Going good till now , T1 hit , and there is no sign of bearishness, Let it clear the order block , i am not exiting positions over here I’ll decide after the behaviour of the market at the order block
Don't this buying opportunity in NIFTY at this zone, add strict stop loss and target will be day high
Look for buying opportunity in this zone for day high as target
This chart is extremely interesting to study Look at the pattern During first contraction, there was a huge supply which took the price to abyss levels of 17 from levels of 280. The contraction measured 91% as per the scale Second contraction supply got limited to only 50% retracement & in the third it was only 28% This shows diminishing supply pattern....
As I had mentioned in my NiftyIT analysis, Sonata software is showing good reversal signs. Today, stock gave a breakout of trendline after bouncing from support. It is going to fill gap till 630 tomorrow which can be a good trade any intraday traders. Swing traders shouldn't miss opportunity of adding this multibagger stock in watchlist. Good stock for long term...
BNF looks bullish today only if there is a reversal from discounted area(51500). With 1:3 RR am interested for buying at 51500 area in LTF reversal. Do your own analysis before you trade.
BankNifty has been on a rising wedge channel on a weekly chart since Jan 22. It has now reached the upper band touching 51934 and should now revert back towards the lower band It can be shorted by buying Puts
MapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price. If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart. A very good investment stock as well since the company provides API solutions as a...
BankNifty reacted exactly from the 5m supply zone mentioned in yesterday's post. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 (remains the same) Far Small Support/Demand Zone (15m): 50,597 - 50,765 (remains the same) As the daily trend is still sideways, taking...
Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand...
As we can see NIFTY had been following the structure since last week now and has been more like sideways ever since. Finally after a series of channelised consolidation, we can expect a break anytime sooner in NIFTY with directional move so we can make any new position on either side break so plan your trades accordingly.
XAG/XAU the key value is 13.06 that was just kissed today. But once this level is crossed, there is only air until the next level that is way up 20% higher If XAU crosses 2500, that is around 7% higher and XAG/XAU does a 20% premium on that, expect XAG to reach 40. 1.2*1.07*31=39.8
NSE:NIFTY Maximum Call writing near CMP is at 24000 strike with 108.35 Lakh followed by 58.21 Lakh at 23800 Strike and 56.88 Lakh at 23600 strike and Put writing of 100.85 Lakh at 23000 Strike followed by 56.70 Lakh at 23500 Strike and 53.20 Lakh at 23400 strike. Index is closed near 23615 level. Index has resistance near 23600 - 23650 range and if index...
NSE:BANKNIFTY Maximum Call writing near CMP is at 52000 strike with 15.90 Lakh followed by 13.75 Lakh at 51000 Strike and 12.75 Lakh at 51500 strike and Put writing of 21.11 Lakh at 51000 Strike followed by 18.90 Lakh at 50000 Strike and 12.80 Lakh at 50500 strike. Index is closed near 51400 level. Index has resistance near 51900 - 52000 range and if index...
NSE:CNXFINANCE Maximum Call writing near CMP is at 23000 strike with 5.06 Lakh followed by 3.08 Lakh at 23500 Strike and 2.52 Lakh at 23300 strike and Put writing of 6.12 Lakh at 22500 Strike followed by 4.33 Lakh at 23000 Strike and 4.30 Lakh at 22700 strike. Index is closed near 22945 level. Index has resistance near 23200 – 23300 range and if index crosses...
NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 12100 strike with 10.24 Lakh followed by 8.62 Lakh at 12000 Strike and 6.11 Lakh at 12200 strike and Put writing of 11.84 Lakh at 12000 Strike followed by 5.75 Lakh at 11800 Strike and 5.39 Lakh at 12100 strike. Index is closed near 12000 level. Index has resistance near 12150 - 12200 level and if index...
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...