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Supply and Demand

Nifty levels - Jan 06, 2025Nifty 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
Nifty Support and Resistance Levels for Friday 3rd JanNifty currently at mid point of Dec 16th week big red candle important area to look for rejection or breakout here . Nifty Key Levels :- 24225 is Resistance if sustains above long for targets of 24300,24350,24400. Same Resistance if rejection seen play till immediate support of 24125,24000 areas below targets. 24125 is support if sustains below short for the targets of 24050,24000,24850.Look for rejection on given below targets if valid can long accordingly on those levels. Educational purpose only do you own research before taking entries.
NSE:NIFTY
by rakeshreddym
7 years breakout candidate BROOKS LABSBrooks Laboratories Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 419.92 Crore) operating in Pharmaceuticals sector. Brooks Laboratories Ltd. key Products/Revenue Segments include Drugs, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 20.99 Crore, up 16.60 % from last quarter Total Income of Rs 18.00 Crore and down 14.00 % from last year same quarter Total Income of Rs 24.41 Crore. Company has reported net profit after tax of Rs .96 Crore in latest quarter.
NSE:BROOKSLong
by TechnicalAnalystSucrit
BankNifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, BankNifty opened on a positive note, found support at 50,992.80, and staged a strong rally to the day’s high of 51,672.75. It closed at 51,605.55, gaining an impressive 545 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 51,268.25 - 51,370.55 Far Demand/Support Zone (15m): 50,800.50 - 50,890 Far Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far 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 (15m): 51,767.65 - 51,937.05 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 03.01.2025On Thursday, Nifty opened gap-up, found support at 23,751.55, and rallied impressively to a high of 24,226.70, entering the Daily Supply Zone. It closed strong at 24,188.65, gaining a substantial 445 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from negative to sideways. Demand/Support Zones Near Demand/Support Zone (30m): 23,916.70 - 23,974.15 Near Demand/Support Zone (125m): 23,678.35 - 23,822.80 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 (Daily): 24,149.85 - 24,394.45 (current price inside this zone) Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 2nd January 2025NSE:NIFTY Index closed near 23745 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 90.67 Lakh 23800 Strike – 71.34 Lakh 23900 Strike – 62.46 Lakh Put Writing 23500 Strike – 78.32 Lakh 23600 Strike – 67.47 Lakh 23700 Strike – 61.82 Lakh Index has resistance near 23850 - 23900 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 2nd January 2025NSE:BANKNIFTY Index closed near 51060 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 13.64 Lakh 51500 Strike – 8.17 Lakh 51000 Strike – 7.21 Lakh Put Writing 51000 Strike – 10.65 Lakh 50000 Strike – 9.41 Lakh 51500 Strike – 8.94 Lakh Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 51000 - 50000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 2nd January 2025NSE:CNXFINANCE Index closed near 23620 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 0.61 Lakh 23500 Strike – 0.54 Lakh 23600 Strike – 0.39 Lakh Put Writing 23500 Strike – 0.73 Lakh 23600 Strike – 0.32 Lakh 23700 Strike – 0.31 Lakh Index has resistance near 23700 - 23750 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range. Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23250 – 23200 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 2nd January 2025NSE:NIFTY_MID_SELECT Index closed near 12935 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 7.10 Lakh 12800 Strike – 3.10 Lakh 12900 Strike – 2.38 Lakh Put Writing 13000 Strike – 6.60 Lakh 12800 Strike – 4.25 Lakh 12900 Strike – 3.11 Lakh Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range. Index has immediate support near 12825 – 12775 range and if this support is broken then index may tank near 12675 – 12625 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Jan 03, 2025Utilizing 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 - Jan 03, 2025Nifty 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
BTC (Bitcoin) Up trend - 2.1.2025Trading Scenario: Long (Buy) Entry Point: Zone: Near the Demand Zone between $94,500 and $95,000. Confirmation: Wait for a bullish candlestick pattern (e.g., bullish engulfing, pin bar, or strong upward momentum) on the H1 timeframe to confirm a bounce from the Demand Zone. Stop Loss (SL): Set below the Demand Zone at $92,300 to avoid fake breakouts. Take Profit (TP): Target 1 (TP1): FVG H4 zone between $97,700 and $98,500 (partial profit). Target 2 (TP2): Supply Zone between $99,500 and $100,400 (close the rest of the position). Risk-Reward Ratio (R:R): With an entry at $95,000, SL at $92,300, and TP1 at $98,000: R:R = (98,000 - 95,000) / (95,000 - 92,300) ≈ 1.85. With TP2 at $100,000: R:R = (100,000 - 95,000) / (95,000 - 92,300) ≈ 2.84. Trading Scenario: Short (Sell) Entry Point: Zone: Near the FVG H4 or Supply Zone between $98,500 and $100,000. Confirmation: Wait for a bearish candlestick pattern (e.g., bearish engulfing, pin bar, or overbought signal on RSI). Stop Loss (SL): Set above the Supply Zone at $100,600. Take Profit (TP): Target 1 (TP1): Around $97,000 (mid-FVG H4). Target 2 (TP2): Demand Zone at $95,000. Risk-Reward Ratio (R:R): With an entry at $99,000, SL at $100,600, and TP1 at $97,000: R:R = (99,000 - 97,000) / (100,600 - 99,000) ≈ 1.25. With TP2 at $95,000: R:R = (99,000 - 95,000) / (100,600 - 99,000) ≈ 2.5. Notes: Monitor lower timeframes (M15 or M30) for precise entries. Consider additional confirmation from indicators like RSI or MACD. Manage risk carefully, limiting each trade to 1-2% of the account balance.
Long
by Homnaytradegi
PLTR: The Best Stock of 2024 Could Face ChallengesPLTR demonstrated exceptional strength in 2024, becoming the best-performing stock in the S&P 500 with an impressive 346% gain since the beginning of the year. However, as we move into December, I notice signs that could indicate a potential correction. The reasoning behind my outlook lies not in the bearish divergence pattern, which is secondary, but in the interaction between price and volume. Let’s examine the price and volume action on December 20. The volumes were extraordinarily high—imagine this as the level of effort—but what was the outcome of that effort? The price reached a new high, which sounds great, but it didn’t hold there. Moreover, the breakout was minimal, more like a bull trap inviting buyers to go long on the breakout of the December 9 high. The price quickly returned close to the opening level of the December 20 candle—the starting point of the pump. If these were genuine efforts from strong buyers, the result would have been significantly different. Strong markets don’t behave this way. That’s why I anticipate that PLTR may enter a correction, potentially forming a descending red channel. The lower blue line represents the likely target and strong support.
NASDAQ:PLTRShort
by fintechzoom
2
BankNifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, BankNifty opened flat to negative, dipping to a low of 50,485.05 before finding strong bullish support and rallying to a high of 51,321.95. It closed at 51,060.60, gaining 200 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 50,800.50 - 50,890 Near Demand/Support Zone (15m): 50,485.05 - 50,629.65 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 (15m): 51,767.65 - 51,937.05 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