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.
Supply and Demand
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.
* 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.
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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!
Nifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, Nifty opened with a gap up and traded in a narrow range throughout the day, closing at 25,418.55 with a gain of 35 points. This marks the first time Nifty has closed above 25,400. For the last four days, Nifty has been hovering around this level, suggesting that if the high is not broken with strong volume, we could see a correction down to 25,075. However, if Nifty breaks the new high (above 25,450) with volume, it may reach 25,640 in the short term. Both the Weekly and Daily Trends (50 SMA) remain positive.
Demand/Support Zones:
Near Demand/Support Zone (15 min): 25,355.95 - 25,383.90
Far 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:
No Supply/Resistance zones are currently visible on the chart.
Fin Nifty Support and Resistance levels for 17 th SepFin nifty Support and reisstance levels for 17 th September.
Immeadiate Resistance area is 24035.
Immedaiate Support area is 23930.
Higherside targets 24100,24150,24200.
Lower side targets 23870,23800,23750.
wait for confiramtion on support or resistance levels to take entries otherwise leave it no random trades in between not worth it, market waiting for fed comments may go sideways eating premium all day only with good breakout or breakdown of S&R levels can give moves.
BankNifty Intraday Support & Resistance Levels for 18.09.2024On Tuesday, BankNifty opened with a gap up and traded within a narrow 200-point range throughout the day, closing at 52,188.65, gaining 35 points. The 15-minute ascending trendline mentioned in the previous post was broken in the first 15 minutes, but no significant drop followed, indicating that the bulls still have the strength to hold the index. The Weekly Trend (50 SMA) remains positive, and the Daily Trend (50 SMA) is also positive. Support and resistance zones are unchanged.
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 (current price inside the zone)
Far Supply/Resistance Zone (Daily): 53,103.70 - 53,357.70
CVNA bullish to 180/200CVNA Loves the MAs. This stock will scare you straight, and still have you rushing back for more.
Patience and expiry are key here. I like January expiry on calls.
Look at the chart and you'll see the bottom volume strength, as well as the buyer strength over sellers
Looks good. NFA
BANKNIFTY FOR 18 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
NIFTY FIN SERVICE FOR 18 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
NIFTY FOR 18 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
SLUGGISH as analysed.As we can see BANKNIFTY remained sideways to negative throughout the day as analysed in our last post as it was trading at crucial zone. Hence our view remains intact as it can remain sideways to negative in coming sessions until BANKNIFTY breaks last swing high so plan your trades accordingly.
Nifty Intraday Analysis for 17th September 2024NSE:NIFTY
Index closed near 25385 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 95.50 Lakh
25400 Strike – 50.10 Lakh
25500 Strike – 46.85 Lakh
Put Writing
25000 Strike – 60.10 Lakh
25200 Strike – 44.94 Lakh
25300 Strike – 38.84 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.
Banknifty Intraday Analysis for 17th September 2024NSE:BANKNIFTY
Index closed near 52155 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 26.55 Lakh
52500 Strike – 21.21 Lakh
53500 Strike – 16.70 Lakh
Put Writing
51000 Strike – 27.77 Lakh
51500 Strike – 22.49 Lakh
52000 Strike – 19.30 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.
Finnifty Intraday Analysis for 17th September 2024NSE:CNXFINANCE
Index closed near 23990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 25.58 Lakh
24000 Strike – 24.98 Lakh
24200 Strike – 19.82 Lakh
Put Writing
23500 Strike – 21.72 Lakh
23800 Strike – 19.05 Lakh
23600 Strike – 17.97 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.
Nifty levels - Sep 18, 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!
Midnifty Intraday Analysis for 17th September 2024NSE:CNXFINANCE
Index closed near 13275 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 6.33 Lakh
13500 Strike – 3.97 Lakh
13400 Strike – 3.91 Lakh
Put Writing
13300 Strike – 5.45 Lakh
13200 Strike – 2.36 Lakh
13250 Strike – 1.61 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.
BankNifty levels - Sep 18, 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!