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Niftyanalysis

Nifty Important levels and trade plan for 25.08.22Today Nifty closed near it’s day high forming an inside candle in daily time frame. 17623 is the highest point and 17498 is the lowest. Again, 17600 the considerable level with highest OI in CE side, and 17500 is that in PE side. So, tomorrow’s strategy will be simple, we will go for trade in either side of today’s high or low, after nifty crossing either side. In upside Blue diagonal trend line will be the first resistance level followed by 17670, 17745, 17855, similarly for downside 17422 and 17349 will be the important support levels. For gap up or gap down opening, will wait for nifty to come to support or resistance, and after forming a price action will trade. For us a slight-gap down (20-30 points) opening will be the best opening for tomorrow. We will avoid trade especially option buying in between today’s high and low. Daily Central Pivot Range from 17590 to 17561 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 24th August, 5:00 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
2
Nifty level tomorrow We see today a good buy in nifty if we calculate total move of nifty thn nifty can move more thn 300 points today now what for Tomorrow?? We see today close of nifty was below 17597 (17577) we make our Tomorrow view was bearish due to closing now we are bullish in nifty / buy nifty above 17597 bcs if it break this level thn it make a good bullish head &shoulder after that our target 17635 17691 17744 Sl 17575 Sell nifty below 17559 Target 17520 17490 17455 Sl 17600 See our view was bearish for opening bcz of closing if it crossed the level of 17597 thn we are bullish but before that we are bearish
NSE:NIFTY
by devved19
Nifty Index Levels for 24/08/2022Dear 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. NIFTY Nifty is up by 87 points. Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17500 (Shifted up from 17000) FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs (Bullish): FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts. DIIs (Mild Bullish): DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts. PRO (Bearish): Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts. CLIENT (Bearish): Retail/HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts. Shall we continue to expect high volatility in next few days? Shall we look for buy on dips or sell on rise opportunities? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Wednesday 24.08.22Nifty created a bullish piercing candle after the follow up candle of a bearish engulfing candle in daily time frame, Now theoretically, after forming the continuation candle of bearish engulfing one, it should continue its downtrend today, but Nifty actually formed this bullish piercing one which is again theoretically a type of reversal candle set to a downtrend. If we see, in daily time frame, may denote this upside move as the upside correction of the downtrend, and will consider the same up to 17850 level, above which will consider nifty to be bullish again. So for tomorrow, will consider nifty to be in bearish trend only, and will try to find major trend in downside, as we have major resistance levels above it, most important one is the diagonal trend line here plotted in colour blue, will go for bearish trade, for any downward price action below this line. Above this trend line, nifty after taking any support above this line, or after forming any price action may go for bullish trade. With resistance levels at 17767, 17854 and 17995. But in bullish trade we will have to be care full as it will be against the major trend, and may expect a reversal at any time. Now, we will be comfortable in taking bearish trade below 17783 level only, because below this level we will consider trend continuation, and may go for bearish trades aggressively, considering 17409, 17343, 17225, 17142 levels of importance. A zone between 17593 to 17483 will be the no trade zone for tomorrow. Importantly, option chain is showing some important changes, with some OI build up in PE side, compared to yesterday’s chart, with 17500 with highest OI in PE side followed by 17400, and in CE side 18000 with highest OI, followed almost equally by 17900 and 17600. Daily Central Pivot Range from 17546 to 17483 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 23rd August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty responding to fall in major global indices.As mentioned in the earlier Tweets due to impending Commentary of US FED and Recession fears / Global slowdown concerns we saw the recent fall. After few weeks of relentless buying today we saw FIIs selling. NIFTY is currently at a major support breaking it and going below today's low will bring in further weakness for NIFTY. The Major Support and resistance levels are: Resistance Levels: 17541, 17716 and finally 17992. Major Support : 17467 (Today's low.) Other supports: 17348, 17135, 17023 and finally 16937. Below 16674 the Nifty will slip into bear grip.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY viewNifty after recovering most of the fall is going to either break previous high levels or can give another fall. As per the pattern, 17800 can act as a crucial zone from where we can see either it will be bullish or not. For upcoming week, we can expect it to go further upwards till 17800 and then wait for market to give either side move. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:NIFTY
by simple_trader2022
Nifty Index Levels for 23/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Indix VIX further jumped up by 4.12% from 18.29 to 19.04. Dow Jones is down 494 points and Nasdaq is down by 287 points at this point of time. Please do check closing data for tomorrow's trading reference. US DOLLAR INDEX has up beyond 108 level and continuous weakness in Rupee is certainly not a good sign for Indian market. Nifty closed below 20 EMA and VWAP level. We had a highly volatile day. PCR shifted down to 0.6 which is clearly in bearish zone now. Today also selling was quite sharp . Highest open interest on call side at 18000. Highest open interest on put side at 17000. FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS: FIIs ( Bearish ): FII sold in cash market for -454 crores and bought in derivative market contract for 3319 crores (please do continue to read about whether they bought calls to add new long positions or bought puts to add more short positions in the system). FIIs significantly reduced their long as well as short contract in Index future and added short stock future contracts. FIIs took long positions in calls. FIIs significantly added two times PUT long positions in Index compare to short positions. FIIs are heavily short in stock futures and hedged their positions using call & put options. DIIs (Mild Bullish ): DII sold in cash for -85 Crores. DIIs have reduced their positions in Index & future contracts. PRO ( Bearish ): Pro traders have reduced their long index & stock future contracts and heavily wrote call options in index & stocks. CLIENT ( Bullish ): Retail traders significantly reduced their long future contract positions in index & stocks. Heavily wrote call options in index, bought puts & calls hedge their position Overall, shall we continue to expect high volatility for next few days? Shall we look for sell on rise opportunities based negative cues? or Is market is taking few steps back for bigger move towards all time high? We are getting close to important support level . Please do watch it carefully to avoid getting into bears trap at lower levels & bulls trap on bounces. PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY WITH STRICT SL (STOP LOSS) & MAXIMISE YOUR PROFIT USING TRAILING SL. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Nifty Important levels and trade plan for Tuesday 23.08.22On Daily time frame Nifty is bearish now, with RSI closing at 60 level today. And probably tomorrow we may expect to see a halt in this downtrend. If we see the OI data graph, 17500 has highest OI, in PE side, and in CE side 18000 has highest OI followed by 17600. Based on which we may expect that tomorrow we may expect to see formation of a doji candle in daily time frame, if Nifty sustains above today’s low. Breaking of this low means we may again expect to see a free fall in Nifty So, for Nifty opening above 17470, after a candle closing bellow this level, we may go for bearish trade, but for gap down opening, between support levels we will wait for nifty to reach any particular important level and then only we may take decision. For huge gap down opening, near any support level we may take a bullish reversal trade for scalping, with a very tight and small stop loss. Now, the range between 17470 to 17600 will be my no trade zone for tomorrow. Will take a bullish trade after nifty crossing the top of this zone only, with very small stop loss. For tomorrow, for either direction will prefer option selling over buying, or may be depending on the situation a non-directional trade also. Daily Central Pivot Range from 17578 to 17520 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 22nd August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade plan for Monday, 22.08.22In last working day Nifty had taken the awaited retracement and took support at the trend line. (here marked in color blue) with RSI corrected to 71 in daily time frame. Below this trend line, on daily time frame Nifty will be considered as bearish, as on weekly time frame is in correction mode. SGX Nifty currently 85-point negative as compared to closing of Nifty on Friday, and we may expect a continuation of this trend further tomorrow. So, for tomorrow we will consider Flat, gap down and huge gap down opening scenarios only, with no trade zone ranging from 17848 to 17682 For flat opening, we are going to take trade after Nifty crossing either side of no trade zone, in the chart marked in red and green rectangle, depending upon the opening level, we may need to wait for price action to complete before entering into a trade. Similarly, a gap down opening below no trade zone (green colored box) with one single red candle we may enter into a bearish trade. 17597, 17555, 17490, 17401 being the targets. For huge gap down opening, depending upon the conditions, we may enter into a bullish trade, or may wait for initial settlement, and then enter into a trade. OI chart is showing full bearishness in the market, With huge OI present at 17900 and 18000 in CE side, but importantly no considerable OI is found in PE side, with only long build up in near OTM levels. Below are the important levels for tomorrow Daily Central Pivot Range from 17851 to 17789 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 21st August, 6:20 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone. A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles. The market has been in green for last 4 weeks and a retracement is pending. Nifty on the hourly time frame has started trading below its 20 DMA and closed below it. On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema. Support :- 17710, 17634, 17540 Resistance :- 17830, 17960 Wait for the price action near the levels before entering the markets
NSE:NIFTY
by Mambotrade
Nifty Levels for 22/02/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed below 20 EMA and VWAP level. Negative crossover in Nifty. We had a highly volatile day. PCR shifted from 1.2 to 0.69 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29. Highest open interest on call side at 18000. However call writing increased significantly below 18000 level Highest open interest on put side at 17000. However heavy short covering and OI reduced significantly on lower side. Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Nifty snaps 3 days of rally and closed the gap in one day itself. FIIs, DIIs & other participants derivative data analysis: FIIs: FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking DIIs: DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling PRO: Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts. RETAIL/HNI: Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts. Shall we look for sell on rise opportunities? or Is market is taking few steps back for bigger move towards all time high? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels for 19/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed near day's high above 20 & 50 EMA and VWAP level. Today, we had a highly volatile day. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%. Highest open interest on call side at 18000 Hifty highest open interest on put side at 17000 FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today. Dow Jones and Nasdaq flat at this point of time. Please do review closing Index data for tomorrow's trade. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta