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Nifty Intraday Support & Resistance Levels for 04.07.2024Nifty opened gap-up, making a new all-time high of 24,309.15 and closed at higher levels, gaining 162 points. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Near Support/Demand Zone (15m): 23,985 - 24,012 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand Zone (Daily): 23,350 - 23,667 Currently, there is no supply zone seen on the chart. Note: Small Demand/Support zone (5m) is at 24239 - 24260
NSE:NIFTY
by PriteshPal
25th Oct ’23 - Pure support & resistance play - 42576 nxt level?BankNifty Analysis BankNifty was a pure support and resistance play today. If you had seen my charts earlier - you would have seen the marked SR zones and noticed how we reacted to 3 of those levels today. Open was gap-up above the 43253 SR level. We went up to 43404 zone and got rejected and came back. We spent some time back at the 43253 levels with no special directional intent. The options flow was perfectly in sync with this non-directional bias for this short period. The rejection of 43253 came at 12.00 (strong red candle) and we cut through the 43012 SR level by 12.40 (another strong red candle). From there we retested the 43012 level at 14.10 & 14.15 only to be rejected. One of the reasons BankNifty held its ground today was due to these closely stacked support/resistance levels if not we should have fallen more than Nifty50 today. On the 1hr TF, the next level to watch out is 42576. Below that there is a big gap till 41624, which means if we manage to break 42576 tomorrow - the next fall is going to be steep enough. BN will have its expiry along with Nifty50 tomorrow and I wish to maintain my bearish stance.
NSE:BANKNIFTYShort
by viswaram
Banknifty Intraday Levels Analysis, 3rd Nov 2021Hello Traders, Wish you all a Great and Happy Diwali. Stay safe and enjoy with your family members. Strategy to follow : Avoid 3rd Nov Expiry Trading ... Trade next weeks expiry. Please trade accordingly the levels marked. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTY
by kiranrshinde
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