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BankNifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, BankNifty opened negative, reached a high of 52827.60, but slipped to a low of 52010.65, entering the Daily Demand Zone. It ended the day at 52139.55, down by 695 points, marking its second consecutive losing session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 51693.95 - 52197.25 (current price inside this zone) Far Support: 51353 (61.8% Fibonacci level) Far Demand/Support Zone (125m): 50898.75 - 51271.50 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52709.40 - 52911.10 Near Supply/Resistance Zone (15m): 53159.20 - 53276.55 Far Supply/Resistance Zone (30m): 53489.70 - 53675.05 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
Midcap nifty select trades and targets - 19/12/24Hello 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 20 points as we are getting very few trending moves.
NSE:NIFTY_MID_SELECT
by GOPISRI
Bank nifty trades and targets - 19/12/24Hello 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 100 points as we are getting very few trending moves. We have a gap to be filled (22nd Nov), keep a watch on it too.
NSE:BANKNIFTY
by GOPISRI
Nifty expiry trades and targets for - 19/12/24Hello 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 30 points as we are getting very few trending moves. Its expiry so trade if levels are broke an there are clear signals of any trade. If we try to trade in between zones then our SL will be hit and capital will be wiped out. Preserve your capital on expiry is the most important thing to do. Look for hero zero trades after 2.00 P.m. and use 10% capital for this trade.
NSE:NIFTY
by GOPISRI
Nifty SpotIsn't it amazing how the markets make their moves and how 99.99% don't know what the hell is happening???? Never mind that.... you'll get the hang of it when you figure it all out by yourself. I have given you all the 78.6% retracement and the 100% retracement . These both will act as STRONG SUPPORTS going forward. Watch especially the 78.6% retracement. In my opinion... This will hold and we will get a 1000 points upmove .This is where I think ( I stand to be corrected) 99.99% SUCKERS will get sucked IN. They will take this upmove so close to the previous ATH.... that Most will buy at the highs and then wait in anticipation.
NSE:NIFTY
by deepgups
NIFTY analysis for tomorrow 19 Dec 24As we discussed yesterday, the market was sideways and had huge volatility. If we look at the chart now: The market is looking bearish but also showing good bullish pull-ups. The market is near the support zone. Support levels: 24127, 23970 Resistance levels: 24980, 24386, 24524, 24682 If we look at the OI data: PCR = 0.4, which has decreased from 0.8, shows call addition at the higher level. The market has good PE writing at 24500 and 24400. Other levels, 24200, 24300, and 24300, will be showing good resistance at a higher level. I am expecting Case 1: Sideways in the range 24127 - 24350. Case 2: Bearish if it breaks 24127 to the downside. Reason: RSI < 40 shows a good Bearish structure. (bearish) Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish) PCR = 0.4 indicates a bearish market. Price < VWAP shows a good bullish structure in the market.   Verdict: Bearish or Sideways Plan of action: In the range 24127 - 24350 Sideways. Go with an Iron condor. Buy PUT if it breaks 24127 to the downside.
NSE:NIFTYShort
by finnova_
Nifty Support&Resistance Levels for Expiry 19th DECNifty Support and Resistance levels for expiry. Key levels to watch:- 24100 to 24050 Long Probability :- Where nifty got break out on Dec 2nd rallied till 24800, and then again tested this area on 13th December held rallied back to 24800.look for any positive price action here since it took multiple times support at this levels. Short Probability :- On the other hand breakdown of 24100 to 24050 area happened tested lower side levels of 23800 area keep on eye for breakdown to play short. Range Probability:- Least probability it played in the range for a week higher side 24350 and to lower side 24150. mark these levels and check price action at those to play accordingly. Education purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
Technical analysis MACDMACD is a momentum indicator, which follows trends and belongs to the oscillator family of technical indicators. It permits you to: According to the relationship between two moving averages, determine the current trend direction (bullish or bearish) and forecast where the price is more likely to go. The 12 represents a moving average of the previous 12 bars. The 26 represents a moving average of the previous 26 bars. The 9 represents a moving average of the difference between the two moving averages above.
NSE:NIFTYEducation
by SkyTradingZone
1
Divergence in Trading What is Divergence? Divergence is when the asset price moves in the direction opposite to what a technical indicator indicates. When a stock is diverging, it signals weaker price trends and the beginning of a reversal Seeing divergence increases profitability by alerting a trader to protect profits. Technical traders generally use divergence when the price moves in the opposite direction of a technical indicator. Strong divergence is the most reliable type of divergence, often signaling a significant reversal. It occurs when the price makes a new high or low, but the indicator fails to do so, indicating weakening momentum.
NSE:NIFTYEducation
by SkyTradingZone
Advance database trading Stock exchanges and data vendors are great sources for institutions. Retain traders can use broker APIs as it's more economical. As a trader, you must be quick and analytical, and good-quality data is the way to go Paper trading, also known as virtual trading or simulated trading, is a practice that allows beginners and experienced traders alike to simulate the process of buying and selling financial assets, such as stocks, without using real money.
NSE:NIFTYEducation
by SkyTradingZone
Option And Database trading To study an option chain, focus on the current market price, displayed in the centre. Analyse the built-up data to understand market direction based on recent changes in open interest and price. ITM call options are typically highlighted in yellow, making it easier to distinguish them from other options. Adani Enterprises. ... Infosys Limited. ... HDFC Bank. ... Tata Consultancy Services (TCS) ... Bajaj Finance. ... Tata Steel. ... Bharat Petroleum Corporation Limited (BPCL) ... Larsen & Toubro Limited (LT)
BSE:SENSEXLong
by SkyTradingZone
Nifty Intraday Analysis for 18th December 2024NSE:NIFTY Index closed near 24335 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24700 Strike – 102.46 Lakh 24500 Strike – 100.29 Lakh 24600 Strike – 98.74 Lakh Put Writing 22900 Strike – 80.79 Lakh 24000 Strike – 79.80 Lakh 23500 Strike – 62.16 Lakh Index has resistance near 24500 - 24550 range and if index crosses and sustains above this level then may reach near 24700 - 24750 range. Index has immediate support near 24175 – 24125 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA