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CNXFINANCE trade ideas

Finnifty weekly expiry analysis for 12/09/23.Finnifty has given a close above 20300 levels gaining 167 points higher. On the hourly charts, the market gave a breakout after consolidating in the second half of the session and is trading above both the moving averages. Nifty has also touched the 20k levels and now its time for other indices to form new ATH. Tomorrow is weekly expiry and if the index take a halt it will give pain to the option buyers. It will be wise to trade the dips as the market is of buy on dip. On 15 minute time frame, there is a support around 20250 which coincides with the 20 ema. It has closed above both the moving averages. Support :- 20255, 20180 Resistance :- 20360, 20450 Watch the break out and only trade a confirm setup as it will be a weekly expiry. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty levels - Sep 12, 2023FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe
Financials to bleed for next one yearBanknifty and nifty charts I have already shared in other posts. This is finnifty chart on weekly time frame with my wave countings. Finnifty completed its double correction at around 20650 mark in july itself. The breakdown should start soon, and it will be bigger bear cycle which will continue for next 1 year (atleast, it may extend ). No overnight longs suggested. IF not shorting, dont go long now. The bull part is almost over here. Let the bear party begin. All the best and stay alert, stay updated.
NSE:CNXFINANCEShort
by LBilgir
05 Sep ’23 Post Mortem on FinNifty | Weekly Expiry AnalysisFinNifty Weekly Expiry Analysis Between the last expiry and today, Finnifty has only fallen 0.21% ~ 41pts. From a headline level the fall of 1.83% ~ 365 pts and its recovery is not obvious. Moreover FinNifty has respected the support level of 19421 and is trading at a safe distance from it. As it stands Finnifty is not showing any directional sentiment, this was the reason the options premium were very less today. In fact Nifty50 and BankNifty far OTM options had good juice today, I am assuming it would be because the liquidity was sucked out by the FinNifty expiry traders.
NSE:CNXFINANCE
by viswaram
NIFTY FINANCE 5TH SEPTEMBER EXPIRY SPECIALNifty Finance Spot Actionable Idea (Weekly Expiry) #Current Price- 19787 #Resistance- 19813 #Support- 19768 #Target 19847 And 19885 we can expect after break of Resistance #Target 19734 And 19699 we can expect after a break of Support #Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. NOTE- Only for Education Purpose. Please Give A Like If You Like
NSE:CNXFINANCE
by Sonia-Singh
5
Finnifty"Good morning! As of September 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:CNXFINANCE
by Manickamtraders
Finnifty weekly expiry analysis for 05/09/23.Finnifty on the daily charts has given a grave stone doji and closed around 19800 levels. The market after an initial selling tried to recover and slow regained some points closing only 23 points lower. On the hourly charts, after the initial hour candle the market consolidated and closed between both the moving averages. The gap up and gap down are taking a oppportunity. Tomorrow is finnifty weekly expiry and the market have not given a trending market on last few expiries. On 15 minute charts, it retest the 20 ema and bounced back after the retest. There is also a cup and handle formation. The market remained volatile and there weren't much opportunity to trade. Support :- 19760, 19760, 19640 Resistance :- 19800, 19900 Supports are near by and market can reverse from the support. If market open flat and consolidate during the first half, second half break out can give nice profits. Wait for the price action near the levels before entering the market.
NSE:CNXFINANCE
by TheMamboMomentum
FinNifty levels - Sep 5, 2023FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe
#finnifty"Good morning! As of September 4th, the global market sentiment is neutral to slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-up. After that, if the market consolidates or breaks the immediate resistance, then we can expect a rally continuation. Alternatively, if it rejects there, then we can expect a correction, but that should break the Fibonacci level of 38%. I mentioned only the gap-up variation; however, if the market takes correction without breaking yesterday's high, then we could expect a correction ranging from 38% to 50% based on the structure. This is an indication of pullback continuation. Alternatively, if the correction breaks the Fibonacci level of 50%, then we can expect correction continuation with minor pullbacks."
NSE:CNXFINANCE
by Manickamtraders