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Nifty50analysis

NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFITNIFTY50 is currently trading at 26075 & trading at new life time high. There are a lot of fundamental, technical & valuation reasons why I am taking this trade. I'm seeing a trading opportunity with very good RR. I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240 I will add more quantity around 100-120, if comes & Hold with stoploss of 40 Risk in this trade is 140 points & reward is huge. If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR. ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit. 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!
NLong
by akshit_official
8
Nifty 50 spot 24339.00 by Daily Chart viewNifty 50 spot 24339.00 by Daily Chart view - Most probable Resistance Zone seen at 24750 to 24875 for Nifty 50 Index - Gap Down Opening of 03-October-2024 got Filled Up and has been Closed - Gap Down Opening of 05-Aug-2024 of 336 points got filled in by downfall of Nifty 50 - 24050 to 24175 decent Support Zone and it seems Nifty reversed tad low from 24073.90 - Nifty 50 Index traversed inside Bullish Rising Price Channel till the end of September 2024 - Currently in Bearish Falling Price Channel but seems taking reversal at Support Zone 24050 to 24175 anticipating upside
NSE:NIFTY
by PIYUSHCHAVDA
Nifty Falls to 20400 by July 2024 ! *** PURELY EDUCATION PURPOSE*** This is a weekly candlestick chart of the Nifty 50 Index, a benchmark stock market index in India, showing price movements over time. Here's a breakdown: Candlesticks: Each candlestick represents the price action of a week. Green candles represent weeks where the price closed higher than it opened, indicating upward movement. Red candles represent weeks where the price closed lower than it opened, indicating a downward movement. Current Market Status: The chart shows a recent downtrend, where the Nifty 50 Index is falling. The most recent candle is red, showing a weekly decline of 2.71%. The latest price is 24,180.80, which is the level where the market closed at the time of the chart. Support Trendline: A blue upward-sloping trendline is drawn, connecting recent lows. This trendline represents a potential support level, where the price might bounce back after falling. Future Projection: There is a green shaded box near the lower part of the chart labeled "Market may come to this zone by July 2025". This suggests that possible decline in the Nifty 50 Index towards the 20,400 - 20,000 zone by mid-2025. This zone could act as a future support area. Context: The chart shows a medium-term view, with the projection implying that after the recent pullback, the market might continue to decline, potentially reaching the projected support level in the coming months. In summary, this chart reflects a possible bearish outlook for the Nifty 50, with a potential target zone between 20,000 and 20,400 by mid-2025, based on the current downtrend and the support trendline drawn.
NSE:NIFTYShort
by jsushant09
NIFTY50 - AN INGISHT FOR INVESTORSSymbol - NIFTY50 CMP 25305 If you are a long term investor, one thing that will help you to decide when to invest - Nifty monthly RSI. As and when RSI moved above 80, markets uniformly correctly (around 20% usually) & as and when RSI came below 40 level, markets uniformly rallied. Now RSI is at 82 Fundamentals are also showing that overall market is modestly overvalued. What you want to do or should you be worried ? tell me in comments below. P.S. : I'm out of all longs & have entered shorts.
NSE:NIFTYShort
by akshit_official
2
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub
Nifty 50 Reversal: Critical Levels and Sign of a Possible ReboudThe Nifty 50 index has been showing signs of weakness recently, as indicated by the red candle formations and the current price trending below crucial Fibonacci retracement levels. As of today, Nifty has been testing the support zones near the 0.618 Fibonacci level (24,402.75), which could serve as a pivot for a potential reversal. Let's dive into the factors suggesting a possible market bounce from here. Technical Overview 1. Fibonacci Retracement Levels: The price has pulled back from the recent highs around 26,272.50 and is hovering near the 0.618 retracement level at 24,402.75. A break below this level could lead the index toward the next key level at 23,893.70, the 100% retracement mark. On the upside, if the price manages to hold the 0.618 level, the next resistance would be the 0.5 level at 25,083.10. 2. Moving Averages: The 200-day moving average is still trending upward, signaling long-term bullish momentum. However, the 50-day moving average is flattening, indicating indecision in the medium term. The current price is hovering between the 50-day and 200-day moving averages, suggesting that the upcoming price action could be critical in determining the next major move. 3. MACD Analysis: The MACD histogram has turned negative, and the MACD line is crossing below the signal line. This is typically a bearish signal, but it’s worth noting that we are nearing oversold conditions, and a bullish crossover could be on the horizon if buyers step in at these key support levels. 4. RSI Divergence: The RSI is currently around the 36.77 level, nearing oversold territory. Historically, RSI readings below 40 in this range have often preceded significant rebounds in Nifty 50. Watch for bullish divergence as the RSI nears this key level, as it may indicate that downward momentum is weakening and that buyers could soon gain control. Institutional Flows Recent data suggests that Foreign Institutional Investors (FIIs) have been net sellers of Indian equities, particularly with large sell-offs in the cash segment amounting to ₹-8,293.41 crores on October 7, 2024. However, Domestic Institutional Investors (DIIs) have stepped in with a net purchase of ₹13,245.12 crores. This balance between FII selling and DII buying has helped stabilize the market, but FII futures purchases have added some positive momentum. Key Takeaways: Support Zone: The 0.618 Fibonacci retracement level (24,402.75) is a critical support. A strong bounce from this zone could lead to a reversal. Indicators: Oversold RSI levels suggest that the selling momentum is overextended, and we could see a shift in market sentiment. Institutional Activity: DII buying is providing much-needed support to the market, and FII futures activity shows some signs of optimism. Conclusion: Traders should watch for signs of a reversal, especially if the price holds above the 24,400 zone. Confirmation will come from a break above the 25,083 level, which would signify a change in short-term trend dynamics. A failure to hold current levels, however, could lead the index to test the 23,893 mark.
NSE:NIFTY
by strategystack
Nifty - Daily - OI- 25250 is support and resistance -25,082The Nifty 50 chart you've shared along with the Open Interest (OI) analysis highlights key aspects of the market. Here's a breakdown based on the chart: ### **Nifty 50 Index Analysis**: - **Fibonacci Levels**: - The chart shows a Fibonacci retracement with important levels. - **0.236 (25,719.65)**: Nifty recently corrected after hitting resistance around this level. - **0.382 (25,367.50)** and **0.5 (25,082.90)**: These levels represent potential support areas in case the index sees further downside. - The **0.618 (24,798.30)** level could act as stronger support if the correction deepens. - **Volume**: The increase in red bars indicates significant selling pressure, aligning with the recent decline in Nifty. - **Relative Strength Index (RSI)**: The RSI shows a bearish divergence and is sloping downwards from a high point. This suggests weakening momentum in the short term, potentially indicating further correction. ### **Open Interest Analysis**: - **Open Interest (OI) Distribution**: - Call OI at 25,250 indicates resistance around this level. - The highest **Put OI** is seen around 25,250, indicating strong support. - A Put Call Ratio (PCR) of **1.12** suggests more puts than calls, which is a moderately bullish signal for the index, though Nifty has seen a significant drop of **2.12%**. This combination of technical analysis and OI data suggests that while there may be further selling pressure or consolidation around current levels, the 25,250 mark could act as a crucial support level. If this level holds, we may see a rebound in the coming sessions, but breaking below could lead to a deeper correction.
NSE:NIFTYLong
by VCharts_TA