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Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24 Nifty closed at 24677 (last week 4276) , for last 30-40 days nifty was in sideways movement. last week on the last day market touched 24200 and bounced back to 24677 . RSI at 60.37 ,Macd signal is more than MACD and in positive for last 2 weeks (after 2 months). But stochastics levels is sustaining above 90%, overbought position for the last 3 weeks. Buy call on dips was given last week. Market bounced back in the last day and near to key resistances. FII started buying, in positive for Dec month, however not full fledge buying, hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time. Maharashtra election win and US acquittal of Adani in bribe crime is a positive news and definitely helped Indian market to sustain above 24000. Outgoing RBI governor didnt change the interest rate. Interest Rate reduction and Feb Budget is the key for the market to move above 26000 to next targets of 27000. I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term. Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election . Caution was emphasized on Nifty for last 4 months as nifty PE (Currently in22.8) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time. Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile. Nifty 24768 (PrevWeek 24677 ) Short term Nifty short term resistance at 24800 0.5 Fib Resistance, once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target. Support at 24329, and 24199( Last week Low) and 24000 Medium Term next target is , if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance) Medium term Support 23265 ( Nov low),23000 and 22800 Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21240
NSE:NIFTY
by karthikss
Nifty Breakout Confirmation- Ready to hit 25,647 !!Nifty 50: Outlook for next week and feb-25 After analyzing the index’s movement from August to December 2024, Nifty 50 has exhibited two key patterns: 1. Head & Shoulders: • Rally from 24,887 to ATH 26,277 (Sep 9–26). • Breakdown after completing the right shoulder on Oct 21, leading to a 1,500-point fall to 23,291 on Nov 22. 2. Inverse Head & Shoulders: • Formation began on Oct 23, with the head completed on Nov 21 and a neckline formed by Nov 26. • On Dec 4, the right shoulder completed, followed by a breakout above 24,463. The index consolidated for a week between Dec 4–13, strengthening the breakout signal. Outlook With strong confirmation of a bullish reversal above last week close, supported by FIIs inflows and favorable macroeconomic data (CPI/IIP), It is highly likely that Nifty 50 is likely to hit 25,647 by December 23, 2024. If the breakout doesn’t happen then we can see a consolidation and retest on last week levels failing which will lead to a breakdown which can push Nifty to 23,000 levels by Februrary 2025 Disclaimer: I am not SEBI-registered. This analysis is for educational and study purposes only. Any trade taken based on this view is solely at your own risk and is not a recommendation.
NSE:NIFTYLong
by chandakpulkit
Nifty Trading Strategy for 15th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 5-minute candle which closes above 24,940 Sell Below: The low of the 5-minute candle which closes below 24,600 Risk Strategies: Risk Strategy 1: If the market opens with a gap up around 24,820-24,840, wait for the first 5-minute candle to close. Enter a buy position above the high of the first 5-minute candle. Enter a sell position below the low of the first 5-minute candle. Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions. Risk Strategy 2: If the market opens with a gap up around 24,920-24,950, wait for the first 5-minute candle to close. Enter a buy position above the high of the first 5-minute candle. Enter a sell position below the low of the first 5-minute candle. Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions. Additional Tips: Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals. Risk Management: Always use a stop-loss to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
NIFTY : Trading Plan and levels for 16-Dec-2024Trading Plan for Nifty 16-Dec-2024 Intro: Yesterday's Plan vs Actual The chart uploaded for 15-Dec-2024 accurately depicted the market's movement. As anticipated, Nifty faced sharp recovery from mentioned zone after a sharp decline in prices. Monday’s plan builds on these insights, focusing on opening scenarios and trading strategies. Plan for Different Opening Scenarios Scenario 1: Gap-Up Opening (100+ Points Above 24,781) If Nifty opens significantly higher, near or above 25,053 : Expect resistance around 25,053 (marked red on the chart). Observe for rejection signals such as bearish candles or reduced buying momentum. Plan of Action: For aggressive traders: Initiate a short position with a target of 24,767 , placing a stop-loss above 25,100 on an hourly candle close basis. For conservative traders: Wait for a pullback toward the consolidation zone ( 24,653 - 24,767 ) for potential long positions, targeting a retest of 25,053 . Watch out for a decisive breakout above 25,053 , which can trigger further bullish momentum toward 25,335 . Scenario 2: Flat Opening (Near 24,781) If Nifty opens near the previous close: The consolidation zone ( 24,653 - 24,767 ) will act as a critical area. Plan of Action: Initiate long positions if Nifty sustains above 24,767 with targets of 25,053 . Place