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NIFTY INTRADAY LEVELS FOR 22 AUG 2024BUY ABOVE - 24780 SL - 24740 TARGETS - 24850,24900,24960 SELL BELOW - 24660 SL - 24700 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24660 to 24780 Previous Day High - 24780 Previous Day Low - 24660 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 22-AUG-2024The previous trading session showed a steady upward trend in the NIFTY INDEX,. The chart reflects a bullish sentiment, with the index moving closer to the resistance levels. As we approach the trading day on 22-Aug-2024, key levels such as the "Last Resistance for New HIGH" and "Last Support for Trend Reversal" will be crucial in determining the market's direction. ### **Trading Plan for 22-Aug-2024** Scenario 1: Gap Up Opening (100+ points) If Nifty opens above the "Last Resistance for New HIGH" at **24,824**, the first target should be the **25,052** mark, which represents a potential new high. Monitor price action closely as profit booking might occur at these elevated levels. In case of a strong bullish move, consider trailing your stop loss to lock in profits, as the market could continue its upward momentum. Risk Management: Place a stop loss just below **24,824** to protect against any sudden reversal. If the price starts to drop after reaching the resistance, exit the position early to minimize risk. Scenario 2: Flat Opening A flat opening near **24,782** could see the index trading between the "Opening Support" at **24,726** and the "Last Resistance for New HIGH" at **24,824**. If the price sustains above **24,824**, target the **25,052** level for a potential breakout. Conversely, if the price falls below **24,726**, expect a decline towards the "Last Support for Trend Reversal" at **24,661**. Risk Management: Set a stop loss just below **24,726** for long positions or above **24,824** for short positions to maintain a favorable risk/reward ratio. Scenario 3: Gap Down Opening (100+ points) A gap down below the "Opening Support" at **24,726** could lead to increased selling pressure, with the price likely testing the "Last Support for Trend Reversal" at **24,661**. If this support holds, there could be a buying opportunity with a target back towards **24,726**. However, if the price breaks below **24,661**, it may trigger a larger downtrend towards the **24,543** mark. Risk Management: Place a tight stop loss below **24,661** to manage risk, especially if trading options, as the volatility could lead to rapid premium changes. ### **Risk Management Tips for Options Trading** - Use spreads to limit your exposure to large moves in either direction. For example, consider a bull call spread if you're expecting a modest rise or a bear put spread if anticipating a drop. - Be cautious with overnight positions, as unexpected global events could lead to significant gap openings against your position. - Keep an eye on implied volatility; it can significantly affect option premiums. High IV may suggest inflated premiums, making it a good time to sell options rather than buy. ### **Summary and Conclusion** The Nifty 50 shows a potential for further upward movement on 22-Aug-2024, particularly if it breaks through the **24,824** resistance level. However, traders should be prepared for reversals, especially if the market opens with a gap down. Key levels to monitor include **24,824**, **24,726**, and **24,661**. Proper risk management is essential, particularly in options trading, where market movements can be swift and volatile. Disclaimer: I am not a SEBI registered analyst. The above analysis is for educational purposes only and should not be construed as trading advice. Please do your own research or consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY S/R for 22/8/24Support 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. 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 Intraday Support and Resistance Levels - 21/08/2024🔔 Nifty Update for Today: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 24700 Key Level: 24700 Potential Upside Target: 24850 Nifty is expected to open with a gap up near the 24700 level today. If the index sustains above this level after opening, we could witness a strong upside rally, potentially reaching up to 24850 during the session. 📉 Watch for Downside Risks: Critical Reversal Level: 24650 Support Level: 24500 However, if Nifty starts trading below 24650, downside movement may occur. The 24500 level will serve as an important support in today’s session.
NSE:NIFTY
by TradZoo
Gap generated on 5th August Finally Filled today. Gap generated due to gap down opening of 5th August is finally filled today. It is not necessary that all gaps either on the way up or on the way down are filled every time. As there are different type of gaps and different timings of gaps / intervals etc there are many factors which create loop holes in the gap theory. We will discuss that some other time. Gap Theory is a subject in itself. The supports for Nifty now are at 24517, 24324 and finally 24088. Resistances for Nifty in the short to medium term are at 24736, 24857, 24950 and 25080.
NSE:NIFTYLong
by Happy_Candles_Investment
Daily market analysis tomorrow 21st 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 INTRADAY LEVELS FOR 21/08/2024BUY ABOVE - 24730 SL - 24660 TARGETS - 24780,24850,24900 SELL BELOW - 24660 SL - 24730 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24660 to 24730 Previous Day High - 24730 Previous Day Low - 24600 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 21-Apr-2024On 20-Aug-2024, Nifty 50 showed a mixed movement, with a significant resistance zone forming around 24,720, followed by a narrow trading range labeled as a "No Trade Zone." The previous day's price action suggests cautious trading as the market faces overhead resistance near 24,824, while buyers' support rests around 24,543. The market's behavior within these key levels will be crucial for today's trading decisions. As we approach the 21st of August, it is essential to prepare for all possible opening scenarios, especially considering a gap opening of 100+ points. This plan will guide you through different market openings and offer risk management tips for options trading. Gap Up Opening (100+ Points) If the market opens significantly higher, above the 24,720 resistance level, we should carefully observe the price action near 24,824. Entry: Wait for a minor pullback towards 24,720 to enter a long position. This level will act as support after a gap-up. If the price holds, initiate a long position. Target: The immediate target is 24,824, with a potential for further upside if the resistance is broken. Stop Loss: Place a stop loss below 24,720 to protect against a reversal. If the price fails to hold above 24,720 and dips back into the "No Trade Zone," it might indicate a gap filling scenario, and caution is advised. Alternative Plan: If the price falls back below 24,720 after a gap-up, wait for a clear rejection of 24,720 resistance before considering shorting, targeting 24,661. Flat Opening In the case of a flat opening around the 24,672 level, close to the "No Trade Zone," we must be prepared for both upward and downward movements. Entry: If the market starts moving upwards from the opening, wait for a breakout above 24,720 to enter long. If it moves downwards, look for a break below 24,661 to enter short. Target: For longs, aim for 24,824; for shorts, aim for 24,616. Stop Loss: Place a stop loss at 24,661 for long positions and 24,720 for short positions. This setup ensures you are positioned for a move in either direction, depending on the market's strength. Gap Down Opening (100+ Points) If the market opens significantly lower, below the support zone of 24,616, expect a more bearish sentiment throughout the day. Entry: Consider entering short positions on a pullback towards 24,616 if this level turns into resistance. Target: Aim for a target near 24,543, the last support for intraday. Stop Loss: Place a stop loss above 24,616 to limit losses in case of a reversal. If the price fails to sustain below 24,616 and starts recovering, the gap might get filled, and a reversal play could be considered. Alternative Plan: In case of a recovery, wait for a clear move above 24,616 to initiate longs targeting 24,661. Risk Management Tips for Options Trading Position Sizing: Keep your position size small, especially on volatile days, to minimize risk exposure. Time Decay: Be mindful of time decay, especially when trading weekly options. Consider entering near-the-money strikes for better liquidity. Hedge Positions: Use protective puts or call spreads to limit potential losses in case the market moves against your position. Avoid Overtrading: Stick to your plan and avoid overtrading, which can lead to emotional decisions and unnecessary losses. Summary and Conclusion Today’s trading plan revolves around key levels identified in the previous session, with particular attention to the "No Trade Zone" around 24,661-24,720. Gap scenarios are critical, and managing risk effectively is essential for a successful trading day. Keep an eye on how the market reacts to the 24,720 resistance and 24,616 support zones, as they will dictate the direction of the market. Disclaimer: I am not a SEBI-registered analyst. The trading plan shared above is based on personal analysis and is for educational purposes only. Please trade responsibly and consult with your financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY S/R for 21/8/24Support 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. 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 INTRADAY LEVELS FOR 20/08/2024BUY ABOVE - 24600 SL - 24530 TARGETS - 24660,24710,24780 SELL BELOW - 24530 SL - 24600 TARGETS - 24460,24380,24320 NO TRADE ZONE - 24530 to 24600 Previous Day High - 24660 Previous Day Low - 24530 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 : Trading Levels and Plan for 20-Aug-2024The previous day's trading session on the **Nifty** showed a range bound momentum, with the index closing near the **24,579** level after a significant bullish move in the last. The chart indicates that the market is now approaching key resistance levels, with possible retracement zones. The price action suggests potential trading opportunities based on how the market opens on **20-Aug-2024**. This plan outlines trading strategies for three possible opening scenarios: **Gap Up, Flat, and Gap Down**. --- ### Trading Plan for 20-Aug-2024: #### 1. Gap Up Opening (100+ points above) - If the market opens with a gap up above the **24,661** resistance level, the immediate focus should be on whether the price sustains above this level. - **Scenario A**: If the price holds above **24,661** and shows strength, look for a buying opportunity with an initial target of **24,720** (Resistance for Profit booking). Keep a tight stop loss below **24,615** (Opening Support/Resistance) to manage risk. **Scenario B**: If the price retraces after the gap-up opening, monitor for a reversal near **24,615**. If support is confirmed, consider entering long positions with a target back to **24,661**. However, if the price breaks below **24,615**, it may head towards the **24,547** support zone, where you can look for further buying opportunities. #### 2. Flat Opening (near previous close) - A flat opening around **24,579** would suggest indecision in the market. - **Scenario A**: If the price quickly gains momentum above **24,615**, it may test the **24,661** resistance. Consider entering long positions above **24,615** with a target of **24,661** and a stop loss below **24,579**. **Scenario B**: If the price remains weak and breaks below **24,547**, the market may test lower support levels near **24,511** or **24,500**. Consider short positions below **24,547** with a target of **24,500** and a stop loss above **24,579**. #### 3. Gap Down Opening (100+ points below) - A gap down opening below **24,511** will likely test the strong support zone around **24,489**. - **Scenario A**: If the market finds support near **24,489** and bounces back, consider long positions with a target of **24,547**. Place a stop loss below **24,475** to protect against further downside. **Scenario B**: If the price fails to hold above **24,489** and continues to fall, the next major support lies near **24,362**. Short positions could be considered below **24,475** with a target of **24,362** and a stop loss above **24,511**. --- ### Risk Management Tips for Options Trading : - Use **stop losses** to manage risk and protect your capital in case of adverse market movements. - Consider **hedging** your positions, especially in volatile market conditions, by using options strategies like **straddles** or **strangles**. - Avoid taking large positions that can significantly impact your portfolio; always assess your **risk-to-reward ratio** before entering a trade. - Stay informed of key market news and economic events that may influence market direction. --- ### Summary and Conclusion : The market is at a critical juncture, with potential resistance and support zones clearly defined. The trading plan for **20-Aug-2024** focuses on identifying key levels based on the market opening scenario, with strategies to capitalize on potential price movements. Risk management is essential, especially when trading options, to safeguard against unforeseen volatility. --- ### Disclaimer : I am not a SEBI registered analyst. The views expressed here are for educational purposes only and should not be construed as financial advice. Please conduct your own research or consult with a financial advisor before making any trading decisions. --- This plan is designed to provide a structured approach to the trading day, offering scenarios for different market openings while emphasizing the importance of risk management in your trading strategy.
NSE:NIFTYLong
by LiveTradingBox
NIFTY S/R for 20/8/24Support 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. 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