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Niftytrend

Nifty50 Important levels and analysis - 12 Dec 2024After a 10-11% correction the Nifty50 found support at 23250 on 21 Nov 2024 which now acts as a stop-loss for Long term investors. It broke the sloping trend-line on 25 Nov 2024 with a gap-up open, finding resistance at 23350 retraced to 23850 and then made a strong up move, this formation is a ideal setup for Swing Traders, who might have taken a trade at 24350 with a stop-loss at 23850. Next smaller resistance was at 24540 which it broke convincingly on 5th Dec 2024. But over this past one week, that strong move from 23250 has fizzled a little, which until yesterday was alright but today's 12 Dec 2024 bearish candle indicator re-tracement back to 24350. Even though the market is in Rally mode, Level 24753 needs to be broken convincingly for this trend to continue. But it may take some effort as this level (24750) was the base level of the head and shoulder pattern that had formed over Sept-Oct. I am expecting sideways moves in the near term, in the range of 24350 to 24750, but will turn bearish if 24350 support is broken. And bullish only if 24750 is broken with good volumes Disclaimer: This is purely educational and part of my learning, I cannot provide any recommendations, just my educated analysis based on my experience, please consult a financial/investment advisor (which i am not) for any investment/trades.
NSE:NIFTY
by Mukadam
Trendline sending Nifty in consolidation mode. Trendline sending Nifty in consolidation mode for last few days. The positive thing is that Nifty is still holding above 50 hours EMA which we call Mother Line. The Mother line is at 24545 and the closing we got today is 24548. So Mother line still remains support. There is an additional support at 24500 too in addition to Father line which is 200 Hours EMA is also a very important support. Father line is at 24364. Below 24364 Nifty will become weak again and we can see it fall to the levels of 24100, 23907 and 23187. Resistances for Nifty remain at 24723, 24904, 25240 and finally 25514. 25514 will be a strong resistance. If we get a closing above 25514 Bulls have potential to grip the market very firmly and take it to previous highs if not new highs. 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:NIFTYLong
by Happy_Candles_Investment
1
NIFTY : Trading Plan and levels for 12-Dec-2024NIFTY Trading Plan for 12-Dec-2024 Intro: Review of 11-Dec-2024 Plan vs Actual The trading plan for 11-Dec-2024 outlined key levels such as the Bullish Order Block (24,655–24,607) and the Liquidity Zone (24,820). As predicted, the market respected the "No Trade Zone" initially, followed by consolidation in the Liquidity Zone. The sideways movement highlighted by the yellow trend prevailed, with no significant breakout or breakdown occurring during the session. The Profit Booking Zone at 25,053 remained untouched. This demonstrates the importance of waiting for clear confirmation before executing trades. Today's updated chart builds upon these levels and provides actionable insights for 12-Dec-2024 based on anticipated price movements. Opening Scenarios and Plan for 12-Dec-2024 Gap Up Opening (+100 points or more above 24,652): If the market opens above 24,750: Resistance Zone: Immediate resistance remains at 24,820 (Liquidity Zone). Price could either consolidate here or witness selling pressure. Monitor price action for clear breakout signals. Action Plan: Avoid long entries near the Liquidity Zone unless a breakout above 24,940 is confirmed. Short positions can be initiated on rejection from 24,820, targeting 24,652. Alternate Scenario: Sustained movement above 24,940 indicates bullish momentum, with targets at the Profit Booking Zone (25,053). Yellow trend highlights a cautionary approach in consolidation zones. Flat Opening (Near 24,629–24,652): If the market opens flat: No Trade Zone: Expect price to oscillate within 24,629–24,652, indicating indecisiveness. Avoid trading in this range. Bullish Scenario: A confirmed breakout above 24,652 with a retest offers long opportunities, targeting the Liquidity Zone at 24,820. Bearish Scenario: A breakdown below 24,541.65 suggests bearish momentum, with potential shorts targeting Buyer’s Strong Support at 24,374–24,338. Yellow trend signals limited movement; wait for breakouts for better trades. Gap Down Opening (-100 points or more below 24,541.65): If the market opens below 24,450: Support Zone: The critical support lies at 24,374–24,338, aligning with Buyer’s Strong Support near the CHoCH level. Action Plan: Look for reversal signs near the support zone to initiate long trades with a tight stop loss below 24,300, aiming for 24,541.65. Alternate Scenario: If this support fails, avoid aggressive longs and wait for stabilization before entering. Red trend suggests bearish momentum; trade cautiously. Tips for Risk Management in Options Trading Use predefined stop losses to cap potential losses. For example, place stops below 24,541 for bullish trades and below 24,300 for reversal trades. Avoid trading during the first 15 minutes to allow for market direction to emerge. For option buyers, select ATM or slightly ITM options to reduce the impact of time decay. Maintain a 1:2 or higher risk-reward ratio to ensure consistent profitability. Position sizing should align with your risk tolerance to handle volatile price swings. Summary and Conclusion The NIFTY index remains in a consolidation phase with critical levels identified for bullish and bearish scenarios. Liquidity Zone (24,820) and Buyer’s Support (24,374–24,338) are key areas to monitor for actionable trades. Avoid trading in indecisive zones and wait for clear breakouts or breakdowns. Effective risk management remains crucial, especially in volatile markets. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please conduct your own research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Good consolidation by Nifty. Getting ready for another jump?The positive close today and the movement inside the star is indicative of a small or medium jump before it takes another break for consolidation if Nifty can continue to hold ground and close above critical resistance of 24743. Crossing and closing above 24743 is very important for this to happen. If we get a closing above 24743 the next resistances will be at the levels of 24904, 25240 and 25514. 25514 region looks again like a strong resistance zone which will require another consolidation or strong Bullish momentum to cross that zone. If Nifty is not able to close above 24743 then the current rally can become weak or we can even see fizzling out of the same. In such a scenario the supports for Nifty will be at 24422 (50 EMA Strong Mother line support on daily candle chart), 24294 and 24100. Below 24100 there is a strong support zone between 23907 Star base support, 23648 (200 days EMA very strong Father line support on daily chart), 23187. (Which is a very very strong support as it has the star bottom coinciding with Channel bottom support.)(This seems to be the worst case scenario as of now in unlikely circumstances). If you want to learn more about charts, Candle stick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand behavioural Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. The link to purchase the book is available at the bottom of this page in the signature section. 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:NIFTYLong
by Happy_Candles_Investment
NIFTY : Trading Plan and levels for 11-Dec-2024Trading Plan for Nifty on 11-Dec-2024 Intro for the Previous Day's Chart Pattern : On 10-Dec-2024, Nifty exhibited a mixed trend with a sharp shift in demand zones. The chart revealed a significant buyer's support near the CHoCH (Change of Character) level, with a consolidation phase observed in the "No Trade Zone." The yellow trend marked sideways action, while green and red trends indicated bullish and bearish movements, respectively. The index also faced resistance in the liquidity zone, signaling profit-booking scenarios. Trading Plan for 11-Dec-2024 : Gap-Up Opening (+100 points or more above 24,620): A gap-up opening above 24,720 would position the index near the liquidity zone. Traders should: Wait for the first 15-30 minutes to observe price stability. If Nifty sustains above 24,780 (liquidity zone), initiate long trades targeting 24,891 (Resistance/Profit Booking Zone). Place a stop loss below 24,652 (Opening Resistance/Support Zone) on a closing basis. If prices face rejection near 24,820 , wait for a bearish hourly candle to confirm a downside move towards 24,680 . Avoid aggressive buying in the resistance zone. Flat Opening (near 24,620): A flat opening suggests indecision. Plan of action: Let the market settle for 15-30 minutes within the "No Trade Zone." Breakout above 24,652 can lead to bullish momentum, targeting 24,780 and higher. Breakdown below 24,541 could initiate bearish moves targeting 24,374 and 24,338 . Risk management is crucial here; tight stop losses are essential to avoid unnecessary losses. Gap-Down Opening (-100 points or more below 24,620): A gap-down opening near 24,500-24,480 will likely test the buyer's strong support zone around 24,374 . Actions to consider: If Nifty holds above 24,374 , initiate long trades for a reversal, targeting 24,541 (Opening Support Zone). If the index breaches 24,338 , prepare for further downside with targets at 24,280 . Wait for clear rejection or reversal patterns to confirm your entries. Avoid panic-selling in bearish moves. Tips for Options Trading Risk Management: Trade with defined stop losses and avoid holding positions beyond your risk appetite. Use "ATM" (At-The-Money) options for quicker returns in trending markets. For sideways trends, prefer strategies like straddle or strangle. Avoid over-leveraging, and never risk more than 2-3% of your trading capital on a single trade. Summary and Conclusion: Nifty's movement on 11-Dec-2024 will hinge on its ability to sustain critical zones like 24,652 and 24,374 . While green trends indicate bullish potential, red trends signal caution for bearish moves. Adhering to risk management principles and waiting for clear price action confirmation will enhance your trade quality and reduce unnecessary losses. Disclaimer: I am not a SEBI-registered analyst. All information provided is based on personal research and is for educational purposes only. Traders should perform their own analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
