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NIFTY trade ideas

Nifty chart explains Mother-Father & Small Child theory and RSICurrent Nifty daily chart explains Mother-Father & Small Child theory and RSI very well have a look. As we can see and explained in my previous articles in Smart Investment as well as my book, The Happy Candles Way to wealth creation available on Amazon in Paperback and kindle version. The book in E-version is also available on Google Play books. Every time and again Nifty for cooling down from the overbought zone, consolidation, finding support and finding bottom in case of a bear market looks towards taking blessing or ashirwad from mother regularly and father some times. Wherein we call 50 EMA the Mother, 200 EMA of the father and movement of the candle sticks as movement of a 3 year old kid who is moving in a garden. The theory has been explained in depth in my previous articles and books but what you read above is in a nutshell. This time as there were serious issues related to FIIs selling continuously, issues regarding inflation, consumption and domestic demand being weak we saw a steep correction in Nifty from its high. The global issues like escalating Iran Vs Israel tensions, US elections, Ukraine Vs Russia war again gaining momentum also played a spoilsport for bulls along with new episode of Adani saga. The correction might not be over we do not know for sure where the exact top and exact bottoms are but we can predict zones that can provide resistance and supports accurately. Mother and Father lines we consider major supports and well as major resistances. They are major and most important supports if price of the particular stock or index is above the lines and they will be major resistance if the price of the stock is below them. On Friday we got a strong closing above the 200 days EMA which means if we get a follow up bullish candle on Monday and index continues to sustain above 200 days EMA things can go North in favour of Bulls. If Bulls can manage to get a closing above 50 days EMA or mother line the rally can enter a very strong zone. Another noteworthy point is that Nifty also hit a near channel bottom support as well as RSI also hit an oversold zone. Thus getting a positive closing to next week and further extending the closing above Mother line will be very important going forward. Supports for Nifty remain at 23542(Strong Father line Support), 23259, 22801 and 22139. Resistances on the upper side are 23965, 24259, 24417 (Strong Mother line resistance) and 24909 before we again reach 25K+ levels. 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
NIFTY50.....Sucker-wave has started!Hello Traders, the NIFTY50 has declined to 23263 on Thursday and my forecast ("...one more lower low") played out well! The decline since the ATH is to count as a "five down" and Friday's price action seems to mark the end of the weakening phase and a pullback has begun!? If so, a first target range is around the 24484 to 24537 range with more bullish potential exist. Even more, the N50 has fallen into the area of the 0.618 Fibonacci of the advance from 21281 to 26277! Anyway. Normally a correction is to watch with a first leg done, a "counter-trend move" into the main direction of the larger trend, and finally, a second leg down to complete the correction. So, we have probably seen a first leg down and the coming days could be bullish. I have labeled the chart as a wave (v/a?) with a "question-mark, 'cause I am not sure what next to come. Seasonal we are in a phase of bullish price action, but....!? We will check the pattern early next week and see.... Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
NIFTY50: INSTITUTIONAL LEVELS FOR 22/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
3
Learn Mother, Father and small child theory and Parallel channelThis is an educational video explaining medium to long term analysis of Nifty for educational purpose through my Mother, Father and Small Child theory. I am also trying to explain what happens in the long run, also you will find insights of how to use and draw a parallel channel. I have also done an analysis of Nifty supports and resistances in the medium to long term. We are also trying to understand what can be the channel top in the long run. We are also trying to see how RSI works in brief. The attempt is to explain a lot of stuff in simple jargon free language in roughly 16 minute video so that you get lot of education. It is going to be a power packed 16 minutes once you watch it. Do not forget to like/ boost our video and subscribe our channel. To learn Mother, Father and small child theory to the deeper extent and to learn about RSI do read my book: The Happy Candles Way to Wealth creation available on Amazon in Paperback and Kindle version. The book is also available on Google playbook in E-version. Disclaimer: Purpose of the video is for education. Do not treat this as a buy or sell call on Nifty. I am just trying to teach / throw light on Mother, Father and small child theory in brief along with the use of parallel channel. Hindi and English both languages are used in the video for wider audience to understand the same.
NSE:NIFTY
by Happy_Candles_Investment
7
NIFTY : Trading Levels for 22-11-2024Nifty Trading Plan for 22-Nov-2024 Introduction: In the previous session, With a Opening Drop in Nifty displayed a consolidation pattern near the support zone with a lack of strong follow-through on either side. The index closed near 23,346.75, hinting at indecision among traders. Key levels have been identified for today's trading, with distinct zones marked: Yellow for sideways movements, Green for bullish trends, and Red for bearish trends. Trading Scenarios for 22-Nov-2024: Gap-Up Opening (100+ points): If Nifty opens above 23,414 , it will likely face resistance near 23,522 . Look for price action in this zone: If rejection occurs at 23,522 , a retracement towards the 23,414 level is possible, offering a shorting opportunity. If an hourly candle sustains above 23,522 , it can target the next resistance at 23,669 . Wait for clear breakouts or rejections before entering trades. Avoid chasing prices in a strong gap-up scenario to minimize risk. Flat Opening: In case of a flat opening near 23,346 , monitor the immediate support at 23,295 : A breakdown below 23,295 can lead to a bearish move towards 23,231 . If Nifty holds the 23,346 level and moves above 23,414 , a bullish momentum toward 23,522 is likely. Trade cautiously in the flat opening zone, as the initial price action might remain range-bound. Gap-Down Opening (100+ points): If Nifty opens below 23,231 , the 23,120 support zone will be crucial: A breach of 23,120 could trigger a sharp sell-off towards 22,986 . If prices reverse from the 23,120 level, expect a recovery rally back to 23,231 or 23,295 . Watch for rejection or reversal candlestick patterns at these levels before entering trades. Risk Management Tips for Options Trading: Avoid trading during the first 15 minutes of market opening to let volatility settle. Use defined stop losses based on hourly candle closings. Focus on at-the-money options for higher liquidity and better premiums. Limit your risk to 1-2% of your total trading capital per trade. Summary and Conclusion: The market's direction today hinges on how it reacts to key levels around 23,414 (resistance) and 23,295 (support). Keep an eye on broader trends and ensure to wait for confirmation signals before initiating trades. Practice strict risk management to safeguard against market volatility. Disclaimer: I am not a SEBI-registered analyst. The above analysis is for educational purposes only. Please consult your financial advisor before making any investment or trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY S/R for 22/11/24Support 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 on a Weekly TimeframeTrend: The price has been in an uptrend (series of higher highs and higher lows), peaking at a swing high, followed by a significant pullback. Structure: A potential bearish reversal pattern is present as the price breaks below a trend line and tests lower levels. Key Levels: Swing High: ~25,890.41 (serves as resistance). Entry Point: 24,547.29 (current short trade entry). Stop Loss (SL): ~25,890.41 (protects against further upward movement). Take Profit (TP): TP1: 23,204.16 TP2: 21,861.04 TP3: 20,517.91 TP4: 19,174.78 ATR (Average True Range): Suggests volatility, helping set dynamic stop-losses. RSI: Moderate level, indicating no extreme overbought/oversold condition. Market State: Bearish with ranging price movement. Accuracy of Current Strategy: 83.32% historically. Patterns such as breakouts from trend-lines (as shown) often align with bearish movements if supported by volume or macro conditions. Based on historical data from the reference material, triangles, flags, and descending patterns in a downtrend reinforce bearish momentum. Action: Sell (short trade). Stop-Loss: Set at ~25,890.41. Take-Profit: Conservative: TP1 ~23,204.16. Aggressive: Lower targets (TP3 or TP4).
NSE:NIFTYShort
by ifro09
NIFTY 22 NOVEMBER 2024 LEVEL Yellow Zone (Neutral/Breakeven Area): Below Yellow: If the price breaks below the yellow zone, it indicates a further downside, as the yellow zone is acting as a potential support-turned-resistance. Above Yellow: You expect bullish momentum. If the price pushes above this level, it suggests a potential reversal or continuation of upward momentum. Red Lines (Resistance Levels): The red lines above the yellow zone indicate resistance levels. These are points where sellers are likely to step in, making it harder for the price to rise. Watch for price rejection at these levels if the price approaches them from below. Green Lines (Support Levels): The green lines act as strong support levels. If the price drops to these levels, buyers may step in to defend these zones, creating a bounce.
NSE:NIFTY
by trade_geeks
1
$nifty50 HTF view hola , been a while since i posted the nifty seems perfect timing to do so tagged the 200 ema on the daily and swept it now all we need is a reclaim with a follow through and we off to the races unfortunately only booked 40% at the top so waiting on the remainder to break even have already deployed my remaining funds and shall be wary once we approach the upper yellow trend line can be anytime after feb till July depending on the strength of the move .. rsi is reset just need a catalyst assuming we get to know soon posting this now so i shall stick to my plan this time around. expecting a decent flush from there hence added a lot to silver which i expect to be trading way higher by then
NSE:NIFTYLong
by CompoundingGain
Nifty Trend Analysis for DATE 21/11/2024Nifty Trend Analysis As per today's market outlook, Nifty is positioned at an average level of 23,370, which is a crucial support zone. Here's a detailed analysis based on the levels: Upside Potential If Nifty holds above the 23,370 support zone, it indicates resilience and a potential upward trend. First Resistance/Target: 23,800 – Sustained buying pressure can take Nifty toward this level, which will act as the initial resistance. Second Resistance/Target: 24,500 – If momentum continues, this is the next significant target where profit booking might occur. Downside Risk The level of 23,370 is identified as the strong support zone for today. First Support/Target: 23,370 – If Nifty breaks this level, it will trigger selling pressure, potentially leading to a big fall in the index. Key Takeaways 23,370 is the pivotal level to monitor today. If this zone is breached, it could lead to heightened volatility and a sharp correction in Nifty. The market sentiment will heavily depend on how the index reacts around this crucial support level. Recommendations for Traders Maintain a bullish outlook if Nifty sustains above 23,370, targeting 23,800 and 24,500. Be prepared for sharp downside moves if 23,370 is breached. Consider initiating short positions with appropriate stop-loss levels. Stay alert to external factors like global market cues, macroeconomic data, or any unexpected developments, as they could influence market behavior. Trade cautiously, and ensure to apply disciplined risk management to safeguard positions.
NSE:NIFTY
by mukeshkolhe
Nifty - NO HEAD & SHOULDERS 🚨This is my outlook on #Nifty. 🎯No Head and Shoulders pattern for me. 🎯 We have just now reached the EMA21. That is routine, Nothing unusual. 🎯 We are at a support line now. Will it hold? Let's watch 🎯 24,000 is an ultimatum support which IMO should hold. But again time will tell. 🎯 You can now access our structured charts for all Nifty 500 companies. Check the signature column below for more info. 🎯The index is down just 7% from its ATH even after a 90,000 Cr withdrawal by FIIs this month. 🎯 A pullback is crucial for the price cycle 🎯 I will start getting a bit worried if we breach the 24000 mark with a strong candle. ⚠️ That's just my outlook. need not be yours. Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. All investments carry risk, and it’s important to conduct your own research or consult with a certified financial advisor before making any investment decisions. I do not provide buy, sell, or hold recommendations. Past performance is not indicative of future results.
NSE:NIFTY
by TheChartereds
NIFTY : Trading Levels and Plan for 21-Nov-2024Nifty Trading Plan for 21-Nov-2024 Intro: On 20-Nov-2024, Nifty displayed a volatile session, with the index struggling to sustain above 23,712 , the last intraday resistance. A yellow-shaded "No Trade Zone" highlighted indecisive price action between 23,561 and 23,622 . The index tested support near 23,296 , which aligns with an SMC entry zone and buyer’s support after a liquidity sweep. The green trend depicted potential bullish moves, while the red trend reflected bearish reversals, helping traders prepare for possible outcomes in the upcoming session. Trading Plan for 21-Nov-2024: Gap Up Opening (100+ points above 23,561): If Nifty opens above 23,622 , monitor for a breakout above 23,712 . Sustained movement here could target the Profit Booking Zone (23,815–23,860) . Wait for the first 15–30 minutes to gauge market direction. Failure to hold above 23,622 might indicate a reversal, pushing the index back into the "No Trade Zone." Flat Opening (Near 23,561): A flat opening within the "No Trade Zone" requires patience. Look for a breakout above 23,622 to go long, targeting 23,712 . A breakdown below 23,468 may trigger bearish momentum toward 23,296 or lower. Avoid entering trades in the yellow-shaded zone to reduce risk from whipsaws. Gap Down Opening (100+ points below 23,468): A gap down below 23,441 may result in bearish momentum towards 23,296 , where buyers could provide support. If 23,296 holds, watch for a pullback toward 23,468 or higher. A breakdown below 23,296 could open doors to deeper bearish moves, targeting 22,964 . Use tight stop-losses for short positions. Risk Management Tips for Options Traders: Use stop-losses based on the hourly candle close to avoid getting trapped by intraday volatility. Avoid trading large positions in the "No Trade Zone"; focus on directional confirmation. For gap openings, consider strategies like spreads to manage premiums and volatility. Limit risk to 1–2% of your capital per trade to safeguard against sudden market moves. Summary and Conclusion: Key levels to watch are 23,712 on the upside and 23,296 on the downside. Trade cautiously within the "No Trade Zone" ( 23,561 – 23,622 ). Let the price action guide your trades, with trends expected to be influenced by intraday volatility. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders are advised to conduct their analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox