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Nifty 50 Index

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NIFTY trade ideas

Nifty Intraday Support & Resistance Levels for 07.02.2025Thursday’s session saw Nifty opening with a gap-up, touching a high of 23,773.55 in the opening minutes, but failing to sustain. It dropped to a low of 23,556.25 before closing at 23,603.35, losing 93 points over the previous close. The Weekly & Daily Trend (50 SMA) remains sideways. Demand/Support Zones Near Demand/Support Zone (75m): 23,327 - 23,381.60 Near Minor Demand/Support Zone (15m): 23,141 - 23,205.70 Near 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 (5m): 23,686.70 - 23,701.90 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 broke above a key Daily Supply Zone but couldn't sustain, falling from 23,800 to 23,500. The next crucial resistance lies at 24,000 - 24,250. Only a breakout and sustained move above this zone could shift the trend from sideways to bullish.
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by PriteshPalan
Nifty Review & Analysis - DailyPrice Action : Nifty consolidated hitting a high of 23800 taoday and closed in slight negative Technicals: Nifty opened above 23800 and traded below it for whole day in a narrow range and closed at lowest point of day forming a small Bearish candle. A small profit booking was see at 23800 levels (from downward trend line from previous highs) but over all looked strong and stable managing to close above 10.20,50,200 DEMA. The momentum indicators, RSI - Relative Strength Index improved to 56 Support/Resistance Major Support 23500 Immediate Support 23600 Immediate Resistance 23750 Major Resistance 24000 Trend: Overall Trend is Bearish but short term Nifty is bit positive if trades above 22300 Options Data: Highest CE OI was at 24000 ( swa some addition) - Resistance Highest PE OI was at 23500 (saw addition) - Support 23700CE 23800CE saw major addition signaling Shorts added & 23700 is Resistance PCR is 0.9 which indicates not Bearish Futures Data: FII Long/Short ratio improved to 12%/82% Nifty Futures price was in neagative, a slight decrease in price alongside slight decrease in Open Interest (OI) typically indicates small profit booking Outlook for Next Session: Nifty in Strong above 23500 Approch: Maintain Long positions with 23500 SL avoid shorts Wait for today’s High or Low to break and sustaines for further direction My Trades & Positions: still holding Long in Feb Series CE waiting for a big Short covering above 24100
NLong
by Sandeep_CA
NIFTY : TRADING LEVELS AND PLAN – 07-Feb-2025📌 🔹 Previous Close: 23,628.05 🔹 Important Zones to Watch: 🟥 Profit Booking Zone: 24,024 - 24,155 🟥 Last Intraday Resistance: 23,900 🟧 Opening Resistance: 23,747 🟧 No Trade Zone: 23,566 - 23,656 🟩 Last Intraday Support: 23,442 🟢 Support for Sideways Market: 23,346 📈 Scenario 1: Gap-Up Opening (Above 23,750) If NIFTY opens with a gap-up of 100+ points above 23,750, it will enter the Opening Resistance Zone (23,747 - 23,900). 🔹 Bullish Strategy: If NIFTY sustains above 23,900, expect a strong move toward the Profit Booking Zone (24,024 - 24,155). Ideal entry will be on retracement near 23,900 with SL below 23,850. 🔻 Bearish Scenario: If rejection is seen from 23,900 - 24,024, a short trade can be initiated targeting 23,750 - 23,650. Stop loss for short trade above 24,100. 📝 Pro Tip: A direct gap-up into a resistance zone often leads to profit booking. Avoid aggressive longs unless a breakout is confirmed. 📊 Scenario 2: Flat Opening (Between 23,566 - 23,656) A flat opening within the No Trade Zone (23,566 - 23,656) suggests uncertainty. Traders should wait for a clear breakout or breakdown. 🔹 Bullish Plan: A breakout above 23,656 can trigger a long trade targeting 23,747 - 23,900. SL for longs should be below 23,600. 🔻 Bearish Plan: If NIFTY breaks below 23,566, expect a drop toward 23,442. Short trade can be taken with SL above 23,600. 📝 Pro Tip: A flat opening often leads to range-bound price action initially. Avoid taking trades in the first 15-20 minutes unless a clear trend emerges. 📉 Scenario 3: Gap-Down Opening (Below 23,450) If NIFTY opens below 23,450, it enters the Last Intraday Support Zone. Watch for a reversal or further breakdown. 🔹 Buying Opportunity: A bullish reversal from 23,346 - 23,442 can give a long trade opportunity targeting 23,566 - 23,656. Stop loss for longs should be below 23,300. 🔻 Breakdown Plan: If 23,346 breaks, expect further downside toward 23,200-23,150. Short trade can be taken with SL above 23,400. 📝 Pro Tip: A gap-down below key supports often triggers panic selling. But if a quick pullback is seen, it might be a bear trap—wait for confirmation before shorting. ⚠️ Risk Management & Options Trading Tips ✔ Option Buyers: Trade ATM (At-the-Money) options and avoid OTM options when volatility is low. ✔ Option Sellers: If IV (Implied Volatility) is high, selling OTM strikes can be a good strategy. ✔ Always Use Stop Loss: Risk management is key to capital preservation. ✔ Avoid Overtrading: Stick to planned trades and don’t force setups. 📌 Summary & Conclusion 🚀 Bullish above: 23,656 (Target 23,900 - 24,024) 📉 Bearish below: 23,566 (Target 23,442 - 23,346) ⚠️ Key Zones to Watch: No Trade Zone & Profit Booking Area 📊 Expect Volatility: Let the market establish a clear direction before taking trades. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊 #NIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
NLong
by LiveTradingBox
NIFTY 50 KEY LEVEL FOR 07/02/2025//@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. I want to make it clear that I am not a seller, and this method was not taught to me by anyone. The original creator only gave me one clue: 👉 "If you get one level, you get all levels." Everything else—the way I nail the method and applied it—is my own work. I respect the original idea, but my approach is independent. Explanation: This trading system helps you avoid blind trades by providing confirmation for better entries and exits. 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 mins 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.
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by nandupk
Nifty Review & Analysis - Daily Price Action : Nifty saw selling from the opening to close just above 23600 Technicals: Nifty opened flat and saw selling from opening and found support around 23550 levels and managed to close above 23600 levels forming a Bearish Candle . A small profit booking was seen above 23700 levels but over all looked strong and stable Nifty closed below 50 and 200 DEMA but above 10&20 DEMA The momentum indicators, RSI - Relative Strength Index was down to 53 FII Sold Rs. 3550 Cr in cash market Support/Resistance Major Support 23400 Immediate Support 23500 Immediate Resistance 23650 Major Resistance 24000 Trend: Overall Trend is Bearish but short term Nifty is bit positive till it trades above 22300 Options Data: Highest CE OI was at 24000 followed by 23600 - Resistance Highest PE OI was at 23600 followed by 23500 and 23000 - Support 23700CE 23600CE saw major addition signaling Shorts added & 23700 is Resistance PCR is 0.82 which indicates neutral 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 in Strong above 23500 Approch: Maintain Long positions with 23500 SL avoid shorts Wait for today’s High or Low to break and sustaines for further direction My Trades & Positions: still holding Long in Feb Series CE waiting for a big Short covering above 24100
NLong
by Sandeep_CA
Two important Resistances to conquer for Nifty ahead. There are 2 important resistances for Nifty ahead which need to be conquered for the Bull run that started post budget to sustain. These 2 resistances are at 23630 and 23809. Today Nifty made a good comeback from lows of the day which was near 23556 to close at 23603. The resistnace near 23809 acted again as Nifty plummeted from the level of 23773 to fall to 23556. The trend line shown in the chart acted as support for Nifty to come back into the game. There are 3 important events coming up later. RBI Policy where market is expecting a rate cur. Delhi election results and finally Income tax bill to be tabled in the parliament. Market is fearing a little bit and hoping that there is no bad news related to LTCG or STCG etc. in the bill. Nifty supports remain at: 23556, 23498 and 23484 (Mother and Father line of the daily chart). If this line is broken we can see Nifty falling to old support system of 23376 and 23222. Closing below 23222 can bring the Bears back into the game and calling the shots again. Nifty Resistances remain at: 23630 and 23809. If these to resistances are conquered we can a strong up move towards 24K level with resistances at 23991, 24197 and 24344 level. Above 24344 level Bulls will come out of ICU and start taking control of the system. Shadow of the candle right now is absolutely neutral. Tomorrows closing will be very important a closing above 23630 will be good but closing above 23809 will be great. Similarly a closing below 23556 will make the market weak. Nicely balanced right now. 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. 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.
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by Happy_Candles_Investment
NIFTY S/R for 6/2/25Support 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. 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.
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by zenthosh
Nifty tried to consolidate today after the BO yesterday. Nifty did well to consolidate and end above 50 and 200 days EMA today Nifty closed at 23696 and the Mother and Father lines are at 23664 and 23620 respectively. These Two lines will continue to act as support for the coming days and sessions. Nifty faced a very stiff resistance today as expected near 23800. It will not be easy to cross this resistance. This was made clear by us in earlier messages. Exit poll results, followed by RBI rate cut followed by actual Delhi state election results in favour of market expectation can lead to a positive sentiment build up and these levels can be taken down and Nifty can even regain 24K levels in the coming time. Nifty supports remain at: 23664 (Mother line), 23620 (Father Line), 23346 and 23222. Below 23222 weekly closing Nifty will become very bearish. Nifty Resistances remain at: 23809, 23883, 23984 24108 and finally 24197. Above 24197 Weekly closing Nifty will become very bullish. 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. 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.
NLong
by Happy_Candles_Investment
NIFTY 50 KEY LEVEL FOR 06/02/2025**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **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 mins 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.
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by nandupk
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