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Niftyintradaytradesetup

Nifty Intraday Support & Resistance Levels for 08.01.2025On Tuesday, Nifty opened with a gap-up but traded within a narrow range, touching a high of 23,795.50 and a low of 23,637.80. The index ended the session at 23,707.90, gaining 92 points over the previous close. Both, the Weekly and Daily Trends (50 SMA) remain sideways, indicating a lack of strong directional momentum. Demand/Support Zones Near Support Level: 23,263 (Low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook After recent volatility, the Nifty appears to be consolidating within a narrow range. A break above the 24,400 resistance could trigger further upside, while support at 22,900 - 23,200 remains critical for bulls to defend. Watch these levels for potential breakout or breakdown opportunities.
NSE:NIFTY
by PriteshPalan
NIFTY : Trading levels and Plan for 08-JAN-2025Nifty Trading Plan for 08-Jan-2025 Intro: Review of 07-Jan-2025 Plan Yesterday's trading plan accurately highlighted the Opening Resistance Zone (23,849-23,888) , which acted as a cap for bullish momentum, and the Opening Support Zone (23,673-23,604) , which provided a bounce. The market respected these levels with a predominantly sideways movement (Yellow Trend). The Best Buying Zone (23,251-23,362) remained untouched, keeping the downside potential intact. For 08-Jan-2025, we focus on three opening scenarios: Gap-Up, Flat, or Gap-Down, with actionable strategies and clear risk management guidelines. Opening Scenarios: Gap-Up Opening (100+ points above previous close): If Nifty opens above 23,888 , the Opening Resistance Zone (23,849-23,888) will likely act as a critical area. A breakout above 23,888 with volume could push Nifty toward the next resistance at 24,081 . Go long on confirmed breakout candles with small retracements. A rejection near 23,888 could result in a pullback to test 23,673-23,604 . Wait for reversal confirmation before entering short positions. less Copy code Risk Management Tip: Avoid aggressive CE buying after a large gap-up; instead, use intraday dip-buying strategies or spreads for better risk control. Flat Opening (Near previous close): A flat opening around 23,694 could lead to a range-bound session (Yellow Trend). This scenario requires patience and precise execution: A bullish breakout above 23,849 could lead to upside momentum, targeting 23,888 and 24,081 . On the downside, a breakdown below 23,604 could initiate bearish momentum, with targets at 23,483-23,518 . vbnet Copy code Risk Management Tip: Use option straddle strategies to benefit from potential sideways movements. Avoid overtrading in choppy market conditions. Gap-Down Opening (100+ points below previous close): If Nifty opens below 23,604 , focus on the Opening Support Zone (23,483-23,518) for potential reversals. A bounce from 23,483-23,518 can provide a buying opportunity, targeting 23,604 and above. A breakdown below 23,483 may trigger a bearish trend (Red Trend) toward the Best Buying Zone (23,251-23,362) . Wait for proper confirmation before initiating short trades. less Copy code Risk Management Tip: For gap-down scenarios, use PE options or bear put spreads with defined risks. Be cautious of sharp reversals after a gap-down. Key Levels to Watch: Support Zones: 23,673-23,604, 23,483-23,518, and 23,251-23,362. Resistance Zones: 23,849-23,888 and 24,081. Summary & Conclusion: Nifty is trading within a structured range, offering clear opportunities for intraday trades based on levels. Stick to disciplined execution, and do not chase trades without confirmation. Use options strategies to manage risk and maximize returns in volatile conditions. 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:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 6th January 2025Nifty opened flat, morning opening price was the day high and Nifty started falling soon after open. Nifty made low around 23975 and closed new day low. Tomorrow, Buy Nifty if sustains above 24055 for the targets of 24105 and above marked level. On the other side, Sell Nifty if sustains below 23920 for the targets of 23850 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24055 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
4
