Get started

Niftylevels

Nifty after multiple efforts not able to close above 23900.Nifty again tried to climb up and made a high of 23915 however there was tremendous selling pressure at that level and not only it could not sustain 23900 but also it failed to sustain 23800 or even 23650 levs. Nifty closed at 23644 levels. This is a closing below the Father line (200 days EMA) which was at 23693. This closing is indicative of weakness. Shadow of the candle has turned negative as of now. There is a strong support at 23567. If this support is broken the door way towards 23273 or even 22800 will open up. Relative strength index is 37.40 and RSI support is at 30 and 27.54 levels. Incase of positive closing tomorrow which looks little difficult as of now the resistances will be at 23650, 23693 (Father Line), 23809, 23961 and finally 24159 and finally Mother line (50 Days EMA) Resistance at 24266. So as of now it looks like we will have a modest close for the year. It has been an year for Nifty which Amplifies with 'what could have been'. Right now we are around 10% of the peak and at 9% yearly gains as compared to yearly closing. Hoping that law of averages catches up next year and we reach new highs next year and close the year robustly. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
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 50 26th DECEMBER 2024Stop-Loss (Red Zone)(23670): Your stop-loss is set below the recent swing low, which is a good strategy as it protects against potential downside movement if the price reverses. Entry Zone:(23700) It seems you are entering a long position (buy) in a consolidation phase after the price formed a possible higher low. This suggests you expect the price to move up toward the targets. Target Levels (Green Lines): 1st Target (23,910.70): This is a reasonable target, as it aligns with a previous resistance zone (from the left side of the chart). If the price reaches this level, a partial profit booking strategy can be applied. 2nd Target (23,965.75): This is just above the 1st target, closer to the next resistance level. It's a logical continuation of the trend if momentum sustains. 3rd Target (24,010.20):
NSE:NIFTY
by trade_geeks
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
#NIFTY50 - 24TH DECEMBER !!NSE:NIFTY NIFTY CHART ANALYSIS (24TH DEC) Important Levels: 1. Resistance Levels: - 24,259.50: Key resistance zone where selling pressure might build. - 23,926.95: Immediate resistance near the current price. 2. Support Levels: - 23,398.85: Major support level below the current price where buyers could step in. 3. Trendline: - A downward trendline acts as dynamic resistance, connecting lower highs and reinforcing the bearish momentum. Analysis: - The price is in a bearish trend, consistently making lower highs and lower lows. - Current Scenario: The price is near the trendline and could face rejection, continuing the downward move toward 23,398.85. - Alternative Scenario: A breakout above the trendline might invalidate the bearish setup, potentially leading to a test of 23,926.95 or higher. Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
A Smart Comeback by Nifty but is it a dead cat bounce?Today we saw a smart comeback by Nifty but a confirmation candle and a positive closing to the week an ensure if it is not a dead cat bounce (Only a Technical bounce before Nifty falls again). Further ground has to be covered by Nifty before we reach the Bull territory. The closing today was good above the Father line and indicates positivity but whether the bounce sustains or not is a question that will be answered later in the week. Right now the supports for Nifty remain at: 23691 (200 days EMA) or the Father line, 23588, 23258 (Mid channel support), 22499 and 21572. Resistances on the upper side are at: 23871, 24053, 24183, 24359 (50 day's EMA) or the Mother line resistance, 24552 and finally 24721 (Important Fibonacci resistance). Bulls can get a prominence only after we get a closing above this level. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
1
NIFTY : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Nifty Trading Plan On last trading session prices met with the targets on breaking and sustaining below mentioned levels and met with all targets on down side. Strategies for upcoming trading session Color-Coding: Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend. 23-Dec-2024 Trading Scenarios: Gap Up Opening (+100 points): If Nifty opens above 23,953 but below 24,058 , expect initial resistance at 24,058 . Watch for rejection signals such as bearish candlestick patterns (e.g., pin bars or engulfing) to initiate short trades targeting 23,747-23,603 . However, if prices sustain above 24,058 , this zone transforms into support, indicating bullish sentiment. Enter long trades cautiously above 24,058 with targets of 24,300-24,400 . Use a stop loss at 23,950 . Flat Opening: A flat opening near 23,631-23,603 suggests the no-trade zone remains intact. Wait for a breakout above 23,747 or a breakdown below 23,603 . Above 23,747: Long trades targeting 23,953-24,058 . Below 23,603: Short trades targeting 23,281-23,194 . Use stop losses based on an hourly close for safer risk management. Gap Down Opening (-100 points or more): A gap down below 23,603 places immediate focus on the buyer’s support zone at 23,281-23,194 . Look for bullish reversal patterns (e.g., hammer or bullish engulfing) within this zone to initiate long trades. If prices break below 23,194 , bearish momentum could intensify. Short trades targeting 23,000-22,850 become viable. Maintain a stop loss above 23,281 for these positions. Risk Management Tips for Options Trading: Use defined risk strategies like buying options or limited-loss spreads. Avoid aggressive averaging when trades move against your position. Always calculate the maximum loss potential before entering trades. Exit positions if the index stays in the no-trade zone for extended periods. Summary & Conclusion: Nifty’s trading action on 23-Dec-2024 will revolve around the critical zones discussed. Respect the defined levels and avoid impulsive trades within the no-trade zone. Wait for confirmation before entering trades to maximize risk-reward ratios. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 23rd DecemberNifty opened with a minor gap-down and we saw a bounce in morning 23880 to 24000. Buy trade triggered as per trade setup posted for Friday but Nifty missed our 1st target of 24080 by 14 points and reversed. For tomorrow, if Nifty sustains above 23650 we expect to see an up-move towards 23720 and above marked levels. On the other side, if Nifty breaks a crucial support 23500 on downside we may see 23430 and below marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23650 Sell Below - 23500 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 | 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
Can The Major Support Zone Save Nifty From Falling Further?There is a triple Support zone that has been reached by Nifty. The Zone between today's low that is 23870 and 23692 has multiple supports of a trend line and Father Line of 200 day's EMA. Let us see if we have a revival from here. If that will be the case the next resistance zones will be 24019, 24175, 24416(Major Mother Line Resistance of 50 day's EMA) and 24529 (Major Trend Line Resistance). If the support of 23870 is broken we will have to rely upon 23962 that is the major 200 day's EMa of Father line. If we get a closing below 23692 or the Father line. Bears will become more powerful and we may see them control the game. In such a scenario the supports will be at 23350, 23088 and 22828. So very critical weekly closing tomorrow. Shadow of the candle for tomorrow is neutral to negative. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
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
As Expected Mother Line resistance has come into playAs we had expected in Yesterday's message the closing below Mother line yesterday meant that Mother line resistance was supposed to come into play today and it did. Nifty made a high of 24394 and ominous mother line resistance was near by as can be seen in the chart and Nifty got rejected from there. Now Nifty is tossed into bottom searching mode. Today's low that is 24149.85 was a support zone and we saw a closing above it at 24198 which is the silver lining in the cloud. If 24150 is respected tomorrow we can start seeing some range bound upside. If the support of 24150 is not respected and we get a closing below this level the further supports for Nifty will be at 23904, 23803 or Strong Father line support at 23689. If 23689 is broken we can see a low of 23291 or so as of now. On the positive side if the support of 24150 is respected by Nifty the resistances on the upside will be near 24311, 24435 (Strong Mother line resistance), 24627, 24793 or even 24960. 24960 is a strong resistance to cross but if and when it is crossed we can see more upside as Bulls will start calling shots above this level. Thus the most critical supports are 24150 and 23689. Most critical resistances will be 24435 as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment