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Niftyanalysis

Nifty Important levels and trade plan for Tuesday 23.08.22On Daily time frame Nifty is bearish now, with RSI closing at 60 level today. And probably tomorrow we may expect to see a halt in this downtrend. If we see the OI data graph, 17500 has highest OI, in PE side, and in CE side 18000 has highest OI followed by 17600. Based on which we may expect that tomorrow we may expect to see formation of a doji candle in daily time frame, if Nifty sustains above today’s low. Breaking of this low means we may again expect to see a free fall in Nifty So, for Nifty opening above 17470, after a candle closing bellow this level, we may go for bearish trade, but for gap down opening, between support levels we will wait for nifty to reach any particular important level and then only we may take decision. For huge gap down opening, near any support level we may take a bullish reversal trade for scalping, with a very tight and small stop loss. Now, the range between 17470 to 17600 will be my no trade zone for tomorrow. Will take a bullish trade after nifty crossing the top of this zone only, with very small stop loss. For tomorrow, for either direction will prefer option selling over buying, or may be depending on the situation a non-directional trade also. Daily Central Pivot Range from 17578 to 17520 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 22nd August, 5:30 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade plan for Monday, 22.08.22In last working day Nifty had taken the awaited retracement and took support at the trend line. (here marked in color blue) with RSI corrected to 71 in daily time frame. Below this trend line, on daily time frame Nifty will be considered as bearish, as on weekly time frame is in correction mode. SGX Nifty currently 85-point negative as compared to closing of Nifty on Friday, and we may expect a continuation of this trend further tomorrow. So, for tomorrow we will consider Flat, gap down and huge gap down opening scenarios only, with no trade zone ranging from 17848 to 17682 For flat opening, we are going to take trade after Nifty crossing either side of no trade zone, in the chart marked in red and green rectangle, depending upon the opening level, we may need to wait for price action to complete before entering into a trade. Similarly, a gap down opening below no trade zone (green colored box) with one single red candle we may enter into a bearish trade. 17597, 17555, 17490, 17401 being the targets. For huge gap down opening, depending upon the conditions, we may enter into a bullish trade, or may wait for initial settlement, and then enter into a trade. OI chart is showing full bearishness in the market, With huge OI present at 17900 and 18000 in CE side, but importantly no considerable OI is found in PE side, with only long build up in near OTM levels. Below are the important levels for tomorrow Daily Central Pivot Range from 17851 to 17789 Weekly Central Pivot Range from 17851 to 17789 Monthly Central Pivot Range from 16886 to 16341 *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 21st August, 6:20 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone. A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles. The market has been in green for last 4 weeks and a retracement is pending. Nifty on the hourly time frame has started trading below its 20 DMA and closed below it. On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema. Support :- 17710, 17634, 17540 Resistance :- 17830, 17960 Wait for the price action near the levels before entering the markets
NSE:NIFTY
by Mambotrade
Nifty Levels for 22/02/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed below 20 EMA and VWAP level. Negative crossover in Nifty. We had a highly volatile day. PCR shifted from 1.2 to 0.69 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29. Highest open interest on call side at 18000. However call writing increased significantly below 18000 level Highest open interest on put side at 17000. However heavy short covering and OI reduced significantly on lower side. Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Nifty snaps 3 days of rally and closed the gap in one day itself. FIIs, DIIs & other participants derivative data analysis: FIIs: FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking DIIs: DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling PRO: Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts. RETAIL/HNI: Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts. Shall we look for sell on rise opportunities? or Is market is taking few steps back for bigger move towards all time high? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES. Have a happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels for 19/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed near day's high above 20 & 50 EMA and VWAP level. Today, we had a highly volatile day. PCR (1.2) is in bullish zone. Indix VIX (17.35) down by -1.85%. Highest open interest on call side at 18000 Hifty highest open interest on put side at 17000 FIIs did cash selling of -1706 Crores. Reduced derivative long positions significantly. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Surprisingly, retail traders switched to long side today. Dow Jones and Nasdaq flat at this point of time. Please do review closing Index data for tomorrow's trade. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities or continue to look for buy on dips opportunity with strict stoploss? PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
NSE:NIFTY Analysis/Prediction for tomorrow 19-08-2022NSE:NIFTY Analysis/Prediction for tomorrow for flat opening 🟢 Buy CE above 18000 ✔️ Target Should be 18100 🔴 Avoid PE for Gap-UP opening above 18000 🟢 Buy CE near 17980 ✔️ Target Should be 18100 🔴 Buy PE below 17950 ✔️ Target Should be 18885 for Gap-Down Opening ⚠️ Avoid Trading 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.
