Interest Rate Saga and its impact on NiftyWe had an eventful week, market participants were waiting for interest rate results to get announced.
After the historical rise in the inflation rate, it was obvious to expect some strong majors from respective authorities. This may continue for the coming few months.
Now we have come below 15800, which was one of the most critical support zones, considering the volume profile and historical price action. This level will act as strong resistance in the time ahead and the price may retest the next support zone which is 15000 and 14200 levels. These levels have created the price zone, where the index has spent 3-4 months so this would act as the next base and there prices may spend some time before taking further action.
You may see an increase in the call shorts at 15800 and 16000 strikes.
Volumespreadanalysis
What next? Reversal to 17k or 15kSince the Last blog on Nifty, we came across plenty of news, including repo rate hike, Fed rate hike, war-related tension, and inflation.
The entire global market reacted to it with extensive selling.
In the Indian market, FII has sold more than 17000 crs of their holding, which is equivalent to October 2021 stats but this month we still have half a month to go.
On the upside, the market should close above the 16400 in the coming week.
And there should not be any exhaustion gap below the 15600 level which is the next support level, in case this happens we may see a strong sell-out and the price would go to 15000. This level depicts the VAL level, which lowest price level within the area.
Time Techno Plast ready for up moveTime Techno Plast is giving a multi weeks breakout after a formation of double top . If stock consolidates here that will be good sign for future upside move.
levels are self explanatory on charts.
Disclaimer : This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Predict Crude oil's next movement with Volume activityPrice action is the Key.
Use Ultra high volume setup/condition for additional confirmation purposes only.
A combination of Daily and Hourly time frames works well.
Highly recommended only if the Daily time frame is Trending.
Lower time frames say less than the hourly chart gives the confused or mixed-signal, so it is recommended to use for overnight positions.
Take trades based on your own risk appetite.
The indicator used is Volume Spread for VSA
Queries are Welcome
NIFTY Volume Spread Analysis: Whats Happening ? Commentry
The market Started the October Series, with a (1.Low Volatility Test Reversal)
Then It Formed a (2. Potential Trend Change) Pattern
Made a retest for 17500 at (3. Effort Up) and (4. Effort Down)
And Till Today have given two positive Followups (5. and 6.)
So What is the Dominant Direction Here?
For me Logically is the Long Side
How i think prices will move with smart money ?
In the coming next week Market is on high probability to reTest 18300 and 18300,
BHARTIARTL Long Trade BetAll Levels Mentioned On Chart
How to trade the setup?
When the chart says Long or Short at particular level, Put a Stop Order at those levels, Levels are strict
T1 : is Target 1
T2 : is Target 2
When you achieve your first target, book profits of 50%
and shift the stops to the cost
The term Catastrophe Stop, is a maximum movement of price that can happen in opposite direction of trade
so that the setup remains valid, Its basically used, to give some breathing space to the trade,
I may call for a recovery if the setup becomes invalid as the market progress.
As we all know anything can happen in the market and we should respect that
The Idea is for Educational purpose only
At Last, do your own analysis, before trading your money!
Nifty Futures: AnalysisThree signs of strength witnessed on this chart:
1. Shortening of the thrust -- Price breaks the lows but there is not much follow through.
2. Ease of movement in three up waves as price bounced back from 14250 support zone.
3. Higher lows formation under 15000 as psychological flat resistance zone.
Two signs of weakness:
1. Price breaks out of 15K zone, which is good, but range of the bar is narrow and volume is below average.
2. Price turned back below 15000 mark signaling failure of breakout, so looks like an upthrust.
# There is not much supply as the price retraces below 15k level again, signaling not much sellers are present but I will look at volume at the end of day. So it is yet to be confirmed.
To resume the uptrend -- A close above 15050 will provide confirmation.
In case of lack of movement on the up side -- it may retrace back to 14300.
Hope this volume spread analysis 'll help you to take better trading decisions.
Regards
JJSingh
Nifty Expiry Analysis [Feb, Volume Spread Analysis]What is Happening?
In previous 3 days,
We have encountered these two Signs of Weakness in the market.
1. A No - demand situation, where price spread decreases with the decrease in volume
2. A Thrust based test of the level 15250
Strategy
Sell on low of next the red bar
which happens below 15240
and Target 15085
Alert
This post is for an educational purpose only,
I am a human and i may be wrong some times, so follow on your own risk analysis!
SRTRANSFIN SHORT IDEA [VSA + VOLUME PROFILE]SHORT SRTANSFIN AT VOLUME PROFILE POC LEVEL
WEAKNESS IN BACKGROUND
- EoR - End of Rising
- SoD - Supply overcoming Demand
- Rising with low volume