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NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone. A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles. The market has been in green for last 4 weeks and a retracement is pending. Nifty on the hourly time frame has started trading below its 20 DMA and closed below it. On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema. Support :- 17710, 17634, 17540 Resistance :- 17830, 17960 Wait for the price action near the levels before entering the markets
NSE:NIFTY
by Mambotrade
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
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 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?
NSE:NIFTY
by manishmgupta
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!
NSE:NIFTY
by manishmgupta
3
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?
NSE:NIFTY
by manishmgupta
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
NSE:NIFTY1!
by manishmgupta
2
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.
NSE:NIFTY
by manishmgupta
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?
NSE:NIFTY
by manishmgupta
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.
NSE:NIFTY
by manishmgupta
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.
NSE:NIFTY
by manishmgupta