Get started

Niftyintradaytradesetup

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 PriteshPalan
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 PriteshPalan
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
Nifty Intraday Support & Resistance Levels for 10.12.2024On Monday, Nifty opened on a negative note, fluctuating within a narrow range yet again. It marked a high of 24705 and a low of 24580.05, before closing at 24619, losing 58 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, suggesting potential for upward momentum. 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 (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 PriteshPalan
NIFTY : Trading Levels and Plan for 10-Dec-2024Trading Plan for Nifty 50 – 10-Dec-2024 Intro: On the previous trading day, Nifty witnessed a mix of consolidation and momentum shifts. The Liquidity Zone around 24,767 acted as a crucial resistance level, while support near 24,541.65 helped stabilize the index. The chart shows a No Trade Zone between 24,626.60 and 24,652.35, indicating indecisiveness. A clear trend above or below this range will dictate the next move. Yellow signifies sideways movement, green shows bullish potential, and red highlights bearish breakdowns. Opening Scenarios: Gap-Up Opening (+100 Points): If Nifty opens near 24,767 or higher, it will test the Opening Resistance . This level aligns with the Liquidity Zone observed previously. Action Plan: A breakout above 24,767 could push the index toward the Profit Booking Zone at 25,053. Enter long positions only if the first 15-minute candle closes above 24,767, with a stop loss at 24,652.35. If rejection occurs at 24,767, expect a pullback toward 24,652.35. Short positions can be considered below 24,767, targeting the No Trade Zone. Risk Management Tip: Avoid aggressive positions at key resistance zones. Use limited-risk strategies like debit spreads to manage exposure. Flat Opening: If Nifty opens near 24,652.35, it enters the No Trade Zone . This is a neutral region, and waiting for a clear breakout or breakdown is recommended. Action Plan: A breakout above 24,652.35 can lead to a bullish move toward 24,767. Initiate long positions with tight stop losses at 24,541.65. A breakdown below 24,626.60 could trigger bearish momentum, targeting 24,541.65. Consider short trades in this scenario, with stop losses at 24,652.35. Risk Management Tip: Avoid overtrading in consolidation zones. Use trailing stop losses to secure profits during volatile phases. Gap-Down Opening (-100 Points or More): If Nifty opens near 24,541.65 or lower, it will test the Opening Support or even the Buyer's Strong Support near 24,338. Action Plan: Watch for a bullish reversal near 24,338. If the price sustains above this level, initiate long positions targeting 24,541.65. Use 24,300 as a stop loss. A breakdown below 24,338 could lead to a bearish continuation toward 24,200. Short positions can be initiated in such cases, with stop losses above 24,338. Risk Management Tip: In gap-down scenarios, prioritize hedged strategies like iron condors to mitigate large swings. Summary & Conclusion: Resistance Levels: 24,767 , 25,053 Support Levels: 24,541.65 , 24,338 , 24,200 A breakout or breakdown from the No Trade Zone will set the directional bias for the day. Traders should remain cautious and avoid emotional trading. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor or conduct independent research before trading.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 9th DecemberNifty opened flat as because of RBI Policy we saw some volatility in first hour but then Nifty traded in a small range whole day and it was more of a options sellers day. For tomorrow, if Nifty sustains above 24755 you can consider buying for 27800 and above marked level. On the other side, if Nifty sustains below 24640 you can consider taking a sell trade for the target of 24590 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24755 Sell Below - 24640 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 Support & Resistance Levels for 09.12.2024On Friday, Nifty traded within a narrow range, reflecting cautious market sentiment. It made a high of 24751.05 and a low of 24620.50, ultimately closing at 24677.80, down by 30 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, signalling underlying strength. 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 (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 PriteshPalan
NIFTY : Trading Plan and Levels for 09-Dec-2024Nifty Trading Plan for 09-Dec-2024 Previous Day's Chart Pattern: On 08-Dec-2024, Nifty displayed a range-bound movement within the No Trade Zone (24,674 – 24,780) , with intermittent attempts to break out on both sides. Buyers showed interest near the liquidity zone around 24,484 , but resistance at 24,780 capped upward momentum. The yellow zone signified consolidation, green highlighted bullish efforts, and red depicted bearish dominance. This creates a balanced yet cautious outlook for the next trading session. Trading Plan for 09-Dec-2024: Gap-Up Opening (+100 points or more above 24,780): If Nifty opens above 24,780: The immediate target will be 24,878 . A sustained move above this level may lead to a test of the profit-booking zone at 25,053 . Enter long positions above 24,780 with a stop loss at 24,730 . Watch for rejection patterns near 24,878 for partial profit booking. In case of a sharp reversal from 24,878, the index could retrace toward 24,780. Avoid aggressive longs if rejection occurs at higher levels. Risk Management Tip: Opt for slightly OTM call options in small quantities. Use trailing stops to