Get started

Niftyprediction

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 : Trading Levels and Plan for 22-Jan-2025🔖 Nifty Trading Plan for 22-Jan-2025 📊 Key Levels: Resistance Zones: 23,097–23,201, Last Intraday Resistance: 23,330 Support Zones: 22,962, 22,689 (Last Intraday Support) 1️⃣ Gap-Up Opening (100+ points) If Nifty opens above 23,201: Watch for price action near the Last Intraday Resistance (23,330). A rejection from this level could offer a short trade opportunity with a target towards 23,201. A sustained breakout above 23,330 can signal strong bullish momentum, and a long trade with a trailing stop-loss could be beneficial to ride the trend higher towards the next possible profit-taking zone near 23,435. 📌 Educational Insight: Gap-ups above resistance zones can often trigger profit booking or reversal patterns. Always wait for a confirmation candle before entering any trades. 2️⃣ Flat Opening (Within 22,962–23,097) Focus on the reaction at the Opening Resistance Zone (23,097). If Nifty fails to sustain above this zone, shorting the market with a target towards 22,962 could be favorable. Conversely, if Nifty holds above 23,097, a long trade targeting 23,201 may be considered, with a tight stop loss below 23,052. A breakdown below 22,962 may signal bearish momentum, opening short trades towards the Last Intraday Support at 22,689. 📌 Educational Insight: Flat openings provide the best opportunity for observing market sentiment. Let the market settle for the first 15–30 minutes for better clarity before making any trade decisions. 3️⃣ Gap-Down Opening (100+ points) If Nifty opens near 22,689 or below: Look for a reversal near the Last Intraday Support (22,689–22,830). A strong bounce here could provide a long trade targeting 22,962 or higher. However, if Nifty sustains below 22,689, it might indicate further bearishness, and shorting the market with a target toward 22,600 could be considered. 📌 Educational Insight: Gap-down openings often lead to panic or aggressive buying at support levels. It is essential to wait for confirmation through price action and volume before entering trades. 📌 Risk Management Tips for Options Trading: Use defined stop-loss levels and avoid over-leveraging during volatile market conditions. Trade spreads (like bull/bear spreads) to limit potential losses during high implied volatility (IV) conditions. Keep an eye on hourly candle closures for added confirmation of trend direction. Avoid entering trades within the first 15 minutes of the market opening. Let the market settle to avoid false breakouts or breakdowns. 🔍 Summary & Conclusion: Gap-Up: Watch for action near 23,201–23,330. Focus on rejection or breakout opportunities. Flat: Key action zone around 23,097; observe for potential breakouts or breakdowns. Gap-Down: Look for buying opportunities near 22,689, but be cautious of further bearish trends if support is broken. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult a financial advisor or conduct your own analysis before trading.
NSE:NIFTY
by LiveTradingBox
NIFTY : Trading levels and Plan for 21-Jan-2025🔖 Nifty Trading Plan for 21-Jan-2025 📊 Key Levels: Resistance Zones: 23,404–23,435 (Important Intraday Resistance), Profit Booking Zone: 23,525+ Support Zones: 23,375 (Opening Support/Resistance Zone), 23,245 (Buyer’s Support Zone), 23,114 (Golden Retracement Support) 1️⃣ Gap-Up Opening (100+ points above 23,435) 📍 Analysis: A gap-up above 23,435 signals strong bullish sentiment. However, the profit booking zone above 23,525 can lead to selling pressure. 📌 Action Plan: If Nifty consolidates below 23,525, look for rejection signs. A reversal from this zone provides a short trade opportunity targeting 23,435. If Nifty breaks and sustains above 23,525 with strong volume, initiate a long trade, targeting 23,600 or higher. Use a trailing stop-loss to lock in profits. Avoid trading immediately after the opening; observe the market's behavior for at least 15 minutes to confirm direction. 📚 Educational Insight: Gap-up openings often trigger profit booking near key resistance levels. Always wait for rejection or breakout confirmation to reduce risk. 2️⃣ Flat Opening (Within 23,344–23,375) 📍 Analysis: A flat opening suggests indecision in the market. The range between 23,344–23,375 will act as a critical zone for direction. 📌 Action Plan: If Nifty struggles to hold above 23,375 and shows signs of rejection, consider a short trade targeting 23,304 or 23,245. If Nifty sustains above 23,375, initiate a long trade targeting 23,404 and then 23,435. Ensure confirmation through volume and price action. A decisive breakdown below 23,344 may indicate bearish sentiment, providing a shorting opportunity toward 23,304. 📚 Educational Insight: Flat openings provide the best opportunity to analyze market sentiment. Allow the first 15–30 minutes to settle before entering trades for better clarity. 3️⃣ Gap-Down Opening (100+ points near or below 23,245) 📍 Analysis: A gap-down near the Buyer’s Support Zone (23,245) or Golden Retracement Support (23,114) can trigger either panic selling or strong buying interest. 📌 Action Plan: Look for reversals near 23,245 or 23,114. A strong bounce from these levels can provide a long trade opportunity targeting 23,304 or 23,375. If Nifty sustains below 23,114 with high selling volume, initiate short trades targeting 23,050 or lower. Avoid rushing into trades during a gap-down; wait for clear signs of reversal or breakdown for better risk management. 📚 Educational Insight: Gap-down scenarios often create volatility. Support zones like 23,245 and 23,114 can act as reversal points, but their failure may amplify bearish momentum. ⚠️ Risk Management Tips for Options Trading: ✅ Use strict stop-loss levels to minimize losses in volatile markets. ✅ Avoid trading in the first 15 minutes after the opening, as it often exhibits unpredictable price movements. ✅ Consider using strategies like spreads (bull/bear spreads) in high-IV conditions to cap potential losses. ✅ Monitor hourly candle closures for confirmation before entering high-risk trades. ✅ Never over-leverage; trade with an amount you are comfortable risking. 🔍 Summary & Conclusion: Gap-Up: Watch price action near 23,525; trade rejections or sustained breakouts. Flat: Observe the reaction within 23,344–23,375; trade breakouts or breakdowns accordingly. Gap-Down: Look for buying opportunities at 23,245 or 23,114, but respect bearish momentum if these levels fail. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult a financial advisor or conduct your own research before trading.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Levels and Plan for 20-Jan-2025🔖 Nifty Trading Plan for 20-Jan-2025 📊 Key Levels: Resistance Zones: 23,318–23,334, Profit Booking Zone: 23,405–23,435 Support Zones: 23,113–23,201, 23,007, 22,962 1️⃣ Gap-Up Opening (100+ points) If Nifty opens above 23,334: Look for consolidation or rejection near Profit Booking Zone (23,405–23,435). If rejected, consider a short entry with a target towards 23,334 or 23,269. Sustained breakout above 23,435 may lead to a rally. Use trailing stop-loss to ride the momentum. 📌 Educational Insight: Gap-ups often signal bullish momentum, but profit booking zones can act as reversal points. Observe price action carefully. 2️⃣ Flat Opening (Within 23,201–23,203) Monitor opening price reaction within the Golden Retracement Zone (23,113–23,201). If Nifty holds 23,201, it’s a signal to go long with a target towards 23,318–23,334. Break below 23,113 could indicate bearish momentum. Short below this level with a target towards 23,007. 📌 Educational Insight: Flat openings are ideal for price action-based trades. Let the first 30 minutes settle before taking positions for the best risk-reward setup. 3️⃣ Gap-Down Opening (100+ points) If Nifty opens near 22,962–23,007: Look for bullish reversals within the Trending Shift Zone (22,962–23,007). Go long if strong buying is observed, targeting 23,113. A breakdown below 22,962 could lead to further weakness. Short positions below this level with a target of 22,880. 📌 Educational Insight: Gap-downs often create opportunities for sharp reversals or continuation trends. Wait for confirmation before entering trades. 📌 Risk Management Tips for Options Trading: Use hourly candle close as confirmation before entering trades. For directional trades, avoid over-leveraging and use defined stop-loss. Hedge positions using spreads to limit risk in volatile markets. Monitor IV (Implied Volatility) while trading options; high IV can inflate premiums. 🔍 Summary & Conclusion: For 20-Jan-2025, focus on the key zones: Watch Golden Retracement Zone (23,113–23,201) for flat openings. Look for rejection or breakout near 23,405–23,435 in case of gap-ups. Keep an eye on 22,962–23,007 for possible reversals in gap-down scenarios. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Traders are advised to conduct their own analysis or consult with financial advisors before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
