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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
2 Red Candles throw Nifty back to support searching mode. 2 intensive Red Candles with big selling throw Nifty back to support searching mode. The strong support zone is round the corner. The chart shows Nifty is nearing 2 major trend line supports at 24257 and 24175. If these 2 supports are broken further supports for Nifty will be at 23904 and 23803. Final Mega support for Nifty will be 23684 (200 day's EMA or Father Line Support) and recent low of 23291. On the upper side resistances galore at 24445 (50 day's EMA or Mother line) followed by 24627, 24793, 24960 and finally 25209. The selling has come on the back of Rupee hitting all time low and fears over US FED slowdown in the Rate Cuts in the year 2025 as inflation is not abetting and is continuing to grow. US Markets have already priced in 25bps rate cut for the ongoing FEd meeting. But more worry is regarding the commentary about 2025 and 1 or 2 more US FED meetings decisions before Trump administration takes over. With Nifty nearing critical support levels mentioned earlier volatility, bulls Vs bears FII Vs DII intense struggle is on cards. Bears have had an upper hand so far this week but Bulls can stage a fierce fight back any time within this week itself once Nifty confirms support. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 17.12.2024On Monday, Nifty opened negative, made an initial high of 24781.25 but slipped to a low of 24601.75 during the session. It closed at 24668.25, losing 100 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be positive. Demand/Support Zones Near Demand/Support Zone (15m): 24180.80 - 24342.50 Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
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
Nifty searching for upward momentum. Nifty has again held on to the Motherline support of 50 Hours EMA today and if it is able to cross the resistance of 24698 more upside can be on the cards. In such a scenario the resistances on the upside in addition to 24698 will be at 24775, 24852, 24975 and finally 25147. The supports for Nifty on the lower side seem to be at Mother line of 50 Hours EMA which is at 24852, 24398 Father line support of 200 hours EMA, Mid channel support at 24290 and finally the support is at 24174. Below 24174 Nifty become very weak. Above 25147 there will be a parallel channel breakout and Bulls will become very powerful. The signs are positive and despite a negative day on the browsers shadow of the candle is neutral to positive for tomorrow. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 50 16 Dec 2024 ViewKey Observations: Support and Resistance Levels: Support 1: 23,884.60 Support 2: 23,264.60 Resistance 1: 24,769.95 R2: 25,193.80 R3: 25,646.70 Trendlines: The chart shows a rising wedge/channel with price trading upwards near Resistance 1. The current upward trend may face resistance at higher levels, particularly R2 and R3. Harmonic Patterns: Shark Pattern (Left side): Indicating a reversal in earlier phases. ABCD Patterns & Cypher: Multiple harmonic patterns suggest significant retracement zones and reversals. Volume Analysis: Noticeable volume spikes during corrections, hinting at strong buyer interest during pullbacks. Outlook: Watch for a breakout above Resistance 1 for further upward momentum. Breakdown below Support 1 could trigger a reversal toward Support 2. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. I am a long-term options seller, and my positions may differ from short-term trading perspectives. Always consider your risk appetite before making investment decisions.
NSE:NIFTYLong
by leoprabhum
2
Nifty Intraday Support & Resistance Levels for 16.12.2024On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive, signalling strength in the short term. Demand/Support Zones Far Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 (tested) Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Note: Resistance at 24700 breached: Nifty crossed this critical level and closed above it, a positive sign. Since Nifty is now trading within the Weekly Supply Zone (24567.65 - 25234.05), staying cautiously optimistic is recommended.
