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NIFTY Intraday Trade Setup 30 Dec 2024NIFTY Intraday Trade Setup 30 Dec 2024 Bullish-Above 23965 Invalid-Below 23915 T- 24200+ Bearish-Below 23790 Invalid-Above 23840 T- 23550 NIFTY has closed on a halt note with minor gain of 0.96% last week. It has traded in a narrow range of 1% the whole week. It has compressed and formed a inside candle in weekly TF. We will maintain bearish stance and sell on rise approach till index trades below 50 EMA. Bearish sentiment will be stronger till it closes below PDH. 23965 and 23790 are intra levels for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23965 then we will long for the target of 24200. For selling we need a 15 Min candle closes below 23790. T- 23550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty to Kick-Start the Year with a Pause!● A detailed examination of the daily chart reveals the emergence of an Inverted Cup and Handle pattern, suggesting a bearish outlook. ● However, the index is currently hovering above the critical support level of 23,500, while attempting to establish a foothold above the 200-period EMA, a key dynamic support. ● Furthermore, options data indicates a significant concentration of put writers at the 23,500 strike price, lending additional credence to the support zone. ● Given these technical and sentimental factors, we expect the index to remain in a consolidative phase over the next month, as market participants await a clear catalyst for direction.
NSE:NIFTY
by GoodluckCapital
Nifty Intraday Support & Resistance Levels for 30.12.2024On Friday, Nifty opened with a gap-up at 23,801.40, briefly dipped to a low of 23,800.60, and climbed to a high of 23,938.85, entering the 75m supply zone. However, selling pressure pushed it back down to close at 23,813.40, securing a modest gain of 63 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Levels: - 23,263 (low of 21st November 2024) - 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty’s journey into the 75m supply zone shows the current resistance levels. Watch for a break above the daily resistance zone of 24,149.85 - 24,394.45 for potential bullish momentum. On the downside, the 75m demand zone at 23,447.15 - 23,578.60 will be crucial for support.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 27.12.2024On Thursday, Nifty opened gap-up, reaching a high of 23,854.50 before dipping to a low of 23,653.60. It ended the session at 23,750.20, gaining 22 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 26.12.2024On Tuesday, Nifty opened flat to positive, climbing to a high of 23,867.65 as it entered the 15m supply zone. However, selling pressure pulled it back to a low of 23,685.15. It ended the day at 23,727.65, losing 25 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's movement on Tuesday highlights the impact of the 15m supply zone resistance. If the near-demand zones hold, we may see a recovery toward 23,900 or higher levels. However, a break below the 75m demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 24 Dec 2024NIFTY Intraday Trade Setup For 24 Dec 2024 Bullish-Above 23900 Invalid-Below 23850 T- 24118 Bearish-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118. For selling we need a 15 Min candle close below 23530. T- 23230. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 24.12.2024On Monday, Nifty opened with a gap-up, climbing to a high of 23,869.55 before dipping to a low of 23,647.20. It eventually closed at 23,753.45, gaining 165 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,831.35 - 23,869.55 Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As anticipated, Nifty rebounded from the 75m Demand Zone after five consecutive negative sessions and its oversold condition. If the 75m support zone holds, there’s potential for bullish movement toward 24,150 - 24,400.
NSE:NIFTY
by PriteshPalan
The Week Ahead for Nifty: Trends and InsightsLast week, the Nifty index faced strong selling pressure, driven by various global economic factors. ◉ Current Scenario ● At present, the Nifty is trading near its 200 EMA, just above 23,500, a level with high put writer concentration, indicating potential support. ● Conversely, the 24,000 level will act as an immediate resistance due to the high number of Call contracts open at that position. ◉ Expected Market Movement ● This week is likely to be muted for the Nifty. ● If the index slips below 23,400, the next support level will be 23,000. ● A major upward move is expected only if the Nifty surpasses 24,800.
NSE:NIFTY
by GoodluckCapital
1
Nifty Intraday Support & Resistance Levels for 23.12.2024On Friday, Nifty opened flat to positive and climbed to a high of 24,065.80, briefly crossing the previous day’s high. However, heavy selling pressure pushed it to a day low of 23,537.35, entering the 75m Demand Zone mentioned earlier. It closed negative for the 5th consecutive session at 23,587.50, losing 364 points. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has turned negative. Demand/Support Zones Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty has lost over 1,200 points during its five-day losing streak, entering an oversold zone on the 75m timeframe. With prices touching the 75m Demand Zone (23,447.15 - 23,578.60), there’s potential for a bounce back, provided the support holds.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 23 Dec 2024NIFTY Intraday Trade Setup For 23 Dec 2024 Sell_1- From 23970 Invalid-Above 24020 T- 23700 Sell_2-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed on a bold bearish note with 4.77% cut last week. Last weekend we discussed that index will be buy on dips till index is above 50 EMA in daily TF. On 17 Dec it closed below that. We will still maintain sell on rise approach till it is below 50 EMA and till it closes below previous day low in daily TF. If tomorrow's 10 o'clock range breaks in the upside then chance of rebound is there so keep an eye. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 23530 then we will short for the target of 23230. In case 23970 is tested then we will short from there. T- 23700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 20.12.2024On Thursday, Nifty opened with a huge gap-down, touching a low of 23870.30, taking support near the 61.8% Fibonacci retracement level, and slightly recovering to a high of 24004.90. It ended the session at 23951.70, breaking below the critical 24000 psychological mark, losing 247 points. This marks the fourth consecutive negative session. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are sideways. Demand/Support Zones Near Support: 23872 (61.8% Fibonacci retracement level) Near Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support: 23263 (low of 21st November 2024) Far Demand/Support Zone (Daily): 21791.95 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Key Insights Nifty continues to face strong resistance at 24700 - 25000 levels and has now fallen below 24000, a key psychological level. If 25000 is not reclaimed soon and 23000 breaks, the index could witness further downside or prolonged sideways movement in the coming months.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 20 Dec 2024NIFTY Intraday Trade Setup For 20 Dec 2024 Bullish-Above 24010 Invalid- Below 23960 T- 24220 Bearish-Below 23850 Invalid-Above 23900 T- 23650 NIFTY has closed on a bearish note with 1% cut today. It opened with a big gap down due to global cues and it sustained the gap down. 10 o'clock range was to be used but index traded between the same for the whole day. 24k was tested multiple times so if index sustains above 24k then chance of a gap filling can be there. Below 23850 plain vanilla trendy short can be planned. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24010 then we will long for the target of 24220. For selling we need a 15 Min candle close below 23850. T- 23650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 18 Dec 2024NIFTY Intraday Trade Setup For 18 Dec 2024 Sell_1- From 24590 Invalid-Above 24640 T- 24400 Sell_2-Below 24300 Invalid-Above 24350 T- 24000 NIFTY has closed on a bearish note with 1.35% cut today. Yesterday we discussed that index will be bearish below 24570 and exact mentioned target of 24310 was met. Now index may continue bearish move. A good short below 24300 in case of flat opening. If at all it gaps up then 24590 will be intraday resistance as per half bat. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24300 then we will short for the target of 24k. 24590 will be pullback short level in case 24300 is safe. T- 24400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 18.12.2024On Tuesday, Nifty opened with a gap-down, made a high of 24624.10, and dropped to a low of 24303.45, entering the 15m Demand Zone. It closed at 24336, losing 332 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from positive to sideways. Demand/Support Zones Near Demand/Support Zone (15m): 24180.80 - 24342.50 (current price inside the zone) Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Key Insights Current Major Resistance Zone: 24700 - 25000 Current Major Support Zone: 23900 - 24300 A breakout above resistance or a breakdown below support will likely determine the next significant move.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 17 Dec 2024NIFTY Intraday Trade Setup For 17 Dec 2024 Bullish-Above 24860 Invalid-Below 24810 T- 25150 Bearish-Below 24570 Invalid-Above 24630 T- 24310 NIFTY has closed on a bearish note with 0.4% cut today. It has formed an inside candle in daily TF at previous swing high. In case it breaks 24800 tomorrow then a good momentum in the higher side can be seen as per compression setup. In case 24570 is broken then it can trigger a fall towards 24300. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150. For selling we need a 15 Min candle close below 24570. T- 24310. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 16 Dec 2024NIFTY Intraday Trade Setup For 16 Dec 2024 Bullish-Above 24870 Invalid-Below 24820 T- 25150 2nd Buy-From 24485 Invalid-Below 24435 T- 24660 NIFTY has closed on a slight bullish note with 0.37% gain last week. Whole week was contracted and only on last day of the week there was good length move in intraday. It has formed an inside candle in weekly TF which also resembles contraction. Overall index is buy on dips till it is above 50 EMA in daily TF. 24870 is the breakout level and 24485 is strong support zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25150. We will buy from 24485 in case it is tested. T- 24660. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Rebound Revival: Will Nifty's Upward Trajectory Continue?● After experiencing a notable decline from its peak, the broad index has found support around the 23,250 level. ● Since then, it has demonstrated a strong recovery and is currently trading just below the key resistance level of 25,000. ● In the near term, the range between 23,900 and 24,000 is expected to act as support. ● We can anticipate a phase of consolidation between these immediate support and resistance levels, as suggested by the open interest data. ● Additionally, the 2-hour chart reveals the formation of an Inverted Head & Shoulders pattern, suggesting a bullish outlook. ● However, for a substantial upward movement, the Nifty must break through and maintain its position above 25,000.
NSE:NIFTYLong
by GoodluckCapital
Nifty Intraday Support & Resistance Levels for 12.12.2024On Wednesday, Nifty opened flat to positive, tested a low of 24583.85 and a high of 24691.75 during the session. It closed at 24641.80, gaining 31 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is positive, indicating a cautiously optimistic outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Critical Level: Nifty is facing resistance around 24700. If it fails to sustain above this level, a correction towards 24370 or lower can be expected.
NSE:NIFTY
by PriteshPalan