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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 : 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 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.
NSE:NIFTY
by ramkkyy
NIFTY Surges 900+ Points: Massive Gains Unlocked!NIFTY on the 1-hour timeframe displayed an exceptional bullish momentum, achieving 900+ points in profit so far. This long trade setup, captured using the Risological Swing Trading Indicator , has already hit TP1 and TP2, with the remaining targets likely to be reached soon. NIFTY Key Levels: TP1: 24204.50 ✅ TP2: 24786.30 ✅ TP3: 25368.10 🔄 TP4: 25727.65 🔄 NIFTY Technical Analysis: The trade initiated at 23844.95 with a stop-loss at 23554.05, providing an excellent risk-to-reward ratio. The price consistently respected the Risological trend line, confirming the strength of the uptrend. Both TP1 and TP2 have been achieved, showcasing the precision of the system. The breakout above key resistance levels hints at a continuation towards the upper targets. This setup reflects how effectively the Risological Swing Trading Indicator identifies profitable opportunities with minimal risk. Namaste!
NSE:NIFTYLong
by ProfitsNinja
NIFTY : Trading Plan and levels for 06-Dec-2024Trading Plan for Nifty – 06-Dec-2024 Intro to the Previous Day's Chart Pattern: On 05-Dec-2024, Nifty exhibited a volatile session but from the level (excatly where I mentioned in yesterday's trade pan) a significant rally towards the Wave C completion zone but a huge volatility in the prices seen in the last trading hour, . A sharp rejection from this zone reinforced bearish pressure, driving the index back to the Opening Support/Resistance zone at ₹24,697 . The chart highlighted three critical zones: Red Trend: Bearish resistance around Wave C completion ( ₹25,050 ). Yellow Trend: Sideways consolidation in the Opening Resistance Zone (₹24,882–₹24,697) . Green Trend: Bullish momentum originating from the Initial Support Zone (₹24,412) . Trading Plan for 06-Dec-2024 Gap Up Opening (+100 Points): If Nifty opens above ₹24,882 , it will likely face immediate resistance at the Wave C completion zone (₹25,050) . Action Plan: Look for bearish rejections or reversal candlestick patterns near ₹25,050 . A failure to sustain above this level indicates a shorting opportunity, targeting ₹24,697 and ₹24,412 . If Nifty sustains above ₹25,050 for at least two 15-minute candles, it signals a breakout. Go long, aiming for ₹25,300 and ₹25,450 . Risk Management Tip: Use a trailing stop-loss once the trade moves in your favor. For options, consider selling OTM puts below ₹24,700 to benefit from time decay. Flat Opening (Near ₹24,697): A flat opening will test the Opening Support/Resistance zone (₹24,697) . Action Plan: If Nifty holds above ₹24,697 , expect a bullish move towards ₹24,882 . Breakout above this level can lead to ₹25,050 . Failure to sustain ₹24,697 could drag Nifty towards the Initial Support Zone (₹24,412) . Monitor for price rejection at ₹24,412 for potential long entries. Risk Management Tip: For flat openings, avoid aggressive entries. Let the first 30 minutes establish the trend, then act accordingly. Use spreads (e.g., bull call spreads) to cap your risk in options. Gap Down Opening (-100 Points): A gap-down opening near ₹24,412 or below will test key supports. Action Plan: If Nifty finds support at ₹24,412 , look for bullish price action. Enter long positions targeting ₹24,697 and ₹24,882 . If Nifty breaks ₹24,412 , the next critical zone lies at ₹24,224–₹24,142 . Watch for signs of demand in this deep retracement zone for potential reversals. Risk Management Tip: In case of high volatility, trade with reduced position sizes. Use iron condors or straddles to take advantage of elevated option premiums during gap-down scenarios. Summary and Conclusion: Resistance Levels: ₹24,882, ₹25,050 Support Levels: ₹24,697, ₹24,412, ₹24,224 Key levels to watch: A breakout above ₹25,050 or a breakdown below ₹24,412 will dictate intraday momentum. Use proper risk management strategies like trailing stop-losses and avoid over-leveraging in volatile markets. Disclaimer: The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your own research or consult a financial advisor before making any trading decisions. Markets involve risk; trade responsibly.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 5th DecemberNifty opened with a gap-up and gave more up-move in morning, our buy level triggered and Nifty went near 24575 but then we saw a knee jerk reaction and Nifty lost more than 200 points from day high so as per setup SL was taken out. For tomorrow, if Nifty sustains above 24540 you can consider buying for 24600 and above marked level but keep small quantity on buying side. On the other side, if Nifty sustains below 24410 you can consider taking a sell trade for the target of 24360 and below marked level on the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24540 Sell Below - 24410 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
