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Niftyintradaysetup

NIFTY50: INSTITUTIONAL LEVELS FOR 06/12/2024Overview 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
5th Dec 2024 Crazy stoploss hunting & Injections - Nifty50Nifty Stance Bullish ⬆ This week Nifty is up 577pts ~ 2.4% which means our stance has changed from neutral to bullish. The price actions on Monday, Tuesday and Wednesday were well received and there was sanity in the markets. What happened on the 5th, Thursday is sure to give you shivers. We saw a 560pts ~ 2.31% intraday rally from LOD to HOD and then a fall of 362pts ~ 1.46% back to the 24500 levels. To put that in perspective, 24600 was the expected closing levels for Today's expiry as per the OI chart, so the violent upmove would have created a lot of MTM loss pressure for the institutions. My guess is that they had to manipulate and bring back the markets below 24600 after 14.30 so they could square off their positions in profits. Anyway, today's volatility is a massive learning experience for all option traders. Chances are, their stop losses would have gone off both ways, first on the long side and then on the short side. The only people who might have escaped would be the hedged traders - either a debit/credit spread or a iron condor/fly. The worst nightmare would have been for long/short naked positions. If we fall below 24525, I will change my stance back to neutral-until then, I will stick with a long bias. The MPC meeting on the 6th will definitely have an impact, as it is a make-or-break event for Mr. Shaktikanta Das.
NSE:NIFTYLong
by viswaram
Nifty Intraday Trade Setup | 6th DecemberNifty opened with a gap-up and faced rejection near our buy level 24540 in morning, broke sell level 24410 and gave good downfall towards 24295. Both targets were done for sell trade. After consolidation at lower levels, Nifty gave a sharp up-move and gave 500 points rally from lower levels, made a high at 24857. From day high we again saw 300 points fall in just few mins, today was highly volatile session because of RBI Policy meeting decision tomorrow. For tomorrow the range the big, trade very cautiously and be alert at higher levels in Nifty. We will look for the sell on rise opportunity. Expectations: Highly Volatile movement. Intraday Levels: Buy Above - 24850 Sell Below - 24550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY: INSTITUTIONAL LEVELS FOR 04/12/2024Overview 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
4
#Nifty directions and levels for December 4th.Good morning, friends! 🌞 Here are the market directions and levels for December 4th. Market Overview: There are no significant changes happening. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market shows a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 10 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty had a solid pullback. The structure and sentiment remain the same as we discussed in the previous session. Let's look at this in the charts. Both Nifty and Bank Nifty have a similar sentiment. Nifty Current View: The current view suggests that if the market takes an initial pullback, it could reach a minimum of 24,629. However, the previous day's movement shows RSI divergence, indicating weakening momentum. If this divergence continues when it reaches 24,629, we could see a correction of 23% to 38% in the minor swing. Conversely, if it breaks through or consolidates at this zone, the rally is likely to continue. This is the basic structure. Alternate View: The alternate view suggests that if the market initially declines, it could reach the 38% Fibonacci level in the minor swing. However, until the 38% level is broken, it will maintain a bullish bias. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
3
#Nifty directions and levels for December 2nd.Good morning, friends! 🌞 Here are the market directions and levels for December 2nd. Market Overview: There are no significant changes happening. The global market is maintaining a bullish sentiment (based on Dow Jones only), while our local market has a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on Gifty Nifty showing a positive 50 points. In the previous session, both Nifty and Bank Nifty experienced minor pullbacks. Structurally, Nifty closed at the mid-level of its minor swing, while Bank Nifty closed around the 38% Fibonacci level. What does this indicate? >Nifty suggests a range-bound market sentiment. >Bank Nifty reflects a slightly bearish sentiment. Overall, this suggests a moderately bearish outlook, meaning we cannot expect a rally continuation until the previous highs are broken. Let's explain this further using charts. Nifty Current View: The current view indicates that if the market starts neutral or experiences an initial decline, the 38% level to 24031 will act as support. If it consolidates or breaks this level, we can expect a continuation of the correction, with a minimum target of 23941 to the minor demand zone. This is the basic structure. However, if it doesn’t break this level, it could see a pullback. Alternate View: The alternate view suggests that if the market sustains the gap-up and breaks the previous high, it could reach the 78% Fibonacci level on the upside, which is a major resistance. Until we break this level, we cannot expect a continuation of the rally. If it breaks, the rally will continue; conversely, if it is rejected, it could turn into a range-bound market.
