PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 SEP 202304 Sep 2023
WORLD MARKETS
1. S&P and NASDAQ is looking bullish. While DJI is neutral to bearish.
2. Europe and Asia are mixed with a bullish bias.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 11.3 indicating reduction in volatility. We may see a pull back of nifty to 19700 levels and Bank nifty to 45200 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank is consolidatinng. 1585 is a strong resistance. 1560 is a good support. It can turn bearish only below 1554. It is short term bullish.
2. ICICI Bank is trading in a range between 960 - 980. Break of 975 is bullish for a tgt of 990. 948. - 950 is a good support area. Any break of 948 will be bearish.
3. Reliance is still bearish. 2400 is a strong support.Any break of 2400 will be bearish. Any break of 2425 will be bullish.
ANALYSIS
1. World markets are consolidating with bullish bias. Index heavy weights have pulled back and looking bullish.
2. Reduction in VIX may indicate short term bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 19490-19379: Any dip to 19350 is a buy. Wait for a pullback above 19380.
2. NIFTY OPEN BELOW 19380 :Wait for a breakout above 19385 for long position. Wait for a break down of 19310 for a short.
NIFTY OPEN ABOVE 19490: Wait for a pull back to 19430 - 19400 for a buy.
4.BANK NIFTY OPEN BETWEEN 44230 - 44639: Any dip to 44230 is a buy. Any decisive break out of 44500 is a buy.
5. BANK NIFTY OPEN BELOW 44230: Wait for a break down of 44000 for short. However if it consolidate @ 44000 and break above 44200, then it is a buy.
6. BANK NIFTY OPEN ABOVE 44650 : wait for a pull back to 44500 and buy.
I AM NOT A SEBI REGISTERED TRADER. THIS INFO IS FOR EDUCATIONL PURPOSE ONLY. PLEASE CONSULT YOUR RGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES
Search in ideas for "gift nifty"
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR TOMOROW04 Aug 2023
WORLD MARKETS
1. World markets are looking bearish an dtrading in red.
INDIA VIX AND GIFTT NIFTY
1. India VIX is above 11 indicating high volatility and fear.
2. GIFT nifty is flat as of 2000 Hrs.
INDEX HEAVY WEIGHTS
1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620.
2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958.
3. Reliance has strong resistance at 2488.Break of 2460 is very bearish.
ANALYSIS
1. World markets are looking bearish.
2. India VIX is above 11 indicating fear.
3. Index heavy weights are also looking bearish indicating more downside in indices.
TRADING PLAN
1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade.
2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300.
3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245.
4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300.
5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish.
6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 04 AUG 202304 Aug 2023
WORLD MARKETS
1. World markets are looking bearish an dtrading in red.
INDIA VIX AND GIFTT NIFTY
1. India VIX is above 11 indicating high volatility and fear.
2. GIFT nifty is flat as of 2000 Hrs.
INDEX HEAVY WEIGHTS
1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620.
2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958.
3. Reliance has strong resistance at 2488.Break of 2460 is very bearish.
ANALYSIS
1. World markets are looking bearish.
2. India VIX is above 11 indicating fear.
3. Index heavy weights are also looking bearish indicating more downside in indices.
TRADING PLAN
1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade.
2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300.
3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245.
4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300.
5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish.
6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
PRE MARKET ANALYSIS FOR NIFT AND BANK NIFTY FOR 03 AUG 202304 Aug 2023
WORLD MARKETS
1. World markets are looking bearish and trading in red.
INDIA VIX AND GIFTT NIFTY
1. India VIX is above 11 indicating high volatility and fear.
2. GIFT nifty is flat as of 2000 Hrs.
INDEX HEAVY WEIGHTS
1. HDFC Bank has resisitance at 1640. Any break of 1640 will take us to 1643. Strong support can be seen at 1620.
2. ICICI Bank is bearish. 971 is a strong resistance. Support can be seen at 958.
3. Reliance has strong resistance at 2488.Break of 2460 is very bearish.
ANALYSIS
1. World markets are looking bearish.
2. India VIX is above 11 indicating fear.
3. Index heavy weights are also looking bearish indicating more downside in indices.
TRADING PLAN
1.NIFTY OPEN FLAT: Any rally to 19450 is a sell . However if nifty settle between 19350 - 19400, then no trade.
2.NIFTY OPEN GAP UP: Any gap up to 19450 and weakening is a sell for a tgt of 19350 - 19300.
3. NIFTY OPEN GAP DOWN: Any gap down below 19300 is bearish for a tgt of 19245.
4. BANK NIFTY OPEN FLAT: Any rally to 44750 and weakening below 44700 is a sell for a tgt of 44300.
5. BANK NIFTY GAP UP: Any gap up above 44900 is bullish.
6. BANK NIFTY GAP DOWN: Any gap down to 44300 and break below 44050 is a sell for a tgt of 43765.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
my view of nifty on 31/7/23Nifty managed to claw back from the low of 19561 to close at 19646. with global markets in green and also Gift Nifty @ 19790, we could see NIfty opening above 19700. With Most of the contracts rolled over, we could see Nifty playing the range bound manner during 1st half and then some action happening in the 2nd.
The likely range of nifty will be 19800-19600 with the bias still downwards till we get a closure above 19823 and Aug futures gores above 19830.
my trades outlook: on gap up open, wait for retest at 19700. if the level is broken, could see a gap filling till 19650-630. if the index moves up from gapup opening, could buy above 19730 for levels of 19750/790-800/823/874
support levels are 19650-630/600/560/500
resistance levels are 19700/750/790/823/874
Note: I am not SEBI registered RA. Thise are my personal views and not an invite to trade. PLease use your own due diligence before investing
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 JUL 202326 Jul 2023
WORLD MARKETS
1. World markets are looking subdued with a positive bias.
INDIA VIX AND GIFY NIFTY
1. india VIX is below 11 @ 10.2 down 12%. This indicates neutral to bullishness stance for indices.
2. GIFT Nifty is indicating 32 points uptick at 19680 spot. This will be a flat start.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. Any move to 1690 is a good buying opportunity.
2. ICICI Bank is mildly bullish. It has strong resistance at 998. Any break of 998 is bullish.
3. Reliance is looking neutral with a bearish bias. Any break below 2470 is bearish. Any move above 2500 is bullish.
ANALYSIS
1. Indices are still looking bullish.
2. Index heavy weight HDFC Bank and ICICI bank is looking bullish. Reliance is looking neutral to bullish.
3. IT pack is looking neutral to bullish.
TRADING PLAN
1. NIFTY OPEN FLAT : Wait for a break out above 19750 or below 19600.
2. NIFTY OPEN GAP UP: Any gap up above 19700, wait for a break out above 19750. Tgt is 19800 and above.
3.NIFTY OPEN GAP DOWN: Any gap down below 19640, wait for the indices to break down below 19600, Tgt is 19500 - 19300.
4.BANK NIFTY OPEN FLAT: Any break out of 46125 is bullish. Any break down of 45540 is bearish. Any rally to 46050 and weakness is a sell for a tgt of 45700.
5. BANK NIFTY GAP UP: Any gap up above 46050, wait for a break out to happen above 46125 and then go long. Tgt 46400.
6. BANK NIFTY BREAK DOWN: Any break below 45600 is bearish for a tgt of 45300.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSE ONLY PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 20 JUL 202320 Jul 2023
WORLD MARKETS
1. US markets are looking bullish while Europe and Asia is mixed and choppy.
INDIA VIX AND GIFT NIFTY
1. India VIX is at 11.6 indicating bullishness. Nifty is indicating a flat start at 19833 spot and Bank Nifty at 45670 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank has made an inside candle. If it open above 1688, it will be bullish. Any move below 1677 is bearish.
2. ICICI Bank will remain muted because result will be on 22 Jul 2023. It will remain rangebound between 970 - 977. Breakout can be expected only post results.
3. Reliance is moving up but is losing momentum due to over bought. IT on the other hand is looking bullish.
Analysis
1. Indices has been range bound today and yesterday as can be seen due to small candles being made.
2. With only two index heavy weights yet to come up with results, market may remain rangebound with a positive bias.
TRADING PLAN
1. NIFTY OPEN FLAT: Any break of 19870 and sustain of the level will be positive for a tgt of 19903 - 19957.
2. NIFTY OPEN GAP UP: Any break of 19903 is bullish for a tgt of 19957.
3.NIFTY OPEN GAP DOWN: Any move to 19800 is a buying opportunity.
4.BANK NIFTY OPEN FLAT: Any move above 45770 and sustain will be positive for a tgt of 45830 and 45957.
5. BANK NIFTY OPEN GAP UP: Any gap up above 45817 will be bullish for a tgt of 45944 and above.
6. BANK NIFTY OPEN GAP DOWN: Any move to 45500 will be a buying opportunity.
I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
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#Banknifty directions and levels for December 18th.Current View:
Today, the market may start negatively, based on the Gift Nifty sentiment. If this happens, we can expect a minimum correction down to 78% retracement level. After this correction, if there is a rejection, a 23% to 38% bounce back could follow.
However, it is crucial to note that unless the market breaks the 38% retracement level, we cannot expect a further pullback continuation. This means the market’s bias will remain bearish until the 38% level is breached.
Alternate View:
The alternate view suggests that if the correction develops into a solid structure, it could continue further with some consolidation. In this case, we can use the EMA20 as a marker for potential reversals.
This means the solid correction will likely persist until the market breaks above the EMA20 level. However, it is important to note that the EMA20 is reliable only during solid movements. If the market undergoes prolonged consolidation, the EMA20 could generate false signals.
#Banknifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th.
Market Overview:
There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM.
In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today.
What About Today?
Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue.
It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
Market Mood - 15/10/2024If the market opens above 24,992 - it might touch 25,700 and bounce back if the resistance is strong.
If the market opens below 24,964, it won't last long and will definitely bounce back upward, as the support is huge. Otherwise, it will touch 24,165 and will bounce back.
Strong Support is at 24,964, which combines the horizontal and parallel support levels. This mid-line has been providing support since the third week of July.
The index climbed above the 50-day EMA but still traded below the 10-day and 20-day EMAs. The momentum indicator RSI (Relative Strength Index) at 46.54 on the daily charts seems to be climbing towards the 50 mark.
Global Markets:
GIFT Nifty is trading at a discount of 30 points.
Asian Markets are trading in the positive territory.
Market Moving News:
Hyundai IPO Opens today for subscriptions.
Important Levels
Resistance based on pivot points: 25,156, 25,190, and 25,244
Support based on pivot points: 25,047, 25,014, and 24,959
Market Mood - 14/10/2024Markets are expected to be rangebound for today as well unless there is a news/event that moves the market abruptly.
If the market opens above 24,965 - it will touch 25,700 and might bounce back if the resistance is strong.
If the market opens below 24,964 - it will touch 24,772 and then bounce back in the upward movement as the support is HUGE. Else, it will touch 24,165 and will definitely bounce back.
Strong Support at 24,964 which combines both the horizontal and parallel support levels. This mid-line has been providing support since the third week of July.
GIFT Nifty is trading at 50 points down and the rest of the Asian markets, barring Hong Kong, are trading positive. It seems that the Israel/Palentine/Iran war has been factored in.
Resistance based on pivot points: 25,012, 25,038, and 25,080
Support based on pivot points: 24,930, 24,904, and 24,862
FAIR VALUE GAP FVG GIFT NIFTY Fair Value Gap (FVG) trading is a strategy used by price action traders to identify market imbalances and inefficiencies. Here’s a concise overview:
What is a Fair Value Gap (FVG)?
A Fair Value Gap occurs when there is a significant price movement caused by strong buying or selling pressure, leaving a gap on the price chart. This gap is seen as an area where the market has not traded efficiently, creating an imbalance1.
How to Identify FVGs
FVGs are typically identified using a three-candlestick pattern:
Bullish FVG: Forms when the top wick of the first candlestick does not connect with the bottom wick of the third candlestick.
Bearish FVG: Forms when the bottom wick of the first candlestick does not connect with the top wick of the third candlestick12.
Trading FVGs
Traders use FVGs to predict potential price movements:
Entry Points: FVGs can act as support (bullish) or resistance (bearish) levels.
Exit Points: Traders often exit trades when the price revisits the FVG, expecting a correction2.
Benefits and Limitations
Benefits: Helps in identifying potential reversal points and market corrections.
Market Mood - 24/09/2024The market will be opening flat as suggested by GIFT Nifty which is trading at around 11 points negative as of the time of publishing this post.
Yesterday, the market was obeying the trendline support and resistance and as per what I predicted, it stayed within that trendline for the entire day.
Today seems to be no different as I believe that the range for today will be within the trendlines only. Even though the market opens gap up/down, it will go inside that trendline and will trade within that.
Very strong support is placed at 25,450 and resistance is placed at 26,000.
Trade cautiously with trailing SL if the market moves higher and lock in your profits accordingly.
20/09/2024 - Market Mood for the dayAll of the expectations for the FED rate cuts were factored in the market last week.
Yesterday, heavy profit booking was seen in the markets overall, and hence, the index lost around 130 points intraday to settle at around 35 points positive.
Usually, whenever there is a resistance zone, if the market crosses it and comes back to the same zone, it will act as a support zone, and that's the time and place to initiate a buy transaction.
All Asian markets are positive and GIFT Nifty closed 203 points up as of 0230 IST. This indicates that the market will open positively today and stay the same.
Since the FED has cut the rates, the US bond markets have become less profitable. I am expecting the money to flow from the US bond markets to Indian markets sooner than expected.
BTW, Bajaj Housing Finance has been beaten down to less than its listing price and it's a good time to buy and hold the same.
Happy Friday.
BankNifty Support&Resistance Levels for 9th Sep MondayBanknifty Support and Resitance levels for Monday
Immeadiate Resistance is 50700 Area.
Immeadiate Support is 50470 Area.
Expecting a gap down with gift nifty close on firday night. In case of gap down do not jump into any trade to short some profit booking may happen that will cause price to retrace high a bit consolidate then fall again , 50200 and 50000 lowerside levels are important supports to watch for this week.if voilates another 1000 to 1500 points downside will open gates.
watch pa at given levels on chart for rejection of BO's ,
this is a bearish market pretending to be bullishstart trading in the next week or next months options, this is a bullish market and what happens at the opening of the day there is no possitive movement, and your call options start depleating, pls pls go and check the gift nifty and lookhow many consolidation we get
BankNifty Intraday Support & Resistance Levels for 05.09.2024On Wednesday, BankNifty opened with a gap down, landing inside the 75m demand zone. It made a low of 51259.90 but managed a slight recovery by the end of the day, closing at 51400.25 (still within the 75m demand zone). The weekly trend (50 SMA) is positive, while the daily trend (50 SMA) remains sideways. Currently, GIFT NIFTY is trading 90 points higher, suggesting a potential gap-up opening today.
Support Levels:
Near Demand/Support Zone (75m): 51240 - 51433 (current price inside the zone)
Near Minor Demand/Support Zone (15m): 50984 - 51073
Far Demand/Support Zone (30m): 50663 - 50772
Far Demand/Support Zone (30m): 50393 - 50507
Far Demand/Support Zone (30m): 49806 - 50017
Far Demand/Support Zone (125m): 49681 - 49797
Resistance Levels:
Near Supply/Resistance Zone (15m): 51665 - 51732
Far Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
BankNifty Intraday Support & Resistance Levels for 04.09.2024On Tuesday, BankNifty opened flat, dipped to a low of 51240 but quickly recovered, closing near the day's high at 51750.10. I clearly mentioned in the previous posts that, "if BankNifty sustains above 51316, we might see a rally to 51750 and beyond," which is exactly what happened. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. With GIFT NIFTY trading 200 points lower, a gap-down opening is possible today.
Support Levels:
Near Demand/Support Zone (75m): 51240 - 51433
Near Minor Demand/Support Zone (15m): 50984 - 51073
Far Demand/Support Zone (30m): 50663 - 50772
Far Demand/Support Zone (30m): 50393 - 50507
Far Demand/Support Zone (30m): 49806 - 50017
Far Demand/Support Zone (125m): 49681 - 49797
Resistance Levels:
Near Supply/Resistance Zone (30m): 52103 - 52340
Far Supply/Resistance Zone (125m) for Weekly Trade: 52870 - 53188
BankniftySupport Zone 48161- 47853
Resistance Zone 49057-49300
Trends in the GIFT Nifty indicate a positive start for the broader index in India, with a gain of 87 points or 0.39 percent.The Indian market made a smart recovery from the day's low to extend the winning streak to a fifth straight session on April 25 but last-hour profit-booking capped the gains.
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