#NIFTY Intraday Support and Resistance Levels - 20/01/2025Flat or slightly gap up opening expected in nifty. After opening it will face resistance at 23250 level expected downside movement from this level upto the 23050 in today's session. If nifty starts trading and sustain above the 23300 level then expected upside movement upto the 23500+. 23500 level will act as a strong resistance for today's session.
Niftytradesetup
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.
#NIFTY Intraday Support and Resistance Levels - 21/01/2025Gap up opening expected in nifty. Expected opening near 23350 level. After opening possible nifty will consolidated in between 23300-23400 zone. If nifty starts trading and sustain above 23400 then expected sharp upside rally upto 23600+ level. Any major downside only expected below 23300 level.
NIFTY 50 in Rangebound Movement, Poised to Break Resistance..!The NIFTY 50 index is currently navigating a rangebound market, attempting to break through a short-term resistance level at 23360 rs. So far, it has tested a significant support level of 23100 rs on two separate occasions, indicating a critical point for potential market stability or decline. Investors should exercise caution, as disappointing quarterly results could weigh heavily on market sentiment and increase volatility. Keeping a close eye on these developments is essential for making informed decisions.
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.
"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.
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#NIFTY Intraday Support and Resistance Levels - 17/01/2025Flat opening expected in nifty. After opening it will face resistance zone at 23350-23400 level. Any strong bullish rally only expected above the 23400 level breakout. Downside 23150 act as a support for today's session. Any reversal downside rally can be goes upto this support level in today's session.
#NIFTY Intraday Support and Resistance Levels - 16/01/2025Gap up opening expected in nifty. Expected opening near 23400 level. 23350-23400 will act as a strong resistance for today's session. Strong upside rally only expected if nifty starts trading above 23400 level. This rally can goes upto 23600+ level in today's session. Downside expected below 23350 level. This downside can goes upto 23050 level.
#NIFTY Intraday Support and Resistance Levels - 15/01/2025Gap up opening expected in nifty. After opening nifty will face resistance at 23350 level and expected reversal from this level towards the downside movement upto 23050 level. This downside can be extend for further strong sell side if nifty starts trading below 23000 level. Any major upside rally only expected if nifty gives the breakout and sustain above the 23400 level.
BUY NIFTY 23000 PE 16TH JAN @ 35 - 30 | NIFTY SELL TRADENIFTY 23000 PE 16TH JAN EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is weak and we are looking for sell on rise opportunity. We recommend considering the purchase of the 23000 Put Option (16th January expiry) in the price range of 35 - 30.
Target levels are set at 55 and 75 with SL @ 10.
Regards,
OptionsDaddy Research Team
#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.
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.
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.
#NIFTY Intraday Support and Resistance Levels - 13/01/2025Gap down opening expected in nifty near the 23350 level. After opening if nifty starts trading below 23350 level then expected quick downside rally upto 23200 level. For today's session 23200 level will act as a important support for nifty. Upside 23500 level will act as a strong resistance. Any upside rally can be reversal from this level. Bullish movement in index only expected above 23550 level.
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!
#NIFTY Intraday Support and Resistance Levels - 10/01/2025Today will be flat opening expected in nifty. After opening important level for nifty is 23500 level. In case nifty starts trading below this level then expected strong downside movement in index. Above this level expected nifty will consolidate in between range of 23550-23750 levels. Below 23500 level next support for nifty will be 23200 so 250-300+ points rally expected below this level.
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.
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
#NIFTY Intraday Support and Resistance Levels - 09/01/2025Flat opening expected in nifty. After opening expected downside rally from the resistance zone near 23750 level. This downside movement can goes upto 23550 level. Any bullish rally only expected if nifty starts trading and sustain above 23800 level. This bullish rally can goes upto 24050 level after the breakout. Downside below 23500 level sharp fall expected in nifty upto the 23200 level.
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.
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
#NIFTY Intraday Support and Resistance Levels - 08/01/2025Flat opening expected in nifty near the 23750 level. No major changes in yesterday's levels due to the consolidation movement. Expected downside movement if nifty trading below 23750 level this downside movement can goes upto 23550 level. Any major upside rally only expected above the 23800 level.