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Nifty Intraday Support & Resistance Levels for 09.01.2025On Wednesday, Nifty opened with a gap-up and touched a high of 23,751.85. However, it couldn’t sustain the momentum and dropped to a low of 23,496.15. It managed to close at 23,688.95, losing a modest 19 points over the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting indecision in the market. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Despite a gap-up start, Nifty struggled to hold gains. Watch for a breakdown below the support at 23,189 for potential bearish action. On the upside, crossing 24,400 could signal recovery.
NSE:NIFTY
by PriteshPalan
NIFTY : Trading levels and Plan for 09-Jan-2025Trading Plan for NIFTY - 9-Jan-2025 Intro - Plan vs. Actual for 8-Jan-2025 Yesterday's plan highlighted key levels, with 23,483 - 23518 acting as support and excalty from those level saw a smart recovery. and ended up at flat not. The yellow trend marked the sideways movement, while bearish momentum was evident in the red trend zone. Today's chart builds upon the prior analysis, with updated levels and a strategy for all opening scenarios. Trading Scenarios for 9-Jan-2025 Gap-Up Opening (Above 23,860) If Nifty opens above 23,860 , monitor for rejection near the Profit Booking Zone (24,070) . Look for a bearish hourly candle close in this zone to consider selling opportunities, targeting 23,817 (opening resistance). If strength persists, expect a bullish breakout, targeting 24,150+ . Action Plan: Wait for rejection candles in the profit booking zone for a potential short. For bullish trades, buy only on sustained breaks above 24,070 . Risk Management: Use 23,950 as a stop-loss for shorts and 23,860 for longs, based on hourly closes. Flat Opening (Between 23,611-23,817) A flat opening around the 23,675 zone requires caution. Watch for price action at 23,817 . A failure to break this resistance could lead to bearish moves, targeting 23,611 and 23,545 . Conversely, a breakout above 23,817 may turn bullish, with upside potential toward 23,860 . Action Plan: Wait for price confirmation near 23,817 . Use stop-losses 20-30 points above or below breakout/rejection levels. Risk Management: Trade with minimal risk exposure during the opening 30 minutes to let the trend settle. Gap-Down Opening (Below 23,545) In case of a gap-down, observe the 23,545 level for signs of support. Failure to hold may lead Nifty toward the Last Intraday Support Zone (23,432) . Bulls may defend this zone aggressively, offering a potential buying opportunity. Action Plan: Look for long opportunities only near 23,432 , with targets back toward 23,545-23,611 . If selling persists, avoid aggressive longs below 23,432 . Risk Management: Use 23,400 as a strict stop-loss for longs in the gap-down scenario. Tips for Options Trading Focus on weekly ATM options to minimize premium decay. Avoid holding positions during volatile periods unless you have a strict exit strategy. Use spreads to hedge directional trades, especially in uncertain market conditions. Summary and Conclusion The market's reaction to the key levels will determine the trend. Respect the zones: 23,817 as resistance and 23,611 as support. Patience during the opening 30 minutes can lead to better trade entries. Yellow indicates sideways, green indicates bullish, and red indicates bearish trends. Disclaimer : This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Parallel Channel hourly candles suggests Nifty is delicate zone.Parallel Channel of Nifty suggest that we are in delicate zone with shadow of the candle being positive. Nifty has thrice taken support on the channel bottom as you can see in the chart. A strong support zone for Nifty is seeing strong buying emerging near the channel bottom. This strong support zone is between 23509 and 23263. The Three important resistances however are not allowing Nifty to grow further. These 3 resistance are: 1) Mother line resistance near 23775. 2) Father and trend line combine resistance near 24010. 3) Third important resistance for Nifty to conquer will be near 24288 which is the mid channel resistance. When we will get a closing above 24288 the Bull can breath a little easy and try and push Nifty upwards towards 24510, 24779 or even above 25K. The zone between 25033 and 25200 will again be a tough zone to conquer as the Nifty will again hit the top of the parallel channel. Conclusion: All is good till we do not get a closing below 23K levels. Below 23K levels weekly closing Bears will have position to overpower the market and drag Nifty further down. For long term investors this is good opportunity to invest big go long and hold on. Today ONGC, Reliance, ITC, Asian Paints, Dr Reddy, Wipro and TCS are the few large cap stocks which saw buying. The laggards for Nifty today were Apollo Hospitals, Trent, Shriram Finance, Bajaj Auto, ultratech and few other Large cap stocks. 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. 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. I or my clients might have positions in the stocks that we mention in our 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.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 08.01.2025On Tuesday, Nifty opened with a gap-up but traded within a narrow range, touching a high of 23,795.50 and a low of 23,637.80. The index ended the session at 23,707.90, gaining 92 points over the previous close. Both, the Weekly and Daily Trends (50 SMA) remain sideways, indicating a lack of strong directional momentum. Demand/Support Zones Near Support Level: 23,263 (Low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook After recent volatility, the Nifty appears to be consolidating within a narrow range. A break above the 24,400 resistance could trigger further upside, while support at 22,900 - 23,200 remains critical for bulls to defend. Watch these levels for potential breakout or breakdown opportunities.
NSE:NIFTY
by PriteshPalan
Nifty's Key Levels & Trade Plan for 08/01/25 Hi Guys, Here’s the breakdown of my Nifty analysis for today: Resistance Levels: 23,800: Immediate resistance. 23,880: Strong selling zone; breakout could lead to 24,050. Support Levels: 23,600: Key support with high Put OI. 23,500: Psychological level; a breakdown could take us to 23,400. My Trade Plan: Buy Above 23,810: Target 1: 23,880 Target 2: 24,050 Stop-Loss: 23,780 Sell Below 23,590: Target 1: 23,500 Target 2: 23,400 Stop-Loss: 23,620 View: The market looks range-bound between 23,600 and 23,800 unless we see a breakout or breakdown with strong volume. Stay cautious of false moves! Disclaimer: This is purely my personal analysis and not financial advice. Please trade based on your own research and risk management. What’s your view on today’s price action? Let’s discuss!
NSE:NIFTY
by thirdeyecs
NIFTY : Trading levels and Plan for 08-JAN-2025Nifty Trading Plan for 08-Jan-2025 Intro: Review of 07-Jan-2025 Plan Yesterday's trading plan accurately highlighted the Opening Resistance Zone (23,849-23,888) , which acted as a cap for bullish momentum, and the Opening Support Zone (23,673-23,604) , which provided a bounce. The market respected these levels with a predominantly sideways movement (Yellow Trend). The Best Buying Zone (23,251-23,362) remained untouched, keeping the downside potential intact. For 08-Jan-2025, we focus on three opening scenarios: Gap-Up, Flat, or Gap-Down, with actionable strategies and clear risk management guidelines. Opening Scenarios: Gap-Up Opening (100+ points above previous close): If Nifty opens above 23,888 , the Opening Resistance Zone (23,849-23,888) will likely act as a critical area. A breakout above 23,888 with volume could push Nifty toward the next resistance at 24,081 . Go long on confirmed breakout candles with small retracements. A rejection near 23,888 could result in a pullback to test 23,673-23,604 . Wait for reversal confirmation before entering short positions. less Copy code Risk Management Tip: Avoid aggressive CE buying after a large gap-up; instead, use intraday dip-buying strategies or spreads for better risk control. Flat Opening (Near previous close): A flat opening around 23,694 could lead to a range-bound session (Yellow Trend). This scenario requires patience and precise execution: A bullish breakout above 23,849 could lead to upside momentum, targeting 23,888 and 24,081 . On the downside, a breakdown below 23,604 could initiate bearish momentum, with targets at 23,483-23,518 . vbnet Copy code Risk Management Tip: Use option straddle strategies to benefit from potential sideways movements. Avoid overtrading in choppy market conditions. Gap-Down Opening (100+ points below previous close): If Nifty opens below 23,604 , focus on the Opening Support Zone (23,483-23,518) for potential reversals. A bounce from 23,483-23,518 can provide a buying opportunity, targeting 23,604 and above. A breakdown below 23,483 may trigger a bearish trend (Red Trend) toward the Best Buying Zone (23,251-23,362) . Wait for proper confirmation before initiating short trades. less Copy code Risk Management Tip: For gap-down scenarios, use PE options or bear put spreads with defined risks. Be cautious of sharp reversals after a gap-down. Key Levels to Watch: Support Zones: 23,673-23,604, 23,483-23,518, and 23,251-23,362. Resistance Zones: 23,849-23,888 and 24,081. Summary & Conclusion: Nifty is trading within a structured range, offering clear opportunities for intraday trades based on levels. Stick to disciplined execution, and do not chase trades without confirmation. Use options strategies to manage risk and maximize returns in volatile conditions. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Bearish Trend, but a Bounce Might Be Coming NSE:NIFTY has been trending lower, with sellers clearly in control. However, it looks like the market is taking a breather, and there’s a chance for a short-term bounce before the downtrend continues. What’s Happening? 1. Resistance Zones: - 23,770: This is the first hurdle for the price to cross. Sellers have been strong here. - 23,833 and 23,935: If 23,770 breaks, these are the next levels where selling pressure might kick in. 2. Support Levels: - 23,439: The first key level where buyers could step in. - 23,303: A stronger support zone if the decline deepens. 3. Trendline Resistance: There’s a clear downward trendline acting as a ceiling, making it hard for the price to move higher. 4. Current Setup: The price is hovering around 23,629 after a sharp drop. It feels like the market is pausing to decide its next move. A bounce toward 23,770 looks possible, but the bigger picture still leans bearish. How to Trade This: - If you’re bullish: Watch for a breakout above 23,770 with good buying momentum. If it happens, there’s room for the price to climb to 23,833 or even 23,935. - If you’re bearish: Look for the price to struggle near 23,770 or start falling again. That could be your signal to go short, with targets at 23,439 and 23,303. Bottom Line: The market still looks weak, but there’s a chance for a small bounce before sellers take control again. Keep an eye on how the price behaves around 23,770—it’ll tell us whether buyers are gaining strength or if the downtrend is here to stay. What do you think? Are you leaning bullish or bearish? Share your thoughts in the comments! Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTYLong
by thetradeforecast
1
Nifty Intraday and Swing Trade Analysis For 06/01/25 And weekly In this post, I’m sharing my detailed analysis of Nifty 50’s recent price action, focusing on intraday and swing trades. This setup incorporates technical patterns, volume confirmation, and Smart Money Concepts (SMC) to identify high-probability trade opportunities. Key Observations Bearish Momentum Across Timeframes: Both daily and intraday charts show strong bearish trends validated by supply zones and volume spikes. Critical Levels Identified: Resistance: 24,200 - 24,400 (Supply Zone). Support: 23,950 (Intraday) and 23,700 - 23,500 (Swing Levels). Volume Profile: Volume spikes on breakdowns confirm institutional involvement. Trade Plan: Intraday Scenario 1: Sell Below 23,950 Entry: Below 23,950 (confirmed breakdown). Stop Loss: Above 24,050. Target 1: 23,900. Target 2: 23,850. Rationale: Break below 23,950 signals bearish continuation with strong seller dominance. Scenario 2: Buy Above 24,050 Entry: Above 24,050. Stop Loss: Below 23,950. Target 1: 24,100. Target 2: 24,150. Rationale: Reclaiming 24,050 indicates a potential bullish reversal. Confidence Level: Moderate (requires strong buying volume). SWING TRADING Scenario 1: Swing Sell Below 23,900 Entry: Below 23,900. Stop Loss: Above 24,150. Target 1: 23,700. Target 2: 23,500. Rationale: A breakdown below 23,900 aligns with the long-term bearish structure and supply rejection. Scenario 2: Swing Buy Above 24,200 Entry: Above 24,200. Stop Loss: Below 24,000. Target 1: 24,400. Target 2: 24,600. Rationale: Clearing the supply zone at 24,200 would confirm a trend reversal. Confidence Level: Moderate. Advanced Concepts Used Smart Money Concepts (SMC): Supply Zone: 24,200 - 24,400. Demand Zone: 23,700 - 23,500. Liquidity Trap: Below 23,950. Volume Confirmation: Selling volume spikes during breakdowns confirm bearish moves. Low-volume retracements suggest weak buying interest. Indicators: RSI: Below 50 on daily charts, supporting bearish momentum. MACD: Bearish crossover on daily charts aligns with the trend. Moving Averages: Price below the 20 EMA and 50 EMA reinforces bearish bias. Why This Trade Setup Stands Out This analysis combines the best of price action, volume confirmation, and advanced SMC tools. Each level and decision is backed by data and market behavior, ensuring a methodical approach to trading. Disclaimer The views and trade ideas shared in this post are for informational and educational purposes only. They are not financial advice and should not be construed as a recommendation to buy, sell, or hold any securities or financial instruments. Trading involves significant risk, and you should carefully consider your financial situation, objectives, and risk tolerance before making any trading decisions.
NSE:NIFTYShort
by thirdeyecs
2
NIFTY : Trading Levels and plan for 06-Jan-2025 Nifty Trading Plan for 6-Jan-2025 Introduction The chart shared yesterday highlighted key zones and potential movements. The Opening Resistance Zone of 24,312 acted as a strong supply area, while the Support Zone between 23,970-24,016 was well respected. Actual price movement closely aligned with the predicted Yellow (Sideways) and Green (Bullish) trends, allowing traders to capitalize on the directional moves. Today’s chart brings us new levels and strategies for varying opening scenarios. Let's dive into the details for 6-Jan-2025! Trading Plan for 6-Jan-2025 Gap-Up Opening (100+ Points Above 24,016): If Nifty opens with a significant gap-up: Immediate resistance lies at 24,170-24,196. Wait for price action near this level. Bullish Scenario: If prices sustain above 24,196 for 15 minutes, enter a long position with targets at 24,312 and 24,550. Use a stop-loss below 24,170. Sideways Possibility: If price struggles near 24,170, expect a sideways trend, as shown in Yellow. Avoid overtrading here. Flat Opening (Near 23,990): If Nifty opens flat: The key Opening Support Zone is at 23,973-23,902. This area serves as a no-trade zone unless there is a clear breakout or breakdown. Bullish Scenario: Look for sustained buying above 24,016, targeting 24,170 initially and then 24,312. Bearish Scenario: If prices fall below 23,902, expect a move toward the next support zone at 23,814. Use a tight stop-loss above 23,902. Gap-Down Opening (100+ Points Below 23,970): If Nifty opens with a gap-down: Immediate focus should be on the First Support Zone at 23,814. Bearish Scenario: If prices fail to hold 23,814, expect a sharp move toward 23,623 (Last Intraday Support). Bullish Reversal Opportunity: If prices recover quickly and reclaim 23,970, consider going long for a target of 24,016. Stop-loss below 23,814. Avoid aggressive shorting unless price action confirms weakness below 23,814. Risk Management Tips for Options Traders: Use smaller lot sizes to manage risk during volatile openings. Focus on ATM (At the Money) options to reduce premium decay in uncertain conditions. Avoid trading during the first 15 minutes unless clear trend confirmation is seen. Always maintain a stop-loss and adhere to it. Summary and Conclusion: Today’s plan focuses on the key zones of resistance and support. The Opening Resistance Zone at 24,170-24,196 will be crucial for bullish continuation, while the Support Zones at 23,814 and 23,623 must be monitored for bearish breakdowns. Follow the Yellow, Green, and Red trends for guidance, and remember to prioritize risk management over aggressive trades. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Traders are advised to conduct their analysis or consult a financial advisor before executing any trades.
NSE:NIFTY
by LiveTradingBox
Mid-Channel Resistance on Hourly charts Stops Nifty. The parallel channel is a channel in which the stock or index travels for a particular period of time. The upper frame of the channel acts as a strong resistance and the lower frame of the index acts as a support. Mid channel works in a dual way. If the price or the index level is above the Mid-Channel it acts as support if the price or the index level is below the Mid-Channel the line acts as resistance. Also on the daily chart of Nifty the level of 24212 was a Mother line Resistance of 50 day's EMA. Nifty today made a high of 24196 and retreated from there so it can be safely said that these 2 levels 24212(Mother line) and 24226 (Mid Channel resistance see in the chart will be most important resistances moving forward into the next week and probably full month. There is also a news of HPMV Virus outbreak in China as Trump resumes Presidency. Quarterly Results have already started flowing in and good results are expected this time around unlike traditionally weak October quarter. Additionally we are near the budget and there are news trickling in about relief to the Middle Class. Which can spark a pre-budget rally. So the signals from international market, technical analysis and on the local front. Next week is very important with perspective of full month of January. Nifty Supports Remain at: 23989, 23902 (50 Hours Mother Line), 23797, 23540 (channel bottom Support) and finally 23279. Below 23279 closing Nifty has potential to fall totally into the bear grip. This does not look likely unless there is a catastrophic global event. Nifty Resistances Remain at: 24086 (200 Hours EMA or the Father line Resistance), 24226 (Mid Channel Resistance), 24348, 24556, 24779, 24919 and finally 25025 (Channel top resistance).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Trading levels and Plan for 03-Jan-2024 Intro: Previous Day's Plan vs. Actual Chart Movement In the trading plan for 2-Jan-2025, key levels worked exactly as predicted in plan Price movement respected these levels, The bullish structure remained intact for the day, with significant opportunities for intraday gains. Trading Plan for 3-Jan-2025 If Market Opens Gap Up (100+ Points Above Previous Close): A gap-up opening above the Opening Resistance Zone (24,312) signals strength. Monitor price behavior for consolidation or sustained trading above this level. Sustaining above 24,312 could lead to a move towards the Last Resistance for Intraday (24,559) . If prices fail to hold above 24,312 and retrace, expect a pullback toward the Opening Support/Resistance Zone (24,159-24,167) . 📈 Action Plan: Look for long positions above 24,312 after a 15-minute candle close. Use stop loss at 24,167. Avoid short positions unless there’s clear rejection with bearish confirmation. 📊 Trend Indicators: Green: Bullish Move Expected. If Market Opens Flat (Near Previous Close): Observe price action near the Opening Support/Resistance Zone (24,159-24,167) . Sustained trading above this zone could trigger a move toward 24,312 . A breakdown below 24,159 would indicate weakness, and prices could test the Opening Support Zone (24,016-24,058) . 📈 Action Plan: For long trades, wait for price to break above 24,167 and confirm with volume. Use stop loss at 24,016. For short trades, consider entry below 24,159 with a target of 24,016 and a stop loss at 24,167. 📊 Trend Indicators: Yellow: Sideways Trend Expected. If Market Opens Gap Down (100+ Points Below Previous Close): A gap-down opening near 23,970 or the lower end of the Opening Support Zone (24,016-24,058) might provide a recovery opportunity. Monitor price action for a bounce back to 24,159. If prices fail to sustain above 23,970, expect further downside toward the Last Intraday Support (23,815) . 📈 Action Plan: For long positions, wait for recovery above 23,970 with bullish confirmation. Use stop loss at 23,815. For short trades, consider entry below 23,970 with a target of 23,815 and a stop loss at 24,016. 📊 Trend Indicators: Red: Bearish Move Expected. Risk Management Tips for Options Trading: Always calculate position sizing based on risk tolerance. Use stop-loss orders to minimize losses, especially in high-volatility scenarios. Avoid overtrading; wait for clear confirmation of price action before entering trades. For intraday options, consider exiting positions by 3:15 PM to avoid overnight risk. Summary and Conclusion: The key levels for Nifty on 3-Jan-2025 are: Resistance: 24,312 and 24,559. Support: 24,016-24,058 and 23,815. Use price action and trend behavior (Green for bullish, Yellow for sideways, and Red for bearish) to guide your trades. Stick to the plan, and prioritize risk management. Disclaimer: This trading plan is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Stages Massive Comeback. But Will The Mother Line Relent? Nifty has staged a massive comeback today on the back of FII buying today. Nifty made a high of 24226 but Mother line Resistance (50 day's EMA at 24221) pushed it back a bit and it ended the day at 24188. If the mother line relents tomorrow and if we can get a weekly closing above 24221 tomorrow Bulls have potential to take the momentum forward into January with a possibility of Budget rally. The supports for Nifty remain at 23926, 23698 (Father Line Support of 200 day's EMA), 23494 and finally 23238. Below 23238 all hell can break loose and bears will have potential to Pull Nifty further down. Resistances on the upper side remain at 24221 (Mother Line Resistance of 50 day's EMA) followed by 24389, 24600 and 24876 before Nifty snatches back 25K levels. Shadow of the candle remains neutral to positive but it can turn neutral or even negative if Mother line resistance comes into play again. The best possibility for Nifty remains if it can get a gap up opening above 24221. This can happen if we get good support from International indices and Gift Nifty tonight. Tomorrow's closing will be very important as it is the first weekly closing for the year. 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 - Hajaari TradeHajaari Trade in Nifty seems active , provided it remains above 24K Level for next 3-4 Days! NIFTY Staying above our Hajaari (Thousan Level) Trade since 31 Dec 2024. Perfect Set up for our Hajaari Trade. Let's Ride the trend for 800 to 1k points from last Monthly Expiry. Eyeing for 25500 Level with Bearish Expiry view this month End. Let's see how market responds! This Chart is for educational purpose & not a buy/sell recommendation. Nifty may remain Bullish this month till 15 Jan, we may see a reversal basis Budget Movements. This is a Big yearly event which result in throwing Technical out of the window. Technical Analysis may not work on Event Days like Budget, Election, Monitory Policy Review, RBI/ FED Interest Rat Decisions, etc. It is advised to check out Economic Calendar before planning a Trade! Thank You
NSE:NIFTYLong
by Saishayu_Option_Scalpers