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Nifty 50 Index

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NIFTY trade ideas

Mother, Father lines and the trend line stopping NiftyEvery effort of Nifty is being stopped by mother line, Father line or the trend line. It shows weakness but the turnaround might be around the corner. The possible turnaround zones can be around 24915, 24684 or 24478. If we get a closing below 24478 bears can take over. Resistances on the upper side are 25045, 25088 and 25230. Above 25230 bulls can take a commanding position. Very delicately placed Nifty with a negative shadow of the candle. But some turn around can be expected within this week or the next when we get support from one of the zones mentioned above.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY 50 KEY LEVELS FOR 17/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **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 : Trading Levels and Plan for 17-Oct-2024Nifty Trading Plan for 17th October 2024 In the previous session, Nifty faced significant resistance near the 25,120 zone, marking the Opening Resistance level, while the downside held near the No Trade Zone around 25,001. This suggests a range-bound movement with potential for either a breakout above 25,137 or a breakdown below 24,881, which acts as strong Buyer’s Support. Heading into 17th October, we must be prepared for multiple opening scenarios based on the price action and gap behavior. Gap-Up Opening (100+ Points): If Nifty opens with a gap-up above the 25,137 resistance zone, avoid chasing the price right at the open. Let the price stabilize and confirm above 25,137. Look for a breakout towards the Profit Booking Zone around 25,236-25,279. Book profits gradually in this zone to avoid sudden pullbacks. If the price fails to hold above 25,137, expect a potential correction back to 25,120 or even the Opening Resistance at 25,087. Avoid aggressive long positions if this pullback occurs. Keep a tight stop-loss below 25,087 for any gap-up longs. Flat Opening: A flat opening near 24,959 or 25,001 should be followed by waiting for the first 30 minutes of market action. A breakout above 25,087-25,120 can be used as an opportunity to take longs targeting 25,137 and eventually 25,236. If the market consolidates near the No Trade Zone, avoid fresh entries until clear direction is established. A breakdown below 24,941 might signal weakness. Place a stop-loss below 24,941 for long positions to limit potential downside risk. Gap-Down Opening (100+ Points): If Nifty opens with a gap-down near Buyer’s Support at 24,881, wait for a bullish confirmation before entering long trades. A recovery from this zone could push the price back towards 24,984 and 25,001. A breakdown below 24,850 could extend the downside towards the Must-Try Zone (Buyer’s Last Important Support) at 24,747. Avoid catching falling knives in this scenario. If Nifty shows strength near 24,881, look for buying opportunities with a tight stop-loss just below 24,850. Book profits on any recovery towards the No Trade Zone and stay cautious of potential reversals. Risk Management Tips for Options Trading: Consider using options spreads like bull call spreads or iron condors to limit risk, especially in volatile conditions. Avoid taking large option positions around the No Trade Zone to mitigate the impact of time decay. Place defined stop-losses based on levels like 25,137 for long calls or 24,850 for long puts, to minimize risk in case the market reverses. When trading options in high volatility, aim to book profits early near key resistance/support levels like 25,137 or 24,881. Summary & Conclusion: Nifty remains in a delicate zone, and the key levels to watch on 17th October are 25,137 on the upside and 24,881 on the downside. The market’s ability to break and sustain beyond these levels will determine the direction. Avoid taking trades within the No Trade Zone (24,941-25,001) without clear confirmation. Proper risk management is essential, especially when trading options in such an environment. Stick to predefined stop-loss levels and avoid over-leveraging. Disclaimer: I am not a SEBI registered analyst. This plan is based on my personal analysis using technical parameters. Traders should conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY50.....Waves c of b of iv up next?Hello Traders, the NIFTY50 is moving sideways from 25234 to 24908 in sum! It shows the pattern of a bull-flag, what often turns into a move to the upside. So to say, a "continuation pattern". If so to come, the next move is to the upside, as I wrote before. Switch to the 1-hour chart also confirms the "3-down". Again; if so to come, one possible price range for such a move ranges from 25466 to 25500 area. Here, a wave c of b of iv should end. A straight decline to new lows below the possible wave a of iv move, should open the door to 23893 area, where a wave 4 of lower degree has been established! So friends, that's it for a quick note today. Have a great week..... Ruebennase Please ask or comment if necessary. Trading based on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
NIFTY S/R for 17/10/24Support 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
View on Nifty - October 17th, 2024Market structure: 1. Market is currently in a downtrend as you can see the fall in the left side. 2. Big red bars on the screen are evident. 3. Price is below all Moving Averages Price action: After lower lows, now we are seeing a consolidation. This can be either distribution or accumulation. As a directional trader, I would like to favor the direction by saying it is distribution but market is supreme. I will decide the action based on actions. Possibilities: 1. Breakout above 25200 - A short covering. View change from bearish to upside. 2. Breakdown below 24950 - A directional short.
NSE:NIFTY
by NandanChaturvediTrade
NIFTY : Trading Levels and Plan for 16-Oct-2024Nifty Trading Plan for 16th October 2024 In the previous session, Nifty showed significant volatility, with a sharp fall with First tick of higher opening followed by a minor recovery, leading to a sideways consolidation near the 25,050 zone. The market seems to be struggling near the No Trade Zone around 25,066, indicating indecision. Key levels such as the 25,259 resistance and 24,866 support will play a vital role in determining the market's direction. As we head into 16th October, it’s crucial to prepare for different scenarios based on market opening. Gap-Up Opening (100+ Points): If Nifty opens with a gap-up above the resistance level of 25,259, wait for a price action confirmation. A sustained move above 25,314 can trigger a rally towards the Profit Booking Zone around 25,469. Look for opportunities to book partial profits in this zone. If Nifty struggles to sustain above 25,314, expect a sideways move back towards 25,259. Avoid aggressive buying and wait for a clear breakout above 25,314. Place stop-loss orders below 25,166 to minimize risk in case of a reversal. Flat Opening: In case of a flat opening near 25,065-25,077, let the market settle for the first 30 minutes. Look for a breakout above 25,166 for a potential upside move towards 25,259 and 25,314 levels. If the market fails to sustain above 25,166, expect a sideways move. In this case, avoid taking fresh long positions. Keep a close watch on the support zone of 25,065-25,077 for a possible bounce. Stop-loss for any long position should be placed just below 25,077 to safeguard against sharp downside moves. Gap-Down Opening (100+ Points): If Nifty opens with a gap-down near the Buyer’s Support Zone around 24,866-24,810, wait for bullish confirmation before initiating any long trades. A break below 24,866 might trigger further downside towards 24,629. Avoid trying to catch falling knives in such a scenario. If Nifty manages to bounce from the support zone at 24,866, expect a potential pullback towards the No Trade Zone of 25,077. Consider keeping a tight stop-loss below 24,810 in case of any failed attempts at recovery. Risk Management Tips for Options Trading: Stick to defined stop-loss levels based on technical zones, such as 25,166 for longs and 24,866 for potential reversals. Use options strategies like spreads or iron condors to limit your risk, especially in a volatile environment. Avoid taking large option positions in the No Trade Zone to prevent time decay from eroding your profits. Consider booking profits in the Profit Booking Zone (25,314-25,469) when trading directional options to lock in gains. Summary & Conclusion: Nifty is currently in a delicate zone with potential for both upside and downside moves. A gap-up above 25,259 could provide an opportunity for further gains towards 25,314, while a gap-down might lead to a retest of critical support levels around 24,866. Risk management is key, especially when dealing with options in a volatile market. Let the market show its hand before committing to trades, and be prepared for quick reversals, especially in the No Trade Zone. Disclaimer: I am not a SEBI registered analyst. This plan is based on my personal analysis using technical parameters. Traders should conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTYShort
by LiveTradingBox
NIFTY S/R for 16/10/24Support 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 : Trading Levels and Strategies for 15-Oct-2024Nifty 50 Trading Plan for 15-Oct-2024 Previous Day's Chart Pattern Recap On 14th October, Nifty 50 showed a slight upward bias, holding above the "No Trade Zone" at 25,166 and attempting to break into the resistance zone. However, the index still faces significant resistance around 25,259 and 25,314. The price action suggests potential for a further up-move if these resistances are cleared. However, failure to do so may lead to consolidation or even a downside correction, especially if the index fails to sustain above 25,166. Opening Scenarios Gap Up Opening (+100 points or more): If Nifty opens above 25,259, it will immediately face resistance at 25,314 and the "Profit Booking Zone" near 25,416 - 25,469. A gap-up could see profit booking around these levels, leading to a pullback towards 25,259. Trade Setup: - Buy above 25,259 with a stop loss below 25,166. - Targets: 25,314, 25,416, and 25,469. - Look for reversal signs near 25,416 if the price fails to sustain above this level. Flat Opening: A flat opening near 25,142 suggests potential consolidation around the "No Trade Zone." Traders should wait for a clear break above 25,166 for an upside move or below 25,077 for downside action. Trade Setup: - Buy above 25,166 with targets of 25,259 and 25,314. - Short below 25,077 targeting 24,866 and 24,810. - It’s essential to observe the first 30 minutes of trading to gauge momentum and direction before entering a position. Gap Down Opening (-100 points or more): A gap down below 25,077 would push Nifty towards the "Buyer's Support for Trend Reversal" zone near 24,866. Failure to hold this level could lead to further downside towards 24,810, and a reversal here might offer a good long entry. Trade Setup: - Buy near 24,866 with targets of 25,077 and 25,166. - Short below 24,866 with targets of 24,810 and 24,760. - Be cautious in gap-down scenarios as volatility can spike and quick reversals are possible. Risk Management Tips for Options Traders: - In case of a gap-up or gap-down, avoid buying options at inflated premiums right at the open. Wait for a pullback or some consolidation before entering. - Use spreads like bull call or bear put spreads to reduce risk while capturing the directional move. - Keep a strict stop loss when trading options, as time decay can eat into profits, especially if the move takes longer than expected. Summary and Conclusion: Nifty 50 is currently facing strong resistance at 25,259, with the key levels to watch being 25,166 on the upside and 25,077 on the downside. Depending on the opening scenario, traders should be prepared for a breakout above 25,259 or a breakdown below 25,077, with key levels identified for targets. Risk management is crucial in options trading, particularly in gap-up and gap-down scenarios where volatility may spike. Disclaimer: I am not a SEBI registered analyst. All trading ideas shared are for educational purposes only. Please do your own research or consult a financial advisor before executing any trades.
NSE:NIFTYLong
by LiveTradingBox