A clear play on Auto sales and the Bajaj GroupThis was the original Bajaj entity, now restructured into a holding company that supports Bajaj Auto and other family businesses. I believe it’s a PPFAS favourite and a low-risk stock. With new measures removing holding company discounts, it stands to benefit significantly from the upcoming favourable market conditions.
Trend Lines
We are still above 51000 mark As we can see despite the fall, the trend doesn’t seems to be changing as the psychological level is still protected and price is sustained above. Following our view, we can still expect BANKNIFTY to reverse anytime sooner if the level is not broken which would lead to change of trend so plan your trades accordingly as this weeks candle is going to be very crucial.
Nifty Intraday Analysis for 22nd October 2024NSE:NIFTY
Index closed near 24780 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 81.11 Lakh
25500 Strike – 57.30 Lakh
24800 Strike – 48.01 Lakh
Put Writing
24000 Strike – 50.80 Lakh
24500 Strike – 35.15 Lakh
24800 Strike – 32.75 Lakh
Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range.
Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24500 – 24450 range.
Banknifty Intraday Analysis for 22nd October 2024NSE:BANKNIFTY
Index closed near 51965 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52500 Strike – 36.79 Lakh
53000 Strike – 25.63 Lakh
52000 Strike – 24.77 Lakh
Put Writing
51000 Strike – 26.39 Lakh
51500 Strike – 25.88 Lakh
52000 Strike – 17.73 Lakh
Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 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 22nd October 2024NSE:CNXFINANCE
Index closed near 23955 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 21.67 Lakh
24100 Strike – 16.77 Lakh
24200 Strike – 16.75 Lakh
Put Writing
23400 Strike – 16.47 Lakh
23500 Strike – 16.07 Lakh
23700 Strike – 13.18 Lakh
Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.
Midnifty Intraday Analysis for 22nd October 2024NSE:NIFTY_MID_SELECT
Index closed near 12695 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 9.08 Lakh
12800 Strike – 5.29 Lakh
12900 Strike – 5.05 Lakh
Put Writing
12700 Strike – 7.46 Lakh
12500 Strike – 5.45 Lakh
12600 Strike – 3.90 Lakh
Index has immediate resistance near 12900 - 13000 range and if index crosses and sustains above this level then may reach 13150 – 13200 range.
Index has immediate support near 12600 – 12500 range and if this support is broken then index may tank near 12400 – 12300 range.
ETHUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDETHUSD 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
Market analysis 22 oct 24- NIFTY 50Market Analysis NIFTY 50- 22 oct 24 - NIFTY opening 24798 opening near support + PSY +CP - 24785 and support from yellow trendline as shown which - should sustain bullish , can take SUPPORT from dip - 24753 (liquidity) if not hold can head to 24679 -PDL and bearish below that (2nd support)
RESISTANCE 24870 and level to watch to get rejection- 24938
#NIFTY #niftyanalysis #nifty50 #niftyprediction #banknifty #stockmarket #marketanalysis #nifty scalping #niftyview #niftyscalping #scalping #stockmarketview
XAUUSD - YehYehTrade - 22/10/2024The current market trend is bullish, but we can still look for buying and selling opportunities in areas with high trading volume. Wait for confirmation on smaller timeframes and pay attention to the volume in those zones. If accompanied by significant volume, we can enter a trade. Good luck!
immense VOLATILITY but the view remains the same!As we can see despite the strong opening BANKNIFTY fell over 600++ points which wasn’t directional. Nevertheless we will stick to our analysis of buying the dip till the psychological is broken below for the change in trend so plan your trades accordingly.
Nifty Intraday Analysis for 21st October 2024NSE:NIFTY
Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 53.45 Lakh
25500 Strike – 42.62 Lakh
25100 Strike – 31.69 Lakh
Put Writing
24500 Strike – 37.52 Lakh
24800 Strike – 33.90 Lakh
24700 Strike – 32.87 Lakh
Index has resistance near 24900 – 25000 range and if index crosses and sustains above this level then may reach near 25150 - 25200 range.
Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24500 – 24450 range.
Banknifty Intraday Analysis for 21st October 2024NSE:BANKNIFTY
Index closed near 55095 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
53000 Strike – 18.59 Lakh
52500 Strike – 17.11 Lakh
52000 Strike – 15.82 Lakh
Put Writing
51500 Strike – 27.49 Lakh
51000 Strike – 23.92 Lakh
52000 Strike – 14.04 Lakh
Index has resistance near 52500 – 52600 range and if index crosses and sustains above this level then may reach near 53000 – 53200 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 21st October 2024NSE:CNXFINANCE
Index closed near 23940 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 12.57 Lakh
24300 Strike – 5.98 Lakh
24100 Strike – 5.76 Lakh
Put Writing
23700 Strike – 9.40 Lakh
23500 Strike – 7.60 Lakh
23600 Strike – 7.58 Lakh
Index has resistance near 24050 - 24100 range and if index crosses and sustains above this level then may reach near 24250 - 24300 range.
Index has immediate support near 23700 – 23650 range and if this support is broken then index may tank near 24500 – 24450 range.
Midnifty Intraday Analysis for 21st October 2024NSE:NIFTY_MID_SELECT
Index closed near 13035 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13200 Strike – 27.60 Lakh
13500 Strike – 24.35 Lakh
13250 Strike – 18.54 Lakh
Put Writing
13000 Strike – 18.80 Lakh
12800 Strike – 16.56 Lakh
12900 Strike – 13.70 Lakh
Index has immediate resistance near 13150 - 13250 range and if index crosses and sustains above this level then may reach 13350 – 13400 range.
Index has immediate support near 12900 – 12950 range and if this support is broken then index may tank near 12800 – 12750 range.
ASTRAL NSE DTF SWINGASTRAL SWING Analysis
TRADE PLAN
ENTRY : 1890 50%Qty. ADD 50% Abofe 2050 DTF Close
SL : 1860
TGT- 2000
Time frame @1 to 3months
ASTRAL on DTF had a RESISTANCE trendline on breaking this and Retest make entry.
Price is trading below the 20EMA and the the sequence of 200 to 20EMA is inverted indicating a bearish Trend is prevalent.
The stock currently trading is at the base of proable Wyckoff accumulation Phase.
A bearish Orderblock is seen at 2050 levels. Add 50% when price BO and closes above this level.
3rd Quarter results this weekend wait for declared and then entry on breakouts.
Standard disclaimer apply.
USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 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
DCAL: Symmetrical Triangle Pattern BreakoutDCAL has recently exhibited a noteworthy breakout from a symmetrical triangle pattern on the daily timeframe, accompanied by a corresponding increase in trading volume. The stock price has successfully breached the upper trendline of the symmetrical triangle, a development that is often indicative of bullish momentum. Such a breakout, supported by substantial volume, suggests a likely continuation of upward price movement.
The MACD signal line has crossed above the MACD line, a bullish signal that reinforces the potential for further upward price action. This crossover indicates increasing momentum and buying strength. The RSI is currently reading above 85, suggesting that the stock is in overbought territory. While this may indicate strong buying interest, it is also a signal to monitor for potential overextension in the price movement.
Based on the current technical indicators and chart patterns, a position around the price level of 194 . A stop-loss order is suggested at 180 to manage risk effectively. The target price for this trade is estimated at 223 , providing a favourable risk-reward ratio of approximately 1:2.
Disclaimer: This technical analysis report is provided for informational and educational purposes only. It should not be interpreted as financial advice or a recommendation to buy or sell any security. Individuals should conduct their own thorough research and/or consult with a financial advisor before making any investment decisions.
SAIL Bullish setup for 1:4 risk reward Metal sector is near reversal, it has retested breakout level of 9493.
SAIL Also retested the breakout and made reversal with strong volume candle.
SWING TRADE
Buy SAIL
Above 131
Stop Loss: 125
Target 1 (1:2) 142
Target 2 (1:3) 148
Target 3 (1:4) 153
Duration 3-4 months
Trade as per your risk-taking capacity