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BANKNIFTY Channel pattern analysis ❗ 🛑 Banknifty forming Ascending parallel channel pattern in Day frame chart ...... 🛑 Usually it forms during uptrend markets 🛑To formation of ascending channel an underlying security / stock must forms an Higher highs and lower lows 🛑 As we can see banknifty forming Higher highs and Higher lows 🛑 When we connected those higher highs and Higher lows we get an ascending channel 🛑What is higher high ❓ Well, When an stock making new high than previous high is called higher high For example , let's take an X company is trading at 11 Rs on 28th sep and Today X company Trading at 15 Rs this is called X company making Higher high 🛑What is Higher low ❓ Well, When an stock get huge short and making low that Low price is not less than previous low. In other words current low of an X company is high when compared to previous low For example, let's take an X company which is trading at 9 Rs on 27th sep and made an high of 15 Rs yesterday today shorter's entered market they short X company's share now it is trading at 13 Rs Means 13Rs low is higher than 9Rs low this is called Higher low 🛑What does Ascending parallel channel actually represents ❓ Well, when an stock or an index makes an new high and its short term correction is higher low ( means it does not go below the previous low ) In other words when buyers were aggressive take the market upwards making new high and they doesn't let market go below the previous low which means they were in the control and they were not letting sellers to control the market 🛑 Banknifty now may take support from 37250-37200 levels and it may be bounce back from the Trend line support 🛑If banknifty breakdown the Trend line support then we can expect Sideways market for some couple of days I hope that it will help a lot If like it do follow for more Have a nice day 😊
NSE:BANKNIFTY
by agasthya_d
BANKNIFTY Shorting strikes ❗❗Hi traders 😊................... 🛑 Shorting strikes purely based on India vix volatility index 🛑 India vix volatility index short strangle strike's 🛑India Vix closed at 18.4 . which means premiums were high on both the sides of options . India vix measures the expected volatility for next one year. means Nifty can go up by +18.4% towards upside from today's close to next one year and other chance -18.4% can go down by next one year 🛑 If we calculate India vix for day volatility or expected swing in both side for next day the we will get ◽ Here banknifty can go upto max +360 points from previous close 37425 means it may can swing up to hardly 37800(not exactly add previous close ie .374253+ expected movement points ie . 360) ◽ Or can go down by -360 points from previous close 37425 and it may be swing down to 37000 ( Caution it doesn't include any sentiment ie . Global or economical or news ) ◽ Indian Vix volatility index works best in range bound market and helps option sellers ◽ Now clearly we get one strike from to short ie .37800 on CALL side ◽ Another one in downside we get one strike ie . 37000 on PUT side ◽we can clearly observe that market maybe trade between this range so I will going to do this Short strangle means selling OTM strikes of PE And CE ◽ short CALL ➡️ Sell 37800 CE with stop loss of 37800 (simply exist from position CE after breakout of 37800 ) ◽ Short PUT ➡️ Sell 37000 PE with the Stoploss of 37300 (or in other words : exist from PUT position if breakdown of 37300 which crucial support zone ) ➡️ If sold both strikes (or if you do short strangle) Key important you must have to follow ◽ Exist from one position if breakdown/breakout happens and keep it another side or another position until reach the target ◽ If breakout happens at (37800)exist from Position of CE or buy back CE or close CE selling position Then keep short side PE to reach Target of 37950 ◽ If breakdown happens (at 37300 ) then exist from Position PE or buyback PE or Close Position PE Then keep it selling CALL (CE) until reach Target level 37000 🛑 You can also short only side either CALL or P PUT and follow respective Stoploss points (Personally I will recommend Sell CALL or CE becaut fear market is higher ) 🛑 Make sure your capital is 1.6 L rupees to execute this strategy 🛑Any doubts regarding on this comment below I will definitely help you guy's And if I'm wrong please let me know in comment section I will definitely correct my mistake ◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence ◽have nice day 😊
NSE:BANKNIFTYShort
by agasthya_d
NIFTY 50 crucial zone for day trade ❗❗Hii Traders 😊 Welcome to NIFTY 50 Futures and options analysis for intraday trading ...... 🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels 🛑 Currently it is trading above all moving averages 21 Day ,50 Day, 100 Day 🛑It taken the support at 17600 I'm repeatedly saying that it is good support zone it taken support from here for the 3rd trading session and if it breakdown this level I'm sure Market will get short term correction 🛑Don't take position or don't go long on any stocks right now or stay light reduce your quantity and move from quantity to quality stocks 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17780-17740 where at this point nifty tried to breakout this level ◽ If market breakout resistance zone then we can see Target of 17860 as first target ◽ Stop loss for this level is 17700 ◽markett will shown some weakness if it traded below 17700 on intraday basis 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17600-17560 I'm repeatedly saying that this will be crucial support zone today also taken support from this level and bounce backed ◽ If breakdown happens we can see the 1st Target of 17430 ◽2nd target will be 17320 ◽ stop loss ie .17640 If market traded below this level I'm sure market will be weak on intraday basis ◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout the resistance 17710-17750 stay light with quantity ◽personal recommend Don't go long until breakout of 18000 ◽ Don't short the market until below the 17600-17570 ◽In between range is indecisive don't go long or short anything can happen 🛑 Tradeshots ◽ Resistance level for CE buyers /option buyers is at 17740-17780 ◽ support zone to buy PUT / PE is at 17600-17570 ◽ Nifty will be weaker on intraday basis below the 17700 (Yesterday also I told that market will be weaker below these levels and we can see that today piovot point control region as formed at 17700) Thanks for reading, If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:NIFTY
by agasthya_d
BANKNIFTY Shorting strikes for expirey Hi traders 😊 🛑 Banknifty short strangle strikes 🛑 Shorting strikes purely based on India vix volatility index 🛑India Vix closed at 18.84 with gaining of nearly 1.62% over the one day which means premiums were high on both the sides of options . India vix measures the expected volatility for next one year means Nifty can go up by +18.81% towards upside from today's close to next one year and other chance -18.81% can go down by next one year 🛑 If we calculate India vix for day volatility or expected swing in both side for next day the we will get ◽ Here banknifty can go upto max +375 points from previous close 37743 means it may can swing up to hardly 38200 ( not exactly add previous close ie.37743 + expected movement points ie. 375 ) ◽ Or can go down by -370 points from previous close 37743 and it may be swing down to 37300 ( Caution it doesn't include any sentiment ie . Global or economical or news ) ◽ Indian Vix volatility works best in range bound market and helps option sellers ◽ Now clearly we get one strike from to short ie .38200 in CALL side ◽ Another one in downside we get one strike ie . 37300 PUT side ◽we can clearly observe that market maybe trade between this range so I will going to do this Short strangle means selling OTM strikes of PE And CE ◽ short CALL ➡️ Sell 38200 CE with stop loss of 38150 (simply exist from position after breakout of 38150 with is crucial resistance level I have discussed above it you can checkout by visiting mine profile) ◽ Short PUT ➡️ Sell 37300 PE with Stoploss of 37300 (or in other words : exist from PUT position if breakdown of 37300 which crucial support zone and it is pivot point control region. I have discussed above it clearly u can visit mine profile and Checkout) ➡️ If sold both strikes (or if do short strangle) Key important you must have to follow ◽ Exist from one position if breakdown/breakout happens and keep it another side for until reach the target level ( if want to know Target level set visit mine profile and watchout BANKNIFTY analysis for expirey day I have clearly mentioned Target levels) ◽ If breakout happens at (38150)exist from Position of CE or buy back CE or close CE selling position Then keep short side PE to reach Target of 38300 (I clearly explained about it visit mine profile) ◽ If breakdown happens (at 37300 ) then exist from Position PE or buyback PE or Close Position PE Then keep it selling CALL (CE) until reach Target level 37000 🛑You can also short only side either CALL or PE and follow respective Stoploss points (Personally I will recommend Sell CALL or CE becaut fear market is higher ) 🛑Make sure your capital is 1.6 L rupees to execute this strategy 🛑Any doubts regarding on this comment below I will definitely help you guy's And if I'm wrong please let me know in comment section I will definitely correct my mistake ◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence ◽have nice day 😊
NSE:BANKNIFTY
by agasthya_d
1
