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NIFTY trade ideas

NIFTY 50 19th DECEMBER 2024 Yellow Zone (24,285.45 - 24,259.40): This is a neutral or consolidation zone. If the price breaks above this zone with volume, it might move towards the Red Zone (Resistance levels). Red Zone (24,488.20 - 24,367.50): This acts as a resistance area. If the price reaches this zone, watch for rejection or a breakout above it for further upside. Green Zones (Support levels): 24,086.40 - 24,049.00 (Upper green zone): Immediate support area; a break below this may push the price lower. 23,915.80 - 23,872.85 (Lower green zone): Stronger support, indicating a potential reversal zone.
NSE:NIFTY
by trade_geeks
NIFTY : Prediction levels and plan for 19-Dec-2024 Intro: Previous Day's Plan vs Actual In yesterday's chart, we observed Nifty approaching a deep retracement zone (113% level at 24,098) and tested the must-try zone for Wave C completion as highlighted. Price remained within the "No Trade Zone" for a considerable period, indicating indecision and sideways movement. The sideways yellow trend was respected, with no significant breakout. Now, for 19-Dec-2024, we will plan the opening scenarios considering a gap opening of 100+ points in either direction, or a flat opening, using key levels for action. Trading Scenarios for 19-Dec-2024 Gap Up Opening (100+ points): If Nifty opens above the Opening Resistance for Retracement at 24,359, this signals initial strength. - Monitor the first 30 minutes for price action confirmation. If Nifty sustains above 24,359, we may see a move towards the Last Intraday Resistance at 24,488 (red level). - Aggressive traders can look for long opportunities with a stop loss placed at 24,227 (blue level) on an hourly candle-close basis. - However, failure to sustain above 24,359 can lead to a retracement back towards the No Trade Zone (24,169). - Action Plan: - If the price closes an hourly candle above **24,359**, initiate longs with **targets** at **24,488**. - If it fails to hold above, avoid fresh trades and wait for price to return to the retracement zone. Flat Opening: If Nifty opens near the No Trade Zone (24,169 - 24,227), caution is required. A sideways price action is likely within this range. - Price needs to break out from this "No Trade Zone" to give clear direction. - Upside breakout above 24,227 could lead to a retracement test towards 24,359. - Downside breakdown below 24,169 can trigger a test of the Wave C correction zone at 24,098 - 24,029. - Action Plan: - Avoid trading in the "No Trade Zone" to minimize risk. - For longs, wait for a confirmed breakout above **24,227**. - For shorts, wait for a breakdown below **24,169**, targeting **24,098** first and then **24,029**. Gap Down Opening (100+ points): If Nifty opens near or below the Must Try Zone at Wave C completion (24,098 - 24,029), it signals a bearish start. - Watch for signs of support formation in this range. A strong bounce can lead to a reversal back toward 24,169. - However, if Nifty fails to hold this zone and breaks 24,029, further downside towards 23,600 could unfold (red trend). - Action Plan: - Look for buying opportunities if price holds above **24,029** with confirmation on the hourly chart. - If **24,029** breaks decisively, initiate short positions targeting **23,600**, with a stop loss above **24,098**. Risk Management Tips for Options Traders : Always use stop losses based on an hourly candle close to manage risks. Avoid trading in uncertain zones (e.g., "No Trade Zone") where the risk-reward ratio is unfavorable. For options, consider deploying spreads (e.g., Bull Call Spread or Bear Put Spread) to limit risk during gap openings. Avoid chasing trades in case of a sharp gap-up or gap-down; let the price stabilize for 30 minutes. Summary and Conclusion: Nifty remains at a critical juncture near the Wave C correction completion zone. Key Levels to Watch: Upside: 24,227, 24,359, 24,488 Downside: 24,169, 24,098, 24,029, and 23,600 Focus on breakouts or breakdowns for actionable trades, avoiding sideways moves. The yellow trend reflects sideways movement, green indicates a bullish reversal, and red shows bearish continuation. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders should conduct their analysis or consult a financial advisor before making decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY 50 18th DECEMBER 2024Key Levels Support Levels (Green Lines): 24,222.50: A support area where the price bounced. 24,181.10: Another critical support level and Stop Loss (SL). 24,179.15: Very close to SL, showing the bottom of the current range. Resistance Levels (Red Lines): 24,367.45: Immediate resistance where price previously rejected. 24,481.10: A significant resistance above, marking a key level of rejection earlier. 24,508.05: The upper resistance zone. Current Price Movement 24,292.30: Price is currently at this level, slightly recovering from the low. Price is trading within a box range (highlighted blue/green zone) between 24,181.10 (SL) and 24,367.45 (Resistance). Trade Setup Entry: Likely triggered at 24,222.50 (support bounce). Stop Loss: Around 24,181.10. Target: Immediate target resistance at 24,367.45. This setup appears to have a Risk-to-Reward ratio greater than 1:2, which is favorable.
NSE:NIFTY
by trade_geeks
NIFTY S/R for 19/12/24Support 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. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the 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
Nifty Intraday Trade Setup | 19th DecemberNifty opened with a minor gap-down and it morning we saw some volatile moves, once Nifty sustained below 24300 which was a crucial support level, we saw good fall and Nifty made a low near 24150 and closed below 24200. There is US Fed meeting tonight and tomorrow we may see the impact on Indian markets. For tomorrow, if Nifty sustains below 24150 we may see further downside towards 24100 and below marked levels. On the other side, if Nifty breaks 24250 on upside we may see 24300 and above marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24250 Sell Below - 24150 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY50.....All options are still vlaid!Hello Traders, the NIFTY50 failed to rise above Thursday`s top @ 24857 and fell straight down 24149.85 this morning. As per my weekend edition, the index still has two options. If the high @ 24857 was a double wave 1 and 2, the low @ 23873 has to remain valid for this scenario. A decline below that level eliminates the first option. Breaking below that level, opens the door to 23263, with more bearish potential. In this case, more bears could enter the stage and send N50 to 22000 range in the coming 1-2 weeks! A break of the high @ 24857 with a strong bullish momentum and candle, can lead the way to 2521x area. A break of 25601 level would lower the option for a bearish count. That`s it for today..... Have a great time..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
As Expected Mother Line resistance has come into playAs we had expected in Yesterday's message the closing below Mother line yesterday meant that Mother line resistance was supposed to come into play today and it did. Nifty made a high of 24394 and ominous mother line resistance was near by as can be seen in the chart and Nifty got rejected from there. Now Nifty is tossed into bottom searching mode. Today's low that is 24149.85 was a support zone and we saw a closing above it at 24198 which is the silver lining in the cloud. If 24150 is respected tomorrow we can start seeing some range bound upside. If the support of 24150 is not respected and we get a closing below this level the further supports for Nifty will be at 23904, 23803 or Strong Father line support at 23689. If 23689 is broken we can see a low of 23291 or so as of now. On the positive side if the support of 24150 is respected by Nifty the resistances on the upside will be near 24311, 24435 (Strong Mother line resistance), 24627, 24793 or even 24960. 24960 is a strong resistance to cross but if and when it is crossed we can see more upside as Bulls will start calling shots above this level. Thus the most critical supports are 24150 and 23689. Most critical resistances will be 24435 as of now. 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
The Nifty spot intraday trend forecast for December 19, 2024The Nifty intraday trend is likely to be bearish tomorrow ie December 19, 2024. The positional trend also looks bearish till the end of the month. There are strong support zones for Nifty spot on the positional side at 23678 and 23381 by end of December 2024. For the positional Nifty trend forecast chart, please refer to the post dated on 30th November 2024 published for Trading view members only. The content provided here is only for the educational purposes.
NSE:NIFTYShort
by Mastersinnifty
NIFTY : Trading levels and Plan for 18-Dec-2024Nifty Trading Plan for 18-Dec-2024 Previous Day Plan vs Actual: In yesterday's uploaded chart, we identified key levels of retracement and reversal zones. The Wave C completion zone (24,097 - 24,009) was highlighted as a potential support for buyers. As observed in today’s session, the price reacted strongly to this zone with a pullback, respecting the reversal area as anticipated. Additionally, the Golden Retracement Zone acted as intraday resistance, with prices consolidating sideways as shown in the Yellow Trend . Moving into 18-Dec-2024, we will adjust our plan based on the identified opening levels and trends. Trading Scenarios for 18-Dec-2024: Scenario 1: Gap Up Opening (100+ Points Above 24,319) If Nifty opens with a strong gap-up above 24,485 or near the Golden Retracement Zone , we should be cautious of immediate selling pressure. The first resistance to monitor is at 24,547 . Price action here will determine further moves: If prices sustain above 24,547 , expect an extension toward 24,686 (Last resistance for Intraday). Failing to sustain above 24,547 could lead to retracement back to 24,319 (Opening Support). Action Plan: Wait for a retest of support levels after the gap-up before initiating fresh longs. Avoid chasing prices. Tip: For option traders, focus on at-the-money call options with tight stop losses if support holds. ⠀⠀ ⠀⠀ Scenario 2: Flat Opening (Near 24,319 - Opening Support/Resistance Zone) If Nifty opens flat near the Opening Support/Resistance at 24,319 , we must observe whether buyers or sellers take control: If prices break above 24,319 and sustain, look for a move toward the Golden Retracement Zone at 24,454 - 24,485 . Failure to hold 24,319 could trigger selling pressure toward 24,150 and deeper levels like the Wave C completion zone. Action Plan: Observe 15-minute candle confirmation before taking any trade. Maintain a favorable Risk/Reward Ratio of at least 1:2. Tip: For options, consider selling put options if support holds or buying call spreads to minimize premium risks. ⠀⠀ ⠀⠀ Scenario 3: Gap Down Opening (100+ Points Below 24,319) If Nifty opens with a gap-down near the Wave C completion zone (24,097 - 24,009) , this area will act as strong support for buyers: Look for reversal signs (bullish candles) in this support zone for potential long entries with stop losses below 24,009 . If prices fail to reverse and sustain below 24,009 , expect further downside toward 23,950 . Action Plan: Focus on reversal confirmation at Wave C completion for long positions. Avoid shorting unless a clear breakdown occurs. Tip: For options, buying in-the-money call options at reversal zones reduces the impact of time decay. ⠀⠀ ⠀⠀ Risk Management Tips for Options Trading: Always keep a defined stop-loss for every trade to protect your capital. Avoid holding options positions overnight, especially during high volatility. Use spreads (e.g., Call/Put Spreads) to minimize the impact of premium fluctuations. Do not risk more than 1-2% of your capital per trade. Monitor the VIX index to gauge overall market sentiment and volatility levels. Summary and Conclusion: Bullish Scenario: Sustaining above 24,454 - 24,485 could trigger a move toward 24,686 . Sideways Scenario: Consolidation in the Golden Retracement Zone may dominate intraday moves. Bearish Scenario: A break below 24,009 could invite further selling pressure. Yellow Trend: Sideways Consolidation Green Trend: Bullish Move Red Trend: Bearish Breakdown Disclaimer: I am not a SEBI-registered analyst. The analysis provided is for educational purposes only. Please conduct your research or consult with a financial advisor before taking any trade.
NSE:NIFTY
by LiveTradingBox
2 Red Candles throw Nifty back to support searching mode. 2 intensive Red Candles with big selling throw Nifty back to support searching mode. The strong support zone is round the corner. The chart shows Nifty is nearing 2 major trend line supports at 24257 and 24175. If these 2 supports are broken further supports for Nifty will be at 23904 and 23803. Final Mega support for Nifty will be 23684 (200 day's EMA or Father Line Support) and recent low of 23291. On the upper side resistances galore at 24445 (50 day's EMA or Mother line) followed by 24627, 24793, 24960 and finally 25209. The selling has come on the back of Rupee hitting all time low and fears over US FED slowdown in the Rate Cuts in the year 2025 as inflation is not abetting and is continuing to grow. US Markets have already priced in 25bps rate cut for the ongoing FEd meeting. But more worry is regarding the commentary about 2025 and 1 or 2 more US FED meetings decisions before Trump administration takes over. With Nifty nearing critical support levels mentioned earlier volatility, bulls Vs bears FII Vs DII intense struggle is on cards. Bears have had an upper hand so far this week but Bulls can stage a fierce fight back any time within this week itself once Nifty confirms support. 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