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Pre Market analysis for 30/12/2024 Pre Market analysis for 30/12/2024 #NIFTYBANK If market opens flat and breaks 51400 level, will plan for buying for target 51600 level. If market opens gap down, and breaks 51250 will plan for selling for target 51000. Wait for 15min candle close below level. If market opens gap up, and sustains above 51400 level, then plan for buying for target 51600. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:BANKNIFTYLong
by EmpireCrown
ADX in trading The average directional index (ADX) is a technical indicator used by traders to determine the strength of a financial security's price trend. It helps them reduce risk and increase profit potential by trading in the direction of a strong trend. There are far too many fake breakouts that can leave traders trapped in a bad trade position. The ADX helps validate breakouts. That is, when the price breaks out with an ADX reading of above 25, it implies that momentum in the new direction can be sustained.
NSE:HDFCBANKEducation
by SkyTradingZone
INDUSINDBK Support and Resistance As of December 29, 2024, IndusInd Bank Limited (INDUSINDBK) closed at ₹953.40 on the National Stock Exchange (NSE), marking a 2.30% increase from the previous close. Technical analysis indicates the following support and resistance levels: Immediate Support: ₹943.23 Immediate Resistance: ₹981.28 Short-term Support: ₹939.16 Short-term Resistance: ₹973.93 Medium-term Support: ₹925–908 Medium-term Resistance: ₹942–959 These levels suggest that if the stock price declines, it may find support around ₹943, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹981, which could impede further gains. Additionally, the Relative Strength Index (RSI) is at 49.395, indicating neutral momentum. Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
NSE:INDUSINDBKLong
by EmpireCrown
BAJFINANCE Levels As of December 29, 2024, Bajaj Finance Limited (BAJFINANCE) closed at ₹6,910.10 on the National Stock Exchange (NSE), marking a 1.37% increase from the previous close. Technical analysis indicates the following support and resistance levels: Immediate Support: ₹6,869.08 Immediate Resistance: ₹7,015.38 Short-term Support: ₹6,849.33 Short-term Resistance: ₹6,933.52 Medium-term Resistance: ₹7,000 These levels suggest that if the stock price declines, it may find support around ₹6,869, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹7,015, which could impede further gains. Additionally, the Relative Strength Index (RSI) is at 49.395, indicating neutral momentum. Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
NSE:BAJFINANCELong
by EmpireCrown
Sensex support and resistance As of December 29, 2024, the S&P BSE Index closed at 78,699.07, reflecting a 0.29% increase from the previous close. Technical analysis indicates the following support and resistance levels: Immediate Support: 78,517 Immediate Resistance: 78,962 Short-term Support: 78,336 Short-term Resistance: 79,225 Medium-term Support: 78,073 Medium-term Resistance: 79,407 These levels suggest that if the index declines, it may find support around 78,517, potentially preventing further decreases. Conversely, if the index rises, it may encounter resistance near 78,962, which could impede further gains. Additionally, the Relative Strength Index (RSI) is at 49.395, indicating a neutral momentum. Please note that market conditions can change rapidly. For the most current information, it's advisable to consult real-time data sources or financial advisors.
BSE:SENSEXLong
by EmpireCrown
NIFTY 50 index levels As of December 29, 2024, the NIFTY 50 index closed at 23,813.40, reflecting a 0.27% increase from the previous close. Technical analysis indicates the following support and resistance levels: Immediate Support: 23,807 Immediate Resistance: 23,945.25 Short-term Support: 23,726.44 Short-term Resistance: 24,288.03 Medium-term Support: 23,500–23,640 Medium-term Resistance: 24,150 These levels suggest that if the index declines, it may find support around 23,807, potentially preventing further decreases. Conversely, if the index rises, it may encounter resistance near 23,945, which could impede further gains. Please note that market conditions can change rapidly. For the most current information, it's advisable to consult real-time data sources or financial advisors.
NSE:NIFTYLong
by EmpireCrown
RELIANCE support and resistance As of December 29, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05 on the National Stock Exchange (NSE), marking a 0.37% increase from the previous close. Technical analysis indicates the following support and resistance levels: Immediate Support: ₹1,219.03 Immediate Resistance: ₹1,229.93 Short-term Support: ₹1,217.59 Short-term Resistance: ₹1,265.37 Medium-term Support: ₹1,114 Medium-term Resistance: ₹1,390 These levels suggest that if the stock price declines, it may find support around ₹1,219, potentially preventing further decreases. Conversely, if the price rises, it may encounter resistance near ₹1,229, which could impede further gains. Additionally, the Relative Strength Index (RSI) is at 42, indicating a neutral momentum. Please note that stock prices are subject to market volatility. For the most current information, it's advisable to consult real-time data sources or financial advisors.
NSE:RELIANCELong
by EmpireCrown
HDFC Bank Limited's stockAs of December 29, 2024, HDFC Bank Limited's stock (HDFCBANK) closed at ₹1,797.85 on the National Stock Exchange (NSE), marking a 0.34% increase from the previous close. MARKETWATCH The stock is currently trading below its 52-week high of ₹1,880.00, reached on December 9, 2024. For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements: Support Levels: S1: ₹1,790.97 S2: ₹1,781.00 S3: ₹1,773.00 Resistance Levels: R1: ₹1,806.00 R2: ₹1,815.00 R3: ₹1,823.00 These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market. EQUITY PANDIT Additionally, technical indicators provide further insights: Relative Strength Index (RSI): 50% (Neutral) Price/Sales Ratio: 6.43 Price/Book Ratio: 1.98 These indicators suggest a neutral outlook, with the RSI indicating neither overbought nor oversold conditions. YAHOO FINANCE Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions. Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
NSE:HDFCBANKLong
by EmpireCrown
AXISBANK Support and ResistanceAs of December 29, 2024, Axis Bank Limited's stock (AXISBANK) closed at ₹1,077.50 on the National Stock Exchange (NSE), marking a slight increase of 0.06% from the previous close. MARKETWATCH The stock remains below its 52-week high of ₹1,339.55, reached on July 12, 2024. MARKETWATCH For the upcoming trading sessions, key support and resistance levels have been identified based on recent price movements: Support Levels: S1: ₹1,071.60 S2: ₹1,070.00 S3: ₹1,063.00 Resistance Levels: R1: ₹1,084.65 R2: ₹1,090.00 R3: ₹1,094.00 These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market. TOP STOCK RESEARCH Additionally, technical indicators provide further insights: Relative Strength Index (RSI): 48.517 (Neutral) Moving Average Convergence Divergence (MACD): -43.34 (Sell) Average Directional Index (ADX): 21.376 (Buy) These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend. MONEYCONTROL Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions. Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
NSE:AXISBANKLong
by EmpireCrown
BANKNIFTY levelAs of December 29, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,311.30, reflecting an increase of 140.60 points (0.27%) from the previous close. INVESTING For the upcoming trading session, key support and resistance levels have been identified based on recent price movements: Support Levels: S1: 51,158.12 S2: 51,004.93 S3: 50,769.77 Resistance Levels: R1: 51,546.47 R2: 51,781.63 R3: 51,934.82 These levels are derived from pivot point calculations, which are widely used to determine potential turning points in the market. TOP STOCK RESEARCH Additionally, technical indicators provide further insights: Relative Strength Index (RSI): 48.517 (Neutral) Moving Average Convergence Divergence (MACD): -43.34 (Sell) Average Directional Index (ADX): 21.376 (Buy) These indicators suggest a mixed outlook, with the RSI indicating neutrality, MACD signaling a potential bearish trend, and ADX pointing towards a developing trend. MONEYCONTROL Please note that market conditions can change rapidly, and it's essential to consider multiple factors when making trading decisions. Disclaimer: The information provided is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions.
NSE:BANKNIFTYLong
by EmpireCrown
MACD in trading The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries. Traders often use MACD with longer-term moving averages like the 50-day or 200-day moving average. If the price is above these averages and MACD signals a buy, it reinforces the bullish trend. On the flip side, if the price is below the moving averages and MACD signals a sell, it indicates a strong bearish trend.
NSE:BANKNIFTYEducation
by SkyTradingZone
Technical and option trading Imagine you are trading futures. You agree to buy or sell an asset at a specified price in the future. Options, on the other hand, grant you the right (but not the obligation) to buy or sell an asset at a certain price in the future. Leverage allows you to engage in these markets with less initial capital. Relative Strength Index (RSI) Bollinger Bands. Intraday Momentum Index (IMI) Money Flow Index (MFI) Put-Call Ratio (PCR) Indicator. Open Interest (OI) FAQs. The Bottom Line.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option and database trading ow Options Trading Is Different. Relative Strength Index (RSI) Bollinger Bands. Intraday Momentum Index (IMI) Money Flow Index (MFI) Put-Call Ratio (PCR) Indicator. Open Interest (OI) FAQs. An option chain, sometimes referred to as an option matrix, is a fundamental tool in the world of options trading. It provides traders and investors with a comprehensive view of available options for a particular underlying asset, such as stocks, indices, or commodities.
NSE:KOTAKBANKEducation
by SkyTradingZone
Option trading When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
NSE:HDFCBANKEducation
by SkyTradingZone
Learn technical trading Open a demat account. ... Understand stock quotes. ... Bids and asks. ... Fundamental and technical knowledge of stock. ... Learn to stop the loss. ... Ask an expert. ... Start with safer stocks. Start by reading foundational books and taking reputable courses to build a solid theoretical understanding of technical analysis, Set realistic goals, maintain emotional discipline, and continually refine strategies through learning and practical experience.
NSE:NIFTYEducation
by SkyTradingZone
Relative Strength Index (RSI) IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies. Low RSI levels, typically below 30 (red line), indicate oversold conditions—generating a potential buy signal. Conversely, high RSI levels, typically above 70 (green line), indicate overbought conditions—generating a potential sell signal. Helps identify trend direction: RSI can help traders identify the direction of the trend. If the RSI is above 50, it indicates a bullish trend, while a reading below 50 indicates a bearish trend. By identifying the trend direction, traders can make better decisions on whether to buy or sell.
NSE:BANKNIFTYEducation
by SkyTradingZone
Option chain Option chains provide specific data related to options contracts, including strike prices, expiration dates, implied volatility, and open interest. Traders use this data to construct options strategies, manage risk, and profit from price movements in the underlying asset. NSE's online Real time Data Feed. NSE's real time data is provided in various levels (level 1, level 2, level 3 and tick by tick) across segments such as Capital Market, Futures & Options, Currency Derivative and Wholesale Debt Market. Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index.
NSE:BANKNIFTYEducation
by SkyTradingZone
BANKNIFTY levelsAs of December 28, 2024, the Nifty Bank Index (BANKNIFTY) closed at 51,233.00, reflecting a decrease of 84.60 points (-0.16%) from the previous close. For the upcoming trading session, the following support and resistance levels have been identified based on pivot point analysis: Resistance Levels: R1: 51,364.24 R2: 51,495.47 R3: 51,608.84 Support Levels: S1: 51,119.64 S2: 51,006.27 S3: 50,875.04 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies.
NSE:BANKNIFTYLong
by EmpireCrown
RELIANCE Levels 1 DayAs of December 28, 2024, Reliance Industries Limited (RELIANCE) closed at ₹1,221.05, reflecting a slight increase of 0.37% from the previous close. For the upcoming trading sessions, the following support and resistance levels have been identified based on various technical analyses: Daily Support and Resistance Levels: Support Levels: S1: ₹1,219.03 S2: ₹1,217.59 S3: ₹1,205.17 Resistance Levels: R1: ₹1,229.93 R2: ₹1,232.88 R3: ₹1,237.87 These levels are derived from the previous trading day's price range and can serve as potential indicators for intraday trading strategies. MUNAFASUTRA Weekly Support and Resistance Levels: Support Levels: S1: ₹1,222.60 S2: ₹1,211.65 S3: ₹1,202.25 Resistance Levels: R1: ₹1,232.00 R2: ₹1,242.95 R3: ₹1,252.35 These weekly levels provide a broader perspective for traders considering positions over multiple days. Technical Indicators: Relative Strength Index (RSI): 27 (indicating potential oversold conditions) Moving Averages: 5-Day Average: ₹1,217.59 20-Day Average: ₹1,265.37 50-Day Average: ₹1,477.68 These indicators suggest that the stock is currently experiencing bearish momentum, with the RSI indicating potential oversold conditions. Please note that support and resistance levels, along with technical indicators, are tools to assist in trading decisions and should be used in conjunction with other analyses and risk management strategies.
NSE:RELIANCELong
by EmpireCrown