#NIFTY Intraday Support and Resistance Levels - 24/01/2025Today will be slightly gap up opening expected in nifty. Expected opening above 23250 level. After opening if it's sustain above this level then possible upside rally upto 23450+ in today's session. Any further downside movement expected below 23200 level.
Niftyprediction
NIFTY 50 Previous fall with correlation to the RSIHi All,
Just my observation 😀
It seems when ever nifty has been overbought it has fallen/corrected sharply ranging in the months between 9-15 months. Also the RSI have also cool down a lot faster than the previous falls. So hoping for a recovery from March 2025 onwards.
Thank You
#NIFTY Intraday Support and Resistance Levels - 23/01/2025Flat or slightly gap down opening expected in nifty. After opening if nifty gives reversal from 23150 level then possible downside movement upto 23000 level in today's session. Further upside rally only expected if nifty starts trading and sustain above the 23200 level in today's session.
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. 😊
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 : Trading Levels and Plan for 23-Jan-2025Trading Plan for NIFTY: 23-Jan-2025
📌 Educational Trading Plan for All Opening Scenarios
This plan considers various market opening scenarios with 100+ points gap. Be prepared to adapt to changing trends and price levels with a disciplined approach. Let's analyze:
1. Gap-Up Opening (100+ Points)
If NIFTY opens near the 23,200–23,325 zone (Opening Resistance and Intraday Resistance) :
Monitor price action around 23,200 . If a rejection occurs, look to short with targets at 23,127 and 23,074 .
A breakout above 23,325 with strong bullish candles could lead to further upside. If sustained, consider long trades targeting 23,400+ .
Keep a stop-loss just above 23,325 for shorts or below 23,200 for longs.
📈 Pro Tip: Gap-up days can trap traders; wait for 15–30 minutes of price action confirmation before entering a trade.
2. Flat Opening
If NIFTY opens between 23,127–23,200 :
Observe the movement within this NO Trade Zone (23,127–23,176) . Avoid trades until a breakout or breakdown is clear.
A breakout above 23,176 can signal bullish momentum toward 23,200 or 23,325 . Go long if strength persists.
On the flip side, a breakdown below 23,127 could lead to bearish momentum toward 23,074 or 23,017 .
📉 Pro Tip: Stick to smaller lot sizes when trading within tight ranges or zones.
3. Gap-Down Opening (100+ Points)
If NIFTY opens near the 23,017–22,851 zone (Buyer’s Support Zones) :
Watch for a bounce around 23,017–23,074 . If a bullish reversal forms, consider long trades targeting 23,127 and 23,200 .
If this zone is breached and NIFTY moves below 22,851 , expect further downside with targets near 22,800 and 22,700 . Initiate shorts cautiously.
📈 Pro Tip: Volatility in gap-down scenarios can be high. Trade with stop-losses and avoid revenge trading.
💡 Tips for Risk Management in Options Trading
Trade only with a defined risk-reward ratio (1:2 or better).
Avoid over-leveraging. Use a maximum of 10–15% of your capital for a single trade.
In volatile markets, stick to ATM (At-The-Money) strikes for better liquidity and lower premiums.
Use trailing stop-losses to lock profits in trending markets.
Don’t hesitate to stay out if levels aren’t clear or if the market is choppy.
Summary & Conclusion
Key levels to watch: 23,200 (Resistance) , 23,127 (Critical Zone) , and 22,851 (Support) .
Stick to the plan and avoid emotional trading.
Be patient and wait for clear confirmations before initiating positions.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade responsibly and consult with a financial advisor.
✨ Happy Trading!
Nifty Futures Intraday trend forecast for Jan 23, 2025According to my Dynamic Signals, the Daily trend is still bearish. Tomorrow ie on Jan 23, the Nifty intraday trend looks bearish on the cards with the support at 22817. Once I get the signal confirmation, I consider Nifty Puts and trail my stops as suggested by Dynamic signal indicator.
This information is only for the educational purposes.
#NIFTY Intraday Support and Resistance Levels - 22/01/2025Gap up opening expected in nifty near 23150 level. After opening if it's give reversal from this level then expected downside upto 23000 and this can be extend for further 100-150+ points in case nifty starts trading below 22950 level. Any upside rally only expected if it is starts trading and sustain above 23200 level.
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 : Trading Levels and Plan for 22-Jan-2025🔖 Nifty Trading Plan for 22-Jan-2025
📊 Key Levels:
Resistance Zones: 23,097–23,201, Last Intraday Resistance: 23,330
Support Zones: 22,962, 22,689 (Last Intraday Support)
1️⃣ Gap-Up Opening (100+ points)
If Nifty opens above 23,201:
Watch for price action near the Last Intraday Resistance (23,330). A rejection from this level could offer a short trade opportunity with a target towards 23,201.
A sustained breakout above 23,330 can signal strong bullish momentum, and a long trade with a trailing stop-loss could be beneficial to ride the trend higher towards the next possible profit-taking zone near 23,435.
📌 Educational Insight: Gap-ups above resistance zones can often trigger profit booking or reversal patterns. Always wait for a confirmation candle before entering any trades.
2️⃣ Flat Opening (Within 22,962–23,097)
Focus on the reaction at the Opening Resistance Zone (23,097). If Nifty fails to sustain above this zone, shorting the market with a target towards 22,962 could be favorable.
Conversely, if Nifty holds above 23,097, a long trade targeting 23,201 may be considered, with a tight stop loss below 23,052.
A breakdown below 22,962 may signal bearish momentum, opening short trades towards the Last Intraday Support at 22,689.
📌 Educational Insight: Flat openings provide the best opportunity for observing market sentiment. Let the market settle for the first 15–30 minutes for better clarity before making any trade decisions.
3️⃣ Gap-Down Opening (100+ points)
If Nifty opens near 22,689 or below:
Look for a reversal near the Last Intraday Support (22,689–22,830). A strong bounce here could provide a long trade targeting 22,962 or higher.
However, if Nifty sustains below 22,689, it might indicate further bearishness, and shorting the market with a target toward 22,600 could be considered.
📌 Educational Insight: Gap-down openings often lead to panic or aggressive buying at support levels. It is essential to wait for confirmation through price action and volume before entering trades.
📌 Risk Management Tips for Options Trading:
Use defined stop-loss levels and avoid over-leveraging during volatile market conditions.
Trade spreads (like bull/bear spreads) to limit potential losses during high implied volatility (IV) conditions.
Keep an eye on hourly candle closures for added confirmation of trend direction.
Avoid entering trades within the first 15 minutes of the market opening. Let the market settle to avoid false breakouts or breakdowns.
🔍 Summary & Conclusion:
Gap-Up: Watch for action near 23,201–23,330. Focus on rejection or breakout opportunities.
Flat: Key action zone around 23,097; observe for potential breakouts or breakdowns.
Gap-Down: Look for buying opportunities near 22,689, but be cautious of further bearish trends if support is broken.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult a financial advisor or conduct your own analysis before trading.
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.
#NIFTY Intraday Support and Resistance Levels - 21/01/2025Gap up opening expected in nifty. Expected opening near 23350 level. After opening possible nifty will consolidated in between 23300-23400 zone. If nifty starts trading and sustain above 23400 then expected sharp upside rally upto 23600+ level. Any major downside only expected below 23300 level.
NIFTY : Trading levels and Plan for 21-Jan-2025🔖 Nifty Trading Plan for 21-Jan-2025
📊 Key Levels:
Resistance Zones: 23,404–23,435 (Important Intraday Resistance), Profit Booking Zone: 23,525+
Support Zones: 23,375 (Opening Support/Resistance Zone), 23,245 (Buyer’s Support Zone), 23,114 (Golden Retracement Support)
1️⃣ Gap-Up Opening (100+ points above 23,435)
📍 Analysis: A gap-up above 23,435 signals strong bullish sentiment. However, the profit booking zone above 23,525 can lead to selling pressure.
📌 Action Plan:
If Nifty consolidates below 23,525, look for rejection signs. A reversal from this zone provides a short trade opportunity targeting 23,435.
If Nifty breaks and sustains above 23,525 with strong volume, initiate a long trade, targeting 23,600 or higher. Use a trailing stop-loss to lock in profits.
Avoid trading immediately after the opening; observe the market's behavior for at least 15 minutes to confirm direction.
📚 Educational Insight: Gap-up openings often trigger profit booking near key resistance levels. Always wait for rejection or breakout confirmation to reduce risk.
2️⃣ Flat Opening (Within 23,344–23,375)
📍 Analysis: A flat opening suggests indecision in the market. The range between 23,344–23,375 will act as a critical zone for direction.
📌 Action Plan:
If Nifty struggles to hold above 23,375 and shows signs of rejection, consider a short trade targeting 23,304 or 23,245.
If Nifty sustains above 23,375, initiate a long trade targeting 23,404 and then 23,435. Ensure confirmation through volume and price action.
A decisive breakdown below 23,344 may indicate bearish sentiment, providing a shorting opportunity toward 23,304.
📚 Educational Insight: Flat openings provide the best opportunity to analyze market sentiment. Allow the first 15–30 minutes to settle before entering trades for better clarity.
3️⃣ Gap-Down Opening (100+ points near or below 23,245)
📍 Analysis: A gap-down near the Buyer’s Support Zone (23,245) or Golden Retracement Support (23,114) can trigger either panic selling or strong buying interest.
📌 Action Plan:
Look for reversals near 23,245 or 23,114. A strong bounce from these levels can provide a long trade opportunity targeting 23,304 or 23,375.
If Nifty sustains below 23,114 with high selling volume, initiate short trades targeting 23,050 or lower.
Avoid rushing into trades during a gap-down; wait for clear signs of reversal or breakdown for better risk management.
📚 Educational Insight: Gap-down scenarios often create volatility. Support zones like 23,245 and 23,114 can act as reversal points, but their failure may amplify bearish momentum.
⚠️ Risk Management Tips for Options Trading:
✅ Use strict stop-loss levels to minimize losses in volatile markets.
✅ Avoid trading in the first 15 minutes after the opening, as it often exhibits unpredictable price movements.
✅ Consider using strategies like spreads (bull/bear spreads) in high-IV conditions to cap potential losses.
✅ Monitor hourly candle closures for confirmation before entering high-risk trades.
✅ Never over-leverage; trade with an amount you are comfortable risking.
🔍 Summary & Conclusion:
Gap-Up: Watch price action near 23,525; trade rejections or sustained breakouts.
Flat: Observe the reaction within 23,344–23,375; trade breakouts or breakdowns accordingly.
Gap-Down: Look for buying opportunities at 23,245 or 23,114, but respect bearish momentum if these levels fail.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult a financial advisor or conduct your own research before trading.
#NIFTY Intraday Support and Resistance Levels - 20/01/2025Flat or slightly gap up opening expected in nifty. After opening it will face resistance at 23250 level expected downside movement from this level upto the 23050 in today's session. If nifty starts trading and sustain above the 23300 level then expected upside movement upto the 23500+. 23500 level will act as a strong resistance for today's session.
NIFTY : Trading Levels and Plan for 20-Jan-2025🔖 Nifty Trading Plan for 20-Jan-2025
📊 Key Levels:
Resistance Zones: 23,318–23,334, Profit Booking Zone: 23,405–23,435
Support Zones: 23,113–23,201, 23,007, 22,962
1️⃣ Gap-Up Opening (100+ points)
If Nifty opens above 23,334:
Look for consolidation or rejection near Profit Booking Zone (23,405–23,435). If rejected, consider a short entry with a target towards 23,334 or 23,269.
Sustained breakout above 23,435 may lead to a rally. Use trailing stop-loss to ride the momentum.
📌 Educational Insight: Gap-ups often signal bullish momentum, but profit booking zones can act as reversal points. Observe price action carefully.
2️⃣ Flat Opening (Within 23,201–23,203)
Monitor opening price reaction within the Golden Retracement Zone (23,113–23,201).
If Nifty holds 23,201, it’s a signal to go long with a target towards 23,318–23,334.
Break below 23,113 could indicate bearish momentum. Short below this level with a target towards 23,007.
📌 Educational Insight: Flat openings are ideal for price action-based trades. Let the first 30 minutes settle before taking positions for the best risk-reward setup.
3️⃣ Gap-Down Opening (100+ points)
If Nifty opens near 22,962–23,007:
Look for bullish reversals within the Trending Shift Zone (22,962–23,007). Go long if strong buying is observed, targeting 23,113.
A breakdown below 22,962 could lead to further weakness. Short positions below this level with a target of 22,880.
📌 Educational Insight: Gap-downs often create opportunities for sharp reversals or continuation trends. Wait for confirmation before entering trades.
📌 Risk Management Tips for Options Trading:
Use hourly candle close as confirmation before entering trades.
For directional trades, avoid over-leveraging and use defined stop-loss.
Hedge positions using spreads to limit risk in volatile markets.
Monitor IV (Implied Volatility) while trading options; high IV can inflate premiums.
🔍 Summary & Conclusion:
For 20-Jan-2025, focus on the key zones:
Watch Golden Retracement Zone (23,113–23,201) for flat openings.
Look for rejection or breakout near 23,405–23,435 in case of gap-ups.
Keep an eye on 22,962–23,007 for possible reversals in gap-down scenarios.
⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Traders are advised to conduct their own analysis or consult with financial advisors before making any trading decisions.
#Nifty50 Market Update: A Week of Weakness and What Lies Ahead
This week, Nifty closed at 23,203, down by 228 points from the previous week's close. It touched a high of 23,391 and a low of 23,047, reflecting a volatile yet cautious market sentiment. The candlestick pattern for the week is indicative of weak market sentiment, signaling growing bearish pressure.
As highlighted last week, the market saw a bounce used by institutional players to offload their positions, leading to a sharp pullback. The Nifty was confined within the range of 23,950 to 22,900, as anticipated. Looking ahead, I expect Nifty to continue oscillating between 23,750 and 22,700 in the coming week.
From a monthly perspective, the market remains in a selling phase, and until either the monthly or weekly timeframes shift into the buying zone, or Nifty tests key support levels near 22,400/22,300, the bears will likely maintain control.
S&P500 Update: Recovery with Caution
Over in the US, the S&P 500 has bounced back from the lows of 5,773 and closed just below the critical Fibonacci resistance level of 6,013. If the index manages to stay above 6,013 next week, we could see it testing higher resistance levels around 6,100.
However, expect potential selling pressure to kick in on Monday, and if the index dips below 5,900, it could test key support levels at 5,821, 5,773, or even 5,700.
Bottom Line: Brace for Volatility Ahead
In conclusion, selling pressure is expected to persist in the markets for the time being. Traders should prepare for a bumpy ride as we navigate through these volatile conditions. Stay alert, manage risk, and keep an eye on critical support and resistance levels.
"LONG" NIFTY 50 is approaching The "Accumulation Zone" (LTCIG)1. Key observation
Accumulation Zone 🟢
The chart identifies a critical "Accumulation Zone" between 22,600–22,800, highlighted in green.
This area serves as a strong support zone where buyers may step in, halting the current downtrend.
Significance: If NIFTY consolidates here, it could build momentum for a powerful reversal and potentially new all-time highs. 🚀
2. Notes on NIFTY Movement ✍️
"NOTE: NIFTY HAVE TO COME IN THIS ZONE FOR FLY UPWARD NEW HIGH" 🛫
This means for NIFTY to reach new heights, it must revisit and hold this accumulation zone.
Watch for bullish patterns like hammer candlesticks or breakouts in this region to confirm upward movement. 🔥
3. Best Price Range for Investments 💰
"BEST PRICE RANGE TO DO A LONG-TERM INVESTMENT" 🏦
Investors can find opportunities in this zone, with stocks available at significant discounts (40–60% off).
A perfect time for those planning long-term gains as the zone may represent undervaluation. 📈
4. Technical Indicators 🔍
RSI (Relative Strength Index):
Positioned near the oversold zone, indicating the downtrend is losing momentum and reversal is likely. ⚡
MACD (Moving Average Convergence Divergence):
The histogram shows weakening bearish momentum, further supporting the case for a reversal. 🔄
5. Resistance and Breakout Levels 🟡
If NIFTY holds the accumulation zone, key resistance levels to watch:
23,300 and 23,700.
Breaking these could pave the way for new all-time highs! 🌟
6. What to Watch For 👀
Volume Confirmation:
A spike in buying volume around this zone will validate accumulation and signal strong upward momentum.
Price Action:
Look for bullish candlestick patterns like hammers, engulfing, or inside bars.
Conclusion 🏁
NOTE↣ NIFTY 50 is approaching a pivotal moment. The "Accumulation Zone" offers an opportunity for traders and investors alike. 📉➡️📈
If this zone holds, expect a potential reversal with NIFTY aiming for new highs. 🚀🔥
Keep an eye on price action, volume, and RSI to confirm the trend! Happy Trading! 💹
🔴Disclaimer:
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only.Investments and securities are subject to market risk. Please carefully assess your risk tolerance before making any decisions.
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#NIFTY Intraday Support and Resistance Levels - 17/01/2025Flat opening expected in nifty. After opening it will face resistance zone at 23350-23400 level. Any strong bullish rally only expected above the 23400 level breakout. Downside 23150 act as a support for today's session. Any reversal downside rally can be goes upto this support level in today's session.
#NIFTY Intraday Support and Resistance Levels - 16/01/2025Gap up opening expected in nifty. Expected opening near 23400 level. 23350-23400 will act as a strong resistance for today's session. Strong upside rally only expected if nifty starts trading above 23400 level. This rally can goes upto 23600+ level in today's session. Downside expected below 23350 level. This downside can goes upto 23050 level.
#NIFTY Intraday Support and Resistance Levels - 15/01/2025Gap up opening expected in nifty. After opening nifty will face resistance at 23350 level and expected reversal from this level towards the downside movement upto 23050 level. This downside can be extend for further strong sell side if nifty starts trading below 23000 level. Any major upside rally only expected if nifty gives the breakout and sustain above the 23400 level.