Challenge Day - 3 Nifty decoding We win 2 continue days. Now we will again short tomorrow as retailers are bullish as we can the big candle. All retail trader will be buying and we will short calls. With the new swing low target.
INDIA50CFD trade ideas
NIFTY- Intraday Levels - 11th December 2024**Few levels are marked on chart ..
If NIFTY sustain above 24620 to 24637 above this bullish then 24679 to 24697 important level above this more bullish then 24733 to 24751 then 24840 to 24855 then 24894 to 24912 strong resistance
If NIFTY sustain below 24589 to 24572 then 24555 to 24534 below this bearish then 24473 to 24456 strong support below this more bearish then 24428 to 24411 then 24321 to 24304 will be last hope or 24267 to 24250
My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) is market wating for some news or planing for big movement? As you can see last 3 days are insider candels are made as compared to 5th dec candel.. will it do the same tomorrow something to think about !!.. if you are option writer hedging should be around 24300 day closing below this can be considered bearish untill then we have hope for bullish movement. For tomorrow Probably market will be volatile with buy on dip .
Consider some buffer points in above levels.
Please do your due diligence in trading or investment.
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Nifty trend cup pattern , what next!Today Nifty took support arround 24500 and gave near about 117 points up movement.
Cup pattern is formed on the 10 minutes timeframe. If Nifty break previous day high then it may be continue its uptrend movement.
Major resistance 24666 and major support 24527.
Wait for to complete cup and handle pattern.
Nifty analysis for 11/12/2024.
Nifty is in a range bound cycle after the bullish move from the recent low. 50% Fibonacci levels is acting as a crucial resistance level for the market.
Overall market seems bullish but still the market can take the resistance form fib levels and revert to continue the bearish trend.
The moving averages on the hourly charts are near to the trading price and it can move either way.
Major support levels :- 24500, 24330, 24170
Resistance levels :- 246660, 24770
Wait for the price action near the levels before entering the market.
Example of Head and shoulder, Support become resistance
INDEX: Nifty
PATTERN 1 : Head and Shoulder(Bearish) and Inverse Head and Shoulder(Bullish)
PATTERN 2 : Support become Resistance
PATTERN 1 : Marked in chart (Its not always perfect but its nicely visible)
PATTERN 2 :Nifty was at support of 24800 was above that level or bouncing from same level 3 times and finely broke down that 24800 in Oct 24 and gave good move below that level, now 24800 acting as a resistance.
NOTE: Support and resistance both can be break, always check which side you are that is imp.
For Learning Purposes only
Nifty Intraday Analysis for 10th December 2024NSE:NIFTY
Index closed near 24620 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 110.01 Lakh
24700 Strike – 100.21 Lakh
24800 Strike – 67.86 Lakh
Put Writing
24500 Strike – 67.73 Lakh
24600 Strike – 54.14 Lakh
24700 Strike – 48.34 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Technical Analysis of Nifty 50: Key Levels, Patterns, and BreakThe image appears to show a technical analysis chart of the Nifty 50 index, with indicators, support/resistance zones, and patterns marked on the chart. Here's an analysis:
1. **Key Levels**:
- **Resistance (Seller's Zone)**: Around the 24,664.55 level. A breakout above this level might indicate further bullish activity, as stated in the chart.
- **Support 1**: Near 24,498.75. This could serve as the immediate support level.
- **Support 2**: Around 24,348.90, a stronger support area in case of a downward move.
2. **Chart Patterns**:
- **Morning Star Pattern**: Highlighted near Support 1. This bullish reversal pattern indicates potential buying momentum.
- **Price Action**: The market is consolidating between the Buyer’s and Seller’s zones.
3. **Indicators**:
- **RSI (Relative Strength Index)**: Currently around 53.75, which is neutral. It's neither overbought (>70) nor oversold (<30), suggesting a balanced momentum.
- **Volume**: Increased buying volume in the Buyer’s zone indicates significant interest at lower levels.
4. **Potential Scenarios**:
- **Bullish Scenario**: If the price crosses the seller’s zone, marked at 24,664.55, it may lead to further upside as indicated in the chart.
- **Bearish Scenario**: If the price breaks below Support 1 (24,498.75), it could test Support 2 (24,348.90).
5. **Strategy**:
- Watch for a breakout above the Seller's zone with volume confirmation for long entries.
- Look for price action signals around the Support 1 level for potential buying opportunities if the price retraces.
Would you like a deeper analysis of any particular element?
Nifty levels - Dec 11, 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.
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Wishing you success in your trading activities!
NIFTY and AVWAP - IN NO TRADE ZONENIFTY is sandwiched between the AVWAP from the SWING HIGH and SWING LOW..
Bulls will say we will breakout and runaway with a GAP
BEARs will say, resistance is too strong and rejection will take place here.. We will Gap Down and move lower..
Being retailers, it is wise to stay out.. wait and watch for the price to give us confirmation.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
Expecting a downfall in NiftyOn daily frame chart, I've noticed down that nifty is taking retracement from 0.5 level in downtown pattern and from here we can expect a good fall of around 700-800 points initially.
24500 , 24000 will be most important support for now and below this 23920.
#NIFTY UPDATED CHART#NIFTY UPDATED CHART
Nifty looking bearish.
This will not any buy or sell signal for you.
NIFTY PREDICTION - December Month based on Price ActionView : To be determined
Timeframe: Daily
Notes: The 24,500 range appears to be strong support, while the 24,800 range is expected to act as resistance. Three potential paths have been illustrated in different colors (Green (Bullish), Orange (sideways) and Red (Bearish).
* This is not a trading recommendation; for educational purposes only
( Challenge day 2 ) Nifty Decoding )Trade - 2
Up by 100 points in nifty down trade today as we analysed.
10/12/24 - Find only short trade don't go long. Longs will be trapped. Hold minimum 150 points in nifty tomorrow. Downside.
#nifty volume and data decoding.
NIFTY Pattern (POLE and Flag Pattern) 24900/243501. If Nifty successfully crosses the 24680/690 level then the coming targets will be 24855 and 24980 as per Pole and Flag pattern
2. But if it fails (POLE and Flag pattern Failed) and the Nifty breaks below 24590/570, then the coming targets will be 24370 and 24280.
Advice:
1. If you are doing future then take the option as hedge.
2. If you are doing Option selling, take option buying as hedge.
3. Naked option buyers please take both CALL and PUT for safer side.(So, your total will be more then buying price)
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
NIFTY50: INSTITUTIONAL LEVELS FOR 10/12/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NIFTY Levels for December 10, 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.
#Nifty directions and levels for December 10th.Good morning, friends! 🌞 Here are the market directions and levels for December 10th.
Market Overview:
There have been no significant changes in the global and local markets, and both are maintaining a bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as the Gift Nifty is showing a positive 15 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty maintained a range-bound structure. What about today? We are still in a range-bound market; therefore, we will follow yesterday's levels and sentiments. Until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction.explain this in the chart.
Both Nifty and Bank Nifty have similar sentiments.
Nifty Current View:
The current view indicates that if the market initially pulls back, it could reach a minimum of 24,780, which is a strong resistance level. Until this zone is broken, the range market is likely to continue. However, if it breaks, we can expect the next targets to be 24,905 and 24,956.
Alternate View:
The alternate view suggests that if the market initially declines, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range; if it breaks this level, we can expect a correction.
Nifty Trading Strategy for 10th December 2024Nifty Analysis
Key Levels:
Buy Above: 24,660
Sell Below: 24,580
Scalping Strategy:
Buy Signal : Enter a buy position above the high of the candle which closes above 24,660.
Sell Signal: Enter a sell position below the low of the candle which closes below 24,580.
Time Frames:
Preferred Time Frame: 15-minute chart for better clarity and precision.
Scalping Time Frames: 3-minute or 5-minute intervals for quick trades.
Steps for Scalping:
Monitor the 15-minute chart: Look for candles closing above 24,660 to initiate a buy position.
Set Stop-Loss: Place a stop-loss just below the low of the candle that closes above 24,660.
Monitor the 15-minute chart: Look for candles closing below 24,580 to initiate a sell position.
Set Stop-Loss: Place a stop-loss just above the high of the candle that closes below 24,580.
Scalping: Use 3-minute or 5-minute charts to enter and exit trades quickly based on the signals from the 15-minute chart.
Additional Tips:
Stay Updated: Keep an eye on market news and events that might impact Nifty.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Practice Patience: Wait for clear signals before entering a trade to avoid false moves.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
#NIFTY INTRADAY VIEW#NIFTY INTRADAY VIEW
NOTE : This will not any buy or sell signal for you, Please consult with your financial advisor before jump into any trade.
Nifty sell on rise near 24680-24720 , if break 24730 then buy 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 23.6% )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 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty trades and targets for - 10/12/24Hello 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 moves.
Nifty range breakout I am not sebi registered. This analysis is for my personal use based on my trading philosophy
