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Support and Resistance

Nifty Intraday Analysis for 01st October 2024NSE:NIFTY Index closed near 25810 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26000 Strike – 89.63 Lakh 26200 Strike – 70.95 Lakh 26100 Strike – 57.07 Lakh Put Writing 26000 Strike – 49.93 Lakh 25800 Strike – 43.26 Lakh 25500 Strike – 36.35 Lakh Index has resistance near 26000 – 26100 range and if index crosses and sustains above 26100 level then may reach near 26250 - 26300 range. Index has immediate support near 25600 – 25500 range and if this support is broken then index may tank near 25300 – 25200 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 01st October 2024NSE:BANKNIFTY Index closed near 53835 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 54000 Strike – 27.72 Lakh 53500 Strike – 27.10 Lakh 54500 Strike – 25.55 Lakh Put Writing 52000 Strike – 22.89 Lakh 52500 Strike – 22.07 Lakh 53000 Strike – 19.80 Lakh Index has resistance near 53500 – 53600 range and if index crosses and sustains above 53600 level then may reach near 54000 – 54200 range. Index has immediate support near 52600 – 52500 range and if this support is broken then index may tank near 52200 - 52000 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 01st October 2024NSE:CNXFINANCE Index closed near 24480 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 21.34 Lakh 25100 Strike – 14.96 Lakh 24800 Strike – 14.40 Lakh Put Writing 24000 Strike – 19.48 Lakh 24300 Strike – 11.37 Lakh 24500 Strike – 9.37 Lakh Index has resistance near 24750 - 24850 range and if index crosses and sustains above 25250 level then may reach near 25100 - 25200 range. Index has immediate support near 24250 – 24150 range and if this support is broken then index may tank near 24050 – 23050 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 01st October 2024NSE:NIFTY_MID_SELECT Index closed near 13225 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13200 Strike – 5.76 Lakh 13300 Strike – 4.71 Lakh 13500 Strike – 2.96 Lakh Put Writing 13200 Strike – 7.21 Lakh 13300 Strike – 3.58 Lakh 13000 Strike – 3.24 Lakh Index has immediate resistance near 13350 - 13400 range and if index crosses and sustains above this level then may reach 13450 – 13500 range. Index has immediate support near 13200 – 13100 range and if this support is broken then index may tank near 12950 – 12900 range.
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by RKMAURYA
Nifty levels - Oct 03, 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 03, 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