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Nifty-intraday

NIFTY LONG INTRADAY 12 MAY,2021Dear trader, If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14720 and support 2 at 14620 and resistance at 14900. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NIFTY
by Tallastrading
NIFTY LONG INTRADAY 4 MAY,2021Dear trader, If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14650 and support 2 at 14550 and resistance at 14800. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NIFTY
by Tallastrading
NIFTY LONG INTRADAY 26 APR,2021Dear trader, If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14440 and support 2 at 14380 and resistance at 14600. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NIFTY
by Tallastrading
NIFTY LONG INTRADAY 6 APR,2021Dear trader, If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14660 and support 2 at 14600 and resistance at 14840. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NIFTY
by Tallastrading
NIFTY LONG INTRADAY 19 MAR,201Dear trader, If u look at the chart of NIFTY (analysis based intraday only) the NIFTY support 1 at 14500 and support 2 14400 and resistance at 14700. The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis. In Intraday most important thing is to enter and exit points. Our signals are based on analytics, algorithms, mathematical derivatives. Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies. Kindly message us for strategies and analysis.
NSE:NIFTYLong
by Tallastrading
Trade Log NIFTY August 26My last two updates August 24 : NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts. August 25 : For tomorrow, I don't have clear bias. I think there is not going to be a gap up opening tomorrow. NIFTY did 3 consecutive gap ups. Tomorrow, it may be flat to gap down opening. It needs to be seen how the gap gets bought. Intraday, short trade is more probable if there is no large gap down and NIFTY fails to keep opening range. The support is placed at 11400 and 11360. Overall, NIFTY is now very close to filling the gap 11633. It also did not take any meaningful dip towards 11360. ================================================================================================================================================================================ My trades No intraday trades today. My Observations for the day NIFTY gained 0.67%. It closed above psychological resistance of 11500. BANK NIFTY gained 1.39% VIX dropped 0.06% Advance Decline ratio is 31 to 18. Today was the day when Reliance and Bank NIFTY both performed. My view View is not changed. NIFTY is on its way to 11633. There is a possible reversal / dip zone around 11633. But with Reliance and BANK NIFTY both performing, this may be a really brave idea. Overall, intraday opportunity only when NIFTY breaks high and moves further. August 24 Post August 25 Post Weekly view post
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY August 25In my yesterday’s trade log, I said "NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts." Nothing much has changed. My trades I sold 11500 CALL when the opening range broke. It was covered later. My observations NIFTY had a choppy day. It was 4th straight higher high higher low day. It closed 0.05% up. BANK NIFTY gained 1.13% VIX up 0.44% Advance Decline ratio 21 to 29. Reliance Industries continues to drag by losing 0.65% My view for tomorrow For tomorrow, I don't have clear bias. I think there is not going to be a gap up opening tomorrow. NIFTY did 3 consecutive gap ups. Tomorrow, it may be flat to gap down opening. It needs to be seen how the gap gets bought. Intraday, short trade is more probable if there is no large gap down and NIFTY fails to keep opening range. The support is placed at 11400 and 11360.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 24My weekly view for August 24 - 28 As I have mentioned, I am not comfortable trading the 11380-11630 zone with overnight positions. I am only trading intra day. I'll trade either below 11380 or near 11630 with positional trade ideas. ==================================================================================================================================== My trades today When the opening range was mildly broken, I sold the PUT option, which I covered later in the day. My observations for the day NIFTY gained 0.83%. It closed above 11450. BANK NIFTY gained 2.39% VIX dropped 3.55% Advance Decline ratio is 28 to 22 NIFTY gave a breakout above 11460 and also retested the same during late of the day. This makes the trend bullish on weekly, daily and hourly time frames. My view for tomorrow NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts.
NSE:NIFTYLong
by Observe_Think_Act_Think
Trade Log NIFTY August 19In my post of August 18, I explained why I’ll trade lightly in the zone 11380-11630. Please refer to the post. My trades No trades today My observations for the day NIFTY was tightly range bound in 11400 - 11460. It closed 0.20% up. BANK NIFTY closed 0.52% up VIX dropped below 20. It is now at 19.96 Advance Decline is 28 to 22. My view for tomorrow All indicators are showing high bullishness. But as I said, since we are close to the monthly trend change level, I am being very cautious and not taking sides. What that means, is NIFTY can show extreme spurt which can throw off the traders with limited risk appetite. I’ll trade based on intraday signals.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 18In my post yesterday I said With today’s price action nothing changed. I need to see a clear signal to change my view, which is currently bearish consolidation. Tomorrow, if NIFTY resumes, the downtrend again back towards the bottom of the range 11110-11140, it will strengthen the view. Any close above 11320, I need to change my side. So I changed my side. I am in favour of no trade, why? I’ll explain. ************************************************************************************************************************************************************************************************************* My trades today I sold 11250 PUT when NIFTY crossed the initial range high, then closed it at the end of the day. My Observations for the day NIFTY was very positive throughout the day. Finally closed with 1.23% high. BANK NIFTY closed 2.16% up. VIX down 4.12% Advance Decline ratio is 39 to 11. My view NIFTY is showing very bullish formation on multiple time frames. On a long term chart - It closed above 11381, which is 78.6% retracement. On weekly time frame - Highest weekly closing since March 2020 In the daily time frame - NIFTY broke out with strong candles. It also formed hammer and confirmation On hourly time frame - NIFTY It is forming a crooked inverse head and shoulder with target of 11600. With any rise further, NIFTY will enter the gap zone created on Feb 28,2020. The day panic selling started. I think this zone is a risky zone. NIFTY may experience extreme volatility and levels may not work. As large portfolios may liquidate some positions in the zone. Also , one thing I learnt on trading is when everything is looking this good it is better to wait and see what happens next. ************************************************************************************************************************************************************************************************************* My Plan as long as NIFTY is in 11381-11633 I’ll trade intraday with long bias, mostly with buying CALL options or selling PUTS with tight SL. I’ll work only when NIFTY is out of this range either stays below 11380 or settles above 11630 on a weekly basis. I won't create any short positions, apart from buying PUTs with limited loss potential. Be safe out there!
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 10Review of my weekly opinion Possibility 1 : On Monday, observe the price action in the first hour. Any gap up or break of 10250, will confirm bullish inclination and further upside possible in the 11380-11440 zone. Eventually, when and if Reliance has reached around 2300 levels and NIFTY in this zone, then I’ll enter positional short- reversal trade with SL of 100 points. This possibility played out, only partially. Because closing was not very strong. ======================================================================= My trades today There was a break in the opening range. But it was very weak (2 indecision candles barely above the level) This actually made me look for reversal trade which came soon with breakout failure. I squared it off near the end of the day. Some routine notes NIFTY closed at 11270, nearly same where it opened for the day. BANK NIFTY consolidated and finally settled 0.67% higher. VIX lost 0.30% Advance Decline 32 to 18. Reliance Industries declined 1.16% Open interest data is showing 11200 is being pushed as strong support. Today’s price Action means Today NIFTY sustained a gap up and had failed breaks on both sides of the range. This shows buyers and sellers are in equilibrium. My view for tomorrow I expect a positive day tomorrow with the possibility of a new high. My plan for tomorrow The best opening I expect is flat to mild negative, which should work in favour of bulls where the strength is built for newer high and possible breakout. Gap up attempt above 11330, may not be easily tradable. Weekly view post
NSE:NIFTY
by Observe_Think_Act_Think
1
Trade Log NIFTY August 7In my post dated August 6, I had said I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300. It was a consolidation day. Not bearish. ================================================================================================== My trades. I did not trade today. My Observations NIFTY closed flat 0.12%. Entire day was spent mostly inside 11170 - 11215. BANK NIFTY closed 0.51% VIX lost 2.47% Advance Decline ratio is 32 to 18. Open interest is showing buildup at 11000. Overall, for next week, I think it will be at least a positive start for the week, with possibility of a new high. But I’ll treat this as a retest of intermediate high till there is break 11380 and consolidation above. I’ll write more about this in my weekly review.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 6From my August 5 update, I expected NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop. News driven action likely tomorrow. I expect consolidation to bearish movement tomorrow. NIFTY was choppy, but not necessarily bearish. The short from 11228 was a good setup, but too fast to trade as it was a news driven day. ============================================================================================================================ My trades I did not trade today. My observations for the day NIFTY closed above 11200, that is 0.89% up. BANK NIFTY closed 0.62% up. VIX closed 1.77% down Advance Decline ratio is 39 to 11 It was a weekly expiry and overall a choppy day. Overall, it was 3rd up day after 4 consecutive down day. Tomorrow’s price action will be a test if the current bounce is strong enough to start a new swing higher. I’ll look for a short if NIFTY is in the zone 11280-11300 zone. If NIFTY is trying to retest high, then it should not close above the previous swing high that is 11300. This is more positional short. From intra-day view, good opportunity on either side only after crossing one of extremes - 11250 and on downside 11130. My view for tomorrow I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 4In my August 3 post, I had said Today is the fourth day for the down move. When I see the reliance chart and NIFTY chart I think touch of support zone 10780-10830 is possible in tomorrow’s session. This zone is where there is a possibility of some sort of bounce. This is the first bounce after correction, so likely to fail. It is better to wait and let the pattern form before in long side trade. I was wrong here. I anticipated 50 more points before the bounce. But NIFTY bounced hard from the 10900 zone. ========================================================================================================================================================== My trades today I bought CALL when NIFTY sustained an initial high. And sold at resistance. I exited early as it was the reverse of the trend. My observations for the day NIFTY reversed the trend on the hourly chart by closing above 11080. It gained 1.87% BANK NIFTY supported 1.99% VIX dropped 5.44% Advance Decline is 32 to 18. Reliance Industries gained 7%+. This alone contributed 117 points Open Interest buildup at 11000 Put option is strong. Indicating conviction amongst the buyers. My view for tomorrow. Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY, I feel there is some more upside up to 100-150 points. For tomorrow, I expect sideways market mostly with touch of 11050 - 11000 area, which should find some buying before NIFTY moves into the second leg of rally towards 11150+
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY August 3I my weekly review post (Link below), I commented, I take consolidation with a negative bias view. The pattern target is 10860. I sense that this week, NIFTY is likely to hit that zone. I need to see if this happens with momentum. There should not be any closing above 11130, If there is any closing above this level, short bias is challenged. If NIFTY crosses above, 11195-11200, actually bias is on the long side. Summary : Bearish consolidation view with target 10860-10900, reversal in view at 11200. ***If there is a gap down below 11000, that will confirm that this time correction may not be shallow. And any close below 10800, means the possibility of more downside.*** There was a gap down opening, so this correction may not be as shallow as others from May 18. From levels and target of pattern perspective, I think NIFTY got there in a day. =============================================================================================================================================== My trades today I sold 11000 CALL anticipating bearish day, I squared it off for the profit near the end of the day. My observations for the day. NIFTY closed the day with the loss of 1.64% BANK NIFTY closed 2.62% lower. VIX gained 4.10%, back above 25. This is not a good sign. Advance Decline ratio for NIFTY is 13 to 37, not as bad as the fall. Reliance Industries caused nearly 44 points on downside. Open Interest showing 11000 -11200 zone is agreeable resistance zone. My view for tomorrow Today is the fourth day for the down move. When I see the reliance chart and NIFTY chart I think touch of support zone 10780-10830 is possible in tomorrow’s session. This zone is where there is a possibility of some sort of bounce. This is the first bounce after correction, so likely to fail. It is better to wait and let the pattern form before in long side trade. My weekly view
NSE:NIFTYShort
by Observe_Think_Act_Think
2
Trade Log NIFTY July 31In my yesterday’s post I had said Tomorrow, I assume a downward bias with the possibility of 11040 and 11000. I’ll see the price action around this area to decide the next steps. If this is really some sort of intermediate top, there should be a gap down and the gap will be sustained for the day. NIFTY touched 11040. The price action around this level is indecisive. There was a bounce, but it was not a sharp bounce. So I need to look at Monday’s price action. If this is a usual correction in a large up move, it is less likely that there is any gap down etc. If there is a gap down with a break below 11000 with force, then I’ll start thinking about the intermediate down trend. ========================================================================================================================================================================= My trades today. Range bound day and filled the gap. I sold 11100 CALL in the morning and later covered it exactly at gap fill support. Since there was tight range consolidation during the initial day, I was careful about reversal around 11040. My observations for the day NIFTY continued its downwards grind, closed 0.26% down. BANK NIFTY closed 0.03% VIX fell 2.16%. Market players sense no uncertainty at this level. Advances to Decline ratio is 34 to 15. Reliance fell around 2%. It dragged the market by 31 points. Option data showing bearish tilt with resistance building around 11200 I’ll do detailed post about my next week’s view over the weekend. Have a great weekend! Link to my yesterday;s post
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY July 30In my trade log of July 29, I commented The breakout has failed. I think NIFTY is likely to test other extremes -- retest of 11000 and 10900 initially. This may not happen tomorrow as tomorrow is an expiry day. There may be another attempt towards 11270 which needs to be watched carefully. Tomorrow I am more biased towards consolidation day. Review NIFTY is well on its touch of 10950-11000 range. The attempt towards 11270, which I was monitoring failed. This prompted me to take trade early. It looked a lot worse than consolidation day. NIFTY broke down marginally the range of 11110-11300. =================================================================== My Trades The first hour trade was bullish as the opening range broke. But when there was no momentum towards 11300. I exited that at the target. I was watching the triangular pattern that was getting formed, when it broke down, I bought 11200 PUT. I rarely buy PUTs. I bought PUTS for the next expiry to avoid time decay. And another reason to capture the entire move as I the support below was around 11150, 125 points below. My observations for the day NIFTY closed 11102, down -0.90%. BANK NIFTY down -1.95% VIX gained 2.55% Advance Decline ratio is 13 to 37. Broader market showing 1:2 advance decline Option data for new series showing range of 11000-11200. FII and DII data neutral. NIFTY created an important pattern today, which is the intermediate term topping pattern. If this pattern holds, NIFTY won't be crossing 11140 tomorrow. And breakdown towards 11040 and then 11960 looks very likely. Option data also shows not much resistance expected till 11000. My view Tomorrow, I assume a downward bias with the possibility of 11040 and 11000. I’ll see the price action around this area to decide the next steps. If this is really some sort of intermediate top, there should be a gap down and the gap will be sustained for the day. July 29 Post
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY July 29In my post (link below) I expressed my view Typically, such range breakouts have caused 2-3 days of rally in NIFTY in the last 2-3 months. This time we can expect something different. If it is the last leg of the up move, then NIFTY can see a sudden surge in the next 2-3 days into July 30 Expiry. If it is more like an ordinary day, there may be some consolidation confirming the breakout. ======================================================================= Indeed, NIFTY behaved differently. Breakout of the range has failed now. My trades today. When an attempt failed to test morning high, I sold 11250 CALL. I was sure that NIFTY is likely to test 11235 where I had set the target and SL was at the high of the day. NIFTY actually moved much below what I anticipated. I ended up taking out profits at the target. My observations NIFTY closed at 11202 , -0.86% down. BANK NIFTY closed -0.13% down VIX gained 1.99% Advance decline ratio is at 22 to 28 FII and DII data on negative side My view for tomorrow The breakout has failed. I think NIFTY is likely to test other extremes -- retest of 11000 and 10900 initially. This may not happen tomorrow as tomorrow is an expiry day. There may be another attempt towards 11270 which needs to be watched carefully. Tomorrow I am more biased towards consolidation day. July 28 Post
NSE:NIFTY
by Observe_Think_Act_Think
4
Trade Log NIFTY July 28 In my post (Link below), I had said NIFTY is in the tight range of 11105 - 11220. It is really difficult to imagine the structure within this range, but considering today’s price action, I think NIFTY may break down tomorrow just a little. But there are multiple support zones from 11000-11050 where support is expected. Review: NIFTY did not break down. It was a clean trending day and breakout of the range. ================================================================================================================================================================== My trades today As per my plan, I bought 11200 CALL on break of 11220 and squared it off near the end of the day. My Observations for the day NIFTY broke out of the range today with 1.52% gain. It has closed above 11300. BANK NIFTY also gained 1.17% VIX cooled off and is now at 23.64 The Advance Decline ratio is good 42 to 8. Option Data indicating range of 1100-11500 for expiry. ================================================================================================================================================================== My view for tomorrow Typically, such range breakouts have caused 2-3 days of rally in NIFTY in the last 2-3 months. This time we can expect something different. If it is the last leg of up move, then NIFTY can see sudden surge in next 2-3 days into July 30 Expiry. If it is more like ordinary day, there may be some consolidation confirming the breakout. My plan for tomorrow No clear bias for tomorrow. So I’ll mostly watch opening and avoid jumping into trade in the initial hour. Reversal trade above 11380. If there is a retest, I need to see how it supports the breakout. My July 28 post
NSE:NIFTYLong
by Observe_Think_Act_Think