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NIFTY trade ideas

NIFTY VIEW FOR 06-08-2024If Markets are being influenced by News, analysing market's next move becomes tough. only relief we will have are, our Support/Resistance Levels. if we Follow proper Risk to reward and Stoploss, we can make money in any situation. Following 1:2 strictly can only save us from surprise moves. Nobody would have expected this much gapdown and that huge sell off. Nifty is very weak right now. i am expecting Rangeboud for tomorrow's session if it opened flat or in the range of 23900-24200 if market breaks eitherside, we may see momentum in upcoming 1 - 2 trading sessions. Support zones at at : 23638-23662 , 23414-23429 Resistance zones at : 24410-24425, 24505-24522 Rangebound Zone is at : 23900-24200 All the views i am sharing here are for Educational purpose only. Not a trade recommendation. "ACCEPTING STOPLOSS IS THE SMARTNESS" Happy Trading, Thank you.
NSE:NIFTY
by chaitu50c
[Positional] NIFTY Buy IdeaBuy NIFTY immediately with a stop loss at the B point. Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
NSE:NIFTYLong
by Amit_Ghosh
NIFTY : Trading Levels and Plan for 05-Aug-2024**Previous Day's Chart Pattern Analysis:** On the previous day, Nifty 50 demonstrated a significant decline, testing key support levels. The index showed resistance around the 24,800 mark and found some support at 24,577. This pattern suggests a cautious approach for trading on 05-Aug-2024, On viewing geo global tension and sentiments, with close attention to these key levels for potential reversals or continuations. **Trading Plan for Different Opening Scenarios:** 1. Gap Up Opening (200+ points above 24,699.45): If Nifty 50 opens significantly higher, above 24,899: - Wait for the price to test the immediate resistance at 24,881. - If it sustains above 24,881, initiate a long position with a target of 25,067. - Place a stop loss at 24,800 to manage risk. If it shows signs of reversal at 24,881: - Consider shorting with a target of the opening support area around 24,577. - Place a stop loss above 24,900 to limit losses. 2. Flat Opening (around 24,699.45): If Nifty 50 opens flat: - Look for buying opportunities if it sustains above 24,699.45. - Target the immediate resistance at 24,881, with a stop loss at 24,577. If it breaks below 24,699.45: - Initiate a short position targeting the opening support area at 24,577. - Use 24,800 as a stop loss to manage the downside risk. 3. Gap Down Opening (200+ points below 24,699.45): If Nifty 50 opens significantly lower, below 24,499: - Look for support at 24,291 and consider buying if it shows a reversal signal. - Target the opening resistance zone around 24,577 with a stop loss at 24,458. If it fails to hold 24,291: - Short positions can be considered with a target of the important support zone for swing reversal at 24,000. - Place a stop loss above 24,500 to protect from sudden reversals. **Risk Management Tips for Options Trading:** Always use stop-loss orders to manage potential losses. Avoid holding positions overnight to reduce exposure to market gaps. Diversify your trades to spread risk across different instruments. Allocate only a small portion of your capital to each trade to prevent significant losses. Monitor the market closely and adjust your positions based on real-time data. **Summary and Conclusion:** The trading plan for 05-Aug-2024 is based on potential market opening scenarios. It's crucial to observe the price action around key levels and make informed decisions. Remember to manage your risk effectively, especially when trading options. Always have a well-defined stop loss and target in place. **Disclaimer:** I am not a SEBI registered analyst. The views expressed here are for educational purposes only and should not be considered as financial advice. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTYShort
by LiveTradingBox
Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24Nifty Short, Medium & Long Term view 05-Aug-24 to 9-Aug-24 Nifty closed at 24717 ( 2 weeks before 24509) and touched low & high of 24094-25082 ( all time High) in a span of 2 weeks. World Market Outlook, sudden drop in US market especially in Tech Stocks, Europe and Asian market lead to impact Nifty. Volatility to continue till fed rate reduction (expected in Sep 24), US Presidential election till Oct end/ Nov 24. RSI and stochastics levels was marginally down last week (61 % & 66% Respectively). Stochastic dropped to 66% from 90%. Caution was emphasized on Nifty for the past 1-1.5 month as nifty PE is in record high level with high valuation and very less potential to grow further. Strong tax imposition on speculative STCG, increase in tax for LTCG and removal of Indexation benefits for Properties and Gold will have impact on such investments, Loans and the demand. Which may affect the Bank Loans. Also With scrap in Indexation benefit illegal cash handling will raise. 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)/ 25500 ( Fib Resistance). Nifty 24717- Short term (Neutral to Down) Nifty short term resistance 25075 ( New Peak) and 25224. Support around 23740. Medium Term 25224( Fib Resistance), 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 - 22800 /22300 Long Term (1-3 years) Nifty have strong resistance at 27000 ( Fibonacci Resistance). If market close above 25580 decisively. Support at 20800 ( Fib Support) 20225 / 20000 ( Fib Resistance),19500 expected in 2024. Nifty bank 51350 (2 weeks before 52296 )- 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. It need to cross and move up decisively this current zone. Advised to consider to book partial profits in Nifty Bank on every rise. Investment decision in Nifty bank, bank stocks helped in portfolio. Stock Picking is needed at this crucial nifty, Nifty Bank, Nifty auto, Nifty 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 39730 ( 2 weeks before 39251), indices broke the Major support at 33350 and went down upto 32420. Currently Nifty up and crossed resistance 41300. Muted results with meeting the market expectaion driven the index to bounce back. However Caution to be empahsised as US Economy still in bad condition and awaiting for rate cut.
NSE:NIFTYShort
by karthikss
NIFTY INTRADAY LEVE;S FOR 05 AUG 2024BUY - 24780 SL - 24710 TARGETS - 24850,24900,24960 SELL - 24710 SL - 24780 TARGETS - 24660,24590,24530 NO TRADE ZONE - 24710 to 24780 Previous Day High - 24850 Previous Day Low - 24710 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY50.....Trouble ahead?Hello Traders, let's focus on the weekly time-frame. The NIFTY50 has once again made a new ATH @ 25078 points. This was expected as per my last analyze! One open price level is around 253xx range. But to notice is the following fact. The weekly candle opened @ 24943.30 points and set a new ATH as per opening price. The ATH @ 25078 follows and for the rest of the week, price keep falling to a closing level @ 24717.70! This behavior indicates a "Buying climax". A Buying climax is often followed by a steep price correction! Again! It could be! Not "it comes"! If so to come, the high @ 25078.30 could be a wave ((5)) of iii with a wave iv to follow. The first target, if so to come, for such a price movement is at or around 24K range and should touch the trend-line as drawn on the chart! More bearish potential exist! The bulls need a push above the level of 25078.30 to get "fresh fuel"! This behavior, if so to come, would be followed by a short term change of the count! Act carefully! Have a great week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk. Definition for a "Buying Climax": - New 52-week high → done! - The week closes in the loss "red week” → done! Alternative: The week closes below the opening price of the previous week
NSE:NIFTY
by ruebennase
1
Indian Market, FIIs and their "Foolish" StoriesI am part of Several Social Media forums (on X, Telegram, Whatsapp etc...). In every channel, we forward FII/DII Activity so diligently Every day. But have we ever seen the Big Picture ??? Look at this link trendlyne.com For the Past 10 years, FIIs were net buyers only 3 times and the magnitude of such Buys is miniscule compared to the Magnitude of what they Sold.  👆👆👆 And In this 10 year period from 2014 - NIFTY has grown 290% Non-stop - with only 1 year in RED I Feel personally ashamed that with so much data in hand, we don't do the proper analysis and go behind some TV Analyst and Stupid Finfluencer for so many years in the Trance that India is controlled by FIIs. If they withdraw - our market will be on its knees - begging 🙇‍♂??? Not possible. That's not the reality at all Ignore the Noise being fed to us everyday.... Do you own Analysis, Stay Strong, Stand Strong - "On your Own Legs" If you like my Analysis - Please give me a High-Fi 🖐🖐🖐 Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYLong
by Stocks-n-Trends
#Nifty50 analysis for upcoming week 5th-9th Aug 2024#Nifty50 stumbled this week, closing at 24717, a 110-point drop from the previous week. While it danced between 25078 and 24686, staying true to its predicted 25400-24300 range, underlying daily chart weakness is undeniable. Yet, the weekly and monthly perspectives remain bullish. Expect Nifty to continue its tightrope walk between 25000 and 24400 next week. A breakout on either side could ignite significant volatility. A potential support level of 24400 might be a sweet spot for new long positions. However, the looming RBI policy announcement on August 8th could trigger another selling wave. Until then, cautious optimism and controlled positions are key. Meanwhile, the S&P500 experienced a 5% correction from its 5566 peak, finding support at the WEMA21 level of 5300. If this support holds, a fresh upward rally towards 5400, 5433, 5500, or even 5566 could be on the cards, potentially buoying Indian markets. Let me know your views in the comments section. thanks for reading
NSE:NIFTY
by ssudhirsharma11
Major Global Events unfolding. Be Alert!Major Global Event 1): Conflict in the Middle East is heating up with possibility of direct conflict between Iran and Israel increasing by every hour. Major Global Event 2): Japan has increased the interest rate by 0.25%. This is just the second hike in 17 years. Now US FED increases or decreases rates to control and Monitor inflation this happens and it has global consequences. Similarly Bank of Japan's move is huge. The money that Japanese investors were investing (And Japan has big investors) was almost at 0 to negligible interest rate. Now there is a possibility that they sell big across the globe. Consequences on Indian Market: India is in much better position to tackle these events economically but still we can not be immune to such events of mass scale. There is a very big chance of temporary effect on Indian indices. Over the long run these uncertainties will have less effect. In the medium to long run India is a bull market and will remain so. Panic selling should be avoided but keep your stop losses in place to protect the capital. Keep Trailing stop losses in place to guard your profits. Cash and money in hand is also a good position sometimes in the market. Nifty Supports Remain at: 24407, 23960 is the 50 Days EMA or mother line, 23283 and 22224 is the 200 days EMA or Father line. Below this line Bears can absolutely over power Bulls. Final Support For Nifty will be at 21879. Nifty Resistances remain at: 24904, 25037 and recent high of 25078. This message is not to instill fear or knee jerk reaction but it aims to make you conscious about the Macro events that can affect your portfolio. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY S/R for 5/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:NIFTY
by zenthosh