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NIFTY : Trading levels and Plan for 14-FEB-2025🔹 Key Levels: 📌 Resistance Zones: 🔴 Last Intraday Resistance: 23,262 – 23,306 🔴 Opening Resistance: 23,119 – 23,185 📌 Support Zones: 🟢 Opening Support/Resistance: 23,015 – 23,019 🟢 Buyer’s Support at Golden Retracement: 22,922 – 22,880 🟢 Stronger Buyer’s Support for Sideways/Consolidation: 22,677 – 22,742 📌 EMA: Price is reacting to the moving average, which could act as dynamic support/resistance. 📊 1️⃣ Gap-Up Opening (100+ points above previous close) If NIFTY opens above 23,185: Watch for rejection at 23,262 – 23,306: If price struggles, consider a short trade with SL above 23,320. Target: 23,185 – 23,100. Sustained breakout of 23,306? Expect bullish momentum. Enter on a retest for targets 23,350 – 23,400. Avoid impulsive longs at open: Wait for price to consolidate before entering trades. 💡 Pro Tip: If price rejects 23,262, sellers might step in aggressively. Consider buying Put options cautiously. 📊 2️⃣ Flat Opening (±50 points from previous close) If NIFTY opens near 23,000 - 23,100: Opening Support/Resistance Zone (23,015 – 23,019): This level will decide the market direction. Break above 23,100? Expect bullish movement to 23,185. Go long above 23,105 with SL at 23,050. Break below 23,015? Expect downside movement toward 22,922. Short below 23,010 with SL at 23,050. 💡 Pro Tip: In a flat opening, let price settle before making a decision. Patience pays! 📊 3️⃣ Gap-Down Opening (100+ points below previous close) If NIFTY opens near 22,880 or below: 22,880 – 22,922 is a retracement support: If price holds, expect a bounce back. Go long above 22,900 with SL at 22,850. Break below 22,880? Next major support is 22,677 – 22,742. Short below 22,870 with SL at 22,950. If price reaches 22,677 and holds, expect a bounce. Look for buying opportunities around this level. 💡 Pro Tip: In a gap-down, avoid panic trades. Wait for proper confirmation before entering. ⚠️ Risk Management Tips for Options Trading 📌 Never chase a trade. Let price confirm the level before entering. 📌 Use stop-losses strictly. Protect your capital at all times. 📌 Avoid trading in the No Trade Zone. This is where stop-losses get hunted easily. 📌 Monitor IV (Implied Volatility). If IV is high, options premiums might be inflated. Consider spreads instead of naked options. 🔥 Summary & Conclusion ✅ Key Resistance: 23,119 – 23,185 / 23,262 – 23,306 ✅ Key Support: 23,015 – 23,019 / 22,922 – 22,880 / 22,677 – 22,742 ✅ Gap-Up: Watch resistance at 23,262. Breakout = bullish, rejection = short. ✅ Flat Opening: Wait for breakout/breakdown from Opening Support before entering. ✅ Gap-Down: 22,880 is crucial. Holding = bounce, breakdown = more downside. 🎯 Stick to the plan, follow discipline, and manage your risks! ⚠ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
NSE:NIFTY
by LiveTradingBox
NIFTY : Trading Levels and Plan for 13-Feb-2025 🔹 Key Levels: 📌 Resistance: 23,205 / 23,298 – 23,332 (Last Intraday Resistance) 📌 Support: 22,970 / 22,873 – 22,893 / 22,660 / 22,508 📌 No Trade Zone: 23,049 - 23,103 (Avoid trading inside this range) 📊 1️⃣ Gap-Up Opening (100+ points above previous close) If NIFTY opens above 23,205: Watch for rejection at 23,298 – 23,332: If price struggles, consider a short trade with SL above 23,350. Target: 23,205 – 23,100. Sustained breakout of 23,332? Expect bullish momentum. Enter on a retest for targets 23,400 – 23,450. Avoid impulsive longs at open: Wait for price to consolidate before entering trades. 💡 Pro Tip: If price rejects 23,298, sellers might step in aggressively. Consider buying Put options cautiously. 📊 2️⃣ Flat Opening (±50 points from previous close) If NIFTY opens near 23,000 - 23,100: No Trade Zone (23,049 - 23,103): Avoid trading here. Wait for price to break out clearly. Break above 23,103? Expect bullish movement to 23,205. Go long above 23,105 with SL at 23,050. Break below 23,049? Expect downside movement toward 22,970. Short below 23,045 with SL at 23,100. 💡 Pro Tip: In a flat opening, let price settle before making a decision. Patience pays! 📊 3️⃣ Gap-Down Opening (100+ points below previous close) If NIFTY opens near 22,873 or below: 22,873 as support? If price holds, expect a bounce back. Go long above 22,900 with SL at 22,850. Break below 22,873? Next major support is 22,660. Short below 22,870 with SL at 22,950. If price reaches 22,660 and holds, expect a bounce. Look for buying opportunities around this level. 💡 Pro Tip: In a gap-down, avoid panic trades. Wait for proper confirmation before entering. ⚠️ Risk Management Tips for Options Trading 📌 Never chase a trade. Let price confirm the level before entering. 📌 Use stop-losses strictly. Protect your capital at all times. 📌 Avoid trading in the No Trade Zone. This is where stop-losses get hunted easily. 📌 Monitor IV (Implied Volatility). If IV is high, options premiums might be inflated. Consider spreads instead of naked options. 🔥 Summary & Conclusion ✅ Key Resistance: 23,205 / 23,298 – 23,332 ✅ Key Support: 22,970 / 22,873 – 22,893 / 22,660 / 22,508 ✅ No Trade Zone: 23,049 - 23,103 ✅ Gap-Up: Watch resistance at 23,298. Breakout = bullish, rejection = short. ✅ Flat Opening: Wait for breakout/breakdown from No Trade Zone before entering. ✅ Gap-Down: 22,873 is crucial. Holding = bounce, breakdown = more downside. 🎯 Stick to the plan, follow discipline, and manage your risks! ⚠ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
NSE:NIFTYLong
by LiveTradingBox
NIFTY - Trading levels and Plan for 05-Feb-2025🔹 NIFTY TRADING PLAN – 05-FEB-2025 🔹 📍 Previous Close: 23,707.70 📍 Key Levels to Watch: 🔸 Resistance Zone: 23,743 - 23,845 🔹 Opening Support Zone: 23,591 - 23,644 🟢 Last Intraday Support: 23,491 🟩 Buyers’ Strong Support: 23,345 - 23,388 🎯 Profit Booking Zone: 24,067 - 24,155 🔵 POSSIBLE OPENING SCENARIOS & TRADING STRATEGY 🔵 📈 Gap Up Opening (100+ Points Above 23,807) – Bullish to Cautious Approach 📌 If Nifty opens with a gap-up above 23,807+ , traders should wait for initial price action. 📌 A sustained move above 23,845 can trigger bullish momentum towards 24,067 - 24,155 (Profit Booking Zone). 📌 If Nifty struggles near 23,845 , expect sideways movement or a potential reversal to test 23,743 - 23,707 . 📌 Trade Setup: ✅ Buy on retracement if 23,743 acts as support after a pullback. 🚨 Avoid aggressive buying near resistance without confirmation. ↔️↔️↔️ 📊 Flat Opening (Between 23,683 - 23,743) – Key Zone for Decision Making 📌 A flat opening within 23,683 - 23,743 keeps the market in a neutral-to-bullish zone. 📌 If Nifty holds above 23,707 , we can see a push towards 23,845 . 📌 Failure to hold 23,707 might bring weakness towards 23,644 - 23,591 (Opening Support) . 📌 Trade Setup: ✅ If Nifty stays above 23,707 for 15-30 minutes, a breakout trade towards 23,845 is possible. 🚨 If it breaks below 23,644, avoid longs and wait for a deeper support test. ↔️↔️↔️ 📉 Gap Down Opening (100+ Points Below 23,607) – Caution Required 📌 A gap-down below 23,607 will bring pressure on support levels. 📌 23,591 - 23,491 is a key demand zone; a strong bounce from here can offer buying opportunities. 📌 If selling continues and Nifty breaks below 23,491 , the next major support is 23,345 - 23,388 . 📌 Trade Setup: ✅ Look for reversal signs near 23,491 - 23,345 before entering long trades. 🚨 If Nifty breaks and sustains below 23,345, expect further downside. ⚠️ RISK MANAGEMENT & OPTIONS TRADING TIPS ⚠️ 🔹 Use strict stop-losses based on an hourly close. 🔹 Avoid chasing trades at extreme levels; wait for pullbacks. 🔹 For options trading, consider ATM/ITM contracts for better liquidity. 🔹 Time decay will impact weekly options—exit early if momentum slows. 🔹 Hedge positions if volatility spikes unexpectedly. 📌 SUMMARY & CONCLUSION 📌 ✅ Bullish Bias above 23,743 targeting 23,845 - 24,067. ❌ Bearish Break below 23,591 may push towards 23,491 - 23,345. 📊 Key Zone: 23,707 - 23,743—market reaction here will decide the trend. 📌 Wait for confirmation at crucial levels before entering trades! ⚠️ DISCLAIMER ⚠️ 🔹 I am not a SEBI-registered analyst. This trading plan is for educational purposes only. 🔹 Please do your own research or consult with a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading levels and Plan for 03-Feb-2025NIFTY Trading Plan for 03-Feb-2025 Key Levels to Watch: Resistance Zones: 🔴 Intraday Resistance Zone: 23,622 - 23,672🔴 Profit Booking / Sideways Zone: 23,822 Support Zones: 🟠 Opening Support / Resistance Zone: 23,475 - 23,565🟢 Opening Support at Retracement: 23,367🟢 Last Intraday Support (Must Try Zone): 23,229 - 23,259🟢 GAP-UP Opening (100+ Points) (Typically above 23,600 region) ➡️ If NIFTY opens above 23,565 and sustains, we need to observe price action at 23,622 - 23,672 (intraday resistance zone). Bullish Scenario: If price consolidates above 23,672 and breaks out with volume, expect a rally towards 23,822 (profit booking zone). 📈📌 Entry: Above 23,672🎯 Target: 23,750 - 23,822❌ Stop Loss: Below 23,600 Bearish Rejection: If price rejects from 23,672 and fails to sustain, expect a pullback towards 23,500 - 23,475 .📌 Entry: Below 23,620 after confirmation🎯 Target: 23,500 - 23,475❌ Stop Loss: Above 23,680 📝 Educational Tip: In strong gap-up scenarios, avoid chasing the market immediately. Let the price consolidate near key resistance levels before taking a trade. ↔️ Sideways Possibility: If NIFTY stays between 23,565 - 23,672 , it may remain range-bound. Wait for a breakout. ⚖️ FLAT Opening (Near 23,470 - 23,500) ➡️ A flat opening would indicate market indecision and a need for further confirmation. Bullish Bias: If price takes support at 23,475 - 23,500 and starts moving up, it can retest 23,622 , then 23,672 .📌 Entry: Above 23,500 after bullish confirmation🎯 Target: 23,622 - 23,672❌ Stop Loss: Below 23,450 Bearish Breakdown: If NIFTY breaks below 23,475 , expect a move towards 23,367 or even 23,259 (last intraday support).📌 Entry: Below 23,475🎯 Target: 23,367 - 23,259❌ Stop Loss: Above 23,525 📝 Educational Tip: Flat openings require patience. Let the market establish a clear direction before entering. Avoid overtrading in a choppy market. 🔴 GAP-DOWN Opening (100+ Points) (Typically below 23,375) ➡️ If NIFTY opens below 23,367 , it indicates weakness and possible downside towards 23,259 - 23,229 . Bearish Continuation: If price sustains below 23,367 , expect selling pressure towards 23,259 and 23,229 .📌 Entry: Below 23,367🎯 Target: 23,259 - 23,229❌ Stop Loss: Above 23,400 Bounce Back Scenario: If NIFTY takes support at 23,259 and shows strong reversal, we may see a move back towards 23,367 or even 23,475 .📌 Entry: Above 23,275 after confirmation🎯 Target: 23,367 - 23,475❌ Stop Loss: Below 23,220 📝 Educational Tip: In gap-down scenarios, watch for institutional buying or aggressive selling. Avoid counter-trend trades without confirmation. 📌 Risk Management Tips for Options Traders ✅ Trade with Defined Risk: Always set a stop loss before entering a trade.✅ Avoid Overleveraging: Keep position sizes within your risk tolerance.✅ Watch for Volatility: Sudden spikes in IV (Implied Volatility) can impact options pricing.✅ Exit at Key Levels: If a trade reaches resistance/support, book partial profits.✅ Use Spreads for Safety: Instead of naked options, consider spreads to minimize risk. 📊 Summary & Conclusion Gap-Up: Watch for resistance at 23,672 ; breakout targets 23,822 . Flat Opening: Key support at 23,475 ; break above 23,500 can lead to bullish movement. Gap-Down: Below 23,367 , expect 23,259 - 23,229 ; bounce possible from support. 🛑 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk. 🚀 Happy Trading & Stay Disciplined! 💰
NSE:NIFTY
by LiveTradingBox
NIFTY : Trading levels and Plan for 31-Jan-2025📌 Nifty Trading Plan – 31st January 2025 📈🔥 A structured trading plan is essential for navigating market movements with confidence. Let's analyze Nifty for 31st January 2025, incorporating key levels and different opening scenarios to optimize trade entries and exits. 📍 Key Levels: Opening Resistance / Sideways / Profit Booking Zone: 23,415 - 23,500 Last Intraday Resistance: 23,677 Opening Support / Resistance: 23,227 - 23,214 Opening Support Zone: 23,047 - 23,108 Last Intraday Support: 22,897 🚀 Scenario 1: Gap-Up Opening (100+ points above 23,400) If Nifty opens above 23,400 , it will enter the profit booking zone of 23,415 - 23,500 , where resistance may come into play. A cautious approach is required to avoid getting trapped in a false breakout. If Nifty sustains above 23,500 , a move towards 23,677 (last intraday resistance) is possible. If price faces rejection at 23,500 , expect a pullback to 23,415 . Failure to hold this level may lead to further decline toward 23,297 . Avoid chasing long positions immediately; wait for a retest of support zones for better risk-reward trades. 👉 Pro Tip: If 23,500 is decisively broken with strong volume, it may trigger a fresh rally, offering buying opportunities on dips. 📊 Scenario 2: Flat Opening (23,250 - 23,400) A neutral start within this range suggests the market is waiting for direction. Here’s how to approach it: If Nifty holds 23,227 - 23,214 , it could attempt a gradual rise towards 23,400+ . A breakout above 23,400 will open doors for an upside move toward 23,500 . A failure to hold 23,214 may push the index down to test the 23,108 - 23,047 support zone. Traders should watch for price action near 23,227 , as it could act as an intraday pivot for directional moves. 👉 Pro Tip: In a sideways market , consider using options scalping strategies rather than directional trades. 📉 Scenario 3: Gap-Down Opening (100+ points below 23,200) A weak opening below 23,200 could indicate short-term bearishness. It’s important to assess whether Nifty finds support at lower levels or continues declining. If Nifty holds 23,108 - 23,047 , expect a pullback rally toward 23,214 - 23,227 . A breakdown below 23,047 can accelerate selling pressure toward 22,897 (last intraday support). Look for bullish reversal signs near 23,047 - 23,000 before considering long positions. If the market forms a lower high after a gap-down, follow the trend rather than trying to catch a falling knife. 👉 Pro Tip: If Nifty struggles to reclaim 23,214 after a gap-down, selling on rise could be a better approach. 🛑 Risk Management & Options Trading Tips: 🎯 Always define a stop-loss before entering a trade to protect your capital. Avoid overleveraging in uncertain market conditions—risk management is key! 💰 In case of high volatility , wait for confirmation instead of chasing trades impulsively. Consider hedging strategies (like spreads) to limit losses in options trading. Check Open Interest (OI) data before trading options to gauge market sentiment. 📌 Summary & Conclusion: ✅ Nifty is at a critical juncture, with 23,227 - 23,214 acting as an opening pivot zone. ✅ Bullish Bias above 23,500 , targeting 23,677 . ✅ Bearish Outlook below 23,047 , targeting 22,897 . ✅ Discipline & patience are crucial—wait for confirmation before taking positions! 🚀 ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only . Trade at your own risk and manage capital wisely! 📊🔥
