14 Aug 2024 Expiry Option Selling in Range Bound MarketBy option OI data we first clear out what's the big boys have to do in market so we just follow them and make some money from market.04:08by gurubhai0
NIFTY : Levels and Plan for 16-Aug-2024On the previous trading day, NIFITY exhibited a range-bound movement with a notable support zone around 24,119 and resistance at 24,220. The market demonstrated a consolidation phase after a slight dip, with multiple attempts to break through the resistance. The key levels identified for the upcoming session are crucial, with potential scenarios for both bullish and bearish trends. **Trading Plan:** Scenario 1: Gap Up Opening (100+ Points) **Key Resistance Levels:** If Nifty opens with a significant gap up above 24,220, watch for immediate resistance at 24,285 (Intraday last resistance). This level will be crucial for further upside momentum. **Trade Strategy:** If Nifty sustains above 24,285, initiate a long position targeting 24,392 (Profit Booking Range). Keep a tight stop loss at 24,220 to manage risk. **Alternative Strategy:** In case Nifty faces resistance at 24,285 and shows signs of reversal, consider shorting with a target back to 24,220. Use a stop loss just above 24,285. Scenario 2: Flat Opening **Key Support Levels:** If Nifty opens flat near 24,143-24,183, it’s within the Support/No trade Zone. Wait for a decisive move outside this range. **Trade Strategy:** A break above 24,183 can be used to enter long positions targeting 24,220 and further towards 24,285. Place a stop loss below 24,143. **Alternative Strategy:** If Nifty breaks below 24,119 after a flat opening, shorting opportunities can be explored with a target of 24,018 (Buyer's Support). Stop loss can be placed just above 24,143. Scenario 3: Gap Down Opening (100+ Points) **Key Support Levels:** If Nifty opens significantly lower, near the 24,018 mark, it indicates immediate buyer's support. **Trade Strategy:** Look for a buying opportunity if Nifty holds above 24,018 with a target of 24,143 initially. Place a stop loss of 50 points below the opening level. **Alternative Strategy:** If Nifty fails to hold 24,018, it could lead to further downside. Short positions can be initiated with a target of 23,950-23,900. Use a stop loss above 24,018. **Risk Management Tips for Options Trading:** - Position Sizing: Always maintain proper position sizing based on your risk tolerance. Avoid over-leveraging, especially in volatile conditions. - Stop Loss Discipline: Stick to your stop loss levels strictly to prevent significant losses, particularly in options trading where premiums can erode quickly. - Volatility Consideration: Be mindful of IV (Implied Volatility) levels while trading options. Higher IV can inflate premium prices, so prefer strategies that benefit from volatility compression post-event. **Summary and Conclusion:** The Nifty 50 index is at a crucial juncture with key support and resistance levels guiding the potential movement for 16-Aug-2024. The trading strategies outlined above are designed to adapt to various opening scenarios—gap up, flat, or gap down—while keeping risk management at the forefront. It’s essential to remain vigilant and flexible, adjusting strategies based on market conditions as they unfold. **Disclaimer:** I am not a SEBI registered analyst. The views expressed are based on my own analysis and are for educational purposes only. Please consult your financial advisor before making any trading decisions.Longby LiveTradingBox1
NIFTY S/R for 16/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh9
NIFT short term - 3 Months-10% anytime before December 2024 Multiple macro hurdles ahead. UP & multiple state election. Fed rate cut ? FII inflows decreasing. Markets overvalued , cool off. Fundamentally good to cool off/consolidate (Sideways till)before resuming bull market - duration unknown Shortby ChristyZachSunny1
NIfty50, 15 Minutes chart The Nifty 50 Index is at a peak and is forming a pattern of lower highs on the 15-minute chart as of August 14. If it breaks out on either side, we could see a significant move, either up or down.by VishuRGowda3
#NIFTY Intraday Support and Resistance Levels - 14/08/2024A slightly gap-up opening is possible for Nifty. If Nifty starts trading below the 24100 level, a strong downside move down to 23900 could be expected in today’s session. Any upside rally is anticipated only if Nifty trades above the 24200 level. The 24100–24200 range is expected to be a consolidation zone for Nifty during today’s session.by TradZoo8
NIFTY TRADING LEVELS FOR 14-08-2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets. NSE:NIFTY by tony_fx_sm3
