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NIFTY trade ideas

18th Oct 2024 - Continuing the bearish stance on Nifty50Nifty Stance Bearish ️⬇️ We went short and Nifty is down 114pts ~ 0.46% in the last week. Even after the crazy price action on the 18th wherein N50 rallied 315pts ~ 1.28% from a new swing low of 24567, N50 is still in the RED territory . 50 and 200 EMA are still diverging showing signs of the bears starting to emerge. But this is not entirely confirmed, the quarterly results season is in play and we could see a pullback or fake bounce any moment. The other issue in our market is that the short covering forces the Bears to run when we pull up, fueling more bullish moves and new ATHs. My stop loss would be 25080 above which I would exit the short position. On the daily TF we have a perfect Head and Shoulders pattern that could materialize over the next 1 month. I hope the bears will remain steadfast till then and not run away.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 21.10.2024On Friday, Nifty opened with a gap down, entering the Daily Demand Zone (24,522.95 - 24,638.80) mentioned earlier. It made a low of 24,567.65 and then bounced back over 300 points to reach a high of 24,886.20. Nifty closed at 24,854.05, gaining 104 points from the previous close and managing to stay above the FIBO 61.8% retracement level (24,804.25). The Weekly Trend (50 SMA) remains positive, but the Daily Trend (50 SMA) is still negative. Nifty Demand/Support Zones for 21.10.2024: Near Demand/Support Zone (Daily): 24,522.95 - 24,638.80 (already tested) Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Nifty Supply/Resistance Zones for 21.10.2024: Near Supply/Resistance Zone (75m): 24,951.75 - 25,059.45 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545 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
NiftySpot Intraday Technical Analysis for 21st October🚀 Unlock the potential with my #NiftySpot Intraday Technical Analysis for 21st October, 2024! 📍 Range Trigger Point: 24854 📅 Day Range: 319 📈 Long Position 🔹 Buy Above: 24765 📊 Average Position: 24727 🎯 Target 1: 25051 🎯 Target 2: 25173 ⛔ Stoploss: 24658 📉 Short Position 🔹 Sell Below: 24689 🎯 Target 1: 24657 🎯 Target 2: 24536 ⛔ Stoploss: 24796 ✨ Subscribe, Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #NiftySpot #TradingSignals #NiftyFuture #MCX #MCXLevels #TradingTips #NiftySpotLevels
NSE:NIFTY
by NumroTrader
Nifty small upmove possibleNIFTY has clear indication now that wave c of wave B is under formation. The recent down move has not touched 127% level, so this down move was clearly wave b of wave B. Now if we use fib extension for target of wave c of wave B, we get cluster around 25422 and 25416 level, where 161.8% extension of wave c and 50% retracement of bigger wave A (which is the maximum target of wave B of Zig-zag). So we have good buying opportunity here with stoploss below 24545 and target of 25420.
NSE:NIFTYLong
by theprofityogi
Nifty intraday levels for 20th Oct 2024Please check the levels on chart Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
NiftyNifty 50 Spot gave a sharp short covering... on last friday after heavy sell off from FII amidst China stimulus and US mkts daily making all time high... Also the results season kicked in with not great numbers.. and already in my view the valuations are too high for nifty. i Still feel technically Nifty's structure is not bullish....but becoming bearish.. for oct we sud close above 25335 eith huge volumes for uptrend toe continue... You can see important reversal points for sellon rise with a SL above 25335 on D/W closing basis... follow for more updates.. like and share with ur friends
NSE:NIFTYShort
by emraldconsul
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 21 OCT 202421 Oct 2024 WORLD MARKETS 1. All the world Markets are trading bullish. INDIA VIX AND GIFT NIFTY 1. India VIX has come down by 2.5% and GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank in anticipation of good result has turned positive. It has resistance at 1686 -1700. It can turn bullish only above this. 2. ICICI Bank is rallying before its result on 25 Oct 2024 just Like HDFC Bank did. It has resistance at 1270. Any move above 1270 may turn Bank nifty bullish along with ICICI Bank. 3. Reliance is still very bearish. Yesterday it has made an indecision candle. As expected it pulled back from 2736 levels. ANALYSIS 1. Bank Nifty has closed decisively above 52000. So 52000 remain a good short term support. So It may trade between 52000 -52700 for a few trading session before making a decision to break out or breakdown. Any opening below 52000 will be considered as bearish. 2. Nifty is still bearish.24975 is a very strong resistance. It can turn bullish only above 25250 levels. Till that time it may remain choppy and trouble Nifty option traders. 3. Better to trade Bank Nifty Monthly option on positive side. Sell put options for any dip. 4. HDFC Bank may show positive move post result which may lift the market. TRADING PLAN 1. NIFTY OPEN BETWEEN 24886 - 24941: Sell put options for any dip to 24770 levels. Call Buying will not a good option as the Nifty can pick up momentum only above 25250 levels. 2.NIFTY OPEN ABOVE 24941: Wait for a consolidation between 24800 and 25050 and buy any break out. 3. NIFTY OPEN BELOW 24760: Sell any rally to 24800 and break below 24750 levels. 4.BANK NIFTY OPEN BETWEEN 51765 - 51479: Buy any dip to 51900 and move above 52095 5.BANK NIFTY OPEN ABOVE 52430: Sell any rally to 52600 levels. 6.BANK NIFTY OPEN BELOW 51760: Buy any consolidation and break above 52000. 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:NIFTYLong
by sam20051968
idea fo NIFTY 50Today while studying the charts of Nifty 50 and Bank Nifty, I saw a very good thing. You all must be knowing this chart pattern very well, maybe it is called Head and Shoulder Pattern The Dark Cloud Cover 2 candle pattern has done its job well. But here there is something different, BankNifty is trading in a bullish pattern while Nifty50 is in a bearish pattern. If my view is that until both the signs appear in the pattern it is better to stay away from the market. What do you guys think? Please comment. This is my view, please do your own analysis and trade at your own risk. thanks
NSE:NIFTY
by vj_Sharma
Next Nifty Target 19900Nifty has taken out the Previous All time high and made a new High, as per my new analysis Nifty will reach 19900 in the coming days. Nifty gave a breakaway gap at major Resistance.. Trade with Bull Call Spread as its 5th Wave in Daily. I have already marked SL for Nifty. SL is nothing but your Weapon which can be used to Jump into the Trade. "Darneka Nahi" if you have a Weapon, Weapon gaya to Nikal Janeka & say "Majoor Hai". Thought of MY GURU which i Follow: Focus on Entry & EXIT & don't look for MTM, always look for Chart.
NSE:NIFTYLong
by sontakkk
3
NIFTY50: INSTITUTIONAL LEVELS FOR 18/10/2024QUICK 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
21 Oct 2024 - NIFTY Predictions (Next Trading Day)1. Index Chart and Time Frames Index: Nifty 50 Date: October 18, 2024 Time Frames: Monthly (1M) Daily (1D) Weekly (1W) 5-Minute (5M) 2. Support and Resistance Levels Daily Chart: Support: Approximately 24,500 Resistance: Approximately 25,000 Weekly Chart: Support: Approximately 24,800 Resistance: Approximately 25,200 Monthly Chart: Support: Approximately 24,000 Resistance: Approximately 26,000 3. Market Scenario for Next Trading Day Expected Opening Likely to open flat or with a slight gap down due to recent bearish sentiment. Market Sentiment Bearish to range-bound, with potential for slight recovery during the day. Timing Initial volatility expected in the first hour, stabilizing by mid-session. 4. Options Strategies Recommended Strikes: ATM: 24,850 ITM: 24,700 OTM: 25,000 Strategy: Consider buying puts at 24,850 and calls at 25,000 for potential volatility. 5a. Calendar Spread Strategy Ideal Strikes: Daily: 24,850 (short-term) Weekly: 24,800 (medium-term) Monthly: 25,000 (long-term) 5b. Trends in Table Format Daily Bearish Support: 24,500 Weekly Bullish Resistance: 25,200 Monthly Bullish Resistance: 26,000 6. Trading Recommendations ATM Trade Best during initial volatility ITM Trade Mid-session stabilization OTM Caution Avoid unless clear signals Better Not to Trade If market shows strong bearish trend early This analysis is based solely on the provided charts and does not account for external market factors. Always consider your risk tolerance and market conditions before making trading decisions. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:NIFTY
by JayeshBoradia
WHY DO TRADERS FAIL?Why Most Traders Fail: Common Psychological Traps Many beginner traders enter the market with a lot of enthusiasm but often leave disheartened after experiencing losses. One of the main reasons for this is not a lack of technical skills or strategy, but rather the inability to manage the psychological aspects of trading. Let’s dive into some of the most common psychological traps and how you can avoid them to become a more successful trader. 1. Fear of Missing Out (FOMO): FOMO is a powerful emotion in trading. It happens when you see a stock or asset rapidly rising, and you feel the urge to jump in late just because everyone else is. This often leads to entering trades at poor levels, where the risk of reversal is high. Why It’s Dangerous: You end up making emotional decisions, ignoring your strategy. How to Avoid It: Stick to your plan and predefined entry/exit points. Remind yourself that opportunities in the market are endless; chasing a missed trade could lead to a bad decision. 2. Revenge Trading: This occurs after a loss, where you try to win back the money immediately by placing irrational trades. Instead of accepting a loss, traders emotionally double down, hoping to recover quickly, often resulting in even bigger losses. Why It’s Dangerous: Trading becomes emotional rather than strategic, leading to a cycle of poor decisions. How to Avoid It: Accept that losses are a part of the game. Take a break after a significant loss to clear your mind, and only return when you can trade objectively again. 3. Overconfidence After a Win: After a string of successful trades, traders may feel invincible and start to ignore their risk management rules. They increase their position size without realizing that the market can turn at any moment. Why It’s Dangerous: Overconfidence leads to taking on more risk than you can afford, which can wipe out profits or even lead to significant losses. How to Avoid It: Stick to your trading plan regardless of recent success. Don’t increase position sizes without a valid reason and proper risk management in place. 4. Greed – Holding On for Too Long: Sometimes, traders hold on to winning trades far too long, hoping for even bigger profits. Instead of taking profits at their target, they let greed take over and end up losing a significant portion of their gains when the market reverses. Why It’s Dangerous: Greed blinds traders to the signals that it's time to exit. How to Avoid It: Set clear profit targets and stick to them. Use trailing stop-losses to lock in profits while allowing for potential additional gains. 5. Not Accepting Losses – Holding on to Losing Trades: Many traders struggle with cutting their losses because it feels like admitting defeat. They hold on to losing trades for far too long, hoping the market will turn in their favor, which often results in deeper losses. Why It’s Dangerous: Holding onto losing trades can drain your capital and emotional reserves. How to Avoid It: Have a strict stop-loss in place for every trade. Accept that small losses are part of trading and necessary for long-term success. Conclusion: In trading, your mindset and emotions can be as critical as your technical analysis or strategy. By recognizing these common psychological traps—FOMO, revenge trading, overconfidence, greed, and refusing to accept losses—you can manage your emotions better and make more objective trading decisions. Always remember: successful trading is not just about big wins; it’s about consistency, discipline, and emotional control. What psychological traps have you experienced in your trading journey? Share your experiences in the comments below and let’s learn together!
NSE:NIFTYEducation
by keshevdugar
2
Nifty Intraday Analysis for 18th October 2024NSE:NIFTY Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 29.80 Lakh 24800 Strike – 24.87 Lakh Put Writing 24800 Strike – 22.58 Lakh 24500 Strike – 22.38 Lakh 25000 Strike – 18.09 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 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
Nifty levels - Oct 21, 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