Market outlook

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Link for today's post is https://twitter.com/vfmdirect/status/1268182013456113664

If this works well, I will post everything in twitter and stop using blogger.

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NIFTY options range

NIFTY close	10062	Date	3-Jun-2020
VIX	30.00%
	Levels	Strike price	Significance
Month Hi	10,933	11,000	Resistance
Week Hi	10,481	10,500	Resistance
Day Hi	10,220	10,300	Resistance
Day Lo	9,904	9,900	Support
Week Lo	9,643	9,600	Support
Month Lo	9,191	9,100	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Buy signal on NIFTY index

- signal on kplswing indicator

- the last 2 signals (long and short) failed

- this signal will fail on close below 9500 or trailing 5 bar low

- whatever indicator you use, expect this to fail half the time

- so keep SL tight and let positions run as long as possible

NIFTY options range

NIFTY close	9980	Date	2-Jun-2020
VIX	30.00%
	Levels	Strike price	Significance
Month Hi	10,844	10,900	Resistance
Week Hi	10,395	10,400	Resistance
Day Hi	10,137	10,200	Resistance
Day Lo	9,823	9,800	Support
Week Lo	9,565	9,500	Support
Month Lo	9,116	9,100	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Market outlook

Daily charts:

- nifty is trading sideways and is now at upper end of trading range

- today nifty opened gapup and closed 2.6% in positive at 9826

- AD was 5:1

- good level for contra traders to be short 

- you are very close to SL (10000)

- I am not a positional trader in nifty 

NIFTY options range

NIFTY close	9826	Date	1-Jun-2020
VIX	31.00%
	Levels	Strike price	Significance
Month Hi	10,705	10,800	Resistance
Week Hi	10,248	10,300	Resistance
Day Hi	9,985	10,000	Resistance
Day Lo	9,667	9,600	Support
Week Lo	9,404	9,400	Support
Month Lo	8,947	8,900	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

NIFTY monthly charts

- trend is down

- this month, nifty closed flat and has formed a doji

- all activity was within body of prev month bar

- resistance 10000

NIFTY weekly charts

- this week, nifty closed 7% in positive

- this is 2nd time, nifty has managed a close above 9500

- the first time it happened, nifty sold off the next week

- stiff resistance around 10000

BANKNIFTY technicals

- trend is down

- resistance 20000 support 16000

- this week closing was above prev week high

Market outlook

Daily charts:

- markets are rangebound

- today nifty closed 1% in positive at 9580

- AD was 2:1

- discount on nifty futures increased to 100 points at close

- this is something I have seen after a very long time

- a high discount means long positions in stocks are hedged with short position in futures

- low chance of markets falling from here... just a guess

Option range based on VIX

NIFTY close	9580	Date	29-May-2020
VIX	30.00%
	Levels	Strike price	Significance
Month Hi	10,410	10,500	Resistance
Week Hi	9,979	10,000	Resistance
Day Hi	9,730	9,800	Resistance
Day Lo	9,430	9,400	Support
Week Lo	9,181	9,100	Support
Month Lo	8,750	8,700	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Market outlook

Daily charts:

- trend is sideways

- both long and short signals have failed

- this is normal after a huge move

- today market closed 2% in positive at 9490

- AD was 2:1

- my rules for any indicator based trade /market are simple

- trade the signal but keep SL around  or 5 bar low (for a long signal and vice versa)

- this keeps losses small and at same time helps ride the range.

- above works for any timeframe say 5 min, 15 min or daily or weekly charts etc

Market outlook + options range

Daily charts:

- market is rangebound on daily charts

- till yesterday, I mentioned the trend as down

- with today's move, the SL of 9300 is gone

- you are of course, free to consider any other appropriate SL

- for eg, another good SL could be 9500

- today markets closed 3% in positive at 9315

- AD was 3:2

- on weekly charts, a higher high higher low is already forming

- above view is valid till weekly low does not break (8800)

kplswing signal

Options range

NIFTY close	9315	Date	27-May-2020
VIX	31.00%
	Levels	Strike price	Significance
Month Hi	10,149	10,100	Resistance
Week Hi	9,715	9,700	Resistance
Day Hi	9,466	9,500	Resistance
Day Lo	9,164	9,200	Support
Week Lo	8,915	8,900	Support
Month Lo	8,481	8,500	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Stock signals

ACC

New to the markets?

If you are a Beginner,

1) In Day Trading, never Buy a Stock below 20 DMA,

2) In Swing Trading, never Buy if Stock is below 50 DMA,

3) In Positional Trading, check if Stock is above 200 DMA.

By following these Simple Rules, you will end up saving lot of money over time.

— Trade With Trend (@ST_PYI) May 26, 2020

NIFTY options trading range

NIFTY close	9029	Date	26-May-2020
VIX	31.00%
	Levels	Strike price	Significance
Month Hi	9,837	9,800	Resistance
Week Hi	9,417	9,400	Resistance
Day Hi	9,176	9,200	Resistance
Day Lo	8,882	8,900	Support
Week Lo	8,641	8,600	Support
Month Lo	8,221	8,200	Support
Levels are for day/ week/ month starting tomorrow
Strike price is arrived after rounding up/ down of levels
Range expansion if VIX explodes
For educational purposes only. Not for trading
Updated daily at vfmdirect.in

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed flat at 9029
- AD was flat

- see big red of 18-MAY
- nifty trading within that range for 5th consecutive day
- despite such narrow range, there have been very good intraday opportunities

- note that almost every gapup this month is being sold into
- this provides good ideas for short trades intraday

- trading above 9180-9200 spot will be bullish
- deep support 8500

Emotional discipline

Multiple indices/ stocks in one chart

in.tradingview.com offers this facility

NSE Net Advance Decline line