NIFTY trade ideas
NIFTY Intraday Trade Setup For 12 Nov 2024NIFTY Intraday Trade Setup For 12 Nov 2024
Bullish-Above 24280
Invalid-Below 24230
T- 24500+
Bearish- Below 24050
Invalid-Above 24100
T- 23775
NIFTY has closed with slight cut of 0.64% last week. It has formed a spinning top candle in weekly TF which indicates either halt of ongoing selling which later can result into reversal on further confirmation or a continuation below its low- 23800. Overall market is sell on rise till it regains 50 EMA in daily TF. 24280 and 24050 are intraday levels.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24280 then we will long for the target of 24500+.
For selling we need a 15 Min candle close below 24050. T- 23775.
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.
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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.
Intraday chart for Nifty 11.11.24* Nifty is at Strong support/Demand zone
* Not advisable to add Fresh Shorts at this level
* Fibonacci levels should be respected here
Bearish trend in Nifty(Weekly) (In Hindi)NSE:NIFTY On Indices analysis, we are looking at some of the top Indices at the weekly level. It is clearly visible that Nifty is on the bearish side and holding at key support. The next key support could be 23,500. Last week's bearish candle somewhat engulfed the previous bullish candle, confirming the downtrend.
The rest of the other Indices are also looking at a downward trend with a few exceptions like IT, Pharma & Metal, which have made a double top pattern for a trend reversal.
Nifty Week AheadNSE:NIFTY Marked Major Support and Resistance for Nifty Week Ahead.
Currently Trading Between 50 and 200 DEMA, with a P/E of 22.30 down 8.10% from ATH.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY
Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 53.54 Lakh
24200 Strike – 30.15 Lakh
24400 Strike – 24.48 Lakh
Put Writing
24200 Strike – 27.03 Lakh
23500 Strike – 24.51 Lakh
24000 Strike – 23.55 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Nifty levels - Nov 11, 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.
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Why PRO takes losses and everybody else LOSESTrading isn’t just about making gains—it's about managing losses like a professional. Here are some ideas on what separates amateurs from seasoned traders and how you can elevate your mindset:
Shift from Emotion to Execution:
Pros don't get attached to trades. They let data guide decisions, not emotions. Instead of celebrating a win or stressing over a loss, they focus on consistent execution. Tip: Try setting specific exit rules before you enter a trade, so you’re never swayed by market noise.
Embrace Small Losses to Avoid Big Ones:
Losing trades are inevitable, but pros keep them small. Amateurs sometimes hold onto losses, hoping they’ll recover, while pros cut losses early. Tip: Adopt a strict risk-reward ratio and stick to it. Think of it as a way to protect your capital for future trades.
Every Loss is a Lesson:
Professionals look at every losing trade as data, not failure. They analyze it: Was there an overlooked signal? Did the market behave unexpectedly? They use losses to refine strategies. Tip: Keep a trading journal. Record wins and losses along with your thought process. Patterns will emerge over time.
See Trading as a Business:
For pros, trading isn’t gambling; it’s a business. They’re less concerned with each individual trade and more focused on their overall strategy and risk management. Tip: Calculate your monthly performance, not just individual trades. Aim for consistent, steady growth.
Stay Calm During Drawdowns:
Market conditions change, and even the best traders experience drawdowns. It’s about staying in control, sticking to your plan, and trusting your process. Tip: Take a break if emotions start taking over. Sometimes stepping away can be the best decision you make.
Remember: Trading is a journey, not a sprint. It’s not about winning every trade but about thinking long-term, focusing on learning, and developing resilience. Keep pushing forward, keep learning, and most importantly, keep trading smart!
nifty gave break down of the zone.Nifty gave break down of the zone. and retested the zone on smaller time frame .
If sustains we can see a downward move till FI Zone .
#nifty directions and levels for November 8th.Good morning, friends! 🌞 Here are the market directions and levels for November 8th.
Market Overview:
The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market is showing a moderately bearish sentiment. Today, the market may open with a neutral start, as the Gifty Nifty is indicating a positive 10 points.
In the previous session, both Nifty and Bank Nifty fell solidly, but structurally, they closed in between the swings. Whenever the market breaks the 38% Fibonacci level, we can consider that it's a ranging market. It could also be a range market. Due to global issues and FII selling, there is no clear pathway for a single direction. So, until a clear direction forms, the market could remain range-bound with a bearish bias.
