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Niftytrend

NIFTY: Next week will decide the next month's trend! ⚡️Price Analysis: 1️⃣ Nifty is testing a crucial support level. 2️⃣ Price structure is still bearish. 3️⃣ Trading below the descending trendline, suggesting continued weakness. 4️⃣ Price is near EMA dynamic support, need to react and bounce for buying strength to dominate. ✨ My Expectations: ➡️ Bounce from current support zone. ➡️ Break below 23,200 could trigger deeper correction towards 22,000 marked zone ➡️ For bullish strength need price to close above 24000. ➡️ Stay Cautious & Alert. Follow risk management discipline strictly. ➡️ WTF: Strong Bearish Candle on the weekly is not a good sign. ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 What's your view on current market structure? Share your thoughts below!✌️🔥 Happy Trading!✅🚀
NSE:NIFTY
by SuperNova396
Nifty Trading Strategy for 10th January 2025Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 23,660 Sell Below: The low of the 15-minute candle that closes below 23,490 Targets: Upside Targets: 23,710, 23,760, 23,808 Downside Targets: 23,450, 23,410, 23,350 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,660, aiming for targets of 23,710, 23,760, and 23,808. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,490, aiming for targets of 23,450, 23,410, and 23,350. Stoploss: Always 50 point stop from the entry price. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. 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 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 Support & Resistance Levels for 10.01.2025On Thursday, Nifty opened flat to negative, briefly touched a high of 23,689.50, and then dropped sharply to 23,503.05, entering the 30-minute demand zone. It eventually closed at 23,526.50, losing 162 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) has shifted to negative, signalling a growing bearish momentum. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 (tested) Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty’s intraday action reflects increased selling pressure, with a dip into a minor demand zone. A breakdown below 23,496 could accelerate the bearish momentum.
NSE:NIFTY
by PriteshPalan
#Nifty directions and levels for January 9th, Thursday:Good Morning, friends! 🌞 Here are the market directions and levels for January 9th, Thursday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-down start, as the Gift Nifty indicates a -40 point negative opening. In the previous session, both Nifty and Bank Nifty first half fell drastically, and the second half took a solid pullback. This structure and sentiment suggest an unclear direction for the current market, so we should approach this a little bit conservatively. Let’s look at the charts. Bullish View: The bullish view indicates that even if the market opens with a gap-down, it could take a minor pullback. If this happens, the immediate resistance could be the pullback target. However, until it breaks the immediate resistance 23761, the market could consolidate between 23761 and 23546. If it breaks the immediate resistance, we can expect pullback continuation. Bearish View: This is similar to the first one, meaning initially we can expect a range-bound market. If it breaks the bottom of the range, we can expect a continuation of the correction. This is today's basic structure.
NSE:NIFTY
by Manickamtraders
Nifty Hourly Projections | Elliott Wave | Levels Nifty is been complex correction and completed wave B/X at 24226 as we expected in last idea. Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio: 1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis. 2: bearish side can be risky if entered early, better to watch till it breaks 23496 then short for atleast 425.. need to observe near 425 since if it rare case of ending diagonal then it might reverse gain for short duration. Below 425 we will trail till 350-300 as final destination for this swing.
NSE:NIFTYLong
by IMStockwala
NIFTY Intraday Trade Setup For 9 Jan 2025NIFTY Intraday Trade Setup For 9 Jan 2025 Bullish- Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23490 Invalid-Above 23540 T- 23250 NIFTY has closed on a flat note today. It gave a 2 way move in intraday. Sell trade did not go in favor, sl was hit. It has formed a Pinbar candle in daily TF. Above its high there can be a short covering move. However 23800 is key level in hourly TF. 23490 is rejection candle's low so below this there can be panic selling once again. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23490. T- 23250. 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 analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
#Nifty directions and levels for January 8th, Wednesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 8th, Wednesday: Market Overview: The global market continues to maintain a moderately bearish sentiment (based on the Dow Jones), and our local market is reflecting a similar outlook. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a 20-point positive opening. In the last session, Nifty and Bank Nifty opened with a gap-up but didn’t rally much. Based on the wave structure, the market seems to be in the 4th consolidation wave. Yesterday’s movement supports this view. > Unless the market breaks the previous high, we can assume it is still in the consolidation phase. However, if it breaks the previous high, the trend may change. Usually, breaking the 38% Fibonacci level can push the market toward the 78% level. > based on that if the market crosses yesterday’s high, we could see it move toward the 50% to 61% Fibonacci levels. This is the basic structure. Chart structures were discussed in the previous session and remain unchanged, so we can follow yesterday’s sentiment today as well.
