NIFTY : Trading Levels and Plan for 24-Jan-2025📈 NIFTY Trading Plan for 24-Jan-2025 📊
Below is the comprehensive trading plan for NIFTY for all opening scenarios on 24-Jan-2025. Follow the levels carefully and adapt to market conditions. 🚀
🌟 Scenario 1: Gap-Up Opening (100+ Points) 🌟
If NIFTY opens above 23,325 :
📌 Look for resistance near 23,475-23,541 (Profit booking zone).
🔼 If it sustains above 23,541 , expect further upside momentum towards 23,650 .
🔄 Watch for a reversal or profit-booking signal near the resistance levels for short opportunities.
📉 If it fails to sustain above 23,325 , the market may retest the support zone at 23,217-23,198 .
💡 Tip: 🛑 Avoid aggressive entries at higher levels; wait for confirmation of breakout or reversal patterns.
📏 Scenario 2: Flat Opening (±50 Points) ⚖️
If NIFTY opens between 23,217-23,198 :
👀 Monitor the Opening Support Zone: 23,123-23,158 .
⚠️ A breakdown below 23,123 could drive the index to 23,039 (next support zone).
🟢 For bullish trades, wait for clear rejection signals at 23,123 or a breakout above 23,325 for upward momentum.
🔄 Be cautious in the no-trade zone, as the market might consolidate before giving a clear direction.
💡 Tip: During flat openings, focus on managing risk and allow the market to define its trend for the day. ✅
📉 Scenario 3: Gap-Down Opening (100+ Points) 🛑
If NIFTY opens below 23,123 :
🛡️ Immediate buyer support is expected near 22,897-22,930 . Watch for reversal candles or accumulation at this level to enter long trades.
📉 If it fails to sustain above 22,897 , a further downside towards 22,800-22,750 is possible.
🔼 On the upside, the Opening Resistance Zone: 23,123-23,158 will act as a critical area for the reversal.
💡 Tip: ⚡ Use smaller lot sizes in gap-down scenarios and avoid overleveraging, as the market might experience high volatility.
⚙️ Risk Management Tips for Options Trading 📌
🧮 Always define your risk before entering a trade. Limit your exposure to 2-3% of your trading capital per trade.
⛑️ Use stop-loss orders for all trades, especially in volatile markets.
🌙 Avoid holding positions overnight without a hedge. Intraday traders should square off positions if levels are not respected.
💡 Focus on ATM (At-The-Money) or slightly OTM (Out-The-Money) options for better liquidity.
🔍 Summary and Conclusion 📊
🎯 The key resistance for the day is 23,325 , with a target of 23,541 on the upside.
🛡️ Strong buyer support is expected near 22,897-22,930 .
⚖️ Avoid trading in consolidation zones and wait for breakout/reversal confirmation.
📈 Remember, successful trading comes from proper planning and disciplined execution. 🚀
❗ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk and discretion. 😊
Niftyoptions
Nifty Review & Analysis - Daily
Price Action :
Nifty opened flat and 1st half of session traded sideways and tested previous day’s low to find some buying around 23000 levels and bounced to close above 23150.
Technicals:
Nifty was calm for most of the day and consolidated around 23000 levels and bounced in last part of session to close above 23150 (near term Resistance) around day’s high, which is a positive take away for the day. The index formed a kind of Bullish Harami
Nifty trading below 10, 20, 50, and 200-day EMAs.
The momentum indicators, RSI - Relative Strength Index improved to 39, and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists.
Support/Resistance
Major Support 22800
Immediate Support 22950
Immediate Resistance 23300
Major Resistance 23450
Trend:
Nifty is in bearish trend very weak.
Options Data:
Weekly Options data suggests huge Call build up at 23200-23300 and 23500 levels suggesting major Resistance
Put Writing seen at 23000 and 23100 levels suggesting Support.
PCR improved to 0.8
Futures Data:
FII Long/Short ratio came down to 17.5%
Nifty Futures saw marginal increase with increase in Open Interest suggesting Long addition
Outlook for Next Session:
Nifty might consolidate and try to head higher if Short covering/Buying energes above 23150, till 23350 taken out can go Short at higher levels for tgt 23000.
Approch:
Long above 23350
Short at 23200 for tgt 23050-100
Short below 22950 for tgt 22700
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
Long in Feb Series CE
Nifty Review & Analysis - Daily
Price Action :
Nift saw a Gap-up opening with positive overnight ques but failed to sustain higher levels and saw huge selling from opening. Today’s session was very volatile which saw a quick bullback from 23150 levels to agin find sellers at 23400 levls. Nifty finally tested below 23000 levels after 6-7 months closing at 6 month low.
Technicals:
Nifty was very volatile, couldn’t trade past even 10DEMA also. The index formed a strong bearish candle trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 35), and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists.
Support/Resistance
Major Support 22800
Immediate Support 22950
Immediate Resistance 23150
Major Resistance 23400
Trend:
Nifty is in bearish trend very weak.
Options Data:
Weekly Options data suggests huge Call build up at 23500 23300 and 23200 levels suggesting major Resistance
Put Writing seen at 23000 and 22800 levels suggesting small Support.
PCR improved to 0.74
Futures Data:
FII Long/Short ratio came down to 17%
Nifty Futures was negative with huge increase in Open Interest suggesting Shorts addition
Outlook for Next Session:
Nifty might see lower levels below 22950
Approch:
Short at every rise and below 22950
Wait for today’s Low to break for further direction
My Trades & Positions:
holding Shorts
Nifty Futures intraday on Jan 21, 2025The market is expected to be bearish today, with Nifty Futures likely to find support at 23,110. The 'Dynamic Buy/Sell' indicator confirmed a sell signal yesterday, January 20th, at 15:20 hrs. This non-repainting indicator, equipped with auto stop-loss models, primarily responds to price action, helping traders stay objective and avoid emotional decisions.
BUY NIFTY 23250 CE 23RD JAN @ 200 - 195 | NIFTY LONG TRADENIFTY 23650 CE 9TH JAN EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty looks good to buy on dips and currently trading near support levels. We anticipate an upside movement from here and one can consider buying the 23250 CE (Call Option) with a 23rd January 2025 expiry in the price range of 200 - 195.
Target levels: 240, 270, 320
Stop Loss (SL): ₹125
Regards,
OptionsDaddy Research Team
NIFTY : Trading Plan and Important levels for 13-Jan-2025Key Levels to Watch:
Profit Booking Zone: 23,775 – 23,830
Last Intraday Resistance: 23,663
Opening Resistance: 23,588 – 23,613
No Trading Zone: 23,437 – 23,470
Opening Support: 23,339
Initial Support: 23,250
Buyer's Support Zone: 23,057 – 23,094
Gap Up Opening (100+ Points Above)
If Nifty opens above 23,613:
Monitor price action near the 23,663 resistance zone. A breakout with strong volume above this level can lead to a rally towards the Profit Booking Zone at 23,775–23,830. Consider initiating long positions if confirmation occurs.
If the price struggles near 23,663, wait for a rejection pattern and evaluate for potential pullback trades back to the Opening Resistance zone (23,588–23,613).
💡 Risk Management Tip: When trading gap-ups, avoid entering impulsively. Let the price settle for the first 15 minutes. Use tight stop losses for trades near resistance zones.
Flat Opening (±50 Points Around 23,437)
If Nifty opens within the No Trading Zone (23,437–23,470):
Stay cautious and avoid taking trades until the price breaks out of this consolidation range.
A breakout above 23,470 with strength can lead to a move toward the Opening Resistance zone (23,588–23,613). Enter long positions only after a successful retest of this breakout.
A breakdown below 23,437 could push the price toward Opening Support (23,339). Short positions can be initiated after confirmation.
💡 Risk Management Tip: Avoid overtrading in no-trade zones. Patience is key to spotting high-probability setups.
Gap Down Opening (100+ Points Below)
If Nifty opens below 23,339:
Watch for buying opportunities in the Initial Support zone (23,250). If the price forms a bullish reversal pattern, consider entering long trades targeting the Opening Resistance zone (23,588–23,613).
If selling pressure persists and Nifty moves toward the Buyer's Support Zone (23,057–23,094), this zone becomes crucial for long trades with tight stop losses.
A breach of 23,057 with strong volume can lead to further downside. Avoid long trades until support is regained.
💡 Risk Management Tip: In gap-down scenarios, avoid catching falling knives. Use smaller lot sizes and wait for strong reversal signals before entering trades.
Summary & Conclusion
For a gap up, focus on levels above 23,613 and monitor the resistance zones carefully for breakouts or rejections.
For a flat opening, wait for a breakout or breakdown from the No Trading Zone (23,437–23,470) to avoid false moves.
For a gap down, be patient around Initial Support (23,250) or Buyer's Support Zone (23,057–23,094) for reversal trades.
💡 Options Trading Tip: Use OTM strikes near key levels for intraday trades. Always hedge your positions, especially in volatile conditions.
Disclaimer:
I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult with your financial advisor before taking any trades. Trade responsibly!
BUY NIFTY 23650 CE 9TH JAN EXP @ 28 - 25 | NIFTY LONG TRADENIFTY 23650 CE 9TH JAN EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is currently trading a support level, and we anticipate an upside movement from here towards 23680 - 23700. We recommend buying the 23650 CE (Call Option) with a 9th January 2025 expiry in the price range of 28 - 25.
The target levels are 50 and 70, with a stop-loss set at 19.
Regards,
OptionsDaddy Research Team
NIFTY : Trading levels and Plan for 30-Dec-2024Trading Plan for Nifty - 30-Dec-2024
Intro: Review of Previous Plan (27-Dec-2024)
In the previous trading plan, we highlighted key zones, including the No Trade Zone (23,761–23,830) , the Last Intraday Resistance (24,010–24,058) , and the Buyer’s Support at 23,427 . As evident in the uploaded chart, Nifty traded within the highlighted zones, respecting the identified levels. The sideways momentum (Yellow trend) continued for most of the session, and an intraday attempt to breach the resistance zone was met with selling pressure, resulting in a close near the No Trade Zone.
Key Color Codes in the Plan:
Yellow Trend: Sideways
Green Trend: Bullish
Red Trend: Bearish
Trading Plan for 30-Dec-2024:
Scenario 1: Gap-Up Opening (100+ points above 23,930)
If Nifty opens above 23,930 , the market will be entering a bullish momentum zone. Look for a retest of the 24,010–24,058 resistance zone.
If the resistance is broken and sustained (hourly close above 24,058), initiate a long position targeting the retracement profit-booking resistance at 24,310 .
Place a stop-loss below the breakout level at 23,980 .
If the resistance holds, wait for rejection signals (red bearish candles) to initiate a short trade with a target of 23,761 .
Scenario 2: Flat Opening (23,800–23,850)
A flat opening indicates consolidation within the No Trade Zone (23,761–23,830) .
Avoid aggressive entries until Nifty decisively breaks out of the zone.
A breakout above 23,830 may signal a bullish move toward 24,010 . Look for confirmation with volume before entering a long trade .
On the downside, a breakdown below 23,761 could push Nifty toward 23,636 , the Last Intraday Support. In this case, initiate a short position with a stop-loss above 23,800 .
Scenario 3: Gap-Down Opening (100+ points below 23,730)
A gap-down opening below 23,730 signals bearish momentum. Observe if the price approaches the Buyer’s Support at 23,427 .
If the support holds, watch for reversal patterns (e.g., hammer or bullish engulfing) to initiate a long position targeting 23,761 .
A breakdown below 23,427 could extend the bearish trend to 23,300 or lower. Initiate a short trade if the breakdown is confirmed with a stop-loss above 23,500 .
Risk Management Tips for Options Trading:
Use defined risk strategies such as debit spreads to limit potential losses.
Avoid holding positions close to expiry to reduce time decay impact.
Trade with 1–2% of your total capital per trade to manage exposure.
Be cautious of high IV (Implied Volatility) spikes during gap openings.
Summary and Conclusion:
The plan emphasizes trading with confirmation signals and respecting highlighted zones.
Stay disciplined in the No Trade Zone to avoid unnecessary risks.
Follow the breakout and breakdown scenarios with defined stop-loss levels to maintain a favorable risk-reward ratio.
Disclaimer:
I am not a SEBI-registered analyst. All views are for educational purposes only. Traders are advised to do their analysis or consult with a financial advisor before making trading decisions.
The Nifty Intraday trend forecast for December 30, 2024The intraday trend appears bearish for December 30, 2024. Please note that the levels provided may vary due to gaps on either side. Always ensure that a stop-loss is applied to every trade. Keep in mind that derivatives trading carries significant risks.
