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a possibility that the dollar might go up to the 105 price levela possibility that the dollar might go up to the 105 price level because there might be a significant pullback. especially since the US elections has shown a very volatile effect on the USD and several other currencies in the past week. this might be a good opportunity to take out your spoil from the market or lose too. anyways, be careful. i intend to take trades only if there's a very straightforward setup. that said, if there is no liquidity raid, i won't be taking any trade. i'm not eager to lose or make money.
TVC:DXY
by isaacnsisong
Nifty 50 and BankNifty Prediction: 04 November 2024Happy Diwali friends... On the occasion of Diwali the Indian Stock market was opened for 1 hour as a mahurat trade on 1 November. On Friday the market was traded on very low volume. So we can the Friday market values. But still, Nifty 50 forms the harami cross candle which indicates a weak signal of the market and it breaks the lower circuit of the channel a few days back and moves to and fro near lower by that. But the OI number shows that on all round figure levels above 23300 has high resistance. The overall PCR is 0.83 and the nearby ATM is 0.77 which shows a weak sign. FII, Pro, and Client data show the market should be bearish. BankNifty forming a bullish harami green candle which shows a positive sign for the market. The OI chart of BankNifty shows high resistance at 52000 and 52500. The overall PCR is 0.65 and nearby ATM is 0.59. The FII made a strong bearish position on Thursday and the Client forms a Strong bullish position. Pro data is Indecisive. Let's wait for Monday's market if it goes up and breaks Thursday's high and only the possibility of bullish has taken control over the market. Conclusion and Trade Plan: If Banknifty opens and goes up in the morning before 10 AM and touches 52000 plan for a bearish position. But before making any trade make sure and check the open Interest and take confirmation before trade. Tomorrow is BankEx expiry and BankEx also shows little bullish in starting morning and then bearish.
NSE:NIFTYShort
by mayankkumar8520
Nifty Short, Medium & Long Term : 04-Nov-24 to 08-Nov-24Nifty Short, Medium & Long Term : 04-Nov-24 to 08-Nov-24 Nifty closed at 24304(Last week 24192) and touched high & low of 24498-24134 RSI ,Macd and stochastics levels are still down at the bottom. Last week Market continue to be down and narrow rangebound. Caution was emphasized on Nifty for last 4 months as nifty PE ( Currently 22.6) is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high and advised those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Fundamentally good stocks to be invested at these time. My Stock analysis of diwali recommendation from major financial agencies and also some of the stock which is good as per my analysis will be provided upon request. DM : karthik_ss ( Twitter) . Individual need to analyse on their own. Nifty 24304 Short term ( Short Term : Neutral) Nifty short term resistance 24458 ,24805 & 25370 Support at 24000, 23885 Medium Term next target is 25750 ( if move up decisively above next target is 25370), 26268 ( all time high), 26968 Medium term Support 22800. Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21900
NSE:NIFTY
by karthikss
Analysis Dollar / DXY Hello everyone, I haven't been active the whole week. I'm sharing my analysis for the upcoming week. The dollar's bullish momentum was purely market manipulation. What I see is a significant amount of liquidity below that the price wants to collect before continuing with its bullish movement. On the weekly (W) chart, the price is still in consolidation, which could last for a while longer. The daily (D) chart has been in a downtrend so far, but there was a BOS (Break of Market Structure). For this reason, I believe the dollar will be bearish next week.
TVC:DXY
by andricstrahinja95
SPX: Presidential elections and FOMCThe US stocks had a relatively mixed week. The S&P 500 started the week with the negative sentiment, around the level of 5.840, and moved in Thursday trading session to the lowest weekly level at 5.705. Still, during Friday the index managed to gain some 0,4%, ending the week at the level of 5.728. The Non-farm payrolls were the major surprise for the markets during the previous week. The US economy added only 12.000 new jobs in October, which was the lowest level since the pandemic. Analysts are noting that such a weak performance is a result of hurricanes and labor strikes, and that the labor market in the US stands on solid grounds. Amazon was one of the companies which was in the spotlight of investors, with a weekly gain of 6,2%, as the company continues to strengthen its cloud and advertising business above market current expectations. Intel was another company which strongly outperformed market forecasts, gaining 7,8% for the week. Regardless of a bumpy start of November, this might continue for the week ahead. Namely, two quite important events for the US are scheduled for the week ahead - on November 5th the US Presidential elections and FOMC rate decision on November 7th. These two events are implying that higher volatility and market nervousness might continue for another week.
