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Volatile

NIFTY- A strong move is about to come?An index analysis idea after many many months. Reason:- Today, we saw a short covering 400 points up move in Nifty with an ATH closing. What is the chart speaking now? Nifty has given daily closing above 22800 which was a strong supply zone. 23000 is a psychological resistance in Nifty now. As from chart, it is clear that our dear Nifty is trading in a channel and 23100-23150 is the next supply zone. If we see a consolidation near 23000, we might see this resistance getting broken and strong bull run till 25000 should be expected. However, there are high chances of bull trap getting formed in this zone , especially 4th June being an eventful day which is just 2 weeks away from now. I am expecting a highly volatile market till June end.
NSE:NIFTY
by chartistamey
01 Jan ’24 — Banks not happy with a "Happy New Year 2024"We have compiled the last 3 months of work into an Amazon Kindle ebook with the title “60 Post-Mortems on Nifty & BankNifty Q3 FY23-24” - request you to take a look and provide suggestions. BankNifty Analysis - Stance changed to Neutral BankNifty was not able to break away from the lower channel line. Normally BN swings from the lower boundary to the upper boundary and follows a good correlation with the ascending channel. The last 30mts of fall ensured we broke the lower trend line. Ideally, the stance had to change to bearish - but we ran out of time for a full 63mts candle to form. 4mts chart link - click here The fall was 408pts ~ 0.84% deep. The red candle that took out the channel trend line had a drop of 154pts. Both BankNifty and FinNifty were looking quite weak today - not sure of the reasons though. When NiftyIT turned and went into strong green - the banks also started lending support to Nifty50. And when the fall came, it was all banks. 63mts chart link - click here The last candle closed below the channel, but the body is still touching the trend line. Just because of this reason - we decided to go with a neutral stance instead of bearish. The opening hours tomorrow will give us more clues anyway. FinNifty has expiry tomorrow and the stakes will be quite high for the banks to perform.
NSE:BANKNIFTY
by viswaram
NIFTY for upcoming week (23 May,22 to 27 May,22)We all saw highly volatile previous week with massive gaps on either sides. Nifty formed a range with defined boundaries at 16400-15735. A close above 16400 can bring more upside for short term. Though a breakout fail at 16400 can bring in another rally on the downside as well that is towards 15735. Following a breakout above 16400 can accelerate the markets to close the gap until 16682. Again with volatility on rise, keep your position size in check at all times and trade carefully. I prefer to have a view of bullish only on Breakout above 16400. Or else it will stay bearish to sideways. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTY
by architk
It's a calm expiry that ends on a high.It was an interesting week apart from the gap up and gap down. With a calm expiry, I could squeeze the premium from 15550 PE and 17550 CE. The position itself gives me 0.8%. A nifty cross of 200MA Nifty will have to move from here if nothing bad happens. Vix also gave a cool down that will help the option seller, even after such a huge gap up opening today. The volatile movement I am expecting a retest from those support ranges because the gap up helped to get nifty above 200MA. Let's keep an eye on these because the uncertainty is still there. Any news can influence the market. I keep an eye on NIFTY above 17500 and below 16850. We need to respect those levels. As I am coming to my expiry, I keep rolling my PE and CE (17400CE) and PE 16250 and 16350, and I keep booking the profit. At one point in time, the CE side gave bit of worry and i used to sell CE heavy 17400 and come out with high profit nearly 3%.
NSE:NIFTY
by Manuadarsh
Trade setup for ZEELYesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock and can move 5-6% in intraday, sometimes even 7%. There is a high probability that this stock will move on back of high volatility tomorrow as it is near the lower part of the price channel. But if not tomorrow, it will most definitely move in the coming 2-3 sessions and with even higher momentum, so 5-7% returns can be expected intraday. Let's see and let us respect market and let it do its thing and we should do our thing of reacting to it. This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market. Consult your financial advisor before taking trades I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible. Trade carefully Grateful🙏
NSE:ZEEL
by inteliigentrader