Nifty Intraday for 22 April We saw a V-shaped recovery in Friday's trading session, but it came after a considerable downfall throughout the week, so it was hard to trust this recovery. It might be a dead cat bounce or a trap; however, as intraday traders, we must engage in trading regardless of the market's behaviour. Only rule-based traders can thrive in this bearish market.
Niftyoptions
Detailed Weekly Analysis for Nifty.
This is the Monthly chart to understand the biggest picture for Swing positions.
This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand.
Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure.
This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
Nifty Price ActionThis is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
Nifty Analysis At March EndThese the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete.
If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
NIFTY--Bull & Bear Trap?? Liquidity & More Liquidity ??Price is closed near the Support zone at 22000 levels...
we are still left with the liquidity below 21850 levels.
Bear Trap::
what happens if the liquidity cannot be done now...
If this time price failed to push downside more chances of fall below 21850 levels from topside.
If price opens up and continue to move upside there will be one more fall from the topside.
then the price won't respect the neckline as well, just gives pull back if possible, and eliminate all shorts, and it will continue its momentum towards top levels.
Those who are carrying the puts this time price manipulation done, by taking the price towards upside.
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Bull Trap::
When bear trap happens,
then price closing is given near the resistance levels,
then this time every one thinks that price is unable to break the bottom side,
so it is still in bullish and everyone then looks for long side.. by keeping the stop loss at 21850 levels, which is failed to break now.
this time price clears the stop losses at 21850 and again showing bullishness, this is pullback for short side continuation and again falls to grab all the liquidity below 21500 levels.
Sell setup::
look for short side when price comes to these area at Right Shoulder. If don't at least take care from this levels before long side.
A strong Bearishness is observed from the 22400 levels...
the right shoulder is strong one, after the liquidity grab on topside above Right shoulder, price again turns to be bearish.
and price comes to the downwards with strong bearishness mostly gap down occurs.
this time price breaks the 21850 levels and grabs all the liquidity.
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Points::
1.If we see the chart not only price forms a head and Shoulders in lower time frame also in Higher time frame as well.
2.price broken the trendline as well.
Dynamics of NIFTY50 21750 March 2024 Call OptionDate: 20-03-2024
As a seasoned derivatives trader, I find myself constantly immersed in the intricate dance of market movements, option data, and technical analysis. Today, I delve into the world of NIFTY50 futures and options, particularly focusing on the March 2024 contract. Join me as I unravel the insights gleaned from my custom-built software, MRISKA DTS5, and share my perspective on the probable expiry level in terms of the strike price for this contract.
Let's embark on this journey by stepping back to the 29th of February 2024, the day the Nifty50 February 2024 contract expired. On that date, the Nifty50 spot settled at 21982.80, setting the stage for our analysis. One of the key observations from my data exploration was the significant short buildup in the 21750 call option .
The 21750 call option caught my attention with its last traded price of 626.10 and a stop loss level of 922.30, valid until 28th March 2024. Tracking its performance from 29-02-2024 to 20-03-2024, the option saw its highest high at 915.00 on 06-03-2024. Fast forward to today, the Nifty50 spot closed at 21839.10, while the 21750 call option stood at 262.40.
At this juncture, two distinct possibilities emerge. The first scenario entails the 21750 call option hitting the stop loss level of 922.30 by 28th March 2024. This outcome would signify a substantial move in the market, reflecting the dynamic nature of derivatives trading.
Conversely, the second scenario revolves around the Nifty50 spot settling below 21750 by the contract's expiry. This scenario hinges on various factors such as market sentiment, economic indicators, and global events that can influence market movements.
It's crucial to emphasize that my analysis and views are purely educational and should not be construed as trade recommendations. Derivatives trading demands a comprehensive understanding of risk management, market dynamics, and thorough research, which are essential for informed decision-making.
In conclusion, navigating the complexities of NIFTY50 futures and options requires a blend of data-driven insights, technical expertise, and a nuanced understanding of market behavior. As we approach the expiry of the March 2024 contract, the unfolding dynamics will offer valuable lessons and opportunities for traders and investors alike. Stay tuned for further updates as we continue to explore the ever-evolving landscape of financial markets.
NIFTY Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways.
If we look at the chart data now:
The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched this trendline multiple times, which makes it easier to break to the upside.
If we look at the OI data:
PCR = 1.11 shows a bullish market structure. If we look at the CE and PE activity, there is a huge amount of CE and PE writing on both sides. That indicates the market is going to be sideways. 22500 is Max-Pain.
FII and DII data do not show much of the information except that the market might open a small gap-down.
I am expecting the market to get consolidated.
Case 1: Market is sideways in orange region.
Case 2: Market breaks to upside till 22650. (Fib 1.414)
Reasons:
Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion.
Price taking resistance at resistance trendline. (Sideways)
RSI is 40-60, showing a sideways market structure. If it breaks 60 to the upside. The market can give targets till 22650, which is also the Fib 1.414 level.
PCR = 1.11 (1.34 to 1.11) shows Bears are actively adding positions, which might force the market to be sideways. (Sideways)
Verdict: Sideways or Bullish
Plan of action:
Case 1: Short straddle 22500 (Hedge with 20 premium)
Case 2: Sell 22500 PE (Hedge with 20 premium PE)
Ultratech heading down .?Is Ultratech heading down after touching all time high. ?
This stock has be consolidating from past 2-3 months and now finally gave the breakdown with good volume , But wait is it sustainable.?
10000 now looks like strong resistance for this stock and looks like it will further go downwards till 9316 and 9040 as per the fibs retracement level . But over all stock is very bullish
Disclaimer : This post is meant for education purpose do your own research before risking your account
NIFTY--Trendline Holds or Breaks??Nifty index is showing strong bearish pressure from the 22200 levels.
A drop base drop is done.
Price tested the demand zones at 21960 levels .
now it is ready to move again or fall back to below trendline to grab the liquidity.
On bottom side, strong support at 21800 levels with an intersection point at trendline...
this is likely to push the price upwards....
If price breaks the trendline an observation point of resistance at 22100-22150 level is the strong resistance to push the price downwards.
If consolidation is observed above this levels leads to an breakout above 22300 levels for the targets likely to be 22500 followed by 22600 levels by keeping the SL at 22100-22150 levels.
If price falls from 22100-22150 levels, it will consolidate on bottom side to test the 21300 levels of support and will likely to continue to bottom side.
this is the crucial place to observe in NIFTY To continuation or Bearish??
NIFTY--Drop Base Drop or Bullish??Nifty index is still in consolidation zone...
We have a chance of drop base drop.Keep in long side as long as price is in channel.
even though it is drop base drop we have to wait for clear short side confirmation,wait until the price breaks the trendline and retest for shortside..
we have a lot of liquidity lies below,we can enter long again on bottom side if we find any possibilities.It may continue to moving down chances are more.
so keep safe manipulation moves may appear,this is the place for manipulation.
we have a clear demand zone lies at 21960 levels.
If demand zone failed to push the price upside, then will think of complete short side, below 21600 levels.
NIFTY 50 Analysis For Feb 26th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 26th!,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 2 Imbalance Zones!
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For That Day.
Note : Those Levels Are For That Particular Day Only.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY 50 Analysis For Feb 16th!Hello Traders,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow.
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
#NIFTY Intraday Support and Resistance Levels -16/02/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 21950 level and then possible upside rally up to 22070 level in today's session. in case nifty trades below 21910 level then the downside target can go up to the 21790 level.
NIFTY 50 Analysis For Feb 15th!Hii,
Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 15th,
There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And One Resistance Became Support Zone.
The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day!
The Blue Arrow Path Showing The Direction of The Nifty 50. From The Imbalance Zones Expecting A Pullback And After That The Market Shoots UP!
Note : Those Levels Are Only For That Particular Day.
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
NIFTY--@Traingle Breakout??NIFTY Index is now at golden zone of fibonacci
we are still left with some more points on the bottom side at 21500-21520 levels...
previously a strong bullishness is observed as well from this zone...
price is also trading narrow in a trendline most chances of breakout from this levels...
wait for the price to break the trendline and retest for longer side...
otherwise a continuation may happens...
on bottom side we have strong support lies at 21300 levels...
keep mark this zone as well,if it will continue downside will look for buy at 21300 levels...
price clears the liquidity at 21600 levels....
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NIFTY-Trendline Liquidity @21600As of now NIFTY INDEX is still in Bullish.
now price is trading near its resistance zone...
today's trading session is important to continue moving upwards...
if price consolidation price will break the resistance....
we have a trendline liquidity below 21600 levels....
If price unable to break above liquidity will be finish...keep in long side as long as price is above the trendline.
NIFTY--Double Top or Inverse H&S ??Need some more trading sessions to analysis, to confirm upside or downside??
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support
NIFTY--Double Top??Nifty index is created a demand zone at bottom levels...
strong consolidation is observed today on top at Supply zone, liquidity grab is also done above the same supply zone...
if it forms a double top here it is likely to test the demand zones lies below 20800 levels
if it failed to make it, then a long continuation may again happens from 21300 levels....
keep safe from this zones.
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I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Analysis for a Swing Position in Nifty.
Price has reacted to the Sourcre Daily Demand and has headed towards its Destination of Daily Supply.
This is the Demand and Supply Equilibrium Curve showing us the levels
As Traders we gotta Buy low and sell high
This is a Buy Trade with a substantial Reward to Risk Ratio.