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17 October , 2022

NIFTY- Possible trade for 17-10-2022

 

The market seems range bound in the morning between 17200-17100. A break of the range in either direction could give a move of around 150 points in the direction the range is broken. On the upside the targets can be 17280/17350. On the downside the targets can be 17072/17020/16980. If the market remain range bound for most part of the day, we can expect sharp moves in the direction of the range the price has been testing.

 

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY1!/SZsqdHHA-NIFTY-Possible-trade-for-17-10-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

10th October 2022

 

 

NIFTY- POSSIBLE TRADE -10-10-2022

 

With the benchmark index having gapped down almost 1.3 percent, the tone for the day seem to be set. The first trades in the index suggest the selling pressure is likely to continue and market may look for any positive cues from Europe opening. As of now the index seem to be headed to breach 17000 and may test 16986/16972. If buying comes in at those levels it is possible for the index to close above 17100. If buying support do not emerge at the levels mentioned, index may test 16870-16880 levels.

 

 

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY1!/q3as2tDl-NIFTY-POSSIBLE-TRADE-10-10-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

 

22 September, 2022

NIFTY- Expiry trade – 22-09-2022

After the Fed meeting and decision to increase rates, the US markets witnessed volatility. Indian indices opened lower but staged a recovery in the initial 30  minutes. However strong buying support is likely to come in near 17500-17400 zones only and it may be worthwhile to take a  short side trade near to 17720-17760 keeping a stop loss of 17830 and looking for targets of 17630/17580/17510/17480

 

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY1!/cTuuNKGO-NIFTY-Expiry-Day-Trade-22-09-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

 

16 September, 2022

NIFTY- Possible Trade for 16-09-2022

 

Recent price action suggests that the market seem to have lost the steam to go higher. We could see some more profit booking unless fresh buying comes in at these levels. With the next FOMC meeting around the corner, we can expect more volatility. The upside potential looks limited unless the market settles above 18000 and starts testing the recent highs. On the downside we can see buying support coming in near 17700-17600 zones. Only if these levels are breached decisively we can expect sustained downward move.

 

Important Levels for the day are given below

Bullish Above 17960

Upside targets  -18060/18130/18180/18260

 

Bearish below 17920

Downside targets - 17860/17820/17760/17700

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY1!/MucCzMCz-NIFTY-Possible-Trade-for-16-09-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

12 September, 2022

NIFTY- Possible Trade for 12-09-2022

From the start of the September series , i.e., from July onwards the index has run up over 2500 points. The index saw signs of weakness near 18000-18100 zone and for the last four weeks has been consolidating in a range of 870 points. There is significant buying interest near to 17500-17600 zone, but at higher levels the buying interest is yet to emerge.  SGX NIFTY indicates a flat opening with a mild negative bias. If the index fails to take out and sustain the highs made on friday, we may see the index testing the strength of those who built long positions near 17700-176000 range. For the day and the weekly expiry the important levels are given below

 

Bullish Above 17980

Possible Upside targets 18065/18166/18210/18250

Bearish Below 17840

Possible Downside targets 17760/17630/17580/17560/17540/17460

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/sseY1uCt-NIFTY-Possible-Trade-for-12-09-2022/

 

Disclaimer

The analysis provided here is only for educational purposes. The author(s) do not assume any responsibility for the trades taken based on this analysis. Consult your financial advisor before initiating any trades. Trade Responsibly. Over trading and trades with out proper setups and risk management can wipe out your hard earned money.

September 02, 2022

NIFTY - Possible Trade for Today- 02-09-2022

 

After a volatile expiry, the index is likely to remain sideways today unless the range established is broken on either side. With the Dow rallying almost 450 points from intraday low yesterday, there can be some positive handover for NIFTY from the mother market. SGX NIFTY also indicates a flat start with a mild positive bias. We hold the view that the market is poised for a strong and one sided move once the current range of 17480-17680 is broken.

 

Important levels for the day and next weekly expiry are given below

 

Bullish Above 17680

Possible Upside targets - 17730/17780/17860/17900/17980/18060

Bearish Below 17460

Possible downside targets- 17400/17320/17260/17140/17000/16920

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY1!/xCQRma4a-NIFTY-Possible-Trade-for-Today-02-09-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

25 August

NIFTY- POSSIBLE TRADE FOR 25-08-2022

The index has found support near 17300 and there seem to be a hesitation from the market participants to take the index above 17800 in the short term. We expect a decisive move giving directional clarity only if the index manages to close above 17860 or below 17440. Today being expiry, the index can remain range bound. Trading at the boundaries, expecting mean reversion can prove beneficial till the time the range is not broken decisively.

 

Important levels for the expiry are given below.

Bullish Above 17560

Possible Upside targets 17680/17712/17760

Bearish Below 17760

Possible Downside targets 17680/17620/17560/17513

You can track the progress of this study by clicking on the link below

 

https://in.tradingview.com/chart/NIFTY/BrT8ATvK-NIFTY-Possible-Trade-for-25-08-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 22, 2022

NIFTY- Possible Trade for 22-08-2022

With the price action of last Friday session, it looks like the market is prepared to take a halt near to 17860 levels before resuming its upwards journey. The index did see some profit booking and it was consistent throughout the day. The baby bulls who joined the rally late are unlikely to find green pastures at least for this series. We hold the view that the index likely to remain with in a range of 17860 -17560. Trading near these boundaries expecting a reversal can prove to be beneficial. On the lower level index may take support near 17300 -17400 zone.

 

Important levels to watch out for the series and expiry are given below

Bullish Above 17860

Possible Upside targets - 17960/18000/18080/18160

Bearish Below 17840

Possible Downside targets - 17760/17685/17630/17560

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/5DemZUd0-NIFTY-Possible-Trade-for-22-08-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 17, 2022

NIFTY - Possible Trade for Today- 17-08-2022

With the markets refusing to deviate from their upmove, it will be interesting to see the price movement for today and tomorrow. Since we have the weekly expiry tomorrow, market may want to test the strength of those who became bullish very recently and may test 17700-17600 zone. On the upside we can see the market to test the psychological resistance of 18000 if prices sustain above 17860 . On the options front 17800 has the highest call writing and 17700 has the highest put writing. If the market starts trading below 17800, it can test 17730/17700. Only a break below 17700 can scare the baby bulls.

 

Important level to watch out for today and for weekly expiry

Bullish Above 17860

Possible Upside targets  -17920/17960/18000

Bearish Below 17810

Possible Downside targets - 17760/17730/17680/17620

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/UiRNmT5e-NIFTY-Possible-Trade-for-Today-17-08-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 16, 2022

NIFTY- POSSIBLE TRADE FOR 16-08-2022

 

The index has been making consistent upmoves and we could see that each dip is being bought. However the move from 17500 upwards seem to lack buyer participation and since the index is approaching a trend line resistance near 17780-17860 zone we can expect some profit booking or even possible fresh shorts getting added at those levels. As of now there is no indication of a major move in either direction. Important levels for the day and weekly expiry are given below.

Bullish Above 17670

Possible Upside targets - 17760/17780/17840

Bearish Below 17640

Possible Downside targets - 17600/17540/17500/17480

Note: One may look at entering the market with a short bias once market hits the upper targets if price action confirm the short bias

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/7KRNJcAP-NIFTY-Possible-Trade-for-16-08-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 11,2022

 

NIFTY- Possible Trade for 11-08-2022

With the bears failing to bring down the upmove in indices, which started in June we could see massive short covering. The only thing that can arrest the current momentum is profit booking and it looks likely to happen near to 17760-17860 levels. Once the index reaches those levels we may get to see signs of further market direction. With gap between bond and earnings yield rising, the market may see some corrective movement. Today being weekly expiry brace for some volatility. If the index gaps up above 17700 and rallies closer to 17760-17800 in the first half, we may see some profit booking by put writers at 17600/17700/17800 strikes. The late entrants into those strikes will be forced to cover if the market comes down owing to profit booking. On the other hand in the unlikely scenario of a flat opening and a dip in the first half, we may see the market rallying sharply to catch up with the gains made yesterday by rest of the global markets.

 

Important levels for the day

Bullish above 17600

Possible Upside targets - 17680/17720/17760/17800

Bearish below 17520

Possible Downside targets - 17460/17420/17380

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/JchuqaA1-NIFTY-Possible-Trade-for-11-08-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 08, 2022

NIFTY Possible Trade for 08-08-2022

 

After making significant move from the low made in June, the market has rallied more than 2000 points. However the previous week, the index moved in a relatively limited range of 300 points. 17500 on the upside looks like an immediate resistance and 17200 on the downside seem to be the support. The current week being a truncated trading week, we can anticipate the market to remain sideways , and testing the patience of traders looking for a breakout. However if the breakout indeed comes then it can catapult the market closer to 17700-17800 levels. Important levels for the day and week are given below

 

Bullish above 17480

Possible Upside targets - 17530/17580/16660/17730

Bearish below 17440

Possible Downside targets - 17360/17320/17280/17210

You can check the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/aZZ3tM4G-NIFTY-Possible-Trade-for-08-08-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

August 03, 2022

NIFTY- Possible Trade for 03-08-2022

With the index having run close to 2100 points from the June month low, the index seem to be taking a pause near 16400 levels.  For further upmove the index needs to successfully close above 17400 and if that is achieve the next target can be 17700-17800. However the price action for the day indicated lack of fresh buyer participation near 17400 zone and this could act as a hurdle for the immediate future. Important levels for the series are given below.

 

Bullish Above 17380

Possible Upside targets -17460/17580/17610/17680/17730

Bearish Below 17340

Possible Downside targets - 17280/17212/17180/17120/17070

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/aNvVzXEy-NIFTY-Possible-Trade-for-03-08-2022/

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

July 29, 2022

NIFTY- Possible Trade for Today 29-07-2022

With an amazing expiry that favoured the bulls in big measure the Index is very close to its psychological resistance of 17000. SGX NIFTY indicates a very strong opening for the index and can open comfortably above 17000. Longer time frame chart suggest that the next set of resistance can come in near 17400-17780 zone. For the immediate expiry 17060-17140 could act as a resistance. A break above that can propel the market to 17400 levels. On the downside 16790-16640 can be strong support zone.

 

Important levels for the day are given below.

 

Bullish Above 16970

Upside targets can be 17040/17070/17130

Bearish Below 16940

Downside targets can be 16900/16860/16820

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/X6coQMfL-NIFTY-Possible-Trade-for-Today-29-07-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

27 July, 2022

NIFTY-27-07-2022-Profit Booking to Continue ?

 

As discussed in our study yesterday, the market witnessed further profit booking which forced the index to close below 16500. The next support levels for the index are near 16300/16200 levels. The market can move higher only if the index sustains above 16500 . However given the FnO data and price action we maintain a mild negative bias and expect further profit booking. Given that tomorrow is monthly expiry we may see some sharp moves in the 16500-16200 range. Important levels for the day are given below

 

Bullish Above 16560

Possible Upside targets - 16600/16660/16710

Bearish Below- 16520

Possible Downside targets - 16460/16400/16380/16340/16280

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY1!/WGk0OcUV-NIFTY-27-07-2022-Profit-Booking-to-Continue/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

July 26, 2022

 

NIFTY Possible Trade for 26-07-2022-Profit Booking to Continue?

With the index having run up almost 1550 points from June lows, it is reasonable to expect some profit booking. Given that monthly expiry is in two days we can continue to see profit booking which can drag the index to lower levels. The upside seem to be capped at this stage near 16700. On the downside we could see the index moving to 16500-16380 zones which can act as a major support area for the series.

 

Important levels for the day and expiry are given below.

Bullish Above 16680

Possible Upside targets 16720/16780/16820

Bearish Below 16660

Possible Downside targets 16560/16510/16480/16420/16380/16340

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/F9nKsaHZ-NIFTY-Possible-Trade-for-26-07-2022-Profit-Booking-to-Continue/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades

July 19, 2022

NIFTY - Possible Trade for Today- 19-07-2022

 

NIFTY did manage to successfully close positively in an earlier supply zone. The up move in  price was driven by short covering and not fresh buying. Because of this we can expect some downward movement in the markets today . As mentioned in our study yesterday the index can take support near 16130-16080 zone. We maintain the market can remain sideways between 16100-16300 and a close above 16300 in spot NIFTY can take the index to higher levels.

 

Important levels for the day are given below.