Nifty Intraday and Swing Trade Analysis For 06/01/25 And weekly In this post, I’m sharing my detailed analysis of Nifty 50’s recent price action, focusing on intraday and swing trades. This setup incorporates technical patterns, volume confirmation, and Smart Money Concepts (SMC) to identify high-probability trade opportunities. Key Observations Bearish Momentum Across Timeframes: Both daily and intraday charts show strong bearish trends validated by supply zones and volume spikes. Critical Levels Identified: Resistance: 24,200 - 24,400 (Supply Zone). Support: 23,950 (Intraday) and 23,700 - 23,500 (Swing Levels). Volume Profile: Volume spikes on breakdowns confirm institutional involvement. Trade Plan: Intraday Scenario 1: Sell Below 23,950 Entry: Below 23,950 (confirmed breakdown). Stop Loss: Above 24,050. Target 1: 23,900. Target 2: 23,850. Rationale: Break below 23,950 signals bearish continuation with strong seller dominance. Scenario 2: Buy Above 24,050 Entry: Above 24,050. Stop Loss: Below 23,950. Target 1: 24,100. Target 2: 24,150. Rationale: Reclaiming 24,050 indicates a potential bullish reversal. Confidence Level: Moderate (requires strong buying volume). SWING TRADING Scenario 1: Swing Sell Below 23,900 Entry: Below 23,900. Stop Loss: Above 24,150. Target 1: 23,700. Target 2: 23,500. Rationale: A breakdown below 23,900 aligns with the long-term bearish structure and supply rejection. Scenario 2: Swing Buy Above 24,200 Entry: Above 24,200. Stop Loss: Below 24,000. Target 1: 24,400. Target 2: 24,600. Rationale: Clearing the supply zone at 24,200 would confirm a trend reversal. Confidence Level: Moderate. Advanced Concepts Used Smart Money Concepts (SMC): Supply Zone: 24,200 - 24,400. Demand Zone: 23,700 - 23,500. Liquidity Trap: Below 23,950. Volume Confirmation: Selling volume spikes during breakdowns confirm bearish moves. Low-volume retracements suggest weak buying interest. Indicators: RSI: Below 50 on daily charts, supporting bearish momentum. MACD: Bearish crossover on daily charts aligns with the trend. Moving Averages: Price below the 20 EMA and 50 EMA reinforces bearish bias. Why This Trade Setup Stands Out This analysis combines the best of price action, volume confirmation, and advanced SMC tools. Each level and decision is backed by data and market behavior, ensuring a methodical approach to trading. Disclaimer The views and trade ideas shared in this post are for informational and educational purposes only. They are not financial advice and should not be construed as a recommendation to buy, sell, or hold any securities or financial instruments. Trading involves significant risk, and you should carefully consider your financial situation, objectives, and risk tolerance before making any trading decisions.
NSE:NIFTYShort
by thirdeyecs
2
NIFTY : Trading Levels and plan for 06-Jan-2025 Nifty Trading Plan for 6-Jan-2025 Introduction The chart shared yesterday highlighted key zones and potential movements. The Opening Resistance Zone of 24,312 acted as a strong supply area, while the Support Zone between 23,970-24,016 was well respected. Actual price movement closely aligned with the predicted Yellow (Sideways) and Green (Bullish) trends, allowing traders to capitalize on the directional moves. Today’s chart brings us new levels and strategies for varying opening scenarios. Let's dive into the details for 6-Jan-2025! Trading Plan for 6-Jan-2025 Gap-Up Opening (100+ Points Above 24,016): If Nifty opens with a significant gap-up: Immediate resistance lies at 24,170-24,196. Wait for price action near this level. Bullish Scenario: If prices sustain above 24,196 for 15 minutes, enter a long position with targets at 24,312 and 24,550. Use a stop-loss below 24,170. Sideways Possibility: If price struggles near 24,170, expect a sideways trend, as shown in Yellow. Avoid overtrading here. Flat Opening (Near 23,990): If Nifty opens flat: The key Opening Support Zone is at 23,973-23,902. This area serves as a no-trade zone unless there is a clear breakout or breakdown. Bullish Scenario: Look for sustained buying above 24,016, targeting 24,170 initially and then 24,312. Bearish Scenario: If prices fall below 23,902, expect a move toward the next support zone at 23,814. Use a tight stop-loss above 23,902. Gap-Down Opening (100+ Points Below 23,970): If Nifty opens with a gap-down: Immediate focus should be on the First Support Zone at 23,814. Bearish Scenario: If prices fail to hold 23,814, expect a sharp move toward 23,623 (Last Intraday Support). Bullish Reversal Opportunity: If prices recover quickly and reclaim 23,970, consider going long for a target of 24,016. Stop-loss below 23,814. Avoid aggressive shorting unless price action confirms weakness below 23,814. Risk Management Tips for Options Traders: Use smaller lot sizes to manage risk during volatile openings. Focus on ATM (At the Money) options to reduce premium decay in uncertain conditions. Avoid trading during the first 15 minutes unless clear trend confirmation is seen. Always maintain a stop-loss and adhere to it. Summary and Conclusion: Today’s plan focuses on the key zones of resistance and support. The Opening Resistance Zone at 24,170-24,196 will be crucial for bullish continuation, while the Support Zones at 23,814 and 23,623 must be monitored for bearish breakdowns. Follow the Yellow, Green, and Red trends for guidance, and remember to prioritize risk management over aggressive trades. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders are advised to conduct their analysis or consult a financial advisor before executing any trades.
