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Nifty Bears Take Charge – 630 Points Secured with Risological InNifty 15-Minute timeframe short trade achieved a massive 630-point profit using the Risological Trading Indicator. Trade Details: Short Entry: 17th December, 9:15 AM Exit: 19th December, 3:20 PM Total Points Captured: 630 points Technical Breakdown: This trade showcased the precision and reliability of the Risological Trading Indicator. The indicator identified a clear bearish trend early on, enabling a high-conviction short entry. The trend persisted across multiple sessions, allowing the trade to capture a significant downward movement before closing out with a sizable profit.
NSE:NIFTYShort
by ProfitsNinja
NIFTY : Prediction levels and plan for 19-Dec-2024 Intro: Previous Day's Plan vs Actual In yesterday's chart, we observed Nifty approaching a deep retracement zone (113% level at 24,098) and tested the must-try zone for Wave C completion as highlighted. Price remained within the "No Trade Zone" for a considerable period, indicating indecision and sideways movement. The sideways yellow trend was respected, with no significant breakout. Now, for 19-Dec-2024, we will plan the opening scenarios considering a gap opening of 100+ points in either direction, or a flat opening, using key levels for action. Trading Scenarios for 19-Dec-2024 Gap Up Opening (100+ points): If Nifty opens above the Opening Resistance for Retracement at 24,359, this signals initial strength. - Monitor the first 30 minutes for price action confirmation. If Nifty sustains above 24,359, we may see a move towards the Last Intraday Resistance at 24,488 (red level). - Aggressive traders can look for long opportunities with a stop loss placed at 24,227 (blue level) on an hourly candle-close basis. - However, failure to sustain above 24,359 can lead to a retracement back towards the No Trade Zone (24,169). - Action Plan: - If the price closes an hourly candle above **24,359**, initiate longs with **targets** at **24,488**. - If it fails to hold above, avoid fresh trades and wait for price to return to the retracement zone. Flat Opening: If Nifty opens near the No Trade Zone (24,169 - 24,227), caution is required. A sideways price action is likely within this range. - Price needs to break out from this "No Trade Zone" to give clear direction. - Upside breakout above 24,227 could lead to a retracement test towards 24,359. - Downside breakdown below 24,169 can trigger a test of the Wave C correction zone at 24,098 - 24,029. - Action Plan: - Avoid trading in the "No Trade Zone" to minimize risk. - For longs, wait for a confirmed breakout above **24,227**. - For shorts, wait for a breakdown below **24,169**, targeting **24,098** first and then **24,029**. Gap Down Opening (100+ points): If Nifty opens near or below the Must Try Zone at Wave C completion (24,098 - 24,029), it signals a bearish start. - Watch for signs of support formation in this range. A strong bounce can lead to a reversal back toward 24,169. - However, if Nifty fails to hold this zone and breaks 24,029, further downside towards 23,600 could unfold (red trend). - Action Plan: - Look for buying opportunities if price holds above **24,029** with confirmation on the hourly chart. - If **24,029** breaks decisively, initiate short positions targeting **23,600**, with a stop loss above **24,098**. Risk Management Tips for Options Traders : Always use stop losses based on an hourly candle close to manage risks. Avoid trading in uncertain zones (e.g., "No Trade Zone") where the risk-reward ratio is unfavorable. For options, consider deploying spreads (e.g., Bull Call Spread or Bear Put Spread) to limit risk during gap openings. Avoid chasing trades in case of a sharp gap-up or gap-down; let the price stabilize for 30 minutes. Summary and Conclusion: Nifty remains at a critical juncture near the Wave C correction completion zone. Key Levels to Watch: Upside: 24,227, 24,359, 24,488 Downside: 24,169, 24,098, 24,029, and 23,600 Focus on breakouts or breakdowns for actionable trades, avoiding sideways moves. The yellow trend reflects sideways movement, green indicates a bullish reversal, and red shows bearish continuation. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders should conduct their analysis or consult a financial advisor before making decisions.
