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Niftyanalysis

Nifty Important levels and trade plan for Monday, 12.09.22If we see SGX Nifty, it is at an important resistance zone and RSI is over level 60 in 15-minute time frame. And we may expect it to breakout the resistance zone and then by tomorrow morning it may reach the next resistance zone almost 70 points above the current level and in that case, we may see a gap up opening of almost 100 points, in Nifty tomorrow. But if SGX nifty respects the first resistance zone then we may expect a reversal form here and then we may see a gap down opening of 60 points in Nifty tomorrow. So, without any big event, there will be no possibility for nifty to open huge gap up or down. (it is my expectation, based on conditions, not prediction) On daily time frame Nifty is in correction of an upward trend, and it will be considered as bullish until over 17645. Now in case of flat opening, we will enter into sell trade if nifty breaks the low of first five-minute candle, below 17859, 17803, 17742 and 17695 will be the target levels in downside. For opening near 17803, we will wait for initial profit booking and after nifty forming a proper lower low, will enter into a trade. Will avoid bullish trade in this scenario. However depending upon the conditions, if Nifty reaches near 17695, then we may consider a bullish trade. Nifty opening flat and then after crossing 17902 level with a price action, will enter into bullish trade. 17947, 18007 and 18069 will be the important resistance levels. For any opening near and above 17907 level also, we may witness an upside spike at the opening and after initial settlement, may enter a bullish trade. Range between 17859 and 17902 will be considered as no trade zone for directional traders. and depending upon the option IV we may enter a long straddle or strangle in this zone. OI data looks little bearish having huge OI present in 17900 and 18000 levels in CE side, compared to no significant OI in 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 11th September, 11:40 AM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY1!
by rahulbora11
Nifty Levels & Strategy for 12/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 35 points. It’s really important to understand that Nifty has sustained 17800 plus critical make or break levels amid global issues & profit booking by big traders. PCR is down from 1.17 (bullish zone) to 0.89 (bearish zone). Overall, Nifty performed well and hit the majority of the targets as expected. It's really difficult for option writers to manager gap-ups & gap-downs. These days, we are having higher swings in both the direction due to high liquidity and better retail traders participation. Support Zone in Nifty is shifted up. Important resistance levels became new support levels. IT sector has started performing now. Hoping, it will lift Nifty to new lifetime high. Will Break out in Nifty sustain amid global issues? Answer is yes, breakout is sustained. Is Nifty getting ready to touch new lifetime high? If Nifty crosses & sustained above 18000 level, then shall we expect Nifty to move further up? Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted down from 17500 to 17000) BANK NIFTY Bank Nifty is up by 207 points. Bank Nifty performed well and closed above 40K level which should be considered really good amid ongoing global issues. Bank Nifty comfortably traded above 40K even after significant rate hike of 75 basis points by ECB. Highest open interest on call side at 40500 (Shifted down from 41000 to 40500) Highest open interest on put side at 39000 (Shifted down from 39500 to 39000) Shall we continue look for sell on rise opportunities? I don’t think so. What do you think? Shall we continue look for buy on dips opportunities near major support? Yes, I think so. What do you think? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
update on nifty 50 analysisi had previously posted the same analysis of nifty 50, and here i have brought you an update. markets are in bull rally, and i guess a sort of bull rally is gonna over after going up by 50-100 points. after that if the markets rise further(which has a good chance because fii are entering), so that will not carry the bull rally, it will just be a bullish nature, i believe such because the market had got its impulse movement from this rally. and on top of that, nifty chart has covered all the international news as such. plus, fii have sold there stakes and made there profits, now they are re- entering the markets. and if the markets falls, then it will say, people have yet to make out the profits, and they will realise there profits by selling.
NSE:NIFTY
by raghavchoudhary2016
Nifty Levels & Strategy for 09/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. NIFTY Nifty is up by 174 points. Steller performance by Nifty. PCR shifted up from 0.92 (bearish zone) to 1.17 (bullish zone). Nifty performed beyond expectation and hit all the targets. Option writers also made good money as most of them timely close CE leg and PE writing continued through the trading session. Today we had a very nice trending day and retail traders could make good money based on their huge overnight buy position in F&O contracts. Support Zone in Nifty is shifted up. Resistance Levels became New Support Levels. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17500 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is up by 753 points. Extra ordinary performance by bulls lifted up Bank Nifty beyond the major resistance zone. It will be interesting to watch whether breakout will sustain amid global issues and after ECB hike by 75 to 100 basis points today or it will get back into previous trading range. Highest open interest on call side at 41000 (Shifted up from 40000 to 41000) Highest open interest on put side at 39000 (Shifted up from 39000 to 39500) Will Break out in Nifty sustain amid global issues? Is Nifty getting ready to touch new life time high ? Shall we continue look for buy on dips opportunities near major support levels? My view is neutral with positive bias. However let us see how global markets reacts overnight after ECB hike. Please do review & analyze EOD closing data for preparing tomorrow's trade plans. Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Friday, 09.09.22(Levels and study done in Nifty future) On weekly time frame Nifty was in correction and daily time frame it is bullish. 17844 level in Nifty future will play an important role for tomorrow, and above this level, on weekly time frame Nifty will be considered as bullish. Tomorrow, we will enter into a long trade after Nifty crossing 17844 level if opens flat, opening above this level, we will go for long trade, after forming a proper price action. Important resistance levels will be at 17896, 17958 and 18004. Will plan for a continuation in bullish trade for opening up to 17896 level. But over this level, we may see a profit booking, and near upper levels of resistance we may consider a reversal trade, with tight stop loss. In between 17844 and 17757 we will avoid a directional trade, and will enter into a bearish trade after nifty crossing 17757 level, preferably with a price action. Important support levels will be at 17678, 17599 and 17530, Below 17599 it will again be considered as bearish. For short side trades we will trail stop losses at every candle as we may witness sudden reversal as it will be against the major upward trend. For huge gap up or down openings will plan for reversals in opposite direction, after Nifty crossing first five-minute candle in either direction. In CE side 18000 has the highest level of OI and 17500 level has that for 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 8th September, 9:30 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY1!
by rahulbora11
Nifty daily analysis for 09/09/22Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800. On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow. Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20 ema. Support :- 17780, 17710, 17640 Resistance :- 17830, 17920 The market seems to be in a jittery mode. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
IS Nifty 50 TRADING NEAR MAKE OR BREAK LEVEL ?????Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. Nifty 50 view & possibilities for near future ? Nifty is trading near make or break level ? Please do share your views. Many thanks. Wish you very profitable trades in Nifty
NSE:NIFTY
by manishmgupta
Nifty Important levels and trade plan for Thursday, 08.09.22On daily time frame Nifty is sideways and tomorrow being the expiry of this week, I find, finding a proper trade plan for Nifty, a little difficult. For tomorrow, I have marked the important levels, and here in between 17676 and 17566, will not go for any directional trade as within this range lies day CPR, previous day CPR which is a virgin one and monthly CPR, and may go for bearish trade if nifty crosses below 17566, with targets near 17483 and 17401. For upside move, 17728 and 17776 will be the important resistance levels but we need to be careful about the trend lines marked in colour blue. Now if we see the OI, 17500 has the highest OI in PE side and in CE side almost each level from 17700 to 17900 has considerable OI with highest OI at 18000 level, which indicates a proper support in downside, and probable up move in Nifty tomorrow, but as we are witnessing in last few days that OI statistics may change within no time, so it is impossible to come to a firm conclusion about probable direction form OI data. So, in conclusion, I personally will avoid trading in first half, and in later half, if get proper opportunity, then may enter into a trade, with very limited quantity. Below are some important CPR levels for tomorrow Daily Central Pivot Range from 17605 to 17567 Weekly Central Pivot Range from 17516 to 17471 Monthly Central Pivot Range from 17697 to 17573 *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 7th September, 4:00 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Levels & Strategy for 07/09/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. FIIs bought in cash market for 1145 crores and bought in F&O for 1642 crores (what they bought? In reality they have shorted calls & bought puts which means they are actually bearish only). DIIs also bought in cash market for 633 crores. FIIs reduced long positions in Index future & stock future contracts and added short positions in index call & stock call options & long positions in index put & stock put stock put options. Today, FIIs are bearish in all types of contracts. DIIs are also bearish in all types of contracts. Pro traders followed balanced approach. Pro traders have added long contracts in Index future, stock future & hedged their future contract positions using option contracts. Retail traders have added long positions in all types of contracts. If market goes down & break any major support, then it may create panic selling situation for retail traders. May God save retail traders. NIFTY Nifty is down by just -10.2 points. PCR shifted down from 1.07 ( bullish zone) to 0.87 ( bearish zone). Nifty traded in both the directions. SL & TSL hitting day for majority of the retail traders. Nifty is slowly getting ready for breaking the range on either side. Highest open interest on call side at 17800 (Shifted down from 18000 to 17800) Highest open interest on put side at 17000 (Remained at same level) BANK NIFTY Bank Nifty is down by -139.25 points. Bank Nifty offered opportunities to both bulls as well as bears. PCR shifted down from 1.2 ( bullish zone) to 0.91 ( bearish zone). Highest open interest on call side at 40000 (Remained at same level) Highest open interest on put side at 39000 (Shifted up from 38000 to 39000) Shall we continue look for sell on rise opportunities near major resistance levels with strict SL? and Shall we continue look for buy on dips opportunities near major support levels till indices are trading in a range? Please do share your comments. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Make or Break Tuesday Coming Up.Spot Nifty is just under Double Trend line resistance of 17700. Closing above 17700 will open the wide possibilities of Nifty strolling 18K and regaining the level with confidence. As the resistance is very strong and we are currently at 17665.80 a great thing to happen will be getting an gap up opening above the resistance and sustaining it. If it is not gap up opening and we move with confidence defeating the level it will be even better. Also note that 17590 is a strong 50 hours EMA support. Resistance levels: 17782, 17844, 17989 and finally 18105. Support levels: 17590, 17425 and 17338. Below 17338 Bears can fight back and drag the index to lowers 17K or even below it to 16.9 or 16.5K levels.
NSE:NIFTYLong
by Happy_Candles_Investment