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Supply and Demand

Nifty Intraday Analysis for 1st January 2025NSE:NIFTY Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 97.61 Lakh 23900 Strike – 76.72 Lakh 23800 Strike – 70.72 Lakh Put Writing 23000 Strike – 80.07 Lakh 23500 Strike – 68.50 Lakh 23200 Strike – 50.57 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 1st January 2025NSE:BANKNIFTY Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 13.91 Lakh 51500 Strike – 8.36 Lakh 51000 Strike – 8.00 Lakh Put Writing 51000 Strike – 11.23 Lakh 51500 Strike – 8.71 Lakh 50000 Strike – 8.07 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 1st January 2025NSE:CNXFINANCE Index closed near 23515 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.51 Lakh 24000 Strike – 0.47 Lakh 24500 Strike – 0.38 Lakh Put Writing 24000 Strike – 0.87 Lakh 23500 Strike – 0.75 Lakh 23700 Strike – 0.18 Lakh Index has resistance near 23650 - 23700 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 1st January 2025NSE:NIFTY_MID_SELECT Index closed near 12905 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 6.07 Lakh 12800 Strike – 2.81 Lakh 12900 Strike – 1.95 Lakh Put Writing 13000 Strike – 5.76 Lakh 12800 Strike – 3.75 Lakh 12900 Strike – 1.86 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 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
DMart: Oversold and in Accumulation Zone Topic Statement: DMart stock has been beaten down, becoming very oversold, with heavy support at 3500 offering a prime accumulation opportunity. Key Points: 1. The stock price is trading below the 180-day moving average, making it extremely oversold. 2. The 3500 level acts as a strong support within the accumulation zone. 3. The stock can be accumulated now and sold near 4800, which is the distribution zone and a key resistance around 5000.
NSE:DMARTLong
by yogeshwar
Nifty levels - Jan 02, 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
BankNifty levels - Jan 02, 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
"CREDITACC: Reversal in the Making? Key Levels to Watch!""📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past. 🔍 Here's why this is exciting: Trendline Support: The stock is respecting a multi-year ascending trendline. Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268. Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation. 🚨 Key Levels: Support: 860-870 Resistance: 1,015 | 1,268 💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807." #SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
NSE:CREDITACCLong
by TraderChhabra
BankNifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, BankNifty opened gap-down, reaching a low of 50,599.80 and a high of 50,945.55. It traded within a narrow range throughout the session and closed at 50,860.20, losing 92 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (current price within the zone) 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) Outlook BankNifty continues to stay under selling pressure, with the current price hovering within the daily demand zone. A decisive break below 49,787 could signal further downside. ✨ Wishing everyone a Happy and Prosperous New Year 2025! ✨
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, Nifty opened gap-down, re-entering the 75-minute demand zone, and made a low of 23,460.45. It bounced back to touch a day high of 23,689.85 but closed flat at 23,644.80, losing just 0.10 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near 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 (15m): 23,862.05 - 23,915.35 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's bounce from the demand zone highlights strong buyer interest at lower levels. However, resistance near 23,915.35 remains a key hurdle. A sustained move above this level could open doors for higher targets, while failure to hold above 23,263 may invite further selling pressure. ✨ Wishing everyone a happy and prosperous New Year 2025! ✨
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 31st December 2024NSE:NIFTY Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 93.65 Lakh 23800 Strike – 66.94 Lakh 23900 Strike – 58.10 Lakh Put Writing 23000 Strike – 64.44 Lakh 23200 Strike – 61.76 Lakh 23500 Strike – 47.95 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 31st December 2024NSE:BANKNIFTY Index closed near 50955 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 13.25 Lakh 51500 Strike – 8.19 Lakh 51000 Strike – 5.66 Lakh Put Writing 51000 Strike – 8.99 Lakh 51500 Strike – 8.88 Lakh 50000 Strike – 7.32 Lakh Index has resistance near 51400 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 31st December 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 20.35 Lakh 23800 Strike – 13.23 Lakh 23900 Strike – 9.73 Lakh Put Writing 23400 Strike – 8.77 Lakh 23200 Strike – 8.19 Lakh 23300 Strike – 7.45 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 31st December 2024NSE:NIFTY_MID_SELECT Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 3.66 Lakh 13500 Strike – 1.71 Lakh 13200 Strike – 1.14 Lakh Put Writing 13000 Strike – 4.55 Lakh 12800 Strike – 2.99 Lakh 12700 Strike – 1.20 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 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 01, 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 01, 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
BankNifty Intraday Support & Resistance Levels for 31.12.2024On Monday, BankNifty opened on a negative note but found support near 51,170, rallying to a day high of 51,979.75, falling just 30 points short of entering the 125-minute supply zone. However, strong selling pressure caused a sharp drop of over 1,200 points to the day's low of 50,718.35, entering the 15-minute demand zone, which aligns with the tested daily demand zone. It closed at 50,952.75, losing 358 points compared to 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 (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) Outlook BankNifty's rejection near the supply zone underscores the dominance of selling pressure. The tested demand zone at 50,983.50 offers strong support, but a failure to sustain here could lead to further downside.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 31.12.2024On Monday, Nifty opened on a negative note but rebounded after finding support at 23,700, rallying to a high of 23,915.35. However, selling pressure dragged it down to a low of 23,599.30, entering the 15-minute demand zone. It eventually closed at 23,644.90, losing 168 points compared to 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): 23,537.35 - 23,632.30 (tested) 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 (15m): 23,862.05 - 23,915.35 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's entry into the 15m demand zone highlights minor support, but selling at higher levels capped any significant recovery. A move above the 15m resistance zone at 23,862.05 - 23,915.35 may attract buyers, while failure to hold the tested demand zone could lead to further downside.
NSE:NIFTY
by PriteshPalan