OPTION CHAIN TRADINGAn option chain is a comprehensive list that shows you all available option contracts for a given stock. These are sorted by their expiration date, which is the last day you can trade or use the option, and strike price, which is the price at which you can buy (call) or sell (put) the stock.
A call option buyer stands to profit if the underlying asset, say a stock, rises above the strike price before expiry. A put option buyer makes a profit if the price falls below the strike price before the expiration.
Levels
Once again, Wave Analysis has proven its worth
#ABB :-
Once again, Wave Analysis has proven its worth
I shared a bearish idea, and it Fall from 8700 to 6600.
Then, I shared Bullish idea, and it Move 6700 to 7900 Till Now.
We saw the market act accordingly
It's a simple strategy, but it works.
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Markets move in waves, and it's important to be able to recognize and anticipate these movements.
Pre Market analysis for 16/12/2024
Pre Market analysis for 16/12/2024
#NIFTY50
If market opens flat and breaks 24800 will plan for buying for target 25000 level. If market opens gap down, wait for reversal at 24550 level then plan for buying for target 24800. Wait for 5mins bullish candle at 24550 level.
If market opens gap up, wait for retest of yesterday closing, then plan for buying for target 25000.
Disclaimer:-All views are my personal and only for educational purpose.
Pre Market analysis for 16/12/2024
Pre Market analysis for 16/12/2024
#NIFTYBANK
If market opens flat and breaks 53650 will plan for buying for target 54000 level.
If market opens gap down, wait for reversal at 53400, then plan for buying for target 53800,54000 levels.
If market opens gap up, wait for retest of yesterday closing (53650), then plan for buying in for target 54000.
Disclaimer:-All views are my personal and only for educational purpose.
ULTRACEMCO Stock is trading near resistance level in daily time
#ULTRACEMCO
Stock is trading near resistance level in daily time frame. Can do good in coming days once resistance is broken and starts trading above the resistance.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
SIEMENS Stock is facing resistance in daily time frame
#SIEMENS
Stock is facing resistance in daily time frame near 7950 level.If resistance is
broken and stock sustains above the level,can do good in coming days.Keep on Radar.
Disclaimer:-All views are my personal and only for educational purpose.
#StockMarketIndia
#LetsLearnTogether
Database Trading As of June 2024, the most popular database management system (DBMS) worldwide was Oracle, with a ranking score of 1244.08; MySQL and Microsoft SQL server rounded out the top three
The trends towards cloud-native solutions, real-time data processing, and flexible data models underscore a paradigm shift in database technologies. NoSQL, with its inherent scalability and versatility, is at the forefront of this transformation.
RSI part 2 The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to detect overbought or oversold conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100.
The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Bharati Airtel Ltd view for Intraday 15th Dec #BHARTIARTL
Resistance 1600 Watching above 1704 for upside movement...
Support area 1670 Below 1690 ignoring upside momentum for intraday
Support 1679 Watching below 1779 or downside movement...
Resistance area 1700
Above 1585 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
HDFCBANK Support & Resistance levelsAs of mid-December 2024, HDFC Bank's stock is trading at ₹1,871.75 on the NSE, nearing its 52-week high of ₹1,880. The stock has demonstrated solid growth throughout the year, starting at ₹1,683.01 in January and delivering approximately 11.2% returns year-to-date
Key levels for December 2024:
Support levels: Around ₹1,864 to ₹1,868, based on recent lows observed earlier this month.
Resistance levels: The 52-week high of ₹1,880 acts as a critical resistance. Breaching this could open the path for further upward momentum
ICICIBANK Support & Resistance for the dayHere are the current support and resistance levels for ICICI Bank (as of December 2024):
Daily Levels (Intraday)
Support Levels:
S1: ₹1,320.95
S2: ₹1,312.65
S3: ₹1,303.75
Resistance Levels:
R1: ₹1,338.15
R2: ₹1,347.05
R3: ₹1,355.35
Weekly Levels
Support Levels:
S1: ₹1,301.03
S2: ₹1,273.07
S3: ₹1,250.03
Resistance Levels:
R1: ₹1,352.03
R2: ₹1,375.07
R3: ₹1,403.03
BAJFINANCE Support & Resistance levels Stock Market Performance
Current Share Price: ₹7,273 (approx., December 2024).
52-Week High/Low: ₹7,510 / ₹6,160.
Support Levels: ₹7,037, ₹6,890, and ₹6,800.
Resistance Levels: ₹7,273, ₹7,364, and ₹7,510
Market Sentiment: The stock has been trading near its resistance levels, indicating strong investor interest.
Expanding Digital Initiatives: Enhanced focus on digital lending through apps and partnerships with e-commerce platforms.
Branch Expansion: Increasing penetration in Tier II and Tier III cities.
ZOMATO Support & Resistance levels Zomato's stock has shown significant movement in recent months. As of December 15, 2024, the share price stands at ₹288.25. The stock has seen a strong recovery from its lows, with analysts identifying key support levels around ₹278.20 and resistance levels near ₹304.70. This range highlights potential areas of buying interest and selling pressure
Key Highlights:
Support and Resistance:
Support: ₹278.20 is a critical level where buyers may step in.
Resistance: ₹304.70 is a key zone that the price must surpass to indicate further bullish momentum
Over the past year, the stock price has risen significantly, reflecting a strong recovery from earlier lows.
Short-term projections suggest modest gains with potential targets around ₹289.7 if current momentum sustains
Company Overview: Zomato has transitioned from a food delivery service into a robust technology platform with global operations. Its services include restaurant discovery, food delivery, and kitchen ingredient supply. This diversification underpins its long-term growth potential
.
MRF Support & Resistance levels MRF Limited Overview and Current Market Levels
MRF Limited, India's largest tyre manufacturer, is a renowned multinational with a diverse product portfolio that includes tyres, tubes, conveyor belts, paints, and toys. It is recognized globally for its innovation and high-quality products, with a strong market presence both in India and internationally
Current Market Levels and Technical Outlook
As of mid-December 2024, MRF's stock price is trading near ₹133,235. Immediate support levels are identified at ₹125,864 and ₹121,093. On the resistance side, the key levels to watch are ₹133,803 and ₹136,971. If the stock breaks below its immediate support, a sharp decline towards ₹117,925 could occur. Conversely, a breakout above ₹136,971 could push the stock towards its 52-week high of ₹151,445
RELIANCE Support & Resistance levels The current share price of Reliance Industries Ltd. is around ₹1,272 (as of December 15, 2024). Here is an overview of the support and resistance levels:
Support Levels:
Primary Support: ₹1,249
Secondary Support: ₹1,227
Tertiary Support: ₹1,214
Resistance Levels:
Primary Resistance: ₹1,285
Secondary Resistance: ₹1,298
Tertiary Resistance: ₹1,321
Key Highlights:
Reliance Industries operates across sectors including petrochemicals, refining, oil exploration, telecommunications (Jio), and retail.
In the retail segment, it commands approximately 23% of revenues, serving over 190 million customers across 15,200+ outlets.
BANKNIFTY Support & Resistance levels Current Analysis for Bank Nifty (NSEBANK)
As of December 15, 2024, the Bank Nifty index reflects the performance of major banking stocks listed on the NSE and is closely tracked for market sentiment and trading opportunities.
Key Levels
Current Price: ₹53,583.80
Support Levels:
S1: ₹52,680.90
S2: ₹51,778.00
S3: ₹51,291.45
Resistance Levels:
R1: ₹54,070.35
R2: ₹54,556.90
R3: ₹55,459.80
PCR Trading Option A Advance Guide However, no PCR can be considered ideal, but usually, a PCR below 0.7 is typically viewed as a strong bullish sentiment while a PCR more than 1 is usually considered as a strong bearish sentiment.
One way to calculate PCR is by dividing the number of open interest in a Put contract by the number of open interest in Call option at the same strike price and expiry date on any given day. It can also be calculated by dividing put trading volume by call trading volume on a given day.
ADX Trading 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. Many traders consider the ADX to be the ultimate trend gauge because it is so reliable.
ADX quantifies trend strength by measuring the degree of directional movement in price. ADX calculations are based on a moving average of price range expansion or contraction over a given period. The default setting is 14 periods, although other settings can be used.
ADX can be used with any financial security, including stocks, exchange-traded funds, and futures.
The average directional index, known as ADX, is a technical tool used by traders to gauge trend strength.
Trading with the trend is considered a fundamental trading practice that reduces risk and increases profit potential.
ADX calculations use a moving average of price range expansion or contraction.
ADX is less useful when prices enter a trading range.
While ADX is a lagging indicator, it is considered reliable.
Wipro Support & Resistance Level for the day Wipro Limited is one of India's largest IT services companies and is actively traded on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). When analyzing Wipro’s support and resistance levels, we can apply technical analysis tools such as swing highs, swing lows, moving averages, Fibonacci retracement, and volume analysis.
Support Levels:
₹375 - ₹380 (Recent Low / Support Zone):
If Wipro has recently tested this level and bounced up, this would indicate strong support in the ₹375 - ₹380 range. A break below this zone could suggest further downside to the next support.
₹350 (Psychological Support):
The ₹350 level is a round number and could act as a psychological support zone. If the price approaches ₹350 and finds buying interest, this would confirm its strength as a support level.
₹320 - ₹330 (Previous Low / Support Zone):
If Wipro previously reversed direction around ₹320 to ₹330, this would be a key support zone. A break below this level would suggest significant weakness in the stock, potentially leading to a move towards lower levels.
Resistance Levels:
₹420 - ₹430 (Recent Highs / Resistance Zone):
If Wipro has faced resistance around ₹420 to ₹430 multiple times, this is a strong resistance zone. A break above this range could signal bullish continuation with the next resistance at higher levels.
₹450 (Key Resistance):
₹450 is a significant psychological resistance level. If Wipro has previously struggled to break above this level, it could act as strong resistance again. If Wipro breaks above this level with volume, it could signal further upside potential.
₹475 - ₹480 (Next Resistance Zone):
If the stock has touched or approached ₹475 - ₹480 in the past and failed to move higher, this range could be the next resistance zone. A sustained breakout above this level could target ₹500 or higher.
Key Areas to Watch:
Break Above ₹430:
A breakout above ₹430 would likely lead Wipro to test the next resistance levels at ₹450 and ₹475. Watch for volume confirmation to support the breakout.
Break Below ₹375:
A breakdown below ₹375 would suggest a possible shift to bearish momentum, and the stock could then test ₹350 or lower. If Wipro closes below ₹350, further downside could open up.