Market indices
Long FTSE100After a sharp regression I believe this will now bounce off the two support as indicated.
SL Indicated as red Lines
TP as green Lines.
nifty view for 24/12/24Daily Time Frame
Price is moving around 200 MA and price might take support from here
20 EMA is moving below 50 EMA and RSI is bearish
Hourly Time Frame
20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance
RSI is bearish
MACD is in bull's favor
15 min Time Frame
50 EMA can act resistance
RSI is also bearish
ONLY MACD in bull's favor
overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
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.
BANKNIFTY : Trading levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024):
In today's session, Bank Nifty opened near the 51,097-51,272 resistance/support zone, as anticipated in the plan.
Prices respected the Opening Resistance/Support zone , consolidating within this range initially (yellow trend indicating sideways movement).
A breakout above 51,272 was short-lived, and prices struggled to sustain higher levels, aligning with the plan's cautionary note about rejection patterns.
The range-bound behavior observed in the chart perfectly matches the yellow zone prediction in the plan, highlighting indecision in the market before testing key levels.
No significant bullish or bearish breakout was sustained, demonstrating the market's hesitancy near the projected levels.
Key Takeaway: The trading plan's highlighted zones (resistance and support) provided reliable levels for observing price action and market trends, with the sideways movement being accurately forecasted.
The chart for the 24th of December 2024 provides a detailed plan for different opening scenarios, including gap up, flat, and gap down openings. This plan will help traders navigate the market effectively.
Trading Plan for 24-Dec-2024
Gap Up Opening (200+ points)
If the market opens above 51,593.00, look for a bullish trend continuation towards the next resistance level at 51,719.00. Monitor price action around 51,719.00. If the price sustains above this level, the next target would be 51,962.00. Place a stop loss below 51,593.00 to manage risk.
Flat Opening
If the market opens around the previous close of 51,287.25, observe the price action within the no trade zone (51,306.90 to 51,353.00). A breakout above 51,353.00 could signal a bullish trend towards 51,420.95. A breakdown below 51,306.90 could indicate a bearish trend towards 51,267.00. Manage risk by placing stop losses just outside the no trade zone.
Gap Down Opening (200+ points)
If the market opens below 51,073.00, look for a bearish trend continuation towards the next support level at 51,010.00. Monitor price action around 51,010.00. If the price sustains below this level, the next target would be 50,781.00. Place a stop loss above 51,073.00 to manage risk.
Risk Management Tips for Options Trading
Always use stop losses to limit potential losses. Avoid over-leveraging; trade within your risk tolerance. Diversify your trades to spread risk. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions.
Summary and Conclusion
The trading plan for the 24th of December 2024 outlines strategies for different opening scenarios, including gap up, flat, and gap down openings. By following the plan and adhering to risk management principles, traders can navigate the market effectively. Remember, the yellow trend indicates sideways movement, the green trend indicates a bullish trend, and the red trend indicates a bearish trend.
Disclaimer
I am not a SEBI registered analyst. This plan is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
US500US500 is in a possible distribution, which is a bearish pattern.
2025 will be more like a sideways action.
Good times for small caps!
Review and plan for 24th December 2024Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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
23-12 NAS100: 23-12 NAS100: there is a long position, especially from a technical point of view. Since September, the tech stocks have been in an uptrend. After the price touched 21,180 in the past few days, the top of early November, it is time to enter with a buy position at 21457.0.
I am looking at the inverse of the Morning star pattern.I am looking at the inverse of the morning star pattern on the daily chart. Possible short with a 1:2 RRR. #Nasdaq #USTEC #US100
BANK NIFTY 24th December Expiry Level Bullish Scenario:
If the price stays above 51,250, aim for 51,522.35 as the next target, followed by 51,658.30.
A breakout above 51,880.40 could lead to further bullish momentum.
Bearish Scenario:
If the price falls below 51,204.65, watch for a retest of the green support zone (50,927.55 - 50,879.95).
#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.
USTEC (NASDAQ 100) - Sell Limit Opportunity After Liquidity GrabUSTEC has reached a significant liquidity zone above resistance, offering a high-probability sell limit setup. This move suggests the market has cleared stop-losses and is poised for a bearish reversal.
Key Observations:
Liquidity Grab: The price spiked above a key resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Signs of bearish rejections and diminishing bullish momentum indicate a potential downside move.
Optimal Entry: A sell limit at aligns with the liquidity sweep and anticipated reversal zone.
Trade Plan:
Entry: Sell limit at , targeting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around for an optimal risk-reward ratio.
Risk Management:
This setup uses the liquidity grab to pinpoint a strategic entry. Ensure disciplined risk management and proper position sizing. Monitor for bearish confirmation before executing the trade.
US30 Bearish King of Pips strategy and a bearish forecast for US30:
Strategy Overview
The King of Pips strategy is a technical analysis-based trading approach focusing on identifying trend reversals and continuations. This strategy combines multiple indicators and chart patterns to gauge market sentiment and predict price movements.
Key Components
Entry and Exit Points : Utilize candlestick patterns (e.g., hammer, shooting star) and indicator divergences.
Risk Management : Set stop-loss orders and position sizing.
Bearish Forecast for US30
Based on the King of Pips strategy, we anticipate a bearish outlook for US30:
Trading Plan
1. *Entry*: Short US30 at $42,588.
2. *Stop-Loss*: $42,767.
3. *Take-Profit 1*: $42,506.
4. *Take-Profit 2*: $42,425
4. *Position Sizing*: 2% of account balance.
Please note that this forecast and strategy are hypothetical and not investment advice. Trading carries risks, and you should consult your financial advisor before making decisions.
Trading Analysis for DXY (1-Hour Time Frame) I am currently monitoring the market for a sell entry based on my analysis of the 1-hour chart.
Entry Point: Around 108.100
Target Price: 107.100
Potential Move: 100 pips downward TVC:DXY
SENSEX S/R for 24/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
FINNIFTY S/R for 24/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BANKNIFTY S/R for 24/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NIFTY S/R for 24/12/24Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Below is a quick, high-level read on what the chart suggests for1. Recent Downward Momentum
Price has clearly dropped from a swing high (around the mid‑21,400s to 21,480 area) and is now trading in the low 21,300s.
The series of lower highs on the way down suggests near-term bearish pressure or at least a corrective pullback.
2. Key Support Zones
There’s a notable support band around 21,280 – 21,250 (green boxes/lines on your chart). This area appears to have propped the market up once already.
Below that, the next region of interest is near 21,200 – 21,180, which may act as a secondary support if the first zone fails.
3. Overhead Resistance
Near-term resistance looks to be the 21,360 – 21,400 zone. The market rejected in that region not long ago.
A break and hold above 21,400 could indicate buyers are regaining control, potentially setting up a run toward prior swing levels in the 21,450–21,480 range.
4. Volume Profile Observations
There’s heavier volume around the mid-21,200s and again in the upper 21,300s/21,400 region. These are likely to remain “hot spots” where price may stall or pivot due to heavier trading activity.
The 21,250–21,280 band also shows a fair amount of transactional volume, reinforcing that support zone.
5. Short-Term Bias
As long as price stays below the 21,360–21,400 ceiling, the immediate tilt is mildly bearish or consolidative, leaning negative.
If bulls manage a strong push above 21,400, it would suggest short-term buyers are stepping in; failing that, watch for a retest of the 21,250 zone or potentially the 21,200 handle.
Bottom Line
Short-Term Bearish Bias: Lower highs and a clear downward swing off recent highs.
Immediate Supports: 21,280 → then 21,250 → deeper support near 21,200.
Immediate Resistances: 21,360 → 21,400 → beyond that, 21,450+.
Keep an eye on how price reacts at those volume-rich zones—if momentum breaks above 21,400, that could quickly shift sentiment more bullish in the immediate term. If support near 21,280/21,250 fails, expect a further leg down.
Quick Analysis Just before Christmas Hey there,
So, I though of doing a quick market review just before Christmas, hoping to bring some extra insight into whats happening in the markets this week.
Also note that this is but just my opinion and my view of the markets, it should in no way be used or interpreted as advice or signals, but rather as a reference and a soundboard.
Furthermore, I wish you all a happy, blessed and merry Christmas and a successful and profitable new year.
UK100 (FTSE) Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:(Daily TF)
The ascending flag taking shape suggests we will soon see another leg higher.
While the price is above the support 7911.37, resumption of uptrend is expected.
We make sure when the resistance at 8485.05 breaks.
If the support at 7911.37 is broken, the short-term forecast -resumption of uptrend- will be invalid.
A peak is formed in daily chart at 8385.30 on 12/09/2024, so more losses to support(s) 8083.43, 8007.24 and minimum to Major Support (7911.37) is expected.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (8007.24 to 7911.37). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (8007.24)
Ending of entry zone (7911.37)
Take Profits:
8083.43
8183.03
8242.89
8380.25
8485.05
8664.21
8765.00
9000.00
__________________________________________________________________
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Nifty Crash 2025...?🇮🇳 Indian Market Crash in 2025...?
🇮🇳 Nifty 50 Crash in 2025...?
"Kis lavel tak gir sakata hai market detail video on YouTube @rgmempire"
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Bubble are create in market and this bubble big as compared to 2008 crash.
So 2025 crash is big....?
