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Niftytradesetup

8th Nov 2024 - PostMortem on Nifty - stance slightly bearishNifty Stance Bearish ️⬇️ The report we sent out last week had a full bearish stance, but this week we have reduced the intensity of the bearishness. The new stance is upgraded from bearish to slightly bearish. The rationale is that the momentum needs to really build up for further downfall. 23854 is the magic number below which we will intensify our level of shorts. For the expiry 14th Nov, the position taken by me is Max profit will be at 24200 level and max loss will be above 24394 and this is exactly the stop loss for the bearish level. If the market closes above 24394 on any specific day, we will change the stance from slightly bearish to neutral. The price action on Monday 4th of Nov was beautiful, but we did not break the 23854 conclusively. The counter reaction on 5th was symmetrically powerful, we almost broke out of 24460 upper range. 6th of Nov was flavorless less and on 7th we fell badly again. The trading on 8th was decent but the last 50 minutes or so belonged to the Bears. On a weekly basis, Nifty is up just 10pts. I had promised last week that I would push the publication date to Thursdays coinciding with the expiries. Let me try and keep my word from the 14th of Nov as it coincides with Children's Day :)
NSE:NIFTYShort
by viswaram
Nifty Trade Setup & Commentary - Nifty is currently trading at 24,148 - Nifty overall structure is at a very crucial point where we have a make or break structure - Important zone and area to watch for bulls will be 23,813 and if this gets breached or if we see a weekly closing below this I expect Nifty to free fall till 23,200 and then 21,285 - Nifty Demand and POI Zones: 21,285 and 23,200 - Nifty Supply Zones: 25,200 - If Nifty goes upto 25,200 and shows a relief rally dont consider or assume the bull run is back because we need to flip that zone and wait for nifty to make a weekly close above 25,200 if order to turn bullish again
NSE:NIFTYShort
by VKtradesimbalance
2
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024 Bullish-Above 24280 Invalid-Below 24230 T- 24500+ Bearish- Below 24050 Invalid-Above 24100 T- 23775 NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+. For selling we need a 15 Min candle close below 24050. T- 23775. 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 Week AheadNSE:NIFTY Marked Major Support and Resistance for Nifty Week Ahead. Currently Trading Between 50 and 200 DEMA, with a P/E of 22.30 down 8.10% from ATH. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:NIFTYShort
by Karanshah137
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY #NIFTYBANK ⚡ Observe, 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. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
#NIFTY50 - 7TH 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 🙏🏻
NSE:NIFTYShort
by thetradeforecast
15
NIFTY Intraday Trade Setup For 8 Nov 2024NIFTY Intraday Trade Setup For 8 Nov 2024 Sell_1- From 24400 Invalid- 24450 T- 24250 Sell_2- Below 24170 Invalid- Above 24220 T- 23945 NIFTY has closed closed on a bearish note with 1.16% cut today. Index was bearish since opening and later sell triggered below 24280 and gave 100 points. Index has entered into bearish sentiment once again. No bullish view till we get bullish price structure in daily TF. Tomorrow we will still maintain bearish stance, sell on rise approach. 24400 will be resistance for the day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 24170 then we will short for the target of 23944. We will short in case of pullback towards 24400 zone. T- 24240. 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
APAR INDUSTRIES LTD#APARINDS Current Trend: Uptrend since August, but showing recent weakness with slight downward movement. Support Level: Around 9,300 INR. Watch for signs of holding at this level for potential reversal. Resistance Level: Near 10,000 INR, where selling pressure has occurred previously. Volume: Recent candles show lower volume, indicating market indecisiveness or weak downward movement. Short-Term Buy Recommendation: Entry Range: 9,350-9,400 INR, if the stock stabilizes or shows bullish signals. Target: Short-term potential up to 9,800-10,000 INR. Likely Price Movement: If the stock holds above 9,300 INR, it may rebound towards 10,000 INR. If it breaks below 9,300 INR with high volume, further downside is possible.
NSE:APARINDSLong
by SkyTradingZone
Nifty Trade Analysis for 7th November 2024Nifty Trade Analysis As of the current price of Nifty at 24,485, here are the potential trading opportunities for both buying and selling based on our target levels: Buy Setup Buy Above: 24,540 Targets: 24,610, 24,690, 24,890 Rationale: If Nifty surpasses 24,540, it could indicate bullish momentum, with a potential rally toward the first target of 24,610. Further upward movement could drive it towards the subsequent targets, indicating strong buying interest. Sell Setup Sell Below: 24,200 Targets: 24,090, 23,950, 23,830 Rationale: If Nifty falls below 24,200, it may signal bearish sentiment, with potential declines to the first target of 24,090. Continuing downside could lead to additional target levels, suggesting a more pronounced downward trend. Disclaimer: I am not SEBI registered. This analysis is for informational purposes only and should not be taken as financial advice. Please conduct your own research or consult a professional before making any trading decisions. Trading in financial markets involves substantial risk, and past performance is not indicative of future results.
NSE:NIFTY
by ramkkyy
#nifty directions and levels for November 7th.Good morning, friends! 🌞 Here are the market directions and levels for November 7th. Market Overview: The global market is showing a super bullish sentiment, while our local market has a moderately bullish sentiment. Today, the market may open with a negative start based on the Gifty Nifty, which is showing a decline of 100 points. In the previous session, both Nifty and Bank Nifty maintained a bullish bias. However, today, the Gifty Nifty is indicating a negative start, so what’s next? Experts are saying (for Indian market) that due to the new US president, the market may experience a minor correction. However, technically we want some additional confirmation. As of now, we do not have that confirmation, so we are still in a moderately bullish bias. Let’s explain this in the charts. Structurally, both Nifty and Bank Nifty share the same sentiment. Current View: The current view indicates that if the market opens with a gap down, it may reach the 38% level on the downside. Structurally, it won’t go beyond that level. If the market finds support there, then the rally will continue with some consolidation. This is our first variation. Alternate View: The alternate view is similar to the current view. If the initial market experiences a sharp pullback, then the rally is likely to continue. This is our alternate view. Note: Here, the notable point is that if the market sustains the gap down and breaks the 38% Fibonacci level on the downside, it may turn into a ranging market. However, if we look at it from an aerial view, there is a downtrend.
NSE:NIFTY
by Manickamtraders
1
NIFTY50: INSTITUTIONAL LEVELS FOR 07/11/2024 NSE:NIFTY QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
NIFTY Intraday Trade Setup For 7 Nov 2024NIFTY Intraday Trade Setup For 7 Nov 2024 Bullish-Above 24550 Invalid-Below 24500 T- 24800 25050 Bearish-Below 24280 Invalid-Above 24330 T- 24020 NIFTY has closed on a bold bullish note with 1.12% gain today. It has almost touched 23700 zone, made a low of 23816.15 on 4 Nov. So our swing sell target was met. It has closed above PDH so bearish sentiment is void now chance of a halt or bullish reversal is on cards. 24550 and 24280 are intra levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24550 then we will long for the target of 24800 and 25050. For selling we need a 15 Min candle close below 24280. T- 24022. 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 November 6th."Structurally, we won’t expect more than a 38% correction, so once the market finds support there, we can expect further continuation of the rally with some consolidation. You can apply this same sentiment even if the market consolidates in today’s range. If that happens, the market may go up further. On the other hand, if it breaks the 38% Fibonacci level on the downside, we can consider that the target for the range market should be 50% and 78% on the downside."
NSE:NIFTY
by Manickamtraders
NIFTY Intraday Trade Setup For 5 Nov 2024NIFTY Intraday Trade Setup For 5 Nov 2024 Sell_1-From 24175 Invalid-Above 24225 T- 23950 Sell_2- Below 23800 Invalid-Above 23850 T- 23570 NIFTY has closed on a bearish note with 1.27% cut today. Index was just trendy after triggering short as per trade setup. Also index is approaching our position short target - 23700 zone. We have been riding short from 24850 zone which was updated on 17 Oct. We will keep riding this until our trailing sl is hit. If a daily candle closes above PDH then we exit and there will be chance of sentiment change. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 23800 then we will short for the target of 23570. We will also short from 24175 in case tested in the 1st hour. T- 23950 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
1
Nifty Crash Update & Reasons Behind Indian Markets Crashing - Nifty is currently trading at 23,964 - This chart is inverted to understand the bearish bias on a larger timeframe - Nifty has already topped out, IMO and we will only see Nifty retracing larger and pumping small - Nifty's point of release was from the zone of 25,214 and the market structure shift to bearish was around 24,753 - We can soon see a pullback towards the upside raiding and grabbing more liquidity and falling further down - I find Bank Nifty to be strong when compared to Nifty - Reasons Behind Indian Indices and Nifty Falling 1) FPI Outflows: Heavy Selling by foreign investors reallocating funds to other emerging markets like China, has reduced liquidity and intensified selling pressure. 2) SEBI Derivatives Regulation 3) Market Downgrade 4) Rising Crude Oil Prices 5) Technical Weakness
NSE:NIFTYShort
by VKtradesimbalance
Nifty Intraday Levels | 4-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 #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
Nifty directions and levels for November 4th.Good morning, friends! 🌞 Here are the market directions and levels for November 4th. Market Overview: In the short term, both global and local markets are showing moderately bearish sentiment. However, today the Nifty is indicating a neutral start. In the previous session, both Nifty and Bank Nifty closed with slight positive gains due to the Muhurat trading. However, the overall structure suggests that there is a clear range-bound market. Therefore, the market may continue to trade within this range today. We can analyze this further by looking at the charts. Nifty Bullish View: From a bullish perspective, if the market experiences a pullback initially, we can expect a continuation of that pullback, reaching a minimum of 78% of the previous high. This is a usual target for range-bound markets. Additionally, if the market consolidates around the 78% level, the breakout continuation could be significant. Nifty Bearish View: The bearish view suggests that if the market declines initially, it could reach a minimum of the minor demand zone or the Fibonacci level of 23% if it breaks below 24,214.
NSE:NIFTY
by Manickamtraders