Midnifty Intraday Analysis for 2nd April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 5.87 Lakh is at 10700 strike followed by 3.92 Lakh at 10800 Strike and Put writing of 5.93 Lakh at 10600 Strike followed by 3.51 Lakh at 10700 Strike. Index is facing resistance near 10570 level.
Index is expected to trade between 10590 - 10730 level.
If Index is crossing above 10730 level and Call unwinding taking place at 10700 strike then the index may move near 10800 level. Trailing Stop Loss 10690.
Contra Long position may be initiated if Index comes near 10600 level with Trailing Stop Loss 10570.
Index is unlikely to go below support level.
NIFTY_MID_SELECT trade ideas
Midnifty Intraday Analysis for 1st April 2024NSE:NIFTY_MID_SELECT
Maximum Call writing of 19.88 Lakh is at 10600 strike and Put writing of 12.71 Lakh at 10500 Strike. Index is facing resistance near 10570 level.
15 Minute closing above 10570 - 10600 level may lead to 10700 level. Trailing Stop Loss 10500. If Index is not sustaining above 10570 then it may drag to 10490 level in this case Trailing SL for short entre will be 10600.
NIFTY MID SELECT WEEKLY EXPIRY 01 APR 2024...Writing on a April Fool Day is always challenging task. Index recovery has been smooth from the low on 20 Mar 2024 end of Gann Annual Cycle March 23/24. We have recovered two-third of the range. We see a double top at 10562.75 which is level to watch on the upside. Again we see a double bottom on downside at Gann Level of 10493.10 which isthe centre of gravity on the range considered on the index. Looks like 10500 level concentration on weekly close. So we may see some action on Monday at this level. Use the same level for your intraday trades bias. With expansion on either side of 10562.50 and 10437.50 rangefor the index.
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.
My Analysis for Midcap Nifty for 1 April 2024For April 1, 2024, the Midcap Nifty displays a bullish trend, marked by an upward-sloping trend line. Positive momentum is anticipated at the opening, supported by favorable investor sentiment, driven by strong economic indicators and supportive policies. Technical analysis indicates the potential for further upward movement, with traders advised to monitor price action for breakout or reversal signals. Overall, the Midcap Nifty is positioned for a bullish session, with sustained upward momentum expected to persist.
Midnifty Intraday Analysis for 27th March 2024NIFTY_MID_SELECT
Maximum Call writing of 6.88 Lakh is at 10400 strike and Put writing of 10.83 Lakh at 10400 Strike.
15 Minute closing above 10525 level may lead to 10590 level. Trailing Stop Loss 10460.
15 Minute closing below 10450 level may lead to 1st target 10400 level and 2nd target of 10360 level. Trailing Stop Loss 10490.
Midnifty Intraday Analysis for 26th March 2024NSE:NIFTY_MID_SELECT
Maximum collective Call Put writing is at 10400 strike.
15 Minute closing above 10440 level may lead to 10525 level. Trailing Stop Loss 10380.
15 Minute closing below 10360 level may lead to 1st target 10315 level and 2nd target of 10270 level. Trailing Stop Loss 10420.
MIDCAP NIFTY forms inverted H&S at crucial SupportMIDCAP NIFTY has formed an inverted Head and Shoulder Pattern at the crucial 10200 Support Zone and is poised for a breakout of 10500 Zone on Monday. A gap-up opening followed by short covering may see a sharp recovery towards 10653 and if it sustains above the Pivot of 10721 may trigger a rally to regain 11000 levels next week itself.
NIFTY MIDCAPindex looking week creating lower high and gave breakdown
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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NIFTY MID SELECT EXPIRY HOURLY GANN LEVELS CHART 18 MAR 2024Index has been correcting after the recent high and we have a cycle level support at 10284. We see a double bottom formation near that level with a higher low formation at 10336 level. We can be positive above 10493. Hurdle at 10563 and support at 10423. Use the range or breakout on either side to plan your trades. We will have wild swings till 2nd week of April 2024. Traders Paradise...
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.
NIFTY MID SELECT INDEX WEEKLY EXPIRY 11 MAR 2024Index has moved nearly in a range of 500 points from the top. The level of 10890.40 is to be watch for intraday bias. Above it we have 10920.40/10953.70/10998.75/11025. Beow it we have 10842/10816/10745.40/10712.25. So trade the levels to your advantage to make some profits.
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.
NIFTY MID SELECT WEEKLY EXPIRY 04 MAR 2024Using the top traded strikes on NSE website we see a range of 11000 to 11200. Index has closed at 10966.95. The range to watch for today's expiry is 11025 for upside move and 10975 for downside move... within that range is sideways .... avoid trading zone...
Happy Trading !!!
Midcap Nifty Expiry Day trades - 26/2/24Hello Everyone. For the first time providing midcap nifty trades. It was sideways most of the time on Friday. Chances of it going up are very less compared to going up. Do book profits every 30 points and preserve capital at any cost. Reduce lot size if your are not sure of the trade.
MIDCPNIFTY - Don’t let the price fool you.What I am sharing is one of those special findings which proves that trading is an art and not a gamble. It requires practice, perseverance, patience and hard work and discipline like no other.
See this trendline. It helped to catch almost every single swing high in nifty mid select.
The trendline speaks for itself. According to this a pullback should happen on Monday but it if breaks above it on a a losing basis then midcpnifty can fly high.
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Midcapnifty Support green line resistance red .. midcapnifty will fill gap , it's my personal view , sideway zone black line marked on chart , any side move will blast otm premium, don't play in sideway zone ,3mint 2 candle sustain any side that will be intraday trend, advice is free but money is very hard to make,, ask your financial advisor before doing investment or trade I'm not liable for your profit and loss,
NIFTY MID SELECT FOR 19 FEB#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.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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NIFTY MIDSELECT HOURLY GANN LEVELS CHART WEEKLY EXPIRY 19 FEB 24Index has hit the11040.50 level as shown in chart. Its at an important percentage level. Above it targets at 11077/11088. Below it supports at 10998/10992.10. Breakout above 11106 level. It would be interesting to see if it sustains above 11111.
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Midcapnifty Level are mentioned in chart MidcapNifty lifted to lifetime high... tommorow if it really have strength then it break lifetime high and if not then it is lifted...10600will be tommorow or day after tomorrow,,, it is not buy or sell recommendation,,bcoz money is very hard to earn and easy to loose ,,,please ask your financial advisor ,, what to do in lifetime high area ...levels are only my view