NIFTY 50This is simple inverse chart of NIFTY50. Picture seems very clear any further breakdown will lead to fresh selling
INDIA50CFD trade ideas
Nifty Intraday Support & Resistance Levels for 27.01.2025On Friday, Nifty opened on a positive note but witnessed significant volatility. It initially dipped to a low of 23,102.90, finding support at the 5m Demand Zone highlighted in the previous analysis. It then rallied to a day high of 23,347.30, nearing the 5m Supply Zone, before retreating sharply to a new day low of 23,050. The index closed at 23,092.20, losing 113 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative.
Demand/Support Zones
Near Minor Demand/Support Zone (15m): 22,986 - 23,029.55
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Outlook
This marks the second consecutive week where Nifty closed below the critical June 2024 election week levels, signaling sustained selling pressure. Unless Nifty finds strong support in the 22,800–23,000 zone, further downside could be expected in the coming weeks.
On the upside, major resistance lies at 23,400–23,800. A breakout above this range might indicate the start of a bullish trend. However, with the Union Budget 2025 on the horizon, caution is advised, as market volatility could spike.
Nifty Intraday Analysis for 24th January 2025NSE:NIFTY
Index closed near 23205 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 54.00 Lakh 23200 Strike – 41.75 Lakh
23300 Strike – 35.24 Lakh
Put Writing
23000 Strike – 68.58 Lakh
23200 Strike – 40.68 Lakh
23300 Strike – 29.77 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 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Nifty : Will it HOLD 23000 ?Nifty is settling below 23400-500 range. Which is turning into a tough resistance.
If this level breaks down then a deep n long downtrend will start. 21800 or less may be seen in future.
For Educational purpose only.
Nifty short term viewNifty short term view
23200 is a important Support for Nifty.
Below 23200, ABCD gets activated and 21840/21650 are the targets.
23200-24200 is the sideways range for nifty, option sellers can sell the above range for next week.
If Nifty trades below 23200, more downside possible and targets are 23080/22780 for next week.
Long above 24200 for 24480/24780, but keep position size low as it is aginst the trend.
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Nifty View For Monday 27.01.25On January 24, 2025, the Nifty 50 index closed at 23,092.20, marking a decline of 113.15 points or 0.49% from the previous day. ( (m.economictimes.com))
Throughout the trading session, the index reached an intraday high of 23,347.30 and a low of 23,050.00. ( (finance.yahoo.com))
The broader market also experienced a downturn, with the BSE Sensex dropping 329.93 points, or 0.43%, to close at 76,190.46. ( (www.angelone.in))
Sector-wise, declines were observed in Media, Realty, and Pharma, each falling by approximately 2%. In contrast, FMCG and IT sectors outperformed during the session. ( (www.angelone.in))
In the derivatives market, the Nifty January 2025 futures closed at 23,114, maintaining a premium of 21.8 points over the cash market closing. ( (www.business-standard.com))
Overall, the market faced a downturn, with profit booking observed in several sectors, leading to a decline in key indices.
Accumulation Stock market always moves in cycles, switching between phases where investors either accumulate (buy) or distribute (sell) stocks. Understanding these phases helps us make better decisions.
Recently, after Nifty broke its resistance zone of –23,300 and hit a lifetime high, the market pulled back, forming a pattern of Lower Lows and Lower Highs (LLLH). This pullback is part of an accumulation phase, where buyers are gradually stepping in at lower levels. The 23,000–23,300 zone remains a strong support level, indicating a solid foundation for the market.
As we approach the budget, we can expect increased volatility, with the index potentially falling 500–700 points. However, this range offers a great opportunity to invest in high-quality value stocks, as these dips often set the stage for future growth.
This is a time to stay calm, focus on your investment strategy, and take advantage of this accumulation phase to build a stronger portfolio. Patience and discipline are key in navigating these market conditions.
Considering the Growth rate which took a southern trend in the past 2 quaters, indicates the market is looking for a fair vaulation, since the consumption has declined. The upcoming budget should hopefully boost the Capital Expenditure and motivate the masses to consume goods & services thereby bolstering the masses to consume goods & services.
Keeping in mind this view I'm of a personal opinion that the Economy is at large still the fastest growing economy despite the downtrend due to macroeconomic factors.
Note: I'm not a SEBI registered analyst, please consult your financial advisor before taking any investment opportunities.
Why does market do OPPOSITE of what you THINK ?Cognitive Biases and Heuristics in Trading: How Our Minds Impede Sound Decision Making
Trading is often seen as a rational, data-driven activity, where success hinges on analysis, strategy, and execution. But, in reality, it is not just technical indicators and chart patterns that affect a trader’s performance. The human mind, with its biases and heuristics, plays a critical role in shaping our decisions — often in ways that undermine our trading success.
Understanding how cognitive biases and heuristics affect our decision-making can help traders improve their strategies, minimize errors, and gain a psychological edge. Let’s dive into some of the most common cognitive traps in the trading world and explore how they can hinder rational decision-making.
1. **Confirmation Bias**
Confirmation bias occurs when traders seek out information or interpret data in a way that confirms their preexisting beliefs or positions, rather than objectively considering all available evidence.
**Example in Trading**:
A trader who believes that a stock will rise may only pay attention to news or technical indicators that support this belief, while ignoring signals that suggest a downturn. This can lead to poor decision-making and missed opportunities for risk management.
**How to Overcome It**:
Traders can counter confirmation bias by deliberately seeking out opposing viewpoints, considering alternative scenarios, and challenging their assumptions regularly.
---
2. **Anchoring Bias**
Anchoring bias occurs when traders rely too heavily on an initial piece of information (the “anchor”) when making decisions, even if it’s irrelevant or outdated.
**Example in Trading**:
A trader might base their decision to enter a trade on a stock’s price at a specific point in time, such as the price at the previous high. Even if market conditions have changed significantly, the trader may become anchored to that original price level, influencing their decision to buy or sell at suboptimal levels.
**How to Overcome It**:
Avoid clinging to arbitrary price levels and continuously reassess market conditions and fundamentals. Create flexible trading rules that consider the latest data.
---
3. **Overconfidence Bias**
Overconfidence bias is when traders overestimate their knowledge or ability to predict market movements, leading to excessive risk-taking.
**Example in Trading**:
A trader who has experienced a few profitable trades may believe they can consistently predict market trends with high accuracy, causing them to take larger positions or use high leverage — which often results in significant losses.
**How to Overcome It**:
Traders should regularly assess their performance, acknowledge uncertainty, and be realistic about their capabilities. A strategy based on proper risk management, including stop-losses and position sizing, can help mitigate overconfidence.
---
4. **Loss Aversion**
Loss aversion is a key concept in behavioral economics, referring to the tendency for individuals to prefer avoiding losses over acquiring equivalent gains. In trading, this manifests as an unwillingness to cut losses, leading traders to hold onto losing positions in the hopes that the market will turn around.
**Example in Trading**:
A trader may refuse to exit a losing position because they fear realizing a loss. This often results in the position bleeding out further, accumulating larger losses.
**How to Overcome It**:
Set predefined exit points or stop-loss orders to enforce discipline. Accept that losses are a natural part of trading, and focus on maintaining a balanced risk-to-reward ratio.
---
5. **Herding Bias**
Herding bias refers to the tendency to follow the crowd and make decisions based on what others are doing, rather than relying on individual analysis.
**Example in Trading**:
A trader may buy into a stock simply because others are buying or because of social media hype, without understanding the fundamentals or technical indicators that might suggest otherwise.
**How to Overcome It**:
It’s important to have a clear strategy and stick to it, even when market sentiment is against you. Independent research and analysis should guide decisions, rather than the actions of others.
---
6. **Recency Bias**
Recency bias is the tendency to give undue weight to recent events and to assume that they will continue in the future. In trading, this often leads to overreaction to short-term market movements.
**Example in Trading**:
After a stock has made a significant upward move, a trader may believe that the trend will continue simply because it has been recent, ignoring historical patterns or broader market conditions.
**How to Overcome It**:
Traders should look at long-term trends, not just recent price action. Implementing a comprehensive strategy based on multiple timeframes can help reduce the impact of recency bias.
---
7. **Endowment Effect**
The endowment effect describes the tendency for people to place higher value on things they own simply because they own them. In trading, this leads to an irrational attachment to assets and positions.
**Example in Trading**:
A trader may be reluctant to sell a losing position because of the emotional attachment to the trade, leading them to hold onto it far too long.
**How to Overcome It**:
Approach each trade with a level of detachment. Regularly assess the value of your holdings based on current market conditions, not emotional attachment.
---
8. **Availability Heuristic**
The availability heuristic is when people make decisions based on what information is most readily available to them, rather than evaluating all possible data.
**Example in Trading**:
A trader may recall a recent news story about a company and make a trading decision based on that single piece of information, without considering a broader range of data.
**How to Overcome It**:
Take a holistic approach to trading. Gather data from a wide variety of sources, including fundamental analysis, technical indicators, and macroeconomic trends, to ensure well-rounded decision-making.
---
9. **Gambler’s Fallacy**
The gambler’s fallacy is the belief that past events can influence future outcomes in random events, even when the events are statistically independent.
**Example in Trading**:
A trader might think that after a series of consecutive losses, a win is “due,” leading them to take larger, riskier trades based on this false assumption.
**How to Overcome It**:
Recognize that markets operate based on probabilities, not patterns that guarantee outcomes. Stick to your strategy and avoid trying to “chase” losses with larger, riskier trades.
---
10. **Framing Effect**
The framing effect occurs when people react to a particular choice depending on how it is presented, rather than based on the actual content or value of the choice.
**Example in Trading**:
A trader may interpret a "loss of $100" as less severe if it's framed as a “small drawdown” compared to a “significant loss,” even if the monetary impact is the same.
**How to Overcome It**:
Always focus on the underlying value and impact of the decision itself. Avoid letting the framing of information distort your judgment.
---
Conclusion: Navigating the Cognitive Minefield
Trading is inherently psychological. While there’s no way to fully eliminate biases, understanding these cognitive traps can provide traders with the tools they need to make more rational decisions. By incorporating strategies that mitigate the influence of cognitive biases — such as disciplined risk management, regular self-assessment, and an adherence to a structured trading plan — traders can enhance their decision-making processes and improve their overall performance.
Awareness is key, and the more we understand about how our minds work in trading, the better we can optimize our actions for success. The markets may be unpredictable, but by reducing the noise created by our biases, we can gain greater clarity in our decision-making.
Nifty levels - Jan 27, 2025Nifty 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!
#Nifty may go much lower than we imagine - ShortGood Morning, friends! 🌞📊
24 Jan 2024 Market View:
🔹 Nifty is currently trading at 23,200.
🔹 It seems likely to find support at the AVWAP of the October low.
🔹 However, if it breaks below this AVWAP level, a bearish trend may emerge.
🔹 In such a scenario, we can adopt a short position with a stop-loss above 23,473.
📉 Short Position Details:
Entry: 23,200
Stop-Loss (SL): Above 23,473
Target: 22,207
Risk-to-Reward Ratio: 2.78
📌 Summary:
This setup provides a favorable Risk-to-Reward ratio, making it an attractive opportunity for those comfortable with the market's direction. Keep a close eye on price action near the AVWAP level and trade cautiously!
📜 Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may not be suitable for all investors. Please do your own research or consult with a professional financial advisor before making any trading decisions. Past performance is not indicative of future results.
Trade safe! 💹✨
NIFTY Levels for January 24, 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 Trading Strategy for 24th January 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 23,280
Targets: 23,320, 23,360, 23,405
Stop-Loss: Below the low of the 15-minute candle that closed above 23,280
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 23,195
Targets: 23,155, 23,105, 23,070
Stop-Loss: Above the high of the 15-minute candle that closed below 23,195
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
Nifty trades and targets for - 24/1/25Hello 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.
23 Jan 2025–23357 still giving a fight, stance still bearishNifty Stance Bearish ⬇
Over the last week, we fell 132pts ~ 0.57%, but most importantly we defended the resistance level of 23357 confidently. On 3 occasions we went above this level, but the bears managed to bring Nifty down to a comfortable position.
Another interesting fact is that we hit a new session low of 22976 this week, not once but twice. Something similar to a W pattern (highlighted in yellow) has formed which may form the base from the new expiry. Also, the budget is on 1st Feb, next Saturday and that may shoot up the volatility.
Even though my positional and sense of direction were right, I failed to make money. The stop loss hit and reversals were so violent by Nifty that it seemed impossible for trend followers to really capitalize on it monetarily.
In case we break 23357, we directly go from bearish to bullish as a neutral stance may not be required in between. If we break the 22976 swing low, the next support comes at 22781, which may get taken out at a single shot. Globally, things look so greeny and the US markets are at the ATHs.
NIFTY MATHEMATICAL LEVELS FOR THIS EXPIRYThese 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
Nifty Intraday Analysis for 23rd January 2025NSE:NIFTY
Index closed near 23155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 113.11 Lakh 23300 Strike – 94.40 Lakh
23200 Strike – 84.95 Lakh
Put Writing
22300 Strike – 113.58 Lakh
23100 Strike – 84.76 Lakh
22900 Strike – 55.47 Lakh
Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 234350 - 23400 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
24-01 Intraday key levelsDear traders, here are the key levels for nifty 24-01-25 and important support and resistance for intraday, based on previous day movement and market trend.
Note: Intraday view only
Nifty Intraday Support & Resistance Levels for 24.01.2025On Thursday, Nifty witnessed a steady session, opening flat to negative but finding support at 23,090.65 during the first 15 minutes. From there, it rallied to a day high of 23,270.80 before closing at 23,215.20, gaining 50 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative.
Demand/Support Zones
Near Demand/Support Zone (5m): 23,100.20 - 23,127.45
Near Demand/Support Zone (15m): 22,986 - 23,029.55
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20
Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 (inside the Daily Supply Zone)
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Outlook
Nifty’s ability to hold the 23,100 support zone indicates resilience, while on upper side, resistance around 23,350 - 23,400 could pose a challenge for further upside. A breakout above 23,500 may signal a move toward higher resistance levels near 23,650 - 23,800.
Nifty at supportFibs-Nifty CMP 23200
Fib- the box method was indicating 26200 as a major resistance from where it corrected. The current zone is a support and in my view it should hold.
NIFTY Analysis for tomorrow trade setup. Nifty short range is 23150 and 23270.
If Nifty consolidate and sustain above 📈 24270 we can see bullish run 🚀 up to 23400-23500.
Either we can down if we break down 📉 23150 and 23000 eventually.
Always keep system stoplpss 🛑 to protect your hard earned money 💵.
Nifty Expiry Support and Resistance Levels for 23rd Jan Nifty may end in sidaways between 23250 to 23270 above and 23140 to 23160 below. Not much movement expecting until proven otherwise a breakout above or below only can trigger a short covering on either side which ever side the BO happens.
Stay away option buyers not your day.Live for another day save your capital.
Educational purpose only ,do your own research before taking entries.
Nifty levels - Jan 24, 2025Nifty 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!
