PRE MARKET ANALYSIS OF NIFTY FOR 22 NOV 202422 NOV 2024
WORLD MARKETS
1. World markets are trading with a positive bias.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX is above 15 @ 16. This was evident in today's trade. I had indicated that 23500 straddle holders will be benefitted.
INDEX HEAVY WEIGHTS
1. HDFC Bank is trading with a positive bias.
2. ICICI Bank on the other hand has become volatile It has still resistance at 1260.
3. Reliance on the other hand is still bearish and is heading towards 1200 as explained.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23411 - 23350 : Sell any rally to 23500.
2. NIFTY OPEN ABOVE 23411 : Sell any rally to 23500 and break below 23400.
3. NIFTY OPEN BELOW 23350: Wait for a consolidation and break below 23250 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Search in ideas for "gift nifty"
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 06 NOV 202406 NOV 2024
WORLD MARKETS
1. World Markets are consolidating with a negative bias.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX is above 16 indicating high volatility . However when VIX drops from High, we may see bull move like what we saw today. Vix is down by just 3.5%.
INDEX HEAVY WEIGHTS
1. HDFC BANK has pulled back from 21 SMA. It has moved up with above average volume. We may expect more upside.
2. ICICI Bank has also pulled back from 50 SMA and closed above yesterday high. So here also we can see more upside.
3. Reliance has taken support at 1285. It has closed above 1300. So we may see a move towards 1350 levels.
ANALYSIS
1. However today it is the Bank Nifty which stole the show. It has closed above 51200. So also Nifty has closed above 24200 levels. We have to see whether These levels will hold and Nifty move towards 24500 and Bank Nifty 51700 Levels.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24319 - 24107: Buy any dip to 24050 and move above 24110.
2.NIFTY OPEN ABOVE 24319: Buy any dip to 24100 and move above 24250.
3.NIFTY OPEN BELOW 24107: Sell any rally to 24200 and fall below 24100.
4. BANK NIFTY OPEN BETWEEN 51800 - 52600: Buy any dip to 51500 levels.
5.BANK NIFTYN OPEN ABOVE 52600 : Sell any break below 52500.
6. BANK NIFTY OPEN BELOW 51800:Buy any move above 52000
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Marnet Mood - 25/09/2024Just like I posted yesterday, the market was trading rangebound between the support and the resistance levels that I mentioned.
Today doesn't seem to be any different. The range for today will be 25,876 to 26,054
American and European markets closed positively yesterday and the Asian markets are trading in positive territory this morning. GIFT Nifty is trading flat citing that the Nifty will follow suit.
As of now, there is nothing negative either globally or locally to make the markets go negative today. If it breaks the resistance barrier with huge volumes, chances are there that the markets will reach ATH today as well.
Happy Trading...
Nifty Short Selling StrategyNifty Short Selling Strategy: Targeting 780 Points with a 1:6 Risk-Reward Ratio
Introduction
As market participants analyze the Nifty index's recent performance, many are identifying potential opportunities for short selling. This article outlines a strategic approach to capitalize on the anticipated formation of a short-term top in the index, aiming for a 780-point profit with a robust 1:6 risk-reward ratio.
Market Analysis
The Nifty index has recently shown signs of consolidating at higher levels, prompting technical analysts to consider the possibility of a market correction. Several indicators suggest that the index may be reaching a short-term peak:
Overbought Conditions: Technical indicators such as the Relative Strength Index (RSI) are nearing overbought territory, suggesting that the momentum may be waning.
Resistance Levels: Historical price data indicates that the current levels are approaching key resistance points, where selling pressure typically increases.
Divergence Signals: Some stocks within the index are showing bearish divergence, indicating that they may not sustain their upward momentum, which could lead to broader market weakness.
Strategy Overview
Entry Point
The ideal entry point for this short-selling strategy is when the Nifty index demonstrates a clear reversal pattern or fails to breach resistance levels. This could be confirmed by candlestick formations, such as a bearish engulfing or shooting star pattern, alongside increasing volume on the sell side . On the latest 30 minute chart of GIFT NIFTY 25925 triggered the short sell opportunity on Nifty for upcoming trading sessions.
Stop Loss
To manage risk effectively, it is crucial to set a stop-loss order. In this strategy, a stop-loss should be placed above the identified resistance level, ensuring that potential losses are minimized. A stop-loss of approximately 130-150 points above the entry point is recommended, providing a controlled risk.
Profit Target
The profit target for this strategy is set at 780 points below the entry price. This target is based on previous support levels that have historically provided a floor for the index. Achieving this target will result in a favorable 1:6 risk-reward ratio, where the potential profit significantly outweighs the risk taken.
Risk Management
Effective risk management is essential in trading. This strategy's 1:6 risk-reward ratio means that for every point risked, there is a potential to gain six points. It’s important to remain disciplined and adhere to the stop-loss and profit target, even amidst market volatility.
Execution
Monitor Market Conditions: Keep an eye on macroeconomic factors, corporate earnings reports, and geopolitical developments that could impact market sentiment.
Use Technical Indicators: Utilize tools such as moving averages, MACD, and Fibonacci retracement levels to refine entry and exit points given opportunity included RSI Divergence , CPR , Price action , Time cycles , Direction movement index.
Stay Informed: Regularly update yourself on news that may influence the Nifty index. This includes central bank announcements, economic data releases, and significant market events.
Conclusion
This short-selling strategy for the Nifty index aims to leverage the potential formation of a short-term top while maintaining a disciplined approach to risk management. By targeting a profit of 780 points with a 1:6 risk-reward ratio, traders can position themselves effectively in a market that may be poised for a correction. As always, thorough research and a clear understanding of market dynamics are crucial for successful trading.
Disclaimer
Trading in financial markets involves risk, and it is essential to conduct your own research and consult with a financial advisor before making investment decisions.
Market Mood - 23/09/2024The market has crossed the historical resistance zone and has stopped with the trendline.
The trendline seems to be a powerful resistance zone.
The GIFT Nifty is trading at 120 points positive. Possibly the Nifty also will open gap-up.
If it opens in gap-up, it will try to fill in the gap intra-day (profit booking) and then we have to see whether the resistance trendline will offer any support.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 17 SEP 202417 Sep 2024
WORLD MARKETS
1. US markets are looking bullish.
2. It is waiting for the interest rate decision of fed. If Interest rate is kept unchanged, the market may react negatively.
INDIA VIX AND GIFT NIFTY
1. India VIX is still below 13 indicating more bullishness.
INDEX HEAVY WEIGHTS
1. HDFC Bank is in a range between 1681 - 1660.
2. ICICI Bank is bullish and has a tgt of 1274.
3. Reliance is bearish and has resistance at 2960.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 25350 - 25413: No Trade.
2. NIFTY OPEN ABOVE 25413: Sell any rally to 25500.
3. NIFTY OPEN BELOW 25350: Sell 25200 put if 25300 is sustained.
4.BANK NIFTY OPEN BETWEEN 52232 - 52074 : No Trade.
5.BANK NIFTY OPEN ABOVE 52232: Sell 52300 CALL for Any rally to 52300 and break below 52200.
6. BANK NIFTY OPEN BELOW 52074: Sell 52000 put if there is a consolidation and break above 52200 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
CONCOR -Daily - inverted Cup and Handle -BearishCONCOR—Daily—inverted Cup and Handle—Bearish.
9th Sep going to be Nifty gap down based Gift Nifty and US Market.
In that case, Concor can open below good support 939. IF price sustains below 939 for 15 minutes or 30 minutes, can test 857 as per inverted Cup and Handle pattern target
OI information:
CE OI - 1000 will act as resistance
PE OI - 940 will act as support, if sustained below 940 for 15 to 30 minutes, the price can test the 857 level.
Always welcome for any comments with your feedback, or give it a like if you find it useful.
Nifty Support and Resistance Levels for 9th Sep MondayNifty Support and Resistance levels for monday.
Immeadiate Resistance is 24880 to 24900 area .
Immeadiate Support is 24800.
Expecting a gapdown with gift nifty close on Friday night, do not jump into any trade if it big gap down let it play for 1 hr then look price action at given levels support and resistance for rejection or BO.
Note:- Support,Resistance and Targets can act as reversal points .
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 JUL 202419 Jul 2024
WORLD MARKETS
1. All the world markets are looking neutral with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is nearing 15 indicating increase in volatility as the budget nears.
2.GIFT Nifty is indicating a flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank has resistance at 1626 and support at 1608.
2. ICICI Bank has resistance at 1250 and support at 1230.
3. Reliance has support at 3110 and resistance at 3190.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24708 - 24888: Buy any dip to 24600 levels.
2. NIFTY OPEN ABOVE 24888: Wait for a dip to 24700.
3.NIFTY OPEN BELOW 24708: Wait for a consolidation between 24600 - 24700 and break above 24708.
4. BANK NIFTY OPEN BETWEEN 52558 - 52790 : Any consolidation between 52450 - 52550 and break above 52600 is a buy.
5.BANK NIFTY OPEN ABOVE 52800: Wait for a dip to 52600.
6. BANK NIFTY OPEN BELOW 52450: Wait for a consolidation and break above 52500. If it break below 52250, then sell.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
nifty bankniftynifty
Support Zone 22147_21725
Resistance Zone 23026_23338
banknifty
Support Zone 47737_46000
Resistance Zone 49974_50667_51133
The benchmark Sensex and Nifty indices are expected to open flat on June 7 following indication from GIFT Nifty, which is trading flat at 22,910.
Indian stock markets ended positively for the second consecutive session on news of the BJP-led NDA securing a third consecutive term. Global stocks rose on expectations of a US rate cut and sustained growth in artificial intelligence.
At closing, Sensex surged by 0.93 percent or 692.27 points, reaching 75,074.51, while the Nifty index closed at 22,821.40, up by 0.89 percent or 201 points. In broader indices, BSE MidCap rose by 2.3 percent, and BSE SmallCap saw a jump of 3.06 percent.
Bank nifty trades and targets - 4/6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 50 points as we are getting very few trending moves.
Nifty trades and targets - /6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
Fin nifty -Expiry and Results day Trades and targets for 4/6/24Hello Everyone. The market was in a bullish mode today. As per the gift nifty market it looks like a gap up opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 MAY 202427 May 2024
WORLD MARKETS
1. World Markets are looking neutral to bullish. Asia is looking neutral to negative.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX is still at 21.7 which is high.
2.GIFT Nifty is indicating a very flat opening.
INDEX HEAVY WEIGHTS
1. HDFC Bank is very bullish. 1530 is a very strong resistance which is 200 SMA.
2. ICICI Bank is consolidating a with a bullish bias. 1130 is a good support.
3. Reliance has support at 2953. 2960 is a strong resistance.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23000 - 22900 : NO TRADE.
2. NIFTY OPEN ABOVE 23000 : Wait for a consolidation and break above 23050 decisively.
3.NIFTY OPEN BELOW 22900 : Wait for a break below 22840.
4.BANK NIFTY OPEN BETWEEN 48850 - 49050 : NO TRADE.
5.BANK NIFTY OPEN ABOVE 49050: Wait for a break above 49100. However 49200 is also a strong resistance.
6.BANK NIFTY OPEN BELOW 48850: Wait for a break below 48750. If Bank Nifty consolidate and move above 48900, it's a buy.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
Nifty Expiry trades and targets - 23/5/24Hello Everyone. The market was in a very tight range the previous day. As per gift nifty there is strong resistance and it was not able to break it till now. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in yellow are previous resistance and support so book profits at these zones.
Sell nifty , gift nifty chart showing sell on harmonic pattern On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
NIFTY BANKNIFTYnifty
Support Zone 22415-22385
Resistance Zone 22642-22679
banknifty
Support Zone 47773-47624
Resistance Zone 48494-48659
The GIFT Nifty is indicating a flat to positive opening for the day.
n May 21, the Indian markets ended almost flat in a volatile session with Nifty managing to hold above 22,500. Among sectors, the metal index was up four percent, the power index gained two percent, PSU Bank index rose 1.5 percent, while FMCG was down 0.5 percent.
The BSE midcap index was up 0.3 percent while the smallcap index fell 0.2 percent.
Here is how financial markets across the globe fared overnight, giving you some cues about how trade is poised for today.
Nifty trades and targets - 22/5/24Hello Everyone. The market was in a very tight range the previous day. As per gift nifty there is strong resistance and it was not able to break it till now. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in yellow are previous resistance and support so book profits at these zones. We had a break of 3 days and premiums decay will happen very fast at the start and 30 minutes thereon, so be very careful before taking any trades at the first 45 minutes.
Fin nifty - Expiry Trades and targets for 21/5/24Hello Everyone. The market was in a very tight range the previous day. Its expiry so decay is going to happen a lot faster as we had 3 days break, its has to adjust all these days premiums at start and then its going to give expiry moves, so it can be double yummy or double sided sword. As per gift nifty there is strong resistance and it was not able to break it till now. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in yellow are previous resistance and support so book profits at these zones.
Bank nifty trades and targets - 21/5/24Hello Everyone. The market was in a very tight range the previous day. As per gift nifty there is strong resistance and it was not able to break it till now. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in yellow are previous resistance and support so book profits at these zones. We had a break of 3 days and premiums decay will happen very fast at the start and 50 minutes thereon, so be very careful before taking any trades at the first 45 minutes.
Nifty trades and targets - 21/5/24Hello Everyone. The market was in a very tight range the previous day. As per gift nifty there is strong resistance and it was not able to break it till now. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in yellow are previous resistance and support so book profits at these zones. We had a break of 3 days and premiums decay will happen very fast at the start and 30 minutes thereon, so be very careful before taking any trades at the first 45 minutes.
PRE MARKET ANALYSIS OF NIFTY ANDS BANK NIFTY FOR 08 MAY 202408 May 2024
WORLD MARKETS
1. All the world markets are looking very bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is above 15 @17. This indicates high volatility and high option premium.
INDEX HEAVY WEIGHTS.
1. HDFC Bank is bearish. It has resistance at 1511. It has support at 1490.
2.ICICI Bank has resistance at 1140 and it has support at 1120 and 1100.
3. Reliance is on a free fall. The next support is at 2750.
TRADING PLAN
1. NIFTY OPEN BETWEEN 22230 - 22375 : Sell Any rally to 22400 and fall below 22340.
2. NIFTY OPEN ABOVE 22375 : Any consolidation and break below 22350 is a sell. Any rally to 22500 is also a sell.
3. NIFTY OPEN BELOW 22230 : Sell any rally to 22300.
4. BANK NIFTY OPEN BETWEEN 48500 - 48060 : Sell any rally to 48600 and break below 48500 decisively.
5.BANK NIFTY OPEN ABOVE 48520. Wait for a consolidation and break above 48700. Any weakness and break below 48500 is a sell.
6.BANK NIFTY OPEN BELOW 48060 : Sell any rally to 48300
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.