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Nifyt50

NIFTY : Trading levels and Plan for 28-Nov-2024Trading Plan for Nifty - 28th November 2024 Introduction: On 27th November 2024, Nifty remained range-bound within the Opening Support / No Trade Zone (24,225–24,277), marked by the Yellow Trend, indicating indecision. Attempts to breach the "Opening Resistance Zone" near 24,379 were met with rejection, suggesting the need for stronger momentum to push prices higher. The Last Intraday Support (24,175) held well, showing signs of bullish activity, while the zone 24,096–24,062 acted as a critical reversal area for deeper corrections. The chart also highlights Green Zones for bullish trends and Red Zones for bearish momentum. Plan for Different Opening Scenarios: Gap-Up Opening (100+ Points Above Close): If Nifty opens between 24,379–24,449, the focus should be on price action around the Opening Resistance / Consolidation Zone. A breakout above 24,449 could push Nifty towards the Last Intraday Resistance (24,603), which serves as a key Profit Booking Zone. Rejection near 24,449 can result in a pullback to 24,379. A failure to hold this level could bring prices back to the "Opening Support Zone" (24,277–24,225). If Nifty opens directly above 24,449, avoid immediate longs. Wait for retests or pullbacks to 24,449 or 24,379 before entering fresh positions. Risk Management Tip: Use call spreads (e.g., 24,400 CE - 24,500 CE) to hedge risks and reduce premium exposure. Flat Opening (Near Previous Close at 24,277): A flat opening near 24,277 requires patience. Avoid trades within the "No Trade Zone" (24,225–24,277) to prevent getting trapped in sideways movements. A sustained move above 24,277 can trigger long opportunities targeting 24,379 and 24,449. A breakout above 24,449 can lead to a bullish extension towards 24,603. On the downside, if Nifty breaks below 24,225, short trades can be considered, targeting 24,175 and 24,096, provided there is an hourly close below these levels. Risk Management Tip: Deploy straddles or strangles to benefit from potential volatility after a flat opening. Gap-Down Opening (100+ Points Below Close): A gap-down opening between 24,175–24,096 requires careful observation for bullish reversal patterns. A strong bounce from the Green Zone (24,096–24,062) can lead to a recovery targeting 24,225 and 24,277. A breakdown below 24,062 could accelerate selling pressure towards 23,950, opening opportunities for put options or short trades. Avoid chasing shorts near 24,096 unless there is decisive volume confirming bearish momentum. Risk Management Tip: Use put spreads (e.g., 24,100 PE - 24,000 PE) to control risk and leverage potential downside moves. Tips for Risk Management in Options Trading: Avoid overleveraging in options trading, especially during volatile market conditions. Use defined stop losses based on hourly candle closures to minimize losses. Deploy hedging strategies (like spreads) to manage risk and reduce time decay. Gradually scale into positions to confirm market direction before committing full capital. Avoid trading against strong momentum; wait for confirmed levels to act. Summary and Conclusion: For 28th November 2024, the following levels are critical: Bullish Trend: Sustained move above 24,277, with targets at 24,379, 24,449, and 24,603. Bearish Trend: Breakdown below 24,225, with targets at 24,175, 24,096, and potentially lower. Respect the "No Trade Zone" (24,225–24,277) to avoid false breakouts or choppy movements. Patience and disciplined execution of the plan will help navigate the market confidently. Disclaimer: I am not a SEBI-registered analyst. The above analysis is for educational purposes only. Please conduct your own research or consult with a financial advisor before making trading decisions.
NSE:NIFTY
by LiveTradingBox
NIFTY INTRADAY LEVELS FOR 17/09/2024BUY ABOVE - 25440 SL - 25380 TARGETS - 25500,25580,25650 SELL BELOW - 25310 SL - 25380 TARGETS - 25240,24190,24130 NO TRADE ZONE - 25310 to 25440 Previous Day High - 25440 Previous Day Low - 25310 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 INDEX OUTLOOKNSE:NIFTY Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C between 18740 - 18640, where it also has gap support. CRUCIAL LEVELS INTRADAY: 19244, 19235 DAILY:19195, 19125
NSE:NIFTY
by mindfulanalytics
NIFTY INTRADAY LEVELS FOR 12/10/2023BUY ABOVE - 19840 SL - 19800 TARGETS - 19900,19960,20040 SELL BELOW - 19760 SL - 19800 TARGETS - 19720,19680,19640 NO TRADE ZONE - 19780 to 19840 Previous Day High - 19840 Previous Day Low - 19760 I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both. In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures. Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully. 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. 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 for tomorrow - 10 November 2022NIfty50 opened with a gap today, you already had an idea of such an opening as I have mentioned in my previous post, that there are high chances of either gap up or gap down opening. Nifty opened above the resistance zone of 18250, though did not sustain the move in the first 15 min and formed the same open high bear candle, making it obvious that it will be moving towards your next support levels @ 18166- 18160. Since nifty50 did not hold the highs in the first 15 minutes and formed a weak candle the same candle high would now act as resistance for tomorrow i.e 18288-18296 Now today's move again suggests either a gap up or gap down opening tomorrow. Now if it sustains 18150 levels, it might test today's high i.e 18296 and if it opens below 18150 or did not sustain the same level in the first 15 minutes, it most probably is moving towards NIfty 50 positional support at 17850-17950. Opening: Gap up or Gap down Volatility: High Support: 18150 and 17950-17850 Resistance: 18288- 18300
NSE:NIFTY
by manuagarwal21
nifty Weekly Analysis Nifty has formed a range of 300 points in this week Range High is 18100 , it will act as resistance Range Low is 17800 , it will act as support next week if the price close above 18100 there will be shift in range and we seel good movmentum for till 18300 and 18300 will act as key resistance for next week same way if the price trade below 17800 , we might see a fall by 200 points till 17600 , 17400 is the daily support of nifty , breaking this will be blood bath of the nifty and nifty will change its tread to breaish
NSE:NIFTYShort
by hemantk9042
3