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NIFTY : Trading Plan and levels for 11-Dec-2024Trading Plan for Nifty on 11-Dec-2024 Intro for the Previous Day's Chart Pattern : On 10-Dec-2024, Nifty exhibited a mixed trend with a sharp shift in demand zones. The chart revealed a significant buyer's support near the CHoCH (Change of Character) level, with a consolidation phase observed in the "No Trade Zone." The yellow trend marked sideways action, while green and red trends indicated bullish and bearish movements, respectively. The index also faced resistance in the liquidity zone, signaling profit-booking scenarios. Trading Plan for 11-Dec-2024 : Gap-Up Opening (+100 points or more above 24,620): A gap-up opening above 24,720 would position the index near the liquidity zone. Traders should: Wait for the first 15-30 minutes to observe price stability. If Nifty sustains above 24,780 (liquidity zone), initiate long trades targeting 24,891 (Resistance/Profit Booking Zone). Place a stop loss below 24,652 (Opening Resistance/Support Zone) on a closing basis. If prices face rejection near 24,820 , wait for a bearish hourly candle to confirm a downside move towards 24,680 . Avoid aggressive buying in the resistance zone. Flat Opening (near 24,620): A flat opening suggests indecision. Plan of action: Let the market settle for 15-30 minutes within the "No Trade Zone." Breakout above 24,652 can lead to bullish momentum, targeting 24,780 and higher. Breakdown below 24,541 could initiate bearish moves targeting 24,374 and 24,338 . Risk management is crucial here; tight stop losses are essential to avoid unnecessary losses. Gap-Down Opening (-100 points or more below 24,620): A gap-down opening near 24,500-24,480 will likely test the buyer's strong support zone around 24,374 . Actions to consider: If Nifty holds above 24,374 , initiate long trades for a reversal, targeting 24,541 (Opening Support Zone). If the index breaches 24,338 , prepare for further downside with targets at 24,280 . Wait for clear rejection or reversal patterns to confirm your entries. Avoid panic-selling in bearish moves. Tips for Options Trading Risk Management: Trade with defined stop losses and avoid holding positions beyond your risk appetite. Use "ATM" (At-The-Money) options for quicker returns in trending markets. For sideways trends, prefer strategies like straddle or strangle. Avoid over-leveraging, and never risk more than 2-3% of your trading capital on a single trade. Summary and Conclusion: Nifty's movement on 11-Dec-2024 will hinge on its ability to sustain critical zones like 24,652 and 24,374 . While green trends indicate bullish potential, red trends signal caution for bearish moves. Adhering to risk management principles and waiting for clear price action confirmation will enhance your trade quality and reduce unnecessary losses. Disclaimer: I am not a SEBI-registered analyst. All information provided is based on personal research and is for educational purposes only. Traders should perform their own analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
1
Nifty Intraday Trade Setup | 10th DecemberNifty opened with gap-down near our buy level 24640 but gave a sharp bounce towards 24705 and then started falling. Nifty broke our sell level 24640 and hit 1st target on sell side at 24590. After that it was trading in a range. For tomorrow, we will look for the sell opportunity either from 24700 - 24690 or if breaks 24580 for the targets of 24530 and below marked level on the chart. Expectations: Trending day Intraday Levels: Buy Above - Sell on rise Sell Below - 24580 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
1
NIFTY : Trading Levels and Plan for 10-Dec-2024Trading Plan for Nifty 50 – 10-Dec-2024 Intro: On the previous trading day, Nifty witnessed a mix of consolidation and momentum shifts. The Liquidity Zone around 24,767 acted as a crucial resistance level, while support near 24,541.65 helped stabilize the index. The chart shows a No Trade Zone between 24,626.60 and 24,652.35, indicating indecisiveness. A clear trend above or below this range will dictate the next move. Yellow signifies sideways movement, green shows bullish potential, and red highlights bearish breakdowns. Opening Scenarios: Gap-Up Opening (+100 Points): If Nifty opens near 24,767 or higher, it will test the Opening Resistance . This level aligns with the Liquidity Zone observed previously. Action Plan: A breakout above 24,767 could push the index toward the Profit Booking Zone at 25,053. Enter long positions only if the first 15-minute candle closes above 24,767, with a stop loss at 24,652.35. If rejection occurs at 24,767, expect a pullback toward 24,652.35. Short positions can be considered below 24,767, targeting the No Trade Zone. Risk Management Tip: Avoid aggressive positions at key resistance zones. Use limited-risk strategies like debit spreads to manage exposure. Flat Opening: If Nifty opens near 24,652.35, it enters the No Trade Zone . This is a neutral region, and waiting for a clear breakout or breakdown is recommended. Action Plan: A breakout above 24,652.35 can lead to a bullish move toward 24,767. Initiate long positions with tight stop losses at 24,541.65. A breakdown below 24,626.60 could trigger bearish momentum, targeting 24,541.65. Consider short trades in this scenario, with stop losses at 24,652.35. Risk Management Tip: Avoid overtrading in consolidation zones. Use trailing stop losses to secure profits during volatile phases. Gap-Down Opening (-100 Points or More): If Nifty opens near 24,541.65 or lower, it will test the Opening Support or even the Buyer's Strong Support near 24,338. Action Plan: Watch for a bullish reversal near 24,338. If the price sustains above this level, initiate long positions targeting 24,541.65. Use 24,300 as a stop loss. A breakdown below 24,338 could lead to a bearish continuation toward 24,200. Short positions can be initiated in such cases, with stop losses above 24,338. Risk Management Tip: In gap-down scenarios, prioritize hedged strategies like iron condors to mitigate large swings. Summary & Conclusion: Resistance Levels: 24,767 , 25,053 Support Levels: 24,541.65 , 24,338 , 24,200 A breakout or breakdown from the No Trade Zone will set the directional bias for the day. Traders should remain cautious and avoid emotional trading. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor or conduct independent research before trading.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 9th DecemberNifty opened flat as because of RBI Policy we saw some volatility in first hour but then Nifty traded in a small range whole day and it was more of a options sellers day. For tomorrow, if Nifty sustains above 24755 you can consider buying for 27800 and above marked level. On the other side, if Nifty sustains below 24640 you can consider taking a sell trade for the target of 24590 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24755 Sell Below - 24640 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Riding the Correction: Unlocking NIFTY’s Next Chapter!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. The recent upward movement & the following correction in the market have unfolded as anticipated. Over the past two months, my analysis has consistently pointed to an expected correction due to market overvaluation and distinct completion patterns. Technical Analysis Overview: There are three potential scenarios for the ongoing trend, ranked based on their likelihood of occurring. Scenario I: The move initiated from 20 MAR’23 – 27 SEPT’24 (16,828.35 – 26277.35) has spanned over 80 weeks (18M) and indicates a significant completion of wave patterns, suggesting an imminent correction. See the visual representation of the trend lines and corresponding fib retracement levels here: The correlation between static supports can be observed around 23,893.70 and 21,181.45. This correction is expected to be visible within a 3-month timeframe. Potential support levels include S – I: 24,893 ~ 24,753 ~ 24,430 levels, S – II: 24,050 ~24,000 levels and S – III: 23,683 levels. *These values are not actual but just levels The correction might extend to deeper levels (22,664 & 21,550) as the market progresses. Time resistances are anticipated on 09th OCT, 17th OCT, and 30th OCT for all probable scenarios. --------------- Scenario II: The move from 26 OCT’23 – 27 SEPT’24 (18,837.85 – 26,277.35) has completed mid-way and is expected to continue after this correction, potentially reaching unprecedented levels. Find the visual representation of this move with trend lines & fib retracements here: The range of this move is limited to the monthly timeframe, indicating the completion of 1 year from the start of this sub-trend. Potential support levels include, S – I: 24,525 ~ 24,378 levels, S – II: 23,900 ~ 23,893.70 levels and S – III: 23,450 levels. --------------- Scenario III: The move from 04 JUN’24 – 27 SEPT’24 (21,121.45 – 26,277.35) has almost completed its half journey and is facing a correction before extending its uptrend by a few more waves. While this scenario has the lowest probability compared to the others, it is essential to consider its potential impact on the current trend. The pictorial representation can be seen here: Further details are not added as the market actions till now does not validate this probability. --------------- Other Influential Factors: Geo-political tensions and concerns regarding escalation have historically preceded corrections prior to the US presidential elections, indicating a prevailing bearish sentiment. Tensions in the Middle East have also contributed to the market plunge, albeit not solely responsible for it. Additionally, the FED's likely rate cuts have been influenced by the upcoming US elections, and SEBI's regulatory actions aim to curb over-optimism and maintain market neutrality. Important Dates to Remember: Mark your calendars for OCT 9th (RBI interest rate decision @ 10AM) and OCT 10th (US inflation reports). --------------- Final Verdict: While the scenarios are meticulously laid out, the selection of the valid scenario remains a work in progress. We are eagerly awaiting further cues from the market and will provide updates as they unfold. However, one thing remains certain – the current trend has reversed (at least for the mentioned time frames). Therefore, adopting a bearish stance could prove to be profitable. --------------- Strategy: Considering the current market conditions, adopting a bearish stance seems prudent, especially levels around 24,450 ~ 24,000 are to be tested. Keep a close watch on the market and stay informed for potential opportunities. Disclaimer: Before concluding, I must underscore that the insights shared are based on my analysis. It is imperative for you to conduct your 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 goals and risk tolerance. Fellow Traders, Countless hours of dedication and effort have gone into creating this valuable analytical resource. If you find it useful, I humbly ask for your support by boosting the idea and following me (updates will be made via this post, new post & 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, Your readership is greatly appreciated. Wishing you profitable and joyful trading!!!
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY : Trading Plan and Levels for 09-Dec-2024Nifty Trading Plan for 09-Dec-2024 Previous Day's Chart Pattern: On 08-Dec-2024, Nifty displayed a range-bound movement within the No Trade Zone (24,674 – 24,780) , with intermittent attempts to break out on both sides. Buyers showed interest near the liquidity zone around 24,484 , but resistance at 24,780 capped upward momentum. The yellow zone signified consolidation, green highlighted bullish efforts, and red depicted bearish dominance. This creates a balanced yet cautious outlook for the next trading session. Trading Plan for 09-Dec-2024: Gap-Up Opening (+100 points or more above 24,780): If Nifty opens above 24,780: The immediate target will be 24,878 . A sustained move above this level may lead to a test of the profit-booking zone at 25,053 . Enter long positions above 24,780 with a stop loss at 24,730 . Watch for rejection patterns near 24,878 for partial profit booking. In case of a sharp reversal from 24,878, the index could retrace toward 24,780. Avoid aggressive longs if rejection occurs at higher levels. Risk Management Tip: Opt for slightly OTM call options in small quantities. Use trailing stops to secure profits near resistance zones. Flat Opening (Within the No Trade Zone 24,674 – 24,780): A flat opening within the No Trade Zone requires patience: If Nifty breaks above 24,780, initiate longs with targets of 24,878 and 25,053 . On the downside, a fall below 24,674 can lead to a retest of the first buyer’s support at 24,484 . Initiate shorts cautiously with a stop loss above 24,700. Risk Management Tip: Avoid overtrading in a sideways zone. Wait for clear breakouts before taking positions. Avoid weekly options in choppy zones. Gap-Down Opening (-100 points or more below 24,674): If Nifty opens below 24,674: First support lies at 24,484 . If this zone holds, we may witness a reversal toward 24,674. Look for bullish candles to confirm long entries. A break below 24,484 will likely test the liquidity zone at 24,446 or deeper support at 24,374 – 24,338 . Enter shorts below 24,484 with a stop loss near 24,500. Risk Management Tip: For gap-down scenarios, consider put options with a spread strategy to limit losses. Avoid chasing price movements without confirmation. Summary and Conclusion: Nifty's key levels to monitor are 24,674 – 24,780 (No Trade Zone), 24,878 (Opening Resistance), and 25,053 (Profit Booking Zone). The green zones represent bullish trends, yellow highlights consolidation, and red indicates bearish zones. Focus on executing trades only after confirmation and manage risks with disciplined stop-loss placements. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
NIFTY Surges 900+ Points: Massive Gains Unlocked!NIFTY on the 1-hour timeframe displayed an exceptional bullish momentum, achieving 900+ points in profit so far. This long trade setup, captured using the Risological Swing Trading Indicator , has already hit TP1 and TP2, with the remaining targets likely to be reached soon. NIFTY Key Levels: TP1: 24204.50 ✅ TP2: 24786.30 ✅ TP3: 25368.10 🔄 TP4: 25727.65 🔄 NIFTY Technical Analysis: The trade initiated at 23844.95 with a stop-loss at 23554.05, providing an excellent risk-to-reward ratio. The price consistently respected the Risological trend line, confirming the strength of the uptrend. Both TP1 and TP2 have been achieved, showcasing the precision of the system. The breakout above key resistance levels hints at a continuation towards the upper targets. This setup reflects how effectively the Risological Swing Trading Indicator identifies profitable opportunities with minimal risk. Namaste!
NSE:NIFTYLong
by ProfitsNinja
NIFTY : Trading Plan and levels for 06-Dec-2024Trading Plan for Nifty – 06-Dec-2024 Intro to the Previous Day's Chart Pattern: On 05-Dec-2024, Nifty exhibited a volatile session but from the level (excatly where I mentioned in yesterday's trade pan) a significant rally towards the Wave C completion zone but a huge volatility in the prices seen in the last trading hour, . A sharp rejection from this zone reinforced bearish pressure, driving the index back to the Opening Support/Resistance zone at ₹24,697 . The chart highlighted three critical zones: Red Trend: Bearish resistance around Wave C completion ( ₹25,050 ). Yellow Trend: Sideways consolidation in the Opening Resistance Zone (₹24,882–₹24,697) . Green Trend: Bullish momentum originating from the Initial Support Zone (₹24,412) . Trading Plan for 06-Dec-2024 Gap Up Opening (+100 Points): If Nifty opens above ₹24,882 , it will likely face immediate resistance at the Wave C completion zone (₹25,050) . Action Plan: Look for bearish rejections or reversal candlestick patterns near ₹25,050 . A failure to sustain above this level indicates a shorting opportunity, targeting ₹24,697 and ₹24,412 . If Nifty sustains above ₹25,050 for at least two 15-minute candles, it signals a breakout. Go long, aiming for ₹25,300 and ₹25,450 . Risk Management Tip: Use a trailing stop-loss once the trade moves in your favor. For options, consider selling OTM puts below ₹24,700 to benefit from time decay. Flat Opening (Near ₹24,697): A flat opening will test the Opening Support/Resistance zone (₹24,697) . Action Plan: If Nifty holds above ₹24,697 , expect a bullish move towards ₹24,882 . Breakout above this level can lead to ₹25,050 . Failure to sustain ₹24,697 could drag Nifty towards the Initial Support Zone (₹24,412) . Monitor for price rejection at ₹24,412 for potential long entries. Risk Management Tip: For flat openings, avoid aggressive entries. Let the first 30 minutes establish the trend, then act accordingly. Use spreads (e.g., bull call spreads) to cap your risk in options. Gap Down Opening (-100 Points): A gap-down opening near ₹24,412 or below will test key supports. Action Plan: If Nifty finds support at ₹24,412 , look for bullish price action. Enter long positions targeting ₹24,697 and ₹24,882 . If Nifty breaks ₹24,412 , the next critical zone lies at ₹24,224–₹24,142 . Watch for signs of demand in this deep retracement zone for potential reversals. Risk Management Tip: In case of high volatility, trade with reduced position sizes. Use iron condors or straddles to take advantage of elevated option premiums during gap-down scenarios. Summary and Conclusion: Resistance Levels: ₹24,882, ₹25,050 Support Levels: ₹24,697, ₹24,412, ₹24,224 Key levels to watch: A breakout above ₹25,050 or a breakdown below ₹24,412 will dictate intraday momentum. Use proper risk management strategies like trailing stop-losses and avoid over-leveraging in volatile markets. Disclaimer: The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your own research or consult a financial advisor before making any trading decisions. Markets involve risk; trade responsibly.
