Nifty Intraday Levels | 29-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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Where the Nifty 50 index might head in the next few days?Technical Analysis: The chart indicates that Nifty is currently near the 25,000 mark, with key Fibonacci retracement levels acting as resistance and support zones. A notable resistance is at the 0.382 level around 25,277, while the 0.618 level near 25,653 might be another hurdle if the index manages a short-term rally. Given the recent bearish momentum, a further drop could test the 24,900 level, especially if the index fails to break above the 25,277 resistance.
Outlook: Given the technical setup and the current FII-DII dynamics, the Nifty could remain under pressure if FII selling continues. Traders should watch the support at 24,900 closely, as a break below this level could signal further downside. Conversely, if the Nifty can hold above 25,000 and gain momentum past 25,277, it may target the 25,653 level as the next resistance.
The outlook is cautious, with a bias towards a bearish trend unless there's a reversal in FII sentiment or a strong technical breakout above key resistance levels
Nifty 50 Reversal: Critical Levels and Sign of a Possible ReboudThe Nifty 50 index has been showing signs of weakness recently, as indicated by the red candle formations and the current price trending below crucial Fibonacci retracement levels. As of today, Nifty has been testing the support zones near the 0.618 Fibonacci level (24,402.75), which could serve as a pivot for a potential reversal. Let's dive into the factors suggesting a possible market bounce from here.
Technical Overview
1. Fibonacci Retracement Levels:
The price has pulled back from the recent highs around 26,272.50 and is hovering near the 0.618 retracement level at 24,402.75. A break below this level could lead the index toward the next key level at 23,893.70, the 100% retracement mark.
On the upside, if the price manages to hold the 0.618 level, the next resistance would be the 0.5 level at 25,083.10.
2. Moving Averages:
The 200-day moving average is still trending upward, signaling long-term bullish momentum. However, the 50-day moving average is flattening, indicating indecision in the medium term.
The current price is hovering between the 50-day and 200-day moving averages, suggesting that the upcoming price action could be critical in determining the next major move.
3. MACD Analysis:
The MACD histogram has turned negative, and the MACD line is crossing below the signal line. This is typically a bearish signal, but it’s worth noting that we are nearing oversold conditions, and a bullish crossover could be on the horizon if buyers step in at these key support levels.
4. RSI Divergence:
The RSI is currently around the 36.77 level, nearing oversold territory. Historically, RSI readings below 40 in this range have often preceded significant rebounds in Nifty 50.
Watch for bullish divergence as the RSI nears this key level, as it may indicate that downward momentum is weakening and that buyers could soon gain control.
Institutional Flows
Recent data suggests that Foreign Institutional Investors (FIIs) have been net sellers of Indian equities, particularly with large sell-offs in the cash segment amounting to ₹-8,293.41 crores on October 7, 2024. However, Domestic Institutional Investors (DIIs) have stepped in with a net purchase of ₹13,245.12 crores. This balance between FII selling and DII buying has helped stabilize the market, but FII futures purchases have added some positive momentum.
Key Takeaways:
Support Zone: The 0.618 Fibonacci retracement level (24,402.75) is a critical support. A strong bounce from this zone could lead to a reversal.
Indicators: Oversold RSI levels suggest that the selling momentum is overextended, and we could see a shift in market sentiment.
Institutional Activity: DII buying is providing much-needed support to the market, and FII futures activity shows some signs of optimism.
Conclusion:
Traders should watch for signs of a reversal, especially if the price holds above the 24,400 zone. Confirmation will come from a break above the 25,083 level, which would signify a change in short-term trend dynamics. A failure to hold current levels, however, could lead the index to test the 23,893 mark.
Nifty Intraday Levels | 17-SEP-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
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Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275.
Immediate Resistance: 25,415
Nifty Day’s Support: 25,311 to 25,275
Nifty Day’s Resistance: 25,502 to 25,535
Disclaimer:
This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
Nifty for the week starting 02 Sep 2024Nifty has been consolidating for last 7 trading hours. Any break below or above it will be the direction of the trend for Monday 2nd sep 2024.
In the daily chart Nifty had formed a doji.
Break above 25270 will ignite a new rally.
Break below 25190 will bring nifty level to 25000. A decisive break below 25000 will bring a correction.
Nifty Intraday Levels | 30-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty Intraday Levels | 27-AUG-2024#Optionbuyers
#Niftyoptionscalping
1️⃣ Zones you always Like:-
👉Green zone- Institutional support
👉Red zone - Institutional resistance
👉Gap between institutional zones is always of 100 points
👉Zone is created with the help of pivot points and Fibonacci
👉Advance version of price action
👉Trades based on Nifty future chart
2️⃣ Trade Execution:-
👉Trade based on order flow data
👉Timeframe - 1 min and 5 min
👉Risk Reward Ratio always 1:2
👉Strike price always ATM & slightly ITM
👉Maintain Position sizing according to your own method
3️⃣ House Rules in trading:-
👉Sharp at 9:15 AM
👉Priority to risk management
👉Fast execution (morning breakfast)
👉Stop-loss 10 points (strictly)
#ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌
🙏FOLLOW for more !
👍LIKE if useful !
✍️COMMENT Below your view !
Nifty 50 Analysis & Prediction for Monday 5 Aug 2024Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
Nifty is creating a retracement in a buying trend so
Condition 1- if Market opens and test it's previous resistance and holds that level then I am expecting upmove
Condition 2- If Market opens and retrace little more then also Price can bounce after creating support.
Market can create other conditions also So wait and observe properly.
Nifty50 Support And Resistance 30-July-24
Please find below simple resistance and support
This is only for education purpose. Do your own research before investing or trading.
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We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
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Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
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#NIFTY Intraday Support and Resistance Levels -18/07/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 24630 level and then possible upside rally up to 24750 level in today's session. in case nifty trades below 24580 level then the downside target can go up to the 24460 level.
#RELIANCE BREAKDOWN 15/07/2024RELIANCE as we expected. still intact on the upside view of a continuous bullish uptrend rally. there are vari some break even point target levels at 3210,3250 or 3300 may be touching the highest level before The Union Budget on 22 July 2024. Be aware of the market crash, And trade with risk 1:2,1:3,1:4,5,6........ profit always be on your side.
#NIFTY levels and clear POV. 09/07/2024NIFTY have a strong support level at 24200, there is reversal point level at 24300-24320 the market test breakpoints and liquefy the premium because of Sideways. if this will sustain or break the 24350 resistance there is a chance to see good bullish rally. if there is a dip near to 24200 higher chance to bullish move.
Intraday Trade Setup For Nifty 1st JulyTime 7:56 AM 1st July 2024
Reasons for Shorting Nifty today:
1. Wave Analysis - Shorting based on wave counting
2. Ichimoku - Given a sell signal in 15min TF
3. Broke Support Trendlines
4. Risk to Reward in great
5. MACD bearish divergence in 1hr TF
Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge)
We wait for the entry if it doesn't trigger then we avoid the trade.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB.
A strong displacement to the upside creating a OB in the W timeframe - unmitigated.
Gap at the top acting as a magnet for price to move into.
Very clean CoCH and BOS giving confirmation of the move up into higher levels.
A great entry be entry in the GOLDEN level of price retracement - 60% fibs
Levels are in confluence with the W +OB.
Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
Nifty on Radar - 23 MayFor the next potential level I use Fibonacci Extension.
So, the next Important Level to consider is 23274.55
Also the expansion in both bands is equally distributed, this indicates the uptrend will continue.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.