secure profits near resistance zones. Flat Opening (Within the No Trade Zone 24,674 – 24,780): A flat opening within the No Trade Zone requires patience: If Nifty breaks above 24,780, initiate longs with targets of 24,878 and 25,053 . On the downside, a fall below 24,674 can lead to a retest of the first buyer’s support at 24,484 . Initiate shorts cautiously with a stop loss above 24,700. Risk Management Tip: Avoid overtrading in a sideways zone. Wait for clear breakouts before taking positions. Avoid weekly options in choppy zones. Gap-Down Opening (-100 points or more below 24,674): If Nifty opens below 24,674: First support lies at 24,484 . If this zone holds, we may witness a reversal toward 24,674. Look for bullish candles to confirm long entries. A break below 24,484 will likely test the liquidity zone at 24,446 or deeper support at 24,374 – 24,338 . Enter shorts below 24,484 with a stop loss near 24,500. Risk Management Tip: For gap-down scenarios, consider put options with a spread strategy to limit losses. Avoid chasing price movements without confirmation. Summary and Conclusion: Nifty's key levels to monitor are 24,674 – 24,780 (No Trade Zone), 24,878 (Opening Resistance), and 25,053 (Profit Booking Zone). The green zones represent bullish trends, yellow highlights consolidation, and red indicates bearish zones. Focus on executing trades only after confirmation and manage risks with disciplined stop-loss placements. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
NIFTY Surges 900+ Points: Massive Gains Unlocked!NIFTY on the 1-hour timeframe displayed an exceptional bullish momentum, achieving 900+ points in profit so far. This long trade setup, captured using the Risological Swing Trading Indicator , has already hit TP1 and TP2, with the remaining targets likely to be reached soon. NIFTY Key Levels: TP1: 24204.50 ✅ TP2: 24786.30 ✅ TP3: 25368.10 🔄 TP4: 25727.65 🔄 NIFTY Technical Analysis: The trade initiated at 23844.95 with a stop-loss at 23554.05, providing an excellent risk-to-reward ratio. The price consistently respected the Risological trend line, confirming the strength of the uptrend. Both TP1 and TP2 have been achieved, showcasing the precision of the system. The breakout above key resistance levels hints at a continuation towards the upper targets. This setup reflects how effectively the Risological Swing Trading Indicator identifies profitable opportunities with minimal risk. Namaste!
NSE:NIFTYLong
by ProfitsNinja
NIFTY : Trading Plan and levels for 06-Dec-2024Trading Plan for Nifty – 06-Dec-2024 Intro to the Previous Day's Chart Pattern: On 05-Dec-2024, Nifty exhibited a volatile session but from the level (excatly where I mentioned in yesterday's trade pan) a significant rally towards the Wave C completion zone but a huge volatility in the prices seen in the last trading hour, . A sharp rejection from this zone reinforced bearish pressure, driving the index back to the Opening Support/Resistance zone at ₹24,697 . The chart highlighted three critical zones: Red Trend: Bearish resistance around Wave C completion ( ₹25,050 ). Yellow Trend: Sideways consolidation in the Opening Resistance Zone (₹24,882–₹24,697) . Green Trend: Bullish momentum originating from the Initial Support Zone (₹24,412) . Trading Plan for 06-Dec-2024 Gap Up Opening (+100 Points): If Nifty opens above ₹24,882 , it will likely face immediate resistance at the Wave C completion zone (₹25,050) . Action Plan: Look for bearish rejections or reversal candlestick patterns near ₹25,050 . A failure to sustain above this level indicates a shorting opportunity, targeting ₹24,697 and ₹24,412 . If Nifty sustains above ₹25,050 for at least two 15-minute candles, it signals a breakout. Go long, aiming for ₹25,300 and ₹25,450 . Risk Management Tip: Use a trailing stop-loss once the trade moves in your favor. For options, consider selling OTM puts below ₹24,700 to benefit from time decay. Flat Opening (Near ₹24,697): A flat opening will test the Opening Support/Resistance zone (₹24,697) . Action Plan: If Nifty holds above ₹24,697 , expect a bullish move towards ₹24,882 . Breakout above this level can lead to ₹25,050 . Failure to sustain ₹24,697 could drag Nifty towards the Initial Support Zone (₹24,412) . Monitor for price rejection at ₹24,412 for potential long entries. Risk Management Tip: For flat openings, avoid aggressive entries. Let the first 30 minutes establish the trend, then act accordingly. Use spreads (e.g., bull call spreads) to cap your risk in options. Gap Down Opening (-100 Points): A gap-down opening near ₹24,412 or below will test key supports. Action Plan: If Nifty finds support at ₹24,412 , look for bullish price action. Enter long positions targeting ₹24,697 and ₹24,882 . If Nifty breaks ₹24,412 , the next critical zone lies at ₹24,224–₹24,142 . Watch for signs of demand in this deep retracement zone for potential reversals. Risk Management Tip: In case of high volatility, trade with reduced position sizes. Use iron condors or straddles to take advantage of elevated option premiums during gap-down scenarios. Summary and Conclusion: Resistance Levels: ₹24,882, ₹25,050 Support Levels: ₹24,697, ₹24,412, ₹24,224 Key levels to watch: A breakout above ₹25,050 or a breakdown below ₹24,412 will dictate intraday momentum. Use proper risk management strategies like trailing stop-losses and avoid over-leveraging in volatile markets. Disclaimer: The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your own research or consult a financial advisor before making any trading decisions. Markets involve risk; trade responsibly.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Support & Resistance Levels for 06.12.2024On Thursday, Nifty opened positively but saw early selling pressure, dropping to a day low of 24295.55, precisely taking support at the 30m Demand Zone highlighted earlier. A strong rally followed, pushing it to a day high of 24857.75, entering the Daily and Weekly Supply Zones. It closed at 24708.40, gaining an impressive 241 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, indicating a bullish tilt. Demand/Support Zones Near minor 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 (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 PriteshPalan
