Nifty for tomorrow - Banknifty for tomorrow - 11th January 2022 - Intraday options trading

  On 30th December 2021 nifty 50 index opening 17201.45 and closed at 17203.95 the high is 17264.05  and low is 17146.35. 30th December 2021 ie., Today post market analysis: (monthly expiry) Yesterday nifty closed at  17213.6  and today opened at 17201.45 gapdown of almost 12 points with this  gap actually opened at the CPR with a narrow CPR so trend should be sideways beginning of the session bulls tried to push to highs of 17243.2. Just one green candle crossed the level and could not sustain the highs and came down.  There was a chance to earn just below initial balance of 10 points during first 30 mins. Reveresing from 78.6% on FIB for two days. Weekly nifty trend - On weekly chart nifty just tagged 8 EMA(17295.63) but the candle made a high of 17285.95 and reversed its the same as yesterday Daily nifty trend - Daily trend is below slow EMA however it touched the EMA and reversed to form a doji kind of a candle but above slow EMA same as yesterday ...

  On 29th December 2021 nifty 50 index opening 17220.17 and closed at 17213.6 the high is 17285.95  and low is 17176.65. 28th December 2021 post market analysis: Yesterday nifty closed at 17233.3 and today opened at 17220.17 gapdown of almost 14 points with this  gap actually opened at the CPR with a narrow CPR so trend should be sideways begining of the session bulls tried to push to highs of 17285.95. Just one green candle crossed the level and could not sustain the highs and came down. Narrow initial balance Weekly nifty trend - On weekly chart nifty just tagged 8 EMA(17295.63) but the candle made a high of 17285.95 and reversed  Daily nifty trend - Daily trend is below slow EMA however it touched the EMA and reversed to form a doji kind of a candle but above slow EMA Hourly nifty trend - Last two candle of the day made red  Following are the important levels that I have found to be relevant for tomorrows trading setup; levels 17274.15 is an important re...

On 28th December 2021 nifty 50 index opening 17177.60 and closed at 17233.3 the high is 17250.20  and low is 17161.20. 28th December 2021 post market analysis: Yesterday nifty closed at 17086.25 and today opened at 17177.60 gapup of almost 91 points with this  gap actually opened between S1 and PDH/CPR with a wide CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17250.20 Nifty took support at 15 mins Initial balance and moved up first 15mins was not broken Weekly nifty trend - Last weeks high was 17155.6 and now nifty closed at 17233.3 gradually moving from sideways to uptrend also much above slow EMA but below fast EMA Daily nifty trend - Closed much above fast EMA and still below slow EMA uptrend will be confirmed only if a candle closed above slow EMA Hourly nifty trend - uptrend closing above both slow and fast EMA Following are the important levels that I have found to be relevant for tomorrows trading setup; levels 17268.2 ...

  On 27th December 2021 nifty 50 index opening 16937.75 and closed at 17086.25 the high is 17112.05  and low is 16833.20. The Candle is closing closing 8 EMA 27th December 2021 post market analysis: Yesterday nifty closed at 17033.75 and today opened at 16937.75 gapdown of almost 96 points with this  gap actually opened between PDL/S1 and narrow CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17112.05 Nifty took support at PDH/S1 and moved up as said on 27th December market moved up Weekly nifty trend - After last week's support at 34 EMA good start for the week but still nifty weely chart show it closed below 8 EMA Daily nifty trend - Sideways Trend Closed above 8 EMA Hourly nifty trend - uptrend closed above 8 EMA (far away from 8 EMA) Following are the important levels that I have found to be relevant for tomorrows trading setup; levels 17187.80 is an important resistance and 16908.95 is an important support Based on ana...

  On 24th December 2021 nifty 50 index opening 17149.5 and closed at 17003.75 the high is 17155.60  and low is 17909.60. The Candle is closing below 8 EMA 24th December 2021 post market analysis: Yesterday nifty closed at 17072.60 and today opened at 17149.5 gapup of almost 77 points with this  gap actually opened above PDH and S1 so trend should be up but no buyer followup volumes in futures reduced increase in price did not support with proper volumes so reversed banknifty also did not support so nifty reversed tagged CPR 8 EMA and tagged 34 EMA after taking support at S3 bounced back to CPR. Today was a trending market on both sides Weekly nifty trend - down but closed much above 34 EMA tried to make a Doji but no support on friday Daily nifty trend - Sideways Trend Closed below 8 EMA Hourly nifty trend - Side ways trend closed at 8 EMA Following are the important levels that I have found to  be relevant for tomorrows trading setup; levels 17136.37 is an impo...

On 23rd December 2021 nifty 50 index opening 17066.80 and closed at 17072.60 the high is 17118.65  and low is 17015.55 forming a indecision candle with no much movement, except  for gapup movement. 23rd December 2021 post market analysis: Yesterday nifty closed at 16955.40 and today opened at 17066.80 gapup of almost 111 points with this huge gap actually opened above PDH and S1 so trend should be up but no buyer followup volumes in futures reduced increase in price did not support with proper volumes so reversed banknifty also did not support so nifty reversed tagged 8 EMA and tagged 34 EMA after taking support at 34 EMA bounced back to highs of 17118.65. Today volumes played a major role in market movement. Yesterday told it will be sideways market. Weekly nifty trend - down (trying to make a pin bar bullish) Daily nifty trend - closing above 8 EMA and its doji candle Hourly nifty trend - up trend 22nd December 2:15 pm nifty closing above 8 EMA Following are the importa...

  On 22nd December 2021 nifty 50 index made a high of 16971.00 and a low 16819.50  Nifty index closed at 16955.4 Weekly nifty trend - down (trying to make a pin bar bullish) Daily nifty trend - down (trying to make a sideways trend) Hourly nifty trend - up trend  Following are the important levels that I have found to  be relevant for tomorrows trading setup; levels 17011.13 is an important resistance and 16859.63 is an important support If market opens with a small gap up of 30 - 40 points the nifty will tag 17145.75 and if there is any rejection at 17145.75 then next support at 16971.00  If market opens with a small gap down of 30 - 40 points easy index will tag 16910.50 and next support will be at 16863.00 If market opens Gap Up: If big gap up  index is having all the chance to tag 17145.75 if sustained for 15mins all chances to move up by 100 points and to the next resistance at 17428.50 If market opens Gap down: If big gap down  index is having al...