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.
Niftyprediction
#NIFTY Intraday Support and Resistance Levels - 01/01/2025Flat or slightly gap up opening expected in nifty. For today's session 23800 level will be the upside resistance for the nifty. Any major bullish rally only expected above this level. Downside 23550-23600 zone works as a support for today's session. Any major downside expected below this support zone. Between the 23550-23800 level consolidation movements possible in index.
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.
Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity Bearish Flag Breakdown in Nifty 50 – A Shorting Opportunity
🚨 Entry: Sell at 23,645
🚨 Stop Loss: 24,050
🚨 Target: 22,580
🚨 Risk-to-Reward Ratio: 1:3
🔍 Analysis:
The Nifty 50 has formed a classic bearish flag pattern, signaling potential downside momentum. A breakdown below 23,645 provides an ideal entry point for short-sellers, with a tight stop-loss to limit risk.
With a strong confluence of technical indicators pointing toward further downside, the target of 22,580 aligns with the measured move of the flagpole, offering an attractive risk-to-reward ratio of 1:3.
💡 Tip: Always adhere to your trading plan and risk management strategy. Never risk more than you can afford to lose.
---
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. I am not SEBI-registered. Please consult with your financial advisor before making any trading decisions. Trade responsibly!
---
What’s your view on this setup? Let me know in the comments below!
#NIFTY Intraday Support and Resistance Levels - 31/12/2024Flat opening expected in nifty. After opening if it's sustain above 23600 level then possible upside movement in starting session. Upside 23800 level will act a strong resistance for today's session. Major downside in nifty expected if it's gives breakdown of 23500 level. This downside rally can goes upto 23250 level in today's session.
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.
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.
#NIFTY Intraday Support and Resistance Levels - 30/12/2024Slightly gap up opening expected in nifty. After opening if nifty sustain above the 23850 level then expected upside rally upto the 24000+ level in today's session. Major downside expected if nifty not sustain above levels and starts trading below the 23800. This downside can goes upto the 23650 level.
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.
#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.
#Nifty50 Outlook for upcoming week 30-3rd Jan 2025The Nifty roared this week, gaining a solid 226 points, closing at a strong 23813! It reached a peak of 23938 before dipping to 23647. As predicted, the Nifty stayed within the 24100-23000 range, forming an interesting inside candle pattern. Excitingly, a bullish "W" pattern has emerged on the weekly chart!
If the Nifty can hold above the crucial 23900 level next week, we could see it trading between 24300 and 23400 . However, while a bounce is expected, the bearish Monthly chart might tempt big players to unload their positions. Stay alert!
Across the pond, the S&P500 took a 2.5% hit, closing at 5970 after reaching a high of 6049. The 5870-5850 support zone is critical. A breach could trigger a faster selloff, potentially testing the 5637/5551 support levels. For an upward move, the S&P500 needs to conquer 6050, paving the way for resistance levels at 6094/6142/6225.
Bottom line: Use any bounce next week as an opportunity to lock in profits. Stay informed and trade wisely!"
Wishing everyone a very happy & prosperous New Year.
#NIFTY Intraday Support and Resistance Levels - 27/12/2024Gap up opening expected in nifty above the 23850 level. After opening if it's sustain above this level then expected movement upto 24000 level. 23700-23850 levels are the consolidation zone for nifty. Any major downside expected below the 23700 level.
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.
#NIFTY Intraday Support and Resistance Levels - 26/12/2024Gap up opening expected in nifty near the 23800 level. Currently nifty trading in between the consolidation zone of 23700-23850 level. Any major directional rally only expected after breakout of this zone. Strong downside movement expected if nifty starts trading below 23700 level. Upside movement possible if nifty starts trading and sustain above the 23850 level.
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.
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):
#NIFTY Intraday Support and Resistance Levels - 24/12/2024Flat opening expected in nifty. After opening if nifty starts trading above 23800 level then possible it will consolidate in between 23800-24000 level. Below 23750 downside expected upto the 23500 level. 24000 level will act a strong resistance for today's session. Any upside rally can reversal from this level.