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IMP LEVELS FOR 02/08/2022We witnessed a very slow trending day today, but if we look closely we did move up but with less than average volumes. Tomorrow, if we open flat we can take longs once we cross 38000, with Sl of 37920 and look for targets of 38080,38150 and 38200. Once we see a 15 min candle close above 38200, we can see 38400 tomorrow itself. In case we open with a gap, we shall wait for price to sustain above 38200 before initiating fresh longs. In case of a gap down, 37750 will act as a support area and longs can be taken with SL at 37680. The targets to look forward here will be 37900,38000 and 38100.
NSE:BANKNIFTY1!Long
by deepss4u
BANK NIFTYImportant Levels for 28-12-2021. Once we start trading above the trend line after we open flat or with a small gap down, we can take longs with SL of 50-60 points and aim for targets of 35290,35360 and 35480. But if we start moving down, 34900-34990 can act as good support area and we can take longs here with SL at 34900 and aim for targets of 35100,35190 and 35260. If we see a big gap down, we can wait for price action at the next support area of 34670-34780 and then plan trades accordingly. Similarly if we see a big gap up, we can hit the resistance zones marked but it will be safe bet to wait and see if we develop a -ve price action before jumping on to trades on the short side. OI data is more or less neutral.
NSE:BANKNIFTY1!Long
by deepss4u
NIFTYImportant Levels for 28-12-2021. We did witness a nice trending day today and a close almost at day's high. Tomorrow if we see a flat opening and prices sustaining above 17120, we can take longs in a small quantity with SL at 17100 and then add on quantity once we trade above 17150 and aim for targets of 17190,17220 and 17260. To be on the safe side, a less risky trade will be to take longs above 17150. But if we see a gap up, we shall wait for price action and then plan our trades. The perfect trade is such a situation can be to take longs if we see price taking support at 17100-17120 levels with a 25 point SL. If we see a gap down open, 17040-17050 can act as a good support zone and any +ve price action seen here with support of volumes can be a trigger for longs with a 15-20 point SL and targets of 17100,17120 and 17150. As per OI data, 17000-17200 looks to be the range as of now and we can expect good moves once this range is broken. But still we will stick to our levels and trade accordingly.
NSE:NIFTY1!Long
by deepss4u
NIFTYImportant Levels for 24-12-2021. The index traded inside a small range and no clear momentum was seen in any side. If we open flat and see 17040-17060 acting as support then we can take longs with a tight SL of 17025 for targets of 17105,17125 & 17150. But if we sustain and trade below 17025, we can take shorts with SL of 17045 for targets of 16980,16950 & 16920. If we see a gap up opening above 17100, we shall wait for a pullback and then plan our trades. If we see a gap down opening, 16920-16950 can be a good support zone and longs can be taken if we see +ve price action supported by good volumes.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 24-12-2021. The bulls wanted to stay in control but did not have the strength and eventually the bears came in and we saw a close almost at day's low. If we open flat and see price sustaining above 35150, we can take longs at 35180, with SL of 35130 for targets of 35260,35350 and 35450. but if we see price falling and sustaining below 35030, we can take shorts with SL of 35100 and aim for targets of 34900,34780 & 34700. If we see a gap up opening, we can wait for price action to develop and then take positions accordingly as per levels marked.
NSE:BANKNIFTY
by deepss4u
NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)NIFTY ANALYSIS AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS. NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS. ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE INDEX. NIFTY OPTION CHAIN ANALYSIS AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT 11300 TO 11150 AND GOOD AMOUNT OF CALL WRITING AT ALL ABOVE STRIKE PRICES INDICATING MARKET SENTIMENTS TO BEARISH. HOWEVER 11000 IS CARRYING GOOD AMOUNT OF PUT WRITING WHICH SHOWS THAT IT IS A VERY CRUCIAL SUPPORT OF THE INDEX. DEMAND AREAS - 11080-11120 // 11000-11020 SUPPLY AREAS - 11220-11245 // 11280-11300
NSE:NIFTYShort
by Devyansh_B
BANK NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)BANK NIFTY ANALYSIS AS PER THE FUTURES DATA THERE ARE NET SHORT POSITIONS IN THE MARKET AT CLOSING INDICATING SOME BEARISH SIGNS. THE IMPORTANT LEVELS WERE ALREADY SHARED I.E 21100-20900 LEVELS WHICH IS STILL A VERY IMPORTANT LEVEL, HOWEVER MARKET BROKE THOSE LEVELS TODAY BUT IT GOT PRICE REJECTION AND MARKET BOUNCED SHARPLY UPSIDE AND CLOSED AROUND 21300 LEVELS. ON THE UPSIDE 21400-21550 LEVELS IS AN IMPORTANT SUPPLY ZONE, IF BROKEN ABOVE WHICH MARKET CAN SEE BUYING TILL 21800 AND 22000 LEVELS. DEMAND ZONES - 21100-20900//20550-20400//20000 SUPPLY ZONES - 21500-21600//21850-22050//22200 BANKNIFTY OPTION CHAIN ANALYSIS AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT ALL LEVELS FROM 22000-21400 LEVELS AND GOOD AMOUNT OF CALL WRITING INDICATING MARKET IS LIKELY TO EXPIRE BELOW 21400 LEVELS AS OF NOW. THE LEVELS OF 21400-21550 LEVELS WILL ACT AS A MAJOR RESISTANCE FOR EXPIRY WHICH IS ALSO MARKED WITH HELP OF VOLUME PROFILE. ON THE SUPPORT AT 21000 LEVELS THERE HAS BEEN GOOD AMOUNT OF CALL WRITING AND VERY SMALL AMOUNT OF PUT WRITING INDICATING MARKET CAN BREAK THE LEVELS OF 21000 AS WELL. BELOW THIS LEVELS THE NEXT MAJOR SUPPORT AREA IS 20500 LEVELS. PLEASE TRADE WITH HIGH CAUTIONS - ITS EXPIRY DAY AND MARKET CAN WITNESS GOOD SWINGS AND VOLATILITY.
NSE:BANKNIFTYShort
by Devyansh_B
NIFTY VIEW for 30/OCT/2019Today we saw a very good move and long position build up. Today’s resistance point was 11800 and it worked very well today’s high is 11809. What Next? I am bullish and looking for more 170 points of move in tomorrow session and and it will touch 11970, “The market which was already trading with a positive bias picked up momentum after media reports suggested that Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are planning a series of tax alignments for equities in the coming weeks in a bid to further boost investor sentiment, sources in the Finance Ministry and NITI Aayog told CNBC Awaaz.” Source- Money Control Levels- Long @ 11770, SL- 11740 TG- 11970(for two days view) Buy on dips
NSE:NIFTYLong
by pravinmangalam
NIFTY VIEW for 22/OCT/2019@18/OCT/2019 On previous trading session nifty gave a good intraday move. And it made high of near around 11695. @Weekly Analysis Since previous two week we saw a bullish movement. @Tomorrow- Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government. Market may react on this news, so if its getting open above then you may wait for it to come 11700 level to buy. Level- Buy above @ 11700 Buy on dips. Don’t short in this market.
NSE:NIFTYLong
by pravinmangalam