selling Nifty from XI zone .nifty price is taking rejection from supply zone on smaller time frame . selling nifty with SL above the XI zone and targetting Supply Zone .
Nifty Future Eying 24800?Nifty Futures:
CMP:24380
TF: 15 minutes
The Harmonic pattern suggests that the price could head towards 24800+
The internal counts suggests that one more leg on the upside is due..
keeping a close watch/trailing for the long set up
Gift Nifty Trend directionGift Nifty 23120 - Is moving in rounding bottom pattern on daily chart pattern. Support at 22660.
AS long as 22660 not broke out it shall move to 24100.
Nifty fut price analysisPrice has showed a bullish behavior from a key monthly level and it is heading towards key weekly level of 23500 zone.
nifty long tradebuy nifty when candle closes above demand zone . considering demand rejection . sl below the zone and target supply zone
Nifty View **Nifty**, officially known as **Nifty 50**, is a benchmark stock market index in India, representing the weighted average of 50 of the largest and most liquid Indian companies listed on the **National Stock Exchange (NSE)**.
### 🔹 Key Details:
- **Full Name:** Nifty 50 (National Stock Exchange Fi
Gift nifty if break 22690 then temporary bottom formation done How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 21.4% to 23.6% range then early
Monthly bias Nifty fut seems to be continuing it's downtrend on the monthly TF. The likely target for this can be 20K support zone. This view stands negated if we get a monthly closing above 24K resistance zone.
GIFT NIFTY ELLIOTT WAVE COUNT starting from the low of 4TH MARCH 2025 in 1 hour TF, GIFT NIFTY shows clear 5 WAVE IMPULSE and time wise double correction in form of WXY.after completion of correction new impulse is also clearly visible which is 1ST WAVE OF 3RD WAVE. 3RD WAVE can go up to 23500-23800 as per fib extension but for
GIFTNIFTY towards 24K?Looks like the price in it's 5th leg up on this impulse.. 24050 to 24350 is the PRZ. We have a good amount of juice left on the upside for now..
Whether this is A of the corrective rise or 1st of new 5 wave impulse?
We will have to wait..
In either case, a pullback is due once we hit the PRZ.
D
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Strong sellSellNeutralBuyStrong buy
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Frequently Asked Questions
The current price of S&P CNX NIFTY INDEX FUTURES is 24,452.80 INR — it has risen 1.30% in the past 24 hours. Watch S&P CNX NIFTY INDEX FUTURES price in more detail on the chart.
The volume of S&P CNX NIFTY INDEX FUTURES is 7.82 M. Track more important stats on the S&P CNX NIFTY INDEX FUTURES chart.
The nearest expiration date for S&P CNX NIFTY INDEX FUTURES is May 29, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell S&P CNX NIFTY INDEX FUTURES before May 29, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For S&P CNX NIFTY INDEX FUTURES this number is 13.29 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for S&P CNX NIFTY INDEX FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for S&P CNX NIFTY INDEX FUTURES. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of S&P CNX NIFTY INDEX FUTURES technicals for a more comprehensive analysis.