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Supply and Demand

Banknifty Intraday Analysis for 08th November 2024NSE:BANKNIFTY Index closed near 51915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 21.11 Lakh 52500 Strike – 18.74 Lakh 52000 Strike – 14.27 Lakh Put Writing 52000 Strike – 14.86 Lakh 51500 Strike – 8.93 Lakh 51000 Strike – 8.28 Lakh Index has resistance near 52400 – 52500 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
NSE:BANKNIFTYLong
by RKMAURYA
#NIFTY50 - 8TH NOVEMBER!!NSE:NIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:NIFTYLong
by thetradeforecast
1
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 53.54 Lakh 24200 Strike – 30.15 Lakh 24400 Strike – 24.48 Lakh Put Writing 24200 Strike – 27.03 Lakh 23500 Strike – 24.51 Lakh 24000 Strike – 23.55 Lakh Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Nifty levels - Nov 11, 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
Midnifty Intraday Analysis for 08th November 2024NSE:NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 12.36 Lakh 12600 Strike – 11.73 Lakh 12700 Strike – 10.01 Lakh Put Writing 12600 Strike – 10.42 Lakh 12500 Strike – 8.40 Lakh 12300 Strike – 8.38 Lakh Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
NLong
by RKMAURYA
Finnifty Intraday Analysis for 08th November 2024NSE:CNXFINANCE Index closed near 23965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 7.07 Lakh 24200 Strike – 6.51 Lakh 24300 Strike – 4.36 Lakh Put Writing 23900 Strike – 4.28 Lakh 23500 Strike – 3.85 Lakh 24000 Strike –3.35 Lakh Index has resistance near 24250 - 22300 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty Intraday Support & Resistance Levels for 08.11.2024On Thursday, Nifty opened flat, climbed to a high of 24,503.35, and then slid, ignoring the 15m Demand Zone and reaching a low of 24,179.05. It closed at 24,199.35, down by 284 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. As we've mentioned in earlier posts, it’s a “Sell on Rise” market until a positive trend shift occurs. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Far Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
BankNifty levels - Nov 11, 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 Intraday Support & Resistance Levels for 08.11.2024On Thursday, BankNifty opened flat, hit a high of 52,377.25, and then declined to a low of 51,752.25. It closed at 51,916.50, down by 400 points from the previous close. Both the Weekly and Daily trends (50 SMA) remain sideways, signalling a cautious approach. Demand/Support Zones Near Support (30m): 50,900.10 - 51,230.85 Key Support (15m): 50,382.10 - 50,485.15 Major Support (Daily): 49,654.65 - 49,959.25 Deep Support: 49,282.65 (61.8% FIBO) Extended Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 52,232.35 - 52,396.50 Major Resistance (Daily): 52,817.80 - 53,235.25 Extended Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Honaut: Strong Daily Demand Zone & 44,000 Weekly SupportHonaut is currently trading entering a strong daily demand zone between 44,275 and 43,060, which could offer significant support if price stays within this range. Additionally, we observe a key weekly support line at 44,000 (also aligns with a psychological level). This makes it an even more significant area for potential price action. Key Levels: Daily Demand Zone: 44,275 and 43,060 Weekly resistance turned support Line: 44,000 (previous resistance now acting as support) If the price remains within the demand zone, this could be an ideal area for potential reversals, especially with the added confluence of the 44,000 psychological level. Watch for price action confirmation and the possibility of an uptrend continuation or reversal as the price approaches this zone.
NSE:HONAUTLong
by JS_Trading_Tradingmadesimple
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 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:XAUUSDLong
by tradergyan01
#BANKNIFTY - 8TH NOVEMBER!!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecas@thetradeforecastY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:BANKNIFTYShort
by thetradeforecast
1