Nifty | BankNifty | FinNifty context with levels on chart.

Recap – Market started the week on a positive note. Market has shown good strength after two days closing in negative. Today Nifty gave a good rally of 150+ and both the targets were achieved given yesterday. BankNifty was lagging and managed to closed on positive side. Market Context for Tomorrow –  Stay with the positive trend. Nifty is moving nicely and its more tradeable compared to BankNifty or FinNifty. Market should continue the upside rally and expecting tomorrow to be sideways to bullish. Keep watch on FinNifty as tomorrow is expiry day for FinNifty and it gives good moves on expiry day which an option buyer can trade comfortably.   Nifty50 – Nifty gave a good move from 19620 which I mentioned yesterday and easily captured 60+ points in options. If Nifty opens gap up, then we need to wait for it to settle near 19760-19780 zone before planning for long trade. At these levels we will get good long trades with target upto 19860, 19900. If Nifty opens gap down, th

  Market Context for current week and Tomorrow –  VIX is at all-time low indicating that market can remain silent. Consolidation is expected at these levels in indices. The major trend is still bullish and currently we are witnessing some correction, hence don’t short blindly at each and every levels. Weekly closing candles has not broken the previous week low in all indices, so stay with the trend positionally. For an intraday trader, scalping is better as we are getting moves on both sides or trail your stop losses if trying to catch a trend.   Nifty50 – Weekly range -> 19400- 19990 If market opens flat and we get Nifty at the range of 19620-19650, going long will be better after looking at price action. Targets will be 19700, 19760. Plan for short trade if we open gap up and see sell off from higher levels.   Also below PDL/PWL, we can go for short trade with targets up to 19500, 19460. Chart for reference-     BankNifty- Weekly range -> 44750-46000 B

  Recap – A slow sideways to bullish day. Today Nifty has touched 19500 which is remarkable. In Nifty, view worked perfectly to be bullish above 19400. The move was slow but managed to capture few points in intraday. BankNifty was choppy and mentioned it yesterday that trade only at good levels. Although I was expecting some downfall in BankNifty but didn’t happen, hence wait game will continue.  Market Context for Tomorrow –  In this kind of market where we are expecting market to give some correction but it has not started yet, it’s better to trade what you see and only at good/major levels. Major trend is bullish and ride the trend till it continues. Watch your quantities and stay cautious. Nifty50 – From 19400, expected Nifty to stay bullish and we got 100 points upside slowly and convincingly. For tomorrow, keeping a flip zone of 19440-19470(30 points). If Nifty opens gap up or flat, let it settle around this zone and take support then only plan for bullish trades. T

  Recap – A sideways day with most of the time market has spent near zones which were mentioned in yesterday’s blog. It’s more of a consolidation after a long rally. Indices were not in sync as BankNifty was showing negative stance while Nifty was holding it with a quite positive stance. Market Context for Tomorrow –  Nifty and Bank Nifty has again made a doji candle and also it’s an inside bar which somewhere indicates about a reversal or a retracement in a market. The major trend which we see on monthly or weekly chart is still bullish but as an intraday trader we need to be prepared for a bearish day and it will give us a good points. Also tomorrow is an expiry day where we might get some good moves especially on downside. Overall view is sideways and will only trade at extreme ends i.e. PDH and PDL. Indices needs to be in sync then only we can see some trend forming. Nifty50 – Nifty was hovering around flip zone for most of the time today. Keeping all level as it is f

  Recap – Today was a good swing day with moves on both sides. Levels given yesterday has worked beautifully in all indices. Nifty and BankNifty exactly took support at the level mentioned in yesterday’s blog from where we were supposed to take long trades. FinNifty although took reversal from a bit above levels but it was evident once it crossed its today’s high and we saw a sharp move. Market Context for Tomorrow –  View for tomorrow is again sideways and trade at drawn levels. If after any gap up we see a rejection, short trade can give quick money. If it sustains gap up, then wait for opening fifteen-minute candle range to break before taking any long trade. Again repeating, on long side stay alert because a sharp selloff can come anytime. Also at same time,  stay with the trend which is bullish, but don’t blindly jump into taking trades. Nifty50 – Yesterday our focus was on 19300. And it has worked perfectly. After a quick sell off in first 30-45 minutes, Nifty took su

  Recap – After a long rally market needs to take some rest and consolidate. The exact same thing occurred today. Market opened gap up and gave move in first one hour after that it was just a sideways day. It’s tricky to trade on long side as risk reward is not favourable after a gap up.   Market Context for Tomorrow –  Expect a sideways day tomorrow as well unless we break the previous day lows in indices. The playground on upside is open as we are already making new all-time highs but we cannot simply jump on long side as risk is higher on upside given that market is moving in gaps and already we have witnessed a good rally in past weeks. It has to give some pullback and definitely it will come in this week where we can see some gap filling. Till then it’s better to just observe the market rather than taking random trades. Nifty50 – Keeping it short and simple for tomorrow. 19300 is the level to watch. If Nifty is taking support near this level (at least wait for thir