Alert! Nifty can fall 6000-5000Nifty move is just a trap for new investors so be careful and manage your risk
Niftyoutlook
Nifty Possible short term up trend before fallNSE:NIFTY - wave C in Nifty can continue till 11000 levels.
Possible short term up trend before trend reverses.
Nifty 50 Intraday & Expiry Day Trade Setup for 04th June 2020Good Morning all,
I did not give any buy or sell levels yesterday because of a gap up opening but explain that how you guys can setup your trade on 15 minute candle high and low to trade in a Trending market. Unfortunate both are not break in Intraday and trade has not come in Intraday. In second Trading session we had seen a major fall from 15 minute candle high and index fallen like a knife from the top and eat all day movement in just 1 hour . Some of guys think that index is gonna to correct from here but this is a profit booking move and we do not believe on it. Index is l bullish until it's not break 9,980 . Today is expiry so let's see what is the Key factor for today Trade Setup.
Key Factor
================
1- FIIS are still bullish and SGx nifty is trading on 10,151.00 which is 61 Point up from the previous closing so we are going to see a gap up Opening in our Nifty. 60-70 Point gap up possible
2- Dow Jones Industrial Average was up 251.67 points, which is almost 1.00% from Previous closing.
3-European shares and Index is also showing strength. European STOXX 600 rose 1.2%
4-Asian market also steady .
5-The Reserve Bank of India will not approve SR Batliboi & Co LLP, a local chartered accountancy firm affiliated with EY, for carrying out statutory audits of commercial banks for a year starting April 1.
The regulator found certain lapses in audit assignments carried out by the firm, the RBI said in a statement on its website.
The action stems from the special enforcement framework the regulator announced in June 2018 to take action against firms found to be lacking in their duties as statutory auditors.
SR Batliboi is the statutory auditor to private lenders HDFC Bank Ltd., IndusInd Bank Ltd., Kotak Mahindra Bank Ltd., Bandhan Bank Ltd. and The South Indian Bank Ltd.
6-Cabinet clears 6 month IBC holiday for bank defaulters from March 25. Can be extended by another 6 months CNBCTV18Live reports
7-Abu Dhabi’s Mubadala Investment is nearing a deal to invest about $1 billion into Jio Platforms. An announcement could come as soon as this week. Company is also in discussions with Abu Dhabi Investment Authority & Saudi Arabia’s The Public Investment Fund. (Bloomberg News)
Technical View
==================
Nifty has given a correction from yesterday high and that was a straight fall but Index is over all bullish and yesterday correction was just a profit booking . Index is still bullish and can hit their resistance Area which is 10412-10600. Index current support is on 9990 . Might be Index give you a sideways move because of expiry and trade in a range.
Option chain data
==================
Call Option : Maximum OI is still stand on 10000 but we have seen a call Unwinding Means Call writers are square off their position and switching on 10500 Level . Second highest OI is stand on 10500.
Put Option : 10000 is become a support and we can see it in OI data . Lot of contracts are adding in this price .
Trade Setup
====================
Today is writers and future scalper day. Momentum traders and Option buyers has no space for trading session .
Long : Open long build up if Index trade above on 10,180 Level. Sl is 10,140
Short : Short Position can build lower then 10,040 with 10,070 sl but remember only 50 points room is sell side so book profit before 9,990.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday Trade Setup for 03 June 2020Good Morning all ,
Everything is bullish here. right? but Index momentum would not trust you in buy also not in sell side. I agree that Index is going up and up but momentum is damn slow and very hard to understand. You guys has made good money if you trade yesterday on our levels 9.940 . Expiry is due on Thursday and we had seen a major up move since last 4-5 Trading session. Question is does trend will continue or we will see a profit booking today. Remember this up move was straight without correction and there is lot of chances to breach 9473-9500 Level in next week but as I always said every day is different then others so lets see what is the key factor for Today trade setup.......
Key Factor
================
1- FIIS are damn bullish and SGX up more then 100 Points over night. Trading on 10,080 . More then 100 Points from previous closing.
2- Dow Jones indexes hit new three-month highs. Trading on 25,8340. which is up more then 111 Points from previous closing.
3-European Market also close on three-month high on Tuesday on optimism around a post-corona virus economic recovery
4-Crude is also bullish and steady.
5-Investors need to be careful on this point...
Option chain data
=====================
In call 10,000 has still maximum OI 18.44 lac contracts but it can be switch on upper numbers if Index sustain above then 10k mark today.
in put 9,500 is still a strongest support zone and has maximum OI 10.56 lac contracts.
Technical view
====================
As per technical view Index has already break their resistance 9,900 and sustain above on it . now this area become an Intraday support zone. Resistance is on 10,400-10.500 .
Trade Setup
=================
Today I am not going to give you any levels because for gap up Opening. Index is about to open 100+ point and you guys need to wait first 15 minute candle and setup your trade on 15 candle high and low. buy if 15 minute candle high break or sell if 15 minute candle break.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday Trade Setup for 02 June 2020Hello Everyone,
We had seen a bull really without any correction since last 4 trading session . Almost 900 points in this straight run and main question is does nifty will make a new high today or we will see a profit booking and a short term correction. Let's see the key factor at first for the today trading session.
Key factors
================
1-SGX nifty Trading on a flat note so aspect a flat Opening .
2-Market has been ignoring poor GDP print for March quarter, PMI data showing a deepening slump in factory output and up to 80% drop in May auto sales and maruti and other stocks making higher high and giving breakout on their resistance. Seems funny and interesting to watch the manipulators work.
3- the Dow Jones Industrial Average was up 30.31 points
4-European shares rose on Monday on hopes of a post-coronavirus global recovery,
5-Moody's Investors Service on Monday downgraded India's foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2, citing the country's policymaking institutions will be challenged in enacting and implementing policies which effectively mitigate the risks of a sustained period of relatively low growth.
Technical analysis
========================
As per Harmonic we have found 2 Potential reversal zone. first is 10047 and second is 10411 these levels are act as nifty resistance for now . Bearish harami candle formed in 4 hour time frame and this candle formed because of Profit booking in yesterday session and not much reliable . Might be we see profit booking today . Index can give a short term correction or will trade in a range.9400-9500 is the support zone.
Option Chain data
=======================
Maximum call OI of 18.78 lakh contracts was seen at 10,000 strike, which will act as crucial resistance in the June series.
Maximum put OI of 18.92 lakh contracts was seen at 9,500 strike, which will act as crucial support in the June series.
Trade setup
================
Buy : 9940 Target : 9,980/10,010/10,040 sl : 9,870
Sell : 9,780 Target : 9,730/9,700/9,650 sl: 9,830
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Team CodeViser
Nifty 50 Intraday & Expiry Day Trade Setup for 28th may 2020Good morning all ,
We had seen an awesome and a straight run yesterday . Up move was accepted but not as nifty given. 285.90 point from previous closing which is almost 3.17%. Today is monthly expiry and the main question here does the bull run continue or index will give a correction from here ? Let's talk about the key factors for today trade setup.
Key factors :
===============
1-India Ratings and Research expected the aggregate fiscal deficit of states to rise to 4.5% of GDP in 2020-21, as against its earlier forecast of 3%.
2-Banking stocks saw some institutional buying. There were a couple of foreign institutional investors (FIIs) who were continuous sellers till about 4-5 days back. That has come to an end. Now, others are finding the prices attractive
3-US and Asian markets had a positive rub-off on Dalal Street. Dow Jones spiked 2.17 per cent in overnight trade, closing just shy of the 25,000 mark. Asian markets were trading with gains while benchmark indices in the UK, France and Germany added over a per cent each in the opening tick.
4-Inside news that Government is going to announce another relief package for 1.5 lac crore . Not confirmed news might be a rumor or Operators Game . This is the main reason for yesterday unaccepted spike in Banking sectors and our nifty has given a good really in yesterday Trading session.
5- SGX nifty trading on 9,364 which is 67 point above from the previous closing.
6- US30 aka DOW also bullish and made a new high today. Currently trading on 25,794. which is 225 point up from previous closing.
Technical View
======================
Most of things already explained on the chart but let try to understand it real quick . Nifty has broken their H&S pattern neck line on 14th may and trend line on this resistance will be act as resistance. on same level we had found an another resistance which is come from a channel. Index has trading in this channel since may 1st. On Thursday, Nifty will face resistance at the 9,365 and 9,425 levels, while supports will come in at 9,260 and 9,175 levels.
Resistance : Nifty Intraday resistance is on 9338 to 9,365 and key resistance on 9,600
Support : Nifty Intraday support is on 9,150 and key support is on 8,800
Trade Setup :
--------------------
Long : Build Long position is Index break 9,400 and sustain above on it
Short : Short Position can be open lower then 9,150
Note : Writing is best for today. 9,400 and 9,200 is hot strike price for today Intraday.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 26th may 2020Good Morning sir's,
Hope this long weekend went good for you. Last we had seen negative sentiment in the market because of RBI governor announcement . Today is the first trading session for this week and main question is does the negative sentiment will be continue or we can see a short covering in today Trading session. Let's the key factor for today Trading session at first.
Key factor
================
1-SGX is trading on 9152. which is 70 points above then previous closing. We are going to see a 45-60 Point gap up opening .
2- Dow looks strong, Trading on 24824 which is 230 point up from previous closing.
3-Most bank and financial stocks may also extend their losses of the previous session after the Reserve Bank of India (RBI) announced the extension of loan moratorium by three months.RBI’s decision to extend the moratorium till August 31 could turn out to be a major negative for the non-banking financial companies (NBFCs), Emkay Global said in a note.
4-Stocks in Europe and Asia gained as investors weighed more signs of economies reopening around the world against the rise in US-China tensions
5- Foreign investors have infused over Rs 9,000 crore into the Indian equity markets in May so far amid attractive valuations of stocks and a mega block deal involving HUL. The inflow comes following a net withdrawal of Rs 6,883 crore in April and Rs 61,973 crore in March on fears of a corona virus induced global recession.
6-he Govt extended the validity of various motor vehicle-related documents till July 31. No additional/late fee will be charged for delays in the validation of documents pending from February.
7-The extension of moratorium by three months beyond May is likely to expose lenders to the risk of some borrowers having the capability to pay skipping repayments, fear bankers.
8-Insurance co's are bracing for large claims on account of Amphan, the cyclone which ravaged West Bengal and Orissa last week. Most of the claims are expected from property, motor and crop insurance sectors.
9-Value erosion in PSUs can limit Govt's disinvestment target. The fall in stock prices has eroded significant value in some of the largest PSUs, which will limit receipts for the Govt.
10-*Current Affairs*: India witnessed the biggest spike with 6,767 positive coronavirus cases and 147 deaths reported in the last 24 hours, taking the total number of Covid-19 cases to 131,920
11-The Tirumala Tirupati Devasthanam Board has decided to sell 50 immovable properties in Andhra Pradesh and Tamil Nadu, worth Rs 23.92 crore through a public auction.
12- Crude is still strong and showing strength in upside.
Technical View
===================
As per my analysis we are going to see a short covering in today trading session but don't think that trend is going to change . Market is still in Negative sentiment so be careful in buy side and trade with less exposure.
Resistance : Nifty Intraday resistance is on 9,170 which is taken by a trend line and key resistance is still on 9,900
Support : Nifty Intraday support is 8,960 which is Friday trading session low. Key support is on 7540
Trade Setup
================
Long : Long Position in Intraday can build if Index break 9,170 and sustain above on it.
Short : Short position can build if Index trade lower then 8,960.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Setup for 22th may 2020Good Morning sir's,
Hope you guys has did good yesterday in expiry trade. yesterday we have seen up and down side both and it can be aspect due for expiry . Index is still in down trend and short position is still strong instead then long. If My analysis help you to setup in your trade then do comment . Let's see the key Factor at first which can affect into our market.
Key Factor
================
1- SGX is trading on 9049.5 which is 31.5 point low from the previous closing so we can see a small gap or flat Opening into our Market.
2-Finance Ministry report said actual GDP growth in 2020-21 would be contingent upon the intensity, spread and duration of the Covid-19 pandemic. The report took comfort from an IMF note which projected a growth rate of 1.9% for the current fiscal
3-Interest rates on collateral-free loans extended by banks and financial institutions have been capped at 9.25% and at 12% for loans extended by NBFCs to micro, MSMEs under the recently announced package.
4- Govt announced that domestic airline operations would resume on May 25. Passengers will have to web check-in and will not be allowed to carry luggage inside the aircraft cabin except for a laptop or a purse. Also, airlines will have to provide a mask, face shield and sanitizers to passengers at the time of boarding.
5-Reliance Industries (Rights Entitlement): Society General acquired 32.58 lakh shares at Rs 182.06 per share and Bank of New York sold 1.03 crore shares at Rs 187.31 per share.
6-FIIs Sold Rs.258.73CR Equity Cash, Sold Index Future 471.11cr, Buy Stock Future 490.28cr while #DII Buy Worth Rs.401.78CR Equity Cash*
7-the Dow Jones is still trading an Indecision range/ Trading on 24432 which is 23 Point down from previous closing.
8-Crude is still strong and steady.
Technical View
======================
On Thursday Nifty was so bullish at first Trading session but price rejected in second trading session from their Trend line resistance (9,180 -9.200). Up and down move was aspect due to expiry .
Resistance : Nifty Intraday Resistance is still on 9,200 and Key resistance is still on 9,900.
Support : Nifty Intraday support is on 8,800 and key support is on 8,200 to 8,300.
Trade Setup
================
Buy : Long Only can be consider only and only if price trade above then 9,200
Sell : Short Position can build if Price go lower then 9030 .
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 20th may 2020Good Morning Everyone.
Hope you guys doing good and making good money from the Market. Yesterday we have seen a short covering tho a gap up :P after that Index trade in a wide range. Upside Area is 9030 and down side level is 8855. Now question is what about today ? I think before the expiry we can see a choppy market about to manage the call and put price differences. Let's Talk about the key Factors.
Key Factor
================
1- SGX Trading 27 up from previous closing so we are gonna to see a flat Opening in nifty 50 Index.
2-Today is the 57 day of India’s nationwide lock down, meant to curb the novel corona virus pandemic. The lock down has been extended till May 31. Many restrictions have been eased, especially in non-containment zones, according to the new guidelines.
Confirmed COVID-19 cases in India stand at 1,01,139. The death toll from the outbreak in India is at 3,163. Maharashtra, Tamil Nadu, Gujarat and Delhi have reported the highest number of cases
3-On Tuesday, market participants seemed skeptical about the longevity of the up-move. Telecom, PSU, Auto and FMCG indices gained, while PSU Banks index fell, reflecting increased caution on asset quality after the government suspended the IBC mechanism for a year on Sunday.
4- Crude Oil is steady and Strong.
5-the Dow Jones Industrial Average was down 136.92 points
Technical View
=================
Resistance : NIfty break their key support on 18th May and give a good move in downside now this support role change and becoming a resistance in today Intraday. Nifty Major Resistance is still on 9900
Support : 8800 is the support level for Intraday and Key support is on 7670. which is come from Harmonic Pattern
Option chain data
========================
Call Option chain data : Maximum call OI of 14.95 lakh contracts was seen at 9,300 strike, which will act as crucial resistance in the May series.
This is followed by 9,000, which holds 12.89 lakh contracts, and 9,400 strikes, which has accumulated 9.95 lakh contracts.
Put Option chain data : Maximum put OI of 22.02 lakh contracts was seen at 9,000 strike, which will act as crucial support in the May series.
This is followed by 8,500, which holds 21.17 lakh contracts, and 8,800 strikes, which has accumulated 11.05 lakh contracts.
Max Pain level for weekly Expiry is : 9200
Trade Setup
==============
In Intraday you can build long above 8960 sl : 8900
Short Position is can build Lower then 8800 sl : 8880
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 19th may 2020Good Morning Everyone,
Hope you guys has made good money yesterday. Our sell level come in first 10 Minute and Index has given an awesome move in downside. Index down move more then 3.43% in a single day which can count huge dump in Intraday day. Now question is It will be continue today? Lets see what key Factor is going to affect to our Market.
Key Factors
==========
1- SGX is trading on 8969 which is above more then 183 Point up from previous closing.
2-Drugmaker Moderna Inc said its experimental COVID-19 vaccine showed promising results in a small early-stage trial.
3-Investors lost by Rs 3 lakh crore in terms of market capitalisation on the BSE. The average market capitalisation of the BSE-listed companies dropped from Rs 122.66 lakh crore on May 15 to Rs 119 lakh crore on May 18.
4-the stimulus package announced by the government was not seen as adequate considering the demand destruction in the economy, what really did maximum damage was the suspension of the bankruptcy norms for one year, which instantly multiplies the bogey of bad loans that the financial system is facing.
5: Banking Stocks Bleed As New Bankruptcy Cases Suspended For One Year
Banks shares slumped after the government on Sunday said insolvency proceedings against fresh defaulters would remain suspended for up to one year and Covid-19-related debt would be excluded from the definition of default.
6- Crude Oil is strong and giving a steady strength.
Technical View
==============
Resistance : Yesterday Nifty Break their key support ( 9000) and manage to sustain lower then it . We can see a short covering today and Index about to open gap up and this level is Important again but this time it will be a resistance Area in Intraday. Key Resistance is still on 9900
Support : Intraday support is on 8750 and key support is on 8200-8090 (As per Harmonic Prz ) .
Trade Setup
=================
Long : Long Position can build if Index sustain above 9050.
Short : Short is tricky and there is 2 Levels .
A : Index is about to open gap up and might be take their resistance on 9000. Risky Traders can short from top with a tight Stop Loss.
B: Second Sell Position if Break yesterday Low which is 8800
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 18th may 2020Hey Everyone,
Hope your weekend went good and you guys enjoy your holiday :P Last week we had seen massive gap up and gap down in Index. 20 lac crore simulation package has given some hope but Market has rejected it badly and Index did not sustain high level (9560) . Currently Index trading in a range. Upside level is 9300 and downside level is 9000 .Government tries their best to not let the market down but Market sentiment rejected there every attempt.
Key Factors
================
1 -Some Recent announcement from FM
-------------------------------------------
A. MNREGA Related- Govt Will allocate additional 40000cr for this now for the migrant Labors who are going back to there home town can also enrol in MNREGA.
B. Ramping Up of Health Sector- Public Expenditure will be increased. Support will be given to Health and wellness centre. All dist will have Infectious Disease Center at Govt Hospitals. Public health diagnostic Labs will be setup at all Block Levels.
C. PM E-Vidhiya Platform- Diksha will be Launched, One Nation One Digital Platform. Community Radio Will also be used. One earmarked channel for one Class will be launched. E-Content for Visually Impaired Children's. *Top 100 University of India to mandatory Launch Online Courses* by 31-05-2020.
D. IBC Related Matters- Debts Related to Covid Pandemics will be excluded from default. No fresh Insolvency can be proceeded for MSME for 1Yr.
E. Companies Act Related- Extension of Compliance was done. Decriminalization of all acts in companies Act. Compoundable offence related matters will be done now through adjudicating authorities. Now total 58 offences are to be settled not by court now but by internal Adjudicating Authority.
F. Companies Act Related- Now Companies can directly list their securities in Foreign Country. Now Companies would be able to list Non Convertible Debenture on Stock exchange. And they will not be treated Listed Companies.
G. All Sectors will now open for Private Sectors- But at least one Public sector enterprise will remain in all sectors. In Notified Strategic Sectors PSE will be reduced to Max 4.
2 Lockdown 4.0: Union home ministry on Sunday extended the lock down for another two weeks till May 31 to contain the spread of corona virus While the detailed guidelines on easing of restrictions were awaited, officials sources said the center is likely to allow public transport and reopening of restaurants and shopping malls subject to certain conditions.
3- SGX seems weak. Trading on 9070 atm which is 39 point low from the Previous closing. Our Index will be open either flat or with small gap down.
4- Dow Has given small recovery. Currently Trading on 23826 which is 192 Point above from previous close.
5- Crude looks good and steady.
TECHNICAL VIEW
====================
8900 to 9000 is key support for Nifty Index . Everything is depend on these levels Index will be a falling knife if not sustain . in last 2 trading session index has made a range from 9300 to 9000. This range will decide that where our Nifty will trade in the may Month.
9300 is an Intraday resistance and long position can be consider on the above this level. Key resistance is still on 9900.
Intraday Trade Setup
=========================
Long : 9170 Sl : 9130 Target : 9195/9240/9280
Short: 9100 SL: 9140 Target : 9060/9000/8945
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 15th may 2020Good Morning Everyone,
Hope you guys has did good in yesterday trading session and made some good breads in Intraday. Index moves are hard to predict in these days because of massive gap up and gap down Opening.Government tries their best to not let the market down but Market sentiment rejected there every attempt. This lock down is not gonna ending soon and Industries take time to recover after it. Market is in fear and real picture will be come after the lock down. This recession is not going to end soon ..Let's Talk the key factors which can affect on our market.
Key Factors
==================
1- SGX showing a weak strength and trading on 9182 which is 64 Point up from the previous closing. aspect a 34-40 Point gap up in Nifty 50 Index.
2-The brokerage expects real GDP growth in 2020 to fall to 5 per cent YoY. It expects India’s GDP to expand 1.5 per cent in March quarter, degrow 14.5 per cent in June quarter, shrink 6 per cent in September quarter and another 1.5 per cent in December quarter.
3- DOW and US shares drop on US-China trade fears
4-Crude is still Trading in a narrow range.
5-INR/USD is still steady.
Quarterly results
==================
Cipla, Crompton Greaves Consumer and L&T Finance Holdings, Mahindra & Mahindra Financial Services, Nippon Life Asset Management, Tata Chemicals, L&T Technology Services, IIFL Securities: These companies are scheduled to announce their March quarter earnings on Friday
Technical View
====================
Bear is still on Fire and Market sentiment is Negative. Government tries their best to control this recessions but every attempt is rejected from the Market. Nifty is made again a Head and shoulder pattern in hourly time frame . Neck Line of this H&S pattern is 9000 which is also a key support in mid time frame . Mostly Intraday moves come with a Gap up and Gap down and these move destroy most of Intraday Levels.
Resistance : Nifty Intraday Resistance is on 9350-9360 and major resistance area is 9900.
Support : Nifty Intraday and Major Support is on 9,000.
Intraday Trade Setup
=====================
Long Position : In Intraday long position comes if Index break 9350 and sustain above on this Price.
Short Position : Keep an eye on 9000 A good short coming on breakdown.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty Expiry & Intraday Trade Setup for 14th May 2020Hello everyone,
Hope you guys didn't get Bored in this lock down and still making money from stock market. Nifty Move and momentum both is damn volatile in these day. Government tries their best to not let the market down but question is how long will they hold and in this negative sentiment and does 20 lac crore simulation package does the help market ? My thought is Current GEO political and Market scenario is not for Buying side. I am not talking about Intraday here. I am talking overall sentiment in the upcoming days so I suggest do not for Investment. Our Best time still to come and we need to wait for it patiently . Let's Talk about today and know how our market will be respond and what key factor, TEchnical we have for today Trading session.
Key Factors
=================
1- Nifty Open a good gap up on Wednesday Trading session but failed to hold 9600 Level.
2-The Finance Minister announced the first tranche of the mega stimulus package on May 13 and said that the remaining details of the Rs 20 lakh crore stimulus package will be disclosed in the next few days.
3-SGX Trading in Negative Note. Current Price is 9271 which is down more then 128 points from previous closing. Aspect a Gap down in Nifty 50 Index.
4-DOW still weak and slip more then 200 Points from Previous closing.
5-European market also weak and fallen on Wednesday Trading Session.
5- Crude oil Trading in a narrow Range but Yeah still steady.
Let's see how these factors will affect to our Market.
Technical View
==================
Would Like to talk first about SGX nifty. Check the bellow Image, Tried to explain on chart :P
On Wednesday NIfty formed a Bearish Belt hold candle and failed to hold the opening price and started to fallen from yesterday Opening . Nifty is still weak on chart and yesterday low is very important for us for today Intraday setup but also keep remember that today is Expiry day and options writers can manage the sentiment and the Market .
Support
============
NIfty Break their Intraday Resistance with gap up and close near about this resistance. Now this is support and a very Important price for Bear side Traders. Level is 9350 . Nifty key support is still on 9000
Resistance
===============
Nifty Intraday Resistance is above on 9470 and key resistance is still on 10,000
Option chain data
=================
As per Option chain data we are getting a huge range for today Trading session . Options data indicated Nifty’s immediate trading range between 9,000 and 9,700 levels. India VIX moved up 1.65 per cent to 38.83 level. Overall, higher volatility could continue to keep Nifty in a roller-coaster ride in a broader trading band.
Trade setup
===================
Long : Our Long position will be open if Index sustain above 9475 with 9380 Stop Loss (Closing basis)
Short : Our Short Position will be open lower then 9350 which seems to break with gap down so wait first 30 minute to see how the Market will be react .
Nifty 50 Intraday Trade Setup for 12th may 2020Good Morning Everyone,
Hope you all are doing good and made some good money in yesterday Trading session. Again Nifty failed to break their 1 week range. Yesterday We had seen a huge gap up opening but Index not sustain above then 9400 and closed on 9239.Index currently Trading in a range from last one week upper side level is 9400 and downside level is 9100. This range is most Important for today Trade setup . Index will give momentum if this range break ... Lets see what is the key factors for today Intraday and what is our technical view for today.
Key Factors
===============
1- SGX looks weak and trading on 9158 which is 56 point lower then previous closing. We aspect 40-50 Gap down in Nifty 50 Index.
2-March IIP and April CPI numbers will be out on Tuesday and they may have an impact on market’s trajectory over the next few sessions.
3- Last 2 Trading session DOW is taking support from 200 EMA in hourly time frame. Index trading on 24040 which is 157 point low from the previous closing and trading again on 200 EMA.
4-Asian markets were little changed as investors await the release of Chinese inflation data expected to be out later in the day. Nikkei 225 was largely flat in early trade while South Korea’s Kospi dipped 0.38%. Meanwhile, the S&P/ASX 200 in Australia slipped 0.67%
5- Crude Oil Prices is steady and rise.
6-Chinese advisers call for talks on new trade deal with US: Report
Technical View
==================
Lets talk first about SGX nifty where our Nifty future trade . SGX has also made a H&S pattern in 2 hour time frame which is show weakens of the Index. Neck Line Level is 9,050 check the bellow Image.
Resistance
==============
Intraday Resistance is on 9400 and Key resistance is on 9,900-10,000
Support
==================
Nifty Intraday support is on 9100 and key support is on 8,900 so shorter keep an eye on 9,100 for Today Trading session
Tuesday 12th May Trade Setup
====================================
Buy : Only and only if Index sustain above then 9,400
Sell : Sell if Index break week range which is lower then 9,100
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty Intraday Trade Setup for 11th May 2020Good Morning everyone,
Hope You guys having fun in this lock down :P Last 2 week have seen mix movement . Index has made high 9889 and not sustain this level and fallen from their physiological barrier near 10000. if I talk about last week then Index trade most of days in a narrow range. specialty last 2 trading session Thursday and Friday. This range is most Important for today Trade setup . Index will give momentum if this range break ... Lets see what is the key factors for today Intraday and what is our technical view for today.
Key Factors
====================
1- SGX trading 45 points from last Trading session so we might be see a 30-40 Gap up today.
2- Crude is near our Harmonic PRZ and can be sleep from this level.
3-Market will continue to monitor the extent of the spread of coronavirus infections, March quarter earnings and government's next step regarding the stimulus going into new week.
4-US stocks rose on Friday even after the ugliest monthly jobs report ever as investors.Dow jumped 455.43 points, or 1.9%, to 24,3331, closing near its session high. S&P500 gained 1.6%, or 48.61 points, to 2,929, while Nasdaq climbed 1.5%, or 141.66 points, to 9,121.32
5-FII Bough 1,724 CR and DII sell 1503 Ce on Friday Trading session
Technical View
=================
Nifty Major Resistance is still on 10,000 and Major support is on 8,900. I had seen A bearish divergence in nifty50 and SGX nifty as well . 9100 is an Important level to watch. Index can their support (8900) if 9100 Break..Also a head and shoulder Pattern formed in sgx nifty Neck line is on 9090 . Check The bellow Image .
Trade Setup
===============
Last 2 day Range is Important . Buy above if Index sustain 9370 and build a short position if 9100 Break.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday & Expiry Day Trade Setup for 07th may 2020Good Morning everyone,
Hope you all are doing good and making money from my ideas, Yesterday we had seen short covering , Index is still weak and trading on an edge. Buying side is still risky and Index has taken support from 9100 area and made high 9346.50 but failed to sustain and close on 9270.90.Bear is still strong . India’s Chief Economic Adviser KV Subramanian said stimulus was expected ‘soon’ but it would not as big as demanded by industry, ‘as there is nothing called free lunch in economics
Key Factors
===================
1- SGX Nifty is trading on a negative note. Currently trading on 9149.5 which is 105.5 down from Previous day.
