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NIFTY : Trading Levels and Plan for 20-Jan-2025🔖 Nifty Trading Plan for 20-Jan-2025 📊 Key Levels: Resistance Zones: 23,318–23,334, Profit Booking Zone: 23,405–23,435 Support Zones: 23,113–23,201, 23,007, 22,962 1️⃣ Gap-Up Opening (100+ points) If Nifty opens above 23,334: Look for consolidation or rejection near Profit Booking Zone (23,405–23,435). If rejected, consider a short entry with a target towards 23,334 or 23,269. Sustained breakout above 23,435 may lead to a rally. Use trailing stop-loss to ride the momentum. 📌 Educational Insight: Gap-ups often signal bullish momentum, but profit booking zones can act as reversal points. Observe price action carefully. 2️⃣ Flat Opening (Within 23,201–23,203) Monitor opening price reaction within the Golden Retracement Zone (23,113–23,201). If Nifty holds 23,201, it’s a signal to go long with a target towards 23,318–23,334. Break below 23,113 could indicate bearish momentum. Short below this level with a target towards 23,007. 📌 Educational Insight: Flat openings are ideal for price action-based trades. Let the first 30 minutes settle before taking positions for the best risk-reward setup. 3️⃣ Gap-Down Opening (100+ points) If Nifty opens near 22,962–23,007: Look for bullish reversals within the Trending Shift Zone (22,962–23,007). Go long if strong buying is observed, targeting 23,113. A breakdown below 22,962 could lead to further weakness. Short positions below this level with a target of 22,880. 📌 Educational Insight: Gap-downs often create opportunities for sharp reversals or continuation trends. Wait for confirmation before entering trades. 📌 Risk Management Tips for Options Trading: Use hourly candle close as confirmation before entering trades. For directional trades, avoid over-leveraging and use defined stop-loss. Hedge positions using spreads to limit risk in volatile markets. Monitor IV (Implied Volatility) while trading options; high IV can inflate premiums. 🔍 Summary & Conclusion: For 20-Jan-2025, focus on the key zones: Watch Golden Retracement Zone (23,113–23,201) for flat openings. Look for rejection or breakout near 23,405–23,435 in case of gap-ups. Keep an eye on 22,962–23,007 for possible reversals in gap-down scenarios. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Traders are advised to conduct their own analysis or consult with financial advisors before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY50 @ 200 Day SMAToday we are plotting the US Dollar Index vs NIFTY50 (the top 50 Market Cap stock from India). India was one of the favourite in 2023 and 2024 has fallen out of favour. As the Dollar index is making new highs, NIFTY50 is making 20-Day, 50-Day, 100-Day and 200-Day Simple moving average . But 200-Day SMA has acted as a support and the index has jumped up form those price points. Will this time it will be different ? The Dollar index is going from a risk reversal and heading downwards. So this can be a tailwind for NIFTY50.
NSE:NIFTYLong
by RabishankarBiswal
Good Leap by Nifty today in anticipation of RIL/INFY results. Good Leap by Nifty today in anticipation of RIL/INFY results and closed 98 points up at 23311. Real test is the level of between 23377 (Mother Line) and 23398 (Important Resistance). This includes today's high and Mother line resistance and another important resistance. After closing above this zone the next resistances will be at 23469, 23598, 23736 and finally 23770 (Father Line resistance of Hourly chart.) Supports for Nifty on the lower side now remain at 23267, 23147 and 23053. If we get a poor result for Reliance these levels will be tested once again and there will be pressure on Bulls and Bears will again try to overpower Nifty. The tussle has reached a delicate stage now and thing can give. (Either a Breakout of Breakdown). 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.
NSE:NIFTYLong
by Happy_Candles_Investment
2
23K has emerged as a good support zone for Nifty. As of now the 2 day's positive closing has given hopes of 23K levels being a good support zone. However there are 4 major hurdles in the path of Nifty before it can move ahead with full force. Reliance result tomorrow can be of some help to Nifty if at all it is positive. On the other hand if Reliance result is negative it can be a major hurdle looking at the weightage of the script in the index. US Inflation data to be announced later tonight can also give a direction to the markets all over. FII selling pressure can diminish if Dollar falls and Rupee starts making a steady gain. After making a high of 86.69 2 days back USD is currently at 86.34 declining a bit which has increased optimism in the mood of market. Market Mood index is at 33.25 and has recovered from Extreme fear zone and has entered the fear zone. Supports for Nifty remain at: 23053, 22663 and 22376 levels. Below 22376 Bears can drag Nifty further down by another 400 to 1000 points. Resistances for Nifty remain at: 23283, 23397 (Mother line resistance), 23598, 23803 (Father line resistance), 24198 and finally 24802 levels. Bulls can be back in the game truly after closing above 24802 level only. 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
NSE:NIFTY
by Happy_Candles_Investment
ShortI am currently reassessing my targets for the Nifty. If the level of 23,080 is breached and the index closes below this support, I will adjust my target to around 20,200, as this would indicate a more significant market correction is underway. This level aligns with the 50% Fibonacci retracement of the recent rally, which further strengthens the case for this correction. In my view, this level is not only plausible but inevitable, given the current market dynamics. The broader market is signaling a potential major top, which suggests that the risk of further downside is increasing. In this environment, simply averaging into the market can be highly risky, as it may expose investors to larger losses if the market continues to decline. Instead, I recommend adopting a more strategic approach to portfolio construction, focusing on calculated risks. This means selectively building positions based on strong, risk-adjusted opportunities rather than committing large capital indiscriminately. It’s essential to have a clear risk management plan in place, especially in volatile conditions like the current market environment.
NSE:NIFTYShort
by Shivkumar600
NIFTY : Trading Levels and Plan for 14-Jan-2025Trading Plan for 14-Jan-2025 This structured plan outlines potential strategies for different opening scenarios. Follow it step by step to make informed decisions and manage risk effectively. Scenario 1: Gap-Up Opening (100+ Points Above 23,091) 🟢 A gap-up opening often indicates strong bullish momentum, but it’s crucial to watch for resistance at key levels. Key Levels: Focus on 23,239 (Immediate opening resistance) and 23,374 (Last intraday resistance). Plan of Action: If Nifty opens near 23,239 and shows signs of rejection, wait for a bearish confirmation candle. Enter a short trade targeting 23,091 . If it sustains above 23,239 , consider a long trade with a target of 23,374 . Place a stop loss below 23,239 . Risk Management Tip: For options, use call spreads instead of naked call buying to reduce time decay losses. Scenario 2: Flat Opening (Near 23,091) 🟡 Flat openings indicate neutral sentiment, often requiring more patience for market direction. Key Levels: Monitor the No-Trade Zone (23,048 - 23,091) . Plan of Action: Avoid trading within the No-Trade Zone unless a breakout above 23,091 or a breakdown below 23,048 occurs. Above 23,091 : Initiate a long trade with a target of 23,239 . Place a stop loss below 23,091 . Below 23,048 : Go short with a target of 22,900 . Stop loss above 23,048 . Risk Management Tip: Avoid impulsive trades. Let the market establish direction first. Scenario 3: Gap-Down Opening (100+ Points Below 23,048) 🔴 A gap-down opening suggests bearish sentiment. Look for opportunities near strong support levels. Key Levels: Focus on 22,825 - 22,689 (Buyer’s Try Zone). Plan of Action: If Nifty approaches the Buyer’s Try Zone and shows a bullish reversal, initiate a long trade with a target of 23,048 . Stop loss below 22,689 . If it sustains below 22,689 , consider a short trade targeting 22,600 . Risk Management Tip: Use option strategies like put spreads to limit risk in highly volatile markets. Tips for Risk Management in Options Trading: ✔️ Avoid trading aggressively during the first 15 minutes of market opening. Let volatility settle. ✔️ Focus on spreads (e.g., bull call spread or bear put spread) to control risks better. ✔️ Use proper position sizing: Limit risk to 2-3% of your total capital per trade. ✔️ Adjust positions dynamically as levels are tested or broken. Summary and Conclusion: The market is poised for volatile movement on 14-Jan-2025. Stick to the plan and respect the No-Trade Zone for flat openings. Use the Buyer’s Try Zone for potential reversals in case of a gap-down opening. Patience, discipline, and effective risk management will be your key to success. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please do your research or consult a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
The Wave is Shifting: Anticipate NIFTY’s Next Move!Dear Traders, I hope this message finds you well in your trading endeavors and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift. Preliminary Analysis Overview: The correction initiated on September 27, 2024, is a correction for the move from June 17, 2022, to September 27, 2024 (15,183.40 to 26,277.35). This move has spanned over 120 weeks (834 days) in time and 11,093.95 points in price. This necessitates a long-term and deeper correction, which is currently underway. This can be visually represented by the trend lines: The downward trend from the all-time high continues, which is currently experiencing a corrective phase within a larger correction. There are two potential phases for the ongoing trend: Phase I: The initial phase of correction primarily tested the .236 R of the aforementioned motive wave (refer to the figure below): Following the correction, there is a correction within the correction in a larger degree (although the primary downtrend remains intact). This internal correction is anticipated to rise further to test 0.146 R and 0.073 R of the long-term bull market (serving as potential resistances). RI – 24,254.10 RII – 24,600 ~24,657 RIII – 25,100 ~25,120 *These values are not actual but merely levels. Time resistances are anticipated on January 9th and February 17th (of considerable strength). Reference: Phase II: Following the completion of the internal correction, the market is anticipated to resume its current downward trend in a more significant manner to test the 38.2 R (21,500 levels) + static support junction, which will be further discussed as the market evolves. --- **Important Dates to Remember: ** Please note the following significant economic indicators and their release dates: **January 8, 9, and 10: ** Federal Open Market Committee (FOMC) meeting and employment data release (NFP). **January 13 and 14: ** Inflation data release. **January 13-16: ** Sales and inflation data release. --- **Final Verdict: ** The current uptrend is considered interim. The primary trend remains downward and is anticipated to persist further and deeper. This trend is expected to test the 38.2% resistance level coinciding with the 21,360-support level. --- **Strategy: ** Given the prevailing market conditions, adopting a bullish stance appears prudent. Key levels to monitor include 24,657 and 25,120, which are expected to be tested. It is imperative to remain vigilant and informed about potential opportunities that may arise. ------ Fellow Traders, The creation of this valuable analytical resource has required countless hours of dedication and effort. If you find it useful, I humbly request your support by boosting the idea and following me (updates will be provided via this post, new posts, and through minds). Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article. Wishing you profitable and fulfilling trading endeavors! Disclaimer: Before concluding, I must emphasize that the insights shared are based on my analysis. It is crucial for you to conduct your own research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial objectives and risk tolerance.
NSE:NIFTYLong
by WDG_Dinesh_Gengarajan
NIFTY : Trading Plan and Important levels for 13-Jan-2025Key Levels to Watch: Profit Booking Zone: 23,775 – 23,830 Last Intraday Resistance: 23,663 Opening Resistance: 23,588 – 23,613 No Trading Zone: 23,437 – 23,470 Opening Support: 23,339 Initial Support: 23,250 Buyer's Support Zone: 23,057 – 23,094 Gap Up Opening (100+ Points Above) If Nifty opens above 23,613: Monitor price action near the 23,663 resistance zone. A breakout with strong volume above this level can lead to a rally towards the Profit Booking Zone at 23,775–23,830. Consider initiating long positions if confirmation occurs. If the price struggles near 23,663, wait for a rejection pattern and evaluate for potential pullback trades back to the Opening Resistance zone (23,588–23,613). 💡 Risk Management Tip: When trading gap-ups, avoid entering impulsively. Let the price settle for the first 15 minutes. Use tight stop losses for trades near resistance zones. Flat Opening (±50 Points Around 23,437) If Nifty opens within the No Trading Zone (23,437–23,470): Stay cautious and avoid taking trades until the price breaks out of this consolidation range. A breakout above 23,470 with strength can lead to a move toward the Opening Resistance zone (23,588–23,613). Enter long positions only after a successful retest of this breakout. A breakdown below 23,437 could push the price toward Opening Support (23,339). Short positions can be initiated after confirmation. 💡 Risk Management Tip: Avoid overtrading in no-trade zones. Patience is key to spotting high-probability setups. Gap Down Opening (100+ Points Below) If Nifty opens below 23,339: Watch for buying opportunities in the Initial Support zone (23,250). If the price forms a bullish reversal pattern, consider entering long trades targeting the Opening Resistance zone (23,588–23,613). If selling pressure persists and Nifty moves toward the Buyer's Support Zone (23,057–23,094), this zone becomes crucial for long trades with tight stop losses. A breach of 23,057 with strong volume can lead to further downside. Avoid long trades until support is regained. 💡 Risk Management Tip: In gap-down scenarios, avoid catching falling knives. Use smaller lot sizes and wait for strong reversal signals before entering trades. Summary & Conclusion For a gap up, focus on levels above 23,613 and monitor the resistance zones carefully for breakouts or rejections. For a flat opening, wait for a breakout or breakdown from the No Trading Zone (23,437–23,470) to avoid false moves. For a gap down, be patient around Initial Support (23,250) or Buyer's Support Zone (23,057–23,094) for reversal trades. 💡 Options Trading Tip: Use OTM strikes near key levels for intraday trades. Always hedge your positions, especially in volatile conditions. Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult with your financial advisor before taking any trades. Trade responsibly!
