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NIFTY - Trading Levels and Plan for 18-Nov-2024** Nifty Trading Plan for 18-Nov-2024 ** Previous Day Overview: On 17-Nov-2024, Nifty displayed a consolidative pattern near the Important Zone for Long-Term Trend at 23,711 , signaling indecision among traders. The chart highlights three key trends: Yellow showing a sideways movement, Green representing bullish attempts facing resistance near 23,808 , and Red depicting bearish pullbacks testing support at 23,504 . The session emphasizes the significance of these levels in determining market direction. --- ** Opening Scenarios: ** Gap Up Opening (100+ points above) If Nifty opens above 23,808 , it could test the Last Resistance for Intraday at 24,009 . Monitor the price action in the first 15-30 minutes for consolidation near 23,900 . A sustained breakout above 24,009 could indicate strong bullish momentum. Avoid chasing trades in case of high volatility; instead, wait for a retest of 23,808 as support for a safer entry point. Flat Opening (within ±50 points) A flat opening near 23,559 may provide a clearer picture of market sentiment. If Nifty holds above the Opening Resistance at 23,711 , a bullish move toward 23,808 is likely. Conversely, a breakdown below 23,568 could lead to a retest of the Opening Support at 23,504 . Prioritize risk management, as a flat opening could result in sideways movement initially. Gap Down Opening (100+ points below) A gap-down opening near 23,504 will shift focus to the Support Level at 23,123 . Allow the first 30 minutes for price stabilization; if Nifty sustains below 23,504 , expect a bearish move toward 23,123 . However, a quick recovery above 23,504 may present a reversal trade opportunity targeting 23,711 . --- ** Risk Management Tips for Options Trading :** - Use well-defined stop-loss levels, preferably based on hourly candle closes, to avoid unnecessary losses. - Reduce position sizes when trading gap openings to manage volatility risks effectively. - Opt for at-the-money (ATM) or slightly out-of-the-money (OTM) options for better liquidity and quicker premium adjustments. - Avoid over-leveraging, especially in highly volatile market conditions. --- ** Summary & Conclusion :** For 18-Nov-2024, the key levels to monitor are 23,711 on the upside and 23,504 on the downside. A breakout above 23,808 could signal bullish momentum, while a breach below 23,504 may indicate bearish pressure. The market remains poised for both sideways and directional moves, depending on the opening scenario. --- **Disclaimer:** I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders are advised to conduct their own analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
4
#nifty50 analysis for upcoming week 18-22nd Nov 2024Nifty Takes a Beating: A Deep Dive Last week, the Nifty 50 index experienced a significant downturn, closing at 23,532, a 600-point drop from the previous week's high of 24,336. The index breached the crucial support level of 23,550, dipping as low as 23,484. Currently hovering near its 50-week exponential moving average (50WEMA) at 23,230, the Nifty is expected to consolidate within a range of 23,100 to 24,000 in the coming week. Wednesday our markets will be closed due to Maharashtra elections so volatility will be high. As previously highlighted, the monthly chart has weakened, and its impact is already evident. A further correction seems likely before a sustainable bottom is formed. A breach of the 23,250 support level could trigger a deeper correction of 7-7.5%, potentially taking the index down to 21,555. To resume its upward trajectory, the Nifty needs to convincingly close above 24,500 on consecutive days. The S&P 500 also faced rejection from a critical Fibonacci level of 6,013, resulting in a 2.7% correction to 5,870. A breach of this week's low of 5,853 could lead to an additional 1.2% decline to 5,783. Such a move could intensify selling pressure in global markets, including India.
NSE:NIFTYShort
by ssudhirsharma11
Key Technical Analysis of Nifty50: Upcoming TrendIntroduction: Understanding key support and resistance levels is essential for traders and investors looking to capitalize on market movements. This article provides an in-depth analysis of the Nifty50 index's weekly chart, highlighting essential price levels and trends that indicate potential bullish or bearish movements in the coming months. With Nifty's recent performance, it is crucial to evaluate these technical levels to identify future price action possibilities. 1. Previous Resistance Turned Strong Support Nifty previously broke out of a strong resistance level around the 19000 mark, which now acts as robust support. This previous resistance level, marked with a red zone, signifies a major price zone that could halt potential downward movements, providing a solid foundation for buyers if Nifty pulls back to this level. 2. Support Trend Line and Bullish Continuation A support trend line, indicating an ongoing bullish trend, extends from early 2023 to the current date. This trend line has been a crucial indicator of the index's positive momentum, providing support on multiple pullbacks. As long as Nifty respects this trend line, it could continue its bullish trajectory, making this level ideal for those looking to enter long positions. 3. The Key Support Zone at Last Swing Low A major support zone sits around the 21000 level, marked by Nifty’s last swing low. This green zone is a significant area of buying interest. If the index begins a downward correction, this support zone will be closely watched by traders looking for signs of reversal or continued decline. 4. Trend Reversal Zone and Bearish Potential If Nifty breaks down below the support trend line, it would signal the potential start of a bearish trend. Sellers could see this as an opportunity to enter short positions, especially if the breakdown is accompanied by strong volume. This area is essential for risk management, as a trend line breakdown could lead to a decline toward lower support levels, such as the 21000 zone or even further to 19000. 5. Reversal Confirmation and New Highs On the upside, a reversal confirmation near the current support trend line could signal a renewed bullish push, with the possibility of Nifty making new highs. If this reversal takes place, it would present an attractive opportunity for long-term investors and buyers aiming for a rally continuation.
NSE:NIFTY
by TradZoo
NIFTY50 // Breakdown or Reversal?www.tradingview.com Everyone has seen a severe breakdown in Nifty in recent days and approx. 11% correction. But hey, wait a minute. Did you checked the level where it is holding right now? It is the same level from where it has taken a pause and breakout in past. Meaning, we can consider it as a strong buying zone. Along with the above, it is also a level where 38% retracement is there from Fibonacci retracement perspective. Consider the level of support at 23500, if Nifty doesn't goes below from here next week, be ready for a resume of bull run again. So, the next resistance will be : 24500, 26300, 28200, 30000 and, the support will be : 22500, 21600, 21000. Please note, there is an open gap between 20300-20500. That is the only concerning area. If it goes there to fill the gap, the last support will be 19900. So, wait for the end of the current weekly candle. If you could see there are approx 6 divergence too on weekly candle which suggest change in situation. Good luck. Thanks StoxWare team
NSE:NIFTY
by Stox_Ware
9
NIFTY 450+ Points Profit Short Trade: A Perfect Execution The NIFTY (15-minute timeframe) chart highlights a well-executed short trade setup, delivering exceptional precision and profitability. Using the Risological Trading Indicator , traders were able to navigate this trade seamlessly. Trade Highlights: Entry Point : Positioned at 24,207.85, following a strong bearish signal confirmed by the downward Risological Lines and swing trendline alignment. Targets Achieved : All targets were successfully hit: TP1: 24,128.20 TP2: 23,999.25 TP3: 23,870.30 TP4: 23,790.60 Stop-Loss: A tight SL at 24,272.35 ensured disciplined risk management. Key Observations: Risological Lines : The collapsing Risological Red lines indicated strong bearish momentum, guiding traders to confidently hold the short position. Momentum Continuation : Steady selling pressure confirmed the trade's directional strength, allowing all targets to be met efficiently. Conclusion: This trade on NIFTY showcases the power of technical analysis and precise execution. The well-structured risk-to-reward ratio made this short trade an outstanding success. Traders leveraging the Risological Indicator reaped impressive intraday profits—yet another win for technical discipline!
NSE:NIFTYShort
by ProfitsNinja
NIFTY Bears Dominate! 200+ Points Intraday Profit BaggedNIFTY Intraday Short Trade Analysis: The NIFTY 15m timeframe revealed a strong short trade setup, capitalizing on bearish momentum. As of 12 Nov, 1:17 PM, the trade has already hit TP1 (24128.20) and TP2 (23999.25), delivering over 170+ points profit intraday – a remarkable gain for a single session! Trade Snapshot: Entry: 24207.85 Stop Loss (SL): 24272.35 NIFTY Targets: TP1: 24128.20 ✅ TP2: 23999.25 ✅ TP3: 23870.30 TP4: 23790.60 Key Highlights: Massive Intraday Momentum : The trade leveraged a steep bearish trend, with prices moving sharply downward. Confluence of Signals : The short setup aligned perfectly with a downward sloping RISOLOGICAL Lines and bearish candlestick patterns, validating the move. Quick Scalping Opportunity : The quick descent to TP2 within a short timeframe exemplifies the strategy’s efficiency for intraday traders. Profit Perspective: This setup's 200+ points profit intraday is a massive score for NIFTY, offering traders an exceptional risk-to-reward ratio. The move towards TP3 and TP4 looks probable, with continued bearish sentiment driving prices further down. Conclusion: A picture-perfect short trade setup on NIFTY has already delivered stellar returns. Traders riding this wave are poised for even greater profits as the index inches toward its lower targets. Keep an eye on the next support levels!
NSE:NIFTYLong
by ProfitsNinja
NIFTY : Levels and plan for 13-Nov-2024Intro: On **12-Nov-2024**, the Nifty 50 index saw consolidation in the lower zone, with strong support around the "Must Try Zone" and signs of buyer activity. Moving forward, we have identified key levels for potential bullish, bearish, and sideways movements. Yellow trends indicate potential sideways movement, Green trends represent a bullish outlook, and Red trends show bearish sentiment. --- Trading Plan for 13-Nov-2024 **Gap Up Opening (100+ points):** If the market opens with a significant gap up beyond 24,100 , watch for immediate resistance at 24,395 . If Nifty sustains above this level, we may see a bullish rally toward the next resistance level at 24,464 . However, if selling pressure emerges, expect the index to pull back to the "Opening Resistance" zone around 23,986 , where buyers might attempt to regain control. **Flat Opening:** In case of a flat opening near 24,025 , monitor the initial price action closely. If Nifty sustains above this level, a test of the "First Resistance Zone" around 24,361 is likely. Breaking this resistance could lead to a rally up to 24,423 or even the "Last Resistance Zone" at 24,464 . Failure to break through 24,361 could result in a retracement to the "Important Buyer’s Support" at 23,825 . **Gap Down Opening (100+ points):** A gap down opening below 23,767 would place the market within the "Important Buyer’s Support" zone. Here, a strong buyer presence could lead to a rebound toward 23,986 . If this level holds, an upward move back to the "Opening Resistance" is possible. However, if the index falls below 23,582 , it could signal further bearishness, targeting the "Possible Bottom Zone" around 23,504 . --- Risk Management Tips for Options Trading: - Limit your position size, especially near key resistance or support levels where reversals are more probable. - In volatile market scenarios, consider using stop-loss orders based on hourly closes to avoid unnecessary stop-outs due to intraday volatility. - Avoid entering trades in the "No Trade Zone" as highlighted on the chart, as these areas lack clear trend direction and increase the risk of whipsaw movements. --- Summary & Conclusion: For 13-Nov-2024 , key levels to watch are 24,395 for resistance on the upside and 23,582 for critical support on the downside. Price action within the "Important Buyer’s Support" zone could dictate market direction. Green trends indicate potential bullish moves, Red trends signal bearish opportunities, and Yellow trends suggest caution with possible sideways action. --- Disclaimer: I am not a SEBI-registered analyst. This analysis is based on my personal trading strategy and psychological theory. Please perform your analysis or consult a financial advisor before making any trading decisions. --- Happy trading!
NSE:NIFTY
by LiveTradingBox
Nifty is trapped between Mother line and trend line resistance. Nifty is trapped between Mother line and trend line resistance. The comeback that Nifty made from lows of the day was good. Today's low was 24004 from there the Nifty closed at 24141. The resistance on the way up for Nifty currently seem to be at 24221 (Mother line 50 Hours EMA), 24339, 24541, 24587 (Major Father line resistance 200 hours EMA) and 24700. Supports for Nifty remain at 24086, 24004 and finally 23816. 23816 is a major major support right now holding it from a major few hundred or even a thousand point fall. All is good till we do not get a closing below this point. Shadow of the candle right now looks neutral to positive. 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. 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
Buy Moving average intraday stocks tomorrow 12/11/2024Stock recommendation:- Buy Moving average intraday stocks for tomorrow follow for update and information. We're dedicated to providing you the best of Finance stock market, with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online. We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts. We hope you enjoy our free services related to Finance stock market as much as we enjoy offering them to you. *Support and offering* Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for Intraday trading, Swing trading, Scalping, Position trading Future & Delivery trading Technical analysis, Fundamentals analysis Fii & Dii data and reports.
NSE:NIFTYLong
by ARROWINDEX
NIFTY : Levels and Strategies for 12-Nov-2024Intro: In the previous session, Nifty traded within a defined range, testing key levels without strong directional movement. We observed a sideways trend (yellow) near 24,122 - 24,171 , while the bullish trend (green) highlighted potential resistance points, and the bearish trend (red) indicated key support zones. Today's session will focus on reactions near these levels to identify any possible breakouts or breakdowns. Opening Scenarios: Gap Up Opening (100+ Points Above) If Nifty opens above the 24,171 level, it may initially face resistance in the First Resistance Zone at 24,327 - 24,361 . A breakout above this weak resistance level could open the path to the Last Resistance for Intraday at 24,423 . Further strength above 24,423 could lead to a move toward the Profit Booking Zone at 24,530 - 24,601 . Traders may consider long positions if the price sustains above 24,327 , aiming for targets at the higher resistance zones, but they should exercise caution if Nifty struggles to hold above 24,361 . Conservative traders might look for pullbacks near support levels before entering long positions. Flat Opening In the event of a flat opening around 24,122 , the No Trade Zone 24,100 - 24,171 should be monitored closely. Price movement within this zone could indicate consolidation. A breakout above 24,171 could signal bullish intent, leading to targets at 24,327 - 24,361 . Conversely, a breakdown below 24,100 might drive the index toward the Buyer’s Support at 23,988 . Flat openings generally suggest patience, so traders may wait for a breakout from the No Trade Zone before initiating positions. Gap Down Opening (100+ Points Below) If Nifty opens below 24,100 , it may find support in the Buyer’s Support Zone around 23,988 . If this support holds, a recovery move back towards 24,100 is likely. A failure to hold above 23,988 could bring Nifty down to the Buyer’s Must Try Zone (Do or Die) at 23,828 - 23,777 . Traders might look for shorting opportunities if Nifty breaks below 23,988 , with a target near the Buyer’s Must Try Zone. Alternatively, a bounce from the Buyer’s Support level could provide a chance for long trades towards 24,100 . In gap-down scenarios, trading with a cautious mindset is crucial, and it’s often wise to wait for clear price action signals before entering trades. Risk Management Tips for Options Trading: Use appropriate stop-loss levels ( 24,100 , 24,327 , 24,423 ) to safeguard against unexpected moves. Limit position sizes to manage potential risks, particularly during volatile conditions. Consider using options spreads, like debit or credit spreads, to cap potential losses while still allowing for profit. Avoid chasing trades in the No Trade Zone; wait for confirmed breakouts or breakdowns to enter options positions. Summary and Conclusion: The key levels to watch for 12-Nov-2024 are 24,171 (No Trade Zone upper boundary), 24,361 (First Resistance Zone), and 23,988 (Buyer’s Support). Observing price action near these levels can provide trading opportunities. Manage risks carefully, especially in options, to navigate through volatile market conditions effectively. Disclaimer: I am not a SEBI-registered analyst. This trading plan is based on technical analysis and personal insights. Traders should conduct their own analysis or consult a certified financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Arrowindex : Nifty50 & banknifty level and moments for 12/11/202Arrowindex : Nifty50 & banknifty level and moments for 12/11/2024 We're dedicated to providing you the best of Finance stock market, with a focus on dependability and Investment. We're working to turn our passion for Finance stock market into a booming online. We analyze Live Market and try to Provide learning information Content. All the Live Market views and charts. We hope you enjoy our free services related to Finance stock market as much as we enjoy offering them to you. *Support and offering* Effective online education modules for all segments of traders Customized portfolio tracker Online research & trading guidance Entry and Exit support for Intraday trading, Swing trading, Scalping, Position trading Future & Delivery trading Technical analysis, Fundamentals analysis Fii & Dii data and reports.
NSE:NIFTY
by ARROWINDEX
NIFTY : Levels and Trading Plan for 11-Nov-2024 Nifty Trading Plan – 11-Nov-2024 Intro: On the previous trading day, Nifty exhibited a mix of sideways and bearish trends, giving us valuable support and resistance zones. The yellow trend zones indicated periods of sideways movement, green zones showed bullish momentum, and red zones highlighted bearish pressure. We’re seeing strong resistance at 24,437 (Last Resistance for Intraday) and crucial support levels around 23,970 (Best Buy Zone for Buyers). Here’s how to approach the 11-Nov session based on potential market openings. --- Trading Plan for All Opening Scenarios: Gap Up Opening (100+ Points): - If Nifty opens with a gap up above the First Resistance for Trend Reversal at 24,327, observe if it sustains above this level for the first 15-30 minutes. - Bullish Scenario: A sustained move above 24,327 can trigger a bullish trend toward the Last Resistance for Intraday at 24,437. If it continues its momentum, target the Sideways Zone/Resistance for Retracement at 24,714 as the next potential upside. Enter with caution, aiming to buy on retracements toward the 24,327 level. - Bearish Scenario: If it fails to hold above 24,327 and dips back, expect a retracement toward the Opening Support zone around 24,164. Aggressive traders can look for short entries below this level with a target back toward the Best Buy Zone at 23,970. Flat Opening: - If Nifty opens flat around the 24,110 mark, wait for the price to settle for 15-30 minutes before taking any positions. - Bullish Scenario: A move above the First Resistance at 24,288 can give bullish momentum with targets toward 24,327 and potentially 24,437. Enter long positions if prices show strong support around 24,288. - Bearish Scenario: If Nifty breaks below the Opening Support level at 24,106, it could signal weakness, with targets around the Best Buy Zone at 23,970. Look for short entries if price action confirms bearish sentiment below 24,106. Gap Down Opening (100+ Points): - A gap down opening below 24,000 could lead to initial volatility. Monitor how it behaves around the Best Buy Zone for Buyers at 23,970. - Bullish Scenario: If Nifty holds above 23,970 and shows signs of a reversal, consider going long with targets around the Opening Support level at 24,106. - Bearish Scenario: If selling pressure continues and Nifty breaks below 23,970, expect a deeper pullback toward the Do or Die Level for Buyers at 23,728. Look for short opportunities if it sustains below 23,970 with a strict stop loss above the 23,970 level. --- Risk Management Tips for Options Trading: - Use limited-risk strategies such as spreads to control risk. - Set stop losses based on daily candle close to avoid getting stopped out by intraday volatility. - Adjust position sizing based on your risk tolerance; avoid over-leveraging. - Consider exiting positions near target levels rather than waiting for exact points. Options premiums can decay quickly. --- Summary and Conclusion: The market structure suggests key levels to watch for support and resistance. If Nifty sustains above key resistance at 24,327, it could lead to a bullish move, while a breach below support at 23,970 could prompt further downside. Be patient, wait for confirmation at each level, and manage risk effectively. --- Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please conduct your analysis or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
#Nifty50 outlook for upcoming week 11-15th Nov 2024Nifty Weekly Recap: A Tug-of-War Continues The Nifty 50 index concluded the week at 24,148, marking a 150-point decline from the previous week's close. It oscillated within a tight range of 24,537 and 23,816, as predicted. While the VIX index shows signs of cooling down, the Nifty is expected to trade between 24,700 and 23,550 , with a potential breakout on either side. The weekly candle suggests a balanced market, with no clear direction. A Cautionary Tale from the Monthly Chart However, the monthly chart paints a different picture. The current pattern bears a striking resemblance to the one observed between April and June 2022. If history repeats itself, the Nifty could face another downward spiral, potentially testing support levels of 23,250 and 21,555. To regain its bullish momentum, the index must decisively close above 24,550, a feat that seems challenging in the current market conditions. US Markets: A Bullish Run Fueled by Trump's Reelection The S&P 500 index soared to an all-time high weekly close of 5,995, reaching a peak of 6,012 and a low of 5,696. Trump's reelection has ignited a rally in the US market, propelling it to new heights. For further upside, the index must sustain above the crucial 6,013 Fibonacci level. If it manages to do so, it could target 6,142, 6,225, 6,376, 6,454, 6,520, or even 6,568. Impact of US Markets on India The question remains: How will the US market's bullish run impact Indian equities? As investors closely monitor global cues, the Nifty's trajectory will depend on a delicate balance of domestic factors and international sentiment.
NSE:NIFTYShort
by ssudhirsharma11
NIFTY50 NOV 14 WEEKLY ANAYISISThe market is currently in a downtrend, showing a clear decline in price action with lower highs and lower lows. Traders might interpret this as a sign🕒 of weakening investor confidence, often influenced by economic factors or profit-taking after previous gains.🤔 📉 In a downtrend, it’s essential to exercise caution, especially with long positions, as the trend Managing risk is key, as sudden reversals can happen. Monitoring market sentiment and technical indicators can help identify a potential reversal or further bearish continuation.🚀 1.resistance level break down trend🔻 continue, nifty50 2.support level break and market sustenance, may be bullish trend start and down trend end 3.plz draw this level your trading panel #Tradingviews YOUR plat from 4. Follow ME More Ideas!👆
NSE:NIFTY
by SHYAMCHARAN143
1