Nifty Intraday key levels for 24.12.24Please refer to the self explanatory key zones and mark the levels in your chart and get prepared for tomorrow.
Nifty
Resistance 23830/23860
Support 23630/23600
Regards
Bull Man
INDIA50CFD trade ideas
Nifty sell on rise given again at resistance area 23650 support 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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Pre Market analysis for 24/12/2024
Pre Market analysis for 24/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for
buying for target 23900 level.
If market opens gap down, wait for retest of yesterday closing, then plan
for selling for target
23500. level.
If market opens gap up, and sustains above 23700
level, then plan for buying for target 23900 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Nifty SpotSo we may have gotten the Bounce BUT we are NOT OUT of the WOODS yet. Please look carefully and RESPECT a CERTAIN FIGURE/%. the 78.6% of the Rise and the 23.6% Retracement of the ENTIRE WAVE are sitting exactly together at 23912-13. Should the market want to move higher, it must 1st Breach above this.... then sustain ... and finally Climb higher in 5 waves to complete wave 1 hourly. So CAUTIOUS is the word now. In the RED ARROWS I have shown you all that the market may hit a BLOCK at 23913 and fall Lower , so study the chart carefully and stay Alert
Nifty Trading Strategy for 24th December 2024Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 1-hour candle that closes above 23,840
Sell Below: The low of the 15-minute candle that closes below 23,680
Targets:
Upside Targets: 23,870, 23,920, 23,980
Downside Targets: 23,630, 23,580, 23,510
Strategy Details:
Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 23,840, aiming for targets of 23,870, 23,920, and 23,980.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,680, aiming for targets of 23,630, 23,580, and 23,510.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
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 directions and levels for December 24th.Good morning, friends! 🌞
Here are the market directions and levels for December 24th.
Market Overview:
The global market is showing a moderately bearish sentiment (based on the Dow Jones). Our local market is also displaying a moderately bearish trend. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty indicates a 15-point negative sentiment.
In the previous session, there was no directional movement, even though it opened with a long gap-up. Structurally, today might continue this sentiment as we are progressing into the 4th sub-wave. We already discussed this in the previous post, so more or less, it will move based on this. Let’s explain this in the charts.
Both Nifty and Bank Nifty are currently showing the same structural sentiment.
Current View:
The current view suggests that if the initial market takes a pullback after some decline or if it opens with a gap-up, then we can expect a continuation of the pullback. Structurally, the 38% retracement could be a major resistance in this variation. As per the wave structure, it is unlikely to go beyond this level. If you find any reversal confirmation, we can consider entering a short position. Conversely, if the pullback breaks the 38% level, it could extend to the next resistance level. This is the basic structure.
Alternate View:
The alternate view suggests that if the gap-down sustains, we can expect a correction to the previous bottom. Until the bottom is broken, the market sentiment could remain range-bound. If it breaks, we can consider that a 5th correctional wave.
Nifty trades and targets for - 24/12/24Hello 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.
Nifty 2025 Outlook - Correction & ConsolidationPast patterns on NIFTY's number-of-months of bull runs followed by number-of-months of corrections indicate, we may be in the first leg of a corrective phase thats likely to last for good part of 2025. Monthly momentum indicators and higher (20 to 30) monthly moving average patterns also aligns with this projection.
Nifty probably could churn its way to the confluence of support between 20750 to 22000 and cool off the oversold conditions on higher time frames before continuing the next leg of bull run probably between Sep'25 to Jan'26.
Shared for learning purposes
NIFTY Analysis for tomorrow 24 Dec 24As we discussed, the NIFTY sideways structure market has been sideways the whole time today. Also, it opened at +160 and closed at the same point.
If we look at the chart now:
The market is in a consolidation phase. Big players are accumulating the market. I am expecting the market to be sideways in the upcoming 2-3 sessions.
Support levels: 23529, 23361
Resistance levels: 50 EMA, 23930, 200 EMA
If we look at the OI data:
PCR = 0.8, which has increased from 0.7, shows put addition at the lower level. 23500 has good support points for having good PE writing. On higher levels, 24000 is a nice resistance point, as it has a good resistance point. It also considers 50 EMA and 200 EMA.
I am expecting
The market is to be sideways in the range of 23539 - 23930
Reason:
RSI ~ 40 shows a weak bullish structure. (Sideways)
Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish)
PCR = 0.8 indicates bullish bias in the market.
price < VWAP shows a good bullish structure in the market.
Verdict: Sideways
Plan of action:
Sell 23700 CE and Sell 23700 PE hold it in the range. Exit one leg if it breaks to one side.
My Nifty outlook and strategy Here’s my trading strategy for the coming days:
#Nifty Support: 23,568.60 (closing basis)
I expect a bounce in Nifty towards the 24,400–24,500 range, which is around 750–800 points from the CMP.
At this level, many retail traders might initiate fresh long positions. However, I plan to book profits or exit at cost and avoid taking new positions here. My focus will be on collecting cash.
Why?
Because when retail traders go long, Nifty may move towards 24,700. After that, it’s likely to see another round of buying from them. But the very next day, the market might hit a high and then drop so sharply that exiting becomes difficult.
At this point, I’ll look for shorting opportunities or trade in options.
