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Nifty Review & Analysis - DailyPrice Action : Nifty showed Strenght and closed in green for 2 consicutive days Technicals: Nifty opened in green and built on it. A small profit booking was see at 23300 levels may be due to monthly expiry but over all looked strong and stable but couldn’t close above 20Dema but managed to close above 10Dema. The momentum indicators, RSI - Relative Strength Index improved to 45 Support/Resistance Major Support 22900 Immediate Support 23100 Immediate Resistance 23350 Major Resistance 23500 Trend: Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300 Options Data: Monthly Options data reading not clear as it was expiry day Weekly Options data suggests huge Put unwinding seen at 23000 and Call Build up seen at 23000 suggesting Resistance PCR improved to 0.7 which is Bearish Futures Data: FII Long/Short ratio improved to 22%/78% Nifty Futures price was in neagative, a decrease in price alongside an increase in Open Interest (OI) typically indicates a build-up of short positions in the market, which is generally considered a bearish signal as more traders are betting on the price to fall further Outlook for Next Session: Nifty in sideways to positive Approch: Long only above 23270 avoid shorts till 22800 taken down convincingly Wait for today’s High or Low to break and sustaines for further direction My Trades & Positions: still holding Long in Feb Series CE
NSE:NIFTY
by Sandeep_CA
Nifty trying to stage a comeback but important hurdles coming upNifty is trying to stage a comeback but there are important hurdles coming up 23328 and 23883 has a lot of obstacles for the rising Nifty based on the historical data. (Historical meaning the data which is At Least 3 months or older). The important resistances for Nifty here are 23328 (June 24 peak) followed by Father line resistance (200 day's EMA on daily chart at 23623.). The mother line resistance (50 day's EMA) which is at 23687. After we get a closing above this zone the next resistance will be near 23883. Once we get a closing above 23883 we can think of gaining back 24K levels. Supports for Nifty now remain at 22838, 22316 and 21869 which is near the lows of June 4th 2024. Shadow of the candle is currently positive but near the resistances mentioned earlier there can be pressure on Nifty. 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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. 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. This is a spot Nifty analysis based on Historical data as mentioned earlier. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY : Trading levels and Plan for 31-Jan-2025📌 Nifty Trading Plan – 31st January 2025 📈🔥 A structured trading plan is essential for navigating market movements with confidence. Let's analyze Nifty for 31st January 2025, incorporating key levels and different opening scenarios to optimize trade entries and exits. 📍 Key Levels: Opening Resistance / Sideways / Profit Booking Zone: 23,415 - 23,500 Last Intraday Resistance: 23,677 Opening Support / Resistance: 23,227 - 23,214 Opening Support Zone: 23,047 - 23,108 Last Intraday Support: 22,897 🚀 Scenario 1: Gap-Up Opening (100+ points above 23,400) If Nifty opens above 23,400 , it will enter the profit booking zone of 23,415 - 23,500 , where resistance may come into play. A cautious approach is required to avoid getting trapped in a false breakout. If Nifty sustains above 23,500 , a move towards 23,677 (last intraday resistance) is possible. If price faces rejection at 23,500 , expect a pullback to 23,415 . Failure to hold this level may lead to further decline toward 23,297 . Avoid chasing long positions immediately; wait for a retest of support zones for better risk-reward trades. 👉 Pro Tip: If 23,500 is decisively broken with strong volume, it may trigger a fresh rally, offering buying opportunities on dips. 📊 Scenario 2: Flat Opening (23,250 - 23,400) A neutral start within this range suggests the market is waiting for direction. Here’s how to approach it: If Nifty holds 23,227 - 23,214 , it could attempt a gradual rise towards 23,400+ . A breakout above 23,400 will open doors for an upside move toward 23,500 . A failure to hold 23,214 may push the index down to test the 23,108 - 23,047 support zone. Traders should watch for price action near 23,227 , as it could act as an intraday pivot for directional moves. 👉 Pro Tip: In a sideways market , consider using options scalping strategies rather than directional trades. 📉 Scenario 3: Gap-Down Opening (100+ points below 23,200) A weak opening below 23,200 could indicate short-term bearishness. It’s important to assess whether Nifty finds support at lower levels or continues declining. If Nifty holds 23,108 - 23,047 , expect a pullback rally toward 23,214 - 23,227 . A breakdown below 23,047 can accelerate selling pressure toward 22,897 (last intraday support). Look for bullish reversal signs near 23,047 - 23,000 before considering long positions. If the market forms a lower high after a gap-down, follow the trend rather than trying to catch a falling knife. 👉 Pro Tip: If Nifty struggles to reclaim 23,214 after a gap-down, selling on rise could be a better approach. 🛑 Risk Management & Options Trading Tips: 🎯 Always define a stop-loss before entering a trade to protect your capital. Avoid overleveraging in uncertain market conditions—risk management is key! 💰 In case of high volatility , wait for confirmation instead of chasing trades impulsively. Consider hedging strategies (like spreads) to limit losses in options trading. Check Open Interest (OI) data before trading options to gauge market sentiment. 📌 Summary & Conclusion: ✅ Nifty is at a critical juncture, with 23,227 - 23,214 acting as an opening pivot zone. ✅ Bullish Bias above 23,500 , targeting 23,677 . ✅ Bearish Outlook below 23,047 , targeting 22,897 . ✅ Discipline & patience are crucial—wait for confirmation before taking positions! 🚀 ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only . Trade at your own risk and manage capital wisely! 📊🔥
NSE:NIFTYLong
by LiveTradingBox
Bulls Make a major counter attack to Pull Nifty upwards. Today the Bulls fought back very well and against all odds were able to close Nifty much above Mother line of hourly chart. Nifty closed at 23163 and the Mother line support now is at 23108. If Bulls are able to keep Nifty aflot above this level and drive it higher they will have potential to make a come back into the game which was dominated one-sidedly by Bears since a long time. Not only Nifty we saw Mid and Small cap index also fight back today. The negative observation is that there is a trendline resistance just near today's high as you can see in the chart at 23183. So closing much above that level tomorrow will be really helpful. The supports for Nifty now remain at: 23108 (Mother Line Major support), 23032, 22919, 22776 (Major trend line support), 22465 and 22100 will be the channel Bottom support. The Resistances for Nifty now will be at: 23183 (Major Trend line resistance), 23354, 23465 (Major Father line Resistance of 200 hours EMA), 23542, 23726, 23892 (Major Channel top resistance). If channel top resistance is broken in the current rally Bulls will be back in the game and can drag the index further upwards towards 24060 and 24226. Above 24226 monthly closing there is Nifty landing again in Pure Bull territory. Good come back by bulls. Shadow of the candle now is neutral but it can become positive if we get a closing above 23183 tomorrow. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading levels and plan for 30-Jan-2025📊 Nifty Trading Plan for 30-Jan-2025 This trading plan covers all possible opening scenarios (Gap-Up, Flat, and Gap-Down) along with crucial resistance and support levels. Follow these levels carefully to maximize your trades. 📈 Scenario 1: Gap-Up Opening (100+ points above 23,176) If Nifty opens with a gap-up, it will likely test the resistance levels. Key focus points: 🔹 Opening Resistance Zone: 23,253 – 23,287 – If price sustains above this level, it can move towards 23,416. Consider call option trades if momentum remains strong with stop-loss at 23,200. 🔹 Major Resistance Zone: 23,416 – This is a crucial level where sellers might become active. Avoid chasing longs here and book profits. 🔹 If Nifty rejects from 23,253, watch for a retracement towards 23,176 before taking fresh trades. 💡 Pro Tip: Always wait for a retest and confirmation before entering a trade in a gap-up market. 📉 Scenario 2: Flat Opening (Near 23,176) A flat opening means price action will revolve around the Opening Support / Resistance Zone: 23,176 – 23,200. Key levels to monitor: 🔹 If price sustains above 23,200, expect bullish movement towards 23,253, followed by 23,287. Enter call options only after a breakout confirmation. 🔹 If price rejects from 23,176, it may slip towards 23,142, and if this breaks, expect a drop to 23,059. Put options can be considered here. 🔹 Avoid trading in the Opening Support / Resistance Zone unless a clear breakout/breakdown happens. 💡 Pro Tip: Flat openings often create a trap in the first 15 minutes. Let the market settle before taking a position. ⬇️ Scenario 3: Gap-Down Opening (100+ points below 23,176) A bearish gap-down could test support levels. Here’s how to trade it: 🔹 Opening Support Zone: 23,059 – If this zone holds, expect a pullback to 23,176. A strong reversal from this level can provide a good call option opportunity. 🔹 If 23,059 breaks, expect further downside towards 22,983, followed by 22,871 (Golden Retracement Zone). Look for put options with SL at 23,059. 🔹 If price sustains below 22,871, expect high volatility. Avoid aggressive long positions. 💡 Pro Tip: In gap-down markets, avoid catching falling knives. Look for proper support confirmation before entering long trades. 🛡️ Risk Management Tips for Options Trading 🔹 Keep a fixed risk per trade (1-2% of capital) to avoid big losses. 🔹 Use ATM (At-the-Money) or slightly OTM (Out-of-the-Money) options for better liquidity. 🔹 Don't overtrade. If your first 2 trades fail, step back and analyze the market. 🔹 Follow proper stop-loss levels to protect capital. 📊 Summary and Conclusion Resistance Zones: 23,200, 23,253-23,287, 23,416 Support Zones: 23,176, 23,142, 23,059, 22,983, 22,871 Opening Support / Resistance Zone: 23,176 – 23,200 (Wait for breakout/breakdown) 📌 Stick to the plan and manage risk wisely. Market structure matters more than emotions! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade at your own risk. 😊
NSE:NIFTYLong
by LiveTradingBox
Nifty tried unsuccessfully to close above Mid-channel resistanceNifty today tried unsuccessfully to close above mid-channel resistance but failed. After making a high of 23137 it again closed below 23K at 22957 not able to hold on to 23K+ levels. There was positive movement in Banks, Finance, Auto and Services. The laggards were Pharma, Mid-cap, Small cap, Public sector, IT, Metal and FMCG. Low of the day was 22857 if this level hold tomorrow and if Nifty can Push itself above 23137 we can see movement further northwards to 23357 or even 23542. Real momentum will build if we get a closing above Father line at 23632 and Mother line above 23727. Till that time we can see wild swings on either sides. Supports for Nifty remain at 22848 and 22763. Below 22763 we may see Nifty stumbling towards 22465, 22175 or even 21886 levels. It is still hanging by the thread. Shadow of the candle right now is positive to neutral. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading Levels and Plan for 29-Jan-2025Here's your detailed trading plan for NIFTY on 29-Jan-2025, covering all possible opening scenarios with actionable insights. 📈 Scenario 1: Gap-Up Opening (200+ points above 23,088) If Nifty opens with a gap-up, watch for resistance levels around 23,231-23,288: 🔹 Resistance Zone: 23,231-23,288 – Wait for confirmation before initiating a put option trade, targeting 23,088-23,024 if the level holds. 🔹 If 23,288 breaks with volume, expect a rally towards 23,350+. Look for call option trades with a strict stop-loss below 23,231. 🔹 Avoid overtrading near 23,088-23,231 without clear signals. 💡 Pro Tip: Wait for a 15-minute candle close above/below key levels for confirmation. 📉 Scenario 2: Flat Opening (Near 22,976-23,024) A flat opening brings the market closer to the No Trade Zone (22,963-23,024). Breakout confirmation is crucial: 🔹 If Nifty sustains above 23,024, it may test 23,088 and later 23,231 – Ideal for call option trades. 🔹 If Nifty breaks 22,963, expect weakness towards 22,862-22,829. Look for put option trades with a stop-loss above 23,024. 💡 Pro Tip: A breakout from the No Trade Zone often leads to strong directional moves. Let the market decide the trend. ⬇️ Scenario 3: Gap-Down Opening (200+ points below 22,963) A bearish gap-down will test buyer strength at crucial support zones: 🔹 Support Zone: 22,862-22,829 – Look for reversal signs. If the price holds, call options targeting 22,963-23,024 can be considered. 🔹 If 22,829 breaks decisively, expect further downside towards 22,637. Plan for put option trades, keeping SL above 22,862. 🔹 Be cautious near 22,637 as it might act as a reversal zone. 💡 Pro Tip: After a gap-down, monitor institutional activity before taking a trade. Avoid bottom fishing too early. 🛡️ Risk Management Tips for Options Trading 🔹 Use a fixed percentage of capital per trade (1-2%) to manage risk effectively. 🔹 Avoid chasing trades—let the market confirm levels. 🔹 Always use stop-loss and avoid averaging losing positions. 🔹 Prefer at-the-money (ATM) or slightly out-of-the-money (OTM) options for liquidity. 📊 Summary and Conclusion 🔹 Key Resistance Zones: 23,088, 23,231, 23,288 🔹 Key Support Zones: 22,963, 22,862, 22,829, 22,637 📌 Follow the plan, avoid emotional trading, and stick to defined levels. The market rewards discipline and patience! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Trade responsibly. 😊
NSE:NIFTY
by LiveTradingBox
Short I’ve been shorting most of the Nifty 50 index stocks ever since it breached 24,750, holding onto my position with strategic exits in case the market rallies, though I see that as highly unlikely at this point. As long as 24,750 holds we can support this bearish view. At this stage, we’re either heading back to around 24,200 or possibly correcting further to a minimum target of 20,200 over the next few months. Even if we see a short-term rally, it’s likely to be brief. The more plausible scenario is the market eventually heading towards 20,200. It’s amusing to watch the media, retail investors, and brokers get so excited about a 200-point rally. What they fail to realize is that this optimism is largely driven by retail traders chasing the market without considering the underlying risks. They often end up getting trapped at highs or lows, stuck in positions when a pullback or rally inevitably happens. I’ve always stressed the importance of proper risk management in my articles. Growing wealth is not just about making big bets—it’s about sustainable growth. Brokers, however, don’t necessarily share this focus. Their main interest lies in collecting commissions, regardless of whether the market goes up or down. The same can be said for exchanges and even the government, all of whom profit from the trading activity regardless of the retail investor’s success or failure. Investors need to understand that chasing short-term moves and focusing solely on commission-driven narratives can lead to long-term losses. Wealth building is more about having the right strategy, managing risk, and not getting swayed by market noise.
NSE:NIFTYShort
by Shivkumar600
NIFTY : Trading levels and Plan for 28-Jan-2025📊 NIFTY Trading Plan for 28-Jan-2025 📊 📈 Key Levels to Watch: Opening Support/Resistance Zone: 22,816-22,829 Intraday Resistance Zone: 22,909-22,930 Last Intraday Resistance Zone: 22,995 No Trade Zone: 22,816-22,829 Do or Die Intraday Zone: 22,594-22,638 Final Support Zone: 22,309 🌟 Scenario 1: Gap-Up Opening (100+ points above 22,909) 🌟 If NIFTY opens significantly above 22,909: ✅ Wait for Retest: Do not jump into trades immediately. Allow the index to retest the 22,909-22,930 zone for confirmation of strength. 📈 Action Plan: If the price holds above 22,930, initiate long trades targeting 22,995 (last resistance) and further extending to 23,220. Keep a stop-loss below 22,900. 🚫 Caution Zone: If resistance is observed near 22,995, consider profit booking or tightening stop-loss. Avoid fresh longs unless a breakout above 22,995 is confirmed. 💡 Pro Tip: Use bull call spreads to manage risk while capturing potential upside gains. 📉 Counter Strategy: If a bearish rejection candle forms near 22,995, short trades targeting 22,909 can be considered with a tight stop-loss. 🔄 Scenario 2: Flat Opening (Near 22,816) 🔄 If NIFTY opens flat or within the No Trade Zone: 22,816-22,829: ⚪ Avoid Immediate Trades: This range is indecisive. Wait for a breakout above 22,829 or a breakdown below 22,816. 🔼 Breakout Strategy: If the price breaks and sustains above 22,829, go long targeting 22,909-22,930. Use a stop-loss below 22,800. 🔽 Breakdown Strategy: If the price breaks below 22,816, initiate short trades targeting 22,689. Maintain a stop-loss above 22,850. 💡 Pro Tip: In a flat market, time decay in options can work against you. Use directional trades or hedged strategies. 🚦 Options Strategy: Consider a straddle or strangle strategy around the no-trade zone to capitalize on a potential breakout or breakdown. 🌧️ Scenario 3: Gap-Down Opening (100+ points below 22,816) 🌧️ If NIFTY opens below 22,816: 📉 Key Zone to Watch: The Do or Die Zone: 22,594-22,638 is critical. Look for bullish price action (e.g., hammer or bullish engulfing candles) for a potential reversal. ✅ Action Plan: If the price holds above 22,594, initiate long trades targeting 22,816. Use a stop-loss below 22,580. 🔥 Aggressive Selling Levels: If the price sustains below 22,594, further downside towards 22,309 is possible. Short trades can be initiated with strict risk management. 💡 Pro Tip: During gap-down scenarios, volatility spikes. Use hedging strategies (e.g., protective puts) to limit losses. 🚫 Avoid Overtrading: Gap-downs can lead to whipsaws. Wait for confirmation before entering trades. 🛡️ Risk Management Tips 💡: 🎯 Always follow your stop-loss and avoid emotional decisions. 🔥 Never risk more than 2% of your trading capital on a single trade. 🧘 Stay patient and disciplined. Avoid trading in the No Trade Zone . 📊 Utilize options strategies to hedge risk and protect your capital. 📝 Summary & Conclusion: Key Zones to Monitor: Resistance: 22,909-22,930 , 22,995 , and 23,220 . Support: 22,816 , 22,689 , and 22,594-22,309 . Gap-ups favor long trades above 22,909 , while gap-downs focus on supports like 22,594 . Stick to your plan and avoid trades in the No Trade Zone unless a breakout or breakdown occurs. ⚠️ Disclaimer: I am not a SEBI-registered analyst . All information shared is for educational purposes only. Please consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Review & Analysis - DailyPrice Action : Nifty saw Selling from opening in line with global cues and continued sell off till day’s close Technicals: Nifty was weak from the start and close at day’s low forming a strong Bearish candle closing convincingly below 10, 20, 50, and 200-day EMAs. saw some profit booking at day’s high of 23270 (10 Dema) closing just at the wedge line. The momentum indicators, RSI - Relative Strength Index improved to 33, and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists. Support/Resistance Major Support 22700 Immediate Support 22800 Immediate Resistance 23000 Major Resistance 23350 Trend: Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300 Options Data: Weekly Options data suggests huge Put unwinding seen at 23000 and Call Build up seen at 23000 suggesting Resistance PCR improved to 0.7 which is Bearish Futures Data: FII Long/Short ratio improved to 22%/78% Nifty Futures price was in neagative, a decrease in price alongside an increase in Open Interest (OI) typically indicates a build-up of short positions in the market, which is generally considered a bearish signal as more traders are betting on the price to fall further Outlook for Next Session: Nifty might consolidate and side ways Approch: Long only above 23270 avoid shorts till 22800 taken down convincingly Wait for today’s High or Low to break and sustaines for further direction My Trades & Positions: still holding Long in Feb Series CE
NSE:NIFTYShort
by Sandeep_CA
Nifty spirals down yet again in full flow. Where is the bottom?As Nifty Spirals down in a full flow investors have following questions in mind: Q1 Where is the bottom? Q2 How much more pain left in the system? Q3 When will the recovery start? Answer to all the questions is interlinked. Answer 1) Predicting exact top and exact bottom is very difficult but with MMI at 23.71 it is clear that extreme fear has gripped investors. Those who invest during extreme fear zone make profit in a long run that is very clear cut long term scenario. FII have withdrawn enmasse in search of greener pastures. HNI investors and retail investors are worried that FII is going away. Also they feel the fear of increased taxation while budget 2025 is about to arrive supports for Nifty which can act as bottom are at 22740 (near lower bandwidth of bollinger band), 22465, 22175 and 21886 (Channel bottom support). Any of these levels as of now can act as support for Nifty. Answer 2) As the levels suggest short covering can happen anytime alter this week as market looks oversold. Current RSI 28.66 is and RSI support is at 22. So we can expect a technical bounce upto 23K or 23.2K any time soon. Only if the Nifty closes 23550 we can see a momentum build up which can take Nifty further up towards 24K or 24.2K as of now. Answer 3) Short term recovery can start very soon probably later this week. Long term recovery and march towards 25K or 25K+ will take some time and might start in end of Q1 or mid Q2 2025. As per the charts.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY: Trading levels and Plan for 27-Jan-2025📈 NIFTY 50 Trading Plan for 27-Jan-2025 📈 📊 Key Levels to Watch: Opening Support Zone: 23,055-23,161 Intraday Resistance Zone: 23,178-23,284 Last Intraday Resistance: 23,405-23,442 Final Profit Booking Zone: 23,540 Buyer’s Strong Support Zone: 22,867-22,762 🌟 Scenario 1: Gap-Up Opening (100+ points above 23,178) 🌟 If NIFTY opens significantly above 23,178: ✅ Wait for Retest: Avoid rushing into trades after a gap-up. Allow the index to retest the 23,178-23,161 support zone for confirmation of strength. 📈 Action Plan: If a bullish candle forms during the retest, initiate a long trade targeting 23,284 initially and extend to 23,405-23,442 . Keep a stop-loss below 23,150. 🚫 Caution Zone: If the index stalls near 23,405-23,442, it might indicate profit booking. Avoid fresh longs in this area unless there’s a breakout above 23,442. 💡 Pro Tip: Use a bull call spread strategy to capture the upside while managing risk effectively. 🚨 Risk Note: Avoid over-leveraging after a significant gap-up. Monitor the price action closely. 🔄 Scenario 2: Flat Opening (Near 23,090) 🔄 If NIFTY opens flat or within the No Trade Zone: 23,055-23,161: ⚪ Avoid Immediate Trades: This range is a no-trade zone due to indecision. Wait for a breakout above 23,178 or a breakdown below 23,055. 🔼 Breakout Strategy: If the price breaks above 23,178, go long targeting 23,284 and extend to 23,405. Use a stop-loss below 23,150. 🔽 Breakdown Strategy: If the index drops below 23,055, short trades can be initiated targeting 22,867-22,762. Maintain a stop-loss above 23,100. 💡 Pro Tip: Use a trailing stop-loss to lock in profits during trending moves. 🚦 Options Strategy: Consider selling straddles near the no-trade zone to take advantage of time decay, but hedge positions to avoid unlimited risk. 🌧️ Scenario 3: Gap-Down Opening (100+ points below 23,055) 🌧️ If NIFTY opens below 23,055: 📉 Focus on Buyer’s Support Zone: The 22,867-22,762 zone is critical for potential reversals. Look for bullish price action in this area. ✅ Action Plan: If a reversal pattern (e.g., hammer or bullish engulfing) forms near 22,867, enter long trades targeting 23,055. Use a stop-loss below 22,740. 🔥 Aggressive Selling Levels: If the price sustains below 22,762, further downside to 22,700 or lower is possible. Initiate shorts with tight risk management. ⚠️ Avoid Overtrading: Gap-down scenarios can be volatile. Wait for clear patterns and don’t rush into trades. 💡 Pro Tip: Use long straddle strategies to benefit from increased volatility in gap-down scenarios. 🛡️ Risk Management Tips 💡: 🔥 Never risk more than 2% of your capital on a single trade. 🎯 Stick to stop-loss levels and avoid emotional trading. 📈 Use option strategies (e.g., spreads, straddles) to limit risk in uncertain market conditions. 🧘 Stay patient. Avoid forcing trades if setups don’t align with your plan. 📝 Summary & Conclusion: Key Zones to Watch: 23,055 (support) and 23,178 (resistance). Gap-ups favor longs above 23,178 ; gap-downs focus on support zones like 22,867 . Strictly adhere to risk management principles. Use options wisely to hedge your positions and reduce exposure to volatility. ⚠️ Disclaimer: I am not a SEBI-registered analyst . All views shared are for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Market at a Turning Point: Nifty50's Next Big MoveThe chart provided is a daily timeframe analysis of the Nifty50 index, showing key technical levels and possible trade scenarios based on price action. It presents an opportunity for traders to assess potential breakout or breakdown levels and make informed trading decisions. 1. Current Market Scenario (Price Action Analysis) The Nifty 50 index is currently trading at 23092. The index is moving within a descending triangle pattern, forming lower highs while maintaining support at key levels. Price is consolidating in a narrow range, indicating uncertainty and indecisiveness in the market. 2. Key Technical Zones Identified A. Resistance Zone (Red Area) The resistance zone is marked with a downward sloping trendline, highlighting consistent selling pressure. Nifty has faced multiple rejections around this trendline, indicating strong resistance levels. If the index breaks above this level with volume, it could signal the start of a bullish trend. Key Levels: Resistance at 23,600 - 24,000. A breakout above 24,000 could lead to a rally towards 25,200-25,600 levels. B. Support Zone (Green Area) The support zone represents a crucial price area where buying interest has historically emerged. This zone is critical for maintaining the current trend; breaking below could lead to a bearish continuation. If the index holds this level, it could provide a strong base for an upward move. Key Levels: Support at 22,800 - 23,000. A breakdown below 22,800 may trigger a decline towards 21,500-21,000 levels. C. Monthly Timeframe Support Zone (Thicker Green Line) A long-term support level derived from a higher timeframe (monthly chart). This level is significant, acting as a major inflection point for long-term investors. A breakdown below this zone may signal a shift in long-term sentiment. Key Levels: Strong support around 22,500. A sustained break could lead to deeper corrections. D. Consolidation Zone (Circled Area) Nifty is currently consolidating within a tight range inside the descending triangle. This phase usually precedes a strong directional move (either up or down). Traders should wait for confirmation before initiating new positions. 3. Potential Trading Strategies A. Bullish Scenario (Green Arrow - Upside Move) Trigger: A breakout above the resistance zone with strong volume and confirmation. Entry: Buy when the price breaks 23,600-24,000, confirming with bullish candlesticks. Targets: First target: 24,800 Second target: 25,600 Long-term target: 26,400 Stop Loss: Below the breakout level around 23,400, ensuring risk management. B. Bearish Scenario (Red Arrow - Downside Move) Trigger: A breakdown below the support zone with strong selling pressure. Entry: Short when the price falls below 22,800, confirming with bearish candlesticks. Targets: First target: 22,000 Second target: 21,500 Long-term target: 20,400 Stop Loss: Above the support zone around 23,200, to minimize risk. 4. Risk Management Considerations Risk-Reward Ratio: Maintain at least a 1:2 ratio, ensuring the reward outweighs the risk. Trailing Stop Loss: As the price moves favorably, adjust the stop loss to secure partial profits. Market Sentiment: Keep an eye on global markets and news events that may impact Nifty’s movement. 5. Final Outlook and Recommendation For Bulls (Buyers): Wait for a breakout confirmation above resistance before entering long positions. Focus on targets around 24,800 and higher. For Bears (Sellers): Watch for a decisive breakdown below support to enter short trades. Targets could extend down to 21,500 levels. For Neutral Traders: Wait for clear confirmation before taking directional trades to avoid false breakouts.
NSE:NIFTY
by TradZoo
NIFTY : Trading Levels and Plan for 24-Jan-2025📈 NIFTY Trading Plan for 24-Jan-2025 📊 Below is the comprehensive trading plan for NIFTY for all opening scenarios on 24-Jan-2025. Follow the levels carefully and adapt to market conditions. 🚀 🌟 Scenario 1: Gap-Up Opening (100+ Points) 🌟 If NIFTY opens above 23,325 : 📌 Look for resistance near 23,475-23,541 (Profit booking zone). 🔼 If it sustains above 23,541 , expect further upside momentum towards 23,650 . 🔄 Watch for a reversal or profit-booking signal near the resistance levels for short opportunities. 📉 If it fails to sustain above 23,325 , the market may retest the support zone at 23,217-23,198 . 💡 Tip: 🛑 Avoid aggressive entries at higher levels; wait for confirmation of breakout or reversal patterns. 📏 Scenario 2: Flat Opening (±50 Points) ⚖️ If NIFTY opens between 23,217-23,198 : 👀 Monitor the Opening Support Zone: 23,123-23,158 . ⚠️ A breakdown below 23,123 could drive the index to 23,039 (next support zone). 🟢 For bullish trades, wait for clear rejection signals at 23,123 or a breakout above 23,325 for upward momentum. 🔄 Be cautious in the no-trade zone, as the market might consolidate before giving a clear direction. 💡 Tip: During flat openings, focus on managing risk and allow the market to define its trend for the day. ✅ 📉 Scenario 3: Gap-Down Opening (100+ Points) 🛑 If NIFTY opens below 23,123 : 🛡️ Immediate buyer support is expected near 22,897-22,930 . Watch for reversal candles or accumulation at this level to enter long trades. 📉 If it fails to sustain above 22,897 , a further downside towards 22,800-22,750 is possible. 🔼 On the upside, the Opening Resistance Zone: 23,123-23,158 will act as a critical area for the reversal. 💡 Tip: ⚡ Use smaller lot sizes in gap-down scenarios and avoid overleveraging, as the market might experience high volatility. ⚙️ Risk Management Tips for Options Trading 📌 🧮 Always define your risk before entering a trade. Limit your exposure to 2-3% of your trading capital per trade. ⛑️ Use stop-loss orders for all trades, especially in volatile markets. 🌙 Avoid holding positions overnight without a hedge. Intraday traders should square off positions if levels are not respected. 💡 Focus on ATM (At-The-Money) or slightly OTM (Out-The-Money) options for better liquidity. 🔍 Summary and Conclusion 📊 🎯 The key resistance for the day is 23,325 , with a target of 23,541 on the upside. 🛡️ Strong buyer support is expected near 22,897-22,930 . ⚖️ Avoid trading in consolidation zones and wait for breakout/reversal confirmation. 📈 Remember, successful trading comes from proper planning and disciplined execution. 🚀 ❗ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk and discretion. 😊
NSE:NIFTYLong
by LiveTradingBox
Good closing by Nifty signaling chances of revival. We got a closing by Nifty today above 23200 levels at 23205 which has confirmed the chances of Revival. Two minor and 2 major hurdles remain in front of it right now before we can confirm that bear run is over. The minor resistance in front of Nifty now are 23270 and 23424. These are not strong resistances however any resistance can not be taken lightly when FII sell is selling like there is no tomorrow. after we get a closing above 23424 there will be father and Mother line resistances at 23652 and 23825. These 2 will be major resistances. Post we get a closing above 23825, 24000 and 24203 will me major hurdles. Only a closing above 24203 will bring bulls out of ICU. So we have a long way to go before complete revival. Today we have gained an important additional support near 23090. Supports on the lower side for Nifty will be at 22935 (This is a strong trend line support.) Below 22935 the supports is at 22425. Tomorrow will be an important day. If we get a positive closing tomorrow the momentum can be carried forward into the next week. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Review & Analysis - Daily Price Action : Nifty opened flat and 1st half of session traded sideways and tested previous day’s low to find some buying around 23000 levels and bounced to close above 23150. Technicals: Nifty was calm for most of the day and consolidated around 23000 levels and bounced in last part of session to close above 23150 (near term Resistance) around day’s high, which is a positive take away for the day. The index formed a kind of Bullish Harami Nifty trading below 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI - Relative Strength Index improved to 39, and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists. Support/Resistance Major Support 22800 Immediate Support 22950 Immediate Resistance 23300 Major Resistance 23450 Trend: Nifty is in bearish trend very weak. Options Data: Weekly Options data suggests huge Call build up at 23200-23300 and 23500 levels suggesting major Resistance Put Writing seen at 23000 and 23100 levels suggesting Support. PCR improved to 0.8 Futures Data: FII Long/Short ratio came down to 17.5% Nifty Futures saw marginal increase with increase in Open Interest suggesting Long addition Outlook for Next Session: Nifty might consolidate and try to head higher if Short covering/Buying energes above 23150, till 23350 taken out can go Short at higher levels for tgt 23000. Approch: Long above 23350 Short at 23200 for tgt 23050-100 Short below 22950 for tgt 22700 Wait for today’s High or Low to break and sustaines for further direction My Trades & Positions: Long in Feb Series CE
NSE:NIFTYLong
by Sandeep_CA
NIFTY : Trading Levels and Plan for 23-Jan-2025Trading Plan for NIFTY: 23-Jan-2025 📌 Educational Trading Plan for All Opening Scenarios This plan considers various market opening scenarios with 100+ points gap. Be prepared to adapt to changing trends and price levels with a disciplined approach. Let's analyze: 1. Gap-Up Opening (100+ Points) If NIFTY opens near the 23,200–23,325 zone (Opening Resistance and Intraday Resistance) : Monitor price action around 23,200 . If a rejection occurs, look to short with targets at 23,127 and 23,074 . A breakout above 23,325 with strong bullish candles could lead to further upside. If sustained, consider long trades targeting 23,400+ . Keep a stop-loss just above 23,325 for shorts or below 23,200 for longs. 📈 Pro Tip: Gap-up days can trap traders; wait for 15–30 minutes of price action confirmation before entering a trade. 2. Flat Opening If NIFTY opens between 23,127–23,200 : Observe the movement within this NO Trade Zone (23,127–23,176) . Avoid trades until a breakout or breakdown is clear. A breakout above 23,176 can signal bullish momentum toward 23,200 or 23,325 . Go long if strength persists. On the flip side, a breakdown below 23,127 could lead to bearish momentum toward 23,074 or 23,017 . 📉 Pro Tip: Stick to smaller lot sizes when trading within tight ranges or zones. 3. Gap-Down Opening (100+ Points) If NIFTY opens near the 23,017–22,851 zone (Buyer’s Support Zones) : Watch for a bounce around 23,017–23,074 . If a bullish reversal forms, consider long trades targeting 23,127 and 23,200 . If this zone is breached and NIFTY moves below 22,851 , expect further downside with targets near 22,800 and 22,700 . Initiate shorts cautiously. 📈 Pro Tip: Volatility in gap-down scenarios can be high. Trade with stop-losses and avoid revenge trading. 💡 Tips for Risk Management in Options Trading Trade only with a defined risk-reward ratio (1:2 or better). Avoid over-leveraging. Use a maximum of 10–15% of your capital for a single trade. In volatile markets, stick to ATM (At-The-Money) strikes for better liquidity and lower premiums. Use trailing stop-losses to lock profits in trending markets. Don’t hesitate to stay out if levels aren’t clear or if the market is choppy. Summary & Conclusion Key levels to watch: 23,200 (Resistance) , 23,127 (Critical Zone) , and 22,851 (Support) . Stick to the plan and avoid emotional trading. Be patient and wait for clear confirmations before initiating positions. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade responsibly and consult with a financial advisor. ✨ Happy Trading!
NSE:NIFTYLong
by LiveTradingBox
1
Good closing today by Nifty but Bull market not yet in sight. Good recovery by Nifty today closing above the mid channel line but there is long way to go before Bulls are back in business. We do not know if today's bounce was a dead cat Technical bounce after the rout yesterday. The resistances that Nifty now faces are at 23176, 23424, 23657 (Father line resistance), 23850 (Mother line resistance), 24518 and finally channel top resistance near 24799. Above 24800 closing bulls can come back in business and take Nifty North wards to 25299+ levels. Supports for Nifty remain at 22935, 22465, 21866 and finally 21232. Below 22935 is a pure Bear territory. We are terribly close to the bear territory. Shadow of the candle is neutral. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Review & Analysis - Daily Price Action : Nift saw a Gap-up opening with positive overnight ques but failed to sustain higher levels and saw huge selling from opening. Today’s session was very volatile which saw a quick bullback from 23150 levels to agin find sellers at 23400 levls. Nifty finally tested below 23000 levels after 6-7 months closing at 6 month low. Technicals: Nifty was very volatile, couldn’t trade past even 10DEMA also. The index formed a strong bearish candle trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 35), and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists. Support/Resistance Major Support 22800 Immediate Support 22950 Immediate Resistance 23150 Major Resistance 23400 Trend: Nifty is in bearish trend very weak. Options Data: Weekly Options data suggests huge Call build up at 23500 23300 and 23200 levels suggesting major Resistance Put Writing seen at 23000 and 22800 levels suggesting small Support. PCR improved to 0.74 Futures Data: FII Long/Short ratio came down to 17% Nifty Futures was negative with huge increase in Open Interest suggesting Shorts addition Outlook for Next Session: Nifty might see lower levels below 22950 Approch: Short at every rise and below 22950 Wait for today’s Low to break for further direction My Trades & Positions: holding Shorts
NSE:NIFTYShort
by Sandeep_CA
Nifty Trapped in Downward Parallel Channel. Fear grips D-street.Nifty post today's closing just above 23K has officially closed below Mid Channel within the downward channel. This is not a great news for bulls. The only silver lining in the cloud is that the closing is above 23K at 23024. Bollinger band is suggesting a support near it's lower band width that is 22936. Other supports for Nifty will be at 22785, 22465, 21886(Bottom of Parallel Channel) and 21232. Resistance on the upper side seem to be at 23355, 23542 (Mid-Bollinger band level), 23662 Father Line resistance of daily chart, 23878 Father line resistance of daily chart and finally 24148 (Channel top and Bollinger band top resistance). When channel top will be crossed and we get a closing above the same the next resistances will be at 24799 and 25134. Thus signs are looking ominous with RSI at 35.37. RSI support will be near 30 range. Nifty has once again entered Extreme Fear zone on Ticker tape index which shows it currently at 27.21. The zone below 30 is Extreme fear zone and long term investors tend to make much profit when they invest in these Extreme fear zone. The budget is around the corner. Donald Trump has taken oath and is taking decisions in a fast-forward T-20 mode. The momentum can shift any time. Global peace is also seeing green shoots with Israel and Palestine conflict ceasefire deal taking shape. We hope that Ukraine and Russia will also see a peaceful resolution. The hour before the dawn is the darkest. This looks like that zone for Global markets including India. Yes hardball tactics will be played by Trump and things will not come as easily as they were coming for India. We had once said that Trump will be good for the world as Biden was softer towards India on the outer surface. In the long run we will soon begin to see light at the end of the tunnel. Little more pain may be left for Indian indices. Result season so far has been a mixed bag that is adding fuel to the wild-fire set by bears. Budget/ Quad meeting later this year and world moving towards peace can set the ball rolling for Bulls sooner than later. Once again I emphasize that sensibel investments done in the extreme fear zone yield to the best results in the long run. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment