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Supply and Demand

Banknifty Intraday Analysis for 27th December 2024NSE:BANKNIFTY Index closed near 51170 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 10.74 Lakh 51500 Strike – 8.25 Lakh 52500 Strike – 6.27 Lakh Put Writing 51500 Strike – 8.44 Lakh 51000 Strike – 7.60Lakh 50000 Strike – 7.18 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Midnifty Intraday Analysis for 27th December 2024NSE:NIFTY_MID_SELECT Index closed near 12790 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 12800 Strike – 13.01 Lakh 12900 Strike – 8.24 Lakh 13000 Strike – 9.87 Lakh Put Writing 12500 Strike – 10.98 Lakh 12800 Strike – 10.11 Lakh 12700 Strike – 8.34 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Nifty levels - Dec 30, 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
BankNifty levels - Dec 30, 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
GOLD goes sideway to celebrate the New YearScenario 1: Sell Trade Idea: Wait for the price to reach the FVG H1 or Supply Zone and confirm a bearish reversal before entering a sell trade. Entry Point: Sell within the range of 2,631 - 2,643 (inside the FVG H1). Look for bearish reversal candlestick patterns such as Doji, Shooting Star, or Bearish Engulfing. Stop Loss (SL): Place the SL above the Supply Zone at 2,665 to protect against a breakout. Take Profit (TP): Target 1: 2,621 (Demand H1, nearest support). Target 2: 2,616 - 2,596 (Lower Demand Zone, stronger support). Risk-to-Reward Ratio (R:R): For Entry at 2,640 and SL at 2,665: TP1: R:R ~ 2.0. TP2: R:R ~ 3.6. Scenario 2: Buy Trade Idea: Wait for the price to drop into the Demand H1 or lower Demand Zone for a buying opportunity when bullish reversal signals appear. Entry Point: Buy within the range of 2,621 - 2,616 (Demand H1). If the price breaks this zone, wait for it to reach 2,596 - 2,584 (Lower Demand Zone). Stop Loss (SL): Place the SL below the Demand Zone at 2,582 to safeguard against further drops. Take Profit (TP): Target 1: 2,631 (Fibonacci 0.5 level and FVG H1). Target 2: 2,643 - 2,650 (next resistance area). Risk-to-Reward Ratio (R:R): For Entry at 2,621 and SL at 2,582: TP1: R:R ~ 2.5. TP2: R:R ~ 4.5. Key Notes: Signal Confirmation: Use additional indicators like RSI (to confirm overbought/oversold levels) or MACD (to validate momentum). Risk Management: Risk no more than 1-2% of your capital per trade. Price Action Monitoring: Observe closely how the price reacts at the supply and demand zones to make informed decisions.
OANDA:XAUUSD
by Homnaytradegi
Bitcoin goes down 27.12.24Scenario 1: Sell Trade Idea: Wait for the price to reach the FVG H1 zone (97,293.79 - 98,567.87) or the Supply Zone for a selling opportunity when reversal signals appear. Entry Point: Sell within the price range: 97,300 - 98,500 (inside the FVG H1 zone). Look for reversal candlestick patterns like Doji, Shooting Star, or Bearish Engulfing for confirmation. Stop Loss (SL): Place the SL above the Supply Zone at 99,600 to avoid being stopped out if the zone gets tested. Take Profit (TP): Target 1: 95,400 (Fibonacci 0.618 level, near the Demand H1 zone). Target 2: 94,100 - 93,500 (Demand H1 zone, coinciding with Fibonacci 0.786 - 0.86 levels). Risk-to-Reward Ratio (R:R): For Entry at 97,300 and SL at 99,600: TP1: R:R ~ 2.2. TP2: R:R ~ 4.2. Scenario 2: Buy Trade Idea: Wait for the price to drop into the Demand H1 or the broader Demand Zone for a buying opportunity when bullish signals appear. Entry Point: Buy within the price range: 94,100 - 93,500 (inside the Demand H1 zone). Look for bullish reversal candlestick patterns like Hammer or Bullish Engulfing. Stop Loss (SL): Place the SL below the Demand Zone at 93,200 to avoid being stopped out in case of a deeper retracement. Take Profit (TP): Target 1: 96,200 (Fibonacci 0.5 level). Target 2: 97,300 - 98,500 (FVG H1 zone, nearest resistance). Risk-to-Reward Ratio (R:R): For Entry at 94,100 and SL at 93,200: TP1: R:R ~ 2.1. TP2: R:R ~ 3.8. Notes: Risk Management: Only risk 1-2% of your capital per trade. Signal Confirmation: Wait for price action confirmation or supporting indicators like RSI or MACD to improve the probability of success. Trading Psychology: Stick to the plan and avoid entering trades if the price doesn’t reach your desired zones.
Short
by Homnaytradegi
BankNifty Intraday Support & Resistance Levels for 27.12.2024On Thursday, BankNifty opened gap-up, climbing to a high of 51,740 before facing resistance and dipping to a low of 50,951.80. It closed the session at 51,170.70, losing 62 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,688 - 50,909 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 27.12.2024On Thursday, Nifty opened gap-up, reaching a high of 23,854.50 before dipping to a low of 23,653.60. It ended the session at 23,750.20, gaining 22 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23,537.35 - 23,632.30 Near Demand/Support Zone (75m): 23,447.15 - 23,578.60 (tested) Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,892.70 - 23,993.90 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Support&Resistance Levels for 24th Dec TuesdayNifty ranged between 200 points giving both sides chance to make money out of it if properly executed on support and resistances. Key levels for tomorrow Tuesday are:- Resistance is 23850 area if sustains above long for the targets of 23900,23950,24000,24075,24100. Support is 23650 area if sustains below short for the targets of 23600,23550,23500,23425,23400. If stays in today range mark high and low of prior day upon rejection on either side of extremes take entries accordingly play sideways. Educational purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
Nifty Intraday Analysis for 26th December 2024NSE:NIFTY Index closed near 23730 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 119.13 Lakh 23800 Strike – 77.03 Lakh 24900 Strike – 56.41 Lakh Put Writing 23500 Strike – 92.01 Lakh 23700 Strike – 66.12 Lakh 23800 Strike – 60.35 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 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 26th December 2024NSE:BANKNIFTY Index closed near 51235 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 6.81 Lakh 51500 Strike – 5.83 Lakh 52500 Strike – 4.08 Lakh Put Writing 51500 Strike – 6.66 Lakh 51000 Strike – 5.77 Lakh 52000 Strike – 4.90 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 26th December 2024NSE:CNXFINANCE Index closed near 23740 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 3.14 Lakh 23800 Strike – 2.67 Lakh 23900 Strike – 2.22 Lakh Put Writing 23800 Strike – 2.36 Lakh 24000 Strike – 2.29 Lakh 23500 Strike – 2.28 Lakh Index has resistance near 23900 - 23950 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCE
by RKMAURYA
How to draw support and resistance The most reliable source for identifying support and resistance levels is historical prices, making them invaluable to traders. The key is to familiarise yourself with past patterns – sometimes from very recent activity – so you can recognise them if they appear again. Simply mark visible highs and lows on your chart; the higher highs and lower highs will serve as resistance levels, whereas the lower lows and higher lows will serve as support levels. It is always recommended that these lines are marked on longer timeframes to have reliable support and resistance levels.
NSE:IGLEducation
by SkyTradingZone
Midnifty Intraday Analysis for 26th December 2024NSE:NIFTY_MID_SELECT Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 12800 Strike – 12.51 Lakh 13000 Strike – 9.48 Lakh 12900 Strike – 8.03 Lakh Put Writing 12800 Strike – 6.65 Lakh 12700 Strike – 4.97 Lakh 12600 Strike – 3.79 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Dec 27, 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
BankNifty levels - Dec 27, 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
Consolidation Breakout with a Pullback . Watch for Reversal!📊 Stock: KFin Technologies Ltd. 📅 Timeframe: Daily Chart 🚀 Consolidation Breakout with a Pullback The stock recently broke out of a consolidation box and is now experiencing a pullback. A potential bullish reversal could be on the cards! 🔑 Key Levels to Watch: 1️⃣ Resistance Zone: ₹1,450-1,500 (Key hurdle to clear) 2️⃣ Support Zone: ₹1,300-1,350, 1200 (Demand zone from the breakout box) 3️⃣ Potential Targets: 🎯 Short-Term: ₹1,600 🎯 Medium-Term: ₹1,750+ 🌟 Why This Pullback is Interesting: ✅ Volume Insights: The breakout was accompanied by strong volume, reflecting buyer interest. ✅ Trend Continuation: The stock is above the 50-day (green) and 200-day (yellow) moving averages, affirming a strong uptrend. ✅ Healthy Pullback: Retesting the breakout zone signals a potential base for long-term growth. 🛡️ Risk-Reward: A reversal near ₹1,350-1200 offers a low-risk entry with significant upside potential. Watch for volume spikes as confirmation. 📝 Trading Plan: 🔹 Wait for Reversal: ₹1,350-1300-1200. Wait for a confirmation before entering. Or add in parts in these levels. 🔹 Stop-Loss (SL): ₹1,150 (strict) 🔹 Targets: Short-Term: ₹1,600 Medium-Term: ₹1,750+ Exercise extreme caution trading these markets. There is a high chance of long setups failing. New traders trade light or stay on the sidelines and watch. Please protect your capital at any cost. 📌 Tip: Pullbacks to breakout zones often offer excellent risk-reward setups. Look for bullish reversal candles to confirm the bounce.
NSE:KFINTECHLong
by sagartharayil
Happy Newyear XAUUSD (GOLD)Gold will continue to trend sideways during the holidays. The expected target if increased will not exceed 2650 and decreased not less than 2600. Key Zones: Supply Zone: Located between 2,629 and 2,634. This is a significant resistance area where selling pressure might occur, leading to a potential price reversal downward. Demand Zones: Demand M15: A smaller demand zone on the 15-minute timeframe, located between 2,611 and 2,612. This zone is expected to see a short-term price reaction upwards. Demand H1: A stronger demand zone on the hourly timeframe, located between 2,604 and 2,608. This acts as a more robust support level if the price declines further. FVG H1 (Fair Value Gap): Positioned above the Supply Zone. This indicates an imbalance in liquidity on the H1 timeframe, where the price might revisit to fill the gap. 2. Price Pattern: Neckline Bottom Pattern: The price is testing the neckline level (indicated by the horizontal black line). A breakout above the neckline could trigger further upward momentum toward the Supply Zone. 3. Trading Scenarios: Bearish Scenario: Entry Point (Sell): Around the Supply Zone (2,629 – 2,634). Stop Loss: Above the Supply Zone, approximately at 2,635. Take Profit: First target: Demand M15 (2,612). Second target: Deeper level at Demand H1 (2,604). Bullish Scenario: Entry Point (Buy): Around Demand M15 (2,612) or Demand H1 (2,604). Stop Loss: Below the Demand H1 zone, around 2,603. Take Profit: First target: The neckline level or around 2,624. Second target: Supply Zone (2,629 – 2,634). 4. Key Notes: Ensure confirmation of price reaction at each zone before entering trades (e.g., candlestick patterns, volume spikes, or momentum indicators like RSI or MACD). Monitor price behavior around the neckline. A strong breakout could invalidate the bearish scenario.
OANDA:XAUUSD
by Homnaytradegi