Nifty Intraday Trade Setup | 5th DecemberNifty opened with a gap-up and gave more up-move in morning, our buy level triggered and Nifty went near 24575 but then we saw a knee jerk reaction and Nifty lost more than 200 points from day high so as per setup SL was taken out. For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24540 Sell Below - 24410 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 05.12.2024On Wednesday, Nifty opened on a positive note, reaching a high of 24573.20, breaking above the 75m supply zone and testing the Weekly supply zone. However, selling pressure pushed it to a low of 24366.30. Nifty eventually closed at 24467.45, gaining 10 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24300.05 - 24348.35 Near Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (Tested) Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
NSE:NIFTY
by PriteshPalan
NIFTY : Trading levels and Plan for 05-Dec-2024Trading Plan for Nifty – 05-Dec-2024 Intro: Previous Day's Chart Pattern Nifty on 04-Dec-2024 displayed mixed momentum, with a clear rejection from the upper resistance zone near ₹24,550 - 24,570. The Yellow trend highlighted a consolidation phase, the Green trend signaled bullish potential during upward retracements, and the Red trend indicated bearish pressure around resistance levels. Key levels such as ₹24,345 acted as support, while the intraday resistance remained prominent at ₹24,772. Plan for Different Opening Scenarios: 1. Gap-Up Opening (Above ₹24,647 by 100+ points) If Nifty opens significantly above ₹24,647: Key Resistance Levels: ₹24,772 and ₹24,804 will be the major zones to watch for profit booking and potential reversals. Action Plan: Allow the first 15–30 minutes for price discovery. Look for pullbacks near ₹24,647 for entry into long positions, with a stop loss below ₹24,612. Targets will be ₹24,772 and ₹24,804. Failure to Sustain Above ₹24,647: If prices fail to hold above ₹24,647, avoid longs and observe price action near ₹24,612 for re-entry possibilities. Risk Management: Tighten stop losses when approaching the resistance zone to secure profits. Avoid aggressive long positions unless the bullish trend sustains. 2. Flat Opening (Within ₹24,316 to ₹24,461) If Nifty opens near its previous close: Key Support and Resistance Levels: ₹24,345 serves as opening support, while ₹24,461 and ₹24,647 are the immediate resistance zones. Action Plan: Wait for a clear breakout or breakdown. Long positions can be initiated above ₹24,461, targeting ₹24,647 and ₹24,772, with a stop loss below ₹24,345. Short positions should be considered if the index breaks below ₹24,345, targeting ₹24,316 and ₹24,220, with a stop loss above ₹24,461. Risk Management: Trade cautiously within this range as the price may exhibit false breakouts. Use smaller position sizes during consolidation phases. 3. Gap-Down Opening (Below ₹24,345 by 100+ points) If Nifty opens below ₹24,316: Critical Support Levels: ₹24,220 will act as a critical support. Failure to sustain this level could lead to extended selling towards ₹24,100. Action Plan: Monitor the first 15–30 minutes. If prices rebound from ₹24,220, consider long positions for targets of ₹24,316 and ₹24,345, with a stop loss below ₹24,200. If prices sustain below ₹24,220, initiate short positions for targets of ₹24,100 and ₹23,950, with a stop loss above ₹24,316. Risk Management: Avoid catching falling prices; confirm reversals before entering trades. Keep positions light in volatile conditions. Tips for Risk Management in Options Trading: Time Decay Awareness: Avoid holding out-of-the-money options close to expiry as premium erosion accelerates. Defined Risk Strategies: Use options spreads like bull call or bear put spreads to cap risk. Avoid Overleveraging: Limit position sizes to avoid large losses during sudden market movements. Monitor Volatility: Consider implied volatility before entering positions; high volatility may lead to expensive premiums. Summary and Conclusion: Nifty’s price action for 05-Dec-2024 revolves around key levels of ₹24,647 on the upside and ₹24,220 on the downside. Traders should focus on these zones for clear directional movements. Proper risk management and a disciplined approach are essential, especially during volatile market conditions. Always confirm the trend before initiating trades and avoid overexposure to options positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be treated as financial advice. Consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 3rd DecemberNifty opened flat and after initial decline towards 24000 odd levels, we saw good recovery from lower levels and Nifty made a high at 24301. For tomorrow, buy Nifty if sustains above 24340 we expect to see an up-move towards 24390 and above levels. On the other side, if Nifty breaks 24200 on the downside we may see 24150 and lower levels marked the chart. Expectations: Range-bound movement. Intraday Levels: Buy Above - 24340 Sell Below - 24200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
6