NIFTY trade ideas
Nifty Review & Analysis - Daily
Nifty opened Gap up again following Global Cues and saw surge throughout the day making a high of 23216 and closing at 23190 +1.25%.
Price Action : - Bullish
Nifty closed 1.25% in positive. Consequtive 4 days green candle and closing above 10,20,50 dEMA and forming big weekly green candle breaking out above Trend line connecting Life thigh and previous highs.
Candle Pattern:
Formed a Big Green candle with a small wick on upside.
Daily EMA Positioning:
10dEMA 22713
20dEMA 22710
50dEMA 22997
200dEMA 23397
EMA Trend:
Closed above 10dEma ,20dEma & 50DEMA,
Daily MA suggests Buy
Hourly suggests Strong Buy
15mins Suggests Strong Buy
The momentum indicator, RSI - Relative Strength Index is above 60 now at 63
Momentum gaining towards Upside
Support/Resistance Levels:
Major Support 23000
Immediate Support 22150
Immediate Resistance 22250
Major Resistance 23500
Trend:
Short Term Trend is Bullish
Daily Options Activity:
Highest CE OI was at 23500 with highest addition at 23400 and 23500- Resistanc
Highest PE OI was at 23000, highest Put addition seen at 23000 followed by 23200 - support
PCR is 1.1 indicating Bullishness
Daily Futures Activity FII + Pro F&O Data:
FII Long/Short ratio at 30%/70% indicating slowly addition of Longs by FIIs - Bullish
Change in Futures OI:
FII Future positions saw little addition in longs +9K with -10K change in shorts -Bullish
Nifty Futures price was higher by 0.9% 3.5 %OI decreasing indicating weakness is current upmove
Observation:
Nifty looks strong above 23000 forming daily positive green candles and weekly huge green candle closing above 10,20,50dEMA and FII long addition
Overall Trend:
Sentiment turning Positive
Outlook for Next Session:
Nifty looks strong around 23200, might consolidate abobe 23000 before another upmove
Approach & Strategy:
Long with 22850 as SL in April contract
My Trades & Positions:
Long in 23200CE April
NIFTY Trading Levels and Plan for 21-Mar-2025๐
NIFTY Trading Plan โ 21-Mar-2025
๐ Reference Price: 23,190 (Close on 20-Mar-2025)
๐ Chart Structure: Price is nearing exhaustion at highs, so we need to observe for either continuation or reversal from resistance zones.
๐ Opening Scenario 1: GAP-UP Opening (100+ Points)
๐ข Expected Open Zone: 23,270 โ 23,330
๐ If Nifty opens with a strong gap-up above 23,270: Watch for price action near 23,345 , marked as the last strong intraday resistance . If you see rejection (like wick rejections or bearish engulfing on 5m/15m), consider initiating short positions with a stop loss above 23,370. On clean breakout and sustained move above 23,345, target the Profit Booking Zone: 23,407โ23,445+ . Be cautious chasing longs on a gap-up unless price consolidates and confirms breakout.
๐ฏ Key Tip: Don't short just because it's a gap-up. Let the candle give confirmation through rejection patterns.
๐ Opening Scenario 2: FLAT Opening
๐ Expected Open Zone: 23,150 โ 23,190
๐ In case of flat to mild gap open: Watch 23,185 as the immediate Opening Resistance / Support .
If price sustains above 23,185 with strength, you can look for a long entry targeting 23,345 and beyond.
However, if price struggles and fails to cross 23,185 with rejection patterns, short toward 23,068 and 22,994.
Breakdown below 23,068 may accelerate profit booking till the lower zone of 22,994โ22,882.
๐ฏ Key Tip: The first 15โ30 mins are crucial. Avoid rushing into trades. Use the breakout-retest model for safer entries.
