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Nifty50

Nifty50 Options Trading Plan: 3rd May to 9th MayGreetings traders, I'm excited to share my trading plan for the Nifty50 options from 3rd May to 9th May. Let's dive into the analysis and potential scenarios. Bullish Outlook: Firstly, I hold a bullish sentiment for the Nifty50 9th May expiration option contract. Based on my analysis, I foresee two possible scenarios unfolding during this period. Scenario 1: Dip Buying Opportunity In the first scenario, I anticipate that Nifty may experience a temporary dip, possibly down to the levels of 22500/22400. This presents an excellent opportunity to buy call options at a discounted price, setting the stage for potential gains. Scenario 2: Rally Commences Alternatively, Nifty could kickstart a rally from tomorrow onwards, with targets set around 23000/23100. This scenario would signify a strong upward momentum, offering profitable opportunities for traders. Trading Strategy: Now, let's delve into the specifics of my trading strategy based on these scenarios. Scenario 1 Unfolds: If Nifty dips as anticipated, I have set a target range of 22800/22900. In this scenario, I plan to buy the 22650 call option at or below 60.80, considering its current price at 182.00. My target exit range for this trade is set at 200/210, adopting a "hero zero" mode strategy to maximize potential gains. Scenario 2 Execution: Should Nifty initiate a rally towards 23000/23100, I will adjust my strategy accordingly to capitalize on the upward momentum and potential price movements. Conclusion: With a bullish outlook and a well-defined trading plan for both scenarios, I am prepared to navigate the Nifty50 options market from 3rd May to 9th May. Remember, trading involves risk, so always implement risk management strategies and stay updated with market developments. Happy trading and may the markets be in your favor!
NSE:NIFTYLong
by IndexAce
Strong higher high higher Low pattern on Hourly chart. Positive.Nifty is making a higher high, higher low, pattern on Nifty. Which looks very promising and positive. For going further and higher and into unchartered territory Nifty needs to hold 22625 or at least 22547. These two points will work as great supports too. Below 22547 the next supports will be near 22483 and 22379. On the upper side the resistance levels seem to be at 22709, 22881, 22967 and finally 23026. Shadow of the candle looks positive.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 03/05/2024BUY ABOVE - 22710 SL - 22640 TARGETS - 22780,22830,22880 SELL BELOW - 22640 SL - 22710 TARGETS - 22600,22550,22510 NO TRADE ZONE - 22640 to 22710 Previous Day High - 22710 Previous Day Low - 22550 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
Analyzing Nifty50 Spot's Triangle Pattern Breakout Trade PlanGreetings fellow traders, I've been closely monitoring the Nifty50 spot since April 25th and have observed a range-bound movement, forming what appears to be a triangle pattern. I anticipate a breakout from this pattern tomorrow, which could lead to significant moves in the market. My trade plan revolves around this potential breakout. If Nifty50 breaks out tomorrow, my targets are set at T1 (22727.80) and T2 (22895.40) . However, for the breakout to sustain above T1, my proprietary option pricing calculations indicate that the 22550 put option (2nd May expiration) should trade below 10.15 (today's closing price was 57.35). Therefore, I'm planning to buy the 22550 put option above T1, with a stop loss set at 10.10 to manage risk effectively. Let's stay tuned and execute this trade plan strategically.
NSE:NIFTY
by IndexAce
NIFTY stuck in channelNSE:NIFTY at its all-time high is consolidating in a channel pattern between 22000 and 23000. Good time to accumulate value stocks to reap benefits if nifty breaks upwards. Also reserve to pump in capital if nifty breaks downwards. Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common. Caution : This is a knowledge sharing analysis, not a call. Profits are not made from following ideas, but by following Risk Management.
NSE:NIFTY
by samplespaz
Resistance zone between 22783 and 22755 comes into effect.After making a new high of 22783 there was a bought of Profit booking seen in Nifty. Two important international events of US FED Interest decision and CPI Inflation data are awaited so traders may have thought of being cautious at this juncture. Further bullishness leading to 22800, 22887 and 23026 is also a possibility but for that overcoming this important resistance zone is imperative. Supports for Nifty on the lower side in case of consolidation or further profit booking will be 22544, 22508 and 22358. If 22358 is broken we may see bullish grip weaken a bit and in this scenario bears can drag the Nifty further down to 22200 or even levels below 22000. The zone between 22544 and 22508 is an important support zone for Nifty now.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Wait for a 1D MA50 pull-back and buy.The Nifty 50 Index (NIFTY) has been trading within a Channel Up since late December 2023 and today it hit the April 10 2024 High. That was a Higher High for the Channel Up and the price immediately got rejected. Based on the 1D RSI, it may rise some more to its Resistance Zone before getting rejected but this sequence is very similar with the February 02 2024 rejection. Both fractals made clear technical Higher Lows at the bottom of the Channel Up and the February one after the rejection, pulled back to the 1D MA50 (blue trend-line) before finding Support and new buyers. As a result, we are only willing to turn bullish again on the 1D MA50 and then target the Channel's standard target of the 1.382 Fib extension at 23100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTY
by TradingShot
Nifty Delicately placed near the support zone.Nifty is delicately placed above the 50 EMA and 200 EMA support zones (Mother and Father support) which are at 22404 and 22316 respectively. This zone can act as a buffer and should provide proper technical support to Nifty. In case 22316 is broken Nifty can further fall to the levels of 22201 or even 21972. Worst case scenario as of now looks like 21784. If supports of 22404 and 22316 are respected we may see the Nifty rising upwards with resistances at 22458, 22545, 22625, 22692 and 22775. Shadow of the candle looks neutral with slightly positive bias.
NSE:NIFTYLong
by Happy_Candles_Investment
What does Arrow in the chart of Nifty say? Arrow in the chart of Nifty is pointing in the direction of which Nifty intends to go in the long term. There may be some slip-ups in the short run but in the long run Nifty will be seen travelling in the direction the arrow is pointing. Today Nifty returned from an important trendline resistance of 22625. crossing the same will be a little bit of a challenge. If we get a weekly closing above 22625 Nifty can quickly make new highs in the coming days with resistance at 22692 and 22775. In case the mid arrow support is broken tomorrow we may see a down side with supports at 22545, 22481, 22430, 22380 and 22304. Below 22304 Nifty becomes weak again and bears can start calling the shots. Shadow of the candle is negative to neutral as of now.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 26/04/2024BUY ABOVE - 22620 SL - 22570 TARGETS - 22670,22720,22770 SELL BELOW - 22510 SL - 22570 TARGETS - 22510,22430,22390 NO TRADE ZONE - 22510 to 22620 Previous Day High - 22620 Previous Day Low - 22320 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
22447 to 22481 proving to be a tough resistance to crack.Since yesterday 22447 to 22481 is again and again blocking the Nifty rally. Only after 22481 is crossed and held we will see the rally continue further. Further resistance will be near 22558, 22612, 22692 or even 22780+. In case the resistance proves strong enough the supports will be found at 22376, 22342 and 22290. If 22290 is broken then further supports will be found at 22201, 21972 and finally 22784. Shadow of the candle is still looking positive.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 25/04/2024BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22470 Previous Day Low - 22390 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
NIFTY INTRADAY LEVELS FOR 24/04/2024BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22430 Previous Day Low - 22360 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
Strong resistance around 22447 blocked Nifty rallyA strong resistance around 22447 blocked the bull rally of Nifty today. If this resistance is not crossed the Nifty will try to re-test the supports. There is a strong support in the range of 22279 and 22312 region which includes 50 EMA, 200 EMA (Mother Father lines) and a trend line support. If these supports are broken we can see weakness which can lead Nifty further down to 22201 or even 21972 levels. If the Nifty successfully crosses and closes above 22447, further resistances will be found at 22510, 22612, 22692 and 22780. A frantic Bull-Bear tussle is going on and it will be interesting to see which side is able to call the shots during reminder of the week.
NSE:NIFTYLong
by Happy_Candles_Investment
Very Positive close by Nifty indicating more bullishnessMore up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692, 22780 and even 23K+ levels in Nifty in the coming weeks or months. Supports on the lower side for Nifty in case there is some negativity remain at 22201, 21972, 21784 and 21716. Below 21716 bears again take control of Nifty.
NSE:NIFTYLong
by Happy_Candles_Investment
Fundamental Picks - Stock PE < 20 (NIFTY 50)📊 Script: BPCL 📊 Sector: Refineries 📊 Industry: Refineries ⏱️ C.M.P 📑- 585 🎯 PE 🏆 - 4.38 📊 Script: ONGC 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services ⏱️ C.M.P 📑- 275 🎯 PE 🏆 - 8.24 📊 Script: COALINDIA 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals ⏱️ C.M.P 📑- 435 🎯 PE 🏆 - 9.14 📊 Script: SBIN 📊 Sector: Banks 📊 Industry: Banks - Public Sector ⏱️ C.M.P 📑- 750 🎯 PE 🏆 - 10.49 📊 Script: INDUSINDBK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1482 🎯 PE 🏆 - 13.33 📊 Script: HINDALCO 📊 Sector: Non Ferrous Metals 📊 Industry: Aluminum and Aluminum Products ⏱️ C.M.P 📑- 614 🎯 PE 🏆 - 14.69 📊 Script: TATAMOTORS 📊 Sector: Automobile 📊 Industry: Automobiles - LCVs / HCVs ⏱️ C.M.P 📑- 963 🎯 PE 🏆 - 16.51 📊 Script: POWERGRID 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 281 🎯 PE 🏆 - 16.62 📊 Script: HDFCBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1531 🎯 PE 🏆 - 17.12 📊 Script: NTPC 📊 Sector: Power Generation & Distribution 📊 Industry: Power Generation And Supply ⏱️ C.M.P 📑- 350 🎯 PE 🏆 - 17.38 📊 Script: ICICIBANK 📊 Sector: Banks 📊 Industry: Banks - Private Sector ⏱️ C.M.P 📑- 1067 🎯 PE 🏆 - 17.62 📊 Script: JSWSTEEL 📊 Sector: Steel 📊 Industry: Steel - Large ⏱️ C.M.P 📑- 864 🎯 PE 🏆 - 18.79 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTY50) PE - 22.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BPCLLong
by radha_23
4
Nifty took a critical support at 21777. (A number to watch)Nifty fell like a hot knife going through butter slab reacting to Iran Israel news. There was some respite today as Nifty has takena support at 21777 and bounced back to close the week at 22147 staging a remarkable recovery. 21777 will remain a critical support to watch for reminder of the month. In case this support is not held further supports will be only between the range of 21157 and 20973. If 20973 is further falls casualty to any escalation between Iran and Israel, we still have a strong support near 20592 which is also a Mid channel support. If by chance mid channel support is broken there can be a free fall towards 20237 or even 18878 levels if situation worsens. On the positive side of it if 21777 is respected we can further see resistances near 22318, 22514 and ATH resistance near 22775 levels. Things are delicately poised but let us hope peace prevails and we see nifty bouncing back drastically in the coming week or weeks. Local sentiments still remain good except for the fact that some FIIs are not happy with tax heavens status withdrawal from Mauritius. Global factors specially related to Israel and Iran are governing the global sentiments currently.
NSE:NIFTYLong
by Happy_Candles_Investment