head and shoulder in gift niftyhead and shoulder pattern forming on gift nifty
which may no crash the market but can put it in a medium shot term bearish trend
target 19100 and 18700
S&P CNX NIFTY INDEX FUTURES
No trades
Market insights
Concept of shorting at supply zoneToday's Nifty intraday provides a good example of supply trading or shorting as explained
Cup & Handle - Nifty1. Yellow line act as support
Since it is connecting with previous
tops from where market got reversed
2. Exhaustion gap
3. Supply Level
4. Cup & Handle
16-10-2023 nifty, banknifty trade ideai follow these conditions to trade .i wait for my setup.any things else in chart i avoide trading .no fear of missing out.its ok.
Solar eclipse 14th Oct 2023 and its impact on Stock MarketIn this video we discuss and do chart analysis on dates around the Solar eclipse and how it impacts Stock markets.
Hope you like it.
Defining Zone 19200-19900As suggested straddle was better option for Last 3 weeks
Thorough Options data Calls side seems to be heavy, there is change calls side open intrest, it has shifted towards lower side.
What is expected,
1. Restesting of support
2. Formation Lower Low
3. Remains sideways
If you have niftybees it should hold upto 18600
13-10-2023 nifty,banknifty trade ideafollowing these conditions to trade ,market may volatile today,so trade cautiously .any things else in chart ,i wait to understand then trade.
Will Nifty Bounce Tomorrow on 13 Oct ?Today's expiry played its role well and in the closing hours it gives a good indication for the intraday players.
Technical Data:
Momentum - Positive
Heikin Ashi - Positive
MA Bullish Cross - Positive
Macd Histogram - Positive
All these positive signs indicate a bounce for the intraday traders.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Gift ready for retaitorsBlack Friday is waiting for you eagrly........next two weeks will be crucial for nifty .......18800 coming this month ..........this will happen in next three days non stop ........put position of next week or month expiry is going to give to 10 times returns .....
Nifty future chart analysis for 12.10.202319893 strong resistance if price takes resistance here you may see another sideways.
crossing above 19893 will provide price a strong upward movementand it may easily reach
19957 and may retest or cross pass 20k.
19815 (Strong Support if takes support here go long and follow levels)
below 19815 it may little week , but 19765 is another strong support
you may short below 19815 (Chance of false breakout is high) but you
can long from 19765 if it takes support.
11-10-2023 nifty ,banknifty trade ideafollowing these conditions to trade ,any things else in chart, wait for understanding what market wants to do.
10-10-2023 nifty,banknifty trade ideafollowing these conditions to trade.waiting for forming my setup.
Nifty Futures, Levels - 9 OctUpside Trade Zone:
If price sustains above the level of 19678 then it could move towards 19715 and then 19745.
Downside Trade Zone:
If the price gives a breakdown of 19678 and sustains there then we could see the levels of 19617.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
06-10-2023 nifty, banknifty trade ideainterest rate decision at 10:00 am expecting consolidation before 10:00 am .first move at 10:00am generally manipulation then after 20 min real move strart.very very high risk today .be carefull.
Nifty Futures - Oct 6Primary Trend : Negative
Range-Bound Trend : All up Moves can initiate profit Booking @ 19630 whereas All Down Moves can Initiate Short Covering @ 19500
Upside:
If Nifty futures for the Oct Series move above 19550 and sustain. Then Nifty futures can touch 19616 and then 19675 during the day.
Downside:
If the support of 19519 is broken then Nifty Futures can touch 19460 and then 19412.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Thanks
Er. Simranjit Singh Virdi
Nifty Futures - Oct 5Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350
If Nifty futures for the Oct Series move above 19515 and sustain. Then Nifty futures can touch 19540 during the day with a Stop Loss of 19490. In a day it could trade in a range of 19540- 19600 levels.
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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material is only for educational purposes.
Thanks
Er. Simranjit Singh Virdi
4-10-2023 nifty banknifty trade ideafollowing these conditions to trade ,anything else in chart ,i wait for understanding the chart then trade.
Nifty Index: Near support levelsIn the dynamic landscape of the Nifty Index, traders find themselves at a pivotal juncture. The current value, perched at 19,638.30, signals a short-term uptrend. Yet, caution is paramount as it teeters precariously near a significant support level at 19,600.
Should it dip beneath this critical point, the index might discover a footing around 19,436 and 19,336. To mitigate risks, traders are advised to set a stop-loss at 19,225, ensuring a safety net in the event of a sudden downturn.
For astute traders seeking strategic moves, a prudent approach emerges: buying when the index approaches these support thresholds. By doing so, traders position themselves to capitalize on potential upward bounces while safeguarding their investments.
Conversely, the journey upwards is studded with hurdles. Resistances loom at 19,840, 19,990, and 20,164, representing zones where the pace of gains might decelerate. This insight becomes invaluable, offering traders a clear delineation for profit-taking or setting targets.
29-09-2023 nifty, banknifty trade ideayou see huge gap ,it is because of new monthly opening contract.it does not change of ideas of normal trading.following these conditions to trade.
some of you do not like 24 hour chat ,this chart gives better picture what happening after normal market hour.it is real time chart ,smart money use this chart for trading.
indicator based chart is useless ,market has nothing to do with indicator ,it is distraction.
best of luck
Nifty Futures Intraday ChartThe price shows a downtrend with a series of 6 red HA candles. But the body of the 6th candle fits in the previous one. Which indicates a cool off or a consolidation.
Consolidation range : 19500 to 19560
All major moving averages are negative (-ve)
The breakout of 19560 extends the upper range to 19600//19625
The breakdown of 19500 extends the downside range to 19410
Thanks
Er. Simranjit Singh Virdi
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
28-09-2023 nifty trade ideafollowing these condition to trade.i use this chart to trade nifty ,banknifty options trade.it gives better picture than indices chart of nifty and banknifty.it is highly precise chart.
27-09-2023 nifty trade idea i follow these conditions to trade .i use this chart for options trading in nifty and banknifty.it gives overall picture of market.
Nifty Futures : Overall market positioning and important levels.Chart type : Heikin Ashi
Time frame: Daily
Tools Used:
Fibonacci for levels.
Heikin Ashi candles for momentum.
Moving averages for the behavior of the price.
Analysis:
We have a series of continuous red HA candles which indicates the weakness in momentum. Also the price is trading below the first band of moving averages. The next important level to watch is 23.60% retracement level which is 19412
Thanks
S. Simranjit Singh Virdi
(Independent Trader)
