NIFTY TRADE - 09-Dec-2024BUY AND SELL ZONES for NIFTY on 09-Dec-2024 Buy Zone 1: 24495 - 24525 Buy Zone 2: 24325 - 24355 Sell Zone: 24825 - 24855 DISCLAIMER: NOT FINANCIAL ADVICE; ONLY FOR EDUCATIONAL PURPOSESby jaideepvk333
NIFTY : Trading Plan and Levels for 09-Dec-2024Nifty Trading Plan for 09-Dec-2024 Previous Day's Chart Pattern: On 08-Dec-2024, Nifty displayed a range-bound movement within the No Trade Zone (24,674 – 24,780) , with intermittent attempts to break out on both sides. Buyers showed interest near the liquidity zone around 24,484 , but resistance at 24,780 capped upward momentum. The yellow zone signified consolidation, green highlighted bullish efforts, and red depicted bearish dominance. This creates a balanced yet cautious outlook for the next trading session. Trading Plan for 09-Dec-2024: Gap-Up Opening (+100 points or more above 24,780): If Nifty opens above 24,780: The immediate target will be 24,878 . A sustained move above this level may lead to a test of the profit-booking zone at 25,053 . Enter long positions above 24,780 with a stop loss at 24,730 . Watch for rejection patterns near 24,878 for partial profit booking. In case of a sharp reversal from 24,878, the index could retrace toward 24,780. Avoid aggressive longs if rejection occurs at higher levels. Risk Management Tip: Opt for slightly OTM call options in small quantities. Use trailing stops to secure profits near resistance zones. Flat Opening (Within the No Trade Zone 24,674 – 24,780): A flat opening within the No Trade Zone requires patience: If Nifty breaks above 24,780, initiate longs with targets of 24,878 and 25,053 . On the downside, a fall below 24,674 can lead to a retest of the first buyer’s support at 24,484 . Initiate shorts cautiously with a stop loss above 24,700. Risk Management Tip: Avoid overtrading in a sideways zone. Wait for clear breakouts before taking positions. Avoid weekly options in choppy zones. Gap-Down Opening (-100 points or more below 24,674): If Nifty opens below 24,674: First support lies at 24,484 . If this zone holds, we may witness a reversal toward 24,674. Look for bullish candles to confirm long entries. A break below 24,484 will likely test the liquidity zone at 24,446 or deeper support at 24,374 – 24,338 . Enter shorts below 24,484 with a stop loss near 24,500. Risk Management Tip: For gap-down scenarios, consider put options with a spread strategy to limit losses. Avoid chasing price movements without confirmation. Summary and Conclusion: Nifty's key levels to monitor are 24,674 – 24,780 (No Trade Zone), 24,878 (Opening Resistance), and 25,053 (Profit Booking Zone). The green zones represent bullish trends, yellow highlights consolidation, and red indicates bearish zones. Focus on executing trades only after confirmation and manage risks with disciplined stop-loss placements. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Traders are advised to do their research or consult a financial advisor before trading. Longby LiveTradingBox15
NIFTY S/R for 9/12/24Support 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. 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.by zenthosh0
Nifty | Pre Market Weekly View | 09 Dec - 13 Dec 2024Nifty closed the previous week with a strong Bullish candle which has reached to the 50% zone of the previous fall. There has been a good price consolidation around this level. The plan for the next week is simple. Nifty is in an uptrend and trading above key pivot levels that include the monthly and weekly pivots. If there's any sharp decline or gap down, then my suggestion is to not Short ! 24,300 there about should act as a good support zone and then look for good price action confirmation and buy on dip around those level. Long side target is 25,000 - 25,015 level. If there's a big gap up, don't go long either. There could be a potential reversal from around 25,015 + levels. Best option is to look for a correction and buy on dip. Longby Sky_Tracer1
Nifty - Inverse Head & Shoulder breakout The target could be calculated based on the depth of the head and that is giving us the number around 25500. Given the current momentum after the breakaway, market is starting to tell the bullish story. Keep an eye in coming day. Longby NandanChaturvediTrade6
Nifty turned uptrend - holding above breakout Breakaway gap - is not something that is formed in everyday market and it takes strong buying to create such a gap. Nifty is now holding above the breakway level after the trendline breakout and taking support from the same level. From here, I see a good possibility of upside to 25500 in the coming days. However, the price now must move with providing good dips to enter to absorb the price action. Do not consider this as a recommendation. I am not SEBI registered advisor and I am not responsible for your losses. by NandanChaturvediTrade0
NIFTY50.....Seasonlly it has to rise, but.....Hello Traders, the NIFTY50 has moved to 24857.75 on Thursday December 5th. The move to this level has been not expected to me, but it overcome the 0.786 Fibonacci of the latest decline from 24234. This higher the facts, that the decline was done @ the low at 23263! Notice, that @ 24990 the advance from 23263 will be equal in length (a=c)! So at this level, a corrective countertrend move could have end.If so, we should label the chart as a waves a-b-c of b and the next coould be a decline. It depends on the internal structure of the waves, which pattern will develop. For now, it is to soon to judge. A move above 25600 opens the door for a new ATH for N50! The level of 23826.85 to 23907.55 (smaller rectangle) is now support-area for the next days ahead. I will update the chartr in the coming days. Have a great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk. by ruebennase9
Niffy 50 ABC UP world markets BREAKING DOWN SOON The chart posted is that of the niffy 50 .I post months back of the blowoff to outside the long term channel and that A major top based on EW as well this rule on PCT outside the bands and channel called for a major decline .Since then I showed a clear 5 wave down ending wave 1 or A and now we have have what looks to be the ending of the ABC rally back into fib targets . What next we should start to see a rolling over and new DOWN leg to much lower levels . in a wave 3 or C .by wavetimer3
Cup and Handle kind of structure forming in Nifty. Nifty has given a good closing despite ending below the weekly high today. This week's high that Nifty achieved was 24857 while the closing is at 24677. The closing is substantially above 50 Week's EMA at and 50 days' EMA which is at 24396. this should be considered good reversal signal subject to we get a closing above 24857 within next week or the week after. FIIs selling has diminished and buying has emerged. There was little bit of DII selling seen on the browsers indication a little bit of profit booking or sectoral rotation. If you look at the chart a prominent structure of cup and handle is emerging which is again indicative of a positive indication. Those who are sitting on cash can slowly start building positions. The support for Nifty remain at: 24396 Strong support (Mother line of Daily chart) , 23882, 23340 Very strong support (Mother line of weekly chart), 23194 strong support (Mid channel support), If there is some adverse local or global news out of the blue all of a sudden as there is a substantial fall in unlikely circumstances the channel bottom support seems to be at 21229. (Highly unlikely scenario). The Resistances of Nifty Remain at: 24857 strong resistance (Weekly High), 25377, 25827 (Strong resistance), 26277 (Previous high and very strong resistance). Once we cross and get a weekly closing above 26277 in a long term the next strong resistances will be at 27269 (Cup and handle top and very strong resistance). Channel top in the long run 4 to 9 months from now seems to be at 27801. To know how to read charts and to know about Happy Candles numbers, parallel channel and my famous Mother, Father and small child theory read my book THE HAPPY CANDLES WAY TO WEALTH CREATION available on Amazon. The link to purchase the book is at the bottom in the signature section of the chart. 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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. Longby Happy_Candles_Investment1
NIFTY Surges 900+ Points: Massive Gains Unlocked!NIFTY on the 1-hour timeframe displayed an exceptional bullish momentum, achieving 900+ points in profit so far. This long trade setup, captured using the Risological Swing Trading Indicator , has already hit TP1 and TP2, with the remaining targets likely to be reached soon. NIFTY Key Levels: TP1: 24204.50 ✅ TP2: 24786.30 ✅ TP3: 25368.10 🔄 TP4: 25727.65 🔄 NIFTY Technical Analysis: The trade initiated at 23844.95 with a stop-loss at 23554.05, providing an excellent risk-to-reward ratio. The price consistently respected the Risological trend line, confirming the strength of the uptrend. Both TP1 and TP2 have been achieved, showcasing the precision of the system. The breakout above key resistance levels hints at a continuation towards the upper targets. This setup reflects how effectively the Risological Swing Trading Indicator identifies profitable opportunities with minimal risk. Namaste!Longby ProfitsNinja2
#NIFTY Intraday Support and Resistance Levels - 06/12/2024Nifty will open gap up in today's session. Expected opening near the 24800 level. After opening if nifty starts trading and sustain above 24800 level then expected upside rally upto 25000 level in today's session. Downside 24550 level becomes strong support for nifty. Any major downside rally only expected below 24450 level.by TradZoo5
NIFTY 50 6th DECEMBER 2024 Above the Yellow Zone: Indicates bullish momentum. If the price breaks and sustains above the yellow zone, we can expect upward movement, targeting red resistance zones. Below the Yellow Zone: Indicates bearish pressure. A breakdown below this zone suggests selling pressure, targeting the green support levels.by trade_geeks0
Nifty 50 - early signs of bullish reversal/ continuation NSE:NIFTY has seen a modest recovery after a strong correction which started in 27 Sept. Though we do not dispel a possible rebound, the stock may also be in a larger 3-wave structure and the current rebound may be an upside B leg corrective wave. But nontheless, the index is likely to continue on its upside as Ichimoku has shown two out of three bullish crossover. Stochastic also shown oversold crossover signal. First target at 25,780Longby William-trading2
Nifty technical analysis for tomorrow (06/Dec/2024)Nifty moments for option and future trading 06/Dec/2024 follow us for more updates information. message us for any stocks related information by ARROWINDEX3
NIFTY : Trading Plan and levels for 06-Dec-2024Trading Plan for Nifty – 06-Dec-2024 Intro to the Previous Day's Chart Pattern: On 05-Dec-2024, Nifty exhibited a volatile session but from the level (excatly where I mentioned in yesterday's trade pan) a significant rally towards the Wave C completion zone but a huge volatility in the prices seen in the last trading hour, . A sharp rejection from this zone reinforced bearish pressure, driving the index back to the Opening Support/Resistance zone at ₹24,697 . The chart highlighted three critical zones: Red Trend: Bearish resistance around Wave C completion ( ₹25,050 ). Yellow Trend: Sideways consolidation in the Opening Resistance Zone (₹24,882–₹24,697) . Green Trend: Bullish momentum originating from the Initial Support Zone (₹24,412) . Trading Plan for 06-Dec-2024 Gap Up Opening (+100 Points): If Nifty opens above ₹24,882 , it will likely face immediate resistance at the Wave C completion zone (₹25,050) . Action Plan: Look for bearish rejections or reversal candlestick patterns near ₹25,050 . A failure to sustain above this level indicates a shorting opportunity, targeting ₹24,697 and ₹24,412 . If Nifty sustains above ₹25,050 for at least two 15-minute candles, it signals a breakout. Go long, aiming for ₹25,300 and ₹25,450 . Risk Management Tip: Use a trailing stop-loss once the trade moves in your favor. For options, consider selling OTM puts below ₹24,700 to benefit from time decay. Flat Opening (Near ₹24,697): A flat opening will test the Opening Support/Resistance zone (₹24,697) . Action Plan: If Nifty holds above ₹24,697 , expect a bullish move towards ₹24,882 . Breakout above this level can lead to ₹25,050 . Failure to sustain ₹24,697 could drag Nifty towards the Initial Support Zone (₹24,412) . Monitor for price rejection at ₹24,412 for potential long entries. Risk Management Tip: For flat openings, avoid aggressive entries. Let the first 30 minutes establish the trend, then act accordingly. Use spreads (e.g., bull call spreads) to cap your risk in options. Gap Down Opening (-100 Points): A gap-down opening near ₹24,412 or below will test key supports. Action Plan: If Nifty finds support at ₹24,412 , look for bullish price action. Enter long positions targeting ₹24,697 and ₹24,882 . If Nifty breaks ₹24,412 , the next critical zone lies at ₹24,224–₹24,142 . Watch for signs of demand in this deep retracement zone for potential reversals. Risk Management Tip: In case of high volatility, trade with reduced position sizes. Use iron condors or straddles to take advantage of elevated option premiums during gap-down scenarios. Summary and Conclusion: Resistance Levels: ₹24,882, ₹25,050 Support Levels: ₹24,697, ₹24,412, ₹24,224 Key levels to watch: A breakout above ₹25,050 or a breakdown below ₹24,412 will dictate intraday momentum. Use proper risk management strategies like trailing stop-losses and avoid over-leveraging in volatile markets. Disclaimer: The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your own research or consult a financial advisor before making any trading decisions. Markets involve risk; trade responsibly.by LiveTradingBox6
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Nifty Intraday Support & Resistance Levels for 06.12.2024On Thursday, Nifty opened positively but saw early selling pressure, dropping to a day low of 24295.55, precisely taking support at the 30m Demand Zone highlighted earlier. A strong rally followed, pushing it to a day high of 24857.75, entering the Daily and Weekly Supply Zones. It closed at 24708.40, gaining an impressive 241 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, indicating a bullish tilt. Demand/Support Zones Near minor Demand/Support Zone (15m): 24295.55 - 24376.65 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35by PriteshPalan1
NIFTY S/R for 6/12/24Support 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. 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. by zenthosh2
Nifty 50 Views as of now EOD 05/12/2024I feel now it is necessary to express and reveal fresh zones about the Nifty 50 Index. As shown, in the chart drawing, Nifty 50 did manage to approch the historical support zone and since then it has bounced back quite a distance now. Presently, I am disclosing only Monthly Time Frame(MTF) zones, as they are normally significant zones as far as my understanding is concerned. To be proactive and early in decision making, one can also mark weekly significant zones which may help developing an hypothesis towards the direction. by AMGO_Markets1
Mother Father and small child theory proven right again. The moves that we saw in Nifty today were volatile, insane, bullish. Bears tried their best to stem the rally but Bulls won big with Mother line on daily chart providing / confirming support and giving ashirwaad. The low for Nifty was 24295 the high was 24857. The candle moved violently between the 2 extreme points. Mother line gave proper support and pulled Nifty up again closing the day at 24708. Again proving that when Mother and Father line give support or ashirwad there can be no stopping. Support for Nifty remain at : 24385 (Strong Mother line support), 24295, 23936 and 23607 (Father line). Below 23607 Nifty can fall again in bear grip. Resistances for Nifty remain at : 24723, 24857, 25036 and 25212. Above 25212 Nifty will be totally in Bull grip. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.Longby Happy_Candles_Investment0
Nifty & Sensex Analysis & Trade Plan for 6th DecemberNifty & Sensex Analysis & Trade Plan for 6th December05:48by rahulbora114
Waiting for 24540 area break NSE:NIFTY I am not SEBI registered :) This is not a trading advice. An upward break and close above the 24,540 level could signal more upside, indicating strong buying momentum and a potential continuation of the uptrend. Let me know your thoughts or if you have any suggestions/questions.by narindergoswamiUpdated 227
Something fishy is going on in the marketsBetween 1145 to 1200 hrs on 4th Dec'24, #Nifty50 & #NiftyBank experienced a freakish sell side move. Today at exactly 1200 to 1215 hrs, the same thing happened. Only difference being the change of direction. Today it happened on the Buy side. Something fishy is certainly happening. Let me know your thoughts on this because the move has been sudden, huge and against the trend.by Sky_Tracer3310