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Nifty Trading Strategy: 4th November 2024Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,305.00 Key Levels: Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour 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 24,305.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely. Recommendations: Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. 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 for muhurat Trading 01.11.2024Nifty 50 Analysis: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,206.00 Support Levels: 24,100, 24,000 Resistance Levels: 24,500, 24,600 Key Points: The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500. A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond. Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower. Recommendations: Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740. Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900.
NSE:NIFTY
by ramkkyy
Nifty for 30.10.2024Trading Levels for Today (Based on 1-Hour Candle Close): Buy Above 24,500: Enter a buy position if a 1-hour candle closes above 24,500. This could confirm a breakout and signal upward momentum. To manage risk, set a stop-loss in case of unexpected price reversals. Sell Below 24,200: Enter a sell position if a 1-hour candle closes below 24,200. This may confirm a breakdown, indicating further downside potential. Set a stop-loss to protect against sudden price rebounds. Disclaimer: I am not a SEBI-registered financial advisor. These levels are based on my personal trading approach for today, focusing on 1-hour candle close confirmations. Please perform your own analysis and consult with a certified professional before making any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty 50 spot 24339.00 by Daily Chart viewNifty 50 spot 24339.00 by Daily Chart view - Most probable Resistance Zone seen at 24750 to 24875 for Nifty 50 Index - Gap Down Opening of 03-October-2024 got Filled Up and has been Closed - Gap Down Opening of 05-Aug-2024 of 336 points got filled in by downfall of Nifty 50 - 24050 to 24175 decent Support Zone and it seems Nifty reversed tad low from 24073.90 - Nifty 50 Index traversed inside Bullish Rising Price Channel till the end of September 2024 - Currently in Bearish Falling Price Channel but seems taking reversal at Support Zone 24050 to 24175 anticipating upside
NSE:NIFTY
by PIYUSHCHAVDA
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
Nifty 50's Top Constituents Stand Tall Amidst Uncertainty◉ Abstract The recent decline in the Nifty 50 index can be attributed to several interconnected factors affecting market sentiment. Geopolitical tensions, particularly the conflict in the Middle East, have increased uncertainty and volatility among investors. Additionally, significant foreign institutional investor (FII) outflows, surpassing ₹1,00,000 crore in October 2024, reflect concerns over high valuations in Indian markets compared to more attractive options abroad. Weak earnings reports from Indian companies have further fueled investor anxiety, prompting reassessments of growth sustainability. Overall market sentiment has turned cautious due to uncertainties surrounding upcoming events like the US elections and ongoing geopolitical issues, leading to a broader sell-off. Technical analysis indicates potential support levels between 22,750 and 23,000, while valuation metrics suggest that despite recent declines, many key Nifty stocks remain fairly valued, with caution advised for new investments during this volatile period. Read full analysis . . . ◉ Introduction The recent fall in the Nifty 50 index can be attributed to several key factors that have affected market sentiment and investor behaviour. ● Geopolitical Tensions: The ongoing conflict in the Middle East, particularly the Iran-Israel war, has heightened global uncertainty. This geopolitical instability has led to fears among investors, contributing to market volatility and declines in stock prices ● Foreign Institutional Investor (FII) Outflows: There has been significant selling by foreign institutional investors, with outflows reaching above ₹1,00,000 crore in October 2024. This trend is partly driven by concerns over peak valuations in Indian markets compared to cheaper valuations in other markets, such as China ● Weak Earnings Reports: Recent quarterly earnings from Indian companies have shown weakness, raising concerns about the sustainability of growth. This has led to increased selling pressure as investors reassess their positions in light of disappointing financial performance ● Market Sentiment and Investor Jitters: Uncertainty surrounding upcoming events, such as the US elections and ongoing geopolitical tensions, has made investors cautious. This sentiment is reflected in the broader market sell-off and a lack of confidence in taking long positions during this volatile period ◉ Technical Analysis ● Weekly Chart ➖ The weekly chart indicates a strong upward trend, with the index consistently achieving higher highs and lows. ➖ However, a significant selling pressure from the peak has led to a sharp decline. We expect to find potential support in the range of 22,750 to 23,000. ● Daily Chart ➖ The index has broken through the neckline of the Head & Shoulders pattern. ➖ While there is immediate support around the 23,900 to 24,000 level, we believe the index may struggle to maintain this level and could drop further. ➖ Robust support is anticipated between 22,750 and 23,000. ◉ Valuation Analysis ➖ The Nifty PE Ratio has dropped to 22.5, slightly below its 1-year average of 22.6 and significantly lower than its 5-year average of 25.24. This suggests that the Nifty is currently fairly valued. ➖ However, the recent quarter's lacklustre EPS growth is a concern, exerting downward pressure on the major index. As the major index struggles, it's worth taking a closer look at the key Nifty constituents that carry substantial weightage. 1. HDFC Bank NSE:HDFCBANK Sector - Banking & Financial Services Weightage - 11.34% ● Technical Overview ➖ For nearly three years, the stock has been range-bound, exhibiting stability. ➖ Despite the broader market's downturn, it has shown no reaction, suggesting that its sideways movement is likely to continue. ● Valuation ➖ The stock currently trades at a PE ratio of 19.2, moderately above its 1-year median PE of 17.5. ➖ Notably, the company's earnings performance has shown improvement, with a quarter-over-quarter increase in EPS: June quarter: ₹21.65 September quarter: ₹23.36 2. Reliance Industries NSE:RELIANCE Sector - Oil & Gas Weightage - 8.64% ● Technical Overview ➖ Following a record peak near 3,200, the price retreated and is now approaching its key support level of 2,550. ● Valuation ➖ The current PE ratio of 26.5 indicates undervaluation relative to its 1-year median PE of 28.3. ➖ Earnings growth supports this positive valuation outlook: Current EPS: ₹24.48 Previous quarter EPS: ₹22.37 3. ICICI Bank NSE:ICICIBANK Sector - Banking & Financial Services Weightage - 7.74% ● Technical Overview ➖ The stock has maintained a strong uptrend, demonstrating remarkable resilience amidst recent market downturns. ➖ However, from a technical standpoint, a short-term pullback towards the 1,100 level cannot be ruled out. ● Valuation ➖ The present PE ratio of 18.7 suggests a minor overvaluation when compared to its 1-year median PE of 17.9. ➖ EPS improved significantly from ₹16.62 in June to ₹18.38 in September, indicating a positive trend in the company's financial performance. 4. Infosys NSE:INFY Sector - Information Technology Weightage - 5.83% ● Technical Overview ➖ The stock has successfully broken out of its Rounding Bottom pattern and is now consolidating above the breakout level. ● Valuation ➖ The present PE ratio of 28.7 suggests a minor overvaluation when compared to its 1-year median PE of 26.4. ➖ Earnings growth, although subdued, remains stable: June quarter: ₹15.34 September quarter: ₹15.67 5. ITC NSE:ITC Sector - FMCG Weightage - 4.16% ● Technical Overview ➖ The stock remains in a strong uptrend, consistently forming higher highs and lows. ➖ After reaching an all-time high of 528, the price has pulled back and is now testing its crucial support zone between 460-470. ● Valuation ➖ The present PE ratio of 29.4 suggests a minor overvaluation compared to its 1-year median PE of 27. ➖ Furthermore, the earnings per share (EPS) has declined from the previous quarter, falling from ₹4.08 in June to ₹3.99 in September. 6. Bharti Airtel NSE:BHARTIARTL Sector - Telecom Services Weightage - 3.95% ● Technical Overview ➖ The stock price has experienced a notable rise. ➖ After hitting an all-time high near the 1,780 level, it has corrected and is anticipated to find support along its trendline. ● Valuation ➖ The stock's current PE ratio of 83.5 significantly exceeds its 1-year median PE of 65.3, indicating substantial overvaluation. ➖ Ahead of the upcoming quarterly results, earnings execution is not expected to be robust, potentially leading to a sharp correction in the stock price. ◉ Conclusion Analysis of six pivotal Nifty 50 stocks reveals that, excluding Bharti Airtel, they are fairly valued. With a combined weightage of over 40%, these stocks underpin index stability Given this significant representation, we do not foresee a drastic decline in the index from either a technical or fundamental standpoint. However, the ongoing war may impact global sentiment, influencing market mood. Therefore, we advise caution when considering new buy positions.
NSE:NIFTY
by GoodluckCapital
Nifty 1W Technical Analysis & CommentaryIndian Stock Market Update - Nifty and Bank Nifty have been plunging for a week, and we are witnessing major sell-offs. - The primary reasons behind the drop are: 1) All indices were overstretched, 2) Foreign Institutional Investors (FIIs) are pulling out their money and moving it elsewhere, and 3) Institutions are booking profits across the board, trapping late buyers who fell for fear of missing out (FOMO). - I am sticking to my plan, which I always follow. I won’t make a single penny’s long-term investment right now unless I see significant flash crashes. Market premiums are still high, and these influencers are unhelpful; when the market is rising, they talk about even higher highs, and the moment it turns bearish, they start discussing defensive plays. Your focus should be on understanding your wealth profile first, assessing asset allocation, and evaluating your liquidity. What if the market falls more? - The market will soon show us a dead cat bounce, which will be an exhaustion rally; don't fall into that trap again. - I will start swinging again once the index begins to stabilize and I see setups forming that meet my criteria and rules. Until then, I will remain on the sidelines, read books, and focus more on the crypto market. - For now, fold your chips, let the market do its thing, and wait for it to normalize instead of forcing setups.
NSE:NIFTYLong
by VKtradesimbalance
NIFTY... ELLIOT WAVES COUNTING....Dear friends, As we see in the chart, Nifty is correcting rapidly from an all time high level. While counting the Elliot waves, we can see that waves 1 and 3 on the downside have been completed. The five waves of wave 3 are shown in the chart. Now we can expect wave 4, which is likely to consolidate for a few days. Wave 4 is likely to have moves on either sides and it can form a zig zag or a flat or a triangle pattern. I had shown a flat pattern of wave 4 in the chart. As per my view, the right time to invest will be at the end of wave 5 which is likely to be around 24000 to 24300 levels. Get ready to ride the bumpy wave 4 guys! Trade with appropriate stoploss.
NSE:NIFTY
by Stock-Holmes
9
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 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
NIFTY Intraday Trade Setup For 18 Oct 2024NIFTY Intraday Trade Setup For 18 Oct 2024 Sell_1- From 24910 Invalid-Above 24960 T- 24750 Sell_2- Below 24690 Invalid-Above 24740 T- 24470 NIFTY has closed on a bearish note with 0.89% cut today. It has approached hourly support zone near 24700 zone. Post bounce from hourly support index can dive below 24690. Index is probably heading towards 23700 zone in the coming days. 25250 is hourly resistance and a reversal level too. Coming to Friday's trade setup, if index opens flat and 24910 is tested then one can short from the same. T- 24750 In case of flat opening one can short below 24690 on 15 Min candle close. T- 24470. 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
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