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TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for THU 08/06 Hey everyone, The trading levels for today, THU 08/06, are the same as for yesterday. Read below for more details. Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-5 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. NOTE: Pay attention to the Take Profit and Stop Loss levels added as note ( iii ) below. Good luck with your trading today! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Notation: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. ( iii ) Take Profit: Our NIFTY models are currently using a 20-point trailing stop activated once a 15-point profit level is reached. Stop Loss: Our NIFTY models are currently using a 30-point stop loss level activated at the entry. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
TRADERSAI - A.I.POWERED NIFTY50 TRADING PLANS for MON 08/03 Hey all, Our debut message below (published on Thursday, 07/30) explains the notation and how to interpret the trading plans we publish, and who we are in this space. This is the Trading Day-3 of our limited test-launch for the Indian stock market NIFTY 50 Index. Appreciate your feedback and comments. Good luck with your trading today and have a great week ahead! *********************************************************** Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index , we are now testing our models on the Indian stock markets with the NIFTY 50 Futures . This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Legend: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long). You can use Close-to-Close basis OR Open-to-Close basis OR Low-to-High, depending on your trading style. Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short). You can use Close-to-Close basis OR Open-to-Close basis OR High-to-High, depending on your trading style. This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions.
NSE:NIFTY
by TradersAIDotCom
R-0086 BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100BUY NIFTY | TARGET: 11,350 | STOP LOSS: 11,100 The Nifty index continued to make a higher top and a higher bottom pattern and also achieved our short term target of 11,200. The overall structure is still looking positive as long as it holds its 200-DMA which is placed at 10,865 levels. The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls still have the upper hand. The volatility index, IndiaVIX, is hovering near 25 levels which is giving comfort to the bulls. Thus, aggressive traders can initiate a long position with a strict stop loss of 11,100.
NSE:NIFTYLong
by brainmassfinance
Nifty Big Bear Case - long term view.Nifty has managed to close above its 100 week EMA. Previously the zone near this EMA has acted as a major trend reversal zone and has also had many fake-outs near 100 WEMA (which you can see on charts) before reversing the trend which is a possibility here. It can test upper levels of 11000+ to potentially trap bulls before reversing. A weekly close below 10728 on Nifty spot would confirm this thesis. As long as Nifty doesn't close a weekly candle below 100 WEMA this bear case will be null and void.
NSE:NIFTY
by anmolteja
7
Nifty 50 Intraday Trade Setup for 26 June 2020Good Morning friends, I hope you guys are doing good and making money from the stock market. finally ending with a negative bias in June month expiry. We enter in July month expiry. In June expiry Index was so bullish and give almost 1000 Points run. The question is is the Bull run will be continued in July also. Well, Index is breaching on their supply zone ( 10800-11000) and we can see a correction from here. The short term trend of Nifty is still negative. Let's talk about key factors for today 26th June trade setup. Key Factors =========================== 1-SGX closed on 10289 which is 53 point above from the previous closing. A small gap up or flat opening we will see in Nifty 50 Index. 2- Dow is recovering from last week. Trading on 10307 which is 71 Point above from the previous closing. 3-Rupee keeps its range-bound trades continued between 75.50-75.90 & broad range of 75.00-76.40. 4-Cautiousness was visible as the IMF revised their GDP growth outlook for India and the infections continued to rise. India on June 25 recorded its highest single-day jump of nearly 16,000 COVID-19 cases and the number of cases in Delhi surpassed Mumbai on June 24 while the lockdown in containment zones in West Bengal was extended till July 31. 5-The Railways on June 25 announced its decision to cancel regular time-tabled passenger services, including mail, express, passenger and suburban services up to August 12. It had earlier canceller all regular train services till June 30. 6-India plans to impose stringent quality control measures and higher tariffs on imports from China, people with the knowledge of the matter said, as a military standoff between the neighbors threatens economic ties. China is India’s biggest source of imports, with purchases including electronic goods, industrial machinery, and organic chemicals running into almost $70 billion last year. Beijing enjoys a trade surplus of about $50 billion with New Delhi. Source Bloomberg Technical View ============================== Nifty on Thursday closed bellow 10,300 but the candle is bullish on the daily chart and index has still room in the upside and can test 10,800-11,000. this is the major supply zone for Index. Resistance: Intraday Resistance is on 10,360 and key Resistance area is on 10,800 to 11,000 Support: Intraday support is on 10,200 and the key support is on 9,500 Trade Setup =============== Long: Long Position can build on the breakout of the Intraday resistance which is 10,360 Short: Short Position can build lower than 10,195 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty 50 Intraday Trade Setup for 24th June 2020Good Morning friends, I hope you guys are doing good and making some good money in this bull market. Yesterday was an awesome day and we had made good money from Nifty and Bank Nifty Index. I have got a lot of Questions regarding of this bull rally. Peoples are confused here and do not trust in this bull Run Because of COVID and Indian Economy. Let me clear you one thing Market do not care and follow the economy in the short term. The market has its own Cycle and path. sp stop making the assumption and trade with the Trend. Technically nothing wrong in the Market. Let's talk about today's trade setup. Key Factors ================ 1- SGX trading on 10,445 which is 40 Points low from Previous closing. Might be small gap down or flat opening in Nifty 50 Index. 2- Dow is trading on 26196 which is 0.38% higher than the previous closing. Index taking 26400 as resistance and we can see a correction in upcoming days. 3-European shares rose to a near two-week high on Tuesday, powered by cyclical stocks after the latest economic data 4- 14000 peoples die in India from COVID and patents numbers are increasing daily. 14923 cases registered in last 24 hours. 5-Govt imposes Anti-Dumping Duty on import of Flat-rolled product of steel, plated or coated with an alloy of Aluminium and Zinc, exported from China, Vietnam, and Korea. Duty amount up to $173.10/mt. For five years. 6-securities in the ban for trade date 24 June 2020 century, just-dial, idea 7- Crude Oil is still Strong. 8-India is very likely to come out with another round of fiscal stimulus package, worth about 1 per cent of GDP in the coming months, Fitch Ratings said on Monday. 9-Foreign institutional investors (FIIs) bought shares worth Rs 424.21 crore, while domestic institutional investors (DIIs) sold shares worth Rs 1,287.69 crore in the Indian equity market on June 22, provisional data available on the NSE showed. Technical View ==================== The index is trading in uptrend channel since April 2020. The correct structure of the index is a higher high and higher low. Resistance: Nifty first resistance is on 10,600. The index can make a new high and test 11,000 level on the breakout. Support: Current support sits on 10,000 and the major support is on 9,500 Option Chain ================== Call: Maximum call OI of 36.16 lakh contracts was seen at 10,500 strikes, which will act as crucial resistance in the June series. Put: Maximum put OI of 26.41 lakh contracts was seen at 10,000 strikes, which will act as crucial support in the June series. Trade setup : ================ Long: Open long position if Index breaks 10,500 and sustain above on it. Short: short Position can build lower than 10,400 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty 50 Intraday Trade Setup for 22 June 2020Good Morning Guys, I hope you guys doing good in this weekend and made some good bucks last week. The last 2 days was a big hit in the previous week and we had seen a good rally in Index almost 400+ points in just 2 days. Do not make any view if you're doing intraday and follow simple price action. I do not understand why people make view on a news basis since they're doing Intraday. Retailers are negative because India china clash and market trap most of them and give a good rally in the upside. Is this a Bear Trap? Of course, this is a bear trap. Most of the traders have negative thoughts for the market and they're thinking for short but the market is not giving any short and making new high daily. I know most of the things are negative like economic. corona patients numbers but look at the index so be careful at this point and don't short Index without confirmation. Let's Talk about the key factor for Monday Trade Setup. Key Factors ============================= 1= SGX nifty has closed in friday on 10138 . which is 98 Point low from the previous closing. We can see a profit booking on monday and Index is about to Open 100+ Point Gap down. 2-Diesel Price Hits Record High After Rates Hiked For 14th Day In A Row; Petrol Up 51 Paise* Diesel price on Saturday hit a record high after rates were hiked by 61 paise per liter while petrol price was up 51 paise, taking the cumulative increase in rates in two weeks to Rs 8.28 and Rs 7.62 respectively. *Govt is only generating revenue for increasing petrol and diesel prices* 3-HDFC looking to raise up to Rs 14,000 crore to bolster liquidity and expand business 4-Total cases of coronavirus are above than 03 lac. 5- 14-15000 Corona Pateinnt Cases register daily. 