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
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Niftyoptions
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 : 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.
Nifty 50 hero zero trade for 19 December 2024 expiry Trading Guidance for NIFTY50 index options
In the world of trading, greed and fear are your worst enemies. Trading without full knowledge and proper back testing—whether of your own trades or the advisors' suggestions—is a recipe for disaster.
Important Note: Read and understand everything in this post and any accompanying images before taking any trade action.
Nifty 25000 Call Option
Current Scenario: There's a gap in the Nifty 50 index which could drag the index towards 24720 around expiry (possibly on Friday when Sensex has its weekly expiry). This is a high-risk, high-reward trade (hero or zero).
Buying Price: ₹5.10
Maximum Potential: ₹235
Target Price: Set the final target at ₹184, as the price is expected to drop sharply after reaching between ₹140 and ₹235.
Profit Strategy: If the price hits ₹140, it's wise to take some profits. Don't be greedy.
Loss Strategy: Cut half the trade amount if it drops to ₹3 in loss or reaches ₹10 in profit, whichever comes first.
Best Timing: Aim to enter or exit trades during high market activity periods to maximize gains and minimize losses.
Capital Management
Divide Your Capital: If you're following my trading suggestions, divide your total capital by 40. No single trade should exceed 1/40 of your capital.
Risk Management: Only trade with money you can afford to lose. Avoid going all-in to ensure you have funds for future trades in case one fails.
Market Conditions
Stay updated with the latest market trends and news that could impact the Nifty 50 index.
Learning Resources
For those looking to deepen their understanding, consider reading books on options trading, attending webinars, or following reputable market analysts.
Risk Disclaimer
Remember, trading options involves substantial risk and may not be suitable for every investor. Always trade responsibly.
For more information about money management for options trading, feel free to contact me. I'll provide all the details you need. Remember, prudent management of your capital is crucial to long-term trading success.
Stay informed and trade wisely!
BUY NIFTY 24550 PE @ 130 - 125 | NIFTY SHORT TRADENIFTY 24550 PE 19TH 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 24550 Put Option (19th December expiry) in the price range of 130-125.
Target levels are set at 165 and 195 with SL @ 90.
Regards,
OptionsDaddy Research Team
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.
The Nifty spot intraday trend forecast for December 17, 2024I am bullish tomorrow. While calculating the Nifty spot levels, gaps on the either side are not taken into account. So levels may vary.
The content provided here are only views and the real-time market may not be in line to my forecast. Use it only for educational purposes.
BUY NIFTY 24650 PE @ 130 - 135 | NIFTY SHORT TRADENIFTY 24650 PE 19TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty has been under selling pressure. We recommend considering the purchase of the 24650 Put Option (19th December expiry) in the price range of 130-135.
Target levels are set at 165 and 195 with SL @ 90.
Regards,
OptionsDaddy Research Team
Nifty Trading Strategy for 15th December 2024Nifty Trading Strategy
Key Levels:
Buy Above: The high of the 5-minute candle which closes above 24,940
Sell Below: The low of the 5-minute candle which closes below 24,600
Risk Strategies:
Risk Strategy 1:
If the market opens with a gap up around 24,820-24,840, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Risk Strategy 2:
If the market opens with a gap up around 24,920-24,950, wait for the first 5-minute candle to close.
Enter a buy position above the high of the first 5-minute candle.
Enter a sell position below the low of the first 5-minute candle.
Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions.
Additional Tips:
Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals.
Risk Management: Always use a stop-loss to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact Nifty.
Disclaimer:
I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
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.
The Nifty Spot Intraday trend forecast for December 16, 2024Here is the Nifty intraday likely trend for December 16, 2024. The trend looks bearish during the day. There is a possibility of Gap up opening. The intraday levels provided in the graph may vary subject to Gaps on the either side. This information is only for educational purposes.
Next Target 25400 Analysis on NSE:NIFTY
After facing resistance near the 24,850 level, there was no significant follow-through selling pressure. This lack of bearish momentum might indicate a potential bullish move towards the 25,400 - 25,500 levels.
Disclaimer:
I am not SEBI-registered. This is NOT trading advice.
BUY NIFTY 24600 PE @ 280 - 285 | NIFTY SHORT TRADENIFTY 24600 PE 19TH DEC EXP
NIFTY OPTIONS BUYING TRADE
TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS
Hi Traders,
The Nifty has been under selling pressure. We recommend considering the purchase of the 24600 Put Option (19th December expiry) in the price range of 280-285, starting with a small quantity. You can look to add more if the price moves to the 250-245 range.
Target levels are set at 350 and 420 with SL @ 220.
Regards,
OptionsDaddy Research Team