Nifty technical analysis for tomorrow (04/Dec/2024)Nifty moments for option and future trading 04/Dec/2024
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NIFTY trade ideas
Nifty Intraday Trade Setup | 4th DecemberNifty opened with a gap-up and after giving an opening fall towards 24280, we saw a bounce and Nifty made a high around 24480. As per trade setup posted for today, buy trade triggered above 24340 and both the targets 24390 and 24430 successfully done.
For tomorrow, 24500 - 24525 will be crucial zone to watch. Buy Nifty if sustains above 24540 we expect to see an up-move towards 24600 and above levels. On the other side, if Nifty breaks 24380 on the downside we may see 24330 and lower levels marked the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24540
Sell Below - 24380
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On December 12, 2024 the Nifty view is BullishUnlike price-level forecasts, time-based analysis allows us to anticipate market trends well in advance. Based on my analysis, I have a bullish outlook on the Nifty for December 12, 2024. Regardless of where the Nifty's price lands, the intraday trend on that date is expected to be bullish.
Please note that this is purely my perspective and not a recommendation to buy or sell. Use this information for educational purposes only, and always trade with a stop-loss in place.
NIFTY S/R for 4/12/24Support 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 : Trading levels and Plan for 04-Dec-2024Before I begin, I kindly ask you to hit boost or like if you enjoy my analysis. Your support keeps me motivated to dedicate my time to creating these charts for you, completely free!
Nifty Trading Plan for 04-Dec-2024 📈
On the previous trading day, Nifty witnessed a significant rally towards the completion zone of Wave C, form the the Opening important range for buyer's and Sellers (mentioned in yesterday's Plan. For upcoming trading session, the structure also highlighted a Change of Character (ChoCH) near ₹24,483, which now acts as an opening support/resistance level. Key levels such as ₹24,355 (opening resistance) and ₹24,189 (last intraday/swing support) indicate pivotal areas for monitoring price action. Yellow indicates a sideways trend, green represents bullish momentum, and red marks bearish trends.
Here’s a structured trading plan for all opening scenarios:
Gap Up Opening (+100 points or more above ₹24,445)
Profit Booking Zone (₹24,650-₹24,692): A gap-up opening near or within this zone could face sideways consolidation or immediate rejection, as it aligns with the first target of Wave C completion.
Action Plan:
Entry: Short near ₹24,692 after observing bearish reversal patterns like shooting stars or bearish engulfing.
Target: ₹24,483 (opening support/resistance zone) and ₹24,413.
Stop Loss: Above ₹24,730 to avoid false breakout risks.
Breakout Potential Above ₹24,692: Sustained buying above ₹24,692 with strong momentum could trigger bullish continuation.
Action Plan:
Entry: Long above ₹24,692 after a 15-minute candle closes above this level.
Target: ₹24,800-₹24,850.
Stop Loss: Below ₹24,600 to safeguard against pullbacks.
Flat Opening (Near ₹24,445)
Opening Support/Resistance Zone (₹24,413-₹24,483): Flat openings indicate indecision. If Nifty sustains above ₹24,483, it may show bullish strength; otherwise, a fall back to ₹24,413 is likely.
Action Plan for Bullish Scenario:
Entry: Long above ₹24,483 with strong buying pressure.
Target: ₹24,650-₹24,692.
Stop Loss: Below ₹24,413 for risk management.
Action Plan for Bearish Scenario:
Entry: Short below ₹24,413 after confirming selling pressure.
Target: ₹24,355 and ₹24,300.
Stop Loss: Above ₹24,483 to limit losses.
Retracement Monitoring at ₹24,355: If the price consolidates near ₹24,355, observe breakout patterns for direction.
Gap Down Opening (-100 points or more below ₹24,445)
Testing Swing Support (₹24,189): A gap-down opening below ₹24,300 will test the last intraday/swing support around ₹24,189. Failure to hold this level may result in further downside momentum.
Action Plan:
Entry: Short below ₹24,189 after confirming a bearish breakdown.
Target: ₹24,100 and ₹24,050 (extended downside levels).
Stop Loss: Above ₹24,250 to reduce risk.
Reversal Potential at ₹24,189: Watch for bullish reversal signals such as hammer candles or bullish engulfing near ₹24,189.
Action Plan:
Entry: Long near ₹24,189 with a confirmed reversal signal.
Target: ₹24,300 and ₹24,355.
Stop Loss: Below ₹24,150 to manage risk.
Risk Management Tips for Options Trading
Trade with limited risk strategies like vertical spreads or butterfly spreads to minimize premium losses.
Monitor implied volatility and avoid buying options in high IV environments to prevent premium erosion.
Always hedge directional trades, especially near pivotal resistance or support zones.
Avoid over-trading; focus on quality setups rather than quantity.
Keep risk per trade within 1-2% of your capital to preserve equity.
Summary and Conclusion
Nifty is approaching critical zones, with ₹24,650-₹24,692 as the profit booking/supply area and ₹24,189 acting as the last swing support. Adherence to key levels and disciplined execution will be critical for navigating intraday moves. Let price action confirm the direction before entering trades.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Kindly perform your research or consult a financial advisor before making trading decisions.
Trade For Tomorrow 04 December 2024 Nifty50 #nifty50Trade And Analysis For Tomorrow 04 December 2024 Nifty 50
Perfect Trendline and Mother-Father line Breakout by Nifty.Perfect Trendline and Mother-Father line Breakout by Nifty on daily chart. Now all that we need for a perfect Bullish reversal is a closing above 24540. Once we get the closing above 24540 the next resistance levels will be 24840 before we reach 25K+ levels or even 26K+ levels within few weeks time. Final frontier for Bulls as of now seems to be 24540. In case the level is not breached the support levels will be at 24367 and 23587 as of now that is the mother and father lines. This chart serves a perfect example of how parallel channel and Mother father and small child theory works. All we need is a confirmation candle above Mother line now and Bulls to breach tough resistance zone of 24540. Let us see. Very interesting week ahead. Closing this week will be very important. We need a closing above mother line in general and above 24540 in particular.
To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor.
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.
NIFTY Broke out up....BuyNifty has given a head and shoulders breakout...Good breakout...AD ratio and BN also supporting this upmove...So buy Use stoploss techniques..like supertrend etc...Tgt calculated and posted on chart
nifty trade setup 3rd dec nifty is on uptrend and its not breaking any low so i took entry with small stop Loss will update the target or SL
My view on nifty 50 is bearish for december 5th expirymy view is on nifty 50 is bearish because it has rejected several times crossing upward at 24350
it might become strong if it crosses 24500 strongly in 1hour time frame othertwise i can see nifty bearish towards 24000.
#NIFTY Intraday Support and Resistance Levels - 03/12/2024Flat or slightly gap up opening expected in nifty. After opening important level for nifty is 24350. If nifty gives breakout of this level then possible strong upside rally upto 24550 in today's session. Downside 24050 will act as an strong and important support for nifty. Any major downside only expected below this support level.
NIFTY Trade Setup for Tuesday (03-Dec-2024)NSE:NIFTY
Post Market Analysis by Srinivas Vemula
NIFTY Weekly Outlook
Economic Events :
USA Jobless Claims Data ( November 30)
India RBI Policy Repo Rate (06-Dec-2024)
Institutional Bias - Bearish ( NIFTY FUTURES)
Institutional Framework - Price Reversal
Institutional Reference Data Points - Premium Arrays
Institutional Price Delivery - ERL(BSL) to IRL( SSL)
ERL - External Range Liquidity
IRL - Internal Range Liquidity
BSL - Buy Side Liquidity
SSL - Sell Side Liquidity
Premium Arrays
Bearish Order block (H4)
Buy Side Liquidity (W1/H4)
Bearish FVG (H4)
Discount Arrays:
Bullish Breaker (H4)
Bullish Mitigation (M15)
2 hurdles of Mother, Father line cleared, what next?Two major hurdles of Mother and Father line are cleared by Nifty. Now the major hurdle remaining is the trendline resistance at 24277. If we get a closing above this resistance Nifty can go to 24345. If and when we get a closing above 24345 Nifty will then be ready to fly and next stop can be near 24510 or even 24665. More Bullish levels await after we get a closing above 24665. These levels can be 24890, 25048 and 25277. If the trendline support at 24277 is not crossed for some reason the supports for Nifty to fall back on will be at the zone between 24097 and 24070. (24070 being the mother line of hourly chart and strong support). If 24070 is broken then the next supports will be at 23898, 23756, 23588 and finally 23292. Its looking bullish but two hurdles crossed two more (24277 and 24345) to go.
nifty | 3rd Dec'202415m: Watch for a buy-side liquidity sweep, then await bearish confirmation to short.
Note: The overall 15m trend is bullish, but price is at a strong resistance and supply zone. If above case fails, expect an aggressive sell-side liquidity grab followed by a bullish move.
NIFTY : Levels and Plan for 03-Dec-2024Trading Plan for Nifty - 03-Dec-2024
Previous Day’s Chart Pattern Analysis:
On 02-Dec-2024, Nifty witnessed significant volatility after finding support from the mentioned support level and could manage to close near high. The index seeing resistance at 24,413, indicating profit booking near this level, while support was observed at 24,204, suggesting buyer accumulation. The yellow trend in the chart reflects sideways consolidation, green lines represent bullish moves, and red lines indicate bearish patterns. For today, the key zones from the chart will play a crucial role in determining market sentiment.
Opening Scenarios for 03-Dec-2024:
Scenario 1: Gap Up Opening (100+ Points Above 24,275)
If Nifty opens with a significant gap up above 24,375, monitor whether it sustains above the 24,413 Resistance/Support for Sideways.
- Action Plan:
- If the price stays above 24,413, look for bullish momentum towards the 24,483 Last Resistance for Intraday. Enter long positions with a target of 24,483, maintaining a stop-loss at 24,326.
- If Nifty fails to sustain above 24,413, a pullback towards 24,326 Opening Resistance/Support Zone is possible. Observe price action here before taking new trades.
- Risk Management Tip: Avoid chasing the market if the gap up is too steep, as it might lead to profit booking. Opt for spreads or hedge your positions with options.
Scenario 2: Flat Opening (Near 24,275)
In case of a flat opening around 24,275, focus on the Opening Resistance/Support Zone at 24,326.
- Action Plan:
- If Nifty breaks above 24,326 with strong volume, initiate long trades targeting 24,413, and then 24,483. Keep a stop-loss at 24,204 Opening Support.
- Conversely, if the price struggles to break 24,326 and slides below 24,275, a test of 24,204 is likely. In such a case, short positions can be considered with a target of 24,087, keeping a stop-loss at 24,326.
- Risk Management Tip: Allow the first 15-30 minutes for market stability to avoid false breakouts. Use options to trade breakouts conservatively.
Scenario 3: Gap Down Opening (100+ Points Below 24,275)
A gap-down opening below 24,175 would bring 24,087 Support Zone into focus.
- Action Plan:
- If the index holds above 24,087, expect a bounce towards 24,204 Opening Support. This could be an ideal point to go long with a stop-loss at 23,964.
- If Nifty breaches 24,087, further downside towards 23,964 is probable. In this case, short positions can be initiated with targets of 23,964, maintaining a stop-loss at 24,204.
- Risk Management Tip: In a bearish scenario, avoid aggressive trades and use protective puts to limit downside risk.
Risk Management Tips for Options Trading:/b]
Position size should be limited to 2% of your capital per trade.
Use options strategies like Iron Condors or Bull Put Spreads to manage risk in volatile conditions.
Always hedge directional trades with protective options to avoid heavy losses during sudden reversals.
Summary and Conclusion:
Today's trade revolves around key levels at 24,413, 24,326, and 24,204.
Bullish scenario: Sustained trades above 24,413 could lead to higher targets of 24,483.
Bearish scenario: A breakdown below 24,087 may open the door for further weakness towards 23,964.
Sideways scenario: Consolidation is likely between 24,204 and 24,326, requiring patience for a breakout.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Traders are advised to conduct their research or consult a financial advisor before making trading decisions.
NIFTY Intraday Trade Setup (02-Dec-2024)NSE:NIFTY
Institutional Framework : Expansion Phase
Institutional Bias : Bullish (Nifty Futures)
Institutional Price Delivery : IRL to ERL (MMXM Buy model)
Institutional Reference Points :
Sell Side Liquidity (MT1)
Inverse FVG(D1)
Bullish Mitigation(H4)
Bullish Breaker (M15)
Sell Side Liquidity(M15)
Nifty technical analysis for trading (03/Dec/2024)Nifty moments for option and future trading 03/Dec/2024
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The Nifty spot intraday forecast for December 03, 2024Nifty intraday trend for December 03, 2024 is bullish. Intraday Turning points are approximate. The price is not part of the forecast since calculations relate Time. Intraday levels may vary based on the price gaps on the either side.
Technical confirmation for entries and exits is a must and do not trade with stop-loss.
The information provided is only for the educational purposes.
Nifty Intraday Trade Setup | 2nd DecemberNifty opened with a gap-up on Friday, took support after filling gap and we seen a good rally.
For today, buy Nifty if sustains above 24190 we expect to see an up-move towards 24240 and above levels. On the other side, if Nifty breaks 24050 on the downside we may see 24000 and lower levels marked the chart.
Expectations: Volatile movement.
Intraday Levels:
Buy Above - 24190
Sell Below - 24050
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
NIFTY S/R for 3/12/24Support 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 03 DECEMBER PREDICTIONNIFTY is looking slightly bullish, If nifty opened with gap down then we will wait to get reverted in buying zone and then go for longs, In No trade zone we will not trade. PREMIUM DECAY may seen
Good to See upside 24280 Buy Good to upside see 24280 Buy only
Breakout level
Study and buy only
for Education purpose
Nifty 50 Daily Chart- Inverse Head & ShouldersNifty 50 Daily Chart- Inverse Head & Shoulders
Bullish View. Potential Target 24,700.