3
NIFTY : Trading levels and Plan for 05-Dec-2024Trading Plan for Nifty – 05-Dec-2024 Intro: Previous Day's Chart Pattern Nifty on 04-Dec-2024 displayed mixed momentum, with a clear rejection from the upper resistance zone near ₹24,550 - 24,570. The Yellow trend highlighted a consolidation phase, the Green trend signaled bullish potential during upward retracements, and the Red trend indicated bearish pressure around resistance levels. Key levels such as ₹24,345 acted as support, while the intraday resistance remained prominent at ₹24,772. Plan for Different Opening Scenarios: 1. Gap-Up Opening (Above ₹24,647 by 100+ points) If Nifty opens significantly above ₹24,647: Key Resistance Levels: ₹24,772 and ₹24,804 will be the major zones to watch for profit booking and potential reversals. Action Plan: Allow the first 15–30 minutes for price discovery. Look for pullbacks near ₹24,647 for entry into long positions, with a stop loss below ₹24,612. Targets will be ₹24,772 and ₹24,804. Failure to Sustain Above ₹24,647: If prices fail to hold above ₹24,647, avoid longs and observe price action near ₹24,612 for re-entry possibilities. Risk Management: Tighten stop losses when approaching the resistance zone to secure profits. Avoid aggressive long positions unless the bullish trend sustains. 2. Flat Opening (Within ₹24,316 to ₹24,461) If Nifty opens near its previous close: Key Support and Resistance Levels: ₹24,345 serves as opening support, while ₹24,461 and ₹24,647 are the immediate resistance zones. Action Plan: Wait for a clear breakout or breakdown. Long positions can be initiated above ₹24,461, targeting ₹24,647 and ₹24,772, with a stop loss below ₹24,345. Short positions should be considered if the index breaks below ₹24,345, targeting ₹24,316 and ₹24,220, with a stop loss above ₹24,461. Risk Management: Trade cautiously within this range as the price may exhibit false breakouts. Use smaller position sizes during consolidation phases. 3. Gap-Down Opening (Below ₹24,345 by 100+ points) If Nifty opens below ₹24,316: Critical Support Levels: ₹24,220 will act as a critical support. Failure to sustain this level could lead to extended selling towards ₹24,100. Action Plan: Monitor the first 15–30 minutes. If prices rebound from ₹24,220, consider long positions for targets of ₹24,316 and ₹24,345, with a stop loss below ₹24,200. If prices sustain below ₹24,220, initiate short positions for targets of ₹24,100 and ₹23,950, with a stop loss above ₹24,316. Risk Management: Avoid catching falling prices; confirm reversals before entering trades. Keep positions light in volatile conditions. Tips for Risk Management in Options Trading: Time Decay Awareness: Avoid holding out-of-the-money options close to expiry as premium erosion accelerates. Defined Risk Strategies: Use options spreads like bull call or bear put spreads to cap risk. Avoid Overleveraging: Limit position sizes to avoid large losses during sudden market movements. Monitor Volatility: Consider implied volatility before entering positions; high volatility may lead to expensive premiums. Summary and Conclusion: Nifty’s price action for 05-Dec-2024 revolves around key levels of ₹24,647 on the upside and ₹24,220 on the downside. Traders should focus on these zones for clear directional movements. Proper risk management and a disciplined approach are essential, especially during volatile market conditions. Always confirm the trend before initiating trades and avoid overexposure to options positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be treated as financial advice. Consult your financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 3rd DecemberNifty opened flat and after initial decline towards 24000 odd levels, we saw good recovery from lower levels and Nifty made a high at 24301. For tomorrow, buy Nifty if sustains above 24340 we expect to see an up-move towards 24390 and above levels. On the other side, if Nifty breaks 24200 on the downside we may see 24150 and lower levels marked the chart. Expectations: Range-bound movement. Intraday Levels: Buy Above - 24340 Sell Below - 24200 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
6
Nifty Intraday Trade Setup | 4th DecemberNifty opened with a gap-up and after giving an opening fall towards 24280, we saw a bounce and Nifty made a high around 24480. As per trade setup posted for today, buy trade triggered above 24340 and both the targets 24390 and 24430 successfully done. For tomorrow, 24500 - 24525 will be crucial zone to watch. Buy Nifty if sustains above 24540 we expect to see an up-move towards 24600 and above levels. On the other side, if Nifty breaks 24380 on the downside we may see 24330 and lower levels marked the chart. Expectations: Volatile movement. Intraday Levels: Buy Above - 24540 Sell Below - 24380 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY : Trading levels and Plan for 04-Dec-2024Before I begin, I kindly ask you to hit boost or like if you enjoy my analysis. Your support keeps me motivated to dedicate my time to creating these charts for you, completely free! Nifty Trading Plan for 04-Dec-2024 📈 On the previous trading day, Nifty witnessed a significant rally towards the completion zone of Wave C, form the the Opening important range for buyer's and Sellers (mentioned in yesterday's Plan. For upcoming trading session, the structure also highlighted a Change of Character (ChoCH) near ₹24,483, which now acts as an opening support/resistance level. Key levels such as ₹24,355 (opening resistance) and ₹24,189 (last intraday/swing support) indicate pivotal areas for monitoring price action. Yellow indicates a sideways trend, green represents bullish momentum, and red marks bearish trends. Here’s a structured trading plan for all opening scenarios: Gap Up Opening (+100 points or more above ₹24,445) Profit Booking Zone (₹24,650-₹24,692): A gap-up opening near or within this zone could face sideways consolidation or immediate rejection, as it aligns with the first target of Wave C completion. Action Plan: Entry: Short near ₹24,692 after observing bearish reversal patterns like shooting stars or bearish engulfing. Target: ₹24,483 (opening support/resistance zone) and ₹24,413. Stop Loss: Above ₹24,730 to avoid false breakout risks. Breakout Potential Above ₹24,692: Sustained buying above ₹24,692 with strong momentum could trigger bullish continuation. Action Plan: Entry: Long above ₹24,692 after a 15-minute candle closes above this level. Target: ₹24,800-₹24,850. Stop Loss: Below ₹24,600 to safeguard against pullbacks. Flat Opening (Near ₹24,445) Opening Support/Resistance Zone (₹24,413-₹24,483): Flat openings indicate indecision. If Nifty sustains above ₹24,483, it may show bullish strength; otherwise, a fall back to ₹24,413 is likely. Action Plan for Bullish Scenario: Entry: Long above ₹24,483 with strong buying pressure. Target: ₹24,650-₹24,692. Stop Loss: Below ₹24,413 for risk management. Action Plan for Bearish Scenario: Entry: Short below ₹24,413 after confirming selling pressure. Target: ₹24,355 and ₹24,300. Stop Loss: Above ₹24,483 to limit losses. Retracement Monitoring at ₹24,355: If the price consolidates near ₹24,355, observe breakout patterns for direction. Gap Down Opening (-100 points or more below ₹24,445) Testing Swing Support (₹24,189): A gap-down opening below ₹24,300 will test the last intraday/swing support around ₹24,189. Failure to hold this level may result in further downside momentum. Action Plan: Entry: Short below ₹24,189 after confirming a bearish breakdown. Target: ₹24,100 and ₹24,050 (extended downside levels). Stop Loss: Above ₹24,250 to reduce risk. Reversal Potential at ₹24,189: Watch for bullish reversal signals such as hammer candles or bullish engulfing near ₹24,189. Action Plan: Entry: Long near ₹24,189 with a confirmed reversal signal. Target: ₹24,300 and ₹24,355. Stop Loss: Below ₹24,150 to manage risk. Risk Management Tips for Options Trading Trade with limited risk strategies like vertical spreads or butterfly spreads to minimize premium losses. Monitor implied volatility and avoid buying options in high IV environments to prevent premium erosion. Always hedge directional trades, especially near pivotal resistance or support zones. Avoid over-trading; focus on quality setups rather than quantity. Keep risk per trade within 1-2% of your capital to preserve equity. Summary and Conclusion Nifty is approaching critical zones, with ₹24,650-₹24,692 as the profit booking/supply area and ₹24,189 acting as the last swing support. Adherence to key levels and disciplined execution will be critical for navigating intraday moves. Let price action confirm the direction before entering trades. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Kindly perform your research or consult a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY Trade Setup for Tuesday (03-Dec-2024)NSE:NIFTY Post Market Analysis by Srinivas Vemula NIFTY Weekly Outlook Economic Events : USA Jobless Claims Data ( November 30) India RBI Policy Repo Rate (06-Dec-2024) Institutional Bias - Bearish ( NIFTY FUTURES) Institutional Framework - Price Reversal Institutional Reference Data Points - Premium Arrays Institutional Price Delivery - ERL(BSL) to IRL( SSL) ERL - External Range Liquidity IRL - Internal Range Liquidity BSL - Buy Side Liquidity SSL - Sell Side Liquidity Premium Arrays Bearish Order block (H4) Buy Side Liquidity (W1/H4) Bearish FVG (H4) Discount Arrays: Bullish Breaker (H4) Bullish Mitigation (M15)
NSE:NIFTYShort
by chartology369
The Nifty spot intraday forecast for December 02, 2024Market Outlook for Nifty Spot on December 02, 2024 Morning Movement: Likely to see an upward move in the morning hours. A potential drop of around 300 points is anticipated later. Key Levels to Watch: Resistance: Strong resistance at 24,330. If this level is broken, Nifty spot could rise to 24,385, provided there is no gap opening on either side. Support: On the downside, support levels are at 23,947 and 23,831. Overall Sentiment: The Nifty is expected to close on a bearish note. Disclaimer: These views are for educational purposes only. Please use your own technical analysis for entry and exit decisions. Always trade with a stop-loss to manage risks effectively.
NSE:NIFTYShort
by Mastersinnifty
NIFTY : Levels and Plan for 02-Dec-2024Nifty 50 Trading Plan for 02-Dec-2024 On 01-Dec-2024, Nifty traded in a well-defined structure, oscillating between the Golden Retracement Zones for buyers and sellers. The market displayed a Change of Character (CHoCH), with price initially retesting the buyer's support zone near 23,786 before reversing toward the seller's resistance zone at 24,413. Key levels such as 24,250 and 24,112 acted as dynamic Opening Support/Resistance levels. The chart also highlighted a Yellow Zone for sideways movements, Green Zones for bullish trends, and Red Zones for bearish scenarios. Detailed Trading Plan for 02-Dec-2024 Gap-Up Opening (Above 24,250, up to 100+ points) If Nifty opens with a gap-up beyond 24,250, it will enter the Opening Resistance Zone. In this scenario: Watch for rejection near 24,413 or higher. If rejection is confirmed, initiate short positions targeting 24,250 as the first support and 24,112 for extended profits. For sustained bullishness, monitor an hourly candle close above 24,413. If this occurs, consider long positions with a target at the Profit Booking Zone around 24,483. Avoid chasing trades immediately after the gap-up. Allow prices to stabilize for 15–30 minutes to validate the trend. Flat Opening (Near 24,112 to 24,130 range) In case of a flat opening, the Opening Support/Resistance at 24,112 will be critical: If prices sustain above 24,112 with strong buying, consider initiating long positions, targeting 24,250 and 24,413. If Nifty fails to hold 24,112, expect a test of 24,030 (Buyer's Opening Support) and potentially 23,940 (Last Support for Intraday). Use tight stop losses when trading near the flat opening zone due to potential whipsaws. Gap-Down Opening (Below 24,030, down to 100+ points) A gap-down opening near or below 24,030 would signal bearish sentiment: Observe buyer activity near 23,940. If support holds, initiate longs with targets of 24,030 and 24,112. If 23,940 is breached, expect further downside toward 23,832 or even 23,786, the Buyer's Support for sideways action. Manage risk effectively by waiting for hourly candle confirmation in case of volatile downward moves. Risk Management Tips for Options Traders Trade options with a defined stop loss and avoid overleveraging. Use spreads (e.g., Bull Call Spread or Bear Put Spread) to reduce premium outflows and limit risk. Monitor implied volatility (IV) levels, as sudden changes can impact option premiums significantly. Summary and Conclusion Nifty's key levels for 02-Dec-2024 include 24,413 (Profit Booking Zone), 24,250/24,112 (Critical Opening Support/Resistance), and 23,940/23,786 (Key Buyer Support Zones). Focus on hourly candle confirmations for validating breakouts or breakdowns. Stay cautious during initial market volatility and align trades with the prevailing trend as highlighted by the Yellow (sideways), Green (bullish), and Red (bearish) zones. 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