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Niftyanalysis

NIFTY 50, WAVES(THIS MONTH)!!although nifty 50 has crossed 18000 previously in its 3rd wave, it will reach its new all time high in 5th wave. nifty 50 is following the waves very greatly. i had previously drawn waves for bull run and updated you till 3rd wave. now here's an update for the 5th one. i have explained each and every trend line , bull run in my previous nifty 50 analysis, and i will link it below, you will understand my analysis more understandingly, after reading the description of those analysis. nifty is already in a bull run, this bull run is carried in 5 waves, and now we are in the last wave of it. let see what happens after that...
NSE:NIFTYLong
by raghavchoudhary2016
Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100) -Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed -Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :) *This theory gets invalidated if today's high is broken* Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
NSE:NIFTYShort
by mr5476
Nifty Important levels and trade plan for Wednesday, 21.09.22Current trend of Nifty- Correction of a downtrend. Possible resistance- 17946, 178035, 18102 Possible support- 17695, 17620, 17453 No trade zone- 17848 to 17799 For flat open will enter trade after breaching either side of no trade zone, for bearish trade after breaking the low of first five-minute candle and for up move must break the upper level of no trade zone with a price action. For up move, there is a possibility of reversal below 17946, so, will trade with limited quantity and tight stop loss up to this level, but above this level, we may go with full quantity, for bullish trade. In downside, up to level 17453, there is a possibility of reversal, so, in downside will trade with limited quantity, and tight stop loss. OI statistics are neutral to bullish, with highest OI in PE side at level 17600 and for CE highest OI is at 18000 and with considerable OI in 17800 level on both CE and PE side. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 20th September, 4:35 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
Nifty Gap-Up OpeningNifty expecting to GAP-UP today with arround 130 to 150 points. As if now the open intrest data showing +ve trend and depending upon this trend & there level's we would see nifty going till 18000 and to lower side breaching 17500 levels is little bit difficult at least for this and next week expiry. This week Positions I have sold on Thur 650 qty 22Sep 1700 PE 150 qty 22Sep 16900 PE 300 qty 22sep 18100 CE (This i have already booked in profit) A bullish position made on Friday: Buy 1Lot Sep 17600 CE Sell 1Lot Sep 18000 CE
NSE:NIFTYLong
by r7888911518
Nifty Levels & Strategy for 20/Sep/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 is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting. Highest open interest on call side at 18000 (Shifted down from 19000 to 18000) Highest open interest on put side at 15000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Nifty Important levels and trade plan for Tuesday, 20.09.22Current trend of Nifty- Correction of a downtrend. Possible resistance- 17703, 17779, 17853 Possible support- 17445, 17369, 17293 No trade zone- 17703 to 17574 (no directional trade) For flat open will enter trade after breaching either side of no trade zone, with a price action. For gap up opening between 17703 and 17779, will plan a trade for up move continuation, with limited quantity, and tight stop loss. Above that level, will try to find a reversal. For gap down opening, below 17752, will plan for a downside trade with tight stop loss and limited quantity up to 17445, after crossing this support level, will enter trade with complete quantity. Between no trade zone, will plan to create a short strangle, depending on price action, and other parameters. OI statistics are neutral to bullish, leaving some space for Nifty to move, with highest OI in 17500 in PE side and considerable OI at 17900 and 18000 levels in CE side. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 19th September, 5:50 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
4
Nifty Important levels and trade plan for Monday, 19.09.22SGX nifty is currently 43 point positive and was in an upside trend in 15-minute time frame. And by Monday morning before opening of nifty it may react the next resistance level and make a slight retracement from there, or may hover at current position, or may took slight pullback from current position, so in all cases, we may expect, Nifty to open, flat to gap up by Monday morning. Now in daily time frame Nifty is in downtrend. So, we may expect a correction from this point tomorrow in Nifty as well. For Monday, will avoid directional trading between 17488 and 17675. Will take bearish trade, after nifty crossing 17488 only. 17364 and 17250 will be the important levels of support. If Nifty forms a bullish price action over the range 17524 will initiate one leg of s short strangle. And will open the second leg depending on price action, and resistance levels. Again, for slight gap up opening, will initiate bullish trade, (will go for option selling), after nifty crossing 17675 level with a price action only, 17744, 17813 or 17880 may act as important resistance levels. However, in upside also, we may also plan to create a strangle. Depending upon the situation and price action. Though, from price action we are expecting a slight correction, for a healthy downtrend, but OI statistics looks completely bearish, with slight open interests at 17500 level in PE side, and with huge OI all over CE side. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 17th September, 1:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
2
Nifty Levels & Strategy for 19/Sep/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 is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 ( bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish , but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped. Highest open interest on call side at 19000 (Shifted up from 18700 to 19000) Highest open interest on put side at 17000 (Shifted up from 16500 to 17000) BANK NIFTY Bank Nifty is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 ( bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation. Highest open interest on call side at 41500 (Remained at same level) Highest open interest on put side at 38500 (Remained at same level) Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session? Shall we again start looking for sell on rise opportunities ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
6
Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
NSE:NIFTY
by Happy_Candles_Investment