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NIFTY Intraday Trade Setup For 17 Jan 2024NIFTY Intraday Trade Setup For 17 Jan 2024 Bullish-Above 23450 Invalid-Below 23400 T- 23600+ Bearish-Below 23270 Invalid-Above 23320 T- 23080 NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening. Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600. For selling we need a 15 Min candle close below 23270. T- 23080. 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 50 Trade Strategy for next few days.NIFTY Trade Strategy 💡📊: Bullish Scenario (Breakout) 📈🚀: If Nifty breaks above 23400 (R1), consider entering a long position with a target of 23500-23550 (R2). Place your stop-loss as per your Risk management. Bearish Scenario (Reversal) 📉⚡: If Nifty faces resistance at 23400 (R1) and begins to drop, look for short positions with a target around 23270 (S1) or 23150 (S2). Risk Management ⚖️: Always protect your capital with system stop-loss. Adjust your position size based on the volatility of the market and your risk tolerance. Happy Trading..!
NSE:NIFTY
by Monik7001
Nifty weekly expiry analysis for 16/01/2025For last 2 trading session nifty is consolidating in a box, while banknifty is moving 400-500 points in intraday and tomorrow is it's weekly expiry. If the market starts trading outside the box, there is high probability of forming a trending day for the index. Market had respected the round number support of 23k. It can either retest the support or even breach the recent low to test the support trendline. Major levels (for intraday) Support :- 23135, 23000 Resistance :- 23285, 23380 Wait and watch the price action for confirming the direction and intensity of the move.
NSE:NIFTY
by TheMamboMomentum
Nifty 50 at a Critical Support: Rebound or Further Decline?Hello everyone, i hope you all will be doing good in your life and your trading as well, today i have brought a daily timeframe analysis on Nifty which is trading within a Bearish Falling Channel and recently broke down from a smaller Bullish Channel , indicating continued weakness. It is now approaching a Strong Support Zone , which could either lead to a rebound or a fall toward 22,246 if the support breaks. The RSI shows bearish divergences aligning with past declines, while recent bullish divergence suggests possible support. This is a key level to watch closely. Disclaimer: This post is for educational purposes and not financial advice. Always do your research and manage your risk. Don’t forget to like and follow for more trading ideas like this. Check out my profile @TraderRahulPal for other detailed insights into technical and fundamental setups. Let’s grow together!
NSE:NIFTY
by TraderRahulPal
11
Double Bottom Alert: NIFTY 50’s Turning Point? The NIFTY 50 is approaching a crucial technical zone, hinting at a potential reversal with a double bottom formation in play. Will the bulls seize this opportunity to rally, or will the bears maintain their grip? Key Points: 1. Resistance Zones: - 23,758.05 - 23,647.05 - 23,570.60 - 23,458.50 2. Support Levels: - 23,268.75 - 23,153.60 - 23,037.15 3. Current Setup: The NIFTY 50 is hovering near a critical double bottom area, a historically strong reversal pattern if validated. The price action suggests a cautious optimism, with significant resistance levels overhead. A breach of these levels could signal a breakout, while a failure to hold support may lead to further downside. How to Trade This: - Bullish Strategy: Enter long above 23,458.50, targeting 23,647.05 and 23,758.05. Use 23,268.75 as a stop-loss. - Bearish Strategy: Enter short below 23,153.60, aiming for 23,037.15 and 22,900. Place a stop-loss above 23,268.75. Bottom Line: The double bottom pattern indicates a potential turning point for NIFTY 50. However, confirmation of a breakout above resistance is key for bullish momentum. Watch the support zone closely for invalidation signals. NSE:NIFTY Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
Nifty Trading Strategy for 13th January 2025Nifty Trading Strategy Buy Strategy: Entry Point: Buy above the high of the 15-minute candle that closes above 23,577. Targets: 23,630, 23,680, 23,720 Sell Strategy: Entry Point: Sell below the low of the 15-minute candle that closes below 23,340. Targets: 23,297, 23,240, 23,180 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.
NSE:NIFTY
by ramkkyy
Nifty weekly analysis for 13/01/2025.The weekly charts of the index is looking bearish as the market has closed around the 50 EMA. A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels. If the support levels is breached it can test the lower support level of 22k. Sell on rise the market is there. On daily charts market has reversed from the levels but bullish trades can only be trade once the previous resistance level is taken out. Major levels Support :- 22340, 22650 Resistance :- 23750, 24175 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum