Nifty Ninjaa

The Overall Market health is still bullish but relative momentum started to fade-out past two weeks. BankNifty is at critical juncture and the close was exactly at critical support zone. Expecting same amount of volatility in price for the next week but price might balance in a wide range. Let us dive in to the Profiles and charts Weekly Analysis: Nifty Future:  NF is comparatively stronger than BNF and Finnifty. NF did not break 18th Jan Low and also repaired all the Anomalies of 19th Jan profile. Refer the chart as follows, Critical support for NF is at 14350 and 14230. Only below 14220, there will be a sharp fall.  Major Resistance for NF is at 14490 and 14565, If NF decisively breaks these zones, we can expect another new ATH or even 15000.  We can expect zig-zag fast movements in NF and BNF for next week until budget.  Refer the weekly profile of Nifty Futures, you can see 14222 being protected for a while and acts as a critical support. BankNifty and FinNifty: ...

Hello People,  Posting my Analysis after a long time. I was really busy with my work and trading. Managing it simultaneously is quite tedious. Also, Jay was posting his views in Youtube which is too good, so i thought my views would be redundant. Anyways, will post the views, so that it will help me as trading notes. NF and BNF Weekly Analysis We had a indecisive Week until Friday, knocking off both bulls and bears on both the sides with good amount of volatility.  IT stocks came to save the bull market. Only certain stocks like Reliance, HUL, Infy are supporting the bulls. Other stocks rally for a day or auction in sideways. Banks were subdued, did not perform at all. Not actually a money making week. Lets deep dive into the weekly MP Charts NF VAs VAH - 10860 POC - 10790 VAL - 10650 BNF VAs VAH - 21858 POC - 21708 VAL - 21264 This week Banks should start performing and NF might start being subdued due to RIL (might not go above 1940 and start correction below 1890) BNF - Bre...

NF had a strong gap-up opening around 10300, but got sharply rejected towards YVAH. Reliance, ICICI, HDFC - all the heavy weights are weak and drove down NF. NF still hasn't broke YPOC (10107), which is an important level for further downside towards 10,000 zone. Opening for both NF and BNF was OAOR, the day ended as a Normal Variation down day. NF VAs VAH - 10318  POC - 10267 VAL - 10172 BNF VAs VAH - 21540 POC - 21204 VAL - 20874 If NF opens inside YVA below YPOC, price might balance for a while. Any rejection around 10245 / 10270 zone, price might drive down towards Y.Low and break of 10107, price can still further drive down towards 10020 / 10000 zone. If YPOC is broken upside with momentum, price can go towards Y.high and break of 9320 zone, price can further drive up towards 10400 / 10420 zone NF has Singles around 10245 and 10213 zone.  BNF has singles around 21447 and 21285 zone ViX spiked up towards 30. closed around 29.65 (up 3.3%) Ref Levels for today in NF are 1027...

Weekly VAs NF VAs VAH - 10172 POC - 10100 VAL - 9870 BNF VAs VAH - 20838 POC - 19974 VAL - 19704 On the weekly value areas, in NF 10100 zone seems to be important for this week. Any break below 10100, can fuel NF towards 9800 zone. similarly, in BNF any break below 20800, can take BNF towards 20350 and 20100 zone Daily Analysis NF VAs VAH - 10145 POC - 10107 VAL - 10070 BNF VAs VAH - 20886 POC - 20724 VAL - 20514

NF opened just above YVAL, drove up towards POC 10100 and rejected sharply. Price drove down towards 1st June VAH 9930 zone, took support around that zone and started rotating between 10060 and 9930 zone.  BNF was weak and dragging the index. Reliance was holding strong. NF and BNF has a Normal Variation Down day. NF VAs VAH - 10067  POC - 10020 VAL - 9980 BNF VAs VAH - 20754 POC - 20436 VAL - 20238 VAs Shifted lower compared to 4th Jun 2020 indicating bearishness in market. Strong support around 9780 and 9800 zone, Price might move towards that zone slowly.  Short term structure of market is bullish Ref Zone in NF for today are 10080 and 10100 on upside and 9870 and 9835 on the downside Longs be cautious today.  ViX was down by 2% and closed around 29.69

NF and BNF had an adventurous day. Personally i was expecting a sharp down move towards 10050, but couldn't time well. My Short stoploss got hit. There is no reference in NF around 10200 zone. There is only a big gap between 10080 and 10300.  NF and BNF had a gap-up open and till EOD the gap was protected. Do no short the market unless you have some reversal sign, Keep an open mind as it is Weekly expiry NF VAs VAH - 10130 POC - 10100 VAL - 10060 BNF VAs VAH - 21180 POC - 21030 VAL - 20784 If NF opens below YVAH (10060) or inside YVA below YPOC and break of 10030 zone, can trigger price to drive down towards 9980 and 9930 zone. If 10030 is not broken, it might bounce towards YPOC and 10130 zone. If NF opens above YPOC (10100), it might bounce towards 10200 zone, any rejection around that zone can trigger a down move towards 10060 zone. If 10200 breaks, price can test 10300 zone and close the gap. ViX was down 2% and closed around 30. Reliance was flat and BNF had some profit bookin...