Nifty Intraday Analysis for 16th September 2024NSE:NIFTY
Index closed near 25355 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 66.15 Lakh
25400 Strike – 47.05 Lakh
25500 Strike – 42.91 Lakh
Put Writing
25000 Strike – 53.49 Lakh
25200 Strike – 42.22 Lakh
25300 Strike – 32.83 Lakh
Index has resistance near 25450 – 25500 range and if index crosses and sustains above 25550 level then may reach near 25650 - 25700 range.
Index has immediate support near 25250 – 25200 range and if 25200 support is broken then index may tank near 25000 – 24900 range.
Trend Lines
Finnifty Intraday Analysis for 16th September 2024NSE:CNXFINANCE
Index closed near 23980 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 12.59 Lakh
24200 Strike – 9.00 Lakh
24500 Strike – 8.10 Lakh
Put Writing
23600 Strike – 9.08 Lakh
23700 Strike – 8.56 Lakh
23900 Strike – 8.32 Lakh
Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.
Index has immediate support near 23900 – 23840 range and if this support is broken then index may tank near 23750 – 23700 range.
Midnifty Intraday Analysis for 16th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13345 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 20.69 Lakh
13350 Strike – 15.29 Lakh
13400 Strike – 15.22 Lakh
Put Writing
13200 Strike – 16.55 Lakh
13100 Strike – 16.43 Lakh
13300 Strike – 14.18 Lakh
Index has immediate resistance near 13400- 13500 range and if index crosses and sustains above 13500 level then may reach 13650 – 13700 range.
Index has immediate support near 13250 – 13200 range and if this support is broken then index may tank near 13050– 13000 range.
BLACKROSE LTD LONG
Blackrose trend break with huge volume. I marked the chart for stop loss and target. However, you can also consider placing a stop loss below the marked point if you're comfortable with a wider stop loss.
Remember:
"Swing trading is not a sprint, it's a marathon. Patience is the key to winning the game."
IRCON 1DSwing Trading Setup
Entry Point:
If the price bounces from the 200 EMA and FVG zone, this could offer a good swing trade entry above 251.
Confirmation of a reversal can come from strong bullish candlesticks forming above the 200 EMA.
Stop Loss:
Below the 200 EMA and the FVG zone. A stop loss around the 215 level could protect the trade if the price fails to hold the support.
Take Profit:
If momentum continues, you can extend your take profit to the next resistance level at
352.05
Volume:
The volume in the lower part of the chart is crucial. Higher volumes near support levels (200 EMA) increase the chances of a successful bounce. Keep an eye on any significant rise in volume, confirming the strength of the move.
This setup offers a potential swing opportunity if the price holds support and resumes an upward trend.
BANKNIFTY still trading in an important ZONE..?As we can see BANKNIFTY is still trading in important zone which previously acted as a SUPPORT and possibly act as a RESISTANCE hence till BANKNIFTY breaks out above 52520, the breakout cannot be confirmed hence it can lead BANKNIFTY to remain sluggish to sideways in coming trading sessions till it breaks the zone leading BANKNIFTY to new ALL TIME HIGH so plan your trades accordingly.
Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906
Reasons to go Long :
1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level.
2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level.
3. Also there is a strong Trendline (marked with green color) which supports the stock.
NIFTY 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.
You are responsible for whatever you do.
Please Give A Like If You Like
NIFTY FIN SERVICE 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.
You are responsible for whatever you do.
Please Give A Like If You Like
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.
You are responsible for whatever you do.
Please Give A Like If You Like
BARBEQUE NATION HOSP. LTD LONG ANALYSIS 13 SEP 24BARBEQUE NATION HOSP. LTD LONG ANALYSIS 13 SEP 24
Trade : Swing
Holding Period : 12-15 months
Pattern formed : Rounding bottom
R/R: 1:3
Bullish levels :
Target 1 : 756.55
Target 2 : 906.45
Target 3 : 1110.05
Target 4 : 1271.05
SL : 450
This tech. analysis is purely for educational purpose only.
we do not recommend any investment as per this analysis.
Nifty Intraday Analysis for 13th September 2024NSE:NIFTY
Index closed near 25390 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
25500 Strike – 36.23 Lakh
25400 Strike – 29.35 Lakh
25450 Strike – 25.90 Lakh
Put Writing
25000 Strike – 53.69 Lakh
24500 Strike – 58.84 Lakh
25200 Strike – 26.25 Lakh
Index has resistance near 25450 – 25500 range and if index crosses and sustains above 25550 level then may reach near 25650 - 25700 range.
Index has immediate support near 25200 – 25150 range and if 24550 support is broken then index may tank near 25000 – 24900 range.
Banknifty Intraday Analysis for 13th September 2024NSE:BANKNIFTY
Index closed near 51770 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
52000 Strike – 16.55 Lakh
53000 Strike – 14.53 Lakh
51500 Strike – 11.29 Lakh
Put Writing
51000 Strike – 18.90 Lakh
50500 Strike – 13.56 Lakh
51500 Strike – 13.39 Lakh
Index has resistance near 52000 – 52100 range and if index crosses and sustains above 52100 level then may reach near 52500 – 52600 range.
Index has immediate support near 51500 – 51400 range and if this support is broken then index may tank near 51000 - 50900 range.
Finnifty Intraday Analysis for 13th September 2024NSE:CNXFINANCE
Index closed near 23945 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
24000 Strike – 6.23 Lakh
24600 Strike – 5.44 Lakh
24500 Strike – 4.73 Lakh
Put Writing
23600 Strike – 5.27 Lakh
23700 Strike – 4.99 Lakh
23200 Strike – 4.61 Lakh
Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24350 range.
Index has immediate support near 23800 – 23700 range and if this support is broken then index may tank near 23550 – 23500 range.
Midnifty Intraday Analysis for 13th September 2024NSE:NIFTY_MID_SELECT
Index closed near 13275 level and Maximum Call and Put Writing near CMP as below in current
weekly contract:
Call Writing
13500 Strike – 13.75 Lakh
13300 Strike – 6.97 Lakh
13350 Strike – 6.45 Lakh
Put Writing
13200 Strike – 13.06 Lakh
13000 Strike – 11.98 Lakh
13100 Strike – 10.31 Lakh
Index has immediate resistance near 13300- 13350 range and if index crosses and sustains above
13350 level then may reach 13450 – 13500 range.
Index has immediate support near 13150 – 13100 range and if this support is broken then index may tank near 12950 – 12900 range.