Prices to stay in rotation zone XAUUSD in consolidationXAUUSD is in consolidation zone we can clearly see that prices are not either breaching newer high's not breaking lower lows.
Supply and Demand
Nifty Intraday Analysis for 3rd December 2024NSE:NIFTY
Index closed near 24275 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 79.82 Lakh
24300 Strike – 65.23 Lakh
24400 Strike – 60.04 Lakh
Put Writing
24000 Strike – 118.24 Lakh
24100 Strike – 80.76 Lakh
24200 Strike – 61.37 Lakh
Index has resistance near 24325– 24350 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 23950 – 23900 range.
Banknifty Intraday Analysis for 3rd December 2024NSE:BANKNIFTY
Index closed near 52110 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
53000 Strike – 13.73 Lakh
52500 Strike – 9.80 Lakh
52000 Strike – 8.68 Lakh
Put Writing
52000 Strike – 11.63 Lakh
51000 Strike – 9.72 Lakh
52500 Strike – 7.94 Lakh
Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53350 – 53500 range.
Index has immediate support near 51750 - 51700 range and if this support is broken then index may tank near 51250 - 51100 range.
Finnifty Intraday Analysis for 3rd December 2024NSE:CNXFINANCE
Index closed near 24075 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 1.41 Lakh
24500 Strike – 0.76 Lakh
24100 Strike – 0.68 Lakh
Put Writing
24000 Strike – 1.66 Lakh
24200 Strike – 0.63 Lakh
24100 Strike – 0.61 Lakh
Index has resistance near 24250 - 24300 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23675 – 23625 range.
Midnifty Intraday Analysis for 3rd December 2024NSE:NIFTY_MID_SELECT
Index closed near 12725 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12700 Strike – 2.42 Lakh
12600 Strike – 1.81 Lakh
12800 Strike – 1.76 Lakh
Put Writing
12600 Strike – 3.32 Lakh
12700 Strike – 2.72 Lakh
12500 Strike – 2.67 Lakh
Index has immediate resistance near 12800 – 12850 range and if index crosses and sustains above this level then may reach 12950 – 13000 range.
Index has immediate support near 12650 – 12600 range and if this support is broken then index may tank near 12500 – 12450 range.
BankNifty levels - Dec 04, 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.
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Nifty levels - Dec 04, 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!
XAGUSD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDXAGUSD 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
Nupur Recyclers a good RR setup. NRL is at a support level and trying to reverse.
The risk is 10.7%
Reward: 31%
RR: 1:3
RISKY- MicroCap company. ROE and ROCE are not so good. Please do your due diligence before investing. Volume needs improvement too.
Zuari looks good for a long position. Wait for a close above 258. Volumes are picking up with price movement.
Risky trade as the stock tends to give deep pullbacks. At present, the breakout candle is forming an upper long wick.
Safe traders wait for a close, deploy 30-40% now and wait for a retest to deploy the rest.
BankNifty Intraday Support & Resistance Levels for 03.12.2024On Monday, BankNifty opened flat, dipped to a low of 51693.95 (breaking below the key 51750 support), and rallied to a day high of 52197.25. It closed at 52109, gaining 53 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) continue to remain sideways, reflecting range-bound momentum.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 52675.65 - 52760.20
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Nifty Intraday Support & Resistance Levels for 03.12.2024On Monday, Nifty opened flat, made a low of 24008.65, and rallied to a day high of 24301.70, entering the 125m supply zone. It closed at 24276.05, gaining 145 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating range-bound movement.
Demand/Support Zones
Near Demand/Support Zone (5m): 24008.65 - 24056.85
Near Demand/Support Zone (15m): 23661.75 - 23731.25
Far Demand/Support Zone (75m): 23447.15 - 23578.60
Far Support: 23189.88 (61.8% FIBO)
Far Demand/Support Zone (Daily): 22642.60 - 22910.15
Supply/Resistance Zones
Near Supply/Resistance Zone (125m): 24257.65 - 24354.55 (current price inside the zone)
Far Supply/Resistance Zone (75m): 24447.65 - 24537.60
Far Supply/Resistance Zone (Daily): 24567.65 - 24978.30 (inside weekly supply)
Far Supply/Resistance Zone (75m): 24636.75 - 24741.45 (inside daily supply)
Far Supply/Resistance Zone (Weekly): 24567.65 - 25234.05
BANKNIFTY preparing itself for big UPMOVE Only has to sustain itself above 52500 for a new ATH so plan your trades accordingly as it can remain sideways to negative till then so keep watching.
CANFINHOME Trading Above Fresh Demand ZoneCANFINHOME is currently trading at ₹814.55, slightly above its demand zone between ₹808.85 and ₹793.05, identified on 16th August 2024. This fresh zone has not yet been tested, suggesting potential buying interest if the price retraces to this range. Investors might consider monitoring for a pullback, which could provide a buying opportunity near this support zone.
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.
INDIGOPNTS Trading Above Fresh Demand ZoneINDIGOPNTS is currently trading at ₹1402.75, slightly above its demand zone between ₹1396.5 and ₹1382.5, established on 10th July 2024. This fresh zone has not been tested yet, indicating potential buying interest if the price pulls back to this range. Investors may monitor for a retracement to this level, which could offer a buying opportunity near the 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.
Nifty Intraday Analysis for 2nd December 2024NSE:NIFTY
Index closed near 24130 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 74.22 Lakh
24300 Strike – 51.97 Lakh
24200 Strike – 47.59 Lakh
Put Writing
24000 Strike – 73.71 Lakh
23500 Strike – 72.49 Lakh
23800 Strike – 56.65 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 23950 – 23850 range and if this support is broken then index may tank near 23750 – 23650 range.
Index has resistance near 24300 – 24350 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range.
Banknifty Intraday Analysis for 2nd December 2024NSE:BANKNIFTY
Index closed near 52055 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
53000 Strike – 13.06 Lakh
52500 Strike – 9.34 Lakh
52000 Strike – 7.87 Lakh
Put Writing
52000 Strike – 11.14 Lakh
51000 Strike – 9.16 Lakh
52500 Strike – 7.89 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 51750 - 51700 range and if this support is broken then index may tank near 51250 - 51100 range.
Index has resistance near 52650 – 52750 range and if index crosses and sustains above this level then may reach near 53350 – 53500 range.
Finnifty Intraday Analysis for 2nd December 2024NSE:CNXFINANCE
Index closed near 24010 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
24000 Strike – 1.54 Lakh
24500 Strike – 0.82 Lakh
24200 Strike – 0.79 Lakh
Put Writing
24000 Strike – 1.46 Lakh
24200 Strike – 0.64 Lakh
24100 Strike – 0.61 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23675 – 23625 range.
Index has resistance near 24200 - 24250 range and if index crosses and sustains above this level then may reach near 24400 - 24500 range.
Midnifty Intraday Analysis for 2nd December 2024NSE:NIFTY_MID_SELECT
Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
12600 Strike – 2.37 Lakh
12700 Strike – 2.13 Lakh
13000 Strike – 2.12 Lakh
Put Writing
12600 Strike – 2.93 Lakh
12500 Strike – 1.80 Lakh
12550 Strike – 1.27 Lakh
Expected to gap down opening due to fresh threat from Trump to BRICS nations and below the expected Q2 in FY 2024-25 number. However, it may recover due to expected good GST Collection data for the November 2024 month.
Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.
Index has immediate resistance near 12700 – 12725 range and if index crosses and sustains above this level then may reach 12850 – 12950 range.
Nifty levels - Dec 03, 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!
BankNifty levels - Dec 03, 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!
BANKNIFTY has gap to fill..!As we can see a massive gap which is yet to be filled hence despite the break of zones, we might see this gap to be filled before continuing its rally. As of now following the Indian GDP news, we can expect a weaker opening which could also lead to gap covering and any short covering from that area could lead to continuations of bull run so plan your trades accordingly.
BankNifty Intraday Support & Resistance Levels for 02.12.2024On Friday, BankNifty opened on a positive note, making a high of 52170.90 and a low of 51759.45, closing strong at 52055.60, up 148 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a lack of clear directional momentum.
For the past five days, BankNifty has held support at 51750. A break below this level could trigger selling pressure, potentially driving it to 51270 or lower.
Demand/Support Zones
Near Demand/Support Zone (30m): 51040.05 - 51271.50
Far Small Demand/Support Zone (15m): 50609.75 - 50824.55
Far Support: 49282.65 (61.8% FIBO Level)
Far Demand/Support Zone (Daily): 44633.85 - 45750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 52675.65 - 52760.20
Far Supply/Resistance Zone (Daily): 52817.80 - 53235.25
Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35
Key Levels to Watch
Upside Breakout: Above 53235, expect a test of 53741 or higher.
Downside Support: A break below 51750 could lead to 51270 or lower.
