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Nifty Levels & Strategy for 21/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty closed in green and Bulls are trying hard to retain the control & continue with ongoing relief rally. Today, once again Bears as well as Bulls were rewarded who traded based on good quality setup. Buy on only when price action indicate you to buy & vice versa in case of sell. Weakness in Indian Rupee is hurting Indian traders. Nifty & Bank Nifty are trading in opposite directions. We have Diwali two days of Diwali vacation prior to October expiry. Please avoid trading (specially buying) in weekly options. Bulls have slightly upper hand based on OI data. Shall we continue to buy on dips & sell on rise with strict SL untill market trend is clear? Yes, I think so. Please share your thoughts. NIFTY SCORECARD DATED 20/OCT/2022 NIFTY IS UP BY 52 POINTS Name Price Previous Day Change % Change Nifty 17564 17512 51.70 0.30% India VIX 17.23 17.49 -0.25 -1.46% OPTION STATISTICS BASED ON 27/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 6777500, CE LTP: 11.95) Max OI (Puts) 16500 (Open Interest: 5910800, PE LTP: 4.6) PCR 1.17 (PCR is in buying Zone) Nifty Calls: ATM: Long Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:NIFTY
by manishmgupta
5
Advanced Micro Devices Analyze!!!😉Advanced Micro Devices (AMD) completed a Double Zigzag correction in Descending channel. AMD is completing one of the impulsive waves in my resistance zone, and I expect AMD goes down again to the support zone. Also, Every time AMD has risen slightly above the EMA 111, it has fallen again (this is the fourth time). Advanced Micro Devices Analyze, Daily Timeframe (Logscale). 🔴Resistance Zone🔴: 100.4$ until 98.3$ 🟢Support Zone🟢:85$ until 82.9$ ❗️Note❗️: If AMD breaks(valid) the resistance zone, then we can verify the end of the correction. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
NASDAQ:AMDShort
by pejman_zwin
4
Bank Nifty Levels & Strategy for 20/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty started on an excellent note. Later, profit booking brought it down and finally Bank Nifty closed on 54 points up. FIIs who were buying from last few days has suddenly turned bearish as retail traders started showing buying interest. Both are working mostly in opposite direction. Big players have access to retail traders data and they are positioning accordingly therefore majority of the retail trader should work very carefully and focus more on learning. Today, US market has trading in red. Retail traders should wait for good quality opportunities. BANK NIFTY SCORECARD DATED 19/OCT/2022 BANK NIFTY IS UP BY 54 POINTS Name Price Previous Day Change % Change Bank Nifty 40373 40319 54.45 0.14% India VIX 17.49 17.45 0.03 0.20% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40500 (Open Interest: 3104200, CE LTP: 9.85) Max OI (Puts) 39000 (Open Interest: 2759000, PE LTP: 121) PCR 1.06 (PCR is in sideways to mild bullish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Liquidation, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Tomorrow's expiry is likely to be volatile. Bulls as well as Bears are likely to get decent profit making opportunities. What should we do? Shall we buy on dips & sell on rise with strict SL in case we get good tradesetup. Yes, I think so. What are your thoughts?
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . US September Building Permits came in 1.4% higher than in August while Housing Starts registered 8.1% lower , following a recent trend of builders making more plans to build but being unable to start. Several factors contributing to this include average 30yr Fixed Mortgages going above 7%, more supply chain interruptions delaying building material/parts arrivals and inflated prices that are increasing the cost of new builds. Equities, Equity Futures, Cryptos, Gold, Agriculture, EURUSD, GBPUSD, CNYUSD, JPYUSD are all down while DXY, US Treasuries and the VIX are all up. The 19th GDPNow US Q3 GDP estimate is now 2.9% compared to 2.8% on 10/14 . Putin has announced Martial Law in all four of the Ukrainian territories he "annexed" a few weeks ago . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is currently trending down at $3685 after forming a peak just below the lower trendline of the descending channel from August 2021 at ~$3760, the next support (minor) is at $3658. Volume is currently Low (high) and on track to favor sellers for a second consecutive session. Parabolic SAR flips bearish at $3495, this margin is mildly bearish. RSI is currently trending down at 45 after forming a peak at 48.5 as it approaches a retest of the uptrend line from January 2022 at ~42 as support. Stochastic remains bullish and is currently trending up at 95 as it approaches a retest of max top. MACD remains bullish and is beginning to form a soft peak at -62, it's still technically testing the uptrend line from March 2020 as resistance at -76 minor resistance. ADX is currently trending down at 30 as Price is beginning to fall, this is neutral at the moment. If Price is able to bounce here then it will likely aim to retest the lower trendline of the descending channel from August 2021 at ~$3770 as resistance . However, if Price continues to breakdown here, it will likely formally retest $3658 minor support . Mental Stop Loss: (one close above) $3700.
SP:SPX
by dailytaguy
Will earnings Season push S&P to new lows? With the latest US earnings season underway, plenty of investors are still wary of making investment decisions. They hope that the earnings results will serve as guidance as to how the next few months will look like before factoring in fresh monetary policies and inflationary measures. Earnings and the S&P 500 In the lead up to the earnings season, A Bloomberg survey showed that more than 60% of its 724 respondents believed the third-quarter earnings season will push the S&P 500 index lower. But data from American financial data and software company FactSet is painting a different picture, revealing analysts' expectation of a roughly 7.5% growth in the earnings for S&P 500 companies for this year and the next, despite investors' fear of a worsening economic downturn. Federal Rate decision While investors are seeking clarity from the third-quarter earnings season, industry players and analysts are united in the belief that the Federal Reserve's rate decision will likely override any positive momentum and have major impact to stock performance moving forward. JPMorgan CEO Jamie Dimon said depending on whether the Federal Reserve engineers a soft or hard landing for the economy, the S&P 500 could fall another 20%. It came with a warning on Monday that the US would likely fall into a recession over the next six to nine months. In contrast, the International Monetary Fund, said Tuesday that it expects the US economy to grow 1%. The price of goods and services in the US continued to grow in September, with the consumer price index 8.2% higher than the prior-year period. The Federal Reserve and some economists maintain that demand generated by a hot labor market and higher wages fuel inflation and that higher unemployment and interest rates are the solution to bring it down. President of Yardeni Research Ed Yardeni expects the S&P 500 to wait until the end of 2023 to be back at its peak, while other analysts are betting on an improving outlook that will push stock prices higher, the New York Times reported.
SP:SPX
by BlackBull_Markets
Bank Nifty Levels & Strategy for 19/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bullish run continued in Bank Nifty. F&O data clearly indicating that Bank Nifty trend is looking positive. Today, we have noticed heavy short covering in ITM calls and long positions were added in ATM calls. FIIs continued with their buying in F&O. Today FIIs & DIIs have significantly reduced the bearish positions. US market is also trading in green. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 18/OCT/2022 BANK NIFTY IS UP BY 398 POINTS Name Price Previous Day Change % Change Bank Nifty 40319 39920 398.30 1.00% India VIX 17.45 18.42 -0.97 -5.24% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40500 (Open Interest: 2556675, CE LTP: 56) Max OI (Puts) 39500 (Open Interest: 2677750, PE LTP: 160.05) PCR 1.22 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Long Liquidation
NSE:BANKNIFTY
by manishmgupta
Alibaba Group Holding Analyze !!!BABA passed wave 5 in the Resistance Zone , and I expect that it will go DOWN to PRZ ( Price Reversal Zone ) & near the SMA 100 ( Daily Timeframe ) after breaking the Important Support Line . Also, we can see the Regular Divergence (RD-) between Price and MACD Indicator . Alibaba Group Holding Analyze ( BABAUSD ) Timeframe 4H ⏰ ( Heikin Ashi ) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NYSE:BABAShort
by pejman_zwin
4
Arcelormittal to break a resistance. ArcelorMittal - 30d expiry - We look to Buy a break of 22.52 (stop at 21.59) Prices have reacted from 19.40. A break of the recent high at 22.40 should result in a further move higher. Short term bias has turned positive. The RSI is trending higher. This stock has seen good sales growth. Our profit targets will be 24.92 and 25.72 Resistance: 22.50 / 23.50 / 24.50 Support: 22.00 / 21.40 / 21.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:MTLong
by Saxo
1