๐ Opening Scenario 3: GAP-DOWN Opening (100+ Points)
๐ป Expected Open Zone: 23,050 โ 22,950
๐ If Nifty opens with a significant gap-down: Observe price action near Opening Support Zone: 23,068 โ 22,994 .
If bulls defend this zone with strong reversal patterns (hammer, bullish engulfing), it could be a dip-buying opportunity. Below 22,994, next major support lies at 22,882 . Breakdown of this zone could trigger sharp fall. Avoid shorting after a gap-down unless 22,882 breaks convincingly.
๐ฏ Key Tip: Never knife-catch a falling market. Let the base build before entering reversal trades.
๐ก Risk Management Tips for Options Traders ๐ง Use defined risk trades: Prefer vertical spreads (bull call/bear put) instead of naked options. Avoid buying OTM options post 11:00 AM unless momentum is strong. Always risk less than 2% of your capital per trade. Trail your stop loss once the trade moves in favor to protect capital. Don't overtrade โ quality setups > quantity.
โ
Summary & Conclusion:
๐ Nifty is trading near crucial resistance levels.
๐ 23,345 remains the make-or-break zone for bulls.
๐ Support zones: 23,068 โ 22,994 โ 22,882
๐ React to price action at key zones rather than predicting it.
๐ Let the first 15โ30 minutes settle before jumping into trades for optimal RR setups.
โ ๏ธ Disclaimer:
I am not a SEBI-registered analyst . This trading plan is shared for educational purposes only. Please consult your financial advisor before taking any trades based on this plan. Risk wisely and trade with discipline. ๐
Nifty Intraday Support & Resistance Levels for 21.03.2025๐ Market Recap:
On Thursday, Nifty opened gap-up, dipped to a low of 22,973.95, and surged to a high of 23,216.70, entering the 125m Supply Zone (23,144.05 - 23,235.50). It closed strong at 23,190.65, gaining 283 points from the previous close.
๐ Trend Analysis:
Weekly Trend (50 SMA): Negative
Daily Trend (50 SMA): Sideways
๐ Demand/Support Zones:
Near Demand/Support Zone (75m): 23,021.60 - 23,068.25
Far Demand/Support Zone (75m): 22,882.80 - 22,937.70
Far Demand/Support Zone (75m): 22,697.75 - 22,774.35
Far Demand/Support Zone (Daily): 22,314.70 - 22,676.75
Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950.00
๐ Supply/Resistance Zones:
Near Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 (Tested)
Near Supply/Resistance Zone (Weekly): 23,222 - 23,807.30
Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 (Inside Weekly Supply)
Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 (Inside Weekly Supply)
Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25
๐ Outlook & Strategy:
Nifty continued its bullish momentum, respecting lower demand zones and pushing higher into the 125m Supply Zone.
๐น Short-term Trend: Bullish but overbought
๐น Key Watch: If Nifty sustains above 23,144, we could see an extension towards 23,443 - 23,807 in the coming sessions. However, profit booking is possible from these supply zones.
๐น Caution: 23,222 - 23,807 (Weekly Supply Zone) could act as a strong resistance, leading to a pullback towards 23,021 - 22,882 if rejection is observed.
๐ข Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a certified financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred based on this analysis.
TYPE YOUR MOVE FROM HERE??? - I Have Chosen "GREEN".Type "GREEN" / "RED" as per your thought process and participate without any fear of judgement as this is just for awareness of chart reading with some fun added to it.
We are at interesting times when the market is making or breaking from here.
With my limited knowledge, I believe the market has turned up from here and will continue to grow. What do you think has a high probability of happening from here?
Everything is pretty much explained in the picture itself.
I am Abhishek Srivastava | SEBI-Certified Research and Equity Derivative Analyst from Delhi with 4+ years of experience.
I focus on simplifying equity markets through technical analysis. On Trading View, I share easy-to-understand insights to help traders and investors make better decisions.
For any query kindly dm.
Thank you and invest wisely.
NIFTY - Bullish MomentumNIFTY - Bullish Momentum
Nifty has witnessed a strong breakout with a decisive candle close.
A confirmation with tomorrowโs weekly close above this level could signal a trend reversal, setting the stage for a bullish move towards 24,000.๐๐๐
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
#NIFTY Intraday Support and Resistance Levels - 20/03/2025Gap up opening expected in nifty above 23000 level. After opening if nifty sustain above this level then expected strong upside rally upto 23250+ level in today's session. Any downside movement only expected below 22950 level. Downside 22750 level will act as a strong support for today's session. Any major downside only expected below this support level.
Will 23000 level act as a RESISTANCE!!?Following the structure we can see NIFTY is heading towards 23000 levels which is both a psychological level and an important trendline resistance hence we should wait for candle to close above 23000 levels for confirmation of further uptrend else we can see strong rejection from the given levels so plan your trades accordingly and keep watching.
NIFTY : Intraday Trading Levels and Plan for 20-Mar-2025๐
NIFTY TRADING PLAN โ 20-Mar-2025
๐ Timeframe: 15 Min | ๐ Reference Close: 22,911.80
๐ Gap Opening Threshold: 100+ points
๐ 1. GAP-UP Opening Scenario (Opening Above 23,010)
If NIFTY opens 100+ points higher โ around or above 23,010 โ it enters the Profit Booking Zone: 22,995 โ 23,067 .
โโ
Action Plan:
โ- If Nifty opens in the 22,995โ23,067 zone, avoid aggressive long trades at open. This zone has historically triggered selling pressure.
โ- Observe the behavior near 23,067 . If candles start rejecting higher prices or form reversal patterns (e.g., bearish engulfing), plan short trades with SL just above 23,067 .
โ- If Nifty crosses 23,067 with momentum and volume, upside extension is possible toward 23,185 โ the Last Intraday Resistance .
โ- Avoid shorting blindly above 23,067 . Let price consolidate or form lower highs before initiating any counter-trend short.
โ๐ Educational Note: Profit booking zones often create whipsaws. Let the market decide the intent before jumping in.
โ๐ซ Don't chase gaps โ instead, wait for re-entry opportunities once price confirms direction.
๐ 2. FLAT Opening Scenario (Between 22,850 โ 22,950)
If NIFTY opens within a tight 40โ50 point range around its closing level (ยฑ50 points), it's considered a flat opening.
โโ
Action Plan:
โ- Allow the market to settle for the first 15โ30 minutes . Avoid early entries.
โ- If Nifty sustains above 22,995 , we may see a quick move toward 23,067 . One can consider intraday longs above 22,995 with a stop loss near 22,950 .
โ- If price faces rejection at 22,995 and drops below 22,912โ22,880 (previous close zone), short opportunities may arise toward 22,800 (Opening Support) .
โ- Keep an eye on 22,800 as it is a key intraday support. Breakdown below it can lead to a deeper fall toward 22,728 and 22,632 .
โ๐ Educational Note: Flat openings often provide the best setups if you let price action settle. Stay nimble and neutral till breakout/breakdown confirms.
๐ 3. GAP-DOWN Opening Scenario (Opening Below 22,812)
If NIFTY opens with a gap-down of 100+ points (around or below 22,812 ) โ look for action near support zones like 22,800, 22,728, and 22,632 .
โโ
Action Plan:
โ- If Nifty opens near 22,800 and holds, wait for a reversal pattern. Intraday long trades are possible toward 22,912+ .
โ- A clean breakdown below 22,728 (Last Intraday Support) may trigger a slide toward 22,632 (Buyerโs Support) .
โ- Avoid catching falling knives. Only buy near 22,632 if thereโs clear bullish reversal with volume confirmation.
โ- If price opens below 22,728 and tries to retest and fails to reclaim that level, short trades can be considered with a stop above 22,728 .
โ๐ Educational Note: Big gap-downs often attract panic exits in the first 15 mins. Wait for a base to form before looking for reversal trades.
