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NIFTY trade ideas

Nifty 25000 support 25325 1st resistance 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 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:NIFTYLong
by JaiPrakashShuklaHarmonicTrader
NIFTY50- 14-10-2024 - Monday - Reliance Results - today eveningFAILED BREAKOUT: Pre-Open Order NIFTY 50 25,023.45 59.20 (0.24 %) Advances - 36 Declines - 12 Unchanged - 2 "SYMBOL %CHNG ( HIGHEST FREEFLOAT STOCKS TODAY) HDFCBANK 0.31 RELIANCE 0.54 ICICIBANK -0.16 INFY -0.15 ITC 0.57 BHARTIARTL -0.08 TCS -0.22 LT 0.79 AXISBANK -0.08 SUPPORT 25000 STRONG: RESISTANCE 25100 HIGHEST Market can touch both extension of support and extension of resistance today. ** Reliance Results today : So Insiders may look for opposite positions at cheaper rates, hence Caution.
NSE:NIFTY
by ajayekka002
NIFTY Levels for October 14, 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.
NSE:NIFTY
by RainingMoneywithTech
NIFTY50: INSTITUTIONAL LEVELS FOR 14/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
#nifty directions and levels for October 14th.Good morning, friends! 🌞 Here are the market directions and levels for October 14th. Market Overview: There have been no significant changes in the global or local markets. The global market is showing a bullish sentiment, while our local market has a moderately bearish trend. We anticipate a neutral to slightly gap-up opening today, with SGX Nifty indicating a positive +10 points as of 8 AM. In the previous session, Nifty closed with consolidation, while Bank Nifty experienced a minor correction. However, structurally, both are in a range-bound phase. Trading in a range market can be difficult as we may not see clear movement, direction, or option premium. However, if you’re looking to trade, we can consider a breakout entry, which I'll explain in the charts. Nifty: > If the market breaks either above 25,040 or below 24,897, we can enter a breakout trade. Target levels are 25,167 on the upside and 24,810 on the downside. > It is important to note that after a breakout, if the market experiences gradual movements or rejects the immediate support or resistance level, it is likely to close at the same level as it opened today. > On the other hand, if the market consolidates around the immediate support or resistance level after the breakout, the direction is likely to continue.
NSE:NIFTY
by Manickamtraders
Market Mood - 14/10/2024Markets are expected to be rangebound for today as well unless there is a news/event that moves the market abruptly. If the market opens above 24,965 - it will touch 25,700 and might bounce back if the resistance is strong. If the market opens below 24,964 - it will touch 24,772 and then bounce back in the upward movement as the support is HUGE. Else, it will touch 24,165 and will definitely bounce back. Strong Support at 24,964 which combines both the horizontal and parallel support levels. This mid-line has been providing support since the third week of July. GIFT Nifty is trading at 50 points down and the rest of the Asian markets, barring Hong Kong, are trading positive. It seems that the Israel/Palentine/Iran war has been factored in. Resistance based on pivot points: 25,012, 25,038, and 25,080 Support based on pivot points: 24,930, 24,904, and 24,862
NSE:NIFTY
by skymaninvestments
NIFTY - Elliott Wave Outlook Timeframe: Weekly NSE NIFTY began an impulsive move after hitting a low of 15183.4 . Based on the wave count, the price completed wave (5) of wave (3) at 26277.3 and has since started to decline. The price is currently in a wave (4) correction phase. Let’s switch to the daily timeframe for a closer look at the details. Timeframe: Daily On the daily chart with a neckline at 24,750 , we’re observing a bearish head-and-shoulders pattern forming. If the price breaks below this neckline, Nifty could drop significantly, potentially reaching the demand zone or surge point of the pattern. However, if the price fails to break this neckline, it indicates weakness in the bearish momentum, signaling a possible reversal According to the Elliott Wave Principle, if wave 5 is an extended wave, the correction often occurs near sub-wave 2 of the previous impulse, especially if it falls below sub-wave 4. So, 24,570 will be a crucial level for Nifty. We can expect the price to move up by no more than 126% of wave A within the correction. Otherwise, there’s a risk of mistaking wave B for wave 3. Whatever scenario Nifty chooses, it’s better to let Nifty commit to a clear direction before we commit to the market. We will update further information soon.
NSE:NIFTY
by Trade-Technique
7
11th Oct 2024 - Stance is bearish even though we fell only 81ptsNifty Stance Bearish ️⬇️ On a week-to-week basis, Nifty only dropped 81 points, but the real reason I am still bearish is because the pullback we had on the 9th was not powerful enough to take out the last swing low. You can also notice the 50 EMA crossing the 200 EMA from top to bottom. I am using a 63mts custom time frame, but this must be true even for the hourly TF. All this happened even when the global markets were rallying. By the way, the US markets' SPX hit new all-time highs. This shrug-off in our markets may have to do with the new SEBI FnO rules. As a surprise to many, the BankNifty weekly index is getting removed and we will have only one Monthly expiry from December 2024. Has this spooked the markets, I think so. We will discuss that in a while. For the week of 14th to 18th Oct, I wish to start with a bearish stance and then go neutral if 25230 is taken out decisively.
NSE:NIFTYShort
by viswaram
NIFTY INTRADAY LEVELS FOR 14/10/2024BUY ABOVE - 25060 SL - 24970 TARGETS - 25120,25180,25230 SELL BELOW - 24970 SL - 25060 TARGETS - 24890,24800,24700 NO TRADE ZONE - 24890 to 24970 Previous Day High - 25050 Previous Day Low - 24890 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Intraday Support & Resistance Levels for 14.10.2024On Friday, Nifty opened flat to slightly negative, trading within a narrow 100-point range throughout the day. It made a high of 25,028.65 and a low of 24,920.05, eventually closing at 24,964.25, down by 34 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. The support and resistance zones are unchanged from the last update. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
Nifty trades and targets for - 13/10/24Hello Everyone. The market was in a very tight range the previous day. Let the resistance or support range break with 15-minute candle before going for any trades. 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.
NSE:NIFTY
by GOPISRI
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 14 OCT 202414 OCT 2024 WORLD MARKETS 1. World Markets all have turned bullish post consolidation. INDIA VIX AND GIFT NIFTY 1. India VIX is below 14 indicating less volatility. GIFT Nifty is indicating 67 points Uptick at 25025 Levels. This amounts to 51350 Levels for Bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank has closed above 1630 levels in past two trading session. 2. ICICI Bank has turned bearish and has closed below 1228 levels. It has support at 1200 levels. 3. Reliance has resistance at 2765. This is a very strong resistance. We may see further downside in reliance. It has support at 2700 levels. TRADING PLAN 1. NIFTY OPEN BETWEEN 24993 - 24934 : No Trade. 2. NIFTY OPEN ABOVE 24993: Sell any rally to 25100 levels. 3. NIFTY OPEN BELOW 24934: Wait for a consolidation and break below 24850 for taking short position. 4. BANK NIFTY OPEN BETWEEN 51000 -51323: No trade. 5. BANK NIFTY OPEN ABOVE 51323: Sell any rally to 51600 level and break below 51500 decisively. 6.BANK NIFTY OPEN BELOW 51000: Sell any rally to 51250 levels and break below 51100 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.
NSE:NIFTY
by sam20051968
Nifty seems forming H&S, Target upto 23200 if breaks below 24688I am reposting this analysis to support my previous post where nifty is possibly forming H&S pattern and can give breakout on downside, here is the link:- Now I have added Fib retracement taking 04th Low (23179) and recent LTH (26277), with 0.618 Fib retracement the downside target comes (23195) which is inline with H&S pattern breakout target. Also I have added waves to better visualize the moves. The wave in blue is the main correction wave which must form ABC pattern, and we have completed wave A and wave B (smaller wave in green) seems in formation which might go around ~25480 fib level. Then the wave C (wave 12345 in red) is the one which can give the expected fall. The confirmation will come when nifty will break the neckline and then will do a retracement towards it as shown by wave in 2 in red. I have created a post for bank nifty where it compliments the moves with Nifty 50 but bank nifty might not give that much fall if gets support around 49000-49500. That means nifty might also get support at 24000-24200 or else other sectors need to show more correction than banks. Here is the post for the same:- Thanks for taking a look and if you like or find the analysis relevant please like and share. Also comment to provide your inputs which probably I have missed. Thanks! ** This is not a trade advise, just applying chart patterns, wave theory together to predict the possible moves and please do your own analysis before taking any trade.
NSE:NIFTYShort
by brainyAccount81243
"Tomorrow’s Nifty 50 Secret: Trade with 90% Accurate Breakout LeFor tomorrow's Nifty 50 trading based on the chart: The orange levels on your chart (24,948.20 and 25,064.80) are key pivot levels where high-probability trades can be taken. If the market opens below 24,948.20, this level acts as a resistance zone, signaling potential for a selling opportunity as the market may face downward pressure. If the market opens above 25,064.80, it becomes a support zone, signaling a buying opportunity as the market might continue upward momentum. Use the 5-minute timeframe to closely track the price movement. Entry strategy: Buy trade: If Nifty breaks above 25,064.80 and holds, enter a long position for a breakout. This becomes a strong support level if the market opens above it. Sell trade: If Nifty breaks below 24,948.20 and sustains, enter a short position. This becomes a solid resistance level if the market opens below it. These levels are 90% accurate, and the plan is to wait for a clear breakout beyond these orange lines before entering a position. Key takeaway: The direction of the opening will decide whether these levels act as buying or selling zones, making them crucial for your trade setups.
NSE:NIFTY
by XTrap_000
Nifty50 Index: Analysis of Potential Next LevelsIf you closely observe the daily chart for the Nifty50 Index, you’ll notice that Nifty is currently at a long-term support level. Considering the selling pressure and the recent closing candle at this support, Nifty appears set to complete its corrective move towards the 25,400-25,500 range. Following this, there is a possibility that Nifty may fall below 25,000, reaching the next support level around 24,400, which aligns with the lower boundary of a larger channel. This movement aligns with a historical pattern where, at the end of each year, particularly during October-November, the market tends to correct significantly before rallying by 10-15% until February-March. Another factor influencing this scenario is the expected year-end behavior of Foreign Institutional Investors (FIIs). Historically, FIIs book profits and take extended vacations around Christmas. For this reason, they tend to seek better price points to invest significant sums before the year-end, and a market correction provides the opportunity to buy at more favorable levels. Your thoughts and feedback are welcome, as they will help me improve my analysis. Thank you, and let's stay prepared for what lies ahead!
NSE:NIFTY
by PradeepDabane