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NIFTY : Trading Levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024) - Nifty: In today’s session, Nifty closely followed the levels and zones highlighted in the trading plan: The index opened within the Opening Resistance/Support Zone (No Trade Zone) , as indicated in the plan. Price action remained muted here, showing indecision, aligning with the expectation of limited opportunities in this area. The attempted move towards the Last Intraday Resistance Zone (23,953-24,058) failed, with prices reversing near resistance, confirming the bearish projection (red trend). Later in the session, the index approached the Buyer’s Support Zone (23,194-23,281) . Prices showed signs of stabilization, reflecting the plan's green trend projection for potential reversal or support testing. Key Takeaway: The plan accurately captured the market's reaction to critical levels, reinforcing the importance of patience in the No Trade Zone and the effectiveness of the support/resistance zones for planning entries. This reflects the value of adhering to a well-defined trading framework. This analysis will help us prepare for the trading day on 24-Dec-2024, considering different opening scenarios. Trading Plan for 24-Dec-2024 Gap Up Opening (100+ points above 23,747.20) If the market opens above 23,847.20, it indicates a strong bullish sentiment. The first resistance level to watch is 23,863.00 (Opening Resistance). If the price sustains above this level, the next target is 23,976.00 (Last Intraday Resistance for retracement). In case the price breaks above 23,976.00, the next target is 24,009.00. A sustained move above this level can lead to the Profit Booking zone at 24,128.00. If the price fails to sustain above 23,863.00, look for a potential retracement to 23,739.30. This could indicate a sideways trend (yellow line) or a bearish reversal (red line). Flat Opening (around 23,747.20) A flat opening suggests indecision in the market. The immediate level to watch is 23,739.30. If the price holds above this level, it could indicate a bullish trend (green line) towards 23,863.00. If the price breaks below 23,739.30, the next support level is 23,611.00 (Opening Support Zone at Buyer’s retracement zone). A break below this level could lead to a bearish trend (red line) towards 23,547.00. Monitor the price action around 23,863.00 for potential resistance. A break above this level could lead to targets of 23,976.00 and 24,009.00. Gap Down Opening (100+ points below 23,747.20) A gap down opening below 23,647.20 indicates bearish sentiment. The first support level to watch is 23,611.00. If the price holds above this level, it could indicate a potential retracement (yellow line) towards 23,739.30. If the price breaks below 23,611.00, the next target is 23,547.00. A sustained move below this level could lead to further downside towards 23,447.00. In case of a retracement, monitor the price action around 23,739.30 for potential resistance. A break above this level could lead to targets of 23,863.00 and 23,976.00. Risk Management Tips for Options Trading Always use stop-loss orders to limit potential losses. Avoid over-leveraging your positions; trade within your risk tolerance. Diversify your trades to spread risk across different assets or strategies. Keep an eye on implied volatility, as it can significantly impact options pricing. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 24-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. By understanding the potential price movements and trends (yellow for sideways, green for bullish, and red for bearish), traders can make informed decisions. Always practice good risk management to protect your capital. Disclaimer : I am not a SEBI registered analyst. This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY 50 26th DECEMBER 2024Stop-Loss (Red Zone)(23670): Your stop-loss is set below the recent swing low, which is a good strategy as it protects against potential downside movement if the price reverses. Entry Zone:(23700) It seems you are entering a long position (buy) in a consolidation phase after the price formed a possible higher low. This suggests you expect the price to move up toward the targets. Target Levels (Green Lines): 1st Target (23,910.70): This is a reasonable target, as it aligns with a previous resistance zone (from the left side of the chart). If the price reaches this level, a partial profit booking strategy can be applied. 2nd Target (23,965.75): This is just above the 1st target, closer to the next resistance level. It's a logical continuation of the trend if momentum sustains. 3rd Target (24,010.20):
NSE:NIFTY
by trade_geeks
#NIFTY50 - 24TH DECEMBER !!NSE:NIFTY NIFTY CHART ANALYSIS (24TH DEC) Important Levels: 1. Resistance Levels: - 24,259.50: Key resistance zone where selling pressure might build. - 23,926.95: Immediate resistance near the current price. 2. Support Levels: - 23,398.85: Major support level below the current price where buyers could step in. 3. Trendline: - A downward trendline acts as dynamic resistance, connecting lower highs and reinforcing the bearish momentum. Analysis: - The price is in a bearish trend, consistently making lower highs and lower lows. - Current Scenario: The price is near the trendline and could face rejection, continuing the downward move toward 23,398.85. - Alternative Scenario: A breakout above the trendline might invalidate the bearish setup, potentially leading to a test of 23,926.95 or higher. Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
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.
NSE:NIFTY
by LiveTradingBox
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.
NSE:NIFTYShort
by Mastersinnifty
Nifty Intraday Trade Setup | 20th DecemberNifty opened with a big gap-down near crucial support of 23850 today due to US markets and Nifty traded in a range created in first 15 mins. For tomorrow, if Nifty sustains above 24000 we expect to see an upmove towards 24080 and above marked levels. On the other side, if Nifty breaks 23920 on downside we may see 23920 and below marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24000 Sell Below - 23920 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
NIFTY - Trading Levels and Plan for 20-Dec-2024Intro: Review of the Previous Day’s Plan After a gap down opening, prices saw first phase of recovery but could not find follow on support and traded in a narrow range. Let’s analyze potential scenarios for today. Plan for Different Opening Scenarios Gap-Up Opening (100+ points above 24,014): A gap-up above 24,014 places Nifty near the resistance zone or even at 24,103. The focus should be on observing price action for either a breakout or a rejection. Plan of Action: If Nifty approaches 24,227, monitor for bearish rejection signals (e.g., shooting stars or bearish engulfing patterns) to initiate short positions targeting 24,103 and 24,014. Stop loss can be placed above 24,250. For a breakout above 24,227, wait for an hourly close and consider long trades targeting 24,300 or higher. Stop loss below 24,200. Key Tips: For options, consider OTM calls if a breakout occurs. Hedge positions using vertical spreads to cap potential losses. Flat Opening (Within 23,900-24,000 range): A flat opening keeps Nifty in the sideways zone (yellow trend). Early market movement will determine directionality. Plan of Action: If Nifty sustains above 24,014, initiate longs targeting 24,103 and 24,227. Use a stop loss below 23,950. If the index slips below 23,900, initiate shorts targeting 23,877 and 23,748 with a stop loss above 24,000. Key Tips: A flat opening is ideal for option straddle/strangle setups. Close positions if volatility contracts or movement remains indecisive. Gap-Down Opening (100+ points below 23,877): A gap-down below 23,877 places Nifty near support or bearish breakdown zones. Focus on price action around 23,748 or 23,604. Plan of Action: If Nifty holds above 23,748, initiate long positions with targets at 23,877 and 23,961, keeping a stop loss below 23,700. A breakdown below 23,748 opens further downside to 23,604. Initiate shorts below this level with targets at 23,500 or lower. Stop loss above 23,800. Key Tips: In gap-down scenarios, avoid panic trades. For options, consider OTM puts or debit spreads for bearish strategies. Risk Management Tips for Options Trading: Never risk more than 2% of your capital on a single trade. Use a mix of ATM and OTM options for balanced risk/reward setups. Exit trades promptly if Nifty deviates from the expected plan. Monitor implied volatility; avoid overpaying for options in low-volatility environments. Summary and Conclusion: Today’s plan revolves around key levels: 24,014, 23,877, and 23,748. The yellow trend indicates likely consolidation, the green trend highlights bullish potential, and the red trend shows bearish zones. Patience and disciplined execution are crucial for trading success. Let price action confirm your trades before entering positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
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
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.
NSE:NIFTYShort
by Mastersinnifty
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!
NLong
by Mukul_Singh_Shekhawat
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
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