NIFTY 50 levels for monthly expirey ❗Hii Traders 😊 Welcome to NIFTY 50 Futures and options analysis for intraday trading ...... 🛑 Nifty will be stronger above 18000 zone which crucial resistance zone if failed to close above that zone then we can see some correction in market it may can test the 17000 levels 🛑 Currently it is trading above all moving averages 21 Day ,50 Day, 100 Day 🛑It taken the support at 17600 I'm repeatedly saying that it is good support zone it taken support and if it breakdown this level I'm sure Market will get short term correction 🛑 Don't take position or don't go long on any stocks right now or stay light reduce your quantity and move from quantity to quality stocks 🎯 Key levels to watch out intraday levels for day trader 🛑 Major resistance zone for Nifty is at 17770-17800 where at this point nifty tried to breakout this level ◽ If market breakout resistance zone then we can see Target of 19000 as first target ◽2nd target will be 18000 ◽ Stop loss for this level is 17710 ◽markett will shown some weakness if it traded below 17700 on intraday basis 🛑 Major support level for Nifty 50 ◽ Support level for nifty lies at 17600-17560 I'm repeatedly saying that this will be crucial support zone today also taken support from this level and bounce backed ◽ If breakdown happens we can see the 1a st Target of 17430 ◽2nd target will be 17320 ◽ stop loss ie .17660 If market traded below this level I'm sure market will be weak on intraday basis ◽ For nifty their strong support at 17560-17600 if this zone is breakdown then we will enter into range bound market or short term correction ( consolidation) period for some days 🛑 levels for Nifty Futures will be as follows ◽ Go long on nifty Futures if it breakout the resistance 17760-17800 stay light with quantity ◽personal recommend Don't go long until breakout of 18000 ◽ Don't short the market until below the 17600-17580 ◽In between range is indecisive don't go long or short anything can happen 🛑 Tradeshots ◽ Resistance level for CE buyers /option buyers is at 17760-17800 ◽ support zone to buy PUT / PE is at 17600-17560 ◽ Nifty will be weaker on intraday basis below the 17700 Thanks for reading 😊 I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:NIFTY
by agasthya_d
1
BANKNIFTY levels for 29th Wednesday ❗❗Hii Traders 😊 Welcome to BANKNIFTY Futures and options analysis for 29th Wednesday 🛑 if we see day frame chart of BANKNIFTY we can clearly observe that today's candel which is covered nearly last 3 trading session 🛑 Their was huge selling pressure but buyers were try to pull the things back 🛑 If we see the Day volatility is about 1.3% means which is high and not tradable or suitable volatility for retail traders and fluctuated points is about 1062 🎯 Key levels to watch out for day trader 🛑 Major resistance zone for BankNifty is at 38350-38400 where at this point BankNifty tried to breakout level and ◽ If market breakout resistance then we can see Target of 38550 ◽ If banknifty traded above these levels I'm sure that more shorts were get covered in 37500 CE and 37600 CE strikes ◽ Whenever until breakout that resistance level don't trade ◽ Above 38150 will be momenum for buyers to control the market until then market will be weaker ◽ Stop loss will be 38150 if market traded below this level then banknifty will be weaker and might be fear can continue 🛑 Major support level for BankNifty ◽ Support level for nifty lies at 37300-37250 ◽ Whenever until breakdown this level don't trade ◽Below the 37600 market will be weaker but it is indecisive ◽ if Market successfully breakdown this level then we can take a trade ◽ And we can see the Target 1 will be 37000 ◽Target 2 will be 36850 ◽ STOP loss will be 37400 where it acting as strong support and resistance ◽Use Target 1 as trailing Stoploss to achieve 2nd target I sure you will not gone loose money for market 🛑 levels for banknifty futures will be also same ◽Go long on banknifty Futures if it breakout the resistance ◽ Don't short the market until below the 37600 ◽Go short below the support level 37300 🛑 TRADESHOTS ◽ Resistance level for CE buyers /option buyers is at 38350-38400 ◽ support zone to buy PUT / PE is at 37300-37250 ◽ BankNifty will be weaker on intraday basis below the 37600 Thanks for reading 😊 I hope that it will help a lot and if I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:BANKNIFTY
by agasthya_d
2
