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Support and Resistance

Banknifty Intraday Analysis for 30th October 2024NSE:BANKNIFTY Index closed near 52320 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 33.05 Lakh 53500 Strike – 30.93 Lakh 52500 Strike – 26.55 Lakh Put Writing 51000 Strike – 36.31 Lakh 51500 Strike – 30.54 Lakh 51800 Strike – 25.52 Lakh Index has resistance near 52650 – 52700 range and if index crosses and sustains above this level then may reach near 53200 – 53300 range. Index has immediate support near 51900 - 51800 range and if this support is broken then index may tank near 51300 - 51200 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 30th October 2024NSE:CNXFINANCE Index closed near 24360 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 3.81 Lakh 24300 Strike – 1.78 Lakh 24400 Strike – 1.58 Lakh Put Writing 24000 Strike – 2.16 Lakh 24300 Strike – 1.72 Lakh 23350 Strike – 1.07 Lakh Index has resistance near 24450 - 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range. Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23850 – 23800 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 30th October 2024NSE:NIFTY_MID_SELECT Index closed near 12525 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12400 Strike – 7.89 Lakh 12500 Strike – 7.71 Lakh 12600 Strike – 2.75 Lakh Put Writing 12400 Strike – 9.25 Lakh 12300 Strike – 5.78 Lakh 12500 Strike – 5.42 Lakh Index has immediate resistance near 12600 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range. Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12200 – 12100 range.
NLong
by RKMAURYA
Nifty levels - Oct 31, 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 - Oct 31, 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
#XAUUSD Caution before ATH, where will the profit-taking occur?Market analysis for XAUUSD trading session in Europe - America on October 30, 2024: The trading session yesterday and the Asian session today have continuously created all-time highs, with gold prices rising sharply towards the 2800 area. In the current trend, we can easily fall into a state of FOMO, making it difficult to find entry points for trades. Our current priority is to limit trading and prepare for an upcoming profit-taking phase. Today's trading trend: BUY scalp. Key price levels to pay attention to: 🔴BUY zone: 2763 - 2768, 2750 - 2755, 2735 - 2740, and 2715 - 2720. 🔴SELL zone: 2793 - 2798 and 2809 - 2814. Recommended trades: Plan 1: BUY XAUUSD zone 2764 - 2766 SL 2761 TP 2769 - 2775 - 2780 - 2785. Plan 2: BUY XAUUSD zone 2752 - 2754 SL 2749 TP 2757 - 2762 - 2770 - 2785 Plan 3: SELL XAUUSD zone 2793 - 2795 SL 2798 TP 2790 - 2780 - 2760 - 2750 - open.
TVC:GOLD
by ifjugapt
Stock Update: HALHAL is showing promising signs, reversing from the 200 EMA, which has historically acted as a strong support level. Additionally, the 4050 zone provides a solid foundation, reinforcing this level as a potential launching pad for a bullish reversal. Key Points to Note: 1) 200 EMA Reversal: Often viewed as a strong technical indicator for possible trend changes. 2) Support at 4050: Providing a cushion for potential upside movement. 3) This setup could be interesting to watch for anyone tracking HAL's performance. 📊 What are your thoughts on this setup?
NSE:HALLong
by TechnoTrader10
Breakout in BANKNIFTY! - 30th October 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. Not a SEBI Registere
NSE:BANKNIFTY
by thetradeforecast
1
BankNifty Intraday Support & Resistance Levels for 30.10.2024On Tuesday, BankNifty opened with a gap up and rallied to a high of 52,354.85, breaking the tested 75m Supply Zone and entering the Daily Supply Zone. It closed strong at 52,320.70, gaining a remarkable 1,061 points over the previous close. Weekly Trend (50 SMA) remains sideways, as does the Daily Trend. Demand/Support Zones: Near Demand/Support Zone (15m): 51,796.15 - 51,969.50 Near Demand/Support Zone (15m): 51,376.60 - 51,517.85 Near Demand/Support Zone (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 Zone (Daily): 51,855.15 - 52,577.50 (currently in this zone) Far Supply/Resistance Zone (Daily): 52,817.80 - 53,235.25 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 30.10.2024On Tuesday, Nifty opened flat, dipping to a low of 24,140.85 before rallying over 340 points to a high of 24,484.50. It closed strong at 24,466.85, gaining 127 points over the previous close. Weekly Trend (50 SMA) is sideways, while the Daily Trend remains negative. Key demand and supply zones are unchanged. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 (tested) Far Demand/Support Zone (Daily): 23,350 - 23,667.10 Supply/Resistance Zones: Near Supply/Resistance Zone (75m): 24,636.75 - 24,741.45 Near Supply/Resistance Zone (Daily): 24,664.95 - 24,978.30
NSE:NIFTY
by PriteshPal
Nifty Intraday Analysis for 29th October 2024NSE:NIFTY Index closed near 24340 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 108.39 Lakh 24500 Strike – 84.41 Lakh 24800 Strike – 58.34 Lakh Put Writing 24000 Strike – 74.50 Lakh 24500 Strike – 51.67 Lakh 24400 Strike – 43.44 Lakh Index has resistance near 24500 – 23600 range and if index crosses and sustains above this level then may reach near 24750 - 24850 range. Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23900 – 23850 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 29th October 2024NSE:BANKNIFTY Index closed near 51260 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 33.13 Lakh 52500 Strike – 24.91 Lakh 51500 Strike – 22.77 Lakh Put Writing 50000 Strike – 25.37 Lakh 50500 Strike – 21.35 Lakh 51000 Strike – 18.09 Lakh Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52200 – 52300 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 29th October 2024NSE:CNXFINANCE Index closed near 23860 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 20.87 Lakh 24100 Strike – 20.73 Lakh 24000 Strike – 20.66 Lakh Put Writing 23500 Strike – 14.98 Lakh 23400 Strike – 14.90 Lakh 23700 Strike – 13.36 Lakh Index has resistance near 24000 - 24150 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range. Index has immediate support near 23700 – 23600 range and if this support is broken then index may tank near 23450 – 23350 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 29th October 2024NSE:NIFTY_MID_SELECT Index closed near 12405 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12400 Strike – 5.70 Lakh 12500 Strike – 3.67 Lakh 12600 Strike – 1.91 Lakh Put Writing 12400 Strike – 6.43 Lakh 12500 Strike – 2.09 Lakh 12300 Strike – 1.65 Lakh Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12900 range. Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12050 – 12000 range.
NLong
by RKMAURYA
BankNifty levels - Oct 30, 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 levels - Oct 30, 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
Aether Ind forming H&S on weekly charts.A perfect Head and shoulder pattern formation in Aether Ind. Aether Industries is engaged in the production of intermediates and specialty chemicals. Products for Pharmaceutical, agro chemical, material sciences, coating, photography, additive and, oil and gas, segments of chemical industry. MCap = 10491 Cr P/E Ratio = 103 The company has grown in sale by 30% since September 2021 while the expenses has gone up by 40% from 101 Cr to 142 Cr. Opertaing profits are down by 1% (Sept 2021) to 28% Technically the stock might take a dip to its listing price of 703. The overall market is too looking bearish for now as nifty has created another LOWER LOW. Aehter can be shorted below 766 levels upto the listing price for a short term bearish move. Pattern formation looks bearish and RSI indicator is showing a divergence. Though, the indicators are lagging but adds on too the price action. Either the stock will revert after testing the Neck line or will consolidate and give Break Out Or Break Down. Entry should be targeted only once the levels is breached on the lower side and close is given on the lower side. Positional or swing short sell trades can be initiated on the break down.
NSE:AETHERShort
by Mambotrade