Fin Nifty Key Trading Levels for 6th Dec 2022-Expiry trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should...
I have drawn many things in this idea, stay with me till the end, and I will clear you.
first, let me talk about the future trend(because based on that and my prediction I have drawn the rest drawings), the future trend is the dark black line(drawn both support and resistance). the trend is based on the markets getting consolidated and its reaction shown by nifty...
Nifty Financial Services Expiry Day Trade Setup
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as...
Hi Traders.
Fin Nifty expiry can be largely sponsored by HDFC and its group entities as they have large % contribution.
Pattern : Descending Triangle pattern with index making lower highs and forming base at 18900 levels around,
good trade only if fin nifty breaks the level of 18950 and above as it would mean structure breakout along with besides pattern...
CNXFINANCE Levels
If FinNifty trading above 19000 levels, & we can plan for longs
If FinNifty trading below 18925 levels, & we can plan for shorts
CNXIT CNXAUTO CNXPSUBANK CNXMETAL CNXFMCG Reliance HDFCBank TCS Infy
Fin nifty is moving with taking resistance the trendline, friday we saw the price well respected the trendline and we saw some profit booking, profit booking may continue today as well
Today is finnifty expiry and the index is looking bullish. if it successfully sustain above 18730 then we see a strong bullish candle above 18k today. Keep this in radar.
Note - In last couple of expiry we have seen good sell off in 2nd half so trade cautiously & with proper hegde.
17700 is a strong number for CNXFINANCE!
For the first time, it has broken above 200EMA in 15m TF!
Sustainance is the question!
IMO, it might be a fakeout!
Volumes are low!
VIX is too high!
Therefore, I'll take the privilage to go short here!
Will be selling calls to grab the premium!
Keeping a sl at 17770!
If the 5mins candle closes above or below thos support or resistance can you can take a entry after the candle close on the above side...wait if consolidation happens..and trade on that breakout for bigger target..
For more such ideas please follow
- SAJAN
