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TRADERSAI - Experimental Debut for the Indian Markets - NIFTY 50Hey everyone! After two years of unprecedented growth and consistent performance in the US with daily trading plans on the S&P 500 Index, we are now testing our models on the Indian stock markets with the NIFTY 50 Futures. This is our debut for you all who have been waiting for it! While we know this would enthrall many readers that have been asking for it, we are cautious about jumping on these trades right away - give these models a few days, see how they perform, and then begin to adapt them to your own trading style and risk appetite. And, please do share your feedback, thoughts, ideas, and suggestions about anything glaring or missing - we are new to the Indian markets and are still trying to learn its idiosyncrasies. Thank you! Legend: (i) Use these line crosses on your choice of time frame chart. Most aggressive - on a 1-minute chart Moderate - 5 to 15 minute chart Intraday swing - 30 minute chart Note that the lower your time frame, the more choppiness and whipsawing you might experience in your results. (ii) Cross Above (Below) - triggered when the previous close was below (above) the line and the current close is above (below). Aggressive traders may use other criteria such as high crossing the line, close crossing the line without regard to the previous close, etc. Solid Green Line: Models would go long on a cross above this line Dotted Green Line: Models would close out a short (buy to close an open short but NOT go long) Solid Red Line: Models would go short on a cross below this line Dotted Red Line: Models would close out a long (sell to close an open buy but NOT go short) This is NOT an investment advice. This is meant for experienced traders to use as another tool to inform and guide their own trading decisions. Good luck with your trading!
NSE:NIFTY
by TradersAICorp
Weekly Chart of Nifty 50@jagrut Weekly Chart of Nifty 50 Since 2017, every correction in Nifty has found support near to Monthly Kijun Sen which is currently at 11200. So ideally current correction should found support around the levels for 11100-11200. On Weekly Chart, after the correction the index has consolidated around the Ichimoku Cloud. The levels for the same comes to around 11000-11200. Trend-line support also lies around the levels of 11000-11200. Correction period has lasted for 7 - 11 weeks. For educational purpose.
NSE:NIFTY
by OPTIONS-QUANT
3
Is Nifty 50 Forming a Head & Shoulder Pattern?The Nifty 50 Price Index has already formed the Left Shoulder and the Head completely. Now to confirm this patter just wait for the price to form and complete the Right Shoulder as well. If this pattern fully completes, then there will be a huge sell off in the market and the 9000 price mark might be tested thereafter. The price did also break the Trendline and retested it. In the alternate scenario if the price starts shooting up and does not completes the Right Shoulder then this pattern will be considered Invalid. All my views are just technical analysis , no fundamental or sentimental analysis are taken into consideration. Happy Trading ;)
NSE:NIFTYShort
by iam_jaisonjose
6
Another ratio chart : NIFTY 50 vs S&P 500Another ratio chart. Today we look at the performance of India NIFTY50 vs US S&P 500 on a weekly basis. IN this ratio chart all the 50-, 100- and 200-day SMA are below the short term 20 DMA. Prior tops can act as support as indicated by the red arrows. The estimate is that the chart will consolidate here, and the future direction will be determined by the US Dollar. Please watch out for DXY. Will it break above the recent ATH from Oct 2022 of 113 (blue arrow) or breakdown before reaching the top? This will determine the direction of Nifty 50 vs S&P 500.
NSE:NIFTY
by RabishankarBiswal
GIFT Nifty 50 Index Futures – Retracement in ProgressThe GIFT Nifty 50 Index Futures chart shows a clear uptrend, with recent price action facing a corrective pullback after a strong rally. The price is currently approaching key Fibonacci retracement levels, offering a potential buying opportunity within the ascending channel. Technical Insights: Ascending Channel: The index has been moving in a well-defined upward channel since June 2024. The current retracement is testing the middle of this channel, which could provide support near the 38.2% Fibonacci retracement level at 25,039. Fibonacci Retracement: The price has retraced from its recent high of 25,828 and is testing the 38.2% retracement level at 25,039. If this level holds, we can expect the price to bounce back towards the upper channel resistance around 26,500. A deeper retracement could test the 50% level at 24,314 or the 61.8% level at 23,590, which align with the lower boundary of the channel. Support and Resistance: Support Levels : The immediate support lies at 25,039 (38.2% Fibonacci), followed by 24,314 (50% Fibonacci) and 23,590 (61.8% Fibonacci). Resistance Levels : Immediate resistance stands at 25,828 (recent high), followed by the upper channel boundary around 26,500 . Volume Analysis: Volume has spiked during this retracement, indicating that selling pressure is being absorbed. However, sustained buying interest is crucial to confirm any bounce from current levels. RSI (Relative Strength Index): The RSI has pulled back from overbought levels and is currently near the 50 mark, suggesting neutral momentum. A drop below 40 could indicate further downside, while a move above 60 would confirm a renewed uptrend. Outlook: Bullish Scenario : If the index finds support near 25,039 , we could see a rebound back towards the upper channel, with potential targets at 26,000 and 26,500 . Bearish Scenario: A failure to hold the 38.2% Fibonacci level could lead to further downside, with the next support levels at 24,314 (50% retracement) and 23,590 (61.8% retracement). The overall uptrend remains intact, but caution is advised as the index tests key support levels. Traders can look for confirmation of a bounce before entering long positions.
NSEIX:NIFTY1!
by AngshumanSaikia
OUTLOOK 1-hour NIFTY 50 Index ,1-hour NIFTY 50 Index , Key Observations: • Rounded Bottom Formation: A curved price movement suggests a short-term recovery from a downtrend. • Entry Zone: A pink-colored area near 22,552 – 22,735, indicating a potential sell zone where price may face resistance. • Bearish Projection: The orange-shaded area with zigzag arrows suggests an expected price decline after testing the entry zone. • Target Levels: The bearish move is projected towards 21,923, indicating a short trade setup. The setup suggests a possible rejection from the entry zone, leading to a continuation of the larger downtrend. Traders may wait for confirmation before entering short positions.
NSE:NIFTY
by Artiverma256
GOLDEN Breakout setup on Nifty 50 for (30-12-24)Nifty 50 index was going sideways for 3 days, today it gave bull breakout but not sustained properly. So next trading day can become significantly important if you do breakout trades! ANALYSIS : On chart you can see I am using my custom build indicator named Golden Trading System (GTS) it shows two significant support and resistance zones which works like magic! as of now it is not published but you can follow us to get notified when we publish this. How you can use it ? Alternatively you can use standard pivot point and change the pivot type to camarilla. Here we will only use H3-H4 and L3-L4. In the chart you can see I already marked the H3-H4 and L3-L4 for tomorrow (30-12-24) so you can use that instead. How to TRADE ? Tomorrow (30-12-24) three thing can happen :- (i) If market gave breakout the green band (H3-H4) we can look Long setup. (ii) If market gave breakout the red band (L3-L4) we can look Short setup. (iii) Market can go sideways / range bound between green band and red band. CAUTION :- While taking bullish trades we should not neglect the red resistance line and also While taking bearish trades we should not neglect the red support line because form those points market can reverse so trade cautiously and with "Stop Loss".
NSE:NIFTY
by thejamiul