SP:SPX
by XBTFX
IXIC (NASDAQ) When will the bears hibernate? Today I am sharing a snippet from my free weekly newsletter I send out each Sunday night (www.thetraderreset.com). I would love to hear what my fellow swing traders think the market may do this coming week. Here are my thoughts: Anything is game right now in the market. The pullback from last week paused at a key level as indicated by my yellow lines. If we break that line, we could be in store for another bearish week. I actually feel pretty beat down by the past week, so I don't feel I can make really objective predictions. What I can show you is what key levels I see, and what the weekly is doing for some extra clues. My thoughts below include the Dow's daily/weekly chart as well. 👀 Both daily charts show a failure to hold the rise on Friday. That is the long wick you see above the body of the candle. 👀 The movement on both daily charts is also a typically a bearish structure: a drop down, a rise to retest a certain area (in this case the moving averages) and then a continuation lower. 👀 The inability to pop above and close above the smaller moving averages is also a bearish sign. 👀 If we break below the yellow lines where the price is sitting, this could mean a decline toward the next yellow line (or for the Nasdaq, at least to the 50SMA, which is my pink line). 👀 If we hold at or near the yellow line both indices are currently at, this could mean the decline has halted, but will need a really good pop up to rally and to regain confidence. 👀 The indices are sitting on their 10EMAs (orange lines) and this too can act as support for a rise. So with that, what do you see to add to this? or what adjustments would you make to my observations?
DJ:DJI
by emanuelaelias
NAS100 View!!Amazon.com AMZN rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit above Wall Street estimates. Meanwhile, Apple AAPL fell 1.2% as investors worried about a decline in its China sales during its most recent quarter. Other so-called Magnificent Seven members Meta Platforms META and Microsoft MSFT also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq IXIC down on Thursday.
FX:NAS100Long
by FXBANkthe8055
High-Probability SWI20 Longs with 57.78% Achieving TPI am adopting a probabilistic approach to my trading strategy based on historical and statistical data. This method allows me to identify patterns and trends that have proven effective in the past, enabling me to make informed decisions about entering long positions. By applying mathematical rules derived from historical performance, I can assess the likelihood of price movements and manage risk effectively. This systematic approach helps to minimize emotional decision-making and enhances the potential for successful trades. Key Fundamentals Supporting a Bullish Bias: - Swiss Economic Resilience: Despite global economic challenges, Swiss equities are showing signs of recovery, with the Swiss SMI index rising 2% this year, indicating a potential bullish trend ahead. - Central Bank Policies: The Swiss National Bank (SNB) has indicated a favorable inflation outlook, which could lead to supportive monetary policies that benefit the stock market. - Currency Dynamics: The recent correction in the Swiss franc may ease pressure on exporters, potentially leading to improved earnings for companies within the index. - Investment Inflows: Swiss-domiciled funds have recorded their highest net inflows since 2022, reflecting growing investor confidence in the Swiss market. These factors collectively support a bullish outlook for the Switzerland 20 Index, aligning with my trading strategy. 2W: HOURLY ENTRY:
EIGHTCAP:SWI20Long
by Jasminex1x2
BANKNIFTY : Trading Levels and Plan for 04-Nov-2024Intro for Previous Day's Chart Pattern: In the last two trading session, Bank Nifty displayed a mixed trend with a bounce off the support levels, suggesting buying interest from lower zones. Key resistance levels emerged near the higher range, where sellers maintained pressure. As per the chart, Yellow indicates a potential Sideways trend, Green shows a Bullish trend, and Red highlights a Bearish trend. --- Trading Plan for 04-Nov-2024: Opening Scenarios: Gap Up Opening (200+ points): If Bank Nifty opens with a significant gap up around 52,191 or higher: - Watch for resistance near 52,191 (marked as “Last Resistance for Intraday”). A strong breakout above this level may provide momentum for further upside. - If the price holds above 52,129, consider initiating long positions, but be cautious of quick pullbacks near 52,483, the higher resistance zone. - If resistance holds, wait for confirmation before shorting, as the price may consolidate or pull back slightly to retest lower support levels. Flat Opening: If Bank Nifty opens flat around 51,675: - Focus on the immediate resistance level of 51,834. A decisive break above this level can push prices toward the 52,000+ range. - If prices struggle to breach 51,834, consider waiting for a dip towards 51,480, which is the “Opening Support for Buyers,” to enter long positions. - For intraday shorts, wait for bearish confirmation near 51,834 before targeting lower levels, particularly if the price heads toward the 51,366 support area. Gap Down Opening (200+ points): If Bank Nifty opens with a gap down near 51,366 or lower: - Observe the support zone around 51,366 and 51,008. If the price stabilizes in this range, it could be a good entry for long trades with a target towards 51,604. - If 51,008 (Last Intraday Support) is breached, further downside could follow, potentially dragging the index down to the 50,831 level. - Look for confirmation of strength or weakness before entering positions, as gap-down openings may lead to volatile price action. --- Risk Management Tips for Options Trading: - Use tight stop-losses in the volatile market conditions post-Diwali to avoid sharp losses. - Avoid over-leveraging. Consider position sizing that aligns with your risk tolerance, especially near key support and resistance levels. - Monitor option premiums closely, as high volatility can lead to rapid premium decay. - In case of significant volatility, consider exiting options positions early to preserve gains or limit losses. --- Summary and Conclusion: The 04-Nov-2024 session holds potential for a continuation of recent trends, with key resistance and support levels in focus. Look for clear breakouts above resistance or signs of support holding to confirm directional bias. Sideways movement within key zones may indicate consolidation, while breaks beyond these zones may drive a more directional move. Disclaimer: I am not a SEBI-registered analyst. This trading plan is shared for educational purposes. Please conduct your analysis or consult a financial advisor before making any trading decisions.
