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.
Niftyintradaylevels
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.
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.
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.
NIFTY Intraday Trade Setup For 15 Oct 2024NIFTY Intraday Trade Setup For 15 Oct 2024
Bullish-Above 25160
Invalid-Below 25110
T- 25470
Bearish-Below 25000
Invalid-Above 25050
T- 24790
NIFTY has closed on a bullish note with 0.66% gain today. Index has regained 50 EMA after a week and closed above PDH. Chances of bullish continuation as per previous bullish pick-up behaviour. Above 25160 index likely to close on a bullish note tomorrow. Below 25k index will be bearish again.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25160 then we will long for the target of 25470.
For selling we need a 15 Min candle close below 25k. T- 24790.
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.
Nifty Intraday Levels | 14-OCT-2024This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points:
1️⃣ Zones to Focus on:
👉Green Zone: Represents institutional support.
👉Red Zone: Indicates institutional resistance.
👉Gap Between Zones: Typically ranges from 100-200 points.
👉Zone Creation: Uses pivot points and Fibonacci levels.
👉Price Action: An advanced version for refined entries and exits.
👉Chart Reference: Trades are executed based on the Nifty futures chart.
2️⃣ Trade Execution:
👉Order Flow Data: Trades are triggered by tracking the market's order flow.
👉Timeframes: Focus on the 1-minute and 5-minute charts for quick scalps.
👉Risk-Reward Ratio: Strict 1:2 (Risk 1 to gain 2).
👉Strike Price: Target at-the-money (ATM) or slightly in-the-money (ITM) options.
👉Position Sizing: Customize based on personal risk tolerance.
3️⃣ House Rules:
👉Sharp Execution: Be ready at 9:15 AM for market open.
👉Risk Management: Always a priority.
👉Quick Trades: Fast execution "morning breakfast".
👉Strict Stop-Loss: Set at 10 points to limit losses.
This method is well-structured for traders who prioritize risk management and quick scalping opportunities in the Nifty market.
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Nifty weekly expiry analysis for 10/10/2024Market has given a nice movement and for two days it remained in a range but is volatile.
There are chance of market either follow the bearish trend or form a 'W' pattern.
Nifty has closed around crucial levels from where it can either reverse the trend or continue falling.
Major support level :- 24760, 24600
Resistance level :- 25210, 25480
The weekly expiry can show a trending move after a break out or break down.
Wait for the price action near the levels before entering the market.
Nifty Intraday Levels | 23-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
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Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained.
After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup.
How to Trade -
1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability)
2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability)
3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected.
4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
Nifty Analysis for Tomorrow (intraday Trading Setup-options)Today market opened Gapup but not sustained.
After 2 Pm price created a support and at the time closing bounce little bit and closed so tomorrow morning possibility of a Gapup.
How to Trade -
1. If opens Gapup and falls but sustain today's low and then a bounce is expected after support creation.(High probability)
2. If opens Gapup/flat -moves upside and unable to hold at upper levels then there will be a selling on rise day.( Less probability)
3. If opens Gapup/flat -moves upside and test next resistance and hold at High level then bounce will be expected.
4. If opens gapdown or falls to next support then also bounce will be expected after support creation (highest probability)
Nifty Intraday Levels | 13-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty Intraday Levels | 9-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty 50: Critical Support Zone at 24,460 The market is currently hovering near key Fibonacci retracement levels, with 24,460 acting as a strong support zone. This area aligns with the 0.618 Fibonacci retracement from the recent rally, providing a significant level for buyers to potentially step in. The market has already tested the 38.2% retracement level and held above it.
Key Scenarios:
Gap-Down Scenario:
If the market opens with a gap down near the 24,500 level, we may witness a bounce-back, leading to a green candle that could move towards the current closing price. The 24,460 support level is expected to hold, making this a critical area for a potential reversal.
Flat or Slight Gap-Down Opening:
Should the market open flat or with a small gap-down, we could see a red candle that may extend to the 24,460 level. This would likely be the lowest point before buyers step in, supported by both the 0.618 retracement and the rising trendline visible on the chart.
Gap-Up Scenario:
If the market gaps up and holds the current closing price (24,857.50), there’s a possibility of testing the 25,000 level. A successful breakout above this could signal further momentum, potentially leading to a rally towards 25,600.
Conclusion:
The 24,460 zone remains a strong support level, while 25,000 acts as the next major resistance. A break above 25,000 could initiate a continuation toward 25,600, while a gap down will test the 24,460 support and it should most likely hold if nothing worse happens around the world.
Disclaimer:
This idea is presented solely for educational purposes and should not be considered financial or trading advice.
Nifty weekly analysis for 09/09/2024.The index after a long time has given some momentum on intraday basis and closed below the psycological number of 25k.
A bearish engulfing candle on the weekly time frames shows some weakness on the charts. If the market starts trading below the 24800 levels, there are chances of testing lower levels.
Hourly 200 ema is also around the support zone, while the daily candle closed below the 20 ema.
Major support levels :- 25800, 24600, 24230
Resistance levels :- 24960, 25100
The level and the pattern formed around it shows a significant bearish upcoming move in the market.
There are chance of market testing the lower levels as the market cycle seems to chance.
Wait for the price action near the levels before entering the market.
NIFTY Intraday Trade Setup For 4 Sep 2024NIFTY Intraday Trade Setup For 4 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed on a flat note today. Nothing triggered as per trade setup so same levels are valid for tomorrow. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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.
Nifty Intraday Levels | 3-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
NIFTY Intraday Trade Setup For 3 Sep 2024NIFTY Intraday Trade Setup For 3 Sep 2024
Bullish-Above 25350
Invalid-Below 25300
T- 25492
Bearish-Below 25230
Invalid-Above 25280
T- 25025
NIFTY has closed almost on a flat note with slight gain of 0.17% gain today. It opened with 100 points gap up and did not sustain that. Index was overall momentum less. This momentum less market will continue till VIX is below 15. Kindly avoid huge exposure in direction trading especially in option buying as market is dull. 25350 and 25230 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 25350 then we will long for the target of 25492.
For selling we need a 15 Min candle close below 25230. T- 25025.
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.
Nifty Intraday Levels | 27-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty Intraday Trade Setup | 26th AugustNifty opened with a gap-up, and saw follow-up buying above 24920 and Nifty made a high at 25043. We suggested buying Nifty CE in morning which gave move from 180 to 320.
For tomorrow, buy Nifty if sustains above 25050 we expect to see an up-move towards 25090 and above levels. On the other side, if Nifty breaks 24960 on the downside we may see 24920 and lower levels marked the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 25050
Sell Below - 24960
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Intraday Levels | 26-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty weekly analysis for 28/08/2024.Nifty is stuck in a range and has slowly recovered after a retest. Yet there were no opportunities for option buyers this week.
If the market breaks out of the range, there are high chance of a fake out, as it has been rallying for last few days.
Small quantities can be traded in a bullish trade. In case of break down, a good profit booking rally can be captured.
Major levels :- 24870, 24960, 25050
The supports are nearby and market can reverse after testing the zones.
Index seems strong and a double top formation can be seen this week. A bearish positonal trade can be created if there negative candlestick formation is there.
Support levels :- 24740, 24600
Wait for the price action near the levels before entering the trade.
Nifty Intraday Levels | 23-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !