Trading Plan: Can Nifty 50, Bank Nifty make healthy start to the week?
With an eight-day winning streak and bullish technical and momentum indicators, the Nifty 50 is expected to march toward the 25,250 hurdle, followed by the 25,350 zone in the upcoming sessions, despite intermittent consolidation. On the other hand, support is placed at 25,000, followed by 24,800, experts said.
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The market may consolidate, but overall, the trend remains favourable for bulls. Below are some short-term trading ideas to consider.
Trade setup for September 15: Top 15 things to know before the opening bells
As long as the Nifty 50 holds above the 25,000 level, the 25,250–25,550 range could be the next levels to watch. However, if it slips below this mark, the 24,800 level—where the 20-day and 50-day EMAs as well as the midline of the Bollinger Bands converge—could act as a crucial support, according to experts.
Chartist Talk: These 2 stocks are the top picks for next week as Nifty eyes breakout toward 25,700
The Nifty 50 index is comfortably trading above its key short-term and long-term moving averages, both of which are beginning to trend upward — a positive sign for the bulls.
Price Seasonality | History repeats and benefit: Shubham Agarwal
Expectation of not rising for the month can also be monetized by Selling a Call Option of strike price closest to the price at the beginning of the month.
Technical View: Nifty bulls charge ahead with 560-point rally in 8 days; 25,500 target in focus with India VIX at all-time low
The India VIX, generally known as the fear gauge, dropped further and ended at an all-time closing low, adding to market stability and providing comfort for bulls amid reduced uncertainty and low volatility. The index declined 2.29 percent to 10.12, while for the week, it was down 6.1 percent.
Trading Plan: Can Nifty 50 hit August high, Bank Nifty touch 55,000 after 7-day rally?
If the Nifty sustains above 25,000, the next target to watch is 25,150 (August high), followed by 25,250 as key hurdle. However, the 24,900–24,800 range could act as a key support zone, experts said.
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The market is expected to extend its bullish bias, given favourable technical and momentum indicators. Below are some short-term trading ideas to consider.
Trade setup for September 12: Top 15 things to know before the opening bells
According to experts, sustaining above the 25,000 level in upcoming sessions is crucial for an uptrend toward the immediate hurdle at the 25,200–25,250 zone, followed by 25,500. On the downside, the immediate key support is placed at 24,900–24,800 levels for the NIfty 50.
Technical View: Nifty needs to hold 25,000 for bulls to eye 25,150; Bank Nifty above 20-DEMA, VIX at 17-month low
Weekly options data indicated that the Nifty is likely to trade in the 24,800–25,500 range in the upcoming sessions.
Trading Plan: Can momentum drive Nifty 50 beyond 25,000, Bank Nifty past 54,700 on a closing basis?
With trading above all key moving averages and bullish crossovers in momentum indicators and oscillators, the Nifty 50 is expected to sustain the uptrend despite any intermittent consolidation and may be heading toward 25,200–25,250 in the near term, provided it decisively clears 25,000. However, support is placed at 24,800–24,750.
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The trend is likely to be upward despite consolidation (if any), as frontline indices now trade above all key moving averages. Below are some short-term trading ideas to consider.
Trade setup for September 11: Top 15 things to know before the opening bells
If the Nifty 50 decisively closes above 25,000, the lower high–lower low formation will be negated, and a rally toward 25,150–25,250 cannot be ruled out. However, on the downside, 24,900–24,800 is expected to act as immediate key support, according to experts.
Technical View: Nifty gains for 6 days, but must sustain above 25,000 to break lower high–lower low pattern
The weekly options data suggest that 25,000 is crucial for further upward direction, as it will open the door for 25,200 and 25,500, with support at 24,900–24,800.
Trading Plan: Can Nifty 50 sustain above 50 DEMA, Bank Nifty break past 10 DEMA?
In the near term, if the Nifty 50 holds its immediate support of the 50-DEMA (24,791), the upward journey toward 25,000 and beyond cannot be ruled out. However, below this, the 24,700 level could act as a crucial support.
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The market is expected to consolidate before entering a fresh leg of upmove. Below are some short-term trading ideas to consider.
Trade setup for September 10: Top 15 things to know before the opening bells
The benchmark index Nifty 50 is expected to march toward the psychological 25,000 mark in the upcoming sessions despite likely intermittent consolidation, provided the 24,700 support getting hold as below it 24,500 can be crucial support, according to experts.
Technical View: Nifty trades above 50-DEMA after rising for 5th day but resistance trendline breakout crucial for further rally
Weekly options data indicates that 25,000 is expected to be a key resistance zone for the Nifty 50, with support at 24,800.
Trading Plan: Will Nifty 50, Bank Nifty sustain momentum into fifth straight gain?
If the Nifty 50 surpasses and sustains above the 50-day EMA (near 24,800), the momentum may gain strength and push the index toward the 25,000–25,200 levels, provided 24,700–24,600 acts as a support zone.
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The frontline indices are likely to rally if they start trading above all key moving averages. Below are some short-term trading ideas to consider.
Trade setup for September 9: Top 15 things to know before the opening bells
For a decisive upmove toward 25,000, the Nifty 50 needs to clear 24,800 (which is near the 50-day EMA). Until then, consolidation is likely to persist. A close below 24,700 could open the door for a decline toward 24,500, experts said.
Technical View: Nifty eyes 24,900-25,000, but consolidation may delay breakout
Momentum indicators remain supportive. The RSI jumped to 50.39, and the Stochastic RSI continues to show a positive crossover. The MACD also maintains its bullish crossover, with the histogram indicating further strengthening.
Trading Plan: Can Nifty 50, Bank Nifty defend Friday's low amid expected consolidation?
The benchmark Nifty is expected to be in the 24,600–24,900 range in the immediate term, as below it, the 24,500–24,450 zone (the rising support trendline) is one to watch. However, above this range, the 25,000 level can be a possible hurdle, experts said.
Trade Spotlight: How should you trade Ashok Leyland, NMDC, Exide Industries, Eternal, Tega Industries, and others on September 08?
The market is expected to see consolidation until it sees a breakout over the previous week's high. Below are some short-term trading ideas to consider.
Trade setup for September 8: Top 15 things to know before the opening bells
In the upcoming sessions, the Nifty 50 is expected to be in the range of 24,500-25,000. If the index breaks lower range, 24,400-24,300 is likely to be key support zone, however, decisively surpassing 25,000 can open door for 25,200-25,250 levels, according to experts.