NSE:NIFTY
by Manickamtraders
NIFTY50: INSTITUTIONAL LEVELS FOR 02/12/2024Overview 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 Color Coded Lines: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
7
NIFTY50: INSTITUTIONAL LEVELS FOR 29/11/2024Overview 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 directions and levels for November 27th.Good morning, friends! 🌞 Here are the market directions and levels for November 27th. Market Overview: The global markets are showing bullish sentiment (based on the Dow Jones only), and our local market has maintained a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 40 points. There have been no significant changes in the last session. In the previous session, both Nifty and Bank Nifty consolidated after the decline. What about today? If you look at the Nifty structure, there is consolidation after the long rally. Structurally, it may continue further until it breaks the consolidation range. If it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let's look at it on the chart. Nifty Current View: Even if the market opens with a gap-up, it could decline initially. If this happens, the range market will continue between the previous high and the demand zone. In this case, if it breaks the demand solidly, then 24006 will act as strong support. Alternate View: The alternate scenario suggests that if the market sustains the gap-up and breaks the 24303 level, we can expect further pullback continuation to the 38% Fibonacci level. This is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(38%), then the rally will likely continue.
NSE:NIFTY
by Manickamtraders
Nifty Trading Strategy for 25th November 2024Nifty Trading Analysis & Key Levels . Current Value: The Nifty index closed at 23,907, indicating a strong bullish tone in the market during the last trading session. Key Levels to Watch: Buy Zone: Consider initiating long positions if the Nifty moves above 24,070, confirmed by a 15-minute candle close. This level may trigger further upward momentum as buyers dominate the market. Sell Zone: Look for opportunities to short if the Nifty falls below 24,742, confirmed by a 15-minute candle close. A breach of this level could signal bearish sentiment returning to the market. Nearest Resistance Levels: 24,225: This is the first major hurdle for the index on the upside. A strong breakout above this level could pave the way for further gains. 24,325: The next resistance level where selling pressure may emerge. Watch for price action around this level to assess market strength. Nearest Support Level: 24,600: This level acts as immediate support, and any move below it could signal a reversal in the current bullish sentiment. Traders should remain cautious if the index approaches this level. Market Sentiment: The market closed on a bullish note, suggesting a positive sentiment among traders. However, upcoming economic data, global market cues, or other news events could impact the trend. Monitor developments closely to adjust your trading strategy accordingly. Disclaimer: I am Not SEBI Registered advisor. The information provided above is intended for educational purposes only and should not be considered as financial or investment advice. Trading in the stock market involves substantial risk, including the loss of your capital. Always perform your own research and consult with a certified financial advisor before making any trading decisions. Past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
#nifty50 - 22th November!!NSE:NIFTY Observe first, then understand, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Note SEBI Registere 🙏🏻
NSE:NIFTY
by thetradeforecast
1
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️ Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%. Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.  22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
NSE:NIFTYShort
by viswaram
#Nifty directions and levels for November 19th.Good morning, friends! 🌞 Here are the market directions and levels for November 19th. Market Overview: There are no significant changes happening. The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is also exhibiting a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Nifty is showing a positive increase of 50 points. In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, we can expect a range-bound market today as well, with a bearish bias. This means that until the minor range is broken, the market will move within this range. If it breaks out, we can expect the next movement based on that. Let’s explain this with the charts. Both Nifty and Bank Nifty have the same structural sentiment. Nifty Current View: The current view suggests that if the market declines initially, then 23,396 will act as support. If the market breaks this level, the correction will continue to a minimum of 23,322. On the other hand, if it doesn’t break this level (23,396), then it could consolidate within the channel. This is our first variation. Alternate View: The alternate variation suggests that if the market sustains the gap-up, then 23,583 will act as resistance. If the market consolidates or breaks this level, then the pullback will continue to the next resistance Fibonacci level of 38%. Conversely, if it doesn’t break or rejects this level, we can expect consolidation leading to a correction.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for November 18th.Good morning, friends! 🌞 Here are the market directions and levels for November 18th. Market Overview: There are no significant changes happening. The global market is showing a moderately bearish sentiment (based on the Dow Jones only), and our local market is also exhibiting bearish sentiment. Today, the market may open with a neutral to slightly gap-down start, with the Gifty Nifty showing a negative 80 points. In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, it remains a bearish trend, so if the gap-down sustains, we can expect the continuation of the correction. On the other hand, if it rejects around the immediate support level or opens with a gap-up, we can expect a minimum pullback of 23% to 38%. Let’s look at this in the charts. Both Nifty and Bank Nifty have the same structural sentiment. Nifty Current View: The current view for Nifty indicates that if the initial market takes a pullback around the immediate support level (23,435), we can expect a minimum pullback of 23% to 38%. After that, if it rejects at either the 23% or 38% Fibonacci level, the correction will likely continue. However, if it sustains and breaks the 38% Fibonacci level, it could reach the 50% and 61% levels. If this happens, the upcoming session could turn into a range market. Alternate View: The alternate view suggests that if the market breaks the immediate support level (23,435) solidly or consolidates around the support level, the correction will likely continue to the level of 23,245.
NSE:NIFTY
by Manickamtraders
3
#Nifty directions and levels for November 13th.Good morning, friends! 🌞 Here are the market directions and levels for November 13th. Market Overview: The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is exhibiting a bearish sentiment as well. Today, the market may open with a neutral to slightly gap-down start, based on the Gifty Nifty showing a negative 30 points. In the previous session, both Nifty and Bank Nifty experienced a solid correction. Structurally, we can expect a further slight correction, and the sub-wave analysis supports this. Currently, on the other hand, we are at the bottom of the range. Additionally, the RSI shows divergence, indicating a probability for a bounce back. Let’s explain this in the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View: The current view suggests that if the market sustains the gap-down, it could experience a minor bounce back around MDZ. However, this would only be a minor bounce back; after that, if it breaks the previous bottom, then the correction is likely to continue. Alternate View: The alternate view indicates that if the market opens with a gap-up, or if the initial market takes a solid pullback and breaks the 20 EMA, it may hold a range-bound sentiment. This means the market could move to the top of the range. Targets are expected to be a minimum of 38% to 78% of the swing.
NSE:NIFTY
by Manickamtraders
2
8th Nov 2024 - PostMortem on Nifty - stance slightly bearishNifty Stance Bearish ️⬇️ The report we sent out last week had a full bearish stance, but this week we have reduced the intensity of the bearishness. The new stance is upgraded from bearish to slightly bearish. The rationale is that the momentum needs to really build up for further downfall. 23854 is the magic number below which we will intensify our level of shorts. For the expiry 14th Nov, the position taken by me is Max profit will be at 24200 level and max loss will be above 24394 and this is exactly the stop loss for the bearish level. If the market closes above 24394 on any specific day, we will change the stance from slightly bearish to neutral. The price action on Monday 4th of Nov was beautiful, but we did not break the 23854 conclusively. The counter reaction on 5th was symmetrically powerful, we almost broke out of 24460 upper range. 6th of Nov was flavorless less and on 7th we fell badly again. The trading on 8th was decent but the last 50 minutes or so belonged to the Bears. On a weekly basis, Nifty is up just 10pts. I had promised last week that I would push the publication date to Thursdays coinciding with the expiries. Let me try and keep my word from the 14th of Nov as it coincides with Children's Day :)
NSE:NIFTYShort
by viswaram
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
Nifty Trade Analysis for 7th November 2024Nifty Trade Analysis As of the current price of Nifty at 24,485, here are the potential trading opportunities for both buying and selling based on our target levels: Buy Setup Buy Above: 24,540 Targets: 24,610, 24,690, 24,890 Rationale: If Nifty surpasses 24,540, it could indicate bullish momentum, with a potential rally toward the first target of 24,610. Further upward movement could drive it towards the subsequent targets, indicating strong buying interest. Sell Setup Sell Below: 24,200 Targets: 24,090, 23,950, 23,830 Rationale: If Nifty falls below 24,200, it may signal bearish sentiment, with potential declines to the first target of 24,090. Continuing downside could lead to additional target levels, suggesting a more pronounced downward trend. Disclaimer: I am not SEBI registered. This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research or consult a professional before making any trading decisions. Trading in financial markets involves substantial risk, and past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
#nifty directions and levels for November 7th.Good morning, friends! 🌞 Here are the market directions and levels for November 7th. Market Overview: The global market is showing a super bullish sentiment, while our local market has a moderately bullish sentiment. Today, the market may open with a negative start based on the Gifty Nifty, which is showing a decline of 100 points. In the previous session, both Nifty and Bank Nifty maintained a bullish bias. However, today, the Gifty Nifty is indicating a negative start, so what’s next? Experts are saying (for Indian market) that due to the new US president, the market may experience a minor correction. However, technically we want some additional confirmation. As of now, we do not have that confirmation, so we are still in a moderately bullish bias. Let’s explain this in the charts. Structurally, both Nifty and Bank Nifty share the same sentiment. Current View: The current view indicates that if the market opens with a gap down, it may reach the 38% level on the downside. Structurally, it won’t go beyond that level. If the market finds support there, then the rally will continue with some consolidation. This is our first variation. Alternate View: The alternate view is similar to the current view. If the initial market experiences a sharp pullback, then the rally is likely to continue. This is our alternate view. Note: Here, the notable point is that if the market sustains the gap down and breaks the 38% Fibonacci level on the downside, it may turn into a ranging market. However, if we look at it from an aerial view, there is a downtrend.
NSE:NIFTY
by Manickamtraders
1
NIFTY50: INSTITUTIONAL LEVELS FOR 07/11/2024 NSE:NIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm