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Support and Resistance

Nifty levels - Nov 05, 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 Support&Resistance Levels for Nov 4th MondayBanknifty Bias:- in range Banknifty made inside candle in both weekly time frame and daily timeframe.Levels to trade for Monday are immeadiate support is 51600 and immeadiate resistance is 51800 area. If Price sustains below 51600 area short for targets of 51450,51300,51200. if Price sustains above 51800 area long for targets of 51900,52050,52200,52350. Reversals area:- 51800 to short and 51600,51300 to long check price action on those levels to play reversals.
NSE:BANKNIFTY
by rakeshreddym
#XAUUSD/H4 Gold cools down, risks and opportunities.Market analysis for XAUUSD gold trading on November 4, 2024: At the end of last week's trading session, the gold price closed at 2735. This confirms the price adjustment trend of gold. It is likely that this adjustment will not be as deep as the previous one. Today's trading trend: SELL. Key price levels to pay attention to: SELL zone: 2750 - 2755, 2765 - 2770, and 2780 - 2785. BUY zone: 2725 - 2730, 2715 - 2720, and 2702 - 2707. Recommended orders: Plan 1: SELL XAUUSD zone 2755 - 2757 SL 2760 TP 2752 - 2745 - 2730 - 2720. Plan 2: SELL XAUUSD zone 2765 - 2767 SL 2770 TP 2762 - 2755 - 2740 - 2720. Plan 3: BUY XAUUSD zone 2717 - 2719 SL 2714 TP 2722 - 2730 - 2740 - 2750.
TVC:GOLD
by ifjugapt
BankNifty Intraday Support & Resistance Levels for 04.11.2024On Friday, BankNifty opened with a gap up, breaking through near 5m and 15m supply zones to reach a high of 51,825.50 before closing at 51,673.90, up by 198 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near Minor Demand/Support (5m): 51,158.65 - 51,233.50 Near Demand/Support (15m): 50,382.10 - 50,485.15 Far Demand/Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance (15m): 52,264.05 - 52,349.45 Near Supply/Resistance (Daily): 51,855.15 - 52,577.50 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 04.11.2024On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Supply/Resistance Zones Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
Downtrend Reversal in SANGHI ?Sanghi Industries Ltd has demonstrated resilience following a pronounced downtrend, successfully finding support at the key level of 73 . The stock is now positioned above a significant resistance range of 82-84 , indicating a potential shift in momentum. On Friday, a Dragonfly Doji candlestick pattern formed, which could suggest a reversal signal. Observing the price action on Monday, November 4th, if the stock closes in the green, this may present an opportune moment for investors to consider entering a long position, targeting the next resistance level at 112 . It is advisable to implement a stop-loss order below the most recent support level at 72 to manage risk effectively. Disclaimer: The insights provided in this analysis are intended for informational and educational purposes only and should not be interpreted as financial advice. Investors are encouraged to conduct their own research and / or consult with financial professionals prior to making any investment decisions.
NSE:SANGHIINDLong
by NiftyNotions
Positional or Longterm Opportunity on NHPCGo Long @ 84.65 for Targets of 91.6, 98.55, 105.5 and 112.45 with SL 77.7 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami (marked with orange color) is formed around the 0.382 Fibonacci level. 3. Also there is a strong support zone (marked with green color), from which the stock is taking support and moving up.
NSE:NHPCLong
by Nimish_Ghagare
2
Nifty Support&Resistance Levels for Monday Nov 4th Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below 24275 Short for targets of 24225,24200,24175,24150. Reversal Areas are 24385 to 24400 to short there with chart pattern and (24275 to 24300) and (24175-24200) to long there check price action on those levels to play reversals.
NSE:NIFTY
by rakeshreddym
Nifty Intraday Analysis for 01st November 2024NSE:NIFTY Index closed near 24205 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 38.91 Lakh 24500 Strike – 32.90 Lakh 24400 Strike – 26.96 Lakh Put Writing 24200 Strike – 30.41 Lakh 24000 Strike – 29.00 Lakh 24300 Strike – 24.94 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 24325 – 23375 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24150 – 24100 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA
2
Banknifty Intraday Analysis for 01st November 2024NSE:BANKNIFTY Index closed near 51475 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 20.46 Lakh 53000 Strike – 19.70 Lakh 52500 Strike – 18.93 Lakh Put Writing 51500 Strike – 11.10 Lakh 51000 Strike – 9.22 Lakh 52000 Strike – 7.62 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 51750 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range. Index has immediate support near 51300 - 51200 range and if this support is broken then index may tank near 51000 - 50900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 01st November 2024NSE:CNXFINANCE Index closed near 23880 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 12.21 Lakh 24200 Strike – 10.32 Lakh 24000 Strike – 9.56 Lakh Put Writing 23500 Strike – 6.47 Lakh 23600 Strike – 5.79 Lakh 23900 Strike – 5.49 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23600 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 01st November 2024NSE:NIFTY_MID_SELECT Index closed near 12350 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12500 Strike – 20.29 Lakh 12600 Strike – 16.34 Lakh 12400 Strike – 15.72 Lakh Put Writing 12300 Strike – 12.44 Lakh 12400 Strike – 9.60 Lakh 12200 Strike – 6.62 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has immediate resistance near 12400 - 12450 range and if index crosses and sustains above this level then may reach 12550 – 12600 range. Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12150 – 12100 range.
N
by RKMAURYA
BankNifty Muhurat Trading Support & Resistance for 01.11.2024✨ Happy Diwali and Auspicious Muhurat Trading! ✨ On Thursday, BankNifty opened flat to negative and, despite an initial high of 52,005.60, faced selling pressure in banking stocks, dropping nearly 700 points to a low of 51,318.10. It found some support at the 15m demand zone, closing at 51,475.35, down 332 points from the previous close. The Weekly Trend (50 SMA) remains sideways, as does the Daily Trend (50 SMA). Larger time frame demand and supply zones (75m, Daily, Weekly) remain unchanged. Small Time-Frame Demand/Support Zones Near Demand/Support (5m): 51,158.65 - 51,233.50 Near Demand/Support (15m): 50,382.10 - 50,485.15 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (5m): 51,638.05 - 51,688.85 Near Supply/Resistance (15m): 51,692.50 - 51,799.75 Near Supply/Resistance (15m): 52,264.05 - 52,349.45 Larger Time-Frame Demand/Support Zones Near Demand/Support (Daily): 49,654.65 - 49,959.25 Far Support: 49,282.65 (61.8% FIBO Level) Far Demand/Support (Daily): 44,633.85 - 45,750.40 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (Daily): 51,855.15 - 52,577.50 (tested) Far Supply/Resistance (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35 Wishing you a prosperous Muhurat trading session and a joyous Diwali! 🪔📈
NSE:BANKNIFTY
by PriteshPal
Nifty Muhurat Trading Support & Resistance Levels for 01.11.2024✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly) remain the same as previously noted. Small Time-Frame Demand/Support Zones Near Demand/Support (15m): 24,073.90 - 24,099.10 Small Time-Frame Supply/Resistance Zones Near Supply/Resistance (15m): 24,328.00 - 24,372.45 Near Supply/Resistance (5m): 24,463.10 - 24,498.20 Near Supply/Resistance (15m): 24,522.25 - 24,583.50 Larger Time-Frame Demand/Support Zones Near Demand/Support (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support (Daily): 23,350 - 23,667.10 Larger Time-Frame Supply/Resistance Zones Near Supply/Resistance (75m): 24,636.75 - 24,741.45 Near Supply/Resistance (Daily): 24,664.95 - 24,978.30 Wishing you all a profitable Muhurat session and a bright Diwali ahead! 🪔📈
NSE:NIFTY
by PriteshPal
#XAUUSDDeep adjustment rhythm, awaiting the upcoming opportunityMarket outlook for Gold trading during the European-American session on November 1, 2024: Yesterday saw a profit-taking adjustment that was anticipated. This adjustment will be quite strong, and we should wait for a good entry point to implement our upcoming hold strategy. Today's trading trend: SELL. Key price levels to pay attention to: SELL zone: 2760-2765 and 2770-2775. BUY zone: 2725-2730, 2710-2715, and 2680-2685. Recommended orders: Plan 1: SELL XAUUSD zone 2660 - 2662 SL 2665 TP 2657 - 2650 - 2640 - 2630 -open Plan 2: SELL XAUUSD zone 2773 - 2775 SL 2778 TP 2770 - 2760 - 2750 - 2740 - open. Plan 3: BUY XAUUSD zone 2711 - 2713 SL 2708 TP 2716 - 2720 - 2725 - 2730.
TVC:GOLD
by ifjugapt
CONCOR: Price Action for DiwaliFollowing a substantial downtrend in CONCOR has recently exhibited a bullish reversal pattern characterized by three consecutive green candlesticks ( Three Green Soldiers ) on the daily timeframe. This formation suggests a significant shift in stock movement, indicating that buyers have gained control and are exerting upward pressure on the stock. Such a pattern is typically interpreted as a strong signal that the preceding downtrend may be reversing into an uptrend. In conjunction with the daily analysis, the weekly chart reveals that CONCOR has retraced from the 38.2% Fibonacci level. Based on historical performance, this retracement level is often recognized as a key area of support and is frequently associated with strong potential reversal points. The confluence of the candlestick pattern and the Fibonacci retracement level strengthens the case for a bullish outlook on the stock. Considering the current market conditions and technical indicators, CONCOR appears to present a favourable opportunity for accumulation at the current market price . For those considering an entry point, a prudent stop-loss level has been identified at 711 , which allows for an optimal risk-reward scenario. The target price will be 1153 , reflecting a potential long term resistance. Disclaimer: The information contained in this report is intended solely for informational and educational purposes, and should not be interpreted as financial advice. It is imperative that investors conduct their own thorough research and consider their individual financial situations before making any investment decisions.
NSE:CONCORLong
by NiftyNotions
1