NIFTY: Thursday - 01/12/2022When things are in ATH, it's hard to give correct resistance levels.
Levels:
Support: 18670, 18600, 18530
Resistance: 18800, 18870, 19000
OI Data:
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Nifty => Price: 18758.35
ATM: 18750 , ITM: 18700, 18650, 18600 , OTM: 18800, 18850, 18900
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Highest OI Call in Nifty per OI data: 19000
Highest OI Put in Nifty per OI data: 18600
Nearest Major Resistance in Nifty per OI data: 18950
Nearest Major Support in Nifty per OI data: 18750
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Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18830 | 18790 | 18900 | 19000
-----------------------------------------
SELL | < 18700 | 18750 | 16620 | 18550
+++++++++++++++++++++++++++++++++++++++++
Indianstocksanalysis
Tilak Nagar Industries Ltd (TI): Double Bottom PattenNSE:TI is showing bullish price actions:
Technical Reasons:
A double bottom W patten is created
Tried to see if it's a Harmonic XABCD patten, not fully complying with this
Volume is going up,
Current trend is uptrend
Strong Momentum: Price above short-, medium- and long-term moving averages
Fundamental Reasons:
1. FII / FPI or Institutions increasing their shareholding
2. Negative to Positive growth in Sales and Profit with Strong Price momentum
3. Highest Recovery from 52 Week Low
4. High volume
5. Consistent Highest Return Stocks over Five Years - Nifty500
Trade : Buy above 110, SL: 106, T: 114/117
Sell below: 104, SL: 107, T: 100/97
Equitus Small Finance Bank: Breakout with volumeNSE:EQUITASBNK shows bullishness because of:
A clear rectangular consolidation brakout
High volume
The daily candle is bullish engulfing with the low touching the bottom of the channel (but still able to pass the mid point, near to top channel)
Trade: Buy above 58, SL: 56, T: 65/68
Sell below: 54, SL: 57, T: 51/48
GRSE: Breakout mode after a consolidationNSE:GRSE - Garden Reach Shilbuilders is showing a good, clear upmove after breaking a rectangle consolidation zone.
In last 1 week's trading session it shows a strong positive upmove with increasing volume build up. Perfect to poise to move towards 550 zone in near term.
Buy zone: 495-505,
SL: 480,
Target: 550
Bank Nifty: Wednesday - 30/11/22Levels:
Support: 43000, 42775, 42500, 42350
Resistance: 43280, 43350, 43600, 43900
OI Data:
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Bank Nifty => Price: 43053.45
ATM: 43100 , ITM: 43000, 42900, 42800 , OTM: 43200, 43300, 43400
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Highest OI Call in Bank Nifty per OI data: 43200
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43400
Nearest Major Support in Bank Nifty per IO data: 42600
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Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 43150 | 43050 | 43350 | 43500
-----------------------------------------
SELL | < 42950 | 43050 | 42750 | 42600
+++++++++++++++++++++++++++++++++++++++++
Nifty: Wednesday - 30/11/22Levels:
Support: 18530, 18440, 18375, 18300
Resistance: 18610, 16675, 18730, 18850
OI Data:
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Nifty => Price: 18618.05
ATM: 18600 , ITM: 18550, 18500, 18450 , OTM: 18650, 18700, 18750
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Highest OI Call in Nifty per OI data: 19000
Highest OI Put in Nifty per OI data: 18500
Nearest Major Resistance in Nifty per OI data: 18750
Nearest Major Support in Nifty per OI data: 18550
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Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18650 | 18620 | 18750 | 18800
-----------------------------------------
SELL | < 18550 | 18590 | 18450 | 18400
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Tuesday - 29/11/22Levels:
Support: 42775, 42500, 42350
Resistance: 43000, 43350, 43600, 43900
OI Data:
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Bank Nifty => Price: 43020.45
ATM: 43000 , ITM: 42900, 42800, 42700 , OTM: 43100, 43200, 43300
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Highest OI Call in Bank Nifty per OI data: 43000
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43400
Nearest Major Support in Bank Nifty per IO data: 42600
---------------------------------------------------------------------|
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 43100 | 43000 | 43300 | 43450
-----------------------------------------
SELL | < 42900 | 43000 | 42700 | 42500
+++++++++++++++++++++++++++++++++++++++++
Nifty: Tuesday - 29/11/22Levels:
Support: 18530, 18440, 18375, 18300
Resistance: 18610, 18745, 18850
OI Data:
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Nifty => Price: 18562.75
ATM: 18550 , ITM: 18500, 18450, 18400 , OTM: 18600, 18650, 18700
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Highest OI Call in Nifty per OI data: 19000
Highest OI Put in Nifty per OI data: 18500
Nearest Major Resistance in Nifty per OI data: 18750
Nearest Major Support in Nifty per OI data: 18550
---------------------------------------------------------------------|
Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18560 | 18520 | 18650 | 18700
-----------------------------------------
SELL | < 18520 | 18560 | 18450 | 18400
+++++++++++++++++++++++++++++++++++++++++
NACL: Rounding Bottom Breakout with volumeNSE:NACLIND is showing bullishness because of:
A 6 months long rounding bottom breakout with very high volume sprout
A recent rectangular breakout.
High volume buildup in last 3 sessions, the build up is increasing.
Trade: Buy above 100, SL: 96, T: 105/107.50
Nifty: Monday - 28/11/22Levels:
Support: 18475, 18400, 18275, 18200, 18250
Resistance: 18550, 18630, 18725, 18850
OI Data:
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Nifty => Price: 18512.75
ATM: 18500 , ITM: 18450, 18400, 18350 , OTM: 18550, 18600, 18650
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Highest OI Call in Nifty per OI data: 19000
Highest OI Put in Nifty per OI data: 18300
Nearest Major Resistance in Nifty per OI data: 18650
Nearest Major Support in Nifty per OI data: 18450
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Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18775 | 18550 | 18630 | 18700
-----------------------------------------
SELL | < 18450 | 18780 | 18400 | 18300
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Monday - 28/11/22Levels:
Support: 42750, 42500, 42350
Resistance: 43000, 43350, 43600, 43900
OI Data:
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Bank Nifty => Price: 42983.95
ATM: 43000 , ITM: 42900, 42800, 42700 , OTM: 43100, 43200, 43300
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Highest OI Call in Bank Nifty per OI data: 43000
Highest OI Put in Bank Nifty per IO data: 43000
Nearest Major Resistance in Bank Nifty per OI data: 43400
Nearest Major Support in Bank Nifty per IO data: 42600
---------------------------------------------------------------------|
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 43350 | 43200 | 43550 | 43700
-----------------------------------------
SELL | < 42550 | 42700 | 42350 | 42200
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Thursday - 24/11/22Levels:
Support: 42600, 42500, 42350, 42250
Resistance: 42700, 42775
OI Data:
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Bank Nifty => Price: 42729.1
ATM: 42700 , ITM: 42600, 42500, 42400 , OTM: 42800, 42900, 43000
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Highest OI Call in Bank Nifty per OI data: 43000
Highest OI Put in Bank Nifty per IO data: 42500
Nearest Major Resistance in Bank Nifty per OI data: 43100
Nearest Major Support in Bank Nifty per IO data: 42400
---------------------------------------------------------------------|
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42800 | 42700 | 43000 | 43150
-----------------------------------------
SELL | < 42600 | 42700 | 42450 | 42300
+++++++++++++++++++++++++++++++++++++++++
Nifty: Thursday - 24/11/22Levels:
Support: 18220, 18150, 18080, 18000
Resistance: 18300, 18375, 18440
OI Data:
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Nifty => Price: 18267.25
ATM: 18250 , ITM: 18200, 18150, 18100 , OTM: 18300, 18350, 18400
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Highest OI Call in Nifty per OI data: 18300
Highest OI Put in Nifty per OI data: 18000
Nearest Major Resistance in Nifty per OI data: 18450
Nearest Major Support in Nifty per OI data: 18050
---------------------------------------------------------------------|
Trade setup:
1. If Nifty Opens up more than 200 points, safely sell.
2. For any buy trade, follow the N pattern (let the price run above the level, let it retrace back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pulls back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 18320 | 18280 | 18380 | 18440
-----------------------------------------
SELL | < 18200 | 18240 | 18100 | 18050
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Tuesday - 22/11/22Levels:
Support: 42350, 42230, 42100, 41925
Resistance: 42500, 42575, 42620
OI Data:
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Bank Nifty => Price: 42346.55
ATM: 42300 , ITM: 42200, 42100, 42000 , OTM: 42400, 42500, 42600
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Highest OI Call in Bank Nifty per OI data: 42500
Highest OI Put in Bank Nifty per IO data: 42000
Nearest Major Resistance in Bank Nifty per OI data: 42700
Nearest Major Support in Bank Nifty per IO data: 42100
---------------------------------------------------------------------|
Trade setup:
1. For any buy trade, follow the N pattern (let the price run above the level, let it retraces back to the level and let it hold the level as support)
2. For any sell trade, follow the mirror-N pattern (let the price fall below the level, let it pull back to the level and unable to pass through the level as resistance).
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 42400 | 42300 | 42600 | 428000
-----------------------------------------
SELL | < 42300 | 42400 | 42150 | 42000
+++++++++++++++++++++++++++++++++++++++++