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Niftyintradaytradesetup

Nifty Intraday Trade Setup | 20th DecemberNifty opened with a big gap-down near crucial support of 23850 today due to US markets and Nifty traded in a range created in first 15 mins. For tomorrow, if Nifty sustains above 24000 we expect to see an upmove towards 24080 and above marked levels. On the other side, if Nifty breaks 23920 on downside we may see 23920 and below marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24000 Sell Below - 23920 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
The Nifty spot intraday trend forecast for December 23, 2024The Nifty spot intraday trend for December 23rd indicates a bearish outlook. With the previous support level breached, the next strong support is at 23,020. However, it is important to note that timing plays a crucial role in all market activities. Our bearish outlook is expected to continue until December 27th, 2024. Please be aware that the mentioned levels may vary due to potential gaps on either side. This content is intended solely for educational purposes, and I strongly advise against trading in derivatives.
NSE:NIFTYShort
by Mastersinnifty
NIFTY - Trading Levels and Plan for 20-Dec-2024Intro: Review of the Previous Day’s Plan After a gap down opening, prices saw first phase of recovery but could not find follow on support and traded in a narrow range. Let’s analyze potential scenarios for today. Plan for Different Opening Scenarios Gap-Up Opening (100+ points above 24,014): A gap-up above 24,014 places Nifty near the resistance zone or even at 24,103. The focus should be on observing price action for either a breakout or a rejection. Plan of Action: If Nifty approaches 24,227, monitor for bearish rejection signals (e.g., shooting stars or bearish engulfing patterns) to initiate short positions targeting 24,103 and 24,014. Stop loss can be placed above 24,250. For a breakout above 24,227, wait for an hourly close and consider long trades targeting 24,300 or higher. Stop loss below 24,200. Key Tips: For options, consider OTM calls if a breakout occurs. Hedge positions using vertical spreads to cap potential losses. Flat Opening (Within 23,900-24,000 range): A flat opening keeps Nifty in the sideways zone (yellow trend). Early market movement will determine directionality. Plan of Action: If Nifty sustains above 24,014, initiate longs targeting 24,103 and 24,227. Use a stop loss below 23,950. If the index slips below 23,900, initiate shorts targeting 23,877 and 23,748 with a stop loss above 24,000. Key Tips: A flat opening is ideal for option straddle/strangle setups. Close positions if volatility contracts or movement remains indecisive. Gap-Down Opening (100+ points below 23,877): A gap-down below 23,877 places Nifty near support or bearish breakdown zones. Focus on price action around 23,748 or 23,604. Plan of Action: If Nifty holds above 23,748, initiate long positions with targets at 23,877 and 23,961, keeping a stop loss below 23,700. A breakdown below 23,748 opens further downside to 23,604. Initiate shorts below this level with targets at 23,500 or lower. Stop loss above 23,800. Key Tips: In gap-down scenarios, avoid panic trades. For options, consider OTM puts or debit spreads for bearish strategies. Risk Management Tips for Options Trading: Never risk more than 2% of your capital on a single trade. Use a mix of ATM and OTM options for balanced risk/reward setups. Exit trades promptly if Nifty deviates from the expected plan. Monitor implied volatility; avoid overpaying for options in low-volatility environments. Summary and Conclusion: Today’s plan revolves around key levels: 24,014, 23,877, and 23,748. The yellow trend indicates likely consolidation, the green trend highlights bullish potential, and the red trend shows bearish zones. Patience and disciplined execution are crucial for trading success. Let price action confirm your trades before entering positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Bears Take Charge – 630 Points Secured with Risological InNifty 15-Minute timeframe short trade achieved a massive 630-point profit using the Risological Trading Indicator. Trade Details: Short Entry: 17th December, 9:15 AM Exit: 19th December, 3:20 PM Total Points Captured: 630 points Technical Breakdown: This trade showcased the precision and reliability of the Risological Trading Indicator. The indicator identified a clear bearish trend early on, enabling a high-conviction short entry. The trend persisted across multiple sessions, allowing the trade to capture a significant downward movement before closing out with a sizable profit.
NSE:NIFTYShort
by ProfitsNinja
NIFTY : Prediction levels and plan for 19-Dec-2024 Intro: Previous Day's Plan vs Actual In yesterday's chart, we observed Nifty approaching a deep retracement zone (113% level at 24,098) and tested the must-try zone for Wave C completion as highlighted. Price remained within the "No Trade Zone" for a considerable period, indicating indecision and sideways movement. The sideways yellow trend was respected, with no significant breakout. Now, for 19-Dec-2024, we will plan the opening scenarios considering a gap opening of 100+ points in either direction, or a flat opening, using key levels for action. Trading Scenarios for 19-Dec-2024 Gap Up Opening (100+ points): If Nifty opens above the Opening Resistance for Retracement at 24,359, this signals initial strength. - Monitor the first 30 minutes for price action confirmation. If Nifty sustains above 24,359, we may see a move towards the Last Intraday Resistance at 24,488 (red level). - Aggressive traders can look for long opportunities with a stop loss placed at 24,227 (blue level) on an hourly candle-close basis. - However, failure to sustain above 24,359 can lead to a retracement back towards the No Trade Zone (24,169). - Action Plan: - If the price closes an hourly candle above **24,359**, initiate longs with **targets** at **24,488**. - If it fails to hold above, avoid fresh trades and wait for price to return to the retracement zone. Flat Opening: If Nifty opens near the No Trade Zone (24,169 - 24,227), caution is required. A sideways price action is likely within this range. - Price needs to break out from this "No Trade Zone" to give clear direction. - Upside breakout above 24,227 could lead to a retracement test towards 24,359. - Downside breakdown below 24,169 can trigger a test of the Wave C correction zone at 24,098 - 24,029. - Action Plan: - Avoid trading in the "No Trade Zone" to minimize risk. - For longs, wait for a confirmed breakout above **24,227**. - For shorts, wait for a breakdown below **24,169**, targeting **24,098** first and then **24,029**. Gap Down Opening (100+ points): If Nifty opens near or below the Must Try Zone at Wave C completion (24,098 - 24,029), it signals a bearish start. - Watch for signs of support formation in this range. A strong bounce can lead to a reversal back toward 24,169. - However, if Nifty fails to hold this zone and breaks 24,029, further downside towards 23,600 could unfold (red trend). - Action Plan: - Look for buying opportunities if price holds above **24,029** with confirmation on the hourly chart. - If **24,029** breaks decisively, initiate short positions targeting **23,600**, with a stop loss above **24,098**. Risk Management Tips for Options Traders : Always use stop losses based on an hourly candle close to manage risks. Avoid trading in uncertain zones (e.g., "No Trade Zone") where the risk-reward ratio is unfavorable. For options, consider deploying spreads (e.g., Bull Call Spread or Bear Put Spread) to limit risk during gap openings. Avoid chasing trades in case of a sharp gap-up or gap-down; let the price stabilize for 30 minutes. Summary and Conclusion: Nifty remains at a critical juncture near the Wave C correction completion zone. Key Levels to Watch: Upside: 24,227, 24,359, 24,488 Downside: 24,169, 24,098, 24,029, and 23,600 Focus on breakouts or breakdowns for actionable trades, avoiding sideways moves. The yellow trend reflects sideways movement, green indicates a bullish reversal, and red shows bearish continuation. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders should conduct their analysis or consult a financial advisor before making decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 19th DecemberNifty opened with a minor gap-down and it morning we saw some volatile moves, once Nifty sustained below 24300 which was a crucial support level, we saw good fall and Nifty made a low near 24150 and closed below 24200. There is US Fed meeting tonight and tomorrow we may see the impact on Indian markets. For tomorrow, if Nifty sustains below 24150 we may see further downside towards 24100 and below marked levels. On the other side, if Nifty breaks 24250 on upside we may see 24300 and above marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24250 Sell Below - 24150 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY : Trading levels and Plan for 18-Dec-2024Nifty Trading Plan for 18-Dec-2024 Previous Day Plan vs Actual: In yesterday's uploaded chart, we identified key levels of retracement and reversal zones. The Wave C completion zone (24,097 - 24,009) was