Banknifty Intraday Analysis for 8th January 2025NSE:BANKNIFTY
Index closed near 50200 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
51000 Strike – 13.12 Lakh
51500 Strike – 11.99 Lakh
50500 Strike – 5.15 Lakh
Put Writing
50000 Strike – 11.89 Lakh
51000 Strike – 10.59 Lakh
50500 Strike – 6.21 Lakh
Index has resistance near 50400 – 50500 range and if index crosses and sustains above this level then may reach near 50900 – 51000 range.
Index has immediate support near 49700 - 49600 range and if this support is broken then index may tank near 49100 - 49000 range.
Supply and Demand
Finnifty Intraday Analysis for 8th January 2025NSE:CNXFINANCE
Index closed near 23430 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
24000 Strike – 1.07 Lakh
23800 Strike – 0.45 Lakh
23500 Strike – 0.44 Lakh
Put Writing
24000 Strike – 1.16 Lakh
23500 Strike – 0.88 Lakh
23800 Strike – 0.61 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
Index has immediate support near 23250 – 23200 range and if this support is broken then index may tank near 23100 – 23050 range.
Midnifty Intraday Analysis for 8th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12740 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.19 Lakh
12800 Strike – 4.95 Lakh
12700 Strike – 2.07 Lakh
Put Writing
12800 Strike – 5.24 Lakh
13000 Strike – 4.88 Lakh
12700 Strike – 2.87 Lakh
Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
Nifty levels - Jan 09, 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!
BankNifty levels - Jan 09, 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!
Nifty Support and Resistance levels for Jan 8th WednesdayNifty made a inside candle after big bear candle of 6th jan.
Apply inside candle theory for today if breaks above prior day high long else short on breaks down of prior day low.
Keys levels:-23800,23650
6th day high 24089 ,
6th day low 23551.
Educational purpose only do your own research before taking entries.
Another directional RALLY coming up..?As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand zone but also break the psychological level of 50000 so plan your trades accordingly and keep watching.
Deccan ready for another leg of upmove?-Trading right below a resistance.
-Volume spikes with price movement
-Close to previous ATH
-After a brief upmove stock pulled back and now trying to break a resistance.
Entry: 769
T1-849
Positional Target: 1056
Safe traders wait for a close above 850( ATH) for entry.
SL 666 Closing basis.
The market is weak and breakouts are susceptible to failure. So please do your analysis before entering. Risk Management is imperative, please do not forget this.
Conservative Traders Wait for the Nifty 500 to close above 24900 to initiate a new trade.
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bottom is in; consolidation complete for the Chinese Equities.
Chinese Equities have been consolidating for 2 months now.
Yesterday it reached the bottom of the current trading range.
Expect it to go at least to the top of the range (+20%).
Of course looking for the expansion above the top of that trading range too.
Nifty Intraday Analysis for 7th January 2025NSE:NIFTY
Index closed near 23615 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24200 Strike – 101.70 Lakh 24000 Strike – 93.24 Lakh
24100 Strike – 76.54 Lakh
Put Writing
23300 Strike – 49.24 Lakh
23500 Strike – 40.70 Lakh
23600 Strike – 39.55 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 23250 – 23200 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
Midnifty Intraday Analysis for 7th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12695 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
13000 Strike – 7.09 Lakh
12800 Strike – 3.524 Lakh
12700 Strike – 2.40 Lakh
Put Writing
13000 Strike – 5.62 Lakh
12800 Strike – 4.64 Lakh
12700 Strike – 3.95 Lakh
Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
Banknifty Intraday Analysis for 7th January 2025NSE:BANKNIFTY
Index closed near 49920 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
51000 Strike – 13.72 Lakh
50000 Strike – 6.47 Lakh
50500 Strike – 5.02 Lakh
Put Writing
49000 Strike – 12.14 Lakh
50000 Strike – 11.73 Lakh
51000 Strike – 11.61 Lakh
Index has resistance near 50300 – 50400 range and if index crosses and sustains above this level then may reach near 50800 – 50900 range.
Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 49000 - 48900 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
Finnifty Intraday Analysis for 7th January 2025NSE:CNXFINANCE
Index closed near 23320 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
24000 Strike – 1.12 Lakh
23800 Strike – 0.55 Lakh
23500 Strike – 0.44 Lakh
Put Writing
24000 Strike – 1.23 Lakh
23800 Strike – 065 Lakh
23500 Strike – 0.51 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
Index has immediate support near 23200 – 23150 range and if this support is broken then index may tank near 23050 – 23000 range. If the Index doesn't bounce back from day low, another round of downside moment is expected due to fresh development of the HMPV threat.
BankNifty levels - Jan 08, 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!
Nifty levels - Jan 08, 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!
NIFTY Automated Support Resistance Zone monthly/weekly/dailyHello Everyone,
Nifty Fall from 24200 resistance area,Supply zone,Liquidity area, reversals areas , finding this hidden levels with automated indicator created low of 23600 i.e 600 points fall in just 2 sessions
marking this areas are very important while we got this solutions.
Index key levels finding automatically hidden levels supportarea is at 23170 for monthly.
DOW JONES - SWING TRADESymbol - DJI
DJI is currently trading at 42545
Dow Jones is making double bottom at larger time frame & I'm seeing a trading opportunity on buying side.
Buying DJI Futures at CMP 42545
I will add more position if 42345 comes & will hold with SL 42100
Targets I'm expecting are 43100 - 43340 - 43580 & 42820
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Nifty Support and Resistance Levels for 7th Jan TuesdayNifty Key levels :-
Previous month low and Previous week low is at 23460 if nifty violates this Nifty might see 23200 to 23k levels breaching this week.
Concerns :-
1. HMPV virus.
2.Nifty trading below Daily Dema 200
Intraday levels to trade with .
23650 is immediate resistance if sustains above this area long for the targets of 23700,23750,23800,23850.
23550 is immediate support if sustains below this area short for the targets of 23500,23460,23400,23350.
Educational purpose only do your own research before taking entries.