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Support and Resistance

Banknifty Intraday Analysis for 23rd December 2024NSE:BANKNIFTY Index closed near 50760 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 21.56 Lakh 51500 Strike – 17.66 Lakh 51000 Strike – 11.89 Lakh Put Writing 50000 Strike – 15.07 Lakh 51000 Strike – 10.96 Lakh 50500 Strike – 9.68 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range. Index has immediate support near 50400 - 50300 range and if this support is broken then index may tank near 49600 - 49500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 23rd December 2024NSE:CNXFINANCE Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 2.25 Lakh 24500 Strike – 1.90 Lakh 24600 Strike – 1.87 Lakh Put Writing 23000 Strike – 2.20 Lakh 24000 Strike – 1.31 Lakh 23500 Strike – 1.23 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23150 – 23100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 23rd December 2024NSE:NIFTY_MID_SELECT Index closed near 12685 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 12.19 Lakh 12900 Strike – 4.87 Lakh 12800 Strike – 2.54 Lakh Put Writing 12500 Strike – 7.11 Lakh 12600 Strike – 4.52 Lakh 12700 Strike – 3.57 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
2
Technical Trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. There is virtually no limit to the profit potential of technical analysis. Profitability within the discipline largely depends on the trader's expertise, adherence to tried and tested strategies, and the amount of risk undertaken and capital employed by the trader.
NASDAQ:FVEducation
by SkyTradingZone
Technical AnalysisWhether you're scalping forex or investing in stocks, you can make use of technical analysis to find and plan trades. It can also provide an excellent method of determining your entry and exit points for a position. As we've seen in earlier courses, a market rarely moves in a straight line. average true range (ATR) Moving average convergence/divergence (MACD) Fibonacci retracements. Relative strength index (RSI) Pivot point. Stochastic. Parabolic SAR.
BSE:SENSEXEducation
by SkyTradingZone
Trading databaseTrading data is a sub-category of financial market data. It provides real-time information about stock and market prices as well as historical trends for assets such as equities, fixed-income products, currencies and derivatives. SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies. Parquet - Original first choice and most often the best choice for projects for all of the reasons discussed here. Best compression (roughly 3x smaller than HDF5 and 10x smaller than CSV), Best read time (when using multi cores) and best compatibility with different systems
NSE:NIFTYEducation
by SkyTradingZone
2
RSI divergence indicatorAn RSI divergence occurs when the indicator and price begin to reach different levels, indicating a change in momentum that precedes a change in price direction. For example, a bullish divergence occurs when the security makes a lower low but the indicator forms a higher low. What is the best RSI setting for divergence? What is the best RSI setting for divergence? The default RSI setting is a 14-period, which works well for most traders. However, shorter settings (like 7) increase signal sensitivity, while longer settings (like 21) reduce noise and offer more reliable signals, especially for long-term trading.
NSE:NIFTYEducation
by SkyTradingZone
2
Option chain in trading What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models. The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.
NSE:BANKNIFTYEducation
by SkyTradingZone
ADX: The Trend Strength IndicatorThe average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend. The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
NSE:BATAINDIALong
by SkyTradingZone
Indusind Bank Ltd view for Intraday 23rd Dec #INDUSINDBK Indusind Bank Ltd view for Intraday 23rd Dec #INDUSINDBK Resistance 940 Watching above 942 for upside movement... Support area 914-915 Below 930 ignoring upside momentum for intraday Support 914-915 Watching below 913 or downside movement... Resistance area 940 Above 925 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:INDUSINDBKLong
by EmpireCrown
MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH MTAR Technologies Ltd view for Intraday 23rd Dec #MTARTECH Resistance 1740 Watching above 1744 for upside movement... Support area 1700 Below 1720 ignoring upside momentum for intraday Support 1700 Watching below 1695 or downside movement... Resistance area 1740 Above 1720 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:MTARTECHLong
by EmpireCrown
General Insurance Corporation of India view for Intraday 23rd De General Insurance Corporation of India view for Intraday 23rd Dec #GICRE Resistance 508-510 Watching above 512 for upside movement... Support area 490 Below 505 ignoring upside momentum for intraday Support 490 Watching below 489 or downside movement... Resistance area 508-510 Above 505 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:GICRELong
by EmpireCrown
Brainbees Solutions Ltd view for Intraday 23rd Dec #FIRSTCRY Brainbees Solutions Ltd view for Intraday 23rd Dec #FIRSTCRY Resistance 645-650 Watching above 651 for upside movement... Support area 628-630 Below 640 ignoring upside momentum for intraday Support 628-630 Watching below 627 or downside movement... Resistance area 645-650 Above 635-640 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:FIRSTCRYLong
by EmpireCrown
Anant Raj Ltd- Broke out of consolidation.📊 Stock: Anant Raj Ltd. 📅 Timeframe: Daily Chart 🚀 Breakout Alert! Key Observations: Breakout Zone: The price has recently broken out of a consolidation range (highlighted in the green box). The breakout appears clean with a strong bullish candle, indicating upward momentum. Entry Point: The suggested entry level is marked at ₹874.90 (highlighted with a dashed purple line above the breakout zone). The stock currently trades near this level, suggesting the breakout is still actionable. Stop-Loss (SL): The stop-loss level is set at ₹693.25 (on a closing basis), below the consolidation range, providing a safety margin if the breakout fails. SL is Deep so position sizing is key. Trend Indicators: The 50-day moving average (green line) and the 200-day moving average (yellow line) are sloping upward, signalling a strong bullish trend. Price remains significantly above both these levels, affirming bullish dominance. Volume Analysis: A visible spike in volume during the breakout suggests strong participation from market participants, adding reliability to the upward move. Target Levels: Though not explicitly marked, potential target levels could be extrapolated using Fibonacci extensions or prior resistance levels. The upward purple dashed lines may indicate rough target zones. Analysis: Risk-Reward Ratio: Assuming a target at ₹950 or above, the risk-reward ratio appears favourable considering the SL is at ₹693.25. Bullish Sentiment: The clean breakout with high volume is a strong bullish signal. The consolidation before the breakout adds strength to the move, as it represents accumulation. Strategy Recommendation: Entry: Enter above ₹874.90 if today's close sustains above this level. Stop-Loss: ₹693.25 (strictly on a closing basis). Targets: Short-term: ₹950 Medium-term: ₹1,000 or more, depending on broader market conditions. Monitor volume closely! -A continuation of rising volume will add confidence to this breakout. -Price pulling back with huge volume is a cause for concern. And remember the market is bearish. So please position size and manage risk properly. Do not scale everything in one go. It is better to trade light. If you are new to the market it is better to sit in the sidelines and watch until we get a clarity.
NSE:ANANTRAJLong
by sagartharayil
4