rakeshreddym

rakeshreddym

Immediate support is at 50300, and immediate resistance is at 50450. If the price breaks above 50450, look for long positions with targets at 50600, 50800, and potentially up to the 51K area. On the flip side, if the price breaks below 50300, consider shorting with targets at 50100, 50000, and 49900 below. Avoid trading in the zone between 50300 and 50450, as...

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Oil forming a rouding bottom pattern at demand zone where it previously tested this zone held and rallied back to 73 area expecting same if this 69 area voilates above sustains that 73 mark will acheive eaily. key levels to watch for 69 above and 67 below in between it will range as it is doing same as of now. A breakout above or break down below only could give...

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Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels. Current Market Sentiment: Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be...

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Banknifty Bias:- in range Banknifty made inside candle in both weekly time frame and daily timeframe.Levels to trade for Monday are immeadiate support is 51600 and immeadiate resistance is 51800 area. If Price sustains below 51600 area short for targets of 51450,51300,51200. if Price sustains above 51800 area long for targets of...

rakeshreddym

Nifty Bias:- Bearish Nifty still in sell on rise mode until it sustains above 24400 area for day or two to confirm that it found a base. Immeadiate Support is 24275 area. Immeadiate Resistance is 24385 area. For intraday on Monday to trade levels are. If Price sustains above 24385 Long for the targets of 24425,24450,24500,24550,24600. If price sustains below...

rakeshreddym Updated 

Bnanknifty Bais still bearish It will range in 300 points between 52350 area above and 52k below, only a breakout of any of these can give good moves. 52350 above sustains long targets of 52500,52600,52800. 52000 below sustains short targets of 51900,51800,51600. Look for rejection on extremes of 52350 area above and 52 k area below for reversal...

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Banknifty levels to trade on Wednesday 16th oct. Banknifty taking resistance from under at 20 ema and support at 50 ema in daily front. (Support 51766,Resistance 51988). Long if sustains above 52025 for targets of 52300,52450,52600,52800. Short is sustains below 51800 for targets of 51700,51550,51400,51300. watch for reversal at support,ressistance and target...

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Finnifty Levels for Tuesday. Bias :-Bullish Strategy:-Support and Resistance Reversal Pattern :- Pull back to support areas. Long if susstains above 23900 for targets of 24040,24150,24340,24450. Short If sustains below 23800 for targets of 23700,23650,23550,23400. Educationla purpose only do you own analysis before taking call.

rakeshreddym Updated 

Fin Nifty Support&Resistance Levels Bias :- Bearish Strategy :- Support and Resistance. Reversal Pattern:-Pull back to resistance areas. Finnifty taking support on 100 EMA on daily front since it formed a big red candle using fibs can help to trade. Prior day candle 400 points fall. Midpoint is 23440 Area(Reverse or Breakout). Low is 23120.(Reverse or...

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Banknifty S&R levels for wednesday 9th Oct Immeadiate suuport is 50900 if sustains below short for targets of 50750,50650,50500,50300. Immeadiate Resistance is 51200 if sustains above long for targets of 51350,51450,51500,51700. this support,resistance and targets can act as reversal points also please check price price on those . Reversal Area or Breakout:-...

rakeshreddym Updated 

Nifty Analysis for the Upcoming Week As long as the Nifty remains above the 26,000 mark, the overall structure remains bullish. Should this level be violated, we may see a pullback to the 25,800 area, which is a favorable zone for potential long entries, particularly with confirmation from price action. On the 15-minute chart, the index is currently testing...

rakeshreddym

Fin Nifty Support and Resistance levels 24550 above sustains long Targets 24650,24700,24750 24450 Below sustains short Targets 24300,24250,24200. Wait for confirmaton on levels with Price action. Education Purpose only do your own analysis befroe takin entries.

rakeshreddym

BankNifty levels for 30th Sep Monday Bias:- Bullish . Strategy:- Buy on dips. Reversal Pattern:- pull back to support areas. Bank nifty closed friday on support (demand area) from where it took support and rallied this is important area to check on monday open for accenptance or rejection. 53950 above Sustains long Targets 54150,54200,54350,54400. 53700...

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Nifty tested twice 26000 in 2 days in 1 hour time frame there is double top formation and with RSI being a negative divergence signaling a Short set up on open if opens flat. A gap down opens later checks on 26k area rejection can be short another option. Any gap up above 26035 could be sell off as per Price action , contiunuos risisng market need a breather a...

rakeshreddym

What is Intrinsic Value? Intrinsic value is a key concept in options trading that reflects the real, inherent worth of an option. It is the difference between the underlying asset's current price and the option's strike price. For options, intrinsic value can be classified as follows: Call Options: Intrinsic value = Current Price of Underlying Asset - Strike...

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Banknifty formed a narrow range of 200 points since 2 days expecting good move of 400 to 500 points once breakout above resistance or breakdown below support. Immeadiate Resistance is 54150 to 54200 area. Immeadiate Support 53900 area. Wait for confirmation to take entries accordingly. Targets upper side or lower side marked on chart.

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Gold Market Analysis Key Support Level: 2480 Current Bias: Bullish Change in Bias: The market remains bullish while the price is above the 2480 level. If the price breaks and sustains below this support, the bias would shift to bearish. Immediate Resistance Level: 2530 Current Price Action: Monitor the price behavior around this level. If gold approaches...

rakeshreddym

Bitcoin approaching resistance level need to see how price action performs here a rejection will send it down to test lower levels again or breakout if sustained rallies to higher side from here . One need to keep both options open at current levels.