Midnifty Intraday Analysis for 22nd April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 20.70 Lakh is at 11000 strike followed by 16.92 Lakh at 10900 Strike then at 10800 Strike with 15.77 Lakh and Put writing of 18.91 Lakh at 10500 Strike followed by 12.10 Lakh at 10400 Strike and 11.53 Lakh at 10600 Strike. Index is closed near 10665 level.
Index may face resistance near 10850 - 10900 level and go beyond 10950 level only when Israel Iran War Tension eases out.
Index has support near 10575 - 10525 level and less likely to fall below 10500 unless new geopolitical tension arises.
It is expected that the index trade around 10600 - 10900 level if was tension is not escalated much. Any change will be updated if any new development arise due to Israel Iran war tension arises.
NIFTY_MID_SELECT trade ideas
NIFTY MID SELECT GANN LEVELS WEEKLY EXPIRY 22 APR 2024Mid select index has been a significant correction in from the ath. Friday bounce back was critical. Expiry volatility is a great opportunity for intraday traders who are on the right side of the markets. Index may see further recovery above 10740 levels. Level to watch on the downside is 10614. In between the two levels we may see consolidation. ATH is 11120 rounded off and swing low was 10054. A range of 1150 points nearly. We made a lower high at 11030... 2 weeks back and last week we corrected to a low of 10533. The midpoint of the current swing is 10590 and as long as we are above it chances of recovery are possible.
Intraday levels to watch for expiry 10682 and 10654. trades can be initiated on breakout of this range with usual stop loss as per risk profile.
Happy Trading !!!
N.B. Not a finanancial 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.
Midcap Nifty Expiry Day trades - 22/4/24Hello Everyone. Mid cap nifty was bullish previous day. If market opens flat or gap down then we can see continuation of bearish trend. If market opens gap up then we need to wait for resistance to be broken with a 15 minutes candle to take any CE trades, targets must be small.
Midcap nifty sell on rise will make fresh low 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
Midnifty Intraday Analysis for 19th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 12.82 Lakh is at 11100 strike followed by 9.46 Lakh at 10900 Strike and Put writing of 12.28 Lakh at 10500 Strike followed by 10.66 Lakh at 10700 Strike. Index is closed above support level of 10750.
Index may face resistance near 10850 - 10900 level and less likely expected to go beyond 10950 level due to weekend and Israel Iran War Tension.
If Index has support near 10700 level and if index fall below 10700 then it may go near 10590 level.
It is expected that the index trade around 10800 - 10900 level if was tension is not escalated much. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Midnifty Intraday Analysis for 18th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 9.56 Lakh is at 10800 strike followed by 5.00 Lakh at 10850 Strike and Put writing of 9.66 Lakh at 10800 Strike followed by 6.98 Lakh at 10700 Strike. Index is closed above support level of 10800.
Index may face resistance near 10850 - 10900 level and less likely expected to go beyond 10950 level due to Israel Iran War Tension.
If Index has support near 10700 level and if index fall below 10700 then it may go near 10600 level.
It is expected that the index trade around 10800 level if was tension is not escalated much. Any change will be updated if any new development arise due to Israel Iran war tension arises.
Midnifty Intraday Analysis for 16th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 5.07 Lakh is at 10800 strike followed by 2.79 Lakh at 11000 Strike and Put writing of 4.88 Lakh at 10800 Strike followed by 4.55 Lakh at 10600 Strike. Index is closed above support level of 10800.
Index may face resistance near 10880 - 10930 level and less likely expected to go beyond 10950 level due to Israel Iran War Tension
If Index has support near 10600 level if index fall and sustain below 10650 level.
It is expected that the index trade around 10800 level if was tension is not escalated much.
Midnifty Intraday Analysis for 15th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 29.03 Lakh is at 11000 strike followed by 12.50 Lakh at 11050 Strike and Put writing of 25.16 Lakh at 10800 Strike followed by 18.06 Lakh at 10900 Strike. Index is closed above support level of 10940.
Index may face resistance near 11000 - 11050 level and may retrace if go 11025 - 11050 leve if more Call writing is building up at 11000 and 11050 strike.
If Index has support near 10800 level if index down below 10880 and Put unwinding takes place at 10900 level.
If Index down below 10800 then it may further tanked to 10650 level.
Nifty Mid Select 45 min Gann Levels Weekly Expiry 15 April 2024After making a high of 11030 we are retrace the rise are at important level of 10934. Staying above this level is crucial for the expiry today. Recovery on the index is possible only aboe 10960. The zone between the levels of 10934 to 10906 is sideways zone. If we gap down below this level of 10906 then supports are at 10883 and 10865. Below 10865 we can see more fall if it continues downward price action. Recovery can come intraday suddenly being an expiry day so be careful in your shorts as well as longs as sentiments rule the markets. Current sentiments are not good and seen profit booking in the index scrips. Use the levels given prudently for your intraday bias.
Happy Trading !!!
