Nifty - In an Oversold Zone, But...
Even after Dow Jones ended in red by over a per cent at a new all-time low, Indian markets started the day in positive ticks.
In the Daily Pre-Market Video, I highlighted the Options Writers are indicating the Short-Covering rally and we are witnessing an addition in 17000PE and 17100PE in the first 30mins.
Technical Structure signals Bulls falling at the first hurdle.
1. The breakdown of the double-top pattern and previous swing low at 17,166 (marked black Trendline)
2. The 200EMA on a 2hours chart
3. The Gap area
Even though the Relative Strength Index (RSI) slope is trending northwards in oversold territory, the price action is rejected at the confluence of the resistance zone.
We may have a rangebound day till 16,950-17,230 levels are not taken out.
(CMP-17,075)
#Nifty
#KeepItSimple
What is your Trading plan for the day?
👍🏻 Buying
👎🏻 Selling
❤️ Short Strangle
Even after Dow Jones ended in red by over a per cent at a new all-time low, Indian markets started the day in positive ticks.
In the Daily Pre-Market Video, I highlighted the Options Writers are indicating the Short-Covering rally and we are witnessing an addition in 17000PE and 17100PE in the first 30mins.
Technical Structure signals Bulls falling at the first hurdle.
1. The breakdown of the double-top pattern and previous swing low at 17,166 (marked black Trendline)
2. The 200EMA on a 2hours chart
3. The Gap area
Even though the Relative Strength Index (RSI) slope is trending northwards in oversold territory, the price action is rejected at the confluence of the resistance zone.
We may have a rangebound day till 16,950-17,230 levels are not taken out.
(CMP-17,075)
#Nifty
#KeepItSimple
What is your Trading plan for the day?
👍🏻 Buying
👎🏻 Selling
❤️ Short Strangle
👍58👎27❤14👏3
Do you know - The Dollar Index weights are revised just once since its inception in 1973 when Euro was launched.
Completing its 50 years in March 2023, should it be Revised with the addition of new currencies?
👍🏻 Yes
👎🏻 No
❤️ It doesn't matter to India
Completing its 50 years in March 2023, should it be Revised with the addition of new currencies?
👍🏻 Yes
👎🏻 No
❤️ It doesn't matter to India
👍88❤12
Fast Profits Daily
Nifty - In an Oversold Zone, But... Even after Dow Jones ended in red by over a per cent at a new all-time low, Indian markets started the day in positive ticks. In the Daily Pre-Market Video, I highlighted the Options Writers are indicating the Short-Covering…
Nifty - It's the Short Strangle Day so far 📈📉📈📉
👍9❤2
The bulls protecting the 17,000 marks on Nifty; end at 17,007.
The heavyweight’s Reliance Industries, TCS and Infy came as the savior for bulls.
BankNifty fell for a straight fifth day; the 37,800 will be do-or-die for bulls.
The 17000PE witnessed unwinding in the
last hour of the day; the fall below 16,940-16,950 may trigger a sell-off towards 16,800 levels tomorrow.
The PCR for Nifty and BankNifty is below 0.6 signalling the pause to bearish momentum on expiry day.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The heavyweight’s Reliance Industries, TCS and Infy came as the savior for bulls.
BankNifty fell for a straight fifth day; the 37,800 will be do-or-die for bulls.
The 17000PE witnessed unwinding in the
last hour of the day; the fall below 16,940-16,950 may trigger a sell-off towards 16,800 levels tomorrow.
The PCR for Nifty and BankNifty is below 0.6 signalling the pause to bearish momentum on expiry day.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍29❤6
Daily Pre-Market Analysis - 28th September | Nifty - Expiry Strategy | Sectorial Index |
SGX Nifty Live @ 16,865
Have a Profitable Day!
#PreMarketAnalysis #KeepItSimple
https://youtu.be/9_FdYNdm1Rg
SGX Nifty Live @ 16,865
Have a Profitable Day!
#PreMarketAnalysis #KeepItSimple
https://youtu.be/9_FdYNdm1Rg
YouTube
Daily Pre-Market Analysis - 28th September | Nifty - Expiry Strategy | Sectorial Index |
SGX Nifty Live @ 16,865
Watch out for:
1. Nifty - The Gap-Down can take the index to...
2. Sectorial indices with Nifty50 weights
3. Expiry Trade - OI Structure
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket #sgxnifty…
Watch out for:
1. Nifty - The Gap-Down can take the index to...
2. Sectorial indices with Nifty50 weights
3. Expiry Trade - OI Structure
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket #sgxnifty…
👍21❤1
Nifty - Hang in there
The gap-down opening right at the support indicates the make-or-break expiry.
The bears are yet to capitalize on the bearish opening and losing momentum.
Technically. the index is trending at the confluence of the support area.
1. Horizontal Trendlines
2. Resistance turns Support
3. Bullish divergence on RSI
As per derivative structure, the unwinding in 17000PE and addition in 17000CE indicates the pause towards 17,000-17,030 on an intraday basis.
On the 5mins chart of Nifty, the bullish harami candlestick pattern signals an intraday reversal.
The bears may attack only on the breach of day low 16,825.
The rising India VIX suggests a volatile day. A quick in and out trading is advisable.
(CMP-16,900)
What are your thoughts on 16950CE?
👍🏻 Bullish
👎🏻 Bearish
The gap-down opening right at the support indicates the make-or-break expiry.
The bears are yet to capitalize on the bearish opening and losing momentum.
Technically. the index is trending at the confluence of the support area.
1. Horizontal Trendlines
2. Resistance turns Support
3. Bullish divergence on RSI
As per derivative structure, the unwinding in 17000PE and addition in 17000CE indicates the pause towards 17,000-17,030 on an intraday basis.
On the 5mins chart of Nifty, the bullish harami candlestick pattern signals an intraday reversal.
The bears may attack only on the breach of day low 16,825.
The rising India VIX suggests a volatile day. A quick in and out trading is advisable.
(CMP-16,900)
What are your thoughts on 16950CE?
👍🏻 Bullish
👎🏻 Bearish
👍77👎24👏2
Fast Profits Daily
The bulls protecting the 17,000 marks on Nifty; end at 17,007. The heavyweight’s Reliance Industries, TCS and Infy came as the savior for bulls. BankNifty fell for a straight fifth day; the 37,800 will be do-or-die for bulls. The 17000PE witnessed unwinding…
Look at the BankNifty low today 🐎
👍22👏1
Fast Profits Daily
Nifty - Hang in there The gap-down opening right at the support indicates the make-or-break expiry. The bears are yet to capitalize on the bearish opening and losing momentum. Technically. the index is trending at the confluence of the support area. 1.…
Nifty 16950CE from 75 to 110 📈
👏16👍4
Fast Profits Daily
Nifty - Hang in there The gap-down opening right at the support indicates the make-or-break expiry. The bears are yet to capitalize on the bearish opening and losing momentum. Technically. the index is trending at the confluence of the support area. 1.…
Nifty entering the resistance zone....Intraday traders should look to book profits of 100+pts
👍20
Index slips over 4% in the last 5 trading sessions; ends September series at 16,868 on Nifty losing 3.78%.
The mayhem prolongs on D-street as the rise is sold aggressively by traders; the surpass of the resistance zone at 17,129-17,190 will be the key for the bulls to come back in the game.
The resistance turns support in the range of 16,680-16,775 will be the space for bulls to protect the medium-term trend.
As we step into the October series, the IT and Pharma sector can be the Sector of the Month.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The mayhem prolongs on D-street as the rise is sold aggressively by traders; the surpass of the resistance zone at 17,129-17,190 will be the key for the bulls to come back in the game.
The resistance turns support in the range of 16,680-16,775 will be the space for bulls to protect the medium-term trend.
As we step into the October series, the IT and Pharma sector can be the Sector of the Month.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍27❤1
Daily Pre-Market Analysis - 29th September |The Bottom Fishing | Two Sectors to Buy in October |
SGX Nifty Live @ 17,060
Have a Profitable Day!
#PreMarketAnalysis #KeepItSimple
https://youtu.be/fm-H4Ev8CPU
SGX Nifty Live @ 17,060
Have a Profitable Day!
#PreMarketAnalysis #KeepItSimple
https://youtu.be/fm-H4Ev8CPU
YouTube
Daily Pre-Market Analysis - 29th September |The Bottom Fishing | Two Sectors to Buy in October |
Alert: Discover Top 3 Stock Picks for 2023…- http://www.eqtm.in/i3FDd
SGX Nifty Live @ 17,060
Watch out for:
1. Nifty - Trending between the canal
2. Bank Nifty - The Breakdown
3. Two Sectors to buy in October
4. Midcap Index - The Broader View
Have…
SGX Nifty Live @ 17,060
Watch out for:
1. Nifty - Trending between the canal
2. Bank Nifty - The Breakdown
3. Two Sectors to buy in October
4. Midcap Index - The Broader View
Have…
👍13❤1
Nifty - The Expiry Trade
SGX Nifty indicated a positive opening above 17,050 but the bears have a different game plan.
After opening around 17,000, bulls failed to surpass yesterday’s high of 17,037 till 9:55 am.
The Dow Theory
The lower high – lower low structure is bearish as per Dow Theory.
The Expiry Trade:
The chart indicates the support zone of 16,950-16,890 while the resistance is placed at 17,100-17,140 as discussed in the Daily Pre-Market Video.
The momentum indicator Stochastic has turned bullish on 15mins chart, but the bears are ready and loaded to grab an opportunity at higher levels.
An OI structure signals the zone of 16,900-17,100 as 16900PE and 17000PE witnessed an addition to the tune of ~70K and 76K contracts respectively. On the higher side, the 17,100CE added 91K contracts in the first 30mins of the day.
It seems to be Option writers day. With the higher IVs and premium, Short-Strangle or Short Straddle strategy best suits such a scenario.
(CMP-16,995)
#Nifty
#KeepItSimple
SGX Nifty indicated a positive opening above 17,050 but the bears have a different game plan.
After opening around 17,000, bulls failed to surpass yesterday’s high of 17,037 till 9:55 am.
The Dow Theory
The lower high – lower low structure is bearish as per Dow Theory.
The Expiry Trade:
The chart indicates the support zone of 16,950-16,890 while the resistance is placed at 17,100-17,140 as discussed in the Daily Pre-Market Video.
The momentum indicator Stochastic has turned bullish on 15mins chart, but the bears are ready and loaded to grab an opportunity at higher levels.
An OI structure signals the zone of 16,900-17,100 as 16900PE and 17000PE witnessed an addition to the tune of ~70K and 76K contracts respectively. On the higher side, the 17,100CE added 91K contracts in the first 30mins of the day.
It seems to be Option writers day. With the higher IVs and premium, Short-Strangle or Short Straddle strategy best suits such a scenario.
(CMP-16,995)
#Nifty
#KeepItSimple
👍16
Fast Profits Daily
Nifty - The Expiry Trade SGX Nifty indicated a positive opening above 17,050 but the bears have a different game plan. After opening around 17,000, bulls failed to surpass yesterday’s high of 17,037 till 9:55 am. The Dow Theory The lower high – lower low…
The structure of Lower High - Lower Low continues...Bulls in danger.
What is your view for October Series?
👍🏻 Buying
👎🏻 Selling
❤️ Just watching and Praying for Good Diwali
What is your view for October Series?
👍🏻 Buying
👎🏻 Selling
❤️ Just watching and Praying for Good Diwali
👍95👎64❤37
The bears ruling on the F&O expiry day; Nifty ends at 16,818 losing 4% in the September series.
As highlighted in today’s Daily Pre-Market Analysis, the bears will be grabbing the opportunity, it was all bears.
Even after the recovery in Dow Jones yesterday, the Nifty ended the day at lows, but I believe we may have a bounce from the support area of 16,600-16,700 zone.
The horizontal trendline support and the probable reversal zone of the bullish harmonic pattern are in the range of 16,600-16,700 signaling a profit booking area for bears.
Since 2001, October is the month of bulls as the Nifty has an average gain of 1.26% as per Seasonality Analysis.
Brijesh Bhatia
Research Analyst, Fast Profit Report
As highlighted in today’s Daily Pre-Market Analysis, the bears will be grabbing the opportunity, it was all bears.
Even after the recovery in Dow Jones yesterday, the Nifty ended the day at lows, but I believe we may have a bounce from the support area of 16,600-16,700 zone.
The horizontal trendline support and the probable reversal zone of the bullish harmonic pattern are in the range of 16,600-16,700 signaling a profit booking area for bears.
Since 2001, October is the month of bulls as the Nifty has an average gain of 1.26% as per Seasonality Analysis.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍15❤2