TECHNICAL VIEW ON XAUUSD ( ON DAILY TIME FRAME )1) Pivot point IS 1820.50
_R1 : 1828.64 | R2 : 1837.27 | R3 : 1845.24_
_S1 : 1795.44 | S2 : 1804.07 | S3 : 1812.04 _
2) Moving average ( 5, 10, 20, 50, 100, 200)
_MA5 : 1822.49(S), 1829.33(E) | MA10: 1851.61(S), 1847.47(E) | MA20: 1886.48(S), 1871.32(E)
| MA50: 1907.15(S), 1900.34(E) | MA100: 1926.74(S), 1915.11(E) | MA200: 1927.75(S), 1906.52(E)_
3) Trend analysis (MIN, HOURLY, DAILY, WEEKLY, MONTHLY )
15MIN : DOWNTREND | HOURLY : SIDEWAY | DAILY : DOWNTREND | WEEKLY : DOWNTREND | MONTHLY : NEUTRAL
4) Technical analysis (ON DAILY TF)
_RSI(14) 20.354 (Oversold) | MACD(12,26) -27.050 (Sell) | ADX(14) 49.810 (Sell) | ATR(14) 17.9862 (High Volatility)_
Pivot Points
Nifty Trading Plan for Oct First Week Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option
Nifty Support
Nifty Support 1 - 19600
Nifty Support 2 - 19490
Nifty Support 3 - 19460
Nifty Support 4 - 19365
Nifty Resistance
Nifty Resistance 1 - 19750
Nifty Resistance 2 - 19860
Nifty Resistance 3 - 19925
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.93 ( Bullish)
Max Pain As per Option Chain Analysis - 19600
Major Resistance as Per Nifty Open Interest Analysis - 19800
Major Support as Per Nifty Open Interest Analysis - 19500
Long Opportunity in Nifty Trading
On Expiry Nifty took Support on Major Support 19490
Next week First Buying opportunity will be above 19550 /19600 and Dont Buy Below 19550
Short opportunity in Nifty Trading
As we Know Nifty is in a short-term downtrend,
If nifty Sustain below 19700 /19600 then try to Short nifty or buy nifty Put option Contract keep a small stop loss
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Nifty Trading Plan For Monday 18 Sept Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong
Nifty Support
Nifty Support 1 - 20125
Nifty Support 2 - 20035
Nifty Support 3 - 19960
Nifty Support 4 - 19925
Nifty Resistance
Nifty Resistance 1 - 20200
Nifty Resistance 2 - 20240
Nifty Resistance 3 - 20340
Nifty Trend Signal From Nifty Next Week Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.99 ( Bullish)
Max Pain As per Option Chain Analysis - 19300
Major Resistance as Per Nifty Open Interest Analysis - 20000
Major Support as Per Nifty Open Interest Analysis - 20200
Long Opportunity in Nifty for Trading
On Friday Nifty took resistance of 20200 and it is the target we gave in the first week
Next week Buying opportunity will be near supports 20125, 19960, and 19930, and if the Nifty Open Gap up then the Buying opportunity will be above 20240
Nifty Short opportunity
As nifty breaks short-term downtrend, If Nifty does Not break 19860 then only short nifty with small stop loss and small targets on Downside
Resistance - 20240, 20300
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Nifty Trading Plan for Second week of Sept Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong
Nifty Support
Nifty Support 1 - 19750
Nifty Support 2 - 19650
Nifty Support 3 - 19550
Nifty Support 4 - 19450
Nifty Resistance
Nifty Resistance 1 - 19860
Nifty Resistance 2 - 20000
Nifty Resistance 3 - 20150
Nifty Resistance 4 - 20250
Nifty Trend Signal From Nifty Next Week Open Interest Analysis
PCR ratio as per Option Chain Analysis - 1.0 ( Bullish)
Max Pain As per Option Chain Analysis - 19600
Major Resistance as Per Nifty Open Interest Analysis - 20000
Major Support as Per Nifty Open Interest Analysis - 18600
Long Opportunity in Nifty for Intraday Trading
On Friday Nifty took resistance of 19860 and it is the target we gave in first week
In next week Buying opportunity will be near supports 19700, 19650, 19550, and 19450 and if the Nifty Open Gap up then the Buying opportunity will be above 19860
Nifty next week Short opportunity
As nifty breaks short-term downtrend, If Nifty does Not break 19860 then only short nifty with small stop loss and small targets on Downside
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Daily close Stop loss 31633 with a target of 38402BULLS !! Are we ready to climb the wall of worries. Daily close Stop loss 31633 with a target of 38402.
Nifty Trading Plan for Second week of Sept 2023 Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option
Nifty Support
Nifty Support 1 - 19358
Nifty Support 2 - 19240
Nifty Support 3 - 19180
Nifty Resistance
Nifty Resistance 1 - 19470
Nifty Resistance 2 - 19570
Nifty Resistance 3 - 19680
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 1.1 ( Bullish)
Max Pain As per Option Chain Analysis - 19400
Major Resistance as Per Nifty Open Interest Analysis - 19600
Major Support as Per Nifty Open Interest Analysis - 19300
Long Opportunity in Nifty for Intraday Trading
On Friday Nifty took Support sustained above 19250 and Completed the Target of 19460
Tomorrow First Buying opportunity will be above 19360 and if the Nifty Open Gap up then the Buying opportunity will be Near 19460 or 19480
Nifty Short opportunity
As we Know Nifty just changed a short-term downtrend, so Now don't expect big downside movement till Nifty goes below 19300
If nifty Sustain below 19570 then try to buy nifty Put or Short nifty keep a small stop loss and a small target
If Nifty Goes below 19350 then Take a short trade for big targets
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Nifty Trading Plan for 31 Aug 2023Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong and it is the top Nifty Trading Indicator for Nifty Intraday Trading
Support Zones for Nifty are as Given Below
S1- 19260
S2- 19180
S3 -19050
Resistance Zones for Nifty are as Given Below
R1- 19370
R2 -19440
R3 -19515
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.78 ( Bearish)
Max Pain As per Option Chain Analysis -19400
Major Resistance as Per Nifty Open Interest Analysis -19400 /19500
Major Support as Per Nifty Open Interest Analysis - 19300 /19000
Long Opportunity in Nifty for Intraday Trading
On Monday Nifty sustained above 19260 On tomorrow First Buying opportunity will be above 19315 Upside Targets for Nifty are 19360,19440
Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18315 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.
Poddar Pigments forming a 3 week tight doji patternPoddar Pigments after a good time correction is going into bullish zone again, the formation of 3 week tight doji pattern near the trend line breakout zone is a good sign of demand this scrip is getting. Looks like this pigments scrip will be giving a breakout soon. Stop loss should be placed @ 290 here.
*DISCLAIMER*
This analysis is only for educational purpose. I am not a SEBI Registered Analyst/Advisor. Please consult your financial advisor before taking any position and please use a Stop Loss for any Investments/Trading Positions. It is your hard earned money so give risk management your highest attention. Do take this disclaimer seriously.
Nifty Trading Plan for 29 Aug 2023 Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong and it is the top Nifty Trading Indicator for Nifty Intraday Trading
Support Zones for Nifty are as Given Below
S1- 19260
S2- 19180
S3 -19050
Resistance Zones for Nifty are as Given Below
R1- 19370
R2 -19440
R3 -19515
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.85 ( Bearish)
Max Pain As per Option Chain Analysis -19300
Major Resistance as Per Nifty Open Interest Analysis -19500
Major Support as Per Nifty Open Interest Analysis - 19000 /19300
Long Opportunity in Nifty for Intraday Trading
On Monday Nifty sustained above 19260 On tomorrow First Buying opportunity will be above 19315 Upside Targets for Nifty are 19360,19440
Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18315 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.
Nifty Trading Plan for Monday 28 Aug Nifty Support & Resistance is the Best Nifty Trading Indicator for Day Trading it is also called Nifty Price Action Strategy
Support Zones for Nifty are as Given Below
S1- 19180
S2- 19050
S3 -19000
Resistance Zones for Nifty are as Given Below
R1- 19270
R2 -19370
R3 -19440
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis -0.75 ( Bearish)
Max Pain As per Option Chain Analysis -19300
Major Resistance as Per Nifty Open Interest Analysis -19400
Major Support as Per Nifty Open Interest Analysis - 19000
Long Opportunity in Nifty for Intraday Trading
On Friday Nifty CLoses below 19260 On Monday First Buying opportunity will be above 19315 Upside Targets for Nifty are 19370,19440
Nifty Short opportunity
As we Know Nifty is in a short-term Down Trend, If Not sustained below 18270 then it's a short opportunity and the target is 19180, 19050, If you want to take a short trade keep a small stop loss.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 21 AUG 202321 Aug 2023
WORLD MARKETS
1. World markets has turned negative. US, Europe and Asia all are negative.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 12.14 indicatig bearishness.
2. GIFT Nifty is indicating 48 points downtick at 19262. This amounts to 43700 levels for bank nifty.
INDEX HEAVY WEIGHTS
1. HDFC Bank is bearish. It has support at 1579.5. Resistance can be seen @ 1596 . Any break of 1587 is bearish for a tgt of 1581.
2. ICICI Bank has resistance at 959. Any break of 946 is bearish. Bullish bets can be taken above 959.
3. Reliance has good sp at 2537. Any dip to 2537 is a buy. It can turn bullish above 2577. Any break of 2438 is bearish.
ANALYSIS
1. Indices are looking bearish.
2. However everyday indices gap down and consolidate . Also The gap down value is slowly coming down and market is getting rangebound.
3. Overall market is bearish.
TRADING PLAN:
1.NIFTY OPEN FLAT : Sell any rall to 19307.
2. NIFTY GAP UP ABOVE 19377: Buy Any dip to 19350 levels.
3. NIFTY GAP DOWN BELOW 19270: Sell Any rally to 19270 and increase the quantity if it break 19240 decisively.
4. BANK NIFTY OPEN BETWEEN 43950 -43770 : Sell Any rally to 43950.
5. BANK NIFTY OPEN BETWEEN 43770 - 43690 : Any rally to 43800 is a sell. Increase qty if 43690 is broken decisively.
6. BANK NIFTY OPEN ABOVE 43950: Wait for a breakout of 44020 decisively.
I AM NOT A SEBI REGISTERED TRADERR. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
Can we see more fall in NIFTY ?Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook-
Nifty highlights:
>>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike.
>>These macro incidents combined together resulted Index to stay sideways. But the game changed in June, when it broke out and nearly touched 20,000.
Current Market updates/My views
>>Right now It seems to be in a correction mode and hanging around 19300 level. "Looking at the chart, we can draw a line connecting the highest points, showing the resistance at 18800. Also, using the pivot point indicator, we identify a support level at 18800.
>> Do not get worried here, Think like this way, Every time an Index or a stock gives breakout then it suppose to retrace all the way to its Breakout level, which makes its breakout more prominent.
>>Though the numbers are dropping, does not mean the celebration is over. Track closely how it behaves near the new support area and plane your Trades accordingly. If it retraces to Breakout level I am going to aggregate more.
Keep in mind, Technical helps but it is just one part of the equation. So, stay updated with the world news, Big Financial decisions and market sentiments to understand the complete picture.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Note: This is for informational purposes only. Do your own research before investing.
#BTC 🟢 M15 LONG (Bitcoin). Long awaited failure 📣For more than one week, Sellers have been gaining selling positions... Although they haven't reached the main selling zone 32k. But there was an impressive sale .. and at the same time, grandiose discounts for 26.2K, who didn’t have time - he didn’t have time)
On the retest of the M15 imbalance near our D1 Buy Zone, we expect a hike up and a breakout of the long-awaited level of 31K.
Entry price below market opening price.(✔️)
M15 imbalance at the potential of the D1 range.(✔️)
Below the First Buyer of Exchange Options.(✔️)
According to CFTC futures reports, SHORTS prevail so far. 12851/14261 .(⚠️)
input: 26560 (on test/retest)
sl: 26223
tp1: 26898
tp2: 27566