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NIFTY trade ideas

NIFTY: SEBI's Gramaphone!The entire price action looks within the expanding triangle or the inverted triangle or the Gramaphone. While bulls rejoice, bear strike, sell higher is the new mantra than buy the dip. Over bought conditions in weekly, oscillators struggle in the daily and shorter frames suggest the same. The only stumbling block for the bears or the hope that is holding is the large bull candle of the Friday. It is not un-common to have such large bull candle at the market top or at the market bottom hence, that alone may not be sufficient to conclude where it is headed. Concern on Israel, Politics in US, data from Europe continue to dictate, while Asia, actions of Central banks are dictating. Later after our market hours BOJ meeting, nothing much ado about or do they do something? Ditto from China and from our regulator, the new measures to combat excessive speculation and the unintended consequences are to be seen and watched. There is no devil on either side. 24750-24950 is the range either side opens up for more down or upside.
NSE:NIFTY
by sreebhashyam
Nifty again tried to conquer 25K but unsuccessful Nifty again today tried to conquer 25K but fell short and reversed from 24971. Twice unable to conquer 25K has formed a temporary Double top type structure indicating weakness not massive but just a little bit. Weakness can creep in if the 24833 and 24773 are broken. Resistances on the upper side remain at 24887, 24957, 24999 and 25037. If 24773 is broken Nifty becomes meaker and then the supports remain at 24676 (Mother Line or 50 EMA Support). 24599 will be the mid channel support. Below 24599 the major supports will be at 24496, 24375 and 24234 (200 EMA support or Father line support.) Below 24234 Bears will totally try to dominate the proceeding.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 31 JULY 2024BUY - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL - 24780 SL - 24930 TARGETS - 24710,24660,24590 NO TRADE ZONE - 24780 to 24860 Previous Day High - 25000 Previous Day Low - 24780 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
4
Daily market analysis tomorrow 31st JulyDaily 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 : Trading levels and Plan for 31-Jul-2024On the previous trading day (30-Jul-2024), the NIFTY index exhibited a mix of bullish and bearish movements, ultimately closing at 24,840.90 with a minor decline of 6.60 points. The index faced resistance at 25,061.00 and showed a pullback after attempting to breach this level. Key levels for the upcoming session include 25,120.05 as a major resistance and 24,765.00 as a critical support level. **Trading Plan for 31-Jul-2024** Opening Scenarios: Gap Up (100+ points): - If NIFTY opens above 24,950.00, look for resistance around 25,028.00 and 25,061.00. - Monitor price action around 25,120.05 as this could be a zone for significant profit booking. - A strong opening above these levels indicates bullish momentum; consider entering long positions if the price sustains above 25,028.00 with a target of 25,120.05. - Set a stop loss at 24,950.00 to manage downside risk. Flat Opening: - If NIFTY opens flat around 24,840.90, look for initial resistance at 24,950.00. - A break above this level could indicate buying interest; consider entering long positions if the price moves above 24,950.00 with a target of 25,028.00 and 25,061.00. - If the price fails to hold 24,840.90, it may retrace towards 24,765.00. Consider short positions if this level breaks with a target of 24,722.00. - Maintain a stop loss at 24,899.20 for long positions and at 24,800.00 for short positions. Gap Down (100+ points): - If NIFTY opens below 24,765.00, look for initial support around 24,722.00. - A bounce from this level could indicate buying interest; consider entering long positions if the price moves above 24,765.00 with a target of 24,950.00. - If the price continues to fall, breaking below 24,722.00, it may signal further downside; consider short positions with a target of 24,628.00. - Maintain a stop loss at 24,765.00 for long positions and at 24,700.00 for short positions. **Risk Management Tips for Options Trading:** - Position Sizing: Avoid over-leveraging; only risk a small percentage of your trading capital on any single trade. - Stop Loss Orders: Always use stop loss orders to protect your capital from unexpected market movements. - Diversification: Diversify your trades across different options to mitigate risk. - Volatility Consideration: Be mindful of market volatility and adjust your strategies accordingly. High volatility can lead to larger price swings. **Summary and Conclusion** For the upcoming session on 31-Jul-2024, it's crucial to monitor the opening scenario of the NIFTY 50 index closely. Each scenario (Gap Up, Flat, and Gap Down) has specific levels to watch and trade accordingly. Use proper risk management techniques to safeguard your investments, especially when trading options. The market can be unpredictable, so it’s essential to be prepared for various outcomes. Disclaimer: I am not a SEBI registered analyst. The views expressed here are for educational purposes only and should not be considered as investment advice. Always conduct your own research or consult with a certified financial advisor before making any investment decisions. --- This detailed trading plan provides a structured approach to navigate the NIFTY 50 index for 31-Jul-2024, ensuring preparedness for different market openings and maintaining a focus on risk management.
