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Midnifty Intraday Analysis for 16th December 2024NSE:CNXFINANCE Index closed near 13135 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 13000 Strike – 5.03 Lakh 13300 Strike – 2.67 Lakh 13100 Strike – 2.56 Lakh Put Writing 13000 Strike – 5.51 Lakh 12900 Strike – 2.70 Lakh 13100 Strike – 2.51Lakh Index has immediate resistance near 13250 – 13300 range and if index crosses and sustains above this level then may reach 13450 – 13500 range. Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
Finnifty Intraday Analysis for 16th December 2024NSE:CNXFINANCE Index closed near 24880 level and Maximum Call and Put Writing near CMP as below in December Month contract: Call Writing 25000 Strike – 1.85 Lakh 24800 Strike – 1.33 Lakh 24700 Strike – 1.06 Lakh Put Writing 24800 Strike – 1.34 Lakh 24700 Strike – 1.04 Lakh 24500 Strike – 0.97 Lakh Index has resistance near 25000 - 25050 range and if index crosses and sustains above this level then may reach near 25200 - 25250 range. Index has immediate support near 24700 – 24650 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:CNXFINANCELong
by RKMAURYA
BankNifty levels - Dec 17, 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 levels - Dec 17, 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
TransIndia Real Estate: Strong Performer Near Key Support – BounTitle: "TransIndia Real Estate: Strong Performer Near Key Support – Bounce-Back Opportunity" Stock: TransIndia Real Estate Ltd. Analysis: TransIndia Real Estate has been a strong performer, but recent price action suggests the stock is nearing a critical support level, presenting a high probability of a bounce-back. While valuations are getting expensive, the technical setup around the strong support zone makes it an attractive opportunity for short-term traders. Key Highlights: Strong Support: Price is approaching a significant support level where buying interest is expected to emerge. Potential Bounce: Heavy possibility of rebound based on historical price action at this level. Momentum: Keep an eye on volume activity for confirmation. Trade Plan: Entry: Near current support level with volume confirmation Target: Short-term upside based on resistance levels or recent highs Stop Loss: Below the support zone to manage risk Note: With a history of strong performance, TransIndia Real Estate is worth monitoring for a bounce-back opportunity, despite its increasing valuation.
NSE:TRELLong
by ImranulHaqueNoor
"AYM Syntex: VCP Breakout with Strong Earnings and FII InterestStock: AYM Syntex Ltd. (AYMSYNTEX) Analysis: AYM Syntex has formed a Volatility Contraction Pattern (VCP), a bullish setup indicating potential upside. The breakout is confirmed with strong volume, signaling renewed buying interest. Recent fundamentals further bolster the bullish outlook: Quarterly Revenue: ₹405 Cr (21.1% YoY growth). Quarterly Net Profit: ₹4 Cr (179.8% YoY growth). FII Interest: Foreign Institutional Investors' holding surged to 3.5%, a significant jump from 0.03% in the previous quarter. This combination of technical and fundamental strength makes AYM Syntex an attractive candidate for a short-term swing trade. The target price is set at ₹255. Technical Setup: Pattern: Volatility Contraction Pattern (VCP) Volume: Strong confirmation on breakout Institutional Activity: Sharp increase in FII holdings Trade Plan: Entry: On sustained trade above breakout level Target: Short-term target at ₹255 Stop Loss: Below the most recent support within the VCP Note: With solid earnings growth and increased FII interest, this stock is poised for a potential upswing.
BSE:AYMSYNTEXLong
by ImranulHaqueNoor