1
Nifty Intraday Support & Resistance Levels for 11.12.2024On Tuesday, Nifty opened on a slightly positive note, bulls took over during the first hour, reaching a high of 24677.80. However, it couldn’t sustain the momentum and dropped to a day low of 24510.65. A late-session recovery saw it close at 24610.05, losing just 9 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, indicating resilience in the short term. Demand/Support Zones Near Demand/Support Zone (15m): 24295.55 - 24376.65 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPal
Mother Line supported Nifty to bounce back from day's low. Nifty made a high of 24677 but then felt heat of the resistance and fell over 167 points until Mother Line supported Nifty to bounce back from day's low. Nifty closed flat to slightly negative at 24610. Closing -8.95 points in the negative. Closing above Mother line again is a positive sign with indices like Realty, IT, PSU Banks, Metal, Finance, MNC, FMCG, services ending in the positive. The laggard indices were PSE, Auto, Pharma, Consumption, Capital Goods, meida, infra and Energy. Nifty Supports remain at: 24584, 24501 (Mother line support of 50 Hours EMA), 24328 (Father Line support of 200 Hours EMA), 24172 (Mid channel support), 24005 and finally 23869 closing below which bears can take control of Nifty. Nifty Resistances remain at: 24641, 24693, 24759, 24858 and finally 24981 (Chanel top resistance) Above 24981 closing there can be another massive bullish breakout in Nifty. 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:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 10.12.2024On Monday, Nifty opened on a negative note, fluctuating within a narrow range yet again. It marked a high of 24705 and a low of 24580.05, before closing at 24619, losing 58 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, suggesting potential for upward momentum. Demand/Support Zones Near Demand/Support Zone (15m): 24295.55 - 24376.65 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPal
NIFTY : Trading Levels and Plan for 10-Dec-2024Trading Plan for Nifty 50 – 10-Dec-2024 Intro: On the previous trading day, Nifty witnessed a mix of consolidation and momentum shifts. The Liquidity Zone around 24,767 acted as a crucial resistance level, while support near 24,541.65 helped stabilize the index. The chart shows a No Trade Zone between 24,626.60 and 24,652.35, indicating indecisiveness. A clear trend above or below this range will dictate the next move. Yellow signifies sideways movement, green shows bullish potential, and red highlights bearish breakdowns. Opening Scenarios: Gap-Up Opening (+100 Points): If Nifty opens near 24,767 or higher, it will test the Opening Resistance . This level aligns with the Liquidity Zone observed previously. Action Plan: A breakout above 24,767 could push the index toward the Profit Booking Zone at 25,053. Enter long positions only if the first 15-minute candle closes above 24,767, with a stop loss at 24,652.35. If rejection occurs at 24,767, expect a pullback toward 24,652.35. Short positions can be considered below 24,767, targeting the No Trade Zone. Risk Management Tip: Avoid aggressive positions at key resistance zones. Use limited-risk strategies like debit spreads to manage exposure. Flat Opening: If Nifty opens near 24,652.35, it enters the No Trade Zone . This is a neutral region, and waiting for a clear breakout or breakdown is recommended. Action Plan: A breakout above 24,652.35 can lead to a bullish move toward 24,767. Initiate long positions with tight stop losses at 24,541.65. A breakdown below 24,626.60 could trigger bearish momentum, targeting 24,541.65. Consider short trades in this scenario, with stop losses at 24,652.35. Risk Management Tip: Avoid overtrading in consolidation zones. Use trailing stop losses to secure profits during volatile phases. Gap-Down Opening (-100 Points or More): If Nifty opens near 24,541.65 or lower, it will test the Opening Support or even the Buyer's Strong Support near 24,338. Action Plan: Watch for a bullish reversal near 24,338. If the price sustains above this level, initiate long positions targeting 24,541.65. Use 24,300 as a stop loss. A breakdown below 24,338 could lead to a bearish continuation toward 24,200. Short positions can be initiated in such cases, with stop losses above 24,338. Risk Management Tip: In gap-down scenarios, prioritize hedged strategies like iron condors to mitigate large swings. Summary & Conclusion: Resistance Levels: 24,767 , 25,053 Support Levels: 24,541.65 , 24,338 , 24,200 A breakout or breakdown from the No Trade Zone will set the directional bias for the day. Traders should remain cautious and avoid emotional trading. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor or conduct independent research before trading.
NSE:NIFTYLong
by LiveTradingBox
Nifty still consolidating after hitting the channel top. Nifty is in consolidation mode after making hitting the channel top last week. Nifty is also squeezing between support and resistance trend line with very less space remaining for maneuvering. Thus a big move on either side can be expected in a day or two. Positive movement continued in Mid and Small cap indices. The sectors that remained positive on Monday were IT, PSUs, Realty and Metals. The laggard sectors were Auto, Media, FMCG, PSU banks and Energy. The supports for Nifty are at: 24584, 24507, 24467 (Mother line support of hourly candle), 24307 (Father Line support of hourly candle), 24172 (Mid channel support) and finally 23869. Below 23869 the Nifty will become very weak. The Resistance for Nifty remain at: 24641, 24759, 24858 and finally 24961. (24961 will be the channel top resistance). Link to by my book on stock market investing is given in the signature section in this message below. 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
NIFTYNSE:NIFTY WAIT and Watch! Could be Tricky!!!!! lets see, Fingers crossed. Note : 1. One should go long with a StopLoss, below the Trendline or the Previous Swing Low. 2. Risk :Reward ratio should be minimum 1:2. 3. Plan your trade as per the Money Mangement and Risk Appetite. Disclamier : You are responsible for your profits and loss. The idea shared here is purely for Educational purpose. Follow back, for more ideas and thier notifications on your email. Support and Like incase the idea works for you.
NSE:NIFTY
by CreativeCreature
2
Riding the Correction: Unlocking NIFTY’s Next Chapter!Dear Traders, I hope this message finds you well in your trading endeavors and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift. The recent upward movement & the following correction in the market have unfolded as anticipated. Over the past two months, my analysis has consistently pointed to an expected correction due to market overvaluation and distinct completion patterns. Technical Analysis Overview: There are three potential scenarios for the ongoing trend, ranked based on their likelihood of occurring. Scenario I: The move initiated from 20 MAR’23 – 27 SEPT’24 (16,828.35 – 26277.35) has spanned over 80 weeks (18M) and indicates a significant completion of wave patterns, suggesting an imminent correction. See the visual representation of the trend lines and corresponding fib retracement levels here: The correlation between static supports can be observed around 23,893.70 and 21,181.45. This correction is expected to be visible within a 3-month timeframe. Potential support levels include S – I: 24,893 ~ 24,753 ~ 24,430 levels, S – II: 24,050 ~24,000 levels and S – III: 23,683 levels. *These values are not actual but just levels The correction might extend to deeper levels (22,664 & 21,550) as the market progresses. Time resistances are anticipated on 09th OCT, 17th OCT, and 30th OCT for all probable scenarios. --------------- Scenario II: The move from 26 OCT’23 – 27 SEPT’24 (18,837.85 – 26,277.35) has completed mid-way and is expected to continue after this correction, potentially reaching unprecedented levels. Find the visual representation of this move with trend lines & fib retracements here: The range of this move is limited to the monthly timeframe, indicating the completion of 1 year from the start of this sub-trend. Potential support levels include, S – I: 24,525 ~ 24,378 levels, S – II: 23,900 ~ 23,893.70 levels and S – III: 23,450 levels. --------------- Scenario III: The move from 04 JUN’24 – 27 SEPT’24 (21,121.45 – 26,277.35) has almost completed its half journey and is facing a correction before extending its uptrend by a few more waves. While this scenario has the lowest probability compared to the others, it is essential to consider its potential impact on the current trend. The pictorial representation can be seen here: Further details are not added as the market actions till now does not validate this probability. --------------- Other Influential Factors: Geo-political tensions and concerns regarding escalation have historically preceded corrections prior to the US presidential elections, indicating a prevailing bearish sentiment. Tensions in the Middle East have also contributed to the market plunge, albeit not solely responsible for it. Additionally, the FED's likely rate cuts have been influenced by the upcoming US elections, and SEBI's regulatory actions aim to curb over-optimism and maintain market neutrality. Important Dates to Remember: Mark your calendars for OCT 9th (RBI interest rate decision @ 10AM) and OCT 10th (US inflation reports). --------------- Final Verdict: While the scenarios are meticulously laid out, the selection of the valid scenario remains a work in progress. We are eagerly awaiting further cues from the market and will provide updates as they unfold. However, one thing remains certain – the current trend has reversed (at least for the mentioned time frames). Therefore, adopting a bearish stance could prove to be profitable. --------------- Strategy: Considering the current market conditions, adopting a bearish stance seems prudent, especially levels around 24,450 ~ 24,000 are to be tested. Keep a close watch on the market and stay informed for potential opportunities. Disclaimer: Before concluding, I must underscore that the insights shared are based on my analysis. It is imperative for you to conduct your research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial goals and risk tolerance. Fellow Traders, Countless hours of dedication and effort have gone into creating this valuable analytical resource. If you find it useful, I humbly ask for your support by boosting the idea and following me (updates will be made via this post, new post & through minds) . Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article, Your readership is greatly appreciated. Wishing you profitable and joyful trading!!!
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan