INDIA50CFD trade ideas
Nifty Intraday Support & Resistance Levels for 29.10.2024On Monday, Nifty opened with a gap up, reaching a low of 24,134.90 and a high of 24,492.60 before closing at 24,339.15, up 158 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand and supply zones stay unchanged.
Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within this zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
Nifty - Intraday levels & Prediction for - 29 Oct 2024Nifty Prediction for Tomorrow:
Trend : BULLISH
Sentiment : Positive
Expectation : Strong BULLISH
Look for Buy/Sell at Demand and Supply zone for profitable trades.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Nifty trades and targets for - 29/10/24Hello 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.
VIEW ON NIFTYBuy zone: 24100-24200
Target 24250/24300/24350/24400/24450/24500/
Stop loss 24050
Sell zone: 24500-24400
Target 24350/24300/24250/24200/24150/24100
Stop loss 24550
I am just representing my views
For educational purpose only.
Todays nifty chartPrice Took rejection from demand zone continued the upward moment till supply zone. Supply Zone break out and retested again upward moment continued
Trading made easy
Zone to Zone trading
Nifty Intraday Analysis for 28th October 2024NSE:NIFTY
Index closed near 24180 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 109.37 Lakh
24500 Strike – 75.91 Lakh
24400 Strike – 53.82 Lakh
Put Writing
23500 Strike – 55.52 Lakh
24000 Strike – 52.26 Lakh
24500 Strike – 49.20 Lakh
Index has resistance near 24450 – 23500 range and if index crosses and sustains above this level then may reach near 24650 - 24700 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23900 – 23850 range.
Nifty levels - Oct 29, 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!
NIFTY50 - HEAD & SHOULDERNifty has completed Head & Shoulder Pattern at Daily time frame. If market has to reverse then this is a good level.
If it goes down further then next support levels will be 23890, 23340.
For learning and educational purposes only, not a trading advice.
NIFTY Yearly Levels 2024 ReviewI calculated the yearly Levels for 2024 and published the same in JAN 2024.
Buy Above 22373.07
Buy Targets 23431.82 24484.79 25335.82 26186.86 27398.50 28134.14 30643.96 33399.00
Sell Below 21086.43
Sell Targets 20027.68 18974.71 18123.68 17272.64 16061.00 15325.36 12815.54 10060.50
The Response to the levels is as below
You can see the actionable trades as well for the Long term with a Hedge we can carry such positions
JAN to JUNE 6 Months
JULY to OCT 4 Months
Nifty: Is 63 Day EMA re-test on the cardsNifty has seen a lot of selling in Oct Month
currently Nifty is approx 400 points adrift from 63 day EMA
Nifty has shown some degree of buying since last 1 hour Friday
Can this be take the Nifty to 24750 -24800 odd levels???
Take care & safe trading...!!!
Disclaimer
- the view here is my personal view and does not imply any recommendation
- pls do your own research before taking any financial decision
- consult your financial adviser if need be
- its your hard earned money treat it wisely
Time cycle is saying we are around a bottom Nifty CMP 24392
time Cycle- 14 oct was a major conjunction. Two cycles merging at the same time is a major point in time. In my experience Nifty has bottomed or topped one two weeks before or after around this time cycle.
Trendline- break of the channel and the retest is a good place to look to buy.
In my view this correction is done. Buy stocks post their quarterly results.
Nifty index on Demand ZoneNifty index is on demand zone, Taking multiple rejection on smaller time frame. if sustains we can see an upward movement till Supply Zone .
Pre Market analysis NIFTY 50 - 28th oct 24Market Analysis NIFTY 50- 28 oct 24 - NIFTY opening 24251 , immediate Support - 24288- Pivot till CP 24175 - can be a good dip here if sustains bullish yellow trendline - Below this 24073 -PDL for breakdown
RESISTANCE- 24327 if sustained can be bullish M structure buy on dip ,also to watch out for rejection till 24400 and bigger downtrend continues
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
NIFTY Levels for October 28, 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.
NIFTY50 sell on riseNIFTY can give a intraday bounce till H&S neckline, target 2 and target 3 is still pending on down side. This is sell on rise market, keep non index stock specific approach
NIFTY INTRADAY LEVELS FOR 28/10/2024BUY ABOVE - 24220
SL - 24100
TARGETS - 24340,24450,24530
SELL BELOW - 24100
SL - 24220
TARGETS - 24010,23900,23800
NO TRADE ZONE - 24100 to 24450
Previous Day High - 24450
Previous Day Low - 24340
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
25th Oct 2024 - Had a good Bear Run, what is the new base? N50Nifty Stance Bearish ️⬇️
We fell 649pts ~ 2.61% this week and our bearish stance from the prior week helped us gain some money. My October PnL was in deep red, thanks to the abrupt swings in between - but the unidirectional move this week was a real blessing and I was able to cut down my losses.
The Head and Shoulders position that we published on the daily time frame is getting played out (hope so). For the first time in many months, Nifty's bottom is not getting dip bought and the pattern has changed to sell on rise. I honestly do not remember the last time Nifty had the sell on rise characteristics.
I wish to maintain the bearish stance till 24333 is not getting taken out conclusively and deep down, I hope that the Bear run continues till the excesses get thinned off.
nifty 50 support levels, 23161 also possibe.support levels, lets see where nifty heading.23161 also possible, lets see how nifty performs.
BOTTOM done for NIFTY..?As we can despite the strong fall, NIFTY can be seen trading at important demand zone and heading towards important psychological level hence we might see NIFTY reaching 28000 levels but this zone can be used for accumulation of stocks offering great value hence we can start value investing from here, let’s say 30 percent cash can be brought and average later on till 28000 levels so plan your trades accordingly!!
Nifty Projection & expected chart till 2029I believe that the rally of April 2003- Jan 2008 will be eventually duplicated between Jan 2020 - April 2029.
The theory is as per follows:-
1. The rally of 2003-08 was in several but majorly 3 phases of rally and sharp corrections.
2. The bull market of 2020-29 will be a 10x multiple but with same percentage returns (absolute returns) in twice the time period; So for example Nifty took 9 months from Apr 2003-Dec 2003 to go up from 930 to 1900 approx 100% return whereas the same percentage retun at 10x scale from approx 8-9k to 18k ie 100% return this time took April 2020-Oct 2021 ie 18 months approx.
3. Since the rallies are taking double the time this time hence the corrections are only 50% of the percentage corrections that happened during 2003-08 phase.
nifty sell on rise can see 23400nifty 24300 retaste sell on rise
beriash can see some bounce at 24000
dont long just wait for closing below 24000 good blood bath in nifty
can touch 23400 tgt
if opened gapdown, wait for retaste, flat wait for retaste or 24100 broken
Nifty Intraday Support & Resistance Levels for 28.10.2024On Friday, Nifty opened slightly positive but faced heavy selling pressure, hitting a low of 24,073.90 before closing at 24,180.80, down 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Nifty dipped deep into the weekly demand zone (23,893.70 - 24,419.75), even breaching the daily demand zone (24,099.70 - 24,196.50) before recovering around 150 points from bottom in the final hour of trading.
Demand/Support Zones:
Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (current price within zone)
Far Demand/Support Zone (Daily): 23,350 - 23,667.10
Supply/Resistance Zones:
Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45
Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
