Finnifty Intraday Analysis for 14th October 2024NSE:CNXFINANCE
Index closed near 23615 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 10.79 Lakh
23800 Strike – 9.26 Lakh
24200 Strike – 8.56 Lakh
Put Writing
23100 Strike – 9..50 Lakh
23000 Strike – 8.29 Lakh
23500 Strike – 5.33 Lakh
Index has resistance near 23800 - 23900 range and if index crosses and sustains above this level then may reach near 24100 - 24200 range.
Index has immediate support near 23350 – 23250 range and if this support is broken then index may tank near 24350 – 24450 range.
Trend Lines
Midnifty Intraday Analysis for 14th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12975 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 20.84 Lakh
13200 Strike – 20.58 Lakh
13100 Strike – 10.40 Lakh
Put Writing
12700 Strike – 16.61 Lakh
12800 Strike – 13.89 Lakh
12900 Strike – 12.98 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Bankex - Oct 14In last trading session morning we had movement and afternoon price was moving in a narrow range and consolidated. Also price is at trend line support.
Pattern : Support/resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 58300.
Stop Loss : 58220.
Targets : 58380, 58480, 58560, 58640 and 58720.
Sell below : 58100.
Stop Loss : 58200.
Targets : 58020, 57900 ,57800,57720 and 57620.
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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.
Nifty50 Index: Analysis of Potential Next LevelsIf you closely observe the daily chart for the Nifty50 Index, you’ll notice that Nifty is currently at a long-term support level. Considering the selling pressure and the recent closing candle at this support, Nifty appears set to complete its corrective move towards the 25,400-25,500 range. Following this, there is a possibility that Nifty may fall below 25,000, reaching the next support level around 24,400, which aligns with the lower boundary of a larger channel.
This movement aligns with a historical pattern where, at the end of each year, particularly during October-November, the market tends to correct significantly before rallying by 10-15% until February-March.
Another factor influencing this scenario is the expected year-end behavior of Foreign Institutional Investors (FIIs). Historically, FIIs book profits and take extended vacations around Christmas. For this reason, they tend to seek better price points to invest significant sums before the year-end, and a market correction provides the opportunity to buy at more favorable levels.
Your thoughts and feedback are welcome, as they will help me improve my analysis. Thank you, and let's stay prepared for what lies ahead!
ETHUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDETHUSD 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
that will help you to to become a bettertrader
thank you
BTCUSD SHOWING A GOOD UP MOVE WITH 1:6 RISK REWARDBTCUSD SHOWING A GOOD D
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
that will help you to to become a bettertrader
thank you
Midcap Nifty - Oct 14Price was moving in a range on friday and now it is at important trend direction deciding zone 13000.
Buy above 13040 with the stop loss of 13000 for the targets 13080, 13120, 13160 and 13200.
Sell below 12960 with the stop loss of 13000 for the targets 12920, 12880 and 12840.
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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.
Hot Stock Alert: TCS Poised for a Breakout – Key Levels to Watch • Current Price: The stock is trading at ₹4,149.20, down by 1.85%.
• Key Levels:
• TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level.
• TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached.
• Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the chart.
• Stop Loss: ₹3,590.50 – a critical level to limit losses if the stock price falls below this point.
• Trendline: A green ascending trendline supports the idea that TCS has been in an upward trend since 2023, indicating that this is a correction within a larger bullish trend.
This setup is likely targeting short- to mid-term traders, with well-defined entry, stop-loss, and take-profit levels.
Nifty Intraday Analysis for 11th October 2024NSE:NIFTY
Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25000 Strike – 39.93 Lakh
25500 Strike – 32.55 Lakh
25200 Strike – 29.59 Lakh
Put Writing
25000 Strike – 46.75 Lakh
24900 Strike – 19.80 Lakh
25100 Strike – 15.98 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.
Banknifty Intraday Analysis for 11th October 2024NSE:BANKNIFTY
Index closed near 51530 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
52000 Strike – 16.83 Lakh
51500 Strike – 14.28 Lakh
52500 Strike – 11.75 Lakh
Put Writing
51000 Strike – 17.98 Lakh
50500 Strike – 11.73 Lakh
51500 Strike – 11.70 Lakh
Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
Index has immediate support near 50750 – 50650 range and if this support is broken then index may tank near 50200 - 50100 range.
Finnifty Intraday Analysis for 11th October 2024NSE:CNXFINANCE
Index closed near 23765 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 7.39 Lakh
24500 Strike – 5.88 Lakh
24300 Strike – 5.58 Lakh
Put Writing
23500 Strike – 4.79 Lakh
23600 Strike – 3.29 Lakh
23700 Strike – 3.08 Lakh
Index has resistance near 23900 - 24000 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range.
Index has immediate support near 23350 – 23250 range and if this support is broken then index may tank near 24350 – 24450 range.
Midnifty Intraday Analysis for 11th October 2024NSE:NIFTY_MID_SELECT
Index closed near 12915 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
13000 Strike – 18.42 Lakh
13200 Strike – 10.80 Lakh
13100 Strike – 9.95 Lakh
Put Writing
13000 Strike – 9.93 Lakh
12800 Strike – 7.47Lakh
12700 Strike – 6.44 Lakh
Index has immediate resistance near 13000 - 13100 range and if index crosses and sustains above this level then may reach 13250 – 13350 range.
Index has immediate support near 12850 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
Parag Milk Foods - Trend Line BO & CUP & Handle in formation Parag Milk Foods is one of the few listed companies in milk space. With strong presence in Cheese & Ghee segment, this stock should give fabulous returns. Other factors:
1. Weekly trend-line Breakout
2. Cup & Handle Formation on weekly time frame
3. Volumes are steady
4. Price is respecting 20 EMA
5. Future growth prospects looking good.
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AWHCL: A bullish pennant breakoutAWHCL has recently exhibited a breakout from a bullish pennant pattern on the daily chart. The breakout from the bullish pennant pattern is characterized by a significant price movement beyond the upper boundary of the pennant. This breakout is often seen as a signal of a strong buying interest and can lead to sustained upward price action.
The stock has closed above the previous week's high, a critical technical level that reinforces the positive outlook. This closure suggests increased buying pressure and establishes a strong foundation for potential growth.
AWHCL presents an attractive opportunity within the demand zone of 760-770. This area has historically demonstrated robust buying interest, indicating a potential reversal or support point for the stock. Based on current price action, the next discernible supply zone is projected to be around the 899 level. This zone may act as a resistance point where profit-taking could occur, thus requiring careful monitoring as the stock approaches this area. Based on the technical setup, AWHCL has the potential for an approximate 15% upside from the demand zone. A prudent stop-loss level may be below 731 to mitigate risk in case of adverse price movement.
Disclaimer: The information provided in this technical analysis report is for informational and educational purposes only and should not be interpreted as financial advice. Investors are encouraged to conduct their own comprehensive research or consult with a financial advisor before making any investment decisions.
Nifty Intraday Analysis for 10th October 2024NSE:NIFTY
Index closed near 24980 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
25500 Strike – 121.02 Lakh
25200 Strike – 83.21 Lakh
25300 Strike – 75.18 Lakh
Put Writing
24500 Strike – 24.98 Lakh
25000 Strike – 48.72 Lakh
24800 Strike – 43.97 Lakh
Index has resistance near 25250 – 25300 range and if index crosses and sustains above this level then may reach near 25500 - 25600 range.
Index has immediate support near 24800 – 24700 range and if this support is broken then index may tank near 24550 – 24500 range.