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BANKNIFTY : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Bank Nifty Trading Plan Color-Coding: Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend. 23-Dec-2024 Trading Scenarios: Gap Up Opening (+200 points or more): If Bank Nifty opens above 51,272 but below 51,420 , this range acts as an immediate resistance zone. Watch for bearish rejection patterns like a double top or bearish engulfing to initiate short trades targeting 51,097-50,872 . If prices sustain above 51,420 , the sentiment shifts bullish. Consider long trades above this level with targets of 51,832-52,000 . Use a stop loss at 51,250 to manage risk effectively. Flat Opening: A flat opening near 50,872-50,664 suggests consolidation. Wait for a breakout above 51,097 for long trades targeting 51,272-51,420 . Alternatively, a breakdown below 50,664 may trigger bearish momentum. Short trades can be initiated below this level, targeting 50,069-49,800 . Use hourly candle closes to confirm breakdown or breakout for improved accuracy. Gap Down Opening (-200 points or more): A gap down below 50,664 puts immediate focus on 50,069 as a critical support level. Look for bullish reversal patterns (e.g., hammer or morning star) within this zone to initiate long trades targeting 50,664-50,872 . If prices fail to hold 50,069 , expect extended bearish pressure, with short trade targets at 49,800-49,500 . Maintain a stop loss at 50,150 to protect capital. Risk Management Tips for Options Trading: Prefer buying options in volatile markets instead of selling to limit risk. Use spreads (e.g., bull call spreads or bear put spreads) for defined risk-reward. Monitor implied volatility (IV) levels; higher IV suggests premium decay risk for sellers. Cap exposure to a fixed percentage of your trading capital per trade. Summary & Conclusion: Bank Nifty’s movement on 23-Dec-2024 will revolve around critical zones, especially 51,097-51,272 and 50,664-50,069 . Respect these levels and wait for confirmations before initiating trades. Effective risk management and disciplined execution are key to navigating volatile markets. 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:BANKNIFTY
by LiveTradingBox
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
Nifty Intraday Trade Setup | 23rd DecemberNifty opened with a minor gap-down and we saw a bounce in morning 23880 to 24000. Buy trade triggered as per trade setup posted for Friday but Nifty missed our 1st target of 24080 by 14 points and reversed. For tomorrow, if Nifty sustains above 23650 we expect to see an up-move towards 23720 and above marked levels. On the other side, if Nifty breaks a crucial support 23500 on downside we may see 23430 and below marked levels on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23650 Sell Below - 23500 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
idea on a chart US Dollar (USD) continues to trade near its 2-year highs. Dollar Index (DXY) was last seen at 108.23, OCBC’s FX analysts Christopher Wong notes. USD continues to trade near its 2-year high “Daily momentum is mild bullish while RSI rose into overbought conditions. Resistance at 108.50, 109 levels. Support at 107.20, 106.70 (21 DMA). Day ahead watch US data – core PCE, personal income/spending and Uni of Michigan sentiment. Market liquidity is increasingly thinner and fluid pricing can exacerbate FX moves. A softer than expected print may provide a breather for risk proxies and tame USD bulls.”
TVC:DXY
by EZIO-FX
Another drop for SPX500USDHi traders, Last week SPX500USD made a correction up, broke through the lower Daily/ Weekly FVG and took the liquidity under the low (of blue wave 4). After price closed below the Daily/ Weekly FVG, it became a Balanced price range (BPR). So next week we could see a correction down and a retest into the Weekly/ Daily BPR. After that this pair could drop again. Trade idea: Wait for the correction down and retest into the BPR's. After a change in orderflow to bearish, you could trade shorts. If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
OANDA:SPX500USDShort
by EduwaveTrading
1
SPY, Major Warning has been signalled for the stock market. The stock markets have been rattled by a concerning development that historically has been a precursor to increased volatility and economic uncertainty - the uninversion of the yield curve. In December, long-term interest rates fell below short-term rates, reversing the inversion that had been in place. This yield curve uninversion is often viewed as a potential warning sign of an impending recession, as it has preceded the last seven recessions in the United States. Looking back at past data, the last time the yield curve was uninverted in this manner was in 2019, just before the COVID-19 pandemic triggered a major market downturn. Prior to that, it uninverted in 2006-2007, shortly before the Great Recession hit in 2008-2009. While the yield curve uninversion does not guarantee an imminent recession, it has proven to be a reliable leading indicator of increased market volatility and economic slowdown. Trade safe, Trader Leo
SP:SPX
by BTM-LEO
5
NAS 100 USDNAS100USD Based on Technical Analysis The NAS100USD chart shows a rejection from the resistance zone at 21,850, followed by a sharp sell-off, signaling a potential continuation of the downtrend. Price has broken below a key support level (now resistance at 21,460), indicating bearish momentum. A short entry is viable below 21,350, with TP1 at 20,800 and TP2 at 20,315, as indicated on the chart. Fundamental factors such as rising interest rate concerns or economic slowdown fears may further support this bearish scenario. Ensure to place a stop loss above the recent resistance level to manage risk effectively. Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends,thanks, and Trade safe.
OANDA:NAS100USDShort
by David_Josh_Trader