Nifty Week AheadNSE:NIFTY still looking bearish until 100 DSMA and R1 are Breached Structure will be sell on the rise. 50 WSMA will act as immediate support along with S1 and S2.
Niftylevels
Nifty levels - Dec 30, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#Nifty directions and levels for Friday, December 27th:Good Morning, friends! 🌞
Here are the market directions and levels for Friday, December 27th:
Market Overview
The global market shows a moderately bullish sentiment (based on Dow Jones), but our local market is leaning toward a moderately bearish sentiment. Today, the market may open neutral or slightly gap-up, as the Gift Nifty indicates a 40-point positive start.
In the previous session, Nifty and Bank Nifty moved in different directions; however, by the end of the day, both closed near the middle of their respective ranges. We are still in a range-bound market, and until the range is broken, we cannot expect any significant directional movement.
What about today?
It’s a bit difficult to say because Nifty is showing signs of a pullback move, while Bank Nifty is indicating a downtrend. How can we interpret this? Whenever the market exhibits such conflicting signals, it mostly leans toward consolidation. However, if both indices move in the same direction and a proper signal occurs, we can consider taking a position.
This is the basic structure. Let’s analyze the chart for more insights.
Nifty Current View
The current view suggests that if the gap-up sustains, we can expect a pullback toward 38% on the upside. After that, if rejection occurs at this level, a correction can be expected. On the other hand, if the pullback has a solid structure and is followed by a range breakout (above 38%), the pullback is likely to continue further.
Alternate View: If the market declines after the gap-up, the range-bound scenario will likely persist. In this case, the corrective targets are expected to reach a minimum of 23,609.
26th Dec '24 - Last Expiry of Calendar year, Nifty is bearishNifty Stance Bearish ⬇
On a week-to-week basis, we only fell 204pts ~ 0.85%, but things definitely did not look good last Friday. We could have easily taken out the 23350 levels but the reversal on Monday halted the momentum. I guess the sellers will have to rally the market again to push it down later.
On Friday, Nifty had a high of 24065 and a low of 23537, a spread of 528 points. Everything pointed southward and our bearish plan was getting executed as per the script.
On Monday, we had a temporary retracement - maybe the excess shorts would have covered, this took us to almost 50% of the Fibonacci fall levels of the previous day. Unfortunately on Tuesday, we did not have that continuity and Wednesday was a holiday due to Christmas. I thought we might have a trending day today, but that plan also failed.
I have still my hopes pinned on further bearish moves, but not before we go up a little bit because at current levels I do not see any one-sided momentum. The catch is if we fall from the current levels without a trigger, then the downward push will be much more brutal. 24177 would be a resistance above which I would go bullish.
NIFTY Today live analysis 26 Dec 24The market is in the sideways accumulation phase.
The market is making a symmetric triangle on either side. It breaks, and it is going to give a nice momentum.
All the important levels have been marked on the chart.
Make your positions accordingly.
Nifty Trading Strategy for 26th December 2024Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 23,780
Sell Below: The low of the 15-minute candle that closes below 23,675
Targets:
Upside Targets: 23,825, 23,868, 23,920
Downside Targets: 23,640, 23,580, 23,550
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,780, aiming for targets of 23,825, 23,868, and 23,920.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,675, aiming for targets of 23,640, 23,580, and 23,550.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Disclaimer:
I am Not SEBI Registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.This only for Educational Purpose.
Nifty levels - Dec 26, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
#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.
NIFTY Analysis for tomorrow 24 Dec 24As we discussed, the NIFTY sideways structure market has been sideways the whole time today. Also, it opened at +160 and closed at the same point.
If we look at the chart now:
The market is in a consolidation phase. Big players are accumulating the market. I am expecting the market to be sideways in the upcoming 2-3 sessions.
Support levels: 23529, 23361
Resistance levels: 50 EMA, 23930, 200 EMA
If we look at the OI data:
PCR = 0.8, which has increased from 0.7, shows put addition at the lower level. 23500 has good support points for having good PE writing. On higher levels, 24000 is a nice resistance point, as it has a good resistance point. It also considers 50 EMA and 200 EMA.
I am expecting
The market is to be sideways in the range of 23539 - 23930
Reason:
RSI ~ 40 shows a weak bullish structure. (Sideways)
Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish)
PCR = 0.8 indicates bullish bias in the market.
price < VWAP shows a good bullish structure in the market.
Verdict: Sideways
Plan of action:
Sell 23700 CE and Sell 23700 PE hold it in the range. Exit one leg if it breaks to one side.
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.
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.
Nifty levels - Dec 24, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
BUY NIFTY 23700 CE 26TH DEC EXP @ 155 - 150 | NIFTY LONG TRADENIFTY 23700 CE 26TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is currently trading near a resistance level, and we anticipate further upside movement towards 23,820 and 23,860. We recommend buying the 23,700 CE (Call Option) with a 26th December expiry in the price range of 155 – 150, with an option to add more quantity at 125 –120.
The target levels are 270 and 320, with a stop-loss set at 100.
Regards,
OptionsDaddy Research Team
The Week Ahead for Nifty: Trends and InsightsLast week, the Nifty index faced strong selling pressure, driven by various global economic factors.
◉ Current Scenario
● At present, the Nifty is trading near its 200 EMA, just above 23,500, a level with high put writer concentration, indicating potential support.
● Conversely, the 24,000 level will act as an immediate resistance due to the high number of Call contracts open at that position.
◉ Expected Market Movement
● This week is likely to be muted for the Nifty.
● If the index slips below 23,400, the next support level will be 23,000.
● A major upward move is expected only if the Nifty surpasses 24,800.
Monday Nifty50 Analysis Monday Nifty Analysis
Nifty may open gap up today
Work can be done by looking at the swing on both sides
A call side entry can be made when 23800 goes above for the upside
Support below is around 23300
#NIFTY50
Nifty Trading Strategy for 23rd December 2024.Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 15-minute candle that closes above 23,740
Sell Below: The low of the 15-minute candle that closes below 23,440
Targets:
Upside Targets: 23,825, 23,925, 24,020
Downside Targets: 23,320, 23,230, 23,100
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,740, aiming for targets of 23,825, 23,925, and 24,020.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,440, aiming for targets of 23,320, 23,230, and 23,100.
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.
This strategy provides a structured approach for trading Nifty, ensuring clear buy and sell signals along with defined targets. I am not SEBI Registered.
Nifty Week AheadNSE:NIFTY Couldn't Sustain above 100 DSMA.
Sell on Rise Structure is Still Playing Well.
Aggressive Trader: Short at Current Levels With 100 DSMA as SL.
Conservative Trader: Short When it gives Pullback towards R1 or 100 DSMA.
Long-Term Investor: Can Add Near S1 and S2.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
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.
Nifty levels - Dec 23, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We hope you find this information beneficial in your trading endeavors.
* If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it.
Wishing you success in your trading activities!
NIFTY Weekly 3Rd flag Possible (Bull Run Resumes)Hello Everyone,
Nifty Weekly Creating FLAG pattern along with channel trendline support and EMA 50 as support also a RSI oversold conditions. as compare to previous flag if this going to happened then NIFTY 31000 possible till start of 2026 . buy on dips is the strategy for investors.
hope you liked then hit like this will help me to post more technical analysis and ideas.
Nifty Friday Analysis 20/12/2024#NIFTY50
Nifty Friday Analysis
Nifty opened on Thursday and remained in a range throughout the day
If Nifty breaks below 23840 then a good sell-off can be seen
A gap down may open today
Above 24200 is resistance and 24850 is support
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.
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.
