NIFTY 450+ Points Profit Short Trade: A Perfect Execution The NIFTY (15-minute timeframe) chart highlights a well-executed short trade setup, delivering exceptional precision and profitability. Using the Risological Trading Indicator , traders were able to navigate this trade seamlessly.
Trade Highlights:
Entry Point : Positioned at 24,207.85, following a strong bearish signal confirmed by the downward Risological Lines and swing trendline alignment.
Targets Achieved : All targets were successfully hit:
TP1: 24,128.20
TP2: 23,999.25
TP3: 23,870.30
TP4: 23,790.60
Stop-Loss: A tight SL at 24,272.35 ensured disciplined risk management.
Key Observations:
Risological Lines : The collapsing Risological Red lines indicated strong bearish momentum, guiding traders to confidently hold the short position.
Momentum Continuation : Steady selling pressure confirmed the trade's directional strength, allowing all targets to be met efficiently.
Conclusion:
This trade on NIFTY showcases the power of technical analysis and precise execution. The well-structured risk-to-reward ratio made this short trade an outstanding success. Traders leveraging the Risological Indicator reaped impressive intraday profits—yet another win for technical discipline!
Niftytrend
NIFTY Bears Dominate! 200+ Points Intraday Profit BaggedNIFTY Intraday Short Trade Analysis:
The NIFTY 15m timeframe revealed a strong short trade setup, capitalizing on bearish momentum. As of 12 Nov, 1:17 PM, the trade has already hit TP1 (24128.20) and TP2 (23999.25), delivering over 170+ points profit intraday – a remarkable gain for a single session!
Trade Snapshot:
Entry: 24207.85
Stop Loss (SL): 24272.35
NIFTY Targets:
TP1: 24128.20 ✅
TP2: 23999.25 ✅
TP3: 23870.30
TP4: 23790.60
Key Highlights:
Massive Intraday Momentum : The trade leveraged a steep bearish trend, with prices moving sharply downward.
Confluence of Signals : The short setup aligned perfectly with a downward sloping RISOLOGICAL Lines and bearish candlestick patterns, validating the move.
Quick Scalping Opportunity : The quick descent to TP2 within a short timeframe exemplifies the strategy’s efficiency for intraday traders.
Profit Perspective:
This setup's 200+ points profit intraday is a massive score for NIFTY, offering traders an exceptional risk-to-reward ratio. The move towards TP3 and TP4 looks probable, with continued bearish sentiment driving prices further down.
Conclusion:
A picture-perfect short trade setup on NIFTY has already delivered stellar returns. Traders riding this wave are poised for even greater profits as the index inches toward its lower targets. Keep an eye on the next support levels!
#NIFTY Intraday Support and Resistance Levels - 13/11/2024Today will be flat opening in nifty. After opening important level for nifty is 23800 level. In case nifty gives breakdown of this level and starts trading below 23750 then possible strong downside movement upto 23500 level in today's session. Upside 24000 level will act as a strong resistance for the nifty.
NIFTY : Levels and plan for 13-Nov-2024Intro:
On **12-Nov-2024**, the Nifty 50 index saw consolidation in the lower zone, with strong support around the "Must Try Zone" and signs of buyer activity. Moving forward, we have identified key levels for potential bullish, bearish, and sideways movements. Yellow trends indicate potential sideways movement, Green trends represent a bullish outlook, and Red trends show bearish sentiment.
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Trading Plan for 13-Nov-2024
**Gap Up Opening (100+ points):**
If the market opens with a significant gap up beyond 24,100 , watch for immediate resistance at 24,395 . If Nifty sustains above this level, we may see a bullish rally toward the next resistance level at 24,464 . However, if selling pressure emerges, expect the index to pull back to the "Opening Resistance" zone around 23,986 , where buyers might attempt to regain control.
**Flat Opening:**
In case of a flat opening near 24,025 , monitor the initial price action closely. If Nifty sustains above this level, a test of the "First Resistance Zone" around 24,361 is likely. Breaking this resistance could lead to a rally up to 24,423 or even the "Last Resistance Zone" at 24,464 . Failure to break through 24,361 could result in a retracement to the "Important Buyer’s Support" at 23,825 .
**Gap Down Opening (100+ points):**
A gap down opening below 23,767 would place the market within the "Important Buyer’s Support" zone. Here, a strong buyer presence could lead to a rebound toward 23,986 . If this level holds, an upward move back to the "Opening Resistance" is possible. However, if the index falls below 23,582 , it could signal further bearishness, targeting the "Possible Bottom Zone" around 23,504 .
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Risk Management Tips for Options Trading:
- Limit your position size, especially near key resistance or support levels where reversals are more probable.
- In volatile market scenarios, consider using stop-loss orders based on hourly closes to avoid unnecessary stop-outs due to intraday volatility.
- Avoid entering trades in the "No Trade Zone" as highlighted on the chart, as these areas lack clear trend direction and increase the risk of whipsaw movements.
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Summary & Conclusion:
For 13-Nov-2024 , key levels to watch are 24,395 for resistance on the upside and 23,582 for critical support on the downside. Price action within the "Important Buyer’s Support" zone could dictate market direction. Green trends indicate potential bullish moves, Red trends signal bearish opportunities, and Yellow trends suggest caution with possible sideways action.
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Disclaimer: I am not a SEBI-registered analyst. This analysis is based on my personal trading strategy and psychological theory. Please perform your analysis or consult a financial advisor before making any trading decisions.
---
Happy trading!
#NIFTY Intraday Support and Resistance Levels - 12/11/2024Nifty will open slightly gap up in today's session. After opening it will face resistance at 24250 level. Possible reversal from this level upto 24050. But in case nifty starts trading and sustain above 24300 then possible strong bullish rally upto 24550 level in today's session. Major downside expected below 24000 level.
Nifty is trapped between Mother line and trend line resistance. Nifty is trapped between Mother line and trend line resistance. The comeback that Nifty made from lows of the day was good. Today's low was 24004 from there the Nifty closed at 24141. The resistance on the way up for Nifty currently seem to be at 24221 (Mother line 50 Hours EMA), 24339, 24541, 24587 (Major Father line resistance 200 hours EMA) and 24700. Supports for Nifty remain at 24086, 24004 and finally 23816. 23816 is a major major support right now holding it from a major few hundred or even a thousand point fall. All is good till we do not get a closing below this point. Shadow of the candle right now looks neutral to positive.
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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.
Buy Moving average intraday stocks tomorrow 12/11/2024Stock recommendation:-
Buy Moving average intraday stocks for tomorrow
follow for update and information.
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NIFTY : Levels and Strategies for 12-Nov-2024Intro:
In the previous session, Nifty traded within a defined range, testing key levels without strong directional movement. We observed a sideways trend (yellow) near 24,122 - 24,171 , while the bullish trend (green) highlighted potential resistance points, and the bearish trend (red) indicated key support zones. Today's session will focus on reactions near these levels to identify any possible breakouts or breakdowns.
Opening Scenarios:
Gap Up Opening (100+ Points Above)
If Nifty opens above the 24,171 level, it may initially face resistance in the First Resistance Zone at 24,327 - 24,361 . A breakout above this weak resistance level could open the path to the Last Resistance for Intraday at 24,423 . Further strength above 24,423 could lead to a move toward the Profit Booking Zone at 24,530 - 24,601 .
Traders may consider long positions if the price sustains above 24,327 , aiming for targets at the higher resistance zones, but they should exercise caution if Nifty struggles to hold above 24,361 .
Conservative traders might look for pullbacks near support levels before entering long positions.
Flat Opening
In the event of a flat opening around 24,122 , the No Trade Zone 24,100 - 24,171 should be monitored closely. Price movement within this zone could indicate consolidation.
A breakout above 24,171 could signal bullish intent, leading to targets at 24,327 - 24,361 . Conversely, a breakdown below 24,100 might drive the index toward the Buyer’s Support at 23,988 .
Flat openings generally suggest patience, so traders may wait for a breakout from the No Trade Zone before initiating positions.
Gap Down Opening (100+ Points Below)
If Nifty opens below 24,100 , it may find support in the Buyer’s Support Zone around 23,988 . If this support holds, a recovery move back towards 24,100 is likely. A failure to hold above 23,988 could bring Nifty down to the Buyer’s Must Try Zone (Do or Die) at 23,828 - 23,777 .
Traders might look for shorting opportunities if Nifty breaks below 23,988 , with a target near the Buyer’s Must Try Zone. Alternatively, a bounce from the Buyer’s Support level could provide a chance for long trades towards 24,100 .
In gap-down scenarios, trading with a cautious mindset is crucial, and it’s often wise to wait for clear price action signals before entering trades.
Risk Management Tips for Options Trading:
Use appropriate stop-loss levels ( 24,100 , 24,327 , 24,423 ) to safeguard against unexpected moves.
Limit position sizes to manage potential risks, particularly during volatile conditions.
Consider using options spreads, like debit or credit spreads, to cap potential losses while still allowing for profit.
Avoid chasing trades in the No Trade Zone; wait for confirmed breakouts or breakdowns to enter options positions.
Summary and Conclusion:
The key levels to watch for 12-Nov-2024 are 24,171 (No Trade Zone upper boundary), 24,361 (First Resistance Zone), and 23,988 (Buyer’s Support). Observing price action near these levels can provide trading opportunities. Manage risks carefully, especially in options, to navigate through volatile market conditions effectively.
Disclaimer:
I am not a SEBI-registered analyst. This trading plan is based on technical analysis and personal insights. Traders should conduct their own analysis or consult a certified financial advisor before making any trading decisions.
Arrowindex : Nifty50 & banknifty level and moments for 12/11/202Arrowindex :
Nifty50 & banknifty level and moments for 12/11/2024
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.
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We hope you enjoy our free services related to 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.
NIFTY : Levels and Trading Plan for 11-Nov-2024
Nifty Trading Plan – 11-Nov-2024
Intro:
On the previous trading day, Nifty exhibited a mix of sideways and bearish trends, giving us valuable support and resistance zones. The yellow trend zones indicated periods of sideways movement, green zones showed bullish momentum, and red zones highlighted bearish pressure. We’re seeing strong resistance at 24,437 (Last Resistance for Intraday) and crucial support levels around 23,970 (Best Buy Zone for Buyers). Here’s how to approach the 11-Nov session based on potential market openings.
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Trading Plan for All Opening Scenarios:
Gap Up Opening (100+ Points):
- If Nifty opens with a gap up above the First Resistance for Trend Reversal at 24,327, observe if it sustains above this level for the first 15-30 minutes.
- Bullish Scenario: A sustained move above 24,327 can trigger a bullish trend toward the Last Resistance for Intraday at 24,437. If it continues its momentum, target the Sideways Zone/Resistance for Retracement at 24,714 as the next potential upside. Enter with caution, aiming to buy on retracements toward the 24,327 level.
- Bearish Scenario: If it fails to hold above 24,327 and dips back, expect a retracement toward the Opening Support zone around 24,164. Aggressive traders can look for short entries below this level with a target back toward the Best Buy Zone at 23,970.
Flat Opening:
- If Nifty opens flat around the 24,110 mark, wait for the price to settle for 15-30 minutes before taking any positions.
- Bullish Scenario: A move above the First Resistance at 24,288 can give bullish momentum with targets toward 24,327 and potentially 24,437. Enter long positions if prices show strong support around 24,288.
- Bearish Scenario: If Nifty breaks below the Opening Support level at 24,106, it could signal weakness, with targets around the Best Buy Zone at 23,970. Look for short entries if price action confirms bearish sentiment below 24,106.
Gap Down Opening (100+ Points):
- A gap down opening below 24,000 could lead to initial volatility. Monitor how it behaves around the Best Buy Zone for Buyers at 23,970.
- Bullish Scenario: If Nifty holds above 23,970 and shows signs of a reversal, consider going long with targets around the Opening Support level at 24,106.
- Bearish Scenario: If selling pressure continues and Nifty breaks below 23,970, expect a deeper pullback toward the Do or Die Level for Buyers at 23,728. Look for short opportunities if it sustains below 23,970 with a strict stop loss above the 23,970 level.
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Risk Management Tips for Options Trading:
- Use limited-risk strategies such as spreads to control risk.
- Set stop losses based on daily candle close to avoid getting stopped out by intraday volatility.
- Adjust position sizing based on your risk tolerance; avoid over-leveraging.
- Consider exiting positions near target levels rather than waiting for exact points. Options premiums can decay quickly.
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Summary and Conclusion:
The market structure suggests key levels to watch for support and resistance. If Nifty sustains above key resistance at 24,327, it could lead to a bullish move, while a breach below support at 23,970 could prompt further downside. Be patient, wait for confirmation at each level, and manage risk effectively.
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Disclaimer:
I am not a SEBI-registered analyst. This plan is for educational purposes only. Please conduct your analysis or consult a financial advisor before making any trading decisions.
#Nifty50 outlook for upcoming week 11-15th Nov 2024Nifty Weekly Recap: A Tug-of-War Continues
The Nifty 50 index concluded the week at 24,148, marking a 150-point decline from the previous week's close. It oscillated within a tight range of 24,537 and 23,816, as predicted. While the VIX index shows signs of cooling down, the Nifty is expected to trade between 24,700 and 23,550 , with a potential breakout on either side. The weekly candle suggests a balanced market, with no clear direction.
A Cautionary Tale from the Monthly Chart
However, the monthly chart paints a different picture. The current pattern bears a striking resemblance to the one observed between April and June 2022. If history repeats itself, the Nifty could face another downward spiral, potentially testing support levels of 23,250 and 21,555. To regain its bullish momentum, the index must decisively close above 24,550, a feat that seems challenging in the current market conditions.
US Markets: A Bullish Run Fueled by Trump's Reelection
The S&P 500 index soared to an all-time high weekly close of 5,995, reaching a peak of 6,012 and a low of 5,696. Trump's reelection has ignited a rally in the US market, propelling it to new heights. For further upside, the index must sustain above the crucial 6,013 Fibonacci level. If it manages to do so, it could target 6,142, 6,225, 6,376, 6,454, 6,520, or even 6,568.
Impact of US Markets on India
The question remains: How will the US market's bullish run impact Indian equities? As investors closely monitor global cues, the Nifty's trajectory will depend on a delicate balance of domestic factors and international sentiment.
NIFTY50 NOV 14 WEEKLY ANAYISISThe market is currently in a downtrend, showing a clear decline in price action with lower highs and lower lows.
Traders might interpret this as a sign🕒 of weakening investor confidence, often influenced by economic factors or profit-taking after previous gains.🤔
📉 In a downtrend, it’s essential to exercise caution, especially with long positions, as the trend Managing risk is key, as sudden reversals can happen.
Monitoring market sentiment and technical indicators can help identify a potential reversal or further bearish continuation.🚀
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#NIFTY Intraday Support and Resistance Levels - 08/11/2024Slightly gap up opening expected in nifty. After opening if nifty starts trading above 24300 and sustain above this level then possible strong upside bullish rally upto 24550 level in today's session. Below 24250 expected negative side in index upto 24000 level.
NIFTY : Trading Levels and Plan for 08-Nov-2024Previous Day’s Chart Overview:
On 07-Nov-2024, Nifty displayed a bearish movement with opening tick , with a clear consolidation phase after the breaking mentioned support zone. The chart highlights significant levels for both support and resistance that are likely to influence price movements on 08-Nov. The Yellow trend represents the sideways movement, the Green trend indicates a bullish scenario, and the Red trend shows potential bearish paths.
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Trading Plan for 08-Nov-2024
Gap Up Opening (100+ points):
If Nifty opens above 24,358.00 (Opening Resistance) and holds, look for buying opportunities on pullbacks near this level. A sustained move above could target 24,460.00 , the next intraday resistance.
Should Nifty face resistance near 24,460.00 and fail to break above, consider short opportunities for a quick pullback to 24,358.00.
Watch for a potential breakout above 24,460.00 which could trigger a move towards the 24,643.00 – 24,714.00 zone, where sideways resistance may impact the uptrend. Book profits or trail stops in this range.
Flat Opening (within ±50 points):
If Nifty opens near 24,190.60 and finds support above 24,174.95 (Opening Support) , consider long positions targeting 24,358.00 (Opening Resistance) .
A failure to hold 24,174.95 could signal weakness; watch for a potential test of 24,106.25 (Best Buying Level) , a strong support level for intraday buyers.
If Nifty consolidates between 24,174.95 and 24,106.25, remain cautious with small trades until a clear breakout or breakdown occurs.
Gap Down Opening (100+ points):
If Nifty opens near or below 24,106.25 (Best Buying Level) , observe if it finds support. A strong buying interest here could provide an opportunity to target the 24,174.95 - 24,190.60 zone.
A breakdown below 24,106.25 may lead to a bearish trend toward 23,970.00 , the next critical support level. Traders can consider short positions here with strict stop-losses.
If Nifty tests and breaks below 23,970.00 , the next “Do or Die” level for buyers is at 23,700.00 , where a trend reversal may occur if supported by volume.
Risk Management Tips for Options Trading:
Always use stop-loss orders, especially when trading near resistance and support levels.
Limit your position size to a maximum of 2-3% of your total capital to manage risk efficiently.
For option trades, consider hedging strategies such as spreads or using out-of-the-money options to minimize premium risks in volatile markets.
Summary & Conclusion:
Tomorrow’s market could present significant trading opportunities given the current setup, especially around key support and resistance zones. Be cautious near the “Do or Die” level for buyers at 23,700.00, as it may lead to a trend reversal. Focus on risk management to protect capital in volatile conditions.
---
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only and should not be considered as investment advice. Please consult a financial advisor before making trading decisions.
Nifty unable to break Hourly Channel top corrects. Nifty had reached channel top of the downward channel on hourly chart and was clearly not able to defeat it as evident in the chart and corrected wiping all the gains from yesterday's trump rally. Can it make one more effort to claim the channel top and defeat it is the question. Supports for Nifty remain at 24179, 24073 and 23816. Below 23816 the bears will feel empowered and can drag Nifty down to 23500 or 23200 levels. Resistances on the upper side remain at 24262 (Mother line resistance of 50 hours EMA), 24504, 24559 and finally father line of 200 Hour EMA at 24650.
This will remain a volatile week with major shift in global policies and realignments, FED Rate decision and other Geopolitical events. Keep an eye on situation in the Middle East and Ukraine, Russia front. Positive news will have again empower bears and give another rally like Trump rally seen yesterday. Shadow of the candles is Neutral to negative again. Bond yield, Gold, Silver, Dollar index, Crude can remain volatile while NASDAQ and Dow are in the Optimistic curve. November month will in general will remain volatile and next one week will decide the fate of Indian markets. With FIIs still on selling side and DII on buying side looks like things will remain topsy turvy for Indian markets.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only and views are personal. 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.
#NIFTY Intraday Support and Resistance Levels - 07/11/2024Slgihtly gap up opening expected in nifty near 24500 level. After opening important level for nifty is 24550. In case nifty starts trading above this level then possible strong bullish rally upto 24800 level occurs in today's session. Downside 24350 level will act a strong support for the session. Any major downside expected below this level.
NIFTY : Trading Levels and Plan for 07-Nov-2024Trading Plan for Nifty - 07-Nov-2024
Intro:
On the previous trading day, Nifty displayed a strong bullish movement, trading near resistance zones and showing signs of potential reversals. The key levels for today's session include the profit booking zone at 24,841 , opening resistance at 24,583 , and opening support around 24,407 . The chart’s yellow trend lines indicate potential sideways movement, green represents bullish scenarios, and red highlights bearish trends.
Opening Scenarios:
Gap Up Opening (100+ Points Above):
If Nifty opens with a gap up above 24,583 , closely monitor price action around the 24,781 - 24,841 profit booking zone. A strong breakout above 24,841 could indicate further bullish momentum, creating an opportunity for long entries with a stop-loss below 24,583 .
However, if resistance at this level holds, expect a retracement towards 24,583 . This can signal a potential reversal, allowing for short trades targeting the opening support near 24,407 .
