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Niftyintradaylevels

Nifty Intraday Trade Setup | 10th DecemberNifty opened with gap-down near our buy level 24640 but gave a sharp bounce towards 24705 and then started falling. Nifty broke our sell level 24640 and hit 1st target on sell side at 24590. After that it was trading in a range. For tomorrow, we will look for the sell opportunity either from 24700 - 24690 or if breaks 24580 for the targets of 24530 and below marked level on the chart. Expectations: Trending day Intraday Levels: Buy Above - Sell on rise Sell Below - 24580 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTYShort
by InvestPro_India
1
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 Intraday Trade Setup | 9th DecemberNifty opened flat as because of RBI Policy we saw some volatility in first hour but then Nifty traded in a small range whole day and it was more of a options sellers day. For tomorrow, if Nifty sustains above 24755 you can consider buying for 27800 and above marked level. On the other side, if Nifty sustains below 24640 you can consider taking a sell trade for the target of 24590 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24755 Sell Below - 24640 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
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.
NSE:NIFTYLong
by LiveTradingBox
Nifty Prediction for 28th November 2024Nifty Prediction for 27th November 2024 Follow for more updates and information. From a technical perspective, the Nifty index has been consolidating within a range over the past two sessions, hovering around its 50-day exponential moving average (DEMA) at 24,350. A breakout above this level could signal further positive momentum, with potential targets at 24,550 and 24,700. Indicators such as RSI and MACD show a positive crossover on the daily chart, underscoring bullish strength in the near term. On the downside, the index is holding firm support at 24,100, with additional safety nets at 24,000 and 23,900. On the upside, key resistance levels are positioned at 24,550 and 24,700.
NSE:NIFTY
by ARROWINDEX
Nifty Intraday Levels 24-OCT-2024, Sell Trend Continue Today Nifty also reversed near "Reaction Area", we can consider that area as resistance. Nifty is now trading away from selling area and a pullback is possible from buyer side. Only "Resistance Area" is the most safest place to sell in nifty. Wait for the price pullback and sell only when price is reversing from selling zone "Resistance Area" Near 24520. If price is waiting near today closing price and making 3-4 candles in 5 min timeframe then breakdown. We can also sell after that but first wait for the buyers to come and defend the price. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
Nifty Intraday 23 Oct 2024 Levels for SellingToday Nifty made new low and following price action on every timeframe. For good risk reward if price starts moving upwards and taking reversal near 24600, then we can go for sell trade. For Followup trade, any 5 min candle close below 24445 then also we can go for sell trade. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:NIFTYShort
by smrgrover2
NIFTY INTRADAY LEVELS FOR 20/09/2024BUY ABOVE - 25490 SL - 25410 TARGETS - 25490,25550,25610 SELL BELOW - 25380 SL - 25440 TARGETS - 25310,25240,24190 NO TRADE ZONE - 25380 to 25490 Previous Day High - 25610 Previous Day Low - 25380 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Flag & Pole Bullish Continuation Pattern for TomorrowFor tomorrow, focusing on the Nifty50 in a 15-minute timeframe, the price action indicates a potential continuation pattern known as the "Flag and Pole." This pattern typically suggests that the current trend is likely to continue after a brief consolidation phase. Below is a detailed breakdown of the possible price action: Technical Analysis Overview: Pattern Type : Flag and Pole (Continuation) Script : Nifty (Index) Timeframe : 15-Minute Chart Trading Type : Futures and Options (FnO) Price Pattern Characteristics: The Flag and Pole pattern consists of two key components: The Pole : Represents a sharp and strong directional move, typically upward, indicating a significant bullish sentiment. In this case, Nifty has exhibited a strong rally, forming the “Pole” of the pattern. The Flag : After the sharp rise, the price enters a consolidation phase with a slight downward or sideways drift. The “Flag” forms as price moves within a tight range, typically between two parallel trendlines sloping downward. Trade Setup and Expectations: The price is currently in the consolidation phase, creating the Flag. This temporary pause is likely to be followed by another bullish move, resuming the earlier uptrend. Breakout Confirmation: The key level to watch is the upper trendline of the Flag. A breakout above this level, coupled with strong volume, would signal the continuation of the uptrend. Possible Targets: Target 1 (T1): 25100 Target 2 (T2): 25200 Stoploss : 24970 These targets are based on the measured move concept, where the height of the Pole is projected from the breakout point. Risk Management: Given the nature of this continuation pattern, it’s crucial to wait for a confirmed breakout with volume before entering the trade. Set a stop loss slightly below the lower trendline of the Flag to manage risk. Conclusion: The Flag and Pole pattern on Nifty's 15-minute chart points towards a bullish continuation, making it a favorable setup for FnO traders. However, ensure proper risk management, as patterns may fail or face unexpected market influences. This analysis should be taken as a probable scenario rather than an exact prediction, with adaptability to real-time price action being key. Disclaimer : DO NOT FOLLOW THIS STUDY BLINDLY. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING A TRADE.
NSE:NIFTYLong
by Amankuckreja
3
Nifty Positional Trading PlanThe market continued to consolidate while maintaining its upward momentum for the ninth consecutive session and hit a new Nifty 50 closing high on 28th August. The rise of 0. 14 per cent to 25,052 points formed a doji like candlestick pattern indicating consolidation and indecision among buyers and sellers on future market trends. US stock markets fell across the board overnight and Asia opened today with a correction, creating instability in the domestic market. The bulls may weaken after consecutive rallies and the market is expected to remain consolidated on the monthly F&O expiry date. Important resistance above is at 25, 100 pips, while short-term key support appears at 24,950 pips, at 5-day EMA level. Nifty Options For call option data, the highest number of open positions is at 25,500 strike, which can act as a key resistance level for Nifty in the short term. In put options, the highest number of open positions is at 25,000 strike, which can act as a key support level for Nifty. August F&O expires and can be shifted to September F&O to open new positions. Longs have shown weakness and remain short for the next few sessions, today one can focus on NIFTY SEP 24500 PE and enter new position at 135-150 with scheduled profit of 15%.
NSE:NIFTYLong
by PJVFINANCIAL