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NIFTY trade ideas

Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800 Current Price: 23,884 Key Levels: Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 23,884, just below the buy signal level. It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200. Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350 Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 23920 SL - 23820 TARGETS - 24000,24100,24180 SELL BELOW - 23820 SL - 23920 TARGETS - 23730,23670,23610 NO TRADE ZONE - 23820 to 23920 Previous Day High - 24250 Previous Day Low - 23820 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 Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.
NSE:NIFTYShort
by rakeshreddym
7
NIFTY50 23300 by 28 Oct 2024To justify the potential decline of the NIFTY50 to the 23,300 level by October 28, 2024, from its current level of 24,840, several key factors must be considered: Global Economic Uncertainty: Escalating geopolitical tensions, especially with conflicts or trade wars involving major economies, could negatively impact investor sentiment. This may lead to capital outflows from emerging markets like India, pushing the NIFTY50 lower. A global recession or a significant slowdown in major economies could exacerbate this trend. Foreign Institutional Investor (FII) Outflows: FIIs play a significant role in the Indian equity markets. Any significant outflow of funds due to risk aversion, reallocation of capital to safer assets could trigger a sharp decline in the NIFTY50 index. Rupee Depreciation: A weakening rupee against the dollar due to global factors or rising imports may hurt investor sentiment. A depreciating currency increases the cost of imports, stokes inflation, and dampens the earnings of sectors reliant on global trade, leading to market volatility. Domestic Political or Policy Uncertainty: With elections in India scheduled for 2024, any uncertainty surrounding the political landscape or fiscal policies can lead to market instability. Investors might adopt a cautious stance, leading to a sharp market correction. Considering these factors, the NIFTY50 could experience a decline of nearly 6% from its current level to 23,300, as investors reassess risk and react to evolving macroeconomic and domestic conditions. this is not a stock advice and any views expressed are for educational purposes only.
NSE:NIFTYShort
by NirajSuryawanshi
NIFTY - At the end of the C Wave - DIAGONAL SEENNIFTY CMP: 23720 - HOURLY CHART attached Primary view being that this is a correction, A=C target is around 23630.. but it wont be done in a straight line. Since this is a 5th of C (or 3rd wave), DIAGONAL formation seems to be getting formed (it looks like one so for now) Wait for the price action to mature.. Not a place to go long or short at this level If the price breaks below 23600, then recount is needed. I am not SEBI Registered. Please consult your Financial Advisor before making any investment decisions
NSE:NIFTY
by Murthy_Santhosh
NIFTY Levels for November 13, 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
#Nifty directions and levels for November 13th.Good morning, friends! 🌞 Here are the market directions and levels for November 13th. Market Overview: The global market is showing moderately bearish sentiment (based on Dow Jones only), and our local market is exhibiting a bearish sentiment as well. Today, the market may open with a neutral to slightly gap-down start, based on the Gifty Nifty showing a negative 30 points. In the previous session, both Nifty and Bank Nifty experienced a solid correction. Structurally, we can expect a further slight correction, and the sub-wave analysis supports this. Currently, on the other hand, we are at the bottom of the range. Additionally, the RSI shows divergence, indicating a probability for a bounce back. Let’s explain this in the chart. Both Nifty and Bank Nifty have the same structural sentiment. Current View: The current view suggests that if the market sustains the gap-down, it could experience a minor bounce back around MDZ. However, this would only be a minor bounce back; after that, if it breaks the previous bottom, then the correction is likely to continue. Alternate View: The alternate view indicates that if the market opens with a gap-up, or if the initial market takes a solid pullback and breaks the 20 EMA, it may hold a range-bound sentiment. This means the market could move to the top of the range. Targets are expected to be a minimum of 38% to 78% of the swing.
NSE:NIFTY
by Manickamtraders
2
NIFTY downside targetsIf we count a single leg for NIFTY, (recent move), we can see Flat Correction. Wave B is returning from the golden ratio of 61.8% We will use the Fib extension to find the target of wave C. We can see that the minimum target of 61.8% has already been crossed. Price now moving for the Rule of equality i.e. 100%. But we can see several Fib clusters near the price range of 23667.40 and 23621.35 So we can expect wave C up to these zones. This analysis is done using Elliott Wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:NIFTYShort
by theprofityogi
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____ Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700. ' USDINR at lifetime high @84.40 overall negative momentum.
NSE:NIFTYShort
by finvestalgo
1