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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
NIFTY : Trading Plan and Levels for 10-Jan-2025 Introduction: Nifty has been consolidating within a defined range, with 23,622 acting as immediate resistance and 23,490 providing opening support. The "No Trade Zone" marked around 23,557-23,622 highlights areas of indecision where price movement lacks clarity. This trading plan evaluates different opening scenarios, including gap-up, flat, and gap-down openings, considering a gap of 100+ points. Scenarios for 10-Jan-2025: Gap Up Opening (100+ Points Above 23,622): If Nifty opens above 23,622: Monitor Retest of 23,622: A retest and hold of this level can be a potential opportunity to go long, with the first target at 23,787 and a stretch target at 23,843. Place a stop loss below 23,600 to protect capital. Failure to Hold 23,622: If the price fails to sustain above 23,622, expect a correction toward 23,557. Wait for a reversal signal before taking any fresh positions. Options Trading Tip: For a gap-up opening, consider buying call options close to the money if 23,622 holds as support. Avoid buying options with low liquidity. Flat Opening (Near 23,557): If Nifty opens near 23,557: Focus on Breakout or Breakdown: Let the price action settle for the first 30 minutes. A breakout above 23,622 offers a long opportunity, with targets at 23,787-23,843. Break Below 23,490: A breach of 23,490 could lead to a bearish move toward 23,364. Avoid long positions unless there’s a recovery signal around 23,490. Risk Management Tip: Use proper position sizing. Avoid risking more than 2% of your capital on any single trade. Gap Down Opening (100+ Points Below 23,490): If Nifty opens below 23,490: Watch for Reversal at 23,364: This support zone may attract buyers. Look for bullish reversal patterns to go long, targeting 23,490. Break Below 23,364: A breach below 23,364 could lead to a significant downside toward 23,251. Aggressive short positions can be taken only after confirmation with a stop loss above 23,364. Options Trading Tip: For a bearish gap-down, consider buying put options near resistance levels or selling call spreads for a safer risk-reward ratio. Summary and Conclusion: Nifty’s price action around 23,622 and 23,490 will determine the market’s trend for the day. Avoid trading within the "No Trade Zone" (23,557-23,622) unless a clear breakout or breakdown is visible. Risk management is key, especially in volatile conditions. Always use stop losses and stick to your trading plan. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult your financial advisor before taking any trades. Trade responsibly.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 9th January 2025Nifty opened with a gap-up, faced resistance exactly at our buy level 23750 and came down. Nifty broke sell level 23640 around 10:15 and hit all our targets on downside. We have seen recovery from 23500 levels in second half. Tomorrow, Buy Nifty if sustains above 23750 for the targets of 23800 and above marked level. On the other side, Sell Nifty if sustains below 23630 for the targets of 23580 and below marked level on the chart. Expectations: Range-bound day Intraday Levels: Buy Above - 23750 Sell Below - 23630 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Bearish or Bounce Ahead? Here’s my detailed analysis and outlook for Nifty based on daily and weekly charts: Daily Chart Insights Trend: Nifty is in a clear downtrend with lower highs and lows since breaking 24,000. Currently consolidating near 23,500, which acts as a critical support zone. Volume Profile: High selling volume on down days shows persistent institutional pressure. Buyers are defending 23,500, but no strong confirmation of reversal yet. Key Levels: Resistance: 23,800-23,850: Immediate resistance with heavy Call OI. 24,050: Higher timeframe resistance. Support: 23,500: Immediate support. 23,400-23,350: Breach could lead to more downside. Indicators: RSI: Near oversold (~40), but no bullish divergence. Moving Averages: Below 50-DMA and 200-DMA, confirming bearish momentum. Weekly Chart Insights Trend: Downtrend continues, with Nifty failing to reclaim critical levels like 24,200. Last week’s bearish candle shows sellers remain dominant. Volume Profile: Increased selling volume on red candles confirms institutional sell-off. Buyers look weak below 23,500. Key Levels: Resistance: 24,000-24,200: Strong supply zone. 24,400: Major resistance for any upside rally. Support: 23,400-23,350: Breakdown could lead to 23,000. 23,000: Psychological and historical support zone. Indicators: RSI: Around 35, nearing oversold territory but with downside room. MACD: Bearish crossover confirms momentum on the downside. Prediction for the Month Bearish Case (High Probability): Failure to reclaim 23,800 could continue the downtrend. Breach of 23,500 may lead to: Target 1: 23,350. Target 2: 23,000. Bullish Case (Low Probability): Breakout above 23,800 could trigger a short-term rally: Target 1: 24,050. Target 2: 24,400. Outlook: The market remains moderately bearish for the next month unless strong buying emerges at 23,500 or a breakout above 23,800 occurs. What’s your view? Let’s discuss! Disclaimer: This is my personal analysis and not financial advice. Please trade responsibly.
