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NIFTY trade ideas

After making new ATH is it the time for consolidation?Three things can happen from here which usually happen when a new milestone is hit. Either Nifty can consolidate for a while, Either it can test supports till it find it's feet or it can fly ahead further. We should be prepared for either of the three happening. The best way for doing it is look forward to get new highs with feet on the ground. Feet on the ground will be having stop losses and trailing stop losses for your trade in place. Support level for Nifty are at 25863, 25668, Mother line (50 hours EMA) support of 25639, 25528, 25336 or even 200 hours EMA which is at 25170. The support zone between 25668 and 25639 is pretty strong. Resistances on the upper side are 26011 and 26114. Shadow of the candle is neutral to positive.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading Plan and Levels for 25-Sep-2024Intro for Previous Day's Chart Pattern : On 24th September 2024, Nifty saw a consolidation near the critical levels, testing both support and resistance zones. The market traded within a defined range, showing indecision as prices approached the important resistance level at 26,040-26,120. On the lower side, there was significant support observed at 25,830, which held the trend reversal in check. The key takeaway from this session is the cautious optimism among traders as the market prepares for potential breakout or breakdown scenarios. Trading Plan for 25th September 2024 : For 25th September 2024, we will plan for three different opening scenarios, keeping a 100+ point gap in mind. The price action will likely react to the support and resistance zones marked in the chart. Here's how you can approach the day: Gap Up Opening (100+ points): If Nifty opens with a gap up above 26,026 and sustains near 26,040, watch for price action around the key resistance at 26,120. - If the market shows strength and breaks above 26,120, you can look for long entries with a target of 26,200. Use a tight stop loss below 26,040 to manage risk. - However, if Nifty fails to sustain above 26,040 and shows signs of weakness, consider initiating short positions with a target of 25,950, keeping a stop loss above 26,120. Flat Opening: A flat opening near 25,950 would indicate a neutral start. Monitor the price action around the opening support zone of 25,892-25,876. - If Nifty holds above this level and shows buying interest, you can enter long positions with an initial target of 26,040 and a stop loss below 25,876. - Conversely, if the price breaks down below 25,876, expect further weakness towards 25,830. You can take short positions targeting 25,810 with a stop loss above 25,950. Gap Down Opening (100+ points): If Nifty opens with a gap down near 25,830 or lower, the focus shifts to the important support level at 25,810 for trend reversal. - If this support holds, you may enter long positions for a recovery towards 25,892-25,950, with a stop loss below 25,810. - If the price breaks 25,810 decisively, look for further downside momentum. In such a case, initiate shorts with a target of 25,680 and a stop loss at 25,830. Risk Management Tips for Options Trading: - Avoid taking positions immediately after the market opens; let the first 15-30 minutes settle to observe the true market direction. - For options traders, consider hedging your positions using vertical spreads to reduce risk exposure during volatile swings. - Maintain a risk/reward ratio of at least 1:2 for every trade and always place stop losses based on the close of the hourly candle. Summary and Conclusion: Nifty is trading near crucial levels, and 25th September could provide a clearer direction. Keep an eye on the key support at 25,810 for trend reversals and the resistance at 26,120 for possible breakouts. Approach the market with caution, especially in gap-up or gap-down scenarios. Adjust your strategy based on the opening and wait for confirmation before making trades. Disclaimer: I am not a SEBI-registered analyst. All ideas are based on personal analysis and are for educational purposes. Please consult your financial advisor or conduct your research before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 25/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25910 SL - 25980 TARGETS - 25860,25790,25700 NO TRADE ZONE - 25910 to 25980 Previous Day High - 25980 Previous Day Low - 25910 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
NIFTY 50 Key Levels for 25/09/2024**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLUE 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 BLUE line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLUE 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 S/R for 25/9/24Support 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: 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 starting to enter the over heated zone. Nifty starting to enter the overheated zone. May not be overbought as of now but certainly it is close to that. Right from here or after going a little higher, Nifty can take a plunge in search of the immediate support or bottom. For now, the resistances for Nifty are at Today's high of 25956. Post That Nifty can face resistances at 26071, 26204 and 26432. Supports for Nifty remain at 25853, 25611, 25343 and 25106 final support for Nifty will be at 24808.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 24/09/2024BUY ABOVE - 25950 SL - 25860 TARGETS - 26060,26160,26250 SELL BELOW - 25860 SL - 25950 TARGETS - 25790,25700,25610 NO TRADE ZONE - 25860 to 25950 Previous Day High - 25950 Previous Day Low - 25860 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
2
NIFTY : Levels and Plan for 24-Sep-2024On 23-Sep-2024, Nifty 50 showed strong upward momentum, with a steady climb toward the resistance zone at 26,020.00. The index faced selling pressure near this resistance, suggesting potential profit booking. However, the support levels around 25,884.00 held firm, indicating buyers are still active in the market. The session showcased a bullish bias with clear support and resistance zones. For 24-Sep-2024, a focused approach on the opening scenario will help us define the trading plan. Trading Plan for 24-Sep-2024: Gap-Up Opening (+100 points): If Nifty opens above 26,020.00, it will be testing the next resistance levels at 26,107.00 and 26,147.00. Watch for profit booking near these zones. - If it fails to hold above 26,020, a short opportunity may arise targeting 25,884 (Opening Support). - In case it sustains above 26,020, a breakout trade toward 26,147 can be considered. Ensure confirmation of price sustaining for at least an hour before taking any long positions. Flat Opening (±50 points): A flat opening around 25,930.20 will signal market neutrality. - Let the market settle for 30 minutes to confirm direction. - If it holds above 25,884.00, a buying opportunity towards 26,020.00 can be taken with resistance near that level. - If 25,884.00 breaks, expect a dip toward 25,802.00, which can serve as the next important support for retracement buyers. Gap-Down Opening (-100 points): If Nifty opens below 25,802.00, it may test the 25,667.40 support level. - Watch for signs of reversal at 25,667, as this is an important retracement zone. - A break below 25,667.40 would signal more downside risk, potentially leading to a further correction. - If reversal signs are present at 25,667, a rally back towards 25,802.00 or even 25,884.00 could offer a low-risk buying opportunity. Risk Management Tips for Options Trading: - In gap-up and gap-down scenarios, avoid chasing the price immediately. Wait for confirmation of direction. - Keep positions small in the first hour to manage volatility risks. - Use options spreads (buy one strike price and sell another) to limit exposure to unpredictable moves. - Place stop-losses based on hourly close rather than intraday price action to avoid unnecessary exits in volatile markets. Summary and Conclusion: For 24-Sep-2024, the key levels to watch are 26,020.00 for resistance and 25,884.00 for support. A gap-up could present resistance around 26,107, while a gap-down might bring key retracement levels into play. Be patient, especially in the first 30 minutes, to gauge market sentiment. Employ risk management strategies in options to limit exposure in a volatile market. The session offers opportunities for both bulls and bears, depending on how the market reacts at critical levels. Disclaimer: I am not a SEBI registered analyst. The above analysis is for educational purposes only, and all traders should conduct their research or consult with their financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
NIFTY S/R for 24/9/24Support 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: 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 Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24Nifty Short, Medium & Long Term : 23-Sep-24 to 27-Sep-24 Nifty closed at 25790 (last week 25356) and touched low & high of 25292-25849 ( all time high) Market touched new high last week , and broke the key resistance of 25545 provided last week decisively and also crossed Mid Term Resistance 25800 and settled at 25790 ( ( Target Line Provided) Nifty bank 53797 ( Last week 51938) - As mentioned for last 1.5 months, Bank Index have target of 54000 in medium term ( Currently nearing the target) and support at 49900 Fed Rate Cut by 0.5% made the global market up and triggered increase in Indian Market. FPI invested 4 Billion $ in Sep till date. RSI and stochastics levels moved up last week (71% and 93% respectively). MACD crossed the Signal. RSI and MACD shows market will go up further. Caution to be emphasized as Stochastics at overbought level. Q2 results awaited which will pave way for more clearer path in market. Nifty 25790 Short term ( Short Term : Up) Nifty short term resistance 25790 as shown in chart. Support at 25000 , 24650 (Trend line support and Fib Resistance), & 24480 (Fib Support) Medium Term next target is 26260 ( As shown in chart, The level is the difference between the Aug High and Aug Low from Aug High)- If it crosses 26260, Medium Term is UP. if it moves above decisively next target is 27000. Medium term Support - 24000 Long Term : Nifty have a target of 28190 ( Fibonacci Resistance). Support at 22800 US started reducting fed rate as expected in Sep 2024, expected it shall continue in reduction of interest rate in next year. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. RBI in India expected to reduce rate from end of this year. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon, ICICI Bank, HDFC Bank Indian Bank & Punjab National Bank. Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 42204 (last week 43394) indices dipped to 37848 in Jun month, bounced back and reached all time high last week(43632). Later Dipped to 42204 due to profit booking. Recovery of US stock market & awaiting FED rate cut expectation decision pushed the US stocks up and followed by Nifty IT Index last week. NIfty IT is less than SMA 21 level, need clear direction and Q2 results will pave way for the clear direction.
NSE:NIFTYLong
by karthikss
NIFTY INTRADAY LEVELS FOR 23/09/2024BUY ABOVE - 25800 SL - 25700 TARGETS - 25900,26000,26100 SELL BELOW - 25700 SL - 25800 TARGETS - 25610,25550,25490 NO TRADE ZONE - 25700 to 25800 Previous Day High - 25800 Previous Day Low - 25440 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
2
NIFTY : Trading levels and Plan for 23-Sep-2024 Introduction: On the previous trading session, Nifty 50 displayed significant price action with a range-bound movement after an initial rally. The chart shows a clear zone of opening support around **25,686**, followed by a potential breakout towards the resistance at **26,107 – 26,147**, which could trigger profit booking. This sets the stage for the upcoming session, where market direction will likely depend on the opening sentiment. --- Trading Plan for 23-Sep-2024: Considering Opening Scenarios (100+ points gap): Gap Up Opening (100+ points above 25,820): If Nifty opens significantly higher, near **25,920 - 26,000**, we may see a potential continuation of the rally towards the resistance zone at **26,107 – 26,147**. - Look for buying opportunities above **25,900**, aiming for the upper resistance target. - Consider profit booking near the resistance levels and watch for any signs of reversal. - A pullback towards the **25,820** level may offer another buying opportunity, with a stop-loss below **25,800**. --- Flat Opening (within 25,754 - 25,820): A flat opening indicates indecision in the market. - Wait for the first 15 minutes to see how the price reacts. - If the price sustains above **25,820**, consider buying towards the **25,900 - 26,000** zone. - If there’s rejection from these levels, look for a short position with a stop-loss above **25,900** and a target back to **25,686** (opening support). --- Gap Down Opening (100+ points below 25,820): In the case of a gap down, near **25,654 - 25,686**, expect the price to test the opening support. - If the market holds the **25,654** level, consider a buying opportunity with a target towards **25,800 - 25,900**. - If the price breaks below **25,654**, we may see further downside, targeting **25,500 - 25,479**. In this scenario, wait for price stability before entering any trades. - Maintain a tight stop-loss below **25,620** to manage risk. --- Risk Management Tips for Options Trading: - When trading options, ensure you're aware of the **theta decay** that can occur with time. If the market is moving sideways, consider exiting to avoid losing time value. - Always keep a **hedging strategy** in place, like buying put options to protect long positions or vice versa. - Use a **1:2 risk-reward ratio**, especially when trading intraday with options, and avoid over-leveraging. - Exit your position if your strategy fails to work within the first hour of trading to limit potential losses. --- Summary and Conclusion: The Nifty is likely to witness volatile movements based on the opening scenario, with critical levels at **25,686** for support and **26,107 – 26,147** for resistance. The opening direction will dictate the next move. If Nifty breaches the upper resistance zone, expect profit booking to kick in. Otherwise, a consolidation or correction towards the support is possible. Disclaimer: I am not a SEBI registered analyst. All the information provided is based on my own analysis, and you are advised to conduct your own research or consult a financial advisor before making any trades.
NSE:NIFTY
by LiveTradingBox
#nifty50 analysis for upcoming week 23-27th Sept 2024The #Nifty50 soared to a new all-time weekly high of 25,791, gaining a remarkable 430 points from the previous week's close. It reached a peak of 25,849 and a low of 25,285. As predicted, the Nifty has been trading within the 25,810-24,750 range. For the upcoming week, I anticipate a trading range of 26,400-25,200 . A breach of these levels could ignite significant market volatility. As highlighted last week, the strong Fibonacci level of 25,810 is crucial. If the Nifty closes above this level next week, be prepared for a potential rally towards the next magical level of 26,990 or 27,000. Although reaching these levels may take some time, it's essential to be positioned for such a move. Meanwhile, the S&P 500 finally broke through the strong resistance of 5,637, thanks to the Federal Reserve's rate cut. If it can maintain above this week's high of 5,733, we could see further gains towards resistance levels of 5,800, 6,000, or even 6,140. Since the S&P 500 has surpassed a significant Fibonacci level, it's poised to potentially reach another strong Fibonacci level of 6,959, which is 20% higher than current levels. Such a move would likely propel the Nifty towards 27,000. A breakdown below this week's low of 5,604 would indicate a failed breakout and could lead to a test of support levels at 5,445 or 5,432. Exciting times are ahead!"
NSE:NIFTYLong
by ssudhirsharma11