Nifty Trading Strategy for 10th December 2024Nifty Analysis
Key Levels:
Buy Above: 24,660
Sell Below: 24,580
Scalping Strategy:
Buy Signal : Enter a buy position above the high of the candle which closes above 24,660.
Sell Signal: Enter a sell position below the low of the candle which closes below 24,580.
Time Frames:
Preferred Time Frame: 15-minute chart for better clarity and precision.
Scalping Time Frames: 3-minute or 5-minute intervals for quick trades.
Steps for Scalping:
Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position.
Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660.
Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position.
Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580.
Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart.
Additional Tips:
Stay Updated: Keep an eye on market news and events that might impact Nifty.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Practice Patience: Wait for clear signals before entering a trade to avoid false moves.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Nsenifty
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame.
1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in.
2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish.
1WEEK TIME FRAME — BULLISH
1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH
We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target.
This is for educational purposes only. Please do your own research before investing.
Looking for Penny stocks to invest, have a look!! AIRAN LTDA glimpse of our analysis on AIRAN LTD chart on Daily Time frame.
1)We have price reacting to the weekly order block and Fvg and giving a good move upward with good volume indicating Smart money orders coming in.
2)Down charting on 1Day time frame, we were able to spot a Change in market structure. Shift of trend from bearish to bullish.
1WEEK TIME FRAME — BULLISH
1DAY TIMEFRAME — SHIFTED FROM BEARISH TO BULLISH
We are waiting for price to react back from FVG or ORDER BLOCK and ride with the trend targeting T1, T2, T3 and weekly High as the final target.
This is for educational purposes only. Please do your own research before investing.
Union Bank Charts: Time to Buy or sell?After closely analyzing the Union Bank chart we have observed that
1) On weekly Tf, Union bank is trading with a bullish bias and currently its trading on a retracement move.
For any buying opportunity we look for any change in Trend on lower Tf usually in 1Day or 4 HR chart.
2) On Daily Tf, Union bank is following the market structure of LH & LL, and looking at the very recent move the trend has been shifted to bullish.
We can see on the chart that the previous LH is getting liquidated & market has formed a ned HH, indicating a switch in Market structure.
We will look for only Buy opportunity when the price comes down to the FVG & OB on the daily tf. Entry on FVG or OB will help us to follow the smart money inflow.
This is for educational purposes only. Please have your own research before investing.
Nifty Trading Strategy for 5th December 2024Trading Strategy for Nifty:
Buy Strategy:
Entry Point: Enter a long position (buy) above the high of the candle that closes above 24585 on a 15-minute timeframe. This means if a 15-minute candle closes above 24585, you will buy once the price exceeds the high of that candle.
Stop Loss: Set a stop loss slightly below the low of the breakout candle to manage risk. For instance, if the breakout candle has a low of 24550, you might set your stop loss at 24540 to protect your capital.
Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you're risking 45 points (24585 to 24540), aim for a reward of at least 90 points (e.g., a target of 24675).
Sell Strategy:
Entry Point: Enter a short position (sell) below the low of the candle that closes below 24332 on a 15-minute timeframe. This means if a 15-minute candle closes below 24332, you will sell once the price drops below the low of that candle.
Stop Loss: Set a stop loss slightly above the high of the breakdown candle. For example, if the breakdown candle has a high of 24370, you might set your stop loss at 24380 to mitigate risk.
Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you're risking 38 points (24332 to 24370), aim for a reward of at least 76 points (e.g., a target of 24256).
Risk Management:
Use Stop Losses: Always use stop losses to protect your capital and limit potential losses.
Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade.
Regular Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information.
Market Context:
Economic Indicators: Pay attention to key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty.
Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility.
Disclaimer:
Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered.
Trade wisely and stay informed! 📈💼
Nifty Trading Strategy for 04th December 2024Trading Strategy:
Buy Strategy:
Entry Point: Enter a long position (buy) above the high of the candle that closes above 24512 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes above 24512, you will buy once the price exceeds the high of that candle.
Stop Loss: Set a stop loss below the low of the breakout candle or a significant support level to manage risk. For instance, if the breakout candle has a low of 24450, you might set your stop loss slightly below this level to protect your capital.
Target: Determine your target based on historical resistance levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24512 to 24462), aim for a reward of at least 100 points (e.g., a target of 24612).
Sell Strategy:
Entry Point: Enter a short position (sell) below the low of the candle that closes below 24346 on a 15-minute timeframe. This means if a candle on the 15-minute chart closes below 24346, you will sell once the price drops below the low of that candle.
Stop Loss: Set a stop loss above the high of the breakdown candle or a significant resistance level. For example, if the breakdown candle has a high of 24400, you might set your stop loss slightly above this level to mitigate risk.
Target: Determine your target based on historical support levels or a specific risk-reward ratio. For example, if you risk 50 points (from 24346 to 24396), aim for a reward of at least 100 points (e.g., a target of 24246).
Risk Management:
Use Stop Losses: Always use stop losses to protect your capital and limit potential losses.
Position Sizing: Never risk more than a small percentage (e.g., 1-2%) of your trading capital on a single trade.
Regularly Review: Continuously monitor the market and adjust your strategy based on evolving conditions and new information.
Market Context:
Economic Indicators: Keep an eye on key economic indicators such as GDP figures, inflation data, and interest rate announcements that can impact Nifty.
Geopolitical Events: Be aware of geopolitical events and developments that can cause significant market volatility.
Disclaimer:
Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author . Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Note: The author is not SEBI registered.
Trade wisely and stay informed! 📈💼
Nifty Trading Strategy for 03rd December 2024Nifty Trading Strategy
Buy Strategy:
Condition: Look for the price of Nifty to close above 24306 on a 15-minute candle.
Entry Point: Identify the high of the candle that closes above 24306.
Action: Place a buy order above this high once the 15-minute candle has closed above 24306. This confirms that the market is trending upward and you’re looking to ride the momentum.
Sell Strategy:
Condition: Look for the price of Nifty to close below 24120 on a 15-minute candle.
Entry Point: Identify the low of the candle that closes below 24120.
Action: Place a sell order below this low once the 15-minute candle has closed below 24120. This confirms a downward trend, signaling a bearish market.
Current Price: The current price of Nifty is 24276.
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions. I am not SEBI registered.
Nifty Trading Levels for 21st November 2024Trading Strategy and Market Analysis
Current Price: 23,518
This analysis provides a clear trading strategy with multiple levels of support and resistance, helping traders make informed decisions. The following targets are based on technical analysis, assuming no significant market-impacting news.
Buy Strategy
Trigger Point: Enter a buy position above 23,590.
Targets:
Target 1: 23,750 – First level of profit booking, aligns with short-term resistance.
Target 2: 23,880 – Higher resistance zone, suitable for extended trades if momentum sustains.
Stop Loss: Place a stop loss around 23,500 to limit downside risk.
Sell Strategy
Trigger Point: Enter a sell position below 23,383.
Targets:
Target 1: 23,298 – Immediate downside support and potential bounce level.
Target 2: 23,200 – A significant support zone, indicating possible bearish strength.
Stop Loss: Place a stop loss around 23,450 to cap losses on unexpected reversals.
Detailed Support and Resistance Levels
Resistance Levels (Price levels likely to act as ceilings, limiting upward movement):
R1: 23,590 – Immediate resistance; crossing this could indicate bullish momentum.
R2: 23,750 – Strong short-term resistance and a likely profit booking zone.
R3: 23,880 – Major resistance zone; surpassing this level could signal a breakout rally.
Support Levels (Price levels likely to act as floors, limiting downward movement):
S1: 23,383 – Immediate support; breaking this could lead to further downside.
S2: 23,298 – Key short-term support level, potential for a bounce.
S3: 23,200 – Strong support zone; if breached, it could indicate significant bearish sentiment.
Market Outlook
Bullish Scenario: If the price breaks and sustains above 23,590, we may see a move toward higher targets, driven by positive market sentiment.
Bearish Scenario: A breakdown below 23,383 could indicate bearish strength, with the price potentially testing lower support levels.
Disclaimer
I am not SEBI Registered. This analysis is provided for informational and educational purposes only. Trading in financial markets involves substantial risks, including the risk of losing capital. Readers should perform their own due diligence or consult a financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information.
Note for Traders
Ensure that you:
Monitor Market Sentiment: Stay updated with news and economic events that might impact market movements.
Stick to Risk Management: Use appropriate position sizing and set stop losses to limit potential losses.
Use Indicators: Combine these levels with technical indicators like RSI, MACD, or Moving Averages for better confirmation.
Happy trading! 😊
Nifty Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy
Trading Plan:
Buy Above 23,625
Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle.
After confirmation, initiate a BUY position.
Target Levels:
Target 1: 23,700
Target 2: 23,750
Sell Below 23,350
Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle.
After confirmation, initiate a SELL position.
Target Levels:
Target 1: 23,298
Target 2: 23,100
Current Value:
Nifty Spot Index: 23,454
Support and Resistance Levels:
Supports:
23,298: Key level where buying interest might emerge.
23,100: Strong support zone that could hold in case of heavy selling pressure.
Resistances:
23,700: Initial hurdle for the upward move.
23,750: Major resistance level, likely to cap any strong bullish momentum.
Key Notes for Traders:
Use these levels as a reference for trading Nifty Futures and Options.
Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy.
Book Profits at regular intervals and use trailing stoploss.
Disclaimer:
I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
Nifty Spot Trading Strategy 18th November 2024Nifty Spot Trading Strategy: Buy Above 23,695 / Sell Below 23,475
Current Value: 23,533
Key Trading Levels:
Buy Signal: Close above 23,695 on the 15-minute candle
Sell Signal: Close below 23,475 on the 15-minute candle
Strategy Overview:
Buy Strategy:
Trigger Level: 23,695
Action: Enter long positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,800 and 23,900
Sell Strategy:
Trigger Level: 23,475
Action: Enter short positions
Profit Booking: Regular intervals or use a trailing stop loss
Target Levels: 23,400 and 23,300
Market Insights:
The price is currently at 23,533, indicating potential for both bullish and bearish activity based on the key levels.
Key support and resistance levels to watch are between 23,475 to 23,695.
Disclaimer: This analysis is for educational purposes only. I am not SEBI registered. Please conduct your own analysis before making any trading decisions.
Sideways September?
As marked on the Monthly time frame of Nifty
- During an upmove in the market when such hanging man pattern is formed,
- The following month has shown Bearish/Sideways movement in the market
- Similar "Hanging man" candle can be observed for the month of August
As of now since the commencement of September trading month we have seen a fall of 481 points / 1.9% from the ATH from 25333.65 to 24852.15
Bringing Nifty to its crucial level that acted as resistance for the month of August
- There's a possibility this level can turn into CIP and act as a support
- If this level breaks, next support can be seen at the levels of 24150 / Approximately 4.5% from ATH giving good buying opportunities in Equity as well
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 for the week starting 5th august 2024.On Friday Nifty opened with a gap on the down side and ended the day in Red with no signs of Recovery.
In one and four hour time frame Nifty has broken the trendline and is bearish.
If Nifty closes below 24650 on Monday they we can assume that the down trend has begun.
For Monday 5/8/24
Buy above 24780 for a target of 24820 , 24850.
Sell below 24650 for a target of 24610, 24580
NIFTY ANALYSIS FOR THE WEEK STARTING 29TH JULY 2024.Last week on the daily time frame nifty gave a long bearish engulfing candle after which the follow up candle did not close below 24300 and nifty reversed.
In one hour time frame Nifty closed above 24520 and turned bullish and closed near All time high.
For Monday
Nifty is Bullish above 24870 or may become short term bearish if one hour candle closes below 24700.
For the Week.
Nifty is bullish in the short term and may see some correction during the week .If Nifty closes below 24300 then we may change our view.
Keep booking profits at regular intervals.
Trade wisely and safely.
Ramakrishnan
I am not a SEBI registered analyst.
NIFTY VIEW FOR THE WEEK STARTING 22nd JUL 2024Nifty analysis is based on PEMA and Hull Moving Average. On Friday Nifty had formed a Bearish Engulfing Pattern. The trend or the direction of Nifty seems to be on the down side if it breaks 24500 and closes below it. Then we can see a level of 23200.
If it breaks the high of 24860 and closes above it , then the market turns Bullish and we can see new highs in the coming days.
01 Sep ’23 Post Mortem on Nifty - Neutral b/w 19563 & 19788 Nifty Analysis
Recap from yesterday: “For Monday I wish to continue my bearish stance with the first target being 19563 and second 19484. If the momentum fades and we are unable to pick a direction in the opening 2 hours — I wish to change my stance to neutral to a wait and watch mode.”
Firstly my bearish call did not work out today - that disappointed me a bit.Since the momentum has faded - it also makes sense to move to a neutral stance today. Opening was inline and the first 2 hrs of price move were in alignment to the action from friday (notice the continuous blue line drawn).
What didnt make sense was the 133pts ~ 0.68% rally from the lows to 19734 levels by 13.00. Another 60 odd points - we would have gone into the bullish zone. One major news that broke today was NSE’s plan to extend the trading hours to 6 to 9pm as a separate session - source. Looking at the time slot, I guess its to include the office goers into this betting arena.
We are already overdone with daily expiries, adding extra trading hours to bring in more participation may not work in the best interest of everyone except maybe the exchanges. Professional traders will always prefer reform stability over flexibility. If we push it too hard - these people may abandon ship and move to US markets.
NSE has already said 9 out of 10 people lose money in derivatives. 90% of full time traders are not able to go profitable - how likely is it that part time traders who jump in between 6 to 9pm expect to make money?
Trading itself is a stressful activity, its because we handle the frustration of going wrong along with losing money. 09.00 to 15.30 is usually a period where we remain absolutely focussed, distraction free & dedicated. People like me even eat lunch at the trading desk. Just imagine if we have to dedicate 18.00 to 21.00 also with a similar intensity - wont the work life balance be affected?
On the 1hr TF, Nifty will have to break down below 19563 or break out above 19788 for a trend determination. I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.
HCG.. Big ATH Breakout (On the way, for 500% to 1000% returns)Fundamentally::
- Cheapest across the Hospital Industry, with 18x CFO to EBITDA
- Cancer care is in the great tailwind across developed economies, which makes HCG a good play for the long run. As India evolves into a developed country, or India positions itself as a medical treatment outsourcer.
- CEO is capable of envisioning a turnaround in the business
Technically::
- Highest strength across its industry peers
- Fresh breakout of all-time high, may go 5-10x from this level in 5-7 years.
Disclaimer:: Biased.
#Very_high_Skin_in_the_game!
ADANIPORTSADANIPORTS:- around 2 years consolidation period. We can expect a bullish move
wait for Darvas box breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning