Nifty Pull back strongly and give close over 23350, Bullish signNifty Pull back from its support and give close over 23350 it is a good sign for the market toward s bullishness. Keep remind this levels in near future.
INDIA50CFD trade ideas
Nifty Intraday Analysis for 31st January 2025NSE:NIFTY
Index closed near 23250 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23200 Strike – 24.68 Lakh 23500 Strike – 23.14 Lakh
23300 Strike – 18.79 Lakh
Put Writing
23000 Strike – 30.76 Lakh
23200 Strike – 25.64 Lakh
23300 Strike – 15.59 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.
Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
BUDGET DAY IMPORTANT LEVEL FOR NIFTYNifty is still holding LH /LL structure. Price action is range bound, Plan your trade accordingly. Happy earning guys.
Nifty & Bank Nifty - How to trade on the Budget day?Level based trading usually doesn't work on major event days. Then what should our approach to trade the indices tomorrow?
I have tried to put my thought around this in the video. Please watch.
A Clear Wolfie Structure in nifty which is ticking all the boxesTitle: Wolfe Wave in Nifty: A Bullish Breakout Targeting 23,300
Introduction
The Indian stock market has been showing strong momentum, and technical traders are keeping a close eye on Nifty’s price action. A bullish Wolfe Wave pattern appears to be forming, pointing towards an upside target of 23,300. This article will break down the structure of the pattern, key levels to watch, and how traders can position themselves for potential gains.
What is a Wolfe Wave?
A Wolfe Wave is a natural reversal pattern found in financial markets, signaling an upcoming price move. It consists of five waves, forming a contracting wedge, with the final breakout aligning with the extended 1-4 trendline, also known as the profit target line.
In the case of Nifty, a bullish Wolfe Wave seems to be developing, indicating a possible rally toward the projected target of 23,300.
Key Levels & Pattern Breakdown
1. Wave 1-2: The initial impulse wave, establishing the first trend.
2. Wave 2-3: A corrective move against the first wave.
3. Wave 3-4: A strong move in the direction of the initial trend.
4. Wave 4-5: The final corrective wave, typically touching or slightly breaking the 1-3 trendline before reversing.
5. Breakout & Target: The price moves sharply towards the 1-4 trendline, which acts as the profit target.
Current Nifty Setup
• Support Zone: The recent low around 22,600
• Breakout Level: Nifty needs to break above 22,900 decisively
• Target Price: The extended 1-4 trendline suggests an upside move to 23,300
• Stop-Loss: Below the previous swing low (22,500) to manage risk
Confirmation Signals
For a strong breakout, traders should look for:
✅ Volume Surge: A breakout with rising volume adds credibility.
✅ RSI above 50: Bullish momentum confirmation.
✅ MACD Crossover: A positive crossover supports the uptrend.
✅ Global Market Sentiment: A supportive macro environment can fuel the rally.
Conclusion
If the bullish Wolfe Wave pattern plays out as expected, Nifty could rally toward 23,300 in the coming sessions. However, traders should remain cautious of external market factors, such as global events and economic data, which could influence price action. Managing risk with proper stop-loss levels is crucial for maximizing gains while protecting capital.
Would love to hear your thoughts—do you see the same setup? Drop a comment below!
Market Potential Upside, Uptrend, Check Fibbo Levels for Price AMarket current trend is uptrend. For price action kindly check Fibbo levels. Possibility of market rangebound. Overall market trend is bullish.
Nifty 31-01-2025 budget day -1Nifty expected to remain flat +-50 due US tariff change fear on brics. Focus on IV and write Otm accordingly. Neutral will be the call today as for next 2 hrs candle formed.
31-01 Nifty key levelsDear traders, here are the key levels for nifty 31-01-25, important support and resistance for intraday, based on previous day movement and market trend.
Note: Intraday view only
Nifty Prediction for Friday 31 January 25Hello Early Investor,
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Nifty Support&Resistance Levels this week Jan 27th to Jan 30thNIfty Breaks down a 2 week range ,if one could measure the length of the ranging area comes to 400 points .Nifty may test and take support around 22600 to 22700 area before budget to get some relief rally.
Key Levels
Resistance 23000
Support 22700 to 22600 Area.
Educational purpose only do your own research before taking entries.
Nifty Intraday Analysis for 30th January 2025NSE:NIFTY
Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 77.20 Lakh 23500 Strike – 76.50 Lakh
23300 Strike – 56.74 Lakh
Put Writing
23000 Strike – 124.33 Lakh
22500 Strike – 102.56 Lakh
229800 Strike – 63.50 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NIFTY 50 UPTREND 3 days -DIP TRADE (BUDGET effect)Continously on 3rd day NIFTY is in buy in dip - with dip trade coming in 1st one hour by taking support at prev day liquidity /swing & 20 ema -5m
If broader trend is kept in mind - intraday trade can be derived on that basis
Important Video for Trader'sTake regular breaks when you are reading or studying. Reading for short periods of time of about 20-30 minutes should be enough to really focus on the text and take in as much as possible. 7. Read in a positive environment that is comfortable and free of distractions as this will help improve your concentration.