BANKNIFTY strikes to sell based on India vix❗ ❗ Hi traders 😊 🛑 Banknifty short strangle strikes 🛑 Selling strikes purely based on India vix volatility index 🛑India Vix closed at 18. 54 with gaining of nearly 2.71% over the one day which means premiums were high on both the sides of options which is help for option sellers if market stays between this range as follows 🛑If we calculate India vix for day volatility or expected swing in both side for next day the we will get ◽ Here banknifty can go upto max +370 points from previous close 37945 means it may can swing up to hardly 38315 we can see in option chain their is more shorts position were holding by institutional traders ◽ Or can go down by -370 points from previous close 37945 and it may be swing down to 37575 ( Caution it doesn't include any sentiment ie . Global or economical or news ) ◽ Indian Vix volatility works best in range bound market and helps option sellers ◽ Now clearly we get one strike from to short ie .38300 in CALL side ◽ Another one in downside we get one strike ie . 37500 PUT side ◽we can clearly observe that market maybe trade between this range so I will going to do this Short strangle means selling OTM strikes of PE And CE ◽ short CALL ➡️ Sell 38300 CE with stop loss of 38150 (simply exist from position after breakout of 38150 with is crucial resistance level I have discussed above it you can checkout by visiting mine profile) ◽ Short PUT ➡️ Sell 37500 PE with Stoploss of 37600 (or in other words : exist from PUT position if breakdown of 37600 which crucial support zone and it is pivot point control region. I have discussed above it clearly u can visit mine profile and Checkout) ➡️ If sold both strikes (or if do short strangle) Key important you must have to follow ◽ Exist from one position if breakdown/breakout happens and keep it another side for until reach the target level ( if want to know Target level set visit mine profile and watchout BANKNIFTY analysis for expirey day I have clearly mentioned Target levels) ◽ If breakout happens at (38150)exist from Position of CE or buy back CE or close CE selling position Then keep short side PE to reach Target of 38500 (I clearly explained about it visit mine profile) ◽ If breakdown happens (at 37600 ) then exist from Position PE or buyback PE or Close Position PE Then keep it selling CALL (CE) until reach Target level 37300 🛑You can also short only side either CALL or PE and follow respective Stoploss points (Personally I will recommend Sell CALL or CE becaut fear market is higher ) 🛑Make sure your capital is 1.6 L rupees to execute this strategy 🛑Any doubts regarding on this comment below I will definitely help you guy's And if I'm wrong please let me know in comment section I will definitely correct my mistake ◽ Thanks for reading and do like it and follow for more and give reputation it will boost mine confidence ◽have nice day 😊
NSE:BANKNIFTYShort
by agasthya_d
1
Trend meets its trend lineprice was doing great but since it made double top it was in a bearish trend. this bearish trend meets its support near lower trend line. than it got coronavirus reset since than it is in bullish trend this trend reversal started near white lower trend line has reached upper white trend line. what next for price from here ? it has made its 50% retracement of bear market price is testing upper trend line which has made fake breakout near blue arrow inside yellow ellipse than breakout than retracement back to trend line before making double top. which increase the importance of this upper white trend line bulls buying at the bottom taking profit at 50% and upper trend line price at the upper trend line of blue channel bullish breakout or retracement from here
NSE:TATAMOTORS
by Sangam-Agarwal
1
BANKNIFTY analysis for intradayHii Traders 😊 Welcome to BANKNIFTY chart analysis for 24th Sep 🔺 🛑 Caution ◽ I don't give much preference to technical indicators those were lagging indicators and I don't believe anyone of them . And use just for confirmation purpose and i trade only basis of levels that is Resistance and support levels and through market profile ( and I don't use market profile for execution of trade) if you are technical indicator trader you don't need to read further 😊 Show me that successful profitable trader who traded based on only technical indicators 🛑 Today Bulls were took the market in control and lead to towards all time high and closed with gaining of 790+ points 🛑 What's the major reason to this bull ❓ Well, U.S. Fed Holds Interest Rates Stable, Hints Tapering May Start Soon ( means Currently there's no changes in interest rate) The U.S. Fed keeps interest rates steady for now but indicated that rate hikes might happen sooner than expected. More members now see the first interest rate hike occurring in 2022 if progress continues as expected This is the reason beyond Market Run Fed now keep interest rate steady and it rise the rate sooner than expected ◽ What will happen if rise in interest rate ❓ ( As I know if I'm wrong kindly correct me) if increase in interest rate then money follow will get reduced and as money follow decreases consumer products price decreases and it maintains inflation rate . Interest will hike only when rise in inflation or expected to be rise inflation so Thier by they can control money follow How money follow will increase inflation ❓ Well, Just imagine interest what we paid for credit card decreases and we will take benefit from that as much as possible and we are spending more money than usuall and we are paying more money for Products and goods it will increase in the inflation rate ( which means our country currency value decreases let take one example just assume that you bought an shoe at 100 Rupees (in Indian currency ) yesterday and same company same shoe will cost 102 rupees today which means inflation reduce currency value by 2 Rs ) I hope that u get it if I'm wrong kindly let me know comment section 😊 ◽ Change interest rate means inflation is increasing so they were try to manage inflation rate by increasing in interest rate which will keep money follow under control ( if interest rate for credit cards increasing would like to spend more money ? So like this they control money follow ) 🛑 Now let move on to analyse the market levels for 24 th SEP and I have given market levels were worked as I told that (you check in profile if whether I'm wrong or right) 🎯 Key levels to watch out for day trader ( support and resistance zone for only for intraday traders and intraday purpose ) 🛑 Major resistance zone for BankNifty is at 37800-37850 where at this point BankNifty tried to breakout level in other words it is the level acting as supply zone where shorter's get active and shorting the market ◽ If market breakout resistance zone ie. 37800-37850 then we can see Target of 38000 🎯 You can ask me ◽ How can you tell 38000 will be the 1stTarget ❓ Well, If I'm can't see perfect Target level in chart then I will going to see option chain for Target setting ( I will look at that strike where more sellers are shorted and position holding I will choose that one as mine target because shorters were like institutional traders who have more money they will short the market they were more shorting at one particular OTM strike then they were expecting that market will can trade until that point but it will not breakout that in other words we can take that strike as resistance also here we already know resistance I'm setting target or I'm looking to where I have exit like this option chain will help me ) ◽ Stop loss for this level is 37730 here market get bounce back from this level and if look at past 4th trading session where market get support at this point by pivot point control region if it breakdown this level Banknifty will be weaker so I'm setting mine stoploss here ◽Banknifty can shown some more weakness if traded below 37250 ◽ if huge gap up happens the don't take a trade let the market correct because market Dont like gaps whether it may be huge gap up or gap down so let market get correct for some time then take the trade if breakout the mentioned level or it can bounce from their ( After bounce let wait to candel close above the resistance level then take a trade don't forget About stoploss ) 🛑 Major support level for BankNifty ◽ Support level for nifty lies at 37000-36950 this the region of yesterday's value area means major valume is lies their so it acting as support zone or also called demand zone where buyers get active and drove the market upside ◽ Also this level can called as virgin CPR support area means It pivot point region based on yesterday value area where in active trading session market doesn't touch the that level (those levels or pivot control point are called virgin CPR ) ◽ Market successfully breakdown this level then we can take a trade with stop loss level ie.37250 ( opening level for the previous day if nifty started trading above this level we can say nifty will be strong and can drive the price upside so this crucial STOP LOSS level ) ◽ If breakdown happens we will achieve the Target of 36600 🎯 🛑 Key levels to watch out for nifty futures ➡️ Resistance zone is at 37950-38000 if it breakout this level with simultaneously breakout have to happen in Banknifty spot market also then go long on bank nifty futures ◽Target 1 will be 38200 ◽ Stoploss is 37900 ➡️ Support zone is at 37500-37450 If it breakdown this level we can short the market ◽ target will be 37250 ◽ Stoploss is at 37600 🛑 Summary ◽ Resistance level for CE buyers /option buyers is at 37800-37850 ◽ support zone to buy PUT / PE is at 37000-36950 ◽ Nifty will be weaker on intraday basis below the 37250 Thanks for reading 😊 I hope that it will help a lot and I'm wrong kindly comment mine mistake surely I will correct it If you like it do follow for more and give reputation which will boost mine confidence to do more. have a nice day 😊
NSE:BANKNIFTY
by agasthya_d