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.
Niftyoutlook
Nifty Outlook for 2025: Are We Entering a Bear Market?As the selling pressure in Nifty persists, the big question is: will it reverse course and hit new highs, or are we heading for a deeper downturn in 2025? Let’s set aside the noise about why FIIs are selling, DIIs buying, or other market triggers, and focus on what the charts are telling us.
What the Charts Say
After reaching an all-time high of 26,277.35 on 27th September 2024, Nifty corrected by 11.50%, dropping to 23,263.15 on 21st November 2024. This decline broke the Higher High - Higher Low pattern when it fell below the previous low of 23,893.70 (formed on 5th August 2024). Nifty retraced to make a high of 24,857.75 on 5th December 2024, only to resume its decline.
As of 20th December 2024, Nifty closed at 23,587.50, and a break below 23,263 could confirm the start of a Lower High - Lower Low pattern, signalling a potential bearish trend.
Key Zones to Watch
- Resistance Levels:
Strong Weekly Resistance: 24,567.65 - 25,234.05
Near Daily Resistance Zones: 24,149.85 - 24,394.45 and 24,601.75 - 24,781.25
- Support Levels:
Near Support: 22,640 - 22,910
Far Support: 21,281 (previous major low from 4th June 2024)
Trends & Insights
The Weekly and Daily Trends (50 SMA) remain sideways, indicating uncertainty.
To confirm a bullish revival, the Nifty must break and sustain above 25,000 - 25,250. Until then, the market appears to favour a "Sell-on-Rise" strategy.
A fall below 22,640 could lead to further downside, with 21,281 emerging as a critical support zone.
Final Thoughts
The coming days are crucial. The market’s direction hinges on whether Nifty can defend key support levels or succumb to the pressure and form a Lower High - Lower Low pattern.
What’s your take on Nifty’s outlook for 2025? Share your views in the comments below – let’s discuss! 👇
NIFTY Intraday Trade Setup For 20 Dec 2024NIFTY Intraday Trade Setup For 20 Dec 2024
Bullish-Above 24010
Invalid- Below 23960
T- 24220
Bearish-Below 23850
Invalid-Above 23900
T- 23650
NIFTY has closed on a bearish note with 1% cut today. It opened with a big gap down due to global cues and it sustained the gap down. 10 o'clock range was to be used but index traded between the same for the whole day. 24k was tested multiple times so if index sustains above 24k then chance of a gap filling can be there. Below 23850 plain vanilla trendy short can be planned.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 24010 then we will long for the target of 24220.
For selling we need a 15 Min candle close below 23850. T- 23650.
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.
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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.
NIFTY50 Head & Shoulder Pattern in Weekly Charts₹₹Nifty50 making Head & Shoulder in Weekly Charts with Price range of 3000 points(23266-26277). If Chart Pattern play-out perfectly then Target price range will be 2500-3000 points till 20288 levels.
Nifty50 also have a gap on 20288 levels bcoz of Election Results of 4 States on Dec 3,2023 after that rally started. Now Nifty50 can fill this gap if Chart Pattern play-out perfectly.
I will wait for Nifty50 to break down 23266-22777 levels zone & closing below 22777 levels. If Nifty50 close below 22777 levels then Short Nifty50 for Targets of 22122, 21777, 21288, 20777 & 20288 with Stop Loss of 23444.
But this Pattern will fail above levels of 24555.
Most Important we have to carefully watch RELIANCE bcoz it's already at 52 week lows & At Parallel Channel Support in Monthly Charts. If Reliance also give breakdown of channel then it will be easy for Nifty50 to reach all targets. Similarly HDFC BANK at upper Resistance of Parallel Channel in Monthly Charts.
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.
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.
NIfty Weekly Bull Run Resumes after Flag 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 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.
NIFTy Hourly Retrace 61% swing Set upHello everyone,
Nifty falling 3rd consecutive day from 24660 to 23880 reatrace 61% fibbonacci and RSI also overold for hourly chart sustaining above 24000 give more power to buyers,
fed cut the rates by 0.25basis but commented no changes in coming year leads to fall of global markets,
expecting upside swing momentum till 24500,24700,25000. below 23800 go more panic for 23500,23300,23000
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.
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.
Nifty Trading Strategy for 18th December 2024Nifty Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 24,425 on a one-hour chart
Sell Below: The low of the candle which closes below 24,245 on a one-hour chart
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 24,425 on a one-hour time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 24,245 on a one-hour time frame.
Gap Down Risk Strategy:
If the Market Opens Lower: Around 24,200-24,240 levels
Buy Signal: Enter a buy position with a stop-loss of 24,175
Additional Tips:
Monitoring: Continuously monitor the one-hour 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.
NIFTY OUTLOOK....Ready For All Time High Again ?NSE:NIFTY
Current Market Price 24700
Below chart was made on 21/11/2024 regarding BOTTOMING OUT of NSE:NIFTY from correction phase of more than 3000 points from All Time High (-11.47% from ATH) !
Before that on 20/09/2024 when NSE:NIFTY was continuously making Life Highs we stated that it will be TOPPED near 26200 levels, And from there we saw a decent and healthy correction of more than 10%....
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ALL UPDATED CHART OF NSE:NIFTY FROM TOP TO BOTTOM
CHART 1
CHART 2
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Beautiful Rally Captured both the sides in NSE:NIFTY !!💕💕
26200-------->23265+ (2935+ points)
23265-------->24850+(1585+ points)
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CURRENT SCENARIO of NSE:NIFTY
LTP 24700
Any dip till 24000 can be bought with a Weekly Closing Basis Stoploss of 23743
Targets🎯24905 / 25025 / 25111 / 25275 / 25490 / 25800++++
Will revisit the situation when all mentioned targets will be achieved !!
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Thanks !
Harm⭕nics4Life
05/12/2024
Disclaimer.
I am not sebi registered analyst.
My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.
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.
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.
Nifty 50 spot 24556.00 by Hourly Chart viewNifty 50 spot 24556.00 by Hourly Chart view
- Intermediate Support Zone 24475 to 24525
- Resistance Zone 24750 to 24885 Price Band may become a Support Zone
- The Next Support Zone seen at 24300 to 24375 Price Band acting as H&S neckline
- Resistance Zone 24750 to 24885 Price Band needs to be crossed, closure sustained above it for continued upwards bullish transition
Nifty 50 spot 24781.30 by Hourly Chart viewNifty 50 spot 24781.30 by Hourly Chart view
- Intermediate Support Zone 24475 to 24525
- Resistance Zone 24750 to 24885 Price Band may become a Support Zone
- The Next Support Zone seen at 24300 to 24375 Price Band acting as H&S neckline
- Resistance Zone 24750 to 24885 Price Band needs to be crossed, closure sustained above it for continued upwards bullish transition
Rebound Revival: Will Nifty's Upward Trajectory Continue?● After experiencing a notable decline from its peak, the broad index has found support around the 23,250 level.
● Since then, it has demonstrated a strong recovery and is currently trading just below the key resistance level of 25,000.
● In the near term, the range between 23,900 and 24,000 is expected to act as support.
● We can anticipate a phase of consolidation between these immediate support and resistance levels, as suggested by the open interest data.
● Additionally, the 2-hour chart reveals the formation of an Inverted Head & Shoulders pattern, suggesting a bullish outlook.
● However, for a substantial upward movement, the Nifty must break through and maintain its position above 25,000.