Nifty 50 - Compound-ing with Price actionA few psychological levels if Nifty turns bearish. Expecting pullbacks / rangebound at these levels
Niftyview
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!
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!
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!
Nifty intraday LevelAs per the Analysis for the intraday Trading and holding hr position on the Nifty should cross 17580 level to considered as bullish on the nest trading session.
For option traders its better to hold positions if taken until Nifty crosses this level and have strict SL of 17450 if goes below this then it will take time to recover and at this time we also need to see the volatility in the market that should sustain above 20 India VIX
NIFTY50*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Only for educations purpose.
Nifty Levels for 12/08/2022Dear 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 is quickly reached long term resistance level. Today buying volumes were low after gap-up. All positives are factored in. Is profit booking expected at this level? Is buying on dips going to be better strategy for Friday's trade?
NIFTY 50 AT RESISTANCENifty 50 has seen remarkable move since June 2022 from 15200 levels to 17700.
Currently it has reached at a price area
, where it could struggle for a while.
Today's Price Action
1. Opens gap up, did not sustain, closes near its low.
2. Rsi is also overbought, though no sign of weakness.
We may see nifty going sideways for a while.
Immediate Support @ 17400 - 17200
Nifty Levels for 10/08/2022Dear 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 is ignoring the global issues and quickly approaching long term resistance level with strong buying support from Bulls. Nifty is trading above all important averages and VWAP. Is buy on dips going to be better strategy till Nifty shows signs of weakness and start trading below important moving averages?????
Have a profitable day ahead!
Nifty Levels for 08/Aug/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 flat in slight green. Max OI on call side is at 18000 and on put side at 17000 for 11/Aug expiry. PCR is in bearish zone. Nasdaq closed in Red. Is dip in Nifty going to be buying opportunity or long term investor should wait for better opportunities?
Nifty Future Level of 21000. Is it feasible for growing economy?Dear 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
Interesting Nifty future Level by FY2023-24: 21000
More than 20% conservative returns within 2 years.
Is it feasible for growing emerging Indian economy looking at Indian GDP amid global issues?
Please do share your ideas. Thanks
Nifty Index (SPOT) Levels for 05/08/2022 Dear 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 is looking weak ahead of RBI's meeting in India. Heavy call writing is done today for 11/Aug next week expiry. Put side: Long buildup with hedge for next week expiry. Overall derivative data turned from bullish to bearish within a day. Buying volumes are low. Pull backs were immediately sold today. Bears are trying hard to take over the control back. Shall we look for sell on rise strategy for tomorrow? RBI's policy and USA expiry data will be very important for tomorrow's direction.
Nifty levels for 04/08/2022Dear 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
Is Nifty in hurry to touch long term resistance zone? Or Will global issues trap Bulls?
Nifty 50 Index levels for 03/08/2022Dear 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
Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
Nifty Levels for 02/08/2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. 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 EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty is quickly approaching long term resistance zone . Nifty PCR already entered in Highly Over Bought Zone. Today India VIX jumped up by 5.65%. Max OI on call side is at 17500. Max OI on put side is at 16500.
Is it a good time to book profit and wait for buy on dips opportunities ? Please review and respond with your views. Many thanks.
Nifty daily analysisMarket is bullish,
if market opens sideways then buy
if market opens gapup then wait for futher price-action
sell only half quantity only after price-action
Nifty retracement possibilities
As long as 16800 is holding nifty can reach 17400 level
On closing basis closing below 16800 will trigger fresh selling
Nifty Positional - Learning how channel pattern works1) This post is to learn how channel work.
2) Try to analyses how it work.
3) Money management is more important that analysis.
4) Never average losing trades.
5) You should have setup/ reason before taking trade.
6)Think about in term of risk and reward.
Nifty 50 - Support and Resistance - For education purpose Nifty 50 - Support and Resistance for 25 July 2022
Nifty analysis- for educational purposeAlways take trade with risk and reward.
Those who are new to option can trade next week option as decay will be normal.
Nifty daily analysisIF market opens sideways and crosses the previous day close then we can buy
Sell below yesterday's low or support line.
Nifty Intraday View 14th July 2022Long above 16052, Keep trailing profits on the drawn resistances, SL 15980
Short below 15985, Keep trailing profits on the drawn support, SL 16055
You can do scalping on the mentioned lines.
Nifty Intraday View 13th July 2022Long above 16095, Keep Trailing profits as per the mentioned resistances. SL - 15990
Short below 15990, Keep trailing profits as per the mentioned supports. SL 16100
You can use the mentioned lines for scalping.
NOTE : Please don't jump into the market as soon as it open. Understand the trend and then only enter the trade.
