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#Nifty directions and levels for January 9th, Thursday:Good Morning, friends! 🌞 Here are the market directions and levels for January 9th, Thursday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-down start, as the Gift Nifty indicates a -40 point negative opening. In the previous session, both Nifty and Bank Nifty first half fell drastically, and the second half took a solid pullback. This structure and sentiment suggest an unclear direction for the current market, so we should approach this a little bit conservatively. Let’s look at the charts. Bullish View: The bullish view indicates that even if the market opens with a gap-down, it could take a minor pullback. If this happens, the immediate resistance could be the pullback target. However, until it breaks the immediate resistance 23761, the market could consolidate between 23761 and 23546. If it breaks the immediate resistance, we can expect pullback continuation. Bearish View: This is similar to the first one, meaning initially we can expect a range-bound market. If it breaks the bottom of the range, we can expect a continuation of the correction. This is today's basic structure.
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 9 Jan 2025NIFTY Intraday Trade Setup For 9 Jan 2025 Bullish- Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23490 Invalid-Above 23540 T- 23250 NIFTY has closed on a flat note today. It gave a 2 way move in intraday. Sell trade did not go in favor, sl was hit. It has formed a Pinbar candle in daily TF. Above its high there can be a short covering move. However 23800 is key level in hourly TF. 23490 is rejection candle's low so below this there can be panic selling once again. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23490. T- 23250. 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 analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#Nifty directions and levels for January 8th, Wednesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 8th, Wednesday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a 20-point positive opening. In the last session, Nifty and Bank Nifty opened with a gap-up but didn’t rally much. Based on the wave structure, the market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. > Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. > based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the basic structure. Chart structures were discussed in the previous session and remain unchanged, so we can follow yesterday’s sentiment today as well.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Trade Setup | 7th January 2025Nifty opened with a minor gap-up, didn't sustain above our buy level 24055 and broke our sell level 23920 on the downside. Nifty made a low around 23550 and we saw good downside move today. Tomorrow, Buy Nifty if sustains above 23660 for the targets of 23710 and above marked level. On the other side, Sell Nifty if sustains below 23550 for the targets of 23490 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23660 Sell Below - 23550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY Intraday Trade Setup For 8 Jan 2025NIFTY Intraday Trade Setup For 8 Jan 2025 Bullish-Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23550 Invalid-Above 23600 T- 23300 NIFTY has closed on a slight bullish note with 0.39% gain today, majorly contributed through gap up opening. It was just at 23700 zone. Tomorrow index may slide again below 23600 as index is in good bearish grip. However free fall scenario possible below 23550. In case 23800 is taken out in the higher side then it can test 24k once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23550. T- 23300 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 directions and levels for January 7th, Tuesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 7th, Tuesday: Market Overview: The global market is maintaining a moderately bearish sentiment (based on the Dow Jones), while our local market is has a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gift Nifty showing an 70-point positive start. In the previous session, Nifty and Bank Nifty experienced a solid correction. what about next? even if it opens with gap-up start we can expect correction once if it rejects around the 38% mark. because if it takes pullback strucutrelly it couold be a 4th wave, 4th its a consolidation wave and the upcoming wave is 5th, 5th its a distribution wave so as per the structure the moment might be decrese during the 4th and 5th wave. lets look at the structure. Nifty Current View: The current view saying if the market opens with gap-up and its sustains then it could take 23 to 38% pullback in the minor swing. and structurally it could be a 4th wave. The 4th wave is a three-wave structure, and it could also be a consolidation wave. the 4th wave usually doesn't break the 38% Fibonacci level. so once its started to reject there then we can expect correction. this is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low then we can expect correction to the level of 23460 to demand zone. if this happens we should consider thats a 5th wave. 5th wave its a distribution wave so if it finds support around 23460 or the demand zone. then we can expect min od 23 to 38% pullback in the overall swing. (before entering the pullback entry pls check some reversal conformation.
NSE:NIFTY
by Manickamtraders
2
Nifty 50 Analysis: Key Levels and Trends for January 2025The Nifty 50 Index has experienced notable downward momentum recently, currently trading at 23,581, marking a 1.77% decline. Here’s a breakdown of the technical outlook: Channel Trends Descending Channel: The index is trading within a downward sloping channel (blue). It has respected both the upper and lower trendlines, suggesting the bearish trend remains intact for now. Broader Structure: The yellow trendlines highlight the long-term rising channel. Nifty remains well above the lower support of this broader channel, indicating a potential cushion if the selloff deepens. Key Fibonacci Levels The Fibonacci retracement and extensions indicate critical zones: 1.618 Level: 23,112, acting as immediate support. 3.618 Extension: 22,444, a deeper bearish target in case of further selloff. Support and Resistance Immediate Resistance: 24,791 (upper channel boundary). Critical Supports: 23,112 (1.618 extension). 22,444 (long-term support). Volume Analysis Significant volume spikes are observed during major selloffs, suggesting heightened institutional activity. A continuation of higher volume at lower prices may signal capitulation or accumulation. Outlook Bearish Continuation: As long as Nifty trades within the descending channel, expect further downside with supports at 23,112 and 22,444. Bullish Recovery: A breakout above 24,791 may signal a reversal, leading to potential upside targets near 26,000.
NSE:NIFTYShort
by ayusharya_001
NIFTY Intraday Trade Setup For 6 Jan 2025NIFTY Intraday Trade Setup For 6 Jan 2025 Bullish- Above 24230 Invalid-Below 24180 T- 24500 Bearish-Below 23900 Invalid-Above 23950 T- 23650 NIFTY has closed on a slight bullish note last week but technically it is a neutral candle. In daily TF, 50 EMA is tested and got rejected. Now if index gives 50 EMA breakout then we will maintain buy on dips approach. 24250 is the last hourly swing high, an important level for bullish reversal.23200 is major weekly level, breakdown will lead to a short term crash. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24230 then we will long for the target of 24500+. For selling we need a 15 Min candle close below 23900. 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 directions and levels for the second week of January:Nifty Previous Week Recap: Last week, Nifty moved in a three-way structure. It started on a negative note, shot up sharply midweek, and ended with a slight decline. Open interest indicates a bearish bias, but it hasn’t fully confirmed. This suggests a moderately bullish bias for now. Let’s examine the charts. Current View: If the week starts negatively, Nifty could reach a minimum of 23,624. After that: * If it consolidates or breaks below this level, the correction may continue. * However, if it holds above 23,624, it could turn into a range-bound market between the previous high and 23,624. Alternate View: If the market finds support around 23,934 and breaks the previous high, it could target 24,559–24,698. This range is a significant resistance, and the rally will continue only if it breaks this level. Otherwise, the market could remain range-bound. Final Note: * The US market has several major events this week, so each session may open with fluctuations. * The local market is entering the earnings season. * Charts: Both global and local markets are in a range. * Both Nifty and Bank Nifty have different structures as well as open interest. Expectation: The market is likely to remain range-bound with a negative bias this week.
NSE:NIFTY
by Manickamtraders
Nifty Trading Strategy for 6th January 2025 Nifty Trading Strategy Key Levels Buy Above: High of the 1-hour candle that closes above 24,080 Sell Below: Low of the 1-hour candle that closes below 23,930 Targets Upside: 24,125, 24,170, 24,220 Downside: 23,880, 23,870, 23,745 Strategy Summary Buy Signal: Initiate a buy order above the high of the 1-hour candle that closes above 24,080. Aim for targets of 24,125, 24,170, and 24,220. Sell Signal: Initiate a sell order below the low of the 1-hour candle that closes below 23,930. Aim for targets of 23,880, 23,870, and 23,745. Risk Management: Use a trailing stop-loss to manage risk and safeguard your capital. Make it a point to book profits at the specified levels. Disclaimer I am not SEBI registered. This strategy is derived from historical data and technical analysis. Past performance does not guarantee future results. Trading is inherently risky, and you should only invest money that you are willing to lose. It's essential to conduct your own research or consult with a financial advisor before making any trading decisions
NSE:NIFTY
by ramkkyy
NIFTY analysis for tomorrow 03 JAN 24As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going to provide good resistance. Important levels and trendlines have been marked on the chart. Support levels: 200 EMA, 23950, 50 EMA (23800) Resistance levels: 24167, Trendline (PINK), 24330 If we look at the OI data: PCR = 1.2, which shows a good bullish structure in the market. The market has 24200 as max pain. As it is the very beginning of the weekly expiry, OI data is not going to play a very crucial role. Lower sides 24000, 23900, and 23800 have very good PE writing, so bulls are quite strong on lower levels. On higher levels, 24500 has good CE writing, which is going to provide good resistance. I am expecting The market is to be sideways unless it breaks the PINK trendline. Reason: RSI = 77 shows a bullish structure. (Bullish) - Price > EMA(13, 50, 200), which indicates a good Bullish structure. (Bullish) PCR = 1.2 indicates bullish direction in the market. Price > VWAP shows a good bullish structure in the market.   Verdict: Sideways or Bullish Plan of action: Sell 24200 CE and Sell 24200. PE holds it in the range. Exit one leg if it breaks to one side.
NSE:NIFTYLong
by finnova_
11
Nifty weekly expiry analysis for 02/01/2025.Tomorrow is nifty first weekly expiry of the year. A consolidation is going on in the index and today also it closed in a range. If there is break out of the trendline on the upper side, chances of market retesting 24k levels are high. In case of a fail and market trading downside, a trend downside possibilities are there. 20-EMA and 50-EMA are acting as a resistance and once cleared higher EMAs can be tested. Option buyer be cautious of the expiry premium decay. Only trade the momentum. Major levels Upper resistance :- 24850, 24080 Lower support :- 23550, 23330.
NSE:NIFTY
by TheMamboMomentum
Nifty Trading Strategy for 30th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 23,940 Sell Below: The low of the 1-hour candle that closes below 23,750 Targets: Upside Targets: 23,979, 24,022, 24,080 Downside Targets: 23,727, 23,684, 23,630 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,940, aiming for targets of 23,979, 24,022, and 24,080. Sell Signal: Enter a sell position below the low of the 1-hour candle that closes below 23,750, aiming for targets of 23,727, 23,684, and 23,630. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy