City FNO

24,800 Call which we sold at Rs 22, Now Trading at Rs 13 👍

Book whole profit.

Nifty may be take support from 24517 (Pivot Zone ). So please book the profit

As we mentioned earlier - Always give first preference to the indicator areas .

See Market is not able to cross the Sideways Resistance

Here smart person can sell the OTM call of 24800 currently trading at 22 with SL of 28.50

Nifty Struggling in the Sideways upper range

Zone levels for 23rd Oct 2024 Channel Link : http://t.me/CityFNOResearch

Nifty - Updated Charts on Intraday Zones

Moving between the zones ✅

We booked profit at Intraday Support👍

Nifty down from 24714 to 24614🤩🤩

Booked 100 points on Intraday🚀🚀🚀

Target = Intraday Support Zone

Done for the day 🤑👍

Hope it helped all of you to understand how Sideways & Intraday Zone Indicators are useful. We are sharing some live trades/charts on daily basis.

If you want to take advantage of these Indicators, then you have track and spend time on your own.

Free Demo available only till 31st October.

Nifty at 24714 levels on Sideways Indicator

Showing similar chart like Yesterday.

After breakdown of Support zones - re-test going on at same levels

🔽Current Trend - Bearish - Until we see any change in trend.

1. Once it breaks Sideways Support Zone - that starts to work as Resistance zone for that day.

2. Also on Intraday Zones - Pivot Zone is working as resistance. Also Reference Line = Red (showing bearish trend)

Nifty on Sideways Zones (5 Minute chart)

Nifty took the support from Zone-1 & now above the green reference line . It may come to retest the zone-1 .

Zone levels for 22nd Oct 2024 Channel Link : http://t.me/CityFNOResearch

Nifty on Sideways Indicator

After breakdown of Support zones - re-tested 2 times and gave 100-150 points again👍

Perfect area for Shoters/Sellers

Once it breaks Support Zone - that starts to work as Resistance zone for that day.

There are 2 Indicators in total - You have to track both.
1. Intraday Zones
2. Sideways Indicator

Nifty Movement on Intraday Zones

Time frame - 15 Minutes

As mentioned yesterday for positive move market requires 🔼 Arrow along with confirmation. But failed & got rejected from Resistance Zone. Link

Reference Line = Red = Means bearish market. No Sign of trend change yet.

Consolidation in Pivot Zones & again rejection. Pure Sellers/Shorter's market

Nifty Made Exact High of 24,978 in Intraday Resistance Range of 24, 966 - 25,036.

Cracked by 170 Points within 20 Minutes. 👍

One trade is enough to win the day & move on to other business.

Nifty Chart on 21st Oct 2024 4 Critical Zones i.e Intraday Zone Indicator.
Chart Time Frame 15 Minutes.

1. Nifty closed Above green reference line (Bullish Market) But with Down Arrow.

2. For continuation of the bullish market we have to wait for the generation of up arrow & confirmation of the same. Here confirmation means that price will close above the signal candle of up arrow.

3. For bearish market we have to wait for the change in the colour of the reference line from green to red and confirmation of the same i.e. price close below that candle on which reference line turned red.

In above cases first respect is to be given to the zones.

Zone levels for 21st Oct 2024 Channel Link : http://t.me/CityFNOResearch

FNO Index Lot Size Revision

Just to keep Retailers away from FNO. SEBI decided to keep Index Future Margin Between 15L - 20L.

There i s no change in the trend line on 5 minutes despite down arrow on 5 minutes as mentioned in above chart that market is bullish on 15 minutes . As mentioned nifty is now struggling in the yesterday support zone https://www.tradingview.com/x/TcSn0Mym/

Nifty on 15 Minute chart is bullish . But we have to give first respect to the levels as not able to break the upper line of the sideways range. https://www.tradingview.com/x/JpQkxSIb/