Flat Opening:
If Nifty opens near 24,493 , focus on the levels at 24,583 (opening resistance) and 24,407 (opening support). Observe these zones for directional clues:
A move above 24,583 could test the profit booking area ( 24,781 - 24,841 ), creating a favorable long opportunity.
A rejection at 24,583 could suggest a sideways trend between 24,583 and 24,407 . In this range-bound scenario, consider small scalp trades with defined stop-losses.
Breaking below 24,407 may drive the index lower, with a potential target at 24,273 (buyer’s support at retracement).
Gap Down Opening (100+ Points Below):
If Nifty opens below 24,407 , look for support around 24,273 . A bounce from this level may provide an opportunity for a quick recovery trade towards 24,407 .
Should 24,273 fail to hold, bearish pressure could take Nifty towards 24,160 or even the last buyer's support at 24,108 . This scenario would favor short positions with stop-losses above immediate resistance.
If Nifty rebounds above 24,407 post-gap down, look for a potential pullback rally targeting 24,583 .
Risk Management Tips for Options Trading:
Define stop-loss levels based on critical support/resistance areas ( 24,583 , 24,407 , 24,273 ) to limit risk.
Avoid aggressive trades during high volatility; keep position sizes manageable.
Use hedged strategies, such as spreads, to control premium outlay and reduce risk.
Continuously trail stop-losses in favor of the trend to secure partial profits.
Summary and Conclusion:
The main levels to watch for Nifty on 07-Nov-2024 are 24,583 (opening resistance), 24,407 (opening support), and 24,273 (buyer’s support). Stay vigilant around these areas to capture potential breakout or reversal trades, and adhere to disciplined risk management in options trading to safeguard against volatility.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is based on technical observations and personal insights. Please perform your due diligence or consult with a financial advisor before taking any trading actions.
Most Global Markets Welcome Donald TrumpMarkets breathed a sigh of relief it seems on the victory of Donald Trump and rallied crossing important trend line hurdle. Now 2 important resistance remain to be conquered before Bulls can claim victory over bears. The next likely resistance levels that bulls will face will be at 24537 and Mother line resistance at 24748. (50 days EMA). Once that is crossed the next likely resistance will be at 25000 and 25217. Supports for Nifty on the lower side seem to be at 24333, 24170, 23816 and finally Father line at 23519 (200 days EMA). Below 23519 in unlikely circumstances the Nifty will fall again in Bear clutch and bear can potentially drag it down to 23201 or 22820. (currently this looks unlikely). Shadow of the candle right now is neutral to positive.
NIFTY Soars Higher – All Eyes on Key Targets on RisologicalNIFTY Index Analysis:
NIFTY’s long trade setup on the 15-minute timeframe has already hit TP1 at 24,403.10. With positive momentum, we are now looking for it to reach the next targets, with TP2, TP3, and TP4 firmly in sight.
NIFTY Key Levels:
Entry: 24,178.95
Stop Loss (SL): 23,997.55
NIFTY Targets:
TP1: 24,403.10 (Achieved)
TP2: 24,765.90
TP3: 25,128.65
TP4: 25,352.85
Technical Indicator Confirmation:
The Risological Dotted Trendline continues to show a bullish trend, supporting further upward movement towards TP2 and beyond.
With TP1 already achieved, NIFTY traders should stay alert as we anticipate further gains towards the remaining targets.
Watch closely for potential breakthroughs at each level!
#NIFTY Intraday Support and Resistance Levels - 06/11/2024Gap up opening possible in nifty near 24300 level. After opening if nifty starts trading above 24350 level then this bullish rally can extend upto 24500 level. Below 24300 level possible downside movement upto 24050 support level. Above 24500, Nifty will indicating strong bullish rally in upcoming sessions.
Has Nifty Bottomed Out??Long term chart of Nifty is still in uptrend. Recent event of US election has caused some turbulence in the market. Though market has not fallen much (Its just 9% from the top).
People are getting impatient.
Nifty is near 200 day moving average.
Nifty has formed Tweezer bottom pattern near its support.
I think nifty has bottomed out at least for some time now. And its fantastic opportunity to Add NIFTY ETF.