BANKNIFTY at MAKE or BREAK level.As we can see BANKNIFTY had been in rising wedge pattern for quite some time now with both sides has been tested multiple times making it weak hence till BANKNIFTY maintains itself within the zone, the pattern indicates further bearishness in coming trading sessions. so plan your trades accordingly
Trend Lines
BANKNIFTY Breakout with a good upside potentialHello traders today i want to share an Educational post about Opening range breakout a very common and old strategy used by many traders and it's still pretty effective
Good breakout is observed in the 15m timeframe. This index is a fantastic compounder and has excellent fundamentals and technicals.
There is an immediate upside
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
NIFTY FIN SERVICE FOR 04 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.
Please Give A Like If You Like
NIFTY FOR 04 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.
Please Give A Like If You Like
Nifty Intraday Analysis for 3rd September 2024NSE:NIFTY
Index closed near 25280 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 81.58 Lakh
25300 Strike – 66.42 Lakh
25700 Strike – 60.73 Lakh
Put Writing
25000 Strike – 61.28 Lakh
24500 Strike – 55.80 Lakh
24800 Strike – 45.06 Lakh
Index has resistance near 25350 – 25375 range and if index crosses and sustain above 25375 level then may reach near 25500 - 25600 range.
Index has immediate support near 25175 – 25125 range and if 25125 support is broken then index may tank near 25000 – 24900 range.
Banknifty Intraday Analysis for 3rd September 2024NSE:BANKNIFTY
Index closed near 51440 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 39.33 Lakh
52000 Strike – 27.97 Lakh
53000 Strike – 24.38 Lakh
Put Writing
51000 Strike – 25.96 Lakh
51500 Strike – 21.59 Lakh
51400 Strike – 17.62 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustain above 51600 level then may reach near 52000 – 52100 range.
Index has immediate support near 51100 – 51000 range and if this support is broken then index may tank near 50500 - 49400 range.
Finnifty Intraday Analysis for 3rd September 2024NSE:CNXFINANCE
Index closed near 23730 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 31.78 Lakh
23800 Strike – 21.37 Lakh
23700 Strike – 16.40 Lakh
Put Writing
23500 Strike – 22.16 Lakh
23600 Strike – 20.69 Lakh
23700 Strike – 18.98 Lakh
Index has resistance near 23850 - 23750 range and if index crosses and sustain above 23850 level then may reach near 23950 - 24000 range.
Index has immediate support near 23650 – 23600 range and if this support is broken then index may tank near 23350 – 23300 range.
Midnifty Intraday Analysis for 3rd September 2024NSE:NIFTY_MID_SELECT
Index closed near 13150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 6.60 Lakh
13300 Strike – 6.16 Lakh
13500 Strike – 5.75 Lakh
Put Writing
13200 Strike – 7.40 Lakh
12900 Strike – 4.57 Lakh
13100 Strike – 4.37 Lakh
Index has immediate resistance near 13200 - 13250 range and if index crosses and sustain above 13250 level then may reach 13450 – 13500 range.
Index has immediate support near 13100 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
Bank Nifty - Sep 4Price consolidated in the morning session and gave break out in the afternoon session. Price has closed above the trend line.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 51640.
Stop Loss : 51560.
Targets : 51720, 51800, 51880, 51940 and 52040.
Sell below : 51440.
Stop Loss : 51520.
Targets : 51360, 51280, 51200, 51120 and 51020.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
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.
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDGOLD 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
SBICARD Looks good...SBICARD looks good for reversal in weekly chart.
Can Accumulate between 700-750 zone. Might reach channel upper line in coming years. Targets are given.
Stoploss for longtermInvestors is given.
Note : No idea about fundamentals. View is completely based on technical view of chart.
Bharti AirtelPrice is facing resistance at 1600 zone and now it is having profit booking/pull back move.
1560 is a support area.
Buy above 1566 with the stop loss of 1558 for the targets 1574, 1582, 1590 and 1598.
Sell below 1550 with the stop loss of 1558 for the targets 1542, 1534, 1526 and 1518.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
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.
BANKNIFTY still looks weak..as we can see BANKNIFTY remained sideways to negative as we had been analysing since past few days that BANKNIFTY had been in rising wedge pattern which is more like a bearish pattern hence break of the structure could lead to a big directional fall hence was long as BANKNIFTY maintain itself within the structure it can remain sideways to negative till it finally breaks below for a bigger fall so plan your trades accordingly
Nifty Intraday Analysis for 2nd September 2024NSE:NIFTY
Index closed near 25150 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
26000 Strike – 66.06 Lakh
25700 Strike – 43.96 Lakh
25800 Strike – 40.23 Lakh
Put Writing
25200 Strike – 63.50 Lakh
25000 Strike – 59.46 Lakh
25100 Strike – 39.45 Lakh
Index has resistance near 25500 – 25550 range and if index crosses and sustain above 25550 level then may reach near 25700 - 25800 range.
Index has immediate support near 25100 – 25000 range and if 25000 support is broken then index may tank near 24800 – 24750 range.
Banknifty Intraday Analysis for 2nd September 2024NSE:BANKNIFTY
Index closed near 51350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 27.27 Lakh
52000 Strike – 24.99 Lakh
51400 Strike – 15.90 Lakh
Put Writing
51000 Strike – 21.54 Lakh
50800 Strike – 14.24 Lakh
51500 Strike – 13.76 Lakh
Index has resistance near 51500 – 51600 range and if index crosses and sustain above 51600 level then may reach near 52000 – 52100 range.
Index has immediate support near 51000 – 50900 range and if this support is broken then index may tank near 50500 - 49400 range.
Finnifty Intraday Analysis for 2nd September 2024NSE:CNXFINANCE
Index closed near 23640 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23700 Strike – 10.99 Lakh
24000 Strike – 10.21 Lakh
23800 Strike – 7.74 Lakh
Put Writing
23500 Strike – 7.91 Lakh
23600 Strike – 7.69 Lakh
23400 Strike – 6.43 Lakh
Index has resistance near 23850 - 23750 range and if index crosses and sustain above 23850 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 23350 – 23300 range.
Midnifty Intraday Analysis for 2nd September 2024NSE:NIFTY_MID_SELECT
Index closed near 13160 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13500 Strike – 23.40 Lakh
13200 Strike – 18.90 Lakh
13300 Strike – 15.29 Lakh
Put Writing
13000 Strike – 28.12 Lakh
13100 Strike – 25.52 Lakh
13150 Strike – 13.90 Lakh
Index has immediate resistance near 13200 - 13300 range and if index crosses and sustain above 13300 level then may reach 13450 – 13500 range.
Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
JIOFIN - Falling Channel Breakout- Daily JIOFIN - Falling Channel Breakout - Daily
Name - JIOFIN
Pattern - Falling Channel
Timeframe - Daily
Status - Breakout
Volume - Good
Cmp - 344.9
Target - 386
SL - 337.5
Pattern: Falling Channel
Fundamentals:
Here are some key financial ratios for Jio Financial Services Ltd. (JIOFIN):
Price to Earnings (P/E) Ratio: 139.82 - very high
Price to Book (P/B) Ratio: 1.61
Price to Sales (P/S) Ratio: 121.02
Enterprise Value to EBITDA (EV/EBITDA) Ratio: 134.42
Return on Equity (ROE): 1.15%
Return on Assets (ROA): 1.11%
Net Profit Margin: 77.83%
Operating Profit Margin: 81.12%
EBITDA Margin: 97.49%
Debt to Equity Ratio: 0 (debt-free)
Quick Ratio: 2513.46