Welcome to today's analysis of NSE:ELECON , where we explore a compelling trading scenario fuelled by recent stock activities. 📊 The Breakout Story Elecon Engineering hit a record high in its previous Friday trading session, breaking past its former resistance with impressive volume. The surge was marked by a robust breakout candle, signalling strong...
NSE:NIFTY Highest Call writing of 70.24 Lakh at 22500 Strike followed by 51.05 Lakh at 22200 Strike. Maximum Put writing of 81.79 Lakh at 22200 Strike followed by 53.34 Lakh at 21800 Strike. Index may face resistance near 22425 - 224250 and go beyond 10950 level only when Israel Iran War Tension eases out. Index has strong support near 21900 - 21800 level and...
#Persistent systems -Investment trade 22.04.2024 Looks good to accumulate at3200-3300-3500 Target 4800-5000 CMP 3500
Symbol - INFY INFOSYS is currently trading at 1445. 1450-1400 is a good support area for INFY. I'm seeing a trading opportunity on buy side. Buying INFY Futures at CMP 1445. I will be adding more if 1425 comes & hold with 1395 SL. Targets I'm expecting are 1495 - 1570 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
NSE:NIFTY Highest Call writing of 76.15 Lakh at 22600 Strike followed by 73.31 Lakh at 22500 Strike. Maximum Put writing of 103.79 Lakh at 22000 Strike followed by 59.65 Lakh at 22300 Strike. Index may face resistance near 22500 - 22525 and go upto 22750 level if sustain above 22550 level. Index has strong support near 22000 - 22150 level and less likely to...
NSE: RVNL is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 15% to 25% gain...
Plan a Trade when Market is Below 22358(PE Buy / CE short) and if the Market will break 22447 Level then Plan to (CR Buy / PE Short). Keep Watching and Eye on this.
Symbol - HINDUNILVR Hindustan Unilever is currently trading at 2185. 2185-2140 is a good support area for Hindustan Unilever. I'm seeing a trading opportunity on buy side. Buying Hindustan Unilever Futures at CMP 2185 I will be adding more if 2150 - 2140 comes & hold with SL of 2090. Targets I'm expecting are 2265 - 2380 & beyond. Disclaimer - Do not...
EURUSD short from a daily demand zone after a break and retest. Weekly and Daily bearish price action, entry refined on the 4H and 30M. First target is the Major Swing Low on the 4H, second target is the next daily weekly liquidity.
NSE: GSFC is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 26% to 35% gain on...
Trend is bearish trading below daily 50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday. Support are 21950 if sustains below short targets of 21900,21850,21800,21750 Resistance are 22080 if sustains above long targets of...
NSE:CNXFINANCE Maximum Call writing is at 21500 strike with 24.21 Lakh followed by 27.67 Lakh Call at 21800 Strike. Maximum Put writing is at 23.07 Lakh at 21000 strike followed by 22.54 Lakh Put writing at 21300 strike. Index may face resistance near 21500 level and go upto 21800 level if sustain above 21550 level. Index has support near 21180 - 21000 level...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 5.19 Lakh is at 10800 strike followed by 3.50 Lakh at 10700 Strike and Put writing of 3.48 Lakh at 10700 Strike followed by 2.50 Lakh at 10500 Strike. Index is closed near 10700 level. Index may face resistance near 10800 - 10825 level and go near 10950 level if sustain above 10850. Index has support near...
FinNifty 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...
Symbol - NIFTY50 CMP - 21980 NIFTY50 witnessing heavy selling and now slipping below 22,000 round level. Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels. 22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon. Dow Jones is at...
BankNifty Support and Resistance levels to trade on friday are Support is 47000-46950 area look for breakdown or rejection here down side targets will be 46800,46650,46600. if support got held reversal can play till targeting 47400 area Resistance is 47350 to 47400 area look for breakout or rejection here higher side target will be 47550,47600,47750,47800 and...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 20.70 Lakh is at 11000 strike followed by 16.92 Lakh at 10900 Strike then at 10800 Strike with 15.77 Lakh and Put writing of 18.91 Lakh at 10500 Strike followed by 12.10 Lakh at 10400 Strike and 11.53 Lakh at 10600 Strike. Index is closed near 10665 level. Index may face resistance near 10850 - 10900 level...
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction...