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Niftyoutlook

Nifty Stages Massive Comeback. But Will The Mother Line Relent? Nifty has staged a massive comeback today on the back of FII buying today. Nifty made a high of 24226 but Mother line Resistance (50 day's EMA at 24221) pushed it back a bit and it ended the day at 24188. If the mother line relents tomorrow and if we can get a weekly closing above 24221 tomorrow Bulls have potential to take the momentum forward into January with a possibility of Budget rally. The supports for Nifty remain at 23926, 23698 (Father Line Support of 200 day's EMA), 23494 and finally 23238. Below 23238 all hell can break loose and bears will have potential to Pull Nifty further down. Resistances on the upper side remain at 24221 (Mother Line Resistance of 50 day's EMA) followed by 24389, 24600 and 24876 before Nifty snatches back 25K levels. Shadow of the candle remains neutral to positive but it can turn neutral or even negative if Mother line resistance comes into play again. The best possibility for Nifty remains if it can get a gap up opening above 24221. This can happen if we get good support from International indices and Gift Nifty tonight. Tomorrow's closing will be very important as it is the first weekly closing for the year. 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
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 Review & Analysis - DailyPrice Action : Nifty opened at previous day's close and tested pivot level finding buying around 23565 levels and rallied almost 200 points till 23775 levels and saw small profit booking. Post noon saw buying around 23700 levels and tested above 23800 and saw small profit booking towards end of the day loosing momentum. If sustained below 23800 can again test 23700-23730 levels and above 23820 if sustained can test 23950 levels. Trend: Nifty formed Higher High and Higher Low suggesting Long Trend Options Data: 23700-800 Puts added Open Interest showing support. 23700 and 23900 CE shedded OI, don't have much resistance till 24050-100 levels. Futures Data: Nifty Futures closed positively with Increase in Open Interest suggesting Bullish Outlook for Next Session: Nifty looks Bullish above 23800 for tgt 24000-24050. (for next wkly expiry) Positons: Wait for 30min candle close above 23800 to go long for tgt 24000.
NSE:NIFTYLong
by Sandeep_CA
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 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 Outlook for upcoming week 30-3rd Jan 2025The Nifty roared this week, gaining a solid 226 points, closing at a strong 23813! It reached a peak of 23938 before dipping to 23647. As predicted, the Nifty stayed within the 24100-23000 range, forming an interesting inside candle pattern. Excitingly, a bullish "W" pattern has emerged on the weekly chart! If the Nifty can hold above the crucial 23900 level next week, we could see it trading between 24300 and 23400 . However, while a bounce is expected, the bearish Monthly chart might tempt big players to unload their positions. Stay alert! Across the pond, the S&P500 took a 2.5% hit, closing at 5970 after reaching a high of 6049. The 5870-5850 support zone is critical. A breach could trigger a faster selloff, potentially testing the 5637/5551 support levels. For an upward move, the S&P500 needs to conquer 6050, paving the way for resistance levels at 6094/6142/6225. Bottom line: Use any bounce next week as an opportunity to lock in profits. Stay informed and trade wisely!" Wishing everyone a very happy & prosperous New Year.
NSE:NIFTY
by ssudhirsharma11
Nifty on Weekly chart delicately placed. (Medium Term Outlook)Nifty is placed delicately on a weekly chart. Shadow of the candle is slightly positive but as the closing of the year looms large FIIs and the Bears might again try to sell on rise. On the positive side if FII will be on the buying side for the 2025 beginning and create fresh positive positions we might see a positive rally on the upside. The supports for Nifty remain at 23532, 23271 and 22724. 22724 is a very important support below which we might see a free fall which as of now can range till 21302 or even 20587. However there does not seem any trigger as of now which can bring Nifty to this levels but you never say never. On the positive side if there is a fresh buying trigger and a positive rally overall the resistances on the upper side seem to be near 23901, 24300, 24881 and finally 25409. 25409 is a strong resistance and closing above it will not only open the doors for touching the previous highs 26277 but also push Nifty towards making new highs.