NSE:NIFTY
by LiveTradingBox
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NSE:NIFTYEducation
by keshevdugar
Nifty Intraday Trade Setup | 5th DecemberNifty opened with a gap-up and gave more up-move in morning, our buy level triggered and Nifty went near 24575 but then we saw a knee jerk reaction and Nifty lost more than 200 points from day high so as per setup SL was taken out. For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24540 Sell Below - 24410 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
3
NIFTY : Trading levels and Plan for 05-Dec-2024Trading Plan for Nifty – 05-Dec-2024 Intro: Previous Day's Chart Pattern Nifty on 04-Dec-2024 displayed mixed momentum, with a clear rejection from the upper resistance zone near ₹24,550 - 24,570. The Yellow trend highlighted a consolidation phase, the Green trend signaled bullish potential during upward retracements, and the Red trend indicated bearish pressure around resistance levels. Key levels such as ₹24,345 acted as support, while the intraday resistance remained prominent at ₹24,772. Plan for Different Opening Scenarios: 1. Gap-Up Opening (Above ₹24,647 by 100+ points) If Nifty opens significantly above ₹24,647: Key Resistance Levels: ₹24,772 and ₹24,804 will be the major zones to watch for profit booking and potential reversals. Action Plan: Allow the first 15–30 minutes for price discovery. Look for pullbacks near ₹24,647 for entry into long positions, with a stop loss below ₹24,612. Targets will be ₹24,772 and ₹24,804. Failure to Sustain Above ₹24,647: If prices fail to hold above ₹24,647, avoid longs and observe price action near ₹24,612 for re-entry possibilities. Risk Management: Tighten stop losses when approaching the resistance zone to secure profits. Avoid aggressive long positions unless the bullish trend sustains. 2. Flat Opening (Within ₹24,316 to ₹24,461) If Nifty opens near its previous close: Key Support and Resistance Levels: ₹24,345 serves as opening support, while ₹24,461 and ₹24,647 are the immediate resistance zones. Action Plan: Wait for a clear breakout or breakdown. Long positions can be initiated above ₹24,461, targeting ₹24,647 and ₹24,772, with a stop loss below ₹24,345. Short positions should be considered if the index breaks below ₹24,345, targeting ₹24,316 and ₹24,220, with a stop loss above ₹24,461. Risk Management: Trade cautiously within this range as the price may exhibit false breakouts. Use smaller position sizes during consolidation phases. 3. Gap-Down Opening (Below ₹24,345 by 100+ points) If Nifty opens below ₹24,316: Critical Support Levels: ₹24,220 will act as a critical support. Failure to sustain this level could lead to extended selling towards ₹24,100. Action Plan: Monitor the first 15–30 minutes. If prices rebound from ₹24,220, consider long positions for targets of ₹24,316 and ₹24,345, with a stop loss below ₹24,200. If prices sustain below ₹24,220, initiate short positions for targets of ₹24,100 and ₹23,950, with a stop loss above ₹24,316. Risk Management: Avoid catching falling prices; confirm reversals before entering trades. Keep positions light in volatile conditions. Tips for Risk Management in Options Trading: Time Decay Awareness: Avoid holding out-of-the-money options close to expiry as premium erosion accelerates. Defined Risk Strategies: Use options spreads like bull call or bear put spreads to cap risk. Avoid Overleveraging: Limit position sizes to avoid large losses during sudden market movements. Monitor Volatility: Consider implied volatility before entering positions; high volatility may lead to expensive premiums. Summary and Conclusion: Nifty’s price action for 05-Dec-2024 revolves around key levels of ₹24,647 on the upside and ₹24,220 on the downside. Traders should focus on these zones for clear directional movements. Proper risk management and a disciplined approach are essential, especially during volatile market conditions. Always confirm the trend before initiating trades and avoid overexposure to options positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be treated as financial advice. Consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox