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Supply and Demand

Finnifty Intraday Analysis for 09th October 2024NSE:CNXFINANCE Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 26.88 Lakh 24000 Strike – 18.86 Lakh 23700 Strike – 13.57 Lakh Put Writing 23500 Strike – 1.03 Lakh 23000 Strike – 0.80 Lakh 23300 Strike – 0.72 Lakh Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23250 – 23100 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 09th October 2024NSE:NIFTY_MID_SELECT Index closed near 12875 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 6.90 Lakh 12900 Strike – 4.68 Lakh 12800 Strike – 4.68 Lakh Put Writing 12800 Strike – 8.66 Lakh 12700 Strike – 5.25 Lakh 12600 Strike – 5.10 Lakh Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range. Index has immediate support near 12750 – 12650 range and if this support is broken then index may tank near 12550 – 12500 range.
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by RKMAURYA
Nifty levels - Oct 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!
NSE:NIFTY
by sacxe
BankNifty levels - Oct 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. * 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
BANKNIFTY at MAKE or BREAK zone!! The Bank Nifty showed impressive resilience today, staging a strong recovery from key demand zones as anticipated. Closing around the crucial 51,000 level, which serves as both a psychological barrier and a former demand zone turned supply zone, sets the stage for an interesting session ahead. If the Bank Nifty opens flat tomorrow, the 51,000-51,100 range is likely to act as significant resistance. Traders should watch this zone carefully for potential reversal signals or breakout attempts. However, the BJP's victory in Haryana's state elections has injected fresh optimism into the markets [. This positive sentiment, coupled with a strong opening, could potentially fuel another uptrend in the Bank Nifty. The PSU banking stocks, in particular, may see continued momentum on the back of this political outcome. Investors should remain vigilant, as the interplay between technical levels and political developments could lead to increased volatility. Keep an eye on key support levels around 50,500 and resistance at 51,500 for potential trading opportunities.
NSE:BANKNIFTY
by Wealthcam
MCX Natural Gas Analysis for medium termMCX:NATURALGAS1! looks bullish. If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280. Now this 280 level is also the 23% Fib retracement level. Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W pattern. (or one can say a rounding bottom pattern). After testing the 280 level in one week back, it retraces back a bit and most likely creating a nice Cup and Handle pattern. Here are the expectations: NG will test 280 level once more. After that if it able to brakes it out 280, it will go to test the next resistance. The next resistance is 400 level, positionally. Also fundamentally, per the estimation of International Energy Agency (IEA) Global Gas Security Review, the Natural Gas demand is forecasted to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. And it will be steady for next few years even with 1.5 degree Paris Weather convocation. So stay alert. Above 280 sustains means it's a Buy on Dip on Natural Gas. Till then: Wait and Watch.
MCX:NATURALGAS1!Long
by pradipandsuvra
BankNifty Intraday Support & Resistance Levels for 09.10.2024On Tuesday, BankNifty opened gap up and finally showed some bullish momentum after six days of downtrend, reaching a high of 51,176.05. It closed at 51,021, gaining 542 points from the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. Though BankNifty broke the daily demand zone (below 50,369.40) on Monday, it managed to close inside the zone for the second consecutive day. On the downside, 50,369 is a crucial level for support. If BankNifty crosses 51,420 and sustains above, we could see a rally towards 52,254 and beyond. Demand/Support Zones: Near Demand/Support Zone (Daily): 50,369.40 - 51,420.15 (current price inside the zone) Far Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far support: 49,282.65 (61.8% FIBO Level) Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 52,254.70 - 52,358.35 Near Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10 Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70 Keep an eye on 51,420 for a potential breakout to push BankNifty higher!
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 09.10.2024On Tuesday, Nifty opened with a gap up, as expected, finding support near the 61.8% FIBO level (24,804.25). It made a high of 25,044 and closed at 25,013.15, gaining 217 points from the previous session. If Nifty breaks and sustains above 25,143, we might see a bullish rally that could extend to 25,420 or even 25,739. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. Demand/Support Zones: Near Demand/Support zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35 Keep an eye on 25,143—if this level is broken, the rally could gather steam!
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 08th October 2024NSE:NIFTY Index closed near 24795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 68.80 Lakh 25000 Strike – 48.35 Lakh 25200 Strike – 41.66 Lakh Put Writing 24500 Strike – 34.14 Lakh 25000 Strike – 25.91 Lakh 24800 Strike – 24.78 Lakh Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25300 - 25400 range. Index has immediate support near 24600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 08th October 2024NSE:BANKNIFTY Index closed near 50480 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 30.57 Lakh 51500 Strike – 17.12 Lakh 51000 Strike – 10.47 Lakh Put Writing 50000 Strike – 16.18 Lakh 50500 Strike – 11.86 Lakh 51000 Strike – 11.49 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52800 – 53000 range. Index has immediate support near 50100 – 50000 range and if this support is broken then index may tank near 49600 - 49500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 08th October 2024NSE:CNXFINANCE Index closed near 23220 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 26.88 Lakh 23800 Strike – 18.86 Lakh 23500 Strike – 13.57 Lakh Put Writing 23000 Strike – 19.37 Lakh 23200 Strike – 8.71 Lakh 23100 Strike – 8.37 Lakh Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 22950 – 22800 range and if this support is broken then index may tank near 22650 – 22550 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 08th October 2024NSE:NIFTY_MID_SELECT Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 3.78 Lakh 12900 Strike – 2.89 Lakh 12800 Strike – 2.64 Lakh Put Writing 12500 Strike – 4.69 Lakh 12600 Strike – 3.47 Lakh 12700 Strike – 2.29 Lakh Index has immediate resistance near 12850 - 12950 range and if index crosses and sustains above this level then may reach 13150 – 13250 range. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.
N
by RKMAURYA
BankNifty levels - Oct 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!
NSE:BANKNIFTY
by sacxe
Nifty levels - Oct 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!
NSE:NIFTY
by sacxe
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NSE:TATAMOTORSLong
by ReviveTraders
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 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
FX:XAUUSDShort
by tradergyan01
1
BankNifty Intraday Support & Resistance Levels for 08.10.2024On Monday, BankNifty opened with a gap up, reaching a high of 51,784.80, but couldn't hold its gains and dropped 1,590 points from the peak, hitting a low of 50,194.30. It finally closed at 50,478.90, down by 983 points from the previous session. The Weekly Trend (50 SMA) has shifted to sideways from positive, while the Daily Trend (50 SMA) has turned negative. BankNifty briefly broke the key daily demand zone (below 50,369.40), but managed to close within it. If it breaks and sustains below 50,369.40, we could see a further decline towards 49,959 and possibly lower. Demand/Support Zones: Near Demand/Support Zone (Daily): 50,369.40 - 51,420.15 (current price inside the zone) Far Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far support: 49,282.65 (61.8% Fibonacci level) Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 52,254.70 - 52,358.35 Near Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (75m): 53,763.20 - 53,945.10 Far Supply/Resistance Zone (75m): 54,152.50 - 54,338.70 Keep a close watch for key levels today, as a break below the demand zone could trigger further downside.
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 08.10.2024On Monday, Nifty opened with a gap up and touched a high of 25,143, but the momentum couldn’t hold. It fell sharply, dropping 449 points from the top and hitting a low of 24,694.35. Nifty eventually closed at 24,795.75, losing 218 points from the previous session. Despite briefly breaking below the key support of 24,753, it managed to close above it. If Nifty breaks this level again, we could see further declines toward 24,636 or even 24,420. However, Nifty is also near the 61.8% Fibonacci level (24,804.25), so if it holds above 24,753, we may see a short-term bounce. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has turned sideways. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35 Stay cautious as we approach these critical levels!
NSE:NIFTY
by PriteshPal
BANKNIFTY couldn’t sustain above 51000 levels! What’s next? The recent breach of the 51,000 psychological level and important demand zone in BANKNIFTY suggests a potential downward trend. Here are some key points to consider regarding the next support levels: 1. **Immediate Support Levels**: - **49,700**: This level is highlighted as a critical support zone by several analysts. A break below this level could intensify the prevailing weakness. - **49,650**: This is another significant support level, as it represents a previous swing low that the index defended in recent sessions. 2. **Key Resistance Levels**: - **50,900**: This level is identified as a strong resistance zone. If BANKNIFTY crosses and sustains above this level, it could witness buying, leading the index toward 51,250-51,500 levels. 3. **Market Sentiment**: - The current sentiment suggests that if BANKNIFTY breaks above 50,000, it could see sharp short covering towards 50,500/51,000 levels. - The undertone remains bullish, and traders are advised to adopt a buy-on-dip approach with support at 49,000. 4. **Option Chain Analysis**: - The highest open interest is built up on the call side at 50,000, indicating that call writers are defending this level. Given these points, the next important support level after breaching 51,000 is indeed around 49,700, which aligns with previous swing lows and is a critical demand zone. The index's behavior around these levels will be crucial in determining its short-term direction.
NSE:BANKNIFTY
by Wealthcam
Navigating the Bullish Surge: A Cautious Approach to InvestingThe Indian markets are experiencing an extraordinary rally, with major indices soaring to unprecedented heights. This surge is undoubtedly enticing for retail traders and investors eager to capitalize on the momentum. However, the pressing question remains: Are these elevated levels truly the right time to enter the market? Perhaps not. To gain insight, we can turn to a diagram by Dr. Jean-Paul Rodrigue that illustrates the typical stages of a market bubble. When we overlay this framework onto the current landscape of Indian indices, it becomes apparent that we may be on the brink of significant market movement—potentially in the coming weeks. History has shown us that markets can swing from euphoric bullishness to sharp corrections. Notable examples include the catastrophic crash of 2008 and the rapid declines during the COVID-19 pandemic in 2020. While we may not face declines as drastic as those events, it’s essential for retail traders to be proactive in safeguarding their investments. One effective strategy to mitigate downside risk is to consider purchasing long dated put option. A put option provides the holder with the right to sell the underlying asset without the obligation to do so. This means that if the market experiences a downturn—whether in the immediate future or after a few weeks or months—the put option can yield significant profits during a substantial decline. On the flip side, if the market continues its upward trajectory, the put option will gradually lose value and may eventually become worthless as indices continue to set new records. The key takeaway here is to keep your investment strategy straightforward and avoid unnecessary complexity. This is merely one of many strategies available for investors looking to protect their portfolios. Final Thoughts: As we navigate these exciting yet unpredictable market conditions, it’s crucial to remain vigilant and informed. While the allure of all-time highs is compelling, prudent risk management is essential for long-term success in investing. Disclaimer: All investments carry inherent market risks. This article is not a recommendation; please conduct your own analysis before making any trading or investment decisions.
NSE:NIFTYEducation
by VishalSubandh
Nifty Intraday Analysis for 07th October 2024NSE:NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 54.69 Lakh 25400 Strike – 45.57 Lakh 25200 Strike – 32.84 Lakh Put Writing 25000 Strike – 34.67 Lakh 24500 Strike – 33.52 Lakh 24800 Strike – 21.70 Lakh Index has resistance near 25300 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 24850 – 24750 range and if this support is broken then index may tank near 24600 – 24500 range.
NSE:NIFTY
by RKMAURYA