NIFTY 50 levels for expirey day Hi traders 😊
I have that you doing well
🛑 I was analysed NIFTY 50 levels for intraday trading for 22nd SEP and market stayed in between that range only and it is indecisive region for option buyers and option sellers get benefited from that ( If want to check whether right or wrong go and scroll down mine profile u will get to know I'm right or worng ) okay move on ..
🛑 If We watch market through daily frame it's formed an indecisive candel
🛑 If get into 15 mins time frame chart we can clearly see that it's trying to breakout resistance level of 17600-17650 region (this what I'm told in pre market analysis for 22nd SEP )
🛑 Intraday volatility is very low in nifty ie. About only 0.4% which means it helped lot to option sellers ( if want know in detail about check out mine last post I clearly explained in it )
🎯 Key levels to watch out for 23rd SEP ie. Weekly expirey
🛑 Crucial resistance zone for nifty is 17610-17630 zone
◽If it is breakout successfully then initiate trade (BUY CE) with stoploss of 17530
◽ Target 1 ie. 17730
🛑 crucial support zone for Nifty is at 17470-17450
◽If it it breakdown successfully then initiate trade (BUY PE) with stoploss 17530
◽Target 1 ie. 17300
Summary
➡️ Resistance zone BUY CE Only above 17610-17640
➡️ Support zone BUY PE only below 17470-17450
➡️Nifty Will be weaker in between 17530-17470 levels
🛑Give rating for mine analysis and it motivates me to do more better
Thanks for reading I hope that it will help a lot
If there is any mistake please let me know I will correct it
And comment your views below
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Have a nice day 😊
Indianstockmarket
BANKNIFTY FUTURE'S for expirey day 🎯Hii traders😊
I hope that you are doing well
🛑 Yesterday i was analysed intraday market levels for 22nd SEP and market closed in between that range and that range is indecisive and we can't predict which direction market will move so that levels will always play crucial role in trading
( U can check those levels those were in mine profile)
🛑 If we see intraday volatility for banknifty Futures ie. About 0.6% means comparatively it low
◽ Intraday volatility low means what and whom will get benefits from it ❓
Well , answer is simple
Option sellers were get benefited from that and they love choppy market ( I have given short strangle strikes based on India vix u can checkout that they were made some good profits )
◽ How they will get benefited from that when market is stayed in between range ❓
Well , usually this question is running in everyone's mind
Answer is simple they get benefited from decay (Theat) as expirey day appear premium will decreases both CALL and PUT premium's
◽ This heards very profitable right ❓
No , u need high margin to sell Call and put means u need more margin (simply money 💰)
◽ Mainly their profit's is limited and Loss is infinity
🛑 Now you are think that option buying is less Risky ...
◽ Yes, option buying is less Risky when you initiate trade after exact breakout /breakdown of resistance /support level respectively
◽ If you initiate trade just only because you feel that market will go up then market will get reversed from that point maybe everyone one as feel this 😀 (if you feel this same then comment below )
◽ Then point is How to avoid this ❓
Well, I will give exact market levels for you guys
The resistance and support level for intraday for Banknifty futures
🛑 If we closely watch the market in 15 mins time frame.
◽Market failing to breakout the resistance level 37470-37500
◽And it is bounce back from its support level ie. 36900-36850 zone ( this what I given in premarket analysis u can checkout weather it is right or wrong )
🎯 Key levels to watch out for expirey Day 23rd SEP
🛑 Crucial resistance zone is at for BANKNIFTY futures ie. 37470-37550
◽If it successfully breakout this level we can initiate the trade
◽ Why should we have to initiate trade only after breakout ❓
Well , answer is simple when ever market trying to breakout that level sellers were getting active and shorting the market at that level and it is acting as supply zone
◽after the breakout of 37550 Target 1🎯 ie . 37800 and with stoploss of 37300
◽ If wanted to achieve 2nd target use Trailing stoploss as T1 ( if you use like this I'm sure you will never loose money to market)
◽2nd Target 🎯 ie. 38000 after breakout of 37800-37850 zone
🛑 Crucial support zone for banknifty futures is at 36900-36850
◽ If it successfully breakdown the level we can short the market from that level to 🎯 Target 1 ie. 36610 with The stop loss of 36950
Summary
➡️ BankNifty futures will be weaker below 37100
➡️More shorts will get covered if it's traded above 37300
➡️ Resistance zone 37450-37550
➡️ Support zone 37900-37850
Thanks for reading ,
If I'm wrong kindly let me know in comment section I will correct it and it helps me lot to increase mine knowledge
if you like it do follow and have a nice day 😊
NIFTY futures for expirey dayHii traders😊
I hope that you are doing well
🛑 Yesterday i was analysed intraday market levels for 22nd SEP and market closed in between that range and that range is indecisive and we can't predict which direction market will move so that levels will always play crucial role in trading
( U can check those levels those were in mine profile)
🛑 If we see In daily frame chart nifty forming an DOJI candle (which is telling that buyers were in control even though there was selling pressure )
🛑 If we closely watch the market in 15 mins time frame. Market failing to breakout the resistance level 17600-17630 ( this what I given in premarket analysis u can checkout weather it is right or wrong )
🎯 Key levels to watch out for expirey Day 23rd SEP
🛑 Crucial resistance zone is at 17620-17650
◽If it successfully breakout this level we can initiate the trade
◽ Why should we have to initiate trade only after breakout ❓
Well , answer is simple when ever market trying to breakout that level sellers were getting active and shorting the market at that level and it is acting as supply zone
◽after the breakout of 17650 Target 1🎯 ie . 17750
🛑 Crucial support zone for nifty futures is at 17440-17460
◽ If it successfully breakdown the level we can short the market from that level to 🎯 Target 1 ie. 17350-17330 with The stop loss of 17510-17525 level
◽ And u can use Trailing stoploss as T1 to achieve 🎯 Target 2 ie. 17260-17230 (major support level for nifty futures )
Summary
➡️ Nifty futures will be weaker between 17530 -17440
➡️ Tomorrow if nifty futures Traded above 17600 then shorter's will run for covering
➡️ Resistance zone 17620-17650
➡️ Support zone 17440-17460
Thanks for reading ,
If I'm wrong kindly let me know in comment section I will correct it and it helps me lot to increase mine knowledge
if you like it do follow and have a nice day 😊
BANKNIFTY analysis for option sellers
only for optionssellers
For those who are seeking for which strike I have to sell
I'm giving strike for selling both CE and PE (short strangle) purely based on India vix volatility index
Sell CALL option 37600 CE anywhere between 37100-37350 and exist from it if breakout 1st resistance level 37450-37500 level (stop loss strike for call selling)
Sell PUT option 36800 PE anywhere between 37100-37350 and exist from it (STOP LOSS) if it breakdown immediate support level 36900-36850 level
And caution SELL both PE and CE near expire that is 23rd sep expire because we can make profit through time decay and More importantly if it breakout/breakdown happens exist from only side and keep it otherside u will get more profit and if it stays between what I mentioned those levels then u will make great profit
I hope that it will helps a lot
If you like it do follow and have a nice day 😊
Banknifty chart analysis for intradayBanknifty forming long legged doji in daily frame chart (which means there's was high selling pressure but buyers were trying to control the Market)
Today banknifty broke the support level and maintained to close above that support level which good sign for tomorrow
Key levels to watch out 🎯
Buy CALL when breakout of 37425 -37450 level which crucial resistance zone
And buy PUT only when traded below 36500-36450 level which is very crucial support zone
There will be more volatility due global sentiment
If you like it do follow and have a good day 😊
Banknifty Futures analysisBanknifty Futures forming hammer with long wick rejection (it means buyers were In control even though selling pressure was there )
Important key levels to watch out for intraday 🎯
And Go long when breakout of level 37450-37500 with Stoploss of 37400 and Target 37800
And
short / write only when it crosses below the 36850-36800 and with stoploss of 36950 and with Target of 36600
Banknifty will weak when it traded below the 37050-37000 level But short only after main level breakout due global negative sentiment market will more volatile
If you like it do follow and have good day cheers
Nifty 50 chart analysis Nifty formed an green hammer
(Which is telling that there was selling pressure during the day ultimately a strong buying pressure drove the prices . This is what happened today)
And if we see the intraday volatility today is about 0.72% which is good volatility range
Positive sign :- closed above intraday pivot control point of 17500 level which is 1st resistance level for Nifty today
I give an caution for option sellers (u can see in mine profile)
ie. CALL shorts will get covered if breakout of 17500-17530 levels
If go and see the option chain data (Given link below ) u can more shorts get covered in between strikes of 17500 to 17800 .
Let's watch out intraday levels for Nifty for 22 SEP
🎯 Key levels
Buying CALL only above 17620-17650 level which very crucial resistance zone
And Buying PUT option only when traded below the 17330-17300 level which is very crucial support zone
And Nifty will become when it's Traded below the 17450 level which is control pivot point region and don't short market until breakdown down this level [ call writers] otherwise u will run for covering
Nifty 50 Futures chart analysis Nifty Futures formed bullish engulfing on daily frame chart
Nifty Futures closed above the intraday pivot point control region this positive sign for market ..
And as I told before that is if Nifty tradeed above 17500-17530 levels then more people will run for covering if you see the data about Futures more shorts get covered after breakout 17500 level which is crucial zone for Nifty Futures
🎯 Key levels to watch out for tomorrow
Uptrend only when Nifty breakout of crucial resistance zone of 17630-17650 (from this region Nifty Futures getting shorting means pull back from this level )
Downtrend when it breaks the crucial support zone ie 17340-17320 (market get bounce from this level acting as demand zone)
These are crucial zone for Nifty Futures for intraday
Don't short the market until breakdown of 17450 level then only write otherwise u will run for covering
Nift Chart analysisCan you guys see which patter Nifty is formed now .... If you see in 5 mins chart you can see clear picture of it .
Nifty as bounce back from support level of 17330-17300 it's support level of past 5th pivot point region which is imp support level and formed inverse head and shoulders with taking resistance of level 17430 lower end of today pivot point which acting as an strong resistance now and Take an trade BUY CALL Nifty when it breakout of resistance 17500-17510 with low quantity because there's more volatility in market ...
Drreddy - Elliott wave analysis - ABC zigzag in (B) wave bounceIt is in (B) wave correction as ABC, where A wave looks like forming impulse, so expecting one more high and then correction of B and one more leg higher as c of (B). Once it finished (B) again it will go down for (C) down in complex (W)(X)(Y) correction down.
Tatamotors - Elliott wave analysis - double top pattern It is in ABC correction after completed impulse cycle at 361 and now moving down in C wave. It is expected to bounce in 2nd of C wave up to 290-305 with invalidation level above 312 and then go down up to 250 or lower level to finish the ABC zigzag cycle.
ICICI BANK potential distribution phaseHey guys!
Today we are looking at the ICICI Bank chart.
Seems like the recent bull market move needs some rest for a while.
Although anything can happen, I am waiting for clear confirmations before executing a sell or a buy.
But mainly I would look for sell side trades.
The horizontal orange line shows the level, if broken, I would look to sell the share and go short, i.e bearish.
I might sell calls or buy put option or might sell the FUT or EQ segment. Will depend on the situation at that time.
Nothing mentioned above is an investment advice, kindly contact your financial advisor before taking any action.
We will not be responsible for any profit/loss
Good luck guys! <3
Bajajfinsv - Elliott wave analysis - Impulse 5th wave It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.