2-the Dow Jones Industrial Average was up 60.78 points, or 0.25 per cent, at 23,943.87, the S&P 500 was up 10.94 points, or 0.38 per cent, at 2,879.38 and the Nasdaq Composite was up 97.84 points, or 1.11 per cent, at 8,906.96.
3- Crude Oil is still steady and showing strength in mid time frame.
4--European STOXX 600 index rose 0.1 per cent as healthcare stocks gained on the back of better-than-expected quarterly results from Denmark's Novo Nordisk and German dialysis specialist Fresenius Medical Care.
5- FII sold -493.6 crore and DII buy 322.47 Crore
Technical View
====================
Lets talk for SGX nifty first. Nifty is almost on neck line on a H&S pattern. This is a major support and can be see a free fall dump if neck line broken.
Nifty Intraday Resistance 9450 and support is on 9100 also Nifty key Resistance is on 9850 and support on 8900. Nifty50 also Trading near on H&S Neck line (9130)
Trade Setup
================
A : Long Position can build only and only if Index sustain 9350.
B: Short position can build lower then 9100 Level
Note : Due to expiry we will follow today intraday ranges which is 9450 to 9100. Idea trade is option writing and you guys need be watch 9300 CE and 9000 PE for 7 may expiry .. Both will be zero at the end of the day.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty 50 Intraday Trade Setup for 06th May 2020Good Morning Everyone,
Hope you all doing great and made an handsome profit in Yesterday . Index reversed exact from our 1st sell level and it's come from top which was great but what about today ? This is the main question for us. Bear is always strong the Bull and keep one thing in your mind that we are in a bear Market so be careful in long position.Lets check what will be our today Trade setup for 06th may...
Key Factors
=====================
1- auto and materials stocks came under selling pressure on Tuesday.
2-US stock indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased corona virus-but in today morning DOW fallen again from the opening price and trading -83 point from previous closing..
3-FII SOLD IN CASH -1059.39 Cr and DII SOLD IN CASH -995.30 Cr. on Tuesday.
4- Crude seems stable and in short term uptrend.
Technical View
====================
Supports : Nifty is break the neck line of hourly H&S pattern and managed to closed lower then it . 9140 is a weak support if index break this level then we can see a free fall again and Index can test their major support area which is on 8850-8900.
Resistance : First Resistance on 9420 and major resistance is on 10000.
Trade setup :
======================
Market is going to open flat and we can see a narrow range today means moment will be slow in Intraday.
A : Long position can build above on 9400
B: Short can be consider lower then 9130
Writers can see 9450 CE and 9100 PE for 7 may expiry .
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty Intraday Trade Setup for 05th May 2020Good Morning everyone,
Yesterday was an awesome day ,we did good in Intraday and made a handsome profit in the bear Market but Question is it going to fall again, and what will our setup for today?
Key factors
============
1- Nifty future is showing strength in SGX and on Oanda Exchange. Almost 1.65% ( 153.50) Up
2- US30(DOW) is still looking good in this Morning and trading on 23990 which is almost 0.90% up from the Previous day..
3- NEW DELHI: Panicked by rising tensions between the US and China, even as world economies struggle to come back to normalcy, domestic indices joined global peers and tanked in the opening trade on Monday.
US and China, which barely reached a deal last year to end the 18-month old trade war, are now engaged in another tussle threatening more pressure on world economies and hurting the market sentiments back home.
The spat over the origin of the coronavirus put the brakes on optimism about an economic re-start even as cou ..
4- March quarter earnings so far have disappointed investors on Dalal Street. On Thursday, Reliance IndustriesNSE -2.10 %, Hindustan UnileverNSE -5.12 % and Tech Mahindra joined peers who missed Street estimates, acting as a dampener when markets reopened after an extended weekend.
5-The second extension of the lockdown, which will be into force till May 17, eased restriction into certain areas but analysts feared supply side disruptions.
6-Globally, the dollar inched higher, stock markets struggled for traction and oil fell. In reduced trade, with China and Japan on holiday, US stock futures fell 1.7 per cent and U.S. crude tumbled 7 per cent. The safe-haven U.S. dollar rallied to one-week highs against the risk sensitive Australian and New Zealand dollars.
7-Foreign (FIIs) and domestic institutional investors (DIIs) sold shares worth Rs 1,373.98 crore and Rs 1,661.61 crore, respectively, in the Indian equity market on May 4, provisional data available on the NSE showed.
Technical View
---------------------------
Nifty Major Resistance Area is on 9600 then 9857 and support is on 8900. Nifty already has break the previous support is on 9330 and manage to close lower then it which is a clear sign for bear for this week. Keep an eye on 8900 if Nifty not sustain on this level then we can see 7400 again.
Trade Setup
------------------
A: Long Position is still risky and consider 9450 only so wait for this level to come.
B : Short is bit tricky and I am getting 2 short levels.
1- If you see any gap up opening and index test 9350-9400 then open a short with 9450 sl . Try to sell from top .
2- Second sell level come bellow then yesterday low which is 9264.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
Nifty Intraday day analysis & Setup for 04th may 2020Good Morning everyone,
Hope your weekend went well and you guys have fun in this lock down period :P Come to point and lets discus about nifty 50. First lets talk about my last analysis on 30th April 2020. I clear mentioned supply zone which is from 9600 to 9978 and this level come from one of harmonic pattern. Index 30th April high is 9984.50 and reversed . Our Nifty future trades in 2 other exchanges and these markets open after our trading session and nifty future is down more then 500 point till now in these exchanges Our Market is going to open today after 3 days so aspect a massive gap down today for sure...
Key factors
============
1- Nifty future trading on 9236 on SGX NIFTY it's almost 600+ point down after our last trading session..
2 - Global Index is also in Negative.
3- Regrading USA Market May has started on a bad note across markets, as equities took a turn for the worst on the first trading day after US President Donald Trump threatened to slap new tariffs on China over the corona virus crisis and US30 aka Down more then 1500 points in last 2 trading sessions. almost 6.30%
5- On Friday, the government extended the corona virus-induced lock down by a further two weeks, dashing hopes of resumption in economic and business activities
6-In Europe, markets took a turn for the worst on the first trading day of this month after US President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis.
Let's see how these thing can affect our Market
-----------------------------------------------------------------
Technical View
================
Told you in our last analysis that nifty is not going to break 10,000 level and can be reversed from 9978. Index made 9984.50 and reverse but main question is how much points gap down we are going to see today. As per my analysis we are going to 400-500 Gap down today.
Nifty Major support is on 8850-8900 and resistance is still on 9978
Trade setup for today 04th May
===================================
Today Trade setup is bit risky and tricky as well because index is gonna volatile as per others trading session. Most of levels were destroy here so we will use our gap down and Gap up strategy in intraday. This is a simple strategy and easy to follow.
Mark 15 Minute candle high & low and setup your trade on it. Go in long position if 15 minute candle high break and build your short is 15 minute candle break . More updates will be given in live trading session.
Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take the different view and opinions.
Good Luck and Happy Trading
Virendra Pandey
NIFTY 50 - weekly LevelsLast week candle was a big bullish candle which opened near its low and closed near its high however the said candle looses its importance because its formed at multiple price resistance .
Thursday closing came at 9859 and seeing the weakness in the US markets we are expecting a huge gap down opening in our markets.
Support levels for coming week 9250, below which selling will accelerate and index may test 8550 and 7500 levels again.
Nifty 50 Intraday Trade Setup for Tuesday 28th April 2020Good Morning sir's,
First aspect my apologies for not posting the Intraday Trade setup for Nifty 50 and Bank Nifty Index both.We had seen a narrow range in Nifty 50 Index , Most of come from gap up and Index traded btw 9380 to 9250. This range is valid for today as well and an Indecision. SGX and Onanada both has shown the strength in Nifty future while we're selling so most of chances for a gap up opening.
Key Factors
===============
1-Reserve Bank of India (RBI) announced a special liquidity facility of Rs 50,000 crore for mutual funds to calm investors jittery after the Franklin Templeton fiasco.
2- Dow has also shown strength and closed 358.5 Point up from previous trading session.
3- Crude Oil is still weak.
4- Indian rupees are stable
5- According to Option chain data Nifty Range will be 9000-9500
Nifty key Resistance for Intraday is 9500 and support is on 8900 as per my own tech analysis...
Intraday Trade setup
======================
Buy : Only and only when nifty cross 9450 and sustain first hour above on it.
Sell : Short Position is tricky and I am getting 2 levels
A: First Position come from 9370-9400 with 9450 sl . If you see any gap up Opening then you can build your short position here .. For : aggressive Traders
B: Safe Trader can build their short lower then 9140
Good Luck and Happy trading
Nifty Intraday Trade setup for 22 April 2020Good Morning everyone,
Yesterday We has seen a major dump in Nifty Index. Total correction is 280 points in Intraday. Sentiment is negative as per we yesterday Negative but as I always said that everyday is different then others in Intraday so do not come on next day on previous day sentiment...
Key Factor
============
SGX is almost 71 Points down atm.
Dow close lower then 631 points from previous day .
Let's see how our market will be react today on the above Scenario
Nifty Key Resistance is 9150 and support is on 8700.
Trade setup
=================
A -Buy Level
Build a long position if price sustain above 9050
B- Sell Level
==============
Sell if price break 8800 Level
Note : Wait for first 30 minute to get the Index settle. These Levels are based on previous data and can destroy on Huge Gap up or gap down so wait first 30 minute and observe the Index move. Will update More in live market...
Good Luck and Happy trading
Nifty has posted TD Sell setup PerfectionNifty has posted a perfect sell setup..As expected this negates the previous TD Buy sequential which was in place earlier. Next level of interest is 8352. All points to revisit the lows again at some point.
Absolute Retracement from all time highs are 7682 (0.382 retracement Level) and 4748 ( 0.618 retracement level)
