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NIFTY trade ideas

NIFTY | 29-AUG-2024NIFTY | 29-AUG-2024 | Weekly time frame NIFTY has been consistently riding along the upward white parallel channel 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 but could not sustain while closing NIFTY riding above 20-, 50- & 200-day moving averages RSI > 60, indicating bullish momentum MACD crossover extended & is above 0 line, indicating momentum Hourly time frame NIFTY continues to consolidate along the yellow resistance line NIFTY riding above 20-, 50- & 200-hour moving averages RSI > 60, bullish momentum still intact MACD above 0-line, momentum still intact Levels to watch out for 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 Hourly Timeframe: a) NIFTY is sideways between 24,700 – 25,100 b) NIFTY is bullish above 25,100 (Target could be 25,700) c) NIFTY is bearish below 24,700 (Target could be 24,300)
NSE:NIFTY
by shyamsrk2
2
NIFTY INTRADAY ANALYSIS FOR 29/08/2024BUY ABOVE - 25080 SL - 25030 TARGETS - 25130,25200,25260 SELL BELOW - 25030 SL - 25080 TARGETS - 24970,24900,24850 NO TRADE ZONE - 25030 to 25080 Previous Day High - 25130 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 29-Aug-2024On 28th August 2024, the Nifty index showed some range-bound movement, consolidating around the 25,044 level. Key levels such as 25,086 and 24,999 acted as significant support and resistance zones, and these levels will be crucial as we move into the trading day on 29th August 2024. **Trading Plan for 29-Aug-2024:** 1. Gap Up Opening (100+ Points Above 25,086) If Nifty opens with a gap up above 25,086, the first target will be the profit booking zone around 25,224-25,275. This area is likely to attract sellers. **Strategy:** Look for selling opportunities near the profit booking zone. If the index shows signs of weakness, initiate shorts with targets back towards 25,086. **Risk Management:** Use a stop loss just above 25,275 to protect against a breakout to the upside. 2. Flat Opening (Around 25,044-25,069) A flat opening near the current price level could see initial consolidation, with traders waiting for a clearer direction. **Strategy:** Monitor the 25,086 level for potential rejection. If this level holds as resistance, consider shorting with targets at 25,044 and further down to 24,999. **Risk Management:** Keep stop losses tight above 25,086 to minimize risk in case of an upward breakout. 3. Gap Down Opening (100+ Points Below 24,999) A gap down below 24,999 would suggest a bearish sentiment and could lead to a further decline, especially if the index tests and breaks the 24,944 support level. **Strategy:** Look for shorting opportunities on any pullback towards 24,999, with a stop loss just above it. Target the lower support zone around 24,920. **Risk Management:** If 24,944 support holds strong, consider a quick scalp to the upside but remain cautious of a possible retest and break of 24,920. Tips for Options Trading & Risk Management: - **Avoid over-leveraging** when trading options in volatile markets as price movements can be unpredictable. - **Use hedging strategies** such as Iron Condor or Straddle to benefit from high volatility while limiting risk. - **Monitor implied volatility (IV)** and avoid buying options when IV is excessively high, as premiums might not justify the risk. **Summary & Conclusion:** For 29th August 2024, the Nifty index's key levels at 25,086 and 24,999 will play a crucial role in determining the market's direction. Traders should adjust their strategies based on the opening scenario to either capitalize on breakouts or protect against potential reversals. Proper risk management, particularly in options trading, is essential to navigate the day's potential volatility. Disclaimer: I am not a SEBI registered analyst. This analysis is for educational purposes only and should not be considered as financial advice. Traders are advised to conduct their analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYShort
by LiveTradingBox
#NIFTY Intraday Support and Resistance Levels - 28/08/2024🔔 Nifty Update for Today: 📊 Expected Opening: Opening Outlook: Flat 📈 Consolidation Zone: Range: 25000 - 25050 Nifty is expected to open flat today, trading within a consolidation zone between 25000 and 25050. 📈 Potential Upside Movement: Upside Target: 25250+ Condition: If Nifty starts trading and sustains above 25050 If Nifty breaks above 25050 and sustains that level, an upside rally could push the index towards 25250+ in today’s session. 📉 Downside Risk: Condition: If Nifty starts trading below 25000 Any significant downside is likely only if Nifty starts trading below 25000.
