Banknifty Intraday Analysis for 18th December 2024NSE:BANKNIFTY
Index closed near 52835 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 34.38 Lakh
53500 Strike – 23.90 Lakh
53000 Strike – 19.32 Lakh
Put Writing
52000 Strike – 17.06 Lakh
52500 Strike – 16.93 Lakh
53000 Strike – 14.61 Lakh
Index has resistance near 53350 – 53500 range and if index crosses and sustains above this level then may reach near 53900 – 54000 range.
Index has immediate support near 52350 - 52250 range and if this support is broken then index may tank near 51900 - 51800 range.
Trend Lines
Finnifty Intraday Analysis for 18th December 2024NSE:CNXFINANCE
Index closed near 24500 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 4.34 Lakh
24800 Strike – 1.94 Lakh
24900 Strike – 1.52 Lakh
Put Writing
24800 Strike – 1.48 Lakh
24500 Strike – 1.19 Lakh
24700 Strike – 1.08 Lakh
Index has resistance near 24700 - 24750 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24350 – 24300 range and if this support is broken then index may tank near 24150 – 24100 range.
Midnifty Intraday Analysis for 18th December 2024NSE:NIFTY_MID_SELECT
Index closed near 13075 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13200 Strike – 3.88 Lakh
13000 Strike – 3.83 Lakh
13300 Strike – 2.88 Lakh
Put Writing
13000 Strike – 5.83 Lakh
12800 Strike – 3.05 Lakh
13100 Strike – 2.67 Lakh
Index has immediate resistance near 13200 – 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
Wipro Gearing Up for a Stage 2? Add to your WL.After the bonus issue, Wipro is setting up again
-Forming a base right at a resistance level.
-Narrow Range candles.
-Dry Volume.
-Stock is in an uptrend.
-Could be a potential stage 2
Wait for the entry to trigger for a fresh entry. Wait for a confirmation of stage 2.
Entry: Above 315
SL: 283 day closing basis.
Risk- 9.7%
Potential Reward: 18%
RR: 1:1.9
A word of caution: The Quarterly earning releases are due on January 8.
Watch the Price action near the T1 ( 371) for further addition to the existing position or for fresh entry. Lock some profit at T1.
Powergrid - Good upside from trend line📊 Analysis:
Good bullish Hammer candle form on Trend line, The price is supported by the 21-EMA and 50-EMA, which are trending upwards with good volume, signaling bullish momentum.
📈 Trading Plan:
Entry: Buy above 335 (wait for a breakout above candle at least 15 min with strong volume confirmation).
Target 1: 340-345
Target 2: 360
Stop-Loss: 325 (below hammer low)
ALL SHOW NO GO.Despite forming flag-pole pattern in bigger time frame, BANKNIFTY couldn’t break above leading to continuation of bull leading to downfall. Now eminent 52359-52500 can be seen as a strong demand zone and new longs can be added till then unless it breaks below which could result new trend which is downtrend so plan your trades accordingly.
Nifty Intraday Analysis for 17th December 2024NSE:NIFTY
Index closed near 24670 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 97.25 Lakh 24700 Strike – 73.95 Lakh
24800 Strike – 59.48 Lakh
Put Writing
24500 Strike – 64.68 Lakh
24700 Strike – 53.24 Lakh
24600 Strike – 45.84 Lakh
Index has resistance near 24775 - 24825 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24350 – 24250 range.
Banknifty Intraday Analysis for 17th December 2024NSE:BANKNIFTY
Index closed near 53580 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
54000 Strike – 26.33 Lakh
53500 Strike – 17.96 Lakh
55000 Strike – 19.79 Lakh
Put Writing
52500 Strike – 17.68 Lakh
53000 Strike – 16.77 Lakh
53500 Strike – 15.23 Lakh
Index has resistance near 54000 – 54200 range and if index crosses and sustains above this level then may reach near 54500 – 54600 range.
Index has immediate support near 52900 - 52800 range and if this support is broken then index may tank near 52500 - 52400 range.
Finnifty Intraday Analysis for 17th December 2024NSE:CNXFINANCE
Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
25000 Strike – 3.89 Lakh
24800 Strike – 1.83 Lakh
25500 Strike – 1.52 Lakh
Put Writing
24800 Strike – 1.87 Lakh
24700 Strike – 1.14 Lakh
24500 Strike – 1.03 Lakh
Index has resistance near 25000 - 25050 range and if index crosses and sustains above this level then may reach near 25200 - 25250 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24450 – 24400 range.
Midnifty Intraday Analysis for 17th December 2024NSE:NIFTY_MID_SELECT
Index closed near 13205 level and Maximum Call and Put Writing near CMP as below in December Month contract:
Call Writing
13500 Strike – 6.53 Lakh
13000 Strike – 3.90 Lakh
13200 Strike – 3.10 Lakh
Put Writing
13000 Strike – 6.37 Lakh
13100 Strike – 3.34 Lakh
13200 Strike – 2.61 Lakh
Index has immediate resistance near 13250 – 13300 range and if index crosses and sustains above this level then may reach 13450 – 13500 range.
Index has immediate support near 13100 – 13050 range and if this support is broken then index may tank near 12900 – 12850 range.
Positive Momentum for Maruti SuzukiMaruti Suzuki is currently trading above a significant support level of ₹10,948 and is forming a triangle pattern. A breakout from this formation could lead to a bounce from these levels, potentially reaching the target of ₹13,530. Traders may consider entering at ₹10,942, with a minimum stop-loss placed slightly below the support zone at ₹10,660.
Fundamental Analysis of Maruti Suzuki for December 2024
Sales Performance: Maruti Suzuki sold 181,531 units in November 2024, with a significant portion coming from domestic sales.
Discount Offers: Year-end discounts are available across various models, enhancing customer incentives and potentially increasing footfall in dealerships.
Model Popularity: The Alto K10 and Swift are among the best-selling models this month, contributing to Maruti's strong market presence.
Asso Alcohol-Darvas box breakout and Retest done.
✅Stock is in an uptrend
✅Broke out of a base and retested
✅Trading above Key DMAs
✅consolidating right above the base forming base on
base with narrow-range candles
Keep this in your sight and find long opportunity.
CMP: 1128.75
Entry: 1132
SL: 935(Closing Basis)
Risk: 17.3%
Reward: 20.7%
The view shared is for educational purposes. Please do your due diligence.
IOLCP: The Next Big MoveFollowing a prolonged 4 month downtrend, IOLCP has successfully breached the significant resistance level at 417 on daily chart, which now serves as a change of character. The RSI has also crossed above the 60 threshold, further supporting the idea of positive momentum within the stock. Additionally, the daily closing prices are positioned above all EMAs, indicating a strong bullish sentiment.
At this juncture, IOLCP appears poised for upward movement, with the next resistance level identified at 514 . Refer to the accompanying chart for a visual representation of Resistance, Breakout and Stop-Loss.
Disclaimer: This analysis is provided solely for informational and educational purposes and should not be interpreted as financial advice. It is essential to conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NAS100 SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD NAS100 SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
SIEMENS NEAR RESISTANCE LEVELSIEMENS, one of my favorite stocks as this stock has always obeyed the untold rules of price action without any hindrance. The stock has always been fundamentally very strong. Now the stock is trading at 7,968 at a very crucial level. the stock can plummet back to its Support Zone or if it manages to break the Resistance level (on the Daily as well as the Weekly TF) as marked on the chart can go on a nice bull run in the coming few weeks.
POLYCAB PROBABLE BREAKOUTPOLYCAB has given a breakout today from a long consolidation and is currently trading at 7,541. The stock is fundamentally strong and has even given a breakout on the weekly TF. There is also a hidden Support-Cum-Resistance Level marked on the chart with a dotted line.
So far, the stock looks good for a Long-Position and can expect to see targets of 8000 in the coming few weeks.