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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
NSE:NIFTY
by finnova_
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.
NSE:NIFTY
by IIT-Trader
14
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...
NSE:NIFTY
by IIT-Trader
3
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.
NSE:NIFTY
by IIT-Trader
12
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.
NSE:NIFTY
by market1tomorrow
NIFTY distribution phase startedAny stock moves in the form of accumulation -> trend -> distribution. Nifty started the accumulation phase and went into the trend; as it touches time high now, people will start booking their profits. As we discussed in yesterday's analysis, it requires some consolidation today. It was mostly consolidation today. As Expiry is the day after tomorrow, I am not expecting any big moment in NIFTY. Don't go for buying options right now. If you want to trade NIFTY, go with option selling. Reason: RSI is showing a HUGE DIVERSION. It's not easy to break an all-time high in one go. VWAP << PRICE 40.6 Lakh new CE addition at 20,100 shows huge resistance at 20100. PE unwinding in huge quantity. While PCR = 1.13 (bullish). Verdict : Market is sideways. Plan of action : Sell 20100 CE and 19950 PE
NSE:NIFTY
by finnova_
NIFTY INTRADAY LEVELS FOR 12/09/2023BUY ABOVE - 20000 SL - 19950 TARGETS - 20080,20140,20200 SELL BELOW - 19950 SL - 20000 TARGETS - 19900,19860,19860 Previous Day High - 20008 Previous Day Low - 19860 I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
6
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
NSE:NIFTY
by finnova_
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.
NSE:NIFTY
by IIT-Trader
3
NIFTY--08/09/23I 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.
NSE:NIFTY
by IIT-Trader
9
Nifty 50 for 9/6/2023Hello Traders, Hope you're well. Today, buying options, especially Puts, was tough as the market made three peaks and premium prices dropped fast. Even if you were right about the direction, it was hard to hold onto your trade. Earlier, we pointed out that 19,230 was a good buying area, and it turned out right. We saw a 350-point rise from there. Many expected the market to go below 19,230, but it surprised us by going up to 19,574.50. What's next? Read below. Support Areas for Nifty 50: Two buying zones to watch are around 19,482 to 19,452. Wait for the market to hit these levels before buying. Aim for 19,527 and 19,562 with a stop loss below 19,445. Be patient and don't rush into trades. If Nifty goes under 19,440, be prepared for a drop to 19,260. Resistance Areas for Nifty 50: The high today was 19,587, a strong resistance. We think the market might return to these levels to shake out sellers and attract new buyers. If Nifty goes above 19,587 and then drops back down, consider buying Put options (PE) with a stop loss at the highest point of that drop. This could result in an 87-point move to 19,500. Personal Opinion: While we've given different scenarios, our personal view is that if the market stays above 19,600 for a whole day, it could aim for 20,000 soon. Many traders are still ready to buy Puts, and sentiment remains unchanged. Please note that I am not a SEBI registered advisor, and these trades are for educational purposes only. We recommend focusing on intraday trades and avoiding holding positions overnight.
NSE:NIFTY
by kIRANANGARKAR