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NIFTY trade ideas

NIfty view for this week 14th Nov.Nifty Analysis for This Week Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue. Nifty remains bullish as long as it stays above 24,000. However, if it breaks 23,800, the Head and Shoulders pattern becomes valid, with a potential target of 10% correction. Key resistance lies at 24,300–24,550, and any breakout above these levels could push Nifty towards 24,800 – 25,000. Trade with caution and monitor these levels closely for signals.
NSE:NIFTY
by rakeshreddym
4
NIFTY 50 KEY LEVELS FOR 11/11/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:NIFTY
by nandupk
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
Nifty 50 weekly analysis November 14 exp The 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
NIFTY50.....Bearflag underway?Hello Traders, The NIFTY50 probably made a significant low @23816 on the 4th of November! It touches my favourite price range from 23893 to 23140. The "advance" since the low @ 23816 shows an impulsive structure, and the weakness afterwards is traced back to a 0.618 Fibonacci of the advance. The stage can be set for another leg to the upside. Target area around 25257. A possible wave x has been counted here! If so, we will have to check the internal structure of the wave to see if it is a major pullback (bear flag) within a "weakening" phase of the market, or if it is a new impulsive advance. If the latter is the case, the timeframe should be at least 1-2 weeks. But! If this decline is not yet over, the open target around the 23140 area should be on your list! Keep that in mind. Always be patient! Have a nice week..... Red Nose Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Nifty Trade Plan for Next Week - 11 Nov to 15 Nov 2024 Nifty formed an Indecisive Doji type candle with a bearish Bias on the Weekly chart. The overall sentiment remains firmly Bearish for now. While there was a bounce from 23,850 levels, that bounce was unable to sustain. I had already taken short position on Swing basis on 7th Nov with a plan to hold it till 23,550. (Refer to my earlier posts). For those looking to trade on weekly basis, I have indicated the resistance and support levels. I'm anticipating this week to have a trending move after two weeks of moves on either side. My target would be 23,550 where price would find a decent stable support at the 200 DEMA . If that breaks, then we would be in for further downside to around 23,350 but that could possibly happen in the upcoming weeks. Basically the logic is that after the first major fall was triggered, the market has paused for two weeks and now the fall should continue further. I don't think Global positive news will play much factor here. Indian markets seem over valued and hence this kind of healthy correction is required. The view needs to be simple - Sell on Rise. Look for Bearish price action on any rallies. Long view is possible only once Nifty starts trading firmly above 24,525. Trade responsibly.
NSE:NIFTYShort
by Sky_Tracer
NIFTY S/R for 11/11/24Support 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. 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.
NSE:NIFTY
by zenthosh
Nifty Medium to Long Term Outlook. Nifty on a weekly chart seems to be in the consolidation mode. With important geopolitical events that happened around the globe and India Nifty is trying to find a firm footing from where it can launch ahead. The events like Ukraine and Russia conflict, Israel and Iran++ conflict, Indian election results, Haryana assembly elections, US elections proved very volatile for the market. Upcoming events like China stimulus package and Maharashtra Elections will also be key for the direction of Nifty while moving ahead. Best case Scenario for Nifty right now following the Parallel channel seems to be 27796 towards the mid and end of First quarter of 2025. (We would have to be a pure optimist to think it can reach close to 28K in the next 5/6 months but you never say never). Median Scenario can keep Nifty range bound and we might find it exactly in the zone that it is right now that is between 24K and 25K. Worst case scenario for Nifty seems to be between 20 and 21K as of now.(This is a less likely scenario but you never say never). Major Support Levels for Nifty are at: 23816, 23211(Major Support 50 Weeks EMA-Mother Line), 22711, 21813, 21343 and 20858 (Channel Bottom Support). Major Resistance levels for Nifty are : 24589, 25241, 25796, 26277, 27120 and 27796 (Channel Top Resistance). To learn more about Parallel Channels and Mother, Father and Small Child theory read my book. The Happy Candles Way to Wealth Creation Available on Amazon in paper back and Kindle version. The book is now available on Google Play books in E-version too. Disclaimer: The views are personal and request you not to take positions based on the above data. The chart and the levels given in the message are purely for the purpose of education.
NSE:NIFTY
by Happy_Candles_Investment