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Nifty FuturesLet's understand the daily charts of Nifty Futures. We study daily charts to understand the long term nature of the stock. Candles have taken support at 100 DEMA. The value of 100 DEMA is 14191. MACD has the blue line below the orange one which is a bearish sign and to add on, it is trading below the zero zone with is bearish as well. RSI has resisted 50 mark as well. Bearish indicator again. Overall, nifty futures look quite weak at this point. Now, lets take a look at hourly chart of nifty futures. The hourly charts help us understand the medium term view. Clearly weak as the DEMA are falling. They are aligned in a complete bear pattern at this point of time. MACD again is in the bear zone with a bearish formation. RSI is below 50 mark but divergence indicator does have a bull signal. We will keep this in mind but we will not act on it immediately. Overall, even the hourly charts show weakness. 15m charts help us understand the short term or intraday views. There is a bull candle called the Marubozu White but there is no strong confirmation candle following. Again, we will keep this in mind but won't act on it as any pattern is incomplete without a follow up. MACD is in the bear zone but the red volume bars are fading so we will wait and watch till we get a confirmed trend indication. We will consider this as neutral at this level. RSI is clearly showing weakness as it is trading below the 50 mark and very close to 30 levels. We will wait for the markets to open and stabilize before we enter trades. Traders can go long when the levels feel perfect as RSI, if slipped below 20 will mean that nifty futures are overbought. We can take a risk as today is the expiry and the short positions needs to be covered so we can see a pull back.
NSE:NIFTY1!Long
by virralthakkaar
Nifty Futures SentimentCan the premium or discount in Index Futures tell us anything about upcoming market moves? Generally, when discount widens, the bearish mood of the market is increasing. When premium widens, the bullish mood of the market is increasing. However, sometimes premium may also fall due to: 1. When FII’s are long on the markets, they short Nifty futures as a hedge. Nifty Futures are less volatile than individual stocks. If the stocks move up, the loss in the futures will be relatively less. This selling results in a huge discount on the Nifty Futures. 2. Another reason for Discount happens during result season when Companies declare dividends, Index stocks go ex-dividend and it leads to discount in Nifty. In the below chart, I ran a 20-day Simple moving average (yellow line) of (Nifty Futures Price – Nifty Spot Price) and a 9-period EMA (aqua line) of the moving average itself. Observations: 1. A downward crossover is near to a short-term bottom in the market (during bull markets). 2. This also means, traders are not outright bullish on markets when a bottom is formed and participate later on. 3. Markets ended with 5.8 premium on 20th April. 4. This could mean we are near a bottom unless we are in a big bear market like March 2020. Disclaimer: This is only for educational purposes and should not be considered as investment/trading advice.
NSE:NIFTY
by Shivam_Gaba
3
Nifty Future: Support and Resistance for 24th May 2021Hello Traders! Nifty Future Support and Resistance levels for 24th May,2021 based on Option Open Interest Data. Maximum CE writing as per change in CE Lots are at 15500CE strike, also there is a Supply Quasimodo Power Pattern at that point. So 15500 will be a strong resistance for next week. But market is strong can break the supply and move up side. Note: Like previous day (22-05-2021) if price open Gap Up above any Resistance then that will act as support. & vice versa. Thank you Trade safe and be safe
NSE:NIFTYK2021
by Soumen106
1
nifty futureeducational purpose only I come bearing the same old news. hourly chart of nifty future shows that we continue to be in a bear market. Yes, there would be bounce back but a trend reversal is no where in sight just as yet. I've marked all the important levels to be considered as resistances and support on the charts. the point to notice is that there are way more resistance levels over support. the resisting trendline has not be breached yet but the supporting trendline has been crash many a times and this indicates selling pressure on nifty futures. my strategy remains the same, sell on rise
NSE:NIFTY1!Short
by virralthakkaar
Nifty Future Levels 17th May 2023Clearly 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 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:NIFTY1!
by SABMR
nifty futureseducational purpose only I made some good money on the bounce back today but the market is still a bears market. picture is quite clear on the hourly charts of nifty future. important levels strong support: 15700 strong resistance: 16350 I don't think that 15900 will be broken anytime soon. the charts need a lot of strength to break strong levels. there should be a bounce, just like when we hammer, the charts will go up before coming down hitting the supports hard. the market for me remains sell on rise. we can sell nifty futures near 16350 / 16400 and keep a stop loss above 16775.
NSE:NIFTY1!Short
by virralthakkaar
Nifty futures returns A few months back I started with the idea of achieving the best using current indicators and taking the best of them modifying the code to my needs. Idea was not to aim at producing the holy grail in trading but as to how far I can stretch and produce results from a single lot of Nifty futures. Results are as below from back testing using modified indicators and creating own strategies from freely available ones. Now need to strictly follow and see how the results pan out in the coming weeks and months. The whole setup just uses one strategy and one indicator. Will keep this post updated.
NSE:NIFTY1!
by bgkumar74
nifty futureseducational purpose only nifty futures too seem to have gone into a range bound or a sideways trend now. this should be considered as a positive signal in the bearish market. we can think about it as nifty future is gathering strength to try a trend reversal. if you study the chart, you will see that this is actually the first consolidation since the bearish trend has started. there were bounce backs and falls but now, the trend seems like a proper sideways trend.
NSE:NIFTY1!Long
by virralthakkaar
Buy Nifty FuturesNifty Futures Support: 15694 Resistance: 15897 It is evident that the Nifty Futures are range-bound since 3rd June 2021. Nifty futures did trade at the highs of 15870 levels yesterday but clearly the strength is not enough for it to sustain the higher levels. Another point to notice is that the futures are in discount over the spot prices. Nifty spot closed at 15746.45 whereas the futures closed trading at 15734.65 and this isn't a good sign. Futures trading in discounts indicate that new short positions are being made. The volume bars also indicate selling. There were very few and very weak green bars and the red ones clearly dominate. This may indicate a bounceback as when when the sellers are covering up their short positions. The 15m charts have a Bullish Engulfing candle followed by 2 other green ones which can be considered as confirming candles. The hourly chart has a candle which looks like a reversal (very close to a doji but not a doji) followed by a strong green one which may be a confirmation to a bounce back. There are 2 supports Intraday: below 15650 Positional: below 15550 I am a bull so I will always look for an opportunity to buy but one should exit positions if the futures break and sustain below 15500.
NSE:NIFTY1!Long
by virralthakkaar
Nifty Futures - Oct 6Primary Trend : Negative Range-Bound Trend : All up Moves can initiate profit Booking @ 19630 whereas All Down Moves can Initiate Short Covering @ 19500 Upside: If Nifty futures for the Oct Series move above 19550 and sustain. Then Nifty futures can touch 19616 and then 19675 during the day. Downside: If the support of 19519 is broken then Nifty Futures can touch 19460 and then 19412. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit Singh Virdi
NSE:NIFTY1!
by ssvirdi
Nifty Futures Levels 16.05.23Clearly 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:NIFTY1!
by SABMR
nifty futureseducational purpose only 5 min (intraday) chart of nifty futures I don't like saying this again and again but I will, I told you that I am not optimistic about the markets and here we go, a steep fall again. I did try to trade long today and my SL was triggered so I can say that even I didn't listen to myself. anyways, getting back to the topic. ltp: 17504.85 support: 17400 resistance: 17650 / 17750 rsi indicates that nifty futures are in an oversold zone which means we can see a bounce back sometime tomorrow. let me also tell you that if the bounce back is delayed and the rsi stays in the oversold zone for a while, we may witness an unexpected fall. macd is looking weak as well. educational purpose only the rsi in the 15 min chart does say that there is still some more space downwards. macd is weak as well. another thing to notice here is that the supertrend is at 18653 and my support mentioned earlier was at 17650. this means that long positions can be made above 17650 but then there is an immediate resistance at 17750. the support is way lower. this means that the risk to reward ratio isn't favorable and it won't be wise to go long till we can get a clear daily trend or pattern tomorrow. the supertrend in hourly chart has made a fresh bearish signal which now supports my idea that the best trading strategy for tomorrow could be sell on rise. the sl for short positions will be above the supertrend which is at 17800. the supertrend or the resistance for short positions on the daily chart is at 17900. remember when I had mentioned that the trend for nifty futures is either neutral or down until it break and sustains 17900 zone? well, here is the proof now. rsi is weak and so is macd and the candles have just crossed the vwma which is never a good sign.
NSE:NIFTY1!Short
by virralthakkaar
Nifty futures*Educational purpose only | I am not a SEBI registered professional and I am not trying to give trading calls! Daily chart of Nifty Future 1. The chart is clearly in a downtrend and the candles are not being able cross the trendline above. Candles touched the resistance, the upper trendline line on the 24th of December but couldn’t break it. 2. A strong support is at 16700 levels and the resistance is seen at 17400+. The candles have not been able to break the resistance after 14th December and the down trend has continued. 3. 17150 and 16930 is a strong sell zone so long positions can only be built once the candles cross and sustain above 17150. 4. MACD signals show a sideways trend, but RSI has above the 50 zone. *it is better not to trade unless we can identify a solid trend.
NSE:NIFTY1!
by virralthakkaar
Nifty FuturesI will become a bear today. The candles in the chart of Nifty Futures are way above the trend-lines. I don't mean to say the the markets will crash or that we will see a fall but I am sure that a correction is due. Look at it like an airplane. I reaches a certain altitude after the take-off and then corrects itslef to a certain level where it will get some support if the weather goes bad. If you check the chart going back a few months, you will find the the candles have come down to the support trend-line after every bull run and after crossing the resistance trend-line. Nifty futures have a support at 17500 but the base is at 17000 - 17200 zone. If you are a swing trader and can take risk, my call will be sell Nifty Futures CMP: 17900.00 Stop Loss above 18100.00 Targets: 17500.00 and below.
NSE:NIFTY1!Long
by virralthakkaar
Nifty Futures Intraday Levels | 28-JUNE-2024#Optionbuyers #Niftyoptionscalping 1️⃣ Zones you always Like:- 👉Green zone- Institutional support 👉Red zone - Institutional resistance 👉Gap between institutional zones is always of 100 points 👉Zone is created with the help of pivot points and Fibonacci 👉Advance version of price action 👉Trades based on Nifty future chart 2️⃣ Trade Execution:- 👉Trade based on order flow data 👉Timeframe - 1 min and 5 min 👉Risk Reward Ratio always 1:2 👉Strike price always ATM & slightly ITM 👉Maintain Position sizing according to your own method 3️⃣ House Rules in trading:- 👉Sharp at 9:15 AM 👉Priority to risk management 👉Fast execution (morning breakfast) 👉Stop-loss 10 points (strictly) #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏FOLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:NIFTY1!
by ReviveTraders