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NIFTY trade ideas

NIFTY 50 LEVELS FOR 02/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the GREEN 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 GREEN line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below. **Timeframe:** Use a 5-minute 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 : Trading Levels and Plan for 02-Sep-2024On 30st Aug 2024, Nifty exhibited a consolidation pattern around the 25,247 zone, forming a 'No Trade Zone' between 25,204 and 25,247. The index has been oscillating within this narrow range, suggesting a potential breakout or breakdown. The market now appears poised for a significant move based on how it reacts to the current levels. --- 📈 Trading Plan for 2-Sep-2024: Given the consolidation seen in the last trading session, the opening direction will play a crucial role in shaping the day's trade. Here’s how to approach different opening scenarios: Gap Up Opening (100+ Points): If Nifty opens above 25,347, it would suggest bullish momentum. In such a case, wait for the first 15 minutes to see if the index sustains above this level. - Entry Point: If sustained, look for a pullback towards 25,318-25,330 to enter long positions. - Target: The first target would be 25,376 followed by 25,399. This area is marked as the 'Profit Booking Zone.' - Stop Loss: Place a stop loss at 25,275 on a 15-minute closing basis to manage risk. If the gap-up fails and Nifty moves below 25,318, wait for confirmation of weakness before taking any trades. The 'No Trade Zone' remains critical in this scenario. \t Flat Opening: If Nifty opens flat and continues to hover within the 'No Trade Zone' (25,204-25,247), patience is key. Let the market choose its direction before entering a trade. - Entry Point: A breakout above 25,247 with good volume can be a buy signal, with an initial target of 25,318 and then 25,376. - Stop Loss: A stop loss should be placed at 25,200 to protect against any false breakouts. Conversely, if Nifty breaks below 25,204, it could indicate weakness, and short positions can be initiated with a target of 25,119 and 25,055. \t Gap Down Opening (100+ Points): If Nifty opens below 25,119, it will indicate bearish momentum. In such a case, observe the market for the first 15 minutes to determine whether the selling pressure continues. - Entry Point: If Nifty sustains below 25,119, look to enter short positions on a pullback towards 25,140-25,160. - Target: The initial target would be 25,055, with a further downside potential towards 24,980. - Stop Loss: Place a stop loss at 25,204 to minimize risk in case of a sudden reversal. If the gap down is quickly bought into and Nifty moves back above 25,119, reassess the strength and consider long positions only if it crosses 25,204 with volume. --- 💡 Risk Management Tips for Options Trading: - Use Stop Losses Wisely: Always trade with a stop loss to prevent significant losses in case the market moves against your position. - Position Sizing: Allocate only a small percentage of your capital for any single trade to manage risk effectively. - Avoid Overtrading: Stick to your plan and avoid impulsive trades that don’t fit your strategy. - Monitor Implied Volatility: Be aware of the IV levels, especially for options trading. High IV can lead to inflated premiums, which might not favor your strategy. - Be Patient: Wait for the market to confirm your trade setup. Entering too early might expose you to unnecessary risks. --- 📊 Summary & Conclusion: The market is currently at a critical juncture, with key levels such as 25,247 and 25,204 playing pivotal roles in determining the direction of Nifty on 2nd September 2024. A clear break above or below these levels, depending on the opening scenario, will offer the best trading opportunities. Remember, trading within the 'No Trade Zone' may lead to choppy and uncertain price action, so it’s crucial to remain patient and wait for confirmed breakouts or breakdowns before taking any positions. --- Disclaimer: I am not a SEBI-registered analyst. The views expressed here are for educational purposes only and should not be considered as investment advice. Please conduct your analysis or consult with a financial advisor before making any trading decisions. --- This plan should guide you through the potential scenarios for the upcoming trading day, providing clear entry, target, and stop loss levels based on the market's opening.
NSE:NIFTYLong
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 25260 SL - 25200 TARGETS - 25320,25400,25470 SELL BELOW - 25200 SL - 25260 TARGETS - 25130,25080,25030 NO TRADE ZONE - 25200 to 25260 Previous Day High - 25260 Previous Day Low - 25200 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
NIFTY50.....One more higher high!Hello Traders, The NIFTY50 has closed the open gap @ 25004 points as argued in my latest analysis. As a result, a new ATH has been established at 25268.35. There is a chance that this high is wave ((5)) of iii and a corrective move can be next in the coming week. If so, a price level for this idea is around 23893 to 21281! But moving from weekly to daily time frame, I would say that one more high is missing to complete the structure of a complete "5" of an impulsive wave! The 25980 to 26040 area is likely available. Remember that September is one of the months of the year with a weakening performance worldwide for stocks and indexes! For now, there is no argument for this idea, but it's always good to be prepared for such a scenario. Trade with patience and be prepared for the unexpected! Have a great week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Nifty50 analysis for next week 2nd Sept-6th Sept 2024#Nifty surged to a new all-time high of 25236 this week, gaining nearly 400 points from the previous week's close. As predicted, the market remained within the 25500-24200 range. For the coming week, I anticipate Nifty to trade between 25850 and 24600 . A break above or below these levels could trigger significant price movements. If Nifty can sustain above 25300, it might reach 25400, 25568, 25650, or even 25809 (a crucial resistance level). While the weekly RSI is showing signs of a bearish M pattern, I believe Nifty needs to reach 25500 or 25800 before a significant decline. Overall, for coming week market remains bullish. The S&P 500 closed just above the important Fibonacci level of 5637. A break above 5670 could lead to gains towards 5700, 5806, or even 6142, which would likely benefit Indian markets. However, a breakdown below 5550 could trigger a sell-off, with potential support levels at 5486, 5373, and 5180. Such a scenario would have negative implications for global markets, including India.
NSE:NIFTYLong
by ssudhirsharma11
NIFTY S/R for 2/9/24Support 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. 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
Study of Nifty since it's inception for long term view/Outlook. Nifty has closed at highest monthly closing. It is almost at all time high. Now what the future holds for investors? It is the right time to look at All Time Chart of Nifty. This will help us in taking a long term view of Nifty we decided to look at the all time channel of the same since it's inception in 1991. This research has given three indications. The long term channel is the best way to get predict the Nifty as it filters out all noise. The cut off date we have indicated is January 2028. This study and analysis has shown an interesting result which indicates that the best case scenario for Nifty by 2028 can be 49K+ levels. (If we continue to grow at the same rate along with the same trendline). In case of stutter the moderate case scenario seems to be that we can reach 30K+ levels. The worst case scenario as of now seems to be that we remain at similar levels of 23K+. This can happen in case of a major global catastrophe or some internal disruption in India. (Both are worst case scenarios). The reason we might not fall below these levels is that we have a strong rule of law, India as of now is not aligned to any global power and has become leader of the Global south so in case of conflict we might not grow but we by all means will not fall below a certain level. Since 2005 Nifty has gone below Mid channel support only on two occasions once in sub prime crisis in 2008 and once during Covid 19 outbreak. Even if we fall below Mid channel support we mostly will bounce back very strongly. Thus the indications of all time chart of Nifty seem that India will remains a bull run for a long long time to come. If we believe the current trend within this decade that is before 2030 Nifty touching or crossing 50K also remains a fair possibility. So invest in equity, Educate yourself, learn Techno-funda analysis. Reading The Happy Candles Way To Wealth creation my book which is available on Amazon in Paperback and Kindle version can be a good beginning for you. All the best! Happy Investing.
NSE:NIFTYLong
by Happy_Candles_Investment
Solid closing above important Fibonacci level of ATH. Nifty has given a solid closing above previous ATH and important Fibonacci level showing growing momentum. A new All Time High was made today at 25192.90 for Nifty which closed strongly at 25151.95. Now there is a strong support zone for Nifty between 24998 and 24933. 24933 happens to be 50 EMA (Mother's line) as well as mid channel support. This resistance will be tough to conquer for Bears. In case there is closing in an unlikely event below 24933 the next support will be at 24716. On the upper side the next resistances will be near 24193 (weak resistance of ATH). 25294 and finally 25411. 25411 is an important Fibonacci resistance which will be tough to conquer. In case we get a closing above 25411 next month or so the doors for 25840 in the medium to long run will open. words of Wisdom: All The boats go up in a tide so go for fundamentally strong stock which have good thematic future rather than momentum traps. Pick Fundamentally strong stocks which are giving a technical breakout. To know more about stock selection read my book The Happy Candles Way to wealth creation available on Amazon.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 30 AUG 2024BUY ABOVE - 25200 SL - 25130 TARGETS - 25260,25320,25400 SELL BELOW - 25130 SL - 25200 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25200 Previous Day High - 25200 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
NIFTY : Levels and Plan for 30-Aug-2024 On 29th August 2024, Nifty 50 exhibited a strong bounce from the Support/Sideways Zone around 25,013, reclaiming some of the intraday losses. The index faced resistance near 25,224 but managed to close positively, indicating that buyers were active at lower levels. The key levels for the upcoming session will be around the opening resistance/support zones and the previous intraday highs and lows. Trading Plan for 30th August 2024 1. Gap Up Opening (+100 points or more) - If Nifty opens above 25,224, observe the price action near the opening resistance zone between 25,243 and 25,224. If the index holds above 25,243, it could move towards the profit booking zone at 25,355 to 25,377. Consider booking partial profits if this level is reached. - A rejection from the 25,243 level may lead to a retracement towards 25,106. A break below this level could signal further downside. - Risk Management Tip: If initiating long positions at the open, consider buying a put option at a strike price near 25,243 as a hedge against potential resistance. 2. Flat Opening (within ±50 points) - A flat opening around 25,156 would put the focus on the support/resistance battle at 25,106 to 25,079. A sustained move above this zone could lead to a rally towards 25,224, where traders should watch for resistance. - However, if the index struggles to hold above 25,079, a decline towards 25,013 or even lower towards the buyer’s support zone at 24,934 could be in play. - Risk Management Tip: Consider using a trailing stop loss on long positions to lock in gains if the index moves higher. If shorting, hedge with a call option at a strike price near 25,224. 3. Gap Down Opening (-100 points or more) - A gap down opening below 25,013 could lead to a test of the buyer’s support at 24,934 to 24,913. Watch for a potential reversal from this zone. If Nifty finds strong support here, it could attempt a recovery towards 25,079. - If the index fails to hold above 24,913, a further drop towards 24,776 could be expected, signaling a bearish trend. - Risk Management Tip: Consider buying a call option as a hedge if the index shows signs of holding above the buyer’s support zone after a gap down. #### **Risk Management Tips for Options Trading** Avoid taking large positions during the first 15 minutes of the session, as market direction may not be clear. Use defined stop losses to limit potential losses, especially in volatile markets. Diversify your option strategies by considering spreads or combinations to manage risk better. Consider booking partial profits at key resistance or support levels to lock in gains. #### **Summary and Conclusion** The trading plan for 30th August 2024 revolves around key support and resistance levels, with specific strategies for each opening scenario. A gap up could lead to profit booking near the 25,355 to 25,377 zone, while a flat opening focuses on the 25,106 to 25,079 support/resistance zone. A gap down could bring the buyer’s support zone at 24,934 to 24,913 into play, with a potential recovery if this level holds. Disclaimer: I am not a SEBI-registered analyst. The views expressed here are for educational purposes only. Please conduct your analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY | 30-AUG-2024 |NIFTY | 30-AUG-2024 | Weekly time frame NIFTY heading towards the upper part of the white parallel channel (resistance) NIFTY riding above 20-, 50- & 200-week moving averages RSI = 70, indicating strong bullish momentum MACD well above the 0 line & in green zone, indicating bullish momentum Daily time frame NIFTY crossed the previous all-time high intraday & also closed above it NIFTY riding above 20-, 50- & 200-day moving averages RSI > 65, indicating bullish momentum MACD crossover extended & is above 0 line, indicating momentum Hourly time frame NIFTY closed above the yellow resistance line & above previous all-time high NIFTY riding above 20-, 50- & 200-hour moving averages RSI = 70, bullish momentum still consolidating MACD above 0-line, momentum still intact Levels to watch out for: Long-term view Monthly Timeframe: NIFTY is bullish until it goes below 21,300 Weekly Timeframe: NIFTY is bullish until it goes below 23,400 Daily Timeframe: NIFTY is bullish until it goes below 23,900 Short-term view: a) NIFTY is sideways between 24,850 – 25,100 b) NIFTY is bullish above 25,100 (Target could be 25,500) c) NIFTY is bearish below 24,850 (Target could be 24,500)
NSE:NIFTYLong
by shyamsrk2
Daily market analysis tomorrow 30th AugustDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterest
NSE:NIFTYShort
by littlesubham
Nifty Positional Trading PlanThe market continued to consolidate while maintaining its upward momentum for the ninth consecutive session and hit a new Nifty 50 closing high on 28th August. The rise of 0. 14 per cent to 25,052 points formed a doji like candlestick pattern indicating consolidation and indecision among buyers and sellers on future market trends. US stock markets fell across the board overnight and Asia opened today with a correction, creating instability in the domestic market. The bulls may weaken after consecutive rallies and the market is expected to remain consolidated on the monthly F&O expiry date. Important resistance above is at 25, 100 pips, while short-term key support appears at 24,950 pips, at 5-day EMA level. Nifty Options For call option data, the highest number of open positions is at 25,500 strike, which can act as a key resistance level for Nifty in the short term. In put options, the highest number of open positions is at 25,000 strike, which can act as a key support level for Nifty. August F&O expires and can be shifted to September F&O to open new positions. Longs have shown weakness and remain short for the next few sessions, today one can focus on NIFTY SEP 24500 PE and enter new position at 135-150 with scheduled profit of 15%.
NSE:NIFTYLong
by PJVFINANCIAL
Nifty not closing above 25078 is not a good sign.Nifty not able to close above 25078 after making a high of 25129 is not a good sign. It showed a kind of weakness in the rally which can send Nifty downwards searching for the support. Supports for Nifty currently are near 24960 and 24857. Resistances on the upper side are now between the zone of 25078 and 25129. Once we get a closing above 25129 the door going towards 25276 or even 25411 can open. Right now the shadow of the candle is looking slightly red in colour that is negative.
NSE:NIFTY
by Happy_Candles_Investment