#NIFTY Intraday Support and Resistance Levels - 18/10/2024Nifty will open slightly gap down in today's session. After opening if nifty starts trading below 24700 level then possible strong downside fall upto 24450 level in today's session. 24750-24900 will act as a consolidation zone for nifty. Any bullish side rally only expected above 24900 level.
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Nifty Plummets! All Targets Achieved in 15-Minute Short TradeTechnical Analysis: Nifty – 15-Minute Timeframe (Short Trade)
Nifty provided a clear short trade setup with an entry at 25006.45 on 16th October at 2:45 PM. The trade has been highly successful, with the price reaching all designated profit targets.
Key Levels
Entry: 25006.45 – The short position was initiated here following a strong bearish signal.
Stop-Loss (SL): 25032.75 – Placed above recent resistance to manage risk against a potential reversal.
Take Profit 1 (TP1): 24973.90 – The first target was quickly reached, confirming the initial bearish momentum.
Take Profit 2 (TP2): 24921.30 – Further downside pressure pushed the price to this level.
Take Profit 3 (TP3): 24868.70 – The bearish trend continued, achieving this target.
Take Profit 4 (TP4): 24836.20 – The final target, marking a complete and successful trade.
Trend Analysis
The price stayed firmly below the Risological Dotted trendline, affirming the strength of the bearish trend. The sustained selling pressure helped achieve all targets, indicating strong market momentum in favor of sellers.
The short trade on Nifty has concluded successfully, hitting all targets, with the final target at 24836.20. The precision of the entry and the guidance of the Risological Dotted trendline ensured a profitable trade.
#NIFTY Intraday Support and Resistance Levels - 10/10/2024Slightly Gap up opening expected in nifty near 25100 level. After opening if nifty sustain above 25050 level then possible upside rally upto 25250. Strong 200-250 points downside expected in case nifty starts trading below 24950 level in today's session. Any major upside only expected if nifty starts trading and sustain above 25300 level.
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach.
Target Points:
TP 1: 25823.50
TP 2: 25543.00
TP 3: 25262.50
TP 4: 25089.15
Stop Loss (SL): 26137.10
The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
#NIFTY Intraday Support and Resistance Levels - 04/10/2024Slightly gap up opening expected in nifty. After opening nifty will face resistance at 25450 level and expected reversal from this level upto 25250. Strong downside possible in case nifty starts trading below 25200 level this rally can go upto 25000 level.
#NIFTY Intraday Support and Resistance Levels - 01/10/2024NIFTY will open gap up in today's session. Expected opening near 26000 level. Possible reversal downside from this level upto 25850. In case, Nifty gives breakdown and starts trading below 25800 level then possible strong downside in today's session. Now upside rally only expected if nifty starts trading and sustain above 26050 level.
#NIFTY Intraday Support and Resistance Levels - 20/09/2024Nifty is expected to open with a gap-up near the 25500 level. If, after opening, it starts trading and sustains above the 25500 mark, we may see a strong upside rally toward the 25700 level during today's session. On the flip side, significant downside movement is likely only if Nifty drops below the 25450 level, which could trigger bearish pressure
#NIFTY Intraday Support and Resistance Levels - 19/09/2024Gap up opening above 25450 level expected in nifty. After opening strong upside rally expected if nifty starts trading above 25500 level. Any Downside possible below 25450 level. For today's session 25300 level will act as a strong support. Any major downside only expected below 25300 level.
NIFTY Podcast 17 Sep 2024Today, only 1 trade was taken.
- Initially the market was sideways, as 5m candles closed both below and above Opening Price - 25409
- The OI data was positive, but 2 departments were Bullish, so after taking look at the closer look at the strikes 25400 and 25450, the Put Writers increased, which gave us confidence to take the trade.
- The risk to reward wasn't 1:1, instead the target was Thick line, and with 5 points buffer the target was 25441
Notes:
- In such sideways market, it would be better to take Short Selling Price Action strategy to aim for 1% target and 1% stoploss.
#NIFTY Intraday Support and Resistance Levels - 17/09/2024Expected gap up opening in nifty near 25450 level. Currently nifty trading in the consolidation zone from 25350-25450 levels. If nifty starts trading and sustain above 25450 level then expected upside move upto 25700+ level in today's session. Downside possible below 25350 level.