NIFTY FOR TOMMOROW - 03-Nov- 2022Nifty closed at 18082.
Opens Gap up
Open high almost the same
Closed near day's low
Formed Dark Cloud Cover Candle.
Daily chart support @ 17940 -17950
Immediate support @ 18060-18070
Intraday resistance for tomorrow @ 18100-18080
What's for tomorrow
Opening below or resisting 18100-18090 , nifty can move towards 17960-17940
Niftyanalysis
NIFTY 50 Monthly Forecast Movements 1-30 November 2022 NIFTY 50 Monthly Forecast Movements 1-30 November 2022
We can see that for this month, the implied volatility is around 4.56%, similar to last month.
This is currently placing us in the 0th percentile according to ATR and 50th according to INDIA VIX
Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle to the close of the candle) is:
BEARISH Candle : 2.4%
BULLISH Candle : 5.7%
With this in mind we can expect with a close to 27.4% probability that our close of the monthly candle is going to close either above or below the next channel:
BOT: 17303
TOP: 18957
Lastly, based on the calculations that we had for touching the previous candle high and low values, we can estimate that there is a :
80% chance that we are going to touch the previous monthly high of 18020 (already happened yesterday)
26% chance that we are going to touch the previous monthly low of 16864
NIFTY50 is looking Bullish
🤑 Nifty is likely to be Bullish till it's above 18055.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18185, 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.☺
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@OhoTrading
NIFTY FOR TOMMOROW - 02-Nov- 2022Nifty opens Gap up today - continued yesterday's move.
Formed an Indecisive candle above the resistance zone.
Tomorrow Expectation:
High Chances of a Gap up or Gap down the opening.
The gap-up opening can open up more space on the upside and nifty can move towards 18250- 18270 levels.
In case of Gap down opening above 18060 levels, nifty will still try to move higher.
Gap down opening below 18060, wait for a positive price action to initiate any trade on the long side.
NSE:NIFTY Analysis/Prediction for tomorrow 02-11-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat/Gap-Down(above 18100) Opening
🟢 Buy CE above 18175
✔️ Target Should be 18250
🔴 Buy PE below 18080
✔️ Target Should be 18010, 17950
For Gap-UP Opening
🟢 Buy CE near 18150
✔️ Target Should be 18250
🔴 Avoid PE
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.
NIFTY50 is looking Bullish
🤑 Nifty is likely to be Bullish till it's above 16990.
❓ Reason: Because Nifty is above the Trailing SL of ATM Machine Indicator on Hourly Chart.
🚧 Upside Hurdles: 18185, 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.☺
Team OHO® Trading
✅NISM Certified
✅Government of India Registered Brand
NIFTY50 The trend line drawn has been a constant resistance since October 2021. The market has tried to break the resistance four times and has failed each time. If this time the resistance does not break that too with high volumes, we'll probably witness a fall again.
A fall till 174000 level could be seen and in worst case scenarios it could go down till 16815.
P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
NSE:NIFTY Analysis/Prediction for tomorrow 01-11-2022NSE:NIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Buy CE near 17980
✔️ Target Should be 18090
🔴 Buy PE below 17640
✔️ Target Should be 17840
For Gap-UP Opening
🟢 Buy CE near 18000
✔️ Target Should be 18090, 18200
🔴 Avoid PE
For Gap-Down Opening
🟢 Buy CE Above 18000
✔️ Target Should be 18090, 18200
🔴 Buy PE below 17930
✔️ Target Should be 17840
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 Important levels and trade plan for Tuesday, 1st NovemberOn daily time frame Nifty is bullish, and we may expect a correction in the current trend tomorrow. For tomorrow, between 18054 and 17992 will be the no trade zone, will avoid directional trade between these two levels. Now we will go for bullish trade, after first five minute candle breakout in upside. But here we may have some issue. If we see Nifty in hourly time frame, it is near overbought zone, and it is not possible to continue this upside momentum, without some correction. So, for upside trade, our quantity will be limited, and mostly prefer a sell trade. And if nifty sustains over the no trade zone, after 12:30 PM, we may continue with remaining quantities. For upside, our targets will be- 18125 and 18199.
Now, for downside, will go for bearish trade after Nifty crossing the bottom of no trade zone, i.e. 17992 with a price action in 15 Minute time frame only. Targets in this direction will be- 17926, 17875 and 17824. We may expect reversal from any of the levels. For a gap up or gap down opening, near support or resistance levels, we may enter for reversal trades, especially in upside, for correction.
An upside channel is also visible, plotted with Fibonacci levels in black coloured lines.
Looking at OI data, 18000 may act as major resistance with highest OI in CE side, similarly 17900 has the highest OI in PE side followed by 17800 and 17700.
So, from both OI and price action, we may expect some correction in Nifty, may be in the form of a sideways market in coming days.
**All support/resistance levels depend on PDH/PDL, breaking either side may change the levels plotted*
**Time of plotting the levels and planning 31st October, 4:50 PM**
***Personal opinion, not a trading advice***
NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022 NIFTY Weekly Volatility Forecast 31/10 - 04/11 2022
Currently the volatility for this week is around 2.21% , down from expected 2.23% last week.
According to ATR calculation, currently the volatility is located around 3th percentile.
Under this circumstances the expected movement of the candle is :
BEAR : 1.609% from the opening point of the weekly candle
BULL : 1.909% from the opening point of the weekly candle
At the same time, currently there is 33.9% that the movement within this weekly candle is going to
break and close either above or below the next channel:
TOP: 18309
BOT: 17510
Lastly, taking into account the previous weekly high and low there is a :
75% chance that we are going to touch the previous week high
25% chance that we are going to touch the previous week low
NIFTY50 is looking Indecisive
🤑 Nifty is likely to be INDECISIVE till it's between 17705 and 17890.
❓ 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: 18000.
🚧 Dowside Hurdles: 17535.
🌈 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.☺
Nifty Levels & Strategy for 31/Oct/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 traded within a range & performed as expected. Profit booking was done at higher levels and buying emerged at lower levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Is Nifty is getting ready to cross 18K amid ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is sell on rise & buy on dips working????? However, please do review the following Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts.
NIFTY SCORECARD DATED 28/OCT/2022
NIFTY IS UP BY 50 POINTS
Name Price Previous Day Change % Change
Nifty 17787 17737 49.85 0.28%
India VIX 15.92 16.60 -0.68 -4.07%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18200 (Open Interest: 4977800, CE LTP: 9.4)
Max OI (Puts) 17700 (Open Interest: 4514950, PE LTP: 85.8)
PCR 0.92 (PCR is in bearish zone)
Nifty Calls:
ATM: Long 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 As Predicted Wave C Based on my previous Nifty 50 chart,
As I predicted Wave C has almost reached close to Fib Retracement 1.272 level. We have to keep in mind that India Vix at its very low, I don't think wave C could make more than 18000 level.
Hope you traders will like it. Thanks for viewing ":-)
Nifty Levels & Strategy for 28/Oct/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
Today global cues were positive. Today Dow Jones is trading in green & Nasdaq is trading in red. Please do check global market indices tomorow morning before finalizing your trading strategy. Dollar index is coming down which is quite good for global markets. As expected once again bulls as well as bears got the opportunity with sufficient time to trade & book the profit. Specially retails traders enjoyed the profit due to up move. Big players are light and have started on a positive note for Nov series. FIIs are high bullish & added bullish positions in F&O contracts. Tomorrow, also we should continue to booking profit at higher levels and buy the strength in only monthly option (not in weekly options) therefore you get enough of opportunities to adjust your trades in coming weeks.
Shall we continue do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 27/OCT/2022
NIFTY IS UP BY 81 POINTS
Name Price Previous Day Change % Change
Nifty 17737 17656 80.60 0.46%
India VIX 16.60 16.88 -0.28 -1.67%
OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA
Max OI (Calls) 18400 (Open Interest: 4062000, CE LTP: 4.2)
Max OI (Puts) 17700 (Open Interest: 2949950, PE LTP: 117.8)
PCR 0.83 (PCR is in bearish zone)
Nifty Calls:
ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup
Nifty Puts:
ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
17650 - 17800 is a consolidation zone Clearly the Index is moving in a HH pattern and taking support in the lower trend line. since last 2 days index is trading in a range of 150 points where sellers trying hard to push the index down, instead of positive global cues index closing lower after opening at higher levels but unable to break the range hence its creating a range which may act as strong support if index sustains above 17800.
Resistance - 17915, 18k,
Support - 17650, 17500
Nifty Levels & Strategy for 27/Oct/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
Today global cues are positive. Let us reconfirm it tomorrow morning again. Profit booking in Nifty at higher is quite obvious. Big players have significantly reduced their existing long as well as short positions in F&O contracts. Today US markets are really doing well. However, retail traders need to be cautious in Nifty near major resistance levels. PLEASE NOTE THAT VOLATILITY IS LIKE TO GROW IN COMING WEEKS DUE TO ANOTHER US FED HIKE IN FIRST WEEK OF NOVEMBER. KEEP USING POSITIONS HEDGED & DON"T GET CARRIED AWAY.
Our trading decision should be logical & based on data. Market is quite volatile and almost daily offering nice trading opportunities to Bulls as well as Bears. Traders who working patiently and waiting for right levels, good quality trade setup are getting regularly getting rewarded.
Shall we continue do profit booking near lifetime high? Yes, we should.
Shall we continue to buy on dips & sell on rise with strict SL? Yes, I think so. Please do share your thoughts.
NIFTY SCORECARD DATED 25/OCT/2022
NIFTY IS DOWN BY -74 POINTS
Name Price Previous Day Change % Change
Nifty 17656 17731 -74.40 -0.42%
India VIX 16.88 17.42 -0.54 -3.11%
OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA
Max OI (Calls) 18000 (Open Interest: 11297000, CE LTP: 2.1)
Max OI (Puts) 17500 (Open Interest: 6724600, PE LTP: 20)
PCR 0.78 (PCR is in bearish zone)
Nifty Calls:
ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Long Liquidation
Nifty Puts:
ATM: Short Covering, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Long Liquidation