JAN. 23, 2025 - BTC (4 HR) ROOF PATTERN ANALYSISJan. 25, 2025 - We're back at it this time on the 4HR time frame. We have a roof pattern playing out and we're going to analyze the possible price action.
Pricemovement
#NIFTY Intraday Support and Resistance Levels - 24/01/2025Today will be slightly gap up opening expected in nifty. Expected opening above 23250 level. After opening if it's sustain above this level then possible upside rally upto 23450+ in today's session. Any further downside movement expected below 23200 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/01/2025)Today will be gap down opening expected in banknifty. After opening if it's sustain above 48550 level then upside movement expected upto 48950 level. At this level banknifty will fail resistance and chances of reversal from this level. Strong upside rally expected if banknifty starts trading and sustain above 49050 level. Major downside only expected if banknifty gives break of 48450 level.
#NIFTY Intraday Support and Resistance Levels - 21/01/2025Gap up opening expected in nifty. Expected opening near 23350 level. After opening possible nifty will consolidated in between 23300-23400 zone. If nifty starts trading and sustain above 23400 then expected sharp upside rally upto 23600+ level. Any major downside only expected below 23300 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/01/2025)Today will be gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above the 49550 level then expected upside rally upto the 49950+ level. Upside 49950 level will act as a resistance for today's session. Any downside rally expected below 49450 level this downside can goes upto 49050 level.
#NIFTY Intraday Support and Resistance Levels - 20/01/2025Flat or slightly gap up opening expected in nifty. After opening it will face resistance at 23250 level expected downside movement from this level upto the 23050 in today's session. If nifty starts trading and sustain above the 23300 level then expected upside movement upto the 23500+. 23500 level will act as a strong resistance for today's session.
[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.
#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.
DR Reddy weekly and daily chart Strong breakout on both daily and weekly chart
Trend line breakout
Rising volume
Daily RSI >60
Weekly RSI >50
Looks Bullish
20.12.24 Morning ForecastPairs on Watch -
FX:GBPAUD
FX:EURUSD
FX:NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#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.
19.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
OANDA:XAGUSD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#NIFTY Intraday Support and Resistance Levels - 19/12/2024Gap down opening expected in nifty. Expected opening near 24000 level. After opening important zone for nifty is 24000-24050 levels. If nifty starts trading below 24000 in today's session. Then expected strong downside fall upto 23750 level.
#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.
