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NIFTY trade ideas

Fibonacci sequence drawn on recent peak/bottom shows upsideThe Fibonacci sequence when drawn on recent peak and valley is showing a decent upside still if a major trend line resistance near 24967 is crossed and we get a closing above it. In such a scenario the peak of the current up trend seems to be near 25593. We have got a decent closing above an important fibonacci level of 24707. This becomes an important support now. Below 24707 the significant support levels are 24091, 23931, 23757 (50 days EMA, Mother line)(Read my book The Happy Candles Way available on Amazon to understand more about the Mother father and the small child concept/story.) If we get a closing below 23757, 23400 and 22814 are major support before we hit 200 day EMA or father line at 22088(Below which Bears will be in full power but we are far away from that zone as of now).
NSE:NIFTYLong
by Happy_Candles_Investment
#Nifty Expectations for 29th July.This 45 Min TF of Nifty. My view is simple, If Nifty breaking highs of Previous days High then sky is the LIMIT just gonna buy on every dip and gonna Trail my stoploss. If Nifty breaking 24780 down side then i will be searching for the positional selling for the entire week as nifty is already at all time high so it can be very low risk and high reward trade. Nifty is More stronger then banknifty because Nifty at all time high whereas banknifty is down by 4% from ATH. ALL THE BEST FOR TOMORROW.
NSE:NIFTY
by lkatere8
NIFTY : Trading levels and Plan for 29-Jul-2024The NIFTY index displayed a significant bullish movement on the previous trading day, closing at 24,851.75. The index showcased a strong uptrend with a steep rise, breaking past multiple resistance levels. Key levels to watch include 24,932.00 as a possible rejection zone and 24,724.00 as opening support. For the upcoming session, the trading plan will focus on various opening scenarios and their implications. **Trading Plan for 29-Jul-2024** Opening Scenarios: Gap Up (100+ points): - If NIFTY opens above 24,932.00, look for profit booking around 25,044.00. - Monitor price action around 25,229.00 as this could be a zone for significant profit booking at new highs. - A strong opening above these levels indicates bullish momentum; consider entering long positions if the price sustains above 24,932.00 with a target of 25,229.00. - Set a stop loss at 24,850.00 to manage downside risk. Flat Opening: - If NIFTY opens flat around 24,851.75, look for initial support at 24,724.00. - A bounce from this level could indicate buying interest; consider entering long positions if the price moves above 24,850.00 with a target of 24,932.00 and 25,044.00. - If the price fails to hold 24,724.00, it may retrace towards 24,608.00. Consider short positions if this level breaks with a target of 24,500.00. - Maintain a stop loss at 24,850.00 for long positions and at 24,700.00 for short positions. Gap Down (100+ points): - If NIFTY opens below 24,724.00, look for initial support around 24,608.00. - A bounce from this level could indicate buying interest; consider entering long positions if the price moves above 24,724.00 with a target of 24,850.00. - If the price continues to fall, breaking below 24,608.00, it may signal further downside; consider short positions with a target of 24,500.00. - Maintain a stop loss at 24,724.00 for long positions and at 24,650.00 for short positions. **Risk Management Tips for Options Trading:** - Position Sizing: Avoid over-leveraging; only risk a small percentage of your trading capital on any single trade. - Stop Loss Orders: Always use stop loss orders to protect your capital from unexpected market movements. - Diversification: Diversify your trades across different options to mitigate risk. - Volatility Consideration: Be mindful of market volatility and adjust your strategies accordingly. High volatility can lead to larger price swings. **Summary and Conclusion** For the upcoming session on 29-Jul-2024, it's crucial to monitor the opening scenario of NIFTY closely. Each scenario (Gap Up, Flat, and Gap Down) has specific levels to watch and trade accordingly. Use proper risk management techniques to safeguard your investments, especially when trading options. The market can be unpredictable, so it’s essential to be prepared for various outcomes. Disclaimer: I am not a SEBI registered analyst. The views expressed here are for educational purposes only and should not be considered as investment advice. Always conduct your own research or consult with a certified financial advisor before making any investment decisions. --- This detailed trading plan provides a structured approach to navigate the NIFTY 50 index for 29-Jul-2024, ensuring preparedness for different market openings and maintaining a focus on risk management.
