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NIFTY trade ideas

NIFTY INTRADAY LEVELS FOR 10/10/2024BUY ABOVE - 25060 SL - 24970 TARGETS - 25120,25180,25230 SELL BELOW - 24970 SL - 25060 TARGETS - 24890,24800,24700 NO TRADE ZONE - 24970 to 25060 Previous Day High - 25280 Previous Day Low - 24970 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 👍
NSE:NIFTY
by Jagadheesh_JP
2
NIFTY : Trading Levels and Plan for 10-Oct-2024Nifty Trading Plan for 10-Oct-2024 Previous Day's Chart Pattern Recap On the previous trading day, NIFTY performed exactly worked at levels that I have shared previously ultimately forming a range-bound structure. Despite some attempts to break out, the price movement remained sideways, with support holding near 24,971 and resistance near 25,090. The structure indicated indecision, setting the stage for a decisive move depending on how Nifty reacts to key levels in today's session. Let’s analyze possible opening scenarios for 10th October and plan accordingly. Opening Scenarios Gap Up Opening (+100 points or more): In case of a gap up, Nifty will likely open above the "No Trade Zone" and approach the resistance zone near 25,172–25,267. If the price holds this zone, there could be an upward extension towards 25,323 and 25,475. However, if the market shows weakness near 25,172, we could see a reversal or sideways movement. Trade Setup: - Buy near 25,172 with a stop loss just below 25,120. - First target: 25,267; Second target: 25,323. - Consider shorting if Nifty reverses from 25,267, with a target towards 25,090. Flat Opening: A flat opening within the "No Trade Zone" (25,066–25,090) might lead to a choppy market initially. Traders should wait for a clear breakout or breakdown from this range. A breakout above 25,090 could push prices towards the higher resistance zones, while a breakdown below 25,066 would target the support zone near 24,954. Trade Setup: - Buy above 25,090, targeting 25,172 and 25,267. - If price breaks below 25,066, short with a target towards 24,954 and 24,900. - Wait for confirmation before entering, as false breakouts may occur within this range. Gap Down Opening (-100 points or more): If Nifty opens with a gap down and approaches the "Opening Support" zone around 24,954–24,971, expect a possible bounce. A failure to hold this zone may lead to further declines towards 24,809 (Buyers' Re-Entry Zone). In case of continued selling, the next support level lies at 24,626. Trade Setup: - Buy near 24,971 if support holds, with a target of 25,066 and 25,090. - If Nifty fails to hold 24,954, short with a target towards 24,809 and 24,626. - Look for confirmation before entering trades near these key support levels, especially if the gap down is sharp. Risk Management Tips for Options Traders: - Avoid trading options during the first 15 minutes of the market open to let the volatility settle. - Use defined stop losses, especially in gap scenarios. Use an hourly close for better confirmation. - Choose options strike prices near the key levels mentioned. For instance, near 25,100, look for 25,100–25,200 strike prices for calls/puts depending on the direction. - Stay cautious with overleveraging; trade only with capital you're willing to risk in volatile conditions. Summary and Conclusion: Today’s trading will revolve around how Nifty reacts to the key levels defined above, especially in the gap opening scenarios. A gap up will bring us closer to resistance, while a gap down will test the strength of buyers near the support levels. Stay patient, wait for price confirmation, and only take trades with a favorable risk-reward ratio. Disclaimer: I am not a SEBI registered analyst. The ideas shared here are for educational purposes. Please do your own analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
1
NIFTY S/R for 10/10/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) 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(50 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. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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.
NSE:NIFTY
by zenthosh
NIFTY 50 Key Levels for 10/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **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 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.
