BankNifty gained 4.5% yesterday and closed inside the 15-minute resistance zone mentioned in the last post. If it breaks above 49,700, we might see selling pressure at the daily resistance zone starting at 50,092. Support Levels: Near Support Zone (30m) for Intraday: 47,386 - 48,000 Near Support Zone (15m) for Intraday: 46,511 - 46,833 Near Support Zone (Daily):...
CNXPHARMA (NIFTY PHARMA) | Super ready for another 30% rally
Nifty gained more than 3% yesterday and closed near the 15-minute resistance zone mentioned in the last post. If it breaks above 22,900, we might see selling pressure at the daily resistance zone starting at 23,062. Support Levels: Intraday Support Zone (15m): 21,944 - 22,076 Near Support (Daily): 21,137 - 21,459 (remains the same) Far Support (Daily): 20,769 -...
NSE:NIFTY Maximum Call writing near CMP is at 23000 strike with 96.06 Lakh followed by 45.30 Lakh at 22500 Strike and 43.17 Lakh at 22000 strike and Put writing of 73.95 Lakh at 21000 Strike followed by 35.39 Lakh at 22000 Strike and 34.93 Lakh at 21500 strike. Index is closed near 21885 level. Index has immediate support near 21525 - 21500 range and if this...
NSE:BANKNIFTY Index has immediate support near 46000 level and if this support is broken then index may tank near 45600 level. Index has resistance near 48250 - 48560 level and if index crosses and sustain above 48600 level then may reach near 49600 level.
NSE:CNXFINANCE Index has immediate support near 20450 - 20350 range and if this support is broken then index may tank near 20200 level. Index has resistance near 21260 level and if index crosses and sustain above 21260 level then may reach near 21550 level.
NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 11000 strike with 4.52 Lakh followed by 4.11 Lakh at 11500 Strike and 2.48 Lakh at 12000 strike and Put writing of 4.98 Lakh at 11000 Strike followed by 2.47 Lakh at 11500 Strike and 1.43 Lakh at 11400 strike. Index is closed near 10840 level. Index has immediate support near 10500 – 10450 range and if...
HERITGFOOD | 25% so far, can add some more here and looks good for new position also CMP : 295 (Dip : 280) SL : 240 Target : 420
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...
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...
Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last two months, breaking the support trendline and taking support at the daily demand zone of 45,661 - 46,330 (which was already tested once in the past). Support Levels: Near Minor Support...
Huge selling was witnessed yesterday due to election results that did not align with exit polls. A big red candle on the daily chart broke almost all near supports of the last four months, breaking the channel and taking support at the daily demand zone of 21,137 - 21,459. Support Levels: Near Small Support (Daily): 21,137 - 21,459 Far Support (Daily): 20,769 -...
As we can see NIFTY trapped everyone as analysed in our last analaysis. Now the index has gotten weak despite the win of NDA but if NIFTY manages to open inside the structure then we may see some bullishness else it could be more like sideways market today so plan your trades accordingly guys
Bitcoin Market Analysis: A Glimpse into the Week Ahead Bitcoin's Ascending Path: EMA Strategy Insights As we step into a new trading week, Bitcoin is making headlines once again, hovering at a significant resistance level. Traders and analysts are keenly observing this price action, given its historical context of selling pressure at this zone. However, this...
NSE:NIFTY Highest Call writing near CMP is at 24000 Strike of 100.01 Lakh followed by 72.34 Lakh at 23500 Strike and 45.67 Lakh at 23000 strike. Maximum Put writing of 42.36 Lakh at 22500 Strike followed by 42.50 Lakh at 22000 strike 42.50 Lakh at 23000 Strike. Index closed near 23265 level. Volatility will be high due to General Election result on 4th...
NSE:BANKNIFTY Highest Call writing near CMP is at 52000 strike of 20.09 Lakh followed by 19.21 Lakh at 51000 strike and 13.62 Lakh at 51500 strike. Highest Put writing of 14.13 Lakh at 49000 strike followed by 14.00 Lakh at 50000 strike and 8.72 Lakh at 50500 strike. Index closed near 50980 level. Volatility will be high due to General Election result on 4th...
NSE:CNXFINANCE Maximum Call writing near CMP is at 23000 strike with 19.92 Lakh followed by 10.02 Lakh Call at 22500 Strike and 7.51 Lakh at 22600 strike. Maximum Put writing is at 9.81 Lakh at 22000 strike followed by 8.23 Lakh Put writing at 22500 strike and 4.73 Lakh at 22400 strike. Index closed near 22595 level. Volatility will be high due to General...
NSE:NIFTY_MID_SELECT Maximum Call writing near CMP is at 13000 strike with 2.65 Lakh followed by 2.40 Lakh at 11700 Strike and 2.10L Lakh at 12000 strike and Put writing of 2.79 Lakh at 11700 Strike followed by 1.85 Lakh at 11000 Strike and 1.12 Lakh at 11200 strike. Index is closed near 11725 level. Volatility will be high due to General Election result on 4th...