NSE:BANKNIFTYLong
by LiveTradingBox
5
NIFTY : Trading Levels and Plan for 04-Nov-2024Intro for Previous Day's Chart Pattern: In the previous two session, Nifty demonstrated a balanced movement with multiple attempts to break the support and resistance zones, suggesting potential consolidation. The chart highlights key areas where demand and supply forces are likely to react. Yellow trend indicates Sideways movement, Green trend shows a Bullish trend, and Red represents a Bearish trend. --- Trading Plan for 04-Nov-2024: Opening Scenarios: Gap Up Opening (100+ points): If Nifty opens with a significant gap up around 24,489 or higher: - Watch for resistance near the ChCoCh Zone (Change of Character) at 24,489-24,533. If Nifty sustains above 24,533, it could indicate strong bullish momentum towards the 24,616 zone, marked as the “Last Intraday Resistance.” - In case of a rejection from 24,489, wait for confirmation before initiating short trades, as prices may retest lower support levels. - For conservative traders, it’s advisable to wait for a retracement back toward 24,286-24,265 levels before considering long entries. Flat Opening: If Nifty opens flat around 24,300: - Focus on the immediate support level at 24,286. A successful defense of this support could trigger a bounce towards the 24,489-24,533 resistance area. - If prices struggle to break through 24,286, look for opportunities to enter long trades near the “No Trading Zone” at 24,163. - For intraday shorts, wait for bearish signals near 24,533 or if Nifty falls below 24,265, targeting the lower support at 24,020. Gap Down Opening (100+ points): If Nifty opens with a gap down around 24,163 or lower: - Monitor the support levels at 24,020 and 23,958. These zones represent “Last Buyer’s Support for Intraday.” A break below 23,958 may trigger further downside pressure towards lower levels. - If 24,020 holds, it could offer a buying opportunity with a potential target toward 24,286. - For intraday trades, be cautious of volatility and await clear price action before entering positions, especially in gap-down scenarios. --- Risk Management Tips for Options Trading: - Limit your position sizes and keep a strict stop-loss in volatile conditions, especially post-Diwali. - Monitor implied volatility as it can affect options premium significantly during high volatility sessions. - Avoid chasing options trades if premiums have already inflated substantially post-market opening. - Stay cautious around key levels to avoid whipsaws and consider taking partial exits at defined target levels to lock in profits. --- Summary and Conclusion: The 04-Nov-2024 session may witness reactions at critical support and resistance zones, presenting opportunities for both intraday and swing traders. Wait for a clear break of levels to confirm direction. Sideways consolidation could occur near the mid-range, so be prepared for both trend-following and range-bound strategies. Disclaimer: I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Please conduct your analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
The Weekend: Prepping to Trade & Travel w/AIRAIn preparation for a trip to show my daughter more of Thailand, I've switched to a fully mobile setup. I’m running everything with just two laptops and a monitor for each, getting my mind ready for this new workflow. I’m excited for this change because our usual work routine felt like it was limiting her experiences at such a crucial time in her life. This upcoming week is a big one, but nothing is more important than her growth and development. So, I hope you enjoy this test video. Rest assured, What's Flowing videos will keep flowing, and my algorithms will stay busy spread trading across various markets.
TVC:DXYEducation
by moneymagnateash
Mother Line, Trend line and other resistnace up ahead to watch.Before Nifty can fly further there are some important resistances to be crossed in the near by zone are 24368 that is the high of Muhurat day, Mother line resistance at 24391, Trend line resistance near 24400. After closing above 24400, Nifty can quickly reach 24505 or even 24601 in a short time. Supports for Nifty are at 24280, 24239, 24172 and 24142. Final support for Nifty is in the range of 24069 below which bears can create further havoc. Shadow of the candle is slightly positive but FII's deep selling is making the investors vary and fearful this does not include DIIs as of now but below certain level even they can start to give in if things do not improve. Shadow of the candle is slightly positive.
NSE:NIFTY
by Happy_Candles_Investment
1