Niftyanalysis
Nifty Important levels and trade plan for Wednesday, 14th DecembIn daily time frame Nifty is in uptrend of a correction, and we may expect a continuation in current trend in coming days.
For tomorrow, between 18611 and 18561 will be the no trade zone, and 18672, 18773 and 18881 will be the important resistance levels and 18503, 18472 and 18346 will be the major support level.
Currently SGX nifty is 115 point positive, and based on this data we may see slight gap up opening tomorrow, if tomorrow Nifty opens below 18672 we may expect a trending day with continuation in uptrend, but any opening above this line me may expect an initial sideways market.
For downside, we will have to wait for a price action to form in 15-minute time frame, near resistance levels, or after crossing 18561 level with a proper price action,
OI data is to some extent bearish, having considerable open interest present in 18600 and 18700 levels in CE side and PE side is comparability weak.
And this supports the probability of initial sideways market in case of huge gap up opening.
**All support/resistance levels depend on PDH/PDL, breaking either side may change the levels plotted*
**Time of plotting the levels and planning 13th December, 9:45 PM**
***Personal opinion, not a trading advice***
Continuation to last post -Get ready for upward MomentumAs per the previous post i have suggested to start accumulating Monthly calls. Now its time to enjoy the ride.
Don't hesitate to ask any doubts.
Plz prefer 30 min Frame for Volume analysis.
Nifty breakout chances?CPI inflation data for the month of November is 5.88% whereas in October it was 6% according to RBI prediction we can fall under 6% inflation boundary in Q3
A good indication data than other countries
Dow Jones going good
Crude oil in double digit.
Nifty might face resistance at 18570-600
NIFTY50 MY BEST VIEW FOR IMTRADAY TRAD 50 support and resistance mark and best level for intraday trad
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LIKE if you agree / and for more such jackpot trades do follow. ❤❤❤
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I am not sebi registered , Please do your own research before investing
Jan 20
Comment: It Bounced again from said levels of 340 to 400 levels. Cheers!!
NIFTY50 Weekly Volatility Analysis 12-16 Dec 2022NIFTY50 Weekly Volatility Analysis 12-16 Dec 2022
We can see that currently the implied volatility for this week is around 1.87%, equal to 1.87% last week according to DVOL data
With this in mind, currently from ATR point of view we are located in the 23rd percentile,
while according to INDIA VIX, we are on 8th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
Bullish: 1.8% movement
Bearish: 1.55% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 24.2% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 18740
BOT: 18060
Taking into consideration the previous weekly high/low, currently for this candle there is :
30% probability we are going to touch previous high 18740
66% probability we are going to touch previous low 18407 (already hit)
Lastly, from the technical analysis point of view, currently from
Weekly timeframe indicates 80% BULLISH trend from the moving averages index
Daily timeframe indicates 40% BULLISH trend from the moving averages index
4H timeframe indicates 13% BEARISH trend from the moving averages index
How and Why support and resistance works on charts?in this video we try to understand How and Why support and resistance works on charts? why support builds and what's the meaning of that and most important how to trade these .
#nifty
#banknifty
Nifty 12 Dec22 to 16 Dec 22 ST MT LTNifty 12 Dec22 to 16 Dec 22 ST MT LT
Nifty closed at 18496 (from prev week close of 18696)
Last week markets broke the MA21 support (considered for short term)at 18495 and touched low of 18410, regained and closed at 18495.
Short term Market will be down.
However medium term is intact if markets are above 18000 level.
Key supports at 18425, 18350(prev high), and between 18000 to 18100 lot of support are there.
The support levels are marked in the chart.
Resistance level 18885 (new high)/19000/19100
As mentioned before in previous weeks, warchout for high PE stocks( for that sector) and buy fresh stocks which have potential to grow.
NIFTY can the Momentum keep up ?The idea is about NIFTY.
Mentioned below are the points considered
Points as per TA on a Daily & hourly Chart:
1. Anti Crab Harmonic Pattern Completed on 1H chart & Target 1 achieved at the time of publishing as per below :
2. Breakout above 18330 will result in change of character COC (Wyckoff theory) on 1H chart Highlighted in Black as per below :
3. Ichimoku Cloud on Weekly is bullish (Chikou Span is above the price) & currently consolidating as per below:
4. Ichimoku Cloud on daily is bullish (Chikou Span is above the price) as per below:
5. Ichimoku Cloud on 1H is Bearish (Chikou Span is below the price) as per below:
6. Weekly chart has broken out of falling expanding Wedge as per below:
7. Weekly chart has broken out of cup & handle pattern & retest completed as per below:
8. Multiple divergences observed on weekly chart 7th Nov as per below:
9. MACD & RSI divergence observed on daily chart till 16th Nov as per below:
10. Open Interest data shows 180 k Call options @ 18300 which will act as resistance & 101 k put options @ 18200 which will act as support at the time of publishing.
11. RSI weekly @ 62.22, daily @ 60.07 and 1H @ 53.45 at the time of publishing.
12. MACD on weekly & hourly is above signal line and on daily chart below signal line.
13. Hull Moving Average is a Buy Signal on Weekly, Sell on daily & Buy on Hourly chart .
14. Since tomorrow will be the last day for the weekly options expiry & monthly futures expiry huge movements can be expected on 2nd half of trading today & tomorrow.
Projected target, as per Anti crab Pattern on on 1H provided in the chart.
Stop Loss: provided in chart.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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NIFTY 50 SHORTING!! ABOUT 2.5% FALL!!i have seen the major sectors, and major blue chip stocks, there charts, based on there current positions, and those particualr sectors and stocks's weightage, i have come up with nifty's shorting.
NIFTY WILL FALL ABOUT 2.5-3%. since its been a little overvalued, it needs to get a correction. now recently it gave its ATH, and a pullback from it, there on, its been a little overvalued to touch that particular point. now it needs a time to get rest, and be volatile in nature, then it will again resume its rally.
one more point to just add on: US MARKETS, are yet too volatile, and they are nearly to be bearish in nature, recently S&P indices could not break the lower low pattern. yet, this could worry the INDIAN MARKETS. and top of that nifty it is already seen it, woth a red candle given past week.
i will show a small concluding analysis of what sectors and stocks i had selected to short the nifty, as i ws mentioning earlier. (i will mention the once which are majorly in fall, and supporting nifty to rise)...
SECTOR ANALYSIS-
BANK NIFTY: 7% FALL
NIFTY FMCG: 7% FALL
NIFTY ENERGY: 4.5%(approx) FALL
NIFTY METAL: 12% FALL
NIFTY IT: could fall 2%, then move upward about 10-15%
STOCKS ANALYSIS-
RELIANCE: COULD FALL 3%, BUT THEN NEEDS TO MOVE ABOUT 10% UPWARD
HDFC BANK: YET 10% UPWARD MOVE IS PENDING...
ICICI BANK: 10% FALL
INFOSYS &TCS- COULD FALL 3-4%, THEN MOVE ABOUT 10-15% UPWARD
KOTAK FALLING 6%.
i see major secotrs like bank nifty and fmcg, being overvalued, and needs correction, and nifty it being undervalued, a big move still not completed.
other sectors like pharma, fin serv &auto to be neutral, being volatile.
nifty metal is in crucial stage, since it has just given a pullback, but yet needs to be conformed by its further moves, but most probably it needs correction.
i will slowly bring analysis on nifty mid and small caps too, and other imp stocks to get covered, and there further moves.
A Must Watch Nifty Analysis!!Hey Everyone!!
Greetings from my side, let's talk to the point
➡️ As of now, you'll be observing that the market's countertrend is negative and profit booking is coming.🔴
➡️ But the primary trend of the market is still up and 200 MA is pointing Upward too.🟢
➡️ So It can be a regular pullback on the higher time frame and can be used to buy good fundamental Stocks (Inner voice Saying Don't forget niftybees) NSE:NIFTYBEES ;-)
➡️ and to terminate the counter-trend we need a higher high or a close above this resistance which'll resume the primary trend.🟢
➡️ So one needs to be a little cautious in the upcoming Days.🔴
and If you want to know about good fundamental Stocks " Type fundamental in the comments "
Don't forget to follow for your learnings.✌️
Nifty Elliott Wave Analysis Nifty Long-Term Elliott Wave Analysis. Good time for long-term investments and positional trading
Nifty What next.... Momentum......Well the euphoria seems to be cooling down in Nifty....
Well 18820 seems to be rock solid resistance...
trading channels and levels marked..
enjoy....
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Nifty Ready for UpmoveNifty Volume Divergence. No more selling pressure at these levels. Start accumulating monthly calls.
Nifty making lower lows and lower highs After breaking the level 18000 nifty gave a staright uptrend of almost +700pts in 9-10days and made a all time High 18890( round figure) since then it started making a lower low and lower highs structure that shows a correction in nifty
After market opens nifty doesn't give much chances to option buyers / intraday traders or specific bull's to get a good trade it either gets sideways or falls
Nifty Price P18596redictionNifty Price prediction for today and tomorrow.
Nifty has formed a falling wedge pattern in 15m time frame a breakout of this pattern will give good momentum.
18600 is a resistance if it breaks out then the price can move towards 18708
There's huge call writing in 18600 so watch out for that level
18548 is a strong support if broken down we can see the price move towards 18448 which is a strong support level.
If you have any question or queries drop a comment
Happy Trading !
Nifty Levels & Strategy for 08/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward.
Important events to keep in mind for coming days:
1.Gujrat results on Dec-08.
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 07/DEC/2022
NIFTY IS DOWN BY -82 POINTS
Name Price Previous Day Change % Change
Nifty 18561 18643 -82.25 -0.44%
India VIX 14.08 14.04 0.04 0.25%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 18800 (Open Interest: 11733750, CE LTP: 6)
Max OI (Puts) 18500 (Open Interest: 6500400, PE LTP: 23.4)
PCR 0.55 (PCR is in oversold zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation
Pin Point prediction Of Nifty For 8-12-2Hello Traders,
The marking of this chart price action was posted yesterday , along with the trade ide to make your trading easy without confusion. You can see the accuracy of price movements And for tomorrow's price action can check below.
Yogesh Vats
NIFTY50 SHORT POSITIONSoon nifty will come back to the down trend according to the harmonic patterns AB=CD and it is near resistance area enjoy
Nifty Rally, Uptrend continuation or Downtrend ?Hey, we had a range day today and it didn't feel like much. If you look at the previous trend pattern of the parallel channel on my chart, you will understand the reason for today's consolidation. Tomorrow is the RBI Interest Rate Decision, so the volatility will be high. Anyway, it look like there is no chance of a sudden dip tomorrow, but an upturn is likely to happen. If so, it may come between 18850 and 19000.
However, I have mentioned in previous posts that the current trends prospects for a more bearish trending days. And a 5-wave down movement is also marked on this chart which reinforces it further. Such small 5 wave corrections strengthen the trend in one direction. Then it will be consolidate around 18800-900 range and fall down to a big correction wave which might be the 3rd wave of downtrend. And also the 4th wave of correction pattern of November 10.
Nifty Levels & Strategy for 07/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
Nifty: Options data indicating mild bearishness ahead of RBI policy. Smart money/big players have added plenty of new bearish positions. USA market are already nervous ahead of another rate in next week. Tomorrow, we can expect a sideway move ahead of RBI policy. Post RBI policy market direction will be dependent on rate hike & commentary by RBI regarding inflation & growth outlook.
Red Flags to keep in mind for coming days:
1.RBI meeting is going on. Reserve Bank of India (RBI) is likely to go ahead with another rate hike approx. 0.35% on Dec-07
2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen.
3.Gujrat results on Dec-08. Exit-poll results looking good for market
Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday)
Please find below scorecard, PCR update & options statistics for your reference:
NIFTY SCORECARD DATED 06/DEC/2022
NIFTY IS DOWN BY -58 POINTS
Name Price Previous Day Change % Change
Nifty 18643 18701 -58.30 -0.31%
India VIX 14.04 13.73 0.31 2.26%
OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 10207000, CE LTP: 6.5)
Max OI (Puts) 18600 (Open Interest: 7505150, PE LTP: 39.4)
PCR 0.71 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Long Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