6- India is the 4th Heavily Infected Country of COVID. 7- The USA can ban an H1-B visa and it can affect IT sectors. Technical View ======================= The index current range is 10400 to 9500. Both levels are so important for the index to see a clear direction. 10430 is also a B point for the Harmonic ABCD pattern. The index can make 11100 if the Index sustains above on it. if Index breaks 9500 then we can see 8750 again so keep an eye on both of Levels. Trade setup : =================== Long: Intraday Resistance is on 10300 and we need to wait for the break out this level about to Open a long position on Monday Session. Short: Short Position can build lower than 10100. 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
9
Nifty 50 Intraday & Expiry Day Trade Setup for 18th June 2020Good Morning Friends, First, accept my apologies for not posting the morning view regularly. I am a lazy and self-satisfied person but trying my best to post my view regular so you guys can get my detailed view before the trading session yesterday Index has given a sideways momentum and trade in a range, well it was expected and most of time happened on Wednesday trading session just because of managing the options strike prices. Let's Talk about today's Key Factors. Key Factors ================================== 1- SGX morning session will start in 30 minutes. in Night index was closed on a flat note. 2- USA index Dow Trading on 25968, slips more than 500 plus points in overnight. 3-The geopolitical tension between India and China has brought back the risk-off mood in investors. 4- Gross advance tax collection down 31%. Net advance collection 32.3 % down. Corporate tax downed 79%. 5- Crude is steady and strong. Technical View =========================== Most of things already explained on the chart. This is infection point and bull and bear both are confused, where to go? Resistance: Intraday resistance is sitting on 10,040 and we can see a move on the breakout. Nifty Key resistance is om 10,450-10,570... Support: Intraday support is on 9,800 and key support of Nifty is on 9,600. Trade Setup : ===================== Long: 10,040 sl : 9,990 Target : 10,090/10,130/10,170 Short: 9,830 sl: 9,890 Traget : 9,790/9,720/9,690 My Trade Setup: I have a plan to write a 10,100 call and 9,700 Put. 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
2
Nifty 50 Intraday Trade Setup for 16 June 2020Good Morning sirs, I hope you guys have done good in yesterday's trading session and made good money there from our Trade setup. Our short Position is lower than 9800 and Index made 9726 low when starting lower than in 9800. Easy 70-80 points in Intraday. We had seen a gap down again and aggressive short-selling till the first trading session. The index is still bullish in Midterm but in 2 last trading sessions shorter take control and index give a good correction.Let's see what is will be our trade setup for today's 16th June Trade setup. First, we focus on key factors which can affect in our Market. Key Factors ================================== 1- SGX nifty Trading Give good recovery after our market and made a new high . Closing is on 9908 which 112 point up from previous close.80-10 Point gap up accpected. 2- India has recorded 3.32 lakh active COVID-19 cases and death Numbers are increasing daily.10000 Covid-19 patient died on Monday. 3-Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections. 4-India’s industrial production, according to a report by Business Standard, contracted 55.5 percent in April, the sharpest ever, as the COVID-19-induced lockdown almost froze economic activities. The Index of Industrial Production (IIP) had shrunk 18.3 percent in March. 5-Saudi Arabia’s wealth fund Public Investment Fund (PIF) is all set to pick up a 2.33 percent stake in Indian oil-to-telecom conglomerate Reliance Industries’ (RINSE 1.62 %) Jio, for an estimated $1.5 billion, Gulf News reported on Monday citing an unnamed source. 6-US Index Dow and SP recovering. Dow trading on 2616 which is 170 points above from the previous closing. Technical View ============================================= I tried to explain everything on the chart and describe what is a possibility for June and July month. 10,500 is still a crucial area and a major resistance for the Nifty 50 Index. we need to keep an eye on this level if the index sustains above on this range then we can see a new high because our Harmonic ABCD pattern will be active their prz area is on 11000. NIfty has taken channel support on 12th June and give a good rally on Friday trading session. this area is still key support. The level is 9400-9500. Index intraday support. Trade setup ========================== LONG: Wait for 9900 Level and build your long position if Index sustains above on this mark. Short: Short position can build lower than 9700 ote: A trader is always hungry for appreciation. If my view does help you in your trade setup than please like and ask your questions in the comment box. 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
10
Nifty 50 Intraday Trade Setup for 15 June 2020Good Morning sir's Hope you guys have made some funs in this weekend. Market Behavior is hard to understand these days. right? Well, It's not if you stop following the news and focus on the technical only. The market is very strong since June 1 and working perfectly as per technical. We are doing mistakes and reading a lot of news for economic crises and corona patient numbers and make the view that the Market will react badly but this is not happening. Is this a Bear Trap? Yes, this is a bear trap and the market is not going to stop until Sjorter views not changed OR until they will not exit. Conclusion: Stop Predicting the market on news bases and trade with the trend. Let's talk about the Key Factor for today's Trade Setup. Key Factor ================================= 1- SGX trading on 9811 which is 175 low from Friday high. 100-150 gap down is possible today. 2-PM met senior ministers and officials to review the situation and instructed them to undertake “emergency planning” in the worst-affected states and urban centers, particularly in the national capital. The review came a day after the Supreme Court rapped the Delhi Govt over the “horrendous, horrific and pathetic” situation in the national capital. 3-FM said no late fee will be levied for delayed filing of GST returns by registered entities with Nil liability between July 2017 to January 2020. 4-PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed. 5-The RBI revised the supervisory framework for financial market infrastructure and retail payment systems. This is owing to the bigger role the payment entities have been playing in the last few years. 6-India's Covid-19 death toll crossed the 9,000 marks on Saturday with a record daily increase making it the world's ninth-worst hit nation in terms of fatalities. The tally of confirmed cases also saw the biggest one-day jump of over 12,000 and reached 311,000. 7-Dow slip again. Trading on 390 Points down from the previous closing. Technical View ==================================== Finally Nifty has filled the gap which is missed 2 times. The first was 30 April and second, we have seen on 1st June. This area is major support now. the range is 9590 to 9690. Look at the chart and we will see that there is nothing wrong and the market follows technical beautifully. Given correction from Harmonic PRZ area and it was a dot reversal and bounce exactly from channel support and from 0.50 fib retracement. 10400 to 10600 is the most important level to watch in the next couple of weeks. If Index sustains above 10600 then there is high chances to make a new high which is 11000-11200. Resistance: Intraday Resistance is on 10000 Mark. The key Resistance area is 10400 to 10600. Support: Intraday Support is lower than in 9820. Trade Setup ============================== Long: Long Position can build from 2 places. The first level is above 10000. If you see a gap down and Index test 9820 to 9850 then risky traders can Open a long Position from this level also Short: Build a short position if the Index breaks Intraday support. Confirmation is lower than in 9800. Note: A trader is always hungry for appreciation. If my view does help you in your trade setup than please like and ask your questions in the comment box. 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
10
Nifty 50 Intraday Trade Setup for 9th June 2020Good Morning sir's I hope you guys have made good money in Yesterday's trading session. Our 15-minute candle high low trade setup was work well. The index has given a good move on the breakdown of 15 Minute candle low. Most of the traders suddenly bearish and saying that the index will fall more but as per my analysis yesterday was just a profit booking day and Index still has 300-400 Points room in Upside. Let's see what the key Factor for today Trading session. Key Factors ==================== 1-Word Bank says " In India, growth is estimated to have slowed to 4.2 percent in the fiscal year 2019/20 (the year ending in March-2020) and output is projected to contract by 3.2 percent in fiscal year 2020/21 2-Crisil Thinks It’s Likely Indian banks’ loan growth will slow to nil to 1% in the year started April 1, according to the Indian unit of S&P Global Ratings. That’s lower than 6.1% in the previous fiscal year, which was already a multi-decade low. Corporate borrowings, which account for half of the total credit, will be worst hit, and loans to individuals will decelerate to “low single digits” from “mid-teens” in the past few years, Crisil Ltd. said in a report. “This crisis is unprecedented and so will its economic fallout be,” said Crisil’s Senior Director Krishnan Sitaraman. 3- COVID-19 cases continue to rise and the market seems to be ignoring this 4-SGX nifty Trading on 10,1999 which is 36 Point up from the previous closing. Accept a small gap up Opening. 5-the Dow Jones Industrial Average was up 254.55 points 6-The Nasdaq composite rose to a new record high on Monday and looks on track to confirm that it has been in a bull market for two and a half months according to many definitions, after Wall Street's nosedive on worries about coronavirus. Technical View =================== Resistance: The Index is Trading in a channel since march and this channel works beautifully to define dynamic support and resistance in a short time frame. Channel resistance is on 10,500 which follows from harmonic XABCD pattern(10,420). Yesterday we have seen a profit booking and most of the trader has changed their view but I am still bullish until the index goes tho their strongest supply zone ( 10420 to 10600). Support: Index Key support is still on 9,600 to 9,700 Option Chain data =================== Maximum call OI of 16.85 lakh contracts was seen at 10,500 strikes price, which will act as crucial resistance in the June series. Maximum put OI of 23.4 lakh contracts was seen at 9,900 strikes price, which will act as crucial support in the June series. Trade setup: ==================== Build Long Position if Index sustain above the 10,300 Level SL : 10,215 Target: Open The short position can build lower than 10,140 SL: 10,190 Target: Open 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
Nifty 50 Intraday Trade setup for 8th June 2020Good Morning sweet peoples, NIfty was damn bullish since 28th may and give an awesome really in the upside, 1000 point is just 10 days. Question is Can we trust on this bull run or it's just a bull trap only for retail investors. Well, a downtrend has never ended in just 2-3 months. The average cycle of a downtrend is 9-10 months and we learn this from history. Nifty major supply zone is 10,400 to 10,550 and we must keep an eye on this level. Let's talk first about the key factors which can affect today's trade setup. Key Factors ====================== 1-Moody’s downgrading India’s rating recently, Any further downgrade will make India susceptible to flight of capital and leave its currency vulnerable. 2-India went past Italy to become the sixth worst-hit nation by the Covid-19 pandemic. India saw a record single-day jump of 10521 coronavirus cases and 297 deaths on Saturday, pushing the nationwide infection tally to 2,46,622 and the death toll to 6,646. 3-Banking system credit down almost 50% from a year ago, reflecting the impact of the nationwide lockdown imposed at the end of March. 4-The coronavirus pandemic, which has presented challenges for several nations, could be an opportunity for India to speed up the health insurance scheme Ayushman Bharat, especially with a focus on primary healthcare. Pharma sector is still bullish 5-SGX nifty has given a good really in upside on Friday after our market closed and made a new high 10352. Currently trading on 10234 which is still high and we are going to see a Gap Up Opening today. 6- US30 Aka Dow also made a new high in the last 2 trading sessions almost 1000 point rally. 7- Asian market also seems bullish. 8-Foreign institutional investors (FIIs) poured in Rs 13,927.52 crore in cash markets (equity) in the first week of June, which was higher than Rs 13,914.49 crore invested in the entire May. Technical View ======================= SGX Nifty ------------------- Let's talk first about SGX nifty. Our Index has not much enough data because of limited trading sessions. SGX almost trading on its supply zone. look the Bellow picture India 50 ---------------- Nifty 50 Index =================== Our Nifty Future trade in 2 places and I mentioned both of chart above. NIfty Major Resistance area is 10,420 to 10,550 and we must keep an eye on this level. The support zone is 9,602. The index is trading in an uptrend channel and the channel resistance area is also on 10,400 to 10,500. Trade setup ==================== Due to a gap up opening, most of the levels are destroy here so we will our 15-minute range strategy for today's trade setup. Wait for a 15-minute mark high and low of the candle and set up your trade according to it. 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 different views and opinions. Good Luck and Happy Trading Virendra Pandey
NSE:NIFTY
by CodeViser
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
NSE:NIFTY
by 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
NSE:NIFTY
by CodeViser
4
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
NSE:NIFTY
by 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
NSE:NIFTY
by CodeViser