Nifty can bounce from Support. Nifty can bounce from Support if it can sustain above the levels of Friday high. That is 19799 tomorrow or in the coming week. In this case the resistances on the upper side will be 19921, 19991, 20038 and finally 20176. Supports for Nifty on the lower side remain at 19502 and 19208 on the daily chart. The momentum it gained on Friday should continue on Tuesday otherwise the Nifty will remain side ways for a few days. Crossing and closing above 19799 levels is crucial for fresh leg of rally to start in Nifty .
NIFTY1! trade ideas
Day Trader’s Post Market Analysis - Nifty BankNifty-29th Sep ’23
Below mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-Was not looking bearish moves
-No Volumes again in Nifty & Banknifty
-19492/19800 levels to watch in nifty spot!
-How will i trade when market opens on tuesday
Day Trader’s Post Market Analysis - Nifty BankNifty-28th Sep ’23Below mentioned points are discussed in my post analysis video(Fast forward to 1:27 for Hindi Audio)
-Nifty had a bearish structure in 1st hour
-No Volumes in both banknifty and nifty
-Shorted nifty Future once 19589 broke for prev day low break
-How will i trade when market opens tom
Plan for 28th September 2023 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Day Trader’s Post Market Analysis - Nifty BankNifty-26th Sep ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:51 for Hindi Audio)
-Took a buy trade in the morning and sl was hit.
-No Volume day!
-19734/19602 break in nifty spot will help!
-How will i trade when market opens tom
Day Trader’s Post Market Analysis - Nifty BankNifty-25th Sep ’23Below mentioned points are discussed in my post analysis video(Fast forward to 1:15 for Hindi Audio)
-Bearish -> Bullish -> Bearish!
-No Volumes in both Banknifty & Nifty
-Today's day low in Nifty Spot is a level to watch.
-How will i trade when market opens tom
Shakeout at the ATH - NiftyWeekly Timeframe:
1. Engulfing candle: Depicts bearish sentiment, trend reversal indication.
Daily Timeframe:
1. Climax Top: 11 consecutive highs followed by selling. This is one of the characteristics of trend reversal; it is often accompanied by exhaustion, a sudden spurt in volume, and then selling like falling knives.
2. Heavy selling: distribution Signs are reflected through the volume.
Reasons,
1. Rise in Crude Oil Price
2. Inflation Fear
3. FII-Sell off 121367 Cr
Way forward,
Support Levels,
S1: 19200
S2: 18600
Trade Opportunity,
1. Niftybees: Hold
2. Futures & Options: Monthly Straddle
Day Trader’s Post Market Analysis - Nifty BankNifty-22nd SepBelow mentioned points are discussed in my post analysis video(Fast forward to 0:55 for Hindi Audio)
-Banknifty Volumes did create a structure.
-Trail Sl Hit in Bullish View
-Bearish View in Nifty Considering the Close!
-How will i trade when market opens on Monday
Day Trader’s Post Market Analysis - Nifty BankNifty-21st Sep ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:57 for Hindi Audio)
-Good Volumes again in nifty
-Couldn't capture the big moves in Banknifty
-Sold Nifty Future at a Bad price and Paid the dues.Expiry Stunt?
-How will i trade when market opens tom