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Supply and Demand

Nifty Intraday Analysis for 13th November 2024NSE:NIFTY Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24600 Strike – 100.51 Lakh 24200 Strike – 80.60 Lakh 24300 Strike – 71.39 Lakh Put Writing 23500 Strike – 46.09 Lakh 24000 Strike – 32.54 Lakh 23800 Strike – 29.42 Lakh Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 13th November 2024NSE:BANKNIFTY Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52500 Strike – 48.96 Lakh 52000 Strike – 44.55 Lakh 51500 Strike – 26.29 Lakh Put Writing 50000 Strike – 29.19 Lakh 50500 Strike – 20.83 Lakh 51000 Strike – 18.99 Lakh Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 13th November 2024NSE:CNXFINANCE Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.65 Lakh 23600 Strike – 2.29 Lakh 23700 Strike – 1.93 Lakh Put Writing 23500 Strike – 2.19 Lakh 23700 Strike – 1.90 Lakh 23600 Strike – 1.83 Lakh Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23125 – 23050 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 13th November 2024NSE:NIFTY_MID_SELECT Index closed near 12300 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 12.05 Lakh 12600 Strike – 4.84 Lakh 12400 Strike – 4.27 Lakh Put Writing 12500 Strike – 8.90 Lakh 12200 Strike – 2.64 Lakh 12300 Strike – 2.45 Lakh Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12200 – 12140 range and if this support is broken then index may tank near 12000 – 11950 range.
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by RKMAURYA
Nifty levels - Nov 14, 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 14, 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
Nifty Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days. Key Levels to Watch: Support Levels: 24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact. A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall. Resistance Levels: 24,300 – 24,550: Recent highs that will act as key resistance. Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000. Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target. Head and Shoulders Pattern: This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000. If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.
Editors' picks
NSE:NIFTYShort
by rakeshreddym
7
MCX COTTON CANDY - TRADE IDEA ON LONG SIDESymbol - COTTONCNDY1! COTTONCNDY1! is currently trading at 55800 I'm seeing a trading opportunity on buy side. Buying COTTONCNDY1! Futures at CMP 55800 I will add more quantity at 55000, If comes. Holding with SL 54200 Targets I'm expecting are 57150 - 58200 & 59200 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:COTTONCNDY1!Long
by akshit_official
2
#BANKNIFTY - 13TH NOVEMBER!!NSE:BANKNIFTY #NIFTYBANK ⚡ Observe, understand, then implement 👍🏻 Chart contains support and resistance levels (understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. P.S note : im not SEBI REGISTRAR 🙏🏻 Any doubt 👉🏻 @thetradeforecast
NSE:BANKNIFTY
by thetradeforecast
1
BankNifty Intraday Support & Resistance Levels for 13.11.2024On Tuesday, BankNifty opened with a gap up, hitting a high of 52,169.05 before a sharp sell-off brought it down over 1,000 points to a low of 51,006.85, reaching the 30m demand zone highlighted in our last post. It closed at 51,157.80, down by 719 points. The Weekly and Daily Trends (50 SMA) both remain sideways. As BankNifty closed within the 30m demand zone, it has a chance to hold support around 50,900. If this level holds, a bounce to 51,650 or even 52,000 could be in play. However, if BankNifty falls below 50,900, it may slide further to the next major support at 49,959 or lower. Demand/Support Zones Near Support (30m): 50,900.10 - 51,230.85 (current price within the zone) Deeper Support (15m): 50,382.10 - 50,485.15 Major Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO) Extended Support (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Immediate Resistance (15m): 51,652.20 - 51,758.90 Higher Resistance (15m): 51,919.75 - 52,008.05 Key Resistance (30m): 52,232.35 - 52,396.50 Major Resistance (Daily): 52,817.80 - 53,235.25 Extended Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
2
Nifty Intraday Support & Resistance Levels for 13.11.2024On Tuesday, Nifty opened with a gap up, reaching a high of 24,242 but failed to hold gains, dropping 400 points from the peak to a low of 23,839.15, breaking below the 30m demand zone. It closed at 23,883.45, down by 258 points. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. As noted in previous posts, Nifty continues to be a "Sell on Rise" market until trends shift. Since reaching 24,537.60 last week, Nifty has declined steadily, losing 700 points over the past five trading days. Demand/Support Zones Near Support (Daily): 23,350 - 23,667.10 Deeper Support: 23,189.88 (61.8% FIBO) Major Support (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Resistance (75m): 24,106.90 - 24,242.00 Mid Resistance (75m): 24,447.65 - 24,537.60 Further Resistance (75m): 24,636.75 - 24,741.45 Key Resistance (Daily): 24,567.65 - 24,978.30 Extended Resistance (Daily): 25,739.20 - 25,907.60
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 12th November 2024NSE:NIFTY Index closed near 24140 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 72.55 Lakh 24300 Strike – 47.91 Lakh 24200 Strike – 45.80 Lakh Put Writing 24000 Strike – 39.91 Lakh 24200 Strike – 34.10 Lakh 24100 Strike – 27.49 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 12th November 2024NSE:BANKNIFTY Index closed near 51875 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 44.40 Lakh 52500 Strike – 28.51 Lakh 52000 Strike – 22.15 Lakh Put Writing 51000 Strike – 18.98 Lakh 51500 Strike – 18.28 Lakh 50500 Strike – 16.33 Lakh Index has resistance near 52350 – 52500 range and if index crosses and sustains above this level then may reach near 52900 – 53000 range. Index has immediate support near 51500 - 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 12th November 2024NSE:CNXFINANCE Index closed near 23960 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 25.44 Lakh 24200 Strike – 21.42 Lakh 24400 Strike – 16.30 Lakh Put Writing 23500 Strike – 22.74 Lakh 23400 Strike – 14.51 Lakh 23800 Strike – 14.97 Lakh Index has resistance near 24150 - 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23550 – 23500 range.
NSE:CNXFINANCELong
by RKMAURYA