Once Nifty retraces back to 23,400 and bounces from there, I’ll create a list of long-term small-cap stocks to invest in. However, I’ll only invest if Nifty closes above 24,888 with good volume. If not, I’ll stay out.
If the market reverses from there, a fall towards 22,300–22,000 is possible. If this happens, I’ll create a new strategy focusing on micro-cap stocks.
Note: This entire strategy is based on technical analysis and past experience. While charts reflect most market behavior, any fundamental shift can invalidate this analysis. If the market doesn’t follow these levels, I’ll revise my strategy accordingly.
Nifty 2025 Outlook Past patterns on NIFTY's number-of-months of bull runs followed by number-of-months of corrections indicate, we may be in the first leg of a corrective phase thats likely to last for good part of 2025. Monthly momentum indicators and higher (20 to 30) monthly moving average patterns also aligns with this projection.
Nifty probably could churn its way to the confluence of support between 20750 to 22000 and cool off the oversold conditions on higher time frames before continuing the next leg of bull run probably between Sep'25 to Jan'26.
Shared for learning purposes
Nifty | Tuesday 24 Dec'24 | Trading Plan Nifty as mentioned in previous idea, is in C wave. Right now looks like have completed the w of C and in retracement. Two of the possible trade can be done as below:
1. Above the marked 23860, we can enter with target 1 of 23970 and target 2 of 24040 and further trailing with SL of 15 min intraday swing low.
2. Below the marked 23540, we can enter for short with target of 23350 and SL of 15 intraday swing high.
Disclaimer: I am not SEBI certified analyst and this not a buy/sell recommendation. It is only for educational and entertainment purposes.
VIEW ON NIFTYBuy zone: 23600-23700
Target 23750/23800/23875/23925/24000
Stop loss 23550
Sell zone: 23950-23850
Target 23800/23750/23700/24650/23600
Stop loss 24000
I am just representing my views
For educational purpose only.
Nifty for 24th DecFII still bearish today with fresh 9000 shorts on Nifty, 24000 levels they have 55k shorts on Nifty, it would be difficult for Nifty to cross 24k levels in this month, expecting Nifty to retest 23500 levels.. further down depends on price action at 23500.. may be downtrend will happen on Expiry day till then market can do consolidation..closing above 24k , upside possible.. watchout the levels tmrw.
Nifty SpotForget the 15 TF I have posted ON.... This is again a 1 TF Retracement to the upside and not so much to the downside. Now remember this.... Do NOT mix this with a 15 tf retracement. TV wont allow me to post a 1 tf chart hence I have to COPY/PASTE 1TF onto 15 tf. So far so good... Pray you all made Money today. I was VIRTUALLY LIVE untill 2.45 pm.... giving a LIVE Sort of T20 Commentry. I did so bcoz I knew 99.99% here were SHIT scared as to what to do next??? I thought I would Hold their hands and Guide along. The Shorts and the Longs Made gooooooood Money
NIFTY Intraday Trade Setup For 24 Dec 2024NIFTY Intraday Trade Setup For 24 Dec 2024
Bullish-Above 23900
Invalid-Below 23850
T- 24118
Bearish-Below 23530
Invalid-Above 23580
T- 23230
NIFTY has closed with 0.7% gain today. It is a doji candle in daily TF and whole closing gain is contributed though gap up. 23900 and 23530 looks a range as of now. Breakout of this will trigger move either side. Best trade looks in short side as market is sell on rise. Nothing triggered as per trade setup today.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 23900 then we will long for the target of 24118.
For selling we need a 15 Min candle close below 23530. T- 23230.
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.
Nifty Intraday Support & Resistance Levels for 24.12.2024On Monday, Nifty opened with a gap-up, climbing to a high of 23,869.55 before dipping to a low of 23,647.20. It eventually closed at 23,753.45, gaining 165 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is negative.
Demand/Support Zones
Near Demand/Support Zone (15m): 23,537.35 - 23,632.30
Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested)
Far Support Level: 23,263 (low of 21st November 2024)
Far Support Level: 23,189.88 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 23,831.35 - 23,869.55
Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90
Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45
Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
Outlook
As anticipated, Nifty rebounded from the 75m Demand Zone after five consecutive negative sessions and its oversold condition. If the 75m support zone holds, there’s potential for bullish movement toward 24,150 - 24,400.
Nifty levels - Dec 24, 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!
Nifty Intraday Analysis for 23rd December 2024NSE:NIFTY
Index closed near 23590 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 93.22 Lakh 23900 Strike – 39.08 Lakh
24800 Strike – 29.17 Lakh
Put Writing
23000 Strike – 82.65 Lakh
23500 Strike – 67.61 Lakh
24000 Strike – 59.83 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
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RSI divergence indicatorAn RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low.
What is the best RSI setting for divergence?
What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
BUY NIFTY 23700 CE 26TH DEC EXP @ 125 - 130 | NIFTY LONG TRADENIFTY 23700 CE 26TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is currently trading a support level, and we anticipate an upside movement from here towards 23,770 and 23,820. We recommend buying the 23,700 CE (Call Option) with a 26th December expiry in the price range of 125 – 130.
The target levels are 170 and 195, with a stop-loss set at 80.
Regards,
OptionsDaddy Research Team
