The Nifty spot intraday trend forecast for December 09, 2024According to my analysis, On December 09, 2024, the Nifty spot may begin with a Gap up opening and the intraday trend looks bullish till 1.30pm then may likely to take a sideways momentum. The Nifty may close on a bullish note. Technical confirmation is a must and trade with strict Stop-Loss.
The information provided here is only for the educational purposes.
Niftytradesetup
NIFTY Surges 900+ Points: Massive Gains Unlocked!NIFTY on the 1-hour timeframe displayed an exceptional bullish momentum, achieving 900+ points in profit so far. This long trade setup, captured using the Risological Swing Trading Indicator , has already hit TP1 and TP2, with the remaining targets likely to be reached soon.
NIFTY Key Levels:
TP1: 24204.50 ✅
TP2: 24786.30 ✅
TP3: 25368.10 🔄
TP4: 25727.65 🔄
NIFTY Technical Analysis:
The trade initiated at 23844.95 with a stop-loss at 23554.05, providing an excellent risk-to-reward ratio.
The price consistently respected the Risological trend line, confirming the strength of the uptrend. Both TP1 and TP2 have been achieved, showcasing the precision of the system.
The breakout above key resistance levels hints at a continuation towards the upper targets.
This setup reflects how effectively the Risological Swing Trading Indicator identifies profitable opportunities with minimal risk.
Namaste!
#NIFTY Intraday Support and Resistance Levels - 06/12/2024Nifty will open gap up in today's session. Expected opening near the 24800 level. After opening if nifty starts trading and sustain above 24800 level then expected upside rally upto 25000 level in today's session. Downside 24550 level becomes strong support for nifty. Any major downside rally only expected below 24450 level.
NIFTY : Trading Plan and levels for 06-Dec-2024Trading Plan for Nifty – 06-Dec-2024
Intro to the Previous Day's Chart Pattern:
On 05-Dec-2024, Nifty exhibited a volatile session but from the level (excatly where I mentioned in yesterday's trade pan) a significant rally towards the Wave C completion zone but a huge volatility in the prices seen in the last trading hour, . A sharp rejection from this zone reinforced bearish pressure, driving the index back to the Opening Support/Resistance zone at ₹24,697 . The chart highlighted three critical zones:
Red Trend: Bearish resistance around Wave C completion ( ₹25,050 ).
Yellow Trend: Sideways consolidation in the Opening Resistance Zone (₹24,882–₹24,697) .
Green Trend: Bullish momentum originating from the Initial Support Zone (₹24,412) .
Trading Plan for 06-Dec-2024
Gap Up Opening (+100 Points):
If Nifty opens above ₹24,882 , it will likely face immediate resistance at the Wave C completion zone (₹25,050) .
Action Plan:
Look for bearish rejections or reversal candlestick patterns near ₹25,050 . A failure to sustain above this level indicates a shorting opportunity, targeting ₹24,697 and ₹24,412 .
If Nifty sustains above ₹25,050 for at least two 15-minute candles, it signals a breakout. Go long, aiming for ₹25,300 and ₹25,450 .
Risk Management Tip:
Use a trailing stop-loss once the trade moves in your favor. For options, consider selling OTM puts below ₹24,700 to benefit from time decay.
Flat Opening (Near ₹24,697):
A flat opening will test the Opening Support/Resistance zone (₹24,697) .
Action Plan:
If Nifty holds above ₹24,697 , expect a bullish move towards ₹24,882 . Breakout above this level can lead to ₹25,050 .
Failure to sustain ₹24,697 could drag Nifty towards the Initial Support Zone (₹24,412) . Monitor for price rejection at ₹24,412 for potential long entries.
Risk Management Tip:
For flat openings, avoid aggressive entries. Let the first 30 minutes establish the trend, then act accordingly. Use spreads (e.g., bull call spreads) to cap your risk in options.
Gap Down Opening (-100 Points):
A gap-down opening near ₹24,412 or below will test key supports.
Action Plan:
If Nifty finds support at ₹24,412 , look for bullish price action. Enter long positions targeting ₹24,697 and ₹24,882 .
If Nifty breaks ₹24,412 , the next critical zone lies at ₹24,224–₹24,142 . Watch for signs of demand in this deep retracement zone for potential reversals.
Risk Management Tip:
In case of high volatility, trade with reduced position sizes. Use iron condors or straddles to take advantage of elevated option premiums during gap-down scenarios.
Summary and Conclusion:
Resistance Levels: ₹24,882, ₹25,050
Support Levels: ₹24,697, ₹24,412, ₹24,224
Key levels to watch: A breakout above ₹25,050 or a breakdown below ₹24,412 will dictate intraday momentum.
Use proper risk management strategies like trailing stop-losses and avoid over-leveraging in volatile markets.
Disclaimer:
The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your own research or consult a financial advisor before making any trading decisions. Markets involve risk; trade responsibly.
