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NiftyPatterns formed on the Chart 1- Head & Shoulder Pattern. 2- Bullish Pennant. Considering this the Outlook seems neutral with Support & Resistance placed at: Support 1- 23530 2- 23350 3- 23250 Resistance: 1- 24450 2- 24860 3- 25050. Anticipating volatility in market due to the following factors 1- Trump Oath Ceremony 2- Union Budget 3- Q3 Earnings. Note: This is just my view and not a recommendation to place trades based on this. Kindly, do your own research or consult your financial advisor.
NSE:NIFTY
by ANomadinTrading
Nifty Intraday Analysis for 20th December 2024NSE:NIFTY Index closed near 23950 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 67.06 Lakh 24500 Strike – 67.03 Lakh 24300 Strike – 39.61 Lakh Put Writing 24000 Strike – 87.98 Lakh 24000 Strike – 66.15 Lakh 23600 Strike – 26.00 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23700 – 23650 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 20th December 2024NSE:BANKNIFTY Index closed near 51575 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 52500 Strike – 21.05 Lakh 52000 Strike – 14.27 Lakh 51500 Strike – 11.46 Lakh Put Writing 51000 Strike – 14.56 Lakh 51500 Strike – 12.07 Lakh 52000 Strike – 11.25 Lakh Index has resistance near 52000 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range. Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50400 - 50300 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 20th December 2024NSE:CNXFINANCE Index closed near 23905 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 24500 Strike – 2.07 Lakh 24600 Strike – 1.88 Lakh 24000 Strike – 1.80 Lakh Put Writing 23500 Strike – 1.59 Lakh 24000 Strike – 1.48 Lakh 23800 Strike – 0.94 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23750 – 23700 range and if this support is broken then index may tank near 23550 – 23500 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 20th December 2024NSE:NIFTY_MID_SELECT Index closed near 13025 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13200 Strike – 5.80 Lakh 13100 Strike – 3.53 Lakh 13300 Strike – 3.20 Lakh Put Writing 13000 Strike – 6.96 Lakh 12900 Strike – 3.60 Lakh 12800 Strike – 3.02 Lakh Index has immediate resistance near 13175 – 13225 range and if index crosses and sustains above this level then may reach 13350 – 13400 range. Index has immediate support near 12990 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Dec 23, 2024Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BankNifty levels - Dec 23, 2024Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
NIFTY 20-12-2024 FRIDAYSo, pre open was flat with US market at the lower of the ends. We estimated market to fall and take a support at 23656 which we almost achieved by 02:50. Lots of twists and turns in between but our target projections were correct. Focus that was on: US market - downward Nifty top 5 components 1 up 4 downs at pre open. gold rates up. So there was sure shot chance of fall. But as always market builds up an entry point before fall. So market moved up and touched 24000 to create an entry point. from where the reversals happened. This could have also been identified from the option pricing of 24500 & 23500 conjunction which i used in the chart to make decision. The price of 23500 almost move to 37 at 11-12 around before moving downwards. & resulted in profits.
NSE:NIFTY
by ajayekka002
Banknifty Trade set up with 1:5+ RRAs of December 19, 2024, Bank Nifty has experienced a significant downward movement: The index fell by more than 1300 points over two trading days It reached a low of 51263 levels This sharp decline was accurately predicted using Neo wave and price action analysis, demonstrating the effectiveness of these techniques in forecasting market movements Key Price Levels and Targets Several important price levels have been identified: A critical support level at 52580 Potential targets on the downside include 52180 and 518001. Resistance level at 53200, which needs to be broken for fresh buying to emerge
NSE:BANKNIFTYLong
by KarniKripaa
NIFTY50 - TRENDLINE RESISTANCE - 60min CHARTNIFTY50 - TRENDLINE RESISTANCE - 60min CHART FIIs and PRO are still selling. Nifty call OI data looks weak. 23300-23000 seems the next stop. Its a Sell on Rise market. Resistance: 23800, 23900, 24000 Check Nifty50 monthly analysis here... If you like my analysis, please follow me as a token of appreciation :) in.tradingview.com For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
NSE:NIFTY
by SatpalS
Gap pe GapThe BankNifty on the daily charts has closed the erstwhile rising gap with a recent falling gap. In the last five trading sessions, the index is down close to 5% with a proper sequence of lower low and lower high. Looking at this recent sell-off, it seems like we are all set for a re-test of a broad support zone within (49,600-50,400) marked by the blue box. This blue zone for the BankNifty has been a solid range of support since early August 2024. And we can see how many times in the recent past the index has bounced up from this zone. I have also plotted my favourite Fibonacci retracement duo, which comes close to (50,650-50,750). The current price & momentum state does not offer us any reason to go long unless you prefer to play a blind hand. We should look closely at the index once these perceived support levels get tested. And if we get a bounce back from any of these levels, evaluate which banking stock is leading that move. Do feel free to share your thoughts. Till then, Trade Well.
NSE:BANKNIFTY
by Abhijit_Paul
How to get profit by option chain in trading For long calls: If the underlying is above the strike price on expiration, the profit is the underlying price on expiry – strike price – premium paid per contract. If the underlying is at or below the strike price on expiration, the option has no value so your loss is the premium paid to buy the call option. Options trading can be one of the most lucrative ways to trade in the financial markets. Traders only have to put up a relatively small amount of money to take advantage of the power of options to magnify their gains, allowing them to multiply their money many times, often in weeks or months.
BSE:SENSEXEducation
by SkyTradingZone
2
What is Option Chain ?Options chain can be defined as the listing of all option contracts. It comes with two different sections: call and put. A call option means a contract that gives you the right but does not give you the obligation to buy an underlying asset at a particular price and within the option's expiration date. How does an option chain work? An option chain displays available call and put options for a specific underlying asset, with their strike prices, premiums, and open interest. It provides a snapshot of market sentiment and potential price movements.
NSE:BANKNIFTYEducation
by SkyTradingZone
2
OPTION TRADING When you trade options, you're essentially placing a bet on if a stock will decrease, increase or remain the same in value; how much it will deviate from its current price; and in what time those changes will occur. Based on those parameters, you can choose to enter into a contract to buy or sell a company's stock. You don't need a considerable sum of money to become an options trader. You can start small with a capital of less than Rs 2 lakhs too. However, as you start small, you need to be a careful trader so that you can cut down on the possibility of losses and enhance the return potential of your trades.
NSE:NIFTYEducation
by SkyTradingZone
1