Nifty is at demand zoneNifty facing rejection at demand zone. If sustains we can see an unmove till supply zone.
NIFTY trade ideas
#Nifty directions and levels for November 12th.Good morning, friends! 🌞 Here are the market directions and levels for November 12th.
Market Overview:
There are no significant changes that have happened. The global market is maintaining a bullish sentiment (based on Dow Jones only), while our local market is showing a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on Nifty showing a positive 40 points.
In the previous session, both Nifty and Bank Nifty had a solid pullback, but it didn't sustain, which simply means we are in a range market. Today's structure also indicates a continuation of the range market. Let's take a look at this in the charts.
Nifty Current View:
The current view suggests that if the market sustains the gap-up, it could reach a minimum of 24,288. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 24,367. This is our first variation.
Alternate View:
The alternate view suggests that if the market declines initially, it could reach a minimum of 78% to the MDZ. However, it should break 24,076, then only can we expect these levels.
#NIFTY - 12 TH NOVEMBER NSE:NIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Chart contains support and resistance levels (understand how it works 👇🏻)
Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
P.S note : im not SEBI REGISTRAR 🙏🏻
Any doubt 👉🏻 @thetradeforecast
Nifty trades and targets for - 12/11/24Hello Everyone. The market was in a bearish mode today. 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.
NIFTY INTRADAY LEVELS FOR 11/11/2024BUY ABOVE - 24180
SL - 24100
TARGETS - 24250,24340,24420
SELL BELOW - 24100
SL - 24180
TARGETS - 24030,23930,23800
NO TRADE ZONE - 24100 to 24180
Previous Day High - 24250
Previous Day Low - 24100
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 👍
Nifty Intraday Analysis for 11th November 2024NSE:NIFTY
Index closed near 24150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 32.04 Lakh
24000 Strike – 29.78 Lakh
23800 Strike – 24.07 Lakh
Put Writing
24500 Strike – 60.80 Lakh
24200 Strike – 43.99 Lakh
24400 Strike – 35.00 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Nifty - Intraday Levels for 12.11.24Nifty - Intraday Levels for 12.11.24
1. Fresh short is not advisable as NIFTY is near its key reversal zone
2. The main problem is every day, NIFTY is giving its push towards upside, but again and again Sell off is getting increased in the 2nd half.
3. Our view is, till 24700 it would be a SELL ON RISE market.
NIFTY50: INSTITUTIONAL LEVELS FOR 11/11/2024Overview
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.
NIFTY making In IHNS with Trendline Supporthello everyone,
NITY Spot 24250 taking support from 24000 making in pattern inverse head and shoulder there is hurdle EMA 100 and trendline resistance near 24370-23430 __as RSI positive divergence reversal can expect still bearish trend on larger timeframe.
Nifty at demand zoneNifty at demand zone, taking rejection on smaller time frame. If sustains we can see an unmove till supply zone
NIFTY Levels for November 11, 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 directions and levels for November 11th.Good morning, friends! 🌞 Here are the market directions and levels for November 11th.
Market Overview:
The global markets are maintaining a bullish sentiment (based on the Dow Jones), while our local market is displaying a moderately bearish outlook. Today, we might see the market open with a neutral to slightly gap-down start, as indicated by the Gifty Nifty showing a decline of 70 points.
In the previous session, both Nifty and Bank Nifty showed strong movement, but the fluctuations resembled a diagonal pattern. If the market starts off neutral, this diagonal trend may continue. Conversely, if the market experiences a significant decline, it could reach the bottom of the recent swing.
> Currently, there are no structural changes; we remain in a range-bound market. Let’s take a look at the charts.
Both Nifty and Bank Nifty are following a similar structure.
Nifty Current View:
The current view suggests that if the market finds support at the level of 24010 and gradually moves up, or if the market takes a solid pullback initially, then we can expect a minimum pullback of 38% to 50%. This is our first variation.
Alternate View:
The alternate view suggests that if the market sustains the gap down or declines solidly, then the correction will likely continue to the level of 78% to MDZ.
Nifty Trading Strategy for 25th November 2024Nifty Trading Analysis & Key Levels .
Current Value: The Nifty index closed at 23,907, indicating a strong bullish tone in the market during the last trading session.
Key Levels to Watch:
Buy Zone: Consider initiating long positions if the Nifty moves above 24,070, confirmed by a 15-minute candle close. This level may trigger further upward momentum as buyers dominate the market.
Sell Zone: Look for opportunities to short if the Nifty falls below 24,742, confirmed by a 15-minute candle close. A breach of this level could signal bearish sentiment returning to the market.
Nearest Resistance Levels:
24,225: This is the first major hurdle for the index on the upside. A strong breakout above this level could pave the way for further gains.
24,325: The next resistance level where selling pressure may emerge. Watch for price action around this level to assess market strength.
Nearest Support Level:
24,600: This level acts as immediate support, and any move below it could signal a reversal in the current bullish sentiment. Traders should remain cautious if the index approaches this level.
Market Sentiment:
The market closed on a bullish note, suggesting a positive sentiment among traders. However, upcoming economic data, global market cues, or other news events could impact the trend. Monitor developments closely to adjust your trading strategy accordingly.
Disclaimer:
I am Not SEBI Registered advisor. The information provided above is intended for educational purposes only and should not be considered as financial or investment advice. Trading in the stock market involves substantial risk, including the loss of your capital. Always perform your own research and consult with a certified financial advisor before making any trading decisions. Past performance is not indicative of future results.
Nifty View 25 Nov. Nifty has crossed 24700 and now temporarily bullish and in pullback.
Pullback is expected to go till 24200 in one leg then after slight reversal we can expected a bullish run of 500-1000 points.
Tomorrow bullish setup is given in green box of chart. Above 24080 we should touch 24200+
Bearish only below 24700 for 24500.
Disclaimer: The information disclosed here is for entertainment purposes only; it does not constitute investment advice. It cannot replace professional investment advice.
Nifty: Important Fibonacci Levels and Potential Target levelsWhat is Fibonacci series
The series starts with 0,1... From here on the next number is obtained by summing up the previous two numbers. (0,1,1,2,3,5,8,13,21,34,.....)
After the initial few numbers dividing a number by the next immediate number, gives us roughly 61.8% (for eg 21/34 = 61.8%) and if we divide by skipping one number we get roughly 38.2% (for eg 13/34 = 38.2%)
Also 100-61.8=38.2
The number looks like in balance and holds greater importance.
Also we see Fibonacci having a great influence in our nature as well. Most flowers have petal pattern that would be a Fibo number.
We can observe Fibonacci in our body as well. Be it bones in our finger or the arm to hand ratio, we can see the golden ratios everywhere.
Incidentally the golden ratios work well in Share market as well...
Don't believe me... Look at the chart below
The recent correction is a Fibonacci retracement of the rally that started from the lows made during India election results to recent highs.
Nifty has seen a decent jump which coincides with test of 200 day EMA and 61.8% Fibonacci retracement levels. Once above 24414, there is a strong case for Nifty testing 61.8% and 76.4% retracement levels which is around 25125 / 25566
There is also a gap around 25639-25739
Given the scenario, 25120 / 25550-25750 can be looked as potential target levels
Take care and safe trading
Nifty will revise NIFTY Trend Analysis with Key Levels:
This chart provides an analysis of NIFTY's price movement within a descending channel, indicating a bearish trend. The following levels are highlighted:
Resistance Levels:
24,358: This is a significant major resistance zone. A breakout above this level could confirm a trend reversal and signal a shift to bullish momentum.
24,800: The next key resistance level after a breakout, marking a potential target for bullish movements.
Support Levels:
23,581: NIFTY is currently at this support level. Holding this zone could trigger a rebound.
23,400: A breakdown below this level could result in further downside momentum, confirming bearish dominance.
Trend Structure:
Descending Channel: The price is moving within a well-defined channel. Traders should watch for a breakout above the resistance line for a bullish signal or a breakdown below the support line for continued bearish momentum.
Scenario Setup:
If 24,358 is broken, the next target could be around 24,800.
If 23,581 or 23,400 breaks, the lower target could be 23,200.
This chart is a critical watchlist for trend confirmation, providing opportunities for breakout and reversal trades.
Nifty50 Index Intraday Technical Analysis for 25 Nov🚀 Unlock the potential with my #Nifty50 Intraday Technical Analysis for 25 November 2024!
✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️
📍 Range Trigger Point: 23,907
📅 Day Range: 597
📈 Long Position
🔹 Buy Above: 23,728
📊 Average Position: 23,658
🎯 Target 1: 24,276
🎯 Target 2: 24,504
⛔ Stoploss: 23,529
📉 Short Position
🔹 Sell Below: 23,587
🎯 Target 1: 23,538
🎯 Target 2: 23,310
⛔ Stoploss: 23,786
✨ With over 6 years of research and back-tested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets.
My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other important signals, I identify the best price ranges, entry points, timing, and appropriate stop-loss levels.
I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈
#Nifty50 #NiftySpot #TradingSignals #IntradayTrading #NumroTrader
Nifty Intraday Support & Resistance Levels for 25.11.2024On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative.
As highlighted in earlier posts, "If it holds the support (23350), we might see some bullish momentum till 23900 - 24250." Nifty delivered on this expectation, hitting the target of 23900. However, with the Daily Trend (50 SMA) still negative, caution is advised at levels above 24000 unless the trend turns positive and sustains.
Demand/Support Zones
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support (61.8% FIBO): 23189.88
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 24004.60 - 24336.80
Near Supply/Resistance Zone (75m): 24106.90 - 24242.00
Far Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45
Nifty 50 Breakout Level Nifty 50 at Breakout Level if it sustain 24000 level ... it will reach 24500 leveland it is also formed double botton pattern
NIFTY 50 REVERSALI have drawn a bigger picture there is so many reason of saying reversal of market, in this chart i have shown two of them which you can see and learn how to draw gann fan for next comming days it will support you all to find support and resistance of any stock index and commodities.It is just to make you to learn not buy/sell advice be clear.
Current NIfty View 24/11/24Levels checking for Head and shoulder. the 100% is not completed. There is still some gas left in nifty for testing the 123%-131% extension level generally considered as profit booking zone.
Simple price range analysis. Check the chart for more information.
Happy Trading!!!!!!!
View on Nifty at monthly time frame since inception
Hey everyone,
This is just an attempt to understand Nifty Price action behavior in corresponding to market geometry since inception. will keep it simple.
Time frame - Monthly
Tool used - Schiff's pitchfork. ( points used are 1) inception low 2) high before 2008 crash 3) low of 2008 crash. )
The remaining are clones of the initial Market geometry.
Observation- Whenever NIFTY50 reaches the upper redline (200% extension move) of the Schiff's pitchfork, a correction comes pushing back to Blueline (100%) before resuming the trend again
Instances - ( Highlighted them in a blue circle in the chart)
1) Feb 2015 to Feb 2016
2) Oct 2021 to Jun 2022
3) Sep 2024 to ????
Point to note ----> the first 2 corrections , one took 1 year and other took 8 months but but but , this time the correction came so fast it already reached the blue line ( 100% retracement back).
If the geometry has to hold at monthly level, no further correction will come from here. and maybe the head and shoulders correction is completed it guess ( my level was near 23200 and market came till 23368 levels) that should be good i guess, because when analyzing and drawing few points move here and there...anyway
The major point is as per pitchfork geometry the correction level is over but the point to note is the time duration has not done yet. giving raise to 2 scenarios
1) Geometry has to fail and price come back to median levels ( less probability) due to fast selling this time.
2) Correction already over and market will begin accumulation and will not hit any ATH till the time duration is over , past observations are ( 8-12 months). ( high probability).
Buying might have already started for next bull run. Stay strong till 34k to 35k levels. This is just a mere idea of market speculation, please contact financial advisor for your investment decisions.
Happy Trading!!!!.
NIFTY50 3-4% (700-900) points rally will come moreI think on Market now NO MORE SELLING TO COME in Coming days because market structure or price action shows the market will go UP.
Today 23rd November Market is on Trendline if it breaks then our Target in the coming days will be 24800
SUPPORT ZONE: 23400-23500
STOPLOSS: 23400
Targets: Greenline
T1: 24150
T2: 24450
T3: 24800+
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses
