Nifty Intraday Analysis for 14th November 2024NSE:NIFTY
Index closed near 23560 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 106.68 Lakh
23800 Strike – 79.12 Lakh
24100 Strike – 74.90 Lakh
Put Writing
23000 Strike – 89.40 Lakh
23300 Strike – 60.65 Lakh
23500 Strike – 48.49 Lakh
Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range.
Index has resistance near 23750 – 23800 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Contains image
NIFTY TrendSPOT CMP 23550
Expecting reversal ANYTIME
Max downside
23200 & 22900
Below this means something really serious
Upside 24500
if & when it sustains above 24750 means again bullish
This is just for information & not any FnO trade advice
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NIFTY INTRADAY ANALYSIS FOR 14/11/2024BUY ABOVE - 23670
SL - 23610
TARGETS - 23730,23820,23920
SELL BELOW - 23510
SL - 23610
TARGETS - 23430,23370,23300
NO TRADE ZONE - 23510 to 23610
Previous Day High - 23820
Previous Day Low - 23510
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty Intraday Analysis for 13th November 2024NSE:NIFTY
Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24600 Strike – 100.51 Lakh
24200 Strike – 80.60 Lakh
24300 Strike – 71.39 Lakh
Put Writing
23500 Strike – 46.09 Lakh
24000 Strike – 32.54 Lakh
23800 Strike – 29.42 Lakh
Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
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The market doesn’t owe anyone, but it teaches everyone. We often think of trading as mastering charts, predicting moves, and hitting targets. But in reality, it’s about understanding one thing: the market is an emotional battlefield.
5 Unwritten Truths Every Trader Learns (the Hard Way) 🔥
Patience Pays
Sometimes the best trade is no trade. Observing, waiting, and holding back is harder than hitting ‘Buy.’ But it’s what separates the cool-headed from the compulsive.
Respect the Trends
They say, “the trend is your friend,” and it’s true. But only if you know when to step back. Real traders respect the power of trends and don’t challenge them without good reason.
Capital Preservation > Profits
Winners protect their capital. When the trade goes against you, it’s not about ego or proving yourself right; it’s about conserving what you can to trade another day.
Embrace the Small Wins (very important...these compound over time)
In a game where giants battle, small wins are the stepping stones to long-term growth. Consistency beats speed in trading; even the smallest gains compound over time.
Stay Humble, Stay Hungry
The moment we think we have it all figured out, the market humbles us. It’s a reminder that we’re always students here. True traders stay humble, and in that humility, they keep growing.
The Final Word 🧠✨
Trading isn’t just a skill; it’s a mindset. The best traders aren’t just analysts; they’re philosophers of the market, lifelong learners in the art of resilience, risk, and reward.
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BANK NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 51300
SL - 51060
TARGETS - 51500,51800,52060
SELL BELOW - 51060
SL - 51300
TARGETS - 50900,50670,50380
NO TRADE ZONE - 51060 to 51300
Previous Day High - 52230
Previous Day Low - 51060
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 23920
SL - 23820
TARGETS - 24000,24100,24180
SELL BELOW - 23820
SL - 23920
TARGETS - 23730,23670,23610
NO TRADE ZONE - 23820 to 23920
Previous Day High - 24250
Previous Day Low - 23820
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Bitcoin need Short term Retracement 🔹 #Bitcoin LTF Update 🔹
CRYPTOCAP:BTC has formed a double top on the LTF, signaling bearish potential below $90,000. This could mean a short-term retracement.
If #BTC fails to break the $90,000 resistance, we may see it drop to the $81,000 level soon, with LTF OB around $81,000.
However, if BTC breaks above $90,000, next stop could be over $100k 🚀
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____
Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700.
'
USDINR at lifetime high @84.40 overall negative momentum.
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Bitcoin Breakout the Channel Pattern. All-Time High ???A Channel Pattern has formed, and a Breakout occurred above the Pattern. Next, the market is expected to reach the Resistance zone. If the market Breakout above the resistance zone, Bitcoin is expected to enter a very Bullish Uptrend and Possibly reach an All-Time High.
Nifty Intraday Analysis for 12th November 2024NSE:NIFTY
Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 72.55 Lakh
24300 Strike – 47.91 Lakh
24200 Strike – 45.80 Lakh
Put Writing
24000 Strike – 39.91 Lakh
24200 Strike – 34.10 Lakh
24100 Strike – 27.49 Lakh
Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range.
Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
Know this before you QUIT TRADINGTrading Myths Busted: The Truth Every Trader Needs to Know
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NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 24250
SL - 24100
TARGETS - 24340,24420,24500
SELL BELOW - 24100
SL - 24180
TARGETS - 24030,23930,23800
NO TRADE ZONE - 24100 to 24250
Previous Day High - 24340
Previous Day Low - 24030
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 52060
SL - 51800
TARGETS - 52230,52450,52600
SELL BELOW - 51800
SL - 52060
TARGETS - 51500,51270,51060
NO TRADE ZONE - 51800 to 52060
Previous Day High - 52230
Previous Day Low - 51270
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
#BANKNIFTY - 11 NOVEMBER !!NSE:BANKNIFTY
#NIFTYBANK ⚡
Observe, understand, then implement 👍🏻
Strategy name : Higher Highs and Higher Lows
This strategy is commonly used in trending markets to identify potential buy opportunities during an uptrend.
Key Components of the Strategy:
1. Higher Highs and Higher Lows: In an uptrend, price action creates successive peaks (higher highs) and troughs (higher lows). These are signals of bullish momentum, where buyers are consistently pushing prices higher.
2. Trend Channel: The image shows a channel formed by connecting the higher lows with a trendline (lower boundary) and higher highs with another trendline (upper boundary). This channel helps traders identify the price range within which the trend is moving.
3. Entry Points:
- The strategy suggests buying near the trendline at each higher low, which represents a potential support area within the trend. In the image, these points are marked as "BUY" or "ENTRY."
- Buying near these higher lows increases the chance of entering trades at favorable prices during pullbacks in the uptrend.
4. Profit Targets:
- Profit targets are set near the upper trendline or at subsequent higher highs. In the image, these points are marked as "PROFITS" with checkmarks.
- This method helps traders secure profits as the price reaches the higher end of the channel.
Managing the Trade:
- After the first entry and a successful profit, traders can re-enter the market on the next pullback to a higher low.
- Stop losses are typically placed below the previous higher low to manage risk in case the trend reverses.
Summary:
This strategy aims to capture gains in a trending market by entering trades at higher lows and exiting near higher highs within a channel. It works well in a stable, consistent uptrend but requires careful monitoring of trend changes to avoid potential losses if the trend breaks down.
Ps note : I'm not SEBI Registere 🙏🏻
Any queries @thetradeforecast 🇮🇳