#Nifty50 Market Update: A Week of Weakness and What Lies Ahead This week, Nifty closed at 23,203, down by 228 points from the previous week's close. It touched a high of 23,391 and a low of 23,047, reflecting a volatile yet cautious market sentiment. The candlestick pattern for the week is indicative of weak market sentiment, signaling growing bearish pressure. As highlighted last week, the market saw a bounce used by institutional players to offload their positions, leading to a sharp pullback. The Nifty was confined within the range of 23,950 to 22,900, as anticipated. Looking ahead, I expect Nifty to continue oscillating between 23,750 and 22,700 in the coming week. From a monthly perspective, the market remains in a selling phase, and until either the monthly or weekly timeframes shift into the buying zone, or Nifty tests key support levels near 22,400/22,300, the bears will likely maintain control. S&P500 Update: Recovery with Caution Over in the US, the S&P 500 has bounced back from the lows of 5,773 and closed just below the critical Fibonacci resistance level of 6,013. If the index manages to stay above 6,013 next week, we could see it testing higher resistance levels around 6,100. However, expect potential selling pressure to kick in on Monday, and if the index dips below 5,900, it could test key support levels at 5,821, 5,773, or even 5,700. Bottom Line: Brace for Volatility Ahead In conclusion, selling pressure is expected to persist in the markets for the time being. Traders should prepare for a bumpy ride as we navigate through these volatile conditions. Stay alert, manage risk, and keep an eye on critical support and resistance levels.
NSE:NIFTYShort
by ssudhirsharma11
"LONG" NIFTY 50 is approaching The "Accumulation Zone" (LTCIG)1. Key observation Accumulation Zone 🟢 The chart identifies a critical "Accumulation Zone" between 22,600–22,800, highlighted in green. This area serves as a strong support zone where buyers may step in, halting the current downtrend. Significance: If NIFTY consolidates here, it could build momentum for a powerful reversal and potentially new all-time highs. 🚀 2. Notes on NIFTY Movement ✍️ "NOTE: NIFTY HAVE TO COME IN THIS ZONE FOR FLY UPWARD NEW HIGH" 🛫 This means for NIFTY to reach new heights, it must revisit and hold this accumulation zone. Watch for bullish patterns like hammer candlesticks or breakouts in this region to confirm upward movement. 🔥 3. Best Price Range for Investments 💰 "BEST PRICE RANGE TO DO A LONG-TERM INVESTMENT" 🏦 Investors can find opportunities in this zone, with stocks available at significant discounts (40–60% off). A perfect time for those planning long-term gains as the zone may represent undervaluation. 📈 4. Technical Indicators 🔍 RSI (Relative Strength Index): Positioned near the oversold zone, indicating the downtrend is losing momentum and reversal is likely. ⚡ MACD (Moving Average Convergence Divergence): The histogram shows weakening bearish momentum, further supporting the case for a reversal. 🔄 5. Resistance and Breakout Levels 🟡 If NIFTY holds the accumulation zone, key resistance levels to watch: 23,300 and 23,700. Breaking these could pave the way for new all-time highs! 🌟 6. What to Watch For 👀 Volume Confirmation: A spike in buying volume around this zone will validate accumulation and signal strong upward momentum. Price Action: Look for bullish candlestick patterns like hammers, engulfing, or inside bars. Conclusion 🏁 NOTE↣ NIFTY 50 is approaching a pivotal moment. The "Accumulation Zone" offers an opportunity for traders and investors alike. 📉➡️📈 If this zone holds, expect a potential reversal with NIFTY aiming for new highs. 🚀🔥 Keep an eye on price action, volume, and RSI to confirm the trend! Happy Trading! 💹 🔴Disclaimer: I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only.Investments and securities are subject to market risk. Please carefully assess your risk tolerance before making any decisions. If you really like this idea please iike,share,subscribe @Alpha_strike_trader
NSE:NIFTYLong
by Alpha_strike_trader
2
Nifty 50: Bearish Trend with Key Support LevelsOverview of the Chart: The chart represents the daily candlestick pattern for the Nifty 50 index, combined with the following indicators and tools: ZLMA (Zero Lag Moving Average) for 50 and 100 periods. Fibonacci Retracement Levels drawn from the most recent high to low. RSI (Relative Strength Index) to measure momentum and overbought/oversold conditions. MACD (Moving Average Convergence Divergence) to analyze momentum and trend direction. ZLMA (Zero Lag Moving Averages): 50 ZLMA (Black Line): This represents the short-term trend. The index is currently trading below this moving average, indicating bearish momentum in the short term. 100 ZLMA (Blue Line): This acts as a long-term trend indicator. The index is also below this level, signaling a weakening trend in the medium to long term. The convergence of these two ZLMAs suggests a key resistance zone around the 24,000–24,150 range. Until the price breaks above these levels, the overall bias remains bearish. Fibonacci Retracement Analysis: The Fibonacci retracement levels are drawn between the recent swing high of 26,282.35 and swing low of 21,296.50. Key levels: 23.6% Retracement (25,105.70): This acted as resistance during earlier retracements and failed to hold. 38.2% Retracement (24,377.75): Another resistance level where the price struggled and has recently broken down. 50% Retracement (23,789.40): The index is now below this level, which may act as immediate resistance. 61.8% Retracement (23,201.10): The current level is hovering close to this support. If breached, the next target would be the 78.6% retracement (22,363.45). The inability to reclaim higher Fibonacci levels reinforces the bearish trend. RSI (Relative Strength Index): Current RSI: 35.05, below the neutral level of 50. The RSI is nearing the oversold region (below 30), which might indicate a potential bounce. However, this is not confirmed yet, as momentum remains weak. Previous RSI divergence patterns do not suggest immediate reversal signals. MACD (Moving Average Convergence Divergence): MACD Line (-173.87) is well below the signal line (-235.40), confirming the bearish momentum. The histogram bars remain negative, showing no signs of reversal yet. The MACD's placement suggests that the bearish phase is intact and any uptrend might be corrective. Volume Analysis: The volume appears consistent but does not show any significant spikes. This suggests a lack of strong buyer interest at the current levels. Declining volume during pullbacks indicates weak bullish attempts. Current Levels to Watch: Support Levels: 23,201.10 (61.8% Fibonacci) and 22,363.45 (78.6% Fibonacci). Resistance Levels: 23,789.40 (50% Fibonacci), followed by 24,150 (near the ZLMA 50 and 100). Conclusion: The Nifty 50 index is in a bearish phase, trading below its key moving averages and important Fibonacci levels. The RSI and MACD confirm the negative sentiment. However, the proximity to the 61.8% Fibonacci retracement level and oversold RSI suggests that there might be a short-term bounce, especially if 23,201.10 holds as support. A failure to hold this level would open the doors for a deeper correction towards 22,363.45. Traders should closely watch volume and price action near these support and resistance levels to further confirmation of trend direction. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
NSE:NIFTY
by teakfinance
#NIFTY Intraday Support and Resistance Levels - 14/01/2025Today nifty will open gap up near the 23200 level. After opening it will face resistance at this level. Small upside rally expected if nifty starts trading above 23200 level this rally can goes upto 23350 level. Expected strong rejection from this level and further downside movement in nifty. After reversal confirmation from this level downside expected target will be upto 23050. Further strong fall in index expected below 23000 level.
NSE:NIFTY
by TradZoo
NIFTY : Trading Levels and Plan for 14-Jan-2025Trading Plan for 14-Jan-2025 This structured plan outlines potential strategies for different opening scenarios. Follow it step by step to make informed decisions and manage risk effectively. Scenario 1: Gap-Up Opening (100+ Points Above 23,091) 🟢 A gap-up opening often indicates strong bullish momentum, but it’s crucial to watch for resistance at key levels. Key Levels: Focus on 23,239 (Immediate opening resistance) and 23,374 (Last intraday resistance). Plan of Action: If Nifty opens near 23,239 and shows signs of rejection, wait for a bearish confirmation candle. Enter a short trade targeting 23,091 . If it sustains above 23,239 , consider a long trade with a target of 23,374 . Place a stop loss below 23,239 . Risk Management Tip: For options, use call spreads instead of naked call buying to reduce time decay losses. Scenario 2: Flat Opening (Near 23,091) 🟡 Flat openings indicate neutral sentiment, often requiring more patience for market direction. Key Levels: Monitor the No-Trade Zone (23,048 - 23,091) . Plan of Action: Avoid trading within the No-Trade Zone unless a breakout above 23,091 or a breakdown below 23,048 occurs. Above 23,091 : Initiate a long trade with a target of 23,239 . Place a stop loss below 23,091 . Below 23,048 : Go short with a target of 22,900 . Stop loss above 23,048 . Risk Management Tip: Avoid impulsive trades. Let the market establish direction first. Scenario 3: Gap-Down Opening (100+ Points Below 23,048) 🔴 A gap-down opening suggests bearish sentiment. Look for opportunities near strong support levels. Key Levels: Focus on 22,825 - 22,689 (Buyer’s Try Zone). Plan of Action: If Nifty approaches the Buyer’s Try Zone and shows a bullish reversal, initiate a long trade with a target of 23,048 . Stop loss below 22,689 . If it sustains below 22,689 , consider a short trade targeting 22,600 . Risk Management Tip: Use option strategies like put spreads to limit risk in highly volatile markets. Tips for Risk Management in Options Trading: ✔️ Avoid trading aggressively during the first 15 minutes of market opening. Let volatility settle. ✔️ Focus on spreads (e.g., bull call spread or bear put spread) to control risks better. ✔️ Use proper position sizing: Limit risk to 2-3% of your total capital per trade. ✔️ Adjust positions dynamically as levels are tested or broken. Summary and Conclusion: The market is poised for volatile movement on 14-Jan-2025. Stick to the plan and respect the No-Trade Zone for flat openings. Use the Buyer’s Try Zone for potential reversals in case of a gap-down opening. Patience, discipline, and effective risk management will be your key to success. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your research or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY : Weekly Chart Analysis – Elliott Wave Insights 📊 This chart highlights the Elliott Wave corrective structure currently in play. The market is in Wave C correction, providing critical zones for potential opportunities. Let’s dive into the details: 🔍 Wave Analysis Breakdown Wave A – Impulsive Phase The initial bullish rally marked strong upward momentum. This move laid the foundation for the current corrective phase. Wave B – Corrective Pullback A partial retracement of Wave A, showcasing indecision and consolidation. Wave C – Ongoing Correction Prices are now completing the corrective Wave C, which typically ends in critical support zones: Primary Zone: 23,054 – 22,742 Extended Zone: 21,893 – 21,618 These zones act as potential reversal levels for a new bullish wave. 📉 Key Scenarios to Monitor Bearish Scenario – Breakdown Risks If the price closes below 21,100 on the weekly chart, it would signal a deeper bearish continuation. In this case, expect a drop toward 19,400 – 19,200, which aligns with long-term support levels. Bullish Scenario – Reversal Opportunities If prices find support within Wave C completion zones, a reversal toward 23,500 – 24,000 could materialize. A sustained move above 23,500 would confirm the beginning of a new bullish wave, targeting 25,000 – 26,000. 📌 Support and Resistance Levels Support Zones: Zone 1 (First Completion Zone): 23,054 – 22,742 Zone 2 (Extended Completion Zone): 21,893 – 21,618 Critical Level: 21,100 (break below signals bearish trend). Resistance Levels: First Target: 23,500 – 24,000 Higher Targets: 25,000 – 26,500 (if reversal holds). 💡 Strategy for Investors Short-Term Trading Plan Entry Points: Look for price action confirmation within 23,054 – 22,742 or 21,893 – 21,618. Watch for bullish candlestick patterns (hammer, engulfing) or RSI oversold conditions. Stop-Loss: Place a stop-loss below 21,100 to limit risks. Target Zones: First Target: 23,500 – 24,000. Trail stop-loss for higher targets at 25,000 – 26,000. Long-Term Investment Plan Accumulation Strategy: Use laddered buying within 21,893 – 21,618 and add positions closer to 21,200 if prices dip further. Stop-Loss: Place below 21,000 on all positions. Exit Strategy: Gradually exit at 24,000 and above, holding part of the position for 25,500 – 26,500 if the bullish trend resumes. 🔑 Key Observations Wave C Correction in Progress: Prices are nearing completion zones, creating opportunities for both traders and investors. Confirmation is Key: Wait for bullish signals before entering long positions. Avoid premature entries. Break Below 21,100: This would invalidate the bullish outlook and signal further downside, with targets around 19,400 – 19,200. ⚠️ Risk Management Tips Position Sizing: Invest gradually as prices approach the support zones. Avoid Overleveraging: Use a small portion of your capital per trade to minimize risks. Strict Stop-Losses: Stick to the 21,100 threshold to protect against large losses. 🚀 Final Takeaway This Wave C correction offers significant opportunities near the support zones, but patience and confirmation are essential. A strong rebound could set the stage for the next bullish cycle, while a breakdown below 21,100 could lead to deeper corrections. Stay disciplined and follow your trading plan! 📈
NSE:NIFTY
by LiveTradingBox
Nifty is close to Bottom!!!In my view Nifty is close to Bottom around 23K or we are headed for a structural bear market with targets of 18K or so.....and I don't believe the second is possible given that we are in good shape as an economy. My hypothesis - dooms day isn't around: - at around 23200 there is a double bottom pattern and markets could rebound from here - In my view there is a head shoulder pattern visible on Nifty and the neck line is around 23K and if this is broken then the downside is all the way down to sub 20K - which is a doom's day scenario and that won't happen - Like I mentioned before very bullish on RIL and IT sector to ensure we don't go into dooms day!! Fingers crossed and I think its time to start deploying if you are in cash!!
NSE:NIFTYLong
by nyk255678
The Wave is Shifting: Anticipate NIFTY’s Next Move!Dear Traders, I hope this message finds you well in your trading endeavors and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift. Preliminary Analysis Overview: The correction initiated on September 27, 2024, is a correction for the move from June 17, 2022, to September 27, 2024 (15,183.40 to 26,277.35). This move has spanned over 120 weeks (834 days) in time and 11,093.95 points in price. This necessitates a long-term and deeper correction, which is currently underway. This can be visually represented by the trend lines: The downward trend from the all-time high continues, which is currently experiencing a corrective phase within a larger correction. There are two potential phases for the ongoing trend: Phase I: The initial phase of correction primarily tested the .236 R of the aforementioned motive wave (refer to the figure below): Following the correction, there is a correction within the correction in a larger degree (although the primary downtrend remains intact). This internal correction is anticipated to rise further to test 0.146 R and 0.073 R of the long-term bull market (serving as potential resistances). RI – 24,254.10 RII – 24,600 ~24,657 RIII – 25,100 ~25,120 *These values are not actual but merely levels. Time resistances are anticipated on January 9th and February 17th (of considerable strength). Reference: Phase II: Following the completion of the internal correction, the market is anticipated to resume its current downward trend in a more significant manner to test the 38.2 R (21,500 levels) + static support junction, which will be further discussed as the market evolves. --- **Important Dates to Remember: ** Please note the following significant economic indicators and their release dates: **January 8, 9, and 10: ** Federal Open Market Committee (FOMC) meeting and employment data release (NFP). **January 13 and 14: ** Inflation data release. **January 13-16: ** Sales and inflation data release. --- **Final Verdict: ** The current uptrend is considered interim. The primary trend remains downward and is anticipated to persist further and deeper. This trend is expected to test the 38.2% resistance level coinciding with the 21,360-support level. --- **Strategy: ** Given the prevailing market conditions, adopting a bullish stance appears prudent. Key levels to monitor include 24,657 and 25,120, which are expected to be tested. It is imperative to remain vigilant and informed about potential opportunities that may arise. ------ Fellow Traders, The creation of this valuable analytical resource has required countless hours of dedication and effort. If you find it useful, I humbly request your support by boosting the idea and following me (updates will be provided via this post, new posts, and through minds). Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article. Wishing you profitable and fulfilling trading endeavors! Disclaimer: Before concluding, I must emphasize that the insights shared are based on my analysis. It is crucial for you to conduct your own research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial objectives and risk tolerance.
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY : Trading Plan and Important levels for 13-Jan-2025Key Levels to Watch: Profit Booking Zone: 23,775 – 23,830 Last Intraday Resistance: 23,663 Opening Resistance: 23,588 – 23,613 No Trading Zone: 23,437 – 23,470 Opening Support: 23,339 Initial Support: 23,250 Buyer's Support Zone: 23,057 – 23,094 Gap Up Opening (100+ Points Above) If Nifty opens above 23,613: Monitor price action near the 23,663 resistance zone. A breakout with strong volume above this level can lead to a rally towards the Profit Booking Zone at 23,775–23,830. Consider initiating long positions if confirmation occurs. If the price struggles near 23,663, wait for a rejection pattern and evaluate for potential pullback trades back to the Opening Resistance zone (23,588–23,613). 💡 Risk Management Tip: When trading gap-ups, avoid entering impulsively. Let the price settle for the first 15 minutes. Use tight stop losses for trades near resistance zones. Flat Opening (±50 Points Around 23,437) If Nifty opens within the No Trading Zone (23,437–23,470): Stay cautious and avoid taking trades until the price breaks out of this consolidation range. A breakout above 23,470 with strength can lead to a move toward the Opening Resistance zone (23,588–23,613). Enter long positions only after a successful retest of this breakout. A breakdown below 23,437 could push the price toward Opening Support (23,339). Short positions can be initiated after confirmation. 💡 Risk Management Tip: Avoid overtrading in no-trade zones. Patience is key to spotting high-probability setups. Gap Down Opening (100+ Points Below) If Nifty opens below 23,339: Watch for buying opportunities in the Initial Support zone (23,250). If the price forms a bullish reversal pattern, consider entering long trades targeting the Opening Resistance zone (23,588–23,613). If selling pressure persists and Nifty moves toward the Buyer's Support Zone (23,057–23,094), this zone becomes crucial for long trades with tight stop losses. A breach of 23,057 with strong volume can lead to further downside. Avoid long trades until support is regained. 💡 Risk Management Tip: In gap-down scenarios, avoid catching falling knives. Use smaller lot sizes and wait for strong reversal signals before entering trades. Summary & Conclusion For a gap up, focus on levels above 23,613 and monitor the resistance zones carefully for breakouts or rejections. For a flat opening, wait for a breakout or breakdown from the No Trading Zone (23,437–23,470) to avoid false moves. For a gap down, be patient around Initial Support (23,250) or Buyer's Support Zone (23,057–23,094) for reversal trades. 💡 Options Trading Tip: Use OTM strikes near key levels for intraday trades. Always hedge your positions, especially in volatile conditions. Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult with your financial advisor before taking any trades. Trade responsibly!
NSE:NIFTY
by LiveTradingBox
#Nifty50 What Lies Ahead for Nifty & S&p500,13-17th Jan 2025The Nifty Index experienced a sharp decline this week, closing at 23,431, a significant 570 points below the previous week's close. While the index reached a high of 24,089, it ultimately succumbed to selling pressure, finding support at 23,344. As forecasted, the Nifty traded within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined within a range of 23,950 to 22,900 . Given the prevailing bearish sentiment, a potential short-term bounce could unfold next week to lure in unsuspecting buyers before a renewed downward move. Historically, whenever the Nifty has breached the support of the 50-week Exponential Moving Average (WEMA50), it has typically undergone a 5-6% correction. Based on the current level of 23,431, the Nifty may find crucial support near the 22,200-22,400 zone. Turning to the US markets, the S&P 500 found support at the 100-day Exponential Moving Average (DEMA100) level of 5,817 and closed at 5,827. The upcoming week will be pivotal. If the S&P 500 successfully defends the 5,807 low, a potential rally towards the 5,926-5,944 range could materialize. However, a weekly close below the 5,800 mark would signal a significant bearish turn for global markets, potentially triggering a deeper correction towards the 5,637 or even 5,504 levels. Wishing readers a very happy Lohri and Makar Sakranti.
NSE:NIFTYShort
by ssudhirsharma11