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Nifty 50 Index

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NIFTY trade ideas

NIFTY Support and Resistance For NIFTY (NSE Nifty 50), the support and resistance levels are typically determined using technical analysis. These levels represent key price points at which the index is likely to either reverse direction or experience a significant pause in its movement. Since I do not have real-time data access, I'll guide you on how to determine 1-day (1D) support and resistance for NIFTY using common methods. You can apply these techniques using charting tools or financial platforms like TradingView, MetaTrader, or similar platforms that provide real-time market data. 1. Support Level: Support is the price level at which the index tends to find buying interest, causing a potential price reversal or halt in a downward trend. Support is formed at previous price lows or significant levels where NIFTY has bounced up in the past. 2. Resistance Level: Resistance is the price level at which selling interest tends to emerge, preventing the price from moving higher and potentially causing a reversal or a slowdown in upward momentum. Resistance is found at previous price highs or significant levels where NIFTY has previously struggled to break above. Common Techniques to Identify Support and Resistance: Pivot Points (for intraday trading): Pivot points provide a mathematical calculation for predicting potential support and resistance levels for the day. Key pivot levels are calculated based on the previous day's high, low, and close prices: Pivot Point = High + Low + Close 3 Pivot Point= 3 High+Low+Close ​ First Resistance (R1) = (2 × Pivot Point) − Low First Support (S1) = (2 × Pivot Point) − High Second Resistance (R2) = Pivot Point + (High − Low) Second Support (S2) = Pivot Point − (High − Low) Fibonacci Retracement: Fibonacci retracement levels are popular for identifying potential support and resistance zones. The key retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 100%. To plot Fibonacci retracement, you identify the significant swing high and swing low on the chart and apply the Fibonacci tool. The retracement levels often coincide with important support and resistance zones. Previous Highs and Lows: Look at past price action, especially the previous day's high and low points. These are often the first areas of support and resistance. Resistance is typically found near the previous day's high. Support is usually near the previous day's low. Trendlines: Drawing trendlines on the chart connecting multiple highs and lows can help identify sloping support and resistance levels. Uptrend support is drawn along the rising lows. Downtrend resistance is drawn along the falling highs.
NSE:NIFTYLong
by EmpireCrown
NIFTY PREDICTIONS.... BEARISH OUTLOOK FOR DECEMBER 2024. I'll try explaining my Nifty chart analysis through Elliot waves. Nifty, again, is likely correcting in a 5-wave pattern. After reaching an ATH of 24274, Nifty's downside waves/correction started towards the end of September. Wave (1) moved in a 5-wave pattern and ended around 24700, as marked in the chart. Wave (2) had a zig-zag pattern and ended around 25200. Wave (3) also had a 5-wave pattern, falling 1.23 times wave 1 to end around 23300 levels. Wave (4)- Nifty is currently in this wave, which is probably in a zig-zag pattern. Wave (4), as usual, notoriously has violent moves on either side, giving challenges to traders. Probable levels of termination of wave (4) are 24800 {0.5 of waves (1-3)}and 25150 {0.618 of waves (1-3). Wave (5) - Assuming wave (4) termination around 25150, we can expect a big correction in Nifty to 22700 levels. This wave (5) alone can cause approximately 10% fall in Nifty. Remember, THE MARKET IS ALWAYS RIGHT. Trade with appropriate stoploss.
NSE:NIFTYShort
by Stock-Holmes
1
NIFTY50 Head & Shoulder Pattern in Weekly Charts₹₹Nifty50 making Head & Shoulder in Weekly Charts with Price range of 3000 points(23266-26277). If Chart Pattern play-out perfectly then Target price range will be 2500-3000 points till 20288 levels. Nifty50 also have a gap on 20288 levels bcoz of Election Results of 4 States on Dec 3,2023 after that rally started. Now Nifty50 can fill this gap if Chart Pattern play-out perfectly. I will wait for Nifty50 to break down 23266-22777 levels zone & closing below 22777 levels. If Nifty50 close below 22777 levels then Short Nifty50 for Targets of 22122, 21777, 21288, 20777 & 20288 with Stop Loss of 23444. But this Pattern will fail above levels of 24555. Most Important we have to carefully watch RELIANCE bcoz it's already at 52 week lows & At Parallel Channel Support in Monthly Charts. If Reliance also give breakdown of channel then it will be easy for Nifty50 to reach all targets. Similarly HDFC BANK at upper Resistance of Parallel Channel in Monthly Charts.
NSE:NIFTYShort
by K_Dyadav
Nifty Week AheadNSE:NIFTY Couldn't Sustain above 100 DSMA. Sell on Rise Structure is Still Playing Well. Aggressive Trader: Short at Current Levels With 100 DSMA as SL. Conservative Trader: Short When it gives Pullback towards R1 or 100 DSMA. Long-Term Investor: Can Add Near S1 and S2. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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.
