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NIFTY trade ideas

"Fry" DayJust last Thursday we were hoping markets would stay below 24630 and move lower. Bulls had different plans and pulled one of the sharpest candles, unfolding on a Friday. The trouble with excess at the end or near the end of the cycle is they can potentially be traps. Yesterday we did write about the possibility of break above 25K and then fall below. This option unfolded. The cues and glues all are negative, the incremental test of the bulls is eroding, there is clear sings of stale longs getting unwound. This is not the time to nit picking, nor there is any reason to worry for the long term investor. Risk off is huge, the Yields are falling like nine pins, (that is not a good sign in any sense), JPY CHF hitting tops across the board, carry off for now. One more rate cut in BOE did nothing to sooth, they are negatives than positives. It is the BOJ hike that is sending nerves, coupled with mid-east escalation. As if that is not enough the political Hare and Trump continue to discomfort. Welcome to the month of August, it is month of negative returns Below 25050 shorts for 24200 Supports 24880-24830-27780 (close below is confirmation of deeper loss), potential evening star. Supply 25000-25050-25090
NSE:NIFTY
by sreebhashyam
As mentioned yesterday Profit Booking was seen post new High. As we had discussed in yesterday's message after making a new high of 25078 there was strong profit booking in many stocks specially Mid, Small and Micro caps. Market breadth turned negative with 784 advances Vs 1588 declines. This is a natural phenomenon and we cant surely say how long the profit booking can go on. Nifty actually did well to close above 25K at 25010. 25037 was mentioned as a strong resistnace. Nifty momentarily went above it but could not sustain the levels. Nifty made a low of 24956 and bounced back. We had again indicated that 24957 was a good support. (yesterday's Message). Same level is the key as Nifty can again try to confirm it's bottom for consolidation. In case 24957 is it's temporary bottom Nifty can rise further and again take an aim at closing above previous high of 25078. Supports for Nifty remain at 24957, 24887 and the zone between 24833 and 24806(Mother line). If we get a closing below 24806, 24773 or 24661 might come in play. Resistances for Nifty remain at 25037, 25078 and 25116. 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 View for 02-08-2024We have clearly discussed yesterday in the third scenario (what if Nifty opened in gapup). i discussed some points. and exactly happened what i anticipated. i said that the resistance, we are seeing will become support. As we expected it supported Nifty multiple times. Bears tried hard to push Nifty below 25000. but they failed. now my view for tomorrow is very simple. tomorrow is friday. usually fridays are tend to be trending. i am expecting a nice trending day tomorrow. but we have resistance on the upside (25065-25075). support in the downside (24970-24980). either one to be broken to see a trending day. the trending day should be either bullish or bearish. if market opened flat and formed a bullish candle in 5min, we will see a bullish trending day. 24970 - 25075 is the zone of rangebound. Nifty will be bullish if 25075 broken from downside. Nifty will be Bearish if 24970 broken from upside. All my views i am sharing here are for Educational purpose only. not a trade recommendation. "ACCEPTING STOPLOSS IS THE SMARTNESS" Happy Trading. Thank you.
NSE:NIFTYLong
by chaitu50c
Nifty Prediction Today: Global Chip Rally Will Propell NIFTYMorning Brief: (1) Nifty came within kissing distance from 25000 mark on 29th July and since then it has been consolidating within a 200 points range. (2) Yesterday US Market performed well with Nasdaq Composite index clocking more than 2.64% gain while SP500 also gained 1.58% led by Chip stocks. (3) There is also a hint of rates cuts in USA by Jeromy Powel. (4) Consistent inflow of money in Indian market is likely to continue today. (5) FIIs+DIIs hold about 36% Long and about same Short positions in Index Futures. (6) On 15 min time Frame Nifty Chart, Option Scalper's Buy Signal has already triggered on the last candle of Yesterday (see chart above) as the last signal was Buy and price has gone above the consolidation zone. (7) If there is huge gap up opening today, wait for the price to come inside the cloud and slowly go above before you take your long positions. In case of flat or gap down, or marginal gap up opening, take long positions and hold your trade till price does not come inside the cloud. Happy Trading.
NSE:NIFTYLong
by jellygill
NIFTY: The end or the beginning?Our markets simply put lack lustre, the volatile moves are elsewhere. 1. Bank of Japan raises rates, JPY roars, today as we speak NIKKI hit 5% down and the carry story is in worry for now. 2. Hamas leader death, growing geo-political pushes crude prices higher the game is ending or beginning? 3. FED holds the rate, keeps the door half open (half shut), hopes push to come September 4. Dollar remain victim of JPY, commodity rally intitally one has to see the follow through. 5. Europe and US rally one has to see how the follow up today comes. The graph is plotted certain statistics. The inference is after two large moves what market usually does. 1. 2018 Market remained range five months then up 6% but in the interim down 10% 2. 2021 Market range four months up 4.26% later in the interim 3% down. 3. 2023 Mid markets range four months raise 4.8% in the interim down 4.6% 4. 2024 First five months, Markets range and rise 4% in the interim down 2.4% 5. Well either we are going to range and end after min four month or five months with a rise of 3-5% and in between fall of 3% min That gives min 24200 lower bound and higher bound 26000 rounding them 24000-26000 range now you arrive at the 50 strike prices what is proposed. Game on? Anyway, that is not for the trade or investment purpose, just to understand how market can potentially behave. 25K is what market wants, will there be one more sell off or will we break. July is behind, August is usually volatile, break just or break and then fall or break and rise. We have INFY news on the negative side, Supports 24880-24830-24780 Supply 25000-25050-25110
NSE:NIFTY
by sreebhashyam
Nifty Analysis for 01-08-2024: Support & Resistance LevelsMastering Nifty: Trade Smart in Volatile Markets With the start of a new series, the first weekly expiry of the Nifty is today. Yesterday, while Bank Nifty struggled to sustain and close in green, Nifty was in a clear uptrend, opening with a gap down and then moving up. The Nifty index closed with a 0.38% increase. This marginal rise indicates a clear uptrend; however, caution is advised at these levels as previously to selling has come at these levels. On the chart defined time frame, the index is forming a Bullish Pennant and a Rising Wedge Pattern. A breakout of the Bullish Pennant can push it to 25,150, while a breakdown of the Rising Wedge Pattern can initially drag it down to 24,800. Nifty Support & Resistance Levels for Today: Support Levels: The first support level is at 24,860 followed by a stronger support between 24,800 to 24,750. Resistance Levels: On the upside, the initial resistance is at 25,050 and strong resistance at 25,150. Technical Indicators for Nifty Prediction: Max Pain: 25,000 PCR (Put-Call Ratio): 1.18 Bullish IV (Implied Volatility): 15.55 as of the closing on 31-07-2024. Stay tuned for more updates on Nifty prediction to navigate the volatile market conditions effectively. Disclosure: The publisher of this idea is not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as financial advice. Always consult with a qualified financial advisor before making any investment decisions. The publisher does not endorse social media shares on any platform.
NSE:NIFTY
by shvishal
NIFTY - Trading Levels and Plan for 01-AUG-2024 The Nifty 50 Index on 31st July 2024 exhibited a robust upward trend, closing at 24,951 with a gain of 93 points. The chart highlighted key resistance and support levels, indicating potential areas for profit booking and retracement. As we approach the trading session on 1st August 2024, it is crucial to formulate a comprehensive trading plan for various opening scenarios to navigate the market effectively. **Trading Plan for 1st August 2024:** **Gap Up Opening (100+ Points):** If Nifty opens above 25,079 (100+ points gap up): - **Action**: Observe the price action around the resistance zone of 25,105 - 25,159. - **Strategy**: If Nifty sustains above 25,105, consider going long with a target of 25,159. - **Stop-Loss**: Place a stop-loss at 25,029 to manage risk. If Nifty opens between 25,029 and 25,079: - **Action**: Monitor for a pullback towards the support level of 25,029. - **Strategy**: Look for bullish reversal signals near 25,029 to enter long positions targeting 25,105. - **Stop-Loss**: Set a stop-loss at 24,950. **Flat Opening:** If Nifty opens flat around 24,979: - **Action**: Assess the price movement within the range of 24,950 - 25,029. - **Strategy**: Consider buying near 24,950 with a target of 25,029. - **Stop-Loss**: Place a stop-loss at 24,934. If Nifty breaks below 24,950: - **Action**: Look for support around 24,878. - **Strategy**: Enter long positions if a bullish pattern emerges around 24,878, targeting 24,950. - **Stop-Loss**: Use a stop-loss at 24,819. **Gap Down Opening (100+ Points):** If Nifty opens below 24,879 (100+ points gap down): - **Action**: Identify buyer support around 24,795. - **Strategy**: If Nifty holds above 24,795, initiate long positions with a target of 24,878. - **Stop-Loss**: Implement a stop-loss at 24,773. If Nifty opens between 24,879 and 24,979: - **Action**: Monitor for support at 24,878. - **Strategy**: Buy near 24,878 with an upside target of 24,950. - **Stop-Loss**: Set a stop-loss at 24,819. **Risk Management Tips for Options Trading:** **Position Sizing**: Allocate only a small portion of your capital to any single options trade to minimize risk. **Stop-Loss Orders**: Always use stop-loss orders to protect against significant losses. **Diversification**: Avoid putting all your capital into a single trade; diversify across different trades. **Implied Volatility**: Be aware of the implied volatility of options; higher volatility can lead to larger price swings. **Hedge Positions**: Consider hedging strategies like spreads to reduce risk. **Summary and Conclusion:** The Nifty 50 Index is currently at a critical juncture with several key support and resistance levels in play. For the trading session on 1st August 2024, traders should be prepared for various opening scenarios and adjust their strategies accordingly. Effective risk management is essential, especially when trading options, to safeguard against potential market volatility. **Disclaimer:** I am not a SEBI registered analyst. This trading plan is for educational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a professional advisor before making any trading decisions. **Happy Trading!**
NSE:NIFTY
by LiveTradingBox
NIFTY- Intraday Levels - 1st Aug 2024If NIFTY sustain above 24984 then above this bullish then 25006 to 25023 then 25060 to 25099 or 25139 above this more bullish If NIFTY sustain below 24971 then 24945 to 24931 below this bearish then 24873 to 24833 below this more bearish Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
NIFTY INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 25000 SL - 24930 TARGETS - 25080,25160,25240 SELL BELOW - 24860 SL - 24930 TARGETS - 24780,24710,24660 NO TRADE ZONE - 24860 to 25000 Previous Day High - 25000 Previous Day Low - 24860 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
Daily market analysis tomorrow 1st AugDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterest
NSE:NIFTY
by littlesubham
NIFTY VIEW FOR 01-08-2024As we can see today Nifty opened slight Gapup and continued its upmove by making higher lows and higher highs, which indicated Bullish Momentum. But Nifty is exactly at Resistance level. I can Explain this with 3 possible Scenarios. 1. If Nifty opened Flat, i will be very cautious. Nifty should sustain above this resistance zone we are currently observing. If Nifty sustained above this level until 12PM, i can consider this as proper breakout and can take trades accordingly. If Nifty broke the Resistance immediately, i will enter in Short trade Immediately by maintaining proper Risk to Reward with target of nearby Support. 2. If Nifty opened in Gapdown, today's scenario may continue. Resistance zone will act as resistance, We can aim for Support zone as our trade target by placing stoploss above the resistance zone. 3. If market opened Gapup, that will be the new All time high, there will be no resistance in the system until we find one or we may use extended Fibonacci. but i recommend let nifty fall upto the resistance level we are currently observing. because it acts as a new support. we can go Long from there by placing Stoploss below the zone. As tomorrow is Expiry for Nifty, anything can happen. Following proper Risk to Reward can only make you a successful Trader. The views i am posting here are Educational purpose only. not a trade Recommendation. "ACCEPTING STOPLOSS IS THE SMARTNESS" Happy Trading. Thank you.
NSE:NIFTYLong
by chaitu50c
NIFTY S/R for 1/8/24Support 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
Good Positive move by Nifty today trying to clear deck for 25K.Good Positive move by Nifty today trying to clear deck for 25K. Nifty right now is in no mood to stop but traders and investors should be very clear with the stop losses and Trailing stop losses as we have seen that when a new Peak or significant Psychological target is achieved there can be a bout of profit booking. Nifty may again dive downwards to find and confirm it's significant support. Investors should keep this in mind. Supports For Nifty right now seem to be near: 24942, 24887, 24833, 24773, 24741 (Very important Mother Line Support of 50 hour's EMA), below Mother line we have mid channel support at 24661. Below 24661 bears can awaken from coma and have potential drag the nifty till 24496 or even 24375. The final support zone for Nifty is between Father line (200 Hour's EMA) at 24282 and Channel bottom near 24250. Below 24250 can be pure bear territory. Resistances for Nifty remain at: Zone near previous high between 24985 to 24999 crossing which the next resistance will be near 25037. If we get a closing above 25037 Nifty can reach 25116. Major trend top as well as channel top seems to be between 25174 to 25200 range. Trade and invest with caution. Stoplosses are our friends which protect our capital. Trailing stop losses are our best friends which protect our Profits. To know more about Mother Father line and their significance and to learn Techno Funda analysis we recommend you read the book The Happy Candles Way. Which is available on Amazon on paperback version. Kindle version of the same book is also available on Amazon Kindle. 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