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NIFTY trade ideas

NiftyTarget 24450 hit continuesly sell on rise until 24750 breakDisclaimer - 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 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTYShort
by JaiPrakashShuklaHarmonicTrader
Will nifty break down further?if focusing on long term trendlines, Nifty grew faster shifting from trendlines 1 to 2 to 3. The slope of trendline 3 is too steep but this trendlines is still maintained. However, this much of slope is not sustainable in long run and there is great probability that this trendline 3 may be broken soon and in that case the price action may take support on trendline 2 which seems sustainable in medium to long term. The trendline 3 will be considered penetrated if 2 successive candle form completely below the line. Wait and watch..
NSE:NIFTY
by rajesh14_xiss
Nifty’s Yoga Routine: Stretching Down to Next Stop,24,223/23,245Nifty’s Yoga Routine: Stretching Down to Next Stop,24,223 or Beachside at 23,245? Nifty's been doing some yoga recently — a full downward dog, that is! With it currently stretching at 24,481, it's got traders sweating, and no, it’s not just because of their broken A/Cs. 📉 It looks like Nifty is headed for a scenic trip down to 24,223 and possibly even the vacation hotspots of 23,435 and 23,245. If you squint hard enough, you might even spot a hammock down there where we can all relax and reflect on our life choices as traders. 🌴 But hey, no need to panic (too much). If you're holding on, just remember: What goes down must come up... right? Or is that just Newton's apple theory? 🍎 Nifty, though, seems to have its own set of rules. Keep those stop losses tight, and maybe grab a snack while you're at it — it's going to be a bit of a rollercoaster. 🎢 Who knows, we might hit the bottom just in time for Nifty to surprise us with a "just kidding!" bounce. In the meantime, let's stay calm, drink some chai, and remember... Nifty always has a plan, even if we have no clue what it is! ☕💆‍♂️
NSE:NIFTY
by DhirajSinghBais
2
PRE MARKET ANALYSIS OF NIFTY ANAD BANK NIFTY FOR 23 OCT 202423 OCT 2024 WORLD MARKETS 1. All the world markets are pulling back to their mean reversion. INDIA VIX AND GIFT NIFTY 1. India VIX is above 14 indicating extremely bearish. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHT 1. HDFC Bank has taken support 1714. Any break of 1710 is bearish for a target of 1680. 2. ICICI Bank is in a range and 1230 is a good support. 3. Reliance has resistance at 2700. Next Target is 2610 which is a good support. ANALYSIS 1. Indices are in a free fall. So any pull back to 21 SMA is a sell. 2. This is also being fuelled by world markets pulling back. TRADING PLAN 1. NIFTY OPEN BETWEEN 24600 - 24350 : Sell any rally to 24600. 2. NIFTY OPEN ABOVE 24600: Sell any rally to 24800 and break below 24700 decisively.. 3. NIFTY OPEN BELOW 24352: Sell any rally to 24500. 4. BANK NIFTY OPEN BETWEEN 51500 - 50960: Sell any rally to 51500. 5. BANK NIFTY OPEN ABOVE 51500: Sell any consolidation between 51700 - 51500 and decisive break below 51500. 6.BANK NIFTY OPEN BELOW 50950: Sell any rally to 51350. 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
Market Taking Support in Hourly Chart –Potential Upward MovementThe market has taken support in the hourly chart implies that the current price level is likely to hold as a short-term floor, with the potential for an upward movement from here. Traders may look for confirmation signals such as bullish patterns, increased volume, positive divergence, or moving average crossovers to enter long positions. However, it's crucial to monitor the support level closely, as any significant breach below it could negate the upward bias and lead to further downside risk.
NSE:NIFTYLong
by sandeshKeni
1
Nifty Intraday Analysis for 22nd October 2024NSE:NIFTY Index closed near 24780 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 81.11 Lakh 25500 Strike – 57.30 Lakh 24800 Strike – 48.01 Lakh Put Writing 24000 Strike – 50.80 Lakh 24500 Strike – 35.15 Lakh 24800 Strike – 32.75 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub
Nifty levels - Oct 23, 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
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level. It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade? *** Nifty is currently above neckline please wait for confirmation ***
NSE:NIFTYShort
by Arvind_Share_Academy