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.
Niftyprediction
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 Intraday Trade Setup For 18 Dec 2024NIFTY Intraday Trade Setup For 18 Dec 2024
Sell_1- From 24590
Invalid-Above 24640
T- 24400
Sell_2-Below 24300
Invalid-Above 24350
T- 24000
NIFTY has closed on a bearish note with 1.35% cut today. Yesterday we discussed that index will be bearish below 24570 and exact mentioned target of 24310 was met. Now index may continue bearish move. A good short below 24300 in case of flat opening. If at all it gaps up then 24590 will be intraday resistance as per half bat.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 24300 then we will short for the target of 24k.
24590 will be pullback short level in case 24300 is safe. T- 24400.
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.
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%....
================================================================
ALL UPDATED CHART OF NSE:NIFTY FROM TOP TO BOTTOM
CHART 1
CHART 2
================================================================
Beautiful Rally Captured both the sides in NSE:NIFTY !!💕💕
26200-------->23265+ (2935+ points)
23265-------->24850+(1585+ points)
================================================================
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 !!
================================================================
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 directions and levels for December 17th.Good morning, friends! 🌞
Here are the market directions and levels for December 17th.
Market Overview:
The global market continues to show moderately bearish sentiment (based on the Dow Jones alone), while our local market is displaying a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is indicating a negative 40 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty saw a minor correction but did not break the 38% Fibonacci level. Therefore, until the support level is broken, the market will maintain its bullish bias. However, if the support is broken, the bullish momentum may turn neutral to bearish. This is the basic structure; let’s analyze this further with the chart.
Both Nifty and Bank Nifty currently share the same structural sentiment.
Nifty Current View:
The current view suggests that if the market initially takes a pullback, it could reach a minimum of 24,752. However, the rally will continue only if the market breaks this level with a solid candle. If it does, we can expect the next targets at 24,818 and 24,857. This is the basic structure.
Alternate View:
The alternate view suggests that if the market sustains the gap-down, the levels 24,559 and 24,531 will act as strong support. If the market finds support here, we can expect a bounce back of at least 38% to 78% in the minor swing.
Conversely, if this support level is broken, the market may fall further to 24,451 and 24,418.
(Note: If you plan to take a position in the bounce back, check for RSI divergence. If divergence occurs, you can enter; if it doesn’t, wait for a 38% Fibonacci breakout in the minor swing. Apply the Fibonacci levels from swing high (24,792) to the upcoming low. Because Range-bound entries can be challenging, and we cannot expect proper swings and in this premium)
Nifty Trading Strategy for 17th December 2024Nifty Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 24,730 on a 15-minute chart
Sell Below: The low of the candle which closes below 24,555 on a 15-minute chart
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 24,730 on a 15-minute time frame.
Sell Signal: Enter a sell position below the low of the candle that closes below 24,555 on a 15-minute time frame.
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.
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 Intraday Trade Setup For 17 Dec 2024NIFTY Intraday Trade Setup For 17 Dec 2024
Bullish-Above 24860
Invalid-Below 24810
T- 25150
Bearish-Below 24570
Invalid-Above 24630
T- 24310
NIFTY has closed on a bearish note with 0.4% cut today. It has formed an inside candle in daily TF at previous swing high. In case it breaks 24800 tomorrow then a good momentum in the higher side can be seen as per compression setup. In case 24570 is broken then it can trigger a fall towards 24300.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150.
For selling we need a 15 Min candle close below 24570. T- 24310.
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.
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 directions and levels for December 16th.Good morning, friends! 🌞 Here are the market directions and levels for December 16th.
Market Overview:
The global market is showing moderately bearish sentiment (based on the Dow Jones only), while our local market displays bullish sentiment. Today, the market may open with a slightly gap-down start, as the Gift Nifty is indicating a negative 100 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty moved in two directions; however, by the end of the day, they closed with a solid rally.
What about today?
> As per yesterday's structure, if the market takes a pullback initially, we can expect further continuation with some consolidation.
> Additionally, open interest (OI) and the RSI indicator support this outlook.
> However, if we look at this from a broader perspective, it seems we are in a range-bound market.
> Therefore, until the market breaks the 38% Fibonacci level on the downside, we can consider this a bullish market. However, if it breaks below this 38% level, we should approach it as a range-bound market. This is the basic structure; let’s explain this in the chart.
Both Nifty and Bank Nifty share the same structural sentiment.
Nifty Current View:
The current view suggests that if the market takes a pullback after the gap-down start, we can expect the rally to continue. However, confirmation should be considered from an effective break of the 24797 mark. This is the basic structure.
Alternate View:
The alternate view suggests that if the market sustains the gap-down and breaks the 24702 mark, it could reach a minimum of 23% to a maximum of 38%. Structurally, it won’t break 38%. However, if it does break, then it will reach the 50% and 78% Fibonacci levels in the recent swing. Simply put, if you find a three-wave structure while it reaches this level, we can expect a bounce back, which indicates a bullish structure. However, if it reaches the 38% level in a straight line, it will likely continue further once it breaks the 38% mark.
NIFTY Intraday Trade Setup For 16 Dec 2024NIFTY Intraday Trade Setup For 16 Dec 2024
Bullish-Above 24870
Invalid-Below 24820
T- 25150
2nd Buy-From 24485
Invalid-Below 24435
T- 24660
NIFTY has closed on a slight bullish note with 0.37% gain last week. Whole week was contracted and only on last day of the week there was good length move in intraday. It has formed an inside candle in weekly TF which also resembles contraction. Overall index is buy on dips till it is above 50 EMA in daily TF. 24870 is the breakout level and 24485 is strong support zone.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24870 then we will long for the target of 25150.
We will buy from 24485 in case it is tested. T- 24660.
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.
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.
NIFTY analysis for tomorrow 14 Dec || BullishAs we discussed NIFTY in the last analysis, nifty is accumulating. It gave a sharp momentum to the downside and then gave a V-shaped recovery and closed at +219 Point.
If we look at the chart now:
The market took support at 200 EMA and gave V shape recovery, which indicates a good bullish setup in the market. The price is trading higher than that of EMA, showing a good bullish structure in the market. Market importance levels are as follows:
Support levels: 50 EMA, 24522, 24339, 200 EMA
Resistance levels: 24800, 25140
If we look at the OI data:
PCR = 1.0, which has increased from 0.9, shows bulls are adding the position in the market. The market has good PE writing at 24500 and 24400. Other levels, 24600, 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 > 60 shows a good bullish structure. (Bullish)
Price > EMA(13, 50, 200), which indicates a good bullish structure. (Bullish)
The market has given a good volume of buyers. (Bullish)
PCR = 1.0 indicates a bullish market.
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 Iron condor
NIFTY ANALYSIS | WAVE THEORY ANALYSIS Hi Trader,
This is wave theory analysis 24350-320 is 2nd wave support for Nifty.
Its does'nt mean buying will happen its possibility 70% chace Buying will happen.
we can see some upside move from next week 16 dec onwards.
Note - Only for education purpose
GIVE LIKE AND FOLLOW..
NIFTY50: INSTITUTIONAL LEVELS FOR 13/12/2024Overview
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 getting ready for Bulls (Buy on Dip)As we discussed in the last analysis, nifty is accumulating. It is expected to be bullish in upcoming sessions.
Impoartant support and resistance levels are on the chart.
If we look at the chart now:
The market is in the accumulation phase, and it can be bullish soon. The market is trading at 200 EMA (15 min TF), which is expected to provide support here. 24521 - 24830 is the mother candle zone and is expected to be a sideways or high volatility zone of accumulation.
The price is trading lower than EMA(13,50) and above EMA(200), which can be a good point of support.
If we look at the OI data:
PCR = 0.90 shows a bullish structure of the market. The market has good PE writing at 24500, which is going to provide good support. Also, it has more CE writing on the upper side at 24600 and 24700, which is going to provide good resistance on the higher side.
I am expecting
Case 1: Sideways in the range 24521 - 24830.
Case 2: if the market breaks 24521 to the downside - Bearish
Reason:
RSI < 40 shows a weak bull structure. (Bearish)
EMA(13, 50) > Price >= EMA(200), which indicates an indecisive or rather sideways market. The market might receive support at 200 EMA.
The market has given a good volume spike that shows this level is good support.
PCR = 0.8 indicates an upcoming bullish market.
Price < VWAP shows that a weak market structure can lead to a bearish market.
Verdict: Bearish or Sideways.
Plan of action:
Buy on dips for Bullish let the setup be formed.
12th Dec 2024 - An calm week after a violent expiry on 5thNifty Nifty Stance Neutral ➡
After last week's rout, I had gone long on the index. Now when I look back, it was a poor decision to make. The reasons for going long was mostly because of the price action on the 5th of December when we had that humungous rally.
This week we had an unusual flat price action with no real movement whatsoever. I read somewhere that the regulators are really concerned and may investigate the previous week's expiry.
Coming back to business, this week we dropped 163pts ~ 0.66%. The week's low was hit on the 10th of Dec, and I sincerely hoped we may get a fall yesterday and today. On the 11th we rose a bit and today we fell a bit and overall the week was flattish.
Looking at the options premiums for the next week, I do not see any major directional movements and hence I am going into a neutral stance. The moment a directional bias appears, I will notify you via the TradingView minds section. I will also publish my directional option strategy as well.
Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them.
For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment.
Key Scenarios for Tomorrow:
Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets.
Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus.
Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
NIFTY 50 index on a 2-hour timeframe, Pattern Identification: The chart shows a potential bullish pattern, likely a falling wedge or a symmetrical triangle, which is often considered a bullish reversal pattern after a downtrend. The pattern suggests that the price might break out upwards.
Price Levels: The current price marked on the chart is 24,566.90 INR, with a timestamp of 01:20:22.
Resistance and Support: The upper line of the wedge/triangle acts as resistance, while the lower line acts as support. The price has been oscillating between these lines.
Volume: There's no volume data visible on this chart, but volume analysis would be crucial to confirm the breakout direction. Typically, a breakout accompanied by high volume is considered more reliable.
Timeframe: This is a 2-hour chart, meaning each candlestick represents 2 hours of trading. This timeframe is often used by swing traders.
Trend Lines: The trend lines forming the pattern are drawn from the recent swing highs and lows, converging towards the right side of the chart.
Potential Breakout: If the price breaks above the upper trend line with significant volume, it might indicate a bullish move. Conversely, if it breaks below the lower trend line, it could suggest further downside.
Target Levels: If this pattern resolves to the upside, the price might target the previous highs or significant resistance levels above the pattern, which could be inferred by extending the height of the pattern upwards from the breakout point.
Risk Management: If trading this pattern, one might consider placing a stop-loss below the lower trend line or the recent low within the pattern to manage risk.
Remember, while this pattern suggests a potential bullish move, it's important to consider other technical indicators, market sentiment, and broader economic conditions before making trading decisions. Also, patterns like these can fail, so risk management is key.