BANKNIFTY Support & Resistance As of December 24, 2024, the Nifty Bank Index (BANKNIFTY) closed at ₹51,233.00, reflecting a decrease of 0.16% from the previous close.
The following support and resistance levels have been identified for BANKNIFTY:
Support Levels:
S1: ₹51,119.64
S2: ₹51,006.27
S3: ₹50,875.04
Resistance Levels:
R1: ₹51,364.24
R2: ₹51,495.47
R3: ₹51,608.84
These levels are derived from pivot point calculations, which are commonly used in technical analysis to determine potential support and resistance areas.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
Levels
RELIANCE Support & ResistanceAs of December 24, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,272.00, reflecting an increase of 0.79% from the previous close.
The following support and resistance levels have been identified for RELIANCE:
Support Levels:
S1: ₹1,217.98
S2: ₹1,213.22
S3: ₹1,205.43
Resistance Levels:
R1: ₹1,229.27
R2: ₹1,238.32
R3: ₹1,243.08
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
AXISBANK Support & ResistanceAs of December 24, 2024, Axis Bank Limited (AXISBANK) closed at ₹1,078.90, reflecting a slight decrease of 0.02% from the previous close.
The following support and resistance levels have been identified for AXISBANK:
Support Levels:
S1: ₹1,075
S2: ₹1,071
S3: ₹1,066
Resistance Levels:
R1: ₹1,084
R2: ₹1,089
R3: ₹1,093
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
ICICIBANK Support & ResistanceAs of December 24, 2024, ICICI Bank Limited (ICICIBANK) closed at ₹1,296.80, reflecting an increase of 0.65% from the previous close.
The following support and resistance levels have been identified for ICICIBANK:
Support Levels:
S1: ₹1,290
S2: ₹1,283
S3: ₹1,276
Resistance Levels:
R1: ₹1,304
R2: ₹1,312
R3: ₹1,319
These levels are derived from technical analyses, including pivot point calculations and moving averages.
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
BPCL Support & ResistanceAs of December 24, 2024, Bharat Petroleum Corporation Limited (BPCL) closed at ₹289.10, reflecting a slight increase of 0.02% from the previous close.
The following support and resistance levels have been identified for BPCL:
Support Levels:
S1: ₹285.10
S2: ₹280.07
S3: ₹275.65
Resistance Levels:
R1: ₹292.00
R2: ₹295.50
R3: ₹298.67
These levels are derived from various technical analyses, including pivot point calculations and moving averages.
MUNAFASUTRA
Please note that support and resistance levels are dynamic and can change based on market conditions.
It's advisable to consult real-time data and consider multiple technical indicators before making any trading decisions.
#TATAMOTORS Reaction from a local Support.
#TATAMOTORS Reaction from a local Support.
#Disclaimer
Investments in the securities market are subject
to market risks. Read all the related documents
carefully before investing.
Registration by SEBI and certification from NISM in
no way guarantee the performance of the
intermediary or provide any assurance of returns
to investors.
State Bank of India view for Intraday 24th Dec #SBIN
State Bank of India view for Intraday 24th Dec #SBIN
Resistance 825 Watching above 826 for upside movement...
Support area 800 Below 815 ignoring upside momentum for intraday
Support 810 Watching below 808 or downside movement...
Resistance area 825
Above 815 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Biocon Ltd view for Intraday 24th Dec #BIOCON
Biocon Ltd view for Intraday 24th Dec #BIOCON
Resistance 335 Watching above 335 for upside movement...
Support area 325 Below 330 ignoring upside momentum for intraday
Support 325 Watching below 325 or downside movement...
Resistance area 335
Above 330 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Aurobindo Pharma Ltd view for Intraday 24th Dec #AUROPHARMA
Resistance 1260-1265 Watching above 1265 for upside movement...
Support area 1230 Below 1240 ignoring upside momentum for intraday
Support 1230 Watching below 1225 or downside movement...
Resistance area 1260-1265
Above 1240 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Bharat Forge Ltd view for Intraday 24th Dec #BHARATFORG
Bharat Forge Ltd view for Intraday 24th Dec #BHARATFORG
Resistance 1310 Watching above 1312 for upside movement...
Support area 1280 Below 1300 ignoring upside momentum for intraday
Support 1280 Watching below 1277 or downside movement...
Resistance area 1310
Above 1290 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Pre Market analysis for 24/12/2024
Pre Market analysis for 24/12/2024
#NIFTYBANK
If market opens flat and breaks 51400 will plan for buying for target 51700 level. If market opens gap down, and breaks 51200 will plan for selling for target 50900.
If market opens gap up, wait for retest of 51400 level, then plan for buying for target 51700.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Pre Market analysis for 24/12/2024
Pre Market analysis for 24/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for
buying for target 23900 level.
If market opens gap down, wait for retest of yesterday closing, then plan
for selling for target
23500. level.
If market opens gap up, and sustains above 23700
level, then plan for buying for target 23900 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Technical Trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified.
There is virtually no limit to the profit potential of technical analysis. Profitability within the discipline largely depends on the trader's expertise, adherence to tried and tested strategies, and the amount of risk undertaken and capital employed by the trader.
Technical AnalysisWhether you're scalping forex or investing in stocks, you can make use of technical analysis to find and plan trades. It can also provide an excellent method of determining your entry and exit points for a position. As we've seen in earlier courses, a market rarely moves in a straight line.
average true range (ATR)
Moving average convergence/divergence (MACD)
Fibonacci retracements.
Relative strength index (RSI)
Pivot point.
Stochastic.
Parabolic SAR.
Trading databaseTrading data is a sub-category of financial market data. It provides real-time information about stock and market prices as well as historical trends for assets such as equities, fixed-income products, currencies and derivatives.
SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies.
Parquet - Original first choice and most often the best choice for projects for all of the reasons discussed here. Best compression (roughly 3x smaller than HDF5 and 10x smaller than CSV), Best read time (when using multi cores) and best compatibility with different systems
RSI divergence indicatorAn RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low.
What is the best RSI setting for divergence?
What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
Option chain in trading What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models.
The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.
ADX: The Trend Strength IndicatorThe average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame.
When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
Indusind Bank Ltd view for Intraday 23rd Dec #INDUSINDBK
Indusind Bank Ltd view for Intraday 23rd Dec #INDUSINDBK
Resistance 940 Watching above 942 for upside movement...
Support area 914-915 Below 930 ignoring upside momentum for intraday
Support 914-915 Watching below 913 or downside movement...
Resistance area 940
Above 925 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
Fortis Healthcare Ltd view for Intraday 23rd Dec #FORTIS
Fortis Healthcare Ltd view for Intraday 23rd Dec #FORTIS
Resistance 685 Watching above 686 for upside movement...
Support area 685 Below 677 ignoring upside momentum for intraday
Support 670 Watching below 669 or downside movement...
Resistance area 685
Above 677 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
State Bank of India view for Intraday 23rd Dec #SBIN
State Bank of India view for Intraday 23rd Dec #SBIN
Resistance 820 Watching above 821 for upside movement...
Support area 800 Below 810 ignoring upside momentum for intraday
Support 800 Watching below 798 or downside movement...
Resistance area 820
Above 810 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,