Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy
Trading Plan:
Buy Above 23,625
Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle.
After confirmation, initiate a BUY position.
Target Levels:
Target 1: 23,700
Target 2: 23,750
Sell Below 23,350
Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle.
After confirmation, initiate a SELL position.
Target Levels:
Target 1: 23,298
Target 2: 23,100
Current Value:
Nifty Spot Index: 23,454
Support and Resistance Levels:
Supports:
23,298: Key level where buying interest might emerge.
23,100: Strong support zone that could hold in case of heavy selling pressure.
Resistances:
23,700: Initial hurdle for the upward move.
23,750: Major resistance level, likely to cap any strong bullish momentum.
Key Notes for Traders:
Use these levels as a reference for trading Nifty Futures and Options.
Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy.
Book Profits at regular intervals and use trailing stoploss.
Disclaimer:
I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
Futurestrading
AU SMALL FINANCE BANK - SWING TRADING IDEASymbol - AUBANK
AUBANK is currently trading at 575
I'm seeing a trading opportunity on buy side.
Buying AUBANK Futures at 575
I will add more long position at 566, if comes.
Holding with SL of 558
Targets I'm expecting are 600 - 620 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
COAL INDIA - SWING TRADE ON LONG SIDESymbol - COALINDIA
COALINDIA is currently trading at 421
I'm seeing a trading opportunity on buy side.
Buying COALINDIA Futures at 421
I will add more long position at 412, if comes.
Holding with SL of 405
Targets I'm expecting are 440 - 452 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX COTTON CANDY - TRADE IDEA ON LONG SIDESymbol - COTTONCNDY1!
COTTONCNDY1! is currently trading at 55800
I'm seeing a trading opportunity on buy side.
Buying COTTONCNDY1! Futures at CMP 55800
I will add more quantity at 55000, If comes. Holding with SL 54200
Targets I'm expecting are 57150 - 58200 & 59200
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BERGER PAINT - FUTURE TRADING IDEA ON LONG SIDESymbol - BERGEPAINT
BERGEPAINT is currently trading at 491
I'm seeing a trading opportunity on buy side.
Buying BERGEPAINT Futures at 491
I will add more long position at 480, if comes.
Holding with SL of 470
Targets I'm expecting are 512 - 525 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
HEAD & SHOULDERS PATTERN IN NIFTY. TIME TO SELL AGAIN ?Symbol - NIFTY50
CMP 24800
Nifty50 has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame. We can see a Head & Shoulders pattern getting formed on daily TF in Nifty. Such patterns on larger time frame don't usually fail. Nifty is currently trading near neckline of this pattern. Breakdown & sustaining below this neckline zone 24730 - 24690 will get this pattern activated & we can see big target towards downside.
Target on downside can be 23370
P.S. : My short position is already active from 25000
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX COPPER - TRADE ON SHORT SIDESymbol - COPPER1!
COPPER1! is currently trading at 854
I'm seeing a trading opportunity on sell side.
Shorting COPPER1! Futures at CMP 854
I will add more quantity at 860, If comes. Holding with SL 868
Targets I'm expecting are 837 & 817
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Nifty for muhurat Trading 01.11.2024Nifty 50 Analysis: Buy Above 24,360 / Sell Below 24,150
Current Price: 24,206.00
Support Levels: 24,100, 24,000
Resistance Levels: 24,500, 24,600
Key Points:
The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500.
A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond.
Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower.
Recommendations:
Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740.
Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900.
Tight Range Breakout | MFSLFor Education Purpose only!!!!
**MFSL stock is already up by 3%, but it’s holding up well in this falling market. I'm charting this stock just for my own perspective and clarity, though I may not be 100% accurate.**
FIIs are playing their old trick:
1️⃣ Push prices down 📉
2️⃣ Buy cheap stocks 💰
3️⃣ Wait for rate cuts 📊
4️⃣ Profit big in the next bull run! 🚀
Retail investors, don’t fall for the fear!
✅Stay invested—smart money knows a bull run is coming!
News has circulated about the index predicting a target of 24,000 for Nifty and 50,500 for Bank Nifty. The price has already been quoted in the reports.
⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
💡FNO Stocks Trading📉📈📊
✅Check out my TradingView profile to see how we analyze charts and execute trades.
💡✍️Applied Tools:-
✅Strong Chart Pattern Breakout
✅Channel Pattern
✅Range Breakout
✅Resistance becomes support
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
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Navigating Change: The Impact of SEBI's F&O PolicySEBI's new rules for F&O traders will take effect on November 20. The changes include increasing the contract size for index derivatives from Rs 5-10 lakh to Rs 15-20 lakh, which i believe is not a good idea. They are also reducing the number of weekly expiry options for index derivatives, which i see as a positive change. However, the decision to eliminate weekly expiry for Bank Nifty options is viewed negatively.
It's hard to understand what SEBI is trying to achieve. i think the chairman believes she is making smart decisions, but it feels quite the opposite. It seems like they want to take more money from retail investors while claiming to act in their best interest. Increasing taxes, raising contract sizes, and removing Bank Nifty weekly expiration's doesn’t seem helpful for the stock market or retail traders. Retail investors and traders play a crucial role in providing liquidity for institutional investors, generating tax revenue for the government, and maintaining market vitality. However, it appears that SEBI primarily favors large traders and investors, which may seem unfair to the retail segment.
Instead of educating retailers, there appears to be a focus on restricting their earning opportunities in the stock market. In the future, this may leave only major players able to trade in India's stock market. SEBI should realize that there are many stock markets in different countries, and if retail investors and traders face restrictions here, they will move on to Forex or US stocks, which often offer higher leverage and lower brokerage fees. Retail traders will trade regardless.
The solution should be to educate investors and give them the freedom to make their own choices. I hope that in the future, SEBI will have a knowledgeable chairman who understands these issues better.
BAJAJ FINANCE - SWING TRADE ON SHORT SIDESymbol - BAJFINANCE
BAJFINANCE is currently trading at 7800
I'm seeing a trading opportunity on sell side.
Shorting BAJFINANCE Futures at CMP 7800
I will be adding more position if 8000 comes & will hold with SL 8220
Targets I'm expecting are 7450 - 7225 & 7050
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
ASHOK LEYLAND - SHORT TRADE FOR HUGE PROFITSymbol - ASHOKLE
ASHOKLE is currently trading at 260
I'm seeing a trading opportunity on sell side.
Shorting ASHOKLE Futures at CMP 260
I will be adding more position if 270 comes & will hold with SL 273
Targets I'm expecting are 242 - 225
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BERGER PAINT - SWING TRADE ON SHORT SIDESymbol - BERGEPAINT
BERGEPAINT is currently trading at 627
I'm seeing a trading opportunity on sell side.
Shorting BERGEPAINT Futures at CMP 627
I will be adding more position if 635 comes & will hold with SL 643
Targets I'm expecting are 602 - 586 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Sebi's F&O Regulation May Hit 30% of Zerodha's OrdersMarkets regulator Sebi's decision to impose stricter regulations in the F&O segment could affect up to 60% of overall F&O trades and approximately 30% of Zerodha's total orders, according to CEO Nithin Kamath. He noted that if traders don't shift from weekly to monthly trades, the impact could be significant. Zerodha has not yet altered its pricing structure and will evaluate the need to increase brokerages once the new regulations take effect on November 20.
Share your views on the comments.
BALRAMPUR CHINI - SWING TRADE ON SHORT SIDESymbol - BALRAMCHIN
BALRAMCHIN is currently trading at 610
I'm seeing a trading opportunity on sell side.
Shorting BALRAMCHIN Futures at CMP 610
I will be adding more position if 630 comes & will hold with SL 640
Targets I'm expecting are 575 - 550 - 530 & below.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NIFTY50 - TIME TO SELL ?Symbol - Nifty50
Nifty50 is currently trading at 24840
I'm seeing a trading opportunity on sell side.
Shorting Nifty Futures at CMP 24840
I will be adding more if 25000 comes & will hold with SL 25200
Targets I'm expecting are mentioned in the chart above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BIRLA SOFT - SWING TRADE ON LONG SIDESymbol - BSOFT
BSOFT is currently trading at 565
I'm seeing a trading opportunity on buy side.
Buying BSOFT Futures at 565
Holding with SL of 545
Targets I'm expecting are 590 - 618 - 650
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
short term trading opportunity in Balrampur Chinidoe 20% upsideHi,
NSE:BALRAMCHIN has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
"SEBI's Proposal: A Threat to Small Retail Traders"
The Securities and Exchange Board of India (SEBI) has proposed new rules to reduce the high volume of derivatives trading. One of these measures is to increase the minimum trading amount, known as the lot size, to ₹20-30 lakh. This is a concern for small retail traders who make profits, as it will make it difficult for them to trade.
However, the same SEBI allowed daily expiries for Nifty options, which has further led to an increase in trading volume. Now, they are proposing to switch back to weekly expiries, which is a good move actually. However, if the lot size is increased, only big players will be able to trade and earn profits, while small retail traders will either have to stop trading or borrow money to trade. But what if most of these traders borrow money and end up making losses again? In that case, this change is not a solution
The government claims that these new rules are beneficial for retail traders because many of them are experiencing significant losses. However, I believe this is nonsense. The government previously praised retail traders for participating in the market and even the National Stock Exchange (NSE) considered extending trading hours before. But everyone knows that many retail traders incur losses due to a lack of knowledge about the market and greed.
There are numerous social media fake influencers who deceive people by showcasing fabricated profits and promising easy money. These influencers attract individuals who are desperate for an additional source of income due to their low salaries, grueling work hours, or unemployment. These people yearn to earn money quickly without investing excessive time.
So Banning influencers who provide false P&L statements : Regulators can take action against influencers who mislead the public by presenting fake trading records, making it difficult for them to continue operating.
Implementing a "cooling period" for traders : If a trader consistently incurs losses for six months, their trading account can be temporarily blocked or restricted, giving them time to reassess their investment strategy.
Reintroducing traditional expiry methods : reverting back to the old expiration method (instead of daily expiration), the market may become more stable and less prone to excessive trading volumes.
By implementing these measures, the government and regulatory bodies can reduce trading volumes in derivatives and protect investors from fraudulent activities.
" Finally I respectfully ask SEBI to reconsider their proposal. There are many retail traders who have a good income, but they don't have a lot of money to start with. It's like starting a small business - you usually start with a little money and then gradually add more as the business grows. It would be unfair to require retail traders to start trading with a large amount of money.
PFC - POSITIONAL SHORT OPPORTUNITYSYMBOL - PFC
CMP - 510
PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance.
I'm seeing a trading opportunity on sell side in PFC.
Shorting PFC Futures at CMP 510
I will be adding more if 535 - 540 comes & will hold with SL of 562
Targets I'm expecting are 418 - 402 & 388
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
THE RAMCO CEMENTS - SEIZING THE LONG SWING OPPORTUNITYSymbol - RAMCOCEM
Ramco Cements is currently trading at 772
730 - 770 is a good support area for The Ramco Cements.
I'm seeing a trading opportunity on buy side.
Buying Ramco Cement Futures at CMP 772
I will be adding more if 745 comes & hold with SL of 730
Targets I'm expecting are 812 - 845 - 930 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY
CMP - 51720
BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside.
According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking.
Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720
I will add more position at 52000, if comes & will hold with SL of 52200
Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens.
RR is very favorable here. That's why taking more position than usual.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!