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Support and Resistance

Nifty Intraday Support & Resistance Levels for 14.10.2024On Friday, Nifty opened flat to slightly negative, trading within a narrow 100-point range throughout the day. It made a high of 25,028.65 and a low of 24,920.05, eventually closing at 24,964.25, down by 34 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. The support and resistance zones are unchanged from the last update. Demand/Support Zones: Near Demand/Support Zone (Daily): 24,753.15 - 25,130.50 (current price inside the zone) Far Demand/Support Zone (Daily): 24,522.95 - 24,636.35 Far Demand/Support Zone (Daily): 24,099.70 - 24,196.50 Far Demand/Support Zone (Weekly): 23,893.70 - 24,419.75 Supply/Resistance Zones: Near Supply/Resistance Zone (15m): 25,195.85 - 25,234.05 Far Supply/Resistance Zone (15m): 25,420 - 25,485.05 Near Supply/Resistance Zone (Daily): 25,739.20 - 25,907.60 Far Supply/Resistance Zone (Daily): 26,151.40 - 26,277.35
NSE:NIFTY
by PriteshPal
BTC Trade Update : "BTC Rocket Ride: 669 Points Gained, Target i"BTC's price action has come close to hitting the first target. So far, the trade has delivered 669 points, showing strong momentum towards our anticipated levels. With price testing key support zones and facing resistance near 63,462, there's still potential for further movement. Keep an eye on the next levels for a possible continuation or pullback, as the 61,602 zone below could offer critical support if the momentum shifts."
CRYPTO:BTCUSD
by XTrap_000
POONAWALLA - Ready for next swing?POONAWALLA is currently sitting at a support level it has often returned to. For the past three years, the stock has stayed within this channel. Right now, it seems like there’s a good balance between risk and potential reward if you were to invest. The company itself is performing well based on its financials and seems like a promising option. However, this is just a personal opinion. It's important to do your own research before making any investment decisions. This is not a suggestion to buy or sell the stock.
NSE:POONAWALLALong
by SwingtradesbyAbhishek
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D UP MOVE WITH 1:6 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
CRYPTO:BTCUSDLong
by tradergyan01
Midcap Nifty - Oct 14Price was moving in a range on friday and now it is at important trend direction deciding zone 13000. Buy above 13040 with the stop loss of 13000 for the targets 13080, 13120, 13160 and 13200. Sell below 12960 with the stop loss of 13000 for the targets 12920, 12880 and 12840. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:MIDCPNIFTY1!
by vanathi
ETH will significantly outperform BTC through 2025ETH/BTC is at a crucial inflection point and may be about to reverse, giving ETH an opportunity to outperform BTC significantly from now through end 2025. Points to support this argument from the weekly ETH/BTC Chart: 1. Support line since Jan 2020 is being tested (pink). If this holds, a bounce and reversal is possible 2. The impulse wave that started in Jan 2020 topped in December 2021 (orange 1 on chart) and has been in a correction Wave 2 since then. This Wave 2 has been a clean ABC correction (end points labeled in blue). 3. The Wave 2 pullback is currently between the 0.618 and 0.786 Fib level and this may be a confluence with the Support Line since Jan 2020 (see point 1), offering a confirmation of a reversal 4. It is way below the 200 DMA (yellow line) and the 200 WMA (orange line) and reversion to mean may be next Taken together, these build a solid case for a reversal of the ETH/BTC trend. If this reversal occurs, completing Wave 3 means ETH will significantly outperform BTC through end of 2025. Only if this pink support line since Jan 2020 is converted to support first. Interesting times.
Long
by sohumm
Nifty Intraday Analysis for 11th October 2024NSE:NIFTY Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 39.93 Lakh 25500 Strike – 32.55 Lakh 25200 Strike – 29.59 Lakh Put Writing 25000 Strike – 46.75 Lakh 24900 Strike – 19.80 Lakh 25100 Strike – 15.98 Lakh Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range. Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 11th October 2024NSE:BANKNIFTY Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 16.83 Lakh 51500 Strike – 14.28 Lakh 52500 Strike – 11.75 Lakh Put Writing 51000 Strike – 17.98 Lakh 50500 Strike – 11.73 Lakh 51500 Strike – 11.70 Lakh Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range. Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50200 - 50100 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 11th October 2024NSE:CNXFINANCE Index closed near 23765 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 7.39 Lakh 24500 Strike – 5.88 Lakh 24300 Strike – 5.58 Lakh Put Writing 23500 Strike – 4.79 Lakh 23600 Strike – 3.29 Lakh 23700 Strike – 3.08 Lakh Index has resistance near 23900 - 24000 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23350 – 23250 range and if this support is broken then index may tank near 24350 – 24450 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 11th October 2024NSE:NIFTY_MID_SELECT Index closed near 12915 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 18.42 Lakh 13200 Strike – 10.80 Lakh 13100 Strike – 9.95 Lakh Put Writing 13000 Strike – 9.93 Lakh 12800 Strike – 7.47Lakh 12700 Strike – 6.44 Lakh Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range. Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
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by RKMAURYA
BankNifty levels - Oct 14, 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 14, 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