NIFTY BANKNIFTY PRICE ACTION UPDATEFind out the video to know how price reacted and how we predicted the level and at last there is an amazing setup which works 100% in trending market either upside or downside.
NIFTY trade ideas
Nifty Trend direction - Target achieved .. what next ?Nifty23370- Achieved target 23350 and expected to test 23530 whihc is the breakout
Nifty 50 Weekly Chart Update – Potential Bounce Ahead?The latest weekly candle on the Nifty 50 chart is forming a bullish engulfing pattern, indicating a possible short-term bounce in the coming weeks. This could present a trading opportunity for short-term traders.
Key Observations:
📈 Long-term trendline support: The trendline from COVID-19 lows is holding, suggesting a potential rebound.
📊 MACD histogram: Showing signs of decreasing bearish momentum, hinting at a possible pullback.
🔄 Fibonacci Levels: Price remains within a well-defined Fibonacci-based channel, supporting a bounce scenario.
📌 Stochastic RSI: Near oversold levels, further supporting a potential move upward.
Possible Price Targets:
🎯 Immediate resistance: 23,800 - 24,000 (short-term upside target)
🎯 Next major resistance: 24,500 - 25,000 (Fibonacci 0.618 zone & upper trendline resistance)
🔻 Support levels: 22,700 - 22,500 (If the trendline breaks, further downside possible)
A sustained move above 24,000 could trigger further upside momentum, while failure to hold the trendline support may invalidate the bullish bias.
⚠ Disclaimer: This post is for educational purposes only and should not be considered trading or investment advice. Please conduct your own research and consult a financial advisor before making any trading decisions.
NIFTY Valentine day date..BuyEnding diagonal in Neo waves...OR wedge in technical terms..Nifty broke out...so the tgt calculated as per wedge and time for it to achieve is feb 14 ..Nifty tgt mentioned on chart...
Nifty to reach 23630 soon and then reverse sharplyExpecting nifty50 to reach 23630 and then reverse sharply from there as FII will not stop selling for next 1 week atleast.
#NIFTY Intraday Support and Resistance Levels - 31/01/2025Gap up opening expected in nifty. Expected opening near 23350 level. After opening if nifty starts trading and sustain above 23400 level then expected strong upside rally upto 23600+ level in opening session. Any downside movement expected below 23350 level. Important support level for nifty is 23100 if nifty starts trading below this level then expected sharp downside movement
Nifty/Banknifty options trading strategy for tomorrow(budgetday)For budget day, market volatility tends to increase, so it's essential to trade cautiously. Here’s a brief strategy for Nifty and Bank Nifty options:
Straddle/Strangle:
Straddle: Buy both an ATM (At The Money) call and put option on Nifty or Bank Nifty. This strategy profits from big moves in either direction, especially when there’s high volatility expected during the budget announcement.
Strangle: Buy an OTM (Out of The Money) call and put option, which can be cheaper than a straddle. This also takes advantage of big moves but requires larger price movements to be profitable.
Iron Condor:
If you expect low volatility, you can use an iron condor by selling a near-the-money call and put option and buying a further OTM call and put. This profits when the market stays within a range.
Covered Call/Put (for conservative traders):
If you already hold Nifty or Bank Nifty futures, you can sell call options for additional premium, expecting that the price will not break certain levels.
Keep a Close Eye on the Market Reaction:
Be prepared to exit early if market conditions shift unexpectedly.
Consider setting a stop-loss or target to avoid excessive losses.
Remember to adjust the strategy based on how you expect the market to react post-budget announcement, and never risk more than you're willing to lose in volatile conditions.
Nifty/Banknifty options trading strategy for tomorrow(budgetday)For budget day, market volatility tends to increase, so it's essential to trade cautiously. Here’s a brief strategy for Nifty and Bank Nifty options:
Straddle/Strangle:
Straddle: Buy both an ATM (At The Money) call and put option on Nifty or Bank Nifty. This strategy profits from big moves in either direction, especially when there’s high volatility expected during the budget announcement.
Strangle: Buy an OTM (Out of The Money) call and put option, which can be cheaper than a straddle. This also takes advantage of big moves but requires larger price movements to be profitable.
Iron Condor:
If you expect low volatility, you can use an iron condor by selling a near-the-money call and put option and buying a further OTM call and put. This profits when the market stays within a range.
