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Supply and Demand

btcusd 4hr 1. **Support & Resistance**: - **Resistance**: The price is testing a resistance zone near $70,015.86. - **Support**: There are two significant support levels marked at $66,448.98 and $63,472.14. 2. **Trade Setup**: - A **green zone** above the current price indicates a potential profit target (take-profit level). - A **red zone** below the current price represents the stop-loss level, marking the area to minimize potential losses if the trade doesn't go as planned. 3. **Price Action**: - The current price is $68,381.04, with a slight decline (-0.09%) in this candle. - The price is trading in an upward trend and is consolidating near the resistance zone, likely preparing for a breakout or rejection.
CRYPTO:BTCUSDLong
by Dhruvkrsaini
Nifty Intraday Analysis for 18th October 2024NSE:NIFTY Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 53.45 Lakh 25500 Strike – 29.80 Lakh 24800 Strike – 24.87 Lakh Put Writing 24800 Strike – 22.58 Lakh 24500 Strike – 22.38 Lakh 25000 Strike – 18.09 Lakh Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 18th October 2024NSE:BANKNIFTY Index closed near 51290 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 28.79 Lakh 53000 Strike – 19.67 Lakh 51500 Strike – 14.68 Lakh Put Writing 51000 Strike – 11.60 Lakh 51500 Strike – 11.10 Lakh 50000 Strike – 9.61 Lakh Index has resistance near 51600 – 51700 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 18th October 2024NSE:CNXFINANCE Index closed near 23585 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 8.20 Lakh 23900 Strike – 7.45 Lakh 24300 Strike – 5.21 Lakh Put Writing 23100 Strike – 3.34 Lakh 23000 Strike – 2.82 Lakh 23600 Strike – 2.77 Lakh Index has resistance near 23850 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 18th October 2024NSE:NIFTY_MID_SELECT Index closed near 12990 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 19.99 Lakh 13500 Strike – 17.53 Lakh 13100 Strike – 14.95 Lakh Put Writing 13000 Strike – 14.61 Lakh 12800 Strike – 8.81 Lakh 13100 Strike – 7.39 Lakh Index has immediate resistance near 13150 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range. Index has immediate support near 12900 – 12950 range and if this support is broken then index may tank near 12800 – 12750 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Oct 21, 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 levels - Oct 21, 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