Banknifty Intraday Analysis for 05th November 2024NSE:BANKNIFTY
Index closed near 51215 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 31.69 Lakh
52500 Strike – 23.00 Lakh
53000 Strike – 22.40 Lakh
Put Writing
51000 Strike – 13.17 Lakh
50200 Strike – 11.78 Lakh
50000 Strike – 11.00 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range.
Index has immediate support near 50900 - 50800 range and if this support is broken then index may tank near 50500 - 50400 range.
Support and Resistance
Finnifty Intraday Analysis for 05th November 2024NSE:CNXFINANCE
Index closed near 23660 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 31.30 Lakh
24100 Strike – 25.21 Lakh
24200 Strike – 23.68 Lakh
Put Writing
23000 Strike – 21.05 Lakh
23500 Strike – 15.77 Lakh
23200 Strike – 15.21 Lakh
Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23300 – 23200 range.
Midnifty Intraday Analysis for 05th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12290 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12300 Strike – 6.47 Lakh
12400 Strike – 1.52 Lakh
12500 Strike – 1.41 Lakh
Put Writing
12300 Strike – 6.71 Lakh
12200 Strike – 2.22 Lakh
12000 Strike – 1.78 Lakh
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 12225 – 12175 range and if this support is broken then index may tank near 12050 – 12950 range.
NMDC has announced bonus share and stock has given breakoutHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought another stock which has given breakout of falling trendline on the news of bonus share announcement. Stock is technically and fundamentally good company. I am expecting 30-35% rally in this. Stock is ready to fly in blue sky. NMDC is engaged in exploration and production of Iron Ore along with Diamond, production and sale of Sponge Iron and generation and sale of Wind Power.
A Navratna company
National Mineral Development Corporation (NMDC) was established in the year 1958 as a fully owned government company under the administrative control of the Ministry of steel and is one of the most profitable ones among the Navratna companies.
Forward Integration
NMDC is one of the world’s low-cost Iron ore producers and they have ventured into the steel-making business to benefit from their ability to procure Iron ore at a cheaper price. The company has procured 2000 Acres of land in Chattisgarh to set up a steel plant with a manufacturing capacity of 3 MTPA and the facility will be the largest Blast furnace in India with a capacity of 4506 Cum.
Market Cap
₹ 68,796 Cr.
Current Price
₹ 235
High / Low
₹ 286 / 160
Stock P/E
11.2
Book Value
₹ 87.5
Dividend Yield
3.11 %
ROCE
30.9 %
ROE
23.9 %
Face Value
₹ 1.00
Industry PE
20.7
Debt
₹ 3,359 Cr.
EPS
₹ 20.1
Promoter holding
60.8 %
Intrinsic Value
₹ 470
Pledged percentage
0.00 %
EVEBITDA
6.58
Change in Prom Hold
0.00 %
Profit Var 5Yrs
4.67 %
Sales growth 5Years
11.9 %
Return over 5years
22.2 %
Debt to equity
0.13
Net profit
₹ 5,887 Cr.
ROE 5Yr
24.0 %
Profit growth
23.1 %
Earnings yield
15.2 %
PEG Ratio
2.39
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
BankNifty levels - Nov 06, 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!
Nifty levels - Nov 06, 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!
#XAUUSD/H4 The big wave in the U.S. presidential election.Market analysis for XAUUSD trading during the European and American sessions:
The price adjustment of gold is still ongoing; however, it has not yet broken through the sideways range of 2730 - 2750. If the price breaks below 2730, it will officially undergo a significant correction. The news regarding the Presidential and Congressional elections in the U.S. will have a strong impact on the market.
Today's trading trend: SELL.
Key price levels to note:
SELL zone: 2740 - 2745, 2750 - 2755, and 2760 - 2765.
BUY zone: 2715 - 2720, 2703 - 2708, and 2680 - 2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2743 - 2745
SL 2748
TP 2740 - 2730 - 2720 - 2685
Plan 2: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
Plan 3: BUY XAUUSD zone 2706 - 2708
SL 2703
TP 2711 - 2720 - 2725 - 2730.
Alt coins are going to take off big time. The low is in.
From Oct 1 to today, Alt coins (or BTC only strength) are basically down only.
It even took the lows from years ago, the lows from the Aug.
For the first time, the daily srsi has turned green.
It looks like a steal at the current prices.
Right time to lever up.
BankNifty Intraday Support & Resistance Levels for 05.11.2024On Monday, BankNifty opened on a high note, with Open = High at 51,729.90, before dropping over 650 points to a low of 51,070.65. It closed at 51,215.25, down by 458 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways, suggesting caution in both directions.
Demand/Support Zones
Near Minor Demand/Support (30m): 50,798.45 - 50,888.95
Near Minor Demand/Support (15m): 50,382.10 - 50,485.15
Far Demand/Support (Daily): 49,654.65 - 49,959.25
Extended Support: 49,282.65 (61.8% FIBO Level)
Far Demand/Support (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance (30m): 51,634.50 - 51,793.50
Near Supply/Resistance (15m): 52,264.05 - 52,349.45
Extended Supply/Resistance (Daily): 52,817.80 - 53,235.25
Far Supply/Resistance (Weekly): 53,741.40 - 54,467.35
Nifty Intraday Support & Resistance Levels for 05.11.2024On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise could present short-term selling opportunities.
Demand/Support Zones
Near Demand/Support (Daily): 23,350 - 23,667.10
Far Support: 23,189.88 (61.8% FIBO)
Extended Demand/Support (Daily): 22,642.60 - 22,910.15
Supply/Resistance Zones
Near Supply/Resistance (15m): 24,063.95 - 24,107.55
Near Supply/Resistance (30m): 24,280.20 - 24,356.25
Near Supply/Resistance (125m): 24,502.80 - 24,604.25
Extended Supply/Resistance (75m): 24,636.75 - 24,741.45
Extended Supply/Resistance (Daily): 24,664.95 - 24,978.30
Nifty Intraday Analysis for 04th November 2024NSE:NIFTY
Index closed near 24304 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
Index has resistance near 24450 – 24500 range and if index crosses and sustains above this level
then may reach near 24625 - 24675 range.
Index has immediate support near 24150 – 24100 range and if this support is broken then index
may tank near 24000 – 23950 range.
Banknifty Intraday Analysis for 04th November 2024NSE:BANKNIFTY
Index closed near 51675 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
53000 Strike – 21.03 Lakh
52000 Strike – 20.70 Lakh
52500 Strike – 18.70 Lakh
Put Writing
51500 Strike – 10.11 Lakh
51000 Strike – 9.28 Lakh
52000 Strike – 6.97 Lakh
Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level
then may reach near 52700 – 52900 range.
Index has immediate support near 51200 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
Finnifty Intraday Analysis for 04th November 2024NSE:CNXFINANCE
Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
24300 Strike – 13.85 Lakh
24000 Strike – 12.53 Lakh
24200 Strike – 11.97 Lakh
Put Writing
23500 Strike – 9.73 Lakh
23900 Strike – 5.98 Lakh
23600 Strike – 5.89 Lakh
Index has resistance near 24150 - 24250 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range.
Index has immediate support near 23800 – 23750 range and if this support is broken then index may tank near 23650 – 23550 range.
Midnifty Intraday Analysis for 04th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12400 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
12500 Strike – 24.63 Lakh
12600 Strike – 22.98 Lakh
12400 Strike – 22.54 Lakh
Put Writing
12000 Strike – 25.85 Lakh
12300 Strike – 16.84 Lakh
12100 Strike – 13.67 Lakh
Index has immediate resistance near 12550 - 12650 range and if index crosses and sustains above this level then may reach 12800 – 12850 range.
Index has immediate support near 12250 – 12200 range and if this support is broken then index may tank near 12100 – 12000 range.
BankNifty levels - Nov 05, 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!
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!
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.
#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.
USDCAD - SWING TRADE IDEA ON SHORT SIDESymbol - USDCAD
USDCAD is currently trading at 1.3847
I'm seeing a trading opportunity on sell side.
Shorting USDCAD pair at CMP 1.3847
I will add more quantity at 1.3880, If comes. Holding with SL 1.3910
Targets I'm expecting are 1.3765 - 1.3715 & 1.3662
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Pre Market analysis - NIFTY 50- 4th nov 24Market Analysis NIFTY 50- 4 NOV 24 - NIFTY opening 24315 , immediate near Support - 24324 -Pivot (also to watch out for resistance at this level , other support 24250 (liquidity for DIp) & 24180
RESISTANCE- should sustain 24380 for bullish structure
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
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