Niftyview
NIFTY: Will be able to enter in Bull Zone?NIFTY : bounce perfectly as mentioned last time, 23rd Dec : we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
26th Dec: What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
27th Dec: Nifty it trying to catch our Bull zone levels marked in chart.....Lets see tomorrow what will happened after it touch our Bull zone level. Thursday we would have more idea on Nifty. Keep watch.
It will motivate me to pose more analysis if you can Like, Share, Comment.
Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
NIFTY : perfect review NIFTY : bounce perfectly as mentioned last time, we would require engulf candle Monday to sustain and Today we have Bullish engulf candle on chart. :)
What Next: after creating Engulf still some level is pending for Nifty to back to his bull zone. Zone is marked in charts. lets wait & watch.
It will motivate me to pose more analysis if you can Like, Share, Comment.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty Hourly Trade Plan for 22 Dec 2022Nifty Hourly Trade Plan for 22 Dec 2022
Hourly Trend - Down
Scenario 1 : Gap up
Action - Wait for Upper resistance levels to Short for the target of lower end of the channel
Scenario 2 : Gap Down
Action - Wait for lower support levels to buy for the target of mid range of the downward channel and Short again for the lower end of the channel
Why 18380 is historically critical for NIFTY50Look at all other instances of trending up-runs. During a 'pullback' what constitutes a 'pullback' and what is a 'change in trend'?
It's 0.236 of Fibonacci - you fall below it, you are bound to touch 0.5 at least, so any close below 18380 gives you 17800 as a target to start acquiring. No need to short if you are not confident, but you can book minor profits as your prepare for tax season.
Keep levels simple - keep one level 18380, dont complicate when not necessary!
Cheers
Homework - Draw Fibonacci for all NIFTY runs from 2017-2022, and see what happens when weekly closes below 0.236. How many times it goes to 0.5?
A. More than 70%
B. More than 80%
C. More than 90%
D. 100% of the times
Nifty Levels & Strategy for 08/Dec/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: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 07/DEC/2022
NIFTY IS DOWN BY -82 POINTS
Name Price Previous Day Change % Change
Nifty 18561 18643 -82.25 -0.44%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 18800 (Open Interest: 11733750, CE LTP: 6)
Max OI (Puts) 18500 (Open Interest: 6500400, PE LTP: 23.4)
PCR 0.55 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Pin Point prediction Of Bank Nifty For 6-12-22Hello Traders,
This post provides you the levels , I shared for today's trading where every action and reaction price used the se marking. Iy means you had the idea where market is going to take support and resistance . How to trade with these marking a detailed trade plan was discussed, check below. To make your trading easy , I share every day markings and trade plan. Hope you would find it easy to understand .
Yogesh vats