Nifty for Monday 23rd DecNifty can retace to 38.2 or 50% levels and go with downtrend for downside targets of 23350 , if it crosses 23790 we can see some more upside to 23490 for Monday..
NIFTY trade ideas
Weekly Nifty- breakdownNifty weekly candle close is below the major trend line which was in support from 2023, is broken now.
23350 to 23263 is a minor support level from which market can bounce to the trend line for a retest or go back the main trendline support for some retracement levels,
Downtrend can continue once 23263 is breached , we wcan even see 21000 levels, multiple fib levels are there in green zones.. but it may take some time to reach there , this for a medium time range period...
Nifty Intraday key levels for 23.12.24Hi,
* Nifty Intraday key levels for 23.12.24
* Please mark the levels in your chart and get prepared for tomorrow
* These Support and Resistance levels have good accuracy.
Resistance 23780 / 23830
Support 23530 / 23430
* Gap zone 24065 - 24150 will be acting as strong Resistance
* As we are at a strong buying zone, we might witness a strong pull back in coming week
* Below 23300 on daily closing basis, market will witness more weakness
Regards
Bull Man
NiftyPatterns formed on the Chart
1- Head & Shoulder Pattern.
2- Bullish Pennant.
Considering this the Outlook seems neutral with Support & Resistance placed at:
Support
1- 23530
2- 23350
3- 23250
Resistance:
1- 24450
2- 24860
3- 25050.
Anticipating volatility in market due to the following factors
1- Trump Oath Ceremony
2- Union Budget
3- Q3 Earnings.
Note: This is just my view and not a recommendation to place trades based on this. Kindly, do your own research or consult your financial advisor.
500 Points NIfty TradeSame chart formed as we analysed in the morning. entry was bit tricky here but good day.
2 weeks continuously win.
See you next week guys.
Bump-and-Run Reversal TopsA bump-and-run reversal with a pointed-looking first bump, seen in Nifty
Example from US market : Many semiconductor stocks showed similar price patterns in late 1995, setting the stage for an industry-wide downturn. The ultimate low reached in mid-January 1996 comes after a decline of nearly 70%.
Lets see if this bearish pattern follows.. or will Market goes up..
Nifty Intraday Analysis for 20th December 2024NSE:NIFTY
Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 67.06 Lakh 24500 Strike – 67.03 Lakh
24300 Strike – 39.61 Lakh
Put Writing
24000 Strike – 87.98 Lakh
24000 Strike – 66.15 Lakh
23600 Strike – 26.00 Lakh
Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23700 – 23650 range.
Nifty levels - Dec 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.
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Wishing you success in your trading activities!
Nifty - Great Danger - Target 19675Head and Shoulder almost formed on Daily chart.
Next Target marked on the chart.
Nifty ready for one more correctionIf the price closes below B point, there is a free fall of 1700 points. Let's wait for the breakout. This is for educational purposes only.
NIFTY 20-12-2024 FRIDAYSo, pre open was flat with US market at the lower of the ends. We estimated market to fall and take a support at 23656 which we almost achieved by 02:50. Lots of twists and turns in between but our target projections were correct.
Focus that was on:
US market - downward
Nifty top 5 components 1 up 4 downs at pre open.
gold rates up.
So there was sure shot chance of fall. But as always market builds up an entry point before fall. So market moved up and touched 24000 to create an entry point. from where the reversals happened.
This could have also been identified from the option pricing of 24500 & 23500 conjunction which i used in the chart to make decision. The price of 23500 almost move to 37 at 11-12 around before moving downwards.
& resulted in profits.
NIFTY Weekly 3Rd flag Possible (Bull Run Resumes)Hello Everyone,
Nifty Weekly Creating FLAG pattern along with channel trendline support and EMA 50 as support also a RSI oversold conditions. as compare to previous flag if this going to happened then NIFTY 31000 possible till start of 2026 . buy on dips is the strategy for investors.
hope you liked then hit like this will help me to post more technical analysis and ideas.
