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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!
NSE:NIFTYLong
by ProfitsNinja
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. --- 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 . --- 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. --- 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. --- 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!
NSE:NIFTY
by LiveTradingBox
Downward parallel channel still governing NiftyThe downward channel still governing Nifty and crushing it at every giving opportunity through continuous selling pressure from mainly FIIs. However Bollinger Bands is starting to suggest that Nifty might be oversold. Supports for Nifty now remain near 23822, 23611, 23380 and 23197. Resistance for Nifty remains at 23968, 24088, 24167, 24388 and 24548. Every bounce so far has been utilised by FIIs to sell. DIIs however are on a continuous buying trail. This fall for long term investors with a horizon of 12 to 24 months can be utilized for wealth creation as Some of the large caps and Selective Mid and small caps are now started to reach mouth watering 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:NIFTY
by Happy_Candles_Investment
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. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. 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 : 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.
NSE:NIFTYLong
by LiveTradingBox
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. --- 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. --- 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. --- 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. --- 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.
NSE:NIFTY
by LiveTradingBox
Nifty Medium to Long Term Outlook. Nifty on a weekly chart seems to be in the consolidation mode. With important geopolitical events that happened around the globe and India Nifty is trying to find a firm footing from where it can launch ahead. The events like Ukraine and Russia conflict, Israel and Iran++ conflict, Indian election results, Haryana assembly elections, US elections proved very volatile for the market. Upcoming events like China stimulus package and Maharashtra Elections will also be key for the direction of Nifty while moving ahead. Best case Scenario for Nifty right now following the Parallel channel seems to be 27796 towards the mid and end of First quarter of 2025. (We would have to be a pure optimist to think it can reach close to 28K in the next 5/6 months but you never say never). Median Scenario can keep Nifty range bound and we might find it exactly in the zone that it is right now that is between 24K and 25K. Worst case scenario for Nifty seems to be between 20 and 21K as of now.(This is a less likely scenario but you never say never). Major Support Levels for Nifty are at: 23816, 23211(Major Support 50 Weeks EMA-Mother Line), 22711, 21813, 21343 and 20858 (Channel Bottom Support). Major Resistance levels for Nifty are : 24589, 25241, 25796, 26277, 27120 and 27796 (Channel Top Resistance). To learn more about Parallel Channels and Mother, Father and Small Child theory read my book. The Happy Candles Way to Wealth Creation Available on Amazon in paper back and Kindle version. The book is now available on Google Play books in E-version too. Disclaimer: The views are personal and request you not to take positions based on the above data. The chart and the levels given in the message are purely for the purpose of education.
NSE:NIFTY
by Happy_Candles_Investment
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. --- 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.
NSE:NIFTYShort
by LiveTradingBox
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.
NSE:NIFTY
by Happy_Candles_Investment
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.
NSE:NIFTYLong
by LiveTradingBox
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.
NSE:NIFTYLong
by Happy_Candles_Investment
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!
NSE:NIFTYLong
by ProfitsNinja
NIFTY : Trading Levels and Plan for 06-Nov-2024**Trading Plan for NIFTY on 06-Nov-2024** Intro: In the previous trading session, NIFTY showed a bullish momentum from the important levels highlighted in yesterday's Trading plan. The chart indicated multiple resistance and support levels, with specific zones highlighted for different scenarios. Yellow lines represent potential sideways movement, green lines indicate a bullish trend, and red lines signify a bearish trend. Observing the market's opening tomorrow in relation to these levels will guide the trading approach. --- Trading Plan Scenarios: For 06-Nov-2024, here are trading strategies for various opening scenarios: Gap Up Opening (100+ Points): If NIFTY opens with a significant gap up above 24350 (Opening Resistance), watch for signs of strength to sustain above this level. - If it holds above 24350 , wait for a breakout confirmation before entering a long position. Target levels would be 24581 and 24682 , keeping in mind the Last Resistance for Intraday. - If it fails to sustain above 24350 , be cautious of a pullback towards the Opening Support at 24156 . - Watch for sideways movement (yellow trend) if NIFTY consolidates between 24350 and 24156 . Avoid trades during this sideways movement unless a clear direction emerges. Flat Opening Near 24156 - 24144 Zone: If NIFTY opens flat around the Opening Support levels, monitor the price action closely. - A quick rejection from 24156 could indicate a reversal opportunity towards 24350 (Opening Resistance). Enter long if the price breaks above and sustains. - In case of a breakdown below 24144 , NIFTY may test the lower support at 24020 . Consider short trades if there’s a clear break below this level, aiming for the "Best Buy Zone" near 23725 . - Keep an eye on sideways movement in this range. Avoid trades if the trend remains unclear within this zone. Gap Down Opening (100+ Points): If NIFTY opens with a significant gap down, near or below the "Buyer's Support at Retracement" at 24020 , trade cautiously. - If NIFTY shows buying interest around 24020 , it may present a buying opportunity, targeting 24156 as a recovery level. - If the gap down leads to a breakdown below 24020 , watch for support around 23725 and 23579 in the "Best Buy Zone". Enter short if the bearish trend persists. - Avoid early entries without confirmation of direction, as a gap down could lead to volatility. Use strict stop-loss levels. --- Risk Management Tips for Options Trading: - Stick to defined entry and exit points based on these levels and trends to avoid chasing price. - For long positions, consider buying at-the-money calls if the price breaks resistance levels or sustains a bullish trend. - For short positions, consider buying at-the-money puts near resistance rejections or if NIFTY trends down after a gap down opening. - Use stop-loss orders consistently to manage potential losses. Avoid doubling down on losing positions in highly volatile market conditions. --- Summary & Conclusion: Focus on these key levels to navigate the trading day effectively. Monitor the price reaction to opening levels, as it will guide trade direction. Sideways movement could indicate a consolidating market, while breaks above or below specified zones may present entry opportunities. Disclaimer: I am not a SEBI registered analyst. This analysis is for educational purposes only. Trade at your own risk and consult with a certified professional before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY : Trading Plan and Levels for 05-Nov-2024On 04-Nov-2024, Nifty showcased a strong downward trend followed by some consolidation. The session closed near 23,990, with critical support levels between 23,725 and 23,579, indicating a potential for a bounce in the coming session. Resistance is seen at 24,021, with a significant zone near 24,163. The Yellow trend indicates potential sideways movement, while the Green trend shows bullish prospects and the Red trend represents a bearish path. Trading Plan for 05-Nov-2024: Gap Up Opening (100+ points): If Nifty opens with a 100+ point gap-up above 24,021, we could see a bullish move towards 24,163 (Intraday resistance). It’s essential to watch if prices sustain above this zone, as crossing this level could target the last intraday resistance of 24,319. If Nifty fails to sustain above 24,163, expect a sideways move back towards 24,021. Traders should exercise caution here as any rejection from higher levels might signal a potential reversal. Actionable Plan: Buy on a sustained move above 24,163, with a target of 24,319. Stop Loss: Below 24,021 on a 15-minute candle close. Flat Opening: If Nifty opens flat around 23,990, the focus will be on the reaction near 24,021 (opening support/resistance). A clear breakout above this level could push Nifty into a bullish zone, aiming for 24,163 and beyond. However, failure to break this level will lead to a sideways consolidation (Yellow trend) or a possible retest of lower supports near 23,725. Actionable Plan: Buy on breakout above 24,021, targeting 24,163. Sell below 23,953, with a target towards 23,725. Stop Loss: Place tight stop losses at 23,990. Gap Down Opening (100+ points): If Nifty opens with a gap-down near 23,725 or below, the Best Buy Zone comes into play. Watch for bullish price action around this support level. Any strong bounce from here could lead to a recovery back to 23,953 or higher. In case Nifty fails to hold 23,725, a further decline towards 23,579 could be on the cards, with a potential for a deeper correction. Actionable Plan: Buy near 23,725 with a target of 23,953. Sell below 23,725, aiming for 23,579. Stop Loss: Below 23,725 on a 15-minute candle close. Risk Management Tips for Options Trading: Always use strict stop losses, especially on volatile days. Avoid holding positions overnight unless there’s a strong directional bias. For options traders, consider entering at-the-money or slightly out-of-the-money options to benefit from quick price moves while managing risk. Summary and Conclusion: The key levels for 05-Nov-2024 are 24,021 for intraday resistance and 23,725 for strong support. A gap-up or flat opening should be monitored closely for breakouts above these resistance levels. A gap-down could provide an excellent buying opportunity near 23,725. Traders should stay cautious and respect the support/resistance zones, waiting for confirmation before taking trades. Disclaimer: I am not a SEBI-registered analyst. This trading plan is purely based on technical analysis and psychological theories. Please consult with your financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Levels and Plan for 04-Nov-2024Intro for Previous Day's Chart Pattern: In the previous two session, Nifty demonstrated a balanced movement with multiple attempts to break the support and resistance zones, suggesting potential consolidation. The chart highlights key areas where demand and supply forces are likely to react. Yellow trend indicates Sideways movement, Green trend shows a Bullish trend, and Red represents a Bearish trend. --- Trading Plan for 04-Nov-2024: Opening Scenarios: Gap Up Opening (100+ points): If Nifty opens with a significant gap up around 24,489 or higher: - Watch for resistance near the ChCoCh Zone (Change of Character) at 24,489-24,533. If Nifty sustains above 24,533, it could indicate strong bullish momentum towards the 24,616 zone, marked as the “Last Intraday Resistance.” - In case of a rejection from 24,489, wait for confirmation before initiating short trades, as prices may retest lower support levels. - For conservative traders, it’s advisable to wait for a retracement back toward 24,286-24,265 levels before considering long entries. Flat Opening: If Nifty opens flat around 24,300: - Focus on the immediate support level at 24,286. A successful defense of this support could trigger a bounce towards the 24,489-24,533 resistance area. - If prices struggle to break through 24,286, look for opportunities to enter long trades near the “No Trading Zone” at 24,163. - For intraday shorts, wait for bearish signals near 24,533 or if Nifty falls below 24,265, targeting the lower support at 24,020. Gap Down Opening (100+ points): If Nifty opens with a gap down around 24,163 or lower: - Monitor the support levels at 24,020 and 23,958. These zones represent “Last Buyer’s Support for Intraday.” A break below 23,958 may trigger further downside pressure towards lower levels. - If 24,020 holds, it could offer a buying opportunity with a potential target toward 24,286. - For intraday trades, be cautious of volatility and await clear price action before entering positions, especially in gap-down scenarios. --- Risk Management Tips for Options Trading: - Limit your position sizes and keep a strict stop-loss in volatile conditions, especially post-Diwali. - Monitor implied volatility as it can affect options premium significantly during high volatility sessions. - Avoid chasing options trades if premiums have already inflated substantially post-market opening. - Stay cautious around key levels to avoid whipsaws and consider taking partial exits at defined target levels to lock in profits. --- Summary and Conclusion: The 04-Nov-2024 session may witness reactions at critical support and resistance zones, presenting opportunities for both intraday and swing traders. Wait for a clear break of levels to confirm direction. Sideways consolidation could occur near the mid-range, so be prepared for both trend-following and range-bound strategies. Disclaimer: I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Please conduct your analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Mother Line, Trend line and other resistnace up ahead to watch.Before Nifty can fly further there are some important resistances to be crossed in the near by zone are 24368 that is the high of Muhurat day, Mother line resistance at 24391, Trend line resistance near 24400. After closing above 24400, Nifty can quickly reach 24505 or even 24601 in a short time. Supports for Nifty are at 24280, 24239, 24172 and 24142. Final support for Nifty is in the range of 24069 below which bears can create further havoc. Shadow of the candle is slightly positive but FII's deep selling is making the investors vary and fearful this does not include DIIs as of now but below certain level even they can start to give in if things do not improve. Shadow of the candle is slightly positive.
NSE:NIFTY
by Happy_Candles_Investment
1
#Nifty50 outlook for upcoming week 4th-8th Nov 2024Last week, the Nifty 50 index concluded at 24,304 points, marking a 125-point surge from the previous week's close. It reached a high of 24,498 and a low of 24,134. As anticipated, the index successfully tested the 24,500 resistance level before settling at its current position. With the India VIX index indicating an upward trend, the Nifty 50 is expected to trade within a broader range of 24,900 to 23,700 in the coming week. A breach of these levels could trigger significant market volatility. The upcoming US elections on November 5th are likely to intensify the tug-of-war between bulls and bears. I'm closely monitoring the 23,511 level (DEMA200) as a potential entry point for NiftyBees. However, it remains to be seen if this opportunity materializes. S&P 500's Weekly Performance and Outlook The S&P 500 index ended the week at 5,728 points, approximately 80 points lower than the previous week's close. It touched a high of 5,850 and a low of 5,702. This week, the index found support at the DEMA50 level. If it dips below 5,702 next week, it could test support levels at 5,637, 5,585, and 5,400, which would have negative implications for global markets. To resume its upward trajectory, the S&P 500 needs to close above 5,700 on consecutive days. This could propel it towards the 5,821, 5,868, and 5,899 levels.
NSE:NIFTY
by ssudhirsharma11
FIIs continue to weigh in on Nifty Index. Unblemished sell off from FIIs has dampened the festive mood of investors in the Indian markets. Looks like there was not much support for DIIs today as Retails investors might be busy with Diwali festival so FIIs today had a clear upper hand. There are signs of bottom formation and Higher high higher low pattern is formed on Nifty. Unless we have a closing below 24172 or 24069 levels, I think the things will hold. If we get a closing below 24K bears and FIIs can push Nifty further down to 23.8K or 23.2K levels. Thus supports for Nifty are at 24172, 24142 and 24069 levels. Resistances for Nifty remains at 24242, 24370, 24395, 24505, 24601, 24702 and finally 24811 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:NIFTY
by Happy_Candles_Investment
NIFTY : Trading Levels and Plan for 31-Oct-2024 Intro: On the previous trading day, Nifty exhibited a mix of consolidation and upward momentum, with notable resistance zones tested near 24,594 . Key levels for 31-Oct-2024 have been identified, with trends marked as follows: yellow for sideways movement, green for bullish momentum, and red for bearish sentiment. This plan provides strategies for different opening scenarios. Trading Plan for 31-Oct-2024 Gap Up Opening (100+ points above) If Nifty opens 100+ points above the previous close, it may test the First Resistance/Consolidation Zone near 24,594 . If the index sustains above this level, we may see a push towards the Profit Booking Zone at 24,694 . However, if it struggles to hold above 24,594 , expect a retracement towards the Opening Support/Resistance level at 24,320 . – A reversal from the resistance levels could prompt a move back to the Support at Retracement at 24,163 . Flat Opening (within 50 points of the previous close) For a flat opening, the key level to watch is 24,349 . Sustaining above this point could lead to a breakout, targeting 24,594 and possibly extending towards the Profit Booking Zone at 24,694 . Conversely, if momentum fails above 24,349 , Nifty might move sideways around 24,320 or even test the lower support at 24,285 . – A downside break below 24,285 could increase bearish pressure, with potential support found at 24,163 . Gap Down Opening (100+ points below) In a gap-down scenario, initial support may be found near 24,285 . A rebound from this level could bring the price back toward 24,349 . If the index sustains above 24,349 , bullish momentum could retest the resistance at 24,594 . However, if 24,285 fails to hold, a decline towards Support at Retracement near 24,163 is likely. – Persistent weakness below 24,163 might drive further downside towards the Last Intraday Support at 24,040 . Risk Management Tips for Options Trading Manage your position sizes wisely, especially when volatility is high. Consider deploying trailing stops near major resistance/support levels to protect gains. Options spreads can limit risk exposure, which is particularly useful in a choppy market. Summary and Conclusion The primary focus for 31-Oct-2024 remains on the resistance at 24,594 and support at 24,163 . Traders should stay flexible with these levels and use disciplined stop-loss strategies to manage risks. Observing the price action after the opening will provide better insight into the day’s trend. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on technical levels and reflects my personal view. Please perform your own analysis or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
50 Hours EMA and Trendline resistance again stop Nifty progressAgain The Mother line (50 Hours Resistance) and trendline resistance threw spanner in the growth effort of Nifty. Till Mother line and trendline thereafter is not crossed we can't reach Father line resistance which is at 24853. Supports for nifty remain at 24307, 24173 and finally 24073. Below 24073 Nifty will become very weak and bears will spell further doom. Resistances on the upper side remain at the zone between 24448 and 24513 (tough to conquer Mother line and Trend line resistance respectively), 24613, 24730 and 24853. Above 24853 the critical resistance will be the zone between 24860 and 24971. Bulls can come back into the game after the close above 24971. Above 24971 Bulls can create an upward rampage. Tomorrow is a very critical day where Nifty going into November needs to close above 24513 or atleast above 24448. Signs are looking little difficult for Nifty with a negative shadow of the candle but festive buying can bring back the bulls in action hopefully. . To know more about Techno-Funda investment, Mother-Father and Small Child theory, Happy Candles Number read my book The Happy Candles Way to Wealth Creation. Gift it to yourself or your special ones this festive season. 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