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Niftyanalysis

NIFTY 50 ANALYSIS ON RBI'S MEETINGmarkets fell, indicators supporting!! rising wedge pattern is formed. RSI will react in the same way as there previous ones are. markets will reach its bottom point of its crucial trend line support, and will start moving up the next week. this week's was a crucial point, as FED'S meeting led to fall in our markets, and a further fall due to RBI's announcement. markets will be correcting till the decision comes, hence this two days, markets will reach 16520.
NSE:NIFTYShort
by raghavchoudhary2016
Nifty Wave C continues on Daily chart-As discussed in last Idea 17161 was our target & now looks like market can fall further, our target was achieved so no clear path right now -as of now cannot tell how much further it can fall according to elliott waves but 16800 is good support, i am expecting market to take support there & start fresh wave cycle from there -we should wait for some days as soon as we see some indication of initial wave 1 & after that we can long & new wave cycle will begin from there Thank you
NSE:NIFTY
by mr5476
1
Nifty Levels & Strategy for 28/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow? NIFTY SCORECARD DATED 27/SEP/2022 NIFTY IS DOWN BY -9 POINTS Name Price Previous Day Change % Change Nifty 17007 17016 -8.90 -0.05% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 8663050) Max OI (Puts) 16000 (Open Interest: 6248500) PCR 0.57 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 28/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow? I WILL BE TRYING TO FIIs DATA ANALYSIS ONCE AVAILABLE IN ADDITIONAL COMMENTS. NIFTY SCORECARD DATED 27/SEP/2022 NIFTY IS DOWN BY -9 POINTS Name Price Previous Day Change % Change Nifty 17007 17016 -8.90 -0.05% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 8663050) Max OI (Puts) 16000 (Open Interest: 6248500) PCR 0.57 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Nifty Important levels and trade plan for Tuesday, 27.09.22Nifty Is in a downtrend, and now we may see a correction form here, in coming days. So, for tomorrow, we may expect green candle in daily time frame, or may have a sideways market with a doji candle. In chart, zone between blue coloured lines at 17095 to 17980 will be our no trade zone for directional trading. Above this zone we may go for bullish trade, with targets at 17203 and 17349. For downside, below no trade zone, we may initiate a bearish trade, with target 16889. We may not expect more fall from this level, if Nifty falls below this level, then we will have be dependent on price action and other dynamic support levels, because it is highly unlikely to Nifty to reach 16641, which is the second level of support by tomorrow. If Nifty opens near first support level, or reaches this level, after price action we may plan a bullish trade. Same will be the scenario near resistance level at 17349, where we may plan a bearish reversal. But for all the conditions and trade types tomorrow, we will go with limited quantity and with tight stop losses only, as we may see reversal at any level. 17000 in PE side has the highest OI, so we may expect a support from here, if Nifty opens above this level, and 17500 has highest OI in CE side, which leaves some space for Nifty to breathe in upside. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 26th September, 9:30 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Nifty Important levels and trade plan for Monday, 26.09.22SGX Nifty is currently 117-point negative, compared to its last closing, and has taken support form an important zone. And in Monday morning session, it may reach to an important resistance zone almost 60 points above the current level. So, by Monday we may expect Nifty to open near about 60 points gap down, or if SGX reverses from this resistance level then may see almost 120-point gap down, or we may see SGX nifty in current support level, resulting almost 180-point gap down in Nifty on Monday. So for 50/60 point gap down opening will enter trade after breaking of first five minute candle in downside, for trend continuation, If opens 100 to 120 point gap down then will go for bearish trade after a five minute price action. For a gap down opening of 180 to 200 points, will wait for a price action in 15-minute time frame and then only enter a trade, but will prefer a bullish trade, according to the major trend. Major support levels- 17292, 17133, 17042 and 17906 Open interest statistics seems completely bearish, with highest OI in PE side at 17000 and in CE side it is in 17500. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 25th September, 2:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11