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Niftyoptions

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 Trading Levels for 21st November 2024Trading Strategy and Market Analysis Current Price: 23,518 This analysis provides a clear trading strategy with multiple levels of support and resistance, helping traders make informed decisions. The following targets are based on technical analysis, assuming no significant market-impacting news. Buy Strategy Trigger Point: Enter a buy position above 23,590. Targets: Target 1: 23,750 – First level of profit booking, aligns with short-term resistance. Target 2: 23,880 – Higher resistance zone, suitable for extended trades if momentum sustains. Stop Loss: Place a stop loss around 23,500 to limit downside risk. Sell Strategy Trigger Point: Enter a sell position below 23,383. Targets: Target 1: 23,298 – Immediate downside support and potential bounce level. Target 2: 23,200 – A significant support zone, indicating possible bearish strength. Stop Loss: Place a stop loss around 23,450 to cap losses on unexpected reversals. Detailed Support and Resistance Levels Resistance Levels (Price levels likely to act as ceilings, limiting upward movement): R1: 23,590 – Immediate resistance; crossing this could indicate bullish momentum. R2: 23,750 – Strong short-term resistance and a likely profit booking zone. R3: 23,880 – Major resistance zone; surpassing this level could signal a breakout rally. Support Levels (Price levels likely to act as floors, limiting downward movement): S1: 23,383 – Immediate support; breaking this could lead to further downside. S2: 23,298 – Key short-term support level, potential for a bounce. S3: 23,200 – Strong support zone; if breached, it could indicate significant bearish sentiment. Market Outlook Bullish Scenario: If the price breaks and sustains above 23,590, we may see a move toward higher targets, driven by positive market sentiment. Bearish Scenario: A breakdown below 23,383 could indicate bearish strength, with the price potentially testing lower support levels. Disclaimer I am not SEBI Registered. This analysis is provided for informational and educational purposes only. Trading in financial markets involves substantial risks, including the risk of losing capital. Readers should perform their own due diligence or consult a financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information. Note for Traders Ensure that you: Monitor Market Sentiment: Stay updated with news and economic events that might impact market movements. Stick to Risk Management: Use appropriate position sizing and set stop losses to limit potential losses. Use Indicators: Combine these levels with technical indicators like RSI, MACD, or Moving Averages for better confirmation. Happy trading! 😊
NSE:NIFTY
by ramkkyy
Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy Trading Plan: Buy Above 23,625 Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle. After confirmation, initiate a BUY position. Target Levels: Target 1: 23,700 Target 2: 23,750 Sell Below 23,350 Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle. After confirmation, initiate a SELL position. Target Levels: Target 1: 23,298 Target 2: 23,100 Current Value: Nifty Spot Index: 23,454 Support and Resistance Levels: Supports: 23,298: Key level where buying interest might emerge. 23,100: Strong support zone that could hold in case of heavy selling pressure. Resistances: 23,700: Initial hurdle for the upward move. 23,750: Major resistance level, likely to cap any strong bullish momentum. Key Notes for Traders: Use these levels as a reference for trading Nifty Futures and Options. Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy. Book Profits at regular intervals and use trailing stoploss. Disclaimer: I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
NSE:NIFTY
by ramkkyy
Nifty moments for option trading 19/nov/2024Nifty moments for option trading 19/nov/2024 follow us for more updates information. WELCOME TO ARROWINDEX We're dedicated to providing you the best of Finance stock market , with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online.We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts .We hope you enjoy our Finance stock market as much as we enjoy offering them to you.Support and offering Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for:- Intraday trading,Swing trading,Scalping,Position trading Future & Delivery trading Technical analysis Fundamentals analysis Fii & Dii data and reports
NSE:NIFTY
by ARROWINDEX
Nifty Spot Trading Strategy 18th November 2024Nifty Spot Trading Strategy: Buy Above 23,695 / Sell Below 23,475 Current Value: 23,533 Key Trading Levels: Buy Signal: Close above 23,695 on the 15-minute candle Sell Signal: Close below 23,475 on the 15-minute candle Strategy Overview: Buy Strategy: Trigger Level: 23,695 Action: Enter long positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,800 and 23,900 Sell Strategy: Trigger Level: 23,475 Action: Enter short positions Profit Booking: Regular intervals or use a trailing stop loss Target Levels: 23,400 and 23,300 Market Insights: The price is currently at 23,533, indicating potential for both bullish and bearish activity based on the key levels. Key support and resistance levels to watch are between 23,475 to 23,695. Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Please conduct your own analysis before making any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Trading Strategy for 14th November 2024Nifty Trading Strategy: Buy Above 23,710 / Sell Below 23,500 Current Price: 23,559 Key Levels: Buy Signal: If the price closes above 23,710 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 23,500 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,559, just below the buy signal level. It's important to monitor the price closely, especially around the 23,550 to 23,700 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 23,710 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,800 and 23,900. Sell: If the price breaks below 23,500 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,400 and 23,300. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800 Current Price: 23,884 Key Levels: Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,884, just below the buy signal level. It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200. Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350 Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Trading Outlook for 11th November 2024Nifty Trading Signal: Buy above 24,220 Target: 24,300 Sell below 24,100 Targets: 24,050, 24,890 Disclaimer: I am not SEBI Registered. This trading analysis is for informational purposes only and is not intended as financial advice. Trading in the financial markets involves substantial risk and may result in significant losses. Please conduct your own research or consult a licensed financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
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
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 Intraday Levels | 28-OCT-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback!
NSE:NIFTY1!
by ReviveTraders
25th Oct 2024 - Had a good Bear Run, what is the new base? N50Nifty Stance Bearish ️⬇️ We fell 649pts ~ 2.61% this week and our bearish stance from the prior week helped us gain some money. My October PnL was in deep red, thanks to the abrupt swings in between - but the unidirectional move this week was a real blessing and I was able to cut down my losses. The Head and Shoulders position that we published on the daily time frame is getting played out (hope so). For the first time in many months, Nifty's bottom is not getting dip bought and the pattern has changed to sell on rise. I honestly do not remember the last time Nifty had the sell on rise characteristics. I wish to maintain the bearish stance till 24333 is not getting taken out conclusively and deep down, I hope that the Bear run continues till the excesses get thinned off.
NSE:NIFTYShort
by viswaram
NIFTY50: INSTITUTIONAL LEVELS FOR 25/10/2024QUICK 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
NIFTY50: INSTITUTIONAL LEVELS FOR 24/10/2024QUICK 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
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub
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
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
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
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
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