NSE:NIFTY
by LiveTradingBox
NIFTY : Trading levels and Plan for 03-Jan-2024 Intro: Previous Day's Plan vs. Actual Chart Movement In the trading plan for 2-Jan-2025, key levels worked exactly as predicted in plan Price movement respected these levels, The bullish structure remained intact for the day, with significant opportunities for intraday gains. Trading Plan for 3-Jan-2025 If Market Opens Gap Up (100+ Points Above Previous Close): A gap-up opening above the Opening Resistance Zone (24,312) signals strength. Monitor price behavior for consolidation or sustained trading above this level. Sustaining above 24,312 could lead to a move towards the Last Resistance for Intraday (24,559) . If prices fail to hold above 24,312 and retrace, expect a pullback toward the Opening Support/Resistance Zone (24,159-24,167) . 📈 Action Plan: Look for long positions above 24,312 after a 15-minute candle close. Use stop loss at 24,167. Avoid short positions unless there’s clear rejection with bearish confirmation. 📊 Trend Indicators: Green: Bullish Move Expected. If Market Opens Flat (Near Previous Close): Observe price action near the Opening Support/Resistance Zone (24,159-24,167) . Sustained trading above this zone could trigger a move toward 24,312 . A breakdown below 24,159 would indicate weakness, and prices could test the Opening Support Zone (24,016-24,058) . 📈 Action Plan: For long trades, wait for price to break above 24,167 and confirm with volume. Use stop loss at 24,016. For short trades, consider entry below 24,159 with a target of 24,016 and a stop loss at 24,167. 📊 Trend Indicators: Yellow: Sideways Trend Expected. If Market Opens Gap Down (100+ Points Below Previous Close): A gap-down opening near 23,970 or the lower end of the Opening Support Zone (24,016-24,058) might provide a recovery opportunity. Monitor price action for a bounce back to 24,159. If prices fail to sustain above 23,970, expect further downside toward the Last Intraday Support (23,815) . 📈 Action Plan: For long positions, wait for recovery above 23,970 with bullish confirmation. Use stop loss at 23,815. For short trades, consider entry below 23,970 with a target of 23,815 and a stop loss at 24,016. 📊 Trend Indicators: Red: Bearish Move Expected. Risk Management Tips for Options Trading: Always calculate position sizing based on risk tolerance. Use stop-loss orders to minimize losses, especially in high-volatility scenarios. Avoid overtrading; wait for clear confirmation of price action before entering trades. For intraday options, consider exiting positions by 3:15 PM to avoid overnight risk. Summary and Conclusion: The key levels for Nifty on 3-Jan-2025 are: Resistance: 24,312 and 24,559. Support: 24,016-24,058 and 23,815. Use price action and trend behavior (Green for bullish, Yellow for sideways, and Red for bearish) to guide your trades. Stick to the plan, and prioritize risk management. Disclaimer: This trading plan is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY - Hajaari TradeHajaari Trade in Nifty seems active , provided it remains above 24K Level for next 3-4 Days! NIFTY Staying above our Hajaari (Thousan Level) Trade since 31 Dec 2024. Perfect Set up for our Hajaari Trade. Let's Ride the trend for 800 to 1k points from last Monthly Expiry. Eyeing for 25500 Level with Bearish Expiry view this month End. Let's see how market responds! This Chart is for educational purpose & not a buy/sell recommendation. Nifty may remain Bullish this month till 15 Jan, we may see a reversal basis Budget Movements. This is a Big yearly event which result in throwing Technical out of the window. Technical Analysis may not work on Event Days like Budget, Election, Monitory Policy Review, RBI/ FED Interest Rat Decisions, etc. It is advised to check out Economic Calendar before planning a Trade! Thank You
NSE:NIFTYLong
by Saishayu_Option_Scalpers
