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Supply and Demand

BAJAJFINSV Trading Above Fresh Weekly Demand ZoneBAJAJFINSV is currently trading at ₹1569.25, slightly above its demand zone between ₹1569 and ₹1523.25, established on 23rd August 2024. This fresh zone has not been tested yet, suggesting potential buying interest if the stock revisits this range. Investors might consider monitoring for a pullback to these levels, which could present a buying opportunity with strong support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:BAJAJFINSVLong
by rush12799
MARUTI Trading Within Fresh Weekly Demand ZoneMARUTI is currently trading at ₹10861.45, positioned within its demand zone between ₹10973.5 and ₹10458, identified on 16th February 2024. This fresh zone remains untested, suggesting potential buying interest at these levels. Investors may watch for support within this range, which could signal a possible rebound opportunity. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions
NSE:MARUTILong
by rush12799
JYOTHYLAB Trading Above Fresh Demand ZoneJYOTHYLAB is currently trading at ₹405.35, slightly above its demand zone between ₹401 and ₹366.8, established on 5th June 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price revisits this range. Investors may monitor for a pullback to this zone, which could provide a buying opportunity with strong support. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:JYOTHYLABLong
by rush12799
FINPIPE Trading Within Fresh Demand ZoneFINPIPE is currently trading at ₹255.7, positioned within its demand zone between ₹257.7 and ₹251.3, identified on 24th April 2024. This fresh zone remains untested, suggesting potential buying interest if the stock price consolidates within this range. Investors may watch for signs of support, which could present a buying opportunity with a potential upward move. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:FINPIPELong
by rush12799
MAPMYINDIA Trading Within Tested Demand ZoneMAPMYINDIA is currently trading at ₹1588.1, positioned within its tested demand zone between ₹1615 and ₹1573.9, established on 11th August 2023. This zone has previously shown support, suggesting continued buying interest at these levels. Investors may consider observing this range for potential accumulation, expecting a rebound from this proven support area. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:MAPMYINDIALong
by rush12799
BankNifty Intraday Support & Resistance Levels for 22.11.2024On Thursday, BankNifty opened flat, reaching a high of 50,652.15 before falling to a day low of 49,787.10 in the first 30 minutes, once again testing the Daily Demand Zone (49,654.65 - 49,959.25). It managed to recover slightly, closing at 50,372.90, down by 253 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. With the demand zone being tested for the third time, it’s crucial to watch if BankNifty can hold this support to prevent further downside. Demand/Support Zones Near Support Zone (Daily): 49,654.65 - 49,959.25 (touched thrice) Far Support: 49,282.65 (61.8% Fibonacci level) Far Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 50,774.35 - 50,876.45 Far Resistance (75m): 50,805.90 - 50,983.50 Far Resistance (30m): 51,586.35 - 51,874.70 Far Resistance (Daily): 51,562.70 - 52,493.95
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 22.11.2024On Thursday, Nifty opened on a negative note, reaching a high of 23,507.30 before tumbling to a day low of 23,263.15 within the first 30 minutes, breaking the Daily Demand Zone support at 23,350. It closed at 23,349.90, down by 168 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. The break below the daily demand zone signals ongoing selling pressure, with potential for further downside unless key support levels hold. Demand/Support Zones Near Support: 23,189.88 (61.8% Fibonacci level) Far Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (15m): 23,686.15 - 23,726.90 Far Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
Artemismed broke out of base. Long opportunity... - Good volume -Trading above key DMAs. -Group movement in the pharma and healthcare sector. Safe traders: Wait for a retest or add 30-50% now and add the rest after the retest. SL 265 closing basis. Deep SL. So position sizing and risk management are imperative. Risk per trade is Around 18% RR: 1:1.2 Aggressive traders: Can try going long above today's high ( 324.5) with SL below today's breakout candle closing basis. Risk : 11.2% RR: 1: 2 This is just a view about how to approach this breakout. Breakouts can fail easily in this market. So please consult your financial advisor before investing. Hold for medium term if you know how to manage the risk. Short-term plays in this market are tricky in my opinion.
NSE:ARTEMISMEDLong
by sagartharayil
Gold prices continue to climb, surpassing $2,660. 27.50K positive delta on just 1 million volume of trade which means 27 % approx. of trading is net positive on buying side over the daily candle. This is massive interest in buyers side, and shows no room for selling side in near term momentum. Gold price buyers appear unstoppable, price extends its recovery mode into a fourth straight session early Thursday, helped by a modest pullback in the US Dollar (USD) and the US Treasury bond yields. The USD rallied hard on Wednesday, tracking the sharp gains in the US bond yields as traders reinforced the Trump trades optimism, digesting hawkish Fed commentary and poor 20-year bond auction results.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Nifty Intraday Analysis for 21st November 2024NSE:NIFTY Index closed near 23520 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 100.49 Lakh 23800 Strike – 67.76 Lakh 23700 Strike – 58.44 Lakh Put Writing 23000 Strike – 60.99 Lakh 23500 Strike – 47.00 Lakh 23200 Strike – 36.91 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 21st November 2024NSE:BANKNIFTY Index closed near 50625 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 52000 Strike – 20.74 Lakh 51000 Strike – 20.12 Lakh 51500 Strike – 15.64 Lakh Put Writing 49500 Strike – 19.16 Lakh 50000 Strike – 14.62 Lakh 51000 Strike – 14.12 Lakh Index has immediate support near 50000 - 49900 range and if this support is broken then index may tank near 49500 - 49400 range. Index has resistance near 50900 – 51000 range and if index crosses and sustains above this level then may reach near 51400 – 51500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 21st November 2024NSE:CNXFINANCE Index closed near 23260 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 23500 Strike – 1.06 Lakh 23400 Strike – 0.94 Lakh 23800 Strike – 0.93 Lakh Put Writing 23400 Strike – 0.82 Lakh 23500 Strike – 0.65 Lakh 23300 Strike – 0.50 Lakh Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22800 – 22750 range. Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 21st November 2024NSE:NIFTY_MID_SELECT Index closed near 12170 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 12300 Strike – 6.15 Lakh 12200 Strike – 3.41 Lakh 12300 Strike – 3.27 Lakh Put Writing 12000 Strike – 3.67 Lakh 12100 Strike – 3.38 Lakh 12300 Strike – 3.29 Lakh Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range. Index has immediate resistance near 12300 - 12350 range and if index crosses and sustains above this level then may reach 12450 – 12500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Nov 22, 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 - Nov 22, 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 Intraday Support & Resistance Levels for 21.11.2024On Tuesday, BankNifty opened gap-up, broke the 15m resistance zone, and rallied to a high of 50,983.50, meeting the anticipated resistance range of 50,725 - 51,000. However, during the last trading hour, it gave up all its gains and hit a day low of 50,440.85, eventually closing at 50,626.50, up by 262 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice) Far Support: 49,282.65 (61.8% Fibonacci level) Far Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 50,774.35 - 50,876.45 Far Resistance (30m): 51,586.35 - 51,874.70 Far Resistance (Daily): 51,562.70 - 52,493.95
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 21.11.2024On Tuesday, Nifty opened gap-up and rallied to a high of 23,780.65 (gaining 262 points over the previous close). However, during the last hour of trading, it lost all its gains and touched a low of 23,464.80, eventually closing at 23,518.50, with a modest gain of 64 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. For the fourth consecutive day, Nifty closed inside the Daily Demand Zone (23,350 - 23,667.10), indicating selling pressure on every rise. As reiterated earlier: "If Nifty holds the support at the lower boundary of the demand zone (23,350), we might see bullish momentum toward 23,900 - 24,250." Demand/Support Zones Near Demand/Support Zone (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Minor Resistance (15m): 23,686.15 - 23,726.90 Near Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45
NSE:NIFTY
by PriteshPalan
Gold entering mid term selling in profit booking zone...The daily order flow analysis for gold indicates a positive delta of approximately 24K on a spinning candle, suggesting indecision in the market. This signals that the recent 3-day gold rally is losing momentum, with no significant profit booking observed yet. However, immediate aggressive buying seems to be taking a pause. As a result, intraday selling pressure appears likely in the near term. Selling gold is seen on cards.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
Nifty Intraday Analysis for 19th November 2024NSE:NIFTY Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 88.90 Lakh 23500 Strike – 63.16 Lakh 23700 Strike – 56.76 Lakh Put Writing 23000 Strike – 63.52 Lakh 23500 Strike – 52.89 Lakh 23200 Strike – 43.92 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 19th November 2024NSE:BANKNIFTY Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 16.62 Lakh 51500 Strike – 14.43 Lakh 50500 Strike – 10.92 Lakh Put Writing 49500 Strike – 19.33 Lakh 50000 Strike – 17.10 Lakh 49000 Strike – 12.58 Lakh Index has immediate support near 49800 - 49700 range and if this support is broken then index may tank near 49500 - 49400 range. Index has resistance near 50800 – 50900 range and if index crosses and sustains above this level then may reach near 51300 – 51400 range.
NSE:BANKNIFTY
by RKMAURYA
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