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NIFTY : Trading levels and Plan for 05-Dec-2024Trading Plan for Nifty – 05-Dec-2024 Intro: Previous Day's Chart Pattern Nifty on 04-Dec-2024 displayed mixed momentum, with a clear rejection from the upper resistance zone near ₹24,550 - 24,570. The Yellow trend highlighted a consolidation phase, the Green trend signaled bullish potential during upward retracements, and the Red trend indicated bearish pressure around resistance levels. Key levels such as ₹24,345 acted as support, while the intraday resistance remained prominent at ₹24,772. Plan for Different Opening Scenarios: 1. Gap-Up Opening (Above ₹24,647 by 100+ points) If Nifty opens significantly above ₹24,647: Key Resistance Levels: ₹24,772 and ₹24,804 will be the major zones to watch for profit booking and potential reversals. Action Plan: Allow the first 15–30 minutes for price discovery. Look for pullbacks near ₹24,647 for entry into long positions, with a stop loss below ₹24,612. Targets will be ₹24,772 and ₹24,804. Failure to Sustain Above ₹24,647: If prices fail to hold above ₹24,647, avoid longs and observe price action near ₹24,612 for re-entry possibilities. Risk Management: Tighten stop losses when approaching the resistance zone to secure profits. Avoid aggressive long positions unless the bullish trend sustains. 2. Flat Opening (Within ₹24,316 to ₹24,461) If Nifty opens near its previous close: Key Support and Resistance Levels: ₹24,345 serves as opening support, while ₹24,461 and ₹24,647 are the immediate resistance zones. Action Plan: Wait for a clear breakout or breakdown. Long positions can be initiated above ₹24,461, targeting ₹24,647 and ₹24,772, with a stop loss below ₹24,345. Short positions should be considered if the index breaks below ₹24,345, targeting ₹24,316 and ₹24,220, with a stop loss above ₹24,461. Risk Management: Trade cautiously within this range as the price may exhibit false breakouts. Use smaller position sizes during consolidation phases. 3. Gap-Down Opening (Below ₹24,345 by 100+ points) If Nifty opens below ₹24,316: Critical Support Levels: ₹24,220 will act as a critical support. Failure to sustain this level could lead to extended selling towards ₹24,100. Action Plan: Monitor the first 15–30 minutes. If prices rebound from ₹24,220, consider long positions for targets of ₹24,316 and ₹24,345, with a stop loss below ₹24,200. If prices sustain below ₹24,220, initiate short positions for targets of ₹24,100 and ₹23,950, with a stop loss above ₹24,316. Risk Management: Avoid catching falling prices; confirm reversals before entering trades. Keep positions light in volatile conditions. Tips for Risk Management in Options Trading: Time Decay Awareness: Avoid holding out-of-the-money options close to expiry as premium erosion accelerates. Defined Risk Strategies: Use options spreads like bull call or bear put spreads to cap risk. Avoid Overleveraging: Limit position sizes to avoid large losses during sudden market movements. Monitor Volatility: Consider implied volatility before entering positions; high volatility may lead to expensive premiums. Summary and Conclusion: Nifty’s price action for 05-Dec-2024 revolves around key levels of ₹24,647 on the upside and ₹24,220 on the downside. Traders should focus on these zones for clear directional movements. Proper risk management and a disciplined approach are essential, especially during volatile market conditions. Always confirm the trend before initiating trades and avoid overexposure to options positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be treated as financial advice. Consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 3rd DecemberNifty opened flat and after initial decline towards 24000 odd levels, we saw good recovery from lower levels and Nifty made a high at 24301. For tomorrow, buy Nifty if sustains above 24340 we expect to see an up-move towards 24390 and above levels. On the other side, if Nifty breaks 24200 on the downside we may see 24150 and lower levels marked the chart. Expectations: Range-bound movement. Intraday Levels: Buy Above - 24340 Sell Below - 24200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
6
