21 April Nifty50 trading zone
#Nifty50 #option trading
99% working trading plan
👉Gap up open 23918 above & 15m hold after positive trade target 24032, 24212
👉Gap up open 23918 below 15 m not break upside after nigetive trade target 23760, 23680
👉Gap down open 23760 above 15m hold after positive trade target 23912, 24032
👉Gap down open 23760 below 15 m not break upside after nigetive trade target 23684, 23460
💫big gapdown open 23680 above hold 1st positive trade view
💫big Gapup opening 24032 below nigetive trade view
📌 Trade plan for education purpose I'm not responsible your trade
More education follow & support me
NIFTY trade ideas
Nifty Intraday Trade Setup | 21st April 2025Good Evening Traders,
Due to busy schedule we were not able to post Nifty intraday setup regularly but we will try to start posting Intraday ideas again.
On Thursday, Nifty opened with a gap-down due to fall in US markets on Wednesday but Nifty formed a double bottom around 21800 and is currently bullish so we saw good short-covering rally from 23330 to 23870.
Tomorrow, buy Nifty if sustains above 23870 for the targets of 23950 and above marked level. On the other side, sell if Nifty sustains above 23770 for the targets of 23680 and below marked level on the chart.
Expectations: Buy on dips in Nifty
Intraday Levels:
Buy Above - 23870
Sell Below - 23770
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty Weekly Wrap – 3rd Week of April ’25📉📈 Nifty Weekly Wrap – 3rd Week of April ’25 🔍
Bulls Charge Ahead – A 1,000+ Point Weekly Rally!
📌 Market Recap
What a week! Nifty 50 delivered a massive +1023 point gain – up 4.4% on a weekly closing basis – breaching the crucial 23,800 level and closing strong.
The rally was powered by a duo of positive triggers:
✅ Tariff relief
✅ Cooling inflation
This combination boosted sentiment and attracted strong institutional buying across the board.
📊 Technical Overview
Weekly & Monthly Candles: Bullish ✅
PCR Ratio: At 1.15, signaling a bullish tilt
RSI: Holding steady at 54 – trend and momentum both aligned
200 SMA on Daily Chart: At 24,050 – a crucial level to watch.
🔼 A breakout and close above this may trigger fresh buying and a possible shift in long-term sentiment.
📌 Bank Nifty Leadership
Bank Nifty almost hit its all-time high, clearly outperforming Nifty this week.
The rally wasn’t limited to just PSU or private players – both segments showed strong participation, giving more legs to this uptrend.
📍 Key Bank Nifty Level:
➡️ As long as 52,000 holds, the uptrend structure remains intact.
📉 Volatility Update – India VIX
India VIX cooled off by a sharp 24%, settling near 15 – further reinforcing the low fear + high confidence mood in the market.
📌 Market Sentiment Snapshot
Everything is aligning for the bulls:
✅ Sectoral rotation
✅ Robust earnings
✅ Institutional buying
✅ Easing macro concerns
🎯 Momentum is real, and as long as levels hold, dips might continue to be bought.
📌 Key Levels to Watch (Nifty)
🔼 Resistance Zones
▶️ 24,050 (200 SMA – critical level)
▶️ 24,190 ~ 24,225
▶️ 24,450
🔽 Support Zones
▶️ 23,820
▶️ 23,660 ~ 23,710
▶️ 23,400
▶️ 23,200
📋 Strategy Heading into Next Week
🧘 Stay with the trend, but don’t get complacent.
📌 Watch for a clean breakout above 24,050 with volume – it could set the tone for a fresh leg higher.
📌 On the downside, 23,660–23,820 is a key demand zone to track.
Let the structure develop – no need to predict every move. Follow price, stay flexible.
$NIFTY in bullish momentum. More upside-expectedDuring the last few days, we have been discussing the weakness in the US Dollar and the TVC:DXY index and what it means for the commodities like Gold ( AMEX:GLD ) and Oil ( TVC:USOIL ). But we never discussed the positive effect it has on the emerging markets like $NIFTY. The index NSE:NIFTY which consists of top 50 stocks based on market cap in India is having a positive momentum divergence after touching the lower bound of the upward sloping Fib retracement levels. Here in this blog space on 17th March we posted that NSE:NIFTY looks oversold and we might be ready for a bounce. We favored going long NSE:NIFTY at 22000. Since then, the RSI bottomed and we up 8% form the lows of 22032.
If we still follow the Fib levels from the last blog, the charts are telling us that we might be headed to 25000 before having any meaning full pullback. The index internals look healthy with RSI hovering around 50 and not in overbought territory. And the tailwind to all this is still the US Dollar story. Here we are targeting 95 in the TVC:DXY on a short-term basis. This might push NSE:NIFTY to 25000 and beyond.
Verdict : NSE:NIFTY rally continues to 25000; TVC:DXY to 95.
$NIFTY in bullish momentum. More upside-expectedDuring the last few days, we have been discussing the weakness in the US Dollar and the TVC:DXY index and what it means for the commodities like Gold ( AMEX:GLD ) and Oil ( TVC:USOIL ). But we never discussed the positive effect it has on the emerging markets like $NIFTY. The index NSE:NIFTY which consists of top 50 stocks based on market cap in India is having a positive momentum divergence after touching the lower bound of the upward sloping Fib retracement levels. Here in this blog space on 17th March we posted that NSE:NIFTY looks oversold and we might be ready for a bounce. We favored going long NSE:NIFTY at 22000. Since then, the RSI bottomed and we up 8% form the lows of 22032.
If we still follow the Fib levels from the last blog, the charts are telling us that we might be headed to 25000 before having any meaning full pullback. The index internals look healthy with RSI hovering around 50 and not in overbought territory. And the tailwind to all this is still the US Dollar story. Here we are targeting 95 in the TVC:DXY on a short-term basis. This might push NSE:NIFTY to 25000 and beyond.
Verdict : NSE:NIFTY rally continues to 25000; TVC:DXY to 95.
Nifty Closes 1000 Points Higher – Will It Catch Up with BNFIn a strong move, Nifty 50 surged by 1000 points to close at 23,851, compared to last week’s close. The index made a weekly high of 23,872 and a low of 23,207. As highlighted in last week's analysis, a breakout above 23,400 could push Nifty toward 23,900 — a target it missed by just 23 points.
However, an intriguing divergence has emerged between Nifty and Bank Nifty. While Bank Nifty has scaled a new all-time high, Nifty still trades significantly below its previous all-time high of 26,277. This sets the stage for an interesting dynamic: Will Nifty rally to close the gap, or will Bank Nifty face a correction?
What to Expect Next Week?
For the upcoming week, Nifty is expected to trade in a range between 23,200 and 24,414. Despite the bullish signals on the daily and weekly timeframes, the monthly chart remains weak, indicating that volatility is likely to persist until a broader trend confirmation.
S&P 500 Outlook: Bounce or Breakdown?
The S&P 500 index saw a mild pullback, closing around 80 points lower from the previous week’s close of 5,363. Our “sell on rise” strategy mentioned last week worked well, as the index dipped post-rally.
Now, things get technically interesting. On the weekly chart, the S&P 500 is forming a potential bullish W pattern and an inside bar. A breakout above the previous week's high of 5,481 could trigger upward targets of 5,551, 5,637, and 5,679.
However, on the downside, a break below 5,115 would reintroduce bearish pressure, which could have negative ripple effects across global markets.
Key Market Takeaways:
Nifty 50: Strong rally, but still below ATH. Watch 23,200–24,414 range next week.
Bank Nifty: At ATH, diverging from Nifty – crucial to monitor.
S&P 500: At a technical crossroads – potential for breakout or breakdown
Nifty Month expiry analysis - April final week.Nifty is looking positive on charts, and there is still room left for upside momentum . Last week’s closing at 23850 will work as an important support this week, and we can expect upside momentum to continue upto 24283-403 in the upcoming week. An important level to watch for upside is 23960. On the downside, if due to any fresh global uncertainties, Nifty breaches 23770, then it can slip to the range of 23500. All levels are marked in the chart posted.
NIFTY50.....Correction ahead?Hello Traders,
the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis!
It will be interesting to observe how market will react in the coming one or two days ahead!
Chart analysis!
As to seen, there is a trend line drawn, and it has been touched three times, what makes this one really important! On the way up, there are some gaps to the upside, and sooner or later, they will be closed.
A first target for this scenario could be a range of about 22867 area.
The bulls have to watch the impulsive structure, that has been formed at the last days, 'cause it's possible to count an impulsive move up (1-2-3-4-5)! The next move, when it is done, is a correction within a wave 2, that more often than not retrace a 0.618 Fibo of wave 1 of any degree. New lows, while not expected, are just below @22194 a real scenario!
When the bulls are willing to extend the gains, one target range is around the wave x of the triple @ 24857 a realistic idea!
Well, friends, that's it for a quick note.
Happy Easter and a great week for all of you.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
NIFTY50.....Correction ahead?Hello Traders,
the NIFTY50 has achieved my target range @ 23872 and touched the wave x² range of a possible triple pattern. This was inline to my analysis!
It will be interesting to observe how market will react in the coming one or two days ahead!
Chart analysis!
As to seen, there is a trend line drawn, and it has been touched three times, what makes this one really important! On the way up, there are some gaps to the upside, and sooner or later, they will be closed.
A first target for this scenario could be a range of about 22867 area.
The bulls have to watch the impulsive structure, that has been formed at the last days, 'cause it's possible to count an impulsive move up (1-2-3-4-5)! The next move, when it is done, is a correction within a wave 2, that more often than not retrace a 0.618 Fibo of wave 1 of any degree. New lows, while not expected, are just below @22194 a real scenario!
When the bulls are willing to extend the gains, one target range is around the wave x of the triple @ 24857 a realistic idea!
Well, friends, that's it for a quick note.
Happy Easter and a great week for all of you.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Nifty has finished neutral triangle with BD trendline brokenneutral triangle complete in daily
chart and BD trendline is broken by the thrust with
time taken by thrust less than time
taken to form wave e
b and d are overlapping, there is price alternation btw b and d,
also b is 5 monowave
and d is 3 monowave
now price can go atleast till 75% of wave c
So market can go bullish now
NIFTY trading at RESISTANCE!! But!! As we can see NIFTY trading at final resistance after a strong breakout of 23400 level and now is trading around 23800 levels which has acted as a strong supply zone previously hence we can expect signs of REJECTION around here but if any case it sustains above the given level then we can also see a possible formation of inverted head and shoulders pattern in bigger time frame hence any closing above 24000 levels could show another strong unidirectional rally which can also lead to new ATH so plan your trades accordingly and keep watching everyone.
NIFTY TREND DIRECTIONNifty 23851 - has Fibonacci measured resistance at 24134 and support at 23414. Signals are STRONGLY bullish. Call writers shed 4 M calls from Nifty @ 23415 while PUT writers roared and took Nifty high adding 13 M PUTS. FII's took the opportunity to shed 1,073 contracts and 75000 calls and 66000 PUTS.
Based on above facts we expect Nifty to move up higher to test the resistance and if it sustains the resistance would move to 25590
NIfty FIIs: Bearish, with a net short position (-110,267), but reducing derivative exposure, suggesting profit-taking or lower conviction.
Clients and Pros: Leaning bullish, covering bearish bets (short puts: +40,324 for clients, +28,888 for pros; short calls: +70,551 for clients). Pros’ net long (+124,523) is positive.
DIIs: Cautiously bullish, with steady long futures (+78,089) and minimal changes, providing stability.
Sentiment: Mixed, with FIIs bearish, clients/pros bullish, and DIIs stabilizing. The bullish tilt from clients/pros aligns with option chain put writing.
Nifty Analysis EOD – 17th April 2025🟢 Nifty Analysis EOD – 17th April 2025 🔴
Weekly Expiry Surprise – A One-Sided Short Covering Rally!
📌 Market Background
Before jumping into today’s rally, let’s briefly revisit yesterday’s analysis:
“Tomorrow’s weekly expiry + a holiday on Friday = high chance of a rangebound expiry day. Even if we get a gap-up due to global cues or news, I’m not expecting a breach above 23,500.”
This view was based on the recent expiry behavior and range contraction, especially with the past two days showing just a 170-point range and the last 10 expiries averaging a 192-point intraday range.
But today, the market did what it does best – surprised everyone!
📌 Today’s Price Action
Nifty gave a one-sided, mind-blowing short-covering rally on the weekly expiry day.
IB High + PDH Breakout triggered a sharp move early in the session.
Sustained price action above 23,550 in the morning session activated aggressive short covering.
This momentum carried Nifty all the way to an intraday high of 23,872.
Closing at 23,852, Nifty registered a new swing breakout, moving above its previous highest swing close.
📊 Intraday Movement Stats
Total movement: 574 points 🔥
Nifty: +414 points (+1.77%)
Bank Nifty: +1172 points (+2.21%)
Nifty 500: +277 points (+1.3%)
Midcap: +312 points (+0.60%)
Smallcap: +61 points (+0.37%)
📌 Key Observations
Bank Nifty is now just 177 points away from its All-Time High closing.
Smallcap and Midcap underperformance suggests today’s rally was index-heavy – many portfolios might not reflect the same gains as Nifty.
📉 So, What’s Next at 23,850?
Honestly… don’t know!
Will it push to 24,050?
Or take a pause and pull back for a retracement?
With Friday being a holiday, we’ll have to wait until Monday for clarity.
📌 Important Levels to Watch
🔼 Resistance Zones
23,950 ~ 24,000
24,050
24,190 ~ 24,225
🔽 Support Zones
23,820
23,660 ~ 23,710
23,500
23,400 ~ 23,430
23,340
23,200 ~ 23,190
🧠 Strategy Insight
Don’t chase. Watch price action around 23,820–23,950.
Be flexible. Don’t marry a bias. Let Monday’s opening structure guide your next move.
Trading Mindset
I Am a Software Developer and a Passionate Trader
Over the past five years, I have explored nearly every aspect of trading—technical analysis, intraday trading, MTF, pre-IPO investments, options selling, F&O, hedging, swing trading, long-term investing, and even commodities like gold and crude oil.
Through this journey, I realized that **technical analysis is only about 20% of the equation**. The real game is **psychology and mindset**.
I have distilled my learnings into concise points below—insights that have shaped my approach and will continue to guide me in my version 2.0 of trading. I hope they prove valuable to you as well.
---
### **Position Sizing**
One of the most important aspects of trading is choosing the right position size. Your trade should never be so large that it causes stress or worry. Keep it at a level where you can stay calm, no matter how the market moves.
### **Set Stop-Loss and Target Before Placing a Trade**
Decide in advance when you will exit a trade—both at a loss (**stop-loss**) and at a profit (**target**). This helps maintain emotional balance, preventing extreme excitement or frustration.
### **How to Calculate Position Size**
- Use **technical analysis** to identify your **stop-loss** and **target**.
- Example: If CMP is ₹100 and your stop-loss is at ₹94 (₹6 risk per share), determine your risk tolerance:
- ₹3,000 risk ➝ **500 shares** (₹3,000 ÷ ₹6)
- ₹1,200 risk ➝ **200 shares** (₹1,200 ÷ ₹6)
- Adjust quantity based on how much you're willing to risk.
### **Setting Target Price & Risk-Reward Ratio**
The most important factor in setting a target is the **risk-reward ratio**. If your stop-loss is ₹6, your target should be at least **₹6, ₹9, or ₹12**.
### **Why Is Risk-Reward Important?**
Let’s say you take **10 trades**—5 go in your favor, and 5 go against you. If your risk-reward ratio isn’t favorable, you could end up in a loss.
Example:
- You **lose ₹6** in two trades → ₹12 total loss
- You **gain ₹3** in three trades → ₹9 total profit
- **Net result: -₹3 loss**
To ensure profitability, your **reward should be equal to or greater than your risk**. A **1.5x or 2x risk-reward ratio** is ideal.
### **Flexibility in Targets**
Even when the price reaches **Target 1**, you can **book partial profits** and let the rest run with a **trailing stop-loss**.
---
### **Managing Multiple Trades**
This is **very important**. If you're a beginner, **limit yourself to 2 trades**, and even if you're a pro, **avoid more than 3-5 positions**.
**Example:** If you have **₹2 lakh**, make sure you have **only 2 trades open at a time**. Add a third stock **only when you close another position**.
---
### **How to Deploy Capital**
Patience is key. If you have **₹1 lakh**, **divide it into 4-5 parts** and buy **in small chunks over time**.
**Why?**
The **nature of stocks** is to move in waves—rising, facing profit booking, then breaking previous highs. Instead of investing everything at once, **buy in staggered amounts** to ensure your **average price stays close to CMP**.
---
### **Avoid Market Noise**
When trading, **stay in your zone**.
Social media posts can make you feel **slow compared to others**, but they don't show the full picture. Avoid distractions like:
- Direct stock tips from **news channels**
- P&L snapshots from traders
- Following too many **analysts on social media**
Instead, **listen to expert views**, but stay disciplined with **your own strategy**.
---
### **Stock Selection**
Stock selection has **two elements—technical and fundamental** (I'll write a separate post on this).
Always **buy a stock that you can hold even in your darkest times**.
**Example:**
- Choose **blue-chip stocks** with **high market caps & strong promoter holdings**
- Never **buy a stock just because it’s in momentum**
- If a stock **turns into a forced SIP**, it’s not a good buy
Pick stocks with **a long-term story**—even if you fail to exit at the right time, you should be comfortable holding them.
---
### **Accept That It’s the Market, Not You**
Many traders fail because they **don’t admit that the market is unpredictable**.
Losses happen because of volatility, not necessarily poor strategy. **Example:**
- You lose a trade and **try improving your method** but face another hit
- Some losses **are simply beyond your control**
Most of what happens in the market is **not in your hands**—including stop-loss triggers. **Accept this reality,** and focus on **risk management** instead of revenge trading.
---
### **Keep Separate Trading & Investment Accounts**
Trading and investing **are different**. If you keep them **in the same account**, you’ll:
- **Book small profits** on investments
- **Hold short-term trades in losses**
Having **separate accounts** keeps **your goals clear**.
---
### **Don’t Let the Market Dominate You**
Even full-time traders **shouldn’t obsess over the market**.
Limit your **screen time to 2-3 hours during market hours**.
**Why?**
- You can’t **act on global markets until 9:15 AM IST**
- Even if a **war or tariff issue** arises, **you can’t do anything until market open**
- Overthinking leads to **over-trading**, which drains money
Instead, **invest time in developing new skills**.
---
### **Do What Suits You, Not Others**
If you're good at **swings, stick to swings**. If you're good at **intraday, do intraday**.
Don't follow **what works for a friend—trade based on what suits you**.
---
### **Avoid FOMO**
Don't **stress** if a stock jumps **20% in a day**.
Stock **accumulation zones, demand/supply areas, profit booking**, and **retests** happen **regularly**—opportunities will always come.
Even traders who claim they made **20% in a day** **don’t share how often they got trapped chasing stocks**.
---
### **Stop-Loss Is Your Best Friend**
No, stop-loss is your **best friend for life**.
**Example:**
- Suppose you **enter 10 trades in a month**.
- **6 do well** and you book profits.
- **4 go against you**, but instead of exiting, **you hold** because you believe they’ll recover.
- Next month, you **repeat this cycle**—adding more positions.
Over time, **this builds a portfolio of lagging stocks**, and suddenly, **your losses dominate your portfolio**.
---
Even Experts Face Losses
Even professionals with **advanced research teams lose money**.
Retail traders often **believe they can avoid losses by analyzing a few ratios**, but **losses are part of trading**.
A stop-loss ensures **you stay in the game long-term**—instead of holding onto losing trades indefinitely.
---
Take a Break & Restart
Taking breaks is **crucial**. If everything is going wrong, **don’t hesitate to press the reset button**—step back, analyze, and refine your approach. A fresh mindset leads to better trading decisions. (I’ll write a detailed post on this soon.)
Nifty Parallel Channel and how things are shaping up. Nifty has closed strongly above the Mother line of Weekly chart this week. This should be considered a solid come back by Indian markets after the Trump Tariff induced fall. Indian economy is showing it's capability to bounce back on the back of strong rally in most of the sectors other than IT. Uncertainty in IT still looms as below par results that have started coming for might TCS and INfosys. We have a long weekend and uncertainties due to various announcements by global leaders regarding Tariffs can still spoil the party so one needs to be cautious in carrying huge positions over night and over the week especially in F&O trades.
Nifty travelling in a Parallel channel depicted above since 2020 is just below its Mid channel resistance at 24415. If you want to see the power of Mid Channel resistnace look at how it stopped Nifty between August 22 to December 23 below it. So Mid-channel resistnace should never be taken lightly. The area is depicted in the chart for your better understanding. Even before we reach that point of major resistance, Nifty has to counter strong resistance which was high of today and this week at 23872. Closing above 24415 can enable and empower Bulls to further push Nifty towards 24894, 25K and 25383 levels if the rally continues.
To know more about Parallel channel and how this Technical tool can be used to create wealth in stock market , you need to read my book The Happy Candles Way To Wealth creation. It is a highly rated book have a look at various reviews of the readers on Amazon. Both paperback and Kindle versions of the same are available on Amazon.
Nifty supports in case it is not able to cross and close above the resistnace zone of 23872 and 24415 will be 23272 (Strong Mother Line Weekly Support or 50 Weeks EMA) and 22698. A closing below 22698 in case of some adverse news or global development can empower the bears and can have potential to drag Nifty towards recent low of 21743 or 52 week low of 21281.
As of now things looking good but we have to wait and see the global and local developments over the weekend.
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 investment in equity.