Utilizing 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...
Stock is on its short term support level making it a buying zone Targeting the price level of 1023. Stock has fallen around 10% in the previous trading day but there is very low sales volume indicating the price rise Note: This is not a recommendation of stock content is only for educational purpose do your own analysis before investing.
BankNifty found substantial support within the second support zone highlighted in the previous post, triggering a remarkable rally of over 800 points from the day's low. The near support zone remains unchanged, spanning from 46870 to 47015, with a further support level observed at 46547, a significant Fibonacci level at 61.8%. On the resistance front, the nearest...
Nifty found support within the 21800 to 21850 zone and staged a commendable recovery, rallying nearly 300 points from the day's low. The nearest resistance levels are anticipated between 22148 and 22187, as well as between 22244 and 22369, with a further resistance zone identified at 22409 to 22589. Meanwhile, the nearest support remains unchanged from the last...
As we can see BANKNIFTY exactly reversed from our given trendline as analysed in our previous post. We also saw multiple signs of rejection from the trendline and we did see a great 500++ point recovery from there. Now based on the candle formation , we can expect BANKNIFTY to rally more of 1000-2000 points in coming trading sessions so till results are declared...
NSE:NIFTY Highest Call writing of 55.44 Lakh at 22500 Strike followed by 42.06 Lakh at 22300 Strike and 34.31 Lakh at 22200 strike. Maximum Put writing of 46.65 Lakh at 22000 Strike followed by 23.52 Lakh at 21900 strike and 23.08 Lakh at 21800 Strike. Index closed near 22055 level. Index has strong support near 21975 - 21925 level and if this support is...
NSE:BANKNIFTY Highest Call writing of 33.89 Lakh at 48000 strike followed by 23.54LLakh at 49000 strike and 20.67 Lakh at 48500 strike. Highest Put writing of 18.87 Lakh at 47500 strike followed by 13.26 Lakh at 46500 strike and 14.73 Lakh at 47000 strike. Index closed near 47420 level. Index may reach near 46980 level if 47250 support level broken. If 46980...
NSE:CNXFINANCE Maximum Call writing near CMP is at 21500 strike with 14.62 Lakh followed by 12.22 Lakh Call at 21600 Strike and 10.92 Lakh at 21400 strike. Maximum Put writing is at 22.53 Lakh at 20500 strike followed by 9.09 Lakh Put writing at 20600 strike and 8.11 Lakh at 20700 strike. Index closed near 21095 level. Index has support near 20975 level and if...
NSE:NIFTY_MID_SELECT Maximum Call writing of 22.88 Lakh is at 11000 strike followed by 20.28 Lakh at 11200 Strike and 19.35 Lakh at 11100 strike and Put writing of 23.14 Lakh at 10700 Strike followed by 19.22 Lakh at 10800 Strike and 17.11 Lakh at 10500 strike. Index is closed near 10880 level. Index has support near 10750 - 10700 level and if this support is...
Navigating Nifty 50 Index Levels for May 14, 2024 *As the trading session approaches on May 14, 2024, understanding the key support and resistance levels for Nifty 50 is essential for devising a well-informed trading strategy. Here's a detailed analysis to guide your trading decisions.* ### Resistance Zones: 1. **Primary Resistance Zone:** If the market opens...
Analyzing Bank Nifty Index Levels for May 14, 2024 *As of May 13, 2024, Bank Nifty is poised for potential movements, and understanding key support and resistance levels is crucial for informed trading decisions. Here's a comprehensive analysis for navigating the Bank Nifty Index on May 14, 2024.* ## Support Levels: 1. **Primary Support:** 47656 2. **Secondary...
It seems ITC has probably formed a base after consuming a good demand zone on 75 Mins TF and as per Dow Theory model, making higher lows and higher highs. As per my primary rationale of Elliott Wave analysis, it is forming a leading diagonal structure for Wave 1 on 75 Mins TF chart as shown hereby. We can confirm this once it consumes some demand at Wave 2...
NSE:LTTS This Guy Falls Almost 16.3% in Last 20 - Days Now at Support Zone ( Previous Resistance acts as Support Now ) Wait For Weekly Closing and Enter any Reversal confirmation.
Please find below simple resistance and support: Resistance: 22132 If crossed up then will see upward move: TGT: 22338 (1 small hurdle at 22186) Support: Trendline support although 21934 If crossed down then will see downward move: TGT: 21820 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED...
NSE:ASTRAL This Break the 1 Year Consolidation Zone Wait For Weekly Closing How Weekly Candle Closing
Current Trend: BankNifty has experienced seven consecutive days of selling pressure, but this trend appeared to ease somewhat on Friday. Key Levels: Resistance : Immediate resistance is seen at 47600. Support : Support is established around the 47300 level. Potential Scenarios: Rejection or Breakout/Breakdown: Watching for how BankNifty reacts at...
FinNifty 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...
Nifty 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...