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Nifty Intraday Analysis for 9th December 2024NSE:NIFTY Index closed near 24680 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 73.49 Lakh 24700 Strike – 56.70 Lakh 24800 Strike – 40.09 Lakh Put Writing 24500 Strike – 50.72 Lakh 24700 Strike – 45.38 Lakh 24200 Strike – 47.28 Lakh Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Nifty levels - Dec 10, 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
#Nifty directions and levels for December 9th.Good morning, friends! 🌞 Here are the market directions and levels for December 9th. Market Overview: There have been no significant changes in the global and local markets. The global market is maintaining a bullish sentiment (based on the Dow Jones only), while our local market also exhibits a bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 30 points at 8:00 AM. In the previous session, due to the RBI policy, both Nifty and Bank Nifty experienced significant movements but ended with a range-bound structure. What about today? Currently, we are in a range-bound market; therefore, until the range is broken, we cannot expect solid movement. On the other hand, if it breaks either to the upside or downside, we can follow that direction. This is the basic structure; let’s explain this in the chart. Both Nifty and Bank Nifty have similar sentiments. Nifty Current View: According to the Gift Nifty, we can expect a slightly gap-down start, but even if it opens with a gap-down or neutral, it may take an initial pullback. If this happens, then 24,780 will act as a strong resistance. We have already discussed that this is a range market, so if it breaks, we can expect levels between 24,905 and 24,956. On the other hand, if it doesn’t break this level, the range will likely continue. Alternate View: The alternate view suggests that if the gap-down sustains, it could reach 24,552, which is a major support level. Until this support is broken, the market will maintain a range. If it breaks this level, we can expect a correction.
NSE:NIFTY
by Manickamtraders
NIFTY Levels for December 9, 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 09/12/2024Overview 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 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.
NSE:NIFTY
by tony_fx_sm
Nifty until Thursday low not break 24990 possible this weekDisclaimer - 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 27.2% )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 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTY
by JaiPrakashShuklaHarmonicTrader
Nifty view post prices reversing higher Hey Everyone, Update 9/12/2024 Markets witnessed nice short covering last 2 weeks. Many people think the correction is over and bull rally resumed. whats actually happening? Sharing my idea. The actual head and shoulder correction is about to come and the correction is not over yet. what we have actually seen is wave A of the correction and currently the up move is wave B correction of the corrective wave (ABC) which forms the end of right shoulder. Wave C downside is still pending. The sequence of events End of rally happens when valuations are too high and a correction is needed. (26300 levels) 1) Starts to dump which we witnessed in wave A correction of FII selling. ( increased volume in cash market and rise in implied volatility in options market) 2) Then comes the wave B opposite to wave A where everyone thinks the correction is over and rally upside is resumed. This is the stage where market fundamentals are bad but they are not negative . ( like our GDP 5.4% data which is the 21 month low and also GDP for 3 consecutive Quarters trending lower). The end of wave B is the end of right shoulder. (wave pattern ABC) 3) Now comes the wave C , prices move faster and moves in waves of 5 to complete the head and shoulders target. Generally, wave C is at least as large as wave A or 1.618% of wave A. As we have a head and shoulders target, its coinciding exactly with 123% - 131% of Fibonacci extension ( profit booking area) and it will also form a new low and test the lows of elections day ( we have a big wick that is not tested yet.) This is when everyone starts believing that we entered bear market but that's the place where actual correction is over and bull rally resumes or complex correction starts. ( may be triangles or flats with X waves in middle, we can establish that later). But as of now i still think the correction is not over and we may see one very good fall. Disclaimer - This is just my idea, please double check and plan accordingly. Happy Trading!!!!!!!!!!
NSE:NIFTYShort
by dasgaaravishnu
2
NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 24760 SL - 24650 TARGETS - 24860,24950,25020 SELL BELOW - 24650 SL - 24760 TARGETS - 24570,24500,24420 NO TRADE ZONE - 24650 to 24760 Previous Day High - 24860 Previous Day Low - 24650 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 Trade Setup For 9 Dec 2024NIFTY Intraday Trade Setup For 9 Dec 2024 Bullish-Above 24860 Invalid-Below 24810 T- 25150 Bearish-Below 24490 Invalid-Above 24540 T- 24250 NIFTY has closed on a bullish note with 2.27% gain last week. It has changed price structure to bullish above 24400. Now it is likely to be a buy on dip market till it trades above 50 EMA in daily TF. Next hourly resistance is placed near 25250 above that post rejection it may hit ATH again. 24860 and 24490 is the range to wait for breakout for a directional move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 24860 then we will long for the target of 25150. For selling we need a 15 Min candle close below 24490. T- 24250. 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 Trading Levels for 09th December 2024Nifty Trading Levels Buy Setup Entry: If the 15-minute candle closes above 24,730, place a buy order above the high of the candle. Targets: 24,850 24,950 25,030 Stop Loss: Below the low of the breakout candle. Sell Setup Entry: If the 15-minute candle closes below 24,570, place a sell order below the low of the candle. Target: 24,268 Stop Loss: Above the high of the breakdown candle. Disclaimer The above levels are shared for educational purposes only and should not be considered as financial advice. I am not a SEBI-registered analyst. Please consult a certified financial advisor or conduct your own analysis before making any trading decisions. Trading in the stock market involves risk; trade responsibly.
NSE:NIFTY
by ramkkyy
#nifty50 - 9th December!!NSE:NIFTY Understand the chart, observe the chart, implement according to this : 1. Support and Resistance Zones: - Imagine "support" as a safety net—if the price falls, it’s likely to bounce back up from these levels (like 24,373.90). - "Resistance" is like a ceiling—when the price rises, it may struggle to break through higher levels (like 24,857.75 or 25,101.45). 2. Trendlines: - The black diagonal lines are like train tracks guiding the price upward. As long as the price stays between these tracks, the upward journey is likely to continue. 3. Key Areas (Orange Zones): - The orange areas are hotspots where buyers and sellers fight the hardest. If the price enters these zones, it might pause or reverse. 4. What’s Happening Now?: - The price recently hit a high near 24,857.75 (a ceiling) and is now hanging around a lower level, testing its "safety net" around 24,648.10. - It’s like climbing stairs—if the price breaks through the next step (resistance), it could climb higher. But if it slips below the safety net, it might fall to the next step down. 5. What’s Next?: - If the price climbs above 24,857.75, we might see it reach new highs like 24,949.10 or even 25,101.45. - But if it falls below the support, it might drop to the next level around 24,373.90 or lower. In short, this chart tells a story of a market in an upward trend, but it’s at a critical point where the next move could be either up or down. Not a SEBI Registere [/b ]
NSE:NIFTY
by thetradeforecast
1
PRE MARKET ANALYSIS OF NIFTY FOR 09 DEC 202409 DEC 2024 WORLD MARKETS 1. All the world markets are looking bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 15 indicating reduction in volatility. 2. GIFT Nifty is indicating a flat opening at 24650. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish with 1840 as a good support. 2. ICICI Bank has support at 1320. It is bullish. 3. Reliance has resistance at 1327. Good support is seen at 1300. Any break of 1300 will be bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 24642 - 24714 : NO TRADE. 2. NIFTY OPEN ABOVE 24714 : Wait for a consolidation and break above 24750. 3. NIFTY OPEN BELOW 24640: Wait for a consolidation and break below 24500. 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
Nifty Week AheadNSE:NIFTY looks Bullish after 100 DSMA is breached. Support and Resistance have been Marked. 📌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:NIFTYLong
by Karanshah137
PRICE ACTION IS MEANINGLESS?In the world of trading, price action speaks volumes. It’s the foundation of every decision we make in the market. But here's the key point many traders miss: price action alone is not enough.Without the proper context, a big green candle can be just as misleading as a big red one. The context—the story behind the price movement—is what truly tells you whether the market is bullish or bearish. The Power of Context in Price Action Price action is simply the movement of a stock’s price over time. While it may seem obvious that a big green candle signals bullishness and a big red candle signals bearishness, context is what transforms these movements from ambiguous signals into reliable trade decisions. Here’s why understanding the context is crucial: 1. Where is the price in relation to key levels? 2. What is the trend on the larger time frame? 3. Are there any news events or market conditions influencing price action? Example 1: A Big Green Candle at Resistance Let’s say you're watching a stock that has been in a downtrend for the past few weeks. Then, out of nowhere, a big green candle appears. On the surface, this might look like a clear buy signal. However, this price action needs context. - Is this big green candle happening at a key resistance level? - If it is, context suggests that this may just be a short-term rally before the price gets rejected again. - In this case, the green candle isn’t necessarily a bullish sign. It could just be a bearish retracement where price tries to go up but is quickly met with selling pressure. Context: A big green candle at resistance often signals a potential rejection or a false breakout, especially if it's followed by a reversal candle or high-volume selling. Example 2: A Big Red Candle in an Uptrend Now, let’s look at a stock in a strong uptrend. Suddenly, you see a huge red candle. Naturally, many traders might interpret this as a trend reversal or a sign of bearish momentum. However, the context is what tells a different story. - Where is this red candle located? - If this candle shows up during a pullback or consolidation in the uptrend, it may be nothing more than a healthy correction within a larger bullish trend. - A large red candle during an uptrend doesn’t automatically mean the trend is over. Instead, it might just be a natural retracement before the stock continues moving upwards. Context: A red candle in an uptrend could indicate a buying opportunity as part of the trend’s normal behavior. It’s important to see if the price quickly recovers, which would confirm the continuation of the uptrend. Example 3: A Big Green Candle at Support Consider a stock that has been falling but is now approaching a strong support level. At this point, a big green candle forms. On its own, this green candle could look like a bullish signal. But what’s the context? - Is this a reversal at support? - A big green candle at support indicates a potential trend reversal. If the price was in a downtrend and this green candle forms at a strong support level, it may signal the beginning of a new uptrend. - The context of the support level adds credibility to this bullish move, as it indicates that the buyers are stepping in at a historically significant price point. Context: A green candle at support is a strong bullish signal when backed by the right support zone, volume, and additional confirmation like a follow-up candle or a breakout. Example 4: A Big Red Candle During an Uptrend A scenario might also present itself where a large red candle forms after a series of green candles in an uptrend. This might initially signal a bearish reversal. But if you zoom out and look at the bigger picture, the larger context may show that the price is simply testing a higher level before resuming its uptrend. - Is the trend still intact on higher timeframes? - If the larger trend is still intact (say, on the daily or weekly chart), the red candle may just be a minor retracement or profit-taking phase within the ongoing bullish movement. Context: A red candle in a strong uptrend might only indicate a pause rather than a trend reversal. Watch for signs of continuation after the retracement to determine the true direction. The Right Context: A Powerful Trading Edge The key takeaway is that context turns a simple price action pattern into a meaningful signal. A big green candle isn’t automatically bullish, and a big red candle isn’t automatically bearish. You need to ask questions like: - Where is the price relative to key levels (support, resistance, moving averages)? - What is the bigger trend on higher timeframes (daily, weekly)? - Are there any external factors influencing the market (news, earnings, etc.)? Understanding the context allows you to read the market more accurately, make smarter decisions, and avoid falling into the trap of emotional or impulsive trading. Remember:price action without context is just noise. By always considering the bigger picture, you’ll be able to make much more informed and confident trading decisions, and most importantly, stay ahead of the market. Want more insights? Follow for regular price action analysis and advanced trading tips that can help you sharpen your skills and spot profitable opportunities!
NSE:NIFTYEducation
by keshevdugar
2