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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
NIFTY : Trading Levels and Plan for 02-Jan-2025WISH YOU ALL A VERY HAPPY NEW YEAR 2025 Introduction In the previous trading session, we analyzed Nifty's key support and resistance levels for 1-Jan-2025. The chart provided a clear view of potential price movements under various scenarios. Yellow trends indicated sideways movement, green trends represented bullish behavior, and red trends highlighted bearish trends. Based on the chart for 1-Jan-2025, the actual price action unfolded as expected, staying within the highlighted zones and offering valuable insights for traders. Trading Plan for 2-Jan-2025 Gap-Up Opening (100+ points) If Nifty opens with a gap-up above 23,837 (No Trade Zone's upper band), observe the first 15-minute candle for confirmation. If the price sustains above 23,837, expect a bullish trend targeting the Resistance Zone at 23,998 and further towards 24,068 for profit booking. Place a stop loss just below 23,837 to manage risk and protect capital. If the price fails to sustain above 23,837, expect a potential pullback towards the No Trade Zone. Monitor closely for any reversals within the zone. Avoid taking positions inside the No Trade Zone unless a clear breakout or breakdown is visible. Flat Opening If Nifty opens flat near 23,758 (current market price), observe the price action for the first 15 minutes. A breakout above 23,837 indicates bullish momentum towards 23,998 and 24,068, following the same plan as the gap-up scenario. A breakdown below 23,699 (No Trade Zone's lower band) may signal a bearish move towards the Opening Support Zone at 23,617–23,640 and further towards 23,537. Place a stop loss just above the breakdown or breakout levels to manage risk. Wait for a confirmation candle (closing basis) before entering trades to avoid false signals. Gap-Down Opening (100+ points) If Nifty opens with a gap-down below 23,699, observe the first 15-minute candle for confirmation. If the price sustains below 23,699, expect a bearish continuation targeting the Opening Support Zone at 23,617–23,640 and further towards the critical support at 23,537 (reversal zone). Place a stop loss above 23,699 to manage risk. If the price fails to sustain below 23,699, anticipate a pullback towards 23,837 and monitor for potential reversals in this region. Avoid taking impulsive trades at open; let the levels guide your entries and exits. Risk Management Tips for Options Trading Always use stop losses to minimize potential losses. Avoid over-leveraging; trade within your capital limits and risk tolerance. Monitor implied volatility and time decay when trading options. Diversify your trades to reduce exposure to single-direction risks. Stick to your plan and avoid emotional decisions. Summary and Conclusion The trading plan for 2-Jan-2025 revolves around identifying key levels and understanding price behavior under various opening scenarios (Gap Up, Flat, or Gap Down). The No Trade Zone highlights areas to avoid unless clear trends are visible. Follow the highlighted trends: yellow for sideways, green for bullish, and red for bearish movements. By employing proper risk management and adhering to this plan, traders can make informed decisions and navigate market conditions effectively. Disclaimer : I am not a SEBI-registered analyst. This trading plan is for educational purposes only and should not be construed as financial advice. Always conduct your research and consult a professional financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Review & Analysis - DailyPrice Action : Nifty opened at previous day's close and tested pivot level finding buying around 23565 levels and rallied almost 200 points till 23775 levels and saw small profit booking. Post noon saw buying around 23700 levels and tested above 23800 and saw small profit booking towards end of the day loosing momentum. If sustained below 23800 can again test 23700-23730 levels and above 23820 if sustained can test 23950 levels. Trend: Nifty formed Higher High and Higher Low suggesting Long Trend Options Data: 23700-800 Puts added Open Interest showing support. 23700 and 23900 CE shedded OI, don't have much resistance till 24050-100 levels. Futures Data: Nifty Futures closed positively with Increase in Open Interest suggesting Bullish Outlook for Next Session: Nifty looks Bullish above 23800 for tgt 24000-24050. (for next wkly expiry) Positons: Wait for 30min candle close above 23800 to go long for tgt 24000.
NSE:NIFTYLong
by Sandeep_CA
NIFTY ForecastThis is a long term forecast and path I see for NIFTY 50. Of course it would not be in straight line. But I see a 50% decline in Nifty between now and June 2026. It would be a pretty painful 2025 and 2026 for India. All the best. Marketpanda Disclaimer: The information provided is for general informational and educational purposes only, and does not constitute financial, investment, or legal advice. None of the content shared should be relied upon as the sole basis for making investment decisions. Prior to making any financial or investment decisions, it is strongly recommended that you consult with a qualified financial advisor, accountant, or other professional who is familiar with your individual circumstances and risk tolerance. Any reliance you place on the information presented is strictly at your own risk, and we are not responsible for any losses, damages, or liabilities resulting from your investment or trading activities.
NSE:NIFTYShort
by marketpanda123
NIFTY : Trading levels and Plan for 31-Dec-2024[ Intro: Review of Previous Plan (30-Dec-2024) Check plan V/s Actual performance for 30-Dec-2024 here : . b]Trading Plan for Nifty - 31-Dec-2024 Key Color Codes in the Plan: Yellow Trend: Sideways Green Trend: Bullish Red Trend: Bearish Trading Plan for 31-Dec-2024: Scenario 1: Gap-Up Opening (100+ points above 23,768) If Nifty opens above 23,768 , the price is expected to move towards the Last Resistance for Intraday (23,866) . Observe price action near 23,866 ; a breakout with sustained volume can trigger a long position targeting the Resistance for sideways at 24,010–24,058 . If rejection occurs at 23,866 , look for bearish patterns (e.g., evening star or bearish engulfing). Initiate a short trade with a target of 23,737 . Place a stop-loss 20 points beyond the breakout/rejection level to manage risk. Scenario 2: Flat Opening (23,636–23,768) A flat opening indicates indecision, and the market is likely to remain within the Yellow sideways zone . Avoid trading aggressively in the Opening Resistance/Support zone (23,737–23,768) . Wait for a breakout above 23,768 to initiate long positions , targeting 23,866 . On the downside, a breakdown below 23,636 could lead to bearish momentum towards the Buyer’s Support zone at 23,427 . Initiate short trades if the price sustains below 23,636 , with a stop-loss above 23,700 . Scenario 3: Gap-Down Opening (100+ points below 23,604) A gap-down below 23,604 could lead to bearish pressure, testing the Buyer’s Support zone at 23,427 . Observe reversal patterns (e.g., hammer or bullish engulfing) at 23,427 . If confirmed, initiate long trades targeting 23,604 . If the support fails, further bearish action could drive the price towards 23,320 . Enter short trades on confirmation of the breakdown, with a stop-loss above 23,500 . Risk Management Tips for Options Trading: Focus on in-the-money options to reduce the impact of time decay in sideways markets. Use hedged strategies like iron condors to capitalize on low volatility within the sideways trend. Always calculate your maximum loss and ensure it does not exceed 2% of your trading capital . Avoid holding positions overnight without clear directional bias in the market. Summary and Conclusion: The key levels for tomorrow’s trading session are 23,768 on the upside and 23,427 on the downside. Patience is critical within the Yellow sideways zone ; wait for clear breakouts or breakdowns. Use defined stop-loss levels to minimize risk and maximize reward. Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Please conduct your analysis or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Nifty analysis for intraday 31/12/2024.Nifty has been trading in a range for the last 7 trading sessions. Index is trading around the 20 EMA and giving sharp recovery on both sides. Today it has closed below the moving averages. If the market starts trading below the No trading zone, bearish entry can be created for next support levels. On the upper side the break out 23900 can clear the round number figure and test the Daily 20 EMA. Wait for the price action near the levels before entering the trade.
NSE:NIFTY
by TheMamboMomentum
Nifty after multiple efforts not able to close above 23900.Nifty again tried to climb up and made a high of 23915 however there was tremendous selling pressure at that level and not only it could not sustain 23900 but also it failed to sustain 23800 or even 23650 levs. Nifty closed at 23644 levels. This is a closing below the Father line (200 days EMA) which was at 23693. This closing is indicative of weakness. Shadow of the candle has turned negative as of now. There is a strong support at 23567. If this support is broken the door way towards 23273 or even 22800 will open up. Relative strength index is 37.40 and RSI support is at 30 and 27.54 levels. Incase of positive closing tomorrow which looks little difficult as of now the resistances will be at 23650, 23693 (Father Line), 23809, 23961 and finally 24159 and finally Mother line (50 Days EMA) Resistance at 24266. So as of now it looks like we will have a modest close for the year. It has been an year for Nifty which Amplifies with 'what could have been'. Right now we are around 10% of the peak and at 9% yearly gains as compared to yearly closing. Hoping that law of averages catches up next year and we reach new highs next year and close the year robustly. 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:NIFTY
by Happy_Candles_Investment
NIFTY : Trading levels and Plan for 30-Dec-2024Trading Plan for Nifty - 30-Dec-2024 Intro: Review of Previous Plan (27-Dec-2024) In the previous trading plan, we highlighted key zones, including the No Trade Zone (23,761–23,830) , the Last Intraday Resistance (24,010–24,058) , and the Buyer’s Support at 23,427 . As evident in the uploaded chart, Nifty traded within the highlighted zones, respecting the identified levels. The sideways momentum (Yellow trend) continued for most of the session, and an intraday attempt to breach the resistance zone was met with selling pressure, resulting in a close near the No Trade Zone. Key Color Codes in the Plan: Yellow Trend: Sideways Green Trend: Bullish Red Trend: Bearish Trading Plan for 30-Dec-2024: Scenario 1: Gap-Up Opening (100+ points above 23,930) If Nifty opens above 23,930 , the market will be entering a bullish momentum zone. Look for a retest of the 24,010–24,058 resistance zone. If the resistance is broken and sustained (hourly close above 24,058), initiate a long position targeting the retracement profit-booking resistance at 24,310 . Place a stop-loss below the breakout level at 23,980 . If the resistance holds, wait for rejection signals (red bearish candles) to initiate a short trade with a target of 23,761 . Scenario 2: Flat Opening (23,800–23,850) A flat opening indicates consolidation within the No Trade Zone (23,761–23,830) . Avoid aggressive entries until Nifty decisively breaks out of the zone. A breakout above 23,830 may signal a bullish move toward 24,010 . Look for confirmation with volume before entering a long trade . On the downside, a breakdown below 23,761 could push Nifty toward 23,636 , the Last Intraday Support. In this case, initiate a short position with a stop-loss above 23,800 . Scenario 3: Gap-Down Opening (100+ points below 23,730) A gap-down opening below 23,730 signals bearish momentum. Observe if the price approaches the Buyer’s Support at 23,427 . If the support holds, watch for reversal patterns (e.g., hammer or bullish engulfing) to initiate a long position targeting 23,761 . A breakdown below 23,427 could extend the bearish trend to 23,300 or lower. Initiate a short trade if the breakdown is confirmed with a stop-loss above 23,500 . Risk Management Tips for Options Trading: Use defined risk strategies such as debit spreads to limit potential losses. Avoid holding positions close to expiry to reduce time decay impact. Trade with 1–2% of your total capital per trade to manage exposure. Be cautious of high IV (Implied Volatility) spikes during gap openings. Summary and Conclusion: The plan emphasizes trading with confirmation signals and respecting highlighted zones. Stay disciplined in the No Trade Zone to avoid unnecessary risks. Follow the breakout and breakdown scenarios with defined stop-loss levels to maintain a favorable risk-reward ratio. Disclaimer: I am not a SEBI-registered analyst. All views are for educational purposes only. Traders are advised to do their analysis or consult with a financial advisor before making trading decisions.
NSE:NIFTYLong
by LiveTradingBox
#NIFTY50 TRADE SETUP - 30TH DECEMBER !!Nifty 50 Chart Analysis - 1 day Chart VieW NSE:NIFTY Nifty 50 Chart Analysis - Detailed Breakdown Key Observations: 1. Current Price Zone: The Nifty index is trading at 23,832, with the price consolidating near recent lows. 2. Key Resistance Zones: - 24,197.50: A significant resistance level, aligning with prior price rejections and a potential reversal area. - 24,069.95: Intermediate resistance that needs to be cleared for bullish continuation. 3. Key Support Zones: - 23,586.25: A strong support zone where buyers might step in, preventing further downside. - 23,262.15: A deeper support level, marking the lower boundary of the recent bearish structure. 4. Market Sentiment: The price action indicates uncertainty, with equal probabilities of breakout above the resistance or breakdown below support. Price Movement Summary: - Upside Potential: A breakout above 24,197.50 could push the index towards 24,300+ levels. Thiszone has been highlighted in the chart as a bullish target area (marked in red box). - Downside Risk: If the index breaks below 23,586.25, it could test 23,262.15 or lower, as depictedin the bearish target zone. Trading Plan: 1. Bullish Plan: - Entry: Above 24,069.95. - Target 1: 24,197.50. - Target 2: 24,300+. - Stop-Loss: Below 23,961.55 (current pivot zone). 2. Bearish Plan: - Entry: Below 23,586.25. - Target 1: 23,536.60. - Target 2: 23,262.15. - Stop-Loss: Above 23,832.45. Summary: - Nifty is at a critical juncture, with immediate resistance at 24,069.95 and support at 23,586.25. - Traders should wait for confirmation (breakout or breakdown) before initiating positions. - Risk management is crucial as the index approaches year-end volatility. Disclaimer: This content is for educational purposes only. It is not a recommendation to buy or sell any financial instrument.The creator is not a SE-BI-registered advisor. Please consult with a certified professional before making investment decisions.
NSE:NIFTYLong
by thetradeforecast
1
NIFTY : Trading levels and plan for 27-Dec-2024Trading Plan for Nifty – 27-Dec-2024 Intro: Yesterday's Plan vs. Actual In yesterday’s plan, we highlighted the Golden Retracement Zone (23,603-23,703) and Last Resistance Zone for Intraday (23,891) as key levels to watch. The market opened near the consolidation zone (Yellow Trend), showing initial resistance at 23,760. The breakout towards 23,891 confirmed our bullish outlook (Green Trend), while reversals near the Profit Booking Zone (24,018-24,058) validated the importance of profit-taking zones. Let’s now craft a detailed plan for 27-Dec-2024, keeping education and execution in focus. Detailed Trading Plan for 27-Dec-2024 Gap-Up Opening (+100 points or more above 23,850): A significant gap-up indicates strength, with Nifty likely testing the Last Resistance Zone for Intraday at 23,891. Sustained trading above 23,891 could lead to a rally toward the Profit Booking Zone at 24,018-24,058. This zone should be treated as a target for intraday traders, with potential reversals expected near 24,058. ⚠️ Action Plan: Avoid chasing the gap-up blindly. Instead, wait for a retest of 23,891 for long entries. If the price holds, aim for 24,018 and beyond. 💡 Risk Management Tip: Use trailing stop losses for options trades near resistance zones to lock in profits. Flat Opening (Near 23,760-23,850): A flat opening suggests indecision, with Nifty likely oscillating within the Golden Retracement Zone (23,703-23,760) initially. A breakout above 23,760 could push the index towards 23,891, while a breakdown below 23,703 may trigger bearish momentum towards 23,608. ⚠️ Action Plan: Observe the first 30 minutes of price action. For bullish trades, wait for confirmation of a breakout above 23,760. For bearish trades, look for rejection at 23,703, targeting lower levels. 💡 Risk Management Tip: Straddle or strangle strategies in options can be effective in such scenarios to capture directional moves. Gap-Down Opening (-100 points or more below 23,760): A gap-down opens the door for bearish moves, with immediate support at 23,608. A breakdown below 23,608 can extend the decline towards the Last Support Zone at Extended Retracement (23,495-23,446). Watch for potential reversals in this demand zone for contrarian trades. ⚠️ Action Plan: Avoid panic selling at the open. Look for a bounce at 23,495 for long entries with tight stop losses. If bearish momentum sustains below 23,495, initiate short trades targeting lower levels. 💡 Risk Management Tip: For bearish trades, consider bear put spreads to manage risk in a trending market. Summary and Conclusion For 27-Dec-2024, the key levels to watch are 23,891 on the upside and 23,608 on the downside. Gap-up openings need patience for confirmation, while flat and gap-down scenarios offer better risk-reward opportunities. Manage your trades with proper hedging strategies and always prioritize disciplined exits.
NSE:NIFTYLong
by LiveTradingBox
NIFTY : Trading Plan and level for 26-Dec-2024Trading Plan for 26-Dec-2024 – Nifty Introduction: The trading plan for 25-Dec-2024 focused on critical zones identified on the uploaded chart. The Golden Retracement Zone (23,603–23,703) acted as a pivot for potential reversals, while the Last Resistance Zone for Intraday (23,891–23,933) served as a crucial barrier. The day saw the index testing the retracement zone, respecting support at 23,608 , and moving toward the resistance zone. The Yellow, Green, and Red trends indicated sideways, bullish, and bearish phases, respectively, providing actionable setups. Today’s plan builds on these zones with further analysis. Scenario 1: Gap-Up Opening (200+ Points) If Nifty opens above 23,933 : The index enters the Profit Booking Zone (24,043–24,078) , where strong resistance can lead to rejection ( Red Trend ). A sustained move above 24,078 could trigger bullish momentum ( Green Trend ). Action Plan: Look for shorting opportunities near 24,043 with a stop-loss above 24,100 , targeting 23,891 . If prices sustain above 24,078 , initiate long positions with a target of 24,200+ . If Nifty retraces back into the Last Resistance Zone (23,891–23,933) , watch for consolidation ( Yellow Trend ). Scenario 2: Flat Opening (Within 50 Points) If Nifty opens near 23,730–23,760 : Monitor price action at the Retracement Zone (23,608–23,703) . Action Plan: A breakdown below 23,608 can trigger bearish momentum toward 23,495 . Initiate shorts with a stop-loss above 23,640 . If prices sustain above 23,703 , look for long positions targeting 23,891 . Wait for the first 15-30 minutes for market sentiment before initiating trades. Scenario 3: Gap-Down Opening (200+ Points) If Nifty opens near 23,495–23,446 : The Last Intraday Support Zone is critical. Watch for bounce signals ( Green Trend ). Action Plan: Go long above 23,495 with a target of 23,608 . Use a stop-loss below 23,430 . If prices break 23,446 decisively, expect bearish momentum toward lower levels ( Red Trend ). Avoid aggressive trades until a clear direction is established. Risk Management Tips for Options Trading: Always trade with defined targets and stop-losses . Avoid over-leveraging, especially near resistance and support zones. Allow the market to settle for at least 15-30 minutes before initiating trades. Use trailing stop-losses to protect profits in trending moves. Trade with appropriate position sizing to limit losses. Summary and Conclusion: Nifty is trading near critical levels, and today’s trading plan highlights actionable zones for all opening scenarios. Focus on Golden Retracement and Resistance Zones for probable reversals and momentum plays. Patience and disciplined execution with proper risk management are key to capitalizing on market opportunities. Disclaimer: I am not a SEBI-registered analyst. This trading plan is shared purely for educational purposes. Traders are advised to conduct their research or consult a financial advisor before taking any positions.
NSE:NIFTYLong
by LiveTradingBox
NIFTY 50 26th DECEMBER 2024Stop-Loss (Red Zone)(23670): Your stop-loss is set below the recent swing low, which is a good strategy as it protects against potential downside movement if the price reverses. Entry Zone:(23700) It seems you are entering a long position (buy) in a consolidation phase after the price formed a possible higher low. This suggests you expect the price to move up toward the targets. Target Levels (Green Lines): 1st Target (23,910.70): This is a reasonable target, as it aligns with a previous resistance zone (from the left side of the chart). If the price reaches this level, a partial profit booking strategy can be applied. 2nd Target (23,965.75): This is just above the 1st target, closer to the next resistance level. It's a logical continuation of the trend if momentum sustains. 3rd Target (24,010.20):
NSE:NIFTY
by trade_geeks
NIFTY : Trading Levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024) - Nifty: In today’s session, Nifty closely followed the levels and zones highlighted in the trading plan: The index opened within the Opening Resistance/Support Zone (No Trade Zone) , as indicated in the plan. Price action remained muted here, showing indecision, aligning with the expectation of limited opportunities in this area. The attempted move towards the Last Intraday Resistance Zone (23,953-24,058) failed, with prices reversing near resistance, confirming the bearish projection (red trend). Later in the session, the index approached the Buyer’s Support Zone (23,194-23,281) . Prices showed signs of stabilization, reflecting the plan's green trend projection for potential reversal or support testing. Key Takeaway: The plan accurately captured the market's reaction to critical levels, reinforcing the importance of patience in the No Trade Zone and the effectiveness of the support/resistance zones for planning entries. This reflects the value of adhering to a well-defined trading framework. This analysis will help us prepare for the trading day on 24-Dec-2024, considering different opening scenarios. Trading Plan for 24-Dec-2024 Gap Up Opening (100+ points above 23,747.20) If the market opens above 23,847.20, it indicates a strong bullish sentiment. The first resistance level to watch is 23,863.00 (Opening Resistance). If the price sustains above this level, the next target is 23,976.00 (Last Intraday Resistance for retracement). In case the price breaks above 23,976.00, the next target is 24,009.00. A sustained move above this level can lead to the Profit Booking zone at 24,128.00. If the price fails to sustain above 23,863.00, look for a potential retracement to 23,739.30. This could indicate a sideways trend (yellow line) or a bearish reversal (red line). Flat Opening (around 23,747.20) A flat opening suggests indecision in the market. The immediate level to watch is 23,739.30. If the price holds above this level, it could indicate a bullish trend (green line) towards 23,863.00. If the price breaks below 23,739.30, the next support level is 23,611.00 (Opening Support Zone at Buyer’s retracement zone). A break below this level could lead to a bearish trend (red line) towards 23,547.00. Monitor the price action around 23,863.00 for potential resistance. A break above this level could lead to targets of 23,976.00 and 24,009.00. Gap Down Opening (100+ points below 23,747.20) A gap down opening below 23,647.20 indicates bearish sentiment. The first support level to watch is 23,611.00. If the price holds above this level, it could indicate a potential retracement (yellow line) towards 23,739.30. If the price breaks below 23,611.00, the next target is 23,547.00. A sustained move below this level could lead to further downside towards 23,447.00. In case of a retracement, monitor the price action around 23,739.30 for potential resistance. A break above this level could lead to targets of 23,863.00 and 23,976.00. Risk Management Tips for Options Trading Always use stop-loss orders to limit potential losses. Avoid over-leveraging your positions; trade within your risk tolerance. Diversify your trades to spread risk across different assets or strategies. Keep an eye on implied volatility, as it can significantly impact options pricing. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 24-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. By understanding the potential price movements and trends (yellow for sideways, green for bullish, and red for bearish), traders can make informed decisions. Always practice good risk management to protect your capital. Disclaimer : I am not a SEBI registered analyst. This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
NSE:NIFTYLong
by LiveTradingBox
Nifty Intraday Trade Setup | 24th DecemberNifty opened with gap-up around 23740 and after consolidating Nifty went up but 23870 acted as strong rejection zone and we saw more than 200 points fall from day high. Tomorrow, Buy Nifty if sustains above 23830 for the targets of 23880 and above marked level. On the other side, Sell Nifty if sustains below 23650 for the targets of 23590 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23830 Sell Below - 23650 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
#NIFTY50 - 24TH DECEMBER !!NSE:NIFTY NIFTY CHART ANALYSIS (24TH DEC) Important Levels: 1. Resistance Levels: - 24,259.50: Key resistance zone where selling pressure might build. - 23,926.95: Immediate resistance near the current price. 2. Support Levels: - 23,398.85: Major support level below the current price where buyers could step in. 3. Trendline: - A downward trendline acts as dynamic resistance, connecting lower highs and reinforcing the bearish momentum. Analysis: - The price is in a bearish trend, consistently making lower highs and lower lows. - Current Scenario: The price is near the trendline and could face rejection, continuing the downward move toward 23,398.85. - Alternative Scenario: A breakout above the trendline might invalidate the bearish setup, potentially leading to a test of 23,926.95 or higher. Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1