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NIFTY trade ideas

NIFTY 20-12-2024 FRIDAYSo, pre open was flat with US market at the lower of the ends. We estimated market to fall and take a support at 23656 which we almost achieved by 02:50. Lots of twists and turns in between but our target projections were correct. Focus that was on: US market - downward Nifty top 5 components 1 up 4 downs at pre open. gold rates up. So there was sure shot chance of fall. But as always market builds up an entry point before fall. So market moved up and touched 24000 to create an entry point. from where the reversals happened. This could have also been identified from the option pricing of 24500 & 23500 conjunction which i used in the chart to make decision. The price of 23500 almost move to 37 at 11-12 around before moving downwards. & resulted in profits.
NSE:NIFTY
by ajayekka002
NIFTY50 - TRENDLINE RESISTANCE - 60min CHARTNIFTY50 - TRENDLINE RESISTANCE - 60min CHART FIIs and PRO are still selling. Nifty call OI data looks weak. 23300-23000 seems the next stop. Its a Sell on Rise market. Resistance: 23800, 23900, 24000 Check Nifty50 monthly analysis here... If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:NIFTY
by SatpalS
Nifty Short Strangle - Dec 19th ExpiryThis week’s Thursday ( Dec 19th, 2024 ) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date. The ascending channel’s upper trendline intersects 25400 on Dec 19th. The descending trend-line intersects 24100 on the same date. If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400. Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy. Risky S&R to watch: The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
NSE:NIFTY
by Arun_Muthuvijayan
Nifty Intraday Support & Resistance Levels for 20.12.2024On Thursday, Nifty opened with a huge gap-down, touching a low of 23870.30, taking support near the 61.8% Fibonacci retracement level, and slightly recovering to a high of 24004.90. It ended the session at 23951.70, breaking below the critical 24000 psychological mark, losing 247 points. This marks the fourth consecutive negative session. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are sideways. Demand/Support Zones Near Support: 23872 (61.8% Fibonacci retracement level) Near Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support: 23263 (low of 21st November 2024) Far Demand/Support Zone (Daily): 21791.95 - 22910.15 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Key Insights Nifty continues to face strong resistance at 24700 - 25000 levels and has now fallen below 24000, a key psychological level. If 25000 is not reclaimed soon and 23000 breaks, the index could witness further downside or prolonged sideways movement in the coming months.
NSE:NIFTY
by PriteshPal
Trading Strategy for Nifty for 20th December 2024Trading Strategy for Nifty (15-Minute Time Frame) Key Levels: Buy Above: The high of the 15-minute candle which closes above 24,010 Sell Below: The low of the 15-minute candle which closes below 23,868 Targets: Upside Targets: 24,075, 24,125 Downside Targets: 23,825, 23,775 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775. 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. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. 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.
NSE:NIFTY
by ramkkyy
19th Dec24  Strong Entry by the Bears, We Are Back At Sell ZoneNifty Stance Bearish ⬇ The opening hour on Friday really set the tone and I had published in tradingview minds that if we get a close below 24466, it's better to go short. Guess what, we closed below 24466, but the short trade did not really work out then.  Markets are rigged to the core, someone or some institution is really manipulating the markets, because nothing else can justify the 354pts ~ 1.45% down move followed by a 608pts ~ 2.52% upmove. Whoever played it, knew pretty well that it was SENSEX expiry that had to be targetted and it worked out as per their script. How did I guess it was manipulation? Simple, look at the price action on Monday and Tuesday - there was no follow-through and the bull action was just for nothing. In fact the down move was equally powerful as well. We were back at the swing low on the 18th, Wednesday. Markets gave away 600pts over 3 days after rallying 600pts on 13th Dec. Today we fell another 247pts ~ 1.02% mainly because of spill-over effects from the US markets - that ended up tanking 3%. On a week-to-week basis, we are down 2.36% ~ 578pts. Making money is getting more difficult now, especially with the manipulations that are driving up the ITM options prices. What is more alarming is the increased margin requirements on expiry day are really shooting up the prices and I have not figured out the exact quantity/lots that could be taken overnight without getting a margin call. My stance is bearish and would like it if markets are closing near 23350 levels by 26th Dec.
NSE:NIFTYShort
by viswaram
Nifty no buy signal appear, until 24270 not break sell on rise 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 30 % )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 : 50) Target 2- (T2 : 65 %) Target 3-  (T3 : 78%) Target 4-  (T4 : 100%) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTY
by JaiPrakashShuklaHarmonicTrader
Nifty trades and targets for - 20/12/24Hello 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. 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.
NSE:NIFTY
by GOPISRI
PRE MARKET ANALYSIS OF NIFTY FOR 20 DEC 202420 DEC 2024 1. World markets have become jittery due to the US fed chairman hawkish comments. 2. It may settle down in a day or two. 2. Also Dec last week will be usually lacklustre due to the NEW YEAR AND CHRISTMAS. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating increase in volatility. 2. GIFT Nifty is indicating a flat start. INDEX HEAVY WEIGHTS 1. HDFC Bank has turned bearish on a daily chart. However it has made a hammer. 1800 is a strong resistance. 2. ICICI Bank has resistance at 1300. It is looking bearish. 3. Reliance is also very bearish with 1230 as a good support. Break of 1230 will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 23989 - 23915 : NO TRADE. 2. NIFTY OPEN ABOVE 23989: Wait for a break above 24100 decisively. 3. NIFTY OPEN BELOW 23915: Wait for a consolidation and break below 24850 decisivbely. 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:NIFTYShort
by sam20051968
Nifty levels - Dec 20, 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!
NSE:NIFTY
by sacxe
NIFTY50 - ASCENDING CHANNEL - MONTHLY CHARTNIFTY50 - ASCENDING CHANNEL - MONTHLY CHART. Nifty is currently trading within an ascending channel and remains significantly above the 50 EMA. On the weekly chart, it is forming a double bottom pattern. The recent market decline is attributed to the US Fed's rate cut and hawkish commentary. Based on technical analysis, open interest (OI) data, and market news, there is a likelihood of the Nifty reaching the 23,000 level. *This analysis is based on my personal understanding and for learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:NIFTY
by SatpalS
Nifty Correction for today, tomorrow?This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame. - Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model - As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL (Previous Day Low) and also then sub a-wave downside, then we are in good confirmation that market is going downside to complete sub c-wave today/tomorrow. It has to surpass 24550-24500 though - If it goes down, we may have a small demand zone at 24400-24350 (marked in chart as green zone) where price may either consolidate and go upwards or distribute and try to go downside. In short, this will be our checkpoint of next steps after the downside view execution
NSE:NIFTYShort
by champvimal