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.
About Nifty 50 Index
NIFTY 50 is the main index for the National Stock Exchange of India (NSE). It tracks the performance of the top 50 stocks by market capitalization from 13 sectors of the Indian economy. With such a relatively small number of companies within the index it still represents over 60% of the free float market capitalization of the stocks listed on NSE, and serves as a benchmark for fund portfolios and index funds. The list of the NIFTY 50 Index constituents is rescheduled every 6 month.
Nifty Intraday Analysis for 18th November 2024NSE:NIFTY
Index closed near 23535 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 45.81 Lakh
23600 Strike – 28.89 Lakh
23500 Strike – 25.62 Lakh
Put Writing
23000 Strike – 34.00 Lakh
23500 Strike – 33.23 Lakh
23600 Strike – 23.56
NIFTY is in Falling ChannelNifty at Falling Channel bottom area
Support 23350 & Resistance at 24050 (Channel Top)
Nifty : Head & Shoulder Bearish patternNifty's fall from 26277 to 24694 and then a weak pullback upto 25234 with falling volume and again ready to break 24650. If it happens with heavy volume then it will confirm a clear breakdown from Head n Shoulder pattern. Which is very bearish.
After this breakdown Nifty will try to reach near 2330
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
Nifty 50Nifty 50 possibilities
Nifty first target achieved (Small H&S). the larger one might give second target.
Hope we might see short covering
Weekly still shows trend negative but daily turned positive.
#Nifty directions and levels for November 22nd.Good Morning, Friends! 🌞
Here are the market directions and levels for November 22nd.
Market Overview:
The global markets are showing moderately bullish sentiment (based on the Dow Jones only), while our local market has maintained a bearish sentiment. Today, the market may open with a neutral 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 directions and levels for November 18th.Good morning, friends! 🌞 Here are the market directions and levels for November 18th.
Market Overview:
There are no significant changes happening. The global market is showing a moderately bearish sentiment (based on the Dow Jones only), and our local market is also exhibiting bearish sentiment. T
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of Nifty 50 Index is 23,907.25 INR — it has risen by 2.39% in the past 24 hours. Track the index more closely on the Nifty 50 Index chart.
Nifty 50 Index reached its highest quote on Sep 27, 2024 — 26,277.35 INR. See more data on the Nifty 50 Index chart.
The lowest ever quote of Nifty 50 Index is 279.00 INR. It was reached on Jul 3, 1990. See more data on the Nifty 50 Index chart.
Nifty 50 Index value has increased by 1.55% in the past week, since last month it has shown a −1.93% decrease, and over the year it's increased by 20.57%. Keep track of all changes on the Nifty 50 Index chart.
The top companies of Nifty 50 Index are NSE:RELIANCE, NSE:TCS, and NSE:HDFCBANK — they can boast market cap of 202.68 B INR, 181.74 B INR, and 157.88 B INR accordingly.
The highest-priced instruments on Nifty 50 Index are NSE:ULTRACEMCO, NSE:MARUTI, and NSE:BAJAJ_AUTO — they'll cost you 11,375.30 INR, 11,063.60 INR, and 9,481.65 INR accordingly.
The champion of Nifty 50 Index is NSE:TRENT — it's gained 151.54% over the year.
The weakest component of Nifty 50 Index is NSE:INDUSINDBK — it's lost −32.33% over the year.
Nifty 50 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Nifty 50 Index futures or funds or invest in its components.
The Nifty 50 Index is comprised of 50 instruments including NSE:RELIANCE, NSE:TCS, NSE:HDFCBANK and others. See the full list of Nifty 50 Index components to find more opportunities.