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Ascending Triangle Formation in Nifty Futures.Just for Educational Purpose and Gaining Inputs from qualified professionals. It seems to me a ascending triangle formation on Nifty. Today Nifty gave a False breakout in the form of Leg "E" of the triangle. Seems that First leg of "E" wave is completed and formation of E will take time for tomorrow as well. A breakout above the trendline of BD, we can get a rally up for Nifty for 1000 points. If Levels of 21600 in Nifty Future is protected, one can initiate the Long position and wait for target to be hit. 23000 on card for Nifty.
NSE:NIFTY1!Long
by HemantBhardwaj
chart study of Nifty futureseducational purpose only chart study of Nifty futures I think 17000 followed by 17850 (doesn't look likely) will be a strong support whereas 17250 look like a minor resistance. I think one strong push and nifty futures will break through 17250 and we might see a new high. educational purpose only Please note that the trend of Nifty future doesn't change until we get a strong closing above 17900.00 but this doesn't mean we will not see swings and I am expecting one soon. The strategy till then should be sell on rise and the trades should strictly be intraday. trend will change from down to neutral once we see a closing above 17500.00 and we can expect a new uptrend above 17900
NSE:NIFTY1!Long
by virralthakkaar
Futures & Options data analysis & view for 22 AprilIn our previous post we had mentioned that if Nifty has to go down, it has to break below 20 day EMA in the next 2 days. That is what we have precisely seen. Opening scene of Day 2 – Nifty opens & stays below 20 day EMA throughout the day. We have accordingly suggested a trade in that post during market hours. Let’s analyse the data for the day… FIIs net sold 17.7K Contracts in Index Futures worth Rs 1070.57 Cr Futures data analysis - FIIs added 196 Contracts in Long position and 17.9K Contracts were shorted by them - Retail participants added 9K Long contracts & squared off 1589 short contracts - Pro traders added 3.5K Long contracts & squared off 2.9K short contracts Options data analysis Call option - FIIs bought 5.8K Call options & 7.1K Calls were shorted by them - Retail participants bought 1.07 Lakh Call options & 66.2 K Calls were shorted by them - Pro traders bought 4.2K Lakh Call options & 44.3 K Calls were shorted by them Put option - FIIs bought 3.4K Put options & 4.8K Puts were shorted by them - Retail participants booked profits / exited in 35.6K Puts Long contracts & exited from 26K Put Short contracts - Pro traders added 7.47 K Put Long contracts & squared off 3K Put shorts All in all, retail participants have gone aggressive on the Long side. They are net buyers in Futures and are net Call Long. (They were net Call buyers on 20th April too, suggesting a lot of people might have tried to average their position). FIIs are net short in Futures & keeping it light in options & Pro traders are net buyers in Futures but have balanced their position by adding Call Shorts & net buying some Put options. Important levels on the lower side 8925 / 8868 / 8822 / 8750 Important levels on the upper side 9030 / 9061 / 9118 / 9196 Level of 8860-8874 is very important. ---------------------------------------------------------------------------------------------------------------------------------------------- A note to all my retail friends who are reading and following me - please do not try to average positions in options - Do not enter the trade first and then Hope for things to happen. It's your money. You have to make things happen and YOU CAN... Just Invest some time in learning. All the best & Take care...!!!
NSE:NIFTYShort
by indiamarketoutlook
1
Bank Nifty Future Chart Levels for 29July2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Today, I am posting Bank Nifty Futures Charts instead of Bank Nifty Index Chart. Bank Nifty OI data is also quite strong for next week expiry. I will be looking for buying on dips opportunity only. At present, Risk:Reward ratio is not in favour of Bulls. I will be working with strict stoploss, trailing SL as we are working at higher end of relief rally.
NSE:BANKNIFTY1!
by manishmgupta
bank nifty futureseducational purpose only a hell lot of confusion when you try mapping levels in the hourly chart of bank nifty futures expect for one thing, trend is clearly sell on rise. I couldn't even chart a proper trend zone in the daily chart so I had to mellow down and use hourly chart and this tell me that the bank nifty futures are really out of control. nifty futures managed to cover the gap down opening levels made on 7th March but Bank Nifty couldn't cope up. it's best that trades are avoided in bank nifty futures as of now.
NSE:BANKNIFTY1!
by virralthakkaar
Bank Nifty Futures 16.05.23learly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range. Study the chart , the supports and resistance and how bank Nifty futures performs. best of learning. Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
NSE:BANKNIFTY1!
by SABMR
Study on the charts of Nifty futuresEducational purpose only Study on the charts of Nifty futures ***Dow Jones is -21 as I do this study so, we consider it flat. LTP: 17503.00 Support: 17350.00 Resistance: 17600.00 & 17750.00 17600.00 is a very crucial level in the 15 min charts. It is where the price action and supertrend meet. What I mean is, the resistance according to price action and the supertrend in the 15 min chart of Nifty futures is at 17600.00 hence I say that this is a very crucial level. We can consider a bullish approach once the prices cross and close above 17600.00 Let’s understand the indicators on the 15 min charts here. 1. There is a bullish divergence here which we cannot ignore but the MACD is struggling sideways. 2. The candles are trading below the VWMA which is a sign of weakness. 3. The supertrend is bearish. The trend doesn’t look good either. We cannot, rather, we should not decide anything based on just a single timeframe, so, let’s understand the hourly charts now. The resistance at 17600.00 has been respected from 24th of January 2022 all the way to 1st February 2022 after which we saw a breakout which resisted the next resistance at 17750.00. The theory says that the resistance becomes and acts as a support once it is broken upwards. The same happened to 17600.00 level on the 2nd of February but then the support was broken on the 3rd and it carried on till the 4th which was yesterday. This again proves my statement that 17600.00 should be considered a very important level. Let’s study the indicators now: 1. Supertrend is bearish. 2. Candles are resisting the VWMA which can never be good. 3. MACD is bearish. 4. RSI has resisted the 50 zone which is another bearish signal. It looks like a new downtrend has been made starting 3rd February as well. Now, let’s enhance our study and move on to the daily charts. The first thing I noticed here is that the high made on 19th October 2021 was 18604.45 and the next peak made on 18th January 2021 was at 18350.95. This indicates a pattern called lower highs which is bearish but going deeper, let’s study the low points made. The first low point was made on 20th December 2021 at 1641.20 and the second low point that I see is made on 25th January 2022 at 16836.80. Now this is called higher lows and when we draw a pattern from the lower highs and the higher lows, we get a pattern called the symmetrical triangle (image below) This pattern doesn’t give us an idea about the trend on its own but it does provide with liquid resistance and support. What is means is that a trend can be confirmed if the resisting or support trendline is breached. Now, going back to the main chart (hourly timeframe chart 1), let’s understand the indicators: 1. The candles have resisted the VWMA which can prove bearish. 2. Supertrend is bearish with resistance at 17900.00 3. MACD is sideways and we will consider it neutral. 4. RSI, like MACD is neutral. Now, after understanding charts drawn on all the above timeframes, let me draw a conclusion. Conclusion: 1. The trend can be considered as neutral until we get a close above 17600.00 or below 17350.00 2. Nifty seems to be range-bound between the mentioned resistance and support. 3. Trading strategy can be swing trading which means buy near the support and sell near the resistance but a long term idea cannot be derived.
NSE:NIFTY
by virralthakkaar
bank nifty futuresthe bank nifty looks weaker in the 15 mins chart. ltp: 38930 support: 38500 resistance: 39300 if you remember my study before, bank nifty futures had resistance at 38500 and 39000. now that the resistance is broken, it theoretically becomes an immediate support. rsi, divergence, macd, all the indicators are weak and the vwma is just been broken and the weakness is supported by supertrend here. if you see the hourly charts, there is a fresh bearish crossover in macd which is never a good sign. rsi and divergence is bearish as well but the supertrend is still in green. supertrend support is at 38550 so this confirms my support drawing at 38500. daily chart of bank nifty futures are still in a bullish trend. my idea would be to stay away from bank nifty futures till the trend is clear because the charts are giving us a mixed signal. as I say at times that no trade is better than a wrong trade, this is the time to implement it.
NSE:BANKNIFTY1!
by virralthakkaar
this is the hourly chart of bank nifty futures*educational purpose only* this is the hourly chart of bank nifty futures ltp: 38085 support: 37775 resistance: 38500 / 39000 the levels are almost the same as yesterday. the markets are range bound and volatile but I get nervous looking at the indicators because they are not as strong as they should be. I am not saying that bank nifty futures won't go up, they may because of the budget but what I am trying to point out here is that the bank nifty futures lack strength. the prices may rise but that doesn't assure that they will sustain. my trading advise remains the same: swing trade on strictly intraday basis
NSE:BANKNIFTY1!
by virralthakkaar
Nifty: Things to consider in Futures & Options tradingDear Trader, “We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.” – C.S. Lewis Many a times I see retail participants buying Call and Put options based on hope. Even on 10th December 2020, Data analysis suggested retail participants were buying 13400 Puts and 13500 Calls in hope of big movement which never materialized. Our F&O data analysis shared on 08th Dec 2020, when Nifty was at 13413 odd levels gave us an indication of a rangebound movement for Nifty index and accordingly a short strangle strategy was suggested to sell 13500 Call option and sell 13200 Put option for 10 Dec 2020 expiry. Nifty closed at 13478 which means the strategy gave us the desired results. One of the fundamental factors that can make a difference in your trading success depends on Are you willing to put in efforts to do your study / home work ? Let me put it in simple way for you to understand.. - In exams, who do you think has a higher probability to score better marks – one who has prepared well for exams or one who is giving exams based on luck - Who has a better chance of cracking an interview for a job – one who has prepared well for it or one who goes unprepared - at interview the interviewer asks questions and is willing to let go 10 candidates in search of that 1 Mr Right Fit candidate. Why if you are an interviewer you are willing to reject... Because the person getting selected will get salary but for Company that is an investment and we want to be sure that would be a good Return on Investment, Isn't it? - and Why as an interviewee we prepare for the interview... Because we want to start earning, right? If we can do this for the Company where we work or want to work, then why in trading (where we are dealing with our own hard earned money, we want ROI and want to start earning) we neglect the importance of these 2 factors... - ignore the importance of preparation. & - Can you let go 10 trading opportunities for that 1 opportunity that has a higher probability of success with better risk::reward ratio. Can you not be more selective in your trading decisions...? My Mission is to - empower retail traders with the right information before they enter a trade in Nifty Futures / Options, - rationalize your expectations - help you avoid make mistakes and - realize your true potential to be profitable by being selective and trading with knowledge… For details you can get in touch...!!! Follow and hit the Like button if you agree on the points above and want to improve... Let me know your views / thoughts in the comment section below. Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
4
BANK NIFTY FUTURE FOR NOVEMBERI TRIED TO LOOK AT ALL INDICATORS TO SHOW SOME SORT OF A WEAKNESS IN BANK NIFTY FUTURE. FINALLY I USED THE WILLIAM % @ OVERBOUGHT/OVERSOLD CONDITIONS. ON AN HOURLY BASIS, PRICE HAS CLOSED BELOW 5 EMA .... AND THE WILLIAM% INDICATOR HAS TURNED DOWN.... IT IS - 17.77.... AND A DROP BELOW -20 IS THE 1ST SIGN OF WEAKNESS..... AND A DROP BELOW -50 WOULD MEAN THAT THE INDICE WOULD GO ALL THE WAY DOWN TO OVERSOLD LEVELS..... HERE IS JUST AN IDEA/ METHOD TO TRY AND SEE THE VARIOUS POSSIBILITIES
NSE:BANKNIFTY2!
by deepgups