[INTRADAY] #BANKNIFTY PE & CE Levels(20/01/2025)Today will be flat opening expected in banknifty. After opening if banknifty sustain above the 48550 level then expected upside rally upto 400-500+ points upto the 49950 level. Major downside level expected if banknifty starts trading below the 48450 level. This downside rally can goes upto the 48050 level and further extend for 400-500+ points in case starts trading below the 47950 level.
Pricemovement
#NIFTY Intraday Support and Resistance Levels - 16/01/2025Gap up opening expected in nifty. Expected opening near 23400 level. 23350-23400 will act as a strong resistance for today's session. Strong upside rally only expected if nifty starts trading above 23400 level. This rally can goes upto 23600+ level in today's session. Downside expected below 23350 level. This downside can goes upto 23050 level.
#NIFTY Intraday Support and Resistance Levels - 14/01/2025Today nifty will open gap up near the 23200 level. After opening it will face resistance at this level. Small upside rally expected if nifty starts trading above 23200 level this rally can goes upto 23350 level. Expected strong rejection from this level and further downside movement in nifty. After reversal confirmation from this level downside expected target will be upto 23050. Further strong fall in index expected below 23000 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(14/01/2025)Today will be gap up opening expected in banknifty. After opening if any upside rally happened then it will face strong resistance at 48450 level. Expected reversal from this level for the further downside movement. If banknifty starts trading below 47950 level then possible quick downside movement of 400-500+ points in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/01/2025)Flat opening expected in banknifty. After opening if banknifty sustain above 49550 level then expected upside movement upto 49950 level. Major downside fall expected below the 49450 level. This downside can goes upto the 49050 level in today's session if banknifty starts trading below this level.
USOUSD (Oil) Key support follow up.Thanks for checking our latest update, and happy new year to all. Today, we have followed up on our last oil update. You can see this update on the link below.
The main topic of the last update was a key support area. The area held, and we saw a new rally develop. Today, we have looked at that rally and asked if it's going to break the long-term downtrend or if we could see price contnue to remain rangebound.
We see short-term resistance at $74.75 and short-term support at $73.20.
As always, traders must remain vigilant and stay abreast of the latest updates from OPEC and geopolitical influences, as these factors can significantly impact the market.
Good trading from Eightcap.
[INTRADAY] #BANKNIFTY PE & CE Levels(31/12/2024)Today will be flat opening expected in banknifty. After opening expected downside movement upto 50550 level if banknifty trading below the 50950 level. This downside can be extend for further 400-500+ points if banknifty gives breakdown of 50450 zone. Any upside movement only expected in case it starts trading and sustain above 51050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(30/12/2024)Today will be gap up opening expected in banknifty. Still banknifty consolidating in the range of 51050-51450 level. Strong upside rally expected if banknifty starts trading and sustain above the 51550 level. This bullish rally goes upto the 51950+ level in today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/12/2024)Today will be gap up opening expected in banknifty. Possible banknifty will open near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then expected further bullish rally upto 51950+ level in opening session. Below 51450 downside movement expected upto 400-500 points. 51050 level act as a strong support for the today's session. Any major downside expected below the 50950 level.
#NIFTY Intraday Support and Resistance Levels - 20/12/2024Flat or slightly gap down opening expected in nifty. After opening if nifty starts trading below 23950 level then possible strong downside rally upto 23750 level. Any bullish rally only expected if nifty starts trading and sustain above 24050 level. 23950-24050 levels are the consolidation zone for nifty.
#NIFTY Intraday Support and Resistance Levels - 16/12/2024Flat opening expected in nifty. After opening if it gives breakout of 24800 level then possible strong bullish rally upto 25000+ level in today's session. Below 24750 expected reversal upto 24550 level. For today's session 24550 level will act as a strong and important support for nifty. Any major downside rally only expected below this support zone.
Crude Oil Prices Fall Amid Economic and Geopolitical ShiftsSince the beginning of October, crude oil prices have been on a downward trend, dropping from $77 to $70 in less than three months. This decline can be attributed to several geopolitical and economic factors. During this period, global economic growth showed signs of slowing, raising concerns about future oil demand. Additionally, geopolitical tensions in major oil-producing regions eased, leading to a more stable supply outlook. These combined factors have exerted downward pressure on crude oil prices.
[INTRADAY] #BANKNIFTY PE & CE Levels(12/12/2024)Today will be slightly gap up opening expected in banknifty near 53500 level. Currently market creating the consolidation zone. After opening if banknifty starts trading and sustain above 53550 then can go for the long side position. Downside possible below 53450 level. 53050 level will act as a strong support for banknifty. Any major bearish rally only expected below this level.
XAUUSD WIL SOON RETRUN TO 2670 SERIESXAUUSD Scalping and Swing Trading Opportunities: The gold market offers traders a unique mix of rapid intraday movements and longer-term price trends. Scalping provides opportunities for quick profits by capitalizing on minor price fluctuations, while swing trading allows for capturing larger market moves over days or weeks. With precise analysis, disciplined risk management, and a keen eye on technical and fundamental indicators, traders can strategically navigate the volatility of XAUUSD to maximize gains in both short and mid-term trades.
Its OK as longest google stays above 170 ! lets go ! Last week, Google stayed above 170, which is excellent news. Within the analysis, we can see that it’s starting to show bullish convergence. I also drew an ascending channel based on its recent price movements.
In my last analysis of Google, I mentioned that once the price touched the "stacked channel," we only needed to observe the immediate candlestick structure, and from there, it would take off—and that’s exactly what happened (check out the little thumbs-up hand).
Now, it doesn’t matter if the price dips slightly here; the key is for it to stay above 170 and within the mini ascending channel I marked.
The real challenge for Google is breaking through the inflection zone where it’s currently positioned. It was rejected once, so the price will likely attempt to break through this key zone again.
Let’s see what happens in the coming days.
Thanks for supporting my channel! Best regards.
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days.
Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback:
Scenario 1:
If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside.
Scenario 2:
Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound:
First Pullback Zone (equivalent to a block order):
Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence?
Second Rest or Pause Zone:
This zone must be considered because if there is a structural break, the price may drop lower to this point.
Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement.
Thank you for supporting my analysis.
TRADE SAFE!
BIT scours a new highsAfter the prices slightly down searching for a support, it gained a good momentum from the bullish channel bottom board to rise again scouring a new high at 103.620.
The Main direction for the medium and long periods remains bullish and it may scour new highs around 106.880 area, But that relay on the stability of the channel's bottom line.
As if the price was able to break through that line it may search for more supports then