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Nifty Intraday Analysis for 17th December 2024NSE:NIFTY Index closed near 24670 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 97.25 Lakh 24700 Strike – 73.95 Lakh 24800 Strike – 59.48 Lakh Put Writing 24500 Strike – 64.68 Lakh 24700 Strike – 53.24 Lakh 24600 Strike – 45.84 Lakh Index has resistance near 24775 - 24825 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24350 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 17th December 2024NSE:BANKNIFTY Index closed near 53580 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 26.33 Lakh 53500 Strike – 17.96 Lakh 55000 Strike – 19.79 Lakh Put Writing 52500 Strike – 17.68 Lakh 53000 Strike – 16.77 Lakh 53500 Strike – 15.23 Lakh Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range. Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 17th December 2024NSE:CNXFINANCE Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 3.89 Lakh 24800 Strike – 1.83 Lakh 25500 Strike – 1.52 Lakh Put Writing 24800 Strike – 1.87 Lakh 24700 Strike – 1.14 Lakh 24500 Strike – 1.03 Lakh Index has resistance near 25000 - 25050 range and if index crosses and sustains above this level then may reach near 25200 - 25250 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 17th December 2024NSE:NIFTY_MID_SELECT Index closed near 13205 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13500 Strike – 6.53 Lakh 13000 Strike – 3.90 Lakh 13200 Strike – 3.10 Lakh Put Writing 13000 Strike – 6.37 Lakh 13100 Strike – 3.34 Lakh 13200 Strike – 2.61 Lakh Index has immediate resistance near 13250 – 13300 range and if index crosses and sustains above this level then may reach 13450 – 13500 range. Index has immediate support near 13100 – 13050 range and if this support is broken then index may tank near 12900 – 12850 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Every dip is bought in to same day.Is it ready for a bigmove?After touching low of 23263 nifty has thrice declined markedly and these dips were bought in to same day or next day 28th nevember dip was bought in to next day.If we consider the on going up move is an impulse move then these decline can either be 2 nd wave or 4th wave.4th and 5 th december decline can be 4 th wave of that impulse wave.I have market two 1,2 on the chart out of that one is bracketed.Bracketed 1 and 2 can not be 3 and 4 as inthat case wave 3 will be shorter than wave 1(unbracketed). In some cases wave 3 can ve shorter than wave 1 but in that case wave 5 must be shorter than wave 3.For the time being I am omitting this option 3<5. So we are having two 1,2 in nifty in such scenerio we can have appreciable progress in nifty index.Main task before Nifty to over take 5 th december high that is 24857,it has broken the low of 5 th december already otherwise ir will be a lower low and lower high structure. If this post helps you like this post. follow me to get updates.
NSE:NIFTY
by bijoy2526
2
RSI trading RSI readings below 30 signal buy opportunities, indicating the asset is undervalued. Conversely, RSI readings above 70 signal sell opportunities, suggesting the asset is overvalued. A value of 50 signifies a balance between bullish and bearish positions or a neutral stance In the chart below, RSI is the blue line in the section below the S&P 500 price. Low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal.
NSE:NIFTYEducation
by SkyTradingZone
1
Option chain and full knowledge about tradingAn option chain lists all option contracts, including put and call option for given security. However, several traders focus on net change,' 'bid,' 'last price,' and 'ask,' columns to assess current market conditions. Option chain is also called the option matrix. Options trading is a type of financial trading that allows investors to buy or sell the right to purchase or sell an underlying asset at a fixed price, at a future date. Options trading operates on the basis that the buyer has the option to exercise the contract but is not under any obligation to do so
NSE:NIFTYEducation
by SkyTradingZone
BankNifty levels - Dec 18, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Dec 18, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Technical concepts in trading Technical analysis is a means of examining and predicting price movements in the financial markets, by using historical price charts and market statistics. It is based on the idea that if a trader can identify previous market patterns, they can form a fairly accurate prediction of future price trajectories. The 3 5 7 rule is a risk management strategy in trading that emphasizes limiting risk on each individual trade to 3% of the trading capital, keeping overall exposure to 5% across all trades, and ensuring that winning trades yield at least 7% more profit than losing trades
NSE:BANKNIFTYEducation
by SkyTradingZone
Trading will BREAK YOUR BACK more than you can IMAGINETrading Will Break You Before You Master It: A Trader's Journey Trading in financial markets can be one of the most rewarding yet humbling pursuits one can embark on. Beginners often enter the arena with dreams of quick riches and freedom, but they soon discover that trading is a brutal teacher. Before you "get the knack of it," trading will break your back—financially, emotionally, and psychologically. Here’s why that happens, and how you can turn the pain into progress: --- The Painful Reality of Trading 1. Emotional Turmoil Trading is more than analyzing charts or following strategies. It’s a test of your emotional resilience. The markets are unpredictable, and every trader faces losses. Fear, greed, and frustration often overpower logic, leading to impulsive decisions and repeated mistakes. 2. Financial Losses Even the most experienced traders lose money. For beginners, losses can be especially devastating because they often lack risk management skills. The pain of watching your hard-earned capital disappear is a reality every trader must face. 3. Overconfidence and Humility Success in early trades can foster overconfidence, which leads to riskier behavior and eventually to significant losses. Markets have a way of humbling even the most confident traders, forcing them to rethink their approach. --- Why Persistence is Key The difference between successful traders and those who quit lies in how they respond to setbacks. Every loss is a lesson, and every mistake offers an opportunity to refine your strategy. 1. Building Resilience Trading is a long-term game. Emotional resilience comes from understanding that losses are part of the process. Developing a mindset focused on improvement, rather than perfection, is crucial. 2. Learning Through Failure Each failure teaches a valuable lesson. Perhaps you risked too much on a single trade or ignored a key indicator. Analyze every loss with a critical eye and adjust your strategy accordingly. 3. The Power of Discipline Successful trading requires discipline—following your strategy, managing risk, and knowing when to exit a trade. This discipline doesn’t come naturally; it’s forged through repeated experiences, both good and bad. --- Tips to "Get the Knack of It" 1. Start Small Begin with small positions to minimize risk. This allows you to learn without the pressure of significant financial losses. 2. Focus on Education Study the markets, technical analysis, and trading psychology. Books, courses, and mentorship can accelerate your learning curve. 3. Keep a Trading Journal Document every trade—why you entered, your strategy, and the outcome. Reviewing this journal helps you identify patterns in your behaviour and performance. 4. Develop a Risk Management Plan Never risk more than you can afford to lose. Use stop-loss orders and position sizing to protect your capital. 5. Practice Patience The markets are always there. Avoid the temptation to chase trades. Wait for setups that align with your strategy. Conclusion Trading will break you before it makes you. The journey is riddled with failures, but each one brings you closer to mastery. By embracing the process, learning from mistakes, and maintaining discipline, you can transform setbacks into stepping stones. Remember, trading is not about winning every trade; it’s about being consistent over the long term. Success comes to those who endure the grind, adapt to challenges, and persist despite the pain
NSE:NIFTYEducation
by keshevdugar
8
Bullish Inverted Head $ Shoulder PatternNifty gave breakout at 03-12-24 from Inverted Head & Shoulder pattern by closing above neckline 24370 with a close of 24457. After some uptrend Nifty retested the neckline at 24180 to check it as strong support and started uptrend. Now Target of this Inv. H n S pattern would be 25403, 26586. Buy Nifty at this level with last 2 day's lowest price as trailing STOPLOSS to carry your position for aforesaid targets. Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
NSE:NIFTYLong
by maneeshaggarwal
NIFTY OUTLOOK....Ready For All Time High Again ?NSE:NIFTY Current Market Price 24700 Below chart was made on 21/11/2024 regarding BOTTOMING OUT of NSE:NIFTY from correction phase of more than 3000 points from All Time High (-11.47% from ATH) ! Before that on 20/09/2024 when NSE:NIFTY was continuously making Life Highs we stated that it will be TOPPED near 26200 levels, And from there we saw a decent and healthy correction of more than 10%.... ================================================================ ALL UPDATED CHART OF NSE:NIFTY FROM TOP TO BOTTOM CHART 1 CHART 2 ================================================================ Beautiful Rally Captured both the sides in NSE:NIFTY !!💕💕 26200-------->23265+ (2935+ points) 23265-------->24850+(1585+ points) ================================================================ CURRENT SCENARIO of NSE:NIFTY LTP 24700 Any dip till 24000 can be bought with a Weekly Closing Basis Stoploss of 23743 Targets🎯24905 / 25025 / 25111 / 25275 / 25490 / 25800++++ Will revisit the situation when all mentioned targets will be achieved !! ================================================================ Thanks ! Harm⭕nics4Life 05/12/2024 Disclaimer. I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.
NSE:NIFTYLong
by Harmonics4Life
#Nifty directions and levels for December 17th.Good morning, friends! 🌞 Here are the market directions and levels for December 17th. Market Overview: The global market continues to show moderately bearish sentiment (based on the Dow Jones alone), while our local market is displaying a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is indicating a negative 40 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty saw a minor correction but did not break the 38% Fibonacci level. Therefore, until the support level is broken, the market will maintain its bullish bias. However, if the support is broken, the bullish momentum may turn neutral to bearish. This is the basic structure; let’s analyze this further with the chart. Both Nifty and Bank Nifty currently share the same structural sentiment. Nifty Current View: The current view suggests that if the market initially takes a pullback, it could reach a minimum of 24,752. However, the rally will continue only if the market breaks this level with a solid candle. If it does, we can expect the next targets at 24,818 and 24,857. This is the basic structure. Alternate View: The alternate view suggests that if the market sustains the gap-down, the levels 24,559 and 24,531 will act as strong support. If the market finds support here, we can expect a bounce back of at least 38% to 78% in the minor swing. Conversely, if this support level is broken, the market may fall further to 24,451 and 24,418. (Note: If you plan to take a position in the bounce back, check for RSI divergence. If divergence occurs, you can enter; if it doesn’t, wait for a 38% Fibonacci breakout in the minor swing. Apply the Fibonacci levels from swing high (24,792) to the upcoming low. Because Range-bound entries can be challenging, and we cannot expect proper swings and in this premium)
NSE:NIFTY
by Manickamtraders
2
#Banknifty directions and levels for December 17th.Bank Nifty Current View: Bank Nifty also reflects a similar sentiment as Nifty. If the market initially takes a pullback, it could reach a minimum of 53,703 to 53,791. However, the rally will continue only if the market breaks this level with a solid candle. If it does, we can expect the next targets at 53,934 and 54,099. Alternate View: The alternate view suggests that if the market sustains the gap-down, the 38% Fibonacci level will act as strong support. If the market finds support here, we can expect a bounce back of at least 38% to 78% in the minor swing. Conversely, if this support level is broken, the market may move lower to the 50% and 61% Fibonacci levels in the minor swing.
NSE:BANKNIFTY
by Manickamtraders
NIFTY Levels for December 17, 2024NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for December 17, 2024BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech