NIFTY Buyers trapped - PsychologyIn this video -
1. Market move - Psychological level - Buyers trapped
2. Current trade positions - Trade Management
3. Views for upcoming week - Highly bearish as dip buyers badly trapped
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FRESH SHORT IN NIFTY ADDED 17712 levelsFirst video in Hindi
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In this video -
1. Fresh chart update & new TGTs
2. Fresh short position and plan around the levels
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Also do comment your views and levels for upcoming days & weeks.
Booked 440 points in NIFTY!Market was kind!
Booked 50% short position near 17627 levels today!
Around 440+ points booked and also holding few more for full TGTs!
New support trend line in video!
Watch level area 17627 for Monday for resistance or support!
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Further overall plan is to keep shorting in higher levels!
NIFTY gave easy short levels again today!NIFTY shorted around 18090 levels!
Total fresh short average (18050 + 18090)/2 = 18070.
Important levels to watch 18064 / 17924 / 17628 / 17264 price areas.
In this video, discussed resistance area faced since last 2 days & today as well.
Also, channel trend line support tested in today's session.
Crucial level to watch tomorrow 17924 area!
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Nifty daily analysis for 14/09/22Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100.
In the last hour nifty lost and around 90 points.
The market has taken a nice support from hourly 20 ema and closed just above the level.
On the 15 minute time frame, the market has closed between the 20 and 200 ema.
The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\
Support :-17965-990, 17923, 17832
Resistance :- 18020,18060, 18140
The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session.
Wait for the price action near the levels before entering the markets.
Nifty Trade Setup idea for 12-September-2022Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower.
- Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels.
- If the price breaks 17800 levels, then I would short with a stop of 50 points and first target around 17700 levels.
update on nifty 50 analysisi had previously posted the same analysis of nifty 50, and here i have brought you an update.
markets are in bull rally, and i guess a sort of bull rally is gonna over after going up by 50-100 points.
after that if the markets rise further(which has a good chance because fii are entering), so that will not carry the bull rally, it will just be a bullish nature, i believe such because the market had got its impulse movement from this rally. and on top of that, nifty chart has covered all the international news as such. plus, fii have sold there stakes and made there profits, now they are re- entering the markets.
and if the markets falls, then it will say, people have yet to make out the profits, and they will realise there profits by selling.
Nifty daily analysis for 09/09/22Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800.
On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow.
Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20 ema.
Support :- 17780, 17710, 17640
Resistance :- 17830, 17920
The market seems to be in a jittery mode. Wait for the price action near the levels before entering the markets.
NIFTY 50 for tomorrow - 26 August 2022Opens Gap up @ 17679 (Prev close: 17604).
Closed near its low-forming Bear Candle.
Took Resistance at previous Falling Gap.
RSI @ 59.75
Price Action expectation Tomorrow
Price may open a gap up or gap down.
If opens a gap up, will be an opportunity to short.
If opens Gap down, one needs to wait for the first 15 min price action, and act accordingly, though the structure is looking weak, I would most likely be looking to short if any short- setup develops.
Immediate Support at 17370 - 17320
Immediate Resistance at 17615-17630
nifty 50 Expiry View ~~ Tabhai devil rock
nifty 50 Expiry View :--No any changes in overall view
Shorting levels~ (i)17660 (ii)17746
(i) If NIFTYFUTURE opens around 17675-690 then in this case wait for 17730-740 level for short
(ii) If niftyOptions opens in 17650 level then you can go long for 17720-730
Nifty level tomorrow We see today a good buy in nifty if we calculate total move of nifty thn nifty can move more thn 300 points today now what for Tomorrow?? We see today close of nifty was below 17597 (17577) we make our Tomorrow view was bearish due to closing now we are bullish in nifty / buy nifty above 17597 bcs if it break this level thn it make a good bullish head &shoulder after that our target 17635 17691 17744
Sl 17575
Sell nifty below 17559
Target 17520 17490 17455
Sl 17600
See our view was bearish for opening bcz of closing if it crossed the level of 17597 thn we are bullish but before that we are bearish
Nifty Index Levels for 24/08/2022Dear traders, I have identified chart levels based on my analysis, major support, and resistance levels. Please note that I am not a SEBI registered member. Information shared here for educational purpose. Please consult your financial advisor before trading.
NIFTY
Nifty is up by 87 points. Nifty closed above 20 EMA, VWAP level near day’s high. We had a highly volatile day. PCR shifted down from 0.60 to 0.83 which is still in bearish zone.
Highest open interest on call side at 18000 (Same as yesterday)
Highest open interest on put side at 17500 (Shifted up from 17000)
FIIs, DIIs & OTHER PARTICIPANTS DERIVATIVE DATA ANALYSIS:
FIIs (Bullish):
FII bought in cash market for 563 crores and bought in derivative market contract for 6510 crores (please do continue to read about whether they bought long positions or short positions). FIIs reduced their index & stock future long contracts & added short positions in index & stock future contracts. FIIs took long positions in index call as put contracts & reduced stock call & put contracts.
DIIs (Mild Bullish):
DII sold in cash for -215.2 Crores. DIIs have slightly added new positions in Index & stock future contracts. Heavily reduced positions in options contracts.
PRO (Bearish):
Pro traders have added short index & stock future contracts. Reduced option contracts in index & stock call contracts. Added option contacts in index & stock put contracts.
CLIENT (Bearish):
Retail/HNI added index & stock future contracts. Significantly reduced their index & stock call option contracts. Added index put contacts & reduced stock put long & short contracts.
Shall we continue to expect high volatility in next few days?
Shall we look for buy on dips or sell on rise opportunities?
Please do share your comments. Have a happy, healthy & profitable day ahead!
NIfty weekly analysis for 22/08/22Nifty on weekly time frame, has formed a gravestone doji. It has formed a double top near the resistance zone.
A perfect bearish engulfing candle is formed on daily time and it has engulfed last 3 days candles.
The market has been in green for last 4 weeks and a retracement is pending.
Nifty on the hourly time frame has started trading below its 20 DMA and closed below it.
On 15 minute chart analysis, market has respected the 200 ema and is trading between 20 and 200 ema.
Support :- 17710, 17634, 17540
Resistance :- 17830, 17960
Wait for the price action near the levels before entering the markets
Nifty Levels for 22/02/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty closed below 20 EMA and VWAP level. Negative crossover in Nifty. We had a highly volatile day. PCR shifted from 1.2 to 0.69 is now in bearish zone. Indix VIX jumped up 5.39% from 17.35 to 18.29.
Highest open interest on call side at 18000. However call writing increased significantly below 18000 level
Highest open interest on put side at 17000. However heavy short covering and OI reduced significantly on lower side.
Dow Jones is down 292.3 points and Nasdaq is down by 263 points which is decent correction in a day. Nifty snaps 3 days of rally and closed the gap in one day itself.
FIIs, DIIs & other participants derivative data analysis:
FIIs:
FIIs have bought in cash & heavily sold all types of derivative contracts on net basis. FIIs change their bullish stance to bearish in no time. Let us see if they will continue to sell or it's just a profit booking
DIIs:
DIIs have sold in cash but bought 18000 plus future contracts in Index & stocks to partially absorb FIIs selling
PRO:
Pro traders too bought 14000 plus future contracts in Index & stocks but they have hedged their positions by selling calls & buying puts.
RETAIL/HNI:
Retail traders as usual created long positions opposite to FIIs, by buying 11700 Index Future contracts, heavy index calls buying 277973 contracts, stocks call buying 40280 contacts and stocks puts selling -58136 contracts. Few smart retail traders sold stock futures 11037 and hedged their contracts.
Shall we look for sell on rise opportunities? or
Is market is taking few steps back for bigger move towards all time high?
PLEASE DO SHARE YOUR FEEDBACKS AS WELL AND TRADE SAFELY & CAREFULLY TO AVOID GETTING INTO BULLS TRAP IN CASE OF SHARP BOUNCES.
Have a happy, healthy & profitable day ahead!