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#Nifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th. Market Overview: There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today. What About Today? Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue. It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for December 11th.Good morning, friends! 🌞 Here are the market directions and levels for December 11th. Market Overview: There have been no significant changes in the global and local markets, and both are maintaining a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty maintained a range-bound structure, and we are still in a range-bound market. Until we break this range, we can't expect any directional movement; this is the basic structure. So, what about today? If the channel breaks either to the upside or downside, we can set our targets near the support and resistance levels. explain this in the chart. Nifty Current View: The current view indicates that if the market initially declines, it could reach the channel bottom. After that, if the channel breaks to the downside, you can expect the next targets to be between 24416 and the minor demand zone. Here, the minor demand zone will act as strong support. Alternate View: The alternate view suggests that if the market initially pulls back and breaks the channel to the upside, it could reach 24725 and 24780. The level of 24780 represents the 78% retracement in the minor swing, and usually, the range-bound market respects this level as resistance.
NSE:NIFTY
by Manickamtraders
NIFTY 50 index on a 2-hour timeframe, Pattern Identification: The chart shows a potential bullish pattern, likely a falling wedge or a symmetrical triangle, which is often considered a bullish reversal pattern after a downtrend. The pattern suggests that the price might break out upwards. Price Levels: The current price marked on the chart is 24,566.90 INR, with a timestamp of 01:20:22. Resistance and Support: The upper line of the wedge/triangle acts as resistance, while the lower line acts as support. The price has been oscillating between these lines. Volume: There's no volume data visible on this chart, but volume analysis would be crucial to confirm the breakout direction. Typically, a breakout accompanied by high volume is considered more reliable. Timeframe: This is a 2-hour chart, meaning each candlestick represents 2 hours of trading. This timeframe is often used by swing traders. Trend Lines: The trend lines forming the pattern are drawn from the recent swing highs and lows, converging towards the right side of the chart. Potential Breakout: If the price breaks above the upper trend line with significant volume, it might indicate a bullish move. Conversely, if it breaks below the lower trend line, it could suggest further downside. Target Levels: If this pattern resolves to the upside, the price might target the previous highs or significant resistance levels above the pattern, which could be inferred by extending the height of the pattern upwards from the breakout point. Risk Management: If trading this pattern, one might consider placing a stop-loss below the lower trend line or the recent low within the pattern to manage risk. Remember, while this pattern suggests a potential bullish move, it's important to consider other technical indicators, market sentiment, and broader economic conditions before making trading decisions. Also, patterns like these can fail, so risk management is key.
NSE:NIFTYLong
by thejatin
Nifty analysis for 11/12/2024. Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market. Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend. The moving averages on the hourly charts are near to the trading price and it can move either way. Major support levels :- 24500, 24330, 24170 Resistance levels :- 246660, 24770 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
#Nifty directions and levels for December 10th.Good morning, friends! 🌞 Here are the market directions and levels for December 10th. Market Overview: There have been no significant changes in the global and local markets, and both are maintaining a bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 15 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty maintained a range-bound structure. What about today? We are still in a range-bound market; therefore, we will follow yesterday's levels and sentiments. Until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction.explain this in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: The current view indicates that if the market initially pulls back, it could reach a minimum of 24,780, which is a strong resistance level. Until this zone is broken, the range market is likely to continue. However, if it breaks, we can expect the next targets to be 24,905 and 24,956. Alternate View: The alternate view suggests that if the market initially declines, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
Nifty Trading Strategy for 10th December 2024Nifty Analysis Key Levels: Buy Above: 24,660 Sell Below: 24,580 Scalping Strategy: Buy Signal : Enter a buy position above the high of the candle which closes above 24,660. Sell Signal: Enter a sell position below the low of the candle which closes below 24,580. Time Frames: Preferred Time Frame: 15-minute chart for better clarity and precision. Scalping Time Frames: 3-minute or 5-minute intervals for quick trades. Steps for Scalping: Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position. Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660. Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position. Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580. Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart. Additional Tips: Stay Updated: Keep an eye on market news and events that might impact Nifty. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Practice Patience: Wait for clear signals before entering a trade to avoid false moves. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
#Nifty directions and levels for December 9th.Good morning, friends! 🌞 Here are the market directions and levels for December 9th. Market Overview: There have been no significant changes in the global and local markets. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market also exhibits a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 30 points at 8:00 AM. In the previous session, due to the RBI policy, both Nifty and Bank Nifty experienced significant movements but ended with a range-bound structure. What about today? Currently, we are in a range-bound market; therefore, until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let’s explain this in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: According to the Gift Nifty, we can expect a slightly gap-down start, but even if it opens with a gap-down or neutral, it may take an initial pullback. If this happens, then 24,780 will act as a strong resistance. We have already discussed that this is a range market, so if it breaks, we can expect levels between 24,905 and 24,956. On the other hand, if it doesn’t break this level, the range will likely continue. Alternate View: The alternate view suggests that if the gap-down sustains, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
NIFTY50: INSTITUTIONAL LEVELS FOR 09/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
NIFTY Intraday Trade Setup For 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024 Bullish-Above 24860 Invalid-Below 24810 T- 25150 Bearish-Below 24490 Invalid-Above 24540 T- 24250 NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move. Coming to Monday'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 24490. T- 24250. 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 Trading Levels for 09th December 2024Nifty Trading Levels Buy Setup Entry: If the 15-minute candle closes above 24,730, place a buy order above the high of the candle. Targets: 24,850 24,950 25,030 Stop Loss: Below the low of the breakout candle. Sell Setup Entry: If the 15-minute candle closes below 24,570, place a sell order below the low of the candle. Target: 24,268 Stop Loss: Above the high of the breakdown candle. Disclaimer The above levels are shared for educational purposes only and should not be considered as financial advice. I am not a SEBI-registered analyst. Please consult a certified financial advisor or conduct your own analysis before making any trading decisions. Trading in the stock market involves risk; trade responsibly.
NSE:NIFTY
by ramkkyy
#nifty50 - 9th December!!NSE:NIFTY Understand the chart, observe the chart, implement according to this : 1. Support and Resistance Zones: - Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90). - "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75 or 25,101.45). 2. Trendlines: - The black diagonal lines are like train tracks guiding the price upward. As long as the price stays between these tracks, the upward journey is likely to continue. 3. Key Areas (Orange Zones): - The orange areas are hotspots where buyers and sellers fight the hardest. If the price enters these zones, it might pause or reverse. 4. What’s Happening Now?: - The price recently hit a high near 24,857.75 (a ceiling) and is now hanging around a lower level, testing its "safety net" around 24,648.10. - It’s like climbing stairs—if the price breaks through the next step (resistance), it could climb higher. But if it slips below the safety net, it might fall to the next step down. 5. What’s Next?: - If the price climbs above 24,857.75, we might see it reach new highs like 24,949.10 or even 25,101.45. - But if it falls below the support, it might drop to the next level around 24,373.90 or lower. In short, this chart tells a story of a market in an upward trend, but it’s at a critical point where the next move could be either up or down. Not a SEBI Registere [/b ]
NSE:NIFTY
by thetradeforecast
1
Nifty Intraday Levels | 3-DEC-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
Nifty analysis for 03/12/2024Nifty has been trading in a range for last five trading session and there are possibility of a trend reversal as the chart seems to me. It is trading around the Hourly EMAs and has closed above it after good fall on Thursday. If there is a break out of the resistance zone, 24500 can also be breached and new highs around 24730 can be seen. A base and W pattern formation is there around the low created. Buy on dip can be done once the crucial round number figure is taken out. Resistance :- 24350, 24500, 24940 Support zone :- 24090-24140 The market is looking strong for the coming days. Market reaching 25k this week or the next can be seen. Wait for the price action near the levels before entering the market.
NSE:NIFTYLong
by Mambotrade
NIFTY Intraday Trade Setup For 2 Dec 2024NIFTY Intraday Trade Setup For 2 Dec 2024 Bullish-Above 24190 Invalid-Below 24140 T- 24415 Sell-Below 24060 Invalid-Above 24110 T- 23850 NIFTY has closed on a bullish note with 1% gain last week. It filled the gap created on 25 Nov then recovered and formed a Pinbar candle in weekly charts. 24400 is last swing high in daily TF. Breakout will initiate a bullish reversal move. 50 EMA is also placed at swing high, breakout will turn sentiment bullish. 24190 and 24060 are intraday levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24190 then we will long for the target of 24415. For selling we need 15 Min candle close below 24060. T- 23850. 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 28 Nov 2024NIFTY Intraday Trade Setup For 28 Nov 2024 Bullish-Above 24360 Invalid-Below 24310 T- 24632 Bearish-Below 24120 Invalid-Above 24170 T- 23848 NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632. For selling we need a 15 Min candle closes below 24120. T- 23848. 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 Levels | 25-NOV-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
Nifty View 25 Nov. Nifty has crossed 24700 and now temporarily bullish and in pullback. Pullback is expected to go till 24200 in one leg then after slight reversal we can expected a bullish run of 500-1000 points. Tomorrow bullish setup is given in green box of chart. Above 24080 we should touch 24200+ Bearish only below 24700 for 24500. Disclaimer: The information disclosed here is for entertainment purposes only; it does not constitute investment advice. It cannot replace professional investment advice.
NSE:NIFTYLong
by IMStockwala
Nifty Trading Strategy for 12th November 2024Nifty Trading Strategy: Buy Above 24,236 / Sell Below 24,060 Current Price: 24,142 Key Levels: Buy Signal: If the price closes above 24,236 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,060 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,142, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,100 to 24,200 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,236 on the 15-minute candle close, consider entering long positions with targets at 24,300 and 24,400. Sell: If the price breaks below 24,060 on the 15-minute candle close, consider short positions with targets at 23,900 and 23,800. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Trading Strategy for 6th November 2024Nifty Trading Strategy: Buy Above 24,325 / Sell Below 24,150 Current Price: 24,214.00 Key Levels: Buy Signal: If the price closes above 24,325 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,214.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 24,300 to 24,350 levels, which could act as resistance. Recommendations: Buy: If the price sustains above 24,325 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY Intraday Trade Setup For 4 Nov 2024NIFTY Intraday Trade Setup For 4 Nov 2024 Bullish-Above 24380 Invalid-Below 24330 T- 24600 Bearish-Below 24170 Invalid-Above 24220 T- 24900 NIFTY has formed a halt candle in weekly TF. After continuous selling since 27 Sep it took a pause in weekly TF. 23700 target which was said when index went below 24k is still pending. Also it was said that we need to keep an eye on PDH for trailing the positional short trade. If index closes above PDH then bearish sentiment may take a halt so will close short view then. 24380 and 24170 are intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24380 then we will long for the target of 24600. For selling we need a 15 Min candle close below 24170. T- 23900. 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 28 Oct 2024NIFTY Intraday Trade Setup For 28 Oct 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24550 Bearish-Below 24070 Invalid-Above 24120 T- 23770 NIFTY has closed on a bearish note last week. We already discussed last week that index is approaching 23700 zone. It is in flow since then in the downside. Also keep on riding with PDH as trailing SL. If a daily candle closes above PDH then we will exit our shorts and wait for fresh trade setup positionally. 24280 and 24070 are intra levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 post pullback then we will long for the target of 24550. For selling we need a 15 Min candle close below 24070. T- 23770. 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