highlighted as a potential support for buyers. As observed in today’s session, the price reacted strongly to this zone with a pullback, respecting the reversal area as anticipated. Additionally, the Golden Retracement Zone acted as intraday resistance, with prices consolidating sideways as shown in the Yellow Trend . Moving into 18-Dec-2024, we will adjust our plan based on the identified opening levels and trends. Trading Scenarios for 18-Dec-2024: Scenario 1: Gap Up Opening (100+ Points Above 24,319) If Nifty opens with a strong gap-up above 24,485 or near the Golden Retracement Zone , we should be cautious of immediate selling pressure. The first resistance to monitor is at 24,547 . Price action here will determine further moves: If prices sustain above 24,547 , expect an extension toward 24,686 (Last resistance for Intraday). Failing to sustain above 24,547 could lead to retracement back to 24,319 (Opening Support). Action Plan: Wait for a retest of support levels after the gap-up before initiating fresh longs. Avoid chasing prices. Tip: For option traders, focus on at-the-money call options with tight stop losses if support holds. ⠀⠀ ⠀⠀ Scenario 2: Flat Opening (Near 24,319 - Opening Support/Resistance Zone) If Nifty opens flat near the Opening Support/Resistance at 24,319 , we must observe whether buyers or sellers take control: If prices break above 24,319 and sustain, look for a move toward the Golden Retracement Zone at 24,454 - 24,485 . Failure to hold 24,319 could trigger selling pressure toward 24,150 and deeper levels like the Wave C completion zone. Action Plan: Observe 15-minute candle confirmation before taking any trade. Maintain a favorable Risk/Reward Ratio of at least 1:2. Tip: For options, consider selling put options if support holds or buying call spreads to minimize premium risks. ⠀⠀ ⠀⠀ Scenario 3: Gap Down Opening (100+ Points Below 24,319) If Nifty opens with a gap-down near the Wave C completion zone (24,097 - 24,009) , this area will act as strong support for buyers: Look for reversal signs (bullish candles) in this support zone for potential long entries with stop losses below 24,009 . If prices fail to reverse and sustain below 24,009 , expect further downside toward 23,950 . Action Plan: Focus on reversal confirmation at Wave C completion for long positions. Avoid shorting unless a clear breakdown occurs. Tip: For options, buying in-the-money call options at reversal zones reduces the impact of time decay. ⠀⠀ ⠀⠀ Risk Management Tips for Options Trading: Always keep a defined stop-loss for every trade to protect your capital. Avoid holding options positions overnight, especially during high volatility. Use spreads (e.g., Call/Put Spreads) to minimize the impact of premium fluctuations. Do not risk more than 1-2% of your capital per trade. Monitor the VIX index to gauge overall market sentiment and volatility levels. Summary and Conclusion: Bullish Scenario: Sustaining above 24,454 - 24,485 could trigger a move toward 24,686 . Sideways Scenario: Consolidation in the Golden Retracement Zone may dominate intraday moves. Bearish Scenario: A break below 24,009 could invite further selling pressure. Yellow Trend: Sideways Consolidation Green Trend: Bullish Move Red Trend: Bearish Breakdown Disclaimer: I am not a SEBI-registered analyst. The analysis provided is for educational purposes only. Please conduct your research or consult with a financial advisor before taking any trade.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Support & Resistance Levels for 17.12.2024On Monday, Nifty opened negative, made an initial high of 24781.25 but slipped to a low of 24601.75 during the session. It closed at 24668.25, losing 100 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be positive. Demand/Support Zones Near Demand/Support Zone (15m): 24180.80 - 24342.50 Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPal
NIFTY : Trading Plan and Levels for 17-Dec-2024🔹 Previous Day's Plan vs Actual (16-Dec-2024): In yesterday's plan, we identified the No Trade Zone near 24,696-24,750 and the Opening Resistance at 24,830, expecting sideways movement if prices hovered in this range. As seen in the chart, the price respected the No Trade Zone, consolidating before a pullback. The Opening Intraday Support at 24,526 provided a critical holding point, and prices staged a rebound. Today's plan will analyze multiple opening scenarios, key levels, and likely trends, helping traders prepare for action. 🔹 Nifty 50 Trading Plan for 17-Dec-2024: Scenario 1: Gap Up Opening (100+ points) If Nifty opens above 24,750 (No Trade Zone), the next critical resistance is at 24,830 (Opening Resistance). Sustaining above this level on an hourly candle close can trigger sharp short-covering, leading the index toward 25,041 (Profit Booking Resistance for 25,630). 🔹 Plan of Action: Wait for the first 15-30 minutes to observe if the gap up sustains. Enter long positions above 24,830 only if prices hold for an hourly close. Immediate stop loss can be placed just below 24,750 for risk control. 🔹 Bullish Continuation Target: Immediate Target: 25,041. 🔹 Risk Management: For options traders, consider ATM or slightly ITM CE options to manage premium decay. Avoid chasing the opening; let a pullback confirm strength. Scenario 2: Flat Opening (near 24,648-24,696) If Nifty opens flat, the No Trade Zone at 24,696-24,750 will play a critical role. This zone might act as a sideways region (Yellow Trend) if prices struggle to break out. 🔹 Plan of Action: Stay cautious inside the No Trade Zone as there may be choppy moves. A breakout above 24,750 or a breakdown below 24,526 will signal the direction. Go long above 24,750 with a stop loss below 24,696. Go short below 24,526, targeting 24,484 and lower levels. 🔹 Bullish or Bearish Confirmation: Bullish breakout: Above 24,750. Bearish breakdown: Below 24,526. 🔹 Risk Management: Use defined stop losses, and avoid overleveraging positions. For options, consider buying spreads to reduce premium risk. Scenario 3: Gap Down Opening (100+ points) If Nifty opens near or below 24,526 (Opening Intraday Support), the 24,484 and 24,309 levels will act as crucial supports. 🔹 Plan of Action: Observe price action at 24,526. If support holds, expect a bounce back toward 24,696. If 24,526 breaks, initiate short positions targeting 24,484 and 24,309. If prices drop below 24,309 (Last Intraday Support), it could lead to a sharp decline (Red Trend). 🔹 Key Levels for Shorts: Immediate Targets: 24,484 → 24,309. 🔹 Risk Management: Manage trades with strict stop loss above 24,526 for shorts. For options traders, consider buying OTM PE options for risk-limited trades. 🔹 Risk Management Tips for Options Traders: Avoid holding positions overnight in volatile market conditions. Use defined stop losses and trail profits to protect gains. Prefer spreads (CE/PE spreads) instead of naked buying to manage risk and decay. Wait for hourly candle closes at critical levels for better confirmation. 🔹 Summary & Conclusion: Above 24,750, expect bullish continuation towards 25,041. Flat opening inside the No Trade Zone requires caution; wait for breakout/breakdown. Below 24,526, bears can take control, with levels 24,484 and 24,309 acting as key supports. Watch price action near support/resistance and avoid random entries. 🔹 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Traders are advised to conduct their research or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 17th DecemberNifty opened with a minor gap-down and after consolidating Nifty broke our Sell level 24670 on downside and made a low around 24600. Traders followed the idea must have booked profit in Sell side. For tomorrow, if Nifty sustains below 24600 we may see further downside towards 24550 and below marked levels. On the other side, if Nifty breaks 24710 on upside we may see 24760 and above marked levels on the chart. Expectations: Range bound day Intraday Levels: Buy Above - 24710 Sell Below - 24600 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty Intraday Trade Setup | 16th DecemberNifty opened with a minor gap-down and gave a breakdown in morning which dragged Nifty below 24200. However Nifty took support near 24180 and gave strong reversal, went initially till day high 24520 and after breakout we saw rally in Nifty towards 24792. For tomorrow, if Nifty sustains above 24810 we may see further rally towards 24860 and upper marked levels. On the other side, if Nifty broke 24670 on downside we may see 24620 and below marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24810 Sell Below - 24670 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
3
Nifty Intraday Support & Resistance Levels for 16.12.2024On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive, signalling strength in the short term. Demand/Support Zones Far Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 (tested) Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Note: Resistance at 24700 breached: Nifty crossed this critical level and closed above it, a positive sign. Since Nifty is now trading within the Weekly Supply Zone (24567.65 - 25234.05), staying cautiously optimistic is recommended.
NSE:NIFTY
by PriteshPal
NIFTY : Trading Plan and levels for 16-Dec-2024Trading Plan for Nifty 16-Dec-2024 Intro: Yesterday's Plan vs Actual The chart uploaded for 15-Dec-2024 accurately depicted the market's movement. As anticipated, Nifty faced sharp recovery from mentioned zone after a sharp decline in prices. Monday’s plan builds on these insights, focusing on opening scenarios and trading strategies. Plan for Different Opening Scenarios Scenario 1: Gap-Up Opening (100+ Points Above 24,781) If Nifty opens significantly higher, near or above 25,053 : Expect resistance around 25,053 (marked red on the chart). Observe for rejection signals such as bearish candles or reduced buying momentum. Plan of Action: For aggressive traders: Initiate a short position with a target of 24,767 , placing a stop-loss above 25,100 on an hourly candle close basis. For conservative traders: Wait for a pullback toward the consolidation zone ( 24,653 - 24,767 ) for potential long positions, targeting a retest of 25,053 . Watch out for a decisive breakout above 25,053 , which can trigger further bullish momentum toward 25,335 . Scenario 2: Flat Opening (Near 24,781) If Nifty opens near the previous close: The consolidation zone ( 24,653 - 24,767 ) will act as a critical area. Plan of Action: Initiate long positions if Nifty sustains above 24,767 with targets of 25,053 . Place stop-loss below 24,653 . If Nifty slips below 24,653 , short positions can be considered with a target of 24,542 . Ensure a tight stop-loss above 24,653 . Pay attention to the price action in the yellow trend zone, as sideways movement could lead to traps. Scenario 3: Gap-Down Opening (100+ Points Below 24,781) If Nifty opens near 24,542 or lower: 24,542 is the opening support level (marked green on the chart). Observe for sharp recovery signs like bullish engulfing candles. Plan of Action: For bulls: Look for a recovery from 24,542 to target 24,653 with a stop-loss below 24,500 . If 24,542 breaks decisively, expect bearish momentum toward 24,217 . In this case, initiate shorts with a target of 24,217 and stop-loss above 24,542 . Risk Management Tips for Options Trading Avoid taking positions during the first 15-30 minutes of market opening to avoid false moves. For intraday options trading, use at-the-money or slightly in-the-money options to minimize time decay impact. Set a fixed risk percentage (e.g., 2-3% of your capital) per trade. Stick to it strictly. Avoid holding positions beyond your planned targets. Use trailing stop-losses to lock in profits during trending moves. Summary and Conclusion The key zones to watch today are: Support: 24,542 , 24,653 . Resistance: 25,053 , 25,335 . Green trend indicates bullish potential, yellow for sideways movement, and red for bearish scenarios. Adapt to price action at critical levels and prioritize proper risk management. Disclaimer: I am not a SEBI-registered analyst. All views are for educational purposes only. Traders should conduct their own analysis or consult with their financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Support & Resistance Levels for 13.12.2024On Thursday, Nifty opened negative, attempting a recovery with a high of 24675.25, but succumbed to selling pressure, hitting a low of 24527.95. It closed at 24548.70, losing 93 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Resistance at 24700: Nifty is struggling to break this level. A failure to sustain above it may lead to a drop toward the 24370 zone or lower.
NSE:NIFTY
by PriteshPal
NIFTY : Trading levels and plan for 13-Dec-2024Introduction In the previous day's plan, we analyzed the Nifty 50 Index and identified key support and resistance levels. The chart highlighted a sideways trend in the yellow zone, a bullish trend in the green zone, and a bearish trend in the red zone. The actual price movement today followed the anticipated path, consolidating within the highlighted zones and providing opportunities for both long and short trades. Trading Plan for 13-Dec-2024 Gap Up Opening (100+ points) If Nifty opens with a gap up above 24,711.00, it is crucial to watch for a retest of the last and important resistance for intraday at 24,735.00. If the price sustains above this level, initiate long positions targeting 24,940.00. Place a stop loss just below 24,711.00 to manage risk. If the price fails to sustain above 24,735.00 and shows signs of reversal, consider short positions targeting the opening support/resistance zone at 24,484.00. Monitor the price action closely and adjust stop losses to protect profits as the price moves in your favor. Flat Opening If Nifty opens flat around 24,539.50, observe the price action within the highlighted yellow zone. A breakout and sustained movement above this range can pave the way for Nifty to target levels of 24,711.00 and 24,735.00. Initiate long positions if the price breaks above the yellow zone with a stop loss just below the breakout level. If the price remains within the yellow zone, avoid taking new positions and wait for a clear breakout or breakdown. In case of a breakdown below the yellow zone, consider short positions targeting the support zone at 24,484.00. Gap Down Opening (100+ points) If Nifty opens with a gap down below 24,450.00, it is essential to watch for a retest of the opening support/resistance zone at 24,484.00. If the price fails to reclaim this level and shows signs of further weakness, initiate short positions targeting the extended zone for Wave C correction at 24,354.00. Place a stop loss just above 24,484.00 to manage risk. If the price sustains above 24,484.00 after a gap down, consider long positions targeting the yellow zone and monitor for a potential reversal. Adjust stop losses to protect profits as the price moves in your favor. Risk Management Tips for Options Trading Always use stop losses to limit potential losses. Avoid over-leveraging and trade within your risk tolerance. Diversify your trades to spread risk across different positions. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 13-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. For a gap-up opening, focus on sustaining above 24,735.00 for long positions. For a flat opening, watch for a breakout from the yellow zone. For a gap-down opening, monitor the 24,484.00 level for potential short positions. Implementing proper risk management strategies is crucial for successful options trading. Disclaimer I am not a SEBI registered analyst. The information provided is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Plan and levels for 12-Dec-2024NIFTY Trading Plan for 12-Dec-2024 Intro: Review of 11-Dec-2024 Plan vs Actual The trading plan for 11-Dec-2024 outlined key levels such as the Bullish Order Block (24,655–24,607) and the Liquidity Zone (24,820). As predicted, the market respected the "No Trade Zone" initially, followed by consolidation in the Liquidity Zone. The sideways movement highlighted by the yellow trend prevailed, with no significant breakout or breakdown occurring during the session. The Profit Booking Zone at 25,053 remained untouched. This demonstrates the importance of waiting for clear confirmation before executing trades. Today's updated chart builds upon these levels and provides actionable insights for 12-Dec-2024 based on anticipated price movements. Opening Scenarios and Plan for 12-Dec-2024 Gap Up Opening (+100 points or more above 24,652): If the market opens above 24,750: Resistance Zone: Immediate resistance remains at 24,820 (Liquidity Zone). Price could either consolidate here or witness selling pressure. Monitor price action for clear breakout signals. Action Plan: Avoid long entries near the Liquidity Zone unless a breakout above 24,940 is confirmed. Short positions can be initiated on rejection from 24,820, targeting 24,652. Alternate Scenario: Sustained movement above 24,940 indicates bullish momentum, with targets at the Profit Booking Zone (25,053). Yellow trend highlights a cautionary approach in consolidation zones. Flat Opening (Near 24,629–24,652): If the market opens flat: No Trade Zone: Expect price to oscillate within 24,629–24,652, indicating indecisiveness. Avoid trading in this range. Bullish Scenario: A confirmed breakout above 24,652 with a retest offers long opportunities, targeting the Liquidity Zone at 24,820. Bearish Scenario: A breakdown below 24,541.65 suggests bearish momentum, with potential shorts targeting Buyer’s Strong Support at 24,374–24,338. Yellow trend signals limited movement; wait for breakouts for better trades. Gap Down Opening (-100 points or more below 24,541.65): If the market opens below 24,450: Support Zone: The critical support lies at 24,374–24,338, aligning with Buyer’s Strong Support near the CHoCH level. Action Plan: Look for reversal signs near the support zone to initiate long trades with a tight stop loss below 24,300, aiming for 24,541.65. Alternate Scenario: If this support fails, avoid aggressive longs and wait for stabilization before entering. Red trend suggests bearish momentum; trade cautiously. Tips for Risk Management in Options Trading Use predefined stop losses to cap potential losses. For example, place stops below 24,541 for bullish trades and below 24,300 for reversal trades. Avoid trading during the first 15 minutes to allow for market direction to emerge. For option buyers, select ATM or slightly ITM options to reduce the impact of time decay. Maintain a 1:2 or higher risk-reward ratio to ensure consistent profitability. Position sizing should align with your risk tolerance to handle volatile price swings. Summary and Conclusion The NIFTY index remains in a consolidation phase with critical levels identified for bullish and bearish scenarios. Liquidity Zone (24,820) and Buyer’s Support (24,374–24,338) are key areas to monitor for actionable trades. Avoid trading in indecisive zones and wait for clear breakouts or breakdowns. Effective risk management remains crucial, especially in volatile markets. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please conduct your own research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Plan and levels for 11-Dec-2024Trading Plan for Nifty on 11-Dec-2024 Intro for the Previous Day's Chart Pattern : On 10-Dec-2024, Nifty exhibited a mixed trend with a sharp shift in demand zones. The chart revealed a significant buyer's support near the CHoCH (Change of Character) level, with a consolidation phase observed in the "No Trade Zone." The yellow trend marked sideways action, while green and red trends indicated bullish and bearish movements, respectively. The index also faced resistance in the liquidity zone, signaling profit-booking scenarios. Trading Plan for 11-Dec-2024 : Gap-Up Opening (+100 points or more above 24,620): A gap-up opening above 24,720 would position the index near the liquidity zone. Traders should: Wait for the first 15-30 minutes to observe price stability. If Nifty sustains above 24,780 (liquidity zone), initiate long trades targeting 24,891 (Resistance/Profit Booking Zone). Place a stop loss below 24,652 (Opening Resistance/Support Zone) on a closing basis. If prices face rejection near 24,820 , wait for a bearish hourly candle to confirm a downside move towards 24,680 . Avoid aggressive buying in the resistance zone. Flat Opening (near 24,620): A flat opening suggests indecision. Plan of action: Let the market settle for 15-30 minutes within the "No Trade Zone." Breakout above 24,652 can lead to bullish momentum, targeting 24,780 and higher. Breakdown below 24,541 could initiate bearish moves targeting 24,374 and 24,338 . Risk management is crucial here; tight stop losses are essential to avoid unnecessary losses. Gap-Down Opening (-100 points or more below 24,620): A gap-down opening near 24,500-24,480 will likely test the buyer's strong support zone around 24,374 . Actions to consider: If Nifty holds above 24,374 , initiate long trades for a reversal, targeting 24,541 (Opening Support Zone). If the index breaches 24,338 , prepare for further downside with targets at 24,280 . Wait for clear rejection or reversal patterns to confirm your entries. Avoid panic-selling in bearish moves. Tips for Options Trading Risk Management: Trade with defined stop losses and avoid holding positions beyond your risk appetite. Use "ATM" (At-The-Money) options for quicker returns in trending markets. For sideways trends, prefer strategies like straddle or strangle. Avoid over-leveraging, and never risk more than 2-3% of your trading capital on a single trade. Summary and Conclusion: Nifty's movement on 11-Dec-2024 will hinge on its ability to sustain critical zones like 24,652 and 24,374 . While green trends indicate bullish potential, red trends signal caution for bearish moves. Adhering to risk management principles and waiting for clear price action confirmation will enhance your trade quality and reduce unnecessary losses. Disclaimer: I am not a SEBI-registered analyst. All information provided is based on personal research and is for educational purposes only. Traders should perform their own analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
1
Nifty Intraday Support & Resistance Levels for 11.12.2024On Tuesday, Nifty opened on a slightly positive note, bulls took over during the first hour, reaching a high of 24677.80. However, it couldn’t sustain the momentum and dropped to a day low of 24510.65. A late-session recovery saw it close at 24610.05, losing just 9 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, indicating resilience in the short term. Demand/Support Zones Near Demand/Support Zone (15m): 24295.55 - 24376.65 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPal
Nifty Intraday Trade Setup | 10th DecemberNifty opened with gap-down near our buy level 24640 but gave a sharp bounce towards 24705 and then started falling. Nifty broke our sell level 24640 and hit 1st target on sell side at 24590. After that it was trading in a range. For tomorrow, we will look for the sell opportunity either from 24700 - 24690 or if breaks 24580 for the targets of 24530 and below marked level on the chart. Expectations: Trending day Intraday Levels: Buy Above - Sell on rise Sell Below - 24580 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
1