Bank Nifty Levels & Strategy for 18/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. BANK NIFTY Bank Nifty performed as expected. Traders who simply followed the technical pattern got rewarded heavily. Once Bank Nifty has given breakout above VWAP & 13EMA then throughout the day not even a single candle closed below 13 EMA/VWAP on 15 min chart. Those who shorted initially, took SL and reversed the trade for wonderful one way relief rally. Retail traders got caught again. FIIs have heavily added bullish positions in F&O contracts, US market is trading in green today and majority of the retail traders did exactly opposite to what FIIs did. May GOD bless retail traders. Please don't get carried away in one direction. Bank Nifty is in oversold zone now. We have to be patient enough to make some money and follow our rules without fail. Shall we look for buy on dips near major support levels & sell on rise opportunities if you get good trading setup ????? Yes, I think so. What do you think????? BANK NIFTY SCORECARD DATED 17/OCT/2022 BANK NIFTY IS UP BY 615 POINTS Name Price Previous Day Change % Change Bank Nifty 39920 39306 614.85 1.56% India VIX 18.42 18.26 0.16 0.88% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 40000 (Open Interest: 2227475, CE LTP: 9.05) Max OI (Puts) 37000 (Open Interest: 3057025, PE LTP: 363) PCR 1.48 (PCR is in overbought zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
SPY Stonks Forecast - Using THE MOST Accurate Indicator🎯Hi Traders, Investors and Speculators Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 To correctly identify the macro phase is to have power - this will eliminate fear and greed, and cancel out the noise you hear from news and "influencers". Looking at SPY, we can clearly identify a bearish trend as the market loses an important support zone and makes lower highs. By using the S&P 500 or the VTI , you can more easily spot the macro trend of the stock market, and which way MOST of the stocks will go. After doing a Fibonacci retracement analysis on the chart, we can see that a major support zone has been lost. Next, technical indicators become useful. By using Phoenix Ascending together with Bollinger Bands, the best of the technical indicators are combined as the Phoenix Ascending includes the RSI, EMA, LSMA and the momentum. All of the prior mentioned are pointing towards more bearish price action in the next few weeks to come. This will link up with an idea on the SPY that I made weeks ago by including the Wyckoff Method to find a potential bottom after the bearish markets: My view has not changed, since market fundamentals remain overall bearish. This however, does make a great time for accumulation. So sack up on those favorite stonks and await the bullish markets to take profits ! Interested in my view on Bitcoin? 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
AMEX:SPYShort
by CryptoCheck-
27
short term easy money?currently price is around the lvl of the 1st recovery after the covid crash (sept 2020). low risk to reward play. sell stops cleared out after CPI print then buy stops cleared out immediately after that. PA delivered to a fair value to set the stage for short term upward price movement. also gotta FVG that needs to be filled looking at HTF (weekly & daily) seems to confirm this also. fundamentally, because of all the mess going on in the world there could be a black swan event any day that traps market below 3590 lvl & falls straight to 3400. the powers that rule the world have balance & stability in their hands, will they handle it responsibly? my guess, is no. prepared for the worst, hoping for the best. whatcha think?? my legend: * Red dashed line- BSL * Solid red line- Hard resistance * Red box- Buy side FVG * Green dashed line- SSL * Solid green line- Hard support * Green box- Sell side FVG * Purple dashed line- IRL * Purple solid line- BMS/TP target * Orange dashed line- Liquidity range (ERL) * Purple box- Range FVG
TVC:SPXLong
by kacemoney
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * SHORT SQUEEZE WATCH . US September CPI came in 0.4% higher than in August compared to a 0.1% increase from July to August , and CPI without Food + Energy came in 0.6% higher, signifying that the decrease in fuel prices wasn't enough to slow inflation. This leaves the Federal Reserve in a comfortable position to raise another 75bps or more on November 2nd. Markets initially dumped on this news but have since rallied with Equities, Equity Futures, Cryptos, Energy, Agriculture, US Treasuries, EURUSD, GBPUSD and CNYUSD all now up on the day; DXY, VIX, JPYUSD and Gold are down. Very 2022, and very "short squeeze" vibes. Key Upcoming Dates: September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15; US September Building Permits and Housing Starts at 830am EST 10/19.* Price is currently trending up at $3685 and is testing $3658 minor resistance after bouncing off of $3517 minor support. Volume remains Moderate (high) and is currently on track to end a 5 day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $3785, this margin is mildly bullish at the moment. RSI is currently trending up at 44 as it retests the uptrend line from January 2022 at ~42 after bouncing just above the uptrend line from August 2015 at 35. Stochastic crossed over bullish today and is currently trending up at 58 as it bounces off of 48 support. MACD reverted to a bullish crossover today and is currently trending up at -83 as it approaches a retest of the uptrend line from March 2020 at -76 minor resistance. ADX is currently trending up slightly at 31 as Price shot up today, because this is an extremely volatile surge this is neutral at the moment. If Price is able to reestablish support at $3658 minor resistance then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance . However, if Price is rejected here, it will likely retest the weak descending trendline from July 2021 at ~$3600 as support . Mental Stop Loss: (one close below) $3600.
SP:SPX
by dailytaguy
Nifty Levels & Strategy for 14/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Today, Bank Nifty closed in red based on heavy selling by FIIs & Big Players. Tomorrow's Nifty's performance will be based on US CPR inflation data 8.2% (reduced YOY & increased MOM) & market performance. US FED has left out with no option & have to go ahead with aggressive rate hike (0.75%) in Nov-22. Right now, Dow Jones (+800 points) and Nasdaq (+240 points) are trading in green and recovered significantly from day's low. Tomorrow, we should expect a trending move however retail traders should work level by level and avoid getting carried away. Nifty is trading in bearish zone. Infosys positive results (beats the market expectation) may also lift Nifty as well as IT stocks. Shall we look for buy on dips near major support levels if you get good trading setup ????? Yes, I think so. What do you think????? NIFTY SCORECARD DATED 13/OCT/2022 NIFTY IS DOWN BY -109 POINTS Name Price Previous Day Change % Change Nifty 17014 17124 -109.25 -0.64% India VIX 20.29 20.18 0.12 0.57% OPTION STATISTICS BASED ON 20/OCT/2022 EXPIRY DATA Max OI (Calls) 17000 (Open Interest: 4034400, CE LTP: 203.4) Max OI (Puts) 17000 (Open Interest: 4464900, PE LTP: 179.65) PCR 0.82 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Long Buildup, OTM:Long Buildup, ITM:Long Buildup, FAR OTM:Long Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYLong
by manishmgupta
2
Sell the early optimism in Twitter.Twitter - 30d expiry - We look to Sell at 51.88 (stop at 55.11) We are trading at overbought extremes. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. This is curremtly an actively traded stock. In our opinion this stock is overvalued. The previous swing high is located at 54.50. A higher correction is expected. Our profit targets will be 44.55 and 42.55 Resistance: 52.00 / 54.50 / 56.00 Support: 50.00 / 48.00 / 45.00 Daily chart Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:TWTRShort
by Saxo
NASDAQ: Core CPI Jumped to 6.3%, Bearish Outlook Ahead?Hello Fellow Investor/Trader, Here's a Technical outlook of NASDAQ! NASDAQ has broken out of Ascending Broadening Wedge and retested the previous support area. Furthermore, The Stochastic indicator also made a Death Cross, indicating potential bearish movement ahead. All other explanations are presented on the chart. The roadmap will be invalid after reaching the target/resistance area. "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
UShort
by financialfreedomgoals101
3