Midcap nifty still buy on dip avoid sell trade On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
NIFTY_MID_SELECT trade ideas
MIDCAP NIFTY DAILY.Midcap Nifty on daily TF rejected breaking 61.8% in 4/5 continuous trading sessions. It was again and again trying to bounce back from the levels, and it successfully bounces with major upside candle today. Trying to break out of the box upside too, if the buying follows up, we can see new highs on this index again.
Only for educational purposes. Do your own analysis before taking any trade.
Midnifty Intraday Analysis for 13th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 22.88 Lakh is at 11000 strike followed by 20.28 Lakh at 11200 Strike and 19.35 Lakh at 11100 strike and Put writing of 23.14 Lakh at 10700 Strike followed by 19.22 Lakh at 10800 Strike and 17.11 Lakh at 10500 strike. Index is closed near 10880 level.
Index has support near 10750 - 10700 level and if this support is broken then index may tank to 10500 level.
Index may face resistance near 10950 - 10975 level and less likely to go above 11025 level.
Midcap Nifty Expiry Day trades - 13/5/24Hello Everyone. The market was in a bullish mode today. As per the US market it looks like a gap down opening tomorrow. If you made profits today then its better not to trade tomorrow as premiums are high and operators will try to get traders SL throughout the day. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves.
Midnifty Intraday Analysis for 10th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 17.76 Lakh is at 11100 strike followed by 15.20 Lakh at 11000 Strike and 14.38 Lakh at 11200 strike and Put writing of 16.49 Lakh at 10700 Strike followed by 14.27 Lakh at 10500 Strike and 9.61 Lakh at 10800 strike. Index is closed near 10750 level.
Index has support near 10675 - 10700 level and if this support is broken then index may tank to 10600 level.
Index may face resistance near 10850 - 10900 level and less likely to go above 10950 level.
Midnifty Intraday Analysis for 9th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 17.76 Lakh is at 11100 strike followed by 15.20 Lakh at 11000 Strike and 14.38 Lakh at 11200 strike and Put writing of 16.49 Lakh at 10700 Strike followed by 14.27 Lakh at 10500 Strike and 9.61 Lakh at 10800 strike. Index is closed near 10750 level.
Index has support near 10675 - 10700 level and if this support is broken then index may tank to 10600 level.
Index may face resistance near 10850 - 10900 level and less likely to go above 10950 level.
NSE:NIFTY_MID_SELECT
Midnifty Intraday Analysis for 9th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 9.98 Lakh is at 11100 strike followed by 8.90 Lakh at 11000 Strike and 7.96 Lakh at 11200 strike and Put writing of 11.26 Lakh at 10800 Strike followed by 8.34 Lakh at 10600 Strike and 8.16 Lakh at 10500 strike. Index is closed near 10925 level.
Index is facing resistance near 10950 – 11000 level. If index crosses 11025 level and sustain the may reach 11100 level and if index crosses 11100 level, then resistance may reach near 11200 level.
Index has strong support near 10850 – 10800 level and less likely to go below 10760 level.
Midnifty Intraday Analysis for 8th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 10.69 Lakh is at 11100 strike followed by 7.28 Lakh at 11000 Strike and 5.27 Lakh at 11300 strike and Put writing of 7.04 Lakh at 10800 Strike followed by 6.53 Lakh at 11000 Strike and 6.18 Lakh at 10600 strike. Index is closed near 11845 level.
Index has support near 10675 - 10600 level and less likely to go below 10600 level.
Index may face resistance near 10950 - 11000 level and less likely to go beyond 11025 level.
Midnifty Intraday Analysis for 7th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 4.29 Lakh is at 11100 strike followed by 2.74 Lakh at 11200 Strike and 2.59 Lakh at 11350 strike and Put writing of 5.99 Lakh at 10600 Strike followed by 4.94 Lakh at 10800 Strike and 4.90 Lakh at 11000 strike. Index is closed near 111045 level.
Index may face resistance near 11120 - 11160 level and if this resistance is broken then index may reach near 11200 - 11225 level.
Index has support near 10950 - 10880 level and if this support is broken then index may reach near 10800 level.
Midnifty Intraday Analysis for 6th May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 23.50 Lakh is at 11200 strike followed by 23.11 Lakh at 11100 Strike and 19.09 Lakh at 11150 strike and Put writing of 16.21 Lakh at 11000 Strike followed by 14.89 Lakh at 11100 Strike and 12.45LLakh at 10900 strike. Index is closed near 11060 level.
Index fell on Friday (03-05-2024) on rumour about increase in Capital Gains Tax which was clarified by FM that Government has no plan to change in Capital Gains Tax. Index has strong support near 11000 - 10950 level and less likely to go below 10900 level.
Index may reach near 11200 level and face resistance near it as the maximum Call writing is at 11200 strike and less likely to close above 11200 level on the expiry day on Monday (06-05-2024).
NIFTY MID SELECT GANN ANALYSIS FOR WEEKLY EXPIRY 06 MAY 2024 Nifty Mid Select Index has shown Triples highs at 11119.85 on 23 Feb 2024, 11029.35 0n 12 Apr 2024 and 11158.40 on 03 May 2024. The last high is also a Triple top with Highs at 11153.20 on 30 Apr 2024, 11156.45 on 02 may 2024 and 11158.40 on 03 May 2024. Thereafter we saw intraday fall till the low of 11009.25 which was near the 3 day low of 10999.25 on 29 Apr 2024.
The level to watch on downside is 10999.25 for the trend bias. We have a cluster resistance at 11066.65 and 11080.30. Both needs to be watch on Monday. Above 11066.65 we may recovery till 11107.75 which needs to crossed for further recovery. Staying below 11066.65 is not good for growth in the index below which we may slide further down till 11025.50 which is very critical for it. Below it we may see change in trend for short term.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the program for this opportunity to use it freely to
express our ideas to the community of traders.
Midcap Nifty Expiry Day trades - 6/5/24Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses.
Nifty Midselect Plan For Expiry 04-05-24Index has formed inverted head and shoulders pattern on 1hr tf which can be traded . Only on crossing 11090.50. Safe trader wait for pullback on 5m tf after crossing; aggressive trade may enter directly on crossing.
Disclamer: This is my particular view which may not perform as mention due to different scenarios.So,trade according to your risk taking capacity
Midnifty Intraday Analysis for 3rd May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 13.22 Lakh is at 11500 strike followed by 13.04 Lakh at 11200 Strike and 11.13 Lakh at 11100 strike and Put writing of 16.77 Lakh at 11100 Strike followed by 11.79 Lakh at 11000 Strike and 7.36 Lakh at 10900 strike. Index is closed near 11130 level.
Index may face resistance near 11200 level and if this resistance is broken then index may reach near 11500 level.
Index has strong support near 11060 - 11000 level and if this support is broken then index may reach near 10900 level.
Midnifty Intraday Analysis for 2nd May 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 9.06 Lakh is at 11200 strike followed by 7.96 Lakh at 11100 Strike and 2.57 Lakh at 11200 strike and Put writing of 8.77 Lakh at 11000 Strike followed by 5.59 Lakh at 11100 Strike and 3.44 Lakh at 10800 strike. Index is closed near 11040 level. Index closed near 11060 level.
US FOMC outcome will be declared on 1st May which is Holiday here and reaction will be seen on 2nd May on India Market.
If US FOMC commentary is positive then index may reach near 11200 level. if FOMC commentary is negative then index may tank to near 10940 - 10900 level.
Midnifty Intraday Analysis for 30th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 3.86 Lakh is at 11000 strike followed by 3.643 Lakh at 11100 Strike and 2.57 Lakh at 11200 strike and Put writing of 6.58 Lakh at 11000 Strike followed by 2.99 Lakh at 10800 Strike and 2.51 Lakh at 10900 strike. Index is closed near 11040 level. Index support is shifting upward.
As support shifted near 11000, index has potential to reach 11200 level if break 111000 resistance
Index has strong support near 11000 - 10900 leve and less likely to go below this level unless any geopolitical crisis arises.
Midnifty Intraday Analysis for 29th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 21.52 Lakh is at 11200 strike followed by 19.83 Lakh at 11100 Strike and 18.95 Lakh at 11000 strike and Put writing of 23.23 Lakh at 10900 Strike followed by 23.09 Lakh at 10800 Strike and 18.74 Lakh at 10600 strike. Index is closed near 10970 level. Index support is shifting upward.
Significant Call writing is at 11000 strike which will act as resistance and if index sustain above 11000 then it may reach near 11100 level
Index has strong support near 10880 - 10800 leve and less likely to go below this level unless any geopolitical crisis arises.
NIFTY MID SELECT GANN ANALYSIS FOR 30 MAY 2024 EXPIRYIndex has made an ATH at 11120 on 23 Feb 2024 and swing low on 20 Mar 2024 at 10054. A swing of nearly 1066 points. A lower high was made on 12 Apr 2024 at 11030 and a higher low was made on 19 Apr 2024 at 10532. Again a swing of 498 points. Current swing high on Friday is 11000 nearly. So clearly above 11000 we may challenge the lower swing of 11120 very soon. If we open gap up and run smoothly so we may see 11120 today only.
On chart you can see we hit important level of 10525 for a swing low. Next important level for trend to watch is 10840. Intraday for expiry range to watch is 11036 and 10957. Traders can trade this range with confidence with 10996 as bias. Any expansion outside this range will see momentum on either side. Remember to watch fake outs if any.
Happy Trading !!!
N.B. Not a financial advice to buy or sell.
With usual disclaimers as applicable within the reach of this
beautiful trading analysis platform. Thanks to the developers
of the programme for this opportunity to use it freely to
express our ideas to the community of traders.
What is Swing Trading Let's Know Hi mates and friends, Here i am sharing again an educational post and this time it's all about Swing trading as you might have guessed after reading the title so sharing some insight on this topic below mates !!
Swing Trading: A Strategy for Riding Market Waves
Swing trading is a popular trading strategy utilized by investors seeking to profit from short-to-medium-term price movements in financial markets. Unlike day trading, which involves rapid buying and selling within a single trading session, swing trading typically spans a few days to weeks. This publication delves into the fundamentals of swing trading, its strategies, advantages, and considerations.
Understanding Swing Trading:
Swing trading capitalizes on "swings" or price movements within an established trend. Traders aim to identify and exploit price fluctuations, buying at low points and selling at higher points, or vice versa in a bearish market. This strategy relies on technical analysis, which involves studying price charts and indicators to forecast future price movements.
Key Strategies:
1. Trend Identification: Traders analyze price charts to identify the prevailing trend, whether it's bullish (upward), bearish (downward), or ranging (sideways). Swing traders typically avoid counter-trend trading and focus on aligning their positions with the dominant trend.
2. Entry and Exit Points: Swing traders seek entry points near support levels (for buying) or resistance levels (for selling) within the trend. They often use technical indicators such as moving averages, Fibonacci retracements, and oscillators like the Relative Strength Index (RSI) or Stochastic Oscillator to pinpoint these levels.
3. Risk Management: Effective risk management is crucial in swing trading. Traders establish stop-loss orders to limit potential losses and employ position sizing techniques to manage risk exposure. The risk-reward ratio, which compares potential profit to potential loss, is carefully considered for each trade.
4. Trade Duration: Unlike day traders, swing traders hold positions for several days to weeks, allowing trades to develop and capture larger price movements. This approach requires patience and discipline to withstand short-term fluctuations.
Advantages of Swing Trading:
1. Flexibility: Swing trading can be pursued alongside other commitments, as it doesn't require constant monitoring of the markets.
2. Profit Potential: By capturing intermediate price movements, swing traders have the potential to generate significant profits compared to day traders.
3. Reduced Noise: Swing traders focus on higher timeframes, filtering out intraday noise and false signals often encountered in shorter-term trading.
Considerations and Risks:
1. Market Volatility: Swing trading carries inherent risks, particularly during periods of high volatility or sudden market reversals. Traders must adapt their strategies accordingly and be prepared for unexpected price movements.
2. Overtrading: Impulsive trading or excessive trading frequency can erode profits and increase transaction costs. Maintaining discipline and adhering to a predefined trading plan are essential to avoid overtrading.
3. Psychological Factors: Emotions such as fear, greed, and overconfidence can influence decision-making and lead to poor trading outcomes. Effective risk management and emotional discipline are critical for success in swing trading.
In conclusion, swing trading offers an alternative approach for investors looking to capitalize on short-to-medium-term price movements in financial markets. By combining technical analysis with effective risk management, traders aim to profit from the ebb and flow of market trends while managing inherent risks and challenges.
If you like my publication do boost my post, Thanks in advance.
Best Regards-: Amit
Midcap Nifty Expiry Day trades - 29/4/24Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 50 points as we are getting very few trending moves. If we do trades in between these zones premium eating will happen and we end up seeing losses.
Midnifty Intraday Analysis for 26th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 8.66 Lakh is at 10800 strike followed by 5.91 Lakh at 10900 Strike and 5.61 Lakh at 11000 strike and Put writing of 13.62 Lakh at 10800 Strike followed by 11.47 Lakh at 10600 Strike and 6.87 Lakh at 10700 strike. Index is closed near 10880 level.
As the weak US Q1 Data and gap down opening expected and if bounced then index may face resistance near 10950 - 11000 level.
Gap down expected and Index may find support near 10800 level and next support level is near 10725 level.
Midnifty Intraday Analysis for 25th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 9.22 Lakh is at 10800 strike followed by 8.89 Lakh at 11100 Strike and 5.35 Lakh at 10900 strike and Put writing of 8.58 Lakh at 10800 Strike followed by 5.89 Lakh at 10700 Strike. Index is closed near 10835 level.
Index may face resistance near 10880 - 10900 level and go near 10950 level if sustain above 10900.
Index support is shifted upward near 10700 - 10750 level and less likely to fall below 10680 unless new geopolitical tension arises.
It is expected that the index trade around 10700 - 10950 level if was tension is not escalated much.
Midnifty Intraday Analysis for 24th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 9.29 Lakh is at 10800 strike followed by 5.50 Lakh at 10700 Strike and 5.27 Lakh at 10850 strike and Put writing of 6.48 Lakh at 10700 Strike followed by 5.65 Lakh at 10800 Strike. Index is closed near 10780 level.
Index may face resistance near 10800 - 10825 level and go near 10950 level if sustain above 10850.
Index support is shifted upward near 10700 level and less likely to fall below 10680 unless new geopolitical tension arises.
It is expected that the index trade around 10700 - 10950 level if was tension is not escalated much.