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Nifty 50 Index

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NIFTY trade ideas

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!!!!.
NSE:NIFTYLong
by dasgaaravishnu
2
NIFTY is bearish below 23263 - Nifty Bearish Level (Important)Nifty has found support at 23263 - please be aware to exit or reduce your positions if the suggested level is broken, you can also think of shorting the markets with a timeline of trade for 3 Months (that means, atleast stay in shorts for three months if as long as markets is below 23263). I strongly suggest you to save this post or remember the level which can prove to be very important opportunity for taking a trade. Please Like, Share & Boost if you think this post was helpful to you Thank you
NSE:NIFTYShort
by piyushbafna000
Nifty - Bearish head and shoulder patternNifty is forming head and shoulder top pattern, which can indicate a bearish reversal if confirmed. With the neckline at 24,590, a close below that level would indeed suggest selling pressure. Placing your stop loss above the last swing high is a prudent strategy to manage risk. For the target based on the measurement rule, you would typically subtract the height of the head to the neckline from the neckline level. It’s also worth noting that the 50-day EMA slope downwards adds further confirmation to our analysis. Just ensure to keep an eye on volume and any macroeconomic factors that could influence price movement. How are you planning to execute your trade? *** Nifty is currently above neckline please wait for confirmation ***
NSE:NIFTYShort
by Arvind_Share_Academy
Nifty 50: Descending Triangle - Bearish Continuation or ReversalThe Nifty 50 index has formed a descending triangle pattern on the daily chart, suggesting potential bearish continuation. Key Points: Descending Trendline: A clear downward sloping trendline connects recent price highs, indicating bearish momentum. Horizontal Support: A horizontal line marks a significant support level where the price has found resistance multiple times. Converging Lines: The descending trendline and horizontal support are converging, forming a narrowing triangle shape. Potential Scenarios: Bearish Breakout: A break below the horizontal support level could signal a continuation of the downtrend. Increased volume during the breakout would strengthen the bearish signal. Bullish Reversal: A break above the descending trendline could suggest a potential reversal of the trend. However, this scenario is less likely given the overall bearish sentiment. Trading Strategy: Bearish Trade: Wait for a clear break below the horizontal support level with increased volume. Set a stop-loss above the recent high and take-profit below a significant support level. Bullish Trade: A break above the descending trendline with increased volume could be a potential long entry. However, exercise caution as this scenario is less probable. Risk Management: Use stop-loss orders to limit potential losses. Consider position sizing to manage risk effectively. Stay updated with market news and economic indicators that may impact the Nifty 50 index. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research 1 or consult with a financial advisor before making investment decisions. 2
NSE:NIFTYShort
by jagdish10
Nifty levels - Nov 25, 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
21st Nov 2024 - Week ended as per plan, but did not make moneyNifty Stance Bearish ️⬇️ Remember my last week's position? Make 11170 if Nifty ends below 23555. Well, we ended the week @ 23346, but I did not make money. In fact, I exited the position at a loss of 3000 on 19th Nov when we shot up. My stance is still bearish, thought will get into fresh positions tomorrow and not today as there was clouded news & events today. For starters, Adani was indicted by New York Court and that sent the ADANIENT crashing -22.61%. Let us give a day or two for the news to settle and then we can take a positional bias, as it stands there could be a minor recovery to Adani stocks tomorrow and a possible short covering. In the grand scheme of things, Nifty continues its downward trajectory hitting a new session low of 22263.  22781 is my nearest strong support and I sincerely hope we go there by the next week. The Total correction from the ATH is close to 12% now and the SIP'ers who started 2 years back in Nifty index fund may be back to zero returns. A further fall of 3% may put them underwater and that would be the right time to see if they panic sell or not. I am quite sure that these last-stage investors may not have seen a bear market in their life and would have committed their every penny to this mad bull run, which just ran out of fuel.
NSE:NIFTYShort
by viswaram
Nifty Intraday Support & Resistance Levels for 22.11.2024On Thursday, Nifty opened on a negative note, reaching a high of 23,507.30 before tumbling to a day low of 23,263.15 within the first 30 minutes, breaking the Daily Demand Zone support at 23,350. It closed at 23,349.90, down by 168 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. The break below the daily demand zone signals ongoing selling pressure, with potential for further downside unless key support levels hold. Demand/Support Zones Near Support: 23,189.88 (61.8% Fibonacci level) Far Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (15m): 23,686.15 - 23,726.90 Far Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal
PRE MARKET ANALYSIS OF NIFTY FOR 22 NOV 202422 NOV 2024 WORLD MARKETS 1. World markets are trading with a positive bias. INDIA VIX AND GIFT NIFTY 1. INDIA VIX is above 15 @ 16. This was evident in today's trade. I had indicated that 23500 straddle holders will be benefitted. INDEX HEAVY WEIGHTS 1. HDFC Bank is trading with a positive bias. 2. ICICI Bank on the other hand has become volatile It has still resistance at 1260. 3. Reliance on the other hand is still bearish and is heading towards 1200 as explained. TRADING PLAN 1. NIFTY OPEN BETWEEN 23411 - 23350 : Sell any rally to 23500. 2. NIFTY OPEN ABOVE 23411 : Sell any rally to 23500 and break below 23400. 3. NIFTY OPEN BELOW 23350: Wait for a consolidation and break below 23250 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:NIFTYShort
by sam20051968
Nifty levels - Nov 22, 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 50 Index Intraday Technical Analysis for 21 Nov.🚀 Unlock the potential with my #Nifty50 Intraday Technical Analysis for 21 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: 23,519 📅 Day Range: 316 📈 Long Position 🔹 Buy Above: 23,660 📊 Average Position: 23,623 🎯 Target 1: 23,714 🎯 Target 2: 23,834 ⛔ Stoploss: 23,555 📉 Short Position 🔹 Sell Below: 23,585 🎯 Target 1: 23,323 🎯 Target 2: 23,203 ⛔ Stoploss: 23,691 ✨ 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
NSE:NIFTY
by NumroTrader
Nifty Intraday Support & Resistance Levels for 21.11.2024On Tuesday, Nifty opened gap-up and rallied to a high of 23,780.65 (gaining 262 points over the previous close). However, during the last hour of trading, it lost all its gains and touched a low of 23,464.80, eventually closing at 23,518.50, with a modest gain of 64 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. For the fourth consecutive day, Nifty closed inside the Daily Demand Zone (23,350 - 23,667.10), indicating selling pressure on every rise. As reiterated earlier: "If Nifty holds the support at the lower boundary of the demand zone (23,350), we might see bullish momentum toward 23,900 - 24,250." Demand/Support Zones Near Demand/Support Zone (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Minor Resistance (15m): 23,686.15 - 23,726.90 Near Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPal
PRE MARKET ANALYSIS OF NIFTY FOR 21 NOV 202421 Nov 2024 WORLD MARKETS 1. US markets are taking support at 21 SMA and has rebounded. 2. Europe is trading with a negative bias. 3. Asia is mixed. 4. US incumbent president has spoken about Ukraine - Russia war which is disturbing and may indicate in stability. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.6 indicating more bearishness. 2. GIFT Nifty is indicating a flat opening . INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has a target of 1780. 2. ICICI Bank on the other hand is bearish. 1260 is a very strong resistance. Next tgt can be 1225. 3. Reliance has resistance at 1250. It has a tgt of 1200. 4. Market may remain range bound between 23800 - 23300 with a straddle at 23500. TRADING PLAN 1. NIFTY OPEN BETWEEN 23605 - 23432 : NO TRADE. 2.NIFTY OPEN ABOVE 23605 : Sell any rally to 23700 and break below 23600. 3.NIFTY OPEN BELOW 23432: Sell any rally to 23500 and break below 23400 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 Levels for November 19, 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 Trading Strategy for 19th November 2024Detailed Nifty Spot Trading Strategy Trading Plan: Buy Above 23,625 Wait for the Nifty Spot Index to close above 23,625 on a 15-minute candle. After confirmation, initiate a BUY position. Target Levels: Target 1: 23,700 Target 2: 23,750 Sell Below 23,350 Wait for the Nifty Spot Index to close below 23,350 on a 15-minute candle. After confirmation, initiate a SELL position. Target Levels: Target 1: 23,298 Target 2: 23,100 Current Value: Nifty Spot Index: 23,454 Support and Resistance Levels: Supports: 23,298: Key level where buying interest might emerge. 23,100: Strong support zone that could hold in case of heavy selling pressure. Resistances: 23,700: Initial hurdle for the upward move. 23,750: Major resistance level, likely to cap any strong bullish momentum. Key Notes for Traders: Use these levels as a reference for trading Nifty Futures and Options. Ensure to confirm the breakout or breakdown of the above levels using a 15-minute candle close for better accuracy. Book Profits at regular intervals and use trailing stoploss. Disclaimer: I am not SEBI Registered. This trading strategy is for educational purposes only and should not be considered as financial advice. Trading in financial markets involves significant risk and may result in substantial losses. It is important to conduct your own analysis and consult with your financial advisor before making any trading decisions. These levels are derived from the Nifty Spot Index, but traders can apply them to Nifty Futures and Options trading. Past performance is not a guarantee of future results. Use proper risk management techniques and trade responsibly.
NSE:NIFTY
by ramkkyy
NIFTY- Intraday Levels - 19th November 2024If NIFTY sustain above 23557 to 23607 or 23637 above this bullish then 23655 to 23675 above this more bullish If NIFTY sustain below 23367 or 23327 below this bearish then 23240 to 23213 below this more bearish Consider some buffer points in above levels. Please do your due diligence before 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
2