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#Nifty directions and levels for January 7th, Tuesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 7th, Tuesday: Market Overview: The global market is maintaining a moderately bearish sentiment (based on the Dow Jones), while our local market is has a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gift Nifty showing an 70-point positive start. In the previous session, Nifty and Bank Nifty experienced a solid correction. what about next? even if it opens with gap-up start we can expect correction once if it rejects around the 38% mark. because if it takes pullback strucutrelly it couold be a 4th wave, 4th its a consolidation wave and the upcoming wave is 5th, 5th its a distribution wave so as per the structure the moment might be decrese during the 4th and 5th wave. lets look at the structure. Nifty Current View: The current view saying if the market opens with gap-up and its sustains then it could take 23 to 38% pullback in the minor swing. and structurally it could be a 4th wave. The 4th wave is a three-wave structure, and it could also be a consolidation wave. the 4th wave usually doesn't break the 38% Fibonacci level. so once its started to reject there then we can expect correction. this is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low then we can expect correction to the level of 23460 to demand zone. if this happens we should consider thats a 5th wave. 5th wave its a distribution wave so if it finds support around 23460 or the demand zone. then we can expect min od 23 to 38% pullback in the overall swing. (before entering the pullback entry pls check some reversal conformation.
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for January 7th, Tuesday:Bank Nifty Current View: The current view for Bank Nifty is similar to that of Nifty. If the market opens with a gap-up and sustains, it could take a 23% to 38% pullback in the minor swing, and structurally, it could be a 4th wave. The 4th wave is a three-wave structure and could also be a consolidation wave. The 4th wave usually doesn't break the 38% Fibonacci level, so once it starts to reject there, we can expect a correction. This is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low, we can expect a correction to the level of 49,599 to the demand zone. If this happens, we should consider that a 5th wave. The 5th wave is a distribution wave, so if it finds support around 49,559 or the demand zone, we can expect a minimum of a 23% to 38% pullback in the overall swing. (Before entering the pullback, please check for some reversal confirmation.)
NSE:BANKNIFTY
by Manickamtraders
EURUSD NEXT POSSIBLE MOVE SAXO:EURUSD Here’s a detailed description for today’s bullish view in EUR/USD: --- ### **Title** *"EUR/USD Intraday Outlook: Recovery Attempt Amid Dollar Consolidation"* #### **Market Context** *"EUR/USD shows signs of a recovery as the U.S. dollar loses steam amid profit-taking. Optimism around potential easing of Eurozone economic challenges supports the pair, while traders eye upcoming economic events for fresh direction."* #### **Technical Analysis** *"Today's buy moment is supported by key technical factors: - **Trend Structure**: Higher lows on intraday charts suggest potential for a short-term reversal. - **EMA Dynamics**: Price is attempting to reclaim the 20 EMA, a key signal of bullish momentum. - **RSI**: Rising above 50, indicating increased buying interest. - **MACD**: Histogram bars are turning positive, pointing to building bullish momentum. **Key Levels**: - **Resistance**: 1.0580 (initial), 1.0605 (key level). - **Support**: 1.0530 (immediate), 1.0500 (critical). Holding above 1.0530 strengthens the bullish case."* #### **News Context** *"Upcoming: Eurozone Retail Sales and U.S. JOLTS Job Openings could influence market sentiment. Previous: Subdued dollar performance post-robust NFP report provides relief for EUR/USD buyers."* #### **Call to Action** *"Can EUR/USD sustain its recovery, or will sellers reassert dominance? Share your trade ideas and insights below!"*
Long
by RBSBALA
Nifty 50: Key Levels to Watch for Breakout or BreakdownHey Traders, Let’s talk about Nifty 50—it’s shaping up to be an interesting day on the charts. The index is moving in a tight range, and the key levels are now crystal clear. Whether you're a buyer or a seller, the next move could be the game-changer. Here’s what I see: For Buyers: Entry Point: Above 23,776 Stop Loss: 23,706 1st Target: 23,898 2nd Target: 24,014 For Sellers: Entry Point: Below 23,653 Stop Loss: 23,706 1st Target: 23,571 2nd Target: 23,460 Key Observations: The zone between 23,706 and 23,776 is critical, acting as a battleground between bulls and bears. Watch for volume spikes at breakout or breakdown levels to confirm the move's strength. Avoid premature entries and let the market show its hand before acting. Final Thoughts: These levels are based on technical analysis, but the market can be unpredictable. Stick to your plan, manage your risks, and remember: your capital is your top priority. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. If you found this analysis insightful, don’t forget to hit like and follow for more such content! For related trading ideas and educational posts, check out our profile @TraderRahulPal Let’s learn and grow together!
NSE:NIFTY
by TraderRahulPal
Nifty Trading Strategy for 7th January 2025This strategy is designed for intraday trading using the 15-minute candle closing levels as the basis for entry. It involves both buying opportunities above resistance levels and selling opportunities below support levels, with clear target levels for profit booking. Buy Strategy Entry Criteria: Initiate a buy position if the price breaks above the high of a 15-minute candle that has closed above 23,770. Wait for the 15-minute candle to close above 23,770. Identify the high of this candle, and place your buy order above that level. Target Levels: Book profits at the following levels in sequence: 23,815 23,860 23,912 Stop Loss: Place your stop loss just below the low of the 15-minute candle that triggered the buy entry. Sell Strategy Entry Criteria: Initiate a sell position if the price breaks below the low of a 15-minute candle that has closed below 23,550. Wait for the 15-minute candle to close below 23,550. Identify the low of this candle, and place your sell order below that level. Target Levels: Book profits at the following levels in sequence: 23,490 23,460 23,320 Stop Loss: Place your stop loss just above the high of the 15-minute candle that triggered the sell entry. Key Notes: Ensure proper risk management and position sizing based on your capital and risk tolerance. Always validate the trend direction and market sentiment before executing the strategy. Use technical indicators like moving averages or RSI as additional confirmation tools, if needed. Disclaimer: This strategy is for educational purposes only and should not be considered financial or investment advice. I am not a SEBI-registered financial advisor. Trading in the stock market involves substantial risk and can result in significant financial losses. Consult with a qualified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
Gold Trading Strategy for 7th January 2025Gold Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 2650 Sell Below: The low of the 15-minute candle that closes below 2625 Targets: Upside Targets: 2657, 2668, 2680 Downside Targets: 2618, 2608, 2600 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2650, aiming for targets of 2657, 2668, and 2680. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2625, aiming for targets of 2618, 2608, and 2600. 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.
OANDA:XAUUSD
by ramkkyy
THYROCARE: Long Term ViewThe chart of THYROCARE provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions
NSE:THYROCARELong
by NiftyNotions
ONGC: Prepared for a 20% RallyThe chart of ONGC provides delineates critical price thresholds that signify breakout point, along with specific support level that serve as indicators of where buying interest may manifest. Additionally, the chart highlights regions likely to act as resistance point for future price ascension, allowing for informed decisions on entry and exit strategies. Disclaimer: The information contained in this technical analysis report is intended solely for informational and educational purposes. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Investors are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
NSE:ONGCLong
by NiftyNotions
Natural Gas Intraday Technical Analysis for 7th Jan., 24🚀 Unlock the potential with my Natural Gas Intraday Technical Analysis for 7th January, 2025! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (DRTP): 310.60 📅 Day Range: 24.80 📈 Long Position 🔹 Buy Above: 310.33 🎯 Target 1: 325.93 🎯 Target 2: 335.40 ⛔ Stoploss: 302.06 📉 Short Position 🔹 Sell Below: 304.47 🎯 Target 1: 295.27 🎯 Target 2: 285.80 ⛔ Stoploss: 312.74 ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈 🚀 How to Trade with Numro Trader Intraday Levels Buy Setup 🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of the breaking candle. 🛒 Enter a buy order at the active level (DRTP or Buy Above). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP). ⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target. Sell Setup 🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of the breaking candle. 🛒 Enter a sell order at the active level (DRTP or Sell Below). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP). ⚠️ Exit Rule: Set stoploss of 3 points exactly from the active level. Avoid re-entering after achieving the target. #NaturalGas #IntradayTrading #NumroTrader
MCX:NATURALGAS1!
by NumroTrader
Crude Oil Intraday Technical Analysis for 7th Jan., 24🚀 Unlock the potential with my Crude Oil Intraday Technical Analysis for 7th January, 2025! ✨ Boost, follow, and engage for updates. Your support means a lot! 🚀❤️ 📍 Range Trigger Point (DRTP): 6308 📅 Day Range: 140 📈 Long Position 🔹 Buy Above: 6380 🎯 Target 1: 6395 🎯 Target 2: 6448 ⛔ Stoploss: 6333 📉 Short Position 🔹 Sell Below: 6346 🎯 Target 1: 6221 🎯 Target 2: 6168 ⛔ Stoploss: 6393 ✨ My strategies are backed by 6+ years of research and proven success in trading indices, commodities, and more. Connect to know more for Intraday Levels and Live Market Confirmations. 📈 🚀 How to Trade with Numro Trader Intraday Levels Buy Setup 🕒 Wait for a 5-Min. candle to close above DRTP or Buy Above level. 📈 Confirm breakout with a candle breaking the high of the breaking candle. 🛒 Enter a buy order at the active level (DRTP or Buy Above). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from below DRTP). ⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target. Sell Setup 🕒 Wait for a 5-Min. candle to close below DRTP or Sell Below level. 📉 Confirm breakout with a candle breaking the low of the breaking candle. 🛒 Enter a sell order at the active level (DRTP or Sell Below). 🎯 Target: Aim for Target 2 (if the market is coming directly from DRTP) or Target 1 (if coming from above DRTP). ⚠️ Exit Rule: Set stoploss of 30 points exactly from the active level. Avoid re-entering after achieving the target. #CrudeOil #IntradayTrading #NumroTrader
MCX:CRUDEOIL1!
by NumroTrader
Godavari Biorefineries Ltd - Correction is over - CMP 293It looks like the worst is over for the company as RSI has been flat while the price has been on a downward trend. Upward movement should start soon as the company has recently made significant strides in expanding its ethanol production capabilities and advancing sustainable chemical manufacturing. Investment in New Corn/Grain-Based Distillery On December 16, 2024, GBL announced a strategic investment of approximately ₹130 crore to establish a new 200 KLPD (kiloliters per day) corn/grain-based distillery. This facility will introduce dual-feedstock flexibility, allowing the use of both sugarcane and grains like maize. This adaptability aims to enhance production resilience against climate-induced disruptions and aligns with India's green energy objectives. Exclusive License Agreement with Catalyxx Inc Earlier, on December 2, 2024, GBL secured an exclusive license agreement with Catalyxx Inc to manufacture biobutanol and higher alcohols in India. This partnership is set to drive sustainable innovation in the chemical industry by leveraging Catalyxx’s bio-based chemicals technology. Can be a good long term bet. Expecting target of 600 by year end.
NSE:GODAVARIBLong
by cksharma418
SIEMENS BEARISH TREND ANALYSIS (SHORT)NSE:SIEMENS SIEMENS BEARISH TREND ANALYSIS Key Levels: Entry Point: ₹6,559.45 Stop Loss (SL): ₹6,732.85 Target Points: TP1: ₹6,339.95 TP2: ₹6,143.60 TP3: ₹5,747.50 Analysis:~ Trend Overview: Siemens is showing a bearish trend, confirmed by the price breaking an 8-month support level. The chart highlights potential downside targets with a disciplined stop-loss placement. Support and Resistance: The price has failed to sustain above the long-term support level, which has now turned into resistance. The trend suggests potential further decline toward the specified targets. Risk Management:~ Stop Loss at ₹6,732.85 ensures risk is minimized if the trade goes against the trend. Target levels are spaced for progressive profit booking. Chart Insights:~ Bearish Confirmation: Siemens has turned bearish, breaking below its 8-month support zone, signaling potential further downside movement. Resistance:~ The previous support level now acts as resistance. A stop loss is placed slightly above this level to mitigate risk in case of trend reversal. Profit Targets:~ TP1 and TP2 offer conservative profit levels, while TP3 provides a more aggressive downside target. Trend Direction: The 50-day and 200-day moving averages are sloping downwards, indicating sustained bearish momentum. Disclaimer: I am not a SEBI-registered advisor. This analysis is for educational purposes only. Trade at your own risk. Please consult a professional financial advisor before making trading or investment decisions. Thank you! Like and share if you found this helpful. Like,share,subscribe @Alpha_strike_trader
NSE:SIEMENSShort
by Alpha_strike_trader
5
BTCUSD TRADING POINT UPDATE READ >THE CAPTAINBuddy'S dear friend 👋 BTC USD Trading Signals 🗺️🗾 Update crypto trader BTC list week already take a break support level 91k back up trand list week post signals 🚀 analysis Done ✅ for target 🎯 point ☝️ now post again for New analysis technical patterns looks again buying zone right now 108k target 🎯💯 Analysis target we'll see 108k Resistance level 108k Support ✨ 99k Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎮
COINBASE:BTCUSDLong
by SMC-Trading-Point
GOLD TRADING POINT UPDATE > READ THE CAPTIANBuddy'S dear friend 👋 Trading Signals 🗺️🗾 Update Gold trading point still holding it Short Trade 🤠 list week market teach supply zone 2665 a rejected point below 👇 trend 📉📈 2624 back up trand tast 2640 back down 👇 trend good choice for selling it good luck 🤞🤞 Small target we'll see 2606 Analysis target we'll see 2537 Resistance level 2642 Support level 2624 2606 2537 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 that star ✨ game 🎮
FXOPEN:XAUUSDShort
by SMC-Trading-Point
PRUDENT Trading Within Fresh Weekly Demand ZonePRUDENT is currently trading at ₹2630, within a fresh Weekly demand zone ranging from ₹2804.95 to ₹2523.3, identified on 1st November 2024. This untested zone may attract buyer interest, presenting potential opportunities for investors to consider. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:PRUDENTLong
by rush12799
DBCORP Trading Within Tested Demand ZoneDBCORP is trading at ₹292.1, within its tested demand zone of ₹300 to ₹290.35, established on 31st October 2024. Since this zone has been tested, it indicates prior buyer activity. Investors may consider waiting for additional confirmation signals or price stability within the zone. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:DBCORPLong
by rush12799
SCI Trading Within Tested Demand ZoneSCI is trading at ₹204.45, within its tested demand zone of ₹208.45 to ₹202.05, established on 30th October 2024. As the zone has been tested, it suggests prior buying interest in this range. Investors may look for potential bullish signals or confirm further price stability before acting. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:SCILong
by rush12799