PROVEN STRATEGY FOR PROFITSThe Truth About the Holy Grail Market Strategy
Every trader dreams of finding that perfect strategy—the so-called "Holy Grail" that guarantees success. The one that wins every trade, beats every market condition, and transforms your account overnight.
Here’s the secret: it doesn’t exist.
Why do we chase it, then? Because we’ve been conditioned from a young age to believe there’s always a right answer. In school, careers, and life, we’re taught to strive for perfection and fear mistakes. This mindset slips into trading, where losses feel like personal failures instead of natural steps in the process.
Unfortunately, this is also why strategies claiming "100% accuracy" get so much attention. They feed into our hope of finding that mythical Holy Grail. People flock to these posts, hitting like, commenting, and even buying courses—all based on a fantasy. And the creators? They profit off this hope, knowing full well that no strategy is foolproof.
The reality is, trading isn’t about being right. It’s about being consistent. The pros aren’t chasing Holy Grails—they’re managing risk, mastering probabilities, and playing the long game.
If you’re stuck in the trap of searching for perfection, stop and ask yourself: Am I being sold a dream instead of learning the skills that matter?
Success in trading doesn’t come from avoiding losses but from mastering how to lose small and win big. Once you realize that, you’ll stop chasing myths and start building something real.
✨ Forget the Holy Grail. Focus on discipline, probabilities, and growth. ✨
FOLLOW ME FOR MORE SUCH CONTENT AHEAD
Till then,
HAPPY TRADING :)
Nifty Intraday Trade Setup | 5th DecemberNifty opened with a gap-up and gave more up-move in morning, our buy level triggered and Nifty went near 24575 but then we saw a knee jerk reaction and Nifty lost more than 200 points from day high so as per setup SL was taken out.
For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24540
Sell Below - 24410
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
#NIFTY Intraday Support and Resistance Levels - 05/12/2024Gap up opening expected in nifty near 24550 level. After opening if nifty starts trading above 24550 level then expected strong upside rally upto 24750 level. 24350-24550 zone will act as a consolidation zone for today's session. Any major downside only expected below 24350 level.
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.
NIFTY Trade Setup for Wednesday (04-Dec-2024)NSE:NIFTY
Key Notes:
NIFTY FUTURES OI Data is Bullish Bias.
Previous day, Price closed at Demand (M15) zone.
Price is looking for Buy Stops at the premium zone.
There are cluster of Institutional bearish reference levels to hold the price.
If there is a gap up opening today, price must break the bearish reference level.
If price fails to break even with gap up, Price will like to take U turn from bearish levels.
#NIFTY Intraday Support and Resistance Levels - 04/12/2024Gap up opening expected in nifty near the 24550 level. 24450-24550 zone will act as a consolidation zone for today's session. Nifty will give strong upside rally if it's starts trading and sustain above the 24550 level. This rally can goes upto 24750+ level in today's session. Any major downside expected below the 24450 level.
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
Nifty Intraday Trade Setup | 4th DecemberNifty opened with a gap-up and after giving an opening fall towards 24280, we saw a bounce and Nifty made a high around 24480. As per trade setup posted for today, buy trade triggered above 24340 and both the targets 24390 and 24430 successfully done.
For tomorrow, 24500 - 24525 will be crucial zone to watch. Buy Nifty if sustains above 24540 we expect to see an up-move towards 24600 and above levels. On the other side, if Nifty breaks 24380 on the downside we may see 24330 and lower levels marked the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24540
Sell Below - 24380
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
On December 12, 2024 the Nifty view is BullishUnlike price-level forecasts, time-based analysis allows us to anticipate market trends well in advance. Based on my analysis, I have a bullish outlook on the Nifty for December 12, 2024. Regardless of where the Nifty's price lands, the intraday trend on that date is expected to be bullish.
Please note that this is purely my perspective and not a recommendation to buy or sell. Use this information for educational purposes only, and always trade with a stop-loss in place.
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.
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)
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.
NIFTY Intraday Trade Setup (02-Dec-2024)NSE:NIFTY
Institutional Framework : Expansion Phase
Institutional Bias : Bullish (Nifty Futures)
Institutional Price Delivery : IRL to ERL (MMXM Buy model)
Institutional Reference Points :
Sell Side Liquidity (MT1)
Inverse FVG(D1)
Bullish Mitigation(H4)
Bullish Breaker (M15)
Sell Side Liquidity(M15)
The Nifty spot intraday forecast for December 03, 2024Nifty intraday trend for December 03, 2024 is bullish. Intraday Turning points are approximate. The price is not part of the forecast since calculations relate Time. Intraday levels may vary based on the price gaps on the either side.
Technical confirmation for entries and exits is a must and do not trade with stop-loss.
The information provided is only for the educational purposes.
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
#NIFTY Intraday Support and Resistance Levels - 02/12/2024Gap up opening expected in nifty near 24300 level. After opening it will face an immediate resistance at this level. After opening if nifty starts trading above 24350 level then possible strong bullish rally towards the 24550 level. Downside 24050 level will act as strong support for today's session. Any major downside rally only expected below this support level.