The Nifty spot intraday trend forecast for December 19, 2024The Nifty intraday trend is likely to be bearish tomorrow ie December 19, 2024. The positional trend also looks bearish till the end of the month. There are strong support zones for Nifty spot on the positional side at 23678 and 23381 by end of December 2024.
For the positional Nifty trend forecast chart, please refer to the post dated on 30th November 2024 published for Trading view members only.
The content provided here is only for the educational purposes.
Expiryday
Expiry Day Post Market Analysis - Nifty BankNifty-23nd Mar ’23Below mentioned points are discussed in my post analysis video(Fast forward to 3:40 for Hindi Audio)
-Opening Trade discussed in yesterday' post market gave 100+ points
-Gave a 200 point Long trade in Banknifty.
-Lost 100 points profits after 2 pm(tsl hit).
-How will i trade when market opens tom.
16th Mar ’23-Day Trader’s Post Market Analysis -Nifty BankNiftyBelow mentioned points are discussed in my post analysis video(Fast forward to 3:40 for Hindi Audio)
-Sharing Logic & Orderbook-Easy Expiry.
-Good Buy Volumes on Nifty & BankNifty(Explained Many Times)
-How i caught the bottom in Nifty
-How will i trade when market opens tom.
23rd Feb ’23 Expiry Day - Post Market Analysis Nifty BankNiftyBelow mentioned points are discussed in my post analysis video
-Why did i not trade in first half-Expiry Day :(
-Buying & Shorting opportunities in banknifty and nifty in the morning.
-My idea on expiry day gave 1:2.
-How will i trade when market opens tomorrow
BankNifty | Market Prediction for Tomorrrow | 12th Jan | Expiry Hey Friends,
My view sideway to bearish tomorrow and again could be a range bound market. Mark today high and low and both could be reverse side good call. lets say it breaks 41800 then it'll come back and we can have a good CE call but do check the bullish hammer or doji at the bottom and vice versa at the top.
Thanks,
08/12/2022 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data, the Market is going to open flat today.
If the Banknifty opens flat and breaks the last day low, then the down side Banknifty can be seen today. You can open the target for 42800 - 42600
If the Banknifty opens flat and sustains above 43200 till the last day which does not break then there will be no chance for entry today
Major Level 43200,43000,42900
Nifty 50 Intraday Trade Setup for 07h July Expiry sessionThe Index rally in yesterday's trading session was excellent, with More than a 1% gain after the 21st of June. Global sentiment is Positive. Crude oil is trading below 100$ after may month, and now waiting for DXY to cool off to keep the momentum on.
On the daily chart, the Index is trading on the trend line resistance with a long bullish candle but still needs to sustain above 16,000 and close above it.
ABCD pattern activated, and the PRZ area is 16,344
XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing
Intraday
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Used 30-minute TF to calculate the Intraday levels for the weekly Expiry. The lower Time frame also has a Positive Price structure for the target of 16,268.
Intraday Resistance : 16,030
Intraday Support : 15,900
Trade Accordingly
Nifty still in a downtrend butMy Analysis of Nifty
Looking at the Open interest data 18000 has a very strong resistance with very new call writers at 18000, 18050, 18100,18200, 18300 levels.
PCR is 0.5 suggesting that its oversold
Max Pain at 18000
Support shown at 17923(100 day moving average on hourly charts)
PCR and support suggest that the market might open in the green tomorrow, however, trend continues to be downtrend so data suggests it may remain remain flat tomorrow, upside seems very difficult.
Also, FII were net sellers with -2704.77 crores and DII were also net sellers: -195.07 which suggests weakness
Will be looking for opportunities to Sell calls on uptick. Short with caution
I do expect the closing to be around 17900-18050
Disclaimer: Please trade based on your own analysis and protect your capital
Banknifty October 8th Expiry RangeBank Nifty is what we can say a strong instrument with much robust liquidity.
It has recently on daily timeframe made M pattern fail to regain as a strong upmoving instrument. The bias is bullish.
Three possible scenarios arises as per the behavior of the BN on open: thus three possible paths to be a possibility .
Any other movement from above these three paths means that market is either in trending mode or non tradable.
Does Quadruple Witching affect Bitcoin price?We have another quadruple witching date coming up next June. This is when all three classes of options expire (stock, stock index, and stock index futures options) along with single stock futures options.
I plotted all the previous QW dates with green arrows.
As time goes on, they seem to be indicative of market tops and bottoms (most notably 2015-2016).
Perhaps this is simply a function of investors and funds looking for places to drive/harvest cash around option expiry season