NSE:NIFTY
by PriteshPalan
#nifty50 - 16th DECEMBERNSE:NIFTY Nifty 50 Chart Analysis - Key Insights & Trading Plan Key Observations: Support and Resistance Levels: Support: 24,497 | 24,586.95 | 24,662.40 Resistance: 24,783.85 | 24,837.90 | 24,891.90 Price Movement: The price witnessed a downtrend followed by a strong recovery. A sharp upward movement has brought the price near 24,783.85, a significant resistance level. Current Position: The price is hesitating near the 24,783.85 resistance level, signaling a critical decision point. Trading Plan: Bullish Scenario: Breakout Above 24,783.85: Target: 24,837.90 → 24,891.90. Stop-Loss: Below 24,750. Bearish Scenario: Rejection at 24,783.85: Target: Support levels at 24,662.40 → 24,586.95. Stop-Loss: Above 24,800. Consolidation Strategy: Range-Bound Movement between 24,662.40 (support) and 24,783.85 (resistance): Buy near support, Sell near resistance. Summary: Breakout → Go long (buy). Rejection → Look for short opportunities. Watch for volume confirmation during breakouts or rejections to confirm strength. im not SEBI register.
NSE:NIFTY
by thetradeforecast
Nifty Breakout Confirmation- Ready to hit 25,647 !!Nifty 50: Outlook for next week and feb-25 After analyzing the index’s movement from August to December 2024, Nifty 50 has exhibited two key patterns: 1. Head & Shoulders: • Rally from 24,887 to ATH 26,277 (Sep 9–26). • Breakdown after completing the right shoulder on Oct 21, leading to a 1,500-point fall to 23,291 on Nov 22. 2. Inverse Head & Shoulders: • Formation began on Oct 23, with the head completed on Nov 21 and a neckline formed by Nov 26. • On Dec 4, the right shoulder completed, followed by a breakout above 24,463. The index consolidated for a week between Dec 4–13, strengthening the breakout signal. Outlook With strong confirmation of a bullish reversal above last week close, supported by FIIs inflows and favorable macroeconomic data (CPI/IIP), It is highly likely that Nifty 50 is likely to hit 25,647 by December 23, 2024. If the breakout doesn’t happen then we can see a consolidation and retest on last week levels failing which will lead to a breakdown which can push Nifty to 23,000 levels by Februrary 2025 Disclaimer: I am not SEBI-registered. This analysis is for educational and study purposes only. Any trade taken based on this view is solely at your own risk and is not a recommendation.
NSE:NIFTYLong
by chandakpulkit
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
Asian Paints Trading Strategy for 16th December 2024Asian Paints Trading Strategy Key Levels: Buy Above: 2422 (on the high of the candle that closes above 2422 on a 5-minute chart) Sell Below: 2391 (on the low of the candle that closes below 2391 on a 5-minute chart) Targets: Upside Target: 2460 Downside Target: 2360 Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 2422 on a 5-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 2391 on a 5-minute time frame. Uptrend Confirmation: Asian Paints is likely to resume an uptrend if the price closes above 2470 on a daily closing basis. 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 Asian Paints. 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:ASIANPAINT
by ramkkyy
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.
NSE:NIFTYLong
by LiveTradingBox
Nifty is again a rising star..We today saw Nifty rising like a Phoenix to close the day at 24768 after making a low of 24180. In one of the most volatile session Nifty gained 588 points from day's low. The rise was from the right side bud of the star formation which gave superlative support to Nifty on the weekly chart. The weekly candle formation is of the shape of Thor's hammer which means further upside cannot be ruled out subject to Nifty closing above 24860. In such a scenario further resistances for Nifty will be at 25240 and 25514. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Link to buy my book from Amazon is available below in my signature. 25514 is the sigma resistance of the Star which can be little difficult to conquer but in case this level is conquered by Bulls further upside of 25665, 25919 and finally 26K+ levels cannot be ruled out. Supports for Nifty remain at 24500, 24184, 23907, 23396 (Mother line of 50 Weeks EMA) and finally 23187 which is the channel bottom support. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 13.12.2024On Thursday, Nifty opened negative, attempting a recovery with a high of 24675.25, but succumbed to selling pressure, hitting a low of 24527.95. It closed at 24548.70, losing 93 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Resistance at 24700: Nifty is struggling to break this level. A failure to sustain above it may lead to a drop toward the 24370 zone or lower.
NSE:NIFTY
by PriteshPalan