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Niftyprediction

Nifty to Kick-Start the Year with a Pause!● A detailed examination of the daily chart reveals the emergence of an Inverted Cup and Handle pattern, suggesting a bearish outlook. ● However, the index is currently hovering above the critical support level of 23,500, while attempting to establish a foothold above the 200-period EMA, a key dynamic support. ● Furthermore, options data indicates a significant concentration of put writers at the 23,500 strike price, lending additional credence to the support zone. ● Given these technical and sentimental factors, we expect the index to remain in a consolidative phase over the next month, as market participants await a clear catalyst for direction.
NSE:NIFTY
by GoodluckCapital
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.
NSE:NIFTYShort
by viswaram
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.
NSE:NIFTY
by ramkkyy
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.
NSE:NIFTY
by finnova_
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.
NSE:NIFTYLong
by IMStockwala
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by GoodluckCapital
1
#Nifty directions and levels for December 23rd.Good morning, friends! 🌞 Here are the market directions and levels for December 23rd. Market Overview: The global market is showing a moderately bearish sentiment due to the solid pullback in the previous session (based on the Dow Jones). Meanwhile, our local market is displaying a bearish trend. Today, the market may open with a gap-up start, as the Gift Nifty indicates a 170-point positive sentiment. In the previous session, the US market had a strong pullback, which might reflect in our market today. Gift Nifty is also pointing toward this possibility. So, how should we approach this? If the gap-up sustains, we could interpret this as a sub-wave 4. Usually, the 4th wave is characterized by a three-wave structure, which we refer to as a consolidation wave. Therefore, we can expect some consolidation between the previous low and the 38% mark. This is the basic structure; let's look at it on the chart. Both Nifty and Bank Nifty are currently showing the same structural sentiment. Current View: The current view suggests that if the market opens with a gap-up of less than 100 points and then declines initially, we can expect a slight further correction due to some sub-waves bending. However, if this occurs, the minor demand zone will act as strong support. Alternate View: The alternate view suggests that if the gap-up opens with more than 150 points and sustains, then the pullback could continue to the 38% level, with some consolidation as we discussed. This pullback could be interpreted as a 4th wave.
NSE:NIFTY
by Manickamtraders
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.
NSE:NIFTY
by ramkkyy
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.
NSE:NIFTYShort
by K_Dyadav
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.
NSE:NIFTY
by Omahto
Nifty - Is it still Bullish ?I agree Inverted Head and Shoulder pattern failed but short sellers are safe while left out Retail Option Buyers taken long bets are in loss now. As per wave pattern chart is still in last stage of Bullish stage. OI data indicating the same view. If someone manipulating to eat everyone else in market, then can't help. Indian Share market is going out of control these days with someone with bigger money power eating the entire market with manipulations. Our market are in Option Sellers gang control now. Retail Option Buyers better stay away other than long term Investing in Nifty 50 shares.
NSE:NIFTY
by venkatfx
1
#Nifty directions and levels for December 20th.Good morning, friends! 🌞 Here are the market directions and levels for December 20th. Market Overview: Both the global and local markets are maintaining a bearish sentiment. Today, the market may open with a slight gap-down start, as the Nifty is indicating a negative 80 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty experienced a minor pullback after the long gap-down. Although the structure remains bearish, we can expect a continuation only if it breaks the previous day's low with solid movement. If this happens, we can anticipate a target of 78% in the minor swing. On the other hand, if the market initially pulls back without breaking yesterday's low, or if it finds support at the immediate support level with gradual movements, then we can expect a pullback of 23% to 38%. This is the basic structure. Otherwise, we can follow the same sentiment that we discussed in the previous session, as nothing has changed.
NSE:NIFTY
by Manickamtraders
2
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.
NSE:NIFTYShort
by viswaram
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. ========== 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
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.
NSE:NIFTY
by finnova_