Trend Lines
NIFTY MID SELECT FOR 05 AUG#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
SENSEX FOR 05 AUG#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
SENSEX FOR 02 AUG#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
BANKNIFTY 02 AUG#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
NYKAA : Decent breakout with good volume accumulationNYKAA is showing good momentum breakout of previous resistance.
🔰 It can rise upto the ipo highs in near future.
🟩 Range : 190-200
🎯 Target : 240 / 300 / 400
🛑 Stop : below 145 (wcb)
⚠️ Disclaimer : This is not a buy/sell recommendation. It's only a view for an educational purposes.
Nifty Intraday Analysis for 01st August 2024NSE:NIFTY
Index closed near 24950 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 99.62 Lakh
25200 Strike – 82.24 Lakh
25000 Strike – 74.36 Lakh
Put Writing
24500 Strike – 95.75 Lakh
24400 Strike – 70.81 Lakh
24800 Strike – 55.95 Lakh
Index has resistance near 25000 – 25100 range and if index crosses and sustain above 25100 level then may reach near 25250 - 25300 range.
Index has immediate support near 24750 – 24700 range and if 24700 support is broken then index may tank near 24600 – 24500 range.
Banknifty Intraday Analysis for 01st August 2024NSE:BANKNIFTY
Index closed near 51555 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
51500 Strike – 10.06 Lakh
52000 Strike – 9.63 Lakh
53000 Strike – 8.71 Lakh
Put Writing
51500 Strike – 10.51 Lakh
50000 Strike – 6.84 Lakh
51000 Strike – 6.75 Lakh
Index has resistance near 51900 – 52000 range and if index crosses and sustain above 52000 level then may reach near 52350 – 52500 range.
Index has immediate support near 51200 – 51000 range and if this support is broken then index may tank near 50600 – 50400 range.
Finnifty Intraday Analysis for 01st August 2024NSE:CNXFINANCE
Index closed near 23410 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 4.07 Lakh
24000 Strike – 3.47 Lakh
23400 Strike – 2.45 Lakh
Put Writing
23400 Strike – 3.86 Lakh
23500 Strike – 2.15 Lakh
23000 Strike – 2.13 Lakh
Index has resistance near 23600 - 23700 range and if index crosses and sustain above 23700 level then may reach near 23800 - 23900 range.
Index has immediate support near 23200 – 23100 range and if this support is broken then index may tank near 22950 – 22850 range.
Midnifty Intraday Analysis for 01st August 2024Index closed near 12945 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 7.70 Lakh
12900 Strike – 7.35 Lakh
12800 Strike – 5.37 Lakh
Put Writing
12800 Strike – 11.63 Lakh
12900 Strike – 9.36 Lakh
12700 Strike – 5.63 Lakh
Index has immediate resistance near 12975 – 13025 range and if index crosses and sustain above 13025level then may reach near 13200 level.
Index has immediate support near 12820 – 12775 range and if this support is broken then index may tank near 12650 – 12600 range.
SENSEX FOR 01 AUG#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 MID SELECT FOR 01 AUG#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 01 AUG Educational Post- Best to wait and let it settleHow to find Support /Resistance of a INDEX in 15m time intervail
From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels.
As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.)
In this example, the INDEX level shown
The other reason to use this index as reference is because other index from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward.
#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 FIN SERVICE FOR 01 AUG#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
BANKNIFTY 01 AUG Educational Post-Momentum Trading Picks
1. The Index encountered several rejections around the drawn level, leading to a significant correction in price.
2. Eventually, it found support near the level and began to climb upwards.
3. During this upward movement, a Bullish emerged in the options price chart, suggesting a potential continuation of the trend.
4. Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.
#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
Trendline breakout in Jubilant IngreviaJubilant Ingrevia is a multibagger stock from 2021-22 bull run which has now corrected to a fair value.
The stock has given a trendline breakout as well as a breakout from a supply zone with good volumes. Also, the stock is already forming higher highs, higher low,. Keep this stock in watchlist as the next supply zone is at 500-510 levels.
However, this is a very risky stock to invest and the next strong support is deep near 390-400 levels. One can try to buy the dip near 425 for a better risk reward .
Note:-Idea has been shared for educational purposes and should not be considered as a recommendation.