Trend Analysis
Nifty Intraday Analysis for 13th November 2024NSE:NIFTY
Index closed near 23885 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24600 Strike – 100.51 Lakh
24200 Strike – 80.60 Lakh
24300 Strike – 71.39 Lakh
Put Writing
23500 Strike – 46.09 Lakh
24000 Strike – 32.54 Lakh
23800 Strike – 29.42 Lakh
Index has resistance near 24050 – 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23600 – 23550 range.
Banknifty Intraday Analysis for 13th November 2024NSE:BANKNIFTY
Index closed near 51160 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 48.96 Lakh
52000 Strike – 44.55 Lakh
51500 Strike – 26.29 Lakh
Put Writing
50000 Strike – 29.19 Lakh
50500 Strike – 20.83 Lakh
51000 Strike – 18.99 Lakh
Index has resistance near 51600 – 51800 range and if index crosses and sustains above this level then may reach near 52100 – 52200 range.
Index has immediate support near 50700 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
Finnifty Intraday Analysis for 13th November 2024NSE:CNXFINANCE
Index closed near 23565 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 3.65 Lakh
23600 Strike – 2.29 Lakh
23700 Strike – 1.93 Lakh
Put Writing
23500 Strike – 2.19 Lakh
23700 Strike – 1.90 Lakh
23600 Strike – 1.83 Lakh
Index has resistance near 23750 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range.
Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23125 – 23050 range.
Midnifty Intraday Analysis for 13th November 2024NSE:NIFTY_MID_SELECT
Index closed near 12300 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 12.05 Lakh
12600 Strike – 4.84 Lakh
12400 Strike – 4.27 Lakh
Put Writing
12500 Strike – 8.90 Lakh
12200 Strike – 2.64 Lakh
12300 Strike – 2.45 Lakh
Index has immediate resistance near 12450 - 12500 range and if index crosses and sustains above this level then may reach 12650 – 12700 range.
Index has immediate support near 12200 – 12140 range and if this support is broken then index may tank near 12000 – 11950 range.
Bitcoin Bybit chart analysis November 12Hello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
This is the Bitcoin 30-minute chart.
There is no Nasdaq indicator announcement today
There is a very high possibility of sideways movement.
After reaching the short-term target price yesterday
Depending on the situation today, additional adjustments may continue to be connected after tomorrow.
*When the blue finger moves
Long->Short switching
This is a short position strategy.
1. 85,692 dollars long position entry section / cut-off price when the green support line is broken
When the green support line touches the 2nd section
This is where the short-term pattern breaks, and there is also the possibility of additional adjustments
And when the previous high is broken, it is also a whipsaw condition.
2. 92407.5 dollars short position switching / stop loss price autonomous
(Since it is currently a section that cannot be drawn,
try drawing it according to the newly created resistance line.)
The purple finger 88.7K at the top
is a strong downward section today,
and up to the 1st section touch is a sideways market.
From the bottom, it becomes the 1+4 section,
but since it is the second arrival, the adjustment may continue to be long.
Up to this point, I ask that you simply refer to and use my analysis
and I hope that you operate safely with principle trading and stop loss price.
Thank you.
Nifty levels - Nov 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!
BankNifty levels - Nov 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!
Nifty may Decline 2000-3000 points from Given RangeWave (5) started from 23894 achieved its projection range and its sub wave 5 started from 24753 is also achieved its range and even extended so Nifty may give quick 1000 points fall from given range in chart and eventually it may decline 2000 to 3000 points from given range.
26200 is the Invalidation level for this analysis.....
Bank Nifty may Bounce 1500+ PointsIn bank nifty from 50194 there is a bounce of wave B and in which w and x wave is completed and wave y is in progress and in which a and b is completed and wave c of wave y may give 1500+ bounce from given support range. One can place SL some points below 123% level given on chart.
AUDCAD 1-Hour Chart AnalysisOn this chart, AUD/CAD is displaying signs of potential support in the green zone. A downtrend line is evident, but the price has tested this trendline multiple times.
Key Levels:
Support Zone: Around 0.90800, which could serve as a foundation for a reversal if buyers step in here.
Resistance Levels (Targets):
Target 1: 0.91790
Target 2: 0.92025
Target 3: 0.92380
Target 4: 0.92700
Stop-Loss: 0.90680, just below the support zone to manage risk in case of a bearish continuation.
Potential Scenario:
Bullish Reversal: If price action breaks above the descending trendline, there is a possibility of a bullish move towards the first target at 0.91790. The break above would signal a reversal from the downtrend, potentially aiming for higher targets.
Bearish Continuation: If the price fails to hold above the support at 0.90800, it may continue downward, hitting the stop-loss level at 0.90680. This could provide a shorting opportunity.
This setup could be ideal for a trend reversal trade, focusing on breaking resistance levels and progressively moving toward the higher targets. Be sure to monitor for confirmation before entering, as this could avoid potential false breakouts.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and you should always conduct your own research and consult with a professional financial advisor before making any investment decisions. Past performance is not indicative of future results. Trade responsibly.
Reliance - End of correction at 1250?Reliance: CMP 1250
The 5 wave impulse from March 2023 lows at 990 level got ended at 1610 levels and price was falling since then.
Price has achieved the extended target of 1.68% at 1249 and halted. Also retraced the entire move by 50%
Price is also at the confluence zone of previous resistance. If the price action supports, Price should start a fresh impulse from here, with invalidation of 1220 on DCB
Nifty Trading Strategy for 13th November 2024Nifty Trading Strategy: Buy Above 24,100 / Sell Below 23,800
Current Price: 23,884
Key Levels:
Buy Signal: If the price closes above 24,100 on the 15-minute candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 23,800 on the 15-minute candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 23,884, just below the buy signal level.
It's important to monitor the price closely, especially around the 23,850 to 24,000 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 24,100 on the 15-minute candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 24,150 and 24,200.
Sell: If the price breaks below 23,800 on the 15-minute candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 23,700 , 23600 and 23,350
Disclaimer: I am not SEBI registered. This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Nifty Weekly Analysis For 11-11-24 to 15-11-24Nifty Weekly Analysis For 11-11-24 to 15-11-24
23780-24550 is the Non Directional range for Nifty.
Option sellers can sell the above range until nifty breaks the range on either side.
If Nifty trades below 23780, current Downtrend continues and Targets are 23480/23080.
Long only If Nifty sustains above 24600, Targets on upside are 24800/25080.
View: Sideways to Bearish.
GOLD ANALYSIS 13TH NOV 2024"To reach TP3, price first needs to break through TP1. Let's wait for a clear rejection after filling the Fair Value Gap (FVG). If it breaks the lows, that could confirm a short entry. Currently, price is still forming lower lows and lower highs. A break above TP1 would be the initial signal for a shift to higher highs.
Like, comment, and follow for more updates!"
BANK NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 51300
SL - 51060
TARGETS - 51500,51800,52060
SELL BELOW - 51060
SL - 51300
TARGETS - 50900,50670,50380
NO TRADE ZONE - 51060 to 51300
Previous Day High - 52230
Previous Day Low - 51060
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 13/11/2024BUY ABOVE - 23920
SL - 23820
TARGETS - 24000,24100,24180
SELL BELOW - 23820
SL - 23920
TARGETS - 23730,23670,23610
NO TRADE ZONE - 23820 to 23920
Previous Day High - 24250
Previous Day Low - 23820
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nifty Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels.
Current Market Sentiment:
Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days.
Key Levels to Watch:
Support Levels:
24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact.
A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall.
Resistance Levels:
24,300 – 24,550: Recent highs that will act as key resistance.
Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000.
Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target.
Head and Shoulders Pattern:
This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000.
If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.