Chethan333

Chethan333

Bank nifty closed at 48200 .Due to Parliment elections ,market is so volatile but not going anywhere. for next two days 48500 and 48000 are crucial levels .only we can expect 400 points rally after breaking 48500 or below 48000. so short strangle is the best option of 48500 call and 48000 put .

Chethan333

Last month nifty moved all over the places from 21900 to 22500 and finally closed at 21300. April and may is a election season. Market may react for the news ,immediate ups and downs. according to technical nifty looks positive and for the upside target 22500 and 22839 according to the fib retracement.22500 already tested 2 times....

Chethan333

Nifty is created the 21500 base again and moved 400 points. The next target will be 21800 &21933 and 21600 will be act as a major support. Market is bearish only if it closes below 21200.untill market is bullish to range bound

Chethan333

Lat week nifty was came to selling pressure. But it didn't close below 21500. for next week market may be in the similar range of 21338 to 22100. But 21500 is acting as major support.

Chethan333

Market always goes by staircase and comes by lift. This is what experienced yesterday. in the last 2200 points up move in the nifty, it never moved 500 points in one day but while falling it can.so be cautious about both the sides. The yesterday fall is because of banking mania and HDFC bank. for tomorrow nifty may take support at 21455.may it fall further...

Chethan333

Nifty made again all time high if 22125 and closed at 22032. there is huge addition of call open interest of 22000,22050,22100 &22200 call side. so we can expect this week expiry is probably below 22150 only. But 22000 put holds the more open interest than call of 22000 strike price. we can expect some range bound market for tomorrow also.

Chethan333

Ultra bullish market and our 22027 target is acheived. its not time to predict anything in the market. upside next target will be 22388.its quite away. for now base will be 22000 if it breaks 21800 and 21700 acts as a major support zones for 16th jan expect market should be 22000 to 22100

Chethan333

What a market??? IT rocks the indian stock market on monday. after a week consolidation nifty breaks 21835 and reach 91933 also. the next targets will be 22027 & 21385. on the downside 21700 acts as a major support.

Chethan333

Market going all over the places in the same range only. S/R levels : Support :21588&21500. if closes below 21500 then expect a fall of 200 to 300 points. Resistance: 21700 12745 &21800 21700 is acting as the major resistance.

Chethan333

Again 21500 acted as complete support. without closing below nifty don't fall further. upper side 21700 acting as the major resistance. expiry will in the range of 21500 to 21700. range is 200 points because of huge volatility

Chethan333

from one week nifty range is 21500 to 21800. market is consolidating in therange . expecting the directional move only if it breaks either the side. but 21500 is also a great support and 21700 and 21800 is a major resistance. plan the trade carefully beacuse ,expect directional movement specially on the downside

Chethan333

Market opened gap up of 30 points and from the top it started falling.200 points fall and banknifty supported nifty to fall. for tomorrow even nifty fell 200 points the 21500 put writers are increasing and 21600 call strike added too much. expect some range bound between 21500 to 21650. further fall expect 21500 below and the next support level is 21335

Chethan333

On weekly candle nifty made bullish doji candle and it is in the top. Nifty ATH is 21833. only above the next target is 21923 and 22049. on the downside 21588 ,21500 is the good support zones.we can expect further downside onky nifty closes below 21500 strategy for this week sell 22000 above calls sell 21000 below puts

Chethan333

Nifty bounce back again and exactly touched the previous resistance level of 21700. Nifty is in the range of 21500 to 21800 with huge volatility. for tomorrow nifty can gp for long only if it cross above 21710 below this it will in the of 21600 to 21700.

Chethan333

Nifty hit the second target of 21500 . Nifty already fell 300 points in 3 days.21500 is very good support and there is huge addition in the 21600 call option. for expiry market will be in the range of 21500 to 21600. If nifty breaks 21500 the further fall we can expect.

Chethan333

Wish you a very happy new year to everyone. May this years brings all your dreams comes true. In 2023 Indian Stock market moved like a rocket and no doubt its an exceptional market. 2023 Dec itself nifty moved 9% and YTD 19% and Year 21% . This shows the optimistic in the Indian stock market. coming to the short term trend ,Market looks ultra bullish but Market...

Chethan333

Banknifty was hugely volatile last week and finally closed in the range of 43466 to 43888. BNf will be directional only if it closes above 44055 or closes below 43288. for next week resistance levels :: 43888,44055,44215 &44398 Support levels :: 43555, 43466 &43288

Chethan333

Fin nifty is on range of 19500 to 19700 from past so many days. we can expect the directional movement only if it breaks either of the levels. for monthly expiry market can be hugely volatile . the range will be resistance :: 19688,19722 &19755 support :: 19601,19555 19500