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Trend Analysis

USD/JPY Tests Key Resistance, Potential Downward ReversalThe USD/JPY chart shows a bullish correction after the previous sharp decline. Currently, the pair is retesting the resistance zone near 153.0, with the 34 EMA and 89 EMA sloping down, indicating that the bearish pressure is still strong. If the price fails to break above this resistance zone, there is a high possibility that USD/JPY will reverse lower, heading towards the support zone around 151.5 - 152.0. For trading strategies, this is an important area to watch for price reaction. If the price is rejected at the resistance zone, a sell order may be a reasonable option with the target being the support zone.
by Angela_baby
Nifty for muhurat Trading 01.11.2024Nifty 50 Analysis: Buy Above 24,360 / Sell Below 24,150 Current Price: 24,206.00 Support Levels: 24,100, 24,000 Resistance Levels: 24,500, 24,600 Key Points: The Nifty 50 index is currently consolidating within a range of 24,100 to 24,500. A decisive breakout above 24,500 could signal further bullish momentum, potentially driving the index towards 24,600 and beyond. Conversely, if the index falls below 24,150, it may indicate a bearish trend, with potential targets at 24,000 and lower. Recommendations: Buy: If the Nifty 50 index sustains above 24,360, consider entering long positions with targets at 24,440, 24,600 and 24,740. Sell: If the index breaks below 24,150, consider short positions with targets at 24,000 and 23,900.
NSE:NIFTY
by ramkkyy
Nifty levels for Diwali Muhurat tradingPlease check the levels on chart. Porbebly levels may work for Diwali Muhurat trading and also for 4th November Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:NIFTY
by PrashantTaralkar
Vedl- Bullish from short term to very long termVedanta- First sign of bullishness shown after two months of fall. Always the lower timeframes indicates the change in trend. So lets start from the smaller timeframes. 1. 15 mins- Low to high and higher low is the first indicator of the bullish trend which can be seen now. Higher high and higher low is not formed clearly still as they are almost at the same level to their previous highs and lows. 1 hour- Formed double bottom because of the same levels of previous highs and lows in the 15 min timeframe. Breaking the resistance of 472 will take it to the target of 490 which again unleashes the Rounding bottom pattern. Daily- After breaking the Rounding bottom pattern, the target of 533 will be achieved with the intermittent targets of 500 and 520. Weekly- Reaching each and every resistance will unleash the bigger and bigger rounding bottoms with the higher targets until 600 and 670 intially.
NSE:VEDLLong
by Flash_J
CNX SMALL CAP- BULL BULL BULL EVERYWHERENIfty Smallcap- Timeline analysis 1. Quarterly- Cup and handle breakout was done on July 2023 for which the target of 21900 is still pending. So Bullish in Quarterly 2. Monthly- 17844 and 18459 acted as a good support due to which Oct month candle didnt go beyond that. Retracement to the August month low is over. With the support of 18600 small cap index will move further up. So bullish in monthly 3. Weekly- Formed a double bottom structure with the target of 21700. If the weekly candle closes above 18459 tomorrow, then the upmove is possilbe until 19222 initially. Because everytime good upmove is seen once it touches 18459. Breaking the strong resitance of 19222 will take it to the target of 21700 - 21900. So bullish on weekly 4. Daily - Daily candle closed strongly above the support of 18459 which ensures the upmove until 19222 initially and then to 21700-21900 after it breaks the strong resistance of 19640. So bullish on Daily. 5. Hourly- The high to low and lower high to lower low is negated since the candle closed above 18459. Now low to high and higher low is formed which ensured bullish in hourly too.
NSE:CNXSMALLCAPLong
by Flash_J
01Nov2024 - NIFTY - Predictions (Next Trading Day)1. Index Chart Details: Index: Nifty 50 Index Date: October 31, 2024 Time Frames: 1 Day (1D) 1 Week (1W) 1 Month (1M) 2. Support and Resistance Levels From the detailed extracted information regarding the daily chart: Support Levels: 24,000.00 23,750.00 23,500.00 Resistance Levels: 24,372.45 24,500.00 24,700.00 3. Market Scenario Prediction Based on the patterns observed in the charts, here is a prediction for the market scenario for the next trading day: Market Opening Flat to slight gap down Market is likely to open around 24,206.35 Market Trend Bullish initially , then range-bound Will start bullish but possibly level off 4. Options Strategies Considering the analysis of the current trend, here are suggested strike prices for options trading: Buy Call Options: Strike at 24,205, as it is near the current close and has a likelihood of moving upward. Put Options : If the market starts to show weakness, watch for opportunities at 24,000 support. 5. Calendar Spread Strategy 5a. Calendar Spread Strikes: Daily Chart: Buy Option at 24,205 (short-term move) Weekly Chart: Buy Option at 24,205 Monthly Chart: Buy Option at 24,000 for a hedge 5b. Trends: Daily Slightly Bearish Weekly Neutral Monthly Bullish 6. Trading Advice on ATM, ITM, or OTM Options In terms of trading options based on market behavior: ATM Trade During market opening, if bullish ITM Don't Trade Unless closing near support level OTM Better Not to Trade Expected to remain stagnant Conclusion This analysis provides specific insights based on the chart reading for the Nifty 50 Index. Disclaimer: Do Manage your Risk and Money management, Do not Forget to PUT STOP LOSS.
NSE:NIFTY
by JayeshBoradia
BankNifty Support&Resistance Levels for 30th Oct WednesdayBnanknifty Bais still bearish It will range in 300 points between 52350 area above and 52k below, only a breakout of any of these can give good moves. 52350 above sustains long targets of 52500,52600,52800. 52000 below sustains short targets of 51900,51800,51600. Look for rejection on extremes of 52350 area above and 52 k area below for reversal play. Education purpose only do your own analysis before taking call.
NSE:BANKNIFTY
by rakeshreddym
1
Finnifty Intraday Analysis for 31st October 2024NSE:CNXFINANCE Index closed near 24035 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 7.54 Lakh 24200 Strike – 5.02 Lakh 24300 Strike – 4.06 Lakh Put Writing 24000 Strike – 4.00 Lakh 24200 Strike – 2.85 Lakh 23700 Strike – 2.11 Lakh Index has resistance near 24275 - 24375 range and if index crosses and sustains above this level then may reach near 24500 - 24600 range. Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
NSE:CNXFINANCELong
by RKMAURYA
Nifty levels - Oct 31, 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
1
BankNifty levels - Oct 31, 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
1