The 60-60-50 RSI strategy is a trading strategy that generates buy/sell signals by analysing the RSI across multiple timeframes. This course will teach you the logic of the 60-60-50 strategy and how to apply it.
30-01 Nifty key levelsDear traders, here are the key levels for nifty 30-01-25, important support and resistance for intraday, based on previous day movement and market trend.
Note; Intraday view only
Nifty seem to have taken supportIt's a good price-action support.
But I still believe that it's going to be sell-on-rise market.
Nifty Showing Downtrend Reversal Pattern @ 23000 levelNifty tried to break 23000 level but showed a reversal pattern
As long as nifty holds this level better to start looking for buy opportunities
Can only think of shorting the market below 22950 level
NIFTY Levels for January 30, 2025NIFTY 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.
Nifty trades and targets for - 30/1/25Hello Everyone. The market was in a bullish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 30 points as we are getting very few trending moves. Its expiry so trade if levels are broke an there are clear signals of any trade. If we try to trade in between zones then our SL will be hit and capital will be wiped out. Preserve your capital on expiry is the most important thing to do. Look for hero zero trades after 2.00 P.m. and use 10% capital for this trade.
Nifty Trading Strategy for 30th January 2025Nifty Trading Strategy
Buy Setup:
Wait for the price to move above 23230.
Buy above the high of the 15-minute candle that breaks above 23230.
Targets: 23270, 23325, 23370.
Stop Loss: Below the low of the triggering candle.
Sell Setup:
Wait for the price to move below 23050.
Sell below the low of the 15-minute candle that breaks below 23050.
Targets: 22980, 22930, 22880.
Stop Loss: Above the high of the triggering candle.
Disclaimer:
I am not SEBI Registered. Trading in financial markets, including Nifty, involves significant risk and may not be suitable for all investors. The strategy provided is for informational purposes only and does not guarantee profits. Past performance is not indicative of future results. Always conduct your own analysis and consult with a financial advisor before making any trading decisions. Use proper risk management techniques, including stop losses and position sizing, to protect your capital. The author is not responsible for any financial losses incurred based on this strategy. Trade at your own risk.
My new parash//@version=5
strategy("Nifty 15-Min Intraday Strategy", overlay=true, margin_long=100, margin_short=100)
// Inputs
emaLength = input.int(20, "EMA Length")
rsiLength = input.int(14, "RSI Length")
stopLossPoints = input.int(15, "Stop Loss (Points)")
takeProfitPoints = input.int(30, "Take Profit (Points)")
useTimeFilter = input.bool(true, "Restrict Trading Hours (9:45-14:30 IST)")
// Calculate Indicators
ema20 = ta.ema(close, emaLength)
rsi = ta.rsi(close, rsiLength)
volumeUp = volume > ta.sma(volume, 5)
// Define Trading Session (9:45 AM to 2:30 PM IST)
timeAllowed = time(timeframe.period, "0945-1430")
// Trend Identification
bullishTrend = close > ema20
bearishTrend = close < ema20
// Entry Conditions
longCondition =
bullishTrend and
ta.crossover(rsi, 50) and
(low <= ema20) and
volumeUp and
(useTimeFilter ? timeAllowed : true)
shortCondition =
bearishTrend and
ta.crossunder(rsi, 50) and
(high >= ema20) and
volumeUp and
(useTimeFilter ? timeAllowed : true)
// Execute Trades
if (longCondition)
strategy.entry("Long", strategy.long)
strategy.exit("Exit Long", "Long", stop=close - stopLossPoints, limit=close + takeProfitPoints)
if (shortCondition)
strategy.entry("Short", strategy.short)
strategy.exit("Exit Short", "Short", stop=close + stopLossPoints, limit=close - takeProfitPoints)
// Plotting
plot(ema20, color=color.blue, title="20 EMA")
bgcolor(bullishTrend ? color.new(color.green, 90) : color.new(color.red, 90))
// Alerts
alertcondition(longCondition, "Long Entry", "Nifty Long Signal on 15-min")
alertcondition(shortCondition, "Short Entry", "Nifty Short Signal on 15-min")
NIFTY Still RangeboundNIFTY seems to be moving in the range as shown in the chart. It has taken a reversal from support and given a close in the Green. However, it needs to breakout of the channel and give a close above the 200DEMA for any meaningful entry. Even good stocks will get battered if the Budget does not meet the expectations. Therefore, the following are very important at this stage:
1. A Close in the Green above the 200DEMA.
2. NIFTY Breaking out from the channel with good volumes.
3. Most importantly, sone good takeaways from the forthcoming budget, which might bring back the smart money from FIIs.
4. Hopefully, some good results from the companies which haven't been great so far.
Nifty Intraday Analysis for 29th January 2025NSE:NIFTY
Index closed near 22955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 88.97 Lakh 23500 Strike – 75.75 Lakh
23300 Strike – 67.06 Lakh
Put Writing
23000 Strike – 103.33 Lakh
22900 Strike – 60.65 Lakh
22800 Strike – 55.79 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22650 – 22600 range.
