Nifty Chart Analysis with Support and Resistance Nifty Supports Nifty Support 1 - 22530 Nifty Support 2 - 22230 Nifty Support 3 - 22180 Nifty Resistance Nifty Resistance 1 - 22680 Nifty Resistance 2 - 22780 Nifty Resistance 3 - 22880 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.91 ( Bullish) Max Pain As per...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 4.89 Lakh is at 10900 strike followed by 3.60 Lakh at 11000 Strike and Put writing of 5.91 Lakh at 10800 Strike followed by 3.20 Lakh at 10700 Strike. Index is closed above support level of 10800. As the more put writing is building up at 10800 and 10700 strike the support level is shifting up with big...
NSE:CNXFINANCE Maximum Call writing is at 21600 strike with 22.43 Lakh followed by 21.14 Lakh Call at 21800 Strike. Maximum Put writing is at 23.37 Lakh at 21400 strike followed by 23.11 Put writing at 21600 Strike. The support level is shifting above to 21600 - 21600 range. As the Maximum Call and Put writing is at 21600 strike and nothing change then index...
NSE:BANKNIFTY Highest Call writing of 23.44 lakh at 49000 strike followed by 23.42 Lakh at 48500. Highest Put writing of 37.36 lakh at 48000 strike followed by 24.11 Lakh at 48500 strike. If Index sustain above 48725 level then it may go near 49000 level. Trailing SL near 48450 level. If Index down to 48500 - 48450 and Building of Put position at 48500 strike...
NSE:NIFTY Highest Call writing of 99.62 Lakh at 23000 Strike followed by 49.51 Lakh at 22800 Strike. Maximum Put writing of 97.83 Lakh at 48500 Strike followed by 80.01 Lakh at 22600 Strike. Support level is shifting up near 22500 - 22600 level. If index crossed 22700 level unwinding of Call taking place at 22700 and 22800 level then index may touch 22800...
Nifty 50 Technical Analysis - 10th April 2024 ## Market Overview Nifty 50 is exhibiting a range-bound behavior with well-defined support and resistance levels, providing potential trading opportunities for traders. Monitoring key levels is essential for identifying potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** -...
Bank Nifty Technical Analysis - 10th April 2024 ## Market Overview Bank Nifty is exhibiting potential volatility, with clear support and resistance levels identified for potential trading opportunities. Traders should closely monitor key levels for potential breakout or reversal patterns. ### Support Levels **1. Support Levels:** - **48,600:** Identified as...
MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it. I'm expecting a profit booking in MCXBULLDEX from these level. I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL. I'm expecting minimum 1000 point fall from here & expecting 16400-16200...
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...
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...
NSE: BALAMINES is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 13% to 20% gain on...
SBICards has been underperforming since last few years. 700-730 has proven to be a strong demand zone for the stock historically and looks like history is getting repeated. 950-1000 is a strong supply zone. Once it is broken, we can see this stock fly to new highs. Currently, stock is a perfect example of buy low, sell high.
USDCHF SHOWING A GOOD FALL WITH TRIPPLE CONFIRMATION It's showing a good falling due to the following reasons 1. First of all it's faceing a resistance from the upper marked trend 2. Second the deep confidence comes from the secondary neckline breaking on 1 hour and 15 min chat 3. Third confirmation comes from in days chat it's completely bearish Like if...
- taking support at important level - real estate in uptrend hence sectoral tailwinds - high volumes
💎Paradisers, #PEPE has form a falling wedge pattern and shown signs of bullishness from the demand area. 💎If #PEPEUSDT breaks out above the resistant zone, it will form a W pattern, indicating potential targets till the next resistant levels. 💎In the event of a pullback, we can anticipate a bounce from the demand level, which is supporting the current bullish...
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 , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
As we can see NIFTY made another ATH back to back after breaking out of an inverted head and shoulder pattern, we also saw a new ATH for BANKNIFTY as analysed in our previous post. Now BANKNIFTY has formed more like an indecision cancel and NIFTY closed at important zone followed by a rising wedge pattern which is also a bearish pattern hence any break of the...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 26.07 Lakh is at 11000 strike followed by 15.90 Lakh at 10900 Strike and Put writing of 39.78 Lakh at 10700 Strike followed by 25.29 Lakh at 10800 Strike. Index is closed above support level of 10800. As the more put writing is building up at 10800 and 10700 strike the support level is shifting up with big...