September 22, 2020

NIFTY intraday charts

- rangebound day
- first hour high low not crossed

- today's high low will be decision levels for tomorrow



NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.6% in negative at 11154
- AD was 1:3

- VIX dropped 5%...now at 21



September 21, 2020

Short term, medium term and long term

 


NIFTY intraday charts

5 min:


15 min:


30 min:



NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 2.5% in negative at 11222
- AD was 1:5

- note trend will reverse on close below 11000
- however big red bars like today and 31-AUG hint that trend will reverse



September 18, 2020

NIFTY intraday charts

5 min:
- lucky if you could catch the breakout failure
- I did not 


NIFTY EOD charts

- trend is up on daily charts
- today nifty closed flat at 11505
- AD was flat

- net move this month is 35 points over 14 trading days



September 17, 2020

S&P 500 charts

US markets open gap down but near support...

if support breaks, expect a deeper correction




NIFTY options open interest distribution

- highest OI evenly split between 11500 PE and 12000 CE



NIFTY intraday charts

5 min:
- today only short trade was profitable
- did not trade long


15 min:



NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.7% in negative at 11519
- AD was 1:2




Investing is hard.... very hard

 








September 15, 2020

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.7% in positive at 11522
- AD was 3:2

- in 42 days, nifty has moved from 11000 to 11521
- average move of 12 points per day
- this month, net move is almost zero points in 11 days

- NIFTY PE ratio is at 33

- swing low support 11000



Jio Financial Services?

September 14, 2020

CNX SMALLCAP index up 5% today

 

Breakout in CNX IT index

 

NIFTY intraday charts

5 min


15 min:




NIFTY EOD charts

- trend is up on daily charts

- today nifty closed 0.3% in negative at 11440

- AD was 2:1

- banknifty was very weak

- while small cap index was up 5%



September 11, 2020

NIFTY 30 min charts

- this month nifty opened around 11450 F
- and today, it is still around that level

- markets still rangebound




NIFTY EOD charts

- trend is up on daily charts
- today nifty closed flat at 11464
- AD was 5:4

- so far there has been follow thru selling 
- markets have gained almost 400 points from recent lows
- however strong resistance is seen around 11500

- support remains at 11000

- nifty PE at 32+


What connects beer, reptiles basking in the sun, a dangerous yeast infection, 98.4 Fahrenheit, an asteroid collision and finally, coconut toddy?

Read complete thread at https://threadreaderapp.com/thread/1304077632233861121.html

S&P 500 roller coaster ride continues

 

NIFTY futures support and resistance levels

 


NIFTY options open interest distribution

 - strong resistance at 11500



September 9, 2020

NIFTY options open interest distribution

- analysis is for monthly expiry
- highest OI is at 11000 PE followed by 10500 PE
- reduction in put OI seen and increase in OTM calls OI seen
- puts below 10500 has increase in OI
-in calls, highest OI is at 11500 CE followed by 12000 CE

- no clear conclusion can be drawn



NIFTY EOD charts

- trend is up on daily charts
- today nifty closed 0.34 in negative at 11278
- AD was 1:2

- despite gap down opening, markets managed a close near day's high
- RELIANCE closed 2.5% in positive ... a large move for an index heavyweight
- stock contributed approx 80 points move in nifty



September 5, 2020

BANKNIFTY weekly charts

- index could not sustain above 24000 
- below 22000 more weakness



Bearish engulfing bar on weekly charts

- this week we had a bearish engulfing bar on weekly charts
- bar size was 500 points

- not all such patterns lead to a correction or reversal
- but it helps to stay cautious

- similar patterns (not exact matches) have been circled on chart



September 4, 2020

NIFTY intraday charts

5 min:
- first short trade to be ignored as nifty did not close NEAR low
- ditto for next long trade.. if long on 2nd signal, stopped out on TSL
- last short trade was profitable


15 min:

NIFTY EOD charts

- let us keep this simple
- trend is up as per swing indicator
- trailing SL at 5 bar low for long
- stopped out today

- irrespective of whatever method you follow for entry
- keep 5 bar or 10 bar low as exit level for a long position 
- and vice versa



Candlestick reversal patterns

 Image

S&P 500 down 3.5%

September 3, 2020

NIFTY PE ratio at 33!!!

How the hell will "new" long term investors make money?



US markets open 1.5% down

- close is important
- dhamaal tomorrow here in India



NIFTY options open interest distribution

- writers see limited upsides

- max hedges around 12500 CE



NIFTY intraday charts

- trading range has become small in past few days
- resistance around 11600 F
- support 11500-11450 F

- build of calls above 11600
- limited upsides?



NIFTY EOD charts

 - trend is up on daily charts

- today nifty closed flat at 11527

- AD was 5:4

- support 11000

- option writing resistance 12500



Highest Open Interest in 12500CE! NIFTY Will Cross 12500 Next Week?

 

September 2, 2020

NIFTY intraday charts

 - tight trading range

- prev day high low not crossed

- prev day anyway had a small range

- key levels for tom 11450-11600 F



NIFTY EOD charts

 - trend is up on daily charts

- today nifty closed 0.6% in positive at 11535

- AD was 2:1

- support 11000... till this breaks, consider trend as up



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