicator of the performance of the Indian financial sector. A strong performance of the index indicates that the Indian financial sector is healthy and growing. * Investors who are interested in investing in the Indian financial sector can consider investing in the CNX Finance index ETF.
NSE:CNXFINANCELong
by santubittu
Technical Analysis of Nifty 50 for TomorrowTechnical Analysis of Nifty 50 for Tomorrow (26 September 2023) with Good Points Support: 19600-19500 (Strong Support) Resistance: 19800 (Big Resistance) Overall Analysis: The Nifty 50 index is currently trading at 19674.55, just below the resistance level of 19800. The index has been in a sideways to bearish phase for the past few weeks, and the overall market sentiment is bearish. However, there is a good chance that the index could move upside tomorrow if it breaks above 19800. The index has strong support at 19600-19500, and there is a lot of put writers at this level. Therefore, if the index breaks above 19800, it could face strong buying pressure. Good Points: The index has strong support at 19600-19500. There is a lot of put writers at the 19600-19500 level. The index could move upside if it breaks above 19800. Trading Strategy: Bullish Traders: If the Nifty 50 index breaks above 19800, bullish traders can enter long positions with a stop loss below 19750. Bearish Traders: If the Nifty 50 index breaks below 19600, bearish traders can enter short positions with a stop loss above 19650. Overall, the Nifty 50 index is likely to move in a range of 19600-19800 tomorrow. However, there is a good chance that the index could move upside if it breaks above 19800. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by santubittu
Technical Analysis of Bank Nifty for Tomorrow Technical Analysis of Bank Nifty for Tomorrow (26 September 2023) Support: 44500 (Big Support) 44700/44600 Resistance: 45000 (Big Resistance) Overall Analysis: The Bank Nifty index is currently in a consolidation phase, with a strong support zone at 44500 and a strong resistance zone at 45000. If the index breaks below 44500, it could fall further to 44400 or even lower. On the other hand, if the index breaks above 45000, it could rally to 45900 or even higher. However, it is important to note that the 45000 strike price has a huge concentration of call writers. This suggests that there is strong resistance at this level. Therefore, traders should be cautious before taking any bullish bets on Bank Nifty. Trading Strategy: Bullish Traders: If the Bank Nifty index breaks above 45000, bullish traders can enter long positions with a stop loss below 44900. Bearish Traders: If the Bank Nifty index breaks below 44500, bearish traders can enter short positions with a stop loss above 44700. Overall, the Bank Nifty index is likely to remain in a consolidation phase tomorrow. Traders should be cautious before taking any bets on the index. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by santubittu
Technical Analysis for Nifty50 for Tomorrow**Technical Analysis for Nifty50 for Tomorrow - September 25, 2023** **Overall Outlook** Nifty50 is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 19,700, then the 19,600 level will act as a support. On the upside, the resistance levels are 19,800 and 19,900-20,000. **Support and Resistance Levels** **Supports:** * 19,600 (strong support as per OI data) **Resistances:** * 19,800 * 19,900-20,000 **Trading Strategy** * **Buy:** If the market trades above 19,800 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 19,600 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Nifty50 is a broad market index, and it is sensitive to global market trends. * If the global markets continue to remain negative, it could weigh on Nifty50 as well. * However, if the market opens above 19,700 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade. **Disclaimer:** This is just a technical analysis and is not a recommendation to buy or sell any security. Please do your own research before making any investment decisions.
NSE:NIFTYShort
by santubittu
Bank Nifty Technical Analysis for Tomorrow **Bank Nifty Technical Analysis for Tomorrow - September 25, 2023** **Overall Outlook** Bank Nifty is expected to open negative tomorrow, following the negative global markets. However, if the market opens above 44,550, then the 44,500 level will act as a support. On the upside, the resistance levels are 44,970 and 45,200-45,400. **Support and Resistance Levels** **Supports:** * 44,500 (strong support as per OI data) **Resistances:** * 44,800/44,900 * 45,000 * 44,970 * 45,200-45,400 **Trading Strategy** * **Buy:** If the market trades above 44,970 and closes with a 15-minute green candle, then a buying side movement can be expected. * **Sell:** Wait for a breakdown of 44,300 before selling. **Note:** Please follow price action and wait for opportunities to trade. **Additional Comments** * The global markets are negative due to concerns about rising interest rates and a potential recession. * Bank Nifty is a banking sector index, and the banking sector is sensitive to interest rates. * If the global markets continue to remain negative, it could weigh on Bank Nifty as well. * However, if the market opens above 44,550 tomorrow and closes with a 15-minute green candle, then it could signal a bullish reversal. * Traders should carefully monitor the price action and wait for opportunities to trade.
NSE:BANKNIFTYShort
by santubittu
Bank Nifty Analysis For 22Sept2023 **Market Outlook** The market has been in a downtrend for the past few days, and is likely to continue to be bearish tomorrow. The Bank-Nifty is expected to open gap-down, with a first resistance at 44600 and a second resistance at 45000. If the BankNifty breaks 44600 and closes a green candle on the 5-minute chart, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Key Support and Resistance Levels** * Support: 43900, 43600 * Resistance: 44200, 44600, 45000 **OI Data** The OI data for the market is not very bullish, with only 44500 having good support. On the resistance side, the market has strong resistance at 44800 and 45000. **Trading Strategy** Wait for the market to open and then watch the price action. If the Nifty opens a gap-down and breaks 44600, then traders can go long. However, if the Nifty breaks 44200, then traders can expect further downside movement to 43900 and below. **Disclaimer** This is just a professional stock market analysis for tomorrow, September 22, 2023. It is not financial advice, and traders should always do their own research before making any investment decisions.
NSE:BANKNIFTYShort
by santubittu
Nify50 Support Resistance 18sept2023 If You Watch the Index in Day Candel You See Market Continue Upside move no retest or sideway. so for technical analysis, we know the market needs to test or retest then the market can go upside.. For Tommorw Support Resistance Market Rejection From All-Time High 20200 if the Market goes Upside above 20200 or closes a green candle 5 mint then we can again see a sideway market or buying market Support Levels 20100/20050 AsPer OI Data Support Resistance at Nifty50 Big Support 20100/20000 Big Resistance 2020/20300 if market sustenance above 20200 then we can see a buy-side move because of call writer are high Follow me For update #nifty #banknifty #niftyanalyis #supportresistance #marketindexanalyis #santubittu
NSE:NIFTY
by santubittu
Bank Nifty Support Resistance For Tomorrow Already We Discussed About the Market if market opens a gap-up market can retest the closing Price and That Happened Today. For Tomorrow We Need a Closing Green Candel Above 46150 Today Market high 46163 For tomorrow #Support Levels: 45800/45700 Big And Major Support if the market breaks 45800 tomorrow then fall possibly came #Resistance Levels: The market Only has big Resistance On the Upper Side is 44100 to 44150 AS PER OI Data Resistance Levels: 46000 and 46100 Support Levels: 45800 /45900 Total PUT Writer: 3,09,33,775 Total CE Writer: 3,32,44,170 #Followme #bankniftylevel #tradng #optiontrading #livetradng #chartanalyis #tradingview #Ideascharts #analyis #optiontrading
NSE:BANKNIFTYLong
by santubittu
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