๐ง OPTIONS TRADING โ RISK MANAGEMENT TIPS
๐ผ Use defined stop losses based on 15-min or 30-min candle close. Avoid emotional exits.
โ๏ธ Avoid buying deep OTM options during rangebound conditions โ prefer ATM or ITM for better delta control.
๐ก๏ธ Use hedged strategies like bull call spreads or bear put spreads during high IV scenarios.
๐ On breakdown or breakout days, trade with the trend using limited-risk directional strategies.
๐ฐ Never risk more than 1.5โ2% of capital per trade โ capital preservation is key for consistency.
๐ SUMMARY & CONCLUSION:
Gap-Up above 22,995: Profit booking zone. Wait for reversal signs or breakout to 23,185.
Flat Opening: Best setups possible โ breakout above 22,995 or breakdown below 22,880.
Gap-Down below 22,812: Watch 22,800โ22,632 support zones for potential reversal or breakdown.
๐ฏ Let price lead the way โ react, donโt predict. Enter only on confirmation. Stay disciplined and respect the market structure.
๐ข Disclaimer: I am not a SEBI-registered analyst . This trading plan is purely for educational purposes. Please consult with your financial advisor before taking any position.
Nifty Intraday Support & Resistance Levels for 20.03.2025Market Recap:
On Wednesday, Nifty opened gap-up, dipped to a low of 22,807.95, and then rallied to a high of 22,940.70, entering the 75m Supply Zone (22,915.30 - 23,049.95). It closed at 22,907.60, gaining 73 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative.
Demand/Support Zones
Near Demand/Support Zone (30m): 22,770.35 - 22,798.30
Near Demand/Support Zone (15m): 22,697.75 - 22,736.30
Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55
Far Support: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950
Supply/Resistance Zones
Near Supply/Resistance Zone (75m): 22,915.30 - 23,049.95 (Tested)
Far Supply/Resistance Zone (125m): 23,144.05 - 23,235.50
Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65
Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30
Outlook
As expected, Nifty held the Daily Demand Zone and rallied past the 50% retracement level (22,885.95). The short-term trend remains bullish, and if the momentum sustains, Nifty could extend the rally towards 23,103 or even the Weekly Supply Zone at 23,222 in the coming days.
๐จ However, caution is advised as Nifty has touched the 75m Supply Zone today, which may lead to some selling pressure.
Make or Break 3 key Resistances Approaching. Nifty saw 3 good days of recovery. Now the real test begins as we are approaching the 3 big daddy resistances.
1) R1 Mother line Resistance (50 days EMA) 22988.
2) R2 Long Term Trend line Resistance 23237.
3) R3 Father Line Resistance 23399.
If these 3 are crossed the Nifty has potential to hit 23809 in the medium to short term.
If Nifty rally does not have steam it can again fall back to the support levels at 22638, 22334 or even 21974.
IT has not contributed to the current rally Infact it has remained laggard. RIL has not contributed. HDFC has remained range bond. If some IT counters or Heavy Weights like RIL or HDFC join the rally we can see Nifty flying otherwise there is a potential for this rally to fizzle out again. Things are in balance right now. Shadow of the candle neutral as I write this. Very important closing weekly closing awaits us on Friday.
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 or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. 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. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investmentย inย equity.
Nifty Analysis -Breakout soon FII inflows have turned positive, aided by a stable dollar index at 103. Nifty extended gains for the second session, closing above 22,800, driven by global cues and short covering. Surpassing the 20 DEMA after a month, it may target 23,100-23,200. Broad-based buying supported market breadth.
#Nifty
#NIFTY Intraday Support and Resistance Levels - 19/03/2025Gap up opening expected in nifty. After opening expected resistance near 22950 level. Possible reversal from this level. Downside 22750 level will act as a support for nifty. Strong upside rally expected if nifty starts trading above 23000 level. This upside rally can goes upto 23250+ level in today's session.
NIFTY S/R for 19/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.