Covered Call/Put (for conservative traders):
If you already hold Nifty or Bank Nifty futures, you can sell call options for additional premium, expecting that the price will not break certain levels.
Keep a Close Eye on the Market Reaction:
Be prepared to exit early if market conditions shift unexpectedly.
Consider setting a stop-loss or target to avoid excessive losses.
Remember to adjust the strategy based on how you expect the market to react post-budget announcement, and never risk more than you're willing to lose in volatile conditions.
Strong move above 23300 coming up..?As we can see NIFTY can be seen forming signs of reversal with taking resistance at the smaller trendline making it weaker hence any closing above 23300 can show unidirectional move of 200-300 points so plan your trades accordingly and keep watching.
Nifty Intraday Support & Resistance Levels for 31.01.2025Thursday’s session was marked by high volatility, with Nifty opening flat and making an initial low of 23,139.40. A strong rally took it to 23,311.15, where it entered the 15m Supply Zone (23,288.75 - 23,331.30), but selling pressure dragged it back to 23,141. The index then rebounded to a day high of 23,322.05 before closing at 23,249.50, gaining 86 points over the previous close. Both the Weekly Trend (50 SMA) is Negative to sideways and Daily Trend (50 SMA) remain Negative, indicating a cautious outlook.
Demand/Support Zones
Near Demand/Support Zone (15m): 23,141 - 23,205.70
Near Demand/Support Zone (30m): 22,786.90 - 22,843.30
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Far Support Level: 21,281.45 (Low from 4th June 2024)
Supply/Resistance Zones
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30
Outlook
Nifty is testing critical resistance levels while facing persistent selling pressure at higher zones. A break above 23,350 could push it towards 23,500+, while failure to hold support at 23,141 may lead to a retest of lower levels.
NIFTY 50 KEY LEVELS FOR 31/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 mins timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NIFTY LEVEL FOR 31ST JAN 2025Intraday Levels for 31st January 2025
🔺 Resistance Levels (Upside Targets)
23,300 – Immediate Resistance
23,400 – Strong breakout level
23,500 – 23,600 – Major supply zone
🔻 Support Levels (Downside Protection)
23,150 – First intraday support
23,000 – Strong support
22,900 – 22,800 – Major demand zone
Intraday Trading Plan for 31st Jan 2025
Bullish Trade Setup (Buy Above 23,300)
Entry: Above 23,300
Target 1: 23,400
Target 2: 23,500 – 23,600
Stop-Loss: 23,150
Bearish Trade Setup (Sell Below 23,150)
Entry: Below 23,150
Target 1: 23,000
Target 2: 22,900 – 22,800
Stop-Loss: 23,250
Nifty Review & Analysis - DailyPrice Action :
Nifty showed Strenght and closed in green for 2 consicutive days
Technicals:
Nifty opened in green and built on it. A small profit booking was see at 23300 levels may be due to monthly expiry but over all looked strong and stable but couldn’t close above 20Dema but managed to close above 10Dema.
The momentum indicators, RSI - Relative Strength Index improved to 45
Support/Resistance
Major Support 22900
Immediate Support 23100
Immediate Resistance 23350
Major Resistance 23500
Trend:
Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300
Options Data:
Monthly Options data reading not clear as it was expiry day
Weekly Options data suggests huge Put unwinding seen at 23000 and Call Build up seen at 23000 suggesting Resistance
PCR improved to 0.7 which is Bearish
Futures Data:
FII Long/Short ratio improved to 22%/78%
Nifty Futures price was in neagative, a decrease in price alongside an increase in Open Interest (OI) typically indicates a build-up of short positions in the market, which is generally considered a bearish signal as more traders are betting on the price to fall further
Outlook for Next Session:
Nifty in sideways to positive
Approch:
Long only above 23270
avoid shorts till 22800 taken down convincingly
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
still holding Long in Feb Series CE
Nifty trying to stage a comeback but important hurdles coming upNifty is trying to stage a comeback but there are important hurdles coming up 23328 and 23883 has a lot of obstacles for the rising Nifty based on the historical data. (Historical meaning the data which is At Least 3 months or older).
The important resistances for Nifty here are 23328 (June 24 peak) followed by Father line resistance (200 day's EMA on daily chart at 23623.). The mother line resistance (50 day's EMA) which is at 23687. After we get a closing above this zone the next resistance will be near 23883. Once we get a closing above 23883 we can think of gaining back 24K levels.
Supports for Nifty now remain at 22838, 22316 and 21869 which is near the lows of June 4th 2024. Shadow of the candle is currently positive but near the resistances mentioned earlier there can be pressure on Nifty.
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. The Techno-Funda analysis is based on data that is more than 3 months old. 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. This is a spot Nifty analysis based on Historical data as mentioned earlier. 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.
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! 📊🔥
NIFTY | LONG REVERSAL | SWINGNIFTY is now starting to reverse like Bank Nifty and the Bulls seem to have taken control from the Low.
Look at the Higher Lows being formed and a fresh new Low isn't able to form.
I've taken a long position and will be holding it for Feb week-1 expiry.
Target - 23,600
NIFTY50.....End of wave 3 of c?Hello Traders,
Something really interesting happened this morning!
A "Morning Star" occurred, and it was "created" by the candles from Friday the 24th to Tuesday the 28th!
A morning star is made up of three candles. The first day could be bearish, the second day is lower than the previous day and ideally it is a bearish day as well. The next day needs a gap to the upside, followed by a bullish day!
This is exactly what happened during this period.
So a buy signal is given when the closing price is above the previous day's level, here at 23138. The stop loss is placed at the bottom of the star; in this case @22786.90!
But I think one or two lower lows are needed to complete the wave structure. We shall see.
Once again! There is no need to rush because there is no bullish sign or divergence.
Another argument is that the price hasn't left the Bollinger Bands on the downside, which is always a good indication of an "oversold" situation!
OK, if a "wash out" occurs in the next day or two, I will be ready for a trade. But! Not yet!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
NIFTY NEXT MOVENIFTY next move support and resistance levels and elliott wave analysis 23350 selling pressure zone this breaking level ups or down
#NIFTY Intraday Support and Resistance Levels - 30/01/2025Flat opening expected in nifty. After opening possible nifty will consolidate in between the range of 23100-23200 level. If nifty gives upside breakout of 23200 level then expected bullish rally upto 23350+ into today's session. Strong downside move expected below 23100 level. Downside next support level at 22900 for nifty in today's session.
Nifty Intraday Support & Resistance Levels for 30.01.2025On Wednesday, Nifty opened with a gap-up, showing strong buying momentum. It made a low of 22,976.50, attempted a rally to 23,125.85, but faced resistance at the 5m Supply Zone (23,118.05 - 23,137.95), leading to a pullback near 22,984. However, buyers stepped in again, pushing Nifty to a high of 23,183.35 before closing at 23,163.10, gaining 205 points over the previous close. The Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remains Negative, indicating caution despite the recovery.
Demand/Support Zones
Near Demand/Support Zone (30m): 22,786.90 - 22,843.30
Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Far Support Level: 21,281.45 (Low from 4th June 2024)
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Far Supply/Resistance Zone (Daily): 23,976.00 - 24,196.45
Outlook
Nifty’s price action suggests strong resistance around 23,180 - 23,330, where supply zones could limit further upside. On the downside, support near 22,900 will be key for bulls. With the Budget 2025 nearing, markets could witness increased volatility in the upcoming sessions.
400++ points and counting !As analysed, we had been adamant to our analysis when it went in our demand zone and it did went our way, though it’s not much but I believe it is the start of the new trend which is UPTREND. Hence as long as the low is not taken out, all dips can be bought so plan your trades accordingly.
Nifty Trend directionNifty 23163 - Nifty positively move as we expected and the formation is a broadened descending wedge pattern. Trading plans for the patten given in the enclosed.
Based on the pattern and the data, We are bullish and looking for 23350 as initial target,
Will keep posting our trade ideas and trades during market hours.
Nifty Intraday Trade Setup | 30th January 2025Nifty opened flat around 23030 and after forming a low at 22976 it went up and made high above 23180.
Tomorrow, buy Nifty if sustains above 23180 for the targets of 23240 and above marked level. On the other side, sell if Nifty sustains above 23080 for the targets of 23030 and above marked level on the chart.
Expectations: Volatile Day
Intraday Levels:
Buy Above - 23180
Sell Below - 23080
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