N.B. Not a finanancial 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.
Midcap Nifty Expiry Day trades - 15/4/24Hello Everyone. I have provided mid cap nifty trades and targets above. The market was in a bearish mode previous 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 12th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 11.11 Lakh is at 11000 strike followed by 8.11 Lakh at 10900 Strike and Put writing of 13.42 Lakh at 10800 Strike followed by 12.79 Lakh at 10900 Strike. Index is closed above support level of 10980.
Index may face resistance near 11025 level and may retrace if go 11025 - 11050 leve if more Call writing is building up at 11000 strike.
If Index sustain above 11025 level and unwinding of Call position at 11000 strike then index may touch to resistance near 11100 level.
If Index down to 10950 - 10900 level and Put Position is building up at 10900 Strike then index will bounce and goes near 11000 level.
Reversal of trend in short term is below 10800 level.
Midnifty Intraday Analysis for 10th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 11.45 Lakh is at 10900 strike followed by 7.41 Lakh at 11000 Strike and Put writing of 9.25 Lakh at 10800 Strike followed by 7.81 Lakh at 10900 Strike. Index is closed above support level of 10870.
As the more put writing is building up at 10800 and 10900 strike the support level is shifting up with big support near 10700 - 10800 level. Index is expected to trade between 10800 - 11025 level.
If Index sustain above 10920 level and unwinding of Call position at 10900 strike then index may touch to resistance near 11025 level.
If Index down to 10800 level and Put Position is building up at 10800 Strike then index will bounce and goes near 110900 level.
Midnifty Intraday Analysis for 9th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 4.89 Lakh is at 10900 strike followed by 3.60 Lakh at 11000 Strike and Put writing of 5.91 Lakh at 10800 Strike followed by 3.20 Lakh at 10700 Strike. Index is closed above support level of 10800.
As the more put writing is building up at 10800 and 10700 strike the support level is shifting up with big support near 10700 - 10800 level. Index is expected to trade between 10730 - 11025 level.
If Index sustain above 10920 level and unwinding of Call position at 10900 strike then index may touch to resistance near 11025 level.
If Index down to 10800 level and Put Position is building up at 10800 Strike then index will bounce and goes near 11025 level.
Midcap nifty levels 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
Midnifty Intraday Analysis for 8th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 26.07 Lakh is at 11000 strike followed by 15.90 Lakh at 10900 Strike and Put writing of 39.78 Lakh at 10700 Strike followed by 25.29 Lakh at 10800 Strike. Index is closed above support level of 10800.
As the more put writing is building up at 10800 and 10700 strike the support level is shifting up with big support near 10700 - 10800 level. Index is expected to trade between 10730 - 11025 level.
If Index goes above 10880 level and unwinding of Call position at 10900 strike then index may touch to resistance near 11025 level.
If Index down to 10800 level and Put Position is building up at 10800 Strike then index will bounce and goes near 11025 level.
Midcap Nifty Expiry Day trades - 8/4/24Hello Everyone. I have provided mid cap nifty trades and targets above. The market was in a bullish mode previous 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 5th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 12.22 Lakh is at 10800 strike followed by 9.64 Lakh at 10900 Strike and Put writing of 14.01 Lakh at 10700 Strike followed by 13.30 Lakh at 10800 Strike. Index is closed above support level of 10800.
As the more put writing is building up at 10800 strike the support level is shifting up with big support near 10600 - 10700 level. Index is expected to trade between 10700 - 10925 level.
If Index is down near 10700 level and Call position building up at 10700 and 10800 strike then index will bounce to resistance near 10925 level.
If Index goes near 10925 level and Call position building up at 10900 strike then index will retrace to 10800 level and if Call position unwinding takes place at 10900 level then index will go near 11000 level.
Midnifty Intraday Analysis for 4th April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing buildup of 11.36 Lakh is at 10800 strike followed by 6.66 Lakh at 10700 Strike and Put writing of 12.55 Lakh at 10700 Strike followed by 10.30 Lakh at 10800 Strike. Index is closed above support level of 10800.
Index is expected to trade between 10700 - 10880 level with resistance near 10800 level.
If Index is crossing above 10830 level and Call unwinding taking place at 10800 strike then the index may move near 10880 level. Trailing Stop Loss 10790.
Contra Long position may be initiated if Index comes near 10700 level with Trailing Stop Loss 10680.
Midnifty Intraday Analysis for 3rd April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 7.72 Lakh is at 10800 strike followed by 6.50 Lakh at 10700 Strike and Put writing of 11..05 Lakh at 10700 Strike followed by 8.51 Lakh at 1600 Strike. Index is closed above support level of 10730.
Index is expected to trade between 10700 - 10880 level with resistance near 10800 level.
If Index is crossing above 10800 level and Call unwinding taking place at 10800 strike then the index may move near 10880 level. Trailing Stop Loss 10750.
Contra Long position may be initiated if Index comes near 10700 level with Trailing Stop Loss 10680.