NIFTY : Trading levels and Plan for 04-Dec-2024Before I begin, I kindly ask you to hit boost or like if you enjoy my analysis. Your support keeps me motivated to dedicate my time to creating these charts for you, completely free! Nifty Trading Plan for 04-Dec-2024 📈 On the previous trading day, Nifty witnessed a significant rally towards the completion zone of Wave C, form the the Opening important range for buyer's and Sellers (mentioned in yesterday's Plan. For upcoming trading session, the structure also highlighted a Change of Character (ChoCH) near ₹24,483, which now acts as an opening support/resistance level. Key levels such as ₹24,355 (opening resistance) and ₹24,189 (last intraday/swing support) indicate pivotal areas for monitoring price action. Yellow indicates a sideways trend, green represents bullish momentum, and red marks bearish trends. Here’s a structured trading plan for all opening scenarios: Gap Up Opening (+100 points or more above ₹24,445) Profit Booking Zone (₹24,650-₹24,692): A gap-up opening near or within this zone could face sideways consolidation or immediate rejection, as it aligns with the first target of Wave C completion. Action Plan: Entry: Short near ₹24,692 after observing bearish reversal patterns like shooting stars or bearish engulfing. Target: ₹24,483 (opening support/resistance zone) and ₹24,413. Stop Loss: Above ₹24,730 to avoid false breakout risks. Breakout Potential Above ₹24,692: Sustained buying above ₹24,692 with strong momentum could trigger bullish continuation. Action Plan: Entry: Long above ₹24,692 after a 15-minute candle closes above this level. Target: ₹24,800-₹24,850. Stop Loss: Below ₹24,600 to safeguard against pullbacks. Flat Opening (Near ₹24,445) Opening Support/Resistance Zone (₹24,413-₹24,483): Flat openings indicate indecision. If Nifty sustains above ₹24,483, it may show bullish strength; otherwise, a fall back to ₹24,413 is likely. Action Plan for Bullish Scenario: Entry: Long above ₹24,483 with strong buying pressure. Target: ₹24,650-₹24,692. Stop Loss: Below ₹24,413 for risk management. Action Plan for Bearish Scenario: Entry: Short below ₹24,413 after confirming selling pressure. Target: ₹24,355 and ₹24,300. Stop Loss: Above ₹24,483 to limit losses. Retracement Monitoring at ₹24,355: If the price consolidates near ₹24,355, observe breakout patterns for direction. Gap Down Opening (-100 points or more below ₹24,445) Testing Swing Support (₹24,189): A gap-down opening below ₹24,300 will test the last intraday/swing support around ₹24,189. Failure to hold this level may result in further downside momentum. Action Plan: Entry: Short below ₹24,189 after confirming a bearish breakdown. Target: ₹24,100 and ₹24,050 (extended downside levels). Stop Loss: Above ₹24,250 to reduce risk. Reversal Potential at ₹24,189: Watch for bullish reversal signals such as hammer candles or bullish engulfing near ₹24,189. Action Plan: Entry: Long near ₹24,189 with a confirmed reversal signal. Target: ₹24,300 and ₹24,355. Stop Loss: Below ₹24,150 to manage risk. Risk Management Tips for Options Trading Trade with limited risk strategies like vertical spreads or butterfly spreads to minimize premium losses. Monitor implied volatility and avoid buying options in high IV environments to prevent premium erosion. Always hedge directional trades, especially near pivotal resistance or support zones. Avoid over-trading; focus on quality setups rather than quantity. Keep risk per trade within 1-2% of your capital to preserve equity. Summary and Conclusion Nifty is approaching critical zones, with ₹24,650-₹24,692 as the profit booking/supply area and ₹24,189 acting as the last swing support. Adherence to key levels and disciplined execution will be critical for navigating intraday moves. Let price action confirm the direction before entering trades. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Kindly perform your research or consult a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY Trade Setup for Tuesday (03-Dec-2024)NSE:NIFTY Post Market Analysis by Srinivas Vemula NIFTY Weekly Outlook Economic Events : USA Jobless Claims Data ( November 30) India RBI Policy Repo Rate (06-Dec-2024) Institutional Bias - Bearish ( NIFTY FUTURES) Institutional Framework - Price Reversal Institutional Reference Data Points - Premium Arrays Institutional Price Delivery - ERL(BSL) to IRL( SSL) ERL - External Range Liquidity IRL - Internal Range Liquidity BSL - Buy Side Liquidity SSL - Sell Side Liquidity Premium Arrays Bearish Order block (H4) Buy Side Liquidity (W1/H4) Bearish FVG (H4) Discount Arrays: Bullish Breaker (H4) Bullish Mitigation (M15)
NSE:NIFTYShort
by chartology369
