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Supply and Demand

BANKNIFTY still in consolidation phase, yet to decide.As we can see BANKNIFTY can still be seen in phase of consolidation after showing signs of REVERSAL but had been bearish as analysed in our previous post. further we can see an important demand zone and psychological level around 50000 hence we may see BANKNIFTY grading slowly towards 50000 levels before finally taking support for new change of trend so plan your Trades accordingly as market can remain bearish to sluggish in coming trading sessions.
NSE:BANKNIFTY
by Wealthcam
Banknifty Intraday Analysis for 11th November 2024NSE:BANKNIFTY Index closed near 51560 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 35.35 Lakh 53000 Strike – 28.87 Lakh 52000 Strike – 21.98 Lakh Put Writing 51000 Strike – 16.46 Lakh 50800 Strike – 12.23 Lakh 51500 Strike – 11.65 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52700 – 52900 range. Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50600 range.
NSE:BANKNIFTYLong
by RKMAURYA
Nifty Intraday Support & Resistance Levels for 11.11.2024On Friday, Nifty opened nearly flat, dipping to a low of 24,066.65 and climbing to a high of 24,276.15, before closing at 24,148.20—a loss of 51 points from the previous close. With the Weekly Trend (50 SMA) remaining sideways and the Daily Trend (50 SMA) still negative, it continues to be a “Sell on Rise” market unless there’s a trend shift to positive. Key demand and supply levels stay consistent with previous posts. Demand/Support Zones Near Support (30m): 23,842.75 - 23,951.10 Key Support (Daily): 23,350 - 23,667.10 Deep Support: 23,189.88 (61.8% FIBO) Extended Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (30m): 24,447.65 - 24,537.60 Key Resistance (75m): 24,636.75 - 24,741.45 Major Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
BankNifty Intraday Support & Resistance Levels for 11.11.2024On Friday, BankNifty opened slightly negative, reaching a high of 52,007.15 and dipping to a low of 51,494 before closing at 51,561.20, down 355 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Key demand and supply zones are unchanged from the last update. Demand/Support Zones Near Support (30m): 50,900.10 - 51,230.85 Minor Support (15m): 50,382.10 - 50,485.15 Major Support (Daily): 49,654.65 - 49,959.25 Deep Support: 49,282.65 (61.8% FIBO) Extended Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 52,232.35 - 52,396.50 Key Resistance (Daily): 52,817.80 - 53,235.25 Extended Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Analysis for 11th November 2024NSE:NIFTY Index closed near 24150 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24200 Strike – 32.04 Lakh 24000 Strike – 29.78 Lakh 23800 Strike – 24.07 Lakh Put Writing 24500 Strike – 60.80 Lakh 24200 Strike – 43.99 Lakh 24400 Strike – 35.00 Lakh Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 11th November 2024NSE:CNXFINANCE Index closed near 23835 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24200 Strike – 11.80 Lakh 24500 Strike – 9.70 Lakh 24000 Strike – 8.51 Lakh Put Writing 23150 Strike – 6.54 Lakh 23500 Strike – 5.69 Lakh 20000 Strike – 5.18 Lakh Index has resistance near 24000 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23650 – 23600 range and if this support is broken then index may tank near 23450 – 23400 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 11th November 2024NSE:NIFTY_MID_SELECT Index closed near 12520 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12600 Strike – 17.13 Lakh 12700 Strike – 14.20 Lakh 12500 Strike – 12.77 Lakh Put Writing 12200 Strike – 14.01 Lakh 12500 Strike – 12.03 Lakh 12300 Strike – 11.95 Lakh Index has immediate resistance near 12650 - 12700 range and if index crosses and sustains above this level then may reach 12850 – 12900 range. Index has immediate support near 12400 – 12350 range and if this support is broken then index may tank near 12200 – 12150 range.
NLong
by RKMAURYA
#BANKNIFTY - 11 NOVEMBER !!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Strategy name : Higher Highs and Higher Lows This strategy is commonly used in trending markets to identify potential buy opportunities during an uptrend. Key Components of the Strategy: 1. Higher Highs and Higher Lows: In an uptrend, price action creates successive peaks (higher highs) and troughs (higher lows). These are signals of bullish momentum, where buyers are consistently pushing prices higher. 2. Trend Channel: The image shows a channel formed by connecting the higher lows with a trendline (lower boundary) and higher highs with another trendline (upper boundary). This channel helps traders identify the price range within which the trend is moving. 3. Entry Points: - The strategy suggests buying near the trendline at each higher low, which represents a potential support area within the trend. In the image, these points are marked as "BUY" or "ENTRY." - Buying near these higher lows increases the chance of entering trades at favorable prices during pullbacks in the uptrend. 4. Profit Targets: - Profit targets are set near the upper trendline or at subsequent higher highs. In the image, these points are marked as "PROFITS" with checkmarks. - This method helps traders secure profits as the price reaches the higher end of the channel. Managing the Trade: - After the first entry and a successful profit, traders can re-enter the market on the next pullback to a higher low. - Stop losses are typically placed below the previous higher low to manage risk in case the trend reverses. Summary: This strategy aims to capture gains in a trending market by entering trades at higher lows and exiting near higher highs within a channel. It works well in a stable, consistent uptrend but requires careful monitoring of trend changes to avoid potential losses if the trend breaks down. Ps note : I'm not SEBI Registere 🙏🏻 Any queries @thetradeforecast 🇮🇳
NSE:BANKNIFTYLong
by thetradeforecast
1
Expectations from Asian Paints post Q2 FY 25Consolidated revenue stands at 8201 crores -5.12 % YOY and -10.13% QOQ Consolidated earning at 693 crores -43 % YOY, -41% QOQ Standalone revenue stands at 7050 crores -6 % YOY and -13% QOQ Standalne earning 602 crores -48 % YOY, -49% QOQ Personal View:: Not thinking of 48% decrease in share price to 1441 from 2772 (the traded price post Q1 FY 25, on 15 july 24). The stock is bearish since sept 16 2024. Expecting 2440-2525 to hold if coming week bearish momentum continue. If open gap down below 2673 , -3.5% from last traded price ,possibility of downside move to 2525-2400 in the coming week
NSE:ASIANPAINT
by Apu_3007
Nifty Intraday Analysis for 08th November 2024NSE:NIFTY Index closed near 24200 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 53.54 Lakh 24200 Strike – 30.15 Lakh 24400 Strike – 24.48 Lakh Put Writing 24200 Strike – 27.03 Lakh 23500 Strike – 24.51 Lakh 24000 Strike – 23.55 Lakh Index has resistance near 24350 – 24400 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 24100 – 24000 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 08th November 2024NSE:BANKNIFTY Index closed near 51915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 21.11 Lakh 52500 Strike – 18.74 Lakh 52000 Strike – 14.27 Lakh Put Writing 52000 Strike – 14.86 Lakh 51500 Strike – 8.93 Lakh 51000 Strike – 8.28 Lakh Index has resistance near 52400 – 52500 range and if index crosses and sustains above this level then may reach near 53000 – 53200 range. Index has immediate support near 51600 - 51500 range and if this support is broken then index may tank near 51000 - 50800 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 08th November 2024NSE:CNXFINANCE Index closed near 23965 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 7.07 Lakh 24200 Strike – 6.51 Lakh 24300 Strike – 4.36 Lakh Put Writing 23900 Strike – 4.28 Lakh 23500 Strike – 3.85 Lakh 24000 Strike –3.35 Lakh Index has resistance near 24250 - 22300 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23600 – 23500 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 08th November 2024NSE:NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 12.36 Lakh 12600 Strike – 11.73 Lakh 12700 Strike – 10.01 Lakh Put Writing 12600 Strike – 10.42 Lakh 12500 Strike – 8.40 Lakh 12300 Strike – 8.38 Lakh Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 12950 range. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12250 – 12200 range.
NLong
by RKMAURYA
Nifty levels - Nov 11, 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
BankNifty levels - Nov 11, 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