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Nifty Intraday Support & Resistance Levels for 26.12.2024On Tuesday, Nifty opened flat to positive, climbing to a high of 23,867.65 as it entered the 15m supply zone. However, selling pressure pulled it back to a low of 23,685.15. It ended the day at 23,727.65, losing 25 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's movement on Tuesday highlights the impact of the 15m supply zone resistance. If the near-demand zones hold, we may see a recovery toward 23,900 or higher levels. However, a break below the 75m demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for December 24th.Good morning, friends! 🌞 Here are the market directions and levels for December 24th. Market Overview: The global market is showing a moderately bearish sentiment (based on the Dow Jones). Our local market is also displaying a moderately bearish trend. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty indicates a 15-point negative sentiment. In the previous session, there was no directional movement, even though it opened with a long gap-up. Structurally, today might continue this sentiment as we are progressing into the 4th sub-wave. We already discussed this in the previous post, so more or less, it will move based on this. Let’s explain this in the charts. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: The current view suggests that if the initial market takes a pullback after some decline or if it opens with a gap-up, then we can expect a continuation of the pullback. Structurally, the 38% retracement could be a major resistance in this variation. As per the wave structure, it is unlikely to go beyond this level. If you find any reversal confirmation, we can consider entering a short position. Conversely, if the pullback breaks the 38% level, it could extend to the next resistance level. This is the basic structure. Alternate View: The alternate view suggests that if the gap-down sustains, we can expect a correction to the previous bottom. Until the bottom is broken, the market sentiment could remain range-bound. If it breaks, we can consider that a 5th correctional wave.
NSE:NIFTY
by Manickamtraders
Nifty | Tuesday 24 Dec'24 | Trading Plan Nifty as mentioned in previous idea, is in C wave. Right now looks like have completed the w of C and in retracement. Two of the possible trade can be done as below: 1. Above the marked 23860, we can enter with target 1 of 23970 and target 2 of 24040 and further trailing with SL of 15 min intraday swing low. 2. Below the marked 23540, we can enter for short with target of 23350 and SL of 15 intraday swing high. Disclaimer: I am not SEBI certified analyst and this not a buy/sell recommendation. It is only for educational and entertainment purposes.
NSE:NIFTYLong
by IMStockwala
NIFTY Intraday Trade Setup For 24 Dec 2024NIFTY Intraday Trade Setup For 24 Dec 2024 Bullish-Above 23900 Invalid-Below 23850 T- 24118 Bearish-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118. For selling we need a 15 Min candle close below 23530. T- 23230. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 24.12.2024On Monday, Nifty opened with a gap-up, climbing to a high of 23,869.55 before dipping to a low of 23,647.20. It eventually closed at 23,753.45, gaining 165 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,831.35 - 23,869.55 Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As anticipated, Nifty rebounded from the 75m Demand Zone after five consecutive negative sessions and its oversold condition. If the 75m support zone holds, there’s potential for bullish movement toward 24,150 - 24,400.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for December 23rd.Good morning, friends! 🌞 Here are the market directions and levels for December 23rd. Market Overview: The global market is showing a moderately bearish sentiment due to the solid pullback in the previous session (based on the Dow Jones). Meanwhile, our local market is displaying a bearish trend. Today, the market may open with a gap-up start, as the Gift Nifty indicates a 170-point positive sentiment. In the previous session, the US market had a strong pullback, which might reflect in our market today. Gift Nifty is also pointing toward this possibility. So, how should we approach this? If the gap-up sustains, we could interpret this as a sub-wave 4. Usually, the 4th wave is characterized by a three-wave structure, which we refer to as a consolidation wave. Therefore, we can expect some consolidation between the previous low and the 38% mark. This is the basic structure; let's look at it on the chart. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: The current view suggests that if the market opens with a gap-up of less than 100 points and then declines initially, we can expect a slight further correction due to some sub-waves bending. However, if this occurs, the minor demand zone will act as strong support. Alternate View: The alternate view suggests that if the gap-up opens with more than 150 points and sustains, then the pullback could continue to the 38% level, with some consolidation as we discussed. This pullback could be interpreted as a 4th wave.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 23.12.2024On Friday, Nifty opened flat to positive and climbed to a high of 24,065.80, briefly crossing the previous day’s high. However, heavy selling pressure pushed it to a day low of 23,537.35, entering the 75m Demand Zone mentioned earlier. It closed negative for the 5th consecutive session at 23,587.50, losing 364 points. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has turned negative. Demand/Support Zones Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty has lost over 1,200 points during its five-day losing streak, entering an oversold zone on the 75m timeframe. With prices touching the 75m Demand Zone (23,447.15 - 23,578.60), there’s potential for a bounce back, provided the support holds.
