NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 11700 strike with 2.55 Lakh followed by 1.67 Lakh at 11800 Strike and 1.35 Lakh at 11900 strike and Put writing of 2.13 Lakh at 11600 Strike followed by 2.02 Lakh at 11700 Strike and 1.95 Lakh at 11500 strike. Index is closed near 11675 level. Index has resistance near 11700 - 11725 level and if index...
Nifty 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...
Utilizing 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...
Current Scenario Resistance Levels: 2440: Gold has faced rejections around this area previously, indicating a strong resistance level. Traders should be cautious about going long near this level unless there is a decisive breakout. 2450: A major resistance level. If the price breaks and sustains above this level, it could trigger a significant...
Gokul agro has tested level of 150 multiple times in last couple of years. Stock has managed to break the level now with heavy volumes. Stock can be accumulated for big returns in future, more than 2x. Stock is available at decent valuations currently. However, stock comes under high risk category so safe investors should stay away. However, such breakouts...
Ashok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout. A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB. Chart looks similar to Midhani which gave a sharp upmove after...
-Posted Good results, EPS YoY 132% n 43% QoQ growth (thats type of growth in earnings you want to see in stocks you want trade) TA: - Mother Candle: 4 days Insidebar Candle -Green Vol > Red Vol -Consolidating near previous high BO level = constructive sign -Good flushing of sellers -Good Shakeouts, when price go below major ema, here both 21/50 emas, n rally...
Yesterday, BankNifty experienced a strong rally, coming just 300 points short of its all-time high. Similar to Nifty, there was selling pressure in the last hour, but it still managed to close with a 300-point gain. Resistance Levels: Near Resistance Zone (30m): 49,583 - 49,689 Far Resistance Zone (15m): 49,818 - 49,975 Support Levels: Near Support Zone (125m):...
For the second day in a row, Nifty crossed the 23,000 mark but failed to close above it, indicating selling pressure at this psychological level. In the last hour of trading, we saw a fall that broke the previous day's low. Resistance Levels: Nearest Resistance Zone (30m): 23,047 - 23,111 Support Levels: Nearest Support Zone (15m): 22,744 - 22,769 Far Support...
A sectoral analysis after quite long time. I had previously covered Nifty Pharma & Nifty Energy which have outperformed Nifty. However, Nifty IT has largely underperformed in the last 2 years as compared to broader indices mostly because of recession in western countries. The sector is in consolidation since last 3 years and all the investors of large cap IT...
Hindware has formed a double bottom pattern at a very strong support trendline and has given breakout of the neckline. If Q4 results are better then expected, we can see a good trending bullish move in the stock. Keep in watchlist. A relatively Safe trade as big targets can be expected.
Sumitomo has a strong demand zone at around 345-350 levels which has been tested multiple times. Stock is looking strong as a reversal trade since we can see good volume buying from demand zone. A weekly closing above 450 will open ATH and above targets for the stock. Keep in watchlist. Just my personal opinion and not a recommendation
As we can see after strong rally BANKNIFTY finally got rejected from our supply zone which has been marked as a median making BANKNIFTY indecisive now but as soon as BANKNIFTY breaks above we may see 50k mark in no time leading to new ATH so plan your trades accordingly.
Stock Tring to Breakout of the rounding bottom after 5 Years If this Breaks the All time High of 103 can zoom to 141 Longer term 1.5-2 Years can be 290++ Support is there at 79 but we will take the SL there Entry Point is good above 90 Take informed decision check fundamentals please.
Time to BUY ZEEL. Bouncing well from the quarterly demand zone looks oversold. Buy at current levels Accumulate more at 110-120 levels Good to go 3X from here in a year and a half all the way to 408. Targets given in chart Please do your fundamental research though.
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,...
NSE:NIFTY Highest Call writing near CMP is at 23000 Strike of 67.19 Lakh followed by 36.71 Lakh at 23100 Strike and 36.10 Lakh at 23200 strike. Maximum Put writing of 68.57 Lakh at 23000 Strike followed by 48.87 Lakh at 22800 strike and 47.77 Lakh at 22700 Strike. Index closed near 22955 level. Index has resistance near 23000 - 23050 level and if index crosses...
NSE:BANKNIFTY Highest Call writing near CMP is at 50000 strike of 27.05 Lakh followed by 22.69 Lakh at 49000 strike and 17.60 Lakh at 49500 strike. Highest Put writing of 31.00 Lakh at 48000 strike followed by 18.00 Lakh at 48500 strike and 16.08 Lakh at 47500 strike. Index closed near 48970 level. Index is facing resistance near 49000 - 49100 level and if...