nifty_futures_options

nifty_futures_options Updated 

I've marked 3 Zones in the chart. Now, Nifty can close in any of the 3 zones, and one way to know where the index might close is the following: Keep an eye on where the 2 Hour Candles close. First candle closes at 11:15 AM, and 2nd by 1:15 PM. If any of the 2 candles close in the Green / Red Zone, it means Nifty will end the day in that Zone. Otherwise,...

nifty_futures_options Updated 

Nifty Opened Exactly where it closed 2 Weeks back - 17094.35 My short-term bias -- Nifty will trend up first comfortably, at least till 17320 levels, and if 17320 resistance is broken, you can see nifty headed to 17500. Downside targets are marked as well in case the index falls below week's opening level. Good luck everyone. Will keep updating my views...

nifty_futures_options Updated 

sometimes it rewards when you take contrarian bets.. Tuesday decides whether nifty will break down or rise up further Idea Invalidated if Nifty doesn't go above 17777 level on Tuesday ETA by month end, means 800-1000 points move in 12 Trading days, looks ambitious. But it happened in the past, so can happen now..

nifty_futures_options Updated 

Folks @nse may call it a glitch. But let's all acknowledge the possibility that the 'Himalayan Yogi' may be still active. Let me remind you, this is not the first instance this year we're seeing these so called 'glitches' NSE used to switch off updating option chain on it's website or give wrong Open interest values..that too particularly on days with pretty...

nifty_futures_options

You can notice that the thick blue line highlighted, is supporting Nifty for now. Nifty should close below this line, for further fall. Also, keep the black line as resistance for now. Nifty will definitely be seeing 15900 pretty soon . But the question is Will it get worse - as in Nifty opens gap down, and continues to fall further or Will it get...

nifty_futures_options Updated 

Before we start, do you notice any news outlet talking about COVID recently ?? :) Back to the idea now. Tomorrow's expiry, so expect some volatility. Lots of options will go worthless as usual.. The chart set up is exactly same as my previous post. The Black Line - Why it's interesting ? Support line for 2022 - This trading year, Nifty closed above this line...

nifty_futures_options Updated 

2 Things happened this week 1. The Support zone 16927 - 16985 is broken finally. This is the 8th Attempt in a Weekly Time Frame. So, it might act as a strong resistance in some near or distant future. 2 The black line, I highlighted earlier in one of my previous posts. Nifty always closed above this line in 2022, and closed below it yesterday. We'll have to see ...

nifty_futures_options

Nifty's attempting to break 16985 support level for the 7th time this week. Use the chart in this post, and my previous post as a guide. Long: Buy above 16985. Target 17230-17250, 17299. Keep a SL as per your risk appetite. Short: Sell Nifty below 16985. Targets - 16930, 16880, 16835. And keep a strict stop loss at 16985. Tomorrow is Wednesday (day before...

nifty_futures_options

Have been using the same Chart setup for a few days now, and feel it's still relevant now. Upside Moves: Go long above the upper Red line. Keep the Red line as SL. Downside Moves: Short Nifty below the lower Red line. Keep the Red line as SL. Today we ended in this zone. The range between the red lines, you can play both sides. Good Luck and STay...

nifty_futures_options Updated 

Crazy rebound from Nifty Guys. So, Nifty rebounded from the Black line - this line acted as a Resistance last year, and this year so far, it acted as a support. There've been 6 attempts to break 16900-16930 level on a Weekly Time Frame. 6th attempt this week (let's see what happens by Friday). I'm wary to confirm if Nifty is in Buy zone yet. Only reason being...

nifty_futures_options Updated 

I believe the Nifty's fall today is due to the Ukraine Crisis, as similar fall in indexes is observed in various markets across the world. Or we have any domestic news like inflation or the 5 state elections? So, where will Nifty head from here? Downside View: 1. Nifty Falls below 16925 This level worked as a very good support for the past few weeks. So...

nifty_futures_options Updated 

In continuation of previous post where we asked the same question..and you can notice Friday's close 17374 is kind of midway between these levels (just trivia..nothing significant) Last Week we didn't see either of the levels 16930, 17800 and Nifty moved in 17050-17600 range. It's possible Nifty might see one of the levels in the coming week. For now, the chart...

nifty_futures_options Updated 

Which one of these 2 levels will we see first, 16930 or 17800? I say the Dark red line holds the key. And going by that I think we'll see 16930 first, and I hope we can agree to disagree. Upside: Go long above this line, and keep the line as Stop Loss. Just note 17670 is a strong resistance level. Downside: Go short below this line, and keep the line as a stop...

nifty_futures_options Updated 

As suggested in yesterday's post, Nifty has fallen towards 17000 levels. For now i'm expecting 17050 to act like a good support. First it should breach 17000 levels, where we may witness some drama, so, book partial profits here. If 17000 support gets broken easily, then next target is 16930. Nifty will try test 16930 support levels, which have been acting as a...

nifty_futures_options Updated 

Nifty will correct from here. This was suggested in previous post on Friday. Sell on Rise. Targets 17250, 17200, 16800, 16500. Sell on rise, and keep trailing stop loss, and book partial profits whenever it goes in your direction. This is Invalidated when Nifty closes the day above 17670. You can happily initiate shorts whenever Nifty rises. Good Luck and...

nifty_futures_options Updated 

17667 - This is the key level to watch. I said Friday's movement in Nifty is going to be critical since it could potentially tell us if the index going into a correction or if it'll advance towards 18000 level. Downside A close below17667 on Friday simply means Nifty's headed back to 16930 levels, and if that support is shattered, then 16500 and...

nifty_futures_options Updated 

I'm expecting a sharp drop today. Around 200 + points from current levels. Key level is 17670, and it needs to be broken. Reasons: a. PCR < 1. Nifty has been moving up for past few days, and if it's a strong move so far, they should have sold PUTs aggressively. That didn't happen. b. Tomorrow's expiry. And one way the Sellers decay time value is via a sharp move....

nifty_futures_options

As expected, they're saying 'markets cheered the budget' :) so..will the cheering continue or is it one time event? It all depends on which of the following levels are broken Upside Scenario Nifty breaks 17670. We can see Nifty inching towards 18000 and if that's broken, we'll see another All Time High. Downside If Nifty breaks 17245-17250. We can see...