NSE:NIFTY
by LiveTradingBox
As Expected Mother Line resistance has come into playAs we had expected in Yesterday's message the closing below Mother line yesterday meant that Mother line resistance was supposed to come into play today and it did. Nifty made a high of 24394 and ominous mother line resistance was near by as can be seen in the chart and Nifty got rejected from there. Now Nifty is tossed into bottom searching mode. Today's low that is 24149.85 was a support zone and we saw a closing above it at 24198 which is the silver lining in the cloud. If 24150 is respected tomorrow we can start seeing some range bound upside. If the support of 24150 is not respected and we get a closing below this level the further supports for Nifty will be at 23904, 23803 or Strong Father line support at 23689. If 23689 is broken we can see a low of 23291 or so as of now. On the positive side if the support of 24150 is respected by Nifty the resistances on the upside will be near 24311, 24435 (Strong Mother line resistance), 24627, 24793 or even 24960. 24960 is a strong resistance to cross but if and when it is crossed we can see more upside as Bulls will start calling shots above this level. Thus the most critical supports are 24150 and 23689. Most critical resistances will be 24435 as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading levels and Plan for 18-Dec-2024Nifty Trading Plan for 18-Dec-2024 Previous Day Plan vs Actual: In yesterday's uploaded chart, we identified key levels of retracement and reversal zones. The Wave C completion zone (24,097 - 24,009) was highlighted as a potential support for buyers. As observed in today’s session, the price reacted strongly to this zone with a pullback, respecting the reversal area as anticipated. Additionally, the Golden Retracement Zone acted as intraday resistance, with prices consolidating sideways as shown in the Yellow Trend . Moving into 18-Dec-2024, we will adjust our plan based on the identified opening levels and trends. Trading Scenarios for 18-Dec-2024: Scenario 1: Gap Up Opening (100+ Points Above 24,319) If Nifty opens with a strong gap-up above 24,485 or near the Golden Retracement Zone , we should be cautious of immediate selling pressure. The first resistance to monitor is at 24,547 . Price action here will determine further moves: If prices sustain above 24,547 , expect an extension toward 24,686 (Last resistance for Intraday). Failing to sustain above 24,547 could lead to retracement back to 24,319 (Opening Support). Action Plan: Wait for a retest of support levels after the gap-up before initiating fresh longs. Avoid chasing prices. Tip: For option traders, focus on at-the-money call options with tight stop losses if support holds. ⠀⠀ ⠀⠀ Scenario 2: Flat Opening (Near 24,319 - Opening Support/Resistance Zone) If Nifty opens flat near the Opening Support/Resistance at 24,319 , we must observe whether buyers or sellers take control: If prices break above 24,319 and sustain, look for a move toward the Golden Retracement Zone at 24,454 - 24,485 . Failure to hold 24,319 could trigger selling pressure toward 24,150 and deeper levels like the Wave C completion zone. Action Plan: Observe 15-minute candle confirmation before taking any trade. Maintain a favorable Risk/Reward Ratio of at least 1:2. Tip: For options, consider selling put options if support holds or buying call spreads to minimize premium risks. ⠀⠀ ⠀⠀ Scenario 3: Gap Down Opening (100+ Points Below 24,319) If Nifty opens with a gap-down near the Wave C completion zone (24,097 - 24,009) , this area will act as strong support for buyers: Look for reversal signs (bullish candles) in this support zone for potential long entries with stop losses below 24,009 . If prices fail to reverse and sustain below 24,009 , expect further downside toward 23,950 . Action Plan: Focus on reversal confirmation at Wave C completion for long positions. Avoid shorting unless a clear breakdown occurs. Tip: For options, buying in-the-money call options at reversal zones reduces the impact of time decay. ⠀⠀ ⠀⠀ Risk Management Tips for Options Trading: Always keep a defined stop-loss for every trade to protect your capital. Avoid holding options positions overnight, especially during high volatility. Use spreads (e.g., Call/Put Spreads) to minimize the impact of premium fluctuations. Do not risk more than 1-2% of your capital per trade. Monitor the VIX index to gauge overall market sentiment and volatility levels. Summary and Conclusion: Bullish Scenario: Sustaining above 24,454 - 24,485 could trigger a move toward 24,686 . Sideways Scenario: Consolidation in the Golden Retracement Zone may dominate intraday moves. Bearish Scenario: A break below 24,009 could invite further selling pressure. Yellow Trend: Sideways Consolidation Green Trend: Bullish Move Red Trend: Bearish Breakdown Disclaimer: I am not a SEBI-registered analyst. The analysis provided is for educational purposes only. Please conduct your research or consult with a financial advisor before taking any trade.
NSE:NIFTY
by LiveTradingBox
2 Red Candles throw Nifty back to support searching mode. 2 intensive Red Candles with big selling throw Nifty back to support searching mode. The strong support zone is round the corner. The chart shows Nifty is nearing 2 major trend line supports at 24257 and 24175. If these 2 supports are broken further supports for Nifty will be at 23904 and 23803. Final Mega support for Nifty will be 23684 (200 day's EMA or Father Line Support) and recent low of 23291. On the upper side resistances galore at 24445 (50 day's EMA or Mother line) followed by 24627, 24793, 24960 and finally 25209. The selling has come on the back of Rupee hitting all time low and fears over US FED slowdown in the Rate Cuts in the year 2025 as inflation is not abetting and is continuing to grow. US Markets have already priced in 25bps rate cut for the ongoing FEd meeting. But more worry is regarding the commentary about 2025 and 1 or 2 more US FED meetings decisions before Trump administration takes over. With Nifty nearing critical support levels mentioned earlier volatility, bulls Vs bears FII Vs DII intense struggle is on cards. Bears have had an upper hand so far this week but Bulls can stage a fierce fight back any time within this week itself once Nifty confirms support. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading Plan and Levels for 17-Dec-2024🔹 Previous Day's Plan vs Actual (16-Dec-2024): In yesterday's plan, we identified the No Trade Zone near 24,696-24,750 and the Opening Resistance at 24,830, expecting sideways movement if prices hovered in this range. As seen in the chart, the price respected the No Trade Zone, consolidating before a pullback. The Opening Intraday Support at 24,526 provided a critical holding point, and prices staged a rebound. Today's plan will analyze multiple opening scenarios, key levels, and likely trends, helping traders prepare for action. 🔹 Nifty 50 Trading Plan for 17-Dec-2024: Scenario 1: Gap Up Opening (100+ points) If Nifty opens above 24,750 (No Trade Zone), the next critical resistance is at 24,830 (Opening Resistance). Sustaining above this level on an hourly candle close can trigger sharp short-covering, leading the index toward 25,041 (Profit Booking Resistance for 25,630). 🔹 Plan of Action: Wait for the first 15-30 minutes to observe if the gap up sustains. Enter long positions above 24,830 only if prices hold for an hourly close. Immediate stop loss can be placed just below 24,750 for risk control. 🔹 Bullish Continuation Target: Immediate Target: 25,041. 🔹 Risk Management: For options traders, consider ATM or slightly ITM CE options to manage premium decay. Avoid chasing the opening; let a pullback confirm strength. Scenario 2: Flat Opening (near 24,648-24,696) If Nifty opens flat, the No Trade Zone at 24,696-24,750 will play a critical role. This zone might act as a sideways region (Yellow Trend) if prices struggle to break out. 🔹 Plan of Action: Stay cautious inside the No Trade Zone as there may be choppy moves. A breakout above 24,750 or a breakdown below 24,526 will signal the direction. Go long above 24,750 with a stop loss below 24,696. Go short below 24,526, targeting 24,484 and lower levels. 🔹 Bullish or Bearish Confirmation: Bullish breakout: Above 24,750. Bearish breakdown: Below 24,526. 🔹 Risk Management: Use defined stop losses, and avoid overleveraging positions. For options, consider buying spreads to reduce premium risk. Scenario 3: Gap Down Opening (100+ points) If Nifty opens near or below 24,526 (Opening Intraday Support), the 24,484 and 24,309 levels will act as crucial supports. 🔹 Plan of Action: Observe price action at 24,526. If support holds, expect a bounce back toward 24,696. If 24,526 breaks, initiate short positions targeting 24,484 and 24,309. If prices drop below 24,309 (Last Intraday Support), it could lead to a sharp decline (Red Trend). 🔹 Key Levels for Shorts: Immediate Targets: 24,484 → 24,309. 🔹 Risk Management: Manage trades with strict stop loss above 24,526 for shorts. For options traders, consider buying OTM PE options for risk-limited trades. 🔹 Risk Management Tips for Options Traders: Avoid holding positions overnight in volatile market conditions. Use defined stop losses and trail profits to protect gains. Prefer spreads (CE/PE spreads) instead of naked buying to manage risk and decay. Wait for hourly candle closes at critical levels for better confirmation. 🔹 Summary & Conclusion: Above 24,750, expect bullish continuation towards 25,041. Flat opening inside the No Trade Zone requires caution; wait for breakout/breakdown. Below 24,526, bears can take control, with levels 24,484 and 24,309 acting as key supports. Watch price action near support/resistance and avoid random entries. 🔹 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Traders are advised to conduct their research or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty searching for upward momentum. Nifty has again held on to the Motherline support of 50 Hours EMA today and if it is able to cross the resistance of 24698 more upside can be on the cards. In such a scenario the resistances on the upside in addition to 24698 will be at 24775, 24852, 24975 and finally 25147. The supports for Nifty on the lower side seem to be at Mother line of 50 Hours EMA which is at 24852, 24398 Father line support of 200 hours EMA, Mid channel support at 24290 and finally the support is at 24174. Below 24174 Nifty become very weak. Above 25147 there will be a parallel channel breakout and Bulls will become very powerful. The signs are positive and despite a negative day on the browsers shadow of the candle is neutral to positive for tomorrow. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
#nifty50 - 16th DECEMBERNSE:NIFTY Nifty 50 Chart Analysis - Key Insights & Trading Plan Key Observations: Support and Resistance Levels: Support: 24,497 | 24,586.95 | 24,662.40 Resistance: 24,783.85 | 24,837.90 | 24,891.90 Price Movement: The price witnessed a downtrend followed by a strong recovery. A sharp upward movement has brought the price near 24,783.85, a significant resistance level. Current Position: The price is hesitating near the 24,783.85 resistance level, signaling a critical decision point. Trading Plan: Bullish Scenario: Breakout Above 24,783.85: Target: 24,837.90 → 24,891.90. Stop-Loss: Below 24,750. Bearish Scenario: Rejection at 24,783.85: Target: Support levels at 24,662.40 → 24,586.95. Stop-Loss: Above 24,800. Consolidation Strategy: Range-Bound Movement between 24,662.40 (support) and 24,783.85 (resistance): Buy near support, Sell near resistance. Summary: Breakout → Go long (buy). Rejection → Look for short opportunities. Watch for volume confirmation during breakouts or rejections to confirm strength. im not SEBI register.
NSE:NIFTY
by thetradeforecast
NIFTY : Trading Plan and levels for 16-Dec-2024Trading Plan for Nifty 16-Dec-2024 Intro: Yesterday's Plan vs Actual The chart uploaded for 15-Dec-2024 accurately depicted the market's movement. As anticipated, Nifty faced sharp recovery from mentioned zone after a sharp decline in prices. Monday’s plan builds on these insights, focusing on opening scenarios and trading strategies. Plan for Different Opening Scenarios Scenario 1: Gap-Up Opening (100+ Points Above 24,781) If Nifty opens significantly higher, near or above 25,053 : Expect resistance around 25,053 (marked red on the chart). Observe for rejection signals such as bearish candles or reduced buying momentum. Plan of Action: For aggressive traders: Initiate a short position with a target of 24,767 , placing a stop-loss above 25,100 on an hourly candle close basis. For conservative traders: Wait for a pullback toward the consolidation zone ( 24,653 - 24,767 ) for potential long positions, targeting a retest of 25,053 . Watch out for a decisive breakout above 25,053 , which can trigger further bullish momentum toward 25,335 . Scenario 2: Flat Opening (Near 24,781) If Nifty opens near the previous close: The consolidation zone ( 24,653 - 24,767 ) will act as a critical area. Plan of Action: Initiate long positions if Nifty sustains above 24,767 with targets of 25,053 . Place stop-loss below 24,653 . If Nifty slips below 24,653 , short positions can be considered with a target of 24,542 . Ensure a tight stop-loss above 24,653 . Pay attention to the price action in the yellow trend zone, as sideways movement could lead to traps. Scenario 3: Gap-Down Opening (100+ Points Below 24,781) If Nifty opens near 24,542 or lower: 24,542 is the opening support level (marked green on the chart). Observe for sharp recovery signs like bullish engulfing candles. Plan of Action: For bulls: Look for a recovery from 24,542 to target 24,653 with a stop-loss below 24,500 . If 24,542 breaks decisively, expect bearish momentum toward 24,217 . In this case, initiate shorts with a target of 24,217 and stop-loss above 24,542 . Risk Management Tips for Options Trading Avoid taking positions during the first 15-30 minutes of market opening to avoid false moves. For intraday options trading, use at-the-money or slightly in-the-money options to minimize time decay impact. Set a