NIFTY : Trading levels and plan for 27-Dec-2024Trading Plan for Nifty – 27-Dec-2024
Intro: Yesterday's Plan vs. Actual
In yesterday’s plan, we highlighted the Golden Retracement Zone (23,603-23,703) and Last Resistance Zone for Intraday (23,891) as key levels to watch. The market opened near the consolidation zone (Yellow Trend), showing initial resistance at 23,760. The breakout towards 23,891 confirmed our bullish outlook (Green Trend), while reversals near the Profit Booking Zone (24,018-24,058) validated the importance of profit-taking zones.
Let’s now craft a detailed plan for 27-Dec-2024, keeping education and execution in focus.
Detailed Trading Plan for 27-Dec-2024
Gap-Up Opening (+100 points or more above 23,850):
A significant gap-up indicates strength, with Nifty likely testing the Last Resistance Zone for Intraday at 23,891. Sustained trading above 23,891 could lead to a rally toward the Profit Booking Zone at 24,018-24,058. This zone should be treated as a target for intraday traders, with potential reversals expected near 24,058.
⚠️ Action Plan: Avoid chasing the gap-up blindly. Instead, wait for a retest of 23,891 for long entries. If the price holds, aim for 24,018 and beyond.
💡 Risk Management Tip: Use trailing stop losses for options trades near resistance zones to lock in profits.
Flat Opening (Near 23,760-23,850):
A flat opening suggests indecision, with Nifty likely oscillating within the Golden Retracement Zone (23,703-23,760) initially. A breakout above 23,760 could push the index towards 23,891, while a breakdown below 23,703 may trigger bearish momentum towards 23,608.
⚠️ Action Plan: Observe the first 30 minutes of price action. For bullish trades, wait for confirmation of a breakout above 23,760. For bearish trades, look for rejection at 23,703, targeting lower levels.
💡 Risk Management Tip: Straddle or strangle strategies in options can be effective in such scenarios to capture directional moves.
Gap-Down Opening (-100 points or more below 23,760):
A gap-down opens the door for bearish moves, with immediate support at 23,608. A breakdown below 23,608 can extend the decline towards the Last Support Zone at Extended Retracement (23,495-23,446). Watch for potential reversals in this demand zone for contrarian trades.
⚠️ Action Plan: Avoid panic selling at the open. Look for a bounce at 23,495 for long entries with tight stop losses. If bearish momentum sustains below 23,495, initiate short trades targeting lower levels.
💡 Risk Management Tip: For bearish trades, consider bear put spreads to manage risk in a trending market.
Summary and Conclusion
For 27-Dec-2024, the key levels to watch are 23,891 on the upside and 23,608 on the downside. Gap-up openings need patience for confirmation, while flat and gap-down scenarios offer better risk-reward opportunities. Manage your trades with proper hedging strategies and always prioritize disciplined exits.
Risk-Managed Option Selling Strategy: Nifty50 23900 CallMarket Outlook:
I hold a highly bearish view on the Nifty50 23900 Call Option with an expiry date of 26th December 2024. This outlook is based on a detailed analysis of market trends and proprietary indicators.
Entry and Stop-Loss Levels:
Entry Level: Ready to sell the 23900 Call option at or above ₹142.40.
Stop-Loss: Maintain a strict stop-loss at ₹202.10 to manage risk effectively.
Additional Criteria:
This strategy involves a specific criterion that is integral to trade execution but will not be disclosed openly.
Risk Management:
This strategy is designed with a focus on controlling potential losses through predefined stop-loss levels.
Option selling involves substantial risk, including the possibility of unlimited losses. Therefore, ensure appropriate margin and capital allocation based on individual risk tolerance.
Disclaimer:
This strategy is shared for informational purposes only and does not constitute financial advice. Options trading involves high risk and may not be suitable for all investors. Always conduct your own research or consult a certified financial advisor before executing trades. Past performance is not indicative of future results.
Nifty Intraday Trade Setup | 24th DecemberNifty opened with gap-up around 23740 and after consolidating Nifty went up but 23870 acted as strong rejection zone and we saw more than 200 points fall from day high.
Tomorrow, Buy Nifty if sustains above 23830 for the targets of 23880 and above marked level. On the other side, Sell Nifty if sustains below 23650 for the targets of 23590 and below marked level on the chart.
Expectations: Volatile day
Intraday Levels:
Buy Above - 23830
Sell Below - 23650
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
NIFTY : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Nifty Trading Plan
On last trading session prices met with the targets on breaking and sustaining below mentioned levels and met with all targets on down side. Strategies for upcoming trading session
Color-Coding:
Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend.
23-Dec-2024 Trading Scenarios:
Gap Up Opening (+100 points):
If Nifty opens above 23,953 but below 24,058 , expect initial resistance at 24,058 . Watch for rejection signals such as bearish candlestick patterns (e.g., pin bars or engulfing) to initiate short trades targeting 23,747-23,603 .
However, if prices sustain above 24,058 , this zone transforms into support, indicating bullish sentiment. Enter long trades cautiously above 24,058 with targets of 24,300-24,400 . Use a stop loss at 23,950 .
Flat Opening:
A flat opening near 23,631-23,603 suggests the no-trade zone remains intact. Wait for a breakout above 23,747 or a breakdown below 23,603 .
Above 23,747: Long trades targeting 23,953-24,058 .
Below 23,603: Short trades targeting 23,281-23,194 . Use stop losses based on an hourly close for safer risk management.
Gap Down Opening (-100 points or more):
A gap down below 23,603 places immediate focus on the buyer’s support zone at 23,281-23,194 . Look for bullish reversal patterns (e.g., hammer or bullish engulfing) within this zone to initiate long trades.
If prices break below 23,194 , bearish momentum could intensify. Short trades targeting 23,000-22,850 become viable. Maintain a stop loss above 23,281 for these positions.
Risk Management Tips for Options Trading:
Use defined risk strategies like buying options or limited-loss spreads.
Avoid aggressive averaging when trades move against your position.
Always calculate the maximum loss potential before entering trades.
Exit positions if the index stays in the no-trade zone for extended periods.
Summary & Conclusion:
Nifty’s trading action on 23-Dec-2024 will revolve around the critical zones discussed. Respect the defined levels and avoid impulsive trades within the no-trade zone. Wait for confirmation before entering trades to maximize risk-reward ratios.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
The Nifty spot intraday trend forecast for December 23, 2024The Nifty spot intraday trend for December 23rd indicates a bearish outlook. With the previous support level breached, the next strong support is at 23,020. However, it is important to note that timing plays a crucial role in all market activities. Our bearish outlook is expected to continue until December 27th, 2024.
Please be aware that the mentioned levels may vary due to potential gaps on either side. This content is intended solely for educational purposes, and I strongly advise against trading in derivatives.
BUY NIFTY 24000 CE 26TH DEC EXP @ 185 - 180 | NIFTY LONG TRADENIFTY 24000 CE 26TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is currently trading near a key support level, and we anticipate a potential bounce from these levels. Consider buying the 24000 CE (Call Option) 26th December expiry at a price range of 185–180. Target levels are set at 240, 280 with SL @ 120.
Regards,
OptionsDaddy Research Team
BUY NIFTY 23800 PE @ 130 - 135 | NIFTY SHORT TRADENIFTY 23800 PE 26TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty is breaking the support range. We recommend considering the purchase of the 23800 Put Option (26th December expiry) in the price range of 130-135.
Target levels are set at 180 and 240 with SL @ 100.
Regards,
OptionsDaddy Research Team
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.
BUY NIFTY 24000 CE 26TH DEC EXP @ 165 - 160 | NIFTY LONG TRADENIFTY 24000 CE 26TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
Nifty is currently trading near a key support level, and we anticipate a potential bounce from these levels. Consider buying the 24000 CE (Call Option) 26th December expiry at a price range of 165–160. Target levels are set at 220, 280 with SL @ 130.
The Nifty spot intraday trend forecast for December 19, 2024The Nifty intraday trend is likely to be bearish tomorrow ie December 19, 2024. The positional trend also looks bearish till the end of the month. There are strong support zones for Nifty spot on the positional side at 23678 and 23381 by end of December 2024.
For the positional Nifty trend forecast chart, please refer to the post dated on 30th November 2024 published for Trading view members only.
The content provided here is only for the educational purposes.