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Support and Resistance

Range bound breakout in Bharti HexaNSE:BHARTIHEXA A range-bound ATH breakout is about to happen in the daily time frame. There can be 2 possibilities for the breakout:- It will straightway go for the breakout with some retracement It can touch its previous support of 1300 & then bounce back to try for the next time. Buy only after a strong confirmation with a strong bullish candle with a smaller wick between the range 1560-1580 Tgt for at least 200 points within 3-5 months. Put a stop loss of recent swing or calculate the basis Risk: Reward Ratio.
NSE:BHARTIHEXALong
by Saket_Ojha
Nifty Intraday Analysis for 20th December 2024NSE:NIFTY Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 67.06 Lakh 24500 Strike – 67.03 Lakh 24300 Strike – 39.61 Lakh Put Writing 24000 Strike – 87.98 Lakh 24000 Strike – 66.15 Lakh 23600 Strike – 26.00 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23700 – 23650 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 20th December 2024NSE:BANKNIFTY Index closed near 51575 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52500 Strike – 21.05 Lakh 52000 Strike – 14.27 Lakh 51500 Strike – 11.46 Lakh Put Writing 51000 Strike – 14.56 Lakh 51500 Strike – 12.07 Lakh 52000 Strike – 11.25 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range. Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50400 - 50300 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 20th December 2024NSE:CNXFINANCE Index closed near 23905 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24500 Strike – 2.07 Lakh 24600 Strike – 1.88 Lakh 24000 Strike – 1.80 Lakh Put Writing 23500 Strike – 1.59 Lakh 24000 Strike – 1.48 Lakh 23800 Strike – 0.94 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23550 – 23500 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 20th December 2024NSE:NIFTY_MID_SELECT Index closed near 13025 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13200 Strike – 5.80 Lakh 13100 Strike – 3.53 Lakh 13300 Strike – 3.20 Lakh Put Writing 13000 Strike – 6.96 Lakh 12900 Strike – 3.60 Lakh 12800 Strike – 3.02 Lakh Index has immediate resistance near 13175 – 13225 range and if index crosses and sustains above this level then may reach 13350 – 13400 range. Index has immediate support near 12990 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Dec 23, 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 - Dec 23, 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
How to get profit by option chain in trading For long calls: If the underlying is above the strike price on expiration, the profit is the underlying price on expiry – strike price – premium paid per contract. If the underlying is at or below the strike price on expiration, the option has no value so your loss is the premium paid to buy the call option. Options trading can be one of the most lucrative ways to trade in the financial markets. Traders only have to put up a relatively small amount of money to take advantage of the power of options to magnify their gains, allowing them to multiply their money many times, often in weeks or months.
BSE:SENSEXEducation
by SkyTradingZone
2
What is Option Chain ?Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
OPTION TRADING When you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
NSE:NIFTYEducation
by SkyTradingZone
1
DATABASE TRADING Trading data providers supply real-time and historical information relating to stocks and securities traded on various global financial exchanges. Opah Labs. Based in USA. Delivering deep proprietary industry data across a broad range of sectors to create cutting-edge insights. Stock exchanges and data vendors are great sources for institutions. Retain traders can use broker APIs as it's more economical. As a trader, you must be quick and analytical, and good-quality data is the way to go
NSE:BANKNIFTYEducation
by SkyTradingZone
Nifty Short Strangle - Dec 19th ExpiryThis week’s Thursday ( Dec 19th, 2024 ) marks the weekly options expiry. Analyzing the chart, we observe an ascending channel and a descending trendline converging at significant levels for the expiry date. The ascending channel’s upper trendline intersects 25400 on Dec 19th. The descending trend-line intersects 24100 on the same date. If Nifty respects the above trend-lines, then on expiry day, Nifty will be trading between 24100 and 25400. Short Strangle with 24100 PE and 25400 CE could be used to trade this strategy. Risky S&R to watch: The ascending channel’s lower trend-line intersects 24450 on Dec 19th, but this represents a risky support level. And 25000 is a risky resistance level to watch. We suggest not to trade these two levels as they are too risky.
NSE:NIFTY
by Arun_Muthuvijayan
HDFCBANK Support & Resistance To determine the support and resistance levels for HDFC Bank (as of now, in December 2024), we would typically rely on technical analysis methods such as identifying recent swing highs and swing lows, using Fibonacci retracement levels, and observing moving averages and chart patterns. These levels change frequently, depending on market conditions, but I’ll provide a general guideline on how to calculate these levels and some typical support/resistance points that might be relevant. How to Find HDFC Bank's Support & Resistance Levels: Swing Highs and Lows: The most basic form of support and resistance is identifying the points on the price chart where HDFC Bank has recently bounced (support) or reversed down (resistance). Support: Price level where the stock finds buying interest and reverses from a downtrend. Resistance: Price level where the stock finds selling pressure and reverses from an uptrend. Fibonacci Retracement Levels: Fibonacci retracement is a powerful tool to predict possible support and resistance levels. Typically, the key levels are: 23.6% 38.2% 50% 61.8% These can be drawn by taking the most recent significant swing low and swing high (or vice versa) on the chart. Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day can serve as dynamic support or resistance levels. If the price is above the moving average, it often acts as support, and if the price is below, it often acts as resistance. Psychological Levels: Round numbers such as ₹1,500, ₹1,600, ₹2,000, etc., often act as strong psychological barriers. Volume: High-volume areas in the past can act as strong support/resistance zones.
NSE:HDFCBANKLong
by EmpireCrown
Bank Nifty index Support & Resistance Support Levels: Support levels are price points where the Bank Nifty index tends to find buying interest. These are levels where the index has historically reversed or slowed down its decline. Recent Swing Lows: Look for the recent lowest points on the chart where the price has bounced back. Fibonacci Retracement Levels: Fibonacci levels (23.6%, 38.2%, 50%, 61.8%) are often used to identify potential support zones. Moving Averages: Key moving averages like the 50-day, 100-day, or 200-day moving average can act as dynamic support levels. 2. Resistance Levels: Resistance levels are price points where selling pressure tends to emerge, preventing the price from rising further. Recent Swing Highs: Look for points where the index has faced difficulty breaking through or has reversed from the upside. Fibonacci Retracement Levels: Similarly, Fibonacci levels can also help identify potential resistance areas. Psychological Levels: Round numbers or large milestones in the Bank Nifty's price (like 40,000, 45,000, etc.) often act as resistance. Trendlines: A downward-sloping trendline can act as resistance, especially if it intersects with recent highs.
NSE:BANKNIFTYLong
by EmpireCrown
Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL Bharti Airtel Ltd view for Intraday 20th Dec #BHARTIARTL Resistance 1630 Watching above 1633 for upside movement... Support area 1600 Below 1615 ignoring upside momentum for intraday Support 1600 Watching below 1595 or downside movement... Resistance area 1630 Above 1615 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:BHARTIARTLLong
by EmpireCrown
Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Reliance Industries Ltd view for Intraday 20th Dec #RELIANCE Resistance 1270 Watching above 1273 for upside movement... Support area 1240 Below 1255 ignoring upside momentum for intraday Support 1240 Watching below 1238 or downside movement... Resistance area 1270 Above 1255 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:RELIANCELong
by EmpireCrown