Finnifty Intraday Analysis for 25th October 2024NSE:CNXFINANCE
Index closed near 23855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24100 Strike – 5.23 Lakh
24000 Strike – 4.26 Lakh
23900 Strike – 4.17 Lakh
Put Writing
23700 Strike – 3.79 Lakh
23800 Strike – 3.32 Lakh
23600 Strike – 3.21 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
Trend Lines
Midnifty Intraday Analysis for 25th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12570 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12700 Strike – 11.18 Lakh
12800 Strike – 10.57 Lakh
12600 Strike – 10.14 Lakh
Put Writing
12400 Strike – 9.91 Lakh
12500 Strike – 9.41 Lakh
12300 Strike – 7.30 Lakh
Index has immediate resistance near 12700 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range.
Index has immediate support near 12400 – 12300 range and if this support is broken then index may tank near 12150 – 12100 range.
Pre Market Analyisis NIFTY 50- 15 oct24Market Analysis NIFTY 50- 25 oct 24 - NIFTY opening 24418 , immediate Support - 24380 - CP + PSY & yellow trendline will also act as support , Below this 24350 -PDL for breakdown if not sustains (but a very strong support area)
RESISTANCE- 24400 itself - Pivot- if sustains can continue bulish till Resistance 1 +PDH - 24488 , also to watch out this level for rejection and downmove continuation , Bullish above this
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
BANKNIFTY - 25th October!Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall.
Support:
-Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further.
- Indicators: Support levels can be identified through historical price data, trend lines, or moving averages.
- Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level.
Resistance:
- Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further.
- Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages.
- Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level.
Importance:
- Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets.
- Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand.
Understanding these concepts can enhance trading strategies and improve decision-making.
MAKE or BREAK day for BANKNIFTY As we can see BANKNIFTY had been the strongest INDEX out of all as it had been trading at our important demand zone. Now we have more one day left for the weekly candle to close for confirmation of trend hence if BANKNIFTY falls and closes below 51000 mark then we may see a new trend which is downtrend else we can see sharp recovery in coming trading sessions so plan your trades accordingly.
BITCOIN IS NOW READY TO MAKE A NEW HIGHER HIGH AFTER BREAKOUTBTCUSD 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
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Nifty Intraday Analysis for 24th October 2024NSE:NIFTY
Index closed near 24435 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 131.29 Lakh
24800 Strike – 78.64 Lakh
24600 Strike – 73.46 Lakh
Put Writing
24000 Strike – 70.06 Lakh
24200 Strike – 57.71 Lakh
24400 Strike – 57.10 Lakh
Index has resistance near 24650 – 23750 range and if index crosses and sustains above this level then may reach near 24900 - 25000 range.
Index has immediate support near 24400 – 24300 range and if this support is broken then index may tank near 24150 – 24050 range.
Banknifty Intraday Analysis for 24th October 2024NSE:BANKNIFTY
Index closed near 51240 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 15.64 Lakh
52500 Strike – 12.92 Lakh
51500 Strike – 11.35 Lakh
Put Writing
51500 Strike – 13.65 Lakh
51000 Strike – 13.65 Lakh
50000 Strike – 9.90 Lakh
Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range.
Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
Finnifty Intraday Analysis for 24th October 2024NSE:CNXFINANCE
Index closed near 23750 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 3.22 Lakh
24200 Strike – 2.41 Lakh
24100 Strike – 2.17 Lakh
Put Writing
23700 Strike – 2.02 Lakh
23800 Strike – 1.82 Lakh
23500 Strike – 1.62 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23600 – 23500 range and if this support is broken then index may tank near 24200 – 24100 range.
Midnifty Intraday Analysis for 24th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12535 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12700 Strike – 10.10 Lakh
12800 Strike – 9.31 Lakh
12600 Strike – 7.76 Lakh
Put Writing
12500 Strike – 10.04 Lakh
12400 Strike – 7.88 Lakh
12300 Strike – 7.17 Lakh
Index has immediate resistance near 12650 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range.
Index has immediate support near 12300 – 12200 range and if this support is broken then index may tank near 12000 – 11900 range.
Private Banks looks goodA triangle breakout might be possible
The Bank from East India is the owner of the then famous Gruh Finance that was a multibagger
But, this has been behaving like a beggar till now
Lets see if this breakout gives investors a chance to make bucks.
NSE:IDFCFIRSTB is another good bank in Private space.
Medanta - Looking solid - expecting a 70% jump Medanta is looking strong to move up by 70%. Other factors:
1. New Hospitals in Mumbai & Noida region
2. Beds capacity to be increased by 83% in next 2-3 years
3. Venturing into guest house / service apartments for providing seamless services to foreign nationals
4. Best TTM results
5. Debt has bee reduced
6. It is on a toward channel so a good value buy. A breakout will take it to heights.
Keep following @cleaneasycharts for more such stocks & analysis as we provide Right Stock at Right Time at Right Price !!
Cheers!!
Pre Market analysis NIFTY 50 - 24 oct24Market Analysis NIFTY 50- 24 oct 24 - NIFTY opening 24412 , immediate Support - 24400 to 24380 - PDL + PSY can be nearest support else 24346 - S1 for Breakdown level
RESISTANCE- 24472 should overcome this for bullish and 24500 strong Resistance to watch out for Level
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
WEEKLY candle is yet to form As we can see, BANKNIFTY can be seen forming more like a head and shoulders pattern in bigger time frame but is still maintained above 51000 psychological level and important demand zone hence unless this weeks candle closes below 51000, the trend won’t change and we can see strong Recovery anytime sooner so plan your trades accordingly.
Nifty Intraday Analysis for 23rd October 2024NSE:NIFTY
Index closed near 24470 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 94.74 Lakh
24800 Strike – 62.23 Lakh
24700 Strike – 49.43 Lakh
Put Writing
24000 Strike – 57.51 Lakh
24500 Strike – 36.60 Lakh
24400 Strike – 33.40 Lakh
Index has resistance near 24700 – 23800 range and if index crosses and sustains above this level then may reach near 24950 - 25000 range.
Index has immediate support near 24450 – 24350 range and if this support is broken then index may tank near 24200 – 24100 range.
Banknifty Intraday Analysis for 23rd October 2024NSE:BANKNIFTY
Index closed near 51260 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 42.56 Lakh
52000 Strike – 40.73 Lakh
518000 Strike – 22.81 Lakh
Put Writing
51000 Strike – 22.27 Lakh
50000 Strike – 20.34 Lakh
50500 Strike – 16.36 Lakh
Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52600 – 52700 range.
Index has immediate support near 51000 - 50900 range and if this support is broken then index may tank near 50500 - 50400 range.
Finnifty Intraday Analysis for 23rd October 2024NSE:CNXFINANCE
Index closed near 23700 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 2.16 Lakh
24200 Strike – 1.00 Lakh
24100 Strike – 0.76 Lakh
Put Writing
24000 Strike – 1.08 Lakh
23700 Strike – 1.07 Lakh
23800 Strike – 0.93 Lakh
Index has resistance near 23950 - 24050 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23500 – 23400 range and if this support is broken then index may tank near 24200 – 24100 range.
Midnifty Intraday Analysis for 23rd October 2024NSE:NIFTY_MID_SELECT
Index closed near 12440 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12700 Strike – 11.98 Lakh
12600 Strike – 5.90 Lakh
12500 Strike – 5.59 Lakh
Put Writing
12400 Strike – 7.09 Lakh
12500 Strike – 6.98 Lakh
12300 Strike – 4.24 Lakh
Index has immediate resistance near 12650 - 12750 range and if index crosses and sustains above this level then may reach 12900 – 13000 range.
Index has immediate support near 12300 – 12200 range and if this support is broken then index may tank near 12000 – 11900 range.