#NIFTY Intraday Support and Resistance Levels - 10/09/2024Slightly gap up opening expected in nifty above 24950 level. If nifty sustain above this level then possible upside rally upto 25150+ level. 24950-24800 will remain consolidation zone for nifty. Strong downside only expected below 24800 level.by TradZoo2
Market Outlook: A Potential Bullish Reversal in Play ?The chart indicates a potential bullish reversal after a pullback, with key support levels around 24,450 and 24,088. If the price holds, a rally toward 25,596 and possibly 26,228 could unfold. Watch for increased buying volume and momentum signals to confirm the uptrend. Keep an eye on economic factors that might influence the index’s movement.by deepanshusuman3
Technical Analysis & Tradingplan NIFTY50 for next day..📉Technical Analysis:📉 Falling Wedge Pattern:The chart is showing a falling wedge pattern, which is a bullish reversal pattern.The breakout has occurred, confirming a potential upward move.Volume Spike:After the breakout, we see a significant increase in volume, indicating strong buying pressure. Immediate Support and Resistance:The immediate resistance is at 24,900.The nearest support is at 24,600. Trading Plan: Entry: Enter on a pullback to 24,800 after the breakout. Target: First target at 24,900, and the next target can be set at 25,097.Stop Loss: Keep a stop loss just below 24,700 to minimize risk. Risk Management: Ensure at least a 1:2 risk-reward ratio by adjusting the target and stop loss accordingly.by TradeAXN3
NIFTY : TRADING LEVES FOR 11-SEP-2024 Trading Plan for 11-Sep-2024: Gap-Up Opening (100+ points above previous close) If Nifty opens above 25,201 with a 100+ points gap: - The price may challenge the 25,321 resistance level, which is an important zone for a new high. - Watch for a possible profit-booking or reversal around 25,321. - If Nifty fails to hold above 25,201, it could retrace towards the 25,052 support. - Ideal trade: Wait for an hourly candle close above 25,201 for long positions, targeting 25,321. - Stop loss: Below 25,201 on a closing basis. - Target: 25,321 for upside; if reversed, look for support at 25,052. Flat Opening (near previous close) If Nifty opens around 25,052 to 25,038: - The immediate resistance level to watch will be 25,201, which is crucial for trend reversal. - A break above 25,201 could drive Nifty towards 25,321, opening up room for further upside. - However, if Nifty fails to breach 25,201, it may see some consolidation or retracement towards 25,038 and lower to 24,942. - Ideal trade: Initiate long positions above 25,201, or short positions if the price faces rejection at this level. - Stop loss: Below 25,038 for long trades; above 25,201 for shorts. - Target: 25,321 for longs; downside targets are 24,942. Gap-Down Opening (100+ points below previous close) If Nifty opens below 24,942 with a gap of 100+ points: - The immediate support level to watch will be 24,833. - If 24,833 breaks, expect further selling pressure, with 24,710 acting as the next important support. - A strong bounce from 24,833 could provide buying opportunities, but a breakdown could lead to an extended sell-off. - Ideal trade: Go long near 24,833 with a strict stop loss, or short if it breaks decisively. - Stop loss: Below 24,833 for longs. - Target: Upside recovery towards 25,029; downside target is 24,710. Risk Management Tips for Options Traders: - For gap openings, use caution while selling options, as volatility can be high. - Consider buying options around key support and resistance levels to limit risk. - Use spread strategies to manage risk, especially in uncertain market conditions. - Avoid over-leveraging; maintain a proper risk-to-reward ratio when entering trades. Summary and Conclusion: Nifty has key resistance levels at 25,201 and 25,321, where a breakout could lead to a new uptrend. On the downside, supports around 24,942 and 24,833 are crucial for maintaining the bullish structure. Both gap-up and gap-down openings provide significant trading opportunities, but confirmation through price action is essential. Options traders should focus on hedging strategies and maintain a disciplined approach to avoid being caught in rapid market swings. Disclaimer: I am not a SEBI registered analyst. The above analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.Shortby LiveTradingBox1
NIFTY 50 KEY LEVEL 11/09/2024**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 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.by nandupk1
NIFTY S/R for 10/9/24Support 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: 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. by zenthosh1
NIFTY50: Comparative study of all major Indices.f we consider 27th Oct 2023 as BASE LINE (i.e from where the Current Rally Starts) Here are the comparison of major indices as now (Base line treat as 0%) CAC (French Index): +35.07% NASDAQ (US Tech Index): +32.02% NIFTY50 (NSE India INDEX): +31.29% SP500 (US large 500 Company index LIKE in NSE NIFTY500): +31.03% DAX (GERMANY Index) : +24.61% DJI (Dow Jones Industrial Avg USA Index) +24.46% NIKKEI (Index of JAPAN): +15.19% UK100 (Index from United Kingdom Previously Known as FTSE): +12.27% HANSSENG (Index of HONGKONG): +0.26% SSE (Shanghi Composite China): -8.35% INDIAAN RUPEE Vs US Doller: +0.87% INDIAAN RUPEE Vs EURO: +6.09% (Good for TCS Like Stocks) US Doller Vs EURO (Currency of EUROPIAN Uniom): +4.69% Conclution: 1. Indian Indices is farely valued compare to NASDAQ & S&P500 2. Moderate OVERSTRETCHED CCompare to DAX & DOW Jones.Educationby DSKF162
Strong comeback by Nifty indicating temporary bottom formation.Nifty today came back strongly after taking support from Father line of 200 EMA and trendline. The support of Father line will be confirmed if we get a positive and strong closing tomorrow. The supports as of now for Nifty remain at 24790 and 24753 (Today's low and trend line support). If by chance FED will not announce a big rate cut, Nifty may again go support searching. If 24753 is broken the next support will be only at channel bottom near 24527. Shadow of the candles as of now remains positive and resistances for the Nifty is in the zone between 25005 and 25033 (Mother line 50 Hour's EMA). If we get a closing above 25033 the next resistances for Nifty will be at 25192, 25273 and 25333. See how Father line support saved Nifty today. To know about Father, Mother and the small child theory you can read my book The Happy Candles Way to wealth creation. The book is available on Amazon in paperback and Kindle version. Longby Happy_Candles_Investment1
Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24Nifty Short, Medium & Long Term : 09-Sep-24 to 13-Sep-24 Nifty closed at 24855 ( Last week 25235 ) and touched low & high of 24807-25335 ( all time high) Market touched new high last week and went down on last fri, Market broke the Ist Support at 25000 and went down last week and currently it is in rangebound. RSI and stochastics levels moved up last week (52% and 33% respectively). MACD level crossed and went down below signal. Nifty 24855 Short term (Short term neutral, need to cross key resistance 25545) Nifty short term resistance 25545 as shown in chart. Support at 24480 (Fib Support) & 24650 (Trend line support and recent low). Medium Term 25235, next target is 25800 ( Fib Resistance). if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in 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. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. 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. This is the best period to start SIP MF when the valuation is high. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Nifty bank 50582 (Last week 51117) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Newly added stocks to buy are CAMS, UTI AMC & HDFC AMC and removed tanla platform from the list as the profit is stagnated, to await till next quarter ( Q2) Results. Based on the Q1 results, following stocks can be added to portfolio: 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, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. 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. Nifty IT 42234 (Last week 42760) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.by karthikss1
NIFTY has a BEARISH Outlook for next week!As the Fed gears up for a rate cut, concerns about slowing global growth and economic uncertainty are weighing on investor sentiment. NIFTY may face increasing pressure, with potential for heightened volatility and downside risks. Traders should brace for turbulence, as this shift in monetary policy could trigger cautious market reactions and profit-taking. Stay vigilant in the face of uncertainty. Two case scenarios are discussed in the chart. Shortby TheSnop11
NIFTY 50NIFTY 50 is currently finding support at the 24850 level. We can now consider entering a long position with a stop loss of 0.50% and a 1.00% profit target.Longby Kartik_Elkunchwar2
#NIFTY Intraday Support and Resistance Levels - 09/09/2024Flat opening expected in nifty near 24850 level. 24800-24950 levels will act as a consolidated zone for nifty. Any strong rally only expected after breakout this zone. Downside below 24800 possible fall upto 24600 level.by TradZoo10
NIFTY TRADING LEVELS FOR 09/09/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: 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 BLUE) - In this the blue 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 blue 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: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm5
NIFTY - 09-SEP-2024In the last session, Nifty showed a significant drop, completing a sharp correction from the highs. The price action suggests that Nifty is approaching the lower band of wave 4 correction, with support levels holding firm. There was a visible bounce off from the completion zone of wave 4, indicating the possibility of a consolidation or reversal in today’s session. Let’s now discuss the opening scenarios for today, 09-Sep-2024. Trading Plan for 09-Sep-2024 Gap-Up Opening (+100 Points or more) If Nifty opens with a gap up, near the 24,928-24,974 zone: - This zone acts as a resistance level due to the lower band of wave 4 in the 15-minute chart. - Look for a rejection around this area before considering short positions. - If Nifty sustains above 24,974, it could test the higher resistance at 25,086 (the upper band of wave 4). - In case of a breakout above 25,086, a long position can be considered with a tight stop loss. Key Levels: - Resistance: 24,974, 25,086 - Support: 24,855 Strategy: Initiate shorts if a rejection is confirmed at 24,974, targeting 24,855 and 24,767. If the breakout above 25,086 is sustained, switch to long positions with a target of 25,120. Flat Opening If Nifty opens flat around 24,868-24,855: - Watch for price action at the resistance of 24,868 and 24,974, which aligns with wave 4 resistance on the 15-minute chart. - A failure to break above these levels would present shorting opportunities. - In case of consolidation, a breakdown below 24,767 can lead to further downside, testing the completion zone of wave 4 at 24,564. Key Levels: - Resistance: 24,868, 24,974 - Support: 24,767, 24,564 Strategy: Wait for price rejection at resistance zones or a breakdown below 24,767 to initiate short trades. If support holds, look for long trades but with cautious targets up to 24,928. Gap-Down Opening (-100 Points or more) If Nifty opens with a gap down near 24,767 or lower: - The opening support at 24,767 becomes crucial. If this level breaks, expect the price to move towards 24,564, which is a strong support at the completion zone of wave 4 (on the 60-minute chart). - Any recovery from 24,767 or 24,564 should be carefully monitored for consolidation or bounce. - However, sustained trading below 24,564 could lead to further downside, targeting lower levels. Key Levels: - Resistance: 24,767, 24,855 - Support: 24,564 Strategy: In case of a gap-down, shorts should be considered if 24,767 breaks. Alternatively, long trades can be initiated on a bounce near 24,564, targeting 24,767 for a quick reversal. Risk Management Tips for Options Trading - Position Sizing: Ensure you are not over-leveraging. Keep your position size limited to 1-2% of your trading capital per trade. - Stop Loss Discipline: Use the previous hourly candle close as a reference for placing stop losses to avoid whipsaws. - Premium Decay Management: If you're holding options, be cautious of time decay, especially with high theta near expiry. Consider booking profits early. - Volatility Consideration: Avoid entering options trades when implied volatility is too high unless you are experienced with volatility strategies like straddles or strangles. Summary and Conclusion Today's session in Nifty holds potential for both long and short trades depending on the price action. The key levels to watch are the resistance zones near 24,928-24,974 and support levels at 24,767 and 24,564. Gap scenarios need to be handled with caution, especially in options trading, to avoid large losses from sudden price movements. Always prioritize risk management over profits. Disclaimer: I am not a SEBI-registered analyst. All views shared are based on my analysis, and traders should do their research or consult with a financial advisor before making any trading decisions.Shortby LiveTradingBox2
#nifty50 analysis for next week 9th Sept-13th septThe Indian stock market experienced a significant downturn last week, with the Nifty 50 closing at 24,852, a substantial 400 points below the previous week's close. Despite reaching a weekly high of 25,333, the index ultimately settled within its expected range of 25,850 to 24,600. Looking ahead, a bearish outlook prevails for the coming week. The Nifty is anticipated to trade within a range of 25,500 to 24,150. A bearish engulfing candle formation suggests continued selling pressure on Monday and Tuesday. However, a potential bounce to 25,000 on Wednesday or Thursday could offer bears an opportunity to initiate fresh short positions. A daily close above 25,080 would be a positive sign for bulls, while a close below 24,486 (DEMA50) could lead to further declines, potentially opening the gates to 24,150, 24,000, or 23,840 (DEMA100). Globally, the S&P 500's decline of 240 points from the previous week's close triggered selling across various markets, including India. The 5,380 support level (DEMA50) is crucial for the S&P 500. A break below this level could result in a 3.5-4% correction, potentially testing the 5,200-5,170 support zone, which would likely exert further pressure on global markets.by ssudhirsharma112
NIFTY 50 KEY LEVEL FOR 09/09/2024**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.by nandupk3
Understanding Order Block Trading StrategyOrder block trading is a technical analysis strategy that identifies potential support or resistance levels based on the accumulation or distribution of orders within a specific price range. These areas are often referred to as "order blocks." Key Concepts: Order Block: A price range where a significant number of buy or sell orders have been placed. Support: A price level where demand is strong enough to prevent the price from falling further. Resistance: A price level where supply is strong enough to prevent the price from rising further. Identifying Order Blocks: Price Action: Look for areas where the price has consolidated or paused for a significant period, indicating a potential accumulation or distribution of orders. Volume: Analyze the volume profile to confirm the presence of an order block. High volume during consolidation can indicate a larger accumulation or distribution. Structure: Consider the overall market structure and trend direction. Order blocks are more likely to be effective in a trending market. Trading Strategies: Buying at Support: If the price approaches a confirmed support level (an order block where accumulation has occurred), consider buying with the expectation that the price will bounce off the support. Selling at Resistance: If the price approaches a confirmed resistance level (an order block where distribution has occurred), consider selling with the expectation that the price will reverse downward. Using Order Blocks as Targets: Once a trade is initiated, use the order block as a potential profit target. If the price reaches the order block level, consider taking profits. Stop-Loss Placement: Place a stop-loss below the support level for long positions and above the resistance level for short positions to manage risk. Example: In this example, the shaded area represents an order block where a significant number of buy orders were likely placed. If the price approaches this level from below, traders might consider buying with the expectation that the price will bounce off the support. Note: Order block trading is not a foolproof strategy and requires practice and experience to master. It's essential to combine this technique with other forms of technical analysis and risk management strategies.Educationby Trade_With_Prakash1
NIFTY INTRADAY LEVELS FOR 06 SEP 2024BUY ABOVE - 25190 SL - 25130 TARGETS - 25240,25320,25400 SELL BELOW - 25130 SL - 25190 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25190 Previous Day High - 25240 Previous Day Low - 25130 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 👍by Jagadheesh_JPUpdated 13
Major weakness in Nifty with across the board selling.Nifty today looked very weak as it was not able to sustain many important support levels. Relative strength index of Nifty is also looking that it might fall further. The candle looks like an Olympic diver which has jumped from the podium. You can never say never but shadow of the candle as of now looks very negative and dark red in colour. Resistance for Nifty will be at 24914, 25076 and 25333. Support for Nifty seem to be at 24702, 24483 (Major Mother Line 50 days EMA support). If this support is broken Bears can have a field day or a field week with no stopping. In such a scenario they can drag Nifty further down to 24242, 24016 or even 23673. The worst case scenario as of now looks like 23174 and 22759. 22759 will be Father line support. Nifty last took father line support only on 4th june 2024 when it looked as if NDA will not be able to form a Government and there were deep cuts. So it looks improbable that Nifty will fall till father line but you never say never as US and other global markets are in panic mode. Long term investors can be / should be ready with some liquidity as they might get a good chance for bottom fishing. Long term and ultra long term outlook for Indian markets still looks very positive. by Happy_Candles_Investment3
Nifty and BankNifty UpdateHey Traders, Checkout the latest update on Nifty and BankNifty. After long time we are posting updtate to must check06:53by cryptoblast86-11
NIFTY 50 Key levels for 20/09/2024**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 BLUE 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 BLUE line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLUE 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.by nandupk0
Nifty Intraday Levels: 20-Sep-24Index made high 25600 & rejected from that level & fill the Gap and again rise. Wait for breakout above 25475( upside) or below 25400(Downside) for Entry Bullish >25475 Bearish > 25400 Use SL trailing method for Secure Profits. by ChandraBose20021