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.
Niftytradesetup
#Nifty directions and levels for December 13th.Good morning, friends! 🌞 Here are the market directions and levels for December 13th.
Market Overview:
The global market is showing moderately bearish sentiment (based on the Dow Jones only), while our local market also exhibits a moderately bearish sentiment. Today, the market may open with a slightly gap-down start, as the Gift Nifty is showing a negative 90 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty closed in negative territory, and the Gift Nifty is also maintaining this sentiment, showing a 90-point negative start
What can we expect next?
> If we take note of the previous movements, we see a range-bound structure.
> However, my expectation is that if the market sustains the decline and consolidates, we can expect a continuation of the correction because the RSI is showing a bearish bias.
> The range will continue only if it pulls back from the initial movement and breaks the 38% Fibonacci level in the minor swing. If that happens, it will re-enter the range. This is the basic structure; let’s look at this in the charts.
Nifty Current View:
The current view suggests that if the market opens with a gap-down, it could reach a minimum of 24,416. After that, if it sustains or breaks the level of 24,416, then the correction will continue to the minor demand zone. Usually, both levels are major support in a range-bound market, so if it finds support there, we can expect a minimum bounce back of 23% to 38% in the minor swing. This is the basic structure.
Alternate View:
The alternate view suggests that if the market takes a solid pullback around the immediate support level and breaks the 38% level in the minor swing, it could re-enter the range-bound market, which means we can expect targets of a minimum of 78% to the channel top. This also indicates that until it breaks the 38% level, it could remain a bearish market.
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.
#Nifty directions and levels for December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th.
Market Overview:
There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to 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 first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today.
What About Today?
Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue.
It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
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.
NIFTY looks interesting. Ready for a Blast?-CnH in DTF.
-Candles are getting narrow.
A breakout from this small base can take it to 25k soon. On the other hand, a breakdown from this base can bring some weakness.
This is not a buy/sell recommendation. The chart shared is just for educational purposes.
#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.
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.
NIFTY PREDICTION - December Month based on Price ActionView : To be determined
Timeframe: Daily
Notes: The 24,500 range appears to be strong support, while the 24,800 range is expected to act as resistance. Three potential paths have been illustrated in different colors (Green (Bullish), Orange (sideways) and Red (Bearish).
* This is not a trading recommendation; for educational purposes only
#Nifty directions and levels for December 10th.Good morning, friends! 🌞 Here are the market directions and levels for December 10th.
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-up start, as the Gift Nifty is showing a positive 15 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty maintained a range-bound structure. What about today? We are still in a range-bound market; therefore, we will follow yesterday's levels and sentiments. Until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction.explain this in the chart.
Both Nifty and Bank Nifty have similar sentiments.
Nifty Current View:
The current view indicates that if the market initially pulls back, it could reach a minimum of 24,780, which is a strong resistance level. Until this zone is broken, the range market is likely to continue. However, if it breaks, we can expect the next targets to be 24,905 and 24,956.
Alternate View:
The alternate view suggests that if the market initially declines, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
#Nifty directions and levels for December 9th.Good morning, friends! 🌞 Here are the market directions and levels for December 9th.
Market Overview:
There have been no significant changes in the global and local markets. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market also exhibits a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 30 points at 8:00 AM.
In the previous session, due to the RBI policy, both Nifty and Bank Nifty experienced significant movements but ended with a range-bound structure. What about today? Currently, we are in a range-bound market; therefore, until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let’s explain this in the chart.
Both Nifty and Bank Nifty have similar sentiments.
Nifty Current View:
According to the Gift Nifty, we can expect a slightly gap-down start, but even if it opens with a gap-down or neutral, it may take an initial pullback. If this happens, then 24,780 will act as a strong resistance. We have already discussed that this is a range market, so if it breaks, we can expect levels between 24,905 and 24,956. On the other hand, if it doesn’t break this level, the range will likely continue.
Alternate View:
The alternate view suggests that if the gap-down sustains, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
NIFTY50: INSTITUTIONAL LEVELS FOR 09/12/2024Overview
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 Intraday Trade Setup For 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024
Bullish-Above 24860
Invalid-Below 24810
T- 25150
Bearish-Below 24490
Invalid-Above 24540
T- 24250
NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move.
Coming to Monday'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 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.
#nifty50 - 9th December!!NSE:NIFTY
Understand the chart, observe the chart, implement according to this :
1. Support and Resistance Zones:
- Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90).
- "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75 or 25,101.45).
2. Trendlines:
- The black diagonal lines are like train tracks guiding the price upward. As long as the price stays between these tracks, the upward journey is likely to continue.
3. Key Areas (Orange Zones):
- The orange areas are hotspots where buyers and sellers fight the hardest. If the price enters these zones, it might pause or reverse.
4. What’s Happening Now?:
- The price recently hit a high near 24,857.75 (a ceiling) and is now hanging around a lower level, testing its "safety net" around 24,648.10.
- It’s like climbing stairs—if the price breaks through the next step (resistance), it could climb higher. But if it slips below the safety net, it might fall to the next step down.
5. What’s Next?:
- If the price climbs above 24,857.75, we might see it reach new highs like 24,949.10 or even 25,101.45.
- But if it falls below the support, it might drop to the next level around 24,373.90 or lower.
In short, this chart tells a story of a market in an upward trend, but it’s at a critical point where the next move could be either up or down.
Not a SEBI Registere [/b ]
Nifty Week AheadNSE:NIFTY looks Bullish after 100 DSMA is breached.
Support and Resistance have been Marked.
📌Thank you for exploring my idea! I hope you found it valuable.
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👍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.
Choppy Moves Expected: Prepare for a Volatile WeekNifty and Bank Nifty have given a good strong closer.
It seems that both the indexes will take some halt before they start another up side journey!
Overall we should see choppiness and volatility in both indexes.
Traders kindly take care while trading.
NIFTY50: INSTITUTIONAL LEVELS FOR 06/12/2024Overview
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.