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#NIFTY50 Daily chart Near term resistance : 17500 Near term support : 16000 View : extreme volatile Trend : Down trend How to : Navigate using RSI (14) analysis is done using 20, 200 DMA only 200DMA is near 16000 last time nifty took support at 200DMA was on 24 SEP 2020, same RSI level marked on screen Friday's RSI is near that level that being said Nifty's RSI level on 23 APR 2020 is next support on RSI chart If that is taken out we may fall further down before going up 16000 is good support as we have spent almost one and half months before taking it out wait for fall to complete after that one can start thinking about adding stocks to portfolio meanwhile ETF's are good to accumulate or MF's
Beta Trader's Posts
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Reputation: 2,459  •  Dec 23, 2021 2:31 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Break out on either side
Phase : Sideways
Resistance zone : 17100
Support zone : 17000

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 35400
Support zone : 35000
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Reputation: 2,459  •  Dec 22, 2021 2:57 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Break out on either side
Phase : Sideways
Resistance zone : 17000
Support zone : 16850

#NIFTYBANK : Break out on either side
Phase : Sideways
Resistance zone : 35200
Support zone : 34800
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Reputation: 2,459  •  Dec 21, 2021 2:25 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 16850
Support zone : 16400

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 36300
Support zone : 35300
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Beta Trader replied to own post

Options to act on
*Next Session*

17100 CE
16200 PE
36000 CE
33500 PE
Dec 20, 2021 2:20 AM
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Reputation: 2,459  •  Dec 20, 2021 2:19 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 16850
Support zone : 16400

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 36300
Support zone : 35300
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Reputation: 2,459  •  Dec 18, 2021 9:33 AM

List of stocks that soon go near respective 200DMAs

APOLLOHOSP
BAJAJFINSV
BAJFINANCE
BATAINDIA
DLF
BEL
BHARTIARTL
BOSCHLTD
COFORGE
GRASIM
HAL
ICICIBANK
JSWENERGY
RELIANCE
SBIN
TATACHEM
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Reputation: 2,459  •  Dec 18, 2021 9:32 AM

can invest in these on weekly basis

List of stocks near respective 200DMAs and taking support

AARTIIND
ABCAPITAL
ACC
ADANIPORTS
AJANTPHARM
ALKEM
AMBUJACEM
ASHOKLEY
AUBANK
BALKRISIND
BERGEPAINT
BHARATFORG
BRITANNIA
CONCOR
CROMPTON
CUMMINSIND
DABUR
DALBHARAT
DEEPAKNTR
DIVISLAB
EM......read more
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Beta Trader replied to own post

Options to act on
Next Session

17400 CE
16800 PE
37000 CE
35000 PE
Dec 18, 2021 9:30 AM
Beta Trader-display-image
Reputation: 2,459  •  Dec 18, 2021 9:30 AM

Option Chain Analysis (Intraday)
For
Next Session

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 17200
Support zone : 16850

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 36300
Support zone : 35300
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Reputation: 2,459  •  Dec 18, 2021 8:52 AM

Daily chart
Near term resistance : 17500
Near term support : 16000
View : volatile
Trend : Down trend
How to : Navigate using RSI (14)

analysis done using candlesticks with resistance line (RED)marked on chart as well as RSI curve
additional Fibonacci retracement placed......read more
IDX:NIFTY 50 - 6433526
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Beta Trader replied to own post

expectations : 1. fill gap near 16670
2. go sideways for few days
3. go further down near 200DMA
4. find support near 200DMA, possibly 16000
Dec 18, 2021 8:52 AM
Beta Trader replied to own post

analysis done using candlesticks with resistance line (RED)marked on chart as well as RSI curve
additional Fibonacci retracement placed with MAY's LOW as support
Dec 18, 2021 8:52 AM
Beta Trader-display-image
Reputation: 2,459  •  Dec 17, 2021 2:32 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 17350
Support zone : 17150

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 37000
Support zone : 36200
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Reputation: 2,459  •  Dec 14, 2021 2:36 AM
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Reputation: 2,459  •  Dec 14, 2021 2:35 AM
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Beta Trader replied to own post

Options to act on
*Next Session*

17500 CE
17200 PE
37500 CE
36500 PE
Dec 14, 2021 2:33 AM
Beta Trader-display-image
Reputation: 2,459  •  Dec 14, 2021 2:33 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 17550
Support zone : 17250

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 37400
Support zone : 36700
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Beta Trader replied to own post

Options to act on
*Next Session*

17700 CE
17200 PE
38000 CE
36500 PE
Dec 13, 2021 9:17 AM
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Reputation: 2,459  •  Dec 13, 2021 9:17 AM

*Option Chain Analysis (Intraday)*
For
*Next Session*

#NIFTY50 : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 17550
Support zone : 17250

#NIFTYBANK : Buy on dip/sell on rise
Phase : Bearish
Resistance zone : 37400
Support zone : 36700
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Reputation: 2,459  •  Dec 13, 2021 2:43 AM
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