NSE:NIFTYShort
by LiveTradingBox
NIFTY- Intraday Levels - 30th July 2024If NIFTY sustain above 24852 or 24873 above this bullish then 24931 then 24989 to 25006 or 25045 above this more bullish then 25099 then 25139 to 25165 or 25205 If NIFTY sustain below 24833 or 24794 below this bearish then 24724 then 24696 to 24678 below this more bearish then 24555 to 24542 then 24516 to 24503 or 24477 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: Ooops!Ooops is a pattern that Larry Williams coined in 1979, it suggests the next the price action of the previous days closes in the top 10% range, the following day prices open with a gap high or low and then closes all the way into the territory of the previous day Larry Conners suggested some qualification about this pattern entry, 10% is the qualification of the previous close and then once the price enters the territory, in this case we closed below the previous day's high, double confirmation comes if we open with a gap. The stop in this case is yesterday open and that is 24950 rounded to the figure. Borrowed strength, look ahead bias, extrapolation all are fed into believing we will cross 25 K. Markets have their own minds, mind you August is month of instability and goes all the way till month of October, nothing new. The big surprise is the fall of NIFTYBANK like a stone, there is something that market fears than what we don't. The markets are moving higher at the cost of, cost of deposits of the banking. That is clearly not conducive to anyone in the long run. Well, Dollar bounces back, inflation is not a done deal, equities remain on the high bound but volatile bound. Discretionary and Pharma coming as rotation. Supports 24780-24730-24630 (previous resistance now support), however the channel is now higher and thus the move below 24680 is the confirmation. Supply 24880-24910-24950
NSE:NIFTY
by sreebhashyam
24773 is a critical support to watch going forward. 24773 is a critical support to watch going forward. If that support is not broken tomorrow or later this week we can see upside once again with resistances at 24871, 24957, 24999 (today's high) and finally 25037. Supports at the lower side are at as mentioned 24773, 24661, 24606 (50 hour's EMA (Mother Line) merging with Mid channel support. Making this support as another major critical support after 24773. Below 24606 bears will get back to business and can further drag the Nifty to 24496 or even 24375. The rally can turn around and loose steam completely if we get a closing below the final support zone of 24218 and 24186(200 hour's EMA father line). Channel bottom is also round about that area.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 30/07/2024BUY ABOVE - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL BELOW - 24780 SL - 24930 TARGETS - 24930,25000,25080 NO TRADE ZONE - 24780 to 24860 Previous Day High - 25000 Previous Day Low - 24780 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
5
Daily market analysis tomorrow 30th JulyDaily 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:NIFTYShort
by littlesubham
NIFTY : Trading Plan and Levels for 30-July-2024Introduction The NIFTY index closed at 24836.10 on July 29, 2024, which was a 0.01% increase from its opening price of 24943.30. Throughout the day, the index traded between a high of 24999.75 and a low of 24774.60. Overall, after getting rejection from "Rejections Zone" that mentioned in Trading Plan in advance, at the end the index ended on flat note. Considering the potential gap openings, let's formulate a detailed trading plan for July 30, 2024, for various scenarios. Trading Plan for 30-Jul-2024 1. Gap Up Opening (100+ Points) If the market opens significantly higher (above 24,941): - Monitor the 24,950 resistance level. If the price sustains above this, look for a break towards 25,045. - Place a buy order if the price retraces to 24,950 with a tight stop-loss below 24,900. - Target for this trade: 25,045 and then 25,154 if momentum continues. If the market struggles to hold above 24,950: - Look for shorting opportunities with a stop-loss above 25,000. - First target: 24,886 and then towards 24,837. 2. Flat Opening If the market opens around the closing price (near 24,840): - Watch the opening resistance at 24,886. If the price breaks above this level, it can test 24,950. - Place a buy order above 24,886 with a stop-loss at 24,837. - Target: 24,950 and then 25,045. If the market fails to break above 24,886: - Look for a potential retracement to the support level at 24,684. - Short the market below 24,837 with a stop-loss at 24,886. - Target: 24,684. 3. Gap Down Opening (100+ Points) If the market opens significantly lower (below 24,740): - Observe the support zone at 24,684. If the price holds above this, expect a retracement. - Buy near 24,684 with a stop-loss at 24,658. - Target: 24,840 and then 24,886. If the market breaks below 24,684: - Look for further downside towards 24,520. - Short below 24,684 with a stop-loss at 24,740. - Target: 24,520 and then 24,483. Risk Management Tips for Options Trading Always use stop-loss orders to limit potential losses. Avoid holding positions overnight unless you have a strong conviction backed by thorough analysis. Diversify your trades to spread risk. Allocate only a portion of your capital to options trading to minimize exposure. Stay updated with market news and events that could impact volatility. Summary and Conclusion In conclusion, the Nifty 50 Index shows crucial resistance and support levels that can be pivotal in determining trading strategies. For July 30, 2024, gap openings of 100+ points in either direction should be handled with a focused approach, considering the mentioned key levels. Risk management remains paramount, especially in options trading, to safeguard against potential adverse movements. Disclaimer : I am not a SEBI registered analyst. The information provided is based on market analysis and is intended for educational purposes. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY S/R for 30/7/24Support 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
NIFTY50.....New ATH! Was it all?Hello Traders, the NIFTY50 has made a new ATH on Friday @ 24861.15 points. This was in line with my expectations! Probably this high was all of wave ((3)) or it is close to it. A possible target range is per my analyse around the 253xx area. It needs a decline below the last low @ 24074, the "hammer candle" of July 19th! As long as this is not the case, the structure of the move should be up and make new ATH`s! Another look could bring a wave a @ 24074 into the focus, with a wave b up to the last level @ 24861.15 and a wave c down to or around the 24K level!! ! Possible but not favored! So be patient and trade carefully. Have a nice week..... Ruebennase Please ask or comment as needed. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Nifty Analysis for Monday 29 july 2024Nifty created sharp upside momentum in last 2 days, it's ultimate goal is 25000. So I am providing highest probability intraday setup in Nifty50 My overview is bullish in nifty for Monday... it will good if Market opens gapdown or flat & creates a selling swing in first 30-45 mins then after creating a support price will bounce. If Market opens gapup or flat and moves upside in first 30-45 min. then there is a very less probability of continuation so if Market creates M pattern then selling swing will be expected and intraday low break is min. expected.
NSE:NIFTY
by jain_abhishek
1
NIFTY- Intraday Levels - 29th July 2024 If NIFTY sustain above 24836 then 24911 to 24943 or 24991 above this bullish then 25067 to 25098 above this more bullish then 25222 to 25254. or 25999 If NIFTY sustain below 24836 or 24758 below this bearish then 24631 to 24600 below this more bearish then 24523 then 24476 to 24444 or 24413 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
Fibonacci sequence drawn on recent peak/bottom shows upsideThe Fibonacci sequence when drawn on recent peak and valley is showing a decent upside still if a major trend line resistance near 24967 is crossed and we get a closing above it. In such a scenario the peak of the current up trend seems to be near 25593. We have got a decent closing above an important fibonacci level of 24707. This becomes an important support now. Below 24707 the significant support levels are 24091, 23931, 23757 (50 days EMA, Mother line)(Read my book The Happy Candles Way available on Amazon to understand more about the Mother father and the small child concept/story.) If we get a closing below 23757, 23400 and 22814 are major support before we hit 200 day EMA or father line at 22088(Below which Bears will be in full power but we are far away from that zone as of now).
NSE:NIFTYLong
by Happy_Candles_Investment