Supply and Demand
AAVASprice is traded at support area so it s possible chance that price will move upper side
Stop loss will below last swing low which is marked in green area
target as marked in zone.
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7 years breakout candidate KIRI INDUSTRIESKIRI is a preferred resource centre for many of the most extensive product lines in textile dyes.
Sophisticated quality control practices and procedures, modern manufacturing facilities and erp driven enterprise management has enabled KIRI to offer Internationally recognized quality products and services.
KIRI is an accredited and certified Key Business Partner with world’s top Dyestuff majors across Asia-Pacific, the EU and Americas.
A closing above 675 will confirm breakout. This breakout will be on Yearly + Monthly + Weekly + Daily + Hourly timeframe, all at once
17 years breakout candidate PRIME SECURITIESPrime Securities Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 1,156.56 Crore) operating in Financial Services sector.
Prime Securities Ltd. key Products/Revenue Segments include Income From Merchant Banking
A closing above 243 will confirm the breakout. This breakout will be on Yearly + Monthly + Weekly + Daily + Hourly timeframe, all at once
BDL - potential 45% upsideDaily Chart (Left side)
Price bounce off from previous strong demand zone
Price breaking out of previous swing high
75 min chart (Right side)
Previous up-trend with high volumes
Price consolidation and Volume Contraction
Price breakout of consolidation with good volume spike
Trade Execution
Buy if price crosses about last candle high 1275
Target All Time High 1700-1800
Stop loss 1193 on daily closing basis
Trailing Stop Loss SAM/EMA 20 daily or SuperTrend 10,3
Nifty Intraday Analysis for 13th December 2024NSE:NIFTY
Index closed near 24550 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 48.18 Lakh 24600 Strike – 37.20 Lakh
24700 Strike – 29.81 Lakh
Put Writing
24000 Strike – 30.22 Lakh
24600 Strike – 29.33 Lakh
24500 Strike – 29.25 Lakh
Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Banknifty Intraday Analysis for 13th December 2024NSE:BANKNIFTY
Index closed near 53215 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 25.18 Lakh
53500 Strike – 20.07 Lakh
54500 Strike – 18.04 Lakh
Put Writing
52500 Strike – 17.74 Lakh
53500 Strike – 16.99 Lakh
53000 Strike – 14.36 Lakh
Index has resistance near 53750 – 53900 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
Finnifty Intraday Analysis for 13th December 2024NSE:CNXFINANCE
Index closed near 24725 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 2.56 Lakh
24800 Strike – 1.55 Lakh
24700 Strike – 1.31 Lakh
Put Writing
24800 Strike – 1.34 Lakh
24700 Strike – 1.13 Lakh
24500 Strike – 0.81 Lakh
Index has resistance near 24850 - 24900 range and if index crosses and sustains above this level then may reach near 25050 - 25100 range.
Index has immediate support near 24600 – 24550 range and if this support is broken then index may tank near 24450 – 24400 range.
Midnifty Intraday Analysis for 13th December 2024NSE:NIFTY_MID_SELECT
Index closed near 13070 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13000 Strike – 6.62 Lakh
13200 Strike – 2.90 Lakh
13300 Strike – 2.60 Lakh
Put Writing
13000 Strike – 6.95 Lakh
12900 Strike – 2.34 Lakh
13100 Strike – 2.19 Lakh
Index has immediate resistance near 13200 – 13225 range and if index crosses and sustains above this level then may reach 13400 – 13450 range.
Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
BankNifty levels - Dec 16, 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.
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Nifty levels - Dec 16, 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!
Infosys – Bull Run with a Breakout in SightTopic Statement: Infosys has been on a strong bull run since July, driven by robust quarterly results.
Key Points:
1. The stock is approaching a major resistance level at 2000, with a potential breakout on the horizon.
2. Ideal buying opportunities exist in the accumulation zone near the 180-day moving average.
Nifty Support&Resistance for 12th Dec Thursday Expiry Nifty been trading in very tight range this week until breakout or breakdown happens expecting this week to close in range.
Key levels to watch for :
24750 and 24550
Resistance :-
Above 24750 if sustains long for the targets of 24820,24850,24900 and 25k area and watch for any reversal pattern at same 24750 area to short.
Support:-
Below 24550 area if sustains below short for the targets of 24500,24425,24350. And same look for rejection at 24550 area here if happens long probability also there.
Educational purpose do your own research before taking entries.
Market Analysis: Nifty 50 Price ActionThe NSE:NIFTY is currently exhibiting a tug-of-war between key levels, retracing from a previous selloff zone that acted as resistance. Notably, it found support at a previous supply turned demand zone. These zones have defined the market's boundaries in today's session, with price movements constrained within them.
For the past three sessions, the index has shown signs of consolidation, reflecting indecision among market participants. A breakout above the resistance zone could signal a continuation of the uptrend in NSE:NIFTY , while a breakdown below the demand zone may suggest a reversal or further bearish sentiment.
Key Scenarios for Tomorrow:
Breakout Scenario: A sustained move above the selloff zone could trigger bullish momentum, attracting fresh buying interest and potentially setting higher targets.
Breakdown Scenario: If the demand zone is broken, it may open doors for further downside, with the next support levels coming into focus.
Continued Consolidation: The market may remain range-bound as it digests prior moves, awaiting clearer cues from global or domestic events.
Disclaimer
This analysis is for educational and informational purposes only and should not be considered as financial advice. Market conditions are subject to change, and you should consult with a certified financial advisor or conduct your research before making investment decisions. Past performance is not indicative of future results. Trade responsibly.
Nifty Intraday Analysis for 12th December 2024NSE:NIFTY
Index closed near 24640 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24700 Strike – 146.50 Lakh 25000 Strike – 145.21 Lakh
24600 Strike – 102.78 Lakh
Put Writing
24000 Strike – 110.82 Lakh
24500 Strike – 109.43 Lakh
24600 Strike – 99.69 Lakh
Index has resistance near 24700 – 24750 range and if index crosses and sustains above this level then may reach near 24900 - 24950 range.
Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24300 – 24250 range.
Banknifty Intraday Analysis for 12th December 2024NSE:BANKNIFTY
Index closed near 53390 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 24.48 Lakh
53500 Strike – 17.31 Lakh
54500 Strike – 15.87 Lakh
Put Writing
52500 Strike – 17.66 Lakh
53500 Strike – 17.53 Lakh
53000 Strike – 13.71 Lakh
Index has resistance near 53800 – 54000 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.