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Nifty Levels & Strategy for 25/Nov/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 it's journey in forward direction & now looking all set for making new lifetime high. Nifty started action with gap-up , mild profit booking, breakout above open price, consolidation through out the day & finally break-out above 18400. Bulls have clearly dominated the show. Volatility is quite low. US Dollar Index has corrected significantly. Brent crude is trading around $85 which is quite good for India. All factors are positive. We have seen significantly rally from lower levels. Is it really a bear market rally????? New longs in ATM/OTM/ITM calls & Put writing in all types is clearly indicating strength towards long side. Today option buyers who waited patiently for breakout or breakdown opportunity were rewarded. Retail traders need wait patiently for good quality setup & simply replicate profit making trades again & again. Retail traders should continue to trade with caution near new lifetime high, buy on dips with hedge & book limited profit at higher level or loss at lower level. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 24/NOV/2022 NIFTY IS UP BY 217 POINTS Name Price Previous Day Change % Change Nifty 18484 18267 216.85 1.19% India VIX 13.48 14.04 -0.56 -4.02% OPTION STATISTICS BASED ON 01/DEC/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 3969050, CE LTP: 272) Max OI (Puts) 18300 (Open Interest: 6962750, PE LTP: 32.75) PCR 1.28 (PCR is in buying Zone) Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
Nifty Levels & Strategy for 23/Nov/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 trade in small range. Big players have significantly reduced their long as well as short positions. F&O action - new longs & short covering in calls & put writing (ATM/OTM) is indicating mild strength in Nifty . Overall, Bulls Vs Bears positions with positive bias are pretty much balanced with highest OI in CE (18300) & PE (18200). However, we should continue to book profit at higher level. Please find below scorecard, PCR update & options statistics for your reference: NIFTY SCORECARD DATED 22/NOV/2022 NIFTY IS UP BY 84 POINTS Name Price Previous Day Change % Change Nifty 18244 18160 84.25 0.46% India VIX 13.84 14.80 -0.95 -6.45% OPTION STATISTICS BASED ON 24/NOV/2022 EXPIRY DATA Max OI (Calls) 18300 (Open Interest: 10665950, CE LTP: 52.55) Max OI (Puts) 18200 (Open Interest: 9299850, PE LTP: 27.55) PCR 0.86 (PCR is in bearish zone) Nifty Calls: ATM: Long Buildup, OTM:Long Liquidation, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
NSE:NIFTY
by manishmgupta
Nifty Outlook 21st November to 25th November 2022Market Outlook : Market gave a good close on Friday after testing the support around 18029 levels. The close above 18300 is an indication of good strength. Mid-Cap and Small-Cap stocks are staring to looks oversold and might start to form bottom in a week or Two. Nifty has formed a perfect ‘Doji’ candle showing indecisiveness and can break out on either side. Nifty will be very bullish and go towards All time high above the levels of 18446. Nifty can also break down and search for more supports below 18205 levels. Important Resistances : 18446 and 18604. Important Supports : 18205 and 17969.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Levels & Strategy for 16/Nov/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 is slowly & firmly inching towards new lifetime high after decent consolidation. Today short covering in ATM & mild buying lifted the Nifty beyond 18400 plus level. Nifty is trading with positive bias. However, retail traders should continue to book profit near 52W high level and stay light & look for good quality trade setup. Shall we look for buy on dips opportunities near major support levels?????? Yes, I think so till the trend is positive. Please find below scorecard & options statistics. NIFTY SCORECARD DATED 15/NOV/2022 NIFTY IS UP BY 74 POINTS Name Price Previous Day Change % Change Nifty 18403 18329 74.25 0.41% India VIX 14.64 14.91 -0.27 -1.84% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 7339350, CE LTP: 0.9) Max OI (Puts) 18300 (Open Interest: 8316150, PE LTP: 24) PCR 1.15 (PCR is in buying Zone) Nifty Calls: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
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.
NSE:NIFTY
by TheStocktrader_Skn
Nifty daily analysis for 12/10/22Nifty on the daily time frame has formed a bearish engulfing candle. The markets opened flat and remained for selling whole day. Nifty tried to recover after the initial fall but in the second half huge sell off was there. On the hourly time frame, nifty took resistance from the 20 ema and a nice sell candle can be seen in the closing hour of the market. In the first 15 minute candle, the market broke its 20 and 200 ema and took resistance from the levels. A bearish moving average cross over is also there. The market has closed below the support level of 17k and another red candle can be there, if the market has decided its trend. Support :- 16920, 16840,16750 Resistance:- 16990-17000, 17065, 17170 The market has clearly give an engulfing candle and as per the technicals it can be a signal of a bearish market. Wait for the price action near the levels before entering the markets. Watch for the trend to continue for a swing/positional trades.
NSE:NIFTY
by TheMamboMomentum
Nifty Levels & Strategy for 10/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 closed almost flat (-17 points) in red zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts? NIFTY SCORECARD DATED 07/OCT/2022 NIFTY IS DOWN BY -17 POINTS Name Price Previous Day Change % Change Nifty 17315 17332 -17.15 -0.10% India VIX 18.81 19.32 -0.50 -2.60% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 7713450, CE LTP: 2.45) Max OI (Puts) 17000 (Open Interest: 4349600, PE LTP: 39.85) PCR 0.77 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
5
Nifty daily analysis for 06/10/22.Nifty after the initial gap up remained silent and moved slowly gaining around 400 points. The market has crossed and closed above the 17270 level. On the hourly time frame, the index opened above the 20 ema and remained between both the emas. There is a bullish moving average cross over on a 15 minute time frame. Support :- 16840, 16750, 16650 Resistance :- 16920, 16990-17000 The gap ups/downs are not giving much opportunity for the trend follower as there is no clear trend. Wait and watch the price action near the levels before trading the market.
NSE:NIFTY
by TheMamboMomentum
Tuesday Market Outlook / Nifty Outlook For Reminder of the weekNifty is trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis. Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461. Resistance for spot Nifty on the upper side will be at 17270, 17435, 17646 and finally 17910.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty daily analysis for 04/10/22Nifty on the daily time frame has given a negative candle and has closed 200 points lower. The market has taken support from its 200 DMA and has closed near the level. On the hourly time frame, the market remained for selling. Though, the market tried to hold the 17000 level, but in the second half a huge sell off broke the level and even traded below the 20 ema. The market has formed an inside candle and closed below both the moving averages. Support :- 16840, 16770, 16650 Resistance:- 17000, 17065 As predicted the markets are still in a bearish territory and couldn't hold above the 17000 level. Wait for the price action near the price level before entering the markets.
NSE:NIFTY
by TheMamboMomentum