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NIFTY trade ideas

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
"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
Let's Kill The Bad Trading HabitsHello friends, hope you all are well, so today first of all I would like to wish you all a very happy Dussehra festival so as we all know that this festival is celebrated as a symbol of the victory of good over bad because on this day Lord Rama had conquered Lanka by killing Ravana, so similarly there are some bad habits in trading and only by overcoming those bad habits we can become a successful trader, so let's talk about some such habits and their solutions. Bad Habits in Trading: A Detailed Guide to Avoiding Common Pitfalls-: Trading financial instruments such as stocks, forex, and cryptocurrencies can offer lucrative returns, but it’s also full of risks. While external factors like market volatility are unavoidable, bad habits developed by traders can amplify losses and limit long-term success. This publication will explore these bad habits and how to avoid them to become a more disciplined and successful trader. 1. Overtrading Overtrading happens when traders place too many trades, often driven by impatience or a desire to recover losses quickly. It can lead to poor decision-making and excessive transaction costs. 🚩Why It’s Harmful-: Increases fees and commissions. Leads to emotional exhaustion. Reduces the quality of analysis on individual trades. 🚩How to Avoid-: Create a trading plan and follow it strictly. Set limits on the number of trades per day or week. Take breaks between trades to regain mental clarity. 2. Ignoring a Trading Plan A trading plan defines strategies for entering and exiting trades, risk limits, and goals. However, many traders abandon their plans in favor of impulsive decisions, often leading to losses. 🚩Why It’s Harmful-: Leads to emotional trading based on fear or greed. Increases the chances of making random, poorly thought-out trades. 🚩How to Avoid-: Write a detailed trading plan and stick to it. Regularly review and refine your plan based on market experience. Avoid deviating from the strategy just to chase profits. 3. Failing to Manage Risk Risk management is essential in trading. Traders often make the mistake of not setting stop-losses or risking too much of their capital on a single trade. 🚩Why It’s Harmful-: One bad trade can wipe out a significant portion of your capital. Creates emotional stress when trades go against you. 🚩How to Avoid-: Use stop-loss orders to limit potential losses. Only risk a small percentage (e.g., 1-2%) of your trading capital on each trade. Diversify your portfolio to spread risk. 4. Chasing the Market Chasing the market involves entering trades based on recent price movements without proper analysis. This behavior is usually driven by fear of missing out (FOMO). 🚩Why It’s Harmful-: Leads to poorly timed trades. Often results in buying at the peak or selling at the bottom. 🚩How to Avoid-: Stick to your technical or fundamental analysis before entering a trade. Be patient and wait for the right setup instead of reacting to every price movement. 5. Emotional Trading (Fear and Greed) Emotions like fear and greed are powerful forces in trading. Greed can make traders hold onto winning positions for too long, hoping for larger profits, while fear can lead to premature exits from trades. 🚩Why It’s Harmful-: Causes traders to hold losing positions too long out of hope. Leads to poor decision-making when markets turn volatile. 🚩How to Avoid-: Practice mindfulness and maintain emotional control. Set realistic profit targets and stick to them. Use a trading journal to analyze emotional triggers and improve decision-making. 6. Averaging Down on Losing Positions Averaging down refers to adding more capital to a losing trade in the hope that the market will eventually turn in your favor. While it may work occasionally, it can also deepen losses. 🚩Why It’s Harmful-: Increases exposure to a trade that may never recover. Ties up capital that could be used for better opportunities. 🚩How to Avoid-: Set predefined exit points for both profits and losses. Avoid emotional attachment to trades—be willing to cut losses. 7. Neglecting to Keep a Trading Journal Many traders fail to maintain a record of their trades and the reasons behind them. A journal helps in identifying patterns, mistakes, and areas for improvement. 🚩Why It’s Harmful-: Traders repeat mistakes without realizing it. Misses out on learning opportunities from past trades. 🚩How to Avoid-: Keep a trading journal with details of each trade (entry, exit, rationale, outcome). Review the journal regularly to spot trends and improve your strategy. 8. Not Staying Updated with Market News Financial markets are heavily influenced by news events, including economic reports, geopolitical developments, and corporate earnings. Ignoring these updates can result in unexpected losses. 🚩Why It’s Harmful-: Traders may be blindsided by sudden market changes. Missed opportunities from news-driven price movements. 🚩How to Avoid-: Stay updated with reliable news sources and economic calendars. Develop a habit of checking market trends before opening trades. 9. Using Excessive Leverage Leverage allows traders to control larger positions with a smaller amount of capital, but it can magnify both profits and losses. Misusing leverage is a common reason many traders lose money. 🚩Why It’s Harmful-: Amplifies losses, sometimes leading to margin calls. Increases emotional pressure due to the higher stakes. 🚩How to Avoid-: Use leverage cautiously and understand its risks. Limit leverage to a comfortable level, especially as a beginner. 10. Lack of Patience and Discipline Trading requires patience and discipline, yet many traders become restless and trade impulsively. This behavior can erode profits over time. 🚩Why It’s Harmful-: Leads to entering trades without proper setups. Increases the risk of emotional decision-making. 🚩How to Avoid-: Cultivate patien-ce by focusing on long-term goals rather than short-term profits. Set daily or weekly performance goals based on discipline, not just profits. Conclusion Trading successfully requires more than just market knowledge—it demands emotional control, discipline, and a well-defined strategy. Bad habits like overtrading, ignoring risk management, and emotional decision-making can quickly erode profits. To become a consistent and profitable trader, it is crucial to recognize these habits, avoid them, and continuously refine your trading strategy. By building good habits—such as sticking to a trading plan, managing risk, and journaling your trades—you can navigate the markets more effectively and increase your chances of long-term success. Hope you like my writeup Best regards- Amit
NSE:NIFTYEducation
by AMIT-RAJAN
13
Nifty still no buy signal on harmonic pattern so fresh low makeDisclaimer - 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:NIFTYShort
by JaiPrakashShuklaHarmonicTrader
Nifty Intraday Analysis for 11th October 2024NSE:NIFTY Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 39.93 Lakh 25500 Strike – 32.55 Lakh 25200 Strike – 29.59 Lakh Put Writing 25000 Strike – 46.75 Lakh 24900 Strike – 19.80 Lakh 25100 Strike – 15.98 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
NIFTY50: INSTITUTIONAL LEVELS FOR 11/10/2024QUICK 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 levels - Oct 14, 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 Spot Daily Chart AnalysisNifty Spot CMP@25020 Why Averages Play a Very Important Role In Technical Analysis.In Short Term 20& 50 DEMA plays a very Important Role in Uptrend it plays as a crucial Support. Now Nifty is Hovering around 50 DEMA Placed@25045.Weekly close Below 25000 will be Bearish For Nifty with key Reversal Point@25250. Closing below 20&50 DEMA Can lead the Nifty Towards 100 DEMA Placed@24430 any Close Below 24430 Can Lead the Nifty Towards 200 DEMA Placed@23325. The Key Reversal Point Will be Closing Above 25250. Disclaimer:-This Analysis is only for educational Purpose,Don't Take Any trade based on this Consult ur SEBI registered Advisor for the SAME.
NSE:NIFTY
by rkalunge