#Nifty directions and levels for November 26th.Good morning, friends. Sorry for the delay.
Structurally, there is a bullish market; however, the momentum is currently decreasing.
> What does this indicate? It suggests a slight consolidation between the immediate resistance and the downside demand zone. A solid rally will occur only if it breaks the immediate resistance with a potential breakout; otherwise, it won't rise significantly.
Niftyprediction
NIFTY50: INSTITUTIONAL LEVELS FOR 26/11/2024Overview
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.
NIFTY50 Correction Mode over? Next move: 25200/26000 or 22500??1. On a daily time frame, Nifty50 formed a Head and Shoulders(H&S) pattern which is a bearish reversal pattern suggesting a potential downward trend. NIFTY broke the neckline and completed the H&S downside fall.
2. Now NIFTY is at a 0.618(22,435) Fibonacci Retracement level and is currently being tested as support. Next Fibonacci level on the downside is is at 22557.
3. A long-term trend ascending trendline may also act a dynamic support below 0.618 level. Overall NIFTY has a strong support zone from 22200-400.
4. With RSI at over sold levels, NIFTY may not retest 0.5 Fibonacci level and a good bounce can be seen from 22300-450 levels.
5. On the upside, strong resistance can be seen at 24100-150 levels.
NIFTY BOUNCE retrace 61% EMA 50 ResistanceHello Everyone,
Nifty Bounce more than 1000 point by taking ema50 support on weekly chart. now at daily chart its retrace 61% and ema 50 and trendline plus supply zone resistance there once nifty needs to retrace down to 50 or 61% to continue adjust RSI and the healthy bull move.
NIFTY Bearish Harmonic pattern __RSI overbought Hello Everyone,
NIfty Spot 24260 huge upside move on election results and support area of 23200-23400 now there is one hurdle at 24400-24600 also a bearish harmonic pattern with RSI overbought ,
with trendline+ EMA 200 resistance+ Supply zone.
Nifty either needs to paued the trend and cool off/adjust RSI and tak any of fibbo retracement so small corrective move exepected or sideways is good for long.
Nifty Intraday Levels | 25-NOV-2024Nifty Options Scalping
1️⃣ Zones to Watch:
👉Green Zone: Institutional support
👉Red Zone: Institutional resistance
👉Gap: 100-200 points between zones
👉Zone Creation: Based on pivot points and Fibonacci
👉Chart: Use Nifty futures chart for reference
2️⃣ Trade Execution:
👉Order Flow: Triggers trades
👉Timeframes: 1-min & 5-min for scalping
👉Risk-Reward: 1:2 (Risk 1 to gain 2)
👉Strike Price: ATM or slightly ITM options
👉Position Sizing: Adjust to risk tolerance
3️⃣ Rules:
👉9:15 AM Sharp: Ready for market open
👉Risk Management: Top priority
👉Quick Trades: "Morning breakfast" scalps
👉Stop-Loss: 10 points
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Nifty Trading Strategy for 25th November 2024Nifty Trading Analysis & Key Levels .
Current Value: The Nifty index closed at 23,907, indicating a strong bullish tone in the market during the last trading session.
Key Levels to Watch:
Buy Zone: Consider initiating long positions if the Nifty moves above 24,070, confirmed by a 15-minute candle close. This level may trigger further upward momentum as buyers dominate the market.
Sell Zone: Look for opportunities to short if the Nifty falls below 24,742, confirmed by a 15-minute candle close. A breach of this level could signal bearish sentiment returning to the market.
Nearest Resistance Levels:
24,225: This is the first major hurdle for the index on the upside. A strong breakout above this level could pave the way for further gains.
24,325: The next resistance level where selling pressure may emerge. Watch for price action around this level to assess market strength.
Nearest Support Level:
24,600: This level acts as immediate support, and any move below it could signal a reversal in the current bullish sentiment. Traders should remain cautious if the index approaches this level.
Market Sentiment:
The market closed on a bullish note, suggesting a positive sentiment among traders. However, upcoming economic data, global market cues, or other news events could impact the trend. Monitor developments closely to adjust your trading strategy accordingly.
Disclaimer:
I am Not SEBI Registered advisor. The information provided above is intended for educational purposes only and should not be considered as financial or investment advice. Trading in the stock market involves substantial risk, including the loss of your capital. Always perform your own research and consult with a certified financial advisor before making any trading decisions. Past performance is not indicative of future results.
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken,
you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263).
I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade.
Please Like, Share & Boost if you think this post was helpful to you
Thank you
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk.
For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level.
It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade?
*** Nifty is currently above neckline please wait for confirmation ***
#Nifty directions and levels for November 22nd.Good Morning, Friends! 🌞
Here are the market directions and levels for November 22nd.
Market Overview:
The global markets are showing moderately bullish sentiment (based on the Dow Jones only), while our local market has maintained a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gifty Nifty showing a positive 100 points.
> In the previous session, both Nifty and Bank Nifty experienced a significant fall. However, Bank Nifty had a solid pullback, making the structural setups for both indices different.
What about today?
Looking at Nifty's structure, there is consolidation after a long correction. Usually, this type of structure indicates a trend continuation. On the other hand, Bank Nifty had a solid pullback, suggesting further upward momentum. The gap-up indication from SGX Nifty supports this view.
Thus, both charts are showing different directions. My personal opinion is:
> if the market declines initially, it might decline further, but the momentum will be reduced.
> Conversely, if the market sustains the gap-up, then we can expect a rally continuation, but only if it has a solid candle structure
Let me explain this further with the charts.
Nifty: Current View
As per the structure If the market declines initially, we can expect a correction. However, the best confirmation would come if it breaks yesterday's low with consolidation or a solid candle structure. If this happens, the next target could be a minimum of 23082.
Alternate View:
The alternate scenario suggests that if the market sustains the gap-up and breaks the 38% Fibonacci level with a solid breakout structure, we can expect further pullback continuation with some consolidation. On the other hand, if it breaks the 38% level with gradual movements, it could consolidate between the 50% Fibonacci level and the previous low.
#nifty50 - 22th November!!NSE:NIFTY
Observe first, then understand, then implement 👍🏻
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.
Note SEBI Registere 🙏🏻
Nifty View 22 Nov Friday Nifty dropped as per our previous view shared yesterday. Now the possible scenerios are shown in chart
High probability is shown as red, price to move towards 23100-50 below yesterday low or rejection of price near 23500.
Above 23600 we will re count the waves and look for reversal.
Nifty Analysis for 21-22 Nov Based on elliott wave forecasting on hourly chart we are in either wave iv or v of y of wxy correction. Which gives two possible scenarios as given in chart
Green : we are wave iv with a and b completed and c can continue in future. Possible trade given in green box.
Red: we are wave iii of iv and go like red arrow, trade given in red box.
This is for educational purpose and not an advice/recommendation to buy or sell. Do your research before trading. Happy Trading.
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️
Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up.
My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%.
Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.
22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
Nifty Trading Levels for 21st November 2024Trading Strategy and Market Analysis
Current Price: 23,518
This analysis provides a clear trading strategy with multiple levels of support and resistance, helping traders make informed decisions. The following targets are based on technical analysis, assuming no significant market-impacting news.
Buy Strategy
Trigger Point: Enter a buy position above 23,590.
Targets:
Target 1: 23,750 – First level of profit booking, aligns with short-term resistance.
Target 2: 23,880 – Higher resistance zone, suitable for extended trades if momentum sustains.
Stop Loss: Place a stop loss around 23,500 to limit downside risk.
Sell Strategy
Trigger Point: Enter a sell position below 23,383.
Targets:
Target 1: 23,298 – Immediate downside support and potential bounce level.
Target 2: 23,200 – A significant support zone, indicating possible bearish strength.
Stop Loss: Place a stop loss around 23,450 to cap losses on unexpected reversals.
Detailed Support and Resistance Levels
Resistance Levels (Price levels likely to act as ceilings, limiting upward movement):
R1: 23,590 – Immediate resistance; crossing this could indicate bullish momentum.
R2: 23,750 – Strong short-term resistance and a likely profit booking zone.
R3: 23,880 – Major resistance zone; surpassing this level could signal a breakout rally.
Support Levels (Price levels likely to act as floors, limiting downward movement):
S1: 23,383 – Immediate support; breaking this could lead to further downside.
S2: 23,298 – Key short-term support level, potential for a bounce.
S3: 23,200 – Strong support zone; if breached, it could indicate significant bearish sentiment.
Market Outlook
Bullish Scenario: If the price breaks and sustains above 23,590, we may see a move toward higher targets, driven by positive market sentiment.
Bearish Scenario: A breakdown below 23,383 could indicate bearish strength, with the price potentially testing lower support levels.
Disclaimer
I am not SEBI Registered. This analysis is provided for informational and educational purposes only. Trading in financial markets involves substantial risks, including the risk of losing capital. Readers should perform their own due diligence or consult a financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information.
Note for Traders
Ensure that you:
Monitor Market Sentiment: Stay updated with news and economic events that might impact market movements.
Stick to Risk Management: Use appropriate position sizing and set stop losses to limit potential losses.
Use Indicators: Combine these levels with technical indicators like RSI, MACD, or Moving Averages for better confirmation.
Happy trading! 😊
Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy
Trading Plan:
Buy Above 23,625
Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle.
After confirmation, initiate a BUY position.
Target Levels:
Target 1: 23,700
Target 2: 23,750
Sell Below 23,350
Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle.
After confirmation, initiate a SELL position.
Target Levels:
Target 1: 23,298
Target 2: 23,100
Current Value:
Nifty Spot Index: 23,454
Support and Resistance Levels:
Supports:
23,298: Key level where buying interest might emerge.
23,100: Strong support zone that could hold in case of heavy selling pressure.
Resistances:
23,700: Initial hurdle for the upward move.
23,750: Major resistance level, likely to cap any strong bullish momentum.
Key Notes for Traders:
Use these levels as a reference for trading Nifty Futures and Options.
Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy.
Book Profits at regular intervals and use trailing stoploss.
Disclaimer:
I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
#nifty50 - 19TH 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.
Nifty moments for option trading 19/nov/2024Nifty moments for option trading 19/nov/2024
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Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view*
- Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective
- Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken
- *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range*
- Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range
- Update to old chart shared last week