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Nifty Levels & Strategy for 07/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts. DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders. NIFTY Nifty is down by just -10.2 points. PCR shifted down from 1.07 ( bullish zone) to 0.87 ( bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side. Highest open interest on call side at 17800 (Shifted down from 18000 to 17800) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 ( bullish zone) to 0.91 ( bearish zone). Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Bank Nifty levels & strategy for 07/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts. DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders. BANK NIFTY Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 (bullish zone) to 0.91 (bearish zone). Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) NIFTY Nifty is down by just -10.2 points. PCR shifted down from 1.07 (bullish zone) to 0.87 (bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side. Highest open interest on call side at 17800 (Shifted down from 18000 to 17800) Highest open interest on put side at 17000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYShort
by manishmgupta
3
Bank Nifty Level & Strategy for 06/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs sold in cash -812 crores and bought in F&O 3862 crores. DIIs bought in cash market 534 crores. FIIs added long positions in F&O Index future & stock contracts and reduced short positions in index put & stock put options. FIIs are bullish on market. DIIs added short contracts in Index future, stock future & stock call option. DIIs are bearish on market. Pro traders followed balanced approach. Pro traders have added short contracts in Index future, stock future & hedged their positions using option contracts. Retail traders have added short contracts in Index future, stock future & index short call. Retail traders also heavy bought index put long & stock put long options except stock call long options. Overall retail traders are highly bearish on the market. May god save retail traders. BANK NIFTY Bank Nifty is up by 385 points. Bank Nifty firmly today. PCR shifted up from 0.91 (bearish zone) to 1.2 (buying zone) amid global issues like US Dollar Index at 20 year high, Russia stopping gas supply to Europe & few more. Highest open interest on call side at 40000 (Shifted up from 39500 to 40000) Highest open interest on put side at 38000 (Remained at same level) Federal Bank denied reports of a likely merger with Kotak Bank (slightly negative for BN). SBI 2700 Crores received dues from Vodafone ahead their planned schedule. I don't trade or recommend Vodafone Idea stock but this news is certainly positive for SBI & therefore Bank Nifty NIFTY Nifty is up by just 126 points. PCR shifted up from 0.80 (bearish zone) to 1.07 (buying zone). Nifty traded sideways after initial gap-up. Nifty is trading near major resistance zone. Let us see if Nifty breaks out above 17777 level and make a move towards 18000 level. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels till it is trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
Is Bank Nifty getting ready for Breakout or Breakdown ??????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 here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. Is Bank Nifty getting ready for Breakout or Breakdown ?????? Later today, I will share Bank Nifty chart with multiple support & resistance levels. Please share your strategy & comments. Many thanks
NSE:BANKNIFTY
by manishmgupta
Reliance Industries (RIL) Level & Strategy for Next Few DaysDear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. Today, RIL traded below major support level . RIL is the biggest heavy weight stock in Nifty . Today, RIL was down by Rs -32.45 (-1.27%) which is a significant change within a day. Today, RIL continued to slide and performed as expected ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices Today, bears successfully brought down the RIL. It will be interesting to watch RIL levels in coming days. Shall we continue to look for sell on rise strategy in RIL amid global issues & increase in windfall tax ????? Friends, please review & share your comments as well. Have a very happy, healthy & profitable day ahead!
NSE:RELIANCE
by manishmgupta
Bank Nifty Levels & Strategy for 05/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is up by 120 points. Bank Nifty remained sideways for most of time. PCR shifted up from 0.84 ( bearish zone) to 0.91 ( bearish zone). Call side OI is daily shifting up & down. Let us see when 38000 will be challenged amid ongoing global issues. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty closed flat & closed by just -3.35 points. PCR shifted from 0.89 ( bearish zone) to 0.80 ( bearish zone). Trading in Nifty was easy & predictable. Nifty has followed the technical setup and gave opportunities to bulls as well bears and finally closed flat. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels till it is trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty levels & strategy for 05/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty closed flat & closed by just -3.35 points. PCR shifted from 0.89 (bearish zone) to 0.80 (bearish zone). Trading in Nifty was easy & predictable. Nifty has followed the technical setup and gave opportunities to bulls as well bears and finally closed flat. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is up by 120 points. Bank Nifty remained sideways for most of time. PCR shifted up from 0.84 (bearish zone) to 0.91 (bearish zone). Call side OI is daily shifting up & down. Let us see when 38000 will be challenged amid ongoing global issues. Highest open interest on call side at 39500 (Shifted down from 40000 to 39500) Highest open interest on put side at 38000 (Remained at same level) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels till it is trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Reliance Industries (RIL) levels & Strategy for Next Few DaysDear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. RIL is trading near major support level. RIL is the biggest heavy weight stock in Nifty. Today Nifty closed in negative -216 points. Today, RIL alone contributed 50 plus points (nearly 1/4 of the total fall in Nifty). Is it going to reverse from here ? or Will RIL continue to slide ? 1. After increase in Windfall Tax 2. Weakness in Crude Oil Prices Please review & share your comments. as well. Have a very happy, healthy & profitable day ahead!
NSE:RELIANCE
by manishmgupta
2
Nifty levels & strategy for 02/Sep/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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 02/Sep/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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is down by -235.5 points. Bank Nifty remained sideways for most of time after initial gap-down & recovery. PCR shifted from 1.54 (overbought zone) to 0.84 (bearish zone). Daily quick swings/sudden changes in OI are making life difficult for option writers. Highest open interest on call side at 40000 (Shifted down from 41000 to 40000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is down by -216.5 points. Today, initially Nifty has given chance to bears as well as bulls for making decent profits who worked level by level in disciplined manner. Later, option writers made good money. A perfect day for a trader who understands technical/OI (open interest) changes well. PCR shifted from 1.3 (bullish zone) to 0.89 (bearish zone). Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 15% SPX, 85% Cash. *BOUNCE WATCH. Equities continued to take a plunge today as Cleveland Fed President Loretta Mester mentioned that she would like to see rates above 4% by year end and for most (if not all) of 2023. In one of my previous analyses I incorrectly mentioned that only three Fed members voted on Federal Funds Rate (FFR), it is in fact 12 Fed members (the 7 governors, the New York Regional Fed President and then 4 alternating Reserve Bank Presidents) which comprise the FOMC and vote on FFR. Loretta Mester is one of them. Markets are eagerly waiting to see the August Unemployment Rate in Friday's Jobs Report, if it comes in flat or lower, 75bps will likely become the preferred option come 09/21. However, if there is an uptick in Unemployment a 50bps rate-hike on 09/21 would still likely be on the table. Additional guidance will be provided by August's CPI on 09/13. Key Upcoming Dates: 9th GDPNow US GDP estimate at 10am EST 09/01 ; August Employment Situation 830am EST 09/02; August CPI at 830am EST 09/13.* Price is currently trending down at $3954 (after breaking below the 50 MA at $4k psychological support) and is technically retesting $3938 minor support. Volume is High and has favored sellers for four consecutive sessions, this is mildly bullish because of the . Parabolic SAR flips bullish at $4190, this margin is mildly bullish at the moment. RSI is currently trending down at 37 and is technically testing the uptrend line from 01/27/22 at 38 support. Stochastic remains bearish and is currently testing max bottom. MACD remains bearish and is currently trending down at -5 with no signs of trough formation as it quickly approaches a test of -11.45 support (which would likely coincide with the uptrend line from March 2020). ADX remains trending sideways at 23 as Price continues to fall, this is neutral at the moment. If Price is able to bounce off of $3938 minor support then it will likely retest the 50 MA as resistance at ~$4k psychological resistance . However, if Price breaks down below $3938 minor support , it will likely retest the lower trendline of the descending channel from August 2021 at ~$3880 as support . Mental Stop Loss: (two consecutive closes above) $4k.
SP:SPX
by dailytaguy
SP500 - Intraday turn points.I have marked out the Intraday turn points fot the FOREXCOM:SPXUSD . Ideal Scenario would see a rally into 4030 @ 00:30 just over half way through the US Session setting up another Sell signal. The other option for this is that it could be a low and mark a reversal. The other Key Time is @ 21:30 this might set in motion the next move higher. This is a time based strategy that can be a low or a high. Lets see hoe this plays out.. This doesnt always work but when you use patterns with it, it can give you an edge.
FOREXCOM:SPX500Short
by L_F
Nifty Levels & Strategy for 01/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA , VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA , VWAP levels. Bank Nifty continued moving up after initial gap-up . Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels with strict SL? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL (Trailing stop loss) and timely exit with market SL (stop loss) & not your own SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 01/09/2022Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty is jumped up by 1260 points. Bank Nifty closed near day’s high, above 20 EMA, VWAP levels. Bank Nifty continued moving up after initial gap-up. Surprisingly, there was no retracement. One of the very rare days. PCR at 1.54 is shifted from oversold zone to overbought zone. Bulls got trapped on 29th Aug & Bears got trapped on 30th Aug. Traders can not work with fixed mindset. We should be dynamic and quick enough in working level by level. We need to study & analyse all inputs and follow market price action. Market is supreme. If our view goes right, then ride on profit using TSL else be quick in taking SL. SL should not be kept in mind. Trader should trade with strict SL and SL order should be place within 60 seconds of placing trade order. Risk:Reward ratio of 1:2 should be maintained which will ensure that we will remain profitable even if our 50% decision goes right. Highest open interest on call side at 41000 (Shifted up from 39500 to 41000) Highest open interest on put side at 38000 (Remained at same level) NIFTY Nifty is up by 446 points (simply mind-blowing, mind-boggling rally within a day). Nifty closed near day’s high, above 20 EMA, VWAP levels. One way move without any red candle on 15 min chart is amazing & shocking for majority of the traders like me. Honestly, I didn’t anticipate such a one-way strong rally specially after heavy selling by FIIs just a day before. I had clear negative bias but finally followed the price action and OI data (heavy put writing & short covering in calls) which really helped me trading in the direction of trend. Overall, I was relatively safe as my overnight positions are always hedged. Today, Indian markets are closed and SGX Nifty is down by 300 plus points at this point of time. Now, are we getting ready for a gap-down? Let us see, how it goes tomorrow as situation may get change over-night? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Remained at same level) Shall we look for sell on rise opportunities near major resistance levels with strict SL? Or Shall we look for buy on dips opportunities near major support levels? Friends, your trading decision should be based on data, price action and your own understanding. Don’t let emotions take-over your trust & trading/investment skills. Please do learn how ride on profit using TSL and timely exit with market SL & not your SL. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD Daily cautiously bearish. Recommended ratio: 25% SPX, 75% Cash. *Equities, Equity Futures and Gold are all slightly down to start the week while Cryptos, VIX, Energy and US Treasuries are up and DXY has stayed relatively flat. The Risk-Off reaction to Jerome Powell's hawkish comments in Jackson Hole last Friday is continuing into the start of this week. Financial markets will likely stay choppy leading up to the Jobs Report on on September 2nd and CPI on September 13th; both of these data points will provide guidance regarding whether the Fed will increase FFR by 50bps or 75bps on September 21st. Meanwhile Europe is facing what is likely to be a cold winter marked by energy rations and high prices, this is something to keep an eye on as it has the potential to exacerbate global recession fears. Key Upcoming Dates: August Consumer Confidence Index at 10am EST 08/30 ; 9th GDPNow US Q3 GDP estimate at 10am EST 09/01; August Employment Situation 830am EST 09/02.* Price is currently trending down at ~$4050 after breaking below the uptrend line from 06/16/22 at ~$4145, it's fast approaching a retest of the 50 MA at ~$4k as support. Volume remains Moderate (high) and is on track to favor buyers in today's session, after favoring sellers in last Friday's, if it can close today's session in the green. Parabolic SAR flips bullish at $4254 minor resistance, this margin is neutral at the moment. RSI continues to trend down at 43 as it approaches a retest of the uptrend line from 01/27/22 at 38 support. Stochastic is currently neutral and trending sideways at 10, the next resistance is at 18 and the next support at max bottom. MACD remains bearish and is currently trending down at 23 with no signs of trough formation as it still technically is testing 33 support. ADX is currently beginning to form a trough at 23 as Price continues to fall, this is neutral at the moment. If Price is able to bounce here then it will likely see a bit of resistance at $4100 before it aims to retest $4175 resistance . However, if Price continues to fall here, it will likely retest the 50 MA at ~$4k psychological support and potentially lower to retest $3938 minor support . Mental Stop Loss: (two consecutive closes above) $4100.
SP:SPX
by dailytaguy