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Niftyoptions

Nifty Index View [Expiry: 08-08-2024]After a notable expiry week characterized by significant activity, the current Nifty expiry week commenced under less favorable conditions. This analysis explores the Nifty Index from both the expiry candle and options technical perspective to provide a comprehensive view of the market dynamics. Expiry Candle Analysis: This week's expiry candle started at the pivot point but closed below it, suggesting an initial bearish momentum. If the downtrend continue, the next support could be expected around 24,575, which aligns with S1 of the expiry pivot. Further decline might test the S2 at 24,415 - a pivotal level as it also corresponds to last week's expiry low. In terms of resistance, Pivot, TC (Top Central), and BC (Bottom Central) could serve as key barriers in the short term. The analysis leverages Fibonacci pivot calculations based on the expiry OHLC (Open, High, Low, Close) data. Historically, a relatively quiet week often follows a highly active expiry week. Given this pattern, the current week might lean towards a neutral or slightly negative close, echoing the subdued sentiment post-high volatility periods. Options Analysis: Instead of focusing on volume or open interest, this review emphasizes a technical assessment of the options chain. Technical ratings added to the monthly expiry options reveal that: Call Options: Moving Averages are indicating a strong sell signal, with Oscillators showing a mix of neutral and sell signals, suggesting bearish expectations. Put Options: Moving Averages are mostly neutral while Oscillators are leaning towards buy signals, indicating some expectation of upward price movements yet underscored by caution. Near Term Options Outlook(Current Expiry): Call Side: Signals are overwhelmingly negative, pointing towards bearish market expectations. Put Side: Presents mixed signals, which could imply uncertainty or a potential for slight recovery, but the overall sentiment remains cautiously pessimistic. Conclusion: Both the expiry candle and technical indicators from the options chain suggest a market leaning towards a neutral to negative closure for the current expiry period. Traders should consider integrating additional data and analyses to corroborate these findings and refine their market strategies.
NSE:NIFTY
by tanayroy
5
Nifty_Intraday (11-Jul-2024)The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details: Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted. Exponential Moving Average (EMA): A 20-period EMA is plotted, which helps in determining the trend and potential support or resistance areas. Trading Signals: -Buy Signal: There's a green arrow pointing upwards with the annotation "Buy Above 24375 Tgt Open for 24500+". This indicates a potential bullish breakout strategy where buying is recommended above 24,375 with an open target extending towards 24,500 or beyond. -Sell Signal: A red arrow points downwards with the annotation "Sell Below 24250 Tgt 24000-". This suggests a bearish strategy recommending selling below 24,250 aiming for a target around 24,000.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (10-Jul-2024)The image displays a chart for the Nifty 50 index from the National Stock Exchange of India, showing intraday movements on a 15-minute time frame. The chart includes details such as: Date and Time: Published on July 9, 2024, at 18:55 IST. Index Information: The Nifty 50 Index is shown at various prices, with the current price being 24,417.25, down by 16.80 points. Technical Analysis: There's a 20-period Exponential Moving Average (EMA) indicated at 24,401.59. Trading Recommendations: -Buy Signal: A green arrow points upwards with a note to "Buy Above 24450" targeting an open position above 24,550. -Sell Signal: A red arrow points downwards suggesting to "Sell Below 24375" with a target (Tgt) of 24,275 or lower.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (09-Jul-2024)Description: Explore intraday trading analysis for Nifty 50. We've identified critical buy and sell levels based on the latest candlestick patterns and EMA trends. Buy Signal: Consider a long position if Nifty 50 rises above 24,350, with an open target of 24,450+. This move suggests bullish momentum could extend further, offering a potential profit opportunity. Sell Signal: A short position is advisable if the index drops below 24,265, targeting 24,150-. This setup is based on recent resistance and the potential for downward continuation. Chart Details: -Time Frame: 15 minutes -Indicator: 20-period Exponential Moving Average (EMA) Trading Strategy: The strategy utilizes precise entry and exit points to capitalize on short-term price movements. Risk management through stop-loss orders at strategic levels is recommended to minimize potential losses.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (05-Jul-2024)The image is a chart displaying the 15-minute price movements of the Nifty 50 Index for July 3rd and 4th, 2024. It includes technical analysis with marked buy and sell signals: -Buy Signal: A suggestion to buy above 24,350 with a target open for 24,450 or more. -Sell Signal: A recommendation to sell below 24,275 with a target of 24,125 or lower. The chart also shows the 20-period Exponential Moving Average (EMA), which helps traders gauge the trend direction and potential support or resistance levels.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (03-Jul-2024)15-minute intraday chart for the Nifty 50 index from a trading view. It includes data and trading strategies for July 4th, 2024. The chart displays price movements with a plotted Exponential Moving Average (EMA). There are strategic points marked for buying and selling: Buy Signal: The chart suggests buying if the index moves above 24,325 points with a target open for reaching above 24,450 points. Sell Signal: The chart suggests selling if the index falls below 24,225 points, with a target of reaching around 24,100 points.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (02-Jul-2024)An intraday trading chart for the Nifty 50 Index on July 2, 2024, captured in 15-minute intervals. Here's a detailed overview of the chart: Candlestick Format: Utilizes candlestick bars to depict price action for each 15-minute period, indicating open, high, low, and close prices. Exponential Moving Average (EMA): A blue line representing the 20-period EMA is visible, which helps traders identify the trend's direction and dynamic levels of support or resistance. Trading Signals: -Buy Signal: A green arrow points upwards, suggesting to buy if the Nifty exceeds 24,150, with an open target potentially reaching or surpassing 24,275. -Sell Signal: A red arrow pointing downwards indicates a selling opportunity if the index falls below 24,075, with a target of 22,950. Technical Analysis Overview: The chart illustrates the Nifty's price movements within a sideways to an upward trend, using the EMA line as a reference point for potential support or resistance levels. The annotations provide strategic entry and exit points based on specific price thresholds.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (01-07-2024)The image displays a trading chart for the Nifty 50 Index, showing a 15-minute interval, as observed on July 1, 2024. Here are the key features of the chart: Candlestick Format: Each bar represents a 15-minute trading interval with indications of opening, high, low, and closing prices. Exponential Moving Average (EMA): A blue line represents the 20-period EMA, providing insight into the trend's direction and potential support or resistance levels. Trading Signals: -Buy Signal: A green arrow suggests buying if the Nifty moves above 24,035, with an open target above 24,150. -Sell Signal: A red arrow indicates a selling position if the index drops below 23,950, aiming for a target of 23,825. Technical Overview: The chart captures the intraday movement of the Nifty index, illustrating volatility and potential trading zones based on the EMA and past performance.
NSE:NIFTY
by Praveenmor7
Nifty Intraday (26-06-2024)Price Levels: The Nifty is trading at 23,721.90, with the high and low for the session being 23,754.15 and 23,715.30, respectively. Exponential Moving Average (EMA): A 20-period EMA is plotted on the chart with a value of 23,656.26. Support and Resistance Levels: The chart displays several horizontal lines indicating key levels: 23,731.65 23,665.85 23,570.05 23,385.50 Trading Signals: Buy Signal: "Buy Above 23,750; Target Open for 24,000" indicated by a green arrow pointing upward. Sell Signal: "Sell Below 23,665; Target 23,500" indicated by a red arrow pointing downward. The chart is likely used for intraday trading strategies, providing specific levels to enter buy or sell positions based on the Nifty 50's price movements.
NSE:NIFTY
by Praveenmor7
NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case). TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!). Trade accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
Understanding the Bullish Momentum in S&P CNX NIFTY: AnalysisUnderstanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence. In this blog, we’ll delve into the specifics of this movement, examining the data on traded contracts, open interest, and changes in call options, to provide a comprehensive understanding of what this means for traders and investors. Key Data Points - **Spot Price:** 22,957.1 - **Strike Price:** 23,000 - **Max Traded Contracts:** 4,860,989 - **Call Open Interest (OI) (All Strike Prices):** 98,551.95 K - **Call Turnover % Change (All Strike Prices):** 152.79% - **Call Contracts % Change (All Strike Prices):** 150.70% - **% Change in OI (All Strike Prices):** 62.43% Breaking Down the Numbers Spot Price vs. Strike Price The spot price of the S&P CNX NIFTY is at 22,957.1, just shy of the 23,000 strike price. This proximity to a significant psychological and technical level suggests that traders are closely watching this threshold. It often acts as a key battleground for bulls and bears, influencing trading strategies and market sentiment. Maximum Traded Contracts A whopping 4,860,989 contracts traded at the 23,000 strike price underscores the high trading activity and interest. This volume signifies that a large number of traders are actively participating at this level, betting on the direction of the NIFTY. Call Open Interest (OI) With call open interest standing at 98,551.95 K across all strike prices, there’s a clear indication that traders are predominantly taking long positions in call options. This high open interest reflects expectations of further price increases, as call options provide the right to buy at a predetermined price, benefiting from upward movements. Surge in Call Turnover The 152.79% increase in call turnover points to a significant rise in the value of call options traded. This surge is likely driven by increased buying activity, suggesting a strong bullish sentiment. Traders are willing to pay more for call options, anticipating that the NIFTY will continue its upward trajectory. Increase in Call Contracts The number of call contracts traded has jumped by 150.70%. This substantial increase reinforces the bullish sentiment, indicating that more traders are entering the market with a positive outlook. The rise in call contracts suggests growing confidence in the market’s upward potential. Change in Open Interest The open interest has risen by 62.43%, showing that a large number of new positions are being created. This increase in OI is a strong signal of market engagement, with traders committing capital in anticipation of further price movements. High open interest typically correlates with increased liquidity and market depth. Conclusion The data paints a picture of a bullish market sentiment for the S&P CNX NIFTY. The close proximity of the spot price to the 23,000 strike price, coupled with high trading volumes and significant increases in call turnover, contracts, and open interest, all point towards a market poised for upward movement. Traders and investors are clearly optimistic about the NIFTY’s prospects, positioning themselves for potential gains as the index approaches and potentially surpasses the 23,000 mark. Market Sentiment and Future Outlook The bullish outlook on the NIFTY could be driven by several factors, including strong economic indicators, positive corporate earnings, or favorable market conditions. However, it’s essential for investors to remain vigilant, considering broader market trends and potential risks. While the data suggests optimism, market dynamics can shift rapidly, influenced by global events and domestic policies. Disclaimer This analysis is intended for educational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions. Understanding market trends and data is crucial, but so is considering your risk tolerance and investment goals. By keeping an eye on these indicators and understanding the underlying market sentiment, traders and investors can make more informed decisions, leveraging the bullish momentum of the S&P CNX NIFTY to their advantage.
NLong
by ruelfernandes
NIFTY BOUNCES from the ASTRA LineWe have been holding the LONG position (CE) from our entry on 14th morning. The price saw a downward movement today exactly touching the Risological Astra line and taking a bounce back upwards. Market has overall bullish sentiments especially considering the fact that the election results are nearing and this bullish momentum could be a hidden bullish divergence that we are going to see the next day after the election result. BJP wins = Market Bullish INDI Alliance wins = Market Crash So, big moves are coming soon in the market. Hold your breath, homies!
NSE:NIFTYLong
by ProfitsNinja
NIFTY 780+ Points and RunningGUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results are round the corner, so expecting crazy moves soon. I will update with fresh opportunities. Watch this space or follow my profile to catch moves.
NSE:NIFTYShort
by ProfitsNinja
Analysis for Nifty Swing Position We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart. This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio. But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
NSE:NIFTYLong
by WavesandZones