NIFTY : Trading Levels and Plan for 02-Jan-2025WISH YOU ALL A VERY HAPPY NEW YEAR 2025 Introduction In the previous trading session, we analyzed Nifty's key support and resistance levels for 1-Jan-2025. The chart provided a clear view of potential price movements under various scenarios. Yellow trends indicated sideways movement, green trends represented bullish behavior, and red trends highlighted bearish trends. Based on the chart for 1-Jan-2025, the actual price action unfolded as expected, staying within the highlighted zones and offering valuable insights for traders. Trading Plan for 2-Jan-2025 Gap-Up Opening (100+ points) If Nifty opens with a gap-up above 23,837 (No Trade Zone's upper band), observe the first 15-minute candle for confirmation. If the price sustains above 23,837, expect a bullish trend targeting the Resistance Zone at 23,998 and further towards 24,068 for profit booking. Place a stop loss just below 23,837 to manage risk and protect capital. If the price fails to sustain above 23,837, expect a potential pullback towards the No Trade Zone. Monitor closely for any reversals within the zone. Avoid taking positions inside the No Trade Zone unless a clear breakout or breakdown is visible. Flat Opening If Nifty opens flat near 23,758 (current market price), observe the price action for the first 15 minutes. A breakout above 23,837 indicates bullish momentum towards 23,998 and 24,068, following the same plan as the gap-up scenario. A breakdown below 23,699 (No Trade Zone's lower band) may signal a bearish move towards the Opening Support Zone at 23,617–23,640 and further towards 23,537. Place a stop loss just above the breakdown or breakout levels to manage risk. Wait for a confirmation candle (closing basis) before entering trades to avoid false signals. Gap-Down Opening (100+ points) If Nifty opens with a gap-down below 23,699, observe the first 15-minute candle for confirmation. If the price sustains below 23,699, expect a bearish continuation targeting the Opening Support Zone at 23,617–23,640 and further towards the critical support at 23,537 (reversal zone). Place a stop loss above 23,699 to manage risk. If the price fails to sustain below 23,699, anticipate a pullback towards 23,837 and monitor for potential reversals in this region. Avoid taking impulsive trades at open; let the levels guide your entries and exits. Risk Management Tips for Options Trading Always use stop losses to minimize potential losses. Avoid over-leveraging; trade within your capital limits and risk tolerance. Monitor implied volatility and time decay when trading options. Diversify your trades to reduce exposure to single-direction risks. Stick to your plan and avoid emotional decisions. Summary and Conclusion The trading plan for 2-Jan-2025 revolves around identifying key levels and understanding price behavior under various opening scenarios (Gap Up, Flat, or Gap Down). The No Trade Zone highlights areas to avoid unless clear trends are visible. Follow the highlighted trends: yellow for sideways, green for bullish, and red for bearish movements. By employing proper risk management and adhering to this plan, traders can make informed decisions and navigate market conditions effectively. Disclaimer : I am not a SEBI-registered analyst. This trading plan is for educational purposes only and should not be construed as financial advice. Always conduct your research and consult a professional financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading levels and Plan for 31-Dec-2024[ Intro: Review of Previous Plan (30-Dec-2024) Check plan V/s Actual performance for 30-Dec-2024 here : . b]Trading Plan for Nifty - 31-Dec-2024 Key Color Codes in the Plan: Yellow Trend: Sideways Green Trend: Bullish Red Trend: Bearish Trading Plan for 31-Dec-2024: Scenario 1: Gap-Up Opening (100+ points above 23,768) If Nifty opens above 23,768 , the price is expected to move towards the Last Resistance for Intraday (23,866) . Observe price action near 23,866 ; a breakout with sustained volume can trigger a long position targeting the Resistance for sideways at 24,010–24,058 . If rejection occurs at 23,866 , look for bearish patterns (e.g., evening star or bearish engulfing). Initiate a short trade with a target of 23,737 . Place a stop-loss 20 points beyond the breakout/rejection level to manage risk. Scenario 2: Flat Opening (23,636–23,768) A flat opening indicates indecision, and the market is likely to remain within the Yellow sideways zone . Avoid trading aggressively in the Opening Resistance/Support zone (23,737–23,768) . Wait for a breakout above 23,768 to initiate long positions , targeting 23,866 . On the downside, a breakdown below 23,636 could lead to bearish momentum towards the Buyer’s Support zone at 23,427 . Initiate short trades if the price sustains below 23,636 , with a stop-loss above 23,700 . Scenario 3: Gap-Down Opening (100+ points below 23,604) A gap-down below 23,604 could lead to bearish pressure, testing the Buyer’s Support zone at 23,427 . Observe reversal patterns (e.g., hammer or bullish engulfing) at 23,427 . If confirmed, initiate long trades targeting 23,604 . If the support fails, further bearish action could drive the price towards 23,320 . Enter short trades on confirmation of the breakdown, with a stop-loss above 23,500 . Risk Management Tips for Options Trading: Focus on in-the-money options to reduce the impact of time decay in sideways markets. Use hedged strategies like iron condors to capitalize on low volatility within the sideways trend. Always calculate your maximum loss and ensure it does not exceed 2% of your trading capital . Avoid holding positions overnight without clear directional bias in the market. Summary and Conclusion: The key levels for tomorrow’s trading session are 23,768 on the upside and 23,427 on the downside. Patience is critical within the Yellow sideways zone ; wait for clear breakouts or breakdowns. Use defined stop-loss levels to minimize risk and maximize reward. Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please conduct your analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty analysis for intraday 31/12/2024.Nifty has been trading in a range for the last 7 trading sessions. Index is trading around the 20 EMA and giving sharp recovery on both sides. Today it has closed below the moving averages. If the market starts trading below the No trading zone, bearish entry can be created for next support levels. On the upper side the break out 23900 can clear the round number figure and test the Daily 20 EMA. Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
NIFTY : Trading levels and Plan for 30-Dec-2024Trading Plan for Nifty - 30-Dec-2024 Intro: Review of Previous Plan (27-Dec-2024) In the previous trading plan, we highlighted key zones, including the No Trade Zone (23,761–23,830) , the Last Intraday Resistance (24,010–24,058) , and the Buyer’s Support at 23,427 . As evident in the uploaded chart, Nifty traded within the highlighted zones, respecting the identified levels. The sideways momentum (Yellow trend) continued for most of the session, and an intraday attempt to breach the resistance zone was met with selling pressure, resulting in a close near the No Trade Zone. Key Color Codes in the Plan: Yellow Trend: Sideways Green Trend: Bullish Red Trend: Bearish Trading Plan for 30-Dec-2024: Scenario 1: Gap-Up Opening (100+ points above 23,930) If Nifty opens above 23,930 , the market will be entering a bullish momentum zone. Look for a retest of the 24,010–24,058 resistance zone. If the resistance is broken and sustained (hourly close above 24,058), initiate a long position targeting the retracement profit-booking resistance at 24,310 . Place a stop-loss below the breakout level at 23,980 . If the resistance holds, wait for rejection signals (red bearish candles) to initiate a short trade with a target of 23,761 . Scenario 2: Flat Opening (23,800–23,850) A flat opening indicates consolidation within the No Trade Zone (23,761–23,830) . Avoid aggressive entries until Nifty decisively breaks out of the zone. A breakout above 23,830 may signal a bullish move toward 24,010 . Look for confirmation with volume before entering a long trade . On the downside, a breakdown below 23,761 could push Nifty toward 23,636 , the Last Intraday Support. In this case, initiate a short position with a stop-loss above 23,800 . Scenario 3: Gap-Down Opening (100+ points below 23,730) A gap-down opening below 23,730 signals bearish momentum. Observe if the price approaches the Buyer’s Support at 23,427 . If the support holds, watch for reversal patterns (e.g., hammer or bullish engulfing) to initiate a long position targeting 23,761 . A breakdown below 23,427 could extend the bearish trend to 23,300 or lower. Initiate a short trade if the breakdown is confirmed with a stop-loss above 23,500 . Risk Management Tips for Options Trading: Use defined risk strategies such as debit spreads to limit potential losses. Avoid holding positions close to expiry to reduce time decay impact. Trade with 1–2% of your total capital per trade to manage exposure. Be cautious of high IV (Implied Volatility) spikes during gap openings. Summary and Conclusion: The plan emphasizes trading with confirmation signals and respecting highlighted zones. Stay disciplined in the No Trade Zone to avoid unnecessary risks. Follow the breakout and breakdown scenarios with defined stop-loss levels to maintain a favorable risk-reward ratio. Disclaimer: I am not a SEBI-registered analyst. All views are for educational purposes only. Traders are advised to do their analysis or consult with a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
#NIFTY50 TRADE SETUP - 30TH DECEMBER !!Nifty 50 Chart Analysis - 1 day Chart VieW NSE:NIFTY Nifty 50 Chart Analysis - Detailed Breakdown Key Observations: 1. Current Price Zone: The Nifty index is trading at 23,832, with the price consolidating near recent lows. 2. Key Resistance Zones: - 24,197.50: A significant resistance level, aligning with prior price rejections and a potential reversal area. - 24,069.95: Intermediate resistance that needs to be cleared for bullish continuation. 3. Key Support Zones: - 23,586.25: A strong support zone where buyers might step in, preventing further downside. - 23,262.15: A deeper support level, marking the lower boundary of the recent bearish structure. 4. Market Sentiment: The price action indicates uncertainty, with equal probabilities of breakout above the resistance or breakdown below support. Price Movement Summary: - Upside Potential: A breakout above 24,197.50 could push the index towards 24,300+ levels. Thiszone has been highlighted in the chart as a bullish target area (marked in red box). - Downside Risk: If the index breaks below 23,586.25, it could test 23,262.15 or lower, as depictedin the bearish target zone. Trading Plan: 1. Bullish Plan: - Entry: Above 24,069.95. - Target 1: 24,197.50. - Target 2: 24,300+. - Stop-Loss: Below 23,961.55 (current pivot zone). 2. Bearish Plan: - Entry: Below 23,586.25. - Target 1: 23,536.60. - Target 2: 23,262.15. - Stop-Loss: Above 23,832.45. Summary: - Nifty is at a critical juncture, with immediate resistance at 24,069.95 and support at 23,586.25. - Traders should wait for confirmation (breakout or breakdown) before initiating positions. - Risk management is crucial as the index approaches year-end volatility. Disclaimer: This content is for educational purposes only. It is not a recommendation to buy or sell any financial instrument.The creator is not a SE-BI-registered advisor. Please consult with a certified professional before making investment decisions.
NSE:NIFTYLong
by thetradeforecast
1
NIFTY : Trading levels and plan for 27-Dec-2024Trading Plan for Nifty – 27-Dec-2024 Intro: Yesterday's Plan vs. Actual In yesterday’s plan, we highlighted the Golden Retracement Zone (23,603-23,703) and Last Resistance Zone for Intraday (23,891) as key levels to watch. The market opened near the consolidation zone (Yellow Trend), showing initial resistance at 23,760. The breakout towards 23,891 confirmed our bullish outlook (Green Trend), while reversals near the Profit Booking Zone (24,018-24,058) validated the importance of profit-taking zones. Let’s now craft a detailed plan for 27-Dec-2024, keeping education and execution in focus. Detailed Trading Plan for 27-Dec-2024 Gap-Up Opening (+100 points or more above 23,850): A significant gap-up indicates strength, with Nifty likely testing the Last Resistance Zone for Intraday at 23,891. Sustained trading above 23,891 could lead to a rally toward the Profit Booking Zone at 24,018-24,058. This zone should be treated as a target for intraday traders, with potential reversals expected near 24,058. ⚠️ Action Plan: Avoid chasing the gap-up blindly. Instead, wait for a retest of 23,891 for long entries. If the price holds, aim for 24,018 and beyond. 💡 Risk Management Tip: Use trailing stop losses for options trades near resistance zones to lock in profits. Flat Opening (Near 23,760-23,850): A flat opening suggests indecision, with Nifty likely oscillating within the Golden Retracement Zone (23,703-23,760) initially. A breakout above 23,760 could push the index towards 23,891, while a breakdown below 23,703 may trigger bearish momentum towards 23,608. ⚠️ Action Plan: Observe the first 30 minutes of price action. For bullish trades, wait for confirmation of a breakout above 23,760. For bearish trades, look for rejection at 23,703, targeting lower levels. 💡 Risk Management Tip: Straddle or strangle strategies in options can be effective in such scenarios to capture directional moves. Gap-Down Opening (-100 points or more below 23,760): A gap-down opens the door for bearish moves, with immediate support at 23,608. A breakdown below 23,608 can extend the decline towards the Last Support Zone at Extended Retracement (23,495-23,446). Watch for potential reversals in this demand zone for contrarian trades. ⚠️ Action Plan: Avoid panic selling at the open. Look for a bounce at 23,495 for long entries with tight stop losses. If bearish momentum sustains below 23,495, initiate short trades targeting lower levels. 💡 Risk Management Tip: For bearish trades, consider bear put spreads to manage risk in a trending market. Summary and Conclusion For 27-Dec-2024, the key levels to watch are 23,891 on the upside and 23,608 on the downside. Gap-up openings need patience for confirmation, while flat and gap-down scenarios offer better risk-reward opportunities. Manage your trades with proper hedging strategies and always prioritize disciplined exits.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Plan and level for 26-Dec-2024Trading Plan for 26-Dec-2024 – Nifty Introduction: The trading plan for 25-Dec-2024 focused on critical zones identified on the uploaded chart. The Golden Retracement Zone (23,603–23,703) acted as a pivot for potential reversals, while the Last Resistance Zone for Intraday (23,891–23,933) served as a crucial barrier. The day saw the index testing the retracement zone, respecting support at 23,608 , and moving toward the resistance zone. The Yellow, Green, and Red trends indicated sideways, bullish, and bearish phases, respectively, providing actionable setups. Today’s plan builds on these zones with further analysis. Scenario 1: Gap-Up Opening (200+ Points) If Nifty opens above 23,933 : The index enters the Profit Booking Zone (24,043–24,078) , where strong resistance can lead to rejection ( Red Trend ). A sustained move above 24,078 could trigger bullish momentum ( Green Trend ). Action Plan: Look for shorting opportunities near 24,043 with a stop-loss above 24,100 , targeting 23,891 . If prices sustain above 24,078 , initiate long positions with a target of 24,200+ . If Nifty retraces back into the Last Resistance Zone (23,891–23,933) , watch for consolidation ( Yellow Trend ). Scenario 2: Flat Opening (Within 50 Points) If Nifty opens near 23,730–23,760 : Monitor price action at the Retracement Zone (23,608–23,703) . Action Plan: A breakdown below 23,608 can trigger bearish momentum toward 23,495 . Initiate shorts with a stop-loss above 23,640 . If prices sustain above 23,703 , look for long positions targeting 23,891 . Wait for the first 15-30 minutes for market sentiment before initiating trades. Scenario 3: Gap-Down Opening (200+ Points) If Nifty opens near 23,495–23,446 : The Last Intraday Support Zone is critical. Watch for bounce signals ( Green Trend ). Action Plan: Go long above 23,495 with a target of 23,608 . Use a stop-loss below 23,430 . If prices break 23,446 decisively, expect bearish momentum toward lower levels ( Red Trend ). Avoid aggressive trades until a clear direction is established. Risk Management Tips for Options Trading: Always trade with defined targets and stop-losses . Avoid over-leveraging, especially near resistance and support zones. Allow the market to settle for at least 15-30 minutes before initiating trades. Use trailing stop-losses to protect profits in trending moves. Trade with appropriate position sizing to limit losses. Summary and Conclusion: Nifty is trading near critical levels, and today’s trading plan highlights actionable zones for all opening scenarios. Focus on Golden Retracement and Resistance Zones for probable reversals and momentum plays. Patience and disciplined execution with proper risk management are key to capitalizing on market opportunities. Disclaimer: I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Traders are advised to conduct their research or consult a financial advisor before taking any positions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 26th DecemberNifty opened flat around 23740 and after consolidating between 23740 and 23700 we saw an up move towards 23850 which acted as resistance again. Tomorrow, Buy Nifty if sustains above 23770 for the targets of 23820 and above marked level. On the other side, Sell Nifty if sustains below 23680 for the targets of 23630 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23770 Sell Below - 23680 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY : Trading Levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024) - Nifty: In today’s session, Nifty closely followed the levels and zones highlighted in the trading plan: The index opened within the Opening Resistance/Support Zone (No Trade Zone) , as indicated in the plan. Price action remained muted here, showing indecision, aligning with the expectation of limited opportunities in this area. The attempted move towards the Last Intraday Resistance Zone (23,953-24,058) failed, with prices reversing near resistance, confirming the bearish projection (red trend). Later in the session, the index approached the Buyer’s Support Zone (23,194-23,281) . Prices showed signs of stabilization, reflecting the plan's green trend projection for potential reversal or support testing. Key Takeaway: The plan accurately captured the market's reaction to critical levels, reinforcing the importance of patience in the No Trade Zone and the effectiveness of the support/resistance zones for planning entries. This reflects the value of adhering to a well-defined trading framework. This analysis will help us prepare for the trading day on 24-Dec-2024, considering different opening scenarios. Trading Plan for 24-Dec-2024 Gap Up Opening (100+ points above 23,747.20) If the market opens above 23,847.20, it indicates a strong bullish sentiment. The first resistance level to watch is 23,863.00 (Opening Resistance). If the price sustains above this level, the next target is 23,976.00 (Last Intraday Resistance for retracement). In case the price breaks above 23,976.00, the next target is 24,009.00. A sustained move above this level can lead to the Profit Booking zone at 24,128.00. If the price fails to sustain above 23,863.00, look for a potential retracement to 23,739.30. This could indicate a sideways trend (yellow line) or a bearish reversal (red line). Flat Opening (around 23,747.20) A flat opening suggests indecision in the market. The immediate level to watch is 23,739.30. If the price holds above this level, it could indicate a bullish trend (green line) towards 23,863.00. If the price breaks below 23,739.30, the next support level is 23,611.00 (Opening Support Zone at Buyer’s retracement zone). A break below this level could lead to a bearish trend (red line) towards 23,547.00. Monitor the price action around 23,863.00 for potential resistance. A break above this level could lead to targets of 23,976.00 and 24,009.00. Gap Down Opening (100+ points below 23,747.20) A gap down opening below 23,647.20 indicates bearish sentiment. The first support level to watch is 23,611.00. If the price holds above this level, it could indicate a potential retracement (yellow line) towards 23,739.30. If the price breaks below 23,611.00, the next target is 23,547.00. A sustained move below this level could lead to further downside towards 23,447.00. In case of a retracement, monitor the price action around 23,739.30 for potential resistance. A break above this level could lead to targets of 23,863.00 and 23,976.00. Risk Management Tips for Options Trading Always use stop-loss orders to limit potential losses. Avoid over-leveraging your positions; trade within your risk tolerance. Diversify your trades to spread risk across different assets or strategies. Keep an eye on implied volatility, as it can significantly impact options pricing. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 24-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. By understanding the potential price movements and trends (yellow for sideways, green for bullish, and red for bearish), traders can make informed decisions. Always practice good risk management to protect your capital. Disclaimer : I am not a SEBI registered analyst. This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 24th DecemberNifty opened with gap-up around 23740 and after consolidating Nifty went up but 23870 acted as strong rejection zone and we saw more than 200 points fall from day high. Tomorrow, Buy Nifty if sustains above 23830 for the targets of 23880 and above marked level. On the other side, Sell Nifty if sustains below 23650 for the targets of 23590 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23830 Sell Below - 23650 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1