Nifty and Bank Nifty Levels for 21 OctGood morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 21 Oct 2022
SGX NIFTY is indicating a Flat opening
- SGX NIFTY is trading at 17496 down by -24 points
- US futures are in Red
- ASIAN Market is in Red
- USDINR at 82.82
In Nifty 17500 PE and 17500 CE
Also added OI at Far OTM
have high Open Interest in weekly
In BankNifty 40000 PE and 40000 CE
Also added OI at Far OTM
have high Open Interest in weekly
Asia-Pac Equity Markets Begin Subdued As The Region Takes Its Cue From The Negative Lead From The US Where Stocks Reversed Initial Gains Amid Continued Upside In Yields; ASX 200 (-0.9%), Nikkei 225 (-0.4%), KOSPI (-0.2%)
Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel
STOCKS TO WATCH: AXIS BANK, TATA CONSUMER, COFORGE, UBL, ITC, L&T FIN, HAL, DYNAMATIC TECH, DIXON TECH, ICICI SEC, UTI AMC, KEI IND, SUZLON, IEX, BAJAJ FINANCE, SHRIRAM TRANSPORT, AARTI DRUGS
Earnings Today: Amber Ent, Ambuja Cements, Atul, Bajaj Finserv, Bajaj Hold, Birla Soft, Car Trade, Century Enka, Chalet Hotels, CreditAccess, CRISIL, CSB Bank, DLF, Finolex Ind, Garware Technic, Glenmark Life, GNA Axles, HDFC Life, Hind Zinc, HUL, IDBI Bank, IRB Infra, JK Bank, JSW Steel, Jubilant Pharmo, Kewal Kiran, Kokuyo Camlin, Laurus Labs, Meghmani Organic, Motilal Oswal, Nacl Ind, PNB Gilts, Poonawalla Fin, Ramkrishna Forge, Rane Madras, Rattan Power, Reliance, Route, S H Kelkar, Sasken Tech, SBI Life, Shanti Gears, Sharda Crop, Tata Steel Long, Tejas Networks, Tips Ind, Torrent Pharma, United Spirits, Vip Ind
Niftyindia
NIFTY 50 for tomorrow - 21 October 2022Nifty opens the gap down below the support of 17500 and moved all the way to 17421-17400 to find the support.
It formed a bullish candle at the support indicating strength in the index and moved all the way to 17600 levels.
For tomorrow if it opens gap up above 17600, it might move towards 17700-17720.
Though if it opens flat or gaps down, it might test 17400 again.
So the nifty does look sideways
upper range: 17600
lower-range 17400
For me buy on dips near support levels
Nifty and Bank Nifty Levels for 20 Oct 2022SGX NIFTY is indicating a Gap down opening
👉 SGX NIFTY is trading at 17350 down by 153 points
👉 US futures are in Red
👉 ASIAN Market is in Red
👉 USDINR at 83.00
In Nifty 17000 PE and 17600 CE have high Open Interest in weekly
In BankNifty 40000 PE and 40500 CE have high Open Interest in weekly
Asia-Pac Equity Markets Are Negative Following The Weak Handover From Wall St Owing To The Higher Yield Environment As Global Inflationary Headwinds Offset Earnings Momentum; ASX 200 (-1.0%), Nikkei 225 (-1.1%), KOSPI (-0.6%)
Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel
Earnings Today: Aarti Drugs, Aavas Financier, Asian Paints, Axis Bank, Bajaj Finance, Bharat Wire, Canara Bank, Central Bank, Coforge, Colgate, Control Print, Dixon Tech, Embassy Office, Eris Life, Eris Life, Granules India, Guj Ind Power, Happiest Minds, ICICI Sec, ICRA, IEX, ITC, KEI Ind, L&T Finance, Lakshmi Machine, Mastek, Meghmani Fine, Menon Bearings, Mphasis, Nath Bio-Genes, Nazara Tech, Nelco, Som Distilleries, Symphony, Tanla Platforms, Tata Consumer, Union Bank, United Breweries, UTI AMC, Zensar Tech
STOCKS TO WATCH: KAVERI SEED, FILATEX INDIA, AU SMALL, MAH SCOOTERS, PERSISTENT SYSTEMS, JINDALSTEL, NLC, METRO BRANDS, RALLIS INDIA, INDUSIND BANK, NIPPON LIFE, SHOPPERS STOP, KOTAK BANK, TATA MOTORS, MAX FIN, BEL, IIFL WEALTH, DCM SHRIRAM, HAVELLS, SAGAR CEMENTS, RCF, LUPIN
Nifty Weekly ChartA trendline from the last year's 2021 October highs is where Nifty is facing resistance right now.
Once this is crossed then the immediate resistance will be recent highs which is at 18100.
If it couldn't sustain then Nifty might see 16300 again.
This week's closing candle can give us a clear picture of the upcoming Nifty move.
Watch out for upcoming moves.
NSE:NIFTY
Nifty Levels & Strategy for 20/Oct/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 started on an excellent note. Later, profit booking brought it down and finally Nifty closed flat & only 25 points up. FIIs who were buying from last few days has suddenly turned bearish as retail traders started showing buying interest. Both are working mostly in opposite directions. Big players have access to retail traders data and they are positioning accordingly therefore majority of the retail trader should work very carefully and focus more on learning. Today, US market has trading in red. Retail traders should wait for good quality opportunities.
NIFTY SCORECARD DATED 19/OCT/2022
NIFTY IS UP BY 25 POINTS
Name Price Previous Day Change % Change
Nifty 17512 17487 25.30 0.14%
India VIX 17.49 17.45 0.03 0.20%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17600 (Open Interest: 8788800, CE LTP: 28)
Max OI (Puts) 17000 (Open Interest: 8095750, PE LTP: 1.9)
PCR 1.01 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Liquidation, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Long Liquidation, ITM:Short Buildup, FAR OTM:Long Liquidation
Tomorrow's expiry is likely to be volatile. Bulls as well as Bears are likely to get decent profit making opportunities. What should we do? Shall we buy on dips & sell on rise with strict SL in case we get good tradesetup. Yes, I think so. What are your thoughts?
Nifty and Bank Nifty Levels on 19 Oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 19 Oct 2022
SGX NIFTY is indicating a Flat opening
👉 SGX NIFTY is trading at 17520 up by 25 points
👉 US futures are in Green
👉 ASIAN Market is in Green
👉 USDINR at 82.28
In Nifty 17400 PE and 17500 CE have high Open Interest in weekly
In BankNifty 40000 PE and 40500 CE have high Open Interest in weekly
👉 Asia-Pac Stocks Lack Firm Direction After The Choppy Performance Stateside, While US Equity Futures Are Propped Up Following The Earnings Beat By Netflix And United Airlines After Hours; ASX 200 (+0.3%), Nikkei 225 (+0.2%), KOSPI (-0.2%)
👉 Stocks Ban In F&O: Bhel, Delta Corp, Indiabulls Hsg, India Cement, Zeel
👉 Earnings Today: 5Paisa, Accelya Kale, Agro Tech Foods, AU Small, CG Power, DB Corp, DCM Shriram, Hatsun Agro, Havells, HDFC AMC, Home First, IndusInd Bank, Inox Leisure, JK Agri, Jhonson Control, K.P Energy, Mah Scooters, Max Financial, Metro Brands, Navin Fluorine, Nestle, Nippon, Oracle Fin, Persistent, Rallis India, Rane Brake, Sagar Cement, Shemaroo Ent, Shoppers Stop, Ultratech Cement
Nifty Levels & Strategy for 19/Oct/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
Bullish run continued in Nifty . F&O data clearly indicating that Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 18/OCT/2022
NIFTY IS UP BY 175 POINTS
Name Price Previous Day Change % Change
Nifty 17487 17312 175.15 1.01%
India VIX 17.45 18.42 -0.97 -5.24%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17500 (Open Interest: 8105000, CE LTP: 84)
Max OI (Puts) 17000 (Open Interest: 8038550, PE LTP: 6.4)
PCR 1.13 (PCR is in buying Zone)
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
NIFTY 50 for tomorrow - 19 October 2022Nifty opened above the resistance zone , as we discussed in yesterday's post.
We saw a good move in the first hour forming a bull candle.
Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session.