NIFTY50 - TRENDLINE RESISTANCE - 60min CHARTNIFTY50 - TRENDLINE RESISTANCE - 60min CHART
FIIs and PRO are still selling. Nifty call OI data looks weak. 23300-23000 seems the next stop. Its a Sell on Rise market.
Resistance: 23800, 23900, 24000
Check Nifty50 monthly analysis here...
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For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Nifty Support&Resistance Levels for 20th Dec FridayNifty key levels to watch for Friday are 24025 and 23900
24025 if sustains above long for the targets of 24100,24150,24200.
23900 if sustains below short for the targets of 23850,23800,23750,23670.
Reversal areas are 23850 to 23800 area below and above 24100 to 24200 area. Watch for any rejection pattern to short or long on those levels.
Educational purpose only do your own research before taking entries.
NIFTY Nifty formed head and shoulder patern on Left chart (daily time frame) right chart (weekly time frame)
OPTION TRADING When you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock.
You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
Tricky day 20/12/2024Plan is still short for today. Biased for short because of one more good trend in intraday for continuation of bear trend. Today will be risky day. Book profit after 100-150 points.
Tricky day for today. Trade with small Stop loss. And short biased.
Nifty Short Strangle - Dec 19th ExpiryThis week’s Thursday ( Dec 19th, 2024 ) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date.
The ascending channel’s upper trendline intersects 25400 on Dec 19th.
The descending trend-line intersects 24100 on the same date.
If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400.
Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy.
Risky S&R to watch:
The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
#Nifty directions and levels for December 20th.Good morning, friends! 🌞
Here are the market directions and levels for December 20th.
Market Overview:
Both the global and local markets are maintaining a bearish sentiment. Today, the market may open with a slight gap-down start, as the Nifty is indicating a negative 80 points at 8:00 AM.
In the previous session, both Nifty and Bank Nifty experienced a minor pullback after the long gap-down. Although the structure remains bearish, we can expect a continuation only if it breaks the previous day's low with solid movement. If this happens, we can anticipate a target of 78% in the minor swing.
On the other hand, if the market initially pulls back without breaking yesterday's low, or if it finds support at the immediate support level with gradual movements, then we can expect a pullback of 23% to 38%. This is the basic structure. Otherwise, we can follow the same sentiment that we discussed in the previous session, as nothing has changed.
NIFTY Levels for December 20, 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 Friday Analysis 20/12/2024#NIFTY50
Nifty Friday Analysis
Nifty opened on Thursday and remained in a range throughout the day
If Nifty breaks below 23840 then a good sell-off can be seen
A gap down may open today
Above 24200 is resistance and 24850 is support
Nifty Intraday Support & Resistance Levels for 20.12.2024On Thursday, Nifty opened with a huge gap-down, touching a low of 23870.30, taking support near the 61.8% Fibonacci retracement level, and slightly recovering to a high of 24004.90. It ended the session at 23951.70, breaking below the critical 24000 psychological mark, losing 247 points. This marks the fourth consecutive negative session. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are sideways.
Demand/Support Zones
Near Support: 23872 (61.8% Fibonacci retracement level)
Near Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support: 23263 (low of 21st November 2024)
Far Demand/Support Zone (Daily): 21791.95 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24601.75 - 24698.10
Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested)
Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60
Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
Key Insights
Nifty continues to face strong resistance at 24700 - 25000 levels and has now fallen below 24000, a key psychological level. If 25000 is not reclaimed soon and 23000 breaks, the index could witness further downside or prolonged sideways movement in the coming months.
Trading Strategy for Nifty for 20th December 2024Trading Strategy for Nifty (15-Minute Time Frame)
Key Levels:
Buy Above: The high of the 15-minute candle which closes above 24,010
Sell Below: The low of the 15-minute candle which closes below 23,868
Targets:
Upside Targets: 24,075, 24,125
Downside Targets: 23,825, 23,775
Strategy Details:
Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 24,010, aiming for targets of 24,075 and 24,125.
Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 23,868, aiming for targets of 23,825 and 23,775.
Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital.
Book Profits: Regularly book profits at the specified resistance and support levels.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
