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Nifty 50 Index

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NIFTY trade ideas

Shakeout before demand momentumNifty looks like it will correct a bit, towards the bottom part of the parallel channel. I feel it will bounce off of that and can continue moving up to fill the gap around 24700. This is not a financial advice to take any trade. This is just my observation, which I am sharing for educational purpose. POTENTIAL TRADE THAT I MIGHT TAKE: Hedged option selling ---> 24100 PE Sell, 23900 PE Buy, only if it takes support from the bottom part of the channel. If no signs of buying, then this won't be executed.
NSE:NIFTYLong
by inteliigentrader
#NIFTY Intraday Support and Resistance Levels - 19/08/2024🔔 Nifty Update for Today's Session: 📈 Gap-Up Opening Expected: Opening Level: Near 24550 Key Level: 24550 Potential Upside Target: 24850+ In today’s session, Nifty is expected to open with a gap up near the 24550 level. If Nifty can sustain above this level after opening, we could see an upward movement, potentially reaching 24850 or higher. 📉 Watch for Reversal: Critical Level: 24450 Potential Downside Target: 24200 However, if Nifty reverses and starts trading below 24450, a downside rally may occur, with the index potentially declining towards the 24200 level.
NSE:NIFTY
by TradZoo
Nifty Short, Medium & Long Term view 19-Aug-24 to 23-Aug-24Nifty Short, Medium & Long Term view 19-Aug-24 to 23-Aug-24 Nifty closed at 24413 (2 weeks before 24716) and touched low & high of 23897-24560 in a span of 2 weeks. Shorting was suggested two weeks before when nifty was at 24714, market was down near to 800 points. After US market bounce back, Indian market too bounced back especially on last day and closed above crucial resistance of 24263 ( Fibonnaci resistance). US market Volatility to continue till fed rate reduction (expected in Sep 24), US Presidential election till Oct / Nov 24. RSI and stochastics levels was marginally up last week (54% ). MACD level yet to cross the signal to have clear breakout. Expecting market will be sideways with a rangebound resistance and support. Caution was emphasized on Nifty for the past 2 month as nifty PE is in record high level with high valuation and very less potential to grow further. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% ( i.e Nifty 22800 level) which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Market have high potential to touch psychological 25000 Mark/ 25200 ( Fib Resistance) Nifty 24413- Short term (Short term up) Nifty short term resistance 25075 ( New Peak) and 25224. Support around 23850 ( trend line support and recent low). Medium Term 25224( Fib Resistance) as mentioned above, if it crosses then next target is 25542 ( Fib Resistance) which is % of difference between Mar 23 low and Sep 23 high low from Sep23 high shown as vertical line Medium term Support - 2270 to 22800 Long Term (1-3 years) Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 21750 ( Trend line support)/ 20800 ( Fib & Trend Line Support) 20225 / 20000 ( Fib Resistance),19500 Nifty bank 52189 (2 weeks before 51350) - Index went upto 53400 ( Resistance) and came down as proposed from 47250 level nifty bank jumped more than 10%. Caution was emphasised as nifty bank reached critical resistance. Advised to consider to book partial profits in Nifty Bank on every rise. Nifty bounced back from trendline support 49640 and bounced back. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. As insisted for last 3 months Banks & Finanace Stocks are really good and will give good results, as expected Q4 results are good especially for ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Other stocks like Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Tanla & persistent Sys can add these stocks to portfolio. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Comments : Post Elections, if Market need to grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5% ( in span of 2-3 years ). US fed rate reduction also expected from Aug/ Sep 2024. US President Election scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Nifty IT 40878 ( 2 weeks before 39370), indices dipped 37848 and bounced back. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTY
by karthikss
NIFTY INTRADAY LEVELS FOR 19 AUG 2024BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24710,24780 SELL BELOW - 24530 SL - 24590 TARGETS - 24460,24380,24320 NO TRADE ZONE - 24530 to 24590 Previous Day High - 24590 Previous Day Low - 24200 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 19-Aug-2024On the previous trading day, Nifty 50 exhibited a significant upward movement, breaking through key resistance levels. The index found support near the **24,330.00** level and surged towards the **24,573.00** mark, closing slightly below this key resistance level. As we approach 19-Aug-2024, the focus will be on whether Nifty 50 can continue its upward trajectory or if it will face resistance and potential retracement, particularly as it nears the **24,720.00** and **24,824.00** zones. **Trading Plan for 19-Aug-2024** **Gap Up Opening (100+ Points)** If Nifty 50 opens with a gap up above **24,661.00**, it will enter the **Retracement / Profit Booking Zone**. In this scenario, observe if the index faces resistance near **24,720.00**. A failure to break and sustain above this level could lead to profit booking, bringing the index back towards **24,573.00**. If profit booking occurs near **24,720.00**, consider short positions targeting **24,573.00** and **24,478.75**. Use a stop loss just above **24,720.00** to manage risk. On the contrary, if Nifty 50 sustains above **24,720.00**, look for buying opportunities on pullbacks towards this level with a potential target of **24,824.00**. **Flat Opening** A flat opening around **24,539.20** is likely to lead to initial consolidation between **24,478.75** and **24,573.00**. The price action within this range will determine the next direction. If the index manages to break and sustain above **24,573.00**, it could move towards the **24,661.00** level. Consider long positions if the index shows strength above **24,573.00**. Conversely, if Nifty 50 breaks below **24,478.75**, it could test the **24,399.88** support level. A break below this level could lead to a move towards the **24,330.00** support zone, which may act as a potential buying opportunity. **Gap Down Opening (100+ Points)** A gap-down opening below **24,478.75** could create initial bearish sentiment, potentially driving the index towards the **24,399.88** level. This zone may provide temporary support, but if it fails, the next target could be the **24,330.00** level. If the gap-down leads to a bounce from the **24,399.88** level, look for long positions targeting **24,478.75** and **24,573.00**. A stop loss should be placed just below **24,399.88** to mitigate risk. However, if Nifty 50 fails to hold **24,330.00**, it could indicate further downside, potentially targeting lower levels. In this scenario, be cautious with long positions and consider shorting opportunities if market conditions support it. **Risk Management Tips for Options Trading** - **Position Sizing**: Always determine your position size based on your risk tolerance. Avoid over-leveraging, as options can be volatile, and even small moves in the underlying index can lead to significant gains or losses. - **Use Stop Losses**: Implement stop-loss orders to limit potential losses. In options trading, prices can move quickly, so a well-placed stop loss can protect your capital. - **Time Decay Awareness**: Be mindful of the time decay in options, especially if you're trading weekly contracts. Time decay accelerates as expiration approaches, so consider exiting positions if the expected move hasn't occurred as anticipated. - **Avoid Overtrading**: Stick to your trading plan and avoid the temptation to trade frequently. Overtrading can lead to higher transaction costs and increased risk exposure. - **Stay Informed**: Keep an eye on key economic events or news that could impact market sentiment. This will help you make informed decisions and adjust your trading plan as needed. **Summary and Conclusion** The Nifty 50 is approaching crucial resistance levels, with the potential for both upward continuation and a retracement on 19-Aug-2024. Whether the market opens with a gap up, flat, or gap down, traders should closely monitor key levels such as **24,573.00** and **24,720.00** for clues on the market's direction. Implementing sound risk management practices, particularly in options trading, will be essential to navigating the day's price action effectively. Disclaimer: I am not a SEBI-registered analyst. This trading plan is based on my personal analysis and is intended for educational purposes only. Always consult with a certified financial advisor before making any investment decisions.
NSE:NIFTYLong
by LiveTradingBox
#Nifty50 analysis for upcoming week 19-23rd Aug 2024#Nifty 50 index concluded the week on a positive note, climbing 174 points to settle at 24,541. The index danced within the anticipated 25,150-23,800 range, as predicted in the previous analysis. For the upcoming week, a similar trajectory is expected, confined between 25,200 and 23,900 . A breakout from either end could ignite significant volatility. The broader bullish trend persists on both weekly and monthly charts, offering a comforting backdrop. A decisive daily close above 24,700 would be a key indicator, potentially propelling the Nifty towards 24,860, 24,950, or even the all-time high of 25,078. However, breaching the 25,200 level appears challenging at this juncture. The S&P 500 also mirrored a positive week, gaining 210 points to close at 5,554. Intriguingly, this settlement is near the July 26th high, a level that previously triggered selling pressure. A sustained position above 5,570 could pave the way for a move towards 5,620 or 5,637. A consecutive close above the crucial Fibonacci level of 5,637 would open doors to 5,700, 5,806, and ultimately, 6,142, potentially boosting Indian equities. The bottom line remains unchanged: as long as the Nifty holds above the 24,000 mark, the bullish outlook prevails.
NSE:NIFTY
by ssudhirsharma11
NIFTY S/R for 19/8/24Support 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. 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
Rising wedge pattern at a (15 mins) lower time frameTechnical: 1) A rising wedge pattern was formed from 5th August until today. 2) At 3 pm today, a bullish candle crossed the upper trendline. 3) The following candle successfully sustained above the trendline. 4) Building on my previous Nifty idea on 06th Aug'24, the Nifty is still holding above the rising wedge trendline on a higher time frame Please consider these points for educational purposes and let me know if anything can be added or modified technically.
NSE:NIFTY
by Prasad_Chenchu
NIFTY INTRADAY LEVELS FOR 16/08/2024BUY 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 - 24200 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 👍
NSE:NIFTY
by Jagadheesh_JP
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.
NSE:NIFTYLong
by LiveTradingBox
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.
NSE:NIFTY
by zenthosh
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.
NSE:NIFTY
by nandupk