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Niftyanalysis

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
NSE:NIFTY Analysis/Prediction for tomorrow 17-08-2022NSE:NIFTY Analysis/Prediction for tomorrow for flat opening 🟢 Buy CE above 17840 ✔️ Target Should be 17950 🔴 Buy PE below 17775 ✔️ Target Should be 17725,17670 for Gap-UP opening 🟢 Buy CE near 17825 ✔️ Target Should be 17950 🔴 Buy PE below 17800 ✔️ Target Should be 17725, 17550 for Gap-Down opening 🟢 Buy CE above 17840 ✔️ Target Should be 17950 🔴 Buy PE below 17770 ✔️ Target Should be 17670 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
Nifty Important levels and trade plan for Tuesday, 16.08.22SGX Nifty is currently 135 points plus as compared to the closing of Nifty at 3:30 PM of 12th August, and is reaching towards its important resistance zone, and we may expect a reversal form there, and by tomorrow morning if it reverses then we may see a flat to slight gap up opening in Nifty. If not then mw may need to ready for a huge gap up opening. Now, if we see Nifty In daily time frame, then it is at the top of a channel which was followed by Nifty from last almost a year and at he same time if we see the RSI in same time frame, it is near 80. So from this two points we may come to a conclusion that, it will be essay for Nifty to break this line in current flow. If it has to continue its up move, then must hover around this point and then may continue, or need to do some corrections, and then eventually go up. So if tomorrow Nifty opens above this channel, and try to move upside, we should be more cautious, while taking a trade, specially a buying one, as it may spend good amount of time hovering in this region. For any activity of Nifty below this level, we may initiate a bearish trade, if forms a proper price action, and after crossing below tomorrow’s CPR at 17654. In case of huge gap up opening, anything near marked resistance levels, at 17842 or near 17777, after, we will go for selling, after initial settlements. Important support levels will be at 17654, 17602 and 17560. Below are the important levels for tomorrow Daily Central Pivot Range from 17685 to 17661 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 15th August, 10:02 PM** ***Personal opinion, not a trading advice***
NSE:NIFTY
by rahulbora11
Nifty Levels for 16/08/2022Dear 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 was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking? Will Nifty offer us buy on dips opportunities? Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap? Wish you all a profitable trading day ahead!
NSE:NIFTY
by manishmgupta
NSE:NIFTY Analysis/Prediction for tomorrow 16-08-2022NSE:NIFTY Analysis/Prediction for tomorrow 16-08-2022 Due to the Long weekend try to trade after watching the one-hour price action. for flat opening 🟢 Buy CE above 17724 ✔️ Target Should be 17795 🔴 Buy PE below 17680 ✔️ Target Should be 17600, 17515 for Gap-UP opening (below 17780) 🟢 Buy CE above 17820 ✔️ Target Should be 17950 🔴 Buy PE near 17800 or below 17700 ✔️ Target Should be 17725, 17550 for Gap-Down opening 🟢 Avoid CE 🔴 Buy PE near 17700 ✔️ Target Should be 17550 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