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Nifty 50 Index

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NIFTY trade ideas

NIFTY 50 index on a 2-hour timeframe, Pattern Identification: The chart shows a potential bullish pattern, likely a falling wedge or a symmetrical triangle, which is often considered a bullish reversal pattern after a downtrend. The pattern suggests that the price might break out upwards. Price Levels: The current price marked on the chart is 24,566.90 INR, with a timestamp of 01:20:22. Resistance and Support: The upper line of the wedge/triangle acts as resistance, while the lower line acts as support. The price has been oscillating between these lines. Volume: There's no volume data visible on this chart, but volume analysis would be crucial to confirm the breakout direction. Typically, a breakout accompanied by high volume is considered more reliable. Timeframe: This is a 2-hour chart, meaning each candlestick represents 2 hours of trading. This timeframe is often used by swing traders. Trend Lines: The trend lines forming the pattern are drawn from the recent swing highs and lows, converging towards the right side of the chart. Potential Breakout: If the price breaks above the upper trend line with significant volume, it might indicate a bullish move. Conversely, if it breaks below the lower trend line, it could suggest further downside. Target Levels: If this pattern resolves to the upside, the price might target the previous highs or significant resistance levels above the pattern, which could be inferred by extending the height of the pattern upwards from the breakout point. Risk Management: If trading this pattern, one might consider placing a stop-loss below the lower trend line or the recent low within the pattern to manage risk. Remember, while this pattern suggests a potential bullish move, it's important to consider other technical indicators, market sentiment, and broader economic conditions before making trading decisions. Also, patterns like these can fail, so risk management is key.
NSE:NIFTYLong
by thejatin
NIFTY Levels for December 12, 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 December 12th.Good Morning, friends! 🌞 Here are the market directions and levels for December 12th. Market Overview: There have been no significant changes in global and local markets, and both continue to maintain a bullish sentiment. Today, the market is expected to open with a neutral to slightly gap-down start, as the Gift Nifty is showing a negative 10 points at 8:00 AM. In the first two trading sessions of the week, there were no major events in either the local or global markets, leading to choppy movements. However, yesterday, the US market had inflation data released. Interestingly, the market did not react significantly to the data, with the Dow Jones ending slightly negative. This indicates that it might not have much of an impact on our market today. What About Today? Even though we are in a range-bound market, the overall bias remains bullish. So, even if the market starts on a negative note or undergoes some initial correction, it is likely to bounce back by the end of the day. On the other hand, if the market pulls back and sustains its levels, we can expect the rally to continue. It's important to note that these scenarios will only unfold if the market breaks the minor range that I mentioned in the chart. Apart from this, all the relevant information has been discussed in the previous sessions, which we can continue to follow for guidance.
NSE:NIFTY
by Manickamtraders
Nifty buy near support sell near resistance, range bound Disclaimer - 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 23.6% )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
INTRADAY chart for Nifty 50The Nifty has been consolidating within a range for the past four days, and with today's expiry, we can expect increased volatility. The following conditions apply: Condition 1: If the market opens with a gap up and holds above the 24,700 level, we can expect an upward move towards the 24,880-24,900 range. However, if the market fails to maintain the 24,700 level after the gap-up, it may slide downwards. Condition 2: If the market breaks down in the first half of the session and we see buying support around the 24,500 zone, this will be an ideal level to enter long positions.
NSE:NIFTY
by PartTimeProfits
Nifty Trading Strategy for 12th December 2024Nifty Trading Strategy Key Levels: Buy Above: 24,700 (on the high of the candle that closes above 24,700 on a 15-minute chart) Sell Below: 24,575 (on the low of the candle that closes below 24,575 on a 15-minute chart) Confirmed Uptrend: Only if it breaks decisively above 24,860 Confirmed Downtrend: Only if it breaks decisively below 24,290 Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 24,700 on a 15-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 24,575 on a 15-minute time frame. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use a stop-loss 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.
NSE:NIFTY
by ramkkyy
NIFTY INTRADAY LEVELS FOR 12/12/2024BUY ABOVE - 24700 SL - 24570 TARGETS - 24760,24860,24950 SELL BELOW - 24570 SL - 24700 TARGETS - 24500,24420,24340 NO TRADE ZONE - 24570 to 24700 Previous Day High - 24700 Previous Day Low - 24570 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
PRE MARKET ANALYSIS OF NIFTY FOR 12 DEC 202412 DEC 2024 WORLD MARKERTS 1. World markets are trading with a bullish bias. INDIA VIX AND GIFT NIFTY 1. India VIX is on downward trend and hence market is consolidating in a broad range. 2. GIFT Nifty is indicating a flat opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is very bullish. It is consolidating with a bullish bias. 2. ICICI BAnk is also consolidating with a bullish bias. 3. Reliance is bearish. It has resistance at 1288. Next Tgt is 1270. TRADING PLAN 1. NIFTY OPEN BETWEEN 24672 - 24612: NO TRADE. 2. NIFTY OPEN ABOVE 24672 : Wait for a consolidation and break above 24750 decisively. 3.NIFTY OPEN BELOW 24612: Wait for a consolidation and break below 24500 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
NIFTY Prediction for Next YearHello Guys, Do not Panic. This is a NIFTY chart prediction for next year. Hope I am proven wrong. BUT: Fundamental investing: This analysis is considering the wars, inflation, interest rates, dollar-rupee, lending, fmcg slow down. Multiple interlocked factors contributing to slow progress for the next year. Technical investing: Based on technical Patterns there is gap up that has not been filled at 20500 level. And as per history, we all know what happens to gap ups. Also I have analyzed multiple year rally-consolidation-fall-rally to come up with this. Emotional investing: I expect to see a lot of people panic, book losses and hold red stocks. This will reduce the investment emotion built over a couple of years. What's the way around: Individual stock investing in the top 200 companies. Find picks that you understand.
NSE:NIFTYLong
by Joker0805
Nifty Intraday Support & Resistance Levels for 12.12.2024On Wednesday, Nifty opened flat to positive, tested a low of 24583.85 and a high of 24691.75 during the session. It closed at 24641.80, gaining 31 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is positive, indicating a cautiously optimistic outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Critical Level: Nifty is facing resistance around 24700. If it fails to sustain above this level, a correction towards 24370 or lower can be expected.
NSE:NIFTY
by PriteshPalan
Nifty 50 Index Chart Analysis 1. **Chart Overview** The Nifty 50 Index chart in a 30-minute time frame is displayed with Heikin Ashi candles. Key features include: **Price Structure**: A head-and-shoulders (H&S) pattern is observed. **Indicators**: Volume, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index) are used for analysis. **Targets and Key Levels**: Marked levels for potential breakout or breakdown scenarios. 2. **Key Chart Features and Pattern Observation** **Head-and-Shoulders Pattern**: **Left Shoulder**: Formed at an earlier high. **Head**: Higher high showing a temporary peak. **Right Shoulder**: A lower high indicates weakening bullish momentum. **Neckline**: Horizontally aligned at **24,510.65**, acting as support. This pattern suggests a bearish setup if the neckline is broken downward. **Bearish Divergence**: Visible on the MACD, indicating weakening momentum despite the price attempting to consolidate near the highs. **Trend Weakness**: The candles show smaller body sizes near the right shoulder, indicating indecision or fading strength. 3. **Indicator Analysis** **Volume**: Volume spikes during the head formation. Declining volume during the right shoulder suggests weakening bullish interest. **MACD**: Displays bearish divergence with lower highs on the histogram compared to price action. MACD line is crossing near the signal line, signaling indecision or potential bearishness. **RSI**: Currently at **58.78**, which is neutral but approaching overbought territory. This reinforces caution for bullish moves. 4. **Key Levels or Price Levels** **Support (Neckline)**: **24,510.65** is a critical level for the head-and-shoulders pattern. **Resistance**: **24,857.75** marks the previous high and the breakout level. **Targets**: **Upside**: A breakout above **24,857.75** could target **25,200** or higher. **Downside**: A breakdown below **24,510.65** could target **24,295.55** or lower. 5. **Overall Summary** The Nifty 50 Index shows a head-and-shoulders pattern, indicating a potential reversal if the neckline is broken. Indicators lean bearish, with MACD divergence and declining volume supporting this outlook. However, the price is still consolidating near critical levels, and confirmation of a breakout or breakdown is needed. 6. **Recommendation or Trading Strategy** **For Bullish Traders**: Wait for a breakout above **24,857.75** with strong volume confirmation. Target: **25,200**. Place a stop-loss just below **24,510.65**. **For Bearish Traders**: Enter short positions on a breakdown below **24,510.65**. Target: **24,295.55**. Place a stop-loss just above **24,857.75**. **Neutral Traders**: Stay on the sidelines until a clear direction is established. 7. **Conclusion** The chart indicates indecision, with bearish signals from the head-and-shoulders pattern and MACD divergence. A decisive breakout above resistance or breakdown below support is required to confirm the next move. Traders should wait for volume and price action confirmation before entering positions.
NSE:NIFTY
by ramumaurya
NIFTY Intraday Trade Setup For 12 Dec 2024NIFTY Intraday Trade Setup For 12 Dec 2024 Buy- Above 24700 Invalid-Below 24650 T- 24850 Bearish-Below 24490 Invalid-Above 24540 T- 24250 NIFTY has closed almost on a flat note with 0.13% gain today. We discussed in the weekend that index will be sideways between 24850 and 24500. Its been three sessions and index is just consolidating between this range. For any directional move we need breakout of this range or else we will still maintain non- directional approach. However 24700 and 24490 can be tomorrow's levels to watch out. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 24700 then we will long for the target of 24850. 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- Intraday Levels - 12th December 2024If NIFTY sustain above 24657 then around 24674 then 24697 to 24711 or 24729 important level above this bullish If NIFTY sustain below 24620 to 24602 below this bearish then 24565 to 24548 or 24536 to 24518 strong support below this more bearish then 24456 to 24439 then 24401 or 24375 to 24357 will be last hope for tomorrow. My view (for your study and analysis only, also consider my analysis could be wrong and to safeguard the trade risk management is must) is market wating for some news or planing for big movement? As you can see last 4 days insider candels are made as compared to 5th dec candel. Due to expire and looking at the OI it seems to be again a insider?.when will market move out of this ? something to think about !!.. if you are option writer hedging s Could be around 24300 for long trades if day closing below this can be considered bearish untill then we have hope for bullish movement. For tomorrow Probably market will be volatile with sell on rise and Friday seems to be buy on dip. Consider some buffer points in above levels. Please do your due diligence in trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
1
Nifty Intraday Analysis for 11th December 2024NSE:NIFTY Index closed near 24610 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 121.28 Lakh 24700 Strike – 114.92 Lakh 24800 Strike – 81.90 Lakh Put Writing 24000 Strike – 94.23 Lakh 24300 Strike – 68.75 Lakh 24500 Strike – 64.48 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
NIFTY50: INSTITUTIONAL LEVELS FOR 11/12/2024Overview 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 levels - Dec 12, 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