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Niftytrend

Can NIFTY Regain Its Balance or Will It Plummet Further?Timeframe: 4h After reaching a peak of 26,277 , the NSE NIFTY has begun to decline within a downward parallel channel. The Elliott wave structure can be identified as (W) – (X) – (Y) , where wave (X) peaked at 24,867 , followed by a downward movement for the final wave (Y). The price has fallen below the 20 , 50 , 100 , and 200 EMA levels, with an ATR of 166.36 . The correction has several key levels to consider: At 100% retracement of wave (W) at 21,962 At 100% retracement of wave (a) at 22,827 At the lower boundary of the corrective channel Bearish sentiment is currently stronger than buyer demand. A reversal may occur either after a breakout from the parallel channel or at the lower boundary of the channel. This is possible as long as the swing low of 21,283 remains intact. We will update further information soon.
NSE:NIFTY
by forextidings
1
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle. * Targets will be another level marked on chart * Stop Loss will be Low/High of that Breaking Candle. * Trail your SL with every candle. * Avoid Big Candles as SL will be high then. * This is one of the Best Risk Reward Setup. For Educational purpose only
NSE:NIFTY
by StocksOptionBlaster
NIFTY Intraday Trade Setup For 17 Jan 2024NIFTY Intraday Trade Setup For 17 Jan 2024 Bullish-Above 23450 Invalid-Below 23400 T- 23600+ Bearish-Below 23270 Invalid-Above 23320 T- 23080 NIFTY has closed with 0.42% gain today. It opened with a big gap but could not sustain that and ended on intraday decline. Tomorrow 23450 will be important level for bullish move, we need a pullback breakout setup to consider this. Plain vanilla short below 23250 after flat opening. Coming to Friday's trade setup, of index opens flat and a 15 Min candle closes above 23450 then we will long for the target of 23600. For selling we need a 15 Min candle close below 23270. T- 23080. 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 outlook for the yearNifty chart analysis for coming few months : 1. Overall trend still remains bullish but deep pullback now similar to 2021 ( marked in circle ) . 2. Market might come down to next support 22,500 - 22,600 at breakout point of election result day . 3. Weekly chart shows market respecting swing lows since 2020 . Last swing low is 21,200 . As long as market doesn't break swing low , current trend is bullish . 4. Decent price for long term investment and SIPs Cheers ! Follow for more market insights ! =)
NSE:NIFTY
by piyushrawtani
5
Nifty Trading Strategy 16th January 2025Nifty Trading Strategy Buy Strategy: Entry Point: Condition: Wait for the 15-minute candle to close above 23,300. Trigger: Buy when the price moves above the high of the candle that closed above 23,300. Targets: First Target: 23,360 Second Target: 23,410 Third Target: 23,445 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 23,300 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 23,360, another portion at 23,410, and the remaining position at 23,445. Sell Strategy: Entry Point: Condition: Wait for the 15-minute candle to close below 23,130. Trigger: Sell when the price moves below the low of the candle that closed below 23,130. Targets: First Target: 23,070 Second Target: 23,010 Third Target: 22,975 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 23,130 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 23,070, another portion at 23,010, and the remaining position at 22,975. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty Trading Strategy for 17th January 2025Nifty Trading Strategy Using 15-Minute Candlestick Buy Strategy: Entry Point: Condition: Wait for the 15-minute candle to close above 23,400. Trigger: Buy when the price moves above the high of the 15-minute candle that closed above 23,400. Targets: First Target: 23,440 Second Target: 23,490 Third Target: 23,525 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 23,400 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 23,440, another portion at 23,490, and the remaining position at 23,525. Sell Strategy: Entry Point: Condition: Wait for the 15-minute candle to close below 23,300. Trigger: Sell when the price moves below the low of the 15-minute candle that closed below 23,300. Targets: First Target: 23,260 Second Target: 23,220 Third Target: 22,175 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 23,300 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 23,260, another portion at 23,220, and the remaining position at 22,175. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: I am not SEBI registered. This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions. This detailed strategy provides comprehensive guidelines for trading Nifty with clear entry and exit points, stop-loss orders, trailing stop-losses, and defined targets based on the 15-minute candlestick chart.
NSE:NIFTY
by ramkkyy
Nifty Intraday Support & Resistance Levels for 17.01.2025On Thursday, Nifty opened with a huge gap-up at 23,377.25, briefly making a high of 23,391.65, nearly touching the 30m Supply Zone. However, it failed to sustain the gains, dropping to a low of 23,272.05 before closing at 23,311.80, gaining 98 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook As anticipated, Nifty almost touched 23,400 but faced selling pressure at higher levels. Today’s session could be volatile, as heavyweights like Reliance and Infosys announced their quarterly results yesterday. At the time of writing, GIFT Nifty is trading 60 points lower, and Infosys ADR closed down by 5.78% overnight, suggesting a potential impact on the index.
NSE:NIFTY
by PriteshPalan
NIFTY 50 Trade Strategy for next few days.NIFTY Trade Strategy 💡📊: Bullish Scenario (Breakout) 📈🚀: If Nifty breaks above 23400 (R1), consider entering a long position with a target of 23500-23550 (R2). Place your stop-loss as per your Risk management. Bearish Scenario (Reversal) 📉⚡: If Nifty faces resistance at 23400 (R1) and begins to drop, look for short positions with a target around 23270 (S1) or 23150 (S2). Risk Management ⚖️: Always protect your capital with system stop-loss. Adjust your position size based on the volatility of the market and your risk tolerance. Happy Trading..!
NSE:NIFTY
by Monik7001
Nifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, Nifty opened gap-up at 23,250.45 and showed mixed movements throughout the session. After making an early low of 23,165.30, it rallied to a high of 23,293.65, briefly entering the 15m supply zone. However, it faced resistance and dropped to a session low of 23,146.45, before recovering to close at 23,213.20, gaining 37 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Outlook Nifty tested the 15m supply zone and dropped signaling selling pressure at higher levels. However, the 30m demand zone is holding steady, providing hope for recovery. If this support remains intact, Nifty could aim for 23,400 or even 23,500 in the coming sessions.
NSE:NIFTY
by PriteshPalan
Nifty weekly expiry analysis for 16/01/2025For last 2 trading session nifty is consolidating in a box, while banknifty is moving 400-500 points in intraday and tomorrow is it's weekly expiry. If the market starts trading outside the box, there is high probability of forming a trending day for the index. Market had respected the round number support of 23k. It can either retest the support or even breach the recent low to test the support trendline. Major levels (for intraday) Support :- 23135, 23000 Resistance :- 23285, 23380 Wait and watch the price action for confirming the direction and intensity of the move.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, as anticipated, Nifty opened gap-up, dipped to a low of 23,134.15, and rallied to a high of 23,264.95, narrowly missing the supply zone by 10 points. However, it retraced back to near its low and closed at 23,176.05, gaining 90 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Outlook If the 30m demand zone holds firm, Nifty may attempt to reach 23,400 or even 23,500 in the upcoming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 14.01.2025On Monday, Nifty opened with a gap-down, reaching a high of 23,340.95 before sliding to a low of 23,047.25. It broke the crucial support levels at 23,263 (previous low) and 23,189 (61.8% FIBO). Nifty ended the day at 23,085.95, down 345 points from the previous close. The Weekly Trend (50 SMA) remains sideways, and the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Outlook Nifty appears oversold on lower timeframes (15m, 60m, 75m), and a potential bounce could occur if it sustains above the 23,000 level. Watch for signs of recovery around current levels, but resistance at higher levels might limit the upside in the near term.
NSE:NIFTY
by PriteshPalan