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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.
NSE:NIFTY
by ramkkyy
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTY
by finnova_
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.
NSE:NIFTY
by tony_fx_sm
#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.
NSE:NIFTY
by Manickamtraders
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.
NSE:NIFTY
by Omahto
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.
NSE:NIFTYLong
by GoodluckCapital
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
NSE:NIFTYLong
by finnova_
2
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.
NSE:NIFTY
by tony_fx_sm
1
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.
NSE:NIFTY
by finnova_
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.
NSE:NIFTY
by viswaram
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.
NSE:NIFTY
by Stable_Logic
1
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.
NSE:NIFTYLong
by thejatin
NIFTY Prediction for Next YearHello Guys, Do not Panic. This is a NIFTY chart prediction for next year. Hope I am proven wrong. BUT: Fundamental investing: This analysis is considering the wars, inflation, interest rates, dollar-rupee, lending, fmcg slow down. Multiple interlocked factors contributing to slow progress for the next year. Technical investing: Based on technical Patterns there is gap up that has not been filled at 20500 level. And as per history, we all know what happens to gap ups. Also I have analyzed multiple year rally-consolidation-fall-rally to come up with this. Emotional investing: I expect to see a lot of people panic, book losses and hold red stocks. This will reduce the investment emotion built over a couple of years. What's the way around: Individual stock investing in the top 200 companies. Find picks that you understand.
NSE:NIFTYLong
by Joker0805
NIFTY Intraday Trade Setup For 12 Dec 2024NIFTY Intraday Trade Setup For 12 Dec 2024 Buy- Above 24700 Invalid-Below 24650 T- 24850 Bearish-Below 24490 Invalid-Above 24540 T- 24250 NIFTY has closed almost on a flat note with 0.13% gain today. We discussed in the weekend that index will be sideways between 24850 and 24500. Its been three sessions and index is just consolidating between this range. For any directional move we need breakout of this range or else we will still maintain non- directional approach. However 24700 and 24490 can be tomorrow's levels to watch out. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24700 then we will long for the target of 24850. For selling we need a 15 Min candle close below 24490. T- 24250. 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 directions and levels for December 11th.Good morning, friends! 🌞 Here are the market directions and levels for December 11th. Market Overview: There have been no significant changes in the global and local markets, and both are maintaining a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty maintained a range-bound structure, and we are still in a range-bound market. Until we break this range, we can't expect any directional movement; this is the basic structure. So, what about today? If the channel breaks either to the upside or downside, we can set our targets near the support and resistance levels. explain this in the chart. Nifty Current View: The current view indicates that if the market initially declines, it could reach the channel bottom. After that, if the channel breaks to the downside, you can expect the next targets to be between 24416 and the minor demand zone. Here, the minor demand zone will act as strong support. Alternate View: The alternate view suggests that if the market initially pulls back and breaks the channel to the upside, it could reach 24725 and 24780. The level of 24780 represents the 78% retracement in the minor swing, and usually, the range-bound market respects this level as resistance.
NSE:NIFTY
by Manickamtraders
Nifty analysis for 11/12/2024. Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market. Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend. The moving averages on the hourly charts are near to the trading price and it can move either way. Major support levels :- 24500, 24330, 24170 Resistance levels :- 246660, 24770 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Technical Analysis of Nifty 50: Key Levels, Patterns, and BreakThe image appears to show a technical analysis chart of the Nifty 50 index, with indicators, support/resistance zones, and patterns marked on the chart. Here's an analysis: 1. **Key Levels**: - **Resistance (Seller's Zone)**: Around the 24,664.55 level. A breakout above this level might indicate further bullish activity, as stated in the chart. - **Support 1**: Near 24,498.75. This could serve as the immediate support level. - **Support 2**: Around 24,348.90, a stronger support area in case of a downward move. 2. **Chart Patterns**: - **Morning Star Pattern**: Highlighted near Support 1. This bullish reversal pattern indicates potential buying momentum. - **Price Action**: The market is consolidating between the Buyer’s and Seller’s zones. 3. **Indicators**: - **RSI (Relative Strength Index)**: Currently around 53.75, which is neutral. It's neither overbought (>70) nor oversold (<30), suggesting a balanced momentum. - **Volume**: Increased buying volume in the Buyer’s zone indicates significant interest at lower levels. 4. **Potential Scenarios**: - **Bullish Scenario**: If the price crosses the seller’s zone, marked at 24,664.55, it may lead to further upside as indicated in the chart. - **Bearish Scenario**: If the price breaks below Support 1 (24,498.75), it could test Support 2 (24,348.90). 5. **Strategy**: - Watch for a breakout above the Seller's zone with volume confirmation for long entries. - Look for price action signals around the Support 1 level for potential buying opportunities if the price retraces. Would you like a deeper analysis of any particular element?
NSE:NIFTY
by AnkurDasTrader