NSE:NIFTY
by thirdeyecs
NIFTY : Trading levels and Plan for 09-Jan-2025Trading Plan for NIFTY - 9-Jan-2025 Intro - Plan vs. Actual for 8-Jan-2025 Yesterday's plan highlighted key levels, with 23,483 - 23518 acting as support and excalty from those level saw a smart recovery. and ended up at flat not. The yellow trend marked the sideways movement, while bearish momentum was evident in the red trend zone. Today's chart builds upon the prior analysis, with updated levels and a strategy for all opening scenarios. Trading Scenarios for 9-Jan-2025 Gap-Up Opening (Above 23,860) If Nifty opens above 23,860 , monitor for rejection near the Profit Booking Zone (24,070) . Look for a bearish hourly candle close in this zone to consider selling opportunities, targeting 23,817 (opening resistance). If strength persists, expect a bullish breakout, targeting 24,150+ . Action Plan: Wait for rejection candles in the profit booking zone for a potential short. For bullish trades, buy only on sustained breaks above 24,070 . Risk Management: Use 23,950 as a stop-loss for shorts and 23,860 for longs, based on hourly closes. Flat Opening (Between 23,611-23,817) A flat opening around the 23,675 zone requires caution. Watch for price action at 23,817 . A failure to break this resistance could lead to bearish moves, targeting 23,611 and 23,545 . Conversely, a breakout above 23,817 may turn bullish, with upside potential toward 23,860 . Action Plan: Wait for price confirmation near 23,817 . Use stop-losses 20-30 points above or below breakout/rejection levels. Risk Management: Trade with minimal risk exposure during the opening 30 minutes to let the trend settle. Gap-Down Opening (Below 23,545) In case of a gap-down, observe the 23,545 level for signs of support. Failure to hold may lead Nifty toward the Last Intraday Support Zone (23,432) . Bulls may defend this zone aggressively, offering a potential buying opportunity. Action Plan: Look for long opportunities only near 23,432 , with targets back toward 23,545-23,611 . If selling persists, avoid aggressive longs below 23,432 . Risk Management: Use 23,400 as a strict stop-loss for longs in the gap-down scenario. Tips for Options Trading Focus on weekly ATM options to minimize premium decay. Avoid holding positions during volatile periods unless you have a strict exit strategy. Use spreads to hedge directional trades, especially in uncertain market conditions. Summary and Conclusion The market's reaction to the key levels will determine the trend. Respect the zones: 23,817 as resistance and 23,611 as support. Patience during the opening 30 minutes can lead to better trade entries. Yellow indicates sideways, green indicates bullish, and red indicates bearish trends. Disclaimer : This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 8th January 2025Nifty opened with a gap-up, came down and taken support near our buy level 23660 but Nifty traded in a range whole day today so it was a typical options sellers day. Tomorrow, Buy Nifty if sustains above 23800 for the targets of 23850 and above marked level. On the other side, Sell Nifty if sustains below 23640 for the targets of 23590 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23800 Sell Below - 23640 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty's Key Levels & Trade Plan for 08/01/25 Hi Guys, Here’s the breakdown of my Nifty analysis for today: Resistance Levels: 23,800: Immediate resistance. 23,880: Strong selling zone; breakout could lead to 24,050. Support Levels: 23,600: Key support with high Put OI. 23,500: Psychological level; a breakdown could take us to 23,400. My Trade Plan: Buy Above 23,810: Target 1: 23,880 Target 2: 24,050 Stop-Loss: 23,780 Sell Below 23,590: Target 1: 23,500 Target 2: 23,400 Stop-Loss: 23,620 View: The market looks range-bound between 23,600 and 23,800 unless we see a breakout or breakdown with strong volume. Stay cautious of false moves! Disclaimer: This is purely my personal analysis and not financial advice. Please trade based on your own research and risk management. What’s your view on today’s price action? Let’s discuss!
NSE:NIFTY
by thirdeyecs
NIFTY : Trading levels and Plan for 08-JAN-2025Nifty Trading Plan for 08-Jan-2025 Intro: Review of 07-Jan-2025 Plan Yesterday's trading plan accurately highlighted the Opening Resistance Zone (23,849-23,888) , which acted as a cap for bullish momentum, and the Opening Support Zone (23,673-23,604) , which provided a bounce. The market respected these levels with a predominantly sideways movement (Yellow Trend). The Best Buying Zone (23,251-23,362) remained untouched, keeping the downside potential intact. For 08-Jan-2025, we focus on three opening scenarios: Gap-Up, Flat, or Gap-Down, with actionable strategies and clear risk management guidelines. Opening Scenarios: Gap-Up Opening (100+ points above previous close): If Nifty opens above 23,888 , the Opening Resistance Zone (23,849-23,888) will likely act as a critical area. A breakout above 23,888 with volume could push Nifty toward the next resistance at 24,081 . Go long on confirmed breakout candles with small retracements. A rejection near 23,888 could result in a pullback to test 23,673-23,604 . Wait for reversal confirmation before entering short positions. less Copy code Risk Management Tip: Avoid aggressive CE buying after a large gap-up; instead, use intraday dip-buying strategies or spreads for better risk control. Flat Opening (Near previous close): A flat opening around 23,694 could lead to a range-bound session (Yellow Trend). This scenario requires patience and precise execution: A bullish breakout above 23,849 could lead to upside momentum, targeting 23,888 and 24,081 . On the downside, a breakdown below 23,604 could initiate bearish momentum, with targets at 23,483-23,518 . vbnet Copy code Risk Management Tip: Use option straddle strategies to benefit from potential sideways movements. Avoid overtrading in choppy market conditions. Gap-Down Opening (100+ points below previous close): If Nifty opens below 23,604 , focus on the Opening Support Zone (23,483-23,518) for potential reversals. A bounce from 23,483-23,518 can provide a buying opportunity, targeting 23,604 and above. A breakdown below 23,483 may trigger a bearish trend (Red Trend) toward the Best Buying Zone (23,251-23,362) . Wait for proper confirmation before initiating short trades. less Copy code Risk Management Tip: For gap-down scenarios, use PE options or bear put spreads with defined risks. Be cautious of sharp reversals after a gap-down. Key Levels to Watch: Support Zones: 23,673-23,604, 23,483-23,518, and 23,251-23,362. Resistance Zones: 23,849-23,888 and 24,081. Summary & Conclusion: Nifty is trading within a structured range, offering clear opportunities for intraday trades based on levels. Stick to disciplined execution, and do not chase trades without confirmation. Use options strategies to manage risk and maximize returns in volatile conditions. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 6th January 2025Nifty opened flat, morning opening price was the day high and Nifty started falling soon after open. Nifty made low around 23975 and closed new day low. Tomorrow, Buy Nifty if sustains above 24055 for the targets of 24105 and above marked level. On the other side, Sell Nifty if sustains below 23920 for the targets of 23850 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24055 Sell Below - 23920 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4