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Nifty Levels & Strategy for 16/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 is slightly down by -126 points. Today, Nifty has broken down 18K level and could not close above the psychological level. PCR is down from 1.1 (buying zone) to 0.72 (bearish zone). Today’s positive opening has given chance to retail traders for booking profit. Later Nifty slipped below 18K level. Highest open interest on call side at 18700 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 16500 (Based on next weekly Sep, 22nd expiry data) BANK NIFTY Bank Nifty is down by -196 points. Today was a historical day when Bank Nifty touched new lifetime high. It was dream come true amid several global issues. Bank Nifty was pushed in red due to heavy profit booking & new short positions added by traders. PCR is shifted down from 1.62 (Overbought zone) to 0.87 (bearish zone). Highest open interest on call side at 41500 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 38500 (Based on next weekly Sep, 22nd expiry data) Shall we again start looking for sell on rise opportunities ????? 1. till Nifty is below 18K 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near support level 2. high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do review 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Friday, 16.09.22On daily time frame we may consider Nifty in correction of an uptrend, and will consider the trend to be bearish below 17862. For tomorrow, will enter bearish trade in Nifty only below this level, if opens near today’s close (case 1). Important support levels will be at 17795, 17711 and 17668, with diagonal trend line marked in colour purple. For opening near first support level, we will wait for a price action, will enter into a trade in downside move only (case 2). For up move will ignore. Will consider for upside move near diagonal trend line, or near second level of support only (case 3). For case 1 we will go for option buying, but for case 2 and 3, will go for option selling. We have marked the zone between 17861 and 17975 as no trade zone for directional trade. In between these levels we may plan for a strangle, depending upon the situation. Will go for bullish trade after nifty crossing 17795 level only. But in bullish trade will prefer option selling over buying. Possibility of a gap up opening over no trade zone is very limited, but if happens, then will wait for a price action, and then only enter a trade. If nifty crosses the today’s low, and then move upside tomorrow, then there will be a slight change in resistance levels. Will ignore OI data today. **Time of plotting the levels and planning 15th September, 9:00 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Spot Nifty ended below 50 Hours EMA. If US indices and SGX Nifty don't do well overnight the chances are that few supports on the down side will be tested tomorrow. FII and DIIs both were net sellers today again showing some chinks in the armour of rally which started around 15183. Seems the strength of bulls is exhausted as third day in a row the Bulls could not even touch coveted psychological mark 18100 forget about sustaining over it. Bulls will have to show lot of courage to pull Nifty above 18100. Specially with FED announcement round the corner and a possibility of 100 bps hike has made investors cautious. Major level to watch out for tomorrow or in the coming week will be 17668 . Below 17668 Nifty can see a free fall. However the support at 17668 is so strong that even Bears will have to pull all their shots to bring Nifty below it. Resistance on the upper side remains at 18100, 18343 and 18606 levels.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Important levels and trade plan for Thursday, 15.09.22We may consider today’s gap down and its follow-up up move as correction in Nifty’s bullish momentum, and we may consider the continuation of the trend if tomorrow nifty move upside without breaking low of 17880 level. For tomorrow, range between 17960 to 18050 will be considered as no trade zone and opening of Nifty in this zone will make our trading decision easier. After opening in this zone, with a candle closing below this zone (5 minute/15 minute), we will go for bearish trade, with half quantity. With initial and important target of 17880, and with tight and trailing stop loss. Below this level, 17817 can also act as support. For upside after breaking of no trade zone will enter into a bullish trade, with tight trailing stop loss and with limited quantity. Initial target will be between 18110 and 18123. If nifty breaks this zone, then we will be ready for one more huge up move and 18190 and 18292 will be our target levels. For gap down opening up to above 17880, we may plan for reversal, but below this level we will plan for downside move only. Again, for opening above no trade zone, we will be careful up to 18123, but after nifty crossing this level, preferably with a price action, will enter into bullish trade with complete quantity. Considerable OI is present, in PE side in 17900 and 17800 levels, and in CE side, all the levels from 18100 has good amount of OI buildup, which may offer good resistance. But OI statistics may change over time which we have witnessed in last few days. *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 14th September, 9:40 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Nifty Levels & Strategy for 15/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 is slightly down by -66.3 points. Today, Nifty has broken down 18K level but finally closed above the 18K wall of significant open interest. PCR is down from 1.32 ( bullish zone) to 1.1 (buying zone). Today, big players have turned the tide in their favour. Every retail trader is shocked to see Nifty’s performance. Nifty closed above 18K level against the odds when all of us were expecting it to close below 17800 level Highest open interest on call side at 18100 (Shifted down from 18500 to 18100) Highest open interest on put side at 17900 (Shifted down from 18000 to 17900) BANK NIFTY Surprisingly, Bank Nifty is up again by 532 points in spite of severe fall in US/Global markets. Bank Nifty has closed 4th time in a row at new lifetime weekly high. Bank Nifty PCR at 1.62 has reached in overbought zone. BN , now trading at walking distance from lifetime high. I am really amazed with big players performance. Initial gap down was bought in few mins and then non-stop rally with profit booking in last hour. Right now, bank nifty has reached into overbought zone. Highest open interest on call side at 41500 (Shifted up from 41000 to 41500) Highest open interest on put side at 40000 (Remained at same 40000 level) Shall we look for buy on dips opportunity near support level & trade with strict SL? What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty daily analysis for 14/09/22Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100. In the last hour nifty lost and around 90 points. The market has taken a nice support from hourly 20 ema and closed just above the level. On the 15 minute time frame, the market has closed between the 20 and 200 ema. The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\ Support :-17965-990, 17923, 17832 Resistance :- 18020,18060, 18140 The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
CPI data US is out, NIFTY short update!Updated chart! Updated levels! Updated SL condition with the current economic data! Both INDIA & US CPI data have been reported not so good! Expecting a major blow in indices soon, still holding shorts! I'm not trading for 1 - 2% here, those trying to find some holy grail indicator or here to troll can avoid wasting their time here! TGT is big, and TIME is the trade for me around these levels! Not going long in anyways unless NIFTY breaks the big resistance with gap up and sustain!
NSE:NIFTYShort
by BlueChipStocks
1
Nifty Levels & Strategy for 14/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. 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 your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up again by 134 points. Today, Nifty has broken the 18K wall of highest open interest, but strength was clearly missing after initial breakout. PCR is further up from 1.02 (sideways zone) to 1.32 (bullish zone). Bears are all set to bring down Nifty below 18K after blood bath in US market based US inflation data and fear of jumbo rate hike in near future. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17900 (Shifted up from 17900 to 18000) BANK NIFTY Bank Nifty is up again by 299 points. Bank Nifty has closed 3rd time in a row at new lifetime weekly high. Bulls have really performed well amid several global issues. Everything was going good for bulls, but today’s higher US inflation data is likely to put a break in sharp bear market rally. Bears are all set to take over. Market is going to give opportunities to those who missed to buy during the rally/clear the bleeding short positions. Highest open interest on call side at 41000 (Shifted up from 40500 to 41000) Highest open interest on put side at 40000 (Shifted down from 40500 to 40000) Shall we start looking for sell on rise opportunity amid global issues till US Fed hike in near future near major resistance level with strict stoploss? Or Shall we look for buy on dips opportunity after decent correction? What do you think? PLEASE MAKE A NOTE THAT TOMORROW MORNING, WE WILL SEE THE SHARP REACTION OF US INFLATION DATA. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Nifty Important levels and trade plan for Wednesday, 14.09.22Nifty Major Trend-Bullish For flat opening-Buy above 18136, with a price action. Sell below-18076 with a price action. Downside will plan for continuation trade up to 18026. Form 2nd support level at 17952 may plan for upside correction with a price action. Will plan for immediate reversal from 17862 level. May expect a correction from 18202 level, 18300 and 18367 will be the important resistance levels. For opening above and below the no trade zone, will have to wait for confirmation from price action before entering into any trade. OI date- PE Side highest OI present at 18000 CE Side highest OI present at 18500 *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 13th September, 5:10 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Nifty Trade setup Idea - 13 september 2022Similar to Banknifty, Nifty was also trading in a range after the initial spike. It was not able to break 17980 in the up side and 17920 in the down side. My Plan: - Today it would interesting for option buyers, since we would see either a breakout or breakdown above 18000 or below 17900 levels. - I would only look to trade if one of these levels are breached. - If there is a huge gapup, then there would be volatility in the market. Lot of profit booking might take place. - If there is a huge gap down, then we might see panic in the market causing the market to fall futher.
NSE:NIFTY
by GenkeiFutura
Nifty in strong position to gain further.NIFTY has started the week on solid footing and current global positivity can help nifty scale new heights. For gaining further ground tomorrow Nifty will have to close the day above 18000 levels. Failing to do so we can see little bit of consolidation too. Support and resistance levels are as under: Supports for Nifty: 17800, 17659, 17424 and finally 17204 (in very unlikely circumstances). Resistances for Nifty: 17996, 18100, 18365 and finally ATH 18606.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty levels & strategy for 13/Sep/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 103 points. Nifty is successfully trading above major resistance zone. PCR is up from 0.89 (bullish zone) to 1.02 (sideways zone). Nifty is trying hard to cross the 18K level. If inflation data is next major trigger. If data comes positive and then we may see a new lifetime high in Nifty.Certainly, support zone in Nifty has shifted up. Important resistance levels became new support levels. Max open interest has jumped up significantly which means big players are looking at expiry on higher levels near lifetime high. Overall, Indian market data is looking good. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17900 (Shifted up from 17000 to 17900) BANK NIFTY Bank Nifty is up by 158 points. Bank Nifty is really performing well and closed above 40500 level which is a new lifetime weekly high. Extra ordinary performance by Banking stocks amid ongoing global issues. Any dip Bank Nifty due to US inflation data in next few days should be buying opportunity. However, trader should work level by level. Max open interest has jumped up significantly. Please do make a note of it. Highest open interest on call side at 40500 (Remained at same level) Highest open interest on put side at 40500 (Shifted up from 39000 to 40500) Shall we continue look for buy on dips opportunities near major support? Yes, I think so. What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Tuesday, 13.09.22(Levels and study done in Nifty future) On daily time frame Nifty is bullish, but with current price action in lower time frame, tomorrow we may expect a little correction. Tomorrow, the range between CPR (which is a narrow one) and today’s high (17945 to 18020) will avoid directional trading. If Nifty opens between these two levels, we will wait, and will enter into bullish trade after Nifty crossing 18020, but here price action is must. For upside move 18123 will be the target level. If opens above no trade zone, then we may witness a sudden spike in upside, and here in this kind of opening also we will wait for a price action and then will enter into a trade. For opening inside no trade zone, and with a slow move towards downside, will enter into a bearish trade, after getting confirmation from breaking of first five-minute candle in downside. However, a gap down opening of more than 70 to 100 points well wait for the price to take a decision. For huge gap down opening, we may consider for bullish reversal trade, but depending upon the conditions. From OI chart, 18000 is still having highest OI in CE side and in PE side it is 17900 with maximum OI present. *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 11th September, 11:40 AM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11