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Nifty Intraday Analysis for 23rd October 2024NSE:NIFTY Index closed near 24470 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 94.74 Lakh 24800 Strike – 62.23 Lakh 24700 Strike – 49.43 Lakh Put Writing 24000 Strike – 57.51 Lakh 24500 Strike – 36.60 Lakh 24400 Strike – 33.40 Lakh Index has resistance near 24700 – 23800 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24450 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:NIFTY
by RKMAURYA
CRUDEOIL Breakout Incoming? Crude Oil Update (4-Hour Timeframe) Chart Analysis 🛢 Current Price: 6943 📈 Phase 1: If Crude Oil sustains above 5928, potential targets are: Target 1: 6090 Target 2: 6300 Target 3: 6500 Stop-Loss: 5780 📊 Pattern Formation: Rising wedge, signaling a potential upside breakout. Watch closely for confirmation! ⚠️ Risk Management: Don't forget to set your stop-loss to protect against unexpected volatility. 📉 Disclaimer: This is technical analysis, not financial advice. Past performance doesn’t guarantee future results. Trade wisely! ❤️ If this post helps you, don't forget to like! #CrudeOil #ChartAnalysis #TechnicalAnalysis #OilMarket #Trading
MCX:CRUDEOIL1!Long
by Shalvisharma5
1
NIFTY INTRADAY LEVELS FOR 23/10/2024BUY ABOVE - 24620 SL - 24530 TARGETS - 24700,24800,24890 SELL BELOW - 24450 SL - 24530 TARGETS - 24330,24200,24100 NO TRADE ZONE - 24450 to 24620 Previous Day High - 24890 Previous Day Low - 24450 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 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 23/10/2024BUY ABOVE - 51420 SL - 51160 TARGETS - 51670,51860,52020 SELL BELOW - 51160 SL - 51420 TARGETS - 50920,50600,50300 NO TRADE ZONE - 51160 to 52420 Previous Day High - 52200 Previous Day Low - 51160 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
Nifty Intraday Analysis for 22nd October 2024NSE:NIFTY Index closed near 24780 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 81.11 Lakh 25500 Strike – 57.30 Lakh 24800 Strike – 48.01 Lakh Put Writing 24000 Strike – 50.80 Lakh 24500 Strike – 35.15 Lakh 24800 Strike – 32.75 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
BANK NIFTY INTRADAY LEVELS FOR 22/10/2024BUY ABOVE - 52190 SL - 52020 TARGETS - 52400,52600,52800 SELL BELOW - 51860 SL - 52020 TARGETS - 51600,51380,51160 NO TRADE ZONE - 51860 to 52190 Previous Day High - 52600 Previous Day Low - 51860 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 22/10/2024BUY ABOVE - 24800 SL - 24700 TARGETS - 24890,24950,25020 SELL BELOW - 24700 SL - 24800 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24700 to 24800 Previous Day High - 24950 Previous Day Low - 24700 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 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty Intraday Analysis for 21st October 2024NSE:NIFTY Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 42.62 Lakh 25100 Strike – 31.69 Lakh Put Writing 24500 Strike – 37.52 Lakh 24800 Strike – 33.90 Lakh 24700 Strike – 32.87 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTYLong
by RKMAURYA
BANK NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 52220 SL - 51990 TARGETS - 52400,52600,52800 SELL BELOW - 51990 SL - 52220 TARGETS - 51820,51600,51380 NO TRADE ZONE - 51990 to 52220 Previous Day High - 52220 Previous Day Low - 51160 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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 21/10/2024BUY ABOVE - 24890 SL - 24800 TARGETS - 24950,25020,25100 SELL BELOW - 24800 SL - 24890 TARGETS - 24700,24600,24530 NO TRADE ZONE - 24800 to 24890 Previous Day High - 24890 Previous Day Low - 24600 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 👍
NSE:NIFTY
by Jagadheesh_JP
Bank Nifty Spot Intraday Technical Analysis for 21st October🚀 Unlock the potential with my #BankNiftySpot Intraday Technical Analysis for 21st October, 2024! 📍 Range Trigger Point: 52094 📅 Day Range: 1199 📈 Long Position 🔹 Buy Above: 51742 📊 Average Position: 51600 🎯 Target 1: 52835 🎯 Target 2: 53293 ⛔ Stoploss: 51342 📉 Short Position 🔹 Sell Below: 51459 🎯 Target 1: 51354 🎯 Target 2: 50896 ⛔ Stoploss: 51858 ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ #BankNiftySpot #TradingSignals #BankNiftyFuture #MCX #MCXLevels #TradingTips #BankNiftySpotLevels
NSE:BANKNIFTY
by NumroTrader
Advanced Rsi Divergence TradingRSI Divergence occurs when the Relative Strength Index indicator starts reversing before price does. A bearish divergence consists of an overbought RSI reading, followed by lower high on RSI. At the same time, price must make a higher high on the second peak, where the RSI is lower. If used correctly, RSI divergence can be profitable, providing early signals of trend reversals. However, it also carries risks, and traders should use it alongside other indicators and proper risk management strategies.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option Data Trading– Option Chain Analysis can be used to find out the actual trend of the particular stock or index. Usually institutions and big funds sell options. By finding out which strike has more open interest, we can actually understand the support and resistance levels of a security (be it stocks or indices) for that expiry. How to do option analysis? Option analysis involves studying various parameters like strike prices, premiums, implied volatility, open interest, and time decay. Combining this data with technical and fundamental analysis helps assess potential trade setups and risks.
NSE:BANKNIFTYEducation
by SkyTradingZone
Once Bank Nifty opens above 52,240, a rally towards 53,675In Scenario A, if Bank Nifty opens above the key level of 52,240, it is likely to trigger a strong upward momentum, leading to a rally toward 53,675. This level could act as a critical resistance point, and surpassing it might signal further bullish movement in the market. However, on the downside, if Bank Nifty falls below 51,823, a bearish trend is expected to emerge. This would likely shift market sentiment to the negative, with further downside potential if key support levels are breached. Hence, 52,240 serves as a pivotal breakout level for bulls, while 51,823 is the threshold for a bearish reversal.
NSE:BANKNIFTYLong
by AbsoluteAnalysis
Technical Analysis MACD HIstogram Key Takeaways The moving average convergence divergence (MACD) is a popular momentum indicator that is used in technical analysis. The MACD is calculated by comparing exponential moving averages in a security's price. The MACD line is charted alongside a nine-day moving average of the MACD line, called the signal line, and a histogram representing the difference between these two curves. Traders use the MACD histogram to anticipate changes in market momentum. MACD analysis can still generate false price predictions. Experienced traders use additional metrics and fundamental analysis to support their forecasts. This example should demonstrate how observing the MACD histogram can help anticipate changes in trends in both short-term and long-term price momentum. It is important for traders to learn to recognize these trends and not bet against them. Fighting a trend is a sure way to get pummeled.
NSE:BANKNIFTYEducation
by SkyTradingZone
MACD TRADING / Technical AnalysisMoving average convergence/divergence (MACD) is a technical indicator to help investors identify entry points for buying or selling. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The MACD indicator (or oscillator) is a very popular indicator among traders around the world for identifying trends and reversals. It was invented around 1977 by Gerald Appel, who was looking for a quality indicator that could immediately be interpreted.
NSE:BANKNIFTYEducation
by SkyTradingZone
DATABASE TRADING WITH OPTION CHAINOption chain data is the complete picture pertaining to option strikes of a particular stock or index in a single frame. In the Option chain frame, the strike price is at the center and all data pertaining to calls and puts on the same strike are presented next to each other. Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
WHY DO TRADERS FAIL?Why Most Traders Fail: Common Psychological Traps Many beginner traders enter the market with a lot of enthusiasm but often leave disheartened after experiencing losses. One of the main reasons for this is not a lack of technical skills or strategy, but rather the inability to manage the psychological aspects of trading. Let’s dive into some of the most common psychological traps and how you can avoid them to become a more successful trader. 1. Fear of Missing Out (FOMO): FOMO is a powerful emotion in trading. It happens when you see a stock or asset rapidly rising, and you feel the urge to jump in late just because everyone else is. This often leads to entering trades at poor levels, where the risk of reversal is high. Why It’s Dangerous: You end up making emotional decisions, ignoring your strategy. How to Avoid It: Stick to your plan and predefined entry/exit points. Remind yourself that opportunities in the market are endless; chasing a missed trade could lead to a bad decision. 2. Revenge Trading: This occurs after a loss, where you try to win back the money immediately by placing irrational trades. Instead of accepting a loss, traders emotionally double down, hoping to recover quickly, often resulting in even bigger losses. Why It’s Dangerous: Trading becomes emotional rather than strategic, leading to a cycle of poor decisions. How to Avoid It: Accept that losses are a part of the game. Take a break after a significant loss to clear your mind, and only return when you can trade objectively again. 3. Overconfidence After a Win: After a string of successful trades, traders may feel invincible and start to ignore their risk management rules. They increase their position size without realizing that the market can turn at any moment. Why It’s Dangerous: Overconfidence leads to taking on more risk than you can afford, which can wipe out profits or even lead to significant losses. How to Avoid It: Stick to your trading plan regardless of recent success. Don’t increase position sizes without a valid reason and proper risk management in place. 4. Greed – Holding On for Too Long: Sometimes, traders hold on to winning trades far too long, hoping for even bigger profits. Instead of taking profits at their target, they let greed take over and end up losing a significant portion of their gains when the market reverses. Why It’s Dangerous: Greed blinds traders to the signals that it's time to exit. How to Avoid It: Set clear profit targets and stick to them. Use trailing stop-losses to lock in profits while allowing for potential additional gains. 5. Not Accepting Losses – Holding on to Losing Trades: Many traders struggle with cutting their losses because it feels like admitting defeat. They hold on to losing trades for far too long, hoping the market will turn in their favor, which often results in deeper losses. Why It’s Dangerous: Holding onto losing trades can drain your capital and emotional reserves. How to Avoid It: Have a strict stop-loss in place for every trade. Accept that small losses are part of trading and necessary for long-term success. Conclusion: In trading, your mindset and emotions can be as critical as your technical analysis or strategy. By recognizing these common psychological traps—FOMO, revenge trading, overconfidence, greed, and refusing to accept losses—you can manage your emotions better and make more objective trading decisions. Always remember: successful trading is not just about big wins; it’s about consistency, discipline, and emotional control. What psychological traps have you experienced in your trading journey? Share your experiences in the comments below and let’s learn together!
NSE:NIFTYEducation
by keshevdugar
2