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NIFTY trade ideas

Reverse H&S formation in 15 minute chart of Nifty on cards.Usually we do not look at chart with less than 1 hour candles but an interesting pattern is forming which can yield us a fresh bullish move in Nifty so I am presenting it today. If Nifty manages to stay above 24109 and can close above 24189 we can have a fresh bullish rally in Nifty which can see it pivot very fast as high as 24538. with resistances at 24270, 24348, 24423 and finally 24538. The important levels will be the support at 24109 and resistance at 24189. Other than 24109 (which is the mother lie for 15 minute chart) important supports will be at 24124, 24063, 24024 (which is father line of 15 minute chart). Below 24024 Nifty will become weak again and Bears can then drag it to 23962 or even 23874 again. Again the important levels to watch for the next week on resistance side will be 24189 and on support side will be 24109 and 24024 (Mother and Father lines on 15 minute chart). This is what we can read from ultra short term chart of Nifty on 15 minute candle. To know more about the Mother, Father and Small child theory, trend lines, supports and resistances read my book The Happy Candles Way to Wealth creation. In this book you will get to learn about Techno-Funda investment. Many reviewer who have read the book consider it as a hand book of investment. You can check the reviews on Amazon and google Play book. The book is available on amazon in Paperback and kindle version. E-version of the book also available on Google Play books too. 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
Nifty Intraday Support & Resistance Levels for 29.11.2024On Thursday, Nifty opened flat, hit a high of 24345.75, and then saw a sharp decline below 24000, making a low of 23873.35 as it tested the 15m demand zone. It closed at 23914.15, losing 360 points from the previous close. Breaking below the key 24100 support (3-day low) triggered a strong downward move, dragging Nifty over 200 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling caution. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 (tested yesterday) Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24257.65 - 24354.55 Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 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
NSE:NIFTY
by PriteshPal
NIFTY (PO3) A++ Bearish Setup Power of 3 Strategy (PO3) also know as AMD Strategy This strategy has three primary phases 1. Accumulation 2. Manipulation 3. Distribution (Range Expansion) Key elements 1. HTF PD Array 2. Daily Open 3. Fibonacci Price Projection Tool 4. Standard Deviation ( -2 to -2.5 ) Process 1. Accumulation is where big players accumulate large quantity of shares forming a range bound price consolidation. 2. Manipulation is where big players move price against their intended direction towards nearby HTF PD Array with a standard Deviation of -2 to -2.5 to sweep the liquidity to for order pairing. 3. Distribution is the real momentum where retail traders enter along with big players and ride the trend with range expansion.
NSE:NIFTY
by chartology369
NIFTY (PO3) A++ Bearish Setup Power of 3 Strategy (PO3) also know as AMD Strategy This strategy has three primary phases 1. Accumulation 2. Manipulation 3. Distribution (Range Expansion) Key elements 1. HTF PD Array 2. Daily Open 3. Fibonacci Price Projection Tool 4. Standard Deviation ( -2 to -2.5 ) Process 1. Accumulation is where big players accumulate large quantity of shares forming a range bound price consolidation. 2. Manipulation is where big players move price against their intended direction towards nearby HTF PD Array with a standard Deviation of -2 to -2.5 to sweep the liquidity to for order pairing. 3. Distribution is the real momentum where retail traders enter along with big players and ride the trend with range expansion.
NSE:NIFTY
by chartology369
Nifty levels and targets for tomorrow 29/Nov/2024Nifty Prediction for 29th November 2024 Nifty bank levels and targets for tomorrow. follow for more update and information On the November expiry day, the benchmark index Nifty50 extended its losses, closing at 23,914.15 with a 1.49% decline, weighed down by weakness in IT and auto stocks. The market sentiment was dampened by concerns stemming from U.S. inflation data, which signalled a slower-than-expected trajectory for future rate cuts—a factor that particularly impacted the IT sector. On the daily chart, the Nifty erased earlier gains, filling the gap from the election results day. However, it managed to hold key support levels around the Middle Bollinger Band and a horizontal trendline. Technical indicators such as RSI and MACD remain on a positive trajectory, suggesting a favorable outlook in the near term. Traders are advised to closely monitor global events, foreign institutional investor (FII) activity, and rollover data to better understand the market's direction in the upcoming series. On the downside, the index has strong support at 23,800 and 23,650 levels, while resistance is expected at 24,100 and 24,350 levels.03:56 PM
NSE:NIFTY
by ARROWINDEX
NIFTY : Analysis and Levels for 29-Nov-2024 On the previous trading day, Nifty exhibited a significant shift in momentum. A Change of Character (ChoCH) was observed, indicating a possible transition between bullish and bearish phases. The index traded near the golden retracement zones, showing both buyer and seller activity. The yellow trend represents a sideways market, green signals a bullish trend, and red indicates bearish sentiment. After a consolidation, NIFTY has shown a significant trending move on last trading session, so most probably nifty can trade sideways or in a range on Friday, but based on the chart, I have prepared trading plans for three possible opening scenarios: Gap Up, Flat, and Gap Down openings. Gap Up Opening (+100 points or more above ₹23,957) Resistance Focus (₹24,112-₹24,250): If Nifty opens above ₹24,057, it will directly test the golden retracement zone for sellers. Watch for bearish patterns, such as shooting stars or evening stars, in this area. If selling pressure emerges, initiate a short position. Action Plan: Entry: Short below ₹24,200 after confirmation of rejection. Target: ₹23,957 (the current close) and ₹23,807 (demand zone). Stop Loss: Above ₹24,300 to manage risk. Breakout Potential (₹24,250+): If Nifty breaks above ₹24,250 with strong volumes, it may head toward the Resistance Zone (₹24,544-₹24,656). Consider a long trade upon breakout confirmation. Action Plan: Entry: Long above ₹24,250 after a 15-minute candle close. Target: ₹24,544 and ₹24,656. Stop Loss: Below ₹24,100 to safeguard against false breakouts. Flat Opening (Near ₹23,957) Golden Retracement (₹24,112): If the market consolidates around ₹23,957, wait for a decisive move. The immediate focus will be the golden retracement zone at ₹24,112. Action Plan: Entry: Long above ₹24,112 if the price breaks this level with volume. Target: ₹24,250 and ₹24,544. Stop Loss: Below ₹23,900 to minimize risk. Demand Zone (₹23,807): If Nifty fails to sustain above ₹23,957, it could test the Golden Retracement Zone for Buyers (₹23,807-₹23,497). Look for bullish reversal patterns in this zone for long entry. Action Plan: Entry: Long near ₹23,807 if bullish candles like hammers form. Target: ₹23,957 and ₹24,112. Stop Loss: Below ₹23,497 to protect against breakdowns. Gap Down Opening (-100 points or more below ₹23,957) Demand Zone Test (₹23,807-₹23,497): If Nifty gaps down and opens near or below ₹23,807, focus on the demand zone. This zone is critical for potential reversals. Action Plan: Entry: Long near ₹23,807-₹23,497 after confirming bullish patterns. Target: ₹23,957 and ₹24,112. Stop Loss: Below ₹23,497 to limit losses. Breakdown Scenario (Below ₹23,497): A breakdown below ₹23,497 signals strong bearish momentum. Short positions can be taken if confirmed by volume and candle patterns. Action Plan: Entry: Short below ₹23,497 after confirmation. Target: ₹23,300-₹23,100. Stop Loss: Above ₹23,600 to avoid unnecessary risks. Risk Management Tips for Options Trading Limit your position size to ensure no single trade risks more than 2% of your capital. Use hedging strategies, such as buying protective puts or selling covered calls, to offset potential losses. Avoid trading during the first 15-30 minutes of market opening, as this period is highly volatile. Monitor implied volatility (IV) for options and select contracts with reasonable premiums to avoid overpaying. Summary and Conclusion This trading plan is designed to cater to multiple scenarios, ensuring you're prepared regardless of the market's direction. The key lies in observing critical levels like ₹24,112 and ₹23,807 and waiting for confirmation before entering trades. Remember: Yellow trends indicate sideways movement, green signals bullish momentum, and red shows bearish sentiment. Stick to the plan, respect stop losses, and prioritize capital preservation. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult with your financial advisor or conduct your analysis before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY S/R for 29/11/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NIFTY
by zenthosh
Nifty 50 at - Make or Break LevelNSE:NIFTY upside Targt 1000 Points Downside Target 2000 Points Nifty is Trading at Make or Break Level. Nifty Filled Downside Gap on Daily Chart Pending UnFilled Upside Gap on Daily Chart Today's Low is important & Deciding for the Next Move Resistance @ 22537.60 Above This target is the Unfilled Gap Support @ 23263.15 Below this will see Fall till Election Result Candle Rsi not Supportive & Down Tick Stochastic Downtick & NCO Triggered Ema_50 & Ema_100 Still Holding & Showing Uptrend But Gap Between Two Reduced Significantly. Once Crossunder Happened then Down Side Will Confirm. Lets See .. Where We Will Go Last Month Closing & Yearly Closing is on Card for coming Month. As Per Monthly Chart Evening Star is formed & this Month Candle is Follow up Candle Confirmed Trend Reversal.if Trades Below Monthly Low will Panic for Short Term. As of Now, indecision candle is Formed for November Month , yet one day is Pending to Close Monthly Candle . Its Interesting trading Ahed
NSE:NIFTY
by dixitsoham7
2024 Nifty Advance forecast and Real Time comparisonBased on my mathematical calculations, I advised investors to exercise caution and refrain from making aggressive lump sum investments starting in July 2024. In mid-December 2023, I had forewarned clients about a potential market decline expected to occur anytime from July 2024 onwards. While there has been a delay in the anticipated correction, clients who heeded this advice stayed away from the market, preserving their capital—a testament to the principle that "a penny saved is a penny earned".
NSE:NIFTY
by Mastersinnifty
1
key levels to watch in the current market setupIn my previous post, I highlighted the formation of an H&S pattern and mentioned that a rally could occur around the 23,000 level. Once that target was reached, a rebound was expected, and indeed, the market has bounced back. However, as long as the market remains below the 24,500 level on a daily close, we can expect a drop to around 21,900, which represents the 38% retracement of the recent rally. Ultimately, the market could head towards the 19,000 handle, which aligns with the 50% retracement. Downtrends are often sharp and volatile across various asset classes, so buying into dips may not be the most effective strategy. It's better to wait for the market to consolidate at key levels before making any entries. Remember, the markets are always there, and patience can often yield better opportunities.
NSE:NIFTYShort
by ShivkumarMenon