Best FVG Area to be played out soon by SMART MONEY8yrs + On Candle Charts. Feel free to Discuss for Better Financial and chart recomendationShortby NRB007111
Nifty trades and targets for - 21/11/24Hello Everyone. The market was in a bearish mode today. If the market opens flat then we can see continuation of trend. If it opens gap up then we need to see the resistance level to break before looking for CE trades. If it opens gap down then look for PE trades after support zone is broken. Let the market settle in first 15 to 30 minutes then look for directional trades. Book profits every 50 points as we are getting very few trending moves. by GOPISRI2
BankNifty Intraday Support & Resistance Levels for 21.11.2024On Tuesday, BankNifty opened gap-up, broke the 15m resistance zone, and rallied to a high of 50,983.50, meeting the anticipated resistance range of 50,725 - 51,000. However, during the last trading hour, it gave up all its gains and hit a day low of 50,440.85, eventually closing at 50,626.50, up by 262 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Support (Daily): 49,654.65 - 49,959.25 (already touched twice) Far Support: 49,282.65 (61.8% Fibonacci level) Far Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Resistance (30m): 50,774.35 - 50,876.45 Far Resistance (30m): 51,586.35 - 51,874.70 Far Resistance (Daily): 51,562.70 - 52,493.95by PriteshPal2
Nifty Intraday Support & Resistance Levels for 21.11.2024On Tuesday, Nifty opened gap-up and rallied to a high of 23,780.65 (gaining 262 points over the previous close). However, during the last hour of trading, it lost all its gains and touched a low of 23,464.80, eventually closing at 23,518.50, with a modest gain of 64 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. For the fourth consecutive day, Nifty closed inside the Daily Demand Zone (23,350 - 23,667.10), indicating selling pressure on every rise. As reiterated earlier: "If Nifty holds the support at the lower boundary of the demand zone (23,350), we might see bullish momentum toward 23,900 - 24,250." Demand/Support Zones Near Demand/Support Zone (Daily): 23,350 - 23,667.10 (current price inside the zone) Far Support: 23,189.88 (61.8% FIBO Level) Far Demand/Support Zone (Daily): 22,642.60 - 22,910.15 Supply/Resistance Zones Near Minor Resistance (15m): 23,686.15 - 23,726.90 Near Resistance (30m): 23,908.65 - 23,992.50 Far Resistance (75m): 24,106.90 - 24,242.00 Far Resistance (75m): 24,447.65 - 24,537.60 Far Resistance (75m): 24,636.75 - 24,741.45by PriteshPal1
NIFTY is in Falling ChannelNifty at Falling Channel bottom area Support 23350 & Resistance at 24050 (Channel Top)Longby FindingReason101117
PRE MARKET ANALYSIS OF NIFTY FOR 21 NOV 202421 Nov 2024 WORLD MARKETS 1. US markets are taking support at 21 SMA and has rebounded. 2. Europe is trading with a negative bias. 3. Asia is mixed. 4. US incumbent president has spoken about Ukraine - Russia war which is disturbing and may indicate in stability. INDIA VIX AND GIFT NIFTY 1. India VIX is above 15.6 indicating more bearishness. 2. GIFT Nifty is indicating a flat opening . INDEX HEAVY WEIGHTS 1. HDFC Bank is looking bullish. It has a target of 1780. 2. ICICI Bank on the other hand is bearish. 1260 is a very strong resistance. Next tgt can be 1225. 3. Reliance has resistance at 1250. It has a tgt of 1200. 4. Market may remain range bound between 23800 - 23300 with a straddle at 23500. TRADING PLAN 1. NIFTY OPEN BETWEEN 23605 - 23432 : NO TRADE. 2.NIFTY OPEN ABOVE 23605 : Sell any rally to 23700 and break below 23600. 3.NIFTY OPEN BELOW 23432: Sell any rally to 23500 and break below 23400 decisively. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.by sam200519680
NSE SectorsNSE Sectors - #1 Snap1: Daily Chart of indices #2 Snap2 :Relative Strength of Indices benchmarked to NIFTY 500 Strong: Healthcare, Pharma, Metal, IT Improving: PSUBANK, FINANCE, BANKNIFTY, PVTBANK Will take positions only when Nifty500 sustains above 22450-22500. #SectorRotation by s_s3n0
Positive RSI Divergence As it can be seen on the Daily Time frame chart The price has moved down from 55165 to 53833 (-1332 points) during the time period of 25/10/24 to 13/11/24 While during the same time period the RSI has moved upwards from 28.99 to 30.66 It is a 13 bar divergence If the RSI crosses and sustains the level of 40 on Daily time frame , we could expect an upmove towards 55230 / 56500 levels respectively. Longby M92_S1
