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Supply and Demand

Nifty levels - Sep 09, 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
1
BankNifty levels - Sep 09, 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
KPR MILL 1DBreak of Structure (BOS): A bullish breakout has occurred, signalling a potential change in trend. Trap for Retest: This indicates a possible bull trap, where retailers might have been caught. Institutional Buying Area: This region highlights a potential accumulation zone where institutional buyers may have entered, supporting the price. Projected Target: A potential upside target of ₹1,008.95 is marked, representing a 15.03% gain from the current price. Educational Insights: The stock is in a key institutional buying zone, which can often act as a strong support level. The break of the descending trendline and the retest of this zone increases the likelihood of an upward move. A well-defined upside target is set, showing potential profits from this structure. Radar: KPR Mill Ltd. can be monitored closely for a potential long entry as the price may continue to rise from the institutional buying area, aiming for the projected target.
NSE:KPRMILLLong
by vinitsugandh
BankNifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, BankNifty opened with a gap up, reaching a high of 51636.75 and staying range-bound throughout the session, eventually closing with a 72-point gain at 51473.05. The weekly trend (50 SMA) remains positive, while the daily trend (50 SMA) is sideways. Support Levels: Near minor Demand/Support Zone (15m): 50984 - 51073 Far Demand/Support Zone (30m): 50663 - 50772 Far Demand/Support Zone (30m): 50393 - 50507 Resistance Levels: Near Supply/Resistance Zone (15m): 51665 - 51732 Far Supply/Resistance Zone (30m): 52103 - 52340 Far Supply/Resistance Zone (125m) for weekly trade: 52870 - 53188
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 06.09.2024On Thursday, Nifty opened with a gap up, entering the 15m supply zone (25260 - 25285) mentioned in the previous post. It dropped nearly 150 points from the day's high to 25127.75 before closing at 25145.10. Both the weekly trend (50 SMA) and daily trend (50 SMA) remain positive. Support Levels: Near Demand/Support Zone (Daily): 24964 - 25052 Near Demand/Support Zone (Daily): 24771 - 24859 Resistance Levels: Near Supply/Resistance Zone (5m): 25235 - 25258
NSE:NIFTY
by PriteshPal
Finnifty Intraday Analysis for 06th September 2024NSE:CNXFINANCE Index closed near 23860 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24400 Strike – 7.96 Lakh 23900 Strike – 7.87 Lakh 24200 Strike – 6.62 Lakh Put Writing 23800 Strike – 7.08 Lakh 23700 Strike – 5.94 Lakh 23900 Strike – 5.09 Lakh Index has resistance near 23950 - 24000 range and if index crosses and sustains above 24000 level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:CNXFINANCELong
by RKMAURYA
BANKNIFTY Be The Short Term TopHello traders today i want to share an Educational post about Opening range breakout a very common and old strategy used by many traders and it's still pretty effective Good breakout is observed in the 15m timeframe. This index is a fantastic compounder and has excellent fundamentals and technicals. There is an immediate upside NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like Disclaimer: This is not a solicitation to buy or sell any financial instruments. Please consult your financial advisor.
NSE:BANKNIFTY
by MISSION_TRADING
2
NIFTY FIN SERVICE FOR 06 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. Please Give A Like If You Like
NSE:CNXFINANCE
by MISSION_TRADING
NIFTY FOR 06 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. Please Give A Like If You Like
NSE:NIFTY
by MISSION_TRADING
Nifty Intraday Analysis for 05th September 2024NSE:NIFTY Index closed near 25200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25300 Strike – 107.82 Lakh 25500 Strike – 97.27 Lakh 25600 Strike – 77.78 Lakh Put Writing 25000 Strike – 101.49 Lakh 25100 Strike – 72.17 Lakh 24500 Strike – 69.73 Lakh Index has resistance near 25300 – 25350 range and if index crosses and sustain above 25350 level then may reach near 25450 - 25500 range. Index has immediate support near 25050 – 25000 range and if 25000 support is broken then index may tank near 24950 – 24900 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 05th September 2024NSE:BANKNIFTY Index closed near 51400 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 51500 Strike – 17.69 Lakh 52000 Strike – 11.24 Lakh 51400 Strike – 9.65 Lakh Put Writing 51500 Strike – 12.18 Lakh 51000 Strike – 10.64 Lakh 50500 Strike – 8.91 Lakh Index has resistance near 51650 – 51750 range and if index crosses and sustain above 51750 level then may reach near 52000 – 52200 range. Index has immediate support near 51150 – 51050 range and if this support is broken then index may tank near 50800 - 50700 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 05th September 2024NSE:CNXFINANCE Index closed near 23835 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 5.91 Lakh 23800 Strike – 5.07 Lakh 23900 Strike – 4.41 Lakh Put Writing 23700 Strike – 6.95 Lakh 23800 Strike – 5.95 Lakh 23400 Strike – 2.55 Lakh Index has resistance near 23950 - 24000 range and if index crosses and sustain above 24000 level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:CNXFINANCELong
by RKMAURYA