Nifty Direction 9th JanExpecting Nifty to take out 23877 before it continues lower... bias is bullish til there incase set up shows itself, I will scalp.
Best case: Opens lower or takes out 23756 and moves to 23877 as final target
Long
S&P CNX NIFTY INDEX FUTURES
No trades
No trades
In-depth trading ideas
Long
Todays trade Plan in nifty Todays trade Plan in nifty buy from 23620 sell from 23780. Targeting next zone.
Short
Todays trade in nifty Todays trade in nifty .. buy side it gave 100+ points but did not reached target. Sell side 273 points done ✔️ simple and effective system . Rest I have shared the levels in advance .
My strategy either sl or target .
No in between exit
Short
Todays trade Plan in niftyWe will wait for the price to reach a key zone either demand or supply . Observe price reaction at zone and trade in the direction of price reversal in both cases target will be next zone and sl will be above or below zone. Today the price is below a swing / weekly zone in this cases market is observed to be sideways until it gives break out or break down of a swing weekly zone.
Long
Trade Plan in niftyTrade Plan in nifty . We will wait for price to reach a zone. If reaches supply on rejection on supply zone we will take a sell side trade targeting demand zone. If reached demand we will take buy side trade targeting supply zone. Sl will be below and above zone. Wait for the price to reach a key zone. Then only intitate a trade .
Long
Nifty Direction Expecting Nifty to run bayside and fall towards 23682 to clear out any sell side present.
Bias is bearish... can run first and then seek lower hence wait for a run on bayside before going short... will try and update my live scalp tomorrow
Short
Bulk investing only in green zoneMarket may seem overvalued but it's just following the long term trendline. waiting for next big news, if earnings of this quarter come lower side nifty might go to 21700 zone.. its recommended to bulk buy at this zone depending on economic conditions of India
Todays trade in nifty Todays trade in nifty .. buy side it gave 100+ points but did not reached target. Sell side 273 points done ✔️ simple and effective system . Rest I have shared the levels in advance .
My strategy either sl or target .
No in between exit
Short
Trade Plan in niftyNifty has given break out of demand zone. If sustains will take down side trade with direction of price target will be next zone .
If give break out of demand zone ans sustains will take up side trade and target will be supply zone .
Long
NIFTY'S DARK CLOUD COVR WILL IT FORM BOTTOM OR FALL FURTHER ?
Nifty 50 which has formed this two candle pattern (green Candle followed by Red candle covering almost 50% or more of previous green candle body) in some instances it is perfect Dark Cloud Cover Candle Pattern
Just check similar pattern was formed on following dates
15-oct -24 --- Followed by bearish trend and fall in prices
17-Nov-24 --- Followed by Bearish trend and fall in prices
16-Dec 24 --- Followed by Bearish Trend and fall in prices.
So Now what does it hold ?
Just check closely Prior to 16th Dec 2024
1. Nifty was forming Lower top and Lower Bottom
2. RSI was sloping down wards
However during 3rd Dec,24 to 15 Dec 24 nifty formed a High top and
Formed Higher bottom on 1st Jan-2025.
and RSI is now sloping upwards
Now same pattern appears on NIFTY chart again
what do you think will happen on index now ? Share your views
Will Nifty hold its higher low and move upwards ?
Or
Will it continue its down trend again ?
Nifty ViewWe can see 23478 soon in Nifty and if it breaks this levels then 23300/23200 can be seen very easily.
Disclaimer: All information give is for educational purposes. Please consult your financial advisor before investing.
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Short
NIFTY 50 - SELLNIfty 50 Future breaks days low after gap of 160+ points.
A short positional trade can be initated at the level of 23700 (future level) with stoploss of 23950
First target - 23565
Second Target - 23425
Third Target - 23235
Short
Direction Of Nifty Futures Ideal situation- Trade above 23792 into the imbalances above
and then send it lower... major liquidity rests above as well
Expecting a move lower regardless
The trade will be a scalp on lower time frames only on the model
Short
GIFT NIFTY (SANTA RALLY)
Triangles are fascinating chart patterns in technical analysis. There are three main types: ascending, descending, and symmetrical. Each indicates different market conditions and potential price movements. Here's a quick overview:
Ascending Triangle: This bullish pattern features a horizontal resistance line and an ascending support line. It suggests that buyers are gaining strength and a breakout to the upside is likely.
Descending Triangle: This bearish pattern has a horizontal support line and a descending resistance line, indicating that sellers are gaining control and a breakdown to the downside is probable.
Symmetrical Triangle: This neutral pattern consists of converging trendlines, with neither buyers nor sellers having a clear advantage. The breakout can occur in either direction, and the subsequent move is often significant.
Long
PRE MARKET ANALYSIS OF NIFTY FOR 24 DEC 202424 Dec 2024
WORLD MARKETS
1. World Markets are bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 10% Indicating reduction in volatiltiy . This due to Gap up today.
2. GIFT Nifty is indicating 84 points down tick at 23680 levels.
INDEX HEAVY WEIGHTS
1. HDFC Bank has made a bullish candle. Any breakout above 1805 is bullish. However any break below 1795 will be bearish.
2. ICICI Bank is neutral. Move above 1306 is bullish and move below 1285 is bearish.
3. Reliance is bearsih. It is sell on rally.
TRADING PLAN.
1. NIFTY OPEN BETWEEN 23835 - 23705 : No Trade.
2. NIFTY OPEN ABOVE 23835 : Wait for a consolidation and break above 23900.
3. NIFTY OPEN BELOW 23705 : Wait for a consolidation and break below 23630.
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.
NIFTY 50Nifty 50 currently at the resistance level of 23790-23825
If break & sustained above, move till 24020 possible
If any negative formation made at these level, look for a short opportunity till previous day low
Levels are given as the futures
Nifty Tomorrow trendTomorrow nifty cap down opening you can buy 23050 call option..
Cap up opening 24000 but buy
23050 biggest support
Nifty never break this point.
Trent may be return positive
Monthly nifty break 23050 level may be nifty fall long period
PCR in Trading However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
A high PCR indicates a bearish sentiment, as more traders buy puts, expecting the market to decline. Similarly, a low PCR suggests a bullish sentiment, with more traders buying calls in anticipation of a market rise.
PCR > 1: When the PCR is greater than 1, it suggests that there are more open put contracts than call contracts, indicating a bearish sentiment. Traders and investors anticipate the underlying asset's price to fall. PCR = 1: When the PCR is close to 1, it implies a balanced sentiment in the market.
Education
How to draw support & resistance To identify support or resistance, you have to look back at the chart to find a significant pause in a price decline or rise. Then look forward to see whether a price halts or reverses as it approaches that level.
he Fibonacci indicator consists of Fibonacci retracement levels, which are 23.6%, 38.2%, 50%, 61.8% and 78.6% which are drawn between two price levels and can be used to indicate support and resistance in the market.
Education
Gift nifty accuracy of weekly / Swing Zones .Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades.
Nifty cautious approach for coming months.Hi,
Please do check out the chart analysis on Nifty for the coming week starting 23rd Dec 2024.
Thanks.
Nifty Index Futures: Key Technical Insights for December 2024The Nifty Index Futures chart highlights significant market developments, signaling potential shifts in momentum. Here’s a concise analysis:
Key Highlights
Trendline Breakdown:
The long-standing upward channel has been breached, indicating bearish pressure.
Bearish Patterns:
A confirmed head-and-shoulders pattern with a neckline breakdown suggests further downside.
Emerging lower highs and lower lows confirm a bearish trend structure.
Critical Levels:
Resistance: 24,400 and 25,000.
Support: 23,625, 23,222, and 21,827.
Scenarios:
Bullish: A recovery above 24,400 could target 25,000.
Bearish: Sustained trading below 23,625 may lead to 23,222 or lower.
Trade Plan:
Short Trade: Consider shorting below 23,625 with a stop-loss at 24,000 and targets at 23,222 and 21,827.
Short
Nifty 38k by 2030?Gift Nifty while not looking good in short term is still poised to touch 38000 levels by 2030. Keep adding on all dips.
