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Supply and Demand

Nifty Support&Resistance for 12th Dec Thursday Expiry Nifty been trading in very tight range this week until breakout or breakdown happens expecting this week to close in range. Key levels to watch for : 24750 and 24550 Resistance :- Above 24750 if sustains long for the targets of 24820,24850,24900 and 25k area and watch for any reversal pattern at same 24750 area to short. Support:- Below 24550 area if sustains below short for the targets of 24500,24425,24350. And same look for rejection at 24550 area here if happens long probability also there. Educational purpose do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them. For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment. Key Scenarios for Tomorrow: Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets. Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus. Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events. Disclaimer This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
NSE:NIFTY
by Stable_Logic
1
Nifty Intraday Analysis for 12th December 2024NSE:NIFTY Index closed near 24640 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24700 Strike – 146.50 Lakh 25000 Strike – 145.21 Lakh 24600 Strike – 102.78 Lakh Put Writing 24000 Strike – 110.82 Lakh 24500 Strike – 109.43 Lakh 24600 Strike – 99.69 Lakh Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 12th December 2024NSE:BANKNIFTY Index closed near 53390 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 24.48 Lakh 53500 Strike – 17.31 Lakh 54500 Strike – 15.87 Lakh Put Writing 52500 Strike – 17.66 Lakh 53500 Strike – 17.53 Lakh 53000 Strike – 13.71 Lakh Index has resistance near 53800 – 54000 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range. Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 12th December 2024NSE:CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 2.58 Lakh 24800 Strike – 1.16 Lakh 24700 Strike – 1.09 Lakh Put Writing 24800 Strike – 1.25 Lakh 24700 Strike – 1.17 Lakh 24500 Strike – 0.75 Lakh Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 12th December 2024NSE:NIFTY_MID_SELECT Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 7.22 Lakh 13300 Strike – 2.70 Lakh 13200 Strike – 2.17 Lakh Put Writing 13000 Strike –8.00 Lakh 13100 Strike – 2.34 Lakh 12900 Strike – 2.13 Lakh Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range. Index has immediate support near 13075 – 13025 range and if this support is broken then index may tank near 12900 – 12850 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Nifty levels - Dec 13, 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 - Dec 13, 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 Intraday Support & Resistance Levels for 12.12.2024On Wednesday, Nifty opened flat to positive, tested a low of 24583.85 and a high of 24691.75 during the session. It closed at 24641.80, gaining 31 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) is positive, indicating a cautiously optimistic outlook. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 - 24368.30 Far Demand/Support Zone (30m): 24140 - 24187.05 Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (Current price inside the zone) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35 Critical Level: Nifty is facing resistance around 24700. If it fails to sustain above this level, a correction towards 24370 or lower can be expected.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 11th December 2024NSE:NIFTY Index closed near 24610 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 121.28 Lakh 24700 Strike – 114.92 Lakh 24800 Strike – 81.90 Lakh Put Writing 24000 Strike – 94.23 Lakh 24300 Strike – 68.75 Lakh 24500 Strike – 64.48 Lakh Index has resistance near 24800 – 24850 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 11th December 2024NSE:BANKNIFTY Index closed near 53580 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 54000 Strike – 21.25 Lakh 55000 Strike – 19.04 Lakh 53500 Strike – 12.39 Lakh Put Writing 52500 Strike – 16.55 Lakh 53500 Strike – 13.74 Lakh 53000 Strike – 13.34 Lakh Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range. Index has immediate support near 53350 - 53250 range and if this support is broken then index may tank near 52850 - 52750 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 11th December 2024NSE:CNXFINANCE Index closed near 24805 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 2.39 Lakh 24800 Strike – 1.26 Lakh 24700 Strike – 0.90 Lakh Put Writing 24800 Strike – 1.15 Lakh 24700 Strike – 1.07 Lakh 24500 Strike – 0.85 Lakh Index has resistance near 24900 - 24950 range and if index crosses and sustains above this level then may reach near 25100 - 25150 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 11th December 2024NSE:NIFTY_MID_SELECT Index closed near 13085 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 7.50 Lakh 13300 Strike – 2.54 Lakh 13200 Strike – 2.02 Lakh Put Writing 13000 Strike –8.39 Lakh 12900 Strike – 2.03 Lakh 13050 Strike – 1.36 Lakh Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 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_SELECTLong
by RKMAURYA
Nifty levels - Dec 12, 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 - Dec 12, 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
SYNGENE: A Confluence of Demand Zones Worth Watching Understanding the market moves through the lens of demand and supply zones can give traders a critical edge. I’ve been looking at SynGene International ( NSE:SYNGENE ), and I think it’s at a super interesting level right now. Let me break it down for you in a simple way! 📈 Why SynGene Looks Promising Right Now Triple Timeframe Demand Zone Confluence : NSE:SYNGENE is trading in demand zones across the 75-minute, 125-minute, and daily timeframes. This rare alignment of zones suggests that "smart money" may be active here. Demand zones represent areas where unfilled buy orders are likely to exist, making this confluence a highly positive factor for demand-supply zone traders. Absence of Supply Zones : No supply zones are visible on the current timeframes or even on the weekly chart. This indicates that price movement may face minimal resistance ahead. The absence of supply zones on the higher timeframe (weekly) places the stock in a "wholesale area" as per Curve (location) analysis. Quality Demand Zone : The demand zones currently in play were instrumental in driving the price to an all-time high in the past. These zones follow-through candles broken multiple tested resistance levels, demonstrating their strength. Act of Polarity : While the price is not precisely in the demand zone right now, it is trading at a level that previously acted as resistance. This "act of polarity" (where resistance becomes support) adds another layer of technical validity to this setup. Uptrend on Higher Timeframe : The higher timeframe trend for SynGene remains upward, aligning well with the idea of buying on demand zones. 🎯 Key Trading Considerations - Entry Strategy : Look for entry opportunities near the demand zone, ensuring your stop-loss (SL) is placed below the distal line of the demand zone with a buffer. - Risk Management : Aim for a minimum 1:2 risk-reward ratio for your first target. If the price moves further upward, consider trailing your stop-loss to capture extended rallies. - Safety is Key : While the setup is promising, remember that no setup is foolproof. Discipline with stop-losses. Lastly, thank you for your support. Feel free to ask if you have any questions. 📢 Disclaimer : This analysis is purely for educational purposes and is not intended as a trading or investment recommendation. Please note, I am not a SEBI-registered analyst. Always consult with a financial professional before making trading or investment decisions.
NSE:SYNGENELong
by AfnanTAjuddin