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Supply and Demand

Banknifty Intraday Analysis for 16th September 2024NSE:BANKNIFTY Index closed near 51940 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 23.74 Lakh 53000 Strike – 18.07 Lakh 52500 Strike – 15.54 Lakh Put Writing 51000 Strike – 21.60 Lakh 51500 Strike – 20.51 Lakh 51200 Strike – 13.72 Lakh Index has resistance near 52000 – 52100 range and if index crosses and sustains above 52100 level then may reach near 52500 – 52600 range. Index has immediate support near 51600 – 51500 range and if this support is broken then index may tank near 51100 - 51000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Nifty Intraday Analysis for 16th September 2024NSE:NIFTY Index closed near 25355 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 66.15 Lakh 25400 Strike – 47.05 Lakh 25500 Strike – 42.91 Lakh Put Writing 25000 Strike – 53.49 Lakh 25200 Strike – 42.22 Lakh 25300 Strike – 32.83 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.
NSE:NIFTYLong
by RKMAURYA
FinNifty levels - Sep 17, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:CNXFINANCE
by sacxe
Finnifty Intraday Analysis for 16th September 2024NSE:CNXFINANCE Index closed near 23980 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 12.59 Lakh 24200 Strike – 9.00 Lakh 24500 Strike – 8.10 Lakh Put Writing 23600 Strike – 9.08 Lakh 23700 Strike – 8.56 Lakh 23900 Strike – 8.32 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.
NSE:CNXFINANCELong
by RKMAURYA
Nifty levels - Sep 17, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Midnifty Intraday Analysis for 16th September 2024NSE:NIFTY_MID_SELECT Index closed near 13345 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13500 Strike – 20.69 Lakh 13350 Strike – 15.29 Lakh 13400 Strike – 15.22 Lakh Put Writing 13200 Strike – 16.55 Lakh 13100 Strike – 16.43 Lakh 13300 Strike – 14.18 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.
NLong
by RKMAURYA
BankNifty levels - Sep 17, 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 at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty Market Analysis for 16 September 2024On September 16 (Today) NSE:NIFTY opened gap up by 50 points, indicating positive momentum at the start of the trading session. The immediate resistance level for Nifty is observed at 25,415. If the index manages to sustain above this resistance, the next crucial resistance levels to watch are 25,502 and 25,535. On the downside, failure to hold above 25,415 could result in a decline toward the support range of 25,311 to 25,275. Immediate Resistance: 25,415 Nifty Day’s Support: 25,311 to 25,275 Nifty Day’s Resistance: 25,502 to 25,535 Disclaimer: This analysis is based on current market data and technical indicators. It is not a recommendation to trade or invest. The stock market is subject to risks, and prices can fluctuate due to various factors. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTY
by Stable_Logic
IRCON 1DSwing Trading Setup Entry Point: If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251. Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA. Stop Loss: Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to hold the support. Take Profit: If momentum continues, you can extend your take profit to the next resistance level at 352.05 Volume: The volume in the lower part of the chart is crucial. Higher volumes near support levels (200 EMA) increase the chances of a successful bounce. Keep an eye on any significant rise in volume, confirming the strength of the move. This setup offers a potential swing opportunity if the price holds support and resumes an upward trend.
NSE:IRCONLong
by vinitsugandh
1
BankNifty Intraday Support & Resistance Levels for 16.09.2024On Friday, BankNifty opened with a gap up, reaching a high of 51,994.10 and remaining within a narrow range, closing at 51,920.90, gaining 165 points. The weekly close was above both the previous week's and the month's high. If last week's low of (50369.40) holds, we could see further upward movement and potential new highs in the coming weeks. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is currently sideways. Demand/Support Zones: Near Demand/Support Zone (15 min): 51,514.55 - 51,613.95 Far Demand/Support Zone (75 min): 51,025.00 - 51,222.65 Far Demand/Support Zone (75 min): 50,564.65 - 50,760.55 Supply/Resistance Zones: Near Supply/Resistance Zone (Daily): 52,145.60 - 52,586.75 Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 16.09.2024On Friday, Nifty opened with a gap up but failed to surpass Thursday's high of 25,433.35, staying in a tight range and closing at 25,356.50, losing 32 points. Despite this, Nifty continues to trade above the previous week's close and even above the previous month's candle closing. If last week's low (24753.15) holds, we may see further upward movement and potentially new highs in the coming weeks. The trend (50 SMA) on both the Weekly and Daily timeframes remains positive. Demand/Support Zones: Near Demand/Support Zone (15 min): 25,217.90 - 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: Currently, no Supply/Resistance zones are visible on the chart.
NSE:NIFTY
by PriteshPal