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Finnifty Intraday Analysis for 10th October 2024NSE:CNXFINANCE Index closed near 23545 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 3.44 Lakh 23700 Strike – 2.37 Lakh 23800 Strike – 2.26 Lakh Put Writing 23500 Strike – 2.31 Lakh 23600 Strike – 1.41 Lakh 23700 Strike –1.25 Lakh Index has resistance near 23750 - 23850 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 23100 – 23000 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 10th 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 – 10.89 Lakh 13200 Strike – 5.46 Lakh 13200 Strike – 4.65 Lakh Put Writing 13000 Strike – 9.30 Lakh 12700 Strike – 8.18 Lakh 12800 Strike – 6.92 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.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty Analysis for Long Term View Previous Bullish View (4th October) Strong candle closed on the trendline Nifty moved up 200 points post-closure Current Scenario Reversal occurred Closed below the trendline Trendline currently acting as resistance Bullish Scenario Requirements Nifty needs to make a strong close above the trendline Key Points for Traders Watch for a convincing break and close above the trendline Monitor volume on bullish moves Be cautious of false breakouts; confirm with subsequent price action Consider the broader market context and any upcoming economic events
NSE:NIFTY
by DragonFly-Trading
Diverse Trading Strategies for UGRO Capital LtdUGRO Capital Ltd is currently exhibiting a symmetrical triangle pattern, characterized by converging trend lines drawn in black. This technical formation is indicative of a potential continuation or reversal pattern, often signaling an impending breakout, either upward or downward. Within this chart pattern, the upper trend line serves as a short-term resistance zone, while the price action has encountered difficulties in surpassing this level. A counter-trendline, represented by a dotted black line, suggests an attempt to break free from the prevailing downtrend; however, the stock continues to face resistance from the upper trend line. The stock has demonstrated notable resilience, establishing multiple support points, clearly identified by the blue line on the chart. These instances of price bounces indicate a consistent level of buying interest and present evidence of the stock's strength. The formation of higher lows during this period signifies a bullish sentiment, suggesting the potential for upward price movement. MACD & RSI values also denotes strong buying pressure and suggests a significant potential for price reversal. Recent trading activity shows a significant surge in volume over the past two days, substantially exceeding the average trading volumes. This spike is a critical sign of accumulating buying pressure, further supporting the bullish outlook for UGRO Capital Ltd . Increased volume during price ascents often serves as confirmation of the strength of the momentum. While the current technical indicators present a constructive outlook, a definitive breakout can only be confirmed when the stock price successfully clears the upper trend line resistance. Upon achieving this milestone, the next target of interest will likely be the established resistance level at 299, which could be revisited in the foreseeable future if bullish momentum continues. Disclaimer: The information provided in this analysis is purely for informational and educational purposes and should not be construed as financial advice. Investors are strongly encouraged to consult with a qualified financial advisor or conduct thorough research prior to making any investment decisions.
NSE:UGROCAPLong
by NiftyNotions
A decending triangle patterns showing on BITCOIN 1:10 RRA decending triangle patterns showing on BITCOIN A short term 15m tradeing setup showing on BITCOIN Selling setup With a risk reward ratio of 1:10 The setup giving clarity to selling because in longterm it's a Down TREND Also in a pick top lable And forming a DOWN setup So according to the combine results of 15minit 1hour and daily chat And the short term setup All are of them indicating the same SELLING SETUP Also cryptocurrencies are follows priseaction in a good way Follow for more please don't use more than one percentage of your capital Follows risk reward Tradeing rules And be deceplened Try to be a better trader Love you all❤️
CRYPTO:BTCUSDShort
by tradergyan01
Nifty Intraday Analysis for 09th October 2024NSE:NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 74.85 Lakh 25200 Strike – 57.99 Lakh 25000 Strike – 51.68 Lakh Put Writing 25000 Strike – 44.03 Lakh 24500 Strike – 43.71 Lakh 24800 Strike – 31.21 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.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 09th October 2024NSE:BANKNIFTY Index closed near 51020 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 31.59 Lakh 51500 Strike – 22.20 Lakh 51000 Strike – 21.50 Lakh Put Writing 50000 Strike – 25.60 Lakh 51000 Strike – 20.82 Lakh 50500 Strike – 17.98 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 50500 – 50400 range and if this support is broken then index may tank near 49900 - 49800 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 09th October 2024NSE:CNXFINANCE Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 26.88 Lakh 24000 Strike – 18.86 Lakh 23700 Strike – 13.57 Lakh Put Writing 23500 Strike – 1.03 Lakh 23000 Strike – 0.80 Lakh 23300 Strike – 0.72 Lakh Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23250 – 23100 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 09th October 2024NSE:NIFTY_MID_SELECT Index closed near 12875 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 6.90 Lakh 12900 Strike – 4.68 Lakh 12800 Strike – 4.68 Lakh Put Writing 12800 Strike – 8.66 Lakh 12700 Strike – 5.25 Lakh 12600 Strike – 5.10 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 12750 – 12650 range and if this support is broken then index may tank near 12550 – 12500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
MCX Natural Gas Analysis for medium termMCX:NATURALGAS1! looks bullish. If we look at the daily chart carefully, we will see it retraced a lot and tested 125. Then it is mostly a range bound from 140 to 280. Now this 280 level is also the 23% Fib retracement level. Around this level the price hits already 5 times, after breakdown almost one and half year back. However this time it has created a W pattern. (or one can say a rounding bottom pattern). After testing the 280 level in one week back, it retraces back a bit and most likely creating a nice Cup and Handle pattern. Here are the expectations: NG will test 280 level once more. After that if it able to brakes it out 280, it will go to test the next resistance. The next resistance is 400 level, positionally. Also fundamentally, per the estimation of International Energy Agency (IEA) Global Gas Security Review, the Natural Gas demand is forecasted to rise by over 2.5 per cent in 2024, with similar growth expected in 2025. And it will be steady for next few years even with 1.5 degree Paris Weather convocation. So stay alert. Above 280 sustains means it's a Buy on Dip on Natural Gas. Till then: Wait and Watch.
MCX:NATURALGAS1!Long
by pradipandsuvra
Nifty Intraday Analysis for 08th October 2024NSE:NIFTY Index closed near 24795 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 68.80 Lakh 25000 Strike – 48.35 Lakh 25200 Strike – 41.66 Lakh Put Writing 24500 Strike – 34.14 Lakh 25000 Strike – 25.91 Lakh 24800 Strike – 24.78 Lakh Index has resistance near 25000 – 25100 range and if index crosses and sustains above this level then may reach near 25300 - 25400 range. Index has immediate support near 24600 – 24500 range and if this support is broken then index may tank near 24300 – 24200 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 08th October 2024NSE:BANKNIFTY Index closed near 50480 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 52000 Strike – 30.57 Lakh 51500 Strike – 17.12 Lakh 51000 Strike – 10.47 Lakh Put Writing 50000 Strike – 16.18 Lakh 50500 Strike – 11.86 Lakh 51000 Strike – 11.49 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52800 – 53000 range. Index has immediate support near 50100 – 50000 range and if this support is broken then index may tank near 49600 - 49500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 08th October 2024NSE:CNXFINANCE Index closed near 23220 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 26.88 Lakh 23800 Strike – 18.86 Lakh 23500 Strike – 13.57 Lakh Put Writing 23000 Strike – 19.37 Lakh 23200 Strike – 8.71 Lakh 23100 Strike – 8.37 Lakh Index has resistance near 23650 - 23750 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 22950 – 22800 range and if this support is broken then index may tank near 22650 – 22550 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 08th October 2024NSE:NIFTY_MID_SELECT Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 13000 Strike – 3.78 Lakh 12900 Strike – 2.89 Lakh 12800 Strike – 2.64 Lakh Put Writing 12500 Strike – 4.69 Lakh 12600 Strike – 3.47 Lakh 12700 Strike – 2.29 Lakh Index has immediate resistance near 12850 - 12950 range and if index crosses and sustains above this level then may reach 13150 – 13250 range. Index has immediate support near 12500 – 12450 range and if this support is broken then index may tank near 12350 – 12300 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDXAUUSD 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
FX:XAUUSDShort
by tradergyan01
1
BANKNIFTY couldn’t sustain above 51000 levels! What’s next? The recent breach of the 51,000 psychological level and important demand zone in BANKNIFTY suggests a potential downward trend. Here are some key points to consider regarding the next support levels: 1. **Immediate Support Levels**: - **49,700**: This level is highlighted as a critical support zone by several analysts. A break below this level could intensify the prevailing weakness. - **49,650**: This is another significant support level, as it represents a previous swing low that the index defended in recent sessions. 2. **Key Resistance Levels**: - **50,900**: This level is identified as a strong resistance zone. If BANKNIFTY crosses and sustains above this level, it could witness buying, leading the index toward 51,250-51,500 levels. 3. **Market Sentiment**: - The current sentiment suggests that if BANKNIFTY breaks above 50,000, it could see sharp short covering towards 50,500/51,000 levels. - The undertone remains bullish, and traders are advised to adopt a buy-on-dip approach with support at 49,000. 4. **Option Chain Analysis**: - The highest open interest is built up on the call side at 50,000, indicating that call writers are defending this level. Given these points, the next important support level after breaching 51,000 is indeed around 49,700, which aligns with previous swing lows and is a critical demand zone. The index's behavior around these levels will be crucial in determining its short-term direction.
NSE:BANKNIFTY
by Wealthcam
Nifty Intraday Analysis for 07th October 2024NSE:NIFTY Index closed near 25015 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 54.69 Lakh 25400 Strike – 45.57 Lakh 25200 Strike – 32.84 Lakh Put Writing 25000 Strike – 34.67 Lakh 24500 Strike – 33.52 Lakh 24800 Strike – 21.70 Lakh Index has resistance near 25300 – 22500 range and if index crosses and sustains above 26100 level then may reach near 25600 - 25700 range. Index has immediate support near 24850 – 24750 range and if this support is broken then index may tank near 24600 – 24500 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 07th October 2024NSE:BANKNIFTY Index closed near 51460 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 31.85 Lakh 52500 Strike – 22.36 Lakh 52000 Strike – 20.25 Lakh Put Writing 50500 Strike – 15.76 Lakh 51000 Strike – 13.40 Lakh 51500 Strike – 11.99 Lakh Index has resistance near 53200 – 53300 range and if index crosses and sustains above 53300 level then may reach near 53600 – 53800 range. Index has immediate support near 51100 – 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 07th October 2024NSE:CNXFINANCE Index closed near 23620 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 10.72 Lakh 24200 Strike – 9.80 Lakh 24100 Strike – 6.79 Lakh Put Writing 23400 Strike – 5.06 Lakh 23500 Strike – 3.05 Lakh 23600 Strike – 2.92 Lakh Index has resistance near 24000 - 24100 range and if index crosses and sustains above 24100 level then may reach near 24300 - 24400 range. Index has immediate support near 23450 – 24350 range and if this support is broken then index may tank near 23200 – 23100 range.
NSE:CNXFINANCE
by RKMAURYA