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Nifty Levels & Strategy for 23/Sep/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, Nifty has performed as expected after US FED hike by 75 basis points and hawkish commentary. Sell on rise strategy really worked well. F&O OI data are indicating further bearishness. Today also US indices are trading in red. Let us see if US market recovers from by EOD. NIFTY SCORECARD DATED 22/SEP/2022 Nifty is down by -88.55 points Name Price Previous Day Change % Change Nifty 17630 17718 -88.55 -0.50% India VIX 18.82 19.33 -0.51 -2.64% Max OI (Calls) 19000 (Open Interest: 7029200) Max OI (Puts) 16000 (Open Interest: 4912700) PCR 0.88 (PCR is in bearish zone) NOTES BASED ON 29/Sep/2022 EXPIRY DATA: Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Shall we continue to look for sell on rise opportunities/profit booking ????? Yes, I think so. What do you think? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
SPY 9/11 Analysis UpdateSPY broke below pennant (blue dotted line) and also broke below $386.83 to create a new lower low. It is also trading in a downward flag pattern. SPYs sell off on 9/21/22 after Fed meeting sent the ETF from $389.31 to $377.38. This move filled most of the GAP between $376 - $379, which was created on July 14th/15th. The 9/21 trading day candle on daily timeframe closed “wickless” indicating that there may be more movement lower in the following day (Thursday-9/22/22). Moving forward, I am watching for a relief bounce from the support line (blue line) in the downward flag pattern that price is currently trading in, followed by a reject (or even possible breakup) from the resistance line (white line) in the downward flag pattern. Ideally I would want a move down to the June 17th lows of $360.69. Here’s to wishful thinking! And IF SPY happens to break below this point (RED LINE), then let’s just say we’re headed into the DANGER ZONE!! (Kevin Samuels voice lol) My Golden Zone for a bottom is also indicated in gold between the prices $310 and $327 (Only Speculative!)
AMEX:SPY
by Stockstradamus_
1
Bank Nifty Levels & Strategy for 22/Sep/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 is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 ( bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome. Highest open interest on call side at 43000 (Shifted up from 42000 to 43000) Highest open interest on put side at 40000 (Remained at same level) NIFTY Nifty is down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 ( bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted up from 17000 to 17500) Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Nifty Levels & Strategy for 22/Sep/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 is down by -98 points. PCR is down from 0.99 (sideways zone) to 0.73 (bearish zone). It looks like US market along with Indian market has digested US FED hike up to 0.75%. Today, US market is trading in green. Let us hope for the best for better outcome of US FED meeting. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is down by -265 points. PCR is shifted down from 1.07 (mild bullish zone) to 0.84 (bearish zone). It looks like today Bank Nifty followed weak global cues and bulls were nervous ahead of US FED meeting outcome. Highest open interest on call side at 43000 (Shifted up from 42000 to 43000) Highest open interest on put side at 40000 (Remained at same level) Will tomorrow’s trades be based on US FED meeting outcome? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
S&P500 Index Analyze!!!First, I have to say that if you want to know about the road map of the S&P500 Index, please look at my previous post about S&P500 Index (It ran as I expected✅).👇 S&P500 Index is near the trend line, and I expect that it goes down and making the Expanding Leading Diagonal. I showed you the end of wave 5 in my chart. Also, we can see the Hidden Divergence (HD-) between MACD Indicator and price.👇 ❗️Note❗️: If S&P500 Index breaks the trend line, my scenario will change. S&P500 Index Analyze Daily Timeframe(Log Scale) 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.
SP:SPXShort
by pejman_zwin
3
Nifty Levels & Strategy for 21/Sep/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 is up again by 194 points. PCR is up from 0.70 ( bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted down from 17500 to 17000) BANK NIFTY Bank Nifty is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 ( bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Bank Nifty Levels & Strategy for 21/Sep/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 is up by 564 points. Superb performance by Bank Nifty amid so many global issues. PCR is shifted up from 0.78 (bearish zone) to 1.07 (mild bullish zone). Frankly, it’s strange to see bank nifty is once again close to lifetime high amid global issues (Strong USD, weaker Indian Rupee) as Indian issues like current account deficit is growing. If US market recovers in coming days then I will not be surprised to see Bank Nifty again not only making new lifetime high but also sustain at higher levels. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) NIFTY Nifty is up again by 194 points. PCR is up from 0.70 (bearish zone) to 0.99 (sideways zone). It looks like Indian market has digested US FED hike up to 0.75%. If IT sector supports, then Nifty may not only cross 18K level but also make a move towards lifetime high in next few days. Tomorrow, Nifty is likely to trade sideways. What are your views? Please do share. Highest open interest on call side at 18000 (Remained at same level) Highest open interest on put side at 17000 (Shifted down from 17500 to 17000) Shall we continue to look for sell on rise opportunities/profit booking till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity based on strength in Indian market? Yes, I think so. What are your views? 1. near major support levels 2. near high OI in PE strikes with strict SL? Overall, is Indian market likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? However, it’s quite important to check & review following prior to finalize your strategy/work plan for next trading session. Market is very dynamic and overnight situation may get change. 1. Global cues based on EOD data 2. FIIs/DIIs/Big player cash & F&O data analysis Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTYLong
by manishmgupta
Bank Nifty is consolidating & getting ready for next actionDear 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. Is Bank Nifty consolidating in narrow range & getting ready for breakout or breakdown ????? Bank Nifty has taken multiple support at VWAP after breakout. Why VWAP indicator is so import? Is it indicating strength????? What do you think? Please share your views.
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD Daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash . *FOMC WATCH. This week is already off to a volatile start with Equities starting in the red and currently attempting to close in the green. Equities, Equity Futures, Cryptos, Energy, DXY and US 10yr Bonds are either flat or up while VIX, EURUSD, US 30yr Bonds and Gold are flat or down. Yesterday on CBS 60 Minutes, US President Biden publicly sent a message to Russian President Putin urging him not to resort to nuclear or chemical warfare in Ukraine and that the West would respond in kind if he were to; meanwhile, Putin is trying to recruit more Russian volunteers to fight in Ukraine. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price is currently testing the lower trendline of the descending channel from August 2021 at ~$3850 as support. Volume is currently Low rack to favor buyers if it can close today's session in the green. Parabolic SAR flips bullish at $4090, this margin is mildly bullish at the moment. RSI is currently trending sideways as it tests 38.06 support, if it breaks below this level then the next support is at the uptrend line from August 2015 at ~32. Stochastic remains bearish and is currently beginning to form a trough as it tests 18.32 support. MACD remains bearish and is currently trending down at -50 with no signs of trough formation, it is still technically testing -43.84 support; if it loses this support then the next support (minor) is at -76.22 and would likely coincide with the uptrend line from March 2020. ADX is currently trending up slightly at 21 as Price continues falling, this is mildly bearish. If Price is able to bounce here then it will likely test $3938 minor resistance . However, if Price breaks down below this level then it will likely retest $3706 minor support before potentially going lower to test $3508 minor support . Mental Stop Loss: (one close above) $3938.
SP:SPX
by dailytaguy
Nifty Levels & Strategy for 20/Sep/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 is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 (bearish zone). Market sentiment is bearish ahead of US Fed meeting. Highest open interest on call side at 18000 (Shifted down from 19000 to 18000) Highest open interest on put side at 15000 (Shifted up from 17000 to 17500) BANK NIFTY Bank Nifty is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 (bearish zone). US markets closed in red and even today trading in red. US Dollar, US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) Shall we continue to look for sell on rise opportunities till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
2
Bank Nifty Levels & Strategy for 20/Sep/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 is up by 128 points. PCR is shifted up from 0.69 (highly bearish zone) to 0.78 ( bearish zone). US markets closed in red and even today trading in red. US Dollar , US 10Y Bond Yield is further getting stronger. Indian Rupee & other global currencies are getting weaker which is certainly not a good sign for emerging economies like India. Highest open interest on call side at 41500 (Shifted up from 41500 to 42000) Highest open interest on put side at 40000 (Shifted up from 38500 to 40000) NIFTY Nifty is up by 91 points. Today, Nifty has performed as expected. Nifty was already oversold on Friday and morning dip was bought instantly and closed in green. PCR is up from 0.49 (oversold zone) to 0.7 ( bearish zone). Market sentiment is bearish ahead of US Fed meeting. Highest open interest on call side at 18000 (Shifted down from 19000 to 18000) Highest open interest on put side at 15000 (Shifted up from 17000 to 17500) Shall we continue to look for sell on rise opportunities till US Fed meeting ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? Is Bank Nifty likely to remain sideways till outcome of US FED meeting????? I think so. What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
SPX Daily TA Cautiously BearishSPXUSD Daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . All eyes are on the big FOMC statement at 2pm on 09/21. The big volatility and volume surge today was largely due to a whopping $3.2t OpEx (options expiration) . The UofM Consumer Sentiment Index for September came in at 59.5 compared to 58.2 in August, reflecting a slightly more optimistic consumer heading into Q4. Equities, Cryptos, Futures, US 10Y Treasury, DXY and Agriculture Commodities are all down or flat while VIX, 30Y Treasury, EURUSD, Precious Metals and Oil are up. Key Upcoming Dates: US August Building Permits and Housing Starts at 830am EST 09/20; 13th GDPNow US Q3 GDP estimate 09/20; FOMC meeting 09/20-09/21 (Statement Released at 2pm EST on 09/21); S&P US September Manufacturing PMI at 945am EST 09/23.* Price finished the day at $3873 after briefly testing the lower trendline of the descending channel from August 2021 (~$3850) as support. Volume is High (high) was the highest since 06/17/22 due to a massive OpEx and favored sellers for a second consecutive session today. Parabolic SAR flips bullish at $4100, this margin is mildly bullish at the moment. RSI is currently trending down below the uptrend line from 01/27/22 at ~40 and testing 38 support with no signs of trough formation; the next support is at the uptrend line from August 2015 (~32). Stochastic remains bearish and is currently trending down at 26, the next support is at 18.32. MACD is currently testing -43.84 support with no signs of trough formation after a rejected bullish crossover attempt at the weak uptrend line from March 2020 (-22) as support; if -43.84 support doesn't hold then the next support is the strong uptrend line from March 2020 at -76.22 minor support. ADX is trending up slightly at 20 as Price continues to fall, this is mildly bearish at the moment. If Price is able to bounce here then the next likely target is a retest of $3938 minor resistance . However, if Price continues to fall here, it will likely formally retest the lower trendline of the descending channel from August 2021 at ~$3850 as support before potentially retesting $3706 minor support . Mental Stop Loss: (two consecutive closes above) $3938.
SP:SPX
by dailytaguy
2
Nifty Levels & Strategy for 19/Sep/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 is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 ( bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish , but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped. Highest open interest on call side at 19000 (Shifted up from 18700 to 19000) Highest open interest on put side at 17000 (Shifted up from 16500 to 17000) BANK NIFTY Bank Nifty is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 ( bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation. Highest open interest on call side at 41500 (Remained at same level) Highest open interest on put side at 38500 (Remained at same level) Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session? Shall we again start looking for sell on rise opportunities ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
6
Bank Nifty Level & Strategy for 19/Sep/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 is down by -432.4 points. Bank Nifty performed as expected based on global cues and strong selling by FIIs. Bear made good money today. PCR is shifted down from 0.87 (bearish zone) to 0.69 (highly bearish zone). US markets are trading at 2 months low and trading today as well in red. US Dollar is getting stronger and Indian Rupee is getting weaker. RBI will have no choice but to go ahead for a rate hike in India to control inflation & Dollar-Rupee equation. Highest open interest on call side at 41500 (Remained at same level) Highest open interest on put side at 38500 (Remained at same level) NIFTY Nifty is down by -346.55 points. Today, Nifty has broken down & closed below major support levels. PCR is down from 0.72 (bearish zone) to 0.49 (oversold zone). Today, selling on rise strategy coupled with F&O data worked well as expected. Market sentiment has turned bearish, but it will be better to wait for good trade setup because Nifty is right now in oversold zone otherwise traders may get trapped. Highest open interest on call side at 19000 (Shifted up from 18700 to 19000) Highest open interest on put side at 17000 (Shifted up from 16500 to 17000) Shall retail traders should utilize gap-down on Monday for profit booking & wait for right opportunity? What’s your idea for next trading session? Shall we again start looking for sell on rise opportunities ????? 1. Only at higher level after decent pull back from lower levels 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near major support levels 2. near high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do check & review following prior to finalize your strategy/work plan for next trading session 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
2
US30, are sellers getting ready to test 30,550? In today’s video, we are looking at the US30. We start with a longer-term view and move down to the short term. Overall, the market continues to trade in a corrective phase that could be called a bear market. The issue we see here was the last relief rally that broke the downtrend. While it did upset the pattern of the downtrend, sellers now look to have broken that trend, and Tuesday’s session could be a bit more than an exhaustion bar as sellers so far today have made a new LL maintaining a normal pattern of trend. After yesterday’s latest move lower, could we be set to see 30,550 retested by sellers? That could become an important point if buyers can hold it. We will then look to see if a new LH and retest of the area could re-confirmed. Otherwise, a new break could set up a new move that could test the 30,000 area. A lot will depend on the current inflation outlook guided by future data and the Fed. Interesting times. We love hearing from you, so please drop us a comment on your thoughts. Enjoy your Friday and good trading.
