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Niftytrend

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 in search of bottom. As it was expected Nifty plummeted further in search of bottom. Nifty closed at 23085 which is near a fragile support of 23057. It does not look likely that The reasons for the fall are various as explained in the previous posts. Some of reasons being constant selling of FIIs under the guise risk free return available in US debt market in addition to other value buying options emerging in other developing markets. Nifty valuations have seen reasonable correction now buying can emerge slowly in next 1 to 4 weeks as per my understanding. Dollar is at valuations that are hardly justified and once the correction in Dollar starts we will see FIIs returning to Indian markets. The bottom support levels are at 23057, 22800, 22421, 21783, 21294 and finally 20813 region. It will be interesting to see which of these levels emerge as a firm bottom from where Nifty can bounce back. Resistances for Nifty now seem to be at 23359, 23690 (Father Line Resistance), 23938, 24060 (Mother Line Resistance), 24525, 24948, 25379, 25782 and finally 26277. Once previous ATH is crossed we will see new highs in Nifty hopefully within this year in the range of 27 or 28K. As of now little bit of pain still remains in the market. Nifty is already in the EXTREME FEAR ZONE AT 23.30. Long term investors can start value buying. (As per Ticker tape). Extreme fear zone (<30) suggests a good time to open fresh positions as markets are likely to be oversold and might turn upwards. Extreme greed zone (>70) suggests to be cautious in opening fresh positions as markets are overbought and likely to turn downwards. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
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
BANKNIFTY : Trading levels and Plan for 13-Jan-2025Bank Nifty Trading Plan for 13-Jan-2025 Key Levels to Watch: 🔹 Last Intraday Resistance: 49,596 – 49,666 🔹 Opening Resistance Zone: 49,164 – 49,270 🔹 Opening Support/Resistance: 48,802 🔹 Support Zone on Day Chart: 48,484 🔹 Major Support Level: 47,788 Gap-Up Opening (+200 Points Above) If Bank Nifty opens above 49,270: 📈 Plan for Long Trades: Look for bullish momentum towards the Last Intraday Resistance Zone (49,596 – 49,666). A breakout above 49,666 with strong volume can push prices toward 49,800 or higher. Enter long trades only after confirmation with a strong bullish candle. Stop Loss: Below 49,270 for a favorable risk-reward ratio. 📉 Rejection Scenario: If the price fails to hold above 49,666, book profits on long trades and wait for a pullback near the Opening Resistance Zone (49,164 – 49,270) for re-entry. 💡 Tip: Hedge gap-up trades with put options to manage volatility. Flat Opening (±50 Points Around 48,779) If Bank Nifty opens near 48,779: ⚠️ Wait for Directional Clarity: Avoid entering trades immediately. Let the price action define the trend between 48,484 (Support) and 49,270 (Resistance). 🟢 Bullish Breakout Plan: A breakout above 49,270 may lead to a rally toward 49,596 – 49,666. Go long only after a retest of the breakout level with a stop loss below 48,802. 🔴 Bearish Breakdown Plan: If the price breaks below 48,484, it could slide toward 47,788. Consider shorting only if strong selling pressure is observed. Keep a stop loss above 48,802. 💡 Tip: Avoid overtrading in flat openings. Wait for the first 30 minutes to confirm the trend. Gap-Down Opening (-200 Points Below) If Bank Nifty opens below 48,484: 🔻 Reversal Plan: Look for buying opportunities near 47,788 (Major Support). If a bullish reversal is confirmed, go long with a target toward 49,164 – 49,270. 🚨 Breakdown Scenario: If the price breaks below 47,788, expect further downside. Avoid catching a falling knife—wait for consolidation before considering long trades. 💡 Tip: Use ATM or ITM options to benefit from intraday volatility in a gap-down scenario. Summary: For a Gap-Up Opening , focus on a breakout above 49,666 but be cautious around key resistance levels. For a Flat Opening , wait for a decisive breakout or breakdown from the range 48,484 – 49,270. For a Gap-Down Opening , 47,788 will act as a critical support zone. Look for reversal opportunities or breakdown trades. 💡 Risk Management Tip: Avoid over-leveraging, and consider straddle/strangle strategies to capture volatile moves. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult a certified financial advisor before making trading decisions. Trade wisely! 💼
NSE:BANKNIFTY
by LiveTradingBox
1
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 looking weak after closing below Mid-channel. Nifty looking very weak after closing below Mid-channel support and 50 weeks EMA Mother line support. Mother line support or the 50 Week EMA was at 23442 and the closing we got is at 23431. If Nifty does not recover quickly and claims the Mid-Channel and 50 Weeks EMA, we might be in for more fall with supports at 23273, 22800 (Major Support Zone). If we get a weekly closing below 22800 we will fall totally into bear territory. In such a scenario bears can drag Nifty further down to 22025, 21294 or even near channel bottom of 20813. 20813 will again be a major Parallel chanel bottom support. Resistances on the upper side will be at 23442, 23938, 24525 and 24948 before we can reclaime 25K levels. Later in the year when we get a closing above 25K levels we may again face the 25782, 26277 previous Nifty peak will be major resistances. Nifty channel top post recovery seems to be at 27255. We may reach there in hopefully by mid or end H2 2025. Value Investors can start looking out for bottom fishing and value buying opportunities specially in the Large and selective mid and small caps. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
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
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
Prospects of Further downside in Nifty hanging by the thread. Pretty bad closing by Nifty today which has further downside in Nifty hanging by the thread. As you can see we are near the bottom of the pennant structure. If the downside is broken by any chance possibility of further downside can not be ruled out. However if the support of today's low is maintained possibility of upside will open up. Silver lining in the cloud is DII being on buying side and RSI has take an upward turn with closing above yellow line. The supports for Nifty now are at 23463 Bollinger lower band support, 23380 and 23365 (Final Support). Resistances on the upper side for Nifty are at 23682 (Bollinger mid band), 23722 (Mother line resistance), 23787 (Bollinger upper band), 23889 and finally 23980 (Father line resistance). Above 23980 closing the door for further up side will open. With Medium term targets being at 24073, 24103, 24232, 24302 and finally 24401. Above 24401 closing Bulls can jump back to business. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 09.01.2025On Wednesday, Nifty opened with a gap-up and touched a high of 23,751.85. However, it couldn’t sustain the momentum and dropped to a low of 23,496.15. It managed to close at 23,688.95, losing a modest 19 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting indecision in the market. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Despite a gap-up start, Nifty struggled to hold gains. Watch for a breakdown below the support at 23,189 for potential bearish action. On the upside, crossing 24,400 could signal recovery.
NSE:NIFTY
by PriteshPalan
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
Parallel Channel hourly candles suggests Nifty is delicate zone.Parallel Channel of Nifty suggest that we are in delicate zone with shadow of the candle being positive. Nifty has thrice taken support on the channel bottom as you can see in the chart. A strong support zone for Nifty is seeing strong buying emerging near the channel bottom. This strong support zone is between 23509 and 23263. The Three important resistances however are not allowing Nifty to grow further. These 3 resistance are: 1) Mother line resistance near 23775. 2) Father and trend line combine resistance near 24010. 3) Third important resistance for Nifty to conquer will be near 24288 which is the mid channel resistance. When we will get a closing above 24288 the Bull can breath a little easy and try and push Nifty upwards towards 24510, 24779 or even above 25K. The zone between 25033 and 25200 will again be a tough zone to conquer as the Nifty will again hit the top of the parallel channel. Conclusion: All is good till we do not get a closing below 23K levels. Below 23K levels weekly closing Bears will have position to overpower the market and drag Nifty further down. For long term investors this is good opportunity to invest big go long and hold on. Today ONGC, Reliance, ITC, Asian Paints, Dr Reddy, Wipro and TCS are the few large cap stocks which saw buying. The laggards for Nifty today were Apollo Hospitals, Trent, Shriram Finance, Bajaj Auto, ultratech and few other Large cap stocks. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 08.01.2025On Tuesday, Nifty opened with a gap-up but traded within a narrow range, touching a high of 23,795.50 and a low of 23,637.80. The index ended the session at 23,707.90, gaining 92 points over the previous close. Both, the Weekly and Daily Trends (50 SMA) remain sideways, indicating a lack of strong directional momentum. Demand/Support Zones Near Support Level: 23,263 (Low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook After recent volatility, the Nifty appears to be consolidating within a narrow range. A break above the 24,400 resistance could trigger further upside, while support at 22,900 - 23,200 remains critical for bulls to defend. Watch these levels for potential breakout or breakdown opportunities.
NSE:NIFTY
by PriteshPalan
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