Niftytrend
#NIfty50 Outlook for upcoming week 9-13th Dec, Nifty Rallies, Bu
The Nifty 50 index concluded the week on a high note, closing at 24,677, a significant 550-point surge from the previous week. The index oscillated wildly, touching a high of 24,857 and a low of 24,008. As predicted, the index faced selling pressure around the 25,000 level, a critical resistance zone that triggered a downward trend in late October.
For the upcoming week, the Nifty is expected to trade within a range of 24,100 to 25,000. A sustained break above 25,000 could propel the index towards 25,250. However, a pullback to retest support levels is likely before the next upward move.
Meanwhile, the S&P 500 index gained 1% to close at 6,090. Key resistance levels for the S&P 500 are 6,142 and 6,225, while support levels are 6,013 and 5,963.let's see if US market this week also support world market or not.
NIFTY : Trading Plan and Levels for 09-Dec-2024Nifty Trading Plan for 09-Dec-2024
Previous Day's Chart Pattern:
On 08-Dec-2024, Nifty displayed a range-bound movement within the No Trade Zone (24,674 – 24,780) , with intermittent attempts to break out on both sides. Buyers showed interest near the liquidity zone around 24,484 , but resistance at 24,780 capped upward momentum. The yellow zone signified consolidation, green highlighted bullish efforts, and red depicted bearish dominance. This creates a balanced yet cautious outlook for the next trading session.
Trading Plan for 09-Dec-2024:
Gap-Up Opening (+100 points or more above 24,780):
If Nifty opens above 24,780:
The immediate target will be 24,878 . A sustained move above this level may lead to a test of the profit-booking zone at 25,053 .
Enter long positions above 24,780 with a stop loss at 24,730 . Watch for rejection patterns near 24,878 for partial profit booking.
In case of a sharp reversal from 24,878, the index could retrace toward 24,780. Avoid aggressive longs if rejection occurs at higher levels.
Risk Management Tip: Opt for slightly OTM call options in small quantities. Use trailing stops to secure profits near resistance zones.
Flat Opening (Within the No Trade Zone 24,674 – 24,780):
A flat opening within the No Trade Zone requires patience:
If Nifty breaks above 24,780, initiate longs with targets of 24,878 and 25,053 .
On the downside, a fall below 24,674 can lead to a retest of the first buyer’s support at 24,484 . Initiate shorts cautiously with a stop loss above 24,700.
Risk Management Tip: Avoid overtrading in a sideways zone. Wait for clear breakouts before taking positions. Avoid weekly options in choppy zones.
Gap-Down Opening (-100 points or more below 24,674):
If Nifty opens below 24,674:
First support lies at 24,484 . If this zone holds, we may witness a reversal toward 24,674. Look for bullish candles to confirm long entries.
A break below 24,484 will likely test the liquidity zone at 24,446 or deeper support at 24,374 – 24,338 . Enter shorts below 24,484 with a stop loss near 24,500.
Risk Management Tip: For gap-down scenarios, consider put options with a spread strategy to limit losses. Avoid chasing price movements without confirmation.
Summary and Conclusion:
Nifty's key levels to monitor are 24,674 – 24,780 (No Trade Zone), 24,878 (Opening Resistance), and 25,053 (Profit Booking Zone).
The green zones represent bullish trends, yellow highlights consolidation, and red indicates bearish zones.
Focus on executing trades only after confirmation and manage risks with disciplined stop-loss placements.
Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their research or consult a financial advisor before trading.
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.
Bank Nifty December 2024Bank nifty now all most recovery your down trend may be bullish next week plz use stop loss and properly,
support zone to market reverse u can trade only bullish trend for support line
follow the trend,
bank nifty 200EMA all ready cross may be try for reverse for 200ema line then trend move for bullish
VBL swing trade | visit chart for detailsHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
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.
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Nifty Intraday Support & Resistance Levels for 06.12.2024On Thursday, Nifty opened positively but saw early selling pressure, dropping to a day low of 24295.55, precisely taking support at the 30m Demand Zone highlighted earlier. A strong rally followed, pushing it to a day high of 24857.75, entering the Daily and Weekly Supply Zones. It closed at 24708.40, gaining an impressive 241 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, indicating a bullish tilt.
Demand/Support Zones
Near minor 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
Mother Father and small child theory proven right again. The moves that we saw in Nifty today were volatile, insane, bullish. Bears tried their best to stem the rally but Bulls won big with Mother line on daily chart providing / confirming support and giving ashirwaad. The low for Nifty was 24295 the high was 24857. The candle moved violently between the 2 extreme points. Mother line gave proper support and pulled Nifty up again closing the day at 24708. Again proving that when Mother and Father line give support or ashirwad there can be no stopping.
Support for Nifty remain at : 24385 (Strong Mother line support), 24295, 23936 and 23607 (Father line). Below 23607 Nifty can fall again in bear grip.
Resistances for Nifty remain at : 24723, 24857, 25036 and 25212. Above 25212 Nifty will be totally in Bull grip.
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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.
Waiting for 24540 area break NSE:NIFTY
I am not SEBI registered :) This is not a trading advice.
An upward break and close above the 24,540 level could signal more upside, indicating strong buying momentum and a potential continuation of the uptrend.
Let me know your thoughts or if you have any suggestions/questions.
#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 Intraday Support & Resistance Levels for 05.12.2024On Wednesday, Nifty opened on a positive note, reaching a high of 24573.20, breaking above the 75m supply zone and testing the Weekly supply zone. However, selling pressure pushed it to a low of 24366.30. Nifty eventually closed at 24467.45, gaining 10 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral outlook.
Demand/Support Zones
Near Demand/Support Zone (30m): 24300.05 - 24348.35
Near Demand/Support Zone (30m): 24140 - 24187.05
Far Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (Tested)
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
Review and plan for 5th December 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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 Support & Resistance Levels for 04.12.2024On Tuesday, Nifty opened positive, touched a low of 24280, and rallied to a day high of 24481.35, entering the 75m supply zone. It closed at 24457.15, gaining 181 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral bias in the short term.
Demand/Support Zones
Near Demand/Support Zone (30m): 24300.05 - 24348.35
Near Demand/Support Zone (30m): 24140.00 - 24187.05
Far Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support: 23189.88 (61.8% FIBO)
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 (tested)
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
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.