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| Name | NIFTY expiry day trade setup: Shooting star formed | NIFTY expiry day strategy | NIFTY50 | BankNIFTY |
| Video Uploader | Video From Upstox |
| Upload Date | This Video Uploaded At 02-05-2024 02:00:13 |
| Video Discription | Explore the intriguing twists of NIFTY's expiry day trading setup! 📅 Despite reaching a fresh all-time high on April 30th, NIFTY50 faced a sharp selling spree in the last hour, surrendering its intraday gains and forming a notable shooting star candle on the daily chart. 🕯️ Dive into the implications of this reversal pattern, where bullish momentum above the 22,800 mark could negate the shooting star, while a close below it may signal weakness. 📉 Keep a keen eye on the 20-DMA, nestled within the 22,400 to 22,450 zone, for further directional cues. 💡 Meanwhile, in the options arena, significant call OI is concentrated around 22,800 and 22,850, with notable PUT OI between 22,500 and 22,400, shaping NIFTY's trading range between 22,300 and 22,800. 🎯 Shifting focus to BANK NIFTY, despite nearing the 50,000 mark, it faced selling pressure in the last hour, surrendering its gains and forming a neutral doji on the daily chart. 🔀 Explore the implications of this pattern, where a close above or below the doji could offer directional insights. 📈 Discover the key levels of initial open interest for the May 8th expiry, highlighting significant OI at 49,500 and notable interest at 50,000 calls and 49,000 puts. 🏦 Stay tuned as we dissect the stock action, unveiling long build-up in REC, Ashok Leyland, Exide Industries, HDFC AMC, Bank of Baroda, and IndiaMART InterMESH, contrasted by short build-up in AB Capital, Birlasoft, PI Industries, Coforge, and GMR Infra. 🚀 Don't miss out on the exciting trading opportunities unfolding in today's session! 💜watching our videos? We love making them for you! Leave a comment and tell us what you would like to see next👇 📹Share & subscribe to our YouTube channel for daily updates 🔔 https://youtube.com/@UpstoxOfficial/Subscribe ----------------------------------------------------------------------------------------- About Upstox: 💑Trusted and loved by 1 crore+ Indians, Upstox brings everything you need for trading and investing on a single platform. Whether you’re looking to invest in Stocks, ETFs, Mutual Funds, SGBs, T-Bills, Bonds, IPOs or you’re looking to start trading in Equities, Options, Futures, Currencies and Commodities, Upstox has it all! 🙌Backed by Mr. Ratan Tata and Tiger Global - Upstox aims to help every Indian confidently UP their wealth. From our mobile app (which btw is India’s highest rated trading app on Playstore) you can learn, discover, analyse, invest and trade. 🤝Wish to join our family? Download our app now👇 iOS users https://apps.apple.com/in/app/upstox-new-stocks-ipo-mf/id1584953620 Android users: https://play.google.com/store/apps/details?id=in.upstox.app&hl=en_IN&gl=US And click here to open an Upstox Demat & Trading account with just a PAN, Aadhaar, eKYC: https://uptx.to/open-demat-account ----------------------------------------------------------------------------------------- 📖Want to UPskill? Register for our investing and trading workshops by industry experts for free: https://uptx.to/uplearn-yt-aug23 💬Got questions on your mind? Connect with like-minded traders, ask questions and discuss any doubts - our subject matter experts will resolve them in no time. Join the Upstox Community for free: https://uptx.to/community-yt-aug23 💸Want to know how much you’ll earn from your investments? Calculate returns, brokerage charges, margin and more https://upstox.com/calculator/ 💜Show us some love on Social Media and get regular updates on the market: 1) Subscribe to our Telegram community here: https://uptx.to/Telegram-Oct-Community 2) Follow us on Instagram here: https://uptx.to/Instagram-Oct 3) Follow us on Twitter here: https://uptx.to/Twitter-Oct 4) Follow us on LinkedIn here: https://uptx.to/LinkedIn-Oct |
| Category | News & Politics |
| Tags | #NIFTY50 | #BANKNIFTY | #TradingSetup | #MarketAnalysis | #OptionsTrading | #StockAction | #REC | #AshokLeyland | #ExideIndustries | #HDFCAMC | #BankofBaroda | #IndiaMARTInterMESH | #ABCapital | #Birlasoft | #PIIndustries | #Coforge | #GMRInfra |