NIFTY 50 KEY LEVELS FOR 14/08/2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND GREEN) - In this the GREEN line is used to take long entry and the RED line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the RED line just below ( A trade can exit either when the price crosses the RED line or the 5 minute candlestick crosses the RED line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next RED line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The GREEN line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Leave a comment if you like my entry setup. This share is for educational learning purposes only, and I am not responsible for your profit or loss. Note: For more details, check the chart.by nandupk3
NIFTY 50 KEY LEVELSExplanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND GREEN) - In this the GREEN line is used to take long entry and the RED line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the RED line just below ( A trade can exit either when the price crosses the RED line or the 5 minute candlestick crosses the RED line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next RED line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The GREEN line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Leave a comment if you like my entry setup. This share is for educational learning purposes only, and I am not responsible for your profit or loss. Note: For more details, check the chart.by nandupkUpdated 4
NIFTY : Trading level and plan for 14-Aug-2024On the previous trading day, Nifty exhibited a bearish pattern pattern, where it tested significant support and resistance levels. The index showed a clear struggle around the **24,155.00** zone, which acted as a crucial point for determining further direction. A bounce back from the buyer's support at **24,017.00** indicates the potential for an upward move, but strong resistances at **24,226.00** and **24,295.00** must be overcome for a sustained uptrend. The market now faces critical levels that will shape the direction for the next trading session. **Trading Plan for 14-Aug-2024** **Gap Up Opening (100+ Points)** If Nifty opens with a gap up above **24,226.00**, it indicates strong bullish sentiment. However, immediate attention should be given to the **24,239.37** and **24,295.00** resistance levels. A break and sustained trade above **24,295.00** could push the index towards new highs. If the gap-up is near **24,295.00**, watch for a potential rejection at this level. A failure to sustain above this could trigger profit booking, pulling the index back to the **24,226.00** area. In case of a strong rejection, consider taking a short position with a target of **24,155.00** with a tight stop loss at **24,310.00**. **Flat Opening** A flat opening around **24,141.20** to **24,155.00** could see initial consolidation. If the index sustains above **24,155.00**, look for a quick move towards **24,226.00**. If the resistance at **24,226.00** is breached, follow the bullish scenario outlined in the gap-up section. However, be cautious if the index fails to cross this level convincingly, as it could lead to a range-bound session. If the index shows weakness, consider short positions below **24,136.00** with a target towards **24,017.00**. **Gap Down Opening (100+ Points)** A gap-down opening below **24,136.00** could trigger panic selling. The key support zone to watch will be around **24,017.00**. A break below this level could lead to further downside, with targets at **23,950.00**. If the gap-down opens near **24,017.00**, watch for signs of a reversal or bounce back. A strong reversal from this level could signal a buying opportunity, targeting **24,136.00**. In case of a weak bounce, consider short positions below **24,017.00**, targeting further lower levels, with strict stop losses to avoid getting trapped in a reversal. **Risk Management Tips for Options Trading** - Always define your risk before entering a trade, especially when dealing with options, as they can be highly volatile. - Use stop losses diligently. For options, consider both time decay and market direction while setting stop losses. - Avoid holding onto losing positions in hope of a reversal, especially close to expiry when time decay accelerates. - Use a position size that you are comfortable losing, and do not over-leverage. - Consider hedging your positions to protect against adverse moves. **Summary and Conclusion** The Nifty 50 is currently at a pivotal point where the next move will be dictated by the price action around the **24,155.00** to **24,226.00** range. Whether it’s a gap up, flat, or gap down opening, each scenario presents its own set of opportunities and risks. The key is to stay patient, wait for confirmations, and manage risk effectively. Remember, it’s better to miss a trade than to jump into a bad one. Disclaimer: I am not a SEBI-registered analyst. This plan is based on my personal analysis and should not be considered financial advice. Always consult with a certified financial advisor before making any investment decisions.by LiveTradingBox1
NIFTY INTRADAY LEVELS FOR 14/08/2024BUY ABOVE - 24200 SL - 24110 TARGETS - 24270,24320,24380 SELL BELOW - 24110 SL - 24200 TARGETS - 24010,23900,23800 NO TRADE ZONE - 24110 to 24200 Previous Day High - 24380 Previous Day Low - 24110 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP10
Nifty 50 Analysis for 14-08-2024: Support & Resistance LevelsOn August 13, 2024, the Nifty 50 index experienced a volatile trading session, closing at 24,100, marking a decline amidst broader market weakness. The index opened at 24,320, reached a high of 24,400, and saw a low of 24,050 during the day, before ending the session with a loss. The Indian stock market faced additional pressure due to a new report from Hindenburg Research, which leveled serious allegations against the SEBI Chief. This news created uncertainty in the market, leading to cautious trading and profit-booking, particularly in the financial and IT sectors. The impact was evident in the market's muted performance, with many investors staying on the sidelines awaiting further developments. Technical Indicators for Nifty: Max Pain: 24,200 PCR (Put-Call Ratio): 0.53 Bearish IV (Implied Volatility): 16.90 as of the closing on 13-08-2024. Support Levels Nifty is likely to find support around 24,000. Resistance Levels The Nifty is expected to face immediate resistance around the 24,300 to 24,400 mark. Top Gainers: Adani Enterprises and Tata Motors emerging as the top gainers. Adani Enterprises closed at ₹2,417.50, marking a 2.5% increase, while Tata Motors ended the day at ₹621.80, up by 1.8%. Top Losers: HDFC Bank and Infosys were the top losers, reflecting the broader market's cautious stance. HDFC Bank's share price dropped by 3.2% to ₹1,615.20, and Infosys fell by 2.9% to ₹1,358.40, largely due to concerns about margin pressures and global economic uncertainties. Open Interest (OI) Analysis and Technical Indicators: The Open Interest data for Nifty 50 options on August 13 showed a significant buildup at the 24,000 strike price, indicating strong support at this level. Meanwhile, resistance was observed around 24,400, where considerable call writing occurred. Technical indicators for the Nifty 50 suggested a bearish trend, with the Relative Strength Index (RSI) hovering around 40, signaling potential weakness. The Moving Average Convergence Divergence (MACD) also pointed to a bearish crossover, further reinforcing the negative outlook. Stay tuned for more updates on Nifty prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform. by shvishal1
Nifty Short-term viewNifty has broken its bullish structure and tends to go in a correction.by Sk_Alzesha151527
NIFTY S/R for 14/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh1
Nifty 14 August PridictionAccording to current market situation , tomorrow market will most volatile market for this month because there are a lot of things may affect tomorrow market, Iran-Israel War, Russia-Ukraine War, SEBI-HINDENBURG War, So we will strongly recommend to trade will one fourth quantity in first half. Give proper time to settle it, and in Second half will support them who will keep patience in first hour, Enjoy the tomorrow market according my prediction . Don't be against the towards the trend.by optionhunting0
$NIFTYrecon another 2 weeks of range bound before we head up to bull territory gonna be cautious from 26300 area for now still deploying if given blue path Q4 blow off then correct still my plan of action for now Dixie still under 200 on D3 but above 200 on weekly so lets see what happens Longby CompoundingGain3
Time To Be Cautious In Nifty50Have a look at Nifty50 in larger timeframe we can see good consolidation after a fall. Now onwards its very crucial for market whether it breaks above or down See if Nifty breaks and hold above 24450 forget downside and look for bullishness. And if breaks below 24250 we may see another blood bath 🛁 So be careful do your own analysis and take positions accordingly. Happy Trading!Shortby rahulsukare073
NIFTYWith the on going Turmoil around the world our sweet little friend nifty is wedging up on that recent gap down which seems concerning and expecting one more leg down ! Beware with your longs !Shortby Vigilanteeee1
NIFTY50NSE:NIFTY RANGE: 24480-24200 Once breached 24480 on the higher side 24480-24500 shall act as major support Over all 24480-24200 shall act as major range for trading purpose.by merul_vora0
NIFTY S/R for 13/8/24Support and Resistance Levels: Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh1
#NIFTY Intraday Support and Resistance Levels - 13/08/2024In today's session, Expected opening for nifty is flat near 24350 level. After opening if it's starts trading and sustain above 24400 then expected upside rally upto 24600 level. Downside upto 23100 level possible if nifty starts trading below 24300 level. by TradZoo2
Nifty Prediction for 13 AugustAccording to current market situation Indian market is totally unpredictable because the hiddenberg report may lead to down the Indian marketon 13 August. so we should focus the 15 minute candle behaviour behaviour and according to that we should take entry into longs or shorts.Shortby optionhunting1