Pre Market analysis for 26/12/2024
Pre Market analysis for 26/12/2024
#NIFTY50
If market opens flat and breaks 23750 will plan for buying for target 23880 level.
If market opens gap down, and breaks 23680, then plan for selling for target 23550. level.
If market opens gap up, and sustains above 23750 level, then plan for buying for target 23880 level.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Levels
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Now, the burning question on everyone's mind – how long does it take to learn options trading? Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts.
SBIN Support & Resistance As of December 20, 2024, State Bank of India (SBIN) closed at ₹812.00, experiencing a decline of ₹20.80 (-2.50%) from the previous close.
The following support and resistance levels have been identified for SBIN:
Support Levels:
S1: ₹823.90
S2: ₹813.15
S3: ₹804.87
Resistance Levels:
R1: ₹841.70
R2: ₹848.75
R3: ₹858.27
These levels are derived from various pivot point calculations, including Standard, Camarilla, Fibonacci, Woodie, and Demark methods.
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.
INDUSINDBK Support & ResistanceAs of December 24, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹935.30, reflecting a decrease of 0.51% from the previous close.
The following support and resistance levels have been identified for INDUSINDBK:
Support Levels:
S1: ₹924.45
S2: ₹907.75
S3: ₹875.00
Resistance Levels:
R1: ₹940.65
R2: ₹948.15
R3: ₹955.00
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.
Nifty 50 Support & ResistanceAs of December 24, 2024, the Nifty 50 Index closed at 23,587.50.
The following support and resistance levels have been identified for the Nifty 50:
Support Levels:
S1: 23,500
S2: 23,400
S3: 23,300
Resistance Levels:
R1: 23,700
R2: 23,800
R3: 23,900
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.
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.
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.
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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.