NIFTY : Levels and Plan for 03-Dec-2024Trading Plan for Nifty - 03-Dec-2024 Previous Day’s Chart Pattern Analysis: On 02-Dec-2024, Nifty witnessed significant volatility after finding support from the mentioned support level and could manage to close near high. The index seeing resistance at 24,413, indicating profit booking near this level, while support was observed at 24,204, suggesting buyer accumulation. The yellow trend in the chart reflects sideways consolidation, green lines represent bullish moves, and red lines indicate bearish patterns. For today, the key zones from the chart will play a crucial role in determining market sentiment. Opening Scenarios for 03-Dec-2024: Scenario 1: Gap Up Opening (100+ Points Above 24,275) If Nifty opens with a significant gap up above 24,375, monitor whether it sustains above the 24,413 Resistance/Support for Sideways. - Action Plan: - If the price stays above 24,413, look for bullish momentum towards the 24,483 Last Resistance for Intraday. Enter long positions with a target of 24,483, maintaining a stop-loss at 24,326. - If Nifty fails to sustain above 24,413, a pullback towards 24,326 Opening Resistance/Support Zone is possible. Observe price action here before taking new trades. - Risk Management Tip: Avoid chasing the market if the gap up is too steep, as it might lead to profit booking. Opt for spreads or hedge your positions with options. Scenario 2: Flat Opening (Near 24,275) In case of a flat opening around 24,275, focus on the Opening Resistance/Support Zone at 24,326. - Action Plan: - If Nifty breaks above 24,326 with strong volume, initiate long trades targeting 24,413, and then 24,483. Keep a stop-loss at 24,204 Opening Support. - Conversely, if the price struggles to break 24,326 and slides below 24,275, a test of 24,204 is likely. In such a case, short positions can be considered with a target of 24,087, keeping a stop-loss at 24,326. - Risk Management Tip: Allow the first 15-30 minutes for market stability to avoid false breakouts. Use options to trade breakouts conservatively. Scenario 3: Gap Down Opening (100+ Points Below 24,275) A gap-down opening below 24,175 would bring 24,087 Support Zone into focus. - Action Plan: - If the index holds above 24,087, expect a bounce towards 24,204 Opening Support. This could be an ideal point to go long with a stop-loss at 23,964. - If Nifty breaches 24,087, further downside towards 23,964 is probable. In this case, short positions can be initiated with targets of 23,964, maintaining a stop-loss at 24,204. - Risk Management Tip: In a bearish scenario, avoid aggressive trades and use protective puts to limit downside risk. Risk Management Tips for Options Trading:/b] Position size should be limited to 2% of your capital per trade. Use options strategies like Iron Condors or Bull Put Spreads to manage risk in volatile conditions. Always hedge directional trades with protective options to avoid heavy losses during sudden reversals. Summary and Conclusion: Today's trade revolves around key levels at 24,413, 24,326, and 24,204. Bullish scenario: Sustained trades above 24,413 could lead to higher targets of 24,483. Bearish scenario: A breakdown below 24,087 may open the door for further weakness towards 23,964. Sideways scenario: Consolidation is likely between 24,204 and 24,326, requiring patience for a breakout. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Traders are advised to conduct their research or consult a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 2nd DecemberNifty opened with a gap-up on Friday, took support after filling gap and we seen a good rally. For today, buy Nifty if sustains above 24190 we expect to see an up-move towards 24240 and above levels. On the other side, if Nifty breaks 24050 on the downside we may see 24000 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24190 Sell Below - 24050 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
The Nifty spot intraday forecast for December 02, 2024Market Outlook for Nifty Spot on December 02, 2024 Morning Movement: Likely to see an upward move in the morning hours. A potential drop of around 300 points is anticipated later. Key Levels to Watch: Resistance: Strong resistance at 24,330. If this level is broken, Nifty spot could rise to 24,385, provided there is no gap opening on either side. Support: On the downside, support levels are at 23,947 and 23,831. Overall Sentiment: The Nifty is expected to close on a bearish note. Disclaimer: These views are for educational purposes only. Please use your own technical analysis for entry and exit decisions. Always trade with a stop-loss to manage risks effectively.
NSE:NIFTYShort
by Mastersinnifty
NIFTY : Levels and Plan for 02-Dec-2024Nifty 50 Trading Plan for 02-Dec-2024 On 01-Dec-2024, Nifty traded in a well-defined structure, oscillating between the Golden Retracement Zones for buyers and sellers. The market displayed a Change of Character (CHoCH), with price initially retesting the buyer's support zone near 23,786 before reversing toward the seller's resistance zone at 24,413. Key levels such as 24,250 and 24,112 acted as dynamic Opening Support/Resistance levels. The chart also highlighted a Yellow Zone for sideways movements, Green Zones for bullish trends, and Red Zones for bearish scenarios. Detailed Trading Plan for 02-Dec-2024 Gap-Up Opening (Above 24,250, up to 100+ points) If Nifty opens with a gap-up beyond 24,250, it will enter the Opening Resistance Zone. In this scenario: Watch for rejection near 24,413 or higher. If rejection is confirmed, initiate short positions targeting 24,250 as the first support and 24,112 for extended profits. For sustained bullishness, monitor an hourly candle close above 24,413. If this occurs, consider long positions with a target at the Profit Booking Zone around 24,483. Avoid chasing trades immediately after the gap-up. Allow prices to stabilize for 15–30 minutes to validate the trend. Flat Opening (Near 24,112 to 24,130 range) In case of a flat opening, the Opening Support/Resistance at 24,112 will be critical: If prices sustain above 24,112 with strong buying, consider initiating long positions, targeting 24,250 and 24,413. If Nifty fails to hold 24,112, expect a test of 24,030 (Buyer's Opening Support) and potentially 23,940 (Last Support for Intraday). Use tight stop losses when trading near the flat opening zone due to potential whipsaws. Gap-Down Opening (Below 24,030, down to 100+ points) A gap-down opening near or below 24,030 would signal bearish sentiment: Observe buyer activity near 23,940. If support holds, initiate longs with targets of 24,030 and 24,112. If 23,940 is breached, expect further downside toward 23,832 or even 23,786, the Buyer's Support for sideways action. Manage risk effectively by waiting for hourly candle confirmation in case of volatile downward moves. Risk Management Tips for Options Traders Trade options with a defined stop loss and avoid overleveraging. Use spreads (e.g., Bull Call Spread or Bear Put Spread) to reduce premium outflows and limit risk. Monitor implied volatility (IV) levels, as sudden changes can impact option premiums significantly. Summary and Conclusion Nifty's key levels for 02-Dec-2024 include 24,413 (Profit Booking Zone), 24,250/24,112 (Critical Opening Support/Resistance), and 23,940/23,786 (Key Buyer Support Zones). Focus on hourly candle confirmations for validating breakouts or breakdowns. Stay cautious during initial market volatility and align trades with the prevailing trend as highlighted by the Yellow (sideways), Green (bullish), and Red (bearish) zones. Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
The Nifty Spot direction for the month of December 2024If you listen, you might forget. If you see, you will remember. Presenting the Nifty Spot Daily/End-of-Day Trend Forecast for December 2024. Pay close attention to the calculated turning dates and their directions, as these insights can guide traders in making informed decisions. Please note that price levels may vary, as the primary focus is on timing and trend direction. In summary, December 2024 appears to be a bearish month for the Nifty. My Timing Analysis provides valuable insights to help traders closely assess market direction. If you are a trader, do not trade without Stop-Loss.
NSE:NIFTYShort
by Mastersinnifty
Nifty moments for option and future trading 02/Dec/2024Nifty moments for option and future trading 02/Dec/2024 follow us for more updates information. message us for any stocks related information WELCOME TO ARROWINDEX We're dedicated to providing you the best of Finance stock market , with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online.We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts .We hope you enjoy our Finance stock market as much as we enjoy offering them to you.Support and offering Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for:- Intraday trading,Swing trading,Scalping,Position trading Future & Delivery trading Technical analysis Fundamentals analysis Fii & Dii data and reports
NSE:NIFTY
by ARROWINDEX