Nifty trades and targets for - 10/1/25Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. Its Friday and premiums are high so trade if you re absolutely sure about it. After expiry most of the money is lost on this day. We may see movement on either sides , so please book profits early. Do not wait on any trade longer than 10 minutes. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades.
Chart Patterns
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD
Here’s a detailed description for today’s extended bearish view in EUR/USD:
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### **Title**
*"EUR/USD Intraday Outlook: Persistent Selling Pressure | Dollar Strength Dominates"*
#### **Market Context**
*"EUR/USD continues its downward trajectory as bearish momentum prevails for another session. A resilient U.S. dollar, driven by expectations of a hawkish Federal Reserve, maintains pressure on the pair. Weak Eurozone sentiment further exacerbates the downside bias."*
#### **Technical Analysis**
*"Today's sell view is backed by technical indicators:
- **Trend Structure**: Consistent lower highs and lower lows reinforce the ongoing downtrend.
- **EMA Analysis**: The price remains firmly below the 20 and 50 EMAs, signaling sustained selling pressure.
- **RSI**: Hovering near 40, confirming bearish momentum.
- **MACD**: Negative histogram bars continue to widen, highlighting increased downside strength.
**Key Levels**:
- **Support**: 1.0520 (immediate), 1.0500 (critical level).
- **Resistance**: 1.0560 (intraday), 1.0585 (key level). A move above 1.0585 would challenge the bearish bias."*
#### **News Context**
*"Upcoming: U.S. ISM Services PMI and Eurozone Retail Sales could influence intraday moves.
Previous: The dollar continues to benefit from upbeat U.S. data and hawkish Federal Reserve commentary."*
#### **Call to Action**
*"Will EUR/USD extend its losses and test critical support levels, or could buyers stage a recovery? Share your analysis and trade setups below!"*
Navinfluorine Looks Good!NSE:NAVINFLUOR
The price appears to have found a bottom, signaling a potential reversal as it breaks upward following a phase of consolidation or indecision.
The Diamond Bottom pattern typically forms during a downtrend, where prices initially create higher highs and lower lows, forming a broadening structure.
Over time, the trading range narrows as the highs peak and the lows begin trending upward. A decisive upward breakout from the diamond's boundary confirms the reversal, marking the transition to a new uptrend.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.
Gold Trading Strategy for 10th January 2025Gold Trading Strategy
Key Levels:
Buy Above: 2679
Sell Below: 2655
Targets:
Upside Targets: 2683, 2693, 2701
Downside Targets: 2650, 2645, 2638
Strategy Details:
Buy Signal: Enter a buy position above 2679, aiming for targets of 2683, 2693, and 2701.
Sell Signal: Enter a sell position below 2655, aiming for targets of 2650, 2645, and 2638.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
ONE CHART TO UNDERSTAND STOCK MARKETThis one chart is enough to understand the behavior of market and how to time the investment. Look at the chart NIFTY 50 Monthly time frame. Since 2005, if Nifty corrects more than 20% then it never ever visit back that correction low. This is simple analysis, but it gives powerful ideas and decent returns. I personally benefited when i follow this. I invest only after 20% correction , if I do so my investments got 100% return before next correction.
Berger PaintsA triple bottom pattern on a candlestick chart is generally considered a bullish reversal signal, indicating a potential change from a downtrend to an uptrend.
In the case of Berger Paints, the triple bottom is forming, we might consider it as a potential buy signal but wait for RSI breakout. If RSI reaches above RSI 35, we consider to place a buy order.
09 Jan 2025–Nifty 23557 is a point of interest, stance bearish---
Nifty Stance Bearish ⬇
I had guided for a bullish week if you had read my last weekly report. Everything looked up, as we had moved close to 766 points in the last expiry. Surprisingly, tables changed fast enough, on Friday we had a down day and then on Monday, we had an immense fall. You would not believe that the low made on Monday was 23557 and the final close of the weekly expiry is also 23557.
Over the week, Nifty fell 610pts ~ 2.53%. We are yet to retest the 23460 swing low of the last week and if that does not hold then the next point of interest would be 23357.
The change in my bias was informed via the tradingview minds and I hope those of you who had subscribed/followed for my updates would have got its email.
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Meanwhile, I got my algos tweaked. It took me close to 2 months to reconfigure the logic for Nifty. Most of you would be aware that I had a successful BankNifty algo, but when the exchanges removed the weekly expiry - it stopped working. It took me a while to reprogram the same on Nifty as its character is totally different from BankNifty.
The daily test results will be published on "viswaram substack" and also on my X handle. The idea is simple, I have 2 directional algos
Bear Day
Bull Day
All I have to do is run the correct one. The profits and losses are limited, so it is a safe algo setup. If I get the direction wrong, I will have to settle the losses, whereas if my direction is right - it will mint money.
The algos have a strange discretionary entry criterion "which direction to run". All I can disclose right now is that, even if nifty does the ultra volatility move (just like the meme coin), my algo will handle it.
"Bearish or Bullish? NIFTY 50's Next Big Move Explained!📊 Chart Analysis: NIFTY 50
🔥 Key Levels of Interest
👉 Support Zone (23,200–23,500): Strong demand area with historical buying interest.
👉 Resistance Levels:
Immediate: 24,200–24,400 (significant selling pressure).
Major: 25,550 (bullish breakout potential).
📉 Trendline & Moving Averages
👉 Trendline: Downward-sloping, indicating bearish sentiment unless breached.
👉 50-Day SMA: Price below this short-term indicator, signaling weakness.
👉 200-Day SMA: Price below this long-term indicator, confirming bearish momentum.
📊 Candlestick & Volume Analysis
👉 Candlesticks: Long lower wicks suggest buyer interest near support but weak follow-through.
👉 Volume: Low volume indicates consolidation; a breakout or breakdown could increase participation.
📈 Indicators
👉 RSI: Likely near oversold levels, hinting at a potential bounce.
👉 SuperTrend: Currently bearish, reinforcing selling pressure.
📰 Current News Impacting the Market
🌍 US Federal Reserve's Rate Hike Decision:
Recent commentary suggests maintaining elevated interest rates in 2025, causing foreign outflows from emerging markets like India.
🛢 Crude Oil Prices Drop:
Positive for India, reducing inflationary pressures and improving fiscal dynamics.
💹 Strong Q3 Earnings:
Major Indian IT and banking firms reported better-than-expected Q3 earnings, boosting investor confidence in specific sectors.
⚔️ Geopolitical Developments:
Ongoing Middle East conflict has led to increased volatility in global markets, with investors adopting a cautious approach.
📅 Union Budget Expectations:
Speculation around pro-growth measures, including incentives for manufacturing and infrastructure, has sparked optimism.
💰 FII/FDI Inflows:
Renewed interest from foreign institutional investors in technology and energy sectors has provided short-term support.
🦠 Emergence of HMPV Virus Concerns:
Reports about the Human Metapneumovirus (HMPV) spread have created caution in healthcare and pharmaceutical sectors. While not yet causing widespread economic impact, it is being monitored closely for potential disruptions to global supply chains and market sentiment.
📈 Scenarios for Traders
👉 Bullish Scenario (Above 24,400):
Targets: 25,550 and higher with strong volume.
Stop Loss: Below 24,000.
👉 Bearish Scenario (Below 23,200):
Targets: 22,500 and lower.
Stop Loss: Above 23,600.
👉 Neutral Range (23,200–24,400):
Consolidation likely, favoring short-term trades within the range.
📘 NIFTY 50 Overview
💼 About:
India’s benchmark stock market index representing the top 50 NSE-listed companies across 13 sectors.
📊 Historical Growth:
Launched in 1996 with a base value of 1,000.
Reflects India's economic progress through blue-chip companies.
📈 Key Drivers:
Economic Expansion: Supported by GDP growth and reforms (e.g., GST, Make in India).
Foreign Investments: High-growth emerging market status attracts FII/FDI.
Sectoral Growth: IT, banking, and FMCG as major contributors.
🌟 Influencing Factors
📊 Economic: GDP growth, inflation, and interest rates.
🌍 Global Events: Fed policies, geopolitical tensions, and commodity prices.
📅 Domestic: Earnings reports, budget announcements, and rupee movements.
📋 Actionable Strategies
📈 Bullish:
Entry: Above 24,400 with strong volume.
Target: 25,550+.
Stop Loss: Below 24,000.
📉 Bearish:
Entry: Below 23,200 with confirmation.
Target: 22,500 or lower.
Stop Loss: Above 23,600.
📢 Disclaimer:
This analysis is for educational purposes only. Consult a certified financial advisor before investing.
💡 Prepared by: Hiren Soni, a Financial Engineer 🚀
Plan For Tomorrow in BNFIf the Index opens flat to gap up as long as the index sustains below 49975 we will look for trend continuation trades. 49760-49783 zone can act as a resistance. We should be bullish if the index sustains above 50000 level or if the index is at 49085-49036 zone. 49295 can act as another support. if the index opens gap down we can still look for sell side trades but keep in mind to not expect big targets.
Buying in ITC for small targetThe ITC 75-minute chart forms a Terminal Impulse.
There is a good buying opportunity near the 440 and 445 price zone.
Strict stoploss below wave 2 which is below 432 level.
The target for wave 5 will be 470.
This analysis is based on Elliott Wave theory and Fibonacci.
Please always do your research before you take any action.
For educational purposes only.
ShortWhich has been trading in a narrow range of 580 to 590 for the last couple of sessions. However, today, it made an attempt to break above the range with a high of 596+.
Although the stock has moved slightly higher, the current price action suggests a potential false breakout.
Target - Based on this, I anticipate the stock could drop to around 562.
Nifty 50 index, 15-min timeframe.📊 Technical Analysis
👉 Chart Overview
• Nifty 50, 15-min timeframe.
• Double bottom pattern, MACD, and RSI.
✨ Key Features
• Double Bottom: Near 23,496.15, breakout target 23,727.50.
• Bullish Divergence: On MACD and RSI.
• Trendline Breakout: Signals bullish shift.
📈 Indicators
• MACD: Rising, showing momentum.
• RSI: Recovered to 33.05 from oversold.
• Volume: Rising on green candles.
🔑 Key Levels
• Support: 23,496.15
• Resistance: 23,727.50, 24,226.70
🧠 Summary
Bullish breakout setup with confirmed divergences and volume support.
💡 Strategy
1. Buy: Retest near 23,557.20.
o Targets: 23,727.50 and 24,226.70.
o Stop-loss: Below 23,496.15.
2. Sell: Only if price drops below 23,496.15.
🏁 Conclusion
Likely bullish continuation. 🚀
Nifty Bank Index in a 15-minute timeframe 📊 Technical Analysis of the Chart
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👉 Chart Overview
• Nifty Bank Index in a 15-minute timeframe.
• Includes falling wedge pattern, MACD, RSI, and color-coded zones for trend analysis.
________________________________________
✨ Key Features
• Falling Wedge: Bullish reversal breakout.
• Divergences: Bullish signals on MACD and RSI.
• Zones:
o Red: Bearish momentum.
o Green: Bullish recovery.
________________________________________
📈 Indicator Analysis
• MACD: Bullish divergence; lines crossing upward post-breakout.
• RSI: Recovered from oversold levels (below 30) to 57.87.
• Volume: Rising on green candles confirms buying.
________________________________________
🔑 Key Levels
• Support: 49,230.15
• Resistance: 49,979.05, 51,672.75
________________________________________
🧠 Summary
• Strong bullish setup with breakout confirmation.
• Indicators and volume support further upside.
________________________________________
💡 Trading Strategy
1. Buy: On retest of 49,552.70, target 49,979.05, then 51,672.75.
2. Stop-loss: Below 49,230.15.
3. Sell: If price re-enters wedge.
________________________________________
🏁 Conclusion
The chart signals a bullish move with a breakout and strong divergence support. 🚀
Breakout and Retest @ EICHERMOT
STOCK: Eicher Motor Ltd.
SETUP: The price has given a Range Breakout with a huge volume. The price has come back to retest the same breakout level with low volume. Wait for a bullish sign at the same level or it can be bought above PDH with the same candle low.
NOTE: I am SEBI registered # For learning purposes only # Manage your Risk.