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Supply and Demand

Nifty Support&Resistance Levels for Monday Nov 4th Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below 24275 Short for targets of 24225,24200,24175,24150. Reversal Areas are 24385 to 24400 to short there with chart pattern and (24275 to 24300) and (24175-24200) to long there check price action on those levels to play reversals.
NSE:NIFTY
by rakeshreddym
Nifty Intraday Analysis for 01st November 2024NSE:NIFTY Index closed near 24205 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 38.91 Lakh 24500 Strike – 32.90 Lakh 24400 Strike – 26.96 Lakh Put Writing 24200 Strike – 30.41 Lakh 24000 Strike – 29.00 Lakh 24300 Strike – 24.94 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 24325 – 23375 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24150 – 24100 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA
2
Banknifty Intraday Analysis for 01st November 2024NSE:BANKNIFTY Index closed near 51475 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 20.46 Lakh 53000 Strike – 19.70 Lakh 52500 Strike – 18.93 Lakh Put Writing 51500 Strike – 11.10 Lakh 51000 Strike – 9.22 Lakh 52000 Strike – 7.62 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 51750 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 51300 - 51200 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 01st November 2024NSE:CNXFINANCE Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 12.21 Lakh 24200 Strike – 10.32 Lakh 24000 Strike – 9.56 Lakh Put Writing 23500 Strike – 6.47 Lakh 23600 Strike – 5.79 Lakh 23900 Strike – 5.49 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 01st November 2024NSE:NIFTY_MID_SELECT Index closed near 12350 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 20.29 Lakh 12600 Strike – 16.34 Lakh 12400 Strike – 15.72 Lakh Put Writing 12300 Strike – 12.44 Lakh 12400 Strike – 9.60 Lakh 12200 Strike – 6.62 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range. Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12150 – 12100 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty Muhurat Trading Support & Resistance for 01.11.2024✨ Happy Diwali and Auspicious Muhurat Trading! ✨ On Thursday, BankNifty opened flat to negative and, despite an initial high of 52,005.60, faced selling pressure in banking stocks, dropping nearly 700 points to a low of 51,318.10. It found some support at the 15m demand zone, closing at 51,475.35, down 332 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend (50 SMA). Larger time frame demand and supply zones (75m, Daily, Weekly) remain unchanged. Small Time-Frame Demand/Support Zones Near Demand/Support (5m): 51,158.65 - 51,233.50 Near Demand/Support (15m): 50,382.10 - 50,485.15 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (5m): 51,638.05 - 51,688.85 Near Supply/Resistance (15m): 51,692.50 - 51,799.75 Near Supply/Resistance (15m): 52,264.05 - 52,349.45 Larger Time-Frame Demand/Support Zones Near Demand/Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support (Daily): 44,633.85 - 45,750.40 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (Daily): 51,855.15 - 52,577.50 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35 Wishing you a prosperous Muhurat trading session and a joyous Diwali! 🪔📈
NSE:BANKNIFTY
by PriteshPalan
Nifty Muhurat Trading Support & Resistance Levels for 01.11.2024✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted. Small Time-Frame Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (15m): 24,328.00 - 24,372.45 Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Larger Time-Frame Demand/Support Zones Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30 Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈
NSE:NIFTY
by PriteshPalan
BankNifty Support&Resistance Levels for 30th Oct WednesdayBnanknifty Bais still bearish It will range in 300 points between 52350 area above and 52k below, only a breakout of any of these can give good moves. 52350 above sustains long targets of 52500,52600,52800. 52000 below sustains short targets of 51900,51800,51600. Look for rejection on extremes of 52350 area above and 52 k area below for reversal play. Education purpose only do your own analysis before taking call.
NSE:BANKNIFTY
by rakeshreddym
1
Nifty Intraday Analysis for 31st October 2024NSE:NIFTY Index closed near 24340 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 115.60 Lakh 24600 Strike – 92.33 Lakh 24400 Strike – 72.98 Lakh Put Writing 24000 Strike – 98.42 Lakh 24300 Strike – 69.76 Lakh 24200 Strike – 55.91 Lakh Index has resistance near 24475 – 23525 range and if index crosses and sustains above this level then may reach near 24600 - 24650 range. Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24100 – 24000 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 31st October 2024NSE:BANKNIFTY Index closed near 51810 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 10.92 Lakh 52000 Strike – 10.47 Lakh 52500 Strike – 7.40 Lakh Put Writing 52000 Strike – 8.07 Lakh 51500 Strike – 5.86 Lakh 51000 Strike – 5.80 Lakh Index has resistance near 52150 – 52350 range and if index crosses and sustains above this level then may reach near 52650 – 52750 range. Index has immediate support near 51500 - 51300 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 31st October 2024NSE:CNXFINANCE Index closed near 24035 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 7.54 Lakh 24200 Strike – 5.02 Lakh 24300 Strike – 4.06 Lakh Put Writing 24000 Strike – 4.00 Lakh 24200 Strike – 2.85 Lakh 23700 Strike – 2.11 Lakh Index has resistance near 24275 - 24375 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 31st October 2024NSE:NIFTY_MID_SELECT Index closed near 12450 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 14.29 Lakh 12600 Strike – 11.64 Lakh 12400 Strike – 8.08 Lakh Put Writing 12500 Strike – 9.48 Lakh 12400 Strike – 8.96 Lakh 12300 Strike – 6.16 Lakh Index has immediate resistance near 12600 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range. Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12200 – 12100 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Nifty levels - Oct 31, 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
1
BankNifty levels - Oct 31, 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
1
BankNifty Intraday Support & Resistance Levels for 31.10.2024On Wednesday, BankNifty opened with a gap down, reaching a high of 52,220 before dipping to a low of 51,733. After attempting to hold the 15m demand zone, BankNifty couldn’t sustain, closing at 51,807.50 with a 513-point loss. Both the Weekly and Daily Trends (50 SMA) are currently sideways. Demand/Support Zones: Near Minor Demand/Support Zone (15m): 51,376.60 - 51,517.85 Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 52,264.05 - 52,349.45 Near Supply/Resistance Zone (Daily): 51,855.15 - 52,577.50 (tested) Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 31.10.2024On Wednesday, Nifty opened with a gap down, with bulls attempting a recovery to a high of 24,498.20 before dropping to a low of 24,307.30. It closed at 24,340.85, shedding 126 points from the previous close. The Weekly Trend (50 SMA) is still sideways, while the Daily Trend remains negative. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPalan