Nifty | BankNifty | FinNifty context with levels on chart.

  Recap – A good one sided bullish day. The beauty about this trading day is that all three indices crossed the resistance mentioned in yesterday’s blog and made a support there and then gave an upside move. Market gave a good opportunity to enter with small risk and huge upside reward. All targets were hit today.   Market Context for Tomorrow –  A much awaited move in indices and we got it today. Expecting a sideways to bullish day for tomorrow. As day after tomorrow is a trading holiday so expiry day for Nifty and BankNifty will be tomorrow. We can again see a one sided action especially in Nifty. Nifty50 – Again Nifty is near its all-time high which is giving a hope that this time it should cross it. If it opens a gap up, don’t chase it as it might kill the bullish momentum and some sell off can come. 18000- 18830 will be a good zone for tomorrow. If it starts trading in this zone and then give an upside move, it will be a good entry with upside targets of 18860, 189

  Recap – Today all three indices have made an inside candle on daily basis or we can say that range is more compressed now. Levels given for today has worked beautifully in all three indices. It was clearly mentioned in yesterday’s blog that this is sell on rise market and we have seen today as well that at a particular resistance level market has shown some sell off again.   Market Context for Tomorrow –  After a sideways day and some range compression, now I am expecting some moves in the indices. Flip zones/levels in all three indices should be kept on watch for tomorrow as well and above that we might see a good trending day. Keeping rest of the levels also as it is on chart for tomorrow. Nifty50 – If Nifty sustains above the flip zone (18700-18720), good move is expected with targets on upside at 18800, 18850. If again Nifty faces resistance at this level and some bearish price action is seen, sell on rise will again work. Downside targets will be 18650, 18600.

  Recap – The last week was really an indecisive as moves were big on both sides. This made difficult for positional traders in options to stick with their overall context and make overnight positions. Although intraday wise, it was better as we got better trades at mentioned levels.   Nifty has tried multiple times to make a new high but it missed and we saw some good sell off at higher levels. FinNifty has made its new all time high and BankNifty was more of in a range with good downside moves.  Market Context for Tomorrow –  We are witnessing a sell on rise market. Try to initiate trades at major levels only after some conclusive price action. The spikes in market can very well hunt our SL (stop loss) hence we need to make sure that R: R is favourable most of the times. Looking at data OI (Open interest) and PCR (Put call ratio) is negative in all major indices and we might see more consolidation. Avoid taking bullish trades with heavy quantities until indices are crossing

  Recap – What a roller-coaster today. Market has given good sharp moves on both sides which has definitely put us in confusion regarding the direction. Days like today will hunt many SLs and it’s better to not overtrade.     Market Context for Tomorrow –  Nowadays we have to be flexible with our views and trade what we see instead of what we have planned before. The OI data, VIX changes rapidly and we are witnessing the sharp reversals on all indices. Keeping view sideways to bearish for tomorrow. Trade only at major support/resistance levels so that market gives better    R: R trades.   Nifty50 – Today Nifty gave a perception that all time high will be broken but again it turned out to be a sell on rise scenario. Levels has worked quite perfectly on both sides with all targets achieved. Keeping all levels as it is on chart as it has worked beautifully. If Nifty sustains above 18790, then only plan for a long trade with targets of 18840, 18880. Keep quantity size les

  Recap – Today market opened with few points gap up and then tried consolidating at those levels for whole day. Overall day was flat but gave a good long trade opportunity after it took support at crucial levels.   Market Context for Tomorrow –  Overall context for tomorrow is that market should be sideways to bullish. Expecting Nifty to finally break its all-time high which is just few points away. Tomorrow is expiry day and if the resistance at higher levels for indices are broken we can see a good rally tomorrow on upside.   Nifty50 – Yesterday it was mentioned that a gap up can again show some sell off up to 18790 and again shown some support here with good upside move. Again it has missed its high by just 15 points. Nifty is facing resistance near its all-time high levels and it needs to be broken with a good strong bullish candle. If market opens flat (near 18840) or start trading above 18900 at least for thirty minutes, we should plan for long trades on upside