NIFTY trade ideas
Nifty --Consolidation or Bullish??Nifty is near to its demand zone @22500 levels
But lot of liquidity lies above 24300 and near 22500 levels,
Previously price changed its direction from this place at 22800.
Case1: Consolidation
If price consolidation happens at these levels after a liquidity grab price turns its direction from bearish to bullish.
A strong fall witness an exhaustion of shorts near to demand zone.
If we observe consolidation price turns to be bullish from this levels after liquidity.
Case2: Bullish --No Liquidity below 22800 --Fall again from 24300.
If price unable to break this level of support at 22800 and grabs the liquidity near 24000 levels,
Price fall again to take the liquidity below 22800 levels,to test the mid level of support at 22500.
Look for buying opportunities in Nifty.
ShortIn my previous article on January 27th, I mentioned that we could either see a drop from the current levels or experience a rally around the 24,000 mark followed by a decline. Be prepared for a potential drop towards the 21,900 level as the first target, with further downside possible.
Make sure to invest wisely.
NIFTY ......GPS route markedPlease read the graph...I have given a rough map of nifty and what to expect as per neo waves..we are in the 4th down..and a last fast 5th wave will move up...Also mentioned for algo traders ,the weightage to be given for PE or CE depending on which wave we are in...Kindly read the text in the graph to get a better picture...in a uptrend increase CE buy ...In a sideways market buy a PE and selling stratergies..
NIFTY 11th February 2025
Currently, the price is hovering around 23,376.05, meaning it's near a minor resistance. If it breaks above 23,440, it could test 23,514 - 23,544. On the downside, breaking 23,274 may lead to further declines toward 23,194.
Support Levels (Green Zones)
23,274.80 – First minor support.
23,194.90 - 23,185.10 – Another key support level.
23,106.25 - 23,057.60 – Strong support zone.
Resistance Levels (Red Zones)
23,440.05 - 23,466.40 – Immediate resistance.
23,520 - 23,544.50 – Strong resistance level.
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#NIFTY Intraday Support and Resistance Levels - 11/02/2025Today will be gap up opening expected in nifty near 23400 level. After opening if nifty sustain above 23350 level then possible upside rally upto 23500 level. 23500 will act as an immediate resistance for today's session. Expected downside from this level. Major downside expected in nifty below 23300 level.
Nifty tomorrow Analysis 11-Feb-2025Hello, guys as you can see most important levels all ready breakout as per the options chain analysis market tomorrow will go down site but there one support also so just wait whatch the market after breakout support you can short if market not break the level fined out buy single all the best.
NIFTY seems to be retesting its BREAKOUT structure !As we can see despite the favourable result of winning the centre by ruling party, NIFTY failed to show its strength and fell unidirectionally as analysed in our previous post that if manages to remain below the trendline, we should be cautious. Now NIFTY can be seen re-testing the breakout structure and hence possible bullishness can be witnessed which could be short term unless it break sways the structure for change of characteristic and structure of overall market so plan your trades accordingly and keep watching.
Nifty Projection For This Week 10.02.2025 Time 21.191. The **NIFTY 50** is a benchmark stock market index of the **National Stock Exchange (NSE) of India**.
2. It represents the **top 50 companies** across various sectors, based on market capitalization and liquidity.
3. The index was launched in **1996** and is managed by **NSE Indices Limited**.
4. NIFTY 50 covers **13 sectors**, including IT, finance, energy, FMCG, and pharmaceuticals.
5. Major companies in NIFTY 50 include **Reliance Industries, TCS, HDFC Bank, Infosys, and ICICI Bank**.
6. It serves as a key indicator of **market performance and investor sentiment** in India.
7. NIFTY is a **free-float market capitalization-weighted index**, meaning larger companies have more influence.
8. The index is **rebalanced semi-annually** to ensure it reflects the latest market trends.
9. Investors use NIFTY 50 for **benchmarking mutual funds, ETFs, and derivative trading**.
10. NIFTY movements are influenced by **global markets, economic policies, corporate earnings, and FII flows**.
Nifty Review & Analysis - DailyPrice Action :
Nifty saw selling from the opening to close below 23400 but managed to bounce from 23300 levels.
Technicals:
Nifty opened below previous day’s close and saw continued selling to find support/buying around 23300 levels and saw slight pull back above 23350 levels forming a Bearish candle closing below 10,20,50,200 DEMA.
The momentum indicators, RSI - Relative Strength Index was down to 47
Support/Resistance
Major Support 23300
Immediate Support 23150
Immediate Resistance 23450
Major Resistance 24600
Trend:
Overall Trend is Bearish
Options Data:
Highest CE OI was at 23700, 23600 followed by 23600 - Resistance
Highest PE OI was at 23000 followed by 23100 - Support
23700CE 23600CE and 23500CE saw major addition signaling Shorts added
23200Pe saw unwinding indicating weakness and 23000pe saw addition indicating support
PCR is 0.6 which indicates Bearishness
Futures Data:
FII Long/Short ratio improved to 16.5%/83.5%
FII exited 4K Longs in Future at 38K and Shorts intact at 1.9L contracts
Nifty Futures price was in negative, a slight decrease in price alongside slight increase in Open Interest (OI) typically indicates slight Bearishness
Outlook for Next Session:
Nifty is weak below 23300
Approch:
Waiting for move up or down
Wait for today’s High or Low to break and sustaines for further direction
My Trades & Positions:
No Positions
Nifty Intraday Support & Resistance Levels for 11.02.2025Monday’s session saw Nifty opening negative, making an initial high of 23,568.60, but gradually sliding down into the 75-minute Demand Zone (23,327 - 23,381.60). It touched a day low of 23,316.30 before closing at 23,381.60, marking a 178-point loss from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, indicating indecisiveness in the market.
Demand/Support Zones
Near Minor Demand/Support Zone (15m): 23,141 - 23,205.70
Far Demand/Support Zone (30m): 22,786.90 - 22,843.30
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 (Tested)
Far Support Level: 21,281.45 (Low of 4th June 2024)
Far Demand/Support Zone (Daily): 20,769.50 - 20,950
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 23,557.80 - 23,591.25
Far Supply/Resistance Zone (15m): 23,644.10 - 23,694.50
Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45
Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15
Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30
Outlook
Nifty is struggling to hold key support levels, with the 23,300 zone acting as a crucial demand area. If this level fails, we could see a deeper correction towards 23,100 - 23,000. On the upside, 23,600 - 23,700 remains a strong resistance zone. A sustained move above 23,700 may indicate bullish momentum, while a break below 23,300 could trigger further downside.
#NIFTY Intraday Support and Resistance Levels - 10/02/2025Flat opening expected in nifty. After opening if nifty starts trading and sustain above 23600 level then expected upside rally upto 23800+ level in opening session. Major downside rally expected below 23550 level. This downside can goes upto the 23400 level.
NIFTY ready for 24000 now..?As we can see NIFTY has taken support around 23500 levels after getting rejected at the trendline and based on the election results, we can expect NIFTY to open very strong and hence will open above the trendline which will also break the structure hence if it sustains and doesn’t closed below the trendline then we may see quick 24000 in NIFTY else NIFTY will get in very serious zone so plan your trades accordingly and keep watching.