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Niftyindia

Nifty could not hold above 50 hours EMA.Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week. Supports : 17484, 17346, 17246 and finally 17021. Below this level we can see a free fall towards 16900-16445. Resistances : 17625, 17719 and 17988.
NSE:NIFTY
by Happy_Candles_Investment
Nifty levels for 26/08/2022Dear 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 down by -82.5 points. Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted below from 0.84 to 0.76 which is still in bearish zone. Highest open interest on call side at 18500 (Shifted up from 18000 to 18500) Highest open interest on put side at 17000 (Remained same at 17000) BANK NIFTY Bank Nifty is down by -88 points. Bank Nifty closed near day’s low, below 20 EMA, VWAP levels. Once again, we had a highly volatile day. PCR shifted down from 1.08 to 0.66 which is now back in bearish zone. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) – BULLS GOT TRAPPED Shall we expect trending market tomorrow after Jackson Hole meeting outcome? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
NIFTY 50 for tomorrow - 26 August 2022Opens Gap up @ 17679 (Prev close: 17604). Closed near its low-forming Bear Candle. Took Resistance at previous Falling Gap. RSI @ 59.75 Price Action expectation Tomorrow Price may open a gap up or gap down. If opens a gap up, will be an opportunity to short. If opens Gap down, one needs to wait for the first 15 min price action, and act accordingly, though the structure is looking weak, I would most likely be looking to short if any short- setup develops. Immediate Support at 17370 - 17320 Immediate Resistance at 17615-17630
NSE:NIFTYShort
by manuagarwal21
Nifty Levels for 25/08/2022Dear 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 slightly up by 27 points. Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR remained flat from 0.83 to 0.84 which is still in bearish zone. Nifty hourly chart has formed flag & pole pattern which is also indicating bearish price action on chart. Highest open interest on call side at 18000 (Same as yesterday) Highest open interest on put side at 17000 (Shifted down from 17500) BANK NIFTY Bank Nifty is further up by 341 points. Bank Nifty closed above 20 EMA, VWAP level near day’s high. Once again, we had a highly volatile day. PCR shifted up from 0.90 to 1.08 which is now back in bullish zone. Highest open interest on call side at 40000 (Remained same as yesterday) Highest open interest on put side at 38000 (Shifted down from 38500 to 38000) Shall we continue to expect high volatility till outcome of Jackson Hole meeting? Shall we look for buy on dips and sell on rise opportunities with suitable SL/TSL? Please do share your comments. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
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 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 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 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
Nifty Levels for 18/08/2022Dear 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 once above 20 & 50 EMA and VWAP level. PCR (1.29) is in bullish zone. Indix VIX closed flat. Nifty highest open interest on call side at 18000 Nifty highest open interest on put side at 17800 FIIs did buying of 6729 Crores but they bought 42826 Puts contracts (Net) in Index and sold 13647 stock futures contracts. Does it mean, FIIs will start selling again. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Retail traders are heavily short in Index as well stocks. Dow Jones is down 200 plus points and Nasdaq is down 100 plus points at this point of time. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 17/08/2022Dear 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 took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Nifty highest open interest on call side at 17800 Nifty highest open interest on put side at 17700 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 16/08/2022Dear 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 was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking? Will Nifty offer us buy on dips opportunities? Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap? Wish you all a profitable trading day ahead!
NSE:NIFTY
by manishmgupta