EIGHTCAP:US30Short
by Eightcap
SPY - Is Smart Money Playing Games? Don't Be Fooled!Hello Traders, here is my analysis for the SPY. Let me start by saying that currently I'm unsure as to what the SPY will do over the coming days... However, given what we've seen recently, I think that there is a relatively high probability that we see a scenario like the one I'm proposing will take place. A scenario where: 1) Smart money takes price lower to grab liquidity and fool novice traders 2) A corrective rally to the upside will follow, back to the top of the descending trend line near $420 3) A large sell-off will occur breaking the range lows Lets see how this plays out over the coming day's / weeks. In the meantime we can use this to guide us into taking positions at the right levels if this type of scenario plays out. For example; Since I'm anticipating a scenario like this to take place, I'm starting to plan to take longs and shorts at key S&R levels. 1) I will consider taking a long on SPY through averaging in at various levels as price travels down from $390 (Since I'm anticipating a rally soon) 2) I will likely enter a short on the SPY when it reaches key resistance at $411, $420 and $429 since I'm anticipating a large sell off after at some point. Thanks everyone and best of luck trading.
AMEX:SPY
by natef1
4
HAS HDFC BANK GIVEN BREAK OUT/TARGETS FOR NEXT FEW MONTHS ?????Dear 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 don’t trust me or anyone for trading/investment purpose. Focus on learning how to fish, trust your own skills and please do consult your financial advisor before trading. HAS HDFC BANK GIVEN CLEAN BREAK OUT ON WEEKLY CHART/BIGGER TIMEFRAME ????? WHAT ARE THE POSSIBLE TARGETS OF HDFC BANK FOR NEXT FEW MONTHS ????? FRIENDS, WHAT DO YOU THINK ????? LET'S WORK & WIN TOGETHER. MANY THANKS 🙏🙏
NSE:HDFCBANKLong
by manishmgupta
Nifty Levels & Strategy for 16/Sep/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 is slightly down by -126 points. Today, Nifty has broken down 18K level and could not close above the psychological level. PCR is down from 1.1 (buying zone) to 0.72 (bearish zone). Today’s positive opening has given chance to retail traders for booking profit. Later Nifty slipped below 18K level. Highest open interest on call side at 18700 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 16500 (Based on next weekly Sep, 22nd expiry data) BANK NIFTY Bank Nifty is down by -196 points. Today was a historical day when Bank Nifty touched new lifetime high. It was dream come true amid several global issues. Bank Nifty was pushed in red due to heavy profit booking & new short positions added by traders. PCR is shifted down from 1.62 (Overbought zone) to 0.87 (bearish zone). Highest open interest on call side at 41500 (Based on next weekly Sep, 22nd expiry data) Highest open interest on put side at 38500 (Based on next weekly Sep, 22nd expiry data) Shall we again start looking for sell on rise opportunities ????? 1. till Nifty is below 18K 2. near major resistance levels 3. near high OI in CE strikes with strict stoploss? Shall we look for buy on dips opportunity 1. near support level 2. high OI in PE strikes with strict SL? What do you think? Please do share your comments. Let us work & win together. Please do review 1. Global cues based on EOD data 2. FIIs/DIIs F&O data analysis prior to finalize your strategy/work plan for tomorrow Have a very happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nasdaq 100 index analysis: US real yields dominateThe Nasdaq 100 index ( US 100 ) has moved in the opposite direction of US real yields ( DFII10 ), which are the difference between nominal Treasury yields and market-based inflation expectations (also known as Breakeven yields). Real yields serve as a measure of the Fed's rate tightening aggressiveness. The 30-day correlation between Nasdaq 100 and US real yields is currently at -0.83, indicating a strong and inverse negative relationship. US real yields have risen dramatically since the start of the Fed hiking cycle in mid-March, from -0.7% to around 1% as of this writing, reflecting increased market expectations of a more stringent monetary policy. This means that the nominal yield on a 10-year Treasury (3.45%) is currently about 1% higher than the market measure of inflation expectations for the next 10 years (2.45%). Positive real returns on a safe asset like US Treasuries undoubtedly act as a deterrent to investing in riskier assets like stocks. Technology stocks are also way more sensitive to changes in Federal Reserve interest rates than stocks in other industries. Higher interest rates reduce the long-term expected cash flows for tech companies. As a result, tech stocks fall more than the overall stock market. The Nasdaq 100 has underperformed the broader S&P 500 ( US 500 ), which is down 17.7% year to date versus -26.5% for the tech-heavy index. After the US inflation rate continued to beat market expectations this week, markets have already fully priced in a 75 basis point hike at the FOMC meeting next week. The chances of another 75 basis point hike in November are also increasing, which would bring US interest rates to 4% ahead of the December meeting. Stronger rate hikes could put additional pressure on the tech-heavy Nasdaq index .
NASDAQ:NDX
by Capitalcom