fixed risk percentage (e.g., 2-3% of your capital) per trade. Stick to it strictly. Avoid holding positions beyond your planned targets. Use trailing stop-losses to lock in profits during trending moves. Summary and Conclusion The key zones to watch today are: Support: 24,542 , 24,653 . Resistance: 25,053 , 25,335 . Green trend indicates bullish potential, yellow for sideways movement, and red for bearish scenarios. Adapt to price action at critical levels and prioritize proper risk management. Disclaimer: I am not a SEBI-registered analyst. All views are for educational purposes only. Traders should conduct their own analysis or consult with their financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading levels and plan for 13-Dec-2024Introduction In the previous day's plan, we analyzed the Nifty 50 Index and identified key support and resistance levels. The chart highlighted a sideways trend in the yellow zone, a bullish trend in the green zone, and a bearish trend in the red zone. The actual price movement today followed the anticipated path, consolidating within the highlighted zones and providing opportunities for both long and short trades. Trading Plan for 13-Dec-2024 Gap Up Opening (100+ points) If Nifty opens with a gap up above 24,711.00, it is crucial to watch for a retest of the last and important resistance for intraday at 24,735.00. If the price sustains above this level, initiate long positions targeting 24,940.00. Place a stop loss just below 24,711.00 to manage risk. If the price fails to sustain above 24,735.00 and shows signs of reversal, consider short positions targeting the opening support/resistance zone at 24,484.00. Monitor the price action closely and adjust stop losses to protect profits as the price moves in your favor. Flat Opening If Nifty opens flat around 24,539.50, observe the price action within the highlighted yellow zone. A breakout and sustained movement above this range can pave the way for Nifty to target levels of 24,711.00 and 24,735.00. Initiate long positions if the price breaks above the yellow zone with a stop loss just below the breakout level. If the price remains within the yellow zone, avoid taking new positions and wait for a clear breakout or breakdown. In case of a breakdown below the yellow zone, consider short positions targeting the support zone at 24,484.00. Gap Down Opening (100+ points) If Nifty opens with a gap down below 24,450.00, it is essential to watch for a retest of the opening support/resistance zone at 24,484.00. If the price fails to reclaim this level and shows signs of further weakness, initiate short positions targeting the extended zone for Wave C correction at 24,354.00. Place a stop loss just above 24,484.00 to manage risk. If the price sustains above 24,484.00 after a gap down, consider long positions targeting the yellow zone and monitor for a potential reversal. Adjust stop losses to protect profits as the price moves in your favor. Risk Management Tips for Options Trading Always use stop losses to limit potential losses. Avoid over-leveraging and trade within your risk tolerance. Diversify your trades to spread risk across different positions. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 13-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. For a gap-up opening, focus on sustaining above 24,735.00 for long positions. For a flat opening, watch for a breakout from the yellow zone. For a gap-down opening, monitor the 24,484.00 level for potential short positions. Implementing proper risk management strategies is crucial for successful options trading. Disclaimer I am not a SEBI registered analyst. The information provided is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Trendline sending Nifty in consolidation mode. Trendline sending Nifty in consolidation mode for last few days. The positive thing is that Nifty is still holding above 50 hours EMA which we call Mother Line. The Mother line is at 24545 and the closing we got today is 24548. So Mother line still remains support. There is an additional support at 24500 too in addition to Father line which is 200 Hours EMA is also a very important support. Father line is at 24364. Below 24364 Nifty will become weak again and we can see it fall to the levels of 24100, 23907 and 23187. Resistances for Nifty remain at 24723, 24904, 25240 and finally 25514. 25514 will be a strong resistance. If we get a closing above 25514 Bulls have potential to grip the market very firmly and take it to previous highs if not new highs. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
1
NIFTY : Trading Plan and levels for 12-Dec-2024NIFTY Trading Plan for 12-Dec-2024 Intro: Review of 11-Dec-2024 Plan vs Actual The trading plan for 11-Dec-2024 outlined key levels such as the Bullish Order Block (24,655–24,607) and the Liquidity Zone (24,820). As predicted, the market respected the "No Trade Zone" initially, followed by consolidation in the Liquidity Zone. The sideways movement highlighted by the yellow trend prevailed, with no significant breakout or breakdown occurring during the session. The Profit Booking Zone at 25,053 remained untouched. This demonstrates the importance of waiting for clear confirmation before executing trades. Today's updated chart builds upon these levels and provides actionable insights for 12-Dec-2024 based on anticipated price movements. Opening Scenarios and Plan for 12-Dec-2024 Gap Up Opening (+100 points or more above 24,652): If the market opens above 24,750: Resistance Zone: Immediate resistance remains at 24,820 (Liquidity Zone). Price could either consolidate here or witness selling pressure. Monitor price action for clear breakout signals. Action Plan: Avoid long entries near the Liquidity Zone unless a breakout above 24,940 is confirmed. Short positions can be initiated on rejection from 24,820, targeting 24,652. Alternate Scenario: Sustained movement above 24,940 indicates bullish momentum, with targets at the Profit Booking Zone (25,053). Yellow trend highlights a cautionary approach in consolidation zones. Flat Opening (Near 24,629–24,652): If the market opens flat: No Trade Zone: Expect price to oscillate within 24,629–24,652, indicating indecisiveness. Avoid trading in this range. Bullish Scenario: A confirmed breakout above 24,652 with a retest offers long opportunities, targeting the Liquidity Zone at 24,820. Bearish Scenario: A breakdown below 24,541.65 suggests bearish momentum, with potential shorts targeting Buyer’s Strong Support at 24,374–24,338. Yellow trend signals limited movement; wait for breakouts for better trades. Gap Down Opening (-100 points or more below 24,541.65): If the market opens below 24,450: Support Zone: The critical support lies at 24,374–24,338, aligning with Buyer’s Strong Support near the CHoCH level. Action Plan: Look for reversal signs near the support zone to initiate long trades with a tight stop loss below 24,300, aiming for 24,541.65. Alternate Scenario: If this support fails, avoid aggressive longs and wait for stabilization before entering. Red trend suggests bearish momentum; trade cautiously. Tips for Risk Management in Options Trading Use predefined stop losses to cap potential losses. For example, place stops below 24,541 for bullish trades and below 24,300 for reversal trades. Avoid trading during the first 15 minutes to allow for market direction to emerge. For option buyers, select ATM or slightly ITM options to reduce the impact of time decay. Maintain a 1:2 or higher risk-reward ratio to ensure consistent profitability. Position sizing should align with your risk tolerance to handle volatile price swings. Summary and Conclusion The NIFTY index remains in a consolidation phase with critical levels identified for bullish and bearish scenarios. Liquidity Zone (24,820) and Buyer’s Support (24,374–24,338) are key areas to monitor for actionable trades. Avoid trading in indecisive zones and wait for clear breakouts or breakdowns. Effective risk management remains crucial, especially in volatile markets. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please conduct your own research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Good consolidation by Nifty. Getting ready for another jump?The positive close today and the movement inside the star is indicative of a small or medium jump before it takes another break for consolidation if Nifty can continue to hold ground and close above critical resistance of 24743. Crossing and closing above 24743 is very important for this to happen. If we get a closing above 24743 the next resistances will be at the levels of 24904, 25240 and 25514. 25514 region looks again like a strong resistance zone which will require another consolidation or strong Bullish momentum to cross that zone. If Nifty is not able to close above 24743 then the current rally can become weak or we can even see fizzling out of the same. In such a scenario the supports for Nifty will be at 24422 (50 EMA Strong Mother line support on daily candle chart), 24294 and 24100. Below 24100 there is a strong support zone between 23907 Star base support, 23648 (200 days EMA very strong Father line support on daily chart), 23187. (Which is a very very strong support as it has the star bottom coinciding with Channel bottom support.)