NSE:NIFTY
by TradZoo
NIFTY | 28-AUG-2024NIFTY | 28-AUG-2024 Weekly time frame NIFTY has been consistently riding along the upward white parallel channel 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 almost touched the previous all-time high NIFTY riding above 20-, 50- & 200-day moving averages RSI > 60, indicating bullish momentum MACD crossover extended & is above 0 line, indicating momentum Hourly time frame NIFTY consolidating along the yellow resistance line NIFTY riding above 20-, 50- & 200-hour moving averages RSI = 70, bullish momentum still intact MACD above 0-line, momentum still intact Levels to watch out for 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 Hourly Timeframe: a) NIFTY is sideways between 24,700 – 25,100 b) NIFTY is bullish above 25,100 (Target could be 25,700) c) NIFTY is bearish below 24,700 (Target could be 24,300)
NSE:NIFTY
by shyamsrk2
NIFTY INTRADAY LEVELS FOR 28/08/2024BUY ABOVE - 25030 SL - 24970 TARGETS - 25080,25160,25240 SELL BELOW - 24970 SL - 25030 TARGETS - 24900,24850,24780 NO TRADE ZONE - 24970 to 25030 Previous Day High - 25080 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 28-Aug-204On 27-Aug-2024, Nifty opened with a mild gap up and showed an initial upward movement but faced resistance around the 25,096 zone. This led to a retracement, and the index settled near 24,997. The chart indicates strong support around the 24,961-24,947 zone, while resistance remains strong near 25,054-25,096. Based on the current price action and the chart pattern, here is the detailed trading plan for 28-Aug-2024. --- Trading Plan for 28-Aug-2024: 1. Gap Up Opening (100+ points): If Nifty opens above 25,097, expect initial resistance around 25,226. The price might test the Profit Booking Zone at 25,226. Wait for a pullback towards the 25,096-25,054 zone for better entry opportunities. Initiate a long position if Nifty sustains above 25,096 after a pullback with a target of 25,226 and a stop loss (SL) around 25,031. 2. Flat Opening: If Nifty opens flat around 24,997, look for an immediate reaction at the Opening Resistance Zone (25,054-25,096). A rejection from this zone may lead to a decline towards the Opening Support Zone (24,961-24,947). Consider shorting below 24,947 with a target of 24,921 and an SL at 25,031. 3. Gap Down Opening (100+ points): If Nifty opens below 24,921, it may find support around 24,835 (Last Support). A bounce from this support can be used to enter long positions with a target back to 24,947 and an SL near 24,835. However, a failure to hold 24,835 may lead to further downside, and shorting below this level can be considered with a target of 24,750. --- **Risk Management Tips for Options Trading:** Use strict stop losses to manage risk, especially when trading near support and resistance zones. Avoid holding options positions overnight, particularly in a volatile market. Consider hedging positions using spreads to limit potential losses. Monitor implied volatility and avoid buying options when volatility is extremely high. --- **Summary and Conclusion:** The market is likely to remain volatile with strong support and resistance zones in place. A gap up may offer a good long opportunity, while a flat or gap down opening could present shorting chances. Be prepared for both scenarios and manage your risk effectively. Always trade with a plan and stick to your stop losses. **Disclaimer:** I am not a SEBI registered analyst. The above analysis is for educational purposes only. Please do your own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty anlaysis for tomorrow 28 july 2024 (Nifty Intraday Setup)Today After breaking previous day high nifty consolidated from 12 pm to 2 pm and failed to sustain at higher level. And Nifty closed with a selling swing today. So for tomorrow if with opening market created a selling swing then a bounce will be expected and day high break or price near high will be expected. Look for W pattern on 5 min. (SELLING SHOULD NOT BE VERY SHARP AND BIG). And If Price move upside and take rejection below todays high & created a lower High (M Pattern on 5 mins.) then intraday low break will be expected.
NSE:NIFTYShort
by jain_abhishek
Nifty Poised for Aggressive UP move | "Trend Compass" BullishThe investment world is constantly evolving, and staying ahead of market trends is crucial for investors seeking to maximize their returns. One tool that can be particularly helpful in navigating the complexities of the stock market is the Trend Compass indicator. Understanding the Trend Compass Indicator The Trend Compass indicator is a technical analysis tool designed to identify potential market trends and reversals. It combines various technical indicators and statistical models to generate signals that can help investors make informed decisions. Trend Compass Bullish Signal for Nifty According to the latest readings from the Trend Compass indicator, there is a strong bullish signal for the Nifty index. This suggests that the index is poised for an aggressive upmove in the coming days. If this prediction holds true, it could lead to a significant increase in the value of investors' portfolios. Potential Implications for Investors A bullish signal from the Trend Compass indicator can be an exciting development for investors. It suggests that the overall market sentiment is positive, and there is potential for substantial gains. However, it's important to remember that past performance is not indicative of future results. Investors should carefully consider their risk tolerance and investment goals before making any investment decisions. Diversification is also crucial to mitigate risks. Conclusion The Trend Compass indicator's bullish signal for the Nifty index is certainly a positive development. However, it's essential to approach this information with caution and conduct thorough research before making any investment decisions. Stay informed about market trends and consult with a financial advisor if needed. Disclaimer: This is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risks, and it's essential to conduct thorough research or consult with a financial advisor before making any investment decisions.
NSE:NIFTYLong
by Kaviarasu_Chandrasekar
#NIFTY Intraday Support and Resistance Levels - 27/08/2024🔔 Nifty Update for Today: 📊 Expected Flat Opening: Opening Range: Between 25000 and 25050 📈 Potential Upside Movement: Upside Target: 200+ points from 25050 Nifty is expected to open flat within the 25000 to 25050 range. If the index starts trading above 25050 after the opening, a strong upside rally of 200+ points could be possible in today’s session. 📉 Downside Risk: Major Downside: Only expected if the index falls below 25000
NSE:NIFTY
by TradZoo
NIFTY | 27-AUG-2024NIFTY | 27-AUG-2024 Weekly time frame NIFTY has been consistently riding along the upward white parallel channel NIFTY riding above 20-, 50- & 200-week moving averages RSI > 70, indicating strong bullish momentum MACD above the 0 line & in green zone, indicating bullish momentum Daily time frame NIFTY on the up move after a recent “higher low” formation NIFTY riding above 20-, 50- & 200-day moving averages RSI > 60, indicating bullish momentum MACD crossover completed & is above 0 line, indicating momentum Hourly time frame NIFTY on the up move after a recent consolidation near 24,850 ( previous resistance) NIFTY riding above 20-, 50- & 200-hour moving averages RSI > 80, indicating solid bullish momentum MACD crossover completed & is above 0 line, indicating momentum Levels to watch out for 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 Hourly Timeframe: a) NIFTY is sideways between 24,700 – 25,100 b) NIFTY is bullish above 25,100 (Target could be 25,700) c) NIFTY is bearish below 24,700 (Target could be 24,300)
NSE:NIFTY
by shyamsrk2
NIFTY : Levels and Plan for 27-Aug-2024On 26-Aug-2024, Nifty 50 displayed a strong upward momentum, breaking above key levels and closing near 25,011.45. The index respected the "Opening Resistance / Support" zone near 25,057 and saw some profit booking towards the end of the session. The chart also indicated the possibility of continuation if key levels are breached on the higher side. --- **Trading Plan for Different Opening Scenarios on 27-Aug-2024:** **1. Gap Up Opening (100+ points):** Levels to Watch: 25,226 - 25,300 (Profit Booking Zone) 25,119 - 25,057 (Opening Resistance / Support) If Nifty 50 opens with a gap up above 25,119, it’s crucial to observe the price action at the 25,226 - 25,300 zone. This is a Profit Booking Zone and could witness selling pressure. If the price consolidates below 25,226 and fails to break 25,300 decisively, consider taking a short position with a stop loss above 25,366 for a target of 25,119 and 25,057. On the contrary, if it sustains above 25,300 with strong momentum, look for buying opportunities on retracement towards 25,226, with a target of 25,366+. **2. Flat Opening:** Levels to Watch: 25,011 - 25,057 (Immediate Support) 25,119 - 25,226 (Immediate Resistance) In case of a flat opening near 25,011.45, the market may continue to remain within the immediate support and resistance levels (25,011 to 25,226). If the price sustains above 25,011, consider a long position with a target of 25,119 - 25,226. A breakout above 25,226 may lead to an upward move toward 25,300. If the price breaks below 25,011 and sustains, look for shorting opportunities with a target of 24,981 and further towards 24,954. **3. Gap Down Opening (100+ points):** Levels to Watch: 25,011 - 24,981 (Key Support Zone) 24,954 - 24,889 (Buying Support at retracement) A gap down below 25,011 could lead to increased volatility. The first support zone to watch will be between 25,011 and 24,981. If the market stabilizes and holds above 24,981, consider going long for a quick bounce back to 25,057 and possibly to 25,119. If it breaches 24,981, anticipate further downside towards 24,954 - 24,889, where buyers might step in. A short position below 24,981 with targets in this range could be rewarding. --- **Risk Management Tips for Options Trading:** Define your risk before entering a trade; never risk more than 1-2% of your trading capital on a single trade. Utilize stop-loss orders to limit potential losses and protect your capital. Consider using options strategies like Iron Condor or Butterflies in a volatile market to limit risk. Focus on liquidity when trading options; trade in contracts with high open interest and volume to ensure better fills and narrower spreads. --- **Summary & Conclusion:** The market presents several opportunities depending on how Nifty 50 opens on 27-Aug-2024. The key levels outlined will play a significant role in determining the direction of the market. Whether it’s a gap up, flat, or gap down opening, traders should be prepared with a well-defined plan and strong risk management principles to navigate the day’s trading session effectively. Disclaimer: I am not a SEBI registered analyst. The above analysis and trading plan are for educational purposes only. Please consult with your financial advisor before making any trading decisions. --- This trading plan provides a comprehensive guide for traders to approach the 27-Aug-2024 session with a clear strategy, ensuring preparedness for any market scenario.
NSE:NIFTYLong
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 27/08/2024BUY ABOVE - 25030 SL - 24970 TARGETS - 25080,25160,25240 SELL BELOW - 24970 SL - 25030 TARGETS - 24900,24850,24780 NO TRADE ZONE - 24970 to 25030 Previous Day High - 25030 Previous Day Low - 24850 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 Podcast 26 Aug 2024Again on NIFTY, took only 1 trade with Gap up/down strategy. 1:1 target achieved right away in the second candle itself. Notes: - Closed early due to peer pressure of reaching or closing the targets. Next time, will mute all groups or channels to focus on the trade itself. - There was another entry based on podcast strategy, but neither it hit the target nor it hit the stoploss. Second trade can always be debit spread or credit spread to avoid loss in the decay in the premiums of naked buying options.
NSE:NIFTYLong
by gupshupblog
#NIFTY Intraday Support and Resistance Levels - 26/08/2024🔔 Nifty Update for Today: 📈 Expected Gap Up Opening: Opening Level: Near 24900 Primary Upside Target: 25050 In today’s session, Nifty is expected to open near the 24900 level. If the index sustains above this level after the opening, we could see a strong upside rally, potentially reaching up to 25050. 📉 Watch for Downside Risks: Critical Support Level: 24850 Major Downside: Only expected if the index falls below 24850 during today’s session.
NSE:NIFTY
by TradZoo
NIFTY : Levels and Plan for 26-Aug-2024On the previous trading day, Nifty exhibited a consolidative pattern with a slight upward bias. The price action was contained within a well-defined range, highlighting significant zones for potential trading opportunities. The chart shows a "No Trade Zone" between key support and resistance levels, indicating caution in these areas. Trading Plan: Gap Up Opening (100+ points): If Nifty opens above the "Last Resistance for Intraday" level at 25,052, look for a quick pullback to this level to test its strength. Upon confirmation, initiate long positions with a target towards 25,120 and beyond, setting a stop loss below 24,960. Avoid entering trades if Nifty quickly reverses after the initial pullback. Wait for the price to stabilize around 25,052 before taking any action. Flat Opening: If Nifty opens flat around the current level (24,831), wait for the price to approach the "No Trade Zone" between 24,844 and 24,827. Avoid trading within this zone. Only consider positions if the price decisively breaks above 24,877 (for long positions) or below 24,818 (for short positions). If Nifty breaks above 24,877, target 24,920-24,960 with a stop loss just below 24,844. Conversely, if it breaks below 24,818, target the "Opening Support" zone at 24,750 with a stop loss above 24,827. Gap Down Opening (100+ points): If Nifty opens significantly lower, around the "Opening Support" at 24,750, monitor the price action carefully. If support holds, consider a long position with a target back towards the "No Trade Zone" at 24,844-24,877, placing a stop loss below 24,573. If Nifty breaks below 24,573, further downside can be expected towards the "Support at retracement" level at 24,544. Enter short positions with a target at 24,480, keeping a stop loss above 24,600. Risk Management Tips for Options Trading: Position sizing is crucial: Never risk more than 2% of your total capital on a single trade. Use stop losses effectively: For options trades, consider setting a stop loss of 20-30% of the premium. Avoid holding options overnight if the market is uncertain or highly volatile unless you have a strong directional bias. Monitor your trades closely, especially in volatile markets. Consider booking partial profits if the trade moves in your favor. Summary and Conclusion: The trading plan for 26-Aug-2024 hinges on the opening scenario. A gap-up opening above 25,052 offers a bullish opportunity, while a flat opening requires patience and strategic entry. A gap-down opening near 24,750 could present both buying and selling opportunities depending on the price action at key support levels. Proper risk management and disciplined execution are essential for capitalizing on these opportunities in the market. **Disclaimer:** I am not a SEBI registered analyst. All the information provided is for educational purposes only. Traders should conduct their analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox