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Supply and Demand

Nifty Intraday Support & Resistance Levels for 25.10.2024On Thursday, Nifty opened flat, made a high of 24,480.65 and a low of 24,341.20 within the first hour of trading. The rest of the session saw Nifty move in a narrow range of 60-70 points, closing at 24,399.40, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. The key Demand and Supply zones are unchanged from the previous post. Nifty Demand/Support Zones: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Nifty Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545
NSE:NIFTY
by PriteshPal
jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services Chart Analysis and Buying Opportunity jio Fin Services is currently trading near a strong support level at ₹305. If the stock sustains above this zone, it could present a great buying opportunity! Support Zone 1 - 305 - SL- 300 Support Zone 2 - 285 - SL - 280 Stop Loss Set at ₹300 if the stock closes below this level. For long-term investors, this stock is a must-have in your portfolio! It shows solid fundamentals and potential for growth.
NSE:JIOFINLong
by manojshinde27
$AG setting up for a rip your face off rally #tothemoonFirst Majestic is a hated stock as of now, it also has the largest short position in the entire silver miners listed in NYSE. Bad sentiments and frustrated investors is a great combination to identify when a sector bottoms. Looking at the price action as of now, especially from $4.5 to $7.8 it looks like a strong bullish reversal. Also this is a institution move, smart money is buying silently. Also with silver heading to new highs, which means that silver miners are turning healthy. Many silver miners are making decent margins already around 15-20% OPM, the higher silver prices go the more Free Cash Flow will be generated which will directly impact bottom line. And, the valuations are dirt cheap. Reasons why like like First Majestic : - Acquired Gatos Silver recently, by this deal the net AISC improves, i feel it should be around $20-18. Before acquisition NYSE:AG AISC was $25, Gatos Silver being a low cost producer should now cumulatively bring the AISC down. - They also announced a share repurchase program which is a positive. - They are the only silver miner with a Mint capacity, First Mint Store. Unlike other mints, which are either government-owned or privately held. Good addition to capture the entire value chain. Well at current valuation and where the silver price is at its hard for me to see the downside. So i may be biased. I will only exit this scrip if i see Silver go below $23. That is my exit criteria. Disclaimer : This analysis is purely for education. As i am invested in this scrip I may be biased. Don't take this as an investment advice. Please consult your financial advisor before any speculative investments.
NYSE:AGLong
by nishant_bhatt
Nifty Intraday Analysis for 24th October 2024NSE:NIFTY Index closed near 24435 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 131.29 Lakh 24800 Strike – 78.64 Lakh 24600 Strike – 73.46 Lakh Put Writing 24000 Strike – 70.06 Lakh 24200 Strike – 57.71 Lakh 24400 Strike – 57.10 Lakh Index has resistance near 24650 – 23750 range and if index crosses and sustains above this level then may reach near 24900 - 25000 range. Index has immediate support near 24400 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th October 2024NSE:BANKNIFTY Index closed near 51240 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 15.64 Lakh 52500 Strike – 12.92 Lakh 51500 Strike – 11.35 Lakh Put Writing 51500 Strike – 13.65 Lakh 51000 Strike – 13.65 Lakh 50000 Strike – 9.90 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 24th October 2024NSE:CNXFINANCE Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.22 Lakh 24200 Strike – 2.41 Lakh 24100 Strike – 2.17 Lakh Put Writing 23700 Strike – 2.02 Lakh 23800 Strike – 1.82 Lakh 23500 Strike – 1.62 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 24th October 2024NSE:NIFTY_MID_SELECT Index closed near 12535 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12700 Strike – 10.10 Lakh 12800 Strike – 9.31 Lakh 12600 Strike – 7.76 Lakh Put Writing 12500 Strike – 10.04 Lakh 12400 Strike – 7.88 Lakh 12300 Strike – 7.17 Lakh Index has immediate resistance near 12650 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range. Index has immediate support near 12300 – 12200 range and if this support is broken then index may tank near 12000 – 11900 range.
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by RKMAURYA
BankNifty levels - Oct 25, 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 - Oct 25, 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
Insecticides India - Bullish OpportunityWe have a bullish opportunity for Insecticides India - positional long: - Trend seems to be upwards on Monthly and Weekly TFs - On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone - As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be just starting to initiate a 5th wave upwards on 1-D TF - We will wait for proper impulse formation until price crosses 855ish and then time an entry on hourly or 75 Mins TF chart. As of now, this is on my radar/watchlist.
NSE:INSECTICIDLong
by champvimal
BankNifty Intraday Support & Resistance Levels for 24.10.2024On Wednesday, BankNifty opened with a 139-point gap down, making a low of 51,107.90. It bounced back, reaching a high of 51,551.55 (almost hitting the 15m Supply Zone) but couldn't sustain and closed at 51,239, losing 18 points from the previous close. BankNifty has closed inside the 125m Demand Zone for the second consecutive day. If the 51,000 level holds, we may see a bounce. However, if BankNifty breaks below 51,000 with volume and sustains, further downside till 49,959 or lower is possible. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. BankNifty Demand/Support Zones for 24.10.2024: Near Demand/Support Zone (125m): 51,000.90 - 51,355.80 (current price inside the zone) Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 BankNifty Supply/Resistance Zones for 24.10.2024: Near Supply/Resistance Zone (15m): 51,559.35 - 51,678.85 Far Supply/Resistance Zone (5m): 52,143.55 - 52,257.30 Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50 Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10 Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 24.10.2024On Wednesday, Nifty opened with a 93-point gap down, making a low of 24,378.10, which touched the weekly Demand Zone. It briefly bounced back to a high of 24,604.25 but couldn’t sustain the momentum, closing at 24,435.50, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, and the Daily Trend (50 SMA) remains negative. Nifty Demand/Support Zones for 24.10.2024: Near Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Far Demand/Support Zone (Daily): 23,350.00 - 23,667.10 Nifty Supply/Resistance Zones for 24.10.2024: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (15m): 24,798.95 - 24,882.00 Far Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420.00 - 25,485.05 Far Supply/Resistance Zone (15m): 25,500.95 - 25,545.00
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 23rd October 2024NSE:NIFTY Index closed near 24470 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 94.74 Lakh 24800 Strike – 62.23 Lakh 24700 Strike – 49.43 Lakh Put Writing 24000 Strike – 57.51 Lakh 24500 Strike – 36.60 Lakh 24400 Strike – 33.40 Lakh Index has resistance near 24700 – 23800 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24450 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 23rd October 2024NSE:BANKNIFTY Index closed near 51260 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 42.56 Lakh 52000 Strike – 40.73 Lakh 518000 Strike – 22.81 Lakh Put Writing 51000 Strike – 22.27 Lakh 50000 Strike – 20.34 Lakh 50500 Strike – 16.36 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 23rd October 2024NSE:CNXFINANCE Index closed near 23700 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 2.16 Lakh 24200 Strike – 1.00 Lakh 24100 Strike – 0.76 Lakh Put Writing 24000 Strike – 1.08 Lakh 23700 Strike – 1.07 Lakh 23800 Strike – 0.93 Lakh Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23500 – 23400 range and if this support is broken then index may tank near 24200 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 23rd October 2024NSE:NIFTY_MID_SELECT Index closed near 12440 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12700 Strike – 11.98 Lakh 12600 Strike – 5.90 Lakh 12500 Strike – 5.59 Lakh Put Writing 12400 Strike – 7.09 Lakh 12500 Strike – 6.98 Lakh 12300 Strike – 4.24 Lakh Index has immediate resistance near 12650 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range. Index has immediate support near 12300 – 12200 range and if this support is broken then index may tank near 12000 – 11900 range.
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by RKMAURYA