Nifty | BankNifty | FinNifty context with levels on chart.

Recap – Today market opened flat and shown a sharp fall which gave a sense of more downfall coming. All three indices took a support at major levels and reversed followed by a good upside rally in last one hour. Market Context for  Tomorrow –  Market is giving downside move on one day and upside move on another day. It makes difficult to make positional trades but intraday wise it is good and expecting same for this week. Again a big gap up can give us a good short trades and flat to small gap down can give long trade given it sustains at support level. We have to be ready with our plan for both the sides. Nifty50 – Nifty has hit all targets on both side but yes only upside move was giving favourable trades. A gap up of 40-50 points may again cause Nifty to face resistance at higher levels and we might see some downside move. Keep targets near 18790, 18750.   A flat opening near the zone which we are using this week can give us a long trade and this time Nifty should make

  Recap – Today from first minute market was in bearish grip and we saw some good moves. It is more of a profit booking at higher levels. The zones given yesterday worked really well in all three indices. Yesterday I had mentioned that be cautious on upside direction as we can see some retracement. Market Context for Tomorrow –  Again OI data has changed totally and it looks bearish. PCR is near 0.7 in all three indices and VIX has also increased today which somewhere suggests that context for coming days can be bearish. Sell on rise will give us favourable trades.   Nifty50 – Nifty has again opened near all-time high but fail to sustain and we saw a sharp fall today. The flip zone (18780-18790) worked perfectly and keeping it as it is for tomorrow as well. If market opens near this zone and we get any bearish signal, it can give us a good short trade. Targets will be 18720, 18685. Plan for long trade above this zone only when Nifty sustains for more than half an hour at

  Recap – View of sideways to bearish went wrong. But it was mentioned that after a certain level in both indices we can plan for some bullish trade. In second half, market gave a good bullish move. Nifty missed its all-time high by 25 points. Market Context for Tomorrow –  OI (Open interest) is indicating that market has potential to go upside and make new highs. Ride with the trend but be cautious and I will recommend to trade with less quantity on upside direction as we can see a retracement or consolidation here. Market stays calm in first half and give surprise moves in second half so expecting same behaviour this week as well. Nifty50 – Nifty tried touching its all-time high but missed by just 25 points. It gave a good move after sustaining above 18720. 18780-18790(10 points) can act as a good flip zone. If it opens near this zone, wait for some price action to form (at least 3o minutes) and then we can trade accordingly. Above this zone, again targets will be PDH

  Recap - Market opened gap up and from first minute we saw selling pressure in both the indices. Nifty even tried to breakout its opening level but failed which can be called as a fakeout. BankNifty went down quickly and gave a good downside move below PDH which we were expecting and was favourable for short trades. Market Context for Tomorrow –  Market can continue this fall as it has broken some major levels especially in BankNifty. We can sell on every rise. My view is sideways to bearish. Nifty50 – Nifty has closed below Wednesday’s lows. Expect more fall now in coming days. We can wait for some rise and then plan for a short trade. If it opens near 18720 which was mentioned yesterday as well, then we can plan for a short trade. If it opens gap down or near PDL, we should be ready for a short trade at any small pullback. Targets will be 18630, 18570. We will only plan for long trades if Nifty sustains above 18720 at least for one hour. Chart for reference-  

  Recap - Today market opened gap up but not able to sustain and then we saw a quick down move followed by a sideways day in BankNifty and a up move in Nifty. Nifty is trying harder to reach its all-time high but not getting enough support from BankNifty. As there is no sync in both the indices, most of the time market remains sideways and volatile.   Market Context for Tomorrow -  Nifty is looking quite bullish and expecting it to continue upside slowly. BankNifty might join the upside move from tomorrow. One of the factor for its indecisive move is USA’s fed meeting outcome which is going to be announced today. Expecting a sideways to bullish day tomorrow. Nifty50 – The flip zone mentioned yesterday worked really well. Nifty took support exactly at those levels (18680-18690) and then we saw a good upmove breaking the opening range high. Target of 18720 and 18760 achieved. Tomorrow if market opens gap up, it should sustain above PDH. Then we can plan for long trades with

  Recap - Market opened slightly gap up and again major movement came in first half hour and then remained sideways with a surprising up move in last half hour. Nifty has shown more strength compared to BankNifty in today’s session. Market Context for Tomorrow -  Okay so PCR (Put/call ratio) is again above 1 which shows that market is trying to move upwards after a consolidation phase. Not totally convinced with the last hour move, still Nifty can make a new all-time high soon. Both indices are not in sync hence possibility of one side trend is low. Expecting a sideways day tomorrow as well. Nifty50 – Today our both target in Nifty has been achieved on upside. If Nifty opens flat around day high then wait for it to cross PDH and then we can take a long trade with targets of 18770, 18800. 18680-18690 can act as a flip zone for Nifty. If it opens near these levels, wait for half hour and observe price action. If it sustains above this zone, again we can go long up to PDH, e