Expectation for tomorrow
- Might open flat or gap up
- Move towards 17530 - 17560
- if opens gap up above 17530, the price would move fast towards 17630- 17650
Immediate support 17400- 17420
Today's closing 17490
Nifty Levels & Strategy for 18/Oct/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 has performed really well. Nifty as well as Bank Nifty range is slowly shifting in upward direction. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction & work level by level with strict stoploss.
We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 17/OCT/2022
NIFTY IS UP BY 126 POINTS
Name Price Previous Day Change % Change
Nifty 17312 17186 126.10 0.73%
India VIX 18.42 18.26 0.16 0.88%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 17300 (Open Interest: 6779000, CE LTP: 127.85)
Max OI (Puts) 17000 (Open Interest: 6134000, PE LTP: 33.85)
PCR 1 (PCR is in sideways zone )
Nifty Calls:
ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY FOR TOMMOROW - 17-Oct-2022Nifty opened slightly gap down.
Recovered right from the opening
Closed near day's High.
Considering the opening, follow-up moves, and closing, the price did well today, suggesting it might open flat or gap up tomorrow.
Volatility is still on the cards
Today's Close: 17311 ( closed at RZ)
Immediate resistance at 17310 -17400.
Immediate Support at 17240- 17180
Tomorrow's opening will decide the fate of further price action
Further Resistance: 17500-17530
Further Support: 17000
Nifty levels for 17 Oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 17 Oct 2022
SGX NIFTY is indicating a negative opening
👉 SGX NIFTY is trading at 17079 down by 134 points
👉 US futures are in Green
👉 ASIAN Market is in Red
👉 USDINR at 82.34
In Nifty 17000 PE and 17300 CE have high Open Interest in weekly
In BankNifty 33900 PE and 39500 CE have high Open Interest in weekly
👉 Asian Stocks Are Negative After Friday's Declines On Wall St Where Risk Assets Were Hit By Inflationary Concerns, While The Region Also Digests Hawkish Global Central Bank Rhetoric And China Sticking To Its Strict COVID Policy; ASX 200 (-1.4%), Nikkei 225 (-1.1%), KOSPI (-1.2%)
👉 STOCKS TO WATCH:
DMART, HDFC BANK, L&T INFO, GARWARE TECH, BAJAJ AUTO, TATA ELXSI, JUST DIAL, DBL, BIRLA CORP, DLF, NBCC, ANSAL PROP, ADANI PORTS, ICICI PRU, SHREE CEMENT, NARAYANA HRUD, OLECTRA GREEN, TATA POWER, VOLTAMP TRANSFORMERS
👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg, India Cement
Index @ a crucial level #Nifty - Last Friday Nifty broke out from the trendline but open with a gap and failed to hold at higher levels. Today its preparing to open near support of 17070.
If the index took support @ 17k range and bounced then it can be considered as retes. Levels on highers side - 17160, 17270, 17350 & 17420
On down side Supports - 17070, 16950, 16775
#Note - The idea is shared for educational purpose and not a trade recommendation, Please trade after consulting your trade advisor. We don't give any assurance of profit or loss.
Nifty Levels & Strategy for 17/Oct/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 simply followed the US market & jumped up 1.01%. Nifty consolidated throughout the day after initial gap-up & offered an excellent opportunity to option writers. Nifty corrected due to profit booking & closed above the major support level. We have very interesting data setup for tomorrow. US markets closed in red so we are likely to start with a mild gap-down. FIIs have heavily added long positions in F&O so we should expect a bounce back from lower level. Later, we can work based on good quality trade setups. This indicates bulls as well as bears will get opportunities.
Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 14/OCT/2022
NIFTY IS UP BY 171 POINTS
Name Price Previous Day Change % Change
Nifty 17186 17014 171.35 1.01%
India VIX 18.26 20.29 -2.03 -10.02%
OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 6346850, CE LTP: 2.6)
Max OI (Puts) 16500 (Open Interest: 3353700, PE LTP: 7)
PCR 0.67 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
Nifty Levels for 14 Oct 2022Good morning 🌞
Have a profitable day 💰👍🏻
Morning Market Update 14 Oct 2022
SGX NIFTY is indicating a Positive opening
👉 SGX NIFTY is trading at 17252 up by 295 points
👉 US futures are in Green
👉 ASIAN Market is in Green
👉 USDINR at 82.18
In Nifty 17000 PE and 17000 CE have high Open Interest in weekly
In BankNifty 38500 PE and 39000 CE have high Open Interest in weekly
👉 Asia-Pac Stocks Are Higher And Take Impetus From The Gains On Wall St Which Staged An Aggressive Comeback Amid Several Factors Including A Dovish ECB Staff Model View, UK U-Turn Speculation And A Touted Short Squeeze; ASX 200 (+1.5%), Nikkei 225 (+2.3%), KOSPI (+1.5%)
👉 STOCKS TO WATCH:
INFOSYS, ANGEL ONE, POWER MECH, MINDTREE, COAL, HDFC LIFE, CYIENT, ANAND RATHI, DEN NETWORKS, TATA STEEL LONG, RELIANCE, KPI GREEN
👉 Stocks Ban In F&O: Delta Corp, Indiabulls Hsg
My view today 👇
we can see some profit booking in first 1 hour. Nifty above 17280 levels is good for longs and Bank Nifty 39300 levels above is good for longs
Nifty Levels & Strategy for 12/Oct/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 continued to slide down. Today, again traders got buy on dips & sell on rise opportunities. Today also FIIs continued with their heavy selling in cash as well as F&O segments. Trader who traded patiently and waited for right trade setup then working level by level based on technical indicators were profitable today. (e.g. Breakdown trade below VWAP in 12:15pm candle worked really well).
Today US markets are trading in green. Let us hope for a pull back from lower levels. If FIIs/Big players do profit booking at lower levels then Indian indices will jump up in no time & bears may get trapped easily. Retail traders should trade only in monthly options with strict SL.
Shall we continue with sell on rise near resistance levels and buy on dips near major support levels????? Yes, I think so. What do you think?????
NIFTY SCORECARD DATED 11/OCT/2022
NIFTY IS DOWN BY -257 POINTS
Name Price Previous Day Change % Change
Nifty 16984 17241 -257.45 -1.49%
India VIX 20.49 19.62 0.87 4.42%
OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA
Max OI (Calls) 17200 (Open Interest: 8991500, CE LTP: 35.5)
Max OI (Puts) 16000 (Open Interest: 5110100, PE LTP: 1.05)
PCR 0.52 (PCR is in highly oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Covering
Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NIFTY 50 NOT IN RECESSION!! DETAILED ANALYSISi have used a great colour to present my analysis.
so please go through the colours carefully.
INDIA is clearly not in recession, this makes us to understand its bottom point. lets start:
THE TWO BLUE LINES: represents the trend followed by NIFTY post corona's bull run.
and through drawing the PURPLE LINE, i have marked the bottom, and its area(sorry for the bad drawings :p)
i had followed the analysis by describing how that point i have marked is the recession point.
have a look at ORANGE LINE, its the bull run trend. after the bull run completed markets have consolidated(THE ORANGE CIRCLE)
FII entering in INDIAN markets made nifty to rise a more(till the orange circle)
DEFINING more about, THE ORANGE LINE, past from 23rd march till 12th April, nifty was on left side of the orange line, after that it came to other side. just a short observation of saying bull run got completed. (arrows are drawn have a good look).
THE TWO GREEN LINES are the support lines. now have a look at THE PURPLE ARCS. INDIA was not in a recession from the start so, it has just touched its support line, and never entered in recession. the same situation is now too.
check, THE DARK BLACK LINE, its the support line(which is supported many a times).
FINALLY, i conclude my analysis, where i have described how and where nifty 50 is in its position. i will post soon about its further trend lines(resistance and support).. stay connected!!
Market Outlook plus Short Term Resistance and Supports for NIFTYNifty is very delicately standing between a strong support and resistance. There are very big chances that it will break free next week in one direction. Looking at global factors and other indicators it seems that Nifty will break out on the negative side or at least it might start the week on a negative side.
Major Supports: 17274 (this is a major support but might not work or support nifty if we have a gap down opening on Monday.) Other major supports will be 17010, 16951 and 16896. Below 16896 we can see a free fall up to 16749 or 16309.
Major Resistance: 17430 is a mega resistance as of now. Above 17430 we can see a bullish move till 17626 or 17961.