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26th Oct ’23 - Nifty hits the jackpot of 18880 - PostMortemNifty Weekly Expiry Analysis Nifty fell a whopping 765pts ~ 3.90% between the last expiry and today. Most importantly it has retraced all its gains from 28th June to close below 18880. We will cover why that is relevant below, but this fall of 4% signals a reversal in trend. Even though VIX is still below 12%, it is showing a tendency to spike, reassuring the bearish sentiment. Nifty Today’s Analysis Recap from yesterday: “On the daily timeframe, the next possible candle that should appear should have its low touching the 18880 level (best case). If Nifty manages to pull this out, it will be an awesome November and December month getting lined up for the Bears. Since Nifty went up from 18880 to 19310 as 3 white soldiers, the return should be nothing less than 3 black crows.” Nifty50 was quite benevolent today, we set a target of 18880 and Nifty hit that by 10.55. That’s a first - 99 out of 100 days the strategy we set for days like these ends up worthless. A day like today will ensure that 1 day is good enough for the options to go deep in the money. We had a gap down open of -86pts ~ 0.45% and from there we fell another 193pts ~ 1.02%. The final close was at 18857. The chart may not paint the severity of the move since its on a logarithmic scale - but trust me, the pain was much more. Except for AXIS, ITC and HCLTECH - the cuts were pretty steep for everything else. On the 1hr chart, the intensity of the first candle is quite obvious. We took out 211 ~1.11% in the first hour itself. The remainder of the day was more or less sideways with a slight bearish intent. On the daily TF, notice the orange color encircled regions. You can quickly relate what 3 white soldiers and 3 black crows are. Today’s closing ensures we retouched the new ATH set on 01 Dec 2022 & 19 Jun 2023. Further price action should be interesting as the global macros keep on deteriorating. For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.
NSE:NIFTYShort
by viswaram
Bank Nifty Technical analysis for Tomorrow Your technical analysis for Bank Nifty on 05/10/23 i. Here is a summary: **Market View:** Bearish **Support Levels:** 43770 **Resistance Levels:** 43995/44200/44400 **Analysis:** * Bank Nifty is currently in a bearish trend. * If the market breaks below 43770, further downside is possible, down to 43500. * On the upside, resistance is seen at 43995/44200/44400. **Conclusion:** Traders should be cautious about buying options in Bank Nifty, as the market is in a bearish trend. If the market breaks below 43770, traders should look to sell short. **Additional Notes:** * It is important to note that technical analysis is not a perfect predictor of future market movements. Traders should always use risk management techniques when trading. * It is also important to consider other factors, such as fundamental and macroeconomic data, when making trading decisions. **Disclaimer:** This is not financial advice. Please do your own research before making any trading decisions.
NSE:BANKNIFTYShort
by santubittu
PostMortem on BankNifty Today & Analysis of 19 MAY 2023 There was so much of hidden meaning in today's price action. Both banknifty and Nifty50 opened gap-up and then started falling. Banknifty fell 0.97% from High to Low, whereas Nifty fell 0.66% only.  This fall is the 1st anomaly, this happened at a time when NiftyIT was roaring! It opened gap-up and was shooting up. Which goes to prove that either Reliance or BankNifty had to fall to enable Nifty50 to continue its price action from the previous day. It was not normal to expect banknifty to keep falling as it has been creating continuous higher lows for a long time now. The question was when will it reverse, because my marked SR level is 43253, and other than the 1hr red candle there was no follow through. Banknifty took some time to gain strength and then started breaking out at 13.50, it went up 393pts by 15.10 and almost hitting the recent swing high.  What this did to N50 is the 2nd anomaly, it helped it snap out of the bearish sentiment. Sometimes a 40% weighted component like BN can pull so much of weight to turn the bias of N50 (really fascinating). This small momentum could help Nifty conquer the 2 resistances in the upcoming week. The options data was not hinting at this reversal, till 13.00 - the CEs were getting aggressively written. And once this sentiment changed more participants started writing PEs. Why is there so much buying at the top levels, I do not really know. Is FOMO fever back? Saw a news DAX (Germany) hit a new 52wk high. So the bearish cloud is starting to disappear for real? (to view all 6 charts & indicators visit viswaram. com) --- From a trading perspective these need not bother you. Longer term investments can be done via SIPs or lumpsum based on whether your main income is from salary or self-employment. Traders are in the business of speculation, i.e in the short-term where the markets are likely to go (or not go). And factually traders need not have FOMO - just need to get your views backed by solid research. If you are just starting out, go ahead with credit spreads in weekly expiries. It will give you learnings if your view is wrong & earnings if its right.
NSE:BANKNIFTY
by viswaram
LONG STRANGLE OPTION STRATEGY A long strangle gives you the right to sell the stock at strike price A and the right to buy the stock at strike price B. The goal is to profit if the stock makes a move in either direction. However, buying both a call and a put increases the cost of your position, especially for a volatile stock. So you’ll need a significant price swing just to break even. The difference between a long strangle and a long straddle is that you separate the strike prices for the two legs of the trade. That reduces the net cost of running this strategy, since the options you buy will be out-of-the-money. The tradeoff is, because you’re dealing with an out-of-the-money call and an out-of-the-money put, the stock will need to move even more significantly before you make a profit.
NSE:NIFTYLong
by tradewith_ritik
2
PostMortem on BankNifty Today & Analysis of 09 MAY 2023 finniftyThe real move came a little late today, from 12.45 to close wherein NSE:BANKNIFTY gave up 403pts ~ 0.93%. I was expecting the fall to come in the morning session - but the finnifty expiry trades would have limited this damage to a great extent. For some reason Axis Bank and IndusInd bank was quite strong today counter balancing the fall in SBI. Remember the Fibonacci discussion we had yesterday - seems like its playing its part, but not until all the strike premiums got eroded on NSE:CNXFINANCE .  The late movements on the index has become a mainstay these days - it is a safe strategy for the big boys not to burn their pockets. So today banknifty has taken out 1 support level at 43253, at 15.10 (5mts TF). All that while the markets were slowly grinding up, I was also quite surprised by the strength showed by the bulls today - with a negative sentiment prevailing they were not giving up. It took 4 red candles from 13.45 to 14.00 just to shake them. --- 15mts TF has not turned bearish yet, we would need a close below 42576 for that. At any point in the next 3 sessions if NSE:BANKNIFTY is able to take out 43700 levels then the chart will look bullish. So if the bears has to do something - now is the time. --- 1hr TF is shown with the FIB levels, today's reversal came at 78.6% retracement level and not at 61.8% (so my first assumption was wrong). Also the strength of the bulls were too strong that my bearish opinions were weakly held. --- Finnifty had a similar pattern to banknifty, but the support provided by HDFC in the early part of the day was quite evident. The FIB levels are exactly same for both the indices - today's reversal came exactly at the resistance zone of 19421. From an expiry stand point, the margin requirements on finnifty options are comparatively lower giving a higher returns for the same risk vs banknifty. Will NSE:CNXFINANCE gain more popularity than banknifty due to this??
NSE:BANKNIFTY
by viswaram
#HDFC Looking good for today 15 mar 23#hdfc... ✅▶️ ⛳️⛳️⛳️⛳️⛳️⛳️⛳️⛳️⛳️ Intraday as well as swing trade 🔷All levels given in charts ... we provide stock as well as option level over their 🔷 IF good potential seen then we work in options also 🔷 if activate then possible a huge movement Keep eye on this ... 🔷We take trade only when it activates... 🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻 Possible to give good target 👍👍👍👍👍👍👍👍👍 TRADING FACTS
HShort
by trading_facts96
Bank Nifty Options 30 Nov 2022As discussed in morning Nifty easily crossed ATH and remained in a narrow range puncturing put options. Nifty remains in a range bound environment for 4-5 sessions more with one impending sell off on expiry day +- 1. Decision range 43063-43124 Support for the day 42909 Resistance for the day 43246 Expectations One sell off is expected near expiry , apart from that mkt remains range bound before VIX shoots up again next week Real time updates Strategy and levels discussed before open as usual , all details below
NSE:BANKNIFTY
by Bigbear2022
Nifty Intraday Options TradingBull Power is moving below 40 indicating weak market. Let Nifty Move upto 15800 to touch its resistance and then buy 15 Jul 15800PE with 50% of PE price as Stop Loss and 100-200% as profit targets. Do not buy CE until Nifty moves above 15900 and Bull Power moves above 65 for momentum to pick. Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
NSE:NIFTY1!Short
by Gann-Elliott-Trader
Index Options ProspectiveThis is simple strategy where we buy at the low point of the market , then Accumulate and expect the Movement. Always look at daily pivot any thing that breaks S3 on Long side and holds on 15 min Chart, Go long book profits around S2 then wait for a dip below S3 or around S3 and then buy for Day 2. This is expected to execute in 2 day but market can get sideways hold tight. This can be applied for PE option , With weekly option don't go for OTM options. The option prices are relatively cheaper with new SEBI rules. Create position with a 40/60 Combination of Monthly and Weekly option.
NSEIX:NIFTY1!Long
by AarishNissar
1
Bank Nifty options 1 March 2021As discussed before open bank Nifty hit a low of 34658 against our projection of 34447 , puts went 3x in no time in 2 hours flat , algos were unable to fire orders as zerodha blocked lower strike options. Live trades and levels were shared on public channels to make use of fall by manual punching. Tradetron and AWS algos remained on standby ( description below ) Decision range 34950-35293 Support for the day 34335 Resistance for the day 35595 Expectations Range bound day Real time updates Public channels ( description below ) and algos are updated during mkt hours , trading rooms updated before open
NSE:BANKNIFTY
by Bigbear2022
Bank Nifty Options 21 Dec 2020 As discussed before open , bank nifty continued a range bound session without much activity in options. Option volatility parameter V( rm ) is still below 11.4 which means market can grind for some more time before big volatility kicks in. Kings India weekly challenge - option selling platform which clocked more than 791% in 28 weeks is back in action next week , last week market for too sluggish for clean option selling. Traders can contact operators regarding participating in the platform * description in profile page ) Decision range 30614-30681 Resistance for the day 30923 Support for the day 30438 Expectations Volatile day Real time updates Tune in to radio channel for intraday algo updates
NSE:BANKNIFTY
by Bigbear2022
Bank nifty options 15 Dec 2020As discussed before open in queen gambit Bank nifty hit a high of 30835 against our projected high of 30858, nifty hit a high of 13597 against our projection of 13618 , nifty hit a low of 13472 against our projection of 13458. Most of the day was listless with a small range. Kings Indian weekly resumed today which clocked a gains of 791% in 28 weeks , however no trade could be initiated due to lack of movement in options. Details shared at radio channel ( description in profile ) Decision range 30729-30750 Support for the day 30628 Resistance for the day 30854 Expectations Big trend day Real time updates Traders given updates on radio channel without any fee ( description in profile )
NSE:BANKNIFTY
by Bigbear2022
Nifty is able to save 11900 then there are good chances that We could have happier if we could mark the same bullish counts on Nifty too, but the Nifty’s chart is bit confusing. This may be due to the 2020 Union Budget. The markets reacts to an big event like these in just the opposite way before the event, this is because of sentiment overshoot. You may have noticed that generally before a big event the markets correct. While the options premium says everything about the current sentiment spur, the charts speak the fact. Nifty has to save 11900 on closing basis below this level it may drag itself to 11550 & 11210. However if Nifty is able to save 11900 then there are good chances that Nifty may pullup to 12250, 12400 & 12900 levels.
NSE:NIFTY
by BharatJhunjhunwala
BANKNIFTY Set for New Highs?BANK NIFTY: The index was over performing Nifty for the day, closed positive on weekly basis. Hovering around the breakout levels. Most of intraday’s gain was given away. The trend is up as RSI is well above the 60 levels. Any pullback to 30250 will be a healthy pullback, below it the index may further drift to 29350 levels. Any positive price action between these levels should be utilized for creating longs. Below 29350 the index may get into serious trouble. . Our “ProRSI moblile trading application has been launched on Play Store and IOS, get high probability trading ideas in equities, futures and options. Download Now.
NSE:BANKNIFTY
by BharatJhunjhunwala