NSE:NIFTY
by nandupk
Nifty view for Tomorrow 10th Oct 2024 #Nifty50Nifty view for Tomorrow 10th Oct 2024 #NIFTY50 25078 above need to sustain for bulls in short time frame. 24694 immediate support for short time frame. Risky if sustain below 24950.. Bears still on nifty FIIs are net sellers in Equity segment (sold 49,305.29 crores) in October 2024 DIIs are net buyers in Equity segment (bought 50,183.00 crores) in October 2024 Charts for Educational purposes only. Not a Trading Recommendation. Please follow strict Risk Reward and Stop Loss if you follow the levels. Thanks, V Trade Point
NSE:NIFTYLong
by vichithra
Mother & Father resistance on Hourly chart stops Nifty progressThe zone between 25234 and 25313 has resistances like Mother line, Father line and today's high. Crossing this zone will be important to cross for Nifty to progress further. If this zone is crossed the next targets or resistances will be at 25481 and 25687. Supports for Nifty are at 24932, 24667 and 24470. Below 24470 Nifty will become very weak. RSI median line at 43.59 is support and mid channel RSI at 50 will be the resistance. Shadow of the candle currently is neutral to positive. Nifty is squeezing between support and resistace trendline and can give a move in any direction tomorrow. Not sustaining the highs of the day was a negative sign but we all know taking mother and father ashirwaad (Closing above mother and father line is never easy when they are in resistance mode). Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. 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. 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. 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.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 09/10/2024BUY ABOVE - 25060 SL - 24980 TARGETS - 25120,25180,25230 SELL BELOW - 24890 SL - 24980 TARGETS - 24800,24700,24600 NO TRADE ZONE - 24890 to 25060 Previous Day High - 25060 Previous Day Low - 24800 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 👍
NSE:NIFTY
by Jagadheesh_JP
6
Will BJP's victory boost NIFTY?Yesterday, the BJP's wins of 48 seats in Haryana and 29 in Jammu and Kashmir created an optimistic environment among investors. These results could provide a boost to NIFTY, and we can expect it to cross above 25500 by the end of this week or in the early trading days of next week. Another factor that could help NIFTY surpass 25500 is the major support level it is currently trading at. This price level is significant and could serve as a positive factor in boosting NIFTY. Observe the market carefully today and position yourself accordingly.
NSE:NIFTYLong
by billionaire_guru
NIFTY : Trading levels and Plan for 09-Oct-2024Nifty Trading Plan for 09-Oct-2024 Previous Day's Chart Pattern Recap On the previous trading day, Nifty showed a first recovery pattern from recent lows, as depicted by the "No Trade Zone" in the 15-minute chart. There was limited directional movement as traders seemed hesitant to break out of this range. We now stand at a crucial point, where price action near the opening can dictate the upcoming trend. Both support and resistance levels are well-defined, so today's strategy will revolve around managing trades based on gap openings and key price zones. Opening Scenarios Gap Up Opening (+100 points or more): In case of a gap up opening, Nifty will likely open above the "No Trade Zone" and may test the "Resistance at BoS Zone" near 25,162–25,198 levels. If Nifty sustains above this zone, we can expect an attempt towards the final intraday resistance at 25,265. However, traders should be cautious of a potential reversal near this level. Wait for a proper breakout confirmation or rejection around 25,162–25,198. Trade Setup: - Buy near 25,165 with a stop loss just below 25,120. - First target: 25,240; Second target: 25,265. - If price reverses from resistance, consider shorting below 25,120 with a target towards 25,036. Flat Opening: A flat opening within the "No Trade Zone" (25,036–25,085) should be treated with caution. Nifty may show range-bound movement initially. If prices stay within this zone for the first 15–30 minutes, it’s best to wait for a breakout on either side for directional trades. Trade Setup: - A breakout above 25,085 will target 25,162. Buy if hourly candle sustains above 25,085. - If Nifty breaks below 25,036, short with a target towards 24,985–24,950 range. - Consider waiting for confirmation as this zone could lead to false breakouts. Gap Down Opening (-100 points or more): In the case of a gap down opening near the "Opening Support" zone around 24,841–24,865, we can expect some buying interest. However, if the gap down is severe and breaks below this level, prices may move towards the "Last Support" at 24,768 or further down to 24,600. Trade Setup: - Buy near 24,850–24,865 levels if price holds, with a target of 24,985. - If Nifty fails to hold 24,841, short with a target of 24,768, and further down to 24,650. - If price action remains bearish, wait for more confirmation near these support levels for low-risk entries. Risk Management Tips for Options Traders: - Always set a stop loss based on your maximum risk tolerance. Use an hourly close for better confirmation, especially in volatile market conditions. - For gap openings, avoid taking trades in the first 15 minutes to allow the market to settle. - Use defined strike prices close to key levels. For example, if Nifty is trading near 25,000, choose 25,000–25,100 CE/PE based on the directional bias. - Avoid overleveraging and only deploy capital you're comfortable risking in volatile situations. Summary and Conclusion: Today's trading will revolve around key price levels, with a focus on gap openings. A gap up may test resistance, a flat opening requires patience for a breakout, and a gap down should be approached cautiously near support. Given the consolidation in the previous session, today's move could provide some clarity for short-term trends. Keep an eye on breakout/rejection patterns near key zones. Disclaimer: I am not a SEBI registered analyst. The ideas shared here are for educational purposes. Please do your own analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
2
NIFTY : Trading levels and Plan for 09-Oct-2024Nifty Trading Plan for 09-Oct-2024 Previous Day's Chart Pattern Recap On the previous trading day, Nifty showed a first recovery pattern from recent lows, as depicted by the "No Trade Zone" in the 15-minute chart. There was limited directional movement as traders seemed hesitant to break out of this range. We now stand at a crucial point, where price action near the opening can dictate the upcoming trend. Both support and resistance levels are well-defined, so today's strategy will revolve around managing trades based on gap openings and key price zones. Opening Scenarios Gap Up Opening (+100 points or more): In case of a gap up opening, Nifty will likely open above the "No Trade Zone" and may test the "Resistance at BoS Zone" near 25,162–25,198 levels. If Nifty sustains above this zone, we can expect an attempt towards the final intraday resistance at 25,265. However, traders should be cautious of a potential reversal near this level. Wait for a proper breakout confirmation or rejection around 25,162–25,198. Trade Setup: - Buy near 25,165 with a stop loss just below 25,120. - First target: 25,240; Second target: 25,265. - If price reverses from resistance, consider shorting below 25,120 with a target towards 25,036. Flat Opening: A flat opening within the "No Trade Zone" (25,036–25,085) should be treated with caution. Nifty may show range-bound movement initially. If prices stay within this zone for the first 15–30 minutes, it’s best to wait for a breakout on either side for directional trades. Trade Setup: - A breakout above 25,085 will target 25,162. Buy if hourly candle sustains above 25,085. - If Nifty breaks below 25,036, short with a target towards 24,985–24,950 range. - Consider waiting for confirmation as this zone could lead to false breakouts. Gap Down Opening (-100 points or more): In the case of a gap down opening near the "Opening Support" zone around 24,841–24,865, we can expect some buying interest. However, if the gap down is severe and breaks below this level, prices may move towards the "Last Support" at 24,768 or further down to 24,600. Trade Setup: - Buy near 24,850–24,865 levels if price holds, with a target of 24,985. - If Nifty fails to hold 24,841, short with a target of 24,768, and further down to 24,650. - If price action remains bearish, wait for more confirmation near these support levels for low-risk entries. Risk Management Tips for Options Traders: - Always set a stop loss based on your maximum risk tolerance. Use an hourly close for better confirmation, especially in volatile market conditions. - For gap openings, avoid taking trades in the first 15 minutes to allow the market to settle. - Use defined strike prices close to key levels. For example, if Nifty is trading near 25,000, choose 25,000–25,100 CE/PE based on the directional bias. - Avoid overleveraging and only deploy capital you're comfortable risking in volatile situations. Summary and Conclusion: Today's trading will revolve around key price levels, with a focus on gap openings. A gap up may test resistance, a flat opening requires patience for a breakout, and a gap down should be approached cautiously near support. Given the consolidation in the previous session, today's move could provide some clarity for short-term trends. Keep an eye on breakout/rejection patterns near key zones. Disclaimer: I am not a SEBI registered analyst. The ideas shared here are for educational purposes. Please do your own analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY 50 KEY LEVELS FOR 09/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **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 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.
NSE:NIFTY
by nandupk
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach. Target Points: TP 1: 25823.50 TP 2: 25543.00 TP 3: 25262.50 TP 4: 25089.15 Stop Loss (SL): 26137.10 The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
NSE:NIFTYShort
by ProfitsNinja
2
Good recovery candle by Nifty but Mother line yet to give way. Nifty gave a good recovery candle but Mother line resistance and mid channel resistance are yet to be conquered. the zone between 25052 and 25332 will play as a strong resistance as it contains resistances like Mother line (50 days EMA) at 25052 , Mid channel resistance around 25148 and a resistance from previous peak from mid september which is around 25332. Once this zone is crossed Bulls will try to take the market to the next levels which are 25481, 25657, 25992 and 26K+ again. The supports for Nifty remain at 24677, 24470, 24216 (channel Bottom support), 23942 and finally 200 days EMA or the Father line support at 23274. Below 23274 is all Bear territory. As we had indicated the market looked oversold yesterday there was a chance of short covering which happened today. Confirmation candle above 50 EMA tomorrow or later in the week will be an icing on the cake from where actual recovery can start. The candle formation today was similar to Bullish Harami pattern. (Harami in Japanese means Pregnant woman). Bullish Harami indicates shadow of the candle to be positive. The pattern can get confirmation only if the bullishness continues tomorrow and we have a positive closing of the week. 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. 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. 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.
NSE:NIFTY
by Happy_Candles_Investment