Nifty and Banknifty : Trend bearish for 19 SeptemberDue to Upcoming Parliamentary extra session and upcoming fed policy market is showing a little profit booking at the top and is expected to continue for the same.
Nifty and banknifty both have a sell on the rise pattern so follow the same as mentioned in the video
Niftyview
NIFTYBANK: Musch desired "IRR'A-tionalIn recent times trades faced glitches on execution, many incurred heavy losses. the new platform by the regulators, Investor Risk Reduction Access (IRRA) platform to address technical glitches and outages is a welcome move. However, this is not available to the ALGO traders. This clearly helps the novice traders as well as classical traders, to reduce this risk. It is always the case of new risks emerging and there is no reason why there will no zero risk at any point of time. While we talk on IRR, the irrationality of the markets remains. Nifty bank is in its path to ATH. The only hurdle is tomorrow being the holiday. Will that stop the bulls from piercing to the ATH. The PSU back reverts to the bullish view all over, still does not appear to be a crowded space yet. It is more like, I missed it this space. Incoming FED meet, elevated Crude prices, and rising US Yields as well as the US Dollar are some of the concerns, but they are collectively not a consideration to change the trend. The question is will it be a vertical move up for ATH or will there be a correction before the climb. This space is known for the U turns at crucial areas, despite the underlying trend being continuation. This can potentially be true this time also. However, that is an opportunity to get the bags of bulls. 45800-46500 is the new range, out of the old range just two months back. Bias to the upside, basing around 46080-45880.
Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout.
Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
NIFTY - Target Levels - 18.09.2023.Nifty Spot : 20169. Option Strike : 20200 CE & 20200 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers..
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
Stop Loss... Above or Below.. Break Even Point..
Don"t Enter Blindly.
We Focus On Our Daily Analysis..
Combination Theory Of Delta, Gamma & Thetta,.
Selection Of OI Analysis & Prediction Of Entry, StopLoss, & Targets,
Fibinacci Retracement Levels, Techninal View On Break Even Point.
Wait For Support or Resistance Breaking.. That Time Watch The Market Carefully.
Market Moves in UpTrend or DownTrend.
Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.
Its Most Important For Daily Tradings….
BY : newsbharathi27040.
Nifty consolidation Prepration of Fall?as we have discussed in our last posts, NIFTY is consolidating in the assending trangle or Rising wedge . which is a netrual pattern. by looking at the formation of the pattern it seems the prepration of the upcoming pull back to downside.
Reasons :
Option chain PCR: 1.22 (Bullish)
Consolidating in the assending trangle or Rising wedge which is netrual pattern might break to upside and also to downside. As this consolidation is after a long Bullish moment. there is higher probablity is will take a pull. back to downside.
RSI is in the bullish range.
VWAP >> Price
Verdict :
Consolidation in the rising wedge.
Plan of action:
Sell 20200 CE and SELL 19950 PE
Doji of indecision starting to form. With RSI at 74.3 there is a Doji formed after yet again Nifty making new record high of 20167. Nifty closed at 20103 indicating too much heat / resistance in the range of 20167 and 20200. If we close above 20200 the next target will be 20291. Supports for Nifty at the lower side will be near 20043 and 19911. Closing below 19911 can drag the Nifty to 19720 levels. Nifty may start positively but later in the day or next week there can be profit booking pressure as RSI will inch closer to 80 and above.
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
nifty pre market analysis14 SEP ANALYSIS:
Daily analysis:
PS-Position size
Nifty opens:
side: if it gives breakout buy(50)
gapup: see further price-action
gapdown: no trade
big gapdown: sell on breakdown
Banknifty
side: if it gives breakout buy(50)
gapup: see further price-action
gapdown: no trade
big gapdown: sell on breakdown
Nifty held ground but blood bath in Mid and Small Cap indices. There was a mayhem in the market as Small and Mid-cap indices faced heat today after flying high for last few weeks. Nifty ended 3 points in the negative but the story of the day was being written elsewhere. Heavy selling and Profit booking was seen in Small and Mid cap indices. Support for Nifty will be around 19911, 19720 and 19516. Nifty turns negative if we get a closing below 19409. Resistances for Nifty on the upper side will be at 20128 and 20291.
NIFTY--Sustain or Decline??The price has recently broken its all-time high (ATH) with strong momentum. Following a significant upward surge, it found support at the previous resistance level and continued its upward trajectory.
However, today, it failed to break the recent high. The outcome of tomorrow's trading session will be crucial for NIFTY's ability to maintain its position above the ATH. If the price fails to resume its upward movement tomorrow, it could attract selling pressure, potentially leading to a downward trend.
Therefore, tomorrow's price action holds significant importance as it will determine whether NIFTY can sustain its position above the all-time high. A failure to move higher could prompt bearish sentiment and open the possibility of a short-term decline.
Trade safe...
NIFTY--13-09-23I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements.
------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further.
---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher.
Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies.
Trade safe...Thank you guys for your support.
13.09.2023 NIFTY- 20000 CE & 20000 PENifty Spot : 19985.65
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week.
Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 20000 CE
Buy At : 100, Sl : 85, Next Sl : 60
Target : 119
Target : 143
Target : 166
Target : 190
Target : 209
Target : 238
Target : 261
Target : 285
Option Strike : 20000 PE :
Buy At : 90, Sl : 80, Next Sl : 55
Target : 113
Target : 135
Target : 158
Target : 180
Target : 203
Target : 225
Target : 248
Target : 270
Every Target Point Is An New Buy Entry. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike.
If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
NIFTY updateNifty is not done yet as per this count and there's clearly more upside to be seen in coming weeks.
Alternatively an expanded flat in red wave iV cannot be ruled out for now, which however would still lead to more upside later.
I will update the chart as it develops further.
Thanks for reading!
NIFTY -"G" - 20kEvents, Socio Economics, Moods and Mania are more powerful indicator than drill down economic analysis. While the later can satisfy your rational taste buds, the former keeps you grounded when the irrationality hits the ground. The G-20 meeting brings INDIA on headlines, while the bulls rise a toast on the occasion, nothing seems go wrong for us. While the Index making headlines, after completing very healthy correction to 19300 and then rise, this time it appears we are propelled to life above 20 K. Usually it is bull's vs bears, but this last three months it has clearly becomes bulls Vs bulls. No longer happy with 100% returns in three months kind of euphoria. Let that sink in. Kotak gives first warning, don't think markets would take cognisance of this yet. Focus remains on the bull side. What is magical about this is the structural bottom moved to 19300 and that is quite safe for anyone to approach the markets. No wonder, everyone is a bull, every group is active with bull views. There is clamour for tips. All the indicators are in healthy trend, so far, no signs of a U turn. The graph is half weekly and is in incomplete stage. We started with huge engulfing bull candle around the 19300 area, no wicks there. Then followed by large bull body with minor wicks. Now the current candle opens with a gap and completes tomorrow. The question that worries for those who are in sidelines is at level to enter, then whether to enter or not. For the SIP it is a static buy at all levels, no brain power is required for that. For the traders, it is a fight that they are used to it. 19930 is the near-term support while it holds, we aim toward 20180.
NIFTY POLE and FLAG continue BULL rallyAs we Have been discussing NIFTY gave a breakout on 2st SEP, SInce than we have been playing long on NIFTY.
NIFTY flag and pole target is still not completed. Nifty has broken all time high but today's volume was not good enough thats shows people are having Fear of all time high.
If we see Nifty Options chain data its super bullish.
I am expecting a little consolidation at this level . you can not go short by considering that it's all time high.
Reason :
Nifty price is far from EMAs, that means it has to consolidate after a big bull move of continues 2 weeks.
RSI is in Oversold zone that also indicate it need some consolidation.
This all time high is touched 2nd time, very low probablity to break and continue the trend.
VWAP << to Price means price need some rest to get average out.
PCR: 1.42, if 20,000 is crossed then it will have a heavy call unwinding of 20,000 level, that might take it to 20250. but chances to be continious bullish is very less.
Verdict :
Some Consolidation is expected.
Plan of Action :
Sell 19950 PE and Sell 20,000 CE
NIFTY--Rally Base Rally ??After the break of trendline,the Index is continue its momentum towards high...
If this rally continues to move upside, we are still pending with some more momentum left,
will soon this will touch 20600 levels.
Price broken the Bench mark of 20000 level today, but failed to close above the 20K.
NIFTY 11.09.2023 LEVELNifty Spot : 19819.95
Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option Level One Week.
Draw Buy, Sl, T1 to T5 Lines In Your Broker Application
Trailing Purpose Only.
Option Strike : 19800 CE :
Buy At : 98, Sl : 64
Target : 122
Target : 147
Target : 172
Target : 196
Target : ++++++++
Option Strike 20150 PE :
Buy At : 95, Sl :62
Target : 119
Target : 143
Target : 166
Target : 196
Target : +++++++++
Every Target Is An Entry Point. First You Conform The Trend..
Market Goes Uptrend Or Downtrend. Then Only You Entre or buy The Strike.
If You Enter Stop Loss is Below The Target 20 To 30 Points.. Otherwise You Loss The Money.
Kindly Watch My Break Even Point. Every Day.
Above The Break Even Point UPTREND Starts
Below The Break Even Point DOWNTREND Starts.
Don"t Enter Blindly.
NIFTY--Retracement or Reversal ?? The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels.
Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could become apparent. Following a period of strong bullish movement, the price appears to have entered a ranging phase.
During this phase, it may be prudent to consider short positions, anticipating the possibility of price offering discounts before potentially resuming its upward trajectory.
If retracement failed, they will take the price entirely to the bottom side...keep safe before long. Reversal may occur.
A proper Breakout above the mid channel resistance for NiftyNifty has given a proper Breakout above the mid channel resistance showing bullish momentum. 20,000 points on Nifty along with G-20 can be the theme for the next week. For this to happen there are 2 important resistances which Nifty has to cross. These resistances are 19867 and 19991. Supports on the lower side for Nifty in case the breakout fails will be at 19720, 19516, 19360 and 19223. Trend changes to negative in case we get a closing below 19223.