Last leg of correction in BNFBank Nifty CMP 50600 Elliott- This is a zig zag corrective pattern. Here both the A and C leg has 5 waves. Yesterday it completed the iv wave of C. The vth wave down should come down to 49230 as the minimum tgt. If this is broken then the 48340 is where it will bottom. Good news is this is a bullish corrective pattern.Shortby singh17vivek222
Dow Futures Trading Strategy 20th November 2024Dow Futures Trading Signal Current Value: 43,409 Trading Levels: Buy Above: 43,600 Trigger a long position when the price closes above 43,600 on a 1-hour candle. Resistance Levels: R1: 43,750 R2: 43,900 Sell Below: 43,250 Trigger a short position when the price closes below 43,250 on a 1-hour candle. Support Levels: S1: 43,100 S2: 42,900 Key Notes: Always wait for confirmation of a 1-hour candle close above or below the specified levels before initiating trades. Use proper risk management techniques, including stop-loss orders placed slightly outside key support and resistance zones. Additional indicators like moving averages or MACD can provide further confirmation. Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice. Trading futures involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved and consult a licensed financial advisor before trading. Past performance does not guarantee future results. Trade responsibly.by ramkkyy0
#banknity - 21th November!!NSE:BANKNIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) 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.Longby thetradeforecast111
KEY LEVELNifty has completed its head and shoulder pattern and currently trading at its best support level. if the support is broken with good volume, one can expect 23000 short-term downside if nifty takes support, one can expect a short term 24500 upsideby manyilakhil3
RSI IndicatorThe best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies. Low RSI levels, below 30, generate buy signals and indicate an oversold or undervalued condition. High RSI levels, above 70, generate sell signals and suggest that a security is overbought or overvalued. A reading of 50 denotes a neutral level or balance between bullish and bearish positions. 11:28by SkyTradingZone13
This wil be next price movements in bnAs lined in the above chart this wil gonna be your next price movements so please follow it strictly of you will gonna end in huge losses so mark it on your chart alsoLongby himanshusub30
NIFTY SMALL CAP 50 INDEX GANN ANALYSIS 19 NOV 2024Nifty Small Cap 50 Index has made an ATH near the 7935 price cycle target for an important cycle year 2024. Actual ATH is 9446.50 on 24 Sept 2024. We crossed this price of 7935 on 07 June 2024 and price has outperformed. As long as price stays above 8290 we will do time adjustment on price action. Squaring the recent low gives the price support at 8483. This can be used as short term support for the index. Happy Trading !!!by kbr91219651
Dow Futures Trading Levels for 19th November 2024. Dow Futures Trading Levels (Based on 1-Hour Candle Chart): Buy Above: 43,670 (Consider entering a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.) Sell Below: 43,375 (Consider entering a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.) Current Value: 43,520 Key Levels to Watch: Resistance Levels: 43,750 – 43,800 43,900 – 44,000 Support Levels: 43,450 ,43,300 , 43,200 Trading Tips: Book Profits Regularly: Take partial profits near key resistance levels or major price zones to secure gains. Use Trailing Stop-Loss: Set a trailing stop-loss to protect your profits while allowing the trade to follow the trend. Watch for Confirmations: Ensure price action sustains above or below the given levels on the 1-hour candle before entering trades. Disclaimer: This analysis is based on technical indicators and the 1-hour candle chart. The information provided is for educational and informational purposes only and should not be considered as financial or trading advice. Risk Management Guidelines: Always confirm price action (e.g., breakouts, breakdowns, or reversals) at the specified support and resistance levels before making decisions. Use stop-loss orders and proper position sizing to minimize risk. Stay updated on economic news and market events that may influence Dow Futures. Risk Disclosure: Trading futures involves substantial financial risk and may not be suitable for all investors. Prices can be highly volatile, and there is no guarantee of profit or protection against losses. Consult with a licensed financial advisor before making any investment or trading decisions. Trade only with funds you can afford to lose.by ramkkyyUpdated 1
View on bank nifty ( for education purpose only)Looks like Bank Nifty top has already been formed. It has already started making lower top. Price action has broken the EMA 50 and now at an crucial support of EMA 200. It is trying to hold the ground above it from last 3 days. If it crosses down EMA 200....there is a 8-9% downward move. Shortby vinodverma7810
NIFTY (1 DAY)Nifty 50 can lift from here have some reasons at below - Nifty 50 is 11% down from last all time high. - Touching big supports & trendlines. - Near fibonacci zone (23250-23500). - Formatting pulling up candles like dojis in last 3 days. - Created high when nifty gave biggest fall of 2024 is support. for all other reasons chart says it all.Longby Sagar_Panchal_119
NIFTY RANGE AT MAKE OR BREAK LEVELMarket Context and Current Position: The market appears to be completing the Elliott Wave (5), indicating a potential cycle conclusion. The recent price action shows bearish divergence in the RSI indicator, which signals momentum loss and a higher likelihood of a reversal or correction phase. The current level aligns closely with a Fibonacci retracement zone (38.2%), a historically significant support level. Potential Scenarios: Reversal Scenario: If the market respects the Fibonacci 38.2% level, a rebound can be expected. The Elliott corrective wave (likely ABC) could transition into a new bullish impulsive wave structure, contingent upon strong buying pressure. Continuation of Correction: A failure to hold at the 38.2% retracement level could lead to a deeper correction toward the 50% retracement level, coinciding with a critical long-term trendline from the March 2020 low. This would represent a structural retest of the broader bullish trend initiated post-COVID crash. Key Levels to Watch: Resistance Levels: The immediate resistance lies around the peak of the recent wave (near the 23,500–24,000 zone). Any upward breakout should be monitored for a potential extension of the wave 5 structure. Support Levels: The 38.2% retracement level (approximately 23,000) and the trendline support. The 50% retracement level (~21,500) as the next crucial fallback if the 38.2% level is breached. by hanifjuneja111
Nifty Intraday Analysis for 19th November 2024NSE:NIFTY Index closed near 23455 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 88.90 Lakh 23500 Strike – 63.16 Lakh 23700 Strike – 56.76 Lakh Put Writing 23000 Strike – 63.52 Lakh 23500 Strike – 52.89 Lakh 23200 Strike – 43.92 Lakh Index has immediate support near 23350 – 23300 range and if this support is broken then index may tank near 23100 – 23000 range. Index has resistance near 23650 – 23750 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. by RKMAURYAUpdated 7
Banknifty Intraday Analysis for 19th November 2024NSE:BANKNIFTY Index closed near 50365 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 51000 Strike – 16.62 Lakh 51500 Strike – 14.43 Lakh 50500 Strike – 10.92 Lakh Put Writing 49500 Strike – 19.33 Lakh 50000 Strike – 17.10 Lakh 49000 Strike – 12.58 Lakh Index has immediate support near 49800 - 49700 range and if this support is broken then index may tank near 49500 - 49400 range. Index has resistance near 50800 – 50900 range and if index crosses and sustains above this level then may reach near 51300 – 51400 range. by RKMAURYAUpdated 2212
Finnifty Intraday Analysis for 19th November 2024NSE:CNXFINANCE Index closed near 23260 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 20.45 Lakh 23400 Strike – 17.59 Lakh 23800 Strike – 17.55 Lakh Put Writing 23000 Strike – 19.28 Lakh 23100 Strike – 16.19 Lakh 22800 Strike – 15.07 Lakh Index has immediate support near 23000 – 22900 range and if this support is broken then index may tank near 22800 – 22700 range. Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23700 - 23750 range. by RKMAURYAUpdated 6
Midnifty Intraday Analysis for 19th November 2024NSE:NIFTY_MID_SELECT Index closed near 12090 level and Maximum Call and Put Writing near CMP as below in current Monthly contract: Call Writing 12100 Strike – 4.98 Lakh 12200 Strike – 1.76 Lakh 12300 Strike – 1.50 Lakh Put Writing 12100 Strike – 3.65 Lakh 12000 Strike – 2.62 Lakh 11900 Strike – 1.01 Lakh Index has immediate support near 12000 – 12950 range and if this support is broken then index may tank near 11800 – 11750 range. Index has immediate resistance near 12225 - 12275 range and if index crosses and sustains above this level then may reach 12350 – 12400 range. Nby RKMAURYAUpdated 1