NSE:NIFTY
by LiveTradingBox
#Nifty50 What Lies Ahead for Nifty & S&p500,13-17th Jan 2025The Nifty Index experienced a sharp decline this week, closing at 23,431, a significant 570 points below the previous week's close. While the index reached a high of 24,089, it ultimately succumbed to selling pressure, finding support at 23,344. As forecasted, the Nifty traded within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined within a range of 23,950 to 22,900 . Given the prevailing bearish sentiment, a potential short-term bounce could unfold next week to lure in unsuspecting buyers before a renewed downward move. Historically, whenever the Nifty has breached the support of the 50-week Exponential Moving Average (WEMA50), it has typically undergone a 5-6% correction. Based on the current level of 23,431, the Nifty may find crucial support near the 22,200-22,400 zone. Turning to the US markets, the S&P 500 found support at the 100-day Exponential Moving Average (DEMA100) level of 5,817 and closed at 5,827. The upcoming week will be pivotal. If the S&P 500 successfully defends the 5,807 low, a potential rally towards the 5,926-5,944 range could materialize. However, a weekly close below the 5,800 mark would signal a significant bearish turn for global markets, potentially triggering a deeper correction towards the 5,637 or even 5,504 levels. Wishing readers a very happy Lohri and Makar Sakranti.
NSE:NIFTYShort
by ssudhirsharma11
Nifty looking weak after closing below Mid-channel. Nifty looking very weak after closing below Mid-channel support and 50 weeks EMA Mother line support. Mother line support or the 50 Week EMA was at 23442 and the closing we got is at 23431. If Nifty does not recover quickly and claims the Mid-Channel and 50 Weeks EMA, we might be in for more fall with supports at 23273, 22800 (Major Support Zone). If we get a weekly closing below 22800 we will fall totally into bear territory. In such a scenario bears can drag Nifty further down to 22025, 21294 or even near channel bottom of 20813. 20813 will again be a major Parallel chanel bottom support. Resistances on the upper side will be at 23442, 23938, 24525 and 24948 before we can reclaime 25K levels. Later in the year when we get a closing above 25K levels we may again face the 25782, 26277 previous Nifty peak will be major resistances. Nifty channel top post recovery seems to be at 27255. We may reach there in hopefully by mid or end H2 2025. Value Investors can start looking out for bottom fishing and value buying opportunities specially in the Large and selective mid and small caps. 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 : Trading Plan and Levels for 10-Jan-2025 Introduction: Nifty has been consolidating within a defined range, with 23,622 acting as immediate resistance and 23,490 providing opening support. The "No Trade Zone" marked around 23,557-23,622 highlights areas of indecision where price movement lacks clarity. This trading plan evaluates different opening scenarios, including gap-up, flat, and gap-down openings, considering a gap of 100+ points. Scenarios for 10-Jan-2025: Gap Up Opening (100+ Points Above 23,622): If Nifty opens above 23,622: Monitor Retest of 23,622: A retest and hold of this level can be a potential opportunity to go long, with the first target at 23,787 and a stretch target at 23,843. Place a stop loss below 23,600 to protect capital. Failure to Hold 23,622: If the price fails to sustain above 23,622, expect a correction toward 23,557. Wait for a reversal signal before taking any fresh positions. Options Trading Tip: For a gap-up opening, consider buying call options close to the money if 23,622 holds as support. Avoid buying options with low liquidity. Flat Opening (Near 23,557): If Nifty opens near 23,557: Focus on Breakout or Breakdown: Let the price action settle for the first 30 minutes. A breakout above 23,622 offers a long opportunity, with targets at 23,787-23,843. Break Below 23,490: A breach of 23,490 could lead to a bearish move toward 23,364. Avoid long positions unless there’s a recovery signal around 23,490. Risk Management Tip: Use proper position sizing. Avoid risking more than 2% of your capital on any single trade. Gap Down Opening (100+ Points Below 23,490): If Nifty opens below 23,490: Watch for Reversal at 23,364: This support zone may attract buyers. Look for bullish reversal patterns to go long, targeting 23,490. Break Below 23,364: A breach below 23,364 could lead to a significant downside toward 23,251. Aggressive short positions can be taken only after confirmation with a stop loss above 23,364. Options Trading Tip: For a bearish gap-down, consider buying put options near resistance levels or selling call spreads for a safer risk-reward ratio. Summary and Conclusion: Nifty’s price action around 23,622 and 23,490 will determine the market’s trend for the day. Avoid trading within the "No Trade Zone" (23,557-23,622) unless a clear breakout or breakdown is visible. Risk management is key, especially in volatile conditions. Always use stop losses and stick to your trading plan. Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult your financial advisor before taking any trades. Trade responsibly.
NSE:NIFTY
by LiveTradingBox
Nifty Intraday Trade Setup | 9th January 2025Nifty opened with a gap-up, faced resistance exactly at our buy level 23750 and came down. Nifty broke sell level 23640 around 10:15 and hit all our targets on downside. We have seen recovery from 23500 levels in second half. Tomorrow, Buy Nifty if sustains above 23750 for the targets of 23800 and above marked level. On the other side, Sell Nifty if sustains below 23630 for the targets of 23580 and below marked level on the chart. Expectations: Range-bound day Intraday Levels: Buy Above - 23750 Sell Below - 23630 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
Bearish or Bounce Ahead? Here’s my detailed analysis and outlook for Nifty based on daily and weekly charts: Daily Chart Insights Trend: Nifty is in a clear downtrend with lower highs and lows since breaking 24,000. Currently consolidating near 23,500, which acts as a critical support zone. Volume Profile: High selling volume on down days shows persistent institutional pressure. Buyers are defending 23,500, but no strong confirmation of reversal yet. Key Levels: Resistance: 23,800-23,850: Immediate resistance with heavy Call OI. 24,050: Higher timeframe resistance. Support: 23,500: Immediate support. 23,400-23,350: Breach could lead to more downside. Indicators: RSI: Near oversold (~40), but no bullish divergence. Moving Averages: Below 50-DMA and 200-DMA, confirming bearish momentum. Weekly Chart Insights Trend: Downtrend continues, with Nifty failing to reclaim critical levels like 24,200. Last week’s bearish candle shows sellers remain dominant. Volume Profile: Increased selling volume on red candles confirms institutional sell-off. Buyers look weak below 23,500. Key Levels: Resistance: 24,000-24,200: Strong supply zone. 24,400: Major resistance for any upside rally. Support: 23,400-23,350: Breakdown could lead to 23,000. 23,000: Psychological and historical support zone. Indicators: RSI: Around 35, nearing oversold territory but with downside room. MACD: Bearish crossover confirms momentum on the downside. Prediction for the Month Bearish Case (High Probability): Failure to reclaim 23,800 could continue the downtrend. Breach of 23,500 may lead to: Target 1: 23,350. Target 2: 23,000. Bullish Case (Low Probability): Breakout above 23,800 could trigger a short-term rally: Target 1: 24,050. Target 2: 24,400. Outlook: The market remains moderately bearish for the next month unless strong buying emerges at 23,500 or a breakout above 23,800 occurs. What’s your view? Let’s discuss! Disclaimer: This is my personal analysis and not financial advice. Please trade responsibly.
NSE:NIFTY
by thirdeyecs
Prospects of Further downside in Nifty hanging by the thread. Pretty bad closing by Nifty today which has further downside in Nifty hanging by the thread. As you can see we are near the bottom of the pennant structure. If the downside is broken by any chance possibility of further downside can not be ruled out. However if the support of today's low is maintained possibility of upside will open up. Silver lining in the cloud is DII being on buying side and RSI has take an upward turn with closing above yellow line. The supports for Nifty now are at 23463 Bollinger lower band support, 23380 and 23365 (Final Support). Resistances on the upper side for Nifty are at 23682 (Bollinger mid band), 23722 (Mother line resistance), 23787 (Bollinger upper band), 23889 and finally 23980 (Father line resistance). Above 23980 closing the door for further up side will open. With Medium term targets being at 24073, 24103, 24232, 24302 and finally 24401. Above 24401 closing Bulls can jump back to business. 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 : 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
Nifty Intraday Trade Setup | 8th January 2025Nifty opened with a gap-up, came down and taken support near our buy level 23660 but Nifty traded in a range whole day today so it was a typical options sellers day. Tomorrow, Buy Nifty if sustains above 23800 for the targets of 23850 and above marked level. On the other side, Sell Nifty if sustains below 23640 for the targets of 23590 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23800 Sell Below - 23640 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
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 Intraday Trade Setup | 6th January 2025Nifty opened flat, morning opening price was the day high and Nifty started falling soon after open. Nifty made low around 23975 and closed new day low. Tomorrow, Buy Nifty if sustains above 24055 for the targets of 24105 and above marked level. On the other side, Sell Nifty if sustains below 23920 for the targets of 23850 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 24055 Sell Below - 23920 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
4
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