Nifty Intraday Analysis for 6th December 2024NSE:NIFTY
Index closed near 24710 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 31.58 Lakh
24500 Strike – 26.84 Lakh
24500 Strike – 20.96 Lakh
Put Writing
24500 Strike – 40.76 Lakh
24000 Strike – 30.79 Lakh
24700 Strike – 18.31 Lakh
Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
High volatility expected due to RBI MPC commentary on Inflation, GDP forecast and rate cut.
Supply and Demand
Banknifty Intraday Analysis for 6th December 2024NSE:BANKNIFTY
Index closed near 53605 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 17.57 Lakh
53000 Strike – 13.43 Lakh
54500 Strike – 9.56 Lakh
Put Writing
52500 Strike – 15.05 Lakh
53000 Strike – 12.44 Lakh
53500 Strike – 7.99 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.
High volatility expected due to RBI MPC commentary on Inflation, GDP forecast and rate cut.
Finnifty Intraday Analysis for 6th December 2024NSE:CNXFINANCE
Index closed near 24730 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.13 Lakh
24500 Strike – 0.60 Lakh
24600 Strike – 0.48 Lakh
Put Writing
24000 Strike – 1.17 Lakh
24500 Strike – 0.79 Lakh
24500 Strike – 0.75 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.
High volatility expected due to RBI MPC commentary on Inflation, GDP forecast and rate cut.
Midnifty Intraday Analysis for 6th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12935 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 4.86 Lakh
13300 Strike – 2.96 Lakh
13200 Strike – 1.64 Lakh
Put Writing
13000 Strike – 2.38 Lakh
12700 Strike – 1.72 Lakh
12900 Strike – 1.63 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.
High volatility expected due to RBI MPC commentary on Inflation, GDP forecast and rate cut.
Nifty levels - Dec 09, 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!
BankNifty levels - Dec 09, 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!
BLUEDART - A must watch long term portfolio stock!MONTHLY TF VIEW:
Price Observations:
1. Good Volume support
2. Price structure is bullish
3. Reclaiming 9 years BO level
4. Bouncing from Monthly swing 50% fib level.
5. Bouncing from the Weekly Demand zone
6. Earnings are showing good growth as well.
Trade Plan:
1. Entry can be planned above 7900 with 15% Sl
2. Targets can be huge 14000 I'm expecting not immediately but eventually will reach there. Since it is a portfolio pick. For swing trade 9000 & 10000 can be considered as the TP levels
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Kesoram Looking Good.NSE:KESORAMIND is Looking good bouncing from a good demand zone, with Strong Engulfing Weekly Candle.
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
Round bottom breakout Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Oil Support&Resistance LevelsOil forming a rouding bottom pattern at demand zone where it previously tested this zone held and rallied back to 73 area expecting same if this 69 area voilates above sustains that 73 mark will acheive eaily.
key levels to watch for 69 above and 67 below in between it will range as it is doing same as of now. A breakout above or break down below only could give us a good moves.
BDL - Bullish Momentum in Play - 40% Upside Potential!➡️ Price Analysis & Overview:
1️⃣ Demand Zone Bounce: BDL is rebounding from a strong demand zone, showcasing potential for upward momentum.
2️⃣ EMA Support: The stock consistently respects the exponential moving average, reinforcing its bullish structure.
3️⃣ Candle Strength: Recent candles indicate strong bullish momentum, paving the way for further gains.
4️⃣ Current volumes are looking good but expecting more volumes!
✨My View:
Expect the bullish momentum to persist. Watch for sustained breakouts or pullbacks to EMA for strategic entries.🚀
Monthly TF:
⚠️ Disclaimer: For learning purposes only. Always do your research before trading.
Drop a comment if you liked this analysis!✌️
Thanks & Regards,
Anubrata Ray ⚡
EXACT rejection from our RESISTANCE.. what’s next? As we can see BANKNIFTY showed exact rejection from our given zone as we had been analysing in last few posts as the gap could potentially act as a good RESISTANCE. As of now BANKNIFTY has shown over 2000++ points move in spot chart and hence we can expect some breather here before acclaiming new ATH so one can book partial profits here.
BankNifty Intraday Support & Resistance Levels for 06.12.2024On Thursday, BankNifty displayed strong momentum. After an early drop to a low of 52850.35, it surged during the final trading hours to a high of 53888.30, touching the Weekly Supply Zone. It closed at 53603.55, marking a gain of 336 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is firmly positive, reflecting underlying strength.
Demand/Support Zones
Near Demand/Support Zone (15m): 52850.35 - 53038.60
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)
ACE 1D1. Breakout: Stock broke out of a symmetrical triangle pattern, signaling bullish momentum.
2. Volume: High volume confirms the breakout.
3. Target: Potential upside target near ₹1,650.
4. Support: Immediate support at ₹1,200 (breakout level).
5. Resistance: Next resistance levels at ₹1,500 and ₹1,650.
6. Trend: Overall uptrend; strong continuation expected.
7. Strategy: Enter on pullbacks; use stop-loss as your position size.
Prices in uptrend.. check Positive deltaas we can see prices in consolidation but the slope of the prices and positive deltas are in increasing slope and negative deltas are in higher price positions that means sellers are yet not active and buyers are in power and controlling the markets and taking markets higher than lower days.
Nifty Intraday Analysis for 5th December 2024NSE:NIFTY
Index closed near 24465 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 157.50 Lakh
24800 Strike – 116.87 Lakh
24500 Strike – 107.03 Lakh
Put Writing
24000 Strike – 130.13 Lakh
23800 Strike – 122.09 Lakh
23900 Strike – 84.79 Lakh
Index has resistance near 24550 – 24575 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range.
Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24200 – 24150 range.
Banknifty Intraday Analysis for 5th December 2024NSE:BANKNIFTY
Index closed near 53265 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 16.50 Lakh
53000 Strike – 14.48 Lakh
53500 Strike – 12.21 Lakh
Put Writing
52000 Strike – 16.91 Lakh
52500 Strike – 16.29 Lakh
53000 Strike – 11.67 Lakh
Index has resistance near 53500 – 53600 range and if index crosses and sustains above this level then may reach near 54000 – 54200 range.
Index has immediate support near 52850 - 52750 range and if this support is broken then index may tank near 52300 - 52200 range.
Finnifty Intraday Analysis for 5th December 2024NSE:CNXFINANCE
Index closed near 24565 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 1.42 Lakh
24500 Strike – 0.77 Lakh
24700 Strike – 0.58 Lakh
Put Writing
24000 Strike – 1.40 Lakh
24200 Strike – 0.80 Lakh
24500 Strike – 072 Lakh
Index has resistance near 24700 - 24750 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24400 – 24350 range and if this support is broken then index may tank near 24200 – 24150 range.
Midnifty Intraday Analysis for 5th December 2024NSE:NIFTY_MID_SELECT
Index closed near 12925 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 4.00 Lakh
12800 Strike – 2.46 Lakh
13300 Strike – 2.41 Lakh
Put Writing
12500 Strike – 3.92 Lakh
12600 Strike – 2.98 Lakh
12700 Strike – 2.93 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 06, 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!
Nifty levels - Dec 06, 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!