NIFTY - Intraday SupportNifty opened with a huge gap today @ 18313 vs the previous close @ 18028
( approx 285 points).
Sustained the gap and is staggering sideways since opening.
Since there is a gap opening plus prices are sustaining, the intraday support has been shifted to 18160 - 18199.
Any dip, if seen before 2 p.m can be accumulated near these levels.
Resistance @ 18414- 18450
Niftyanalysis
Nifty is looking Indecisive.
🤑 Nifty is likely to be INDECISIVE till it's between 17940 and 18155.
❓ Reason: Because Nifty is in between ATM Machine Yellow Zone.
🚧 Upside Hurdles: 18305.
🚧 Dowside Hurdles: 17860.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟡 Positional Trend is Indecisive.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
@ohotrading
NIFTY 50 for tomorrow - 11 November 2022Nifty opened with a gap on the downside @ 18044 vs the previous close @ 18157.
Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did.
Now tomorrow's opening can mostly gap up or gap down.
Immediate resistance @18056- 18035
Support @ 17950-17850 (Positional support Breaking this level, the index could slip further and faster.)
I will Buy only above 18060
I will Sell around 18056- 18035, on observing weak candles with strict Sl
Volatility will remain High.
Nifty is looking bearish
🤑 Nifty is likely to be Bearish till it's below 18155.
❓ Reason: Because Trailing SL is above the Nifty in ATM Machine Indicator on Hourly Chart.
🚧 Dowside Hurdles: 18050, 17940, 17815.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
✅NISM Certified
✅Government of India Registered Brand
@ohotrading
NIFTY 50 for tomorrow - 10 November 2022NIfty50 opened with a gap today, you already had an idea of such an opening as I have mentioned in my previous post, that there are high chances of either gap up or gap down opening.
Nifty opened above the resistance zone of 18250, though did not sustain the move in the first 15 min and formed the same open high bear candle, making it obvious that it will be moving towards your next support levels @ 18166- 18160.
Since nifty50 did not hold the highs in the first 15 minutes and formed a weak candle the same candle high would now act as resistance for tomorrow i.e 18288-18296
Now today's move again suggests either a gap up or gap down opening tomorrow.
Now if it sustains 18150 levels, it might test today's high i.e 18296
and if it opens below 18150 or did not sustain the same level in the first 15 minutes, it most probably is moving towards NIfty 50 positional support at 17850-17950.
Opening: Gap up or Gap down
Volatility: High
Support: 18150 and 17950-17850
Resistance: 18288- 18300
NIFTY is in for a DOUBLE TOPHave you seen the US market? It took support at the per covid High
Looking at the RSI we can clearly see the weakness in the price
NIFTY will take a hot and will lose the last support causing panic see and will hot the pre covid top
I would take profits on all the gains, STOCKS you can leave(only strong ones)
But take your money out of the Mutual Funds
Great buy at pre covid top, we are yet to hit recession, be warned
NIFTY50 is looking Bullish.
🤑 Nifty is likely to be Bullish till it's above 18105.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18260, 18355, 18550.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
@ohotrading
Nifty Levels & Strategy for 09/Nov/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
Nifty opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues.
Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions.
NIFTY SCORECARD DATED 08/NOV/2022
NIFTY IS UP BY 86 POINTS
Name Price Previous Day Change % Change
Nifty 18203 18117 85.65 0.47%
India VIX 15.59 15.66 -0.07 -0.45%
OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA
Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1)
Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19)
PCR 0.84 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NIFTY 50 for tomorrow - 8TH NOVEMBER 2022Nifty opened with a huge gap today @ 18215( vs. yesterday's close @ 18127).
The index saw a sell-off in the first hour of the trading, followed by weakness in the next following hours as well, and made a low of 18064.
Though it recovered post 1.30 p.m and was able to close near the day's High.
Today's candle: Long legged Spinning candles
Candle Interpretation: Long-legged candle at highs, suggesting increased volatility and increased risk of buyers trapping at highs.
Since all the time frames still look good and the price is also positive, one can still hold their long position but with strict stop loss, and it's better to play light in the current market price scenario.
IMMEDIATE SUPPORT: 18160 - 18166
IMMEDIATE RESISTANCE: 18200-18240
NIFTY50 is looking Bullish.
🤑 Nifty is likely to be Bullish till it's above 18000.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18220, 18355, 18600.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟢 Positional Trend is Positive.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
✅NISM Certified
✅Government of India Registered Brand
@ohotrading
Nifty Opening Gap Up TodayNo wonder the positive momentum is going to get sustained and we are going to open GAP UP today arround or above 18250 levels. The upper Supply zone is being tested several times these days if we broke above 18600 the sky is the LIMIT in coming days so look at those levels.
NIFTY 50 for coming weekOpens with a Slight Gap.
Saw some corrections initially.
Started to recover post one hour.
And then zoomed in on the final hour of the trading session
\
Daily candle: Bullish HH HL candle
Weekly Candle: Bullish HH HL candle.
Weekly Candle: Bullish HH HL candle.
Price Action on all timeframes looks great.
Weekly Daily Support: 17850- 17950
Coincides and Sustaining the same, nifty is more likely to move higher and higher in the coming week and month.
NIFTY50 is looking Indecisive.
🤑 Nifty is likely to be INDECISIVE till it's between 18045 and 18120.
❓ Reason: Because Nifty is far away from the Target of ATM Machine Indicator on Hourly Chart. Do it has to come near to Yellow ATM Machine.
🚧 Upside Hurdles: 18180.
🚧 Dowside Hurdles: 17955.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🟡 Positional Trend is Indecisive.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
✅NISM Certified
✅Government of India Registered Brand
@ohotrading
NSE:NIFTY Analysis/Prediction for tomorrow 04-11-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/Gap-UP opening
🟢 Buy CE above 18100
✔️ Target Should be 18250
🔴 Avoid PE
For Gap-Down Opening
🟢 Buy CE near 18050
✔️ Target Should be 18250
🔴 Buy PE Below 17960
✔️ Target Should be 17830
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
NIFTY 50 for tomorrow -04 November 2022Nifty Opens Gap down
Took support around 17950 levels.
Closed near Day's high
What's for tomorrow
The range for tomorrow: is 17950 - 18180
Immediate support 17950- 17940, likely hold the price for a while.
Immediate Resistance 18050 - 18070
Above 18100, it could move towards yesterday's high i.e 18160-18180
NIFTY50 is looking Bearish.
🤑 Nifty is likely to be Bearish till it's below 18165.
❓ Reason: Because Trailing SL is above the Nifty in ATM Machine Indicator on Hourly Chart.
🚧 Dowside Hurdles: 17070, 16970, 16805.
🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability.
🔴 Positional Trend is Negative.
🔴 Long Term Trend is Negative.
📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels.
🙏🏻 Come to Learn, Go to Earn🙏🏻
✅ We are NISM Certified. ✅
☔If you find us useful, Please help the helpless near you.☔
☺Happy to Help.☺
✅NISM Certified
✅Government of India Registered Brand
@ohotrading