Nifty Weak AheadNSE:NIFTY still looks neutral until 100 DSMA is breached.
Support and Resistance have been Marked.
Weak GDP numbers may have an impact next week.
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Niftytradesetup
#Nifty directions and levels for November 29th.Good morning, friends! 🌞 Here are the market directions and levels for November 29th.
Market Overview:
The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market shows a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gifty Nifty indicates a positive 20 points.
In the previous session, the market started with a positive bias, but this did not sustain, and it fell drastically. If we consider yesterday's structure, there is bearish pressure. However, the overall structure suggests that we might see a time adjustment movement, meaning we can expect a minor pullback and some consolidation today. I will explain this in the chart.
Both Nifty and Bank Nifty are showing similar structural sentiment.
Current View:
The current view indicates that if the market starts neutral or if the initial market takes a pullback, we can expect a minimum pullback of 38% to 50%. Structurally, it could reject there. If that happens, we can expect some consolidation between the previous low and the pullback high. This is the basic structure,
> but the notable point is the 38% Fibonacci level. the 38% Fibonacci level is critical because sharp corrections typically struggle to decisively break this level. Therefore, if the market pulls back but then breaks the previous low without breaching the 38% Fibonacci level, the correction is likely to continue, making this a key area to watch.
Alternate View:
The alternate view suggests that if the initial market declines and breaks the previous low, the correction will likely continue to the level of the minor demand zone, which is a support level. However, if it consolidates around there, the correction is likely to continue.
NIFTY50: INSTITUTIONAL LEVELS FOR 29/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NIFTY Intraday Trade Setup For 29 Nov 2024NIFTY Intraday Trade Setup For 29 Nov 2024
Sell_1_From 24160
Invalid-Above 24210
T- 23950
Bearish-Below 23840
Invalid-Above 23890
T- 23570
NIFTY has closed on a bearish note with 1.49% cut today. Yesterday we discussed that we need last 3 days range breakout in order to get a directional move. Range broke downside and sell triggered below 24120 and hit first target very smoothly. Tomorrow in case of a pullback towards 24160 we will short from golden fib zone.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 23840 then we will short for the target of 23570.
In case of pullback we will short from 24160. T- 23570.
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.
How can we trade NIFTY for coming week? Have a look at this.Nifty has formed a Descending Channel and given a good breakout. People usually have Buy setup after breakout but in this scenario we have a LH on 4hrs Time frame that needs to be broken for any Bullish bias. Nifty is still bearish. For upcoming days , our plan of action would be PATIENCE.
We would like to wait for a good MSS and retracement and then we will plan for any Buy setup. Waiting would be a good option because we are approaching weekend.
If not then, we do have a Bearish setup where we can target the downside Higher time frame liquidity.
Trade safe and responsibly. This is for educational purpose only.
Nifty Retrace 38% and at support 15 min EMA 200Hello Everyone,
Nifty from low of 23350 made swing high of near 24350 now at support of EMA200 in 15 mins time fram also gap is almost filled RSI adjusted and fibbonacci retrace 38% if previous trends is going to continue then upside possible from here.
#Nifty directions and levels for November 28th.Good morning, friends! 🌞 Here are the market directions and levels for November 28th.
Market Overview:
The global markets are maintaining a bullish sentiment (based on the Dow Jones only), and our local market is also exhibiting a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 30 points.
"There were no significant changes in the previous session. Both Nifty and Bank Nifty remained in consolidation yesterday as well."
What about today?
We are still within a range, so until we break out of this range, we shouldn't expect a significant move. However, some bullish patterns are forming, such as the flag pattern, cup and handle, and a triangle breakout structure. These indicate that if the market breaks the range, it could lead to a solid movement. Conversely, on the downside, flat patterns are forming, suggesting that if the market declines, we can expect further range continuation. Let’s explain this on the chart.
Both Nifty and Bank Nifty are showing similar structural sentiment.
Current View:
The current view suggests that if the market declines, we can consider it a flat pattern, which means the range market will likely continue. Usually, flat patterns indicate a time correction, so even if the market declines, we can expect a pullback around the demand zone. This is our first variation.
Alternate View:
The alternate view suggests that a bullish cup and handle pattern is forming. If the market breaks above the top of the range, we can expect a rally continuation. However, we should note the breakout structure: if it breaks the range with a solid candle, we can expect a rally with some minor consolidation. On the other hand, if it breaks the range gradually, it may not rise significantly.
NIFTY50: INSTITUTIONAL LEVELS FOR 28/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Tata Motors breakout from parallel channel looking goodTata motors breakout from parallel channel
and also nifty50 looking good now i think from now short covering is coming
to near upside levels marked on chart
breakout and sustaining out side of channel
anybody can clearly see the break off structure in 15 Min chart
but be cautious with strict SL
:- do your own research before investing and this is not a buy/sell call
am not a sebi registered
#Nifty directions and levels for November 27th.Good morning, friends! 🌞 Here are the market directions and levels for November 27th.
Market Overview:
The global markets are showing bullish sentiment (based on the Dow Jones only), and our local market has maintained a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 40 points.
There have been no significant changes in the last session. In the previous session, both Nifty and Bank Nifty consolidated after the decline.
What about today?
If you look at the Nifty structure, there is consolidation after the long rally. Structurally, it may continue further until it breaks the consolidation range. If it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let's look at it on the chart.
Nifty Current View:
Even if the market opens with a gap-up, it could decline initially. If this happens, the range market will continue between the previous high and the demand zone. In this case, if it breaks the demand solidly, then 24006 will act as strong support.
Alternate View:
The alternate scenario suggests that if the market sustains the gap-up and breaks the 24303 level, we can expect further pullback continuation to the 38% Fibonacci level. This is a major resistance. After the rally, if it rejects there, we can expect a minimum correction of 23% to 38% in the minor swing. On the other hand, if it sustains or breaks this level(38%), then the rally will likely continue.
Nifty Intraday Levels | 26-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
#Nifty directions and levels for November 26th.Good morning, friends. Sorry for the delay.
Structurally, there is a bullish market; however, the momentum is currently decreasing.
> What does this indicate? It suggests a slight consolidation between the immediate resistance and the downside demand zone. A solid rally will occur only if it breaks the immediate resistance with a potential breakout; otherwise, it won't rise significantly.
NIFTY50: INSTITUTIONAL LEVELS FOR 26/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
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
#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
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.
Please Like, Share & Boost if you think this post was helpful to you
Thank you
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.
📌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.