Finnifty Intraday Analysis for 19th September 2024NSE:CNXFINANCE
Index closed near 24325 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
25000 Strike – 3.95 Lakh
24500 Strike – 2.63 Lakh
24300 Strike – 2.36 Lakh
Put Writing
24100 Strike – 5.28 Lakh
24000 Strike – 4.62 Lakh
24200 Strike – 2.90 Lakh
Index has resistance near 24500 - 24600 range and if index crosses and sustains above 24600 level then may reach near 24800 - 24900 range.
Index has immediate support near 23900 – 23800 range and if this support is broken then index may tank near 23750 – 23700 range.
Big swing expected on either side due to the upcoming US FOMC Rate cut outcome.
Supply and Demand
Midnifty Intraday Analysis for 19th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
13300 Strike – 13.50 Lakh
13200 Strike – 12.25 Lakh
13500 Strike – 10.17 Lakh
Put Writing
13300 Strike – 6.72 Lakh
13200 Strike – 6.16 Lakh
13000 Strike – 5.95 Lakh
Index has immediate resistance near 13400 - 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13000 – 12900 range and if this support is broken then index may tank near 12800 – 12750 range.
Big swing expected on either side due to the upcoming US FOMC Rate cut outcome.
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AUBANK - LONG TERM INVESTMENT CANDIDATE ?AU Small Finance Bank Limited is engaged in providing a range of banking and financial services including retail banking, wholesale banking, treasury operations and other services.
CMP - 565
AUBANK is currently trading in a support zone & looking good for long term investing perspective. I am allocating my investment allocation at CMP.
Targets I'm expecting are 785 & 850 which is 40-48% upside from current level.
My SL would be 500.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my investment position. You can track it for educational purposes. Thanks!
BANKNIFTY at crucial ZONE!!As we can see BANKNIFTY finally broke its important supply zone leading to big unidirectional break as we had been analysing in past few days. Hence as long as BANKNIFTY maintains itself below that zone then we may see sideways to sluggishness again but if manages to break after opening flat then we may see another strong upmove and new ALL TIME HIGH in coming trading sessions so plan your trades accordingly.
Nifty Expiry 25K Will test Nifty Support and Resistance levels
Immeadiate Resistane is 24390 area
Immeadiate Support is 24300 area
Today end of day huge sell off happened in IT sector which indicates something changed in market before fed meeting to happen to night in US Markets ,which will impact our market also in a way. Any gap down or sustains below 24300 area will test 25 k area.Until proven otherwise.
Educational purpose only do your analysis before taking any decisions.
BankNifty Intraday Support & Resistance Levels for 19.09.2024On Wednesday, BankNifty opened flat and rallied over 750 points to reach a high of 52,954.20. However, some profit bookings followed, and it closed at 52,750.40, gaining 561 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 52,406.95 - 52,484.55
Far Demand/Support Zone (125 min): 51,643.95 - 51,938.05
Far Demand/Support Zone (Daily): 50,369.40 - 51,420.15
Supply/Resistance Zones:
Near Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
Nifty Intraday Support & Resistance Levels for 19.09.2024On Wednesday, Nifty opened almost flat, touched the 15-minute Demand zone mentioned in the last post, and bounced 100 points to make a new all-time high of 25,482.20. However, it faced selling pressure, dropping 200 points from the top, and closed at 25,331.40, losing 41 points from the previous day. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near minor Demand/Support Zone (15 min): 25,244.55 - 25,269.45
Far Demand/Support Zone (Daily): 24,753.15 - 25,130.50
Far Demand/Support Zone (75 min): 24,885.15 - 25,072.55
Supply/Resistance Zones:
Near minor Supply/Resistance Zone (15 min): 25,469.05 - 25,482.20
NIFTY FOR 19 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
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NIFTY FIN SERVICE FOR 19 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Please Give A Like If You Like
BANKNIFTY FOR 19 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Please Give A Like If You Like
Intraday Levels for 19/09/2024BANKNIFTY Intraday Levels for 19/09/2024
Here are the BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both.
The SL (Stop loss) for each trade should be there.
Note: This idea and these levels are only for learning and educational purpose.
Your likes /boosts gives us motivation for continued leaning and sharing ideas.
Nifty Intraday Analysis for 18th September 2024NSE:NIFTY
Index closed near 25420 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 107.29 Lakh
25400 Strike – 50.29 Lakh
25300 Strike – 49.07 Lakh
Put Writing
25000 Strike – 62.11 Lakh
25400 Strike – 47.97 Lakh
25300 Strike – 47.22 Lakh
Index has resistance near 25450 – 25500 range and if index crosses and sustains above 25550 level then may reach near 25650 - 25700 range.
Index has immediate support near 25250 – 25200 range and if 25200 support is broken then index may tank near 25000 – 24900 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Banknifty Intraday Analysis for 18th September 2024NSE:BANKNIFTY
Index closed near 52190 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 36.12 Lakh
53000 Strike – 34.83 Lakh
53500 Strike – 26.33 Lakh
Put Writing
52000 Strike – 36.68 Lakh
51000 Strike – 32.35 Lakh
51500 Strike – 27.37 Lakh
Index has resistance near 52450 – 52500 range and if index crosses and sustains above 52500 level then may reach near 52800 – 52900 range.
Index has immediate support near 51800 – 51700 range and if this support is broken then index may tank near 51400 - 51300 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Finnifty Intraday Analysis for 18th September 2024NSE:CNXFINANCE
Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 2.58 Lakh
25000 Strike – 1.29 Lakh
24500 Strike – 1.12 Lakh
Put Writing
24000 Strike – 2.12 Lakh
23500 Strike – 0.90 Lakh
23700 Strike – 0.61 Lakh
Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.
Index has immediate support near 23900 – 23840 range and if this support is broken then index may tank near 23750 – 23700 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Midnifty Intraday Analysis for 18th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 8.34 Lakh
13500 Strike – 6.84 Lakh
13400 Strike – 5.04 Lakh
Put Writing
13300 Strike – 8.35 Lakh
13000 Strike – 6.20 Lakh
13200 Strike – 4.67 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
Index is expected to be in range bound with a slightly lower side due to the upcoming US FOMC Rate cut outcome.
Nifty levels - Sep 19, 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.
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BankNifty levels - Sep 19, 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!