NIFTY trade ideas
The next move for Nifty (2 trades for me)Nifty is undergoing a good correction. The retracement may go deeper if we fail to respect the Rejection block level.
There are 2 trades.
The first one will get triggered at the rejection block for a small pullback to gaps (imbalances).
The second trade is tentative and will depend on market reaction
Market Still Searching for Bottom. Nifty is still searching for a firm bottom from where it can form a base and launch a comeback. RSI of Nifty on Weekly chart is at 34.15. The weekly RSI was this low only during COVID fall when market RSI had gone below the level of 20. Most of the levels are being broken down week after week and day after day.
Now Nifty supports are at 22054 and 21813. 21813 seems to be a very strong support if this support is broken we have only 21281 support which was the Election day low where there was a fear of regime change. If 21281 is broken then 20507 and 19706 Father line of weekly Chart.
Daily RSI is at 22.4 which indicates Nifty might be near the oversold zone. Upside resistances for Nifty are at 22588, 22743. Crossing these 2 hurdles will bring in a formidable Fibonacci resistance of 23214 and 23334 (Mother line of Weekly chart) into picture. Bulls can make a come back only after we get a closing above 23334.
Amongst all these negative indications Nifty 50 PE valuations are at 19.7. The 10 year Average PE of Nifty 50 is at 23.5. Which means lot of stocks are trading below their 10 year Price to Earning average and value buyers can see an opportunity here for long term investment and they can start collecting fallen stars.
Daily 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.
NIFTY 50 Weekly Chart Technical AnalysisTechnical Analysis of NIFTY 50 Weekly Chart
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1. Chart Overview
• The chart represents the NIFTY 50 Index on a weekly timeframe.
• A significant downtrend is visible after reaching a recent high near 26,277.
• The index is trading around 22,124, close to an identified support level.
• The chart includes volume bars, MACD, and RSI indicators to analyze trend strength and momentum.
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2. Key Chart Features and Pattern Observations
• Support & Resistance Levels:
o Resistance: ~ 26,277 (marked in purple).
o Support: ~ 21,281 (marked in blue), with a lower potential support around 18,837.
• Price Action:
o The market recently made a lower high, signaling weakness.
o A series of red candles indicates strong selling pressure.
o The price is approaching a crucial support zone, where a potential bounce might occur.
• Trend:
o The primary trend is bearish, as seen from the continuous red candles.
o The recent downtrend has been accompanied by increased selling volume.
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3. Indicator Analysis
Volume:
• Volume has increased on the recent red candles, confirming strong selling pressure.
• A decrease in volume near support could indicate exhaustion of selling.
MACD (Moving Average Convergence Divergence):
• The MACD line (red) is below the signal line (blue), indicating bearish momentum.
• The histogram is showing negative bars, confirming a downtrend.
• No signs of a bullish crossover yet.
RSI (Relative Strength Index):
• RSI is currently at 36.28, near the oversold zone (30).
• If RSI drops below 30, it could indicate an extreme oversold condition, signaling a possible reversal.
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4. Key Levels or Price Levels
• Resistance Levels:
o 26,277 – Major resistance from the recent high.
o 23,500 - 24,000 – Possible minor resistance if a rebound occurs.
• Support Levels:
o 21,281 – Immediate support, if broken, may lead to further downside.
o 18,837 – Stronger support level, last major swing low.
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5. Overall Summary
• Bearish Trend: Price action, MACD, and RSI confirm a downward trend.
• Support Test: The market is near a critical support at 21,281.
• Oversold Conditions Approaching: RSI is nearing oversold levels, suggesting a potential bounce.
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6. Trading Strategy
Bearish Scenario (Short Selling)
• If 21,281 breaks, a short trade can be taken with targets of 20,500 - 19,000.
• Stop-loss: Above 22,500.
Bullish Scenario (Buy on Reversal)
• If the price shows support of around 21,281, a long trade can be considered.
• Confirmation: Bullish candlestick pattern or RSI divergence.
• Target: 23,500 - 24,000.
• Stop-loss: Below 21,000.
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7. Conclusion
• NIFTY is in a strong bearish trend, and price action indicates further downside unless support at 21,281 holds.
• Key decision area: If price holds at support, a bounce may occur. If broken, expect further downside.
• Traders should watch for confirmation signals like bullish candlestick formations, RSI divergence, or volume decrease to gauge potential reversals.
Will Nifty Reaches 34500 From Here Now? #superchartzAs per the historical data the nifty always outperformed the fall with almost 2X total gain when it falls almost 15% the average rally is about 40%. Lets wait and watch the rally and bounce back from weekly EMA 100.
Fingers Crossed,
Hopping for the speedy recovery soon.
NIFTY 50 Trade Setup 20 FEB EXPIRY -- Education purpose only--Nifty 50 Faces Key Support At 22,800 Levels
open interest distribution for the Nifty 50 Feb. 20 expiry series indicated most activity at 23,500 call strikes, with the 23,000 put strikes having maximum open interest.
Nifty 50 support is placed at 22,800. "If Nifty 50 falls below 22800, then the selling will trigger. Nifty 50 immediate resistance at 23,000,"
19th Feb Target 1 22687.08
Nifty 50 long term trend analysis, major support and resistance Nifty 50 Index (NSEI: NIFTY) was in a trend for 12 years from June 2008 to Dec 2020. In December 2020 it broke out of this range at ~13357 and almost doubled in just shy of 4 years (September 2024) peaking at ~26277.
Support 1 : 21870 (Fib 23.6%)
Support 2 : 19114 (Fib 38.2%)
Support 3 : 16909 (Fib 50%)
Note: Not an investment / trade recommendation. Just for educational purposes only.
NIFTY ..Wedge or Ending diagonal..Excellent spot to buy stocks As you can see the wedge down in the charts is entering a throwdown overshoot..this over shoot can end max up till 21300...This over shoot will trap bears...that confirmation will come when Nifty closes voilently above previous days close...Till then its a downtrend to the above Nifty figure of 21300..So all the best..cause we will have a zoom up up till year end of 11 to 17%
NIFTY | HEAD & SHOULDER | REVERSAL SETTING UPGuys, do not short Nifty !
A clear base is forming on Nifty and there is a H&S pattern that is setting up on the 15 min chart. This means that there is an accumulation going on.
We can anticipate a breakout from this accumulation to happen in the next week or so.
P.S. This is not a recommendation. You are advised to do your due diligence and consult a Financial advisor.
NIFTY 50 consolidation breakout - 3 min & 1 hr
S2 Break on weekly CPR
3 minute candle daily CPR movement need to confirm the downward moment.
1) if 3 min candle open below S1 and retest then a good movement can be expected.
2) If the 3 minute candle opens above R1 or SMA 200 with good green candle then can see a consolidation or a bounce back
the analysis which i shared is purely based on my analysis. do your own research. any suggestion or rectification kindly comment below.
#NIFTY Intraday Support and Resistance Levels - 28/02/2025Flat opening expected in nifty. It is consolidating in between the range of 22500-22550 level. Major directional rally only expected if nifty give break and sustain this range breakout. Strong downside movement expected below 22500 level. For bearish rally 22300 will be next support level. For bullish rally upside 22750 will act as a major resistance in today's session.
A BEAR TRAP coming up!!??As we can see NIFTY has formed more like an inverted flag-pole structure which signified bearish continuation but since it is trading around strong demand zone, it can potentially give false breakdown resulting in a TRAP and this trap could potentially change the overall structure of the market and can close inside the pattern hence we should wait for closing below the pattern to confirm the breakdown else the bear trap could trap us so plan your trades accordingly.
28 feb nifty50 important levels & trading zone 99% working trading plan
Gap up open 22548 above & 15m hold after positive trade target 22640,22700
Gap up open 22548 below 15 m not break upside after nigetive trade target 22492,22460
Gap down open 22490 above 15m hold after positive trade target 22548, 22630
Gap down open 22490 below 15 m not break upside after nigetive trade 22460,22420
More education following me
📌For education purpose I'm not responsible your trade
Nifty50 : My perspective !- Here is my perspective on what nifty should would and could do in the next one month.
- All my perspectives are laid down on the chart itself.
- 22,500 is a good support but unfortunately the 100 WEMA is below it so we may see some penetration below 22,500.
- Whatever happens, it is important to keep your plan ready.
- Follow this idea because we will keep updating it.
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NIFTY Intraday Trading levels and Plan – 28-Feb-2025
This analysis provides a comprehensive trading plan for the NIFTY 50 index on February 28, 2025, covering all possible opening scenarios. We will evaluate Gap-Up, Flat, and Gap-Down openings (with gaps of 100+ points) and outline clear action points, key levels, and risk management strategies. This plan is designed to help traders navigate the market with precision and discipline. 📈🔍
🔹 Scenario 1: Gap-Up Opening (100+ points)
If NIFTY 50 opens above 22,763 (a gap of 100+ points from the previous close of 22,663), it signals strong bullish momentum. This opening suggests aggressive buying interest, potentially driving prices higher.
If the price sustains above 22,763, it could target the resistance zone of 22,884–22,900. This zone is a profit-booking area where selling pressure may intensify due to historical resistance and recent highs.
If the price faces rejection at 22,884–22,900, a reversal trade could be considered, targeting a pullback to 22,700–22,663 (opening resistance and previous close).
Should the price break above 22,900 with strong momentum (e.g., high volume and bullish candlestick patterns), we might see a rally toward 23,000 or higher.
✅ Trade Plan:
✔️ Buy on a breakout and retest of 22,763 , targeting 22,884–22,900. Use a stop-loss below 22,663 to manage risk.
✔️ Short if the price rejects 22,884–22,900, aiming for 22,700–22,663. Place a stop-loss above 22,900 to limit potential losses.
Explanation: A Gap-Up opening of 100+ points reflects bullish sentiment, but chasing the gap immediately can be risky due to volatility. Waiting for a retest of 22,763 confirms bullish intent, while the resistance at 22,884–22,900 acts as a natural profit-taking zone. A rejection at this level could signal a shorting opportunity if bearish momentum builds.
🔹 Scenario 2: Flat Opening (Near 22,663–22,700)
If NIFTY 50 opens within the range of 22,663–22,700, it suggests a balanced market with no clear directional bias. This zone acts as a critical opening support/resistance area where price action could consolidate or break out.
A breakout above 22,700 could drive prices toward 22,884–22,900, signaling bullish momentum.
A breakdown below 22,663 might lead to selling pressure, targeting 22,510–22,356 (opening support and last intraday support) or even 22,268–22,070 (buyer’s support levels).
✅ Trade Plan:
✔️ Buy above 22,700 , targeting 22,884–22,900. Use a stop-loss below 22,663 to protect against a false breakout.
✔️ Sell below 22,663 , targeting 22,510–22,356 or 22,268–22,070. Set a stop-loss above 22,700 to manage downside risk.
Explanation: A Flat opening often results in consolidation, making it challenging to trade without confirmation. The 22,663–22,700 range is a no-trade zone unless a decisive breakout occurs. Traders should wait for clear price action (e.g., strong candlestick patterns or increased volume) to avoid fake moves and ensure higher probability trades.
🔹 Scenario 3: Gap-Down Opening (100+ points)
If NIFTY 50 opens below 22,563 (a gap of 100+ points from the previous close of 22,663), it signals bearish sentiment and potential weakness in the market.
Immediate support lies at 22,510–22,356 (opening support and last intraday support). If this holds, a pullback toward 22,663–22,700 could occur.
If 22,356 breaks with strong selling pressure, expect further downside toward 22,268–22,070 (buyer’s support for a possible reversal).
✅ Trade Plan:
✔️ Buy near 22,356 , targeting a pullback to 22,663–22,700. Use a stop-loss below 22,268 to limit risk.
✔️ Short below 22,356 , targeting 22,268–22,070. Place a stop-loss above 22,356 to protect against a quick recovery.
Explanation: A Gap-Down opening of 100+ points indicates panic or profit-taking, but prices can rebound if support levels hold. Waiting for confirmation near 22,356 ensures the price isn’t just oversold, while a break below this level confirms bearish momentum for shorting opportunities. The 22,268–22,070 zone offers a potential reversal point if buying interest emerges.
📌 Risk Management Tips for Options Trading 💡
🛑 Always Use a Strict Stop-Loss: Protect your capital by setting stop-loss orders at key support/resistance levels to limit potential losses.
🎯 Take Partial Profits: Lock in gains at intermediate targets (e.g., 22,884 or 22,356) to secure profits while allowing room for further moves.
🕰️ Avoid Overtrading: Stick to the plan and wait for clear price action confirmation—don’t force trades in uncertain conditions.
💰 Use Proper Position Sizing: Risk only a small percentage of your capital (e.g., 1–2%) per trade to ensure longevity in the market.
📌 Summary & Conclusion 🎯
✔️ Bullish Above: 22,700 → Target: 22,884–22,900.
✔️ Bearish Below: 22,663 → Target: 22,510–22,356 or 22,268–22,070.
✔️ No Trade Zone: 22,663–22,700 (Wait for a breakout).
Trade with discipline, follow your plan, and prioritize risk management to navigate the NIFTY 50 market effectively on February 28, 2025. 🚀
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. 📉📈