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NSE 50_Long Nifty 50Hi traders, Currently Nifty 50 trading Above Support Zone Above 24k which 24213. Pros:- Inside Candle @ Support Area which took nifty almost 350 points above from Intraday low. :- Positive news of US elections of Trump comeback. :- Major Financial and Metal sector contributing for Nifty Rally. :- Go long In Dec-2024 futures & Options of Nov-2024 until opportunity gives at 24k Zone. :- Transaction data showing positive data before elections with irrespective of Election result in US. :- Nifty fell almost2k points from All time highs. :- Minimal Risk margin. :- Index recovered from Q2 opening price. :- RSI indicator rose above 30 which gives add on advantage. cons:- Anything may happen in Election results. Happy Trading!!Only for educational purpose.
NSE:NIFTYLong
by Babujoseph77
Banknifty is trading is a boxBanknifty is trading in a box breakout on any side can lead to mentioned targets. On the higher side my first target would be near 54800 and second target would be around 57000. In case of breakdown from the mentioned support zone we can see 50500 soon. I am biased towards the higher side looking at Private banks especially HDFC Bank. Also I believe we can see 2nd target by end of this month (Mostly during the end of this months expiry). Please note this is my personal opinion not a trading advice.
NSE:BANKNIFTY
by bhargavramts
Swing Trading Idea :: 02The daily chart forms a cup and handle pattern. The stock has recently made a higher high with volume buildup, a significant technical milestone, This indicates the potential for sustained upward momentum, especially as volume supported the breakout. The stock could face psychological resistance around INR 2000. If momentum continues and the stock decisively breaks above INR 2000, a further target could be set around historical levels. For a stop-loss level, consider placing it slightly below the retest level. These levels can be adjusted based on risk tolerance and evolving market conditions. Disclaimer: The information and publications are not meant to be, and do not constitute financial, investment, trading, or any other types of advice or recommendations.
NSE:SASKENLong
by chaitanyajerripothula95
Reliance Ind - Perfect buy! (Golden ratio + Change in polarity)Reliance industries gave a breakout from it's trading range in January, since then after making a high around 1600 (after split) has retraced 61% of it's upmove. (Fibonacci Golden ratio) It is also taking support at it's previous trading trading range high, exhibiting perfect 'Change in Polarity'. Change in Polarity refers to a market structure when price takes support at a previous resistance after a breakout, or when price takes resistance from a previous support after a break down. Trade details Enter long above 1300 Stop loss at 1250 (2% from entry) Target 1580-1600
NSE:RELIANCELong
by Tej10
Nifty Intraday Analysis for 05th November 2024NSE:NIFTY Index closed near 23995 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 58.53 Lakh 24500 Strike – 56.96 Lakh 24200 Strike – 41.33 Lakh Put Writing 24000 Strike – 45.83 Lakh 23500 Strike – 39.05 Lakh 24800 Strike – 24.16 Lakh Index has resistance near 24200 – 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24450 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23600 – 23500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 05th November 2024NSE:BANKNIFTY Index closed near 51215 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 31.69 Lakh 52500 Strike – 23.00 Lakh 53000 Strike – 22.40 Lakh Put Writing 51000 Strike – 13.17 Lakh 50200 Strike – 11.78 Lakh 50000 Strike – 11.00 Lakh Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range. Index has immediate support near 50900 - 50800 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 05th November 2024NSE:CNXFINANCE Index closed near 23660 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 31.30 Lakh 24100 Strike – 25.21 Lakh 24200 Strike – 23.68 Lakh Put Writing 23000 Strike – 21.05 Lakh 23500 Strike – 15.77 Lakh 23200 Strike – 15.21 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23300 – 23200 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 05th November 2024NSE:NIFTY_MID_SELECT Index closed near 12290 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12300 Strike – 6.47 Lakh 12400 Strike – 1.52 Lakh 12500 Strike – 1.41 Lakh Put Writing 12300 Strike – 6.71 Lakh 12200 Strike – 2.22 Lakh 12000 Strike – 1.78 Lakh Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range. Index has immediate support near 12225 – 12175 range and if this support is broken then index may tank near 12050 – 12950 range.
NLong
by RKMAURYA
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power. A Navratna company National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies. Forward Integration NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum. Market Cap ₹ 68,796 Cr. Current Price ₹ 235 High / Low ₹ 286 / 160 Stock P/E 11.2 Book Value ₹ 87.5 Dividend Yield 3.11 % ROCE 30.9 % ROE 23.9 % Face Value ₹ 1.00 Industry PE 20.7 Debt ₹ 3,359 Cr. EPS ₹ 20.1 Promoter holding 60.8 % Intrinsic Value ₹ 470 Pledged percentage 0.00 % EVEBITDA 6.58 Change in Prom Hold 0.00 % Profit Var 5Yrs 4.67 % Sales growth 5Years 11.9 % Return over 5years 22.2 % Debt to equity 0.13 Net profit ₹ 5,887 Cr. ROE 5Yr 24.0 % Profit growth 23.1 % Earnings yield 15.2 % PEG Ratio 2.39 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
NSE:NMDCLong
by TraderRahulPal
4
BankNifty levels - Nov 06, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Nov 06, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NATIONALALUM#NATIONALUM Trend: Stock is in an uptrend with recent breakout through resistance levels. Support Level: Around *220. Resistance Level: Near *240 (recent high). Volume: High trading volume, indicating strong buying interest. Entry Point: Buy near *220-225 on pullback for optimal entry. Short-Term Target: 245-250 if uptrend continues. Stop Loss: Place stop loss around *210 to limit downside risk. Outlook: Bullish; look for potential pullback to support zone for a better buying opportunity.
NSE:NATIONALUMLong
by SkyTradingZone