 

Bullish Above 16130

Possible Upside targets - 16180/16230/16280/16310/16330

Bearish Below 16080

Possible Downside targets -16020/15980/15940/15900

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/ZauNJV9v-NIFTY-Possible-Trade-for-Today-19-07-2022/

 

Disclaimer:

 

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

July 18, 2022

NIFTY- Possible Trade for Today -18-06-2022

 

In the week gone by NIFTY has made an inside bar on weekly charts. However the price action for the last five weeks clearly show buying emerging at lower levels and one can see higher lows being registered in the last five weeks. Based on price action in shorter time frame and also after looking at the FnO data we think the market is likely trade sideways within the range of 16330-16100 with an upwards bias. Once the index breaks 16300 decisively it can push to higher targets. On the other hand if 16100 is not defended on a closing basis we could see the market moving downwards.

 

Important levels for the week and day are given below

Bullish Above 16130

Possible Upside targets - 16180/16230/16280/16310/16330

Bearish Below 16080

Possible Downside targets -16020/15980/15940/15900

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/5GdbdJy4-NIFTY-Possible-Trade-for-Today-18-06-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

14 July 2022

NIFTY - Possible Trade for Today- 14-07-2022

               

 

As discussed in our study yesterday, the index was not able to sustain above 16120 and the witnessed a move to lower levels and close below 16000 yesterday. Options OI build up in the weekly expiry suggest 15800 -15700 to be a support area. On the upside move towards 16100 could see fresh shorts getting added. For the day the market can remain range bound and trade between 16100 and 15800. We maintain a mild negative bias and hence any up move towards 16100 levels can be used for building short positions. Shorts will need to be squared off if the market starts trading consistently above 16100.

 

Important levels for the day are given below

Bullish Above 16100

Possible Upside Targets - 16180/16230/16280/16310

Bearish Below 16080

Possible Downside Targets - 16000/15920/15880/15840/15800.

You can track the progress of this study by clicking on the link below.

https://www.tradingview.com/chart/NIFTY/Ktqwzlcv-NIFTY-Possible-Trade-for-Today-14-07-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

July 13, 2022

NIFTY- Possible Trade for Today -13-06-2022

NIFTY could not hold on to the gains made last week and closed below 16100 yesterday. With the CPI data coming in a bit lower than the last period, there can be some sentiment positive in the market. However the fact that the CPI is still above 7 percent is a cause of worry for the markets, especially for the banking space. We may see an opening with a positive bias but need to be cautious about NIFTY if it is not able to sustain 16100 levels which is an important zone from an FnO data perspective. If NIFTY starts trading below 16100, we can see the index moving to lower levels.

 

Important levels for the day are mentioned below

Bullish Above 16120

Possible Upside Targets   -16160/16210/16280

 

Bearish Below 16100

Possible Downside Targets - 16040/16000/15980/15940 levels.

You can track the progress of the study by clicking on the link below.

https://www.tradingview.com/chart/NIFTY/wmWMNOGJ-NIFTY-Possible-Trade-for-Today-13-06-2022/

 

Disclaimer:

The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.

July 11, 2022

NIFTY - Possible Trade for Today- 11-07-2022

With the index having gained almost 3.6 percent last week where almost all dips were used by the participants to add long positions, it is possible for the market to take a breather near 16300 -16200 levels. Last two days price action and FnO data suggest short covering and hence further direction about the market will be decided only after the support levels created during the recent up move gets respected. We expect the market to move higher only after it manages to close above 16300.

 

Important levels for the day and week are given below

 

Bullish Above 16280

Possible Upside targets - 16380/16460/16580/16660

 

Bearish Below 16200

Possible Downside targets - 16120/160080/15960/15910

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/w6pZDCsD-NIFTY-Possible-Trade-for-Today-11-07-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

July 07,2022

NIFTY - Possible Trade for Today- 07-07-2022

NIFTY showed consistent strength throughout yesterday's trading session. 15800-15900 zone is a strong support and as per price action it is possible for NIFTY to see higher levels as long as the support is not breached decisively. Today being expiry, the index could witness volatility and hence it is better to take measured bets and manage position sizing. Chasing a gap up or gap down may not be a good idea given the possibility of sudden reversals. Global futures are trading with a negative bias at the time of writing this study and we may see a reflection of the same at some point of time in the Indian benchmark as well.  Important levels for the day are given below

 

Bullish above 15930

Possible Upside targets - 16030/16080/16120/16180/16210

Bearish Below 15880

Possible Downside targets - 15830/15780/15720

You can track the progress of this study by clicking in the link below.

https://in.tradingview.com/chart/NIFTY/RSjRmPnI-NIFTY-Possible-Trade-for-Today-07-07-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

July 05, 2022

NIFTY - Possible Trade for Today- 05-07-2022

For the last three weeks NIFTY has been making higher lows in a consolidating market with 15880-15930 as the upper range. Yesterday’s price action and Futures data suggest that NIFTY will be finding very strong support near 15560-15740 zone this series. If the index starts trading consistently above 15800 and gives a strong closing we can see the index climbing to 15960/16060/16120/16180 levels. The targets mentioned are positional targets for the series.

 

Important levels for the day are given below

Bullish Above - 15780

Possible Upside targets - 15860/15880/15960

Bearish Below 15780

Possible Downside targets 15720/15680/15630

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/HUIPTgNG-NIFTY-Possible-Trade-for-Today-05-07-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 15, 2022

NIFTY - Possible Trade for Today- 15-06-2022

 

The index did not break the morning lows made yesterday and as long as that level gets defended, we hold the view that the market can remain sideways with a mild upward bias. If 15760 is defended intraday, the  market can move up to 15830/15888/15960/16030. On the other hand if the recent low of 15660 is breached decisively the index can test 15580/15520/15480 on the downside. We expect the market to remain choppy till any of the boundaries are breached. The SGX NIFTY indicates a flat opening for the Indian market with a mild negative bias.

 

Important levels of the day

Bullish Above - 15760

Upside Targets - 15830/15888/15960

Bearish Below - 15660

Downside Targets - 15580/15520/15480

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/E5WZcniN-NIFTY-Possible-Trade-for-Today-15-06-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

14 June, 2022

NIFTY - Possible Trade for Today- 14-06-2022

Negative global cues and lack of strong positives on the domestic front accentuated the selling in index yesterday. With the SGX NIFTY indicating a negative opening of close to 100 points one needs to watch out for the lower levels made in the index yesterday. For the index to make any sort of upmove this week, it needs to start trading above 15800. If it does happen then one can see the index attempting 15888/15930/15980/16080/16120 on the upside. One the other hand if the index remains below 15800 we can expect the index to test 15700/15640/15580/15510/15470 on the downside.

Important levels for the day and weekly expiry are given below.

Bullish Above 15800

Levels on the Upside - 15888/15930/15980/16080/16120

Bearish Below 15800

Levels on the Downside - 15700/15640/15580/15510/15470

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/FJDW0RcR-NIFTY-Possible-Trade-for-Today-14-06-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 13, 2022

NIFTY - Possible Trade for Today- 13-06-2022

 

With the index having broken on the downside on last friday, we expect the market to continue the downward move to test the recently made lows. The SGX NIFTY indicates a gap down opening for the Indian markets today. For the day the index is likely to remain on a sell on rise mode. One may profit by building short positions on upmoves which are more than 50-60 points. Important levels for the day and the weekly expiry are given below.

 

Bullish Above 16260

Possible Upside Targets - 16280/16360/16420

Bearish Below 16210

Possible Downside Targets - 16160/16080/15930/15840

 

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/1P3gyyZx-NIFTY-Possible-Trade-for-Today-13-06-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 10, 2022

NIFTY- Possible Trade for Today -10-06-2022

 

Price movement in the index yesterday remained choppy and those who managed to trade at the boundaries expecting a reversal would have made money. The last hour move in NIFTY catapulted the price above 16400 and one could see the 16400 CE which was trading below Rs.15 for most part of the day closed above Rs.86. However, the global cues suggest a negative opening for our markets. Dow Jones has broken down from a seven day consolidation, and seems to heading downwards at least for the immediate future. We expect the Indian indices also to follow the same trajectory.

 

Important levels for the day are given below

Bullish Above 1480

Upside levels - 16530/16580/16610

Bearish Below 16420

Downside levels - 16380/16310/16260/16200

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/SqFd6803-NIFTY-Possible-Trade-for-Today-10-06-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 08,2022

NIFTY- Possible Trade for Today- 08-06-2022

 

Yesterday the index gapped down and broke 16400, but took support near 16340 levels. The immediate downside targets given for the weekly expiry as per our previous studies were achieved by yesterday. Today can be a very choppy day given the RBI MPC meeting and possible announcement regarding interest rates. The futures OI analysis suggest a very Bullish set up in Bank Nifty and a very Bearish Set up in Bank Nifty ! Given that the announcement regarding interest rates are expected today, one may need to pay more attention to Bank Nifty than Nifty in deciding the direction for NIFTY. If Long unwinding starts taking place in Bank Nifty, it can drag Nifty to lower levels. On the other hand if the upmove in Bank Nifty forces short covering, one can see massive short covering in NIFTY as well. Options data for the weekly expiry suggest the range to be 16600-16300. Till any of these boundaries gets breached decisively, one may benefit trading at the boundaries for a reversal trade.

 

Important Levels for the day and Expiry

Upside - 16480/1653/16610

Downside -16380/16300

You can track the progress of this study by clicking on the link below.

 

https://in.tradingview.com/chart/NIFTY/HvC1VEki-NIFTY-Possible-Trade-for-Today-08-06-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 07, 2022

NIFTY- Possible Trade for Today- 07-06-2022

 

The index traded yesterday in a range of 16440-16620 and one could see from price action the classic characteristics of a range bound market. Though yesterday the global markets did not show any major weakness NIFTY closed almost flat. SGX NIFTY indicates a negative opening for the market at the time of writing this article. We expect the index to open flat to negative and if the index breaks 16560 in the open and is not able to reclaim it, then we could see movement towards 16480/16420/16380 levels. We expect to see selling pressure till the time the index remains below 16660. On the other hand if the index manages to break 16660 on the upside we can see movement towards 16720/16780/16820. The levels mentioned are for the day and could be valid till the weekly expiry.

Important levels for the day and for the weekly expiry

Bullish Above 16660

Possible Upside targets - 16720/16780/16820

Bearish Below 16560

Possible downside targets - 16480/16420/16360

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/yj2WX01m-NIFTY-Possible-Trade-for-Today-07-06-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 06, 2022

NIFTY- Possible Trade for Today- 06-06-2022

With the SGX NIFTY indicating a mild gap down the we can expect the NIFTY to respect that. Last week’s price action suggests lack of selling strength at lower levels and despite three attempts made recently the lows made in the month of March has not been breached. Also the index has been making higher lows in weekly time frame. NIFTY can remain choppy in the price zone of 16830-16380 and any breach of this zone on a sustainable daily closing basis is likely provide the market direction for the next move. For the day we expect the index to trade between 16660 and 16430. Expected levels on the upside and downside for the day are provided below.

 

Upside levels - 16630/16660

Downside levels -16540/16510/16480/16460/16430

You can track the progress of this study by clicking in the link below.

https://in.tradingview.com/chart/NIFTY/egf3cPMJ-NIFTY-Possible-Trade-for-Today-06-06-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 03, 2022

NIFTY- Possible Trade for Today- 03-06-2022

 

With the index having closed above 16600 in the weekly expiry, the bulls seem to be firmly in control as of now. 16400, which was an earlier resistance was defended strongly and all moves towards that level pushed the market higher. In the shorter time frame price action favours bullish bias and hence we can expect the index to test 16760/16820/16860 if the momentum continues. Till the time index defends 16400 we maintain a buy on dip view.

Important levels for the day and next weekly expiry

Bullish above 16610

Upside targets - 16680/16760/16820/16860

Bearish below 16580

Downside targets - 16520/16430/16380

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/SzAf6VuX-NIFTY-Possible-Trade-for-Today-03-06-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 02, 2022

NIFTY- Possible Trade for Today- 02-06-2022

With the index unable to hold on to higher levels yesterday we saw the prices moving down throughout the day. The last 30 minutes witnessed some serious upmove which took the index above 16500 and closed above 16500. Today being weekly expiry one could see the index moving closer to 16360 levels on the downside if 16480 -16460 does not hold. On the upside the index can test 16580-16610. Any breach above that can push the index to higher levels.

 

Important levels to watch out for the day.

Bullish above 16610

Upside levels - 16680/16730

Bearish below 16580

Downside levels - 16520/16480/16420/16380

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/ULMlur1r-NIFTY-Possible-Trade-for-Today-02-06-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

June 01, 2022

NIFTY- Possible Trade for Today- 01-06-2022

With the index having made multiple failed attempts to break 16700, it looks like the price will now try to test 16400 levels which had acted earlier as resistance. With the SGX NIFTY indicating a minor negative opening (at the time of writing the article), one can expect the market to remain under pressure till 16700 is taken out confidently. On the downside 16400-16360 could come in as potential reversal zone. As long as the price remains above 16400 on a closing basis, we maintain a positive bias in the near term.

Important levels for the day

Bullish Above 16660

Upside Levels - 16730/16780

Bearish Below 16610

Downside Levels - 16580/16520/16480/16410/16380

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/ZjYxlWFI-NIFTY-Possible-Trade-for-Today-01-06-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 31, 2022

NIFTY- Possible Trade for Today- 31-05-2022

After a strong gap up and managing to sustain the gap up in the morning session, NIFTY traded sideways for the rest of the day yesterday. From 12 pm onwards NIFTY moved in a 70 point range of 16680-16610 and as long as that range is not broken decisively in the shorter time frame, we can witness choppiness in intraday day today. With the SGX NIFTY indicating a flat to mild negative opening for the market it is prudent to wait for the market to give strong confirmation before initiating further fresh long positions. For the day and for the weekly series we consider 16680 on the upside to be broken for an upmove, and if it does happen the index can test 16760/16810/16840 levels. If 16610 is broken on the downside we expect the index to test 16520/16480/16410.

Important levels for the day and weekly expiry

Long if price breaches and sustains above 16680

Upside targets - 16760/16810/16840

Short if price breaches and sustains below 16610

Downside targets - 16520/16480/16410

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/hobrN5Fn-NIFTY-Possible-Trade-for-Today-31-05-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 30, 2022

NIFTY- Possible Trades for Today-30-05-2022

With no negative global cues the SGX Nifty indicates an opening above 16400 for the Indian benchmark index. 16400 has on multiple occasions acted as as strong resistance in the recent past. Once 16400 gets taken out , the market can move to higher targets of 16560/16660/16780/16840. The targets given on the upside are positional. If after breaking 16400 NIFTY manages to successfully defend it on a closing basis with volume support one can surmise that the bears have taken a break from aggressive selling at least at the index level.

For the day and for the series we maintain a positive bias as long as 16400 is defended on a closing basis.

Important Levels for the day

Bullish As long as index stays above 16380

Upside Targets : 16412/16487/16512/16567

Bearish As long as index stays below 16360

Downside Targets : 16340/16318/16287/16240

You can track the progress of this study by clicking on the link below.

https://in.tradingview.com/chart/NIFTY/EzNAsBKZ-NIFTY-Possible-Trade-for-Today-30-05-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 27, 2022

NIFTY- Possible Trades for Today- 27-05-2022

 

After witnessing continuous selling in the forenoon session, the market offered a pleasant surprise when it went past 16100 and closed near to 16200. While the rally was fueled by strong shorts booking their profits and weak ones covering their losses, the move from the days low to the close can be viewed as mildly positive. While Bank Nifty managed to break its recent strong resistance zone, Nifty is still trading below the recent resistance zone of 16360-16400. In the lower time frame we can see price momentum divergence and this could indicate the possibility of a minor downward move. For the day we expect the market to trade between 16360 and 16060. Any breach of the boundary mentioned could see price continuing in the direction of the breached boundary. If rejection candles are found near the levels mentioned one may go long in ATM options targeting a move in the opposite direction.

Possible Upside Levels - 16260/16320/16360

Possible Downside Levels - 16120/16060

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/NIFTY/oGMIjL9d-NIFTY-Possible-Trade-for-Today-27-05-2022/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 27, 2022

Bank NIFTY- Possible Trades on 27-05-2022

Making a massive rally of more than 700 points in the second half on monthly expiry, Bank Nifty has successfully managed to break above the recent strong zone 34700-34800. While the Nifty Bank did close above 34800, one can observe price- momentum divergence in the shorter time frame and this could indicate the possibility of a correction. If the correction does happen it can be used as an opportunity for adding to long positions closer to 34700-34800 levels. The immediate upside targets or Bank Nifty can be 35360-35580-35660. For the day and next expiry we maintain the view that Bank Nifty is likely to trade between 35660- 34700. Trades can be taken closer to either of the boundaries looking for a move to the next boundary. One may profit by buying ATM Calls or Puts when the price comes near to the price boundaries mentioned above.

 

Levels for the day and immediate expiry

Upside levels  - 35360/35580/35660

Downside levels  - 35050/3492/34810/34720

You can track the progress of this study by clicking on the link below

https://in.tradingview.com/chart/BANKNIFTY/Xbuzh5nI-Bank-NIFTY-Possible-Trades-on-27-05-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.


26, May 2022

NIFTY- Possible Trade for Today- 26-05-2022

 

The index gapped up but witnessed consistent selling pressure and breached 16000, but ultimately closed slightly above 16000. One could see that every upmove was used as a selling opportunity throughout the day. Being the last week one did not see any fresh short positions being built. Last 10 trading sessions OI analysis reveal that only one day where fresh shorts were added. For the day we expect the index to trade between 15820-16180. Important levels to watch out for today and possible option trades are provided below. Unless the index starts trading above 16200 we maintain a bearish view for the day and hence the suggested trades are based on unhedged ATM Long Puts.

If the index comes closer to the top of the range mentioned one may consider adding put options. Our expected levels for the day are as follows.

 

Upside Levels      :16120/1660/16180

Downside Levels  : 16080/16020/15960/15920/15880.

You can track progress of this study by clicking on the link below

 

https://in.tradingview.com/chart/NIFTY/TfVWHPzR-NIFTY-Possible-Trade-for-Today-26-05-2022/

 

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 23, 2022

NIFTY Still Unable to Sustain Above 16400- Wait for Direction

The market opened flat , but made slow and steady movement upwards and at one point even crossed 16400 briefly. However once again 16400 proved to be a very strong supply zone and the market started trending downwards. Nifty Futures not only closed in the red, but fell more than 250 points from the day's high and closed below 16200. One could see short build up in stocks like ADANI PORTS, GAIL, RELIANCE etc. Government's decision to reduce the tax on fuel did manage to ease inflation did manage to have some positive price impact in the markets, but did not have enough firepower to take scare the bears above 16400. Unless the market manages to stay above 16400 for at least an hour and defend that territory on the down side, we can expect the market to move in the broad range of 16400-15700.

 

Important levels are marked in the chart.

You can track the progress of this study by clicking in the link below.

https://in.tradingview.com/chart/NIFTY/nl6v4qeM-NIFTY-Still-Unable-to-Sustain-Above-16400-Wait-for-Direction/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 20, 2022

NIFTY Opens Gap Up and Shows Strength Throughout the Day !

 

NIFTY opened higher by almost 250 points and one could see consistent buying/short covering all through the day. The fact that the index did not see sharp selling at any level could point at the loss of downward momentum at lower levels. As mentioned in one of our studies earlier, if the market can sustain the current upward momentum, one may see higher levels in the index. One the index manages to close above 16400, one can expect 16600/16730/16820 levels in NIFTY. Around those levels the market  may take a breather and further direction in the market will depend on the price action near those levels. As long as the current momentum continues we maintain bullish bias in the near short term. With the monthly expiry poised for next week the market can see sharp moves. In case of a gap up of more than 200 point  on monday the late bears will run for cover  as breaking of 16400 , which has been a strong hurdle in the recent past would confirm the strength of today's upmove and cement the confidence in the support formed near 15700. However our view is that NIFTY will face stiff resistance near 16700-16800, and if the view is validated by price action setting up short positions at those levels for next series can be quite rewarding.

 

Important levels are marked in the chart.

You can track the progress of this study  by clicking in the link below.

https://in.tradingview.com/chart/NIFTY/mfDgzJAx-NIFTY-Opens-Gap-Up-and-Shows-Strength-Through-out-the-Day/

Disclaimer:

Center for Research in Financial Markets and Economy (C- FAME) is an initiative of the School of Business & Management at Christ Academy Institute for Advanced Studies, Bengaluru. The views presented here are for educational purposes only. C- FAME or the author does not take any responsibility for the trades initiated based on the view presented here.

May 19,2022

NIFTY

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