stop-loss below 24,653 . If Nifty slips below 24,653 , short positions can be considered with a target of 24,542 . Ensure a tight stop-loss above 24,653 . Pay attention to the price action in the yellow trend zone, as sideways movement could lead to traps. Scenario 3: Gap-Down Opening (100+ Points Below 24,781) If Nifty opens near 24,542 or lower: 24,542 is the opening support level (marked green on the chart). Observe for sharp recovery signs like bullish engulfing candles. Plan of Action: For bulls: Look for a recovery from 24,542 to target 24,653 with a stop-loss below 24,500 . If 24,542 breaks decisively, expect bearish momentum toward 24,217 . In this case, initiate shorts with a target of 24,217 and stop-loss above 24,542 . Risk Management Tips for Options Trading Avoid taking positions during the first 15-30 minutes of market opening to avoid false moves. For intraday options trading, use at-the-money or slightly in-the-money options to minimize time decay impact. Set a fixed risk percentage (e.g., 2-3% of your capital) per trade. Stick to it strictly. Avoid holding positions beyond your planned targets. Use trailing stop-losses to lock in profits during trending moves. Summary and Conclusion The key zones to watch today are: Support: 24,542 , 24,653 . Resistance: 25,053 , 25,335 . Green trend indicates bullish potential, yellow for sideways movement, and red for bearish scenarios. Adapt to price action at critical levels and prioritize proper risk management. Disclaimer: I am not a SEBI-registered analyst. All views are for educational purposes only. Traders should conduct their own analysis or consult with their financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY S/R for 16/12/24Support 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. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the 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.
NSE:NIFTY
by zenthosh
Daily Market UpdateFriday 13 December 2024 Gift Nifty was showing a 100 points gap down opening for the index. Nifty opened with 50 points gap down and fell 186 points (-0.76%) in the first hour. In the second hour, the index fell another -0.71% to 24180, the day’s low from where the recovery started. The second hour closed with a loss of 74 points (-0.30%) at 24278, just above the support of 24250. Then the market rallied in the third hour. It rose 281 points (1.16%) in the third hour and then continued to rise with every passing hour. Day’s high was 24792 and the index closed the day with a gain of 219 points (0.89%) at 24768. I mentioned in my report on 4 December 2024 that till 24100 is intact, this is a buy on dips market. Today was a confirmation of that. All the sectoral indexes had a similar pattern on the hourly and daily charts. Even Nifty Midcap 100 and Smallcap 100 had a similar pattern. For Midcap, I wrote yesterday that “It closed below the rising trendline from which it fell on 7 November 2024. After a one way upside move, there is a possibility for the index to retrace to 58000/57500 (-1.69%/-2.54%).” Midcap 100 bounced from the low of 58012, just above the first support of 58000. It closed the day flat. For the Smallcap 100, yesterday I mentioned that “It is possible for the index to retrace to the level of 19000/18930 (-2.39%/-2.75%) before making a fresh upside move.” 19047 was the low for the day and it closed with a loss of -0.30%. Biggest sectoral gainers for the day were FMCG 1.29%, Infra 1.19%, Private Bank 0.80%, IT 0.64%, Auto 0.48% and Energy 0.46%. Whereas the biggest losers were Metal -0.72%, Media -0.59%, Realty -0.44%, Pharma -0.32% and PSU Bank -0.18%. Reliance was down -1.22% in the opening hour. In the second hour, it made a doji with the low at 1239. Then the stock rallied and closed at 1272, near day’s high, which was 1275. It gained 0.79% for the day and closed in green for the first time this week.
NSE:NIFTY
by moneyorder_official
1
Nifty is again a rising star..We today saw Nifty rising like a Phoenix to close the day at 24768 after making a low of 24180. In one of the most volatile session Nifty gained 588 points from day's low. The rise was from the right side bud of the star formation which gave superlative support to Nifty on the weekly chart. The weekly candle formation is of the shape of Thor's hammer which means further upside cannot be ruled out subject to Nifty closing above 24860. In such a scenario further resistances for Nifty will be at 25240 and 25514. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Link to buy my book from Amazon is available below in my signature. 25514 is the sigma resistance of the Star which can be little difficult to conquer but in case this level is conquered by Bulls further upside of 25665, 25919 and finally 26K+ levels cannot be ruled out. Supports for Nifty remain at 24500, 24184, 23907, 23396 (Mother line of 50 Weeks EMA) and finally 23187 which is the channel bottom support. 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:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 13.12.2024On Thursday, Nifty opened negative, attempting a recovery with a high of 24675.25, but succumbed to selling pressure, hitting a low of 24527.95. It closed at 24548.70, losing 93 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Resistance at 24700: Nifty is struggling to break this level. A failure to sustain above it may lead to a drop toward the 24370 zone or lower.
NSE:NIFTY
by PriteshPalan
BUY NIFTY 24600 PE @ 280 - 285 | NIFTY SHORT TRADENIFTY 24600 PE 19TH DEC EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, The Nifty has been under selling pressure. We recommend considering the purchase of the 24600 Put Option (19th December expiry) in the price range of 280-285, starting with a small quantity. You can look to add more if the price moves to the 250-245 range. Target levels are set at 350 and 420 with SL @ 220. Regards, OptionsDaddy Research Team
NSE:NIFTYShort
by Options_Daddy
3
NIFTY : Trading levels and plan for 13-Dec-2024Introduction In the previous day's plan, we analyzed the Nifty 50 Index and identified key support and resistance levels. The chart highlighted a sideways trend in the yellow zone, a bullish trend in the green zone, and a bearish trend in the red zone. The actual price movement today followed the anticipated path, consolidating within the highlighted zones and providing opportunities for both long and short trades. Trading Plan for 13-Dec-2024 Gap Up Opening (100+ points) If Nifty opens with a gap up above 24,711.00, it is crucial to watch for a retest of the last and important resistance for intraday at 24,735.00. If the price sustains above this level, initiate long positions targeting 24,940.00. Place a stop loss just below 24,711.00 to manage risk. If the price fails to sustain above 24,735.00 and shows signs of reversal, consider short positions targeting the opening support/resistance zone at 24,484.00. Monitor the price action closely and adjust stop losses to protect profits as the price moves in your favor. Flat Opening If Nifty opens flat around 24,539.50, observe the price action within the highlighted yellow zone. A breakout and sustained movement above this range can pave the way for Nifty to target levels of 24,711.00 and 24,735.00. Initiate long positions if the price breaks above the yellow zone with a stop loss just below the breakout level. If the price remains within the yellow zone, avoid taking new positions and wait for a clear breakout or breakdown. In case of a breakdown below the yellow zone, consider short positions targeting the support zone at 24,484.00. Gap Down Opening (100+ points) If Nifty opens with a gap down below 24,450.00, it is essential to watch for a retest of the opening support/resistance zone at 24,484.00. If the price fails to reclaim this level and shows signs of further weakness, initiate short positions targeting the extended zone for Wave C correction at 24,354.00. Place a stop loss just above 24,484.00 to manage risk. If the price sustains above 24,484.00 after a gap down, consider long positions targeting the yellow zone and monitor for a potential reversal. Adjust stop losses to protect profits as the price moves in your favor. Risk Management Tips for Options Trading Always use stop losses to limit potential losses. Avoid over-leveraging and trade within your risk tolerance. Diversify your trades to spread risk across different positions. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 13-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. For a gap-up opening, focus on sustaining above 24,735.00 for long positions. For a flat opening, watch for a breakout from the yellow zone. For a gap-down opening, monitor the 24,484.00 level for potential short positions. Implementing proper risk management strategies is crucial for successful options trading. Disclaimer I am not a SEBI registered analyst. The information provided is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a professional financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY S/R for 13/12/24Support 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. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the 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.
NSE:NIFTY
by zenthosh
Nifty50 Important levels and analysis - 12 Dec 2024After a 10-11% correction the Nifty50 found support at 23250 on 21 Nov 2024 which now acts as a stop-loss for Long term investors. It broke the sloping trend-line on 25 Nov 2024 with a gap-up open, finding resistance at 23350 retraced to 23850 and then made a strong up move, this formation is a ideal setup for Swing Traders, who might have taken a trade at 24350 with a stop-loss at 23850. Next smaller resistance was at 24540 which it broke convincingly on 5th Dec 2024. But over this past one week, that strong move from 23250 has fizzled a little, which until yesterday was alright but today's 12 Dec 2024 bearish candle indicator re-tracement back to 24350. Even though the market is in Rally mode, Level 24753 needs to be broken convincingly for this trend to continue. But it may take some effort as this level (24750) was the base level of the head and shoulder pattern that had formed over Sept-Oct. I am expecting sideways moves in the near term, in the range of 24350 to 24750, but will turn bearish if 24350 support is broken. And bullish only if 24750 is broken with good volumes Disclaimer: This is purely educational and part of my learning, I cannot provide any recommendations, just my educated analysis based on my experience, please consult a financial/investment advisor (which i am not) for any investment/trades.
NSE:NIFTY
by Mukadam