NSE:NIFTY
by PriteshPalan
NIFTY Intraday Trade Setup For 23 Dec 2024NIFTY Intraday Trade Setup For 23 Dec 2024 Sell_1- From 23970 Invalid-Above 24020 T- 23700 Sell_2-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed on a bold bearish note with 4.77% cut last week. Last weekend we discussed that index will be buy on dips till index is above 50 EMA in daily TF. On 17 Dec it closed below that. We will still maintain sell on rise approach till it is below 50 EMA and till it closes below previous day low in daily TF. If tomorrow's 10 o'clock range breaks in the upside then chance of rebound is there so keep an eye. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 23530 then we will short for the target of 23230. In case 23970 is tested then we will short from there. T- 23700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
#Nifty directions and levels for December 20th.Good morning, friends! 🌞 Here are the market directions and levels for December 20th. Market Overview: Both the global and local markets are maintaining a bearish sentiment. Today, the market may open with a slight gap-down start, as the Nifty is indicating a negative 80 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty experienced a minor pullback after the long gap-down. Although the structure remains bearish, we can expect a continuation only if it breaks the previous day's low with solid movement. If this happens, we can anticipate a target of 78% in the minor swing. On the other hand, if the market initially pulls back without breaking yesterday's low, or if it finds support at the immediate support level with gradual movements, then we can expect a pullback of 23% to 38%. This is the basic structure. Otherwise, we can follow the same sentiment that we discussed in the previous session, as nothing has changed.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 20.12.2024On Thursday, Nifty opened with a huge gap-down, touching a low of 23870.30, taking support near the 61.8% Fibonacci retracement level, and slightly recovering to a high of 24004.90. It ended the session at 23951.70, breaking below the critical 24000 psychological mark, losing 247 points. This marks the fourth consecutive negative session. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are sideways. Demand/Support Zones Near Support: 23872 (61.8% Fibonacci retracement level) Near Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support: 23263 (low of 21st November 2024) Far Demand/Support Zone (Daily): 21791.95 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Key Insights Nifty continues to face strong resistance at 24700 - 25000 levels and has now fallen below 24000, a key psychological level. If 25000 is not reclaimed soon and 23000 breaks, the index could witness further downside or prolonged sideways movement in the coming months.
NSE:NIFTY
by PriteshPalan
Trading Strategy for Nifty for 20th December 2024Trading Strategy for Nifty (15-Minute Time Frame) Key Levels: Buy Above: The high of the 15-minute candle which closes above 24,010 Sell Below: The low of the 15-minute candle which closes below 23,868 Targets: Upside Targets: 24,075, 24,125 Downside Targets: 23,825, 23,775 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775. 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. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. 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
19th Dec24  Strong Entry by the Bears, We Are Back At Sell ZoneNifty Stance Bearish ⬇ The opening hour on Friday really set the tone and I had published in tradingview minds that if we get a close below 24466, it's better to go short. Guess what, we closed below 24466, but the short trade did not really work out then.  Markets are rigged to the core, someone or some institution is really manipulating the markets, because nothing else can justify the 354pts ~ 1.45% down move followed by a 608pts ~ 2.52% upmove. Whoever played it, knew pretty well that it was SENSEX expiry that had to be targetted and it worked out as per their script. How did I guess it was manipulation? Simple, look at the price action on Monday and Tuesday - there was no follow-through and the bull action was just for nothing. In fact the down move was equally powerful as well. We were back at the swing low on the 18th, Wednesday. Markets gave away 600pts over 3 days after rallying 600pts on 13th Dec. Today we fell another 247pts ~ 1.02% mainly because of spill-over effects from the US markets - that ended up tanking 3%. On a week-to-week basis, we are down 2.36% ~ 578pts. Making money is getting more difficult now, especially with the manipulations that are driving up the ITM options prices. What is more alarming is the increased margin requirements on expiry day are really shooting up the prices and I have not figured out the exact quantity/lots that could be taken overnight without getting a margin call. My stance is bearish and would like it if markets are closing near 23350 levels by 26th Dec.