NSE:NIFTYLong
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 24860 SL - 24780 TARGETS - 24930,25000,25080 SELL BELOW - 24780 SL - 24930 TARGETS - 24930,25000,25080 NO TRADE ZONE - 24780 to 24860 Previous Day High - 24860 Previous Day Low - 24440 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
4
Nifty 50: A Look Ahead into AugustThe Resilient Performance of Nifty 50: Riding the Volatility with confidence The Indian equity market, represented by the Nifty 50, has shown resilience despite global economic uncertainties. As we enter August, the index is set for a period of consolidation. Will it break down, or continue to make new highs? Let's explore the factors shaping its future. Domestic Factors Shaping the Market Monsoon Progress: The timely and widespread distribution of rainfall is crucial for agricultural output and rural consumption, which support domestic demand. A favorable monsoon is expected to boost economic growth and investor sentiment. Inflation Trajectory: While inflation has shown signs of moderation, persistent inflationary pressures could impact consumer spending and corporate profit margins. The Reserve Bank of India's (RBI) monetary policy stance will be a key determinant of interest rates, influencing borrowing costs for businesses and individuals. Corporate Earnings: The quarterly earnings season has provided insights into the profitability of Indian companies. Strong earnings growth drives market optimism, while disappointing results lead to profit-booking in some sectors. Government Spending: Government expenditure on infrastructure and social welfare programs will stimulate economic activity. The market is expected to have overcome the impact of Capital Gain Taxes and not so popular budget. Global Headwinds Geopolitical Tensions: Ongoing geopolitical conflicts and trade disputes pose risks to global economic growth and financial markets. Escalation of tensions could increase volatility in the Nifty 50. Interest Rate Environment: The Federal Reserve's monetary policy decisions will continue to influence global liquidity conditions and the rupee's exchange rate. A more hawkish stance by the Fed could pressure emerging markets, including India. Commodity Prices: The prices of crude oil and other commodities significantly impact India's import bill and inflation. Fluctuations in commodity prices can affect corporate profitability and investor sentiment. General Outlook- Considering these factors, the Nifty 50 is expected to exhibit range-bound behavior in August. While the underlying economic fundamentals support a long-term bullish outlook, short-term volatility cannot be ruled out. Technical Outlook- On the higher time frame, Nifty 50 is showing three distinct chart patterns. Initially, a Double Top pattern is forming; if this pattern breaks down, it could lead Nifty 50 to levels around 23,600. Concurrently, a Rectangle pattern is also present. A breakout to the upside from this Rectangle could propel Nifty 50 to approximately 25,600, whereas a breakdown could pull it down to around 23,600. Additionally, the market is displaying a Rising Wedge pattern, characterized by higher highs. A breakdown from this Rising Wedge could similarly drag Nifty 50 down to approximately 23,600 initially. Disclosure: I am not a SEBI registered analyst. The information shared here is solely for educational purposes and should not be interpreted as a financial advice. Always consult with a qualified financial advisor before making any investment related decisions. The publisher does not endorse or support social media shares of the published content on any platform.
NSE:NIFTY
by shvishal
Buy Nifty 50 at 24,288.85 Using SMCI recommend entering the NSE:NIFTY Nifty 50 index at 24,288.85. This recommendation is based on the Smart Money Concept (SMC), which identifies a "Demand Zone" at this price level. Key Points: Demand Zone: The price level of 24,288.85 has been identified as a demand zone, indicating strong buying interest from institutional investors. This zone is expected to provide support and potentially drive prices higher. Stop Loss: Set your stop loss (SL) at 23,997.60. This level has been chosen to minimize potential losses if the market moves against the trade. Take Profit: The take profit (TP) level is not set at the moment and will be determined later based on market conditions and further analysis. Explanation: Smart Money Concept (SMC): SMC is a trading strategy that focuses on understanding and following the actions of institutional investors, who have significant influence on the market. By identifying areas where these large players are likely to buy (demand zones) or sell (supply zones), traders can align their positions with the "smart money" to improve their chances of success. Demand Zone: A demand zone is an area on the chart where there has been a high level of buying interest, causing prices to rise from that level in the past. When the price returns to this zone, it is likely to encounter buying pressure again, providing a potential entry point for traders. Conclusion: Entering the Nifty 50 at 24,288.85, based on the SMC and the identified demand zone, presents a strategic investment opportunity. By setting a stop loss at 23,997.60, we aim to manage risk effectively. The take profit level will be determined later, based on ongoing market analysis and conditions. As always, it's essential to monitor the market closely and adjust your strategy as necessary. Trading involves risks, and it's crucial to stay informed and make decisions based on thorough analysis. Like, follow me for more such content, and share to increase your friends' knowledge.
NSE:NIFTYLong
by smarttrader012
2
NIFTY S/R for 29/7/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:NIFTY
by zenthosh
#nifty50 analysis for upcoming week 29th July-2nd Aug 2024Nifty roars to new heights, scaling a weekly peak of 24,830, a sizzling 300 points above the prior week's close. This bullish run, marked by a high of 24,861 and a low of 24,074, was anticipated by many. As predicted, the Union Budget unleashed a wave of volatility, with the Nifty diving 2% initially due to increased LTCG, STCG, and the removal of indexation benefits. Yet, the index swiftly recovered, mirroring the market's resilience. This volatility created golden opportunities for savvy investors. Stocks like IRFC and IRB plunged by 20-30% on budget day, only to rebound sharply, indicating a rush to capitalize on these dips. Nifty has been tightly confined between 25,000 and 23,950, a range it's respected diligently. For the upcoming week, I expect a trading band of 25,400 to 24,300. A breakout from either end promises exciting fireworks. While the daily chart shows some weakness, the weekly and monthly trends remain robust. A decisive close above 24,900 next week could ignite a rally towards 26,300. However, the looming RBI policy announcement on August 8th casts a shadow, potentially triggering another round of selling. Until then, the bullish undercurrent is likely to persist.
NSE:NIFTY
by ssudhirsharma11
NIFTY Pre - Budget Surge : Caution Ahead...!Hello Traders, I hope you are all thriving both in your trading endeavors and in life. Today, I bring you an exciting opportunity with a new analysis of NIFTY that's poised for a significant move. Our in-depth analysis reveals that... NSE:NIFTY As anticipated and previously mentioned, the past week ended on a negative note (pre-Budget). This week holds the potential for new highs. However, caution is advised, as this will likely be the final move in the sequence that began on October 23, 2023. It is prudent to brace for an impending correction. Here are the technical details: I. Resistance I: 24,854.80 ~ 24,910 (conj. Extended trend line from March 20, 2023) II. Resistance II: 25,120 (Extended trend line from June 1, 2022) III. Resistance III: 25,460 (Extended trend line from January 24,2024). ***Please note that these values are not actual but indicative levels of support and resistance. A Gann ideology is that , the move from October 26, 2023 is also facing a time resistance of 270 days (90*3) which is an important number not to consider it lightly. Furthermore, for the move from March 20, 2023 it is 490 days (360+90+45 or 135) which is also an additional reason factored in to be more cautious! Following this, the market is expected to take a breather, with profit booking potentially dragging the markets to deeper levels before any new uptrend is initiated (The correction in monthly scale can be anticipated). Further details will be discussed as the market evolves. Strategy: Being bullish at this juncture seems prudent, only till R II (for conservative / Defensive) & RIII (for Pro-active / Enterprising). Disclaimer: Before we conclude, I want to remind everyone that the insights shared here are based on my own analysis. It's crucial that you perform your own research and, if necessary, consult with a financial advisor before making any trading decisions. The financial markets are dynamic, and it's important to ensure that your strategies align with your personal financial goals and risk tolerance. =========================================================== Dear Traders, If you appreciate my work, please don’t forget to like and follow me. I would also love to hear your thoughts on this idea in the comments section and will be delighted to respond to each one. Thank you for reading the article. HAPPY TRADING
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY INTRADAY LEVELS FOR 26TH JULY 2024BUY ABOVE - 24440 SL - 24360 TARGETS - 24530,24530,24590 SELL BELOW - 24360 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24360 to 24440 Previous Day High - 24440 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
The Stars dont lie?That was well managed by the Expiry team. Made to believe close. It was ditto in June too, however, March April and May were larger moves on expiry day also. Now was that an opportunity to sell yesterday considering that the up move was false or was it confirmation that the downside is all but over. Frankly we are 200 points either side to conclude, or we are one day away from getting more clues. 1. Daily dark cloud and channel break clearly calling for move towards the 24000 2. Weekly if we close another 100-150 points can print evening star 3. Bi-Weekly it gets to the dark cloud pattern 4. Tri-weekly opens up potential evening star pattern 5. Monthly another four working days, potential shooting star? Money saved is money made. Remain on the short side below 24630 for 23950 extensions towards 23750-23500
NSE:NIFTY
by sreebhashyam
Positive from today: RSI getting stronger, Trendline crossed.Support and resistances for Nifty almost remain the same after action today but the positives are that RSI is getting stronger, Trendline resistance is crossed and an additional support at 24210 is gained. The obstacle still remains at Mother Line that is 50 hours EMA currently at 24455. For Nity to be bullish we need a closing first above 24455 and then above 24525. Supports For Nifty: 24307, 24210 and zone between 24094 and 24074 is very strong support zone as it includes Father line (200 Hours EMA.) Resistances for Nifty: 24455 (50 hours EMA or Mother Line), 24525, 24584, 24686 and finally 24842. Note:- To know more about Father mother and the small child story and it's connection to 50 and 200 EMA read The Happy Candles Way to Wealth creation available on Amazon. 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.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY - Trading levels and Plan for 26-Jul-2024The Nifty 50 index exhibited a mixed trading session, with a decline initially followed by a recovery attempt. Key levels from the previous session include the Buyers Support around 24,255 and the Profit Booking Zone for Retracement around 24,664. The Resistance/Sideways at BOS Zone and the Opening Support levels are significant for the next session. **Trading Plan for 26-Jul-2024:** **Gap Up Opening (100+ points above previous close):** If the market opens above 24,515 (Gap up by 100+ points), look for a retest of the Resistance/Sideways at BOS Zone around 24,483-24,520. If the index holds this zone, initiate long positions with a target towards the Profit Booking Zone at 24,628-24,664. Place a stop loss just below the 24,483 level to manage risk. If the index fails to hold the Resistance/Sideways at BOS Zone and moves downwards, wait for a confirmation below 24,483 before considering short positions targeting the Buyers Support at 24,319-24,255. **Flat Opening (near previous close):** If the market opens flat around 24,415, observe the initial movement towards the Opening Support zone at 24,396-24,415. A sustained move above 24,415 will provide an opportunity for long trades targeting 24,520-24,628. If the index struggles to break 24,396, consider short positions with targets towards 24,319-24,255. **Gap Down Opening (100+ points below previous close):** In case of a gap down opening around 24,255 or below, focus on the Buyers Support level. If the index holds 24,255-24,319, look for potential buying opportunities with targets towards the Opening Support zone at 24,396-24,415. Place a stop loss below 24,255 to limit downside risk. If the market breaches the Buyers Support at 24,255, it may indicate further weakness, prompting short positions targeting the next support levels around 24,155. **Risk Management Tips for Options Trading:** - Always use stop losses to protect your capital and limit potential losses. - Avoid over-leveraging and maintain a balanced portfolio. - Be cautious of volatility, especially around key support and resistance levels. - Keep track of news and events that may impact market sentiment and price movements. - Use options strategies like spreads to hedge and manage risk effectively. **Summary and Conclusion:** The trading plan for 26-Jul-2024 focuses on key levels derived from the previous trading session. Depending on the opening scenario (Gap Up, Flat, or Gap Down), traders should carefully monitor the support and resistance zones to make informed trading decisions. Proper risk management techniques, especially in options trading, are crucial to ensure sustainable trading practices. **Disclaimer:** I am not a SEBI registered analyst. This trading plan is for educational purposes only and should not be construed as financial advice. Always do your own research and consult with a professional financial advisor before making any trading decisions. Good luck and happy trading!
NSE:NIFTYLong
by LiveTradingBox
Daily market analysis tomorrow 26th JulyDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterest
NSE:NIFTYShort
by littlesubham
The Fall Facts!It was never, it is ok, it is small, it is an opportunity, it will bounce back! When regulators are worried, they throw the sample and research time and again to show the speculation in underlying. Mutual funds indirectly tell but cannot refuse your money. If you cannot digest you only vomit, it is part of the natural re-building process, are we in for one such times. Global moves are tanking in the metal space, surprisingly even the precious metals. SEBI report on the intra-day trading throws interesting patterns, the majority lose money, the old and women are better half. The average loses have come down, purely because last two years is buyers' market and these intra-days usually buy first and sell next. Some so called BTST. Suffice to see these extending to the Tier III more than anywhere else, and more so the average ticket size number of investors and their trades increasing, clearly there is some where something is promised or expected a overnight riches story. There is nothing much to write, the markets are writ large, budget is still fumed, though one can say as many as 86 amendments are made simplified, focus on jobs growth etc., but that market would consider some other day than now. Continue the shorts, the numerical 1 2 3 are the targets. The channel the smallest one is already broken, the regression channel midline is one target, while the horizontal green line is the 38.2% of the retracement from the post exit poll low. The second horizontal line is the 50% retracement and that is the ideal target to look for.
NSE:NIFTYShort
by sreebhashyam
1