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Niftytrend

Nifty searching for upward momentum. Nifty has again held on to the Motherline support of 50 Hours EMA today and if it is able to cross the resistance of 24698 more upside can be on the cards. In such a scenario the resistances on the upside in addition to 24698 will be at 24775, 24852, 24975 and finally 25147. The supports for Nifty on the lower side seem to be at Mother line of 50 Hours EMA which is at 24852, 24398 Father line support of 200 hours EMA, Mid channel support at 24290 and finally the support is at 24174. Below 24174 Nifty become very weak. Above 25147 there will be a parallel channel breakout and Bulls will become very powerful. The signs are positive and despite a negative day on the browsers shadow of the candle is neutral to positive for tomorrow. 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 50 16 Dec 2024 ViewKey Observations: Support and Resistance Levels: Support 1: 23,884.60 Support 2: 23,264.60 Resistance 1: 24,769.95 R2: 25,193.80 R3: 25,646.70 Trendlines: The chart shows a rising wedge/channel with price trading upwards near Resistance 1. The current upward trend may face resistance at higher levels, particularly R2 and R3. Harmonic Patterns: Shark Pattern (Left side): Indicating a reversal in earlier phases. ABCD Patterns & Cypher: Multiple harmonic patterns suggest significant retracement zones and reversals. Volume Analysis: Noticeable volume spikes during corrections, hinting at strong buyer interest during pullbacks. Outlook: Watch for a breakout above Resistance 1 for further upward momentum. Breakdown below Support 1 could trigger a reversal toward Support 2. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. I am a long-term options seller, and my positions may differ from short-term trading perspectives. Always consider your risk appetite before making investment decisions.
NSE:NIFTYLong
by leoprabhum
2
Nifty Intraday Support & Resistance Levels for 16.12.2024On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive, signalling strength in the short term. Demand/Support Zones Far Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 (tested) 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 Note: Resistance at 24700 breached: Nifty crossed this critical level and closed above it, a positive sign. Since Nifty is now trading within the Weekly Supply Zone (24567.65 - 25234.05), staying cautiously optimistic is recommended.
NSE:NIFTY
by PriteshPalan
#nifty50 - 16th DECEMBERNSE:NIFTY Nifty 50 Chart Analysis - Key Insights & Trading Plan Key Observations: Support and Resistance Levels: Support: 24,497 | 24,586.95 | 24,662.40 Resistance: 24,783.85 | 24,837.90 | 24,891.90 Price Movement: The price witnessed a downtrend followed by a strong recovery. A sharp upward movement has brought the price near 24,783.85, a significant resistance level. Current Position: The price is hesitating near the 24,783.85 resistance level, signaling a critical decision point. Trading Plan: Bullish Scenario: Breakout Above 24,783.85: Target: 24,837.90 → 24,891.90. Stop-Loss: Below 24,750. Bearish Scenario: Rejection at 24,783.85: Target: Support levels at 24,662.40 → 24,586.95. Stop-Loss: Above 24,800. Consolidation Strategy: Range-Bound Movement between 24,662.40 (support) and 24,783.85 (resistance): Buy near support, Sell near resistance. Summary: Breakout → Go long (buy). Rejection → Look for short opportunities. Watch for volume confirmation during breakouts or rejections to confirm strength. im not SEBI register.
NSE:NIFTY
by thetradeforecast
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
Asian Paints Trading Strategy for 16th December 2024Asian Paints Trading Strategy Key Levels: Buy Above: 2422 (on the high of the candle that closes above 2422 on a 5-minute chart) Sell Below: 2391 (on the low of the candle that closes below 2391 on a 5-minute chart) Targets: Upside Target: 2460 Downside Target: 2360 Strategy Details: Buy Signal: Enter a buy position above the high of the candle that closes above 2422 on a 5-minute time frame. Sell Signal: Enter a sell position below the low of the candle that closes below 2391 on a 5-minute time frame. Uptrend Confirmation: Asian Paints is likely to resume an uptrend if the price closes above 2470 on a daily closing basis. 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 Asian Paints. 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:ASIANPAINT
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 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
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
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
Trendline sending Nifty in consolidation mode. Trendline sending Nifty in consolidation mode for last few days. The positive thing is that Nifty is still holding above 50 hours EMA which we call Mother Line. The Mother line is at 24545 and the closing we got today is 24548. So Mother line still remains support. There is an additional support at 24500 too in addition to Father line which is 200 Hours EMA is also a very important support. Father line is at 24364. Below 24364 Nifty will become weak again and we can see it fall to the levels of 24100, 23907 and 23187. Resistances for Nifty remain at 24723, 24904, 25240 and finally 25514. 25514 will be a strong resistance. If we get a closing above 25514 Bulls have potential to grip the market very firmly and take it to previous highs if not new highs. 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
1
NIFTY : Trading Plan and levels for 12-Dec-2024NIFTY Trading Plan for 12-Dec-2024 Intro: Review of 11-Dec-2024 Plan vs Actual The trading plan for 11-Dec-2024 outlined key levels such as the Bullish Order Block (24,655–24,607) and the Liquidity Zone (24,820). As predicted, the market respected the "No Trade Zone" initially, followed by consolidation in the Liquidity Zone. The sideways movement highlighted by the yellow trend prevailed, with no significant breakout or breakdown occurring during the session. The Profit Booking Zone at 25,053 remained untouched. This demonstrates the importance of waiting for clear confirmation before executing trades. Today's updated chart builds upon these levels and provides actionable insights for 12-Dec-2024 based on anticipated price movements. Opening Scenarios and Plan for 12-Dec-2024 Gap Up Opening (+100 points or more above 24,652): If the market opens above 24,750: Resistance Zone: Immediate resistance remains at 24,820 (Liquidity Zone). Price could either consolidate here or witness selling pressure. Monitor price action for clear breakout signals. Action Plan: Avoid long entries near the Liquidity Zone unless a breakout above 24,940 is confirmed. Short positions can be initiated on rejection from 24,820, targeting 24,652. Alternate Scenario: Sustained movement above 24,940 indicates bullish momentum, with targets at the Profit Booking Zone (25,053). Yellow trend highlights a cautionary approach in consolidation zones. Flat Opening (Near 24,629–24,652): If the market opens flat: No Trade Zone: Expect price to oscillate within 24,629–24,652, indicating indecisiveness. Avoid trading in this range. Bullish Scenario: A confirmed breakout above 24,652 with a retest offers long opportunities, targeting the Liquidity Zone at 24,820. Bearish Scenario: A breakdown below 24,541.65 suggests bearish momentum, with potential shorts targeting Buyer’s Strong Support at 24,374–24,338. Yellow trend signals limited movement; wait for breakouts for better trades. Gap Down Opening (-100 points or more below 24,541.65): If the market opens below 24,450: Support Zone: The critical support lies at 24,374–24,338, aligning with Buyer’s Strong Support near the CHoCH level. Action Plan: Look for reversal signs near the support zone to initiate long trades with a tight stop loss below 24,300, aiming for 24,541.65. Alternate Scenario: If this support fails, avoid aggressive longs and wait for stabilization before entering. Red trend suggests bearish momentum; trade cautiously. Tips for Risk Management in Options Trading Use predefined stop losses to cap potential losses. For example, place stops below 24,541 for bullish trades and below 24,300 for reversal trades. Avoid trading during the first 15 minutes to allow for market direction to emerge. For option buyers, select ATM or slightly ITM options to reduce the impact of time decay. Maintain a 1:2 or higher risk-reward ratio to ensure consistent profitability. Position sizing should align with your risk tolerance to handle volatile price swings. Summary and Conclusion The NIFTY index remains in a consolidation phase with critical levels identified for bullish and bearish scenarios. Liquidity Zone (24,820) and Buyer’s Support (24,374–24,338) are key areas to monitor for actionable trades. Avoid trading in indecisive zones and wait for clear breakouts or breakdowns. Effective risk management remains crucial, especially in volatile markets. Disclaimer: This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please conduct your own research or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Good consolidation by Nifty. Getting ready for another jump?The positive close today and the movement inside the star is indicative of a small or medium jump before it takes another break for consolidation if Nifty can continue to hold ground and close above critical resistance of 24743. Crossing and closing above 24743 is very important for this to happen. If we get a closing above 24743 the next resistances will be at the levels of 24904, 25240 and 25514. 25514 region looks again like a strong resistance zone which will require another consolidation or strong Bullish momentum to cross that zone. If Nifty is not able to close above 24743 then the current rally can become weak or we can even see fizzling out of the same. In such a scenario the supports for Nifty will be at 24422 (50 EMA Strong Mother line support on daily candle chart), 24294 and 24100. Below 24100 there is a strong support zone between 23907 Star base support, 23648 (200 days EMA very strong Father line support on daily chart), 23187. (Which is a very very strong support as it has the star bottom coinciding with Channel bottom support.)(This seems to be the worst case scenario as of now in unlikely circumstances). If you want to learn more about charts, Candle stick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand behavioural Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. The link to purchase the book is available at the bottom of this page in the signature section. 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