Today, we are going to see four variations. Let’s look at the charts.
Bullish View:
> The bullish view indicates that if the initial market takes a pullback, then structurally it could be rejected around the immediate resistance level. If this happens, we can expect the correctional targets to be today’s opening price and the next to the yesterday low.
> However, if the pullback has a solid structure, it could reach the second resistance level (which is the 78% level of the minor swing) because an ideal target in a range market is 78%, which is why I mentioned that level.
Bearish View:
> The bearish view suggests that there is a single sub-wave bending, so if the market breaks the previous day's low, then the immediate support may act as a strong support level. If this happens, we can expect a minimum bounce back of 23% to 38%.
> Alternatively, if it breaks that level solidly, then the correctional trend will likely continue.
NIFTY Levels for November 8, 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.
NIFTY MATHEMATICAL LEVELSThese Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking candle.
* Targets will be another level marked on chart
* Stop Loss will be Low/High of that Breaking Candle.
* Trail your SL with every candle.
* Avoid Big Candles as SL will be high then.
* This is one of the Best Risk Reward Setup.
For Educational purpose only
Nifty trades and targets for - 8/11/24Hello Everyone. The market was in a bearish 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.
NIFTY50: INSTITUTIONAL LEVELS FOR 08/11/2024Overview
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
Color Coded Lines:
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.
Nifty Intraday Support & Resistance Levels for 08.11.2024On Thursday, Nifty opened flat, climbed to a high of 24,503.35, and then slid, ignoring the 15m Demand Zone and reaching a low of 24,179.05. It closed at 24,199.35, down by 284 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. As we've mentioned in earlier posts, it’s a “Sell on Rise” market until a positive trend shift occurs.
Demand/Support Zones
Near Support (30m): 23,842.75 - 23,951.10
Key Support (Daily): 23,350 - 23,667.10
Deep Support: 23,189.88 (61.8% FIBO)
Far Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Resistance (30m): 24,447.65 - 24,537.60
Key Resistance (75m): 24,636.75 - 24,741.45
Major Resistance (Daily): 24,567.65 - 24,978.30
Extended Resistance (Daily): 25,739.20 - 25,907.60
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY
#NIFTYBANK ⚡
Observe, understand, 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.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecast
NIFTY INTRADAY LEVELS FOR 08/11/2024BUY ABOVE - 24250
SL - 24170
TARGETS - 24340,24420,24500
SELL BELOW - 24170
SL - 24250
TARGETS - 24050,23930,23800
NO TRADE ZONE - 24170 to 24250
Previous Day High - 24500
Previous Day Low - 24170
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 👍
#NIFTY50 - 7TH NOVEMBER!!NSE:NIFTY
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.
Ps note: I'm not SEBI Registere 🙏🏻
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 08 NOV 202408 NOV 2024
WORLD MARKETS
1. US markets are looking bullish while Asia and Europe is consolidating with a bearish bias.
INDIA VIX AND GIFT NIFTY
1. INDIA VIX is below 15 indicating reduction in volatility.
2. GIFT Nifty is indicating 42 points uptick at 24250 levels. This amounts to 52050 levels for Bank Nifty.
INDEX HEAVY WEIGHTS
1. HDFC BANK is consolidating with a positive bias. 1730 is still a good support. Any break of 1730 will be bearish.
2. ICICI Bank has closed below 1280. It has support at 1260. It is however trading with a negative bias.
3. Reliance is consolidating between 1330 -1280 levels.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24240 - 24111 : NO TRADE.
2.NIFTY OPEN ABOVE 24280: Wait for a consolidation between 24250 - 24300 and buy any break out.
3. NIFTY OPEN BELOW 242111: Wait for a consolidation between 24150 - 24100 and sell any break down below 24070.
4.BANK NIFTY OPEN BETWEEN 51380 - 52035 : NO TRADE.
5.BANK NIFTY OPEN ABOVE 52380 : Buy any break out above 52400.
6. BANK NIFTY OPEN BELOW 52035: Wait for a consolidation and break below 51850 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.
Nifty tomorrow move expectedjust the view of tomorrow trade, it will take the support level of 24100 and bounce.
