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NIFTY trade ideas

Nifty Impulsive Sequence Approaching Its EndThe Nifty Index has staged a notable recovery after a selloff that began on September 27, 2024, from a high of 21,748.65. We label this decline as wave (II), and the index has since turned upward. However, to confirm that the correction is over and avoid a potential double correction, the index must break above its previous peak of 26,277.35. The rally from the wave (II) low is expected to unfold as a five-wave impulse structure, a pattern commonly analyzed in Elliott Wave theory. Starting from the wave (II) low, the first wave (wave 1) peaked at 22,697.2, followed by a pullback in wave 2 that bottomed at 22,353.25. The index then surged in wave 3, which itself subdivided into a smaller impulsive structure. Within wave 3, the first sub-wave ((i)) reached 23,372.75, followed by a dip in wave ((ii)) to 23,273.05. The third sub-wave ((iii)) climbed to 24,242.6, with a brief pullback in wave ((iv)) to 24,126.95. The final sub-wave ((v)) concluded at 24,359.3, completing wave 3. A subsequent wave 4 pullback found support at 23,847.85. Currently, the index may achieve a few more highs, but the rally from the April 7, 2025, low appears mature and could soon face a three-wave correction. As long as the key support at 21,748.65 holds, any near-term pullbacks should find support in a 3, 7, or 11-swing pattern, setting the stage for further upside.
NSE:NIFTY
by Elliottwave-Forecast
Nifty EOD Analysis – May 3, 2025 Monday🟢 Nifty EOD Analysis – May 3, 2025 Monday🔴 A positive open... but no follow-through. Still stuck in consolidation. 📊 Nifty Summary Nifty opened with a gap up of 72 points at 24,420, marking the first open above 24,365 in the last 7 sessions — a positive sign. However, the enthusiasm lacked momentum. Price struggled to cross the resistance at 24,526, and the index drifted back toward the mean, trading the entire day between the initial balance (IB) range and hovering around VWAP. 🔹 Intraday Movement: Just 125 points, the smallest in the last 12 sessions — a clear sign of contraction. 🔹 Closing: 24461 closing is the first closing above 24365 in the last 7 sessions. 🔹 Structure: Daily candle formed an Inside Bar, signaling potential energy buildup. 📌 Strategy Forward: Stay alert for an expansion move from this coil — contraction often precedes sharp action. 📌 5 Min Time FrameChart 📌 Daily Time FrameChart 🕯️ Daily Time Frame Chart & Candle Breakdown 🔍 Today’s Candle Type: Spinning Top with a long upper wick Candle Definition: A Spinning Top reflects market indecision — both bulls and bears attempted moves, but neither gained dominance. A long upper wick with a narrow body often signals failed bullish momentum or fading enthusiasm. 📌 Today’s OHLC: Open: 24,419.50 High: 24,526.40 Low: 24,400.65 Close: 24,461.15 Change: +114.45 (+0.47%) 🧱 Candle Structure: 🔹 Real Body: 🟢 Green candle with a modest body → 24,461.15 – 24,419.50 = 41.65 pts 🔹 Upper Wick: 24,526.40 – 24,461.15 = 65.25 pts 🔹 Lower Wick: 24,419.50 – 24,400.65 = 18.85 pts 📖 Candle’s Interpretation: Despite a strong open and attempt to push higher, the resistance at 24,526 capped the move. The long upper wick shows that buyers lacked follow-through strength, and the close back near the middle of the range indicates a market still stuck in balance. 📉 The Inside Bar + Narrow Range combo is a potential signal for volatility ahead — traders should watch closely for a breakout from this range. ⚔️ Gladiator Strategy Update 📊 Strategy Parameters: ATR: 303.46 IB Range: 110.65 pts IB Category: Medium IB Market Structure: Balanced 📌 Trade Highlights: Trade Count: 0 ❌ No Trigger generated by the system — a no-trade day. 🧠 Note: In contraction phases, it’s common to get fewer setups. Patience is key. 🔮 What’s Next? Markets are coiling tightly, and an expansion move is likely around the corner. As long as price holds above the 24,330–24,360 band, bulls have hope — but conviction is needed above 24,540. 🧱 Support & Resistance Levels 🔺 Resistance Zones: 24,480 ~ 24,540 (Includes psychological level: 24,500) 24,590 (PDH – Immediate hurdle) 24,800 🔻 Support Zones: 24,400 (CDL) 24,330 ~ 24,360 24,190 ~ 24,225 (Immediate Support) 24,120 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
"Nifty 50 at a Crossroads: Rising Wedge Signals Breakout or Brea* A **rising wedge** pattern is clearly forming, marked by two upward sloping blue trendlines. * Inside this wedge: * Multiple **price swings** (higher highs and higher lows) are visible. * Recent breakout attempts are marked with zig-zag arrows showing potential breakout direction 📈 **Bullish Signals:** 1. **Strong Uptrend:** * A sustained rally from \~23,000 up to the current levels (\~24,500) indicates strong bullish momentum. 2. **Breakout Potential:** * Price is attempting to break out above the rising wedge pattern. * Immediate **bullish target zone** is around **24,596 to 24,754**, marked with a green "Target" label. 3. **Volume Surge:** * Recent bullish candles are supported by increased volume, suggesting real interest in the breakout. 📉 **Bearish Risks:** 1. **Rising Wedge Risk:** * Rising wedge patterns often lead to **bearish breakdowns**. * If the support of the wedge is broken, the **first downside target** is marked at **24,369**, and **next support** at **24,291**. 2. **Volume Divergence:** * Although there's some volume on bullish moves, the consistency is lacking compared to the strong rally before April 23. **Key Price Levels:** | 24,754.90 | Resistance | Upper range of rising wedge (target) | | 24,596.40 | Resistance | First bullish target zone | | 24,520.00 | Minor Resistance | Recent swing high | | 24,369.45 | Support | First bearish target if wedge breaks | | 24,291.25 | Key Support | Critical support, below wedge trendline | | 23,786.80 | Strong Support | Previous consolidation breakout zone | **Conclusion:** * The Nifty is in a **tight rising wedge**, typically a **bearish** reversal pattern. However, if bulls can push past **24,520–24,596**, it may invalidate the pattern and open further upside. * Until a confirmed breakout or breakdown occurs, traders should remain cautious and wait for **volume-backed confirmation**.
NSE:NIFTY
by Price_actiontaker14
Nifty levels - May 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NIFTY50.....Buying panic all around! Hello Traders, the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points! Here, a wave iii (blue) ended! Chart analysis: If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While triangles are the most often failed chart patterns during a wave iv of any degree is, we will focus on the a-b-c correction! So, one higher high is still missing, but I guess the next high will be just a wave ((i)) of v (blue) with more highs to come! As I am in a hurry, only a short update today. I'll try to publish another update by Wednesday. Have a great Sunday..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
3
"Auto Support & Resistance + Fixed Range Volume Profile + Techni"Auto S&R + Volume Profile + Tech Ratings combines multi-timeframe technical signals with automatically plotted support and resistance levels. It features: Dynamic volume-based breakout detection Fixed Range Volume Profile with Point of Control Pivot-based auto support/resistance levels Multi-timeframe technical rating summary Ideal for intraday and positional traders looking for strong confluence zones and trend confirmation."
NSE:NIFTY
by vasanthkvk
Weekly Market Wrap Nifty, Mid & Small Caps, and S&P 500 OutlookNifty ended the week on a strong bullish note, closing at 24,346, up by 307 points from the previous week. The index traded within a tight range, hitting a high of 24,589 and a low of 24,054, aligning perfectly with my projected range of 24,650–23,400. 📌 Key Technical Levels to Watch: Nifty closed just below a crucial Fibonacci resistance at 24,414. A daily close above 24,414 next week could open the door for a sharp move towards the next major resistance at 24,770. While my system suggests a broader range of 24,900–23,800, I personally hope for a healthy consolidation to cool off some momentum—paving the way for a stronger, faster rally in the coming weeks. Caution Zone: A break below 23,800 might signal the return of bears, potentially dragging the index down to test critical support at 23,200/23,100. Midcap & Smallcap Watch: I’ve received a lot of queries about Midcap and Smallcap indices, and here’s the honest truth—they remain in a 'no-trade' zone. Despite Nifty's strength, the rally hasn’t lifted most Mid & Small Cap stocks. 👉 Investors holding quality, fundamentally strong stocks in these segments should stay calm, but avoid high PE or overvalued stocks until we get a clear monthly buy signal on the charts. 🌍 Global Markets – S&P 500 Analysis: The S&P 500 closed the week at 5,686, just above the strong Fibonacci level of 5,637. Sustaining above this level could lead to a rally toward 5,770/5,821. However, a failure to hold this support might trigger a 2–3% pullback, which could ripple across global markets, including India. 📣 Bottom Line: Nifty bulls need a close above 24,414 to push higher. Mid & Small Cap space remains tricky—stay selective. Watch global cues, especially from the US, for broader market direction. Stay nimble, stay informed. ✅
NSE:NIFTY
by ssudhirsharma11
NIFTY Analysis for 5th MayIn M15 chart we can see market is bullish as recently candles have created BOS (Break Of Structure). So, we have to find buying opportunity. Now how can we get the long entry? For that we have to wait for a while to make the proper structure of candles. If the price sweep the IDM (X) (Inducement) level 24197 and form any rejection candle, we can take the entry here or else we have to wait until the market hit the demand zone. In conclusion, Demand zone entry is much safer than the previous entry.
NSE:NIFTYLong
by Parthasarathi_Dey
Nifty EOD Analysis – May 2, 2025 - Friday🟢 Nifty EOD Analysis – May 2, 2025 (Friday)🔴 Another day... tug-of-war between buyers and sellers 📊 Nifty Summary Another one-day tug-of-war between buyers and sellers. As usual, morning momentum — driven by buyers and short-covering — pushed the index into a bullish zone. However, profit booking and seller dominance dragged it back down, ultimately parking Nifty again in the 24,330 ~ 24,365 zone — now the 4th straight session closing within this narrow range. Nifty opened on a bullish note at 24,311 and launched into a swift rally, breaching multiple resistance zones and clocking a new high at 24,589 within the first hour. However, the enthusiasm faded quickly. Sellers stepped in aggressively, and all the major support levels crumbled one by one. What started as a breakout turned into a breakdown. The index drifted lower and spent the rest of the session stuck in a narrow zone of 24,330–24,365 — now for the fourth session in a row! The close at 24,346 reflects indecision and caution ahead of next week’s events. 📌 5 Min Time FrameChart 🕔 Intraday 5-Min Chart (Price Walkthrough) 🔹 Opened at 24,311 and rallied sharply to 24,589 — breaching multiple resistance zones. 🔹 Sellers took control and dragged the index back below 24,400. 🔹 Breakdown through all major support levels including PDH, CPR, and CDL. 🔹 Post-lunch session remained directionless between 24,330–24,365. 🔹 Fourth consecutive close inside this compression zone. 📌 75 Min Time FrameChart ⏱️ Intraday 75-Min Time Frame Chart 📐 First two candles formed a bullish setup, but the third candle completely reversed the gains, forming an Inside Bar breakdown trap. The remaining candles failed to break out of the previous range, with momentum fading. ⚠️ A breakout (or breakdown) from this compression is now imminent — keep your eyes on the next session for direction. 📌 Daily Time FrameChart 🕯️ Daily Time Frame Chart & Candle Breakdown 📈 Today’s Candle Type: Spinning Top with long upper wick 🟢 Open: 24,311.90 🔺 High: 24,589.15 🔻 Low: 24,238.50 🔚 Close: 24,346.70 📊 Change: +12.50 (+0.05%) 🧠 Know Your Candle: A Spinning Top reflects market indecision — the long wicks show strong attempts by both bulls and bears, but neither managed to dominate. Upper Shadow: 242.45 pts → Strong selling from highs Lower Shadow: 73.40 pts → Mild buying near lows Real Body: 34.80 pts → Modest positive close 🔍 Interpretation: Despite an early morning breakout, the close back in the congestion zone signals a lack of directional strength. The long upper wick reflects failure to hold higher ground — bias slightly tilting bearish unless this zone is broken with conviction. ⚔️ Gladiator Strategy Update 📌 Strategy Parameters: ATR: 317.21 IB Range: 270.30 IB Category: Medium IB Market Structure: Balanced 📊 Trade Summary: ✅ 1st Trade (Long): Triggered at 9:25 – Target Achieved (1:2 RR) ❌ 2nd Trade (Short): Triggered at 12:25 – SL Hit 🔮 What’s Next? The bias remains neutral to slightly bearish. Despite a strong upside in the first hour, the repeated failure to sustain above 24,400 and four closes within 24,330–24,365 suggest exhaustion. A breakout from this tight coil should give a clear move — wait for confirmation. 📌 Support & Resistance Levels 🔺 Resistance: 24,330 ~ 24,360 (Immediate hurdle) 24,400 (PDH) 24,457 24,480 ~ 24,540 24,589 (CDH) 24760 ~ 24,800 🔻 Support: 24,190 ~ 24,225 24,120 24,050 24,000 ~ 23,950 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 💬 Final Thoughts “Range traps continue to fool both sides — momentum without conviction is just noise.” Watch the compression zone — a genuine breakout or closing above 24,365 or breakdown below 24,225 could bring clarity. Until then, trade light and watch levels. ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia