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#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.
NSE:NIFTY
by Manickamtraders
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.
NSE:NIFTY
by Omahto
#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.
NSE:NIFTY
by Manickamtraders
Nifty Intraday Support & Resistance Levels for 12.12.2024On Wednesday, Nifty opened flat to positive, tested a low of 24583.85 and a high of 24691.75 during the session. It closed at 24641.80, gaining 31 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is positive, indicating a cautiously optimistic outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Critical Level: Nifty is facing resistance around 24700. If it fails to sustain above this level, a correction towards 24370 or lower can be expected.
NSE:NIFTY
by PriteshPal
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.
NSE:NIFTY
by Mambotrade
Technical Analysis of Nifty 50: Key Levels, Patterns, and BreakThe image appears to show a technical analysis chart of the Nifty 50 index, with indicators, support/resistance zones, and patterns marked on the chart. Here's an analysis: 1. **Key Levels**: - **Resistance (Seller's Zone)**: Around the 24,664.55 level. A breakout above this level might indicate further bullish activity, as stated in the chart. - **Support 1**: Near 24,498.75. This could serve as the immediate support level. - **Support 2**: Around 24,348.90, a stronger support area in case of a downward move. 2. **Chart Patterns**: - **Morning Star Pattern**: Highlighted near Support 1. This bullish reversal pattern indicates potential buying momentum. - **Price Action**: The market is consolidating between the Buyer’s and Seller’s zones. 3. **Indicators**: - **RSI (Relative Strength Index)**: Currently around 53.75, which is neutral. It's neither overbought (>70) nor oversold (<30), suggesting a balanced momentum. - **Volume**: Increased buying volume in the Buyer’s zone indicates significant interest at lower levels. 4. **Potential Scenarios**: - **Bullish Scenario**: If the price crosses the seller’s zone, marked at 24,664.55, it may lead to further upside as indicated in the chart. - **Bearish Scenario**: If the price breaks below Support 1 (24,498.75), it could test Support 2 (24,348.90). 5. **Strategy**: - Watch for a breakout above the Seller's zone with volume confirmation for long entries. - Look for price action signals around the Support 1 level for potential buying opportunities if the price retraces. Would you like a deeper analysis of any particular element?
NSE:NIFTY
by AnkurDasTrader
#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.
NSE:NIFTY
by Manickamtraders
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.
NSE:NIFTY
by tony_fx_sm
Nifty Trading Levels for 09th December 2024Nifty Trading Levels Buy Setup Entry: If the 15-minute candle closes above 24,730, place a buy order above the high of the candle. Targets: 24,850 24,950 25,030 Stop Loss: Below the low of the breakout candle. Sell Setup Entry: If the 15-minute candle closes below 24,570, place a sell order below the low of the candle. Target: 24,268 Stop Loss: Above the high of the breakdown candle. Disclaimer The above levels are shared for educational purposes only and should not be considered as financial advice. I am not a SEBI-registered analyst. Please consult a certified financial advisor or conduct your own analysis before making any trading decisions. Trading in the stock market involves risk; trade responsibly.
NSE:NIFTY
by ramkkyy
#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 ]
NSE:NIFTY
by thetradeforecast
1
JSWENERGYReasons to consider going long on JSWENERGY 1. Bullish Reversal Patterns: • The green candle on horizontal support could signify a potential reversal. 2. 200-Day Moving Average as Support: • The 200-day moving average is a key long-term support level. A bounce from this level often attracts institutional interest and signals strength in the stock. 3. Relative Strength vs. Nifty: • Positive relative strength suggests that JSWENERGY is outperforming the broader market, making it a strong candidate for an uptrend continuation. 4. Sector Support: • Nifty Energy index taking support on its horizontal support increases the likelihood of a sector-wide bounce, which could positively impact JSWENERGY. Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that: 1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup. 2. Entry on Retest / FVG / IFVG: • Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds. • Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point. • Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
NSE:JSWENERGYLong
by AryanDixit
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. 🙏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.
NSE:NIFTYLong
by Karanshah137
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame. A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade. The stock can show upward movement as below: 1) 1st Target is 20% from current level 2) 2nd Target is 30% from current level 3) 4th Target is 50% from current level . **All targets to be observed in Weekly time frame**
NSE:EMSLIMITEDLong
by umangkrmahato
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.
NSE:NIFTY
by tony_fx_sm
#Nifty directions and levels for December 6th.Good morning, friends! 🌞 Here are the market directions and levels for December 6th. Market Overview: 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-up start, as the Gift Nifty is showing a positive 30 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty had significant movements but ended positively. What about today? Currently, we are in a positive bias; therefore, if this continues, we can expect a diagonal pattern, which means the market may go up, but not in a straight line. On the other hand, if the market starts negatively, the previous day's range will likely continue. This is the basic structure, which I will explain in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: The current view suggests that if the market experiences an initial pullback, it could reject each and every resistance level, indicating that it may form a diagonal pattern. This is a time adjustment and distribution pattern; therefore, once the pattern breaks below the trend line, we can expect a reversal. This is the basic structure. Alternate View: The alternate view suggests that if the market initially declines, it could reach a minimum of 24,481 to 24,416, which is a major support level. Until this support is broken, the market will maintain a bullish bias. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
1