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December

Nifty 50 - Portfolio Colour similar to color of Christmas?Year endings have historically been famous for a big correction and 2024 is no different. As I had mentioned in my previous idea, 23900, 23300 are crucial support to Nifty and 24300, 24800 are strong resistances We had seen a good bounce from 23300 to 24780 and then a good fall once 24300 was broken again. 23200-23300 will be a key level to understand next trend for Nifty. As we can see, there is a confluence of trendlines and demand zone around 23200. If we see a bear trap forming at this zone, one can expect 25000+ levels in January 2025. But if 23200 is broken, bloodbath may continue till budget with next key support zones being 22700, 22000, 21500. Market is going to be volatile as we are going to see a change in lot size of Nifty 50 from new year. It is better to be sector specific for swing trading.
NSE:NIFTYLong
by chartistamey
2
Nifty Index Futures: Key Technical Insights for December 2024The Nifty Index Futures chart highlights significant market developments, signaling potential shifts in momentum. Here’s a concise analysis: Key Highlights Trendline Breakdown: The long-standing upward channel has been breached, indicating bearish pressure. Bearish Patterns: A confirmed head-and-shoulders pattern with a neckline breakdown suggests further downside. Emerging lower highs and lower lows confirm a bearish trend structure. Critical Levels: Resistance: 24,400 and 25,000. Support: 23,625, 23,222, and 21,827. Scenarios: Bullish: A recovery above 24,400 could target 25,000. Bearish: Sustained trading below 23,625 may lead to 23,222 or lower. Trade Plan: Short Trade: Consider shorting below 23,625 with a stop-loss at 24,000 and targets at 23,222 and 21,827.
NSE:NIFTY1!Short
by ayusharya_001
Morning Mantra, 5th December 2022Good Morning! We are glad that we could pre aware our followers, about being cautious on the last trading day. As by the end of the day, on Friday, we did observe a significant supply pressure in the Market. Well for now, there’s a need to be cautious as we have entered the month of December, which is the end of the Financial Year of the FIIs. Moreover, we are still with our words that with the support level of 18400 as of now, it is a good time to review your portfolio. Whereas, on a medium term, the support level can be 17800. So, with these support levels, be quite cautious, be stock specific and maintain a balanced approach towards your portfolio. Happy Investing! Nifty Levels 15270-15400-15580-15800  -16200-16350-16700-17300 -17800  -18100-18350    Nifty’s Previous Day Closing - 18696.10 (-116.40) Regards,  Alok Daiya
NSE:NIFTY
by alokdaiya
Consolidating Expiry! Option sellers adore consolidation.Still, there is intraday volatility. The market teaches us to adjust our positions based on intraday volatility, What we've seen in the last few expiries *It is good to see the nifty close above 17050. But looking at the chart, the weakness is still there. I will make a decision after watching the 17150 to 17300 range, because the 17200–17250 range acts as a support many times keep an eye on it. NIFTY opened with a gap up, but still, resistance is respecting what we can see. My weekly option selling - 17200 CE, 17150 CE, and 16850 PE, at last, 17000 PE made a good profit this week. We have one more expiry left. Let's see how December is going to end. I hope everyone is having a great year-end.
NSE:NIFTY
by Manuadarsh