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Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then. FIIs have sold more than 1.3 lakh crore of equity in last 40 days. Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension. On the downside:- Below 23900, I am expecting at least 23300 which is near the trendline support. On the upside:- 24300, 24800 & 25000 would act as a strong resistance. Current view is sideways to bearish till 25000 is breached on weekly closing basis Till then, market will remain on sell at high.
NSE:NIFTY
by chartistamey
UBL Looking Good For A SwingNSE:UBL is Looking Good for a Short-Term Swing With RSI and MACD Trending Up and Price Action Crossing Key Levels respecting Upward Trendline. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:UBLLong
by Karanshah137
Trend Reversal in Aarti DrugsNSE:AARTIDRUGS is showing signs of Trend Reversal Although Still below 100 DSMA and Key Levels if it closes above it and Sustains Those Levels We can see New Highs Quickly, as it broke a Major Trendline with MACD Showing Buy Signal. Today it increased by 12% on the back of US FDA Clearance of its API Facility at Tarapur. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:AARTIDRUGS
by Karanshah137
Nifty Intraday Analysis for 24th December 2024NSE:NIFTY Index closed near 23755 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 124.17 Lakh 23800 Strike – 67.11 Lakh 24900 Strike – 53.40 Lakh Put Writing 23500 Strike – 101.17 Lakh 23700 Strike – 53.90 Lakh 23800 Strike – 47.69 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th December 2024NSE:BANKNIFTY Index closed near 51320 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 30.38 Lakh 51500 Strike – 30.35 Lakh 52500 Strike – 25.81 Lakh Put Writing 51000 Strike – 24.98 Lakh 50000 Strike – 22.35 Lakh 50500 Strike – 13.40 Lakh Index has resistance near 51900 – 52000 range and if index crosses and sustains above this level then may reach near 523500 – 52500 range. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 24th December 2024NSE:CNXFINANCE Index closed near 23785 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 2.92 Lakh 23900 Strike – 1.38 Lakh 24200 Strike – 1.31 Lakh Put Writing 23500 Strike – 1.68 Lakh 24000 Strike – 1.47 Lakh 23750 Strike – 1.39 Lakh Index has resistance near 23950 - 24000 range and if index crosses and sustains above this level then may reach near 24200 - 24250 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 24th December 2024NSE:NIFTY_MID_SELECT Index closed near 12755 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 9.46 Lakh 12900 Strike – 6.93 Lakh 12800 Strike – 6.89 Lakh Put Writing 12500 Strike – 6.71 Lakh 12800 Strike – 5.49 Lakh 12700 Strike – 4.70 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARD BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 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
CRYPTO:BTCUSDLong
by tradergyan01
Nifty Intraday Analysis for 23rd December 2024NSE:NIFTY Index closed near 23590 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 93.22 Lakh 23900 Strike – 39.08 Lakh 24800 Strike – 29.17 Lakh Put Writing 23000 Strike – 82.65 Lakh 23500 Strike – 67.61 Lakh 24000 Strike – 59.83 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 23rd December 2024NSE:BANKNIFTY Index closed near 50760 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52000 Strike – 21.56 Lakh 51500 Strike – 17.66 Lakh 51000 Strike – 11.89 Lakh Put Writing 50000 Strike – 15.07 Lakh 51000 Strike – 10.96 Lakh 50500 Strike – 9.68 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 51900 – 52000 range. Index has immediate support near 50400 - 50300 range and if this support is broken then index may tank near 49600 - 49500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 23rd December 2024NSE:CNXFINANCE Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24000 Strike – 2.25 Lakh 24500 Strike – 1.90 Lakh 24600 Strike – 1.87 Lakh Put Writing 23000 Strike – 2.20 Lakh 24000 Strike – 1.31 Lakh 23500 Strike – 1.23 Lakh Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23150 – 23100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 23rd December 2024NSE:NIFTY_MID_SELECT Index closed near 12685 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 12.19 Lakh 12900 Strike – 4.87 Lakh 12800 Strike – 2.54 Lakh Put Writing 12500 Strike – 7.11 Lakh 12600 Strike – 4.52 Lakh 12700 Strike – 3.57 Lakh Index has immediate resistance near 12850 – 12900 range and if index crosses and sustains above this level then may reach 13000 – 13100 range. Index has immediate support near 12600 – 12550 range and if this support is broken then index may tank near 12400 – 12350 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
2
From Novice to Pro: Navigating Support & Resistance Like a BossGreetings to all. I trust that you are all thriving in both your personal lives and trading endeavors. Today, I present educational content aimed at understanding the concepts of support and resistance in chart analysis. Support and resistance are key concepts in technical analysis used to identify potential price levels where an asset's price might reverse, stall, or consolidate. They are often visualized on a price chart and are critical for traders making decisions about entry, exit, and stop-loss levels. 1. Support: Definition: Support is a price level at which a downward trend may pause or reverse due to a concentration of buying interest. Why it works: Traders perceive this level as a "bargain," increasing demand and preventing further price drops. Visualization: On a chart, support levels often appear as a horizontal line or a sloping line below the current price where previous price action reversed or consolidated. Breakthroughs: If the price breaks below a support level, it may indicate a continuation of the downtrend. 2. Resistance: Definition: Resistance is a price level where an upward trend might pause or reverse due to selling pressure or profit-taking. Why it works: Traders perceive this level as "expensive," reducing demand and increasing selling activity. Visualization: On a chart, resistance levels are horizontal or sloping lines above the current price where the price struggled to move higher in the past. Breakthroughs: If the price breaks above a resistance level, it may indicate the start of a new upward trend. Common Characteristics of Support and Resistance: Role Reversal: Once a support level is broken, it often becomes a new resistance level, and vice versa. Psychological Levels: Round numbers (e.g., $50, $100) often act as strong support or resistance due to psychological significance. Volume Confirmation : High trading volume near these levels reinforces their strength. Types of Support and Resistance: Horizontal Lines: Based on past price action. Trendlines : Diagonal lines formed by connecting higher lows (support) or lower highs (resistance) in a trend. Moving Averages: Dynamic levels that adjust with price movement, often acting as support or resistance. Fibonacci Retracement: Levels based on mathematical ratios indicating potential reversal zones. How to Use Support and Resistance: Entry Points: Buy near support levels or after a breakout above resistance. Exit Points: Sell near resistance levels or after a breakdown below support. Risk Management: Place stop-loss orders just below support (for long positions) or above resistance (for short positions). Today, I decided to share some educational content, as my previous posts have primarily focused on trade ideas. I hope that you all would find this educational material valuable and engaging. If you appreciate this type of content, I encourage you to show your support by liking this post and following me for more educational insights in the future.
NSE:ASKAUTOLTDEducation
by TraderRahulPal
2
Nifty 50 - Portfolio Colour similar to color of Christmas?Year endings have historically been famous for a big correction and 2024 is no different. As I had mentioned in my previous idea, 23900, 23300 are crucial support to Nifty and 24300, 24800 are strong resistances We had seen a good bounce from 23300 to 24780 and then a good fall once 24300 was broken again. 23200-23300 will be a key level to understand next trend for Nifty. As we can see, there is a confluence of trendlines and demand zone around 23200. If we see a bear trap forming at this zone, one can expect 25000+ levels in January 2025. But if 23200 is broken, bloodbath may continue till budget with next key support zones being 22700, 22000, 21500. Market is going to be volatile as we are going to see a change in lot size of Nifty 50 from new year. It is better to be sector specific for swing trading.
NSE:NIFTYLong
by chartistamey
2
RBLBANK!Simple explanation: Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down. Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as guideposts on a trail. Price Targets: These are the expected price levels the stock might reach. For example, if the stock moves up, it could hit the price target marked by an arrow. Volume: This shows how many stocks were traded. A high volume means lots of people were buying or selling that day. Current Price: The current price of the stock is ₹152.79, which is down by 7.02%. So, traders use this chart to understand past price movements and predict future changes, helping them make decisions on buying or selling the stock. 📈📉 Hope this helps! If you have questions, just let me know.
NSE:RBLBANKLong
by iVishalPal
IRCTC-A monopoly stock available at discount!Technically, IRCTC has been in an uptrend since its listing in 2019. Stock has taken support multiple times at trendline visible on chart. If stock breaks this trendline due to bearish broader market, we can see a swift move towards 660 levels which is yet another demand zone. Levels given on chart. As most of us know, it is a monopoly PSU stock and has big potential in long term given the expansion of rail networks in India. It is not a recommendation but my personal opinion. I am a NISM Certified research analyst and not SEBI registered.
NSE:IRCTCLong
by chartistamey
4
Nifty Intraday Analysis for 20th December 2024NSE:NIFTY Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 67.06 Lakh 24500 Strike – 67.03 Lakh 24300 Strike – 39.61 Lakh Put Writing 24000 Strike – 87.98 Lakh 24000 Strike – 66.15 Lakh 23600 Strike – 26.00 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23700 – 23650 range.
NSE:NIFTY
by RKMAURYA