Nifty 28-11-2024 ExpiryHDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support. by ajayekka0020
Nifty 28-11-2024 ExpiryHDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support. by ajayekka0020
NIFTY Levels for November 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. by RainingMoneywithTech2
#Nifty directions and levels for November 28th.Good morning, friends! 🌞 Here are the market directions and levels for November 28th. Market Overview: The global markets are maintaining a bullish sentiment (based on the Dow Jones only), and our local market is also exhibiting a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 30 points. "There were no significant changes in the previous session. Both Nifty and Bank Nifty remained in consolidation yesterday as well." What about today? We are still within a range, so until we break out of this range, we shouldn't expect a significant move. However, some bullish patterns are forming, such as the flag pattern, cup and handle, and a triangle breakout structure. These indicate that if the market breaks the range, it could lead to a solid movement. Conversely, on the downside, flat patterns are forming, suggesting that if the market declines, we can expect further range continuation. Let’s explain this on the chart. Both Nifty and Bank Nifty are showing similar structural sentiment. Current View: The current view suggests that if the market declines, we can consider it a flat pattern, which means the range market will likely continue. Usually, flat patterns indicate a time correction, so even if the market declines, we can expect a pullback around the demand zone. This is our first variation. Alternate View: The alternate view suggests that a bullish cup and handle pattern is forming. If the market breaks above the top of the range, we can expect a rally continuation. However, we should note the breakout structure: if it breaks the range with a solid candle, we can expect a rally with some minor consolidation. On the other hand, if it breaks the range gradually, it may not rise significantly.by Manickamtraders445
Nifty trades and targets for - 28/11/24Hello 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 GOPISRI2
NIFTY50: INSTITUTIONAL LEVELS FOR 28/11/2024Overview 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.by tony_fx_sm10
NIFTY- Intraday Levels - 28th November 2024 Please note :- not all levels are marked on chart some are marked and some are mentioned below. If NIFTY sustain above 24355 to 24375 then 24398 to 24419 above this bullish then 24493 to24536 or 24555 day close above this can be consider bullish. If NIFTY sustain below 24238 below this bearish then 24146 to 24126 then 24086 below this more bearish day closing below 24000 can be considered 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) Probably sell on rise below 24238 and buy on dip above 24375. in intraday it may give a spike, however my view is opening or first half will be sell on rise, afterwards some shortcovering may come and we may see some bounce. 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.by PrashantTaralkar440
Nifty Intraday Support & Resistance Levels for 28.11.2024On Wednesday, Nifty opened flat and traded within a narrow range. It touched a low of 24145.65 and a high of 24354.55, eventually closing at 24274.90, up by 80 points from the previous close. For the past three days, Nifty has been consolidating in the 24100 - 24350 range, signalling indecision. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating the market is waiting for a breakout. Demand/Support Zones Near Demand/Support Zone (15m): 23856.15 - 23940.30 Near Demand/Support Zone (15m): 23661.75 - 23731.25 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Near Support: 23189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22642.60 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 24447.65 - 24537.60 Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply) Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside Daily supply) Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 A breakout beyond 24350 or a breakdown below 24100 could set the tone for the next directional move. by PriteshPalan1
Nifty Hourly View | Nov ExpiryNifty seems to be in corrective wave abc of B. Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart. Directional move possible only above or below zones shown. More price action can confirm the move. For intraday setup, shown a 15 min chart image.by IMStockwalaUpdated 111
Nifty Intraday Analysis for 27th November 2024NSE:NIFTY Index closed near 24195 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 92.52 Lakh 24300 Strike – 81.50 Lakh 24400 Strike – 57.67 Lakh Put Writing 24000 Strike – 65.25 Lakh 24300 Strike – 51.09 Lakh 24200 Strike – 45.40 Lakh Index has resistance near 24300 – 24330 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24050 – 23950 range and if this support is broken then index may tank near 23850 – 23800 range. by RKMAURYAUpdated 5
#NIFTY50 ..path aheadIndex recently bounced from a 10 month old trend line followed by a gap up that has sustained for 3 days which shows strength , with the current momentum if continued and decisive break of 24,500 zone the momentum could further make a move to the zone highlighted in the chart .Longby srinivasbusy1
#nifty50 - 28th November!!NSE:NIFTY Understand the chart, observe the chart, then implement 👍🏻 Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making.by thetradeforecast111
Nifty 50 Index (hourly timeframe), with key levels This chart appears to be a technical analysis of the Nifty 50 Index (hourly timeframe), with key levels and annotations for potential market behavior. Below is the analysis: ### Key Observations: 1. **Resistance Level (R)**: - Marked at **24,499.40**, indicating a level where bullish momentum may face resistance. - The note suggests "Bull activity may occur after the level is crossed," implying a potential breakout scenario. 2. **Support Levels**: - **S**: **23,907.00** - Identified as "Strong support," indicating a key level where buyers may step in. - **S1**: **23,335.40** - Labeled as the "Strongest support," providing significant backing for the price. - Additional supports (**S2, S3, S4**) at lower levels (**23,023.40**, **22,766.10**, and **22,484.45**, respectively) suggest a deeper retracement path if selling pressure persists. 3. **Bearish Zone**: - The area near **24,277.35** is noted with "Bear activity may occur if the zone is breached." This implies a potential downside risk if the price drops below this level. 4. **Current Trend**: - The price is hovering near **24,277.35**, just below the resistance zone, suggesting consolidation or indecision in the market. - The RSI (Relative Strength Index) is at **65.63**, indicating bullish momentum but nearing overbought levels. 5. **Price Action**: - The chart shows prior rejection from the resistance zone and a subsequent recovery from the strong support levels. ### Potential Scenarios: 1. **Bullish Scenario**: - If the price breaks and sustains above **24,499.40**, a rally could follow, possibly testing higher levels. - RSI crossing into overbought territory could signal strong momentum but also caution for potential reversals. 2. **Bearish Scenario**: - If the price fails to hold above **24,277.35** or breaches **23,907.00**, a retest of lower support levels (**S1, S2**) could occur. - A bearish RSI divergence may support this outcome. 3. **Neutral/Consolidation**: - The price might consolidate between **24,499.40** and **23,907.00**, waiting for a decisive breakout or breakdown. ### Conclusion: The market is at a critical juncture. Traders should monitor key levels for confirmation of direction. Tight stop-losses are advisable near the marked resistance and support zones to manage risk effectively.by AnkurDasTrader224
PRE MARKET ANALYSIS OF NIFTY FOR 28 NOV 202428 NOV 2024 WORLD MARKETS 1. World markets are trading bullish. nothing much to say about world markets. INDIA VIX AND GIFT NIFTY 1. India VIX has closed below 15% and has crashed by 4.5% which is good for bulls. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish and is trading above all time high . 1821 is a resistance but we can consider it will be broken eventually. 2. ICICI Bank on the other hand is consolidating with a negative bias. 3. Reliance is consolidating between 1280 - 1300 with a positive bias. ANALYSIS 1. Nifty and Bank Nifty is consolidating in a tight range of 24150 - 24350 and 52000 - 52500 respectively. 2. we may see the range bound move in Nifty tomorrow because of expiry. However Bank Nifty may react tomorrow. 3. Nifty and Bank Nifty is trading above 200 SMA and hence it is prudent to take long view. 4. However for any dip we can sell 24200 put and wait for a rally to 24350 levels. 5. Life is tough for option buyers. TRADING PLAN 1. NIFTY OPEN BETWEEN 24384 - 24170: NO TRADE. 2. NIFTY OPEN ABOVE 24331: Wait for a consolidation and break above 24370 decisively. 3. NIFTY OPEN BELOW 24170 : Wait for a consolidation and break below 24100 decisively. 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.Longby sam200519680
Option Buying in Nifty 28-11-2024Hey Traders, As i have marked some important levels in Nifty trade, there are high chances that Nifty might move on higher side tomorrow. here are the few steps to follow If buyers are more active in 1st hour then there is high probability that option buying may give good returns tomorrow. if SL hits then will shot the call option (Far OTM) with small SL. P.S:- Tomorrow is Nifty Expiry trade with caution. Happy Trading Thanks by pradyaa2
Nifty: Trend Analysis (Parallel Channel and 200SMA)The current uptrend of nifty has started 23-Mar-23 and since then nifty is rising steadily by following parallel uptrend channel. It has taken support three times. 1. 27-Oct-22 2. 05-Jun-24 3. 22-Nov-24 Nifty has also respected the 200 SMA except for breaking it on 12th Nov 24 and then reclaiming back. Such a trend lasts for at least two years before taking a pause. With Maharashtra election behind, the upcoming key events are: 1. Delhi election – result may not have any major impact. 2. Budget in Feb 2025 Conclusion: in next 2-3 months, we might see brief upsurge till 26000, before nifty cooling off and consolidating and prepare for next up-move. by rampalxyz0
VIEW ON NIFTYBuy zone: 24100-24150 Target 24200/24250/24350/24400 Stop loss 24050 Sell zone: 24350-24300 Target 24250/24200/24150/24100/24050 Stop loss 24400 I am just representing my views For educational purpose only.by dakshb38390
NIFTY Intraday Trade Setup For 28 Nov 2024NIFTY Intraday Trade Setup For 28 Nov 2024 Bullish-Above 24360 Invalid-Below 24310 T- 24632 Bearish-Below 24120 Invalid-Above 24170 T- 23848 NIFTY has closed on a slight positive note with 0.33% gain today. Since last 3 sessions index has been trading sideways between 24350 and 24120. In daily TF index is consolidating just below 50 EMA. On breakout of 50 EMA in daily TF overall bullish sentiment will be triggered across sectors. 24360 and 24120 are intraday levels for tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24360 then we will long for the target of 24632. For selling we need a 15 Min candle closes below 24120. T- 23848. 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. by Omahto13
Option TradingOptions are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. Education19:35by SkyTradingZone16
Nifty levels - Nov 28, 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
"Nifty Swing Trade: Catch the Next Move!Hi All, Sharing my latest view on Nifty: 👉 Target: 24,500+ levels look promising for one good swing. 👉 Stoploss: 23,800 to manage risk effectively. Keep an eye on market trends and trade cautiously. Let me know your thoughts in the comments! #Nifty #SwingTrading #MarketAnalysis #StockMarketLongby WallStreetmnyUpdated 4
bullis HK50 Hk 50 was flat for a long time but today the movement will do nothing.Shortby dineshrajput2636r220
NIFTY INTRADAY LEVELS FOR 27/11/2024BUY ABOVE - 24250 SL - 24180 TARGETS - 24340,24420,24500 SELL BELOW - 24100 SL - 24180 TARGETS - 24000,23890,23780 NO TRADE ZONE - 24100 to 24250 Previous Day High - 24340 Previous Day Low - 24100 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 👍by Jagadheesh_JPUpdated 72