Supply and Demand
Bank Nifty on Weekly Chart
Last week candle was not able to sustain above its supply zone @ 21150-21800. Even it failed to close in this supply zone.
On the downside, there is a demand zone @ 19500-19650 and weekly close is above this zone.
In any case, weekly close below 19500-19650 another 1500-2000 points downside range will open.
Bank Nifty: Intraday: Demand and Supply Zones19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone.
As I have mentioned yesterday Bank Nifty is trading in the wide sideways range.
Bank Nifty is compared to weak. I will wait for the trend confirmation then only I will prefer to trade in the Bank Nifty. Right now I may avoid trading.
a post on demand of a well wisher through message jsw steel y views is to trade on levels ( positional bias short on rise , but intraday and as per market trend
one can play swngs .
simple demonstration of how basic support resistance are helpful
through ed arrow (resistance) while blue arrow (support)
hope one will find it useful and take benefits ( dua me yaad rakhna) .
Bank Nifty: Demand and Supply zones on Daily ChartOn the daily chart next supply zone @ 20800-21500. If it manages to close in this zone or above this zone then the next supply zone @ 21750-22500 and the major supply zone @ 23900-24750.
NIFTY Demand and Supply Zones on the Daily ChartOn the daily chart minor supply zone @ 9320-9480 and strong supply zone @ 9680-9900, On the downside short term strong demand zone @ 8650-8850.
NIFTY: Intraday Supply and Demand Zones
On the downside there is a short term major demand zone @ 8650-8850 and the upper side resistance @ 9100 and supply zone @ 9350-9500.
According to the options data max OI in call @ 9500 and max OI chg % in call @ 9300 and max OI in put @ 8000 and max chg % in put @ 8900.
According to the options data max OI in call @ 9500 and max OI chg % in call @ 9300 and max OI in put @ 8000 and max chg % in put @ 8900.
Bank Nifty: Intraday Demand and Supply Zones-- In the last half an hour BNF managed to close above its major supply zone @ 18450-19000. Tomorrow if it manages to sustain above this zone then it may jump 600-900 points and may test its next supply zone @ 19600-19900.
-- Demand Zones: 18400-19000
-- Supply Zones: 19600-19900
NIFTY: Intraday Supply and Demand Zones-- 8400-8500 was a supply zone for Nifty and today it was managed to close above this zone. Next supply zone @ 8950-9050 and major supply zone @ 9300-9500. On the downside minor support @ 8650 and 8400-8500.
-- Demand Zones: 8650 / 8400-8500
-- Supply Zones: 8950-9050 / 9300-9500
DJI @ Major Supply ZoneDJI closed @ 22645.
On the upper side, there is a major demand zone @ 22600-23250. We may see higher levels if it will sustain above this major supply zone.
Is DJI started its downtrend journey?Is DJI started its downtrend journey? I think it's too early to say this because right now DJI is trading in the consolidation zone.
On the upside major resistance @ 22350-23350 and the downside major support @ 15800-16100. Between these two major resistance and support zone, there is also a consolidation zone @ 17000-22500.
I am not accepting V shape recovery in DJI. May be DJI will start it's the downtrend on higher time frem or it will be in a consolidation zone for a long time.
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Nifty: Intraday Supply and Demand Zones
Nifty closed below it’s demand zone @ 81120-8165. Once it sustains below this zone on Tuesday then it may test its next demand zone @ 7750-7050.
Carried short position in option because it will get the benefit of 3 days time decay.
Bank Nifty: Intraday Demand and Supply ZonesBank Nifty major demand zone @ 17500-17600. If it sustains below this zone it may test it’s next support @ 16650 and demand zone @ 15300-15600.
If it will manage to sustain above it’s demand zone then I may see OTM call and put.
Nifty: Intraday Demand and Supply ZoneNifty major demand zone @ 8120-8165 and supply zone @ 8450-8480. If Nifty will sustain below its demand zone then it may test it’s next support @ 7500 and may break the recent bottom.
If it will sustain above its demand zone then it may be sideways and I may sell OTM call and put options. Decreasing IV will also help to sink the option premium.
Bank Nifty: Intraday Supply and Demand ZoneBank Nifty closed below its major supply zone @ 19300-20000. This is also an important zone on the weekly and monthly charts. Now sustain below this zone Bank Nifty may test its next demand zone @ 17500-17800.
NIFTY: Intraday Demand and Supply ZonesYesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000.
The nifty small trading range will be 8000-8100 to 8520-8660 and the big trading range will be 8000-8100 to 8880-9000.
NIFTY: Intraday Supply and Demand ZonesAs I have mentioned yesterday post that if Nifty sustains below 8050 it may test 7650. Today it closed @ 7610.
Now two major demand zones on the long term chart are clearly seen at 7000-7250 and 6300-6500.
On the upper side, there are two supply zones @ 7850-8000 and 8250-8350. It will be a good selling opportunity if Nifty will test the upper zone of these zones or breakdown of the 7450 zones.
tgram a t swapniltradingroom
berger paint fundamentals and panic criss cross crude is down is fundamental positive
market panic is near term negative
Bank Nifty: Supply and Demand Zones22970-22330 is a demand zone. Once It will sustain below its upper zone level then it may test 22330 which is a lower level of this zone. On the upper side, 23440-23570 and 24250-24500 are supply zones.
