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Nifty Intraday Trade Setup | 10th January 2025Nifty opened with flat but we saw weakness since morning, broke our sell level 23630 around 10:25 and Nifty hit both of our targets. Tomorrow, Sell Nifty if sustains below 23490 for the targets of 23440 and below marked level. On the other side, sell Nifty if sustains above 23580 for the targets of 23640 and above marked level on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 23580 Sell Below - 23490 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Nifty Intraday Trade Setup | 9th January 2025Nifty opened with a gap-up, faced resistance exactly at our buy level 23750 and came down. Nifty broke sell level 23640 around 10:15 and hit all our targets on downside. We have seen recovery from 23500 levels in second half. Tomorrow, Buy Nifty if sustains above 23750 for the targets of 23800 and above marked level. On the other side, Sell Nifty if sustains below 23630 for the targets of 23580 and below marked level on the chart. Expectations: Range-bound day Intraday Levels: Buy Above - 23750 Sell Below - 23630 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Bearish or Bounce Ahead? Here’s my detailed analysis and outlook for Nifty based on daily and weekly charts: Daily Chart Insights Trend: Nifty is in a clear downtrend with lower highs and lows since breaking 24,000. Currently consolidating near 23,500, which acts as a critical support zone. Volume Profile: High selling volume on down days shows persistent institutional pressure. Buyers are defending 23,500, but no strong confirmation of reversal yet. Key Levels: Resistance: 23,800-23,850: Immediate resistance with heavy Call OI. 24,050: Higher timeframe resistance. Support: 23,500: Immediate support. 23,400-23,350: Breach could lead to more downside. Indicators: RSI: Near oversold (~40), but no bullish divergence. Moving Averages: Below 50-DMA and 200-DMA, confirming bearish momentum. Weekly Chart Insights Trend: Downtrend continues, with Nifty failing to reclaim critical levels like 24,200. Last week’s bearish candle shows sellers remain dominant. Volume Profile: Increased selling volume on red candles confirms institutional sell-off. Buyers look weak below 23,500. Key Levels: Resistance: 24,000-24,200: Strong supply zone. 24,400: Major resistance for any upside rally. Support: 23,400-23,350: Breakdown could lead to 23,000. 23,000: Psychological and historical support zone. Indicators: RSI: Around 35, nearing oversold territory but with downside room. MACD: Bearish crossover confirms momentum on the downside. Prediction for the Month Bearish Case (High Probability): Failure to reclaim 23,800 could continue the downtrend. Breach of 23,500 may lead to: Target 1: 23,350. Target 2: 23,000. Bullish Case (Low Probability): Breakout above 23,800 could trigger a short-term rally: Target 1: 24,050. Target 2: 24,400. Outlook: The market remains moderately bearish for the next month unless strong buying emerges at 23,500 or a breakout above 23,800 occurs. What’s your view? Let’s discuss! Disclaimer: This is my personal analysis and not financial advice. Please trade responsibly.
NSE:NIFTY
by thirdeyecs
Nifty Review & Analysis - DailyPrice Action : Nifty saw selloff from the opening znd closed at almost low of the day. A weak day overall forming a bearish candle. Technicals: Nifty 50 has formed a strong bearish candlestick pattern on the daily charts with above-average volumes, while defending the previous low of 23460. The index closed near the Trens line support around 23500 , trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 39), and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness. Support/Resistance Major Support 23000 Immediate Support 23300 Immediate Resistance 23600 Major Resistance 23800 Trend: Nifty was Strong Neagtive Options Data: Call addition seen at 23600 23700 & 23800 saw Put writing and no major Put writing at 23300 seen suggesting huge resistance at higher levels. PCR improved to 0.7 Futures Data: FII Long/Short ratio came down to 16% Nifty Futures saw fall with addition in Open Interest suggesting Bearish Trend to continue in immediate short term. Outlook for Next Session: overall Nifty is Bearish. Can add Shorts on every pull back Approch: Short Nifty at highs or pull back towards 23600 for tgt 23300 and 23000 Wait for today’s low to be taken out and trade below that for 30mins to go short for tgt 23350 If opened Flat wait for a weakness and short If opened gap-up, which is very unlikely, go short if opened gap-down, wait for break below 23500 clearly to go short. My Trades & Positions: exited Longs at open and created Shorts once 23600 broke, still in Short
NSE:NIFTYShort
by Sandeep_CA
Prospects of Further downside in Nifty hanging by the thread. Pretty bad closing by Nifty today which has further downside in Nifty hanging by the thread. As you can see we are near the bottom of the pennant structure. If the downside is broken by any chance possibility of further downside can not be ruled out. However if the support of today's low is maintained possibility of upside will open up. Silver lining in the cloud is DII being on buying side and RSI has take an upward turn with closing above yellow line. The supports for Nifty now are at 23463 Bollinger lower band support, 23380 and 23365 (Final Support). Resistances on the upper side for Nifty are at 23682 (Bollinger mid band), 23722 (Mother line resistance), 23787 (Bollinger upper band), 23889 and finally 23980 (Father line resistance). Above 23980 closing the door for further up side will open. With Medium term targets being at 24073, 24103, 24232, 24302 and finally 24401. Above 24401 closing Bulls can jump back to business. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
BUY NIFTY 23650 CE 9TH JAN EXP @ 28 - 25 | NIFTY LONG TRADENIFTY 23650 CE 9TH JAN EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, Nifty is currently trading a support level, and we anticipate an upside movement from here towards 23680 - 23700. We recommend buying the 23650 CE (Call Option) with a 9th January 2025 expiry in the price range of 28 - 25. The target levels are 50 and 70, with a stop-loss set at 19. Regards, OptionsDaddy Research Team
NSE:NIFTYLong
by Options_Daddy
2
Nifty Intraday Support & Resistance Levels for 09.01.2025On Wednesday, Nifty opened with a gap-up and touched a high of 23,751.85. However, it couldn’t sustain the momentum and dropped to a low of 23,496.15. It managed to close at 23,688.95, losing a modest 19 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting indecision in the market. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Despite a gap-up start, Nifty struggled to hold gains. Watch for a breakdown below the support at 23,189 for potential bearish action. On the upside, crossing 24,400 could signal recovery.
NSE:NIFTY
by PriteshPalan
NIFTY : Trading levels and Plan for 09-Jan-2025Trading Plan for NIFTY - 9-Jan-2025 Intro - Plan vs. Actual for 8-Jan-2025 Yesterday's plan highlighted key levels, with 23,483 - 23518 acting as support and excalty from those level saw a smart recovery. and ended up at flat not. The yellow trend marked the sideways movement, while bearish momentum was evident in the red trend zone. Today's chart builds upon the prior analysis, with updated levels and a strategy for all opening scenarios. Trading Scenarios for 9-Jan-2025 Gap-Up Opening (Above 23,860) If Nifty opens above 23,860 , monitor for rejection near the Profit Booking Zone (24,070) . Look for a bearish hourly candle close in this zone to consider selling opportunities, targeting 23,817 (opening resistance). If strength persists, expect a bullish breakout, targeting 24,150+ . Action Plan: Wait for rejection candles in the profit booking zone for a potential short. For bullish trades, buy only on sustained breaks above 24,070 . Risk Management: Use 23,950 as a stop-loss for shorts and 23,860 for longs, based on hourly closes. Flat Opening (Between 23,611-23,817) A flat opening around the 23,675 zone requires caution. Watch for price action at 23,817 . A failure to break this resistance could lead to bearish moves, targeting 23,611 and 23,545 . Conversely, a breakout above 23,817 may turn bullish, with upside potential toward 23,860 . Action Plan: Wait for price confirmation near 23,817 . Use stop-losses 20-30 points above or below breakout/rejection levels. Risk Management: Trade with minimal risk exposure during the opening 30 minutes to let the trend settle. Gap-Down Opening (Below 23,545) In case of a gap-down, observe the 23,545 level for signs of support. Failure to hold may lead Nifty toward the Last Intraday Support Zone (23,432) . Bulls may defend this zone aggressively, offering a potential buying opportunity. Action Plan: Look for long opportunities only near 23,432 , with targets back toward 23,545-23,611 . If selling persists, avoid aggressive longs below 23,432 . Risk Management: Use 23,400 as a strict stop-loss for longs in the gap-down scenario. Tips for Options Trading Focus on weekly ATM options to minimize premium decay. Avoid holding positions during volatile periods unless you have a strict exit strategy. Use spreads to hedge directional trades, especially in uncertain market conditions. Summary and Conclusion The market's reaction to the key levels will determine the trend. Respect the zones: 23,817 as resistance and 23,611 as support. Patience during the opening 30 minutes can lead to better trade entries. Yellow indicates sideways, green indicates bullish, and red indicates bearish trends. Disclaimer : This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Nifty Review & Analysis - DailyPrice Action : Nifty saw selloff from the opening and saw buying at 23500 levels to bounce back and close flat at previous day’s close. As discussed last session Nifty saw some buying around 23500 levels where there were Put writers. Technicals: Nifty 50 has formed a Hammer sort of candlestick pattern on the daily charts with above-average volumes, while defending the previous low of 23460. The index closed near the previous day’s close, trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 43), remain in the lower band, and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness. Support/Resistance Major Support 23450-500 Immediate Support 23600 Immediate Resistance 23750 Major Resistance 23850-23900 Trend: Nifty was Negative to sideways Options Data: 23500-600 saw Put writing and 23700 saw Call addition suggesting Nifty in a 100-150 point range. PCR improved to 0.7 Futures Data: FII Long/Short ratio was at 19%/81% Nifty Futures closed flat with addition in Open Interest suggesting slight Long addition bullish bias in immediate short term. Outlook for Next Session: overall Nifty is Bearish. If buying has emerged at 23500 levels and sustained above 23720 might atempt to test 23850 levels Approch: Wait and watch with no positions. Wait for today’s High to be taken out and trade above that for 3omins to go long for tgt 23850+ If opened Flat wait for a test of 23650 to see buying and go long above 23720 If opened gap-up, which is very unlikely wait for pull back to go long for small profits if opened gau-down, wait for break below 23500 clearly to go short. My Trades & Positions: holding long positions in 23500CE Jan monthly expiry around 23540 levels
NSE:NIFTYLong
by Sandeep_CA
NIFTY S/R for 9/1/25Support 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
Parallel Channel hourly candles suggests Nifty is delicate zone.Parallel Channel of Nifty suggest that we are in delicate zone with shadow of the candle being positive. Nifty has thrice taken support on the channel bottom as you can see in the chart. A strong support zone for Nifty is seeing strong buying emerging near the channel bottom. This strong support zone is between 23509 and 23263. The Three important resistances however are not allowing Nifty to grow further. These 3 resistance are: 1) Mother line resistance near 23775. 2) Father and trend line combine resistance near 24010. 3) Third important resistance for Nifty to conquer will be near 24288 which is the mid channel resistance. When we will get a closing above 24288 the Bull can breath a little easy and try and push Nifty upwards towards 24510, 24779 or even above 25K. The zone between 25033 and 25200 will again be a tough zone to conquer as the Nifty will again hit the top of the parallel channel. Conclusion: All is good till we do not get a closing below 23K levels. Below 23K levels weekly closing Bears will have position to overpower the market and drag Nifty further down. For long term investors this is good opportunity to invest big go long and hold on. Today ONGC, Reliance, ITC, Asian Paints, Dr Reddy, Wipro and TCS are the few large cap stocks which saw buying. The laggards for Nifty today were Apollo Hospitals, Trent, Shriram Finance, Bajaj Auto, ultratech and few other Large cap stocks. 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 or index. 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. I or my clients might have positions in the stocks that we mention in our posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Trade Setup | 8th January 2025Nifty opened with a gap-up, came down and taken support near our buy level 23660 but Nifty traded in a range whole day today so it was a typical options sellers day. Tomorrow, Buy Nifty if sustains above 23800 for the targets of 23850 and above marked level. On the other side, Sell Nifty if sustains below 23640 for the targets of 23590 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23800 Sell Below - 23640 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1