NIFTY is in Falling ChannelNifty at Falling Channel bottom area
Support 23350 & Resistance at 24050 (Channel Top)
Market indices
Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart
Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box.
Red: we are wave iii of iv and
Best FVG Area to be played out soon by SMART MONEY8yrs + On Candle Charts. Feel free to Discuss for Better Financial and chart recomendation
Last leg of correction in BNFBank Nifty CMP 50600
Elliott- This is a zig zag corrective pattern. Here both the A and C leg has 5 waves. Yesterday it completed the iv wave of C. The vth wave down should come down to 49230 as the minimum tgt. If this is broken then the 48340 is where it will bottom. Good news is this is a bulli
Banknifty Intraday Analysis for 19th November 2024NSE:BANKNIFTY
Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract:
Call Writing
51000 Strike – 16.62 Lakh
51500 Strike – 14.43 Lakh
50500 Strike – 10.92 Lakh
Put Writing
49500 Strike – 19.33 Lakh
50000 Strike – 17.10 Lakh
49000 Strike – 1
Banknifty Bearish Harmonic Pattern _Both side moves possibleHello everyone,
yesterday there was pullback in banknifty around 800 points but pullback fail as volume not supported and the multiple resistance at 51000-51200 with bearish harmonic pattern banknifty fall again around 700 points from high.
bearish trend can continue if banknifty breaks below 5020
NIFTY50: INSTITUTIONAL LEVELS FOR 21/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to
Nifty Expiry Support&Resistance Levels for 21 st Nov ThursdayImmediate Support:
23425 to 23350 area: If this support range holds, you are suggesting a possible long trade. The targets for this long position would be:
23500
23550
23600
23670
Voilation of supports and sustains below 23200 and 23k targets will open up.
Immediate Resistance:
23670 area: This l
Nifty moments for option trading 21/Nov/2024Nifty moments for option trading 21/Nov/2024
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Nifty Nov Short Strangle StrategyCurrently Nifty is following a descending channel. If the channel holds till November expiry, then one can benefit from entering a Short Strangle with 23000 PE and 23850 CE for November expiry.
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