Will Nifty break the support or will it rebound from here? Only time will tell, as always check for resistance is bear market and support in bull market. I feel this is time to see resistance to get into cash more. Shortby Kaarthiksudhakar0
Nifty sell on rise given again at resistance area 23650 support Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3- (T3 : 61.8%) Target 4- (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Nifty trades and targets for - 24/12/24Hello Everyone. The market was in a very tight range the today. Let the resistance or support range break with 15-minute candle before going for any trade book profits every 30 points as we are getting very few trending moves. The zones marked in blue are previous resistance and support so book profits at these zones. 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.by GOPISRI0
My Nifty outlook and strategy Here’s my trading strategy for the coming days: #Nifty Support: 23,568.60 (closing basis) I expect a bounce in Nifty towards the 24,400–24,500 range, which is around 750–800 points from the CMP. At this level, many retail traders might initiate fresh long positions. However, I plan to book profits or exit at cost and avoid taking new positions here. My focus will be on collecting cash. Why? Because when retail traders go long, Nifty may move towards 24,700. After that, it’s likely to see another round of buying from them. But the very next day, the market might hit a high and then drop so sharply that exiting becomes difficult. At this point, I’ll look for shorting opportunities or trade in options. Once Nifty retraces back to 23,400 and bounces from there, I’ll create a list of long-term small-cap stocks to invest in. However, I’ll only invest if Nifty closes above 24,888 with good volume. If not, I’ll stay out. If the market reverses from there, a fall towards 22,300–22,000 is possible. If this happens, I’ll create a new strategy focusing on micro-cap stocks. Note: This entire strategy is based on technical analysis and past experience. While charts reflect most market behavior, any fundamental shift can invalidate this analysis. If the market doesn’t follow these levels, I’ll revise my strategy accordingly. by Trendxinc0
24/12/2024 suport and resistancedont follow my support and resistance blindly this is my predictionby ttsanand0
Nifty | Tuesday 24 Dec'24 | Trading Plan Nifty as mentioned in previous idea, is in C wave. Right now looks like have completed the w of C and in retracement. Two of the possible trade can be done as below: 1. Above the marked 23860, we can enter with target 1 of 23970 and target 2 of 24040 and further trailing with SL of 15 min intraday swing low. 2. Below the marked 23540, we can enter for short with target of 23350 and SL of 15 intraday swing high. Disclaimer: I am not SEBI certified analyst and this not a buy/sell recommendation. It is only for educational and entertainment purposes. Longby IMStockwala0
VIEW ON NIFTYBuy zone: 23600-23700 Target 23750/23800/23875/23925/24000 Stop loss 23550 Sell zone: 23950-23850 Target 23800/23750/23700/24650/23600 Stop loss 24000 I am just representing my views For educational purpose only.Longby dakshb38390
Nifty for 24th DecFII still bearish today with fresh 9000 shorts on Nifty, 24000 levels they have 55k shorts on Nifty, it would be difficult for Nifty to cross 24k levels in this month, expecting Nifty to retest 23500 levels.. further down depends on price action at 23500.. may be downtrend will happen on Expiry day till then market can do consolidation..closing above 24k , upside possible.. watchout the levels tmrw.Shortby UNNYCHAKYAT0
Nifty Intraday Support & Resistance Levels for 24.12.2024On Monday, Nifty opened with a gap-up, climbing to a high of 23,869.55 before dipping to a low of 23,647.20. It eventually closed at 23,753.45, gaining 165 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far 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): 23,831.35 - 23,869.55 Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As anticipated, Nifty rebounded from the 75m Demand Zone after five consecutive negative sessions and its oversold condition. If the 75m support zone holds, there’s potential for bullish movement toward 24,150 - 24,400.by PriteshPalan1
Nifty levels - Dec 24, 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!by sacxe2
Decoding NIfty 50 23/12/24 Short viewMarket can give both side moves today be careful with your position size. If you are skilled enough you can trade longs first then shorts. We will trade short after a certain upmove. Won't be entering on first pullback. It might be a trap. Hint is given trade accordingly.Shortby digitaltanmay123Updated 2
Nifty Support&Resistance Levels for 21 st Dec MondayNifty Support and Resistance levels to look for Monday intraday are Key levels:- Resistance 23670 23800 to 23850 Support 23500 23350 to 23300 Check price action on those levels above mentioned for rejection or breakouts to take entries accordingly other areas ignore risk reward not favorable. Educational purpose only do your own research before taking entries. by rakeshreddymUpdated 0
Nifty spot (5 mins chart)Date 23.12.2024 Nifty spot (5 mins chart) Formed diamond pattern in first 1 hr Big one sided move on breakout or breakdown Trending market today Regards, Ankurby AnkurSingh1
Nifty until 23910 not break sell on rise trend changed on gap upDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2) Target 2- (T2 : 50 %) Target 3- (T3 : 61.8%) Target 4- (T4 : 78.6%) Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
NIFTY Levels for December 23, 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. by RainingMoneywithTech2
Navigating the Nifty Downtrend: A Strategic ApproachThe market is undeniably on a steady downtrend. The signs are clear, and the data leaves little room for doubt. But the pressing question remains – how long do we wait for this to shift in our favor? Based on historical patterns and current indicators, particularly the MACD (Moving Average Convergence Divergence), this downward trend is projected to persist until at least March /April 2025. While market reversals are never set in stone, the prevailing sentiment suggests that a prolonged correction or consolidation phase will dominate until broader economic conditions stabilize. What This Means for Traders If you are actively trading, expect increased volatility and frequent stop-loss triggers. The unpredictable swings are more likely to shake out positions, making it challenging to maintain consistency. Swing traders, in particular, should tread carefully – the current environment favors patience over aggressive entries. Key Consideration for Swing Traders: Wait for Clear Uptrends: Avoid initiating trades in uncertain conditions. Instead, look for confirmations of upward momentum through daily and weekly charts before entering the market. Focus on Resistance Breakouts: Only trade when price action decisively breaks through established resistance points, backed by significant volume. Adapt Stop-Loss Strategies: Tighten stop-loss levels during downtrends to minimize exposure, but remain flexible to avoid unnecessary exits due to minor fluctuations. Strategy for Long-Term Investors For investors with a longer horizon, the focus shifts to capital preservation and strategic accumulation. Downtrends are often seen as opportunities to acquire fundamentally strong stocks at discounted prices. However, lump-sum investments may carry undue risk in such uncertain times. Investor Action Plan: Staggered Buying Approach: Break up your investment into smaller tranches. This allows you to "buy the dip" progressively, reducing the impact of short-term volatility. Fundamental Analysis is Key: Focus on companies with solid balance sheets, robust cash flow, and consistent earnings growth. These are the stocks most likely to recover strongly when the market turns. Diversification and Risk Management: Avoid over-concentration in any single sector. Diversify across industries to mitigate risk and stabilize your portfolio. Technical Analysis: Support and Resistance Levels Support and resistance levels have been carefully marked to help identify potential points where Nifty could either bounce back or experience further declines. Monitoring these levels is essential, as they offer insights into market sentiment and price behavior. Breakouts above resistance or dips below support will provide clues about the next market direction. Key Takeaways Patience is Crucial: Whether you're a trader or an investor, waiting for clear signals is vital. Reacting impulsively to minor rallies can often lead to losses. Adapt to the Trend: Recognize that bearish trends demand a shift in strategy. What works in bull markets may not yield results in a downtrend. Risk Management First: Prioritize protecting your capital over chasing profits. The market will eventually turn, and having capital on hand to seize those opportunities will be key. By maintaining discipline and staying informed, you can navigate this challenging period with confidence. The market may be on a downtrend, but opportunities will arise for those who are prepared. Safe trading!by sandeepbalachandran0
Nifty.....Ready To Fall.....Weekly patterns showing huge weakness....sellers are more active....26th December is weekly....monthly....and yearly expiry as well.....Hoping for some big movement on the date......Bearish sentiments....USA making everyday a statement that lead to a fall a market....Guys....26th December can be a expected date.....Hope you are matured enough to take a hint....Shortby tembhurnepranay03030
Nifty bearish viewhello, viewers. As we can see the 1 day swing high low and applied fib. retracement, as 1st fib. ret market retrace 0.5 level which indicates the low breaking probability for new low. And in 2nd new swing high low as per fib.ret. law 2nd swing golden ratio and 0.5 level also break low. which will indicates thee market will make new low at fib. support if low breaks then new support will be draw at chart which is of 1.382 and 1.50 of 2nd fib retracement. disclaimer = Everything drawn at chart, trade at your own risk. Shortby chazzsen0
Nifty Trading Strategy for 23rd December 2024.Nifty Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 23,740 Sell Below: The low of the 15-minute candle that closes below 23,440 Targets: Upside Targets: 23,825, 23,925, 24,020 Downside Targets: 23,320, 23,230, 23,100 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 23,740, aiming for targets of 23,825, 23,925, and 24,020. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,440, aiming for targets of 23,320, 23,230, and 23,100. 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. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. This strategy provides a structured approach for trading Nifty, ensuring clear buy and sell signals along with defined targets. I am not SEBI Registered.by ramkkyy0
CANDLE Psychologythe candles on eod have a story telling at fib levels. see the story and build your side to trade. market is supreme animal. we should be in the direction and never challenge . understand trend and story behind,... good luckLongby ASWATHRAM_N0
Nifty Intraday Support & Resistance Levels for 23.12.2024On Friday, Nifty opened flat to positive and climbed to a high of 24,065.80, briefly crossing the previous day’s high. However, heavy selling pressure pushed it to a day low of 23,537.35, entering the 75m Demand Zone mentioned earlier. It closed negative for the 5th consecutive session at 23,587.50, losing 364 points. While the Weekly Trend (50 SMA) remains positive, the Daily Trend (50 SMA) has turned negative. Demand/Support Zones Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far 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 (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty has lost over 1,200 points during its five-day losing streak, entering an oversold zone on the 75m timeframe. With prices touching the 75m Demand Zone (23,447.15 - 23,578.60), there’s potential for a bounce back, provided the support holds.by PriteshPalan3
DECEMBER 2024 Monthly LevelsBuy Above 24298.25 Buy Targets 24573.51 24847.27 25068.52 25289.78 25604.79 25796.04 26448.56 27164.83 Sell Below 23963.75 Sell Targets 23688.49 23414.73 23193.48 22972.22 22657.21 22465.96 21813.44 21097.17 by AstroAnalyticaUpdated 0
Nifty trades and targets for - 23/12/24Hello Everyone. The market was in a bearish 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 movesby GOPISRI1