Nifty | BankNifty | FinNifty context with levels on chart.

  Market Context for Tomorrow –  Market consolidated on last Friday and made an inside candle on daily timeframe which suggest that beyond this range we can expect a good move. If we see broader picture of  market should consolidate more in this range on weekly timeframe before giving a one side moves. VIX has again fallen down so not expecting big moves atleast on Monday. For tomorrow, view is sideways to bullish.   Nifty50 – Keeping it very simple as we got a narrow range in Nifty. We should plan to take a trade only above PDH and below PDL. If Nifty opens gapup and sustains near PDH (19530-19550), we can take a long trade. Targets will be 19600, 19680. Below 19460-19430 or PDL, we can plan for short trade with targets of 19350, 19300. Chart for reference-     BankNifty- In BankNifty, if it opens flat or gap up, let is sustain above 45000, then we can plan for long trades. Target will be up to 45350. Below 44770-44800, we can plan for short trades. Targets wil

  Recap – So bearishness in market continued today as well. Sell on rise has worked well. Actually market gave only one perfect entry in morning after some consolidation/rise and then it was favourable to trade in both Nifty and BankNifty. It was clearly mentioned that we will be only bullish after a certain level where market has not touched today. Market Context for Tomorrow –  Now we have got two back to back trending days on downside expecting it to consolidate and give some pullback. View is still sell on rise but go with less quantity as it can be volatile now. Nifty50 – If Nifty opens flat to gap up, wait for some bearish price action and then go for short trades. If opens gap down, we need to wait for some pullback till 19400 and then plan for trading in downside. Targets will be upto PDL. Again if PDL is broken, Nifty should travel upto 19200 where a gap is pending to be filled. We will be only bullish if PDH is broken and Nifty sustains above 19560. Chart for

Recap – Today’s market has shown some good amount of sell off. My bias for today was sideways to bullish but market went totally opposite but I managed to ride it as I always mention that below a particular level we can go for short trades. Hence be prepared with your levels for both sides. The levels for short given in all three indices has worked pretty well. Market Context for Tomorrow –  Always be prepared for both side moves with proper levels. This makes our work easy during live hours of market. For tomorrow my view is to work on sell on rise till a particular level which I mention separately in indices below. Also GiftNifty trading in negative at the time I am writing this blog indicating we can open gap down and then at every rise we can plan for sell. Nifty50 – For tomorrow, we will be only bullish if Nifty sustains above 19620. Otherwise we can again see sell on rise till this level is not broken on upside. If market opens flat and we see Nifty showing weakness/b

Nifty, BankNifty and CNXFinance (FinNifty) Context with levels for 2 nd August 2023 Recap – Today market went bearish to sideways contrary to my biasedness for bullish side. It moved in a narrow range with Nifty trading in 100 points range, BankNifty in 300 points range and FinNifty in 120 points. Personally didn’t take any trade as R: R was not good according to me. It was more of a scalp and run day. Market Context for Tomorrow –  For tomorrow again my view is bullish to sideways. As of now, sell off in market is not that strong also VIX is not increasing with any sell off indicating that market will consolidate and then move upside. Today’s narrow range can give a good opportunity for tomorrow to trade above PDH and below PDL for a clean trade. Keeping all level as it is for tomorrow as well. Nifty50 – 19760-19780 is important zone for now. If Nifty sustain above it at least for thirty minutes, then we can plan for long trade. Targets will be 19860,19900. Sell on rise

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