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading levels and plan for 30-Jan-2025📊 Nifty Trading Plan for 30-Jan-2025 This trading plan covers all possible opening scenarios (Gap-Up, Flat, and Gap-Down) along with crucial resistance and support levels. Follow these levels carefully to maximize your trades. 📈 Scenario 1: Gap-Up Opening (100+ points above 23,176) If Nifty opens with a gap-up, it will likely test the resistance levels. Key focus points: 🔹 Opening Resistance Zone: 23,253 – 23,287 – If price sustains above this level, it can move towards 23,416. Consider call option trades if momentum remains strong with stop-loss at 23,200. 🔹 Major Resistance Zone: 23,416 – This is a crucial level where sellers might become active. Avoid chasing longs here and book profits. 🔹 If Nifty rejects from 23,253, watch for a retracement towards 23,176 before taking fresh trades. 💡 Pro Tip: Always wait for a retest and confirmation before entering a trade in a gap-up market. 📉 Scenario 2: Flat Opening (Near 23,176) A flat opening means price action will revolve around the Opening Support / Resistance Zone: 23,176 – 23,200. Key levels to monitor: 🔹 If price sustains above 23,200, expect bullish movement towards 23,253, followed by 23,287. Enter call options only after a breakout confirmation. 🔹 If price rejects from 23,176, it may slip towards 23,142, and if this breaks, expect a drop to 23,059. Put options can be considered here. 🔹 Avoid trading in the Opening Support / Resistance Zone unless a clear breakout/breakdown happens. 💡 Pro Tip: Flat openings often create a trap in the first 15 minutes. Let the market settle before taking a position. ⬇️ Scenario 3: Gap-Down Opening (100+ points below 23,176) A bearish gap-down could test support levels. Here’s how to trade it: 🔹 Opening Support Zone: 23,059 – If this zone holds, expect a pullback to 23,176. A strong reversal from this level can provide a good call option opportunity. 🔹 If 23,059 breaks, expect further downside towards 22,983, followed by 22,871 (Golden Retracement Zone). Look for put options with SL at 23,059. 🔹 If price sustains below 22,871, expect high volatility. Avoid aggressive long positions. 💡 Pro Tip: In gap-down markets, avoid catching falling knives. Look for proper support confirmation before entering long trades. 🛡️ Risk Management Tips for Options Trading 🔹 Keep a fixed risk per trade (1-2% of capital) to avoid big losses. 🔹 Use ATM (At-the-Money) or slightly OTM (Out-of-the-Money) options for better liquidity. 🔹 Don't overtrade. If your first 2 trades fail, step back and analyze the market. 🔹 Follow proper stop-loss levels to protect capital. 📊 Summary and Conclusion Resistance Zones: 23,200, 23,253-23,287, 23,416 Support Zones: 23,176, 23,142, 23,059, 22,983, 22,871 Opening Support / Resistance Zone: 23,176 – 23,200 (Wait for breakout/breakdown) 📌 Stick to the plan and manage risk wisely. Market structure matters more than emotions! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade at your own risk. 😊
NSE:NIFTYLong
by LiveTradingBox
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 Intraday and Swing Trade Analysis For 06/01/25 And weekly In this post, I’m sharing my detailed analysis of Nifty 50’s recent price action, focusing on intraday and swing trades. This setup incorporates technical patterns, volume confirmation, and Smart Money Concepts (SMC) to identify high-probability trade opportunities. Key Observations Bearish Momentum Across Timeframes: Both daily and intraday charts show strong bearish trends validated by supply zones and volume spikes. Critical Levels Identified: Resistance: 24,200 - 24,400 (Supply Zone). Support: 23,950 (Intraday) and 23,700 - 23,500 (Swing Levels). Volume Profile: Volume spikes on breakdowns confirm institutional involvement. Trade Plan: Intraday Scenario 1: Sell Below 23,950 Entry: Below 23,950 (confirmed breakdown). Stop Loss: Above 24,050. Target 1: 23,900. Target 2: 23,850. Rationale: Break below 23,950 signals bearish continuation with strong seller dominance. Scenario 2: Buy Above 24,050 Entry: Above 24,050. Stop Loss: Below 23,950. Target 1: 24,100. Target 2: 24,150. Rationale: Reclaiming 24,050 indicates a potential bullish reversal. Confidence Level: Moderate (requires strong buying volume). SWING TRADING Scenario 1: Swing Sell Below 23,900 Entry: Below 23,900. Stop Loss: Above 24,150. Target 1: 23,700. Target 2: 23,500. Rationale: A breakdown below 23,900 aligns with the long-term bearish structure and supply rejection. Scenario 2: Swing Buy Above 24,200 Entry: Above 24,200. Stop Loss: Below 24,000. Target 1: 24,400. Target 2: 24,600. Rationale: Clearing the supply zone at 24,200 would confirm a trend reversal. Confidence Level: Moderate. Advanced Concepts Used Smart Money Concepts (SMC): Supply Zone: 24,200 - 24,400. Demand Zone: 23,700 - 23,500. Liquidity Trap: Below 23,950. Volume Confirmation: Selling volume spikes during breakdowns confirm bearish moves. Low-volume retracements suggest weak buying interest. Indicators: RSI: Below 50 on daily charts, supporting bearish momentum. MACD: Bearish crossover on daily charts aligns with the trend. Moving Averages: Price below the 20 EMA and 50 EMA reinforces bearish bias. Why This Trade Setup Stands Out This analysis combines the best of price action, volume confirmation, and advanced SMC tools. Each level and decision is backed by data and market behavior, ensuring a methodical approach to trading. Disclaimer The views and trade ideas shared in this post are for informational and educational purposes only. They are not financial advice and should not be construed as a recommendation to buy, sell, or hold any securities or financial instruments. Trading involves significant risk, and you should carefully consider your financial situation, objectives, and risk tolerance before making any trading decisions.
NSE:NIFTYShort
by thirdeyecs
2
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 Trade Setup for Tuesday (03-Dec-2024)NSE:NIFTY Post Market Analysis by Srinivas Vemula NIFTY Weekly Outlook Economic Events : USA Jobless Claims Data ( November 30) India RBI Policy Repo Rate (06-Dec-2024) Institutional Bias - Bearish ( NIFTY FUTURES) Institutional Framework - Price Reversal Institutional Reference Data Points - Premium Arrays Institutional Price Delivery - ERL(BSL) to IRL( SSL) ERL - External Range Liquidity IRL - Internal Range Liquidity BSL - Buy Side Liquidity SSL - Sell Side Liquidity Premium Arrays Bearish Order block (H4) Buy Side Liquidity (W1/H4) Bearish FVG (H4) Discount Arrays: Bullish Breaker (H4) Bullish Mitigation (M15)
NSE:NIFTYShort
by chartology369
The Nifty spot intraday forecast for December 02, 2024Market Outlook for Nifty Spot on December 02, 2024 Morning Movement: Likely to see an upward move in the morning hours. A potential drop of around 300 points is anticipated later. Key Levels to Watch: Resistance: Strong resistance at 24,330. If this level is broken, Nifty spot could rise to 24,385, provided there is no gap opening on either side. Support: On the downside, support levels are at 23,947 and 23,831. Overall Sentiment: The Nifty is expected to close on a bearish note. Disclaimer: These views are for educational purposes only. Please use your own technical analysis for entry and exit decisions. Always trade with a stop-loss to manage risks effectively.
NSE:NIFTYShort
by Mastersinnifty
NIFTY : Analysis and Levels for 29-Nov-2024 On the previous trading day, Nifty exhibited a significant shift in momentum. A Change of Character (ChoCH) was observed, indicating a possible transition between bullish and bearish phases. The index traded near the golden retracement zones, showing both buyer and seller activity. The yellow trend represents a sideways market, green signals a bullish trend, and red indicates bearish sentiment. After a consolidation, NIFTY has shown a significant trending move on last trading session, so most probably nifty can trade sideways or in a range on Friday, but based on the chart, I have prepared trading plans for three possible opening scenarios: Gap Up, Flat, and Gap Down openings. Gap Up Opening (+100 points or more above ₹23,957) Resistance Focus (₹24,112-₹24,250): If Nifty opens above ₹24,057, it will directly test the golden retracement zone for sellers. Watch for bearish patterns, such as shooting stars or evening stars, in this area. If selling pressure emerges, initiate a short position. Action Plan: Entry: Short below ₹24,200 after confirmation of rejection. Target: ₹23,957 (the current close) and ₹23,807 (demand zone). Stop Loss: Above ₹24,300 to manage risk. Breakout Potential (₹24,250+): If Nifty breaks above ₹24,250 with strong volumes, it may head toward the Resistance Zone (₹24,544-₹24,656). Consider a long trade upon breakout confirmation. Action Plan: Entry: Long above ₹24,250 after a 15-minute candle close. Target: ₹24,544 and ₹24,656. Stop Loss: Below ₹24,100 to safeguard against false breakouts. Flat Opening (Near ₹23,957) Golden Retracement (₹24,112): If the market consolidates around ₹23,957, wait for a decisive move. The immediate focus will be the golden retracement zone at ₹24,112. Action Plan: Entry: Long above ₹24,112 if the price breaks this level with volume. Target: ₹24,250 and ₹24,544. Stop Loss: Below ₹23,900 to minimize risk. Demand Zone (₹23,807): If Nifty fails to sustain above ₹23,957, it could test the Golden Retracement Zone for Buyers (₹23,807-₹23,497). Look for bullish reversal patterns in this zone for long entry. Action Plan: Entry: Long near ₹23,807 if bullish candles like hammers form. Target: ₹23,957 and ₹24,112. Stop Loss: Below ₹23,497 to protect against breakdowns. Gap Down Opening (-100 points or more below ₹23,957) Demand Zone Test (₹23,807-₹23,497): If Nifty gaps down and opens near or below ₹23,807, focus on the demand zone. This zone is critical for potential reversals. Action Plan: Entry: Long near ₹23,807-₹23,497 after confirming bullish patterns. Target: ₹23,957 and ₹24,112. Stop Loss: Below ₹23,497 to limit losses. Breakdown Scenario (Below ₹23,497): A breakdown below ₹23,497 signals strong bearish momentum. Short positions can be taken if confirmed by volume and candle patterns. Action Plan: Entry: Short below ₹23,497 after confirmation. Target: ₹23,300-₹23,100. Stop Loss: Above ₹23,600 to avoid unnecessary risks. Risk Management Tips for Options Trading Limit your position size to ensure no single trade risks more than 2% of your capital. Use hedging strategies, such as buying protective puts or selling covered calls, to offset potential losses. Avoid trading during the first 15-30 minutes of market opening, as this period is highly volatile. Monitor implied volatility (IV) for options and select contracts with reasonable premiums to avoid overpaying. Summary and Conclusion This trading plan is designed to cater to multiple scenarios, ensuring you're prepared regardless of the market's direction. The key lies in observing critical levels like ₹24,112 and ₹23,807 and waiting for confirmation before entering trades. Remember: Yellow trends indicate sideways movement, green signals bullish momentum, and red shows bearish sentiment. Stick to the plan, respect stop losses, and prioritize capital preservation. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult with your financial advisor or conduct your analysis before making any trading decisions.
NSE:NIFTY
by LiveTradingBox