NSE:NIFTYShort
by viswaram
NIFTY prediction for tomorrow 20 Dec 24As we discussed yesterday, the market opened at -250 points and spent the whole day sideways in a tight range. If we look at the chart now: The market is at a crucial point that can provide good support. Also, the price is very far from the EMAs, which might retrace to the EMAs. The market might reverse from this point. Right now, the market is neutral. Support levels: 23772, 23488, 23363 Resistance levels: 24339, 200 EMA, 24682 If we look at the OI data: PCR = 0.7, which has increased from 0.4, shows put addition at the lower level. 24000 has good support and resistance points. This is going to work as max pain. As it's the start of the week, OI won't play much of a role. I am expecting Case 1: Bullish if take support at 24950. Case 2: Bearish if it breaks the level 24950 to the downside. Reason: RSI < 40 shows a good Bearish structure. (bearish) Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish) PCR = 0.7 indicates a neutral market. price < VWAP shows a good bullish structure in the market.   Verdict: Neutral Plan of action: Sell 23950 CE and 23950 PE and adjust your position as per the price action at 23950.
NSE:NIFTY
by finnova_
#Nifty directions and levels for December 19th.Good morning, friends! 🌞 Here are the market directions and levels for December 19th. Market Overview: After the Fed rate cut, the Dow Jones fell drastically and ended with a negative change of 2.5%. This also affected the Nifty. Therefore, today the market may open with a significant gap-down, indicating that the Nifty is expected to start 330 points lower. The global sentiment suggests there is a bearish bias. If you look at the charts from a broader perspective, the Nifty is showing a negative trend, while the Bank Nifty appears to be range-bound. Thus, both indices are displaying slightly different biases. However, my expectation is that, even though the Bank Nifty has a range-bound structure, it could reach a minimum correction of 78% in the minor swing. More or less, the current trend indicates a negative outlook. If the gap-down sustains today, we can expect a continuation of the correction with some consolidation. A reversal could be considered if there is a breakout at the EMA 20 or the 38% Fibonacci level in the minor swing. Until these factors occur, the trend could remain bearish. Additionally, I checked the volume profile and EMA 200 for long-term trend projections. Both the Nifty and Bank Nifty have yet to break the EMA 200, which means the higher degree trend is still bullish until it breaks that level. However, the volume profile is showing initial indications of a reversal in the Nifty, while the Bank Nifty has not yet shown this because the 51,500 level (in futures contracts) is providing good support based on the volume profile. Conclusion: There is no clear direction yet from the combination of the Nifty and Bank Nifty charts. Therefore, we should approach this correction as a minor trend only.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
NIFTY analysis for tomorrow 19 Dec 24As we discussed yesterday, the market was sideways and had huge volatility. If we look at the chart now: The market is looking bearish but also showing good bullish pull-ups. The market is near the support zone. Support levels: 24127, 23970 Resistance levels: 24980, 24386, 24524, 24682 If we look at the OI data: PCR = 0.4, which has decreased from 0.8, shows call addition at the higher level. The market has good PE writing at 24500 and 24400. Other levels, 24200, 24300, and 24300, will be showing good resistance at a higher level. I am expecting Case 1: Sideways in the range 24127 - 24350. Case 2: Bearish if it breaks 24127 to the downside. Reason: RSI < 40 shows a good Bearish structure. (bearish) Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish) PCR = 0.4 indicates a bearish market. Price < VWAP shows a good bullish structure in the market.   Verdict: Bearish or Sideways Plan of action: In the range 24127 - 24350 Sideways. Go with an Iron condor. Buy PUT if it breaks 24127 to the downside.
NSE:NIFTYShort
by finnova_
NIFTY50: INSTITUTIONAL LEVELS FOR 18/12/2024Overview 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 Support & Resistance Levels for 18.12.2024On Tuesday, Nifty opened with a gap-down, made a high of 24624.10, and dropped to a low of 24303.45, entering the 15m Demand Zone. It closed at 24336, losing 332 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from positive to sideways. Demand/Support Zones Near Demand/Support Zone (15m): 24180.80 - 24342.50 (current price inside the zone) Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Key Insights Current Major Resistance Zone: 24700 - 25000 Current Major Support Zone: 23900 - 24300 A breakout above resistance or a breakdown below support will likely determine the next significant move.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for December 17th.Good morning, friends! 🌞 Here are the market directions and levels for December 17th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones alone), while our local market is displaying a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is indicating a negative 40 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty saw a minor correction but did not break the 38% Fibonacci level. Therefore, until the support level is broken, the market will maintain its bullish bias. However, if the support is broken, the bullish momentum may turn neutral to bearish. This is the basic structure; let’s analyze this further with the chart. Both Nifty and Bank Nifty currently share the same structural sentiment. Nifty Current View: The current view suggests that if the market initially takes a pullback, it could reach a minimum of 24,752. However, the rally will continue only if the market breaks this level with a solid candle. If it does, we can expect the next targets at 24,818 and 24,857. This is the basic structure. Alternate View: The alternate view suggests that if the market sustains the gap-down, the levels 24,559 and 24,531 will act as strong support. If the market finds support here, we can expect a bounce back of at least 38% to 78% in the minor swing. Conversely, if this support level is broken, the market may fall further to 24,451 and 24,418. (Note: If you plan to take a position in the bounce back, check for RSI divergence. If divergence occurs, you can enter; if it doesn’t, wait for a 38% Fibonacci breakout in the minor swing. Apply the Fibonacci levels from swing high (24,792) to the upcoming low. Because Range-bound entries can be challenging, and we cannot expect proper swings and in this premium)
NSE:NIFTY
by Manickamtraders
2
NIFTY Analysis for tomorrow 17 Dec 24As we discussed yesterday, the market opened at resistance and took support at 50 EMA in the sideways zone. If we look at the chart now: The market is in a sideways zone and expected to have a bullish bias. If liquidy grab came, it might also touch 200 EMA. But the market is not Bearish right now. It is a sideways area in the region, and it is bullish in the green region. Support levels: 50 EMA, 24522, 24339, 200 EMA Resistance levels: 24800, 25140 If we look at the OI data: PCR = 0.8, which has decreased from 1, shows call addition at the higher level. The market has good PE writing at 24500 and 24400. Other levels, 24700 and 24800, have a moderate amount of writing, showing it can be volatile in that zone. If 24800 breaks to the upside, the next good resistance level is 25000, where good CE writing has been done. I am expecting Case 1: Sideways in the range 24521 - 24800. Case 2: if the market breaks 24800 to the upside, the direct target will be 25000. Reason: RSI = 40 - 60 shows a good sideways structure. (Sideways) Price > EMA(13, 50, 200), which indicates a good bullish structure. (Bullish) The market has shown good seeling volume in last hour. (Week Bulls) PCR = 0.8 indicates a bullish Bias. Price > VWAP shows a good bullish structure in the market.   Verdict: Bullish or Sideways Plan of action: Above 24800 Bullish go CE buying. In the range 24522 - 24800 Sideways. Go with an Iron condor.
NSE:NIFTY
by finnova_
NIFTY50: INSTITUTIONAL LEVELS FOR 16/12/2024Overview 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