NSE:NIFTY
by Manickamtraders
NIFTY 50: A Tug-of-War Between Bulls and BearsNIFTY 50 index is consolidating after a sharp decline, trading within a narrow range. While the overall trend leans bearish, there’s potential for a breakout on either side depending on market momentum. What’s Happening? Resistance Zones: 23,752-23,800: This is a strong supply zone, marked by repeated rejections. Bulls need to push through this level to spark any meaningful recovery. 23,953: A major resistance level, signaling the upper cap for a bullish breakout if momentum strengthens. Support Levels: 23,616-23,560: This is the immediate support area. A break below could accelerate the downside momentum. 23,413-23,225: A critical demand zone if the index fails to hold above 23,560. Buyers are expected to step in here for relief. Current Setup: The index is oscillating between 23,616 and 23,752, forming a sideways range. This reflects market indecision as traders wait for a clear direction. How to Trade This: If you’re bullish: Look for a breakout above 23,752 with strong volume. If successful, the next target could be 23,953. Be cautious near 23,800, as sellers might re-enter. If you’re bearish: Watch for a breakdown below 23,616. A move lower could lead to a drop toward 23,413 or even 23,225. Use caution if the price approaches the support zone, as buyers may react. Bottom Line: The market is in a wait-and-watch phase, with key levels acting as decision points. The area between 23,560 and 23,752 will dictate the next move. Stay alert for a breakout or breakdown and plan your trades accordingly. NSE:NIFTY What’s your view on NIFTY? Share your thoughts and levels in the comments! 🚀📉 Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
NIFTY Intraday Trade Setup For 8 Jan 2025NIFTY Intraday Trade Setup For 8 Jan 2025 Bullish-Above 23800 Invalid-Below 23750 T- 24055 Bearish-Below 23550 Invalid-Above 23600 T- 23300 NIFTY has closed on a slight bullish note with 0.39% gain today, majorly contributed through gap up opening. It was just at 23700 zone. Tomorrow index may slide again below 23600 as index is in good bearish grip. However free fall scenario possible below 23550. In case 23800 is taken out in the higher side then it can test 24k once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 23800 then we will long for the target of 24055. For selling we need a 15 Min candle close below 23550. T- 23300 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 January 7th, Tuesday:Good Morning, Friends! 🌞 Here are the market directions and levels for January 7th, Tuesday: Market Overview: The global market is maintaining a moderately bearish sentiment (based on the Dow Jones), while our local market is has a bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Gift Nifty showing an 70-point positive start. In the previous session, Nifty and Bank Nifty experienced a solid correction. what about next? even if it opens with gap-up start we can expect correction once if it rejects around the 38% mark. because if it takes pullback strucutrelly it couold be a 4th wave, 4th its a consolidation wave and the upcoming wave is 5th, 5th its a distribution wave so as per the structure the moment might be decrese during the 4th and 5th wave. lets look at the structure. Nifty Current View: The current view saying if the market opens with gap-up and its sustains then it could take 23 to 38% pullback in the minor swing. and structurally it could be a 4th wave. The 4th wave is a three-wave structure, and it could also be a consolidation wave. the 4th wave usually doesn't break the 38% Fibonacci level. so once its started to reject there then we can expect correction. this is the basic structure. However, if the market experiences a strong pullback, it could reach the 50% mark. Alternate View: An alternate scenario suggests that if the gap-up doesn't sustain and breaks the previous low then we can expect correction to the level of 23460 to demand zone. if this happens we should consider thats a 5th wave. 5th wave its a distribution wave so if it finds support around 23460 or the demand zone. then we can expect min od 23 to 38% pullback in the overall swing. (before entering the pullback entry pls check some reversal conformation.
NSE:NIFTY
by Manickamtraders
2
Nifty Intraday Support & Resistance Levels for 07.01.2025On Monday, Nifty opened on a positive note, reaching a high of 24,089.95. However, intense selling pressure dominated the session, driving the index over 500 points lower to a low of 23,551.90, breaking all near-demand/support zones. It finally settled at 23,616.05, losing 388 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As predicted in posts since October 2024, Nifty is gradually slipping into bear market territory, evident from the sharp 674-point decline since touching the Daily Supply Zone on 2nd January. The current sentiment remains weak, with support levels being tested. Watch for 23,100 - 23,300 as a critical zone to hold and monitor for selling pressure near 23,900 - 24,400.
NSE:NIFTY
by PriteshPalan