Pre-market Analysis Nifty Bank Nifty 25 May 2023Market Recap
Nifty declined 0.34% to close at 18285.40
Bank Nifty declined 0.63% to close at 43677.85
India VIX advanced 4.03% to close at 13.11
NIFTY1! trade ideas
Nifty Futures 25.04.23Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 18266 /green area should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
If you carefully watch the previous charts you will understand how the dotted lines get tagged during the course of the day
keep following for live market updates.
Nifty Futures Levels 24th May 2023Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
The dotted lines in red blue and green can be tagged incase of a break on either side. A gap up should be bullish and its important to follow price action and wait for a proper entry. ANY GAP DOWN BELOW THE SUPPORT AT 18288 should be bearish and again price action will be important. The dotted lines ate the untouched VAH, VAL or poc which can be tagged.
keep following for live market updates.
Pre-market Analysis Nifty Bank Nifty 24 May 2023Market Recap
Nifty advanced 0.18% to close at 18,348.00
Bank Nifty advanced 0.16% to close at 43,954.45
India VIX advanced 0.28% to close at 12.60
Nifty Futures 23rd May 2023Any opening in-between the areas marked will be a no trade zone for buyers. However a breakout on either sides of the support and resistance zones will be interesting...as it will be coming out of consolidation area. The opening will lay the course of action for the day.
Special markings in Red, blue and Green are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken.
keep following for live market updates.
Pre-market Analysis Nifty Bank Nifty 23 May 2023Market Recap
Nifty advanced 0.61% to close at 18,314.40
Bank Nifty declined 0.19% to close at 43,885.10
India VIX advanced 2.17% to close at 12.57
Nifty Futures Levels 22nd May 2023Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken and where to be avoided.
keep following for live market updates and do study the previous charts too for an analytic view.
Will be adding various other factors in regular updates for both the indices.
SGX prediction based on support resistence levelsSGX:IN1! SGXNIFTY has started trading below previous support and has been bouncing back from current support and failed to break previous support which is acting as resistance now, if sgx manages to break current support too, then 17900 zone will be next support/buy zone for sgx.
if current resistance ( previous support) is breached and sgx manages to move up again , then we will have to wait and analys next move after price actioon is made.
Nifty Levels for 19th May 2023Incase You have been viewing the charts, you will find special markings in Red, blue and Green. These are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize from the chart where a trade with defined risk can be taken and where to be avoided.
keep following for live market updates and do study the previous charts too for an analytic view.
Will be adding various other factors in regular updates for both the indices.
Nifty Futures Levels 18th May 2023Data suggests a Sideways Market for 18th. So would be looking to short incase I find a rejection with confirmation at any of the resistance levels shown. The opening of the trade would suggest the course of action. 18100 is a strong support and a break of that may give a good downward movement. Need to keep a watch on any addition in put or call writing during the course of the day. Accordingly one can make a strategy to play out this expiry.
Analyzing Nifty May Future Contract Expiry.As the Nifty May Future contract approaches its expiry date, traders and investors eagerly analyze various indicators to gain insights into potential market movements. In this article, we'll delve into the analysis of the Nifty May Future contract using two critical levels calculated by MRISKA DTS5: the Death Level and the Safe Level. These levels provide valuable information that can help traders make informed decisions and navigate the derivatives market with confidence.
The Death Level, calculated by MRISKA DTS5, plays a crucial role in determining potential breakdowns in the market. It takes into account market depth data of the next future contract on the day of expiry of the current contract. For the Nifty May Future contract, the Death Level has been calculated as 17922. When the Best Ask falls below the Death Level in any upcoming trading session's last tick, it signals a significant probability of a breakdown and potential expiry below the Death Level. Traders need to closely monitor this level to gauge potential bearish trends and adjust their strategies accordingly.
Alongside the Death Level, MRISKA DTS5 also calculates the Safe Level, which assists in identifying potential breakouts in the market. The Safe Level is determined using market depth data for the next future contract on the day of the expiry of the current contract. When the Best Bid surpasses the Safe Level in the last tick of a session, it indicates a high probability of a breakout and potential expiry above the Safe Level. Traders can leverage this level to identify bullish trends and capitalize on potential market upswings.
Based on the MRISKA DTS5 analysis for the Nifty May Future contract, several key observations have been made. The Death Level for the contract has been calculated as 17922, indicating a critical level to watch for potential breakdowns. Additionally, the Safe Level, calculated using market depth data of 27-04-2023, was found to be 18232.35. On the 04-05-2023 session, the Best Bid surpassed the Safe Level, further supporting a bullish outlook till the contract's expiry in May. This information can provide traders with valuable insights into potential market movements, allowing them to align their strategies accordingly.
Pre-market Analysis Nifty Bank Nifty 18 May 2023Market Recap
Nifty declined 0.57% to close at 18181.75
Bank Nifty declined 0.47% to close at 43698.70
India VIX declined 1.41% to close at 13.10
Pre-market Analysis Nifty Bank Nifty 17 May 2023Market Recap:
Nifty declined 0.61% to close at 18286.50
Bank Nifty declined 0.38% to close at 43903.70
India VIX advanced 0.91% to close at 13.29
Nifty Future Levels 17th May 2023Clearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how Nifty futures performs.
best of learning.
Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
Pre-market Analysis Nifty Bank Nifty 16 May 2023Market Recap
Nifty advanced 0.46% to close at 18,398.85
Bank Nifty advanced 0.64% to close at 44,072.10
India VIX advanced 2.49% to close at 13.17
Nifty Futures Levels 16.05.23Clearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how bank Nifty futures performs.
best of learning.
Check on previous charts of Bank Nifty futures and Nifty futures to understand and follow the accuracy of levels vis a vis the place of opening
Nifty Future Levels 15.05.23Clearly marked levels. For those who understand the importance of the opening and the type of day which can follow watch out for opening within the range, below the blue line but within range/outside range, within the three lines, blue, green and red and of course above the red line but within the range/ outside the range.
Study the chart , the supports and resistance and how Nifty futures performs.
best of learning.
Pre-market Analysis Nifty Bank Nifty 15 May 2023Market Recap
Nifty advanced 0.10% to close at 18,314.80
Bank Nifty advanced 0.73% to close at 43,793.55
India VIX declined 2.74% to close at 12.85
NIFTY major zonesmajor supply and demand levels.... trade plan for next week trade asper ur analysis
Pre-market Analysis Nifty Bank Nifty 12 May 2023Market Recap
Nifty declined 0.10% to close at 18297.00
Bank Nifty advanced 0.33% to close at 43475.30
India VIX advanced 1.01% to close at 13.22
Nifty Levels for 12th May 2023nifty future levels have been marked. Depending upon the price opening , the course of action is decided . This is very important to determine the type of day that can develop. The levels marked in red, green and blue are the various points which we can consider as High,poc and Low respectively . One can see the chart in lower time frame of 5 mins and 3 mins to take some intraday trades.
Previously marked levels have been met with a good amount of accuracy.
Will keep updating in live market
Nifty Levels for 11th May 2023nifty future levels for this expiry have been marked. Depending upon the price opening , the course of action is decided . This is very important to determine the type of day that can develop. The levels marked in red, green and blue are the various points which we can consider as High, poc and Low respectively . One can see the chart in lower time frame of 5 mins and 3 mins to take some intraday trades. A gap up needs to sustain and spend time whereas a gap down will show some bearishness. We are still in the range of 5th May daily candle and any move on either side should be good. Watch out for 18284 -90 levels for an intraday support
