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Nifty Trading Strategy: 4th November 2024Nifty Trading Strategy: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,305.00 Key Levels: Buy Signal: If the price closes above 24,360 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 24,150 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 24,305.00, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely. Recommendations: Buy: If the price sustains above 24,360 on the one-hour candle close, consider entering long positions with targets at 24,500 and 24,600. Sell: If the price breaks below 24,150 on the one-hour candle close, consider short positions with targets at 24,000 and 23,900. Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
Nifty directions and levels for November 4th.Good morning, friends! 🌞 Here are the market directions and levels for November 4th. Market Overview: In the short term, both global and local markets are showing moderately bearish sentiment. However, today the Nifty is indicating a neutral start. In the previous session, both Nifty and Bank Nifty closed with slight positive gains due to the Muhurat trading. However, the overall structure suggests that there is a clear range-bound market. Therefore, the market may continue to trade within this range today. We can analyze this further by looking at the charts. Nifty Bullish View: From a bullish perspective, if the market experiences a pullback initially, we can expect a continuation of that pullback, reaching a minimum of 78% of the previous high. This is a usual target for range-bound markets. Additionally, if the market consolidates around the 78% level, the breakout continuation could be significant. Nifty Bearish View: The bearish view suggests that if the market declines initially, it could reach a minimum of the minor demand zone or the Fibonacci level of 23% if it breaks below 24,214.
NSE:NIFTY
by Manickamtraders
NIFTY Levels for November 4, 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
NIFTY TO HIT NEW HIGH BETWEEN OCT-DEC 2025seeking a pattern repeat similar to a previous pattern, present trend may consolidate for 8-11 months till the channel gets broken , to breach new all time high of 26277 It will be consolidating phase , overvalued stocks will be squeezed and prices being get adjusted to be fair priced. So please stick with good value stocks , and stay away from euphoria henceforth Dont get allured by fancy quotes Do your own analysis before stepping in Happy investing
NSE:NIFTY
by dinesh123456789
NIFTY50: INSTITUTIONAL LEVELS FOR 04/11/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
Nifty Intraday Support & Resistance Levels for 04.11.2024On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 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 (15m): 24,073.90 - 24,099.10 Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Supply/Resistance Zones Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
1st Nov 2024 - Nifty up 90pts, dropping coverage on BankNiftyNifty Stance Bearish ️⬇️ The Nifty went up by 90 points 0.38% this week, but we are still in a bearish hold and hence are not revising our stance. We saw a good bounce on the 28th morning session and then we gave up some gains in the afternoon session. On Tuesday we started falling initially and then recovered superbly. On Wednesday we held the ground, but on Thursday we fell quite badly. In fact by the 31st of October, Nifty was back at the same levels as on Friday the 25th. Then we had the Muhurat Trading session between 6 to 7 pm on 1st November wherein Nifty bounced a bit and closed at 24304 levels.  Diwali trading usually ends in green because a huge crowd of people buy stocks almost blindly, this could be the reason we saw some buoyancy on Friday. From a weekly perspective, I still maintain the bearish position for Nifty, and the stop loss levels will be a close above 24419.  I am dropping coverage on BankNifty immediately and will also stop trading both algos and manual on this Index. The main reason is that BN has been removed from the weekly expiry due to the SEBI rule that only 1 index can be selected by an exchange for weekly expiries and NSE went ahead with Nifty. Meanwhile, I am adding Sensex to my list and will start publishing technical analysis reports as soon as I start trading on it.
NSE:NIFTYShort
by viswaram
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 04 NOV 202404 NOV 2024 WORLD MARKETS 1. All the world Markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 indicating high volatility. We may see more volatility in the next 2-3 sessions. 2. GIFT Nifty is indicating a flat opening at 24300 which is a crucial resistance area. Support is at 24200. INDEX HEAVY WEIGHTS 1. HDFC BANK is looking bullish. it has support at1720 levels. Next tgt can be 1750 levels. 2. ICICI Bank has support at 1275 levels. We may see a move to 1275 before turning bullish. However structure of ICICI Bank chart is bullish. 3. Reliance is still consolidating between 1350 - 1300 with a negative bias. TRADING PLAN 1. NIFTY OPEN BETWEEN 24328 - 24280 : No Trade. 2. NIFTY OPEN ABOVE 24328 : Wait for a consolidation and break above 24400 decisively. 3. NIFTY OPEN BELOW 24255: wait for a consolidation and break below 24200 decisively. 4.BANK NIFTY OPEN BETWEEN 51775 - 51573 : No Trade. 5.BANK NIFTY OPEN ABOVE 51775: Wait for a consolidation and break above 52040 decisively. Aggressive trader can sell 51500 put for any dip to 51500 - 51600. 6.BANK NIFTY OPEN BELOW 51573: Sell 51800 call for any rally to 51800. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTY
by sam20051968
2
NIFTY Intraday Trade Setup For 4 Nov 2024NIFTY Intraday Trade Setup For 4 Nov 2024 Bullish-Above 24380 Invalid-Below 24330 T- 24600 Bearish-Below 24170 Invalid-Above 24220 T- 24900 NIFTY has formed a halt candle in weekly TF. After continuous selling since 27 Sep it took a pause in weekly TF. 23700 target which was said when index went below 24k is still pending. Also it was said that we need to keep an eye on PDH for trailing the positional short trade. If index closes above PDH then bearish sentiment may take a halt so will close short view then. 24380 and 24170 are intraday levels for tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24380 then we will long for the target of 24600. For selling we need a 15 Min candle close below 24170. T- 23900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
04Nov2024 - NIFTY Predictions (Next Trading Day)1. Which Index Chart is there, date, and Time Frames? Index: Nifty 50 Index Date: November 03, 2024 Time Frames: Daily (1D) Weekly (1W) Monthly (1M) 15-Minute (15M) 2. What support and resistance levels are expected for the next trading day? From the analysis of the daily and weekly charts: Support Levels: Daily: 24,200.00 Weekly: 24,134.90 Resistance Levels: Daily: 24,368.25 Weekly: 24,498.20 3. What will be the scenario for the next trading day? Based on observed trends, price changes, and levels of support/resistance, here's a probable scenarios for market conditions: Market Gap Slight Gap Up Opening Expected to open above the previous close of 24,304.35 Overall Market Direction Bullish Additional Comments Likely to test the resistance level at 24,368.25; could be range-bound if not breached 4. As an options buyer, which strategies or strikes would be most effective? For the upcoming trading day, consider the following strikes based on the analysis of resistance and support levels: Target Strike Price : Near 24,350 (closer to resistance) Suggested Strategies: Buy Call Options : 24,300 and 24,350 Strikes Sell Put Options: 24,200 as a hedge 5a. Calendar Spread Strategy For Calendar Spreads: Ideal Strikes: Daily options: 24,300 (Near ATM) Weekly options: 24,200 (Near ITM) Monthly options: 24,300 (Near ATM) 5b. Daily, Weekly, and Monthly Trends Daily Bullish Weekly Bullish Monthly Bullish 6. Is it Quick Profitable to Trade in ATM, ITM, or OTM? Here's a suggestion based on the current analysis: ATM Trade Open to close on Nov 03 ITM Trade Open to before reaching resistance OTM Don't Trade Avoid during high volatility Additional Consideration Avoid Trading on High Volatility Days to minimize risk, especially if nearing resistance levels that may trigger reversals. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:NIFTY
by JayeshBoradia
NIFTY- Intraday Levels - 4th November 2024If NIFTY sustain above 24310 then above this bullish then 24364 to 24384 above this more bullish then 24473 to 24493 then 24511 to 24528 if day closing above this the we can consider positional bullish view same was added as comment on my 29th Oct idea .. If NIFTY sustain below 24282 then 24275 to 24255 below this bearish then 24166 to 24146 below this more bearish My view (for your study and analysis only, also conside my analysis could be wrong and to safegaurd the trade risk management is must ) is sell on rise. Possible of positive opening but selling may come from good resistance. The view may change in second half of the market as muhurat trading closing is relatively good. Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
2
Nifty Support&Resistance Levels for Monday Nov 4th Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below 24275 Short for targets of 24225,24200,24175,24150. Reversal Areas are 24385 to 24400 to short there with chart pattern and (24275 to 24300) and (24175-24200) to long there check price action on those levels to play reversals.
NSE:NIFTY
by rakeshreddym