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Supply and Demand

BankNifty levels - Dec 20, 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
Insecticides India - Bullish OpportunityWe have a bullish opportunity for Insecticides India - positional long: - Trend seems to be upwards on Monthly and Weekly TFs - On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone - As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be just starting to initiate a 5th wave upwards on 1-D TF - We will wait for proper impulse formation until price crosses 855ish and then time an entry on hourly or 75 Mins TF chart. As of now, this is on my radar/watchlist.
NSE:INSECTICIDLong
by champvimal
R-Power Bullish opportunitySince, there is a good flow of news on this stock, let's analyze it from technical standpoint for positional long bet. In the chart (Weekly): - We seem to be in primary impulse 3rd wave of which we have created sub impulse waves 1-2-3-4 (colored in yellow) - The yellow colored 3rd may have either terminated at 50 and is coming towards 34 for completing yellow colored 4th wave OR the price may go up from here itself and touch yellow 3rd wave of target of 60ish and then some consolidation may happen - Also, note we have a good strong weekly demand zone at 32-34ish and price if enters here again, can be a good long bet with excellent risk reward
NSE:RPOWERLong
by champvimal
Nifty Correction for today, tomorrow?This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame. - Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model - As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL (Previous Day Low) and also then sub a-wave downside, then we are in good confirmation that market is going downside to complete sub c-wave today/tomorrow. It has to surpass 24550-24500 though - If it goes down, we may have a small demand zone at 24400-24350 (marked in chart as green zone) where price may either consolidate and go upwards or distribute and try to go downside. In short, this will be our checkpoint of next steps after the downside view execution
NSE:NIFTYShort
by champvimal
BankNifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, BankNifty opened negative, reached a high of 52827.60, but slipped to a low of 52010.65, entering the Daily Demand Zone. It ended the day at 52139.55, down by 695 points, marking its second consecutive losing session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 51693.95 - 52197.25 (current price inside this zone) Far Support: 51353 (61.8% Fibonacci level) Far Demand/Support Zone (125m): 50898.75 - 51271.50 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52709.40 - 52911.10 Near Supply/Resistance Zone (15m): 53159.20 - 53276.55 Far Supply/Resistance Zone (30m): 53489.70 - 53675.05 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
axis Bank: Selling Pressure with Gradual Buying OpportunitiesTopic Statement: Axis Bank faces selling pressure near the 1130 distribution zone, with potential to fall to 1000, a crucial support level. Key Points: 1. The stock is in the distribution zone around 1130, with repeated testing of this level increasing the risk of a breakdown. 2. A gap at 1060 from April 2024 may be filled soon, indicating further downside. 3. The price is under the 180-day moving average, offering a gradual buying opportunity as it approaches the 1000 support.
NSE:AXISBANKShort
by yogeshwar
Nifty Support&Resistance Levels for Expiry 19th DECNifty Support and Resistance levels for expiry. Key levels to watch:- 24100 to 24050 Long Probability :- Where nifty got break out on Dec 2nd rallied till 24800, and then again tested this area on 13th December held rallied back to 24800.look for any positive price action here since it took multiple times support at this levels. Short Probability :- On the other hand breakdown of 24100 to 24050 area happened tested lower side levels of 23800 area keep on eye for breakdown to play short. Range Probability:- Least probability it played in the range for a week higher side 24350 and to lower side 24150. mark these levels and check price action at those to play accordingly. Education purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
Nifty Intraday Analysis for 18th December 2024NSE:NIFTY Index closed near 24335 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24700 Strike – 102.46 Lakh 24500 Strike – 100.29 Lakh 24600 Strike – 98.74 Lakh Put Writing 22900 Strike – 80.79 Lakh 24000 Strike – 79.80 Lakh 23500 Strike – 62.16 Lakh Index has resistance near 24500 - 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range. Index has immediate support near 24175 – 24125 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 18th December 2024NSE:BANKNIFTY Index closed near 52835 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 34.38 Lakh 53500 Strike – 23.90 Lakh 53000 Strike – 19.32 Lakh Put Writing 52000 Strike – 17.06 Lakh 52500 Strike – 16.93 Lakh 53000 Strike – 14.61 Lakh Index has resistance near 53350 – 53500 range and if index crosses and sustains above this level then may reach near 53900 – 54000 range. Index has immediate support near 52350 - 52250 range and if this support is broken then index may tank near 51900 - 51800 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 18th December 2024NSE:CNXFINANCE Index closed near 24500 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 4.34 Lakh 24800 Strike – 1.94 Lakh 24900 Strike – 1.52 Lakh Put Writing 24800 Strike – 1.48 Lakh 24500 Strike – 1.19 Lakh 24700 Strike – 1.08 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 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 18th December 2024NSE:NIFTY_MID_SELECT Index closed near 13075 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13200 Strike – 3.88 Lakh 13000 Strike – 3.83 Lakh 13300 Strike – 2.88 Lakh Put Writing 13000 Strike – 5.83 Lakh 12800 Strike – 3.05 Lakh 13100 Strike – 2.67 Lakh Index has immediate resistance near 13200 – 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range. Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA