FinNifty Levels for TodayCNXFINANCE Levels for Today
CNXIT CNXENERGY CNXAUTO CNXPSUBANK CNXMETAL CNXFMCG Reliance Inds HDFCBank INFY ICICIBank TCS Sbin AxisBank HDFC HclTech
CNXFINANCE trade ideas
View- Fin NiftyHi Traders.
Fin Nifty expiry can be largely sponsored by HDFC and its group entities as they have large % contribution.
Pattern : Descending Triangle pattern with index making lower highs and forming base at 18900 levels around,
good trade only if fin nifty breaks the level of 18950 and above as it would mean structure breakout along with besides pattern breakout,
below that 18900 once broken can lead to further downwards movement.
Caution: ANY RALLY IN HDFC and its group companies can bring fin nifty to fast movements.
CNXFINANCE Levels for 22 Nov 2022CNXFINANCE Levels
If FinNifty trading above 19000 levels, & we can plan for longs
If FinNifty trading below 18925 levels, & we can plan for shorts
CNXIT CNXAUTO CNXPSUBANK CNXMETAL CNXFMCG Reliance HDFCBank TCS Infy
Levels of Finifty on Expiryon breaking 18900 we may see a good profit booking in banking stock till its above 18900 its a buy on dips
At a Resistance, may face rejection Fin nifty is moving with taking resistance the trendline, friday we saw the price well respected the trendline and we saw some profit booking, profit booking may continue today as well
In HH pattern in 1hrly TFToday is finnifty expiry and the index is looking bullish. if it successfully sustain above 18730 then we see a strong bullish candle above 18k today. Keep this in radar.
Note - In last couple of expiry we have seen good sell off in 2nd half so trade cautiously & with proper hegde.
FINANCE seems to have some serious issues!!!17700 is a strong number for CNXFINANCE!
For the first time, it has broken above 200EMA in 15m TF!
Sustainance is the question!
IMO, it might be a fakeout!
Volumes are low!
VIX is too high!
Therefore, I'll take the privilage to go short here!
Will be selling calls to grab the premium!
Keeping a sl at 17770!
Range and entry places of fin nifty for 26/09/2022If the 5mins candle closes above or below thos support or resistance can you can take a entry after the candle close on the above side...wait if consolidation happens..and trade on that breakout for bigger target..
For more such ideas please follow
- SAJAN
Back Up by Most weightageNifty will go up as being supported by the financial services who has most weightage.
trianglemost of finance companies are either standing near resistance with heavy bull volumes or broke out like bajaj , sector is forming a triangle and showing rejection from bottom line. keep eyes on finance companies like bajaj, manpurram ,muthoot mfsl
it showing breakout on upper side. and bulls strength
Nifty Financial Services time to watchDaily support looks weak now and if breached we can move down to weekly support zone for nifty financial services.
Nifty finance index good short candidateNifty finance bearish harmonic ABCD pattern formation,, bearish Wolf Wave pattern formation,, breakdown from trend line support of rising wedge pattern,, bearish divergence on RSI indicator,, have probability to fall by 800 to 1000 points,,,
Money Flowing Back Into Nifty Financial Services SectorIn this chart of the Nifty Financial Services Index vs Nifty 100 ratio, we see a bullish momentum divergence as prices stabilize above a confluence of support. Prices staying above their recent lows signals outperformance is likely from this sector of the market, at least in the near-term while money flows out of areas that have run a lot like Nifty Pharma and Nifty Fast Moving Consumer Goods. Strength in Financial Services will be a tailwind for the Nifty 50 and broader indices given it's the largest sector weighting at ~33%.