(This seems to be the worst case scenario as of now in unlikely circumstances). If you want to learn more about charts, Candle stick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand behavioural Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. The link to purchase the book is available at the bottom of this page in the signature section. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY : Trading Plan and levels for 11-Dec-2024Trading Plan for Nifty on 11-Dec-2024 Intro for the Previous Day's Chart Pattern : On 10-Dec-2024, Nifty exhibited a mixed trend with a sharp shift in demand zones. The chart revealed a significant buyer's support near the CHoCH (Change of Character) level, with a consolidation phase observed in the "No Trade Zone." The yellow trend marked sideways action, while green and red trends indicated bullish and bearish movements, respectively. The index also faced resistance in the liquidity zone, signaling profit-booking scenarios. Trading Plan for 11-Dec-2024 : Gap-Up Opening (+100 points or more above 24,620): A gap-up opening above 24,720 would position the index near the liquidity zone. Traders should: Wait for the first 15-30 minutes to observe price stability. If Nifty sustains above 24,780 (liquidity zone), initiate long trades targeting 24,891 (Resistance/Profit Booking Zone). Place a stop loss below 24,652 (Opening Resistance/Support Zone) on a closing basis. If prices face rejection near 24,820 , wait for a bearish hourly candle to confirm a downside move towards 24,680 . Avoid aggressive buying in the resistance zone. Flat Opening (near 24,620): A flat opening suggests indecision. Plan of action: Let the market settle for 15-30 minutes within the "No Trade Zone." Breakout above 24,652 can lead to bullish momentum, targeting 24,780 and higher. Breakdown below 24,541 could initiate bearish moves targeting 24,374 and 24,338 . Risk management is crucial here; tight stop losses are essential to avoid unnecessary losses. Gap-Down Opening (-100 points or more below 24,620): A gap-down opening near 24,500-24,480 will likely test the buyer's strong support zone around 24,374 . Actions to consider: If Nifty holds above 24,374 , initiate long trades for a reversal, targeting 24,541 (Opening Support Zone). If the index breaches 24,338 , prepare for further downside with targets at 24,280 . Wait for clear rejection or reversal patterns to confirm your entries. Avoid panic-selling in bearish moves. Tips for Options Trading Risk Management: Trade with defined stop losses and avoid holding positions beyond your risk appetite. Use "ATM" (At-The-Money) options for quicker returns in trending markets. For sideways trends, prefer strategies like straddle or strangle. Avoid over-leveraging, and never risk more than 2-3% of your trading capital on a single trade. Summary and Conclusion: Nifty's movement on 11-Dec-2024 will hinge on its ability to sustain critical zones like 24,652 and 24,374 . While green trends indicate bullish potential, red trends signal caution for bearish moves. Adhering to risk management principles and waiting for clear price action confirmation will enhance your trade quality and reduce unnecessary losses. Disclaimer: I am not a SEBI-registered analyst. All information provided is based on personal research and is for educational purposes only. Traders should perform their own analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
1
Mother Line supported Nifty to bounce back from day's low. Nifty made a high of 24677 but then felt heat of the resistance and fell over 167 points until Mother Line supported Nifty to bounce back from day's low. Nifty closed flat to slightly negative at 24610. Closing -8.95 points in the negative. Closing above Mother line again is a positive sign with indices like Realty, IT, PSU Banks, Metal, Finance, MNC, FMCG, services ending in the positive. The laggard indices were PSE, Auto, Pharma, Consumption, Capital Goods, meida, infra and Energy. Nifty Supports remain at: 24584, 24501 (Mother line support of 50 Hours EMA), 24328 (Father Line support of 200 Hours EMA), 24172 (Mid channel support), 24005 and finally 23869 closing below which bears can take control of Nifty. Nifty Resistances remain at: 24641, 24693, 24759, 24858 and finally 24981 (Chanel top resistance) Above 24981 closing there can be another massive bullish breakout in Nifty. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment