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NIFTY INTRADAY LEVELS FOR 09/09/2024BUY ABOVE - 24960 SL - 24910 TARGETS - 25020,25080,25130 SELL BELOW - 24860 SL - 24910 TARGETS - 24800,24740,24700 NO TRADE ZONE - 24860 to 24960 Previous Day High - 25150 Previous Day Low - 24800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Technical Analysis & Tradingplan NIFTY50 for next day..📉Technical Analysis:📉 Falling Wedge Pattern:The chart is showing a falling wedge pattern, which is a bullish reversal pattern.The breakout has occurred, confirming a potential upward move.Volume Spike:After the breakout, we see a significant increase in volume, indicating strong buying pressure. Immediate Support and Resistance:The immediate resistance is at 24,900.The nearest support is at 24,600. Trading Plan: Entry: Enter on a pullback to 24,800 after the breakout. Target: First target at 24,900, and the next target can be set at 25,097.Stop Loss: Keep a stop loss just below 24,700 to minimize risk. Risk Management: Ensure at least a 1:2 risk-reward ratio by adjusting the target and stop loss accordingly.
NSE:NIFTY
by TradeAXN
#nifty50 analysis for next week 9th Sept-13th septThe Indian stock market experienced a significant downturn last week, with the Nifty 50 closing at 24,852, a substantial 400 points below the previous week's close. Despite reaching a weekly high of 25,333, the index ultimately settled within its expected range of 25,850 to 24,600. Looking ahead, a bearish outlook prevails for the coming week. The Nifty is anticipated to trade within a range of 25,500 to 24,150. A bearish engulfing candle formation suggests continued selling pressure on Monday and Tuesday. However, a potential bounce to 25,000 on Wednesday or Thursday could offer bears an opportunity to initiate fresh short positions. A daily close above 25,080 would be a positive sign for bulls, while a close below 24,486 (DEMA50) could lead to further declines, potentially opening the gates to 24,150, 24,000, or 23,840 (DEMA100). Globally, the S&P 500's decline of 240 points from the previous week's close triggered selling across various markets, including India. The 5,380 support level (DEMA50) is crucial for the S&P 500. A break below this level could result in a 3.5-4% correction, potentially testing the 5,200-5,170 support zone, which would likely exert further pressure on global markets.
NSE:NIFTY
by ssudhirsharma11
NIFTY50: Comparative study of all major Indices.f we consider 27th Oct 2023 as BASE LINE (i.e from where the Current Rally Starts) Here are the comparison of major indices as now (Base line treat as 0%) CAC (French Index): +35.07% NASDAQ (US Tech Index): +32.02% NIFTY50 (NSE India INDEX): +31.29% SP500 (US large 500 Company index LIKE in NSE NIFTY500): +31.03% DAX (GERMANY Index) : +24.61% DJI (Dow Jones Industrial Avg USA Index) +24.46% NIKKEI (Index of JAPAN): +15.19% UK100 (Index from United Kingdom Previously Known as FTSE): +12.27% HANSSENG (Index of HONGKONG): +0.26% SSE (Shanghi Composite China): -8.35% INDIAAN RUPEE Vs US Doller: +0.87% INDIAAN RUPEE Vs EURO: +6.09% (Good for TCS Like Stocks) US Doller Vs EURO (Currency of EUROPIAN Uniom): +4.69% Conclution: 1. Indian Indices is farely valued compare to NASDAQ & S&P500 2. Moderate OVERSTRETCHED CCompare to DAX & DOW Jones.
NSE:NIFTYEducation
by DSKF16
NIFTY 50 KEY LEVEL FOR 09/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the GREEN 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 GREEN line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below. **Timeframe:** Use a 5-minute 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 has a BEARISH Outlook for next week!As the Fed gears up for a rate cut, concerns about slowing global growth and economic uncertainty are weighing on investor sentiment. NIFTY may face increasing pressure, with potential for heightened volatility and downside risks. Traders should brace for turbulence, as this shift in monetary policy could trigger cautious market reactions and profit-taking. Stay vigilant in the face of uncertainty. Two case scenarios are discussed in the chart.
NSE:NIFTYShort
by TheSnop
US Data trouble, down markets and what you should do?NSE:NIFTY There are serious concerns, Job data seems to be lacking showing that the job markets are not doing so well, job creation is falling short of expectations with data coming in On the other hand Inflation data like PMI,CPI seems to be stubborn and even rising to reverse the smooth decline of inflation Not saying this is going to happen but in my opinion, the possibilities of stagflation has to be considered if inflation rises further and job data keeps being laggard Fed cuts might change the scenarios in the future but rn concerns might start to develop What you should be doing? 1. Continue SIP unchanged and automatic 2. Hedge your portfolios by Shorting futures (Strong conviction), Buying Puts (Strong conviction and timing speed), Selling options (Moderate conviction but not sure of timing) 3. Look for quality fundamental stocks and keep buying the dip We are nowhere near bear markets or even any correction, however considering the data, we have to be careful about not taking over levered positions in the market or selling puts at the wrong time, however, these dips can be used to find great stocks and invest cash at good prices Warning: Invest in good stocks on a staggered basis so that if the market continues to decline, we can keep adding good stocks at even better prices. Do let me know if your opinions are different from this, also if you hold any bad fundamental stocks which are overvalued, now may be the time to exit as these are the companies which will be mosty hurt with market corrections.
NSE:NIFTYShort
by Sannyu_Nanda
Major weakness in Nifty with across the board selling.Nifty today looked very weak as it was not able to sustain many important support levels. Relative strength index of Nifty is also looking that it might fall further. The candle looks like an Olympic diver which has jumped from the podium. You can never say never but shadow of the candle as of now looks very negative and dark red in colour. Resistance for Nifty will be at 24914, 25076 and 25333. Support for Nifty seem to be at 24702, 24483 (Major Mother Line 50 days EMA support). If this support is broken Bears can have a field day or a field week with no stopping. In such a scenario they can drag Nifty further down to 24242, 24016 or even 23673. The worst case scenario as of now looks like 23174 and 22759. 22759 will be Father line support. Nifty last took father line support only on 4th june 2024 when it looked as if NDA will not be able to form a Government and there were deep cuts. So it looks improbable that Nifty will fall till father line but you never say never as US and other global markets are in panic mode. Long term investors can be / should be ready with some liquidity as they might get a good chance for bottom fishing. Long term and ultra long term outlook for Indian markets still looks very positive.
NSE:NIFTY
by Happy_Candles_Investment
Understanding Order Block Trading StrategyOrder block trading is a technical analysis strategy that identifies potential support or resistance levels based on the accumulation or distribution of orders within a specific price range. These areas are often referred to as "order blocks." Key Concepts: Order Block: A price range where a significant number of buy or sell orders have been placed. Support: A price level where demand is strong enough to prevent the price from falling further. Resistance: A price level where supply is strong enough to prevent the price from rising further. Identifying Order Blocks: Price Action: Look for areas where the price has consolidated or paused for a significant period, indicating a potential accumulation or distribution of orders. Volume: Analyze the volume profile to confirm the presence of an order block. High volume during consolidation can indicate a larger accumulation or distribution. Structure: Consider the overall market structure and trend direction. Order blocks are more likely to be effective in a trending market. Trading Strategies: Buying at Support: If the price approaches a confirmed support level (an order block where accumulation has occurred), consider buying with the expectation that the price will bounce off the support. Selling at Resistance: If the price approaches a confirmed resistance level (an order block where distribution has occurred), consider selling with the expectation that the price will reverse downward. Using Order Blocks as Targets: Once a trade is initiated, use the order block as a potential profit target. If the price reaches the order block level, consider taking profits. Stop-Loss Placement: Place a stop-loss below the support level for long positions and above the resistance level for short positions to manage risk. Example: In this example, the shaded area represents an order block where a significant number of buy orders were likely placed. If the price approaches this level from below, traders might consider buying with the expectation that the price will bounce off the support. Note: Order block trading is not a foolproof strategy and requires practice and experience to master. It's essential to combine this technique with other forms of technical analysis and risk management strategies.
NSE:NIFTYEducation
by Trade_With_Prakash
NIFTY INTRADAY LEVELS FOR 06 SEP 2024BUY ABOVE - 25190 SL - 25130 TARGETS - 25240,25320,25400 SELL BELOW - 25130 SL - 25190 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25190 Previous Day High - 25240 Previous Day Low - 25130 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty delicately placed near Mother line & important trendline.Nifty which closed at 25145 is delicately placed just above mother line 50 EMA and an important trend line near 25143. Another important support will be today's low that is 25127. Below this level there can be further weakness which can take Nifty to 25083, 25005 and 24875. If major support of 24875 is broken the final support will be near 24776. If 24776 is broken Bears can take over the market. Resistances on the upper side are at 25173, 25208, 25234, 25269. Above 25269 Bulls can take control of the market at take the market to 25304 or even 25337. Right now shadow of the candle is still little negative.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading Levels and Plan for 06-Sep-2024Nifty 50 Analysis for 6th September 2024 In the previous session, Nifty exhibited a sideways movement with resistance at 25,275 and support near 25,150. The price has been consolidating around a no-trade zone, indicating indecision. A breakout from this range could provide a clear direction for traders. With key levels already defined, the focus for tomorrow will be on how Nifty reacts around these support and resistance zones, especially with a potential gap opening. Opening Scenarios for 6th September 2024 Gap Up Opening (100+ points): If Nifty opens above 25,354, there is potential to test the resistance zone around 25,388. However, this zone is also marked as a sideways range, meaning prices may struggle to break out decisively. A clear breakout above 25,388 can lead to further upside, while rejection from this level could push prices back towards 25,171. Traders should watch for consolidation patterns and wait for price stability before entering positions. - Key Levels to Watch: 25,354 (Immediate resistance), 25,388 (Sideways/Resistance zone) - Action: Enter long only if there is a sustained breakout above 25,388. Stop-loss should be kept tight below 25,354 to manage risk. Flat Opening (Within 50 points): A flat opening between 25,121 and 25,171 could result in consolidation near the no-trade zone. Prices are likely to hover around 25,171, with potential to either break above and test 25,354, or fall towards 25,121. It is advisable to avoid trading within this no-trade zone as choppy movement could result in false breakouts. Traders should wait for a breakout either above 25,171 for a long entry or below 25,121 for a short entry. - Key Levels to Watch: 25,171 (Upper no-trade zone), 25,121 (Lower no-trade zone) - Action: Stay patient and wait for a breakout from the no-trade zone before entering any positions. Gap Down Opening (100+ points): In the event of a gap down below 25,121, Nifty may find support around 25,081 or 25,040. If prices hold these support levels, it could trigger a bounce back towards 25,121 or higher. However, a failure to hold these supports can lead to a further decline towards the trend reversal zone at 24,914. Look for price action signals before entering long trades. A breakdown below 25,040 could open up further downside potential. - Key Levels to Watch: 25,081 (Support), 24,914 (Trend reversal zone) - Action: Consider long positions only if the price holds above 25,081. Set a tight stop-loss below this level to limit downside risk. Risk Management Tips for Options Trading: - Avoid overexposure by trading only within your capital allocation limits. - Focus on using weekly expiries to avoid significant time decay, especially when there is high volatility. - Stick to defined stop-loss levels and avoid adjusting them during the trade unless it aligns with your plan. - In the case of a sharp gap, consider waiting for the market to settle for 30 minutes to gauge the direction. Summary and Conclusion: Nifty is approaching critical zones with resistance at 25,354 and support around 25,121. A breakout from the no-trade zone will likely set the tone for the day. Traders should be cautious of choppy price action within this range and prioritize risk management. The upcoming session could witness significant volatility, especially if the market gaps up or down beyond the key levels mentioned. Disclaimer: I am not a SEBI-registered analyst. The views expressed here are for educational purposes and based on my personal analysis. Please conduct your own research or consult a financial advisor before making any trading decisions.
NSE:NIFTYShort
by LiveTradingBox
NIFTY S/R for 6/9/24Support 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: 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