NSE:NIFTY
by Happy_Candles_Investment
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 : 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
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
#Nifty50 outlook for upcoming week 23-27th Dec 2024The Nifty experienced a tumultuous week, plummeting roughly 1200 points to close at 23587 after reaching a high of 24781 and a low of 23537. This sharp decline was largely attributed to a hawkish stance from the US Federal Reserve, triggering a sell-off in the US market and prompting significant Foreign Institutional Investor (FII) selling in India. The 5% correction from its peak has brought the Nifty dangerously close to the crucial WEMA50 support level at 23426. However, there are signs of a potential bullish reversal forming a 'W' pattern. Sustaining above 23426 will be critical for a market turnaround. Next week, I expect a volatile trading range between 24100 and 23000 . A breach of these levels could lead to significant market moves. The monthly Nifty chart also indicates weakness, suggesting further downside potential towards the 22250 support level, representing a 5.7% decline from current levels. This presents a valuable opportunity for investors to prepare a watchlist of their preferred stocks and strategically accumulate positions during any further market correction
NSE:NIFTY
by ssudhirsharma11
Three Year Parallel Channel of Nifty with Multiple indicators. We have tried to draw a Three Year Parallel Channel of Nifty with Multiple indicators. We will try to understand what is happening as per each indicator and try to get the jist of moves that may occur with a medium to long term perspective. Indicator 1) Parallel Channel: The parallel channel indicates that after hitting the channel top at 26277 the Nifty is receding and is on a search of it's bottom from where it can launch forward again. That is the case when every time Nifty has it a channel top as you can see in the chart. The Future Channel Top once Nifty picks up the next Bull run seems to be around 29497 as per the parallel channel. Mid channel support of the parallel channel is around 23500 zone which can support Nifty. If we get a weekly closing below 23500 this level will become a resistance. In such a scenario of weekly closing below 23500 Channel bottom seems to be near 21296. Indicator 2) Fibonacci Retracement: Fibonacci retracement suggests a bottom near 23263. If this level is broken there is a possibility of Nifty falling to the next fibonacci supports will be at 22506 and 21577. Once the Bull run begins the next resistance levels as per Fibonacci seem to be at 24725, 26777 (Previous high), 27162 and finally 28331. Indicator 3) Bollinger Band: Support with respect to lower width of Bollinger Band seems to be near 23340. Mid Bollinger band resistance seems to be near 24660 and Bollinger band upper width resistances seems to be near 25981. Indicator 4) RSI or the Relative Strength Index: RSI currently is at 44.41 and going downwards showing weakness. The RSI support can be found in the zone of 40, 38 or 36. Usually When RSI is below 30 the stock or index is considered oversold and when the stock or index RSI is above 70 it is considered overbought. RSI Below 20 is extremely oversold zone and RSI above 80 is considered extremely overbought. Indicator 5) MACD or Moving Average Convergence and Divergence: MACD is a combination of Moving averages lines which tend to indicate direction in which stock or index will move and histograms indicate strength or weakness of a rally. As per MACD Nifty right now is in extreme Bear grip and will take a little time to recover. When the Blue line will start moving upwards and when it might cross the red line and continue to move upwards it can be considered as Nifty will come back to Bull Zone. Colour of histograms at that time will also start going Dark Green or light Green. Indicator 6) 50 and 200 weeks EMA or the Mother and Father line: I have designed a theory called Mother, Father and Small Child Theory. As per this theory the movement of index or a stock in the chart is like a movement of a 3 year old child when it goes to a garden. The movement of 50 EMA is like movement of the mother and movement of the 200 EMA is like movement of a Father of that child. To know more about this theory or other indicators mentioned earlier you need to read my book THE HAPPY CANDLES WAY TO WEALTH CREATION. This book is available in Amazon in paperback or Kindle version. It is one of the Highest rated book in the category. Have a look at that book it will help you immensely in your wealth creation journey. Now as per this theory the Nifty right now is at 23587. 50 Weeks EMA is at 23403. 200 Weeks EMA is at 19335. as the Nifty is above these levels both these levels will work as a great support to Nifty and can help Nifty from falling further. Conclusion: Nifty is approaching multiple supports from where it has potential to turnaround. Mid channel support is around 23500, 50 Weeks EMA support or the Mother line is at 23403. 23340 is the Bollinger band lower band width support. Fibonacci support is at 23263. We can see a turnaround mostly from either of these three supports. If these supports are broken by chance (looks less likely but you can never say never) then the next supports will be at 22507, 21296 or worst case scenario as of now looks like 19335. On the upper side resistances seem to be at 24660 Fibonacci mid resistance, 24725 is the Fibonacci resistance, 25981 is Bollinger band upper width resistance and 26277 is the Fibonacci resistnace which also the previous high of Nifty. Once this zone is crossed in a long term we can reach the targets of 27162 Fibonacci resistance, 28331 Fibonacci golden ratio resistnace and 29497 which is the approximate nex channel top. (This is the Medium to Long term outlook of Nifty). This is how you can analyse any index or a stock using the 6 indicators mentioned in the writeup. I give top most priority to these 6 indicators in my analysis. Disclaimer: 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