NSE:NIFTYShort
by Karanshah137
@Nifty 50 Swing/short Term TradeImp NOTE : Entry After 03/FEB/2025 Risky & Normal Trade Risky Entry Above : @23600 Normal Entry Above : @24850 SL Below : @22550, @21080 Targets : @26300, @31000. If you want minimize risks After Entry put SL at last Higher-Low(HL) or follow trend line as SL or Trailing-SL Plz Note : This levels are only for Swing Trade & 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 matter before investing & taking any decision. We are not responsible for any profit/loss you made. Like, Comment & Share
NSE:NIFTYLong
by the_chart_analytics_
Nifty SpotJust for a second.... forget that I am trying to JUSTIFY my ANALYSIS. For another second..... Think in your MIND that I have posted NOTHING AT ALLL except a CHANNEL..... which Literally covers the ENTIRE GAMUT of the ENTIRE SWINGS AND WAVES which all of you have Witnessed so far. There is NO HIDING this from any of you. Now ask yourselves..... what Next ???? and someone amongst you all May want to exchange Notes with Me . I am a Versatile guy.... I dont have any Hangups.... I would want to listen to you and Learn from you. Think..... Kyaa Ho Sakta Hae<<<<<
NSE:NIFTY
by deepgups
2
NIFTY Intraday Trade Setup For 23 Dec 2024NIFTY Intraday Trade Setup For 23 Dec 2024 Sell_1- From 23970 Invalid-Above 24020 T- 23700 Sell_2-Below 23530 Invalid-Above 23580 T- 23230 NIFTY has closed on a bold bearish note with 4.77% cut last week. Last weekend we discussed that index will be buy on dips till index is above 50 EMA in daily TF. On 17 Dec it closed below that. We will still maintain sell on rise approach till it is below 50 EMA and till it closes below previous day low in daily TF. If tomorrow's 10 o'clock range breaks in the upside then chance of rebound is there so keep an eye. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 23530 then we will short for the target of 23230. In case 23970 is tested then we will short from there. T- 23700. 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. ========== 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.
NSE:NIFTY
by Omahto
Nifty Outlook for 2025: Are We Entering a Bear Market?As the selling pressure in Nifty persists, the big question is: will it reverse course and hit new highs, or are we heading for a deeper downturn in 2025? Let’s set aside the noise about why FIIs are selling, DIIs buying, or other market triggers, and focus on what the charts are telling us. What the Charts Say After reaching an all-time high of 26,277.35 on 27th September 2024, Nifty corrected by 11.50%, dropping to 23,263.15 on 21st November 2024. This decline broke the Higher High - Higher Low pattern when it fell below the previous low of 23,893.70 (formed on 5th August 2024). Nifty retraced to make a high of 24,857.75 on 5th December 2024, only to resume its decline. As of 20th December 2024, Nifty closed at 23,587.50, and a break below 23,263 could confirm the start of a Lower High - Lower Low pattern, signalling a potential bearish trend. Key Zones to Watch - Resistance Levels: Strong Weekly Resistance: 24,567.65 - 25,234.05 Near Daily Resistance Zones: 24,149.85 - 24,394.45 and 24,601.75 - 24,781.25 - Support Levels: Near Support: 22,640 - 22,910 Far Support: 21,281 (previous major low from 4th June 2024) Trends & Insights The Weekly and Daily Trends (50 SMA) remain sideways, indicating uncertainty. To confirm a bullish revival, the Nifty must break and sustain above 25,000 - 25,250. Until then, the market appears to favour a "Sell-on-Rise" strategy. A fall below 22,640 could lead to further downside, with 21,281 emerging as a critical support zone. Final Thoughts The coming days are crucial. The market’s direction hinges on whether Nifty can defend key support levels or succumb to the pressure and form a Lower High - Lower Low pattern. What’s your take on Nifty’s outlook for 2025? Share your views in the comments below – let’s discuss! 👇
NSE:NIFTYShort
by PriteshPalan
NIFTY50-pain in short term & reward in long term ....NIFTY50 : 23572.30 NIFTY is in Primary Bull cycle phase (on weekly charts) and in middle of Wave -3, which should take the NIFTY at levels of 33k-43K & finally 55K in next 2 years’ time frame . On immediate basis (on daily chart basis) chart structure suggest it has entered Intermediate level wave -4 correction. Nifty at its crucial support of 200 Simple Moving Average, and on the weak footing. If nifty doesn’t hold these levels, it will open the downside till 20420 levels . Chart structure suggest that still downside risk is open. The support levels are listed below 200 SMA placed @23542 S1- 22557; S2-21675; S3- 20420 Currently Nifty is in price correction mode which suggest it to last till Jan 25, and if followed by time corrections, than Fibonacci level suggest the these correction may last till another 2 quarters (Q1 FY25).
NSE:NIFTY
by DrPrashantVerma
7
Nifty Short term View.Nifty Short term View. Nifty closed last week near trendline Support which is holding the uptrend from the last few years. 23200 is the last hope for Bulls. Below 23200, we may see nifty testing 21600 levels in coming weeks/months. Fresh uptrend in Nifty is only above 25000. Key Levels for next Week: 23200 is major Support for Nifty Next week which is also Daily & Weekly Support. Short level(Aggressive) is below 23200 for the targets of 23080/22780. Long level(defensive, because against the trend) is above 24200 for the targets of 24480/24780. Option sellers can sell the range 23200-24200 for next week. View: Sideways market
NSE:NIFTY
by n99trades
5
Nifty - Is it still Bullish ?I agree Inverted Head and Shoulder pattern failed but short sellers are safe while left out Retail Option Buyers taken long bets are in loss now. As per wave pattern chart is still in last stage of Bullish stage. OI data indicating the same view. If someone manipulating to eat everyone else in market, then can't help. Indian Share market is going out of control these days with someone with bigger money power eating the entire market with manipulations. Our market are in Option Sellers gang control now. Retail Option Buyers better stay away other than long term Investing in Nifty 50 shares.
NSE:NIFTY
by venkatfx
1
Nifty still some dip possible then reversal from 23350-23400Disclaimer - 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 : 61 %) 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