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Niftyintradaytradesetup

Firstsource Solutions Limited up side breakout on daily chartFirstsource Solutions Limited Result on 28 October watch till result price near 330 is good for entry in this stock with strict SL up side move possible price looking good moving up from 20 ema going in continution keep eyes on this stock Disclaimer: This is Not a Buy or Sell Call The information provided herein is for informational purposes only and should not be construed as financial advice, a recommendation, or an offer to buy or sell any financial instrument. It is important to conduct your own research and consult with a licensed financial advisor before making any investment decisions. The content provided does not take into account your personal financial situation, risk tolerance, or investment goals. The author or entity providing this information is not responsible for any investment decisions you may make based on this content.
BSE:FSLLong
by rajatbhawra
NIFTY Intraday Trade Setup For 24 Oct 2024NIFTY Intraday Trade Setup For 24 Oct 2024 Bullish-Above 24610 Invalid-Below 24560 T- 24885 Bearish-Below 24370 Invalid-Above 24410 T- 24097 NIFTY has closed almost on flat note with minor cut of 0.15% today. On Oct 17 it was discussed that we are approaching 23700 zone in the coming days. It is going in flow positionally. On a flat opening tomorrow below 24370 index will dive once again towards 24100 zone. Overall keep sell on rise approach. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24610 then we will long for the target of 24885. For selling we need a 15 Min candle close below 24370. T- 24097. 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
3
Nifty Intraday Support & Resistance Levels for 23.10.2024On Tuesday, Nifty opened 17 points higher, reached a high of 24,882, but faced heavy selling pressure, dropping nearly 430 points to hit a low of 24,445.80. It closed at 24,472.10, losing 309 points from the previous session. The Weekly Trend (50 SMA) has shifted to sideways from positive, while the Daily Trend (50 SMA) remains negative. Notably, Nifty broke and closed below the previous month's low, signaling potential further downside. Nifty Demand/Support Zones for 23.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Nifty Supply/Resistance Zones for 23.10.2024: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545
NSE:NIFTY
by PriteshPal
#nifty directions and levels for October 22nd.Good morning, friends! 🌞 Here are the market directions and levels for October 22nd. Market Overview: The global market is showing a moderately bearish sentiment due to yesterday’s decline, and our local market is following a similar trend. We anticipate a neutral to slightly gap-up opening today, with SGX Nifty indicating a positive start of +35 points as of 8 AM. In the previous session, both Nifty and Bank Nifty opened with a gap-up, but it didn’t sustain. If you look at the structure, both indices are different from one another. Nifty is indicating a range-bound market, while Bank Nifty is showing a moderately bullish structure. > How can we interpret this? I took two things into consideration for today’s direction: first, yesterday, the global market declined by nearly 1%, and second, looking at the Nifty and Bank Nifty charts broadly, the pullback occurred after a sharp decline. Both of these signs indicate a bearish bias. That’s how I started today's scenario with a bearish outlook. Let's dive into the charts. Nifty Current View: The current view suggests that even if the market opens with a gap-up, structurally it won't sustain. So, if this starts to decline, we can expect a correction to a minimum of24,614, which is a minor support. If the decline has a solid structure, then the trend will likely continue. However, the notable thing is that it is in a range-bound market, so there is a small probability of a minor bounce back as well. Please watch carefully. Alternate View: The alternate view also presents a kind of range-bound market. If the market sustains the gap-up, then we can expect24,914 for the pullback target. Structurally, it could reject there; if this happens, we can expect a minor correction, but it shouldn't break yesterday's low. This is the basic premise. After this consolidation, if it breaks24,914, then the pullback will likely continue further.
NSE:NIFTY
by Manickamtraders
NIFTY50: INSTITUTIONAL LEVELS FOR 22/10/2024QUICK 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
1
Nifty Intraday Support & Resistance Levels for 22.10.2024On Monday, Nifty opened with a gap up, touching the 75-minute supply zone and making a high of 24,978.30. However, it reacted sharply from this zone, falling nearly 300 points to a low of 24,679.60. It eventually closed at 24,781.10, down 73 points from the previous close and below the FIBO 61.8% retracement level of 24,804.25. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is negative. Nifty Demand/Support Zones for 22.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 22.10.2024: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
18th Oct 2024 - Continuing the bearish stance on Nifty50Nifty Stance Bearish ️⬇️ We went short and Nifty is down 114pts ~ 0.46% in the last week. Even after the crazy price action on the 18th wherein N50 rallied 315pts ~ 1.28% from a new swing low of 24567, N50 is still in the RED territory . 50 and 200 EMA are still diverging showing signs of the bears starting to emerge. But this is not entirely confirmed, the quarterly results season is in play and we could see a pullback or fake bounce any moment. The other issue in our market is that the short covering forces the Bears to run when we pull up, fueling more bullish moves and new ATHs. My stop loss would be 25080 above which I would exit the short position. On the daily TF we have a perfect Head and Shoulders pattern that could materialize over the next 1 month. I hope the bears will remain steadfast till then and not run away.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 21.10.2024On Friday, Nifty opened with a gap down, entering the Daily Demand Zone (24,522.95 - 24,638.80) mentioned earlier. It made a low of 24,567.65 and then bounced back over 300 points to reach a high of 24,886.20. Nifty closed at 24,854.05, gaining 104 points from the previous close and managing to stay above the FIBO 61.8% retracement level (24,804.25). The Weekly Trend (50 SMA) remains positive, but the Daily Trend (50 SMA) is still negative. Nifty Demand/Support Zones for 21.10.2024: Near Demand/Support Zone (Daily): 24,522.95 - 24,638.80 (already tested) Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 21.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
NIFTY50: INSTITUTIONAL LEVELS FOR 18/10/2024QUICK 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
Nifty Intraday Support & Resistance Levels for 18.10.2024On Thursday, Nifty opened gap up, reached a high of 25,029.50, but then tumbled more than 300 points to hit a low of 24,728.90. It closed at 24,749.85, losing 221 points from the previous close. Nifty closed below the critical 61.8% FIBO retracement level (24,804.25). If it fails to break above this level with volume and hold, we may witness further downside in the coming days. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted from sideways to negative. Nifty Demand/Support Zones for 18.10.2024: Far Demand/Support Zone (Daily): 24,522.95 - 24,638.80 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 18.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Far Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 17.10.2024On Wednesday, Nifty opened with a gap down, reaching a high of 25,093.40 and a low of 24,908.45, closing the day at 24,971.30, losing 86 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. Nifty Demand/Support Zones for 17.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 17.10.2024: Near Supply/Resistance Zone (5m): 25,045.45 - 25,059.05 Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
NIFTY50: INSTITUTIONAL LEVELS FOR 17/10/2024QUICK 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
#Nifty directions and levels for October 16th.Good morning, friends! 🌞 Here are the market directions and levels for October 16th. Market Overview: The global market is showing a moderately bearish sentiment, while our local market is following a similar trend. We anticipate a neutral to slightly gap-down opening today, with SGX Nifty indicating a negative start of -70 points as of 8 AM. In the previous session, Nifty saw a minor correction, but Bank Nifty maintained a moderately bullish sentiment. Structurally, Nifty is in a range-bound pattern, while Bank Nifty shows a slightly bullish structure. However, with SGX Nifty indicating a negative start today, if this happens, both indices may move in a range-bound structure. Let's explain this further in the charts. Nifty Current View: If the market starts with a gap-down, then the immediate support level (24983) will act as strong support. If the market finds support there, it could take a minimum pullback of 38% to 61% of the minor swing, likely continuing the same range-bound movement. This is the basic structure. Alternate View: The alternate view suggests that if the market breaks this level solidly or consolidates at that level, the correction is likely to continue towards 24882.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 16.10.2024On Tuesday, Nifty opened with a gap up, hitting a high of 25,212.05 as it touched the 15-minute supply zone from the previous post. However, it reversed sharply, dropping 200 points to a low of 25,008.15, eventually closing at 25,057.35, down by 70 points. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) stays sideways. Nifty Demand/Support Zones for 16.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Near Demand/Support Zone (75m): 24,928.05 - 24,979.10 Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 16.10.2024: Near Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 15.10.2024On Monday, Nifty opened with a gap up, reaching a high of 25,159.75 before closing at 25,127.95, gaining 163 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) continues to be sideways. Nifty Demand/Support Zones for 15.10.2024: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 15.10.2024: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
#nifty directions and levels for October 14th.Good morning, friends! 🌞 Here are the market directions and levels for October 14th. Market Overview: There have been no significant changes in the global or local markets. The global market is showing a bullish sentiment, while our local market has a moderately bearish trend. We anticipate a neutral to slightly gap-up opening today, with SGX Nifty indicating a positive +10 points as of 8 AM. In the previous session, Nifty closed with consolidation, while Bank Nifty experienced a minor correction. However, structurally, both are in a range-bound phase. Trading in a range market can be difficult as we may not see clear movement, direction, or option premium. However, if you’re looking to trade, we can consider a breakout entry, which I'll explain in the charts. Nifty: > If the market breaks either above 25,040 or below 24,897, we can enter a breakout trade. Target levels are 25,167 on the upside and 24,810 on the downside. > It is important to note that after a breakout, if the market experiences gradual movements or rejects the immediate support or resistance level, it is likely to close at the same level as it opened today. > On the other hand, if the market consolidates around the immediate support or resistance level after the breakout, the direction is likely to continue.
NSE:NIFTY
by Manickamtraders
11th Oct 2024 - Stance is bearish even though we fell only 81ptsNifty Stance Bearish ️⬇️ On a week-to-week basis, Nifty only dropped 81 points, but the real reason I am still bearish is because the pullback we had on the 9th was not powerful enough to take out the last swing low. You can also notice the 50 EMA crossing the 200 EMA from top to bottom. I am using a 63mts custom time frame, but this must be true even for the hourly TF. All this happened even when the global markets were rallying. By the way, the US markets' SPX hit new all-time highs. This shrug-off in our markets may have to do with the new SEBI FnO rules. As a surprise to many, the BankNifty weekly index is getting removed and we will have only one Monthly expiry from December 2024. Has this spooked the markets, I think so. We will discuss that in a while. For the week of 14th to 18th Oct, I wish to start with a bearish stance and then go neutral if 25230 is taken out decisively.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 14.10.2024On Friday, Nifty opened flat to slightly negative, trading within a narrow 100-point range throughout the day. It made a high of 25,028.65 and a low of 24,920.05, eventually closing at 24,964.25, down by 34 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. The support and resistance zones are unchanged from the last update. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
NIFTY50: INSTITUTIONAL LEVELS FOR 11/10/2024QUICK 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
#nifty directions and levels for October 11th.Good morning, friends! 🌞 Here are the market directions and levels for October 11th. Market Overview: There have been no significant changes in the global or local markets. The global market is displaying a bullish sentiment, while our local market is showing a moderately bearish trend. A neutral to slightly gap-down opening is anticipated today, with SGX Nifty indicating a negative -20 points as of 8 AM. In the previous session, Nifty consolidated while Bank Nifty saw a solid upward move; however, it closed near the previous day’s high. Structurally, both indices differ, but sentiment suggests that major movements are slowing down. so If the market opens neutral, it may consolidate between nearby support and resistance levels. After that, if a breakout occurs, we can follow the direction—whether to the upside or downside. This is our primary direction for today. Let’s take a closer look at the charts. Nifty Current View: If the market starts neutral or negative, it may find support around 24,924 to 24,900. If support is found, Nifty could consolidate between 24,924 and 25,001 on the upside. After this, if the range breaks, we can follow the direction, whether it’s to the upside or downside. This is our first variation. Alternate View: The alternate view suggests that if the market breaks or consolidates around the immediate support level (24,924), the correction may continue, reaching at least 78% to the downside.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 11.10.2024On Thursday, Nifty opened with a gap up, reaching a high of 25,134.05 before pulling back to a low of 24,979.40 in the final 30 minutes of trading. It closed slightly higher at 24,998.45, gaining 16 points from the previous session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. Support and resistance zones remain unchanged from the last post. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
#nifty directions and levels for October 10th.Good morning, friends! 🌞 Here are the market directions and levels for October 10th. Market Overview: The global market is displaying bullish sentiment, while our local market shows a moderately bearish trend. A gap-up opening is anticipated today, with SGX Nifty indicating an increase of approximately +110 points as of 8 AM. In the last session, we saw a lot of movement due to the RBI policy. The market is still somewhat weak overall, but the Gift Nifty is showing a positive start with around +100 points gap-up. This is because of global factors, like the Dow Jones going up strongly after the FOMC minutes. Gift Nifty also reacted to this. What should we do with this sentiment? We should wait for a breakout in a certain range. If the market breaks this range, we can follow that direction because of the mixed local and global factors. I'll explain this more clearly in the charts. Nifty and Bank Nifty have similar chart patterns. Nifty Current View: The current view suggests that if the gap-up doesn't sustain or the market rejects near the immediate resistance level of 25,173, then the correction may likely continue with a minimum downside of 78%. However, one additional confirmation is needed: after rejection, the market should break the lower trendline or the previous day's closing candle. Alternate View: The alternate view suggests that if the gap-up sustains, the market may consolidate around the 25,173 level. After consolidation, if this level is broken, we can expect the pullback to continue, targeting a minimum upside level of 25,272 to 78%.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 10.10.2024On Wednesday, Nifty opened gap up, briefly crossed the Daily Demand zone (above 25,130.50) and reached a high of 25,234.05. However, it couldn't sustain the momentum and dropped to a new day low of 24,947.70, finally closing at 24,981.95, losing 31 points from the previous close. Keep a close watch on the key support level at 61.8% FIBO (24,804.25). The Weekly Trend (50 SMA) is still positive, while the Daily Trend (50 SMA) remains sideways. Demand/Support Zones: Near Demand/Support zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal