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PRE MARKET ANALYSIS OF BANK NIFTY AND NIFTY FOR 20 SEP 202320 Sep 2023 WORLD MARKETS 1. World markets are looking neutral to bearish. 2. US markets and Europe are bearish while Asia is mixed. INDIA VIX AND GIFT NIFTY 1. india VIX is below 11 and GIFT Nifty is indiacating 41 points down tick at 2080 levels. This amounts to 120 points down tick at 45850 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong sp at 1630 levels. However it has closed below 1630. Any pull back above 1630 will be positive. 1645 is a strong resistance. 2. ICICI Bank is consolidating between 985 -1002 levels. Any break of 999 will be bullish. 3. Reliance has good sp between 2425 - 2430. Break of 2425 will be bearish. 2445 will be a strong resistance. ANALYSIS 1. World markets are looking tired and without any news. 2. It is waiting for the fed rate decision to be announced on 20 sep 2023. 3. HDFC Bank has pulled back while ICICI Bank is looking bullish. 4. TOMORROW IS BANK NIFTY EXPIRY AND MAY TRADE INA RANGE. TRADING PLAN 1.NIFTY OPEN BETWEEN 20110 - 20154: Any sp at 20090 and reversal is a good buying opportunity.However Any rally to 20200 is a sell. 2.NIFTY OPEN ABOVE 20150 : Any decisive break of 20180 is bullish for a tgt of 20210. 3. NIFTY OPEN BELOW 20080: Any rally to 20100 is a sell. 4. BANK NIFTY OPEN BETWEEN 45880 - 46075: Any rally to 46100 is a sell. 5.BANK NIFTY OPEN ABOVE 46080: Any decisive break of 46200 is a buy for a tgt of 46400. 6. BANK NIFTY OPEN BELOW 45880 : Any rally to 45950 will be a sell for a tgt of 45550. I AM NOT A SEBI REGISTERED TRADER. THIS INFORAMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR WILL NOT BE RESPONSIBLE FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 SEP 202314 Sep 2023 WORLD MARKETS 1. World markets are consolidating with a bearish bias. 2. USA is going to come up with core inflation rate today evening. Any increase in inflation will be a dampner. INDIA VIX AND GIFT NIFTY 1. India VIX is well below the comfort zone of 12. 2. GIFT Nift is indicating a flat opening at 20050. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish. Any dip to 1640 levels is a buy. Bearish bets can be taken below 1630 levels. 2. ICICI Bank is also bullish. It has good support at 980, whereas 994 is a resistance. Any break of 994 , ICICI Bank will test all time high taking nifty along with it. 3. Relaince is looking neutral to bearish. While 2430 is a good support Any break of 2425 will be bearish. 4. IT is on fire and supporting Nifty inspite of underperformance of Reliance. ANALYSIS 1. We Have a major news of US inflation rate tonight. How US markets beheave is required to be seen. 2. Indices is very bullish and buy on dips will be a good strategy. 3. Include trend following strategy in your trade. TRADING PLAN 1.NIFTY OPEN BETWEEN 20110 -20030: Buy Any dip to 20000. NIFTY OPEN ABOVE 20110 : Buy Any dip to 20050. NIFTY OPEN BELOW 20020: Wait for Nifty to break below 19950 levels and Any rally to 20000 will be a sell. BANK NIFTY OPEN BETWEEN 46100-45715: Any dip to 45700 is a buy. BANK NIFTY OPEN ABOVE 46110: Any dip to 45900 is a buy. BANK NIFTY OPEN BELOW 45710 : Wait for a break down below 45500 to sell or buy above 45900. DISCLAIMER 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. THE ORGINATOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADES TAKEN BY YOU.
NSE:BANKNIFTYLong
by sam20051968
PREMARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 13 SEP 202313 Sep 2023 WORLD MARKETS 1. world markets are consolidating with a bearish bias. GIFT NIFTY AND INDIA VIX 1. India VIX is above 11 at 11.6 indicating high volatility. 2. GIFT Nifty is indicating a flat opening. So we may see a range bound market today. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a hammer. Aconfirmation of that will be bearish for HDFC Bank. 1645 is a strong resistance. Break of 1626 which is a good support will be bearish. 2.ICICI Bank has strong resistance at 995. 1002 is a ll time high. 986 is a good sp. Break of 983 will be bearish. 3. Reliance has made a bearish engulfing pattern. 2485 is strong resistance. Any move below2461 is a sell. 2425-2415 is a good sp area. ANALYSIS 1. World markets are consolidating with a bearish bias. 2. Index heavy weights after sustained run may consolidate. 3. Indices are looking bullish but need a breather /consolidation before it makes an up move. TRADING PLAN 1.NIFTY OPEN BETWEEN 20040 - 19936: Any dip to 19900 is a buy. Break of 19900 will be bearish. 2. NIFTY OPEN ABOVE 20040: Any dip to 20000 is a buy. 3.NIFTY OPEN BELOW 19930: wait for a break of 19885 levels. 4.BANK NIFTY OPEN BETWEEN 45660 - 45360: This is a large gap. So Any dip to 45350 will be a buy. While Any Move to 45600 will be a sell. 5.BANK NIFTY OPEN ABOVE 45660 : Buy Any dip to 45500. BANK NIFTY OPEN BELOW45360 : Sell Any rally to 45400 and break below 45360. I AM NOT A SEBI REGISTERED TRADER THIS INFORMATION IS FOR EDUCATIONAL PURPOSES. PLEASE CONSULT YOUR REGISTERED FIANANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE ORIGINATOR OF THIS ARTICLE TAKE NO LIABILITY FOR ANY TRADE TAKEN BUY YOU.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSISFOR NIFTY AND BANK NIFTY FOR 11 SEP 202311Sep 2023 WORLD MARKETS 1. US markets are looking neutral to bullish while Europe and Asia are looking neutral to bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating bullishness. 2. GIFT Nifty is indicating 58 points uptick at 19878. This amounts to 160 points uptick for bank nifty at 45300 levels. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bullish. However 1630 is a strong resistance and some consolidation may be expected. we had 3 days of green candle. Any dip to 1615 is a buy. There are multiple resistance level at 1640 and 1650. It can be fuly bullish above 1650. 2. ICICI bank is still choppy and rangebound. Any break of 975 will be bullish. However there is no momentum buildup in ICICI bank. 3. SBIN and Kotak Bank on the other hand has turned bullish. 4. Reliance has broken out of 2440 levels. It has turned bullish. Any dip should be bought. Tgt 2466 levels. ANALYSIS 1. G 20 has turned out to be very successful. This will have a positive impact at least for tomorrow. 2. Index heavy weights are bullish. 3. Nifty is above 19800 and bank nifty above 45000 decisively. TRADING PLAN: 1.NIFTY OPEN BETWEEN 19850-19780 : Any dip to 19750 is a buy. 2.NIFTY OPEN ABOVE 19850: Wait for a break out from 19900 decisively. 3. NIFTY OPEN BELOW 19750 : wait for a decisive break down of 19730. 4.bank nifty open between 45315 and 45000: Any dip to 45100 levels is a buy. 5. BANK NIFTY OPEN ABOVE 45315 LEVELS.: Any dip to 45300 is a buy. Also wait for a breakout above 45470 levels for better risk reward ratio. 6.BANK NIFTY OPEN BELOW 45000 : Wait for a break down of 45830 decisively. 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. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY YOU.
NSE:BANKNIFTYLong
by sam20051968
2
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 07 SEP 202307 Sep 2023 WORLD MARKETS 1. US is trading with a bullish bias, whereas Europe is neutral and choppy. 2. In Asia Nikkei is bullish while KOSPI is choppy. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating less volatility and less fear inspite of market treneded below 44300 and Nifty below 19500. GIFT Nifty is indicating 15 points down tick at 19600 levels which is flat. INDEX HEAVY WEIGHTS 1. HDFC Bank has consolidated for the past one week and has given a break out. 1602 is a strong resistance. If it breaks it, we can get 1608-1610. It will turn fully bullish if 1610 is broken decisively. Tgt 1622. Bearish bets can be taken below 1580 levels. Watch for any weakness at 1603 levels and reversal below 1600 levels. 2. ICICI Bank is struggling and consolidating between 945 - 975. We can trade the range by buying at 945 and selling at 975 till these levels are broken decisively. 3. Reliance has strong support at 2400. Any break of it will be very bearish. It can turn bullish above 2435 levels.So it can be bought at 2400 and sold at 2435 levels. ANALYSIS 1. India VIX is below 11. 2. HDFC Bank is looking bullish while ICICI Bank and reliance is range bound. TRADING PLAN 1. NIFTY OPEN BETWEEN 19650 AND 19570 LEVELS. Any dip to 19570 is a buy. 2. NIFTY OPEN ABOVE 19650: Any dip to 19600 is a buy. 3. NIFTY OPEN BELOW 19570: Any break of 19530 is a sell. Any rally to 19600 and break below 19550 is a sell. 4. BANK NIFTY OPEN BETWEEN 44500 - 44300 : Any rally to 44600 and break below 44500 is a sell. 5. BANK NIFTY OPEN ABOVE 44500 : Any break of 44620 is a buy. Wait for consolidation at 44600 and a break out. 6. BANK NIFTY OPEN BELOW 44300 : Any rally to 44400 is a sell. Tgt 44040 levels. IAM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR BEFORE TAKING ANY TRADE. THE ORGINATOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY ACTIONS TAKEN BY YOU.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 30 AUG 202330 Aug 2023 WORLD MARKETS 1. World Markets are consolidating with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 12 indicating high volatility. 2. GIFT Nifty is showing 50 points uptick at 19400 levels. This amounts to 44 INDEX HEAVY WEIGHTS 1. HDFC Bank is consolidating with a bullish bias. It has made a H&S Shoulder pattern. The neck line is at 1595. Any break of 1595 is a break out for a tgt of 1601. 2. ICICI Bank is consolidating in a range of 979 - 959 level. If it break 980 it will be very bullish. 966 is a good support. Any break of 971 is bullish. 3. Reliance is oversold. we may see a pullback. Any break of 2435 is bullish for a tgt of 2455. ANALYSIS 1. Indices are consolidating with a bullish bias. 2. Monthly expiry on 31 Aug will be very volatile with high whipsaw. 3. Volatility is above 12. 4. Index management is done through Index heavy weights, while HDFC Bank move up, simultaneously ICICI Bank and Reliance move down thus balancing the index. 5. Index may expire at 19400 and 44500 repectively. TRADING PLAN NIFTY OPEN BETWEEN 19361-19323 : Any break of 19380 is bullish. Any break of 19300 is bearish. NIFTY OPEN ABOVE 19380 : Any dip to 19360 is a buy. Wait for a move above 19380 before buying. NIFTY OPEN BELOW 19320 ; Wait for a break down of 19300 for bearish bet. 4.BANK NIFTY OPEN BETWEEN 44565 -44425: No trade till 44625 is broken or 44350 is broken down. 5. BANK NIFTY OPEN ABOVE 44565 : wait for a break out of 44625 for a tgt of 44750 and above. 6. BANK NIFTY OPEN BELOW 44400: Any break down of 44350 is bearish. 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
NSE:BANKNIFTY
by sam20051968
NIFTY AND BANK NIFTY ANALYSIS FOR 17 AUG 202317 Aug 2023 WORLD MARKETS 1. US markets are consolidating witha bearish bias. 2. Asia and Europe are bearish. INDIA VIX AND GIFT NIFTY 1. India VIX has crossed 12.1 and indicating high volatility and bearishness. 2. GIFT Nifty is indicating a flat opening with a mild uptick of 16 points. INDEX HEAVY WEIGHTS: 1.HDFC BAnk is still below 200 SMA. 1615 is a strong resistance. Any break of 1616 will be bullish for a tgt of 1621. Any break of 1598 will be bearish. 2. ICICI Bank has strong resistance at 960. Break of 963 will be bullish. any break of 950 will be bearish for a tgt of 943. 3. Reliance is bullish. Break of 2592 is bullish while break down of 2551 will be bearish. Any move inside this range will make Nifty range bound. ANALYSIS 1. Market for the past 3 days is gapping down and not giving opportunity for day traders and directional traders. 2. Tomorrow is expiry. Nifty has defended 19400 while bank nifty is struggling to break 44050 levels. 3. Market are looking like sell on rally still. TRADING PLAN: 1. NIFTY OPEN BETWEEN 19420 -19510 : Any rally to 19500 is a sell for a tgt of 19420. 2. NIFTY OPEN ABOVE 19510: Any retrcement to 19500 is a buy for a tgt of 19550. 3. NIFTY OPEN BELOW 19400: Any rally to 19420 will be a sell. 4. BANK NIFTY OPEN BETWEEN 43840 - 44055: Any rally to 44050 is a sell for a tgt of 44830. 5.BANK NIFTY OPEN ABOVE 44050: Any pullback to 44000 will be a buy for a tgt of 44167-. If 44167 is broken, we can see 44355 where there will be max risk reward. 6. BANK NIFTY OPEN BELOW 43800: Any rally to 43850 will be a sell for a tgt of 43540. 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.
NSE:BANKNIFTY
by sam20051968
PRE Market analysis for nifty and bank nifty for 16 aug 202316 AUG 2023 WORLD MARKETS 1. US markets are consolidating with a bullish bias. 2. Asian markets are consolidating with a bearish bias. Europe is neutral. INDIA VIX AND GIFT NIFTY 1. India VIX has reached 12 indicating heightened fear and bearishness. 2. GIFT Nifty is indicating again a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank has made a hammer pattern. It has strong resistance at 1615.7 levels. Any break of this will be bullish.If it open below 1607, sell any any pull back to 1607. Buy above 1620 levels. sell below 1600 levels. 2. ICICI Bank has pulled back from 948 levels.957is a strong support. Any dip to 957 is a buy. If open below 955 sell for a tgt of 948. 3. Reliance is fully bullish. If open is above 2592, it is a buy. if open is below 2590, Buy Any dip to 2561 and sell any rally to 2590. Any move below 2545 is a sell. ANALYSIS 1. Indices are at a crucial level of 19400 and 44000 respectively. 2. World markets are neutral. 3. There are no events to trigger. 4. market may remain range bound. TRADING PLAN 1. NIFTY OPEN FLAT;: If open is between 19400 - 19500, sell any rally to 19500. Buy any dip to 19400. 2.NIFTY OPEN GAP UP: Any gap up above 19500 is bullish for a tgt of 19550. 3.NIFTY OPEN GAP DOWN: Any move below 19370 is a sell. 4. BANK NIFTY OPEN FLAT: Any rally to 44200 is a sell. Any dip to 44970 is a buy. 5. BANK NIFTY OPEN GAP UP: Any gap up above 44200 is a buy after it pull back to 44200 and stabilise for some time. 6. BANK NIFTY OPEN GAP DOWN: Any gap down below 43970 is a sell if bank nifty rally to 44000 and falls below 43950. tgt 43700. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATION PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY ON 14 AUG 202314 AUG 2023 WORLD MARKET 1. US markets are looking neutral to bearish. 2. While Asia and Europe are consolidating with a bearish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is above 11.5 indicating high volatility with a bearish bias. 2. GIFT nifty is Indicating a flat opening at 19429 levels. we have to see whether 19400 holds. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bearish. It has strong support at 1615. Any break of 1615 will be very bearish as it will be a decisive break of 200 SMA. It Has resistance at 1630 levels. 2. ICICI Bank has broken 960 and it has next support at 946 only. 3. Reliance has strong support at 2530 and is looking bullish. It can turn bearish below 2520. ANALYSIS 1. 15 Aug is a holiday. Hence Fin Nifty expiry is tomorrow only. 2. Both the indices are looking bearish. 3. Even index heavy weights like HDFC Bank and ICICI Bank and IT is looking bearish. But reliance is looking bullish. 4. In the past 2 days, the nifty open flat and immediately make a 150 -200 point red candle and then consolidate without giving opportunity for traders to enter. Instead of waiting for 5 min candle to complete, we should see if a 2 min candle gives a 100 point red candle, my view is to enter the market on bearish side with strict stoploss. TRADING PLAN 1.NIFTY OPEN FLAT: Any move to 19500 is a sell. 2. NIFTY OPEN GAP UP: Any gap up above 19500 and a consolidation at the level is a buy for a tgt of 19575. 3. NIFTY OPEN GAP DOWN: Any open below 19388 is a sell for a tgt of 19300. 4.BANK NIFTY OPEN FLAT: Any move to 44400 and weakening is a sell for a tgt of 44050. 5. BANK NIFTY OPEN GAP UP: Any gap up above 44500 and break out of 44640 is a buy. 6. BANK NIFTY GAP DOWN: Any gap down below 44080 is a sell for a tgt of 43746. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 09 AUG 202309 Aug 2023 WORLD MARKETS 1. US markets are down by 1- 1.5% due to FITCH downgrading US debt from AAA to AA+ which is very significant. 2. Europe is looking neutral to bearish. 3. Asia is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is above 11 indicating volatility. 2. GIFT Nifty is indicating 50 points downtick at 19540 Fut and 19570 spot. here Fut is trading at a discount to spot indicating bearishness. This amounts to 150 point dodwntick for bank nifty at 44832. INDEX HEAVY WEIGHTS 1. HDFC Bank is very range bound between 1945-1955. Any break of 1945 is beraish. Bullish bets can be taken above 1965 only. 2. ICICI Bank is bullish and is defending 200 EMA on 5 Min time frame. ICICI BAnk is bearish below 975 while it will be bullish above 985. 3. Reliance is bearish any move to 2514 will be a sell. Any break of 2500 is a gin a sell. 4. IT packs are as such bearish. ANALYSIS 1. RBI Monetary committe decision on repo rate is on 10 Aug 2023. 2. However it is expected that repo rate will be kept unchanged. 3. But FITCH dodwngrade of US debt is very bearish but we need to see how the US market will react at the end of the day which is presently down 1-1.5%. 3. We may see a bearish day tomorrow if HDFC Bank and ICICI Bank tuen bearish. 4. As such Reliance and IT is bearish. 5. Nifty is more bearish compared to Bank Nifty which is being supported by ICICI Bank and SBI. TRADING PLAN 1. NIFTY OPEN FLAT : If Nifty open flat, any break of 19500 will be bearish with a tgt of 19500 - 19470 levels. 2. NIFTY OPEN GAP DOWN: Any open below19540 will be bearish for a tgt of 19470 levels. 3. NIFTY OPEN GAP UP: Any move to 19600 is a sell for a tgt of 19550 levels. Any break of 19630 will be bullish. 4.BANK NIFTY OPEN FLAT: Any move to 45050 and drop below 45000 is a sell. Tgt 44830. 5. BANK NIFTY OPEN GAP UP: Any gap up above 45120 is bullish for a tgt of 45250 levels and up. 6. BANK NIFTY OPEN GAP DOWN: Any gap down below 44880 is bearish. However i will wait for the break of 44800 for a tgt of 44650. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR EGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 02 AUG 202302 AUG 2023 WORLD MARKETS 1. US is consolidating with a bearish bias. 2. Europe is choppy with a bullish bias. 3. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is at 10.2 indicating less volatility. Hence option premium may not move much. 2. GIFT Nifty is down 32 points at 19800 fut and 19700 spot. This amounts 100 points dn for bank nifty at 45500 levels. INDEX HEAVY HEAVY WEIGHTS 1. HDFC Bank has strong resistance at 1670. Bullish bets can be taken beyond 1670. Any move below 1655 will be bearish. 2. ICICI Bank is range bound between 990 -1005. any move beyond this range will be a breakout/breakdown. 3. Reliance again gave up all the gains of past two days. 2500 is a strong support. Resistance will be at 2540 which was support yesterday. Break of these levels will be a breakout/breakdown. ANALYSIS 1. Nifty has retraced 61.8% from the recent fall placed at 19750. If it can break 19800, then the uptrend can resume. 2. Bank Nifty on the other hand has retraced 50% of recent fall placed at 45750 levels. Now it is facing resistance at at 38.2% retracement at 45650 levels. TRADING PLAN. 1. NIFTY OPEN FLAT: Any move to 19700 is a buying opportunity. 2.NIFTY OPEN GAP UP: Any gap up above 19785 and move beyond 19800 will be bullish for a tgt of 19900. 3.NIFTY OPEN GAP DOWN: Any move below 19700 will be bearish. 4. BANK NIFTY OPEN FLAT: No trade. 5. BANK NIFTY OPEN GAP UP: Any gap up above 45770 and breakout of 45800 is bullish. 6.BANK NIFTY OPEN GAP DOWN: Any gap down below 45500 and break of 45450 will be bearish for a tgt of 45200. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR EGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTY
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 2 AUG 202301 Aug 2023 WORLD MARKETS 1. US markets are consolidating with a bullish bias. 2. Asia and Europe are consolidating with a bearish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating bullishness and low volatility. 2. GIFT Nifty is indicating 54 points uptick at 19896 fut and 19800 spot. Bank nifty is indicating 45800 levels. INDEX HEAVY WEIGHT 1. HDFC Bank is looking rangebound . Any move above 1670 is bullish. Any move below 1640 is bearish. 2. ICICI Bank is looking bullish. Any opening above 1000 is bullish. Any move below 992 is bearish. 3. Reliance is looking bullish. Any move above 2560 is bullish. Any dip to 2543 is a buying opportunity. ANALYSIS 1. Nifty is looking bullish as reliance and ICICI Bank is looking bullish. 2. Bank Nifty is not getting support from HDFC Bank. If HDFC Bank moves, then bank nifty may turn bullish. TRADING PLAN 1. NIFTY OPEN FLAT: 19707 is a strong support. Buy on dip to this level is a good strategy. SL at 19655. 2. NIFTY GAP UP: Any gap up above 19800 and consolidation is a buy. Any dip to 19760 can be accumulated. SL 19700. Sgt 19850 3. NIFTY OPEN GAP DOWN: Any gap down below 19700 is bearish. Tgt 19650 -19620. 4.BANK NIFTY OPEN FLAT: Any move above 45745 and break of 45830 is a buy. Tgt 46000. 5. BANK NIFTY OPEN GAP UP:Any gap up above 45830 is a buy for a tgt of 46000. Any gap up above 45740 and break of 45830 is also a buy.Any dip can be bought. 6.BANK NIFTY OPEN GAP DOWN: Any move below 45500 will be bearish for a tgt of 45300. 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.
NSE:BANKNIFTYLong
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 07 JUL 202307Jul 2023 WORLD MARKETS 1. World Markets are trading hugely in negative Any where between 1.5 - 2 % cut. US is trading gap down with 1 % plus cut . Asia has closed with 1.5 % - 3 % cut and Europe is trading with 0.8 - 2 % cut. GIFTY NIFTY AND INDIA VIX 1. Gift Nifty is indicating 57 points cut NOW @ 19450. This corresponds to 150 points cut to bank nifty @ 45200. 2. India VIX is at 11.8 indicating increased volatility. INDEX HEAVY WEIGHTS 1. HDFC Bank was up 1.7% after 3 % cut yesterday and ICICI Bank was up 1.7%. There was hughe index management done through these two stocks and ensure Bank Nifty and NIfty close below or @ 45500 and 19500 resply where highest call OI was there. 2. HDFC Bank has support at 1660. Any break of it will give 1645. It has resistance @ 1690. Any break of this will be positive. 3. ICICI Bank is trading at all time high and will remain positive. It has closed above 950. It has support at 955 which is 200 DEMA. Any break of this will again give us 950 levels. Any gap up above 965 will be bullish. 3. Reliance closed 2 % up at 2638. It has strong support at 2620. Any gap up above 2657 will give 2677. Analysis 1. World market is looking weak and bearish. Whether it will have any effect on our market is need to be seen. 2. Indian indices are looking bullish supported by index heavy weights. 3. However GIFT nifty is indicating a negative start to market. TRADING PLAN 1. nifty open flat : Any move above 19540 will be bullish for a tgt 19630 levels. 2. Nifty open Gap down : Any gap down to 19420 levels and reversal above 19450 will be positive. However if Nifty start trading below 19420, then it will be negative for a tgt of 19300. 3. Bank Nifty open Flat : Bank Nifty will be bullish only above 45550 to get a big move. Any move to 45550 and reversal below 45500 will be negative for a tgt of 45250. 4. Bank Nifty open gap Down : Any move below 45150 will be negative for a tgt of 44950 levels and further 44700. Any gap down to 45135 and reversal above 45240 will be positive for a tgt of 45450. 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.
NSE:BANKNIFTYLong
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 06 JUL 202306 Jul 2023 WORLD MARKETS 1. US is looking neutral with a bullish bias. 2. Europe and Asia is trading in negative for the past two days. GIFT NIFTY AND INDIA VIX 1. Gift Nifty is trading flat with 7 points uptick. 2. India VIX is at 11.8 indicating volatility. INDEX HEAVY WEIGHTS 1. HDFC Bank closed with 3.18% down tick while ICICI Bank rose 1.41%. This is big for a large cap stock. 2. The volatility in HDFC Bank and ICICI Bank may be due to merger adjustments. 3. HDFC Bank has resistance at 1695 levels. Support can be seen at 1660. HDFC Bank can turn positive only above 1701 levels. 4. ICICI Bank has support at 950. Resistance can be seen at 965. Any gap up above 965 will be positive. 5. Reliance is looking bearish. It has support at 2573. Any break of this level will be negative for Nifty Tgt 2564. Any gap up above 2594 will be positive and for a tgt of 2603 and 2618. ANALYSIS 1. Tomorrow is expiry. 2. Indices are looking neutral to bullish. Today indices had been in a range and had few fake brake out/brake down trapping option buyers. 3. The indices movement now depends upon the ICICI Bank. HDFC Bank and Reliance are looking weak, whereas ICICI Bank is bullish supported by ITC and Heromoto and bajaj auto. 4. The move in two wheeler segment is mainly due to release of Harly Davidson 440 by Hero and Triumph 400 by Bajaj auto. TRADING PLAN 1. NIFTY OPEN FLAT : Any dip to 19370 is a buy for a tgt of 19430. 2. NIFTY OPEN GAP UP : Any gap up to 19450 will be bullish for a tgt of 19520. 3. NIFTY OPEN GAP DOWN: Any gap down below 19350 will be negative. Tgt of 19300 -19250. 4. BANK NIFTY OPEN FLAT : Any move above 45350 will be positive for a tgt of 45500 -45650. 5. BANK NIFTY GAP DOWN: Any gap down to 45050 will be negative for a tgt of 44760. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTY
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 05 JUL 202305 Jul 2023 WORLD MARKETS 1. US markets are neutral to bullish. While Europe and Asia is looking bearish. GIFT NIFTY AND INDIA VIX. 1. Gift Nifty is indicating a flat start at 18 points uptick. 2. India VIX had been very volatile as a result indices had also been very volatile. INDEX HEAVY WEIGHTS. 1. HDFC Bank has good support at 1719. Resistance is at 1737. Any break of 1719 to will be bearish. Tgt of 1710. Break of 1710 will turn bearish. Any move above 1737 will be bullish for a tgt of 1762. 2. ICICI Bank is mildly bullish. Support is at 942. Any break of 942 give us 939. Break of 947.5 will give us 954. 3. Reliance is mildly bearish . It has strong support at 2570. Any reversal from 2570 will give 2602. Break of 2560 will be bearish. Analysis 1. After a phenomenal rally for past five days, the indices are likely to consolidate. However the indices are still bullish. But profit booking can happen. 2. Nifty is looking mildly bullish. It has support at 19350 and resistance can be seen at 19467. 3. Bank Nifty has strong support at 45100. Any break of 45000 will be bearish. TRADING PLAN 1. Nifty open Flat : Any dip to 19350 -19320 and reversal will be a buy for a tgt of 19430. 2. Nifty open gap up : Any gap up to 19430 and break of 19460 will be bullish. However Any gap to 19430 and break below 19400 will be bearish for a tgt of 19350. 3. Bank Nifty open Flat : Any dip to 45100 - 45050 and reversal above 45100 will be bullish for a tgt of 45500. 4. Nifty open gap up: Any gap up above 45500 and and reversal below 45480 will be bearish for a tgt of 45100. Any break out of 45550 will be bullish for a tgt of 45700. 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
NSE:BANKNIFTYLong
by sam20051968
#Nifty directions and levels for January 14th, Tuesday:Good Morning, friends! 🌞 Here are the market directions and levels for January 14th, Tuesday: Market Overview: The global market is showing bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a gap-up start, as the Gift Nifty indicates a +130 point positive opening. > In the previous session, the market moved violently, but the evening session in the US market saw a solid pullback. Structurally, this happened in a bearish market, so it still seems to be in a bearish trend. However, this pullback may reduce the momentum. So, my opinion is: > If the gap-up sustains, we can expect a 50% to 61% pullback in the minor swing. On the other hand, if it doesn’t sustain, then it could consolidate between the previous low and today’s opening price. This is the basic structure. Let’s look at the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View: The current view, based on the structure, is that as per the long correction, this kind of gap-up might not sustain. > If the initial market declines, it could consolidate between the previous low and today’s opening price, or to the 38% resistance level. > After that, if it breaks the previous low, then the correction will likely continue. Alternate View: The alternate view says: > If the gap-up sustains or if it breaks the major resistance at 38% with a solid candle, then it could reach a minimum of 50% to 61% in the minor swing.
NSE:NIFTY
by Manickamtraders
Nifty Analysis – Today’s Game Plan! (31st December 2024)🔥 Nifty Analysis – Today’s Game Plan! Let’s Break It Down: The Nifty is currently trading at 23,658.65, sitting in a zone where things can go either way. With clear support and resistance levels, the market is poised for its next big move. 📍 Levels You Can’t Ignore: 🚀 Strong Resistance Zone: 24,055 ⚡ Immediate Resistance: 23,878 🛡️ Support Zone: 23,535 🔒 Strong Support Zone: 23,318 What Could Happen? 💥 Bullish Scenario: If Nifty manages to break above 23,878, it’s likely heading toward the 24,055 mark. This breakout could mean strong momentum, so watch for increased buying volumes. ⚠️ Bearish Scenario: If Nifty struggles to stay above 23,535, a slide to 23,318 might be on the cards. Breaking this level would bring more pain for the bulls. Here’s the Plan: For Buyers: Go long only above 23,878, aiming for 24,055. Keep your stop-loss tight around 23,750. For Sellers: Consider shorting below 23,535, with a target of 23,318. Protect your trade with a stop-loss near 23,650. Something to Think About: RSI Levels: Showing signs of possible recovery—are the bulls gearing up? Volume Watch: A breakout without volume isn’t reliable. Let the market show its hand! Market Open Impact: GIFT Nifty hints the market might open near these zones. Be ready for action! Final Words: Markets are unpredictable, but preparation is key. Know your levels, set your stop-loss, and trade like a pro. Remember, discipline beats emotions every time! Disclaimer: This is not financial advice—just a trader sharing insights. Trade smart, trade safe! Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:NIFTY
by TraderRahulPal
PRE MARKET ANALYSIS OF NIFTY FOR 27 DEC 202427 Dec 2024 WORLD MARKETS 1. US markets have bounced back. 2. Asia and Europe is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is still hovering around 15. 2. GIF Nifty is indicating 45 points uptick at 23800. INDEX HEAVY WEIGHTS 1. HDFC Bank is range bound between 1810 - 1795. It may remain rangebound for some more time. 2. ICICI Bank is bullish with support at 1300 and resistance at 1307. Any move above 1307 is bullish. 3. Reliance is bearish. Move above 1240 is positive while move below to 1220 is bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 23800 - 23695 : NO TRADE. 2. NIFTY OPEN ABOVE 23800 : Wait for a consolidation and move above 23875 decisively. 3. NIFTY OPEN BELOW 23700: Wait for a consolidation between 23700 and 23630 and break below 23630 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.
NSE:NIFTY
by sam20051968
#Nifty directions and levels for December 18th.Good morning, friends! 🌞 Here are the market directions and levels for December 18th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones), while our local market is also exhibiting similar bearish signs. In the previous session, both Nifty and Bank Nifty experienced solid corrections. So, what can we expect today? It’s important to remember that we are in a range-bound market and currently near its bottom. This makes predicting the next move challenging. However, based on the structure, I have observed some key points: Even though the market fell yesterday, a minor diagonal structure formed at the end of the swing. If the market finds support around the immediate support level during the initial session, we can anticipate a 23% to 38% bounce back. However, the pullback can continue only if the market breaks the 38% retracement level. If it does, the next pullback targets could be at the 50% and 78% levels. Conversely, if it doesn’t break the 38% level, the market could consolidate before continuing its correction. This forms the basic structure. Let’s explain this further using the chart. Both Nifty and Bank Nifty are currently showing the same structural sentiment. 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 MDZ. 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.
NSE:NIFTY
by Manickamtraders
2
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.
NSE:NIFTYShort
by sam20051968
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.
NSE:NIFTYLong
by sam20051968
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...
NSE:NIFTY
by skymaninvestments
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.
NSEIX:NIFTY1!Short
by vishalmalviya6059
2