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Niftyanalysis

Nifty Important levels and trade plan for Thursday, 08.09.22On daily time frame Nifty is sideways and tomorrow being the expiry of this week, I find, finding a proper trade plan for Nifty, a little difficult. For tomorrow, I have marked the important levels, and here in between 17676 and 17566, will not go for any directional trade as within this range lies day CPR, previous day CPR which is a virgin one and monthly CPR, and may go for bearish trade if nifty crosses below 17566, with targets near 17483 and 17401. For upside move, 17728 and 17776 will be the important resistance levels but we need to be careful about the trend lines marked in colour blue. Now if we see the OI, 17500 has the highest OI in PE side and in CE side almost each level from 17700 to 17900 has considerable OI with highest OI at 18000 level, which indicates a proper support in downside, and probable up move in Nifty tomorrow, but as we are witnessing in last few days that OI statistics may change within no time, so it is impossible to come to a firm conclusion about probable direction form OI data. So, in conclusion, I personally will avoid trading in first half, and in later half, if get proper opportunity, then may enter into a trade, with very limited quantity. Below are some important CPR levels for tomorrow Daily Central Pivot Range from 17605 to 17567 Weekly Central Pivot Range from 17516 to 17471 Monthly Central Pivot Range from 17697 to 17573 *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 7th September, 4:00 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Levels & Strategy for 07/09/2022Dear 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. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts. DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders. NIFTY Nifty is down by just -10.2 points. PCR shifted down from 1.07 ( bullish zone) to 0.87 ( bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side. Highest open interest on call side at 17800 (Shifted down from 18000 to 17800) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 ( bullish zone) to 0.91 ( bearish zone). Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Make or Break Tuesday Coming Up.Spot Nifty is just under Double Trend line resistance of 17700. Closing above 17700 will open the wide possibilities of Nifty strolling 18K and regaining the level with confidence. As the resistance is very strong and we are currently at 17665.80 a great thing to happen will be getting an gap up opening above the resistance and sustaining it. If it is not gap up opening and we move with confidence defeating the level it will be even better. Also note that 17590 is a strong 50 hours EMA support. Resistance levels: 17782, 17844, 17989 and finally 18105. Support levels: 17590, 17425 and 17338. Below 17338 Bears can fight back and drag the index to lowers 17K or even below it to 16.9 or 16.5K levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty levels & strategy for 06/09/2022Dear 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. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs sold in cash -812 crores and bought in F&O 3862 crores. DIIs bought in cash market 534 crores. FIIs added long positions in F&O Index future & stock contracts and reduced short positions in index put & stock put options. FIIs are bullish on market. DIIs added short contracts in Index future, stock future & stock call option. DIIs are bearish on market. Pro traders followed balanced approach. Pro traders have added short contracts in Index future, stock future & hedged their positions using option contracts. Retail traders have added short contracts in Index future, stock future & index short call. Retail traders also heavy bought index put long & stock put long options except stock call long options. Overall retail traders are highly bearish on the market. May god save retail traders. NIFTY Nifty is up by just 126 points. PCR shifted up from 0.80 ( bearish zone) to 1.07 (buying zone). Nifty traded sideways after initial gap-up. Nifty is trading near major resistance zone. Let us see if Nifty breaks out above 17777 level and make a move towards 18000 level. Nifty trading range has shifted up. Is Nifty getting ready for breaking out/ready to touch 18000 levels in coming days ????? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is up by 385 points. Bank Nifty firmly today. PCR shifted up from 0.91 ( bearish zone) to 1.2 (buying zone) amid global issues like US Dollar Index at 20 year high, Russia stopping gas supply to Europe & few more. Highest open interest on call side at 40000 (Shifted up from 39500 to 40000) Highest open interest on put side at 38000 (Remained at same level) Federal Bank denied reports of a likely merger with Kotak Bank (slightly negative for BN ). SBI 2700 Crores received dues from Vodafone ahead their planned schedule. I don't trade or recommend Vodafone Idea stock but this news is certainly positive for SBI & therefore Bank Nifty Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels till it is trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
NIFTY Big Correction possible?Please Like, Share, Comment Sharing the view on NIFTY for upcoming short term. Discussions in this video - 1. Blow-Off TOP - 18604 2. NIFTY making Lower Highs, Lower Lows (Structural) 3. Important Levels to watch in coming days - (18343.55, 18089.60, 17482.30, 17361.80, 17168.25) 4. New TGTs for upcoming Short-term 5. Bear market rallies - (Trap Bulls & Hunt Bears SLs) Will be updating this thread in coming days. PS: Can watch this video in 1.25x speed or more.
NSE:NIFTYShort
by BlueChipStocks
NIFTY NEXT WEEK trapped between resistance and supports.It was important for Nifty to end the week above 17570 which was the 50 hours EMA. Ending above 17700 Which is the trend line would have been even better. Ending below them means now these Two lines are important resistances for the next week. Bull run can start only when we get a daily closing above these Two lines. Crossing 17700 the next resistance would be 17782 and 17989. In case we do not get a closing above 17570 and 17700 the supports for Nifty are at 17425 and 200 Hours EMA at 17315. Below 17315 we can see a free fall in Nifty till 17020 or 16773.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Important levels and trade plan for Monday 05.09.22On daily time frame Nifty is in a sideways trend now. And at present SGX nifty is almost 40-points negative compared to yesterday’s closing. And in between a support and a resistance zone. So, if SGX nifty respects any of the zones then for Monday we may see a flat opening, but failing to respect either zone by SGX Nifty, there may be a huge gap up or gap down opening in Nifty. Now if we see Nifty in daily time frame it formed an inside candle for consecutive second day, which made our trading decision little easier. We have to marked the top and bottom of yesterday’s candle and may enter into a trade once it breaks either direction. Now in 15-minute time frame- we have marked these two levels in colour blue at 17634 and 17469, if Nifty opens in between this zone, we will enter when Nifty crosses either side. For down trend, a range between 17398 to 17363, 17299 and 17230 will act as important support levels. Similarly for upside move, 17702, 17772 and 17843 will act as major resistance levels. In between 17634 and 17469 we may avoid a directional trading, but if Nifty took support or resistance at either side, we may plan to go for a short strangle, opening one leg at a time. Now, for opening up to 17772 level we will plan for a bearish reversal, but above this level, we will plan only for bullish trade. Again in down side, we will plan for bullish trade only near 17299 support level. Now if we see the OI chart, in CE side from 17600 to 18000 huge OI is present in each side, and in PE side, 17500 has some amount of OI followed by 17300, which indicates a bearishness in the market. Below are some important CPR levels for tomorrow Daily Central Pivot Range from 17560 to 17546 Weekly Central Pivot Range from 17516 to 17471 Monthly Central Pivot Range from 17697 to 17573 *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 3rd September, 1:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty levels & strategy for 02/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 down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Friday, 02.09.22On daily time frame Nifty formed an inside candle today, which made our trading decision for tomorrow simple. Normally for inside candle, we may enter into a trade, when price breaks in either direction. Here for today we have marked the range between 17700 and 17530 as no trade zone for directional traders. Nifty exiting from this zone in any direction we will take a trade in same trend. For down side 17470, 17382 and 17298 will be the important levels of support and 17778, 17850 and 17963 will be the important resistance levels, As far the trend is concern in Nifty we still would like to ride in a downside trade. If opens huge gap up then we will wait for a price action to complete before taking any decision, and for huge gap down, will enter into a long trade with one positive candle or, breaking of first five-minute candle in upside. Daily Central Pivot Range from 17582 to 17555 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 17697 to 17573 Will not check OI data today *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 1st September, 5:40 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade plan for Thursday, 01.09.22After yesterday’s rally in Nifty and SGX nifty as well, today SGX Nifty made a fall of almost 300 points and currently it is 280-point negative than yesterday’s closing, and is near an important support level, So we may expect a little correction in its level. So for tomorrow, we will not consider any scenario of gap up opening in Nifty. Now, though huge but still we will consider the range between 17776 to 17586 as no trade zone, especially for directional trading, as we can see the daily CPR in this range, along with monthly CPR, and weekly CPR as well. If Nifty opens in this zone, then we will wait for Nifty to cross either side, and enter into a trade accordingly, will buy after crossing 17776 level and will short if crosses 17586. For upside 17965 will be the maximum level of resistance, and for downside, we may consider 17475 and 17343 as important level of support. If nifty opens huge gap down, as we cannot deny the probability, then near any support level with one bullish candle we may go for a long trade. For opening in no trade zone and crossing it downside, it will be better for us to enter a trade with a price action. If nifty closes below its monthly CPR tomorrow forming a bearish candle, then we may again expect to see some downward move in coming days, but a closing above the monthly CPR, and we will need to be ready for a bull run. 18000 has highest OI in CE side followed by 17700 and in PE side 17500 has highest OI followed by 17300, So, from this figures, we may cone to a conclusion that, if tomorrow Nifty opens above, 17500 then this level will act as a huge support and then we may see 18000 levels also, but below 17500, 17300 will only act as major support, same is also indicated by the chart. Daily Central Pivot Range from 17702 to 17589 Weekly Central Pivot Range from 17551 to 17535 Monthly Central Pivot Range from 17697 to 17573 *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 31st August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
3
17166 proved to be good support in weathering Powell storm17166 proved to be good support in weathering Powell storm. After taking a support at this range we have seen a bounce in Nifty which is nearing it's critical 50 hours EMA resistance. It can also be seen in the chart that this zone is mid channel resistance for the channel ini which Nifty is travelling from around 10th of june. Immediate Supports and resistances are: Supports of Nifty : 17495, 17392 and 17259, 17166 and 17026. Final support should be considered at 16950. Bear Grip of Nifty can strengthen below : 16723. Resistances of Nifty : 17548, 17589 and 17736.
NSE:NIFTYLong
by Happy_Candles_Investment
Sell Nifty below 17540 target17390/17260/17060 stop above 17650Nifty is showing rejection from the higher levels and with Fed latest comments the interest rates will see a sharp spike and the result will be felt by the economy especially certain rate sensitive business will feel the "pain". Technically also any sustenance below the levels of 17540 will open give some more pressure to nifty. From the indicators point of view the RSI is also weakening and EMA & SMA Crossover also hinting the same.
NSE:NIFTY1!Short
by Adi_tech
1
Nifty Levels & Strategy for 30/08/2022Dear 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 consult your financial advisor before trading. Global cues are quite negative. FIIs sold in cash as well as F&O contracts by -6000 plus crores. Today also Dow Jones and Nasdaq are trading in red. India VIX has jumped up by 8.83%. Crude started boiling again. US Dollar & US 10Y bond yields are maintaining at quite high level. Shall continue to look for sell on rise opportunities till global market sentiments remains negative? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta