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Supply and Demand

Nifty Intraday Analysis for 24th September 2024NSE:NIFTY Index closed near 25940 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 70.03 Lakh 26500 Strike – 52.94 Lakh 26200 Strike – 50.13 Lakh Put Writing 25500 Strike – 86.69 Lakh 25700 Strike – 62.15 Lakh 25800 Strike – 57.34 Lakh Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range. Index has immediate support near 25800 – 25700 range and if this support is broken then index may tank near 25600 – 25500 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 24th September 2024NSE:BANKNIFTY Index closed near 54105 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 55000 Strike – 24.29 Lakh 54000 Strike – 20.34 Lakh 54200 Strike – 14.82 Lakh Put Writing 53000 Strike – 29.52 Lakh 55500 Strike – 24.23 Lakh 54000 Strike – 22.09 Lakh Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range. Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 24th September 2024NSE:CNXFINANCE Index closed near 24955 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25200 Strike – 23.52 Lakh 25500 Strike – 22.33 Lakh 25000 Strike – 17.18 Lakh Put Writing 24500 Strike – 15.88 Lakh 24800 Strike – 15.70 Lakh 24700 Strike – 13.21 Lakh Index has resistance near 25000 - 25050 range and if index crosses and sustains above 25050 level then may reach near 25200 - 25250 range. Index has immediate support near 25650 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 24th September 2024NSE:NIFTY_MID_SELECT Index closed near 13200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 6.97 Lakh 13300 Strike – 4.16 Lakh 13400 Strike – 2.46 Lakh Put Writing 13200 Strike – 5.95 Lakh 13000 Strike – 3.63 Lakh 13100 Strike – 3.12 Lakh Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range. Index has immediate support near 13100 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
NLong
by RKMAURYA
BankNifty levels - Sep 25, 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 - Sep 25, 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 24.09.2024On Monday, BankNifty opened with a gap up, made a new all-time high of 54,197.95, and closed at 54,105.80, gaining 312 points over the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has turned overbought from positive. Support zones remain unchanged from the last post. Demand/Support Zones: Near Demand/Support Zone (30 min): 53,225.20 - 53,521.25 Far Demand/Support Zone (30 min): 52,402.80 - 52,484.55 Far Demand/Support Zone (Daily): 52,085.50 - 52,284.60 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 24.09.2024On Monday, Nifty opened with a gap up and remained strong throughout the day, making a new all-time high of 25,956 and closing at 25,939.05, gaining 148 points over the previous close. The Weekly Trend (50 SMA) has turned overbought from positive, while the Daily Trend (50 SMA) remains positive. Support zones remain unchanged from the previous post. Demand/Support Zones: Near Demand/Support Zone (75 min): 25,376.05 - 25,467.65 Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50 Far Demand/Support Zone (75 min): 24,941.45 - 25,036.75 Supply/Resistance Zones: No visible supply/resistance zones on the chart at the moment.
NSE:NIFTY
by PriteshPal
Force Motors: A Technical and Fundamental Play in Demand ZoneWelcome traders! Today, we're diving deep into Force Motors, a stock currently sitting in a significant demand zone. Let’s break down the technical and fundamental aspects that make this stock an interesting opportunity. Monthly and Weekly Demand Zones: When we look at the monthly chart , Force Motors is currently trading in a strong Rally Base Rally (RBR) demand zone . This zone is a crucial area where price often finds support and can lead to a bounce back. If we zoom into the weekly chart , we notice that the price has already reacted from a weekly RBR demand zone nested inside the monthly zone. Last week’s candle formation is notable because it’s an absorption candle , indicating that the selling pressure has been taken over by buyers. 📊 Volume Analysis: The presence of large green volume bars compared to smaller red bars further suggests that the selling is minimal, showing a clear sign of strength. The price is currently in a healthy pullback from its all-time high, which often provides a great buying opportunity for savvy traders. 🧠 Fundamental Strength: A Company on the Rise 💪 Force Motors is not just looking good technically; its fundamentals are also rock solid. The company's Piotroski F-score is 9, indicating strong financial health. This score assesses several financial criteria, including profitability, leverage, and operating efficiency, confirming that the company is fundamentally sound. Recent quarterly (June 2024) numbers are impressive: Net Sales: Rs 1,884.90 crore in June 2024, up 26.71% from June 2023. Net Profit: Rs. 115.70 crore in June 2024, up 68.76% from June 2023. EBITDA: Rs. 264.13 crore, up 37.52% from June 2023. EPS: Increased to Rs. 87.81 from Rs. 52.04 in June 2023. These numbers reflect not just growth but also consistent performance. Such fundamentals often provide a safety net for technical setups, adding an extra layer of confidence. 🔍 Institutional Interest: The Big Players Are Watching 👀 We always like to see where institutional money is flowing because it often moves the market. For Force Motors, the institutional investment data is promising: FII/FPI holdings have increased from 6.34% to 7.78% in the June 2024 quarter. Number of FII/FPI investors rose from 124 to 160. Institutional Investors’ holdings jumped from 7.20% to 8.80%. This surge in institutional interest tells us that the big players are finding value in Force Motors at these levels. Their buying can lead to further price appreciation as they tend to have a long-term view. The current price is trading in area where institutions have increased their stakes most probably, indicating that these monthly and weekly demand zones are genuine footprints of smart money. This means we are aligning our trades with institutional players. The likelihood of the price falling from this area is quite low because institutions typically protect their positions. These demand zones suggest that there may be pending or unfilled buy orders from smart money, so entering a trade here means we are trading alongside these big players. 💡 Trade Setup: A Clear Plan for Traders 🗺️ Based on the technical and fundamental analysis, here’s a potential trade setup: Entry: You can consider buying at the current price level, which is within the strong demand zone. Stop Loss: Place your SL below the demand zone or, if you don't want to take big risk, just keep SL below last week’s candle low with a buffer. Target: Aim for at least a 1:2 risk-reward ratio. You can ride the rally by trailing your stop-loss, ensuring you lock in gains as the stock moves in your favor ⚠️ A Word of Caution: Always Manage Your Risk Trading is about probabilities, not certainties. Even the best setups can fail, so always manage your risk. This analysis is for educational purposes only. I'm not a SEBI registered analyst, and you should do your own research before making any trading decisions. 🔥 Keep Trading and Keep Growing! 📈💪 "Success in trading is not about being right, but about managing your risk and emotions." 💡 Thank you for your support, likes, and comments. Feel free to ask any questions! Your interaction keeps me motivated to share more valuable insights. Happy trading, and may the markets be ever in your favor! 🎯🚀
Editors' picks
NSE:FORCEMOTLong
by AfnanTAjuddin
2
TATA MOTORS 1DKey Levels: Order Block (OB): ₹980 to ₹1,011 This is the zone where buyers previously stepped in and the price has reversed from it. It serves as a demand zone or a strong support area. Liquidity Zone: Below the OB, liquidity was grabbed, suggesting that weak hands might have exited, and stronger players have entered. Resistance/Target: ₹1,141.75 This is the target drawn on the chart, likely based on previous highs. Current Price: ₹992.10 Observations: Bullish Structure: Price has bounced from the OB and the liquidity grab zone, indicating a potential bullish reversal. The bounce suggests that institutional buying may have occurred. Break of Structure (BOS): If the price clears ₹1,011 (the top of the OB zone), it would confirm a bullish break and increase the likelihood of an upward continuation toward the ₹1,141 target. Upside Potential: The marked target of ₹1,141.75 offers an upside potential of approximately 16.6% from the current price level. Swing Trade Setup: Entry: Aggressive Entry: Around current levels (₹990–₹1,000), given the bounce from the liquidity zone. Conservative Entry: Upon the price breaking and holding above ₹1,011 (the top of the OB), indicating more confirmation of bullish momentum. Targets: First Target: ₹1,060 (interim resistance level). Final Target: ₹1,141.75 (as per your chart's target level). Stop-Loss: Below ₹980 (to avoid being caught in another liquidity sweep). Ideal stop-loss could be placed around ₹970 for a safer risk management setup. Risk-to-Reward Ratio: If entering at ₹1,000 with a stop-loss at ₹970 and a target of ₹1,141.75, the Risk-to-Reward would be approximately 1:5, which is a favorable trade setup. Strategy: Hold Position: If the price consolidates within the OB zone, hold as long as it stays above ₹980. Exit or Reassess: If the price drops below ₹970, consider exiting the position to limit losses. This setup presents a strong opportunity, with good risk management and high potential for gains.
NSE:TATAMOTORSLong
by vinitsugandh
Nifty Intraday Analysis for 23rd September 2024NSE:NIFTY Index closed near 25790 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 63.78 Lakh 25800 Strike – 55.14 Lakh 25700 Strike – 50.90 Lakh Put Writing 25500 Strike – 76.37 Lakh 25700 Strike – 55.95 Lakh 25600 Strike – 47.80 Lakh Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range. Index has immediate support near 25500 – 25400 range and if 25350 support is broken then index may tank near 25100 – 25000 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 23rd September 2024NSE:BANKNIFTY Index closed near 53795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 54000 Strike – 22.97 Lakh 53500 Strike – 14.61 Lakh 54500 Strike – 12.03 Lakh Put Writing 53000 Strike – 24.40 Lakh 52500 Strike – 17.11 Lakh 53500 Strike – 13.71 Lakh Index has resistance near 54000 – 54200 range and if index crosses and sustains above 54200 level then may reach near 54500 – 54600 range. Index has immediate support near 53400 – 53300 range and if this support is broken then index may tank near 52700 - 52500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 23rd September 2024NSE:CNXFINANCE Index closed near 24790 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 7.09 Lakh 25200 Strike – 6.04 Lakh 24500 Strike – 5.55 Lakh Put Writing 24000 Strike – 11.32 Lakh 24500 Strike – 8.90 Lakh 24300 Strike – 8.21 Lakh Index has resistance near 25000 - 25050 range and if index crosses and sustains above 25050 level then may reach near 25200 - 25250 range. Index has immediate support near 25600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 23rd September 2024NSE:NIFTY_MID_SELECT Index closed near 13115 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13300 Strike – 26.68 Lakh 13200 Strike – 22.82 Lakh 13500 Strike – 20.55 Lakh Put Writing 12800 Strike – 17.09 Lakh 13000 Strike – 17.09 Lakh 13100 Strike –14.57 Lakh Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range. Index has immediate support near 13000 – 12900 range and if this support is broken then index may tank near 12800 – 12750 range.
NLong
by RKMAURYA
FinNifty levels - Sep 24, 2024FinNifty 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:CNXFINANCE
by sacxe
Nifty levels - Sep 24, 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 levels - Sep 24, 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