Trend Lines
Nifty Intraday Analysis for 26th September 2024NSE:NIFTY
Index closed near 26005 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 96.16 Lakh
26500 Strike – 74.98 Lakh
26200 Strike – 65.67 Lakh
Put Writing
25900 Strike – 89.19 Lakh
25500 Strike – 89.02 Lakh
25800 Strike – 83.04 Lakh
Index has resistance near 26150 – 26200 range and if index crosses and sustains above 26250 level then may reach near 26450 - 26500 range.
Index has immediate support near 25800 – 25700 range and if this support is broken then index may tank near 25600 – 25500 range.
Banknifty Intraday Analysis for 26th September 2024NSE:BANKNIFTY
Index closed near 54100 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
54000 Strike – 18.21 Lakh
54500 Strike – 13.62 Lakh
55000 Strike – 8.90 Lakh
Put Writing
54000 Strike – 19.27 Lakh
54100 Strike – 7.99 Lakh
53900 Strike – 6.90 Lakh
Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range.
Index has immediate support near 53800 – 53700 range and if this support is broken then index may tank near 53200 - 53000 range.
Finnifty Intraday Analysis for 26th September 2024NSE:CNXFINANCE
Index closed near 24990 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 6.04 Lakh
24900 Strike – 2.37 Lakh
25100 Strike –1.83 Lakh
Put Writing
25000 Strike – 4.98 Lakh
24900 Strike – 4.37 Lakh
24800 Strike – 2.54 Lakh
Index has resistance near 25050 - 25100 range and if index crosses and sustains above 25100 level then may reach near 25250 - 25300 range.
Index has immediate support near 25800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Midnifty Intraday Analysis for 26th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 12.00 Lakh
13200 Strike – 8.27 Lakh
13400 Strike – 5.84 Lakh
Put Writing
13200 Strike – 12.36 Lakh
13000 Strike – 6.93 Lakh
13250 Strike – 6.12 Lakh
Index has immediate resistance near 13300 - 13350 range and if index crosses and sustains above this level then may reach 13450 – 13500 range.
Index has immediate support near 13160 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.
NIFTY 50 DAILY UPDATE - PROJECTING WAVE 5Hello, Just zoom out daily chart you can clearly see wave 3 is extended.
Elliot wave -
The Guideline of Equality says that two of the motive sub-waves in a five wave sequence will tend toward equality, which is generally true of the non-extended waves.
This means that, when Wave 3 of an impulse wave is the extended wave, Wave 5 will approximately equal Wave 1 in price. This is useful for potentially projecting the end of Wave 5 in an impulse if you recognize Wave 3 as an extended wave.
According to this guideline Nifty 50 wave 5 Target is - 26203.
GSPL 1DSwing Trading Strategy:
Instrument: Gujarat State Petro Ltd (NSE)
Timeframe: Daily Chart (1D)
Chart Analysis:
The price recently pulled back to a previous resistance level around 408, which is now acting as a support.
There is a visible confluence of multiple EMAs (20/50/100/200), which provides a trend-following environment.
The stock is showing signs of continuation after a corrective phase, with low volume during the correction (marked as "DEAD VOL").
Entry Criteria:
Buy Entry: Enter a long position above 408, as indicated on the chart. The entry is set slightly above the resistance-turned-support level to confirm bullish momentum.
Target:
Target: The primary target is set around 465. This target is calculated based on the recent swing high, showing a potential upside of approximately 10.94% (marked on the chart).
Risk Management:
Limit your risk to 1-2% of your trading capital per trade. Calculate your position size accordingly based on the distance between your entry and stop loss.
Exit Strategy:
Partial Exit: Consider booking partial profits if the price reaches halfway to the target (around 435) and move the stop loss to break even to secure gains.
Full Exit: Close the remaining position once the price reaches the target of 465 or shows signs of reversal near that level.
Volume Confirmation:
Watch for increasing volume as the price approaches the entry level of 408. This would indicate buying interest and confirm the breakout attempt.
Additional Notes:
Monitor the EMA levels closely. A bullish crossover or the price staying above these EMAs would further strengthen the trade setup.
If the price fails to sustain above 408 and falls below the stop loss level, consider the trade invalid and wait for a new setup.
This swing trading strategy uses a combination of support and resistance, volume analysis, and EMA confirmation to manage entry and exit, aligning with the chart’s technical indications.
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:10 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
Gold: The Fever Shows No Signs of Cooling DownHello everyone, it's Alisa again. Will gold go up or down today? Let’s analyze it together with Alisa!
Despite facing strong profit-taking pressure, gold prices have remained at an all-time high. This suggests that investors are still optimistic about the possibility of further rate cuts by the U.S. Federal Reserve in the near future, especially after the latest inflation data was released.
Looking at the technical chart, the trend is still upward, and the 34 and 89 EMAs are running steadily with no signs of reversal. With support at 2,626, this precious metal continues to rise, targeting the 2,688 mark.
Alisa thinks this precious metal will soon break its record high and aim for 2,700. What do you think about gold’s movement today?
More 2 days to go for trend confirmation.As we can see BANKNIFTY had been in continuous uptrend nearing important trendline which can act as a potential resistance hence we might see this weekly candle as very decisive candle as if crosses above the given trend line the we may see more of upmove but can fall if any signs of bearishness in seen weekly time frame so plan your trades accordingly.
NIFTY FOR 26 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
NIFTY FIN SERVICE FOR 26 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
BANKNIFTY FOR 16 SEP#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
NOTE : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Finnifty Intraday Analysis for 25th September 2024NSE:CNXFINANCE
Index closed near 24885 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 2.34 Lakh
24900 Strike – 1.93 Lakh
25100 Strike – 0.89 Lakh
Put Writing
24900 Strike – 1.66 Lakh
24800 Strike – 1.21 Lakh
25000 Strike – 1.14 Lakh
Index has resistance near 25000 - 25100 range and if index crosses and sustains above 25100 level then may reach near 25200 - 25250 range.
Index has immediate support near 25700 – 24550 range and if this support is broken then index may tank near 24300 – 24200 range.
Nifty Intraday Analysis for 25th September 2024NSE:NIFTY
Index closed near 25940 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 90.83 Lakh
26500 Strike – 63.41 Lakh
26200 Strike – 54.24 Lakh
Put Writing
25500 Strike – 75.46 Lakh
25900 Strike – 63.39 Lakh
25800 Strike – 57.92 Lakh
Index has resistance near 25950 – 26050 range and if index crosses and sustains above 26050 level then may reach near 26200 - 26250 range.
Index has immediate support near 25800 – 25700 range and if this support is broken then index may tank near 25600 – 25500 range.
Banknifty Intraday Analysis for 25th September 2024NSE:BANKNIFTY
Index closed near 53970 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
54000 Strike – 32.92 Lakh
55000 Strike – 31.06 Lakh
54500 Strike – 24.29 Lakh
Put Writing
53000 Strike – 40.87 Lakh
54000 Strike – 29.38 Lakh
53500 Strike – 28.72 Lakh
Index has resistance near 54200 – 54300 range and if index crosses and sustains above 54300 level then may reach near 54500 – 54600 range.
Index has immediate support near 53700 – 53500 range and if this support is broken then index may tank near 53000 - 529500 range.
Big swing expected on either side on the Monthly F&O expiry day with inclination on the up side.
Midnifty Intraday Analysis for 25th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13285 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13300 Strike – 7.95 Lakh
13200 Strike – 6.63 Lakh
13500 Strike – 5.20 Lakh
Put Writing
13200 Strike – 9.63 Lakh
13000 Strike – 6.03 Lakh
13200 Strike – 5.00 Lakh
Index has immediate resistance near 13200 - 13300 range and if index crosses and sustains above 13300 level then may reach 13450 – 13500 range.
Index has immediate support near 13160 – 13050 range and if this support is broken then index may tank near 12950 – 12900 range.