Niftyindia
NIFTY50 is looking Bullish.🤑 Nifty is likely to be Bullish till it's above 16930.
❓ Reason: Because there is ATM Machine No trade Zone Bottom Point.
🚧 Upside Hurdles: 17100, 17240.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🟢 Long Term Trend is Positive.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
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900 POINTS PROFIT BOOKED, SHORTED AROUND 17710In this video -
1. Position update, booked 900 points profit in NIFTY shorted around 17710.
2. Important levels for coming weeks.
3. Next trade plans and position sizing for same.
Please do like, share & comment.
Also do share your views for coming days & weeks.
Nifty Levels & Strategy for 29/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 in red and below 50 DMA but defended 100 DMA level. Nifty is oversold. As expected, IT stocks started moving up from lower levels. Today also buy on dips and sell on rise strategy worked well. Is higher volatility from last 2 days indicating temporary bottoming process. Today, US market is trading in green. Let us expect a good recovery in next few days from 2 year's low levels. Traders should short/take bearish positions at higher levels with strict SL only otherwise they may get into beartrap.
NIFTY SCORECARD DATED 28/SEP/2022
NIFTY IS DOWN BY -149 POINTS
Name Price Previous Day Change % Change
Nifty 16859 17007 -148.80 -0.87%
India VIX 22.10 21.57 0.53 2.45%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 17000 (Open Interest: 9576050)
Max OI (Puts) 16500 (Open Interest: 6235950)
PCR 0.61 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, 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!
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!
NIFTY Medium Term OutlookNifty is in the process of forming bottom if it is successful then we can see a relief rally for here in case we are not able of make a bottom we may see further slide. Long term projection up to April 2023 shows the following levels:
Resistance Level: 17335, 17799, 18076, 18369 and finally 18600. Best case scenario 20,000+.
Support Level: 16883, 16114, 15175 and finally 14217. Worst case scenario is around 14000.
Nifty Levels & Strategy for 27/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 continued with it's correction and closed below 50 DMA. Overall correction in last one week is really significant. US market has also corrected significantly. Nifty as well Global markets are highly oversold. If IT sector start performing then Nifty may not only defend 200 DMA but also bounce back & close above 50 DMA. FIIs have sold heavily in cash & added bullish positions in F&O. Shall we expect a bounce/relief rally in next few days? Bears should trade carefully to avoid getting into beartrap.
NIFTY SCORECARD DATED 26/SEP/2022
NIFTY IS DOWN BY -311 POINTS
Name Price Previous Day Change % Change
Nifty 17016 17327 -311.05 -1.80%
India VIX 21.89 20.59 1.30 6.31%
OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 10180500)
Max OI (Puts) 16000 (Open Interest: 6384900)
PCR 0.56 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long 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!
NIFTY Buyers trapped - PsychologyIn this video -
1. Market move - Psychological level - Buyers trapped
2. Current trade positions - Trade Management
3. Views for upcoming week - Highly bearish as dip buyers badly trapped
Please do boost, like, share & subscribe.
Also do comment your views for upcoming days / weeks.
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously.
today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves.
therefore this analysis even says that US markets will also recover very soon, and will give its bull run.