NSE:NIFTY
by TheTechNifty
1
Nifty Important levels and trade plan for Friday 19.08.22Observed tiny dip today in Nifty, but eventually it moved upward, but still could not able to breach yesterday’s high, but RSI in daily time frame still maintained its level over 80. Now, in coming day’s we will have to be cautious, while going long, unless we see a proper pullback in price or healthy correction in RSI. Tomorrow, bullish trade can be initiated above 17977, with a target at 18053, 18105 and 18174, and will go for bearish trade below 17909, after nifty crossing this level, preferably with a price action, targets being 17854, 17781, 17711. For huge gap up or gap down opening near support or resistance levels, we may go for bearish or bullish trades, depending upon the situation and the price action. But will strictly avoid option buying between 17909 to 17977. And even over 17977, while going for bullish trades we will be extra careful, as Nifty may/should hover around this level if it has to continue its up move, or at the same time there is a possibility that we may witness a sudden fall at any time from 18000 range, so our stop losses should be tight. Will not consider OI data today. Below are the important levels for tomorrow Daily Central Pivot Range from 17941 to 17910 Weekly Central Pivot Range from 17646 to 17542 Monthly Central Pivot Range from 16886 to 16341 *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 18th August, 6:25 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade plan for Thursday, 18.08.22Expecting the same thing for tomorrow, which was expected from Nifty for last two three days, one correction. As without any proper correction it will be difficult to have confidence on up move in current trend, RSI being at 85 on daily time frame. Will avoid any bullish trade tomorrow, due to the current trend and OI data, as 18000 level in CE side is standing still with highest OI, will go for bearish trade if Nifty crosses tomorrow’s CPR, with very small targets, first one with the diagonal trend line marked in colour green, and then at 17836, below which it will be difficult for Nifty to break tomorrow. Below are the important levels for tomorrow Daily Central Pivot Range from 17927 to 17901 Weekly Central Pivot Range from 17646 to 17542 Monthly Central Pivot Range from 16886 to 16341 *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 August, 9:10 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Levels for 18/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty closed once above 20 & 50 EMA and VWAP level. PCR (1.29) is in bullish zone. Indix VIX closed flat. Nifty highest open interest on call side at 18000 Nifty highest open interest on put side at 17800 FIIs did buying of 6729 Crores but they bought 42826 Puts contracts (Net) in Index and sold 13647 stock futures contracts. Does it mean, FIIs will start selling again. Today Proprietary traders & DIIs traders were long in Index and Future contracts on net basis. Retail traders are heavily short in Index as well stocks. Dow Jones is down 200 plus points and Nasdaq is down 100 plus points at this point of time. Is correction due now after strong unidirectional rally? Shall we start looking for sell on rise opportunities ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
NSE:NIFTY Analysis/Prediction for tomorrow 18-08-2022NSE:NIFTY Analysis/Prediction for tomorrow for flat/Gap-UP/Gap-Down opening 🟢 Buy CE above 17960 ✔️ Target Should be 18020, 18100 🔴 Buy PE below 17915 ✔️ Target Should be 17840, 17795 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.
NSE:NIFTY
by TheTechNifty
1
Nifty Important levels and trade plan for Wednesday 17.08.22Important Point-Nifty broke its channel which was followed since last one year, and on daily time frame RSI is over 80 (83), with a gap between last two candles. So, we may expect Nifty to come down, to fill up the gap and RSI to settle down before continuing its up move. But if we see in smaller time frame today Nifty initially tried to do some pullback but in later half again continued the up move forming a higher low. Again importantly, 17800 level is still having highest OI in CE side and followed by 18000. So, there may be a possibility of Nifty halting at this level again tomorrow, and probably expiry within the range between 17700 which is having highest OI in PE side and 18000. For tomorrow, we will consider the zone between 17839 and 17778 as no trade zone, especially for option buyers, in fact above 17839 also we may avoid option buying as above this level too, price movement (upside) may be slow, which will lead to decay. So above 17839, we will sell put options, if tomorrow Nifty opens in no trade zone and then crosses this level. 17898, 17960 and 18032 will be the resistance levels. Similarly, if it crosses 17778, then we may go for a bearish trade, with either PE buying or CE selling, but will have to be carful with the support levels at 17723 and 17676 and diagonal trend line marked with colour blue. Again, important point is today’s CPR, which is a virgin one, and the gap between last two candles, which will act as a strong support, with OI at 17700. And if it opens near this support level, will go for bullish trade, with very minimum stop loss, and similarly for huge gap up opening near resistance levels, if situation permits may go for short. Below are the important levels for tomorrow Daily Central Pivot Range from 17817 to 17801 Weekly Central Pivot Range from 17646 to 17542 Monthly Central Pivot Range from 16886 to 16341 *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 16th August, 9:15 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Levels for 17/08/2022Dear 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 for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Nifty highest open interest on call side at 17800 Nifty highest open interest on put side at 17700 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta