Nifty

11 posts

NIFTY for Monthly Expiry October

NIFTY and BANKNIFTY for October Expiry

Nifty and Banknifty gave a sharp move downside yesterday. Nifty couldn’t find clear support which seems that the bearishness may continue today and the same will be reflected in BankNifty. Nifty broke yesterday’s support of triangle formation, and also a bigger triangle formation is seen now. As per the charts, it is bearish and with a bearish point of view, I have made the targets which could be hit today. Downside targets can be 11500 and upside targets could be 11900. Option chain suggests that 11800 is strong resistance and 11700 is strong support. Comparative writings on both of these […]

NIFTY for 28 Oct 2020

NIFTY and BANKNIFTY for 28 Oct 2020

NIFTY and BANKNIFTY moved positively yesterday with a 1% gain in Nifty and 2.88% in BankNifty. For me, it seems there could be a formation of a triangle, The positive momentum may continue for the first hour and then again a downward momentum may begin. If Nifty crosses 11900 then 12000 is the target which it will try to achieve. 11800 is good support now according to option chain. Chart Suggests that if 11900 isn’t broken then 11800 can be the target as per the shape formation. Banknifty seems bullish than Nifty when compared now. It reached the resistance and […]

NIFTY for 27 Oct 2020

NIFTY and BANKNIFTY for 27 Oct 2020

NIftand Banknifty gave a good move yesterday after breaking out the triangle. It is possible that nifty can open with a gap up or gap down. It’s much possible that yesterday’s low will break. The option writing is heavy on 11900 and 11800 being a zone to decide. Support is seen on 11700 but the writing isn’t seen so much support. As per the chart, Nifty is having a down channel in as seen in 15 mins chart. Levels as well are drawn for easy trading. BankNifty is having a similar move as Nifty and is running in a downward […]

BANKNIFTY for 26 Oct 2020

NIFTY and BANKNIFTY for 26 Oct 2020

Nifty and BankNifty traded in a narrow range on Friday. Nifty seems to be forming a triangle in 15 Mins time frame. The breakout for upside can be above 11950 and for downside can be 11920. Option chain suggests that 12000 is a High Resistance zone, which if it breakouts, it can easily for more 150/200 Points. And the supports seem to be at 11900/11800. RSI seems to be bullish on 1HR as neutral on 15 Mins time frame. There is a bearish MACD divergence in 1 Hr time frame while consolidation seems to be almost in the end and […]

BANKNIFTY for 23 Oct 2020

Nifty and BankNifty for 23 Oct 2020

Nifty and BankNifty expired in a range and was a very volatile move. Nifty RSI is 52 and MACD is Buy in 15 Mins Time Frame While in 1 Hr RSI is 50.3 and Sell Signal in MACD. The range is large. Option chain suggests resistances are 11900 and 12000 and Good Support at 11800. The Trendlines in Nifty Chart suggests that the range is too large for any breakout. Bank Nifty option chain suggests good support at 24000 and resistances ar 24500 and 24600. Today’s close will generate a weekly candle. The next expiry is monthly expiry, so I […]

Nifty for 22 Oct 2020

Nifty and BankNifty for Weekly Expiry 22 Oct 2020

Nifty and Banknifty gave a large move yesterday. Nifty made a low of 11776 and recovered almost 180 points. Being an expiry day today it can be very much volatile moves. Here are the trendlines and support and resistance for today in Nifty. Option chain suggests that a good resistance is at 12000 if Nifty opens flat or above 11900 and good support is at 11800. It seems that Nifty will be mostly in a range for today between 11897 and 11956. Breakout of this range would be suggesting that the Nifty will expire on that side. BankNifty option chain […]

NIFTY for 21 Oct 2020

Nifty and BankNifty for 21 Oct 2020

Nifty had a volatile move yesterday with upside in the first session and downside in the second session. It now seems to have a range-bound move for consolidation. The resistance is 11944 and support is 11895. Breaking any of the resistance or support can give a good move towards that side. Here is 1HR chart for Nifty with its trendlines and resistances and support. Option chain suggests that the Resistance is at 11900 and support at 11800 for Nifty Bank Nifty also had a similar move like nifty and seems to be forming a range for weekly expiry. Here is […]

Nifty for 20 Oct 2020

Nifty and BankNifty for 20 Oct 2020

Yesterday we have seen that Nifty opened gap up on buying levels and the whole day it was trading in a range and Bank nifty gave a good move upside. The overall market seems bullish and seems to continue today also if the range of Nifty break on upside. Below is the trendlines chart for Nifty and BankNifty in15Mins timeframe. Nifty is having a support trend line and is forming a triangle in the range. Bullish breakout will easily put Nifty into breaking small resistances and it can easily go for 12020. The support can be the trend line which […]

Nifty 50 for 19th Oct

Nifty 50 Chart for 19th October 2020

Nifty stayed in a range on Friday and seems to give a good move till 11800 on Monday. 11834 and 11850 seem to be resistance for a long up move. RSI is at 47 and MACD is buy-in negative histogram. Lower side it can go to 11700 and 11650 which are good support zones. FII’s seems to be holding a good quantity. Seems to be bullish, but if they exit longs then the market could go to support levels.

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NIFTY opening with minus

Nifty is opening with minus 1 % at around 11330. The market is having a blood bath in March 2020. Seems there is no buyer at all and market if free falling. Many stocks in Red and few stocks in the green. Nifty could rest here for some time.