Banknifty Intraday Analysis for 9th December 2024NSE:BANKNIFTY
Index closed near 53510 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 17.03 Lakh
53000 Strike – 12.96 Lakh
53500 Strike – 9.93 Lakh
Put Writing
52500 Strike – 15.06 Lakh
53000 Strike – 12.95 Lakh
53500 Strike – 10.00 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 53200 - 53000 range and if this support is broken then index may tank near 52850 - 52260 range.
Supply and Demand
Finnifty Intraday Analysis for 9th December 2024NSE:CNXFINANCE
Index closed near 24705 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.19 Lakh
24800 Strike – 0.61 Lakh
24500 Strike – 0.51 Lakh
Put Writing
24000 Strike – 1.19 Lakh
24500 Strike – 0.81 Lakh
24200 Strike – 0.68 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25000 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24375 – 24325 range.
Midnifty Intraday Analysis for 9th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12960 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 5.10 Lakh
13300 Strike – 2.59 Lakh
13200 Strike – 1.70 Lakh
Put Writing
13000 Strike – 3.98 Lakh
12700 Strike – 1.93 Lakh
12900 Strike – 1.84 Lakh
Index has immediate resistance near 13000 – 13050 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
BankNifty levels - Dec 10, 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.
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Nifty levels - Dec 10, 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!
Strong Investment Opportunity in the Gold Mannapuram Finance: A Strong Investment Opportunity in the Gold Loan Sector
Mannapuram Finance primarily focuses on gold loans, providing financial services to individuals and small businesses.
Mannapuram Finance presents a strong investment opportunity, particularly in the gold loan market, with solid financial health and growth potential
Dividend Policy: Regular dividend payouts reflect the company's commitment to returning value to shareholders.
Risks: -Exposure to fluctuations in gold prices.
54000 levels needs to be broken for new ATH !!Following our analysis. BANKNIFTY rallied over 2000++ points from our demand zone and finally reached resistance which we had previously analysed being a gap acting as important resistance hence as long as BANKNIFTY maintains itself below 54000 levels we can see BANKNIFTY being negative to volatile till it finally breaks above 54000 levels and sustains itself for new ATH so plan your trades accordingly and keep watching.
COAL INDIA MONOPOLY PICK Please consult your financial advisor before investing.This is only for learning purpose of chart.
We are NISM certified EQ and MCX trader but not SEBI register investment advisor.
COAL INDIA IS MONOPOLY COMPANY IN INDIA WITH V.GOOD DIVIDEND YIELD OF MORE THAN 6%.STOCK IS TRADING ABOUT 25% DOWN FROM ITS ALL TIME HIGH GOOD TIME TO ACCUMLATE AND IT IS NEAR MONTHLY SUPPORT. EXPECTING TARGETS OF 650+ IN YEAR..
SAIL - Monthly AnalysisIn the Monthly Chart of SAIL ,
we can see that; after very big Cup & Handle breakout and failure, it took Support of 110 levels.
It has shown a W shape recovery from 110 levels.
Let it retest or create a Halt candle and then enter with SL and Targets.
Expected momentum is shown in chart.
Kalyan Jewellers - Trendline breachedTopic Statement: Kalyan Jewellers' bullish momentum takes a break, as the stock price is entering a sideways phase for the coming weeks.
Key Points:
1. The mid-term uptrend line was breached, shifting the trend to sideways.
2. The stock has strong support at 650, aligned with the 38.2% retracement level.
3. A further correction to 530 is possible, where the 61.8% retracement level and accumulation zone may provide significant support.