How to trade in Nifty Tomorrow Nifty Prediction by Price Action Trading Strategy
Nifty Support for Intraday - 23530 - 23550 , 23450 23430 , 23290-23330
Nifty Resistance For Intraday - 23730 - 23750 , 23780 -23790 , 23830-23850
Nifty Intraday Trading Setup
Keep eyes on Nifty 23700 CE and Nifty 23700 PE
If Nifty Moves Towards 23500 then NIFTY JAN 23700 CE (LTP- 92) target will be 130.-150
If Nifty Moves Towards 23800 then NIFTY JAN 23700 PE (LTP- 87 ) target will be 125 -145
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis – 1.10 ( Bullish)
Max Pain As per Option Chain Analysis – 23600
Major Resistance as Per Nifty Open Interest Analysis – 23850
Major Support as Per Nifty Open Interest Analysis – 23450
The market has a slightly positive bias based on the current PCR and open interest. However, with max pain and key resistance near **23,850**, there are moderate bearish possibilities.
key strike Prices for Nifty Tomorrow
- Bullish above 23,850
- Bearish below 23,700
Overall, the market is **neutral to mildly bearish**.
Niftyprediction
NIFTY Intraday Trade Setup For 5 Feb 2025NIFTY Intraday Trade Setup For 5 Feb 2025
Bullish-Above 23770
Invalid-Below 23720
T- 24050
Bearish-Below 23500
Invalid-Above 23550
T- 23250
NIFTY has closed on a bullish note with 1.62% gain today. It has closed above 50 EMA in daily TF after almost 2 months. Index has consolidated within small range for last 20 days, it has started to rise again but I wont turn bullish until it gives a pullback and then start to make a bullish price structure in daily TF. Since it has closed above EMA bullishness may continue tomorrow above 23770.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23770 then we will long for the target of 24050.
For selling we need a 15 Min candle close below 23500. T- 23245.
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.
Nifty key levels for 03.02.2025Nifty key levels for 03.02.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
NIFTY Trading Strategy-BUDGET DAY 01st Feb 2025NIFTY Trading Strategy:
Buy Strategy:
Entry Point: Buy above the high of the 15-minute candle that closes above 23685
Targets:
First Target: 23743
Second Target: 23805
Third Target: 23900
Stop-Loss: The stop-loss will be set at the low of the candle that breaks out above 23685.
Sell Strategy:
Entry Point: Sell below the low of the 15-minute candle that closes below 23380
Targets:
First Target: 23320
Second Target: 23260
Third Target: 23165
Stop-Loss: The stop-loss will be set at the high of the candle that breaks down below 23380.
Time Frame:
15-Minute Time Frame: This strategy is based on the 15-minute time frame, allowing for shorter-term trading opportunities and quicker responses to market movements.
Important Points:
Stop-Loss Orders: Always use stop-loss orders to manage risk and protect your capital.
Monitor Market Conditions: Continuously monitor market conditions and news that could impact the NIFTY index.
Technical Indicators: Consider using technical indicators and chart patterns to confirm entry and exit points.
Disclaimer: I am not SEBI registered. Please conduct your own research and consult a professional financial advisor before making any investment decisions. Trading and investing involve significant risk of loss and are not suitable for every investor.
A Clear Wolfie Structure in nifty which is ticking all the boxesTitle: Wolfe Wave in Nifty: A Bullish Breakout Targeting 23,300
Introduction
The Indian stock market has been showing strong momentum, and technical traders are keeping a close eye on Nifty’s price action. A bullish Wolfe Wave pattern appears to be forming, pointing towards an upside target of 23,300. This article will break down the structure of the pattern, key levels to watch, and how traders can position themselves for potential gains.
What is a Wolfe Wave?
A Wolfe Wave is a natural reversal pattern found in financial markets, signaling an upcoming price move. It consists of five waves, forming a contracting wedge, with the final breakout aligning with the extended 1-4 trendline, also known as the profit target line.
In the case of Nifty, a bullish Wolfe Wave seems to be developing, indicating a possible rally toward the projected target of 23,300.
Key Levels & Pattern Breakdown
1. Wave 1-2: The initial impulse wave, establishing the first trend.
2. Wave 2-3: A corrective move against the first wave.
3. Wave 3-4: A strong move in the direction of the initial trend.
4. Wave 4-5: The final corrective wave, typically touching or slightly breaking the 1-3 trendline before reversing.
5. Breakout & Target: The price moves sharply towards the 1-4 trendline, which acts as the profit target.
Current Nifty Setup
• Support Zone: The recent low around 22,600
• Breakout Level: Nifty needs to break above 22,900 decisively
• Target Price: The extended 1-4 trendline suggests an upside move to 23,300
• Stop-Loss: Below the previous swing low (22,500) to manage risk
Confirmation Signals
For a strong breakout, traders should look for:
✅ Volume Surge: A breakout with rising volume adds credibility.
✅ RSI above 50: Bullish momentum confirmation.
✅ MACD Crossover: A positive crossover supports the uptrend.
✅ Global Market Sentiment: A supportive macro environment can fuel the rally.
Conclusion
If the bullish Wolfe Wave pattern plays out as expected, Nifty could rally toward 23,300 in the coming sessions. However, traders should remain cautious of external market factors, such as global events and economic data, which could influence price action. Managing risk with proper stop-loss levels is crucial for maximizing gains while protecting capital.
Would love to hear your thoughts—do you see the same setup? Drop a comment below!
NIFTY 50 - BEARISH TREND WITH RESISTANCE ZONES AHEADSymbol - NIFTY50
CMP 23260
The Nifty50 is currently in a downtrend and is trading within a falling wedge pattern, indicating potential for a bearish move in the near future. At present, the index is trading at a resistance zone, specifically between 23260-23300, with additional resistance zones positioned further upwards. Given these technical factors, there is a strong expectation for a sell-off from the current levels. The downside targets are expected to be around the lows that were formed a few days back, which are near the 22800 level and possibly lower.
From a broader perspective, the Nifty50's technical structure suggests that further downward movement is likely as the price faces resistance and struggles to break above key levels. Therefore, traders should be cautious of any bullish reversal in the immediate term and instead focus on potential downside targets.
Key resistance levels to watch are near 23260-23300, with additional resistance higher up. Support is anticipated at the 22900-22830 level and below. Given the current pattern and resistance zone, a short-term bearish outlook seems more probable, with a potential continuation of the downtrend.
NIFTY Trading Strategy for 31th January 2025NIFTY Trading Strategy:
Buy Strategy:
Entry Point: Buy above the high of the 15-minute candle that closes above 23350
Targets:
First Target: 23399
Second Target: 23441
Third Target: 23483
Sell Strategy:
Entry Point: Sell below the low of the 15-minute candle that closes below 23190
Targets:
First Target: 23145
Second Target: 23100
Third Target: 23045
Disclaimer: I am not SEBI registered. Please conduct your own research and consult a professional financial advisor before making any investment decisions. Trading and investing involve significant risk of loss and are not suitable for every investor.
Important Video for Trader'sTake regular breaks when you are reading or studying. Reading for short periods of time of about 20-30 minutes should be enough to really focus on the text and take in as much as possible. 7. Read in a positive environment that is comfortable and free of distractions as this will help improve your concentration.
The 60-60-50 RSI strategy is a trading strategy that generates buy/sell signals by analysing the RSI across multiple timeframes. This course will teach you the logic of the 60-60-50 strategy and how to apply it.
Title: Nifty 50: Downtrend Persists, But a Reversal PossibleNifty 50 has dropped 12% from its all-time high, causing fear in the market. However, a Wolfe Wave pattern suggests a possible bounce. After peaking at 22,277 on September 27, 2024, Nifty has been falling, with a brief rise on November 21, 2024, before hitting a new low of 22,786 on January 27, 2025. The short-term correction seems over, and an upside move toward 24,900–25,000 is likely, though risks remain—stop-loss is essential.
Disclaimer: This is for information only, not financial advice. Do your research before investing.
Journey to become a profitable traderIt starts with an examination that tests trading proficiency and encourages risk management and discipline. Upon completing the examination, the trader will join a prop trading firm, receive a trading account and then grow that account by meeting fixed objectives and withdrawing their profit.
The 1% rule demands that traders never risk more than 1% of their total account value on a single trade. In a $10,000 account, that doesn't mean you can only invest $100. It means you shouldn't lose more than $100 on a single trade.
#Nifty directions and levels for January 29th:Good Morning, friends! 🌞
Here are the market directions and levels for January 29th:
Market Overview:
There have been no significant changes in the global markets, which are still maintaining a bullish sentiment based on the Dow Jones. However, our local market is showing a moderately bearish sentiment. Today, the market may open neutral to slightly gap-up, as Nifty indicates a positive move of 40 points.
In the previous session, both Nifty and Bank Nifty had a solid rally, but by the end of the day, they fell slightly. Structurally, the market is still in bearish territory. So, today's session may see some consolidation within the previous day's range. Let's look at the chart.
Both Nifty and Bank Nifty share the same structural sentiment.
Nifty Current View:
Even if the market starts with a gap-up, structurally, it may not sustain. So, if the market declines initially, we can expect a correction towards the 22862–22827 level, which is a major support zone. If the market finds support here, it is likely to bounce back to its opening levels.
> On the other hand, if the market breaks this zone or consolidates around it, the correction will likely continue towards 22776, a minor pullback zone.
Alternate View:
If the gap-up sustains, 23089 will act as strong resistance. If the market gets rejected at this level, we can expect a range-bound session. However, if it consolidates or breaks above this level, the rally will likely continue towards 23185 and the 78% retracement level.
Nifty Trading Strategy for 29th january 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 23,050
Targets: 23,090, 23,140, 23,190
Stop-Loss: Below the low of the 15-minute candle that closed above 23,050
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 22,850
Targets: 22,803, 22,765, 22,725
Stop-Loss: Above the high of the 15-minute candle that closed below 22,850
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
Nifty50: We are at the Cusp of a Mega Bull market till 2026 !!As per my Time cycle and Elliot wave forecast, we can see major lows in the markets are formed on or near this 144 days GANN cycle, so as per this research, a meaningful low is now due in our Indian markets in coming weeks, a low which will not to tested for the years to come, so don't be afraid of the ongoing correction which is at the matured stages, don't fold your SIP's or Investments, its time to be GREEDY for the rest of 2025 and 2026, Accumulating nifty via Nifty bees now and can near key retracement levels (Refer chart) can be a wise Idea.
Nifty key levels for 28.01.2025Nifty key levels for 28.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty 1D Bear Market Technical Analysis (Distribution Phase)- Nifty is currently trading at 22,829.
- Nifty has erased 13.11% from its all-time high of 26,274.
- Ninety percent of social media outlets and broadcasters have stopped their perpetual bullish commentary on Nifty, which they claimed would never stop. The next ten years for India are expected to be very bullish, and Nifty could soon head towards 30,000 following this drop.
- Now, let's focus on understanding what we can expect from this drop and where prices may head in the upcoming days.
- Nifty is about to test the largest liquidity grab it made around 21,285. After that, we may quickly see Nifty rebalance the inefficiencies it creates during this impulsive downward move.
- The level I will be considering for my personal investment is between 18,832 and 19,000.
- The range of 18,000 to 20,000 is likely to be a very strong zone for long-term investments rather than short-term swings, as markets typically move in cycles of accumulation, manipulation, and distribution.
- To fill the gaps, the market rebalances every imbalance, taking out liquidity between candles and heading toward new lows or highs. The market seeks liquidity from Fair Value Gaps; that's how it usually moves.
- We have witnessed a bull market for 2 years now. In my opinion, we are soon going to experience a Distribution phase of 2 years filled with many manipulations and dead cat bounces. Stay cautious and don't miss discounted levels; an index correcting 30% is significant.
Nifty Trading Strategy for 28th January 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 22,900
Targets: 22,950, 23,000, 23,050
Stop-Loss: Below the low of the 15-minute candle that closed above 22,900
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 22,700
Targets: 22,660, 22,615, 22,565
Stop-Loss: Above the high of the 15-minute candle that closed below 22,700
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
Nifty - Possible end of bears controlFrom the ATH of 26151 Nifty is almost reaching its 10% correction value @ 22635
Area of 22650 to 750 also happens to be the last strongest support point
At this level it can be make or break situation for nifty
Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high
It may be a risky call but Risk to Reward is excellent
Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
#Nifty50 - 27th November NSE:NIFTY
Chart contains support and resistance levels ( understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
Ps note: I'm not SEBI Registere 🙏🏻
Nifty Trading Strategy for 27th January 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 23,260
Targets: 23,320, 23,375, 23,440
Stop-Loss: Below the low of the 15-minute candle that closed above 23,260
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 23,005
Targets: 22,940, 22,880, 22,825
Stop-Loss: Above the high of the 15-minute candle that closed below 23,005
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
Nifty Trading Strategy for 24th January 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 23,280
Targets: 23,320, 23,360, 23,405
Stop-Loss: Below the low of the 15-minute candle that closed above 23,280
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 23,195
Targets: 23,155, 23,105, 23,070
Stop-Loss: Above the high of the 15-minute candle that closed below 23,195
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Gold Trading Strategy For 24th January 2025Gold Trading Strategy
Buy Strategy:
Condition: Wait for the 15-minute candle to close above 2760.
Trigger: Buy when the price moves above the high of the 15-minute candle that closed above 2760.
Targets: 2773, 2779, 2785
Stop-Loss:
Set a stop-loss order below the low of the 15-minute candle that closed above 2760 to limit potential losses.
Sell Strategy:
Condition: Wait for the 15-minute candle to close below 2747.
Trigger: Sell when the price moves below the low of the 15-minute candle that closed below 2747.
Targets: 2740, 2735, 2729
Stop-Loss:
Set a stop-loss order above the high of the 15-minute candle that closed below 2747 to limit potential losses.
Disclaimer:
This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.