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Niftyindia

Nifty Outlook 21st November to 25th November 2022Market Outlook : Market gave a good close on Friday after testing the support around 18029 levels. The close above 18300 is an indication of good strength. Mid-Cap and Small-Cap stocks are staring to looks oversold and might start to form bottom in a week or Two. Nifty has formed a perfect ‘Doji’ candle showing indecisiveness and can break out on either side. Nifty will be very bullish and go towards All time high above the levels of 18446. Nifty can also break down and search for more supports below 18205 levels. Important Resistances : 18446 and 18604. Important Supports : 18205 and 17969.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 50 Price action today Friday 18/11/2022We have seen very volatile expiry. Buyers had shown their confidants well. But the triple pattern break was in a down trend. Now wave 5 and wave 3 have been confirmed. As you are seeing a big correction wave after 5 wave finish. And also a 5 wave down trend pattern in itself can be seen on the chart. 18200 -18230 range is likely to have a retracement. It is the fourth correlation wave to small retracement of the 5 wave downtrend. Anyway lets wait for the next impulse wave which is 5th wave of 4hr time frame, as i said the 3rd impulse also we confirmed yesterday. As per the wave pattern this downtrend is valid whenever nifty holding its price range above 17500. However Nifty is very confident of not going below 17900.
NSE:NIFTY
by DeepuPrabhakarTrade
Nifty 50 Price action today expiry 17/11/2022Looking at elliott waves, we can see that Nifty has now completed a C pattern yesterday (5 and 15 min time frame ). As well as the start of an impulse wave. Once this has proceeded as an impulse wave. As you can see the second wave retraces from that yellow box and continues the upward trend and 3 rd wave impulse. If we look at the open interest, we have reasonable support at 18300 and if Nifty is not able to sustain that level, a decline will happen. As per my earlier posts, a steep decline can happen anytime until we confirm the end of wave 5 of lower time frame or wave 3 of the 4 hour time frame. it will be the last correction for this year.
NSE:NIFTY
by DeepuPrabhakarTrade
Nifty Levels & Strategy for 16/Nov/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 is slowly & firmly inching towards new lifetime high after decent consolidation. Today short covering in ATM & mild buying lifted the Nifty beyond 18400 plus level. Nifty is trading with positive bias. However, retail traders should continue to book profit near 52W high level and stay light & look for good quality trade setup. Shall we look for buy on dips opportunities near major support levels?????? Yes, I think so till the trend is positive. Please find below scorecard & options statistics. NIFTY SCORECARD DATED 15/NOV/2022 NIFTY IS UP BY 74 POINTS Name Price Previous Day Change % Change Nifty 18403 18329 74.25 0.41% India VIX 14.64 14.91 -0.27 -1.84% OPTION STATISTICS BASED ON 17/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 7339350, CE LTP: 0.9) Max OI (Puts) 18300 (Open Interest: 8316150, PE LTP: 24) PCR 1.15 (PCR is in buying Zone) Nifty Calls: ATM: Short Covering, OTM:Short Buildup, ITM:Short Covering, FAR OTM:Long Liquidation Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
NIFTY FOR TOMMOROW -14 Nov 22 - 18 Nov 22Weekly Chart Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157. During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high. Week's Candle: Indecisive candle( Hanging man types) Next week's opening Probability: Gap up or gap down Volatility: indecisive candles near high suggesting increased volatility. Positional Support @ 17850- 17950 View: Positive - as long index trades above 17850. Daily Chart Nifty 50 opened with a gap of approx 285 points, that's a huge opening controlled by the bulls. Since Opening prices sustained the gap and moved slowly to the upside and closed near the day's High. i. e 18349.70 Current levels:18350 Immediate support @ 18160-18200 Immediate Resistance @ 18550 View: Buy on a dip near support levels.
NSE:NIFTYLong
by manuagarwal21
Nifty Levels & Strategy for 09/Nov/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 opened with a gap-up. Immediately profit booking brought it down. Later, Nifty recovered nicely from day's low and closed near day's high. This clearly indicates profit booking at higher levels and buying interest near support levels. Every dip is getting bought from past few weeks and profit booking is obvious near lifetime high. Nifty is slowly inching towards new lifetime high which is just a number amid global issues. Big players are buying in cash & adding bearish positions in F&O. Retail traders needs to trade very carefully near lifetime high and work level by level with strict SL. US market is trading firmly in green. Let us expect another gap-up tomorrow morning. Option (call) writers are doing quite well after gap-up and put writers near major support levels. Big players are enjoying option theta decay. Retails traders must hedge their overnight positions. NIFTY SCORECARD DATED 08/NOV/2022 NIFTY IS UP BY 86 POINTS Name Price Previous Day Change % Change Nifty 18203 18117 85.65 0.47% India VIX 15.59 15.66 -0.07 -0.45% OPTION STATISTICS BASED ON 10/NOV/2022 EXPIRY DATA Max OI (Calls) 19000 (Open Interest: 9641950, CE LTP: 1) Max OI (Puts) 18000 (Open Interest: 8745100, PE LTP: 19) PCR 0.84 (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
NSE:NIFTY
by manishmgupta
NIFTY 50 for tomorrow - 8TH NOVEMBER 2022Nifty opened with a huge gap today @ 18215( vs. yesterday's close @ 18127). The index saw a sell-off in the first hour of the trading, followed by weakness in the next following hours as well, and made a low of 18064. Though it recovered post 1.30 p.m and was able to close near the day's High. Today's candle: Long legged Spinning candles Candle Interpretation: Long-legged candle at highs, suggesting increased volatility and increased risk of buyers trapping at highs. Since all the time frames still look good and the price is also positive, one can still hold their long position but with strict stop loss, and it's better to play light in the current market price scenario. IMMEDIATE SUPPORT: 18160 - 18166 IMMEDIATE RESISTANCE: 18200-18240
NSE:NIFTYLong
by manuagarwal21
NIFTY FOR TOMMOROW - 02-Nov- 2022Nifty opens Gap up today - continued yesterday's move. Formed an Indecisive candle above the resistance zone. Tomorrow Expectation: High Chances of a Gap up or Gap down the opening. The gap-up opening can open up more space on the upside and nifty can move towards 18250- 18270 levels. In case of Gap down opening above 18060 levels, nifty will still try to move higher. Gap down opening below 18060, wait for a positive price action to initiate any trade on the long side.
NSE:NIFTYLong
by manuagarwal21
Nifty Levels & Strategy for 31/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 traded within a range & performed as expected. Profit booking was done at higher levels and buying emerged at lower levels. US market clsoed in green. SGX Nifty closed almost 200 points up. Is Nifty is getting ready to cross 18K amid ongoing global issues (Key issues to be considered are US FED hike in Nov & RBI's corrective action). Is sell on rise & buy on dips working????? However, please do review the following Nifty scorecard data which will give you clear idea about long & short positions in Calls & Puts. NIFTY SCORECARD DATED 28/OCT/2022 NIFTY IS UP BY 50 POINTS Name Price Previous Day Change % Change Nifty 17787 17737 49.85 0.28% India VIX 15.92 16.60 -0.68 -4.07% OPTION STATISTICS BASED ON 03/NOV/2022 EXPIRY DATA Max OI (Calls) 18200 (Open Interest: 4977800, CE LTP: 9.4) Max OI (Puts) 17700 (Open Interest: 4514950, PE LTP: 85.8) PCR 0.92 (PCR is in bearish zone) Nifty Calls: ATM: Long 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
NSE:NIFTY
by manishmgupta