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Nifty: Important levels for trade day 18 April 2023In previous post One of the 3 important levels given on the downside was 17708. Nifty closed the day at 17706.85 Also had suggested the blue zone may act as Support zone for Nifty in April series. Despite poor reaction to Infy numbers, Nifty has managed to take support in the blue zone. It recovered more than a good 100 points after touching the blue zone. What next… Let’s see what Data is telling us… Index Futures Retail traders added 7833 Long contracts and squared off 6663 Short Contracts FIIs exited 3406 Long contracts and added 4015 Short Positions Pro traders exited 5015 Long contracts and added 9027 Short contracts Index Call Option Retail traders added 20.64 Lakh Call Long contracts and also added 18.67 Lakh Call Short Contracts FIIs added 2.89 Lakh Call Long contracts and added 2.72 Lakh Call Short Positions Pro traders added 4.13 Lakh Call Long contracts and added 6.27 Lakh Call Short contracts Index Put Option Retail traders added 12.90 Lakh Put Long contracts and added 12.27 Lakh Put Short Contracts FIIs added 1.87 Lakh Put Long contracts and added 1.76 Lakh Put Short Positions Pro traders added 2.88 Lakh Put Long contracts and added 3.63 Lakh Call Short contracts Overall Put Call Ratio cooled off to 0.99 from 1.31. Given the chart set up and Data inputs Important levels on Nifty spot for 18th April 2023 Important levels on the upside 17776 / 17804 / 17836 Important level on the downside 1 7615 / 17584 / 17551 Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
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NSE:NIFTY
by Dhan
7
Nifty: @ top end of the yellow box...Nifty Important levels are given in the chart itself In previous post had suggested a Short Strangle strategy for Nifty 20 April expiry with Net receivables of 141 points Current Update Nifty 17700 Call 92 Nifty 17200 Put 27 From 141 the spread has come down to 119 giving a Net profit of 21 points per Strategy lot so far... Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
Nifty: Chart set up and trading strategyNifty - Nifty has given a breakout from the Blue box and is now trading in the yellow box - 252 day EMA @ 17396 - 63 day EMA near 17540 - Line of Resistance 17620 odd levels around 20 April 2023 - 21 day EMA around 17240 - Lower level of Yellow box 17220 odd levels - RBI Policy Announcement on 6th April 2023 - Result Calendar to begin soon View: Rangebound for the next 2 weeks Trading Strategy: Short Strangle for Nifty 13 April / 20 April expiry Expected trading range for Nifty till 19th April 2023 - 17620 on the upside - 17240 on the downside Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
1
Nifty: 29 March 2023 Expiry viewNifty - Important levels are given in the chart - Earlier when Nifty was at 17050 odd levels I had given a bearish view - Nifty is down 100 points from those levels - Explosive movement has not happened so far but for the last 2 days Nifty is opening higher around 17000; trading above 17000 for a couple of candles on 15 min chart and then giving up in the 2nd half. Is that a sign of a confident Bull or are the Bulls nervous or are the Bulls creating a trap for the Bears? Well only time can tell that. Prima facie, for Bulls to regain control Nifty needs to sustain above 17155 / 17200 odd levels. Till then Bears have the upper hand. Prima facie Expiry range for 29 Mar 23 Small Expiry range 16913 - 16991 Medium Expiry range 16874 - 17033 Broader Expiry range 16828 - 17065 For me Risk::Reward ratio not favorable to play for today's expiry. For the April series, as a risk management measure Trailing SL to 17080 (Nifty Spot levels) on closing basis for April series. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTY
by indiamarketoutlook
BDL stock at cautious level.This is for your learning skills. Already in past to told your how we can avoid false break out. But not always as part of trading. So watch the BDL stock & follow below points for your education & learning. 1) Bullish Break candle at resistance area. 2) Very low volume as compare to previous High volume on bullish candles. 3) RSI not able to cross 60 levels. Daily & weekly also below 60 EMA. 4) High resistance zone near 925. So Risk to reward not good. We may be wrong but rigorously follow our trading plans to avoid loss. Hence, Point nos 2 to 4 are negative biased . So currently we must avoid buying. But if stock retest & move upward again then we can enter in the trade as re-test entries are more powerful move.
NSE:BDLShort
by Tech_stock_trader
2
FALLING KNIFE STORYHello guys here I am sharing the daily chart of Bajaj Finserv (THE GIANT) for why it falling down massively and giving one by one negative breakdowns on chart, So we can see after making a all time high touched to it's 20 day EMA taking support but gives a breakdown as closed below and started consolidation and taking support on 50 Day EMA but at the end gives another breakdown of 50 EMA and closed below after the same mentioned above it did same with 100 EMA and gives a final and major breakdown of below it's 200 EMA so by the example of this chart we can understand the behavior of falling stock no matter how good the stock is and how much strong fundamentals it is having as a part of trader we can easily avoid the setups like this one more thing by from this chart we can better understand the much importance of Moving Averages in trading because it's gonna keep us from getting trapped from a weak setup because in stocks what looks cheap is about to get more cheaper. Thank you Trading view for giving us such a wonderful platform like this from which we can share our view and idea to community maybe one can get help by this by chance #TRADINGVIEW IMAGE WITHOUT EMA FOR BETTER READING
NSE:BAJAJFINSV
by AMIT-RAJAN
4
Nifty Chart set up for Final 29 March expiry weekNifty Last time when Nifty closed at 16988 I had suggested that Nifty can attempt for 17200 / 17400 odd levels Nifty achieved it's 1st target but is struggling thereafter. In my Expiry range for 23rd March, I had given 17207 as an important upper resistance and only a close above 17233 would have opened doors for 2nd target. On the lower side 17065 was given as lower level. Link for the idea is provided. Go ahead and click the Play button in that chart and see the magic unfold. Nifty made a high of 17205 and couldn't sustain thereafter signifying weakness of the Bulls and finally closed just a tad above 17065. Now heading in to the final week of March expiry. Nifty has managed to stay afloat so far but will the Bulls face a similar fate like Team India did against Team Australia in 3rd and final ODI. Team India looked in control of the game till 35th over but collapsed in the final overs. The Line of Resistance are packed on the upside. The Bulls are literally standing against the wall. And the Support levels are spread far across. In case Nifty breaks Below the green line of Support, the field would be wide open and Nifty target in that case could be around 16449 odd levels in coming days (Positional view)... Psychologically Nifty closing above 17155 could give some hope to Bulls. Nifty closing below 16960 would make Bulls nervous and a close below 16828 odd levels could give Bears total control. Important levels on the upside 17155 / 17233 / 17400 Important levels of the downside 16960 / 16828 / 16449 I have a Bearish view and would consider it to be invalidated if Nifty closing is above 17155 / 17233 odd levels ( you can chose your level depending on the your risk appetite) Take care & trade safely...!!! If you find the Analysis helpful do Hit the Like button and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook