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Niftyindia

Market Outlook plus Short Term Resistance and Supports for NIFTYNifty is very delicately standing between a strong support and resistance. There are very big chances that it will break free next week in one direction. Looking at global factors and other indicators it seems that Nifty will break out on the negative side or at least it might start the week on a negative side. Major Supports: 17274 (this is a major support but might not work or support nifty if we have a gap down opening on Monday.) Other major supports will be 17010, 16951 and 16896. Below 16896 we can see a free fall up to 16749 or 16309. Major Resistance: 17430 is a mega resistance as of now. Above 17430 we can see a bullish move till 17626 or 17961.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels & Strategy for 07/Oct/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 continued with it's excellent performance. Finally, we have seen decent profit booking action. Initially bulls got good chance to earn, later option writers took over and finally profit booking gave chance to bears as well. Overall, good recovery from 100 DMA in last few days but Nifty is still trading below 50 DMA. We need to trade cautiously at higher levels as US dollar index started heating up again. NIFTY SCORECARD DATED 06/OCT/2022 NIFTY IS UP BY 58 POINTS Name Price Previous Day Change % Change Nifty 17332 17274 57.50 0.33% India VIX 19.32 19.57 -0.25 -1.30% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 17500 (Open Interest: 4346500, CE LTP: 73) Max OI (Puts) 17000 (Open Interest: 2472700, PE LTP: 59.35) PCR 0.82 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Shall we continue to look for buy on dips opportunity at support levels & sell on rise near resistance levels with strict SL????? Yes, I think so in case we get quality trading setup in either direction. What do you think? Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
NIFTY50 is looking Bullish.🤑 Nifty is likely to be Bullish till it's above 16930. ❓ Reason: Because there is ATM Machine No trade Zone Bottom Point. 🚧 Upside Hurdles: 17100, 17240. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 🟢 Positional Trend is Positive. 🟢 Long Term Trend is Positive. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any type of indicators for finding out of levels. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYLong
by OhoTrading
Nifty Levels & Strategy for 29/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 closed in red and below 50 DMA but defended 100 DMA level. Nifty is oversold. As expected, IT stocks started moving up from lower levels. Today also buy on dips and sell on rise strategy worked well. Is higher volatility from last 2 days indicating temporary bottoming process. Today, US market is trading in green. Let us expect a good recovery in next few days from 2 year's low levels. Traders should short/take bearish positions at higher levels with strict SL only otherwise they may get into beartrap. NIFTY SCORECARD DATED 28/SEP/2022 NIFTY IS DOWN BY -149 POINTS Name Price Previous Day Change % Change Nifty 16859 17007 -148.80 -0.87% India VIX 22.10 21.57 0.53 2.45% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 9576050) Max OI (Puts) 16500 (Open Interest: 6235950) PCR 0.61 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 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 ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Nifty Levels & Strategy for 28/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 closed flat -9 below 50 DMA. Nifty is clearly oversold. As expected, IT stocks start showing sign of recovery from lower levels. Today, Bulls (buy on dips) as well as bears (sell on rise) got the opportunity to trade. However, volatility was quite high. Yesterday, US market closed near 2 year low and today, US markets are trading green. Shall we expect a relief rally/bounce tomorrow? I WILL BE TRYING TO FIIs DATA ANALYSIS ONCE AVAILABLE IN ADDITIONAL COMMENTS. NIFTY SCORECARD DATED 27/SEP/2022 NIFTY IS DOWN BY -9 POINTS Name Price Previous Day Change % Change Nifty 17007 17016 -8.90 -0.05% India VIX 21.57 21.89 -0.33 -1.48% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 8663050) Max OI (Puts) 16000 (Open Interest: 6248500) PCR 0.57 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Liquidation, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 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 ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
Nifty Levels & Strategy for 27/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 continued with it's correction and closed below 50 DMA. Overall correction in last one week is really significant. US market has also corrected significantly. Nifty as well Global markets are highly oversold. If IT sector start performing then Nifty may not only defend 200 DMA but also bounce back & close above 50 DMA. FIIs have sold heavily in cash & added bullish positions in F&O. Shall we expect a bounce/relief rally in next few days? Bears should trade carefully to avoid getting into beartrap. NIFTY SCORECARD DATED 26/SEP/2022 NIFTY IS DOWN BY -311 POINTS Name Price Previous Day Change % Change Nifty 17016 17327 -311.05 -1.80% India VIX 21.89 20.59 1.30 6.31% OPTION STATISTICS BASED ON 29/SEP/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 10180500) Max OI (Puts) 16000 (Open Interest: 6384900) PCR 0.56 (PCR is in oversold zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Short Covering, FAR OTM:Long Buildup Shall we continue to look for sell on rise opportunities ????? Yes, I think so. What do you think? 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 ????? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta