Niftyprediction
Nifty Institutional levels | Intraday 4-JUNE-2024 | 9:15 IST#Optionbuyers
#Niftyoptionscalping
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1) Zones you always Like:-
Green zone- institutional support
Red zone - institutional resistance
Gap between institutional zones is always of 100 points
Zone making is helped by pivot points and Fibonacci
Advance version of price action
2) Trade Execution:-
Trade based on order flow data
Timeframe - 1 min
Risk Reward Ratio always 1:2
Strike price always ATM & slightly ITM
Position sizing
3) House Rules in trading:-
Sharp at 9;15 AM
Priority to risk management
Fast execution (morning breakfast)
Stop-loss 10 points (strictly)
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NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340
SL - 23270
TARGETS - 23400,23500,23600
SELL BELOW - 23200
SL - 23270
TARGETS - 23100,23000,22900
NO TRADE ZONE - 23200 to 23340
Previous Day High - 23340
Previous Day Low - 23100
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 22500
SL - 22420
TARGETS - 22550,22600,22650
SELL BELOW - 22420
SL - 22500
TARGETS - 22350,22300,22230
NO TRADE ZONE - 22500 to 22550
Previous Day High - 22700
Previous Day Low - 22420
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY Prediction Levels, Whats Next?Here is an interesting chart of NIFTY in 15 min time frame.
I am currently in a nice profitable SHORT position. However, markets are very unpredictable around the election results, so I may lose all profits thats currently unrealized. I am willing to take that risk after coming from a 1300+ points BankNifty points gain and 600+ nifty points gain.
Let's see the firework thats gonna start soon in the market.
Disclaimer: Because election results are very near, please be careful with your position sizing.
All the best.
Further correction likelyNifty traded in the daily fair value gap and taking resistance at the mid of the long term upward channel yesterday. There are 2 scenarios that could play out. The unlikely of the 2 is it breaks the resistance trend line and move up towards the top of the channel. The second more likely scenario is that it could test the bottom of the fair value gap OR even come lower to test the order block below that. 22600 or 22500 could be likely in this case.
Safe traders might withdraw their money form the market and wait for election results. This could trigger a deeper retracement.
NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 22760
SL - 22700
TARGETS - 22800,22850,22900
SELL BELOW - 22700
SL - 22760
TARGETS - 22640,22590,22550
NO TRADE ZONE - 22700 to 22760
Previous Day High - 22850
Previous Day Low - 22700
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday.
Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results.
And why not, market being driven by fundamentals in full power and josh.
A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically.
So, BTST traders, you better watch out and be careful. Risk management is key.
Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal.
NO POSITION IS ALSO A POSITION!
So, be careful, and enjoy the fireworks, gonna start any time now.
Nifty 50 Reached CHANNEL Top. Wait for Breakout, which directionNifty 50 reached again "CHANNEL" Top. Wait for Breakout to confirm which direction. If Breakout above the Channel Top, it will become Very Bullish. Otherwise, it may come down.
I want to help people Make Profit all over the World. Additionally, I am eager to Receive Money form Worldwide because of my Potential.
Refer this image :
NIFTY INTRADAY LEVELS FOR 29 MAY 2024BUY ABOVE - 22950
SL - 22900
TARGETS - 23000,23100,23180
SELL BELOW - 22850
SL - 22900
TARGETS - 22780,22710,22640
NO TRADE ZONE - 22850 to 22950
Previous Day High - 23000
Previous Day Low - 22850
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
In a range. Look for break out. Nifty is stuck in a range between 23100 and 22870. Though the higher time frame fair value gaps suggest a bullish price action, the news based uncertainty tells us to trade with caution. Wait for a break out on wither side. In this rage trade only if you are able to read the fine but violent moves.
Understanding the Bullish Momentum in S&P CNX NIFTY: AnalysisUnderstanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis
The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence. In this blog, we’ll delve into the specifics of this movement, examining the data on traded contracts, open interest, and changes in call options, to provide a comprehensive understanding of what this means for traders and investors.
Key Data Points
- **Spot Price:** 22,957.1
- **Strike Price:** 23,000
- **Max Traded Contracts:** 4,860,989
- **Call Open Interest (OI) (All Strike Prices):** 98,551.95 K
- **Call Turnover % Change (All Strike Prices):** 152.79%
- **Call Contracts % Change (All Strike Prices):** 150.70%
- **% Change in OI (All Strike Prices):** 62.43%
Breaking Down the Numbers
Spot Price vs. Strike Price
The spot price of the S&P CNX NIFTY is at 22,957.1, just shy of the 23,000 strike price. This proximity to a significant psychological and technical level suggests that traders are closely watching this threshold. It often acts as a key battleground for bulls and bears, influencing trading strategies and market sentiment.
Maximum Traded Contracts
A whopping 4,860,989 contracts traded at the 23,000 strike price underscores the high trading activity and interest. This volume signifies that a large number of traders are actively participating at this level, betting on the direction of the NIFTY.
Call Open Interest (OI)
With call open interest standing at 98,551.95 K across all strike prices, there’s a clear indication that traders are predominantly taking long positions in call options. This high open interest reflects expectations of further price increases, as call options provide the right to buy at a predetermined price, benefiting from upward movements.
Surge in Call Turnover
The 152.79% increase in call turnover points to a significant rise in the value of call options traded. This surge is likely driven by increased buying activity, suggesting a strong bullish sentiment. Traders are willing to pay more for call options, anticipating that the NIFTY will continue its upward trajectory.
Increase in Call Contracts
The number of call contracts traded has jumped by 150.70%. This substantial increase reinforces the bullish sentiment, indicating that more traders are entering the market with a positive outlook. The rise in call contracts suggests growing confidence in the market’s upward potential.
Change in Open Interest
The open interest has risen by 62.43%, showing that a large number of new positions are being created. This increase in OI is a strong signal of market engagement, with traders committing capital in anticipation of further price movements. High open interest typically correlates with increased liquidity and market depth.
Conclusion
The data paints a picture of a bullish market sentiment for the S&P CNX NIFTY. The close proximity of the spot price to the 23,000 strike price, coupled with high trading volumes and significant increases in call turnover, contracts, and open interest, all point towards a market poised for upward movement. Traders and investors are clearly optimistic about the NIFTY’s prospects, positioning themselves for potential gains as the index approaches and potentially surpasses the 23,000 mark.
Market Sentiment and Future Outlook
The bullish outlook on the NIFTY could be driven by several factors, including strong economic indicators, positive corporate earnings, or favorable market conditions. However, it’s essential for investors to remain vigilant, considering broader market trends and potential risks. While the data suggests optimism, market dynamics can shift rapidly, influenced by global events and domestic policies.
Disclaimer
This analysis is intended for educational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Understanding market trends and data is crucial, but so is considering your risk tolerance and investment goals.
By keeping an eye on these indicators and understanding the underlying market sentiment, traders and investors can make more informed decisions, leveraging the bullish momentum of the S&P CNX NIFTY to their advantage.
NIFTY INTRADAY LEVELS FOR 28 MAY 2024BUY ABOVE - 22960
SL - 22910
TARGETS - 23020,23100,23180
SELL BELOW - 22910
SL - 22960
TARGETS - 22850,22780,22780
NO TRADE ZONE - 22910 to 22960
Previous Day High - 23100
Previous Day Low - 22910
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 23/05/2024BUY ABOVE - 22640
SL - 22590
TARGETS - 22710,22780,22830
SELL BELOW - 22550
SL - 22590
TARGETS - 22500,22440,22350
NO TRADE ZONE - 22550 to 22640
Previous Day High - 22640
Previous Day Low - 22500
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 22/05/2024BUY ABOVE - 22550
SL - 22500
TARGETS - 22590,22640,22710
SELL BELOW - 22500
SL - 22550
TARGETS - 22440,22350,22300
NO TRADE ZONE - 22500 to 22550
Previous Day High - 22590
Previous Day Low - 22440
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