Niftytradesetup
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 View 25 Nov. Nifty has crossed 24700 and now temporarily bullish and in pullback.
Pullback is expected to go till 24200 in one leg then after slight reversal we can expected a bullish run of 500-1000 points.
Tomorrow bullish setup is given in green box of chart. Above 24080 we should touch 24200+
Bearish only below 24700 for 24500.
Disclaimer: The information disclosed here is for entertainment purposes only; it does not constitute investment advice. It cannot replace professional investment advice.
Is This Upward Move Built to Last?Strong closing in Nifty on Friday at 23900+ level.
We should see a strong gap up post Mahrashtra state elections results !
Expecting Nifty to give a gap up opening !!
We should see a gapup and a small sell off / profit booking post which Nifty should settle around 24100 level for any further upside move.
Nifty Resistance : 24200-24500.
More upside will be only above 24500.
Bank Nifty Resistance : 51400-51700-51990-52150.
Support : 51150-50700.
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.
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Nifty Weak AheadNSE:NIFTY gave a big green candle for possible signs of reversal but too early to comment as of now stay neutral with big election results coming in on Saturday currently respecting 200 DEMA and 50 WEMA a close below it will confirm a fake reversal. Wait and Watch.
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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.
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.
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 directions and levels for November 21stGood Morning, Friends! 🌞
Here are the market directions and levels for November 21st.
Market Overview:
There are no significant changes in the global market sentiment. The Dow Jones is showing a moderately bearish trend, and our local market is also indicating a bearish sentiment. Today, the market may open neutral to slightly gap-down, as Gift Nifty is showing a negative 40-point movement.
In the previous session, both Nifty and Bank Nifty experienced huge oscillations. Structurally, the market closed between minor swings, which makes it seem like a range-bound market.
What about today?
We are still in a minor downtrend. If the market opens with a gap-down, the same bearish direction may continue. On the other hand, if it takes a pullback initially, we might see some consolidation within the previous session's range. Let’s explain this further with charts.
Both Nifty and Bank Nifty are showing similar structural sentiment.
Nifty Current View:
The current view suggests that if the market declines initially, we can expect a minimum of 23,275 (MDZ) if it breaks the level of 23,399. Notably, if it reaches this level with gradual movement (MDZ), we can expect a minimum bounce back of 23% to 38%. On the other hand, if it reaches this level with a solid structure or consolidates around here, then the correction is likely to continue. This is our first variation.
Alternate View:
The alternate variation suggests that if the market pulls back initially, we can expect a range-bound market between the previous session's range. This means if it breaks 23,585, it will reach 23,713. After that, if it gets rejected there, it will close where it opened.
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 directions and levels for November 19th.Good morning, friends! 🌞 Here are the market directions and levels for November 19th.
Market Overview:
There are no significant changes happening. The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is also exhibiting a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Nifty is showing a positive increase of 50 points.
In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, we can expect a range-bound market today as well, with a bearish bias. This means that until the minor range is broken, the market will move within this range. If it breaks out, we can expect the next movement based on that. Let’s explain this with the charts.
Both Nifty and Bank Nifty have the same structural sentiment.
Nifty Current View:
The current view suggests that if the market declines initially, then 23,396 will act as support. If the market breaks this level, the correction will continue to a minimum of 23,322. On the other hand, if it doesn’t break this level (23,396), then it could consolidate within the channel. This is our first variation.
Alternate View:
The alternate variation suggests that if the market sustains the gap-up, then 23,583 will act as resistance. If the market consolidates or breaks this level, then the pullback will continue to the next resistance Fibonacci level of 38%. Conversely, if it doesn’t break or rejects this level, we can expect consolidation leading to a correction.
#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 directions and levels for November 18th.Good morning, friends! 🌞 Here are the market directions and levels for November 18th.
Market Overview:
There are no significant changes happening. The global market is showing a moderately bearish sentiment (based on the Dow Jones only), and our local market is also exhibiting bearish sentiment. Today, the market may open with a neutral to slightly gap-down start, with the Gifty Nifty showing a negative 80 points.
In the previous session, both Nifty and Bank Nifty moved in a consolidation pattern. Structurally, it remains a bearish trend, so if the gap-down sustains, we can expect the continuation of the correction. On the other hand, if it rejects around the immediate support level or opens with a gap-up, we can expect a minimum pullback of 23% to 38%. Let’s look at this in the charts.
Both Nifty and Bank Nifty have the same structural sentiment.
Nifty Current View:
The current view for Nifty indicates that if the initial market takes a pullback around the immediate support level (23,435), we can expect a minimum pullback of 23% to 38%. After that, if it rejects at either the 23% or 38% Fibonacci level, the correction will likely continue. However, if it sustains and breaks the 38% Fibonacci level, it could reach the 50% and 61% levels. If this happens, the upcoming session could turn into a range market.
Alternate View:
The alternate view suggests that if the market breaks the immediate support level (23,435) solidly or consolidates around the support level, the correction will likely continue to the level of 23,245.
Nifty Week AheadNSE:NIFTY entered successfully into the correction zone this week breaking 200 EMA.
Marked Major Support and Resistance for Nifty Week Ahead. 50 WEMA Will be Crucial.
Currently Trading Below 200 DEMA, with a P/E of 21.60 down 10.44% from ATH.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
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✍️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.
Nifty Trading Strategy for 14th November 2024Nifty Trading Strategy: Buy Above 23,710 / Sell Below 23,500
Current Price: 23,559
Key Levels:
Buy Signal: If the price closes above 23,710 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 23,500 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 23,559, just below the buy signal level.
It's important to monitor the price closely, especially around the 23,550 to 23,700 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 23,710 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,800 and 23,900.
Sell: If the price breaks below 23,500 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,400 and 23,300.
Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
#Nifty directions and levels for November 14th.Good morning, friends! 🌞 Here are the market directions and levels for November 14th.
Market Overview:
There are no significant changes from the previous session. The global markets are showing a moderately bearish sentiment (mainly based on the Dow Jones), and our local market also indicates a bearish trend. Today, the market may open neutral to slightly gap-down, as SGX Nifty is showing a negative move of 30 points.
In the previous session, the market continued its correction solidly. Structurally, today's correction is expected to continue if it breaks the previous bottom. Otherwise, it may consolidate between the previous bottom and the 38% Fibonacci level. A reversal could be anticipated only if it breaks either the 20-day EMA or the 38% Fibonacci level. Additionally, there are two sub-waves forming—a fourth consolidation wave and a fifth corrective wave—so today’s movement may reflect these structures. Let's illustrate this on the chart.
Nifty Current View:
> The current view of Nifty indicates that if the market undergoes minor consolidation or if it breaks the previous bottom solidly, then the correction is likely to continue toward the levels of 23435 to 23245.
> Notably, if the market corrects, it could be a minor fifth wave; thus, there is a possibility of forming a diagonal pattern. If it forms and subsequently breaks out of the pattern, we can consider that a minor reversal to the upside.
Alternate View:
> On the other hand, the alternate view suggests that if the market initially takes a pullback, we can expect a maximum pullback of 23% to 38%. After that, if it rejects either the 23% or 38% Fibonacci level, then the correction will likely continue.
> However, structurally, it could be a fourth sub-wave, so some consolidation could be possible between the previous low and the Fibonacci level of 38%.
> Notably, structurally, it won’t break the Fibonacci level of 38%; in case it does, we can consider that a minor bullish reversal.
#NIFTY - 14TH NOVEMBER NSE:NIFTY
#NIFTY ⚡
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