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Niftyintradaylevels

Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue Today Nifty also reversed near "Reaction Area", we can consider that area as resistance. Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty. Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520. If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
Nifty Intraday 23 Oct 2024 Levels for SellingToday Nifty made new low and following price action on every timeframe. For good risk reward if price starts moving upwards and taking reversal near 24600, then we can go for sell trade. For Followup trade, any 5 min candle close below 24445 then also we can go for sell trade. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
NIFTY INTRADAY LEVELS FOR 20/09/2024BUY ABOVE - 25490 SL - 25410 TARGETS - 25490,25550,25610 SELL BELOW - 25380 SL - 25440 TARGETS - 25310,25240,24190 NO TRADE ZONE - 25380 to 25490 Previous Day High - 25610 Previous Day Low - 25380 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Flag & Pole Bullish Continuation Pattern for TomorrowFor tomorrow, focusing on the Nifty50 in a 15-minute timeframe, the price action indicates a potential continuation pattern known as the "Flag and Pole." This pattern typically suggests that the current trend is likely to continue after a brief consolidation phase. Below is a detailed breakdown of the possible price action: Technical Analysis Overview: Pattern Type : Flag and Pole (Continuation) Script : Nifty (Index) Timeframe : 15-Minute Chart Trading Type : Futures and Options (FnO) Price Pattern Characteristics: The Flag and Pole pattern consists of two key components: The Pole : Represents a sharp and strong directional move, typically upward, indicating a significant bullish sentiment. In this case, Nifty has exhibited a strong rally, forming the “Pole” of the pattern. The Flag : After the sharp rise, the price enters a consolidation phase with a slight downward or sideways drift. The “Flag” forms as price moves within a tight range, typically between two parallel trendlines sloping downward. Trade Setup and Expectations: The price is currently in the consolidation phase, creating the Flag. This temporary pause is likely to be followed by another bullish move, resuming the earlier uptrend. Breakout Confirmation: The key level to watch is the upper trendline of the Flag. A breakout above this level, coupled with strong volume, would signal the continuation of the uptrend. Possible Targets: Target 1 (T1): 25100 Target 2 (T2): 25200 Stoploss : 24970 These targets are based on the measured move concept, where the height of the Pole is projected from the breakout point. Risk Management: Given the nature of this continuation pattern, it’s crucial to wait for a confirmed breakout with volume before entering the trade. Set a stop loss slightly below the lower trendline of the Flag to manage risk. Conclusion: The Flag and Pole pattern on Nifty's 15-minute chart points towards a bullish continuation, making it a favorable setup for FnO traders. However, ensure proper risk management, as patterns may fail or face unexpected market influences. This analysis should be taken as a probable scenario rather than an exact prediction, with adaptability to real-time price action being key. Disclaimer : DO NOT FOLLOW THIS STUDY BLINDLY. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING A TRADE.
NSE:NIFTYLong
by Amankuckreja
3
Nifty Positional Trading PlanThe market continued to consolidate while maintaining its upward momentum for the ninth consecutive session and hit a new Nifty 50 closing high on 28th August. The rise of 0. 14 per cent to 25,052 points formed a doji like candlestick pattern indicating consolidation and indecision among buyers and sellers on future market trends. US stock markets fell across the board overnight and Asia opened today with a correction, creating instability in the domestic market. The bulls may weaken after consecutive rallies and the market is expected to remain consolidated on the monthly F&O expiry date. Important resistance above is at 25, 100 pips, while short-term key support appears at 24,950 pips, at 5-day EMA level. Nifty Options For call option data, the highest number of open positions is at 25,500 strike, which can act as a key resistance level for Nifty in the short term. In put options, the highest number of open positions is at 25,000 strike, which can act as a key support level for Nifty. August F&O expires and can be shifted to September F&O to open new positions. Longs have shown weakness and remain short for the next few sessions, today one can focus on NIFTY SEP 24500 PE and enter new position at 135-150 with scheduled profit of 15%.
NSE:NIFTYLong
by PJVFINANCIAL