Get started

Market indices

BankNifty Intraday Support & Resistance Levels for 16.12.2024On Friday, BankNifty opened on a negative note, slipping to a low of 52264.55. However, it staged a robust recovery, reaching a high of 53654, and closed strong at 53583.80, gaining 367 points over the previous close. Both the Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remain positive, reflecting sustained bullish momentum. Demand/Support Zones Near Demand/Support Zone (75m): 52264.55 - 52665.15 Far Demand/Support Zone (Daily): 51693.95 - 52197.25 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPal
Nifty Intraday Support & Resistance Levels for 16.12.2024On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive, signalling strength in the short term. Demand/Support Zones Far Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24772.60 - 24857.75 (tested) 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 Note: Resistance at 24700 breached: Nifty crossed this critical level and closed above it, a positive sign. Since Nifty is now trading within the Weekly Supply Zone (24567.65 - 25234.05), staying cautiously optimistic is recommended.
NSE:NIFTY
by PriteshPal
Lies on NASDAQ to FOOD Big # ADM TSN CAGWell this is just a follow up so I dont need to explain...see prior post of mine and you will get whole story.. Get you food in order cause it will get really fun...I guess this is why at a dinner I had with John Bogle of Vanguard he said: "Boys....if any of you are smart and think about the future, how many of you will follow the phones versus follow the farming life, raise your hands? Well, it seems all the hands are up...so good news, none of you get to enjoy this exquisite meal tonight because no one will replace the people who made it all happen from soil, air , and water. If any of you boys are smart, get into that game by the early 20's and you will be able to take control of the world..and make the real money, the controlling money. Own the land, control the water, and your portfolios better contain the crops and their respective companies of tomorrow." Spoken June 2010 Say....isnt there real nice land in the Midwest owned by a few big guys or hedgefunds....and wait a sec...isnt there some "breadbasket" in that for border of the Big Meany we like to pick on that had a few hands dipped into it. Things arent random...just be in the right rooms at the right time :}
NASDAQ:NDX
by CYQOTEK
DXY Masterclass: Expert Price Action Strategies UnveiledTVC:DXY AlexGoldHunter Technical Analysis Using Price Action Technique Key Levels and Patterns Resistance Levels: Top Resistance Band (RB): Around 107.500 Lower Resistance Band (RB): Around 106.000 Support Levels: Target Support: Around 105.500 Another Support Target: Around 104.000 Fibonacci Retracement Levels: 0.382: 106.835 0.5: 106.662 0.618: 106.489 0.786: 106.270 Break of Structure (BOS): Multiple BOS points indicating significant changes in price direction. Market Structure Shift (MSS): Points where the market trend changes direction. Equal Highs: Level where the price has reached the same high multiple times near 107.500. Indicators RSI (Relative Strength Index): Levels around 63.82, 57.11, and 40.00 indicating overbought and oversold conditions. MACD (Moving Average Convergence Divergence): Signal lines and histogram showing bullish or bearish momentum. Buy Strategy Entry Point: Look for a bullish reversal pattern near the Fibonacci retracement levels (0.5 or 0.618) around 106.662 or 106.489. Confirmation of a higher low or a bullish candlestick pattern (e.g., hammer, engulfing) near these levels. Stop Loss: Place a stop loss below the recent swing low or below the 0.786 Fibonacci level (106.270). Take Profit: Initial target at the resistance level around 107.500. Further targets can be set at the higher resistance bands around 108.000. Sell Strategy Entry Point: Look for a bearish reversal pattern near the resistance level around 107.500. Confirmation of a lower high or a bearish candlestick pattern (e.g., shooting star, bearish engulfing) near these levels. Stop Loss: Place a stop loss above the recent swing high or above the resistance band around 107.800. Take Profit: Initial target at the support level around 106.000. Further targets can be set at the lower support levels around 105.500 or 104.000. By using these price action techniques, you can identify potential buy and sell opportunities based on key support and resistance levels, trend analysis, and indicator confirmation. Remember to practice good risk management and stay updated with market conditions. Happy trading! 📈📉 Follow @Alexgoldhunter for more strategic ideas and minds
TVC:DXY
by Alexgoldhunter
Lies are only as good as they taste TSN CAG ADMSo, When we look at a wallet full of dollars and many games on or events to be festive...you tend to spend on food. These are the 3 big boys of AG and consumer vertical integration food production companies. So why would they go down if all is times of Joy and happiness. The vertical color bars are the Highs of each stock, colored to match the stock. The Price ranges on the right are the divergences that have occured Since those Highs. Notice how the NASDAQ is up on its previous high before pivoting...yet the others are 30+% down...hmm Those purple, pink, blue, and at far bottom grey..lines are all Fib Channels that use my Bow-Bridge technique and covered the entire Dot.com detonation from pivot lot to peak back to pivot low. You can see the Green pointed arrows show the past action and the best action of retracement to equal the food intake and price action of AG Conglomerates... Will post the next one on how it looked in the Dot.com 99-2001 span and see if there are correlations so you know when to short things...get food while you can...and then watch as everyone watches their retirement and pensions blow up and then food prices explode higher and you are just watching with your popcorn.... I never said I want to watch the world burn...I just poured Gas all over the place and sprinkled some special crystalline powders down too....Then I handed a roman candle to the partying Stocksters and said its sooooo pretty and colorful...give it a try to spark your achievement ;)
NASDAQ:NDX
by CYQOTEK
Sp500 for buyThe S&P 500 is currently showing bullish momentum, supported by strong corporate earnings and stabilizing economic conditions. As of today, it is trading at 5,699.98, reflecting significant growth year-to-date. Analysts project further upside due to strong fundamentals, including earnings growth and resilience in consumer spending. Technical analysis indicates the index remains within an upward channel, with potential resistance near 6,100, suggesting room for gains if economic stability persists​
CAPITALCOM:US500Long
by iraza
Dow Jones ready to go upAnalysts suggest a cautiously optimistic outlook for buying the Dow Jones, focusing on sectors showing resilience, such as technology and healthcare. A bullish case relies on sustained support at key technical levels and easing inflation concerns. It’s vital to monitor Federal Reserve signals, as dovish guidance could provide further momentum. Stay alert for any pullback opportunities to align with broader market sentiment. Always consider risk management
OANDA:US30USDLong
by iraza
1
Silver still under-valued vs GOLDBased on history, The relative value of gold and silver reverts between the 40:1 ratio and 80:1. Silver is still above 80:1, so IMO is a good buying opportunity, to leverage against gold. The idea is; hold gold and buy silver above 80:1 ratio and sell silver and buy gold at or below 40:1 ratio. After a cycle, you will end up having twice as much gold as if you just bought gold outright. If you think that silver cannot make major and quick advances relative to gold... look at 2020. We are just in a holding pattern, if you want confirmation, look for the 80:1 ratio level - that is currently acting as support to give way and for silver (smaller less liquid market) to make quick progress.
TVC:GOLDSILVERLong
by flyinkiwi10
Market Watch Can the NASDAQ Overcome Resistance or Will It Fall?The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current channel, which has been intact since September 6, 2024. If the price moves lower, the next key support levels are at $18,669.99 and $17,975.67. A breakdown below these levels could trigger further declines, and the market might follow suit with a broader selloff. These support levels are critical for any potential reversal. Keep a close eye on the resistance and support levels, as the direction here could influence the broader market sentiment in the coming weeks.
NASDAQ:IXIC
by CryptocurrencyWatchGroup
Bullish momentum to extend?S&P500 (US500) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 6,006.92 1st Support: 5,866.31 1st Resistance: 6,157.58 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:US500Long
by ICmarkets
AUS200: Bearish Signal with Key Supports in FocusHello, PEPPERSTONE:AUS200 index faced rejection at the 1W pivot point (PP) and closed below the 1M PP, signaling a clear bearish confirmation. If the strong 1M support at 8226.122 fails to hold, further downside is likely, but only if the price breaks and consolidates below this level. Additionally, keep an eye on the next support at 8211.454. If both these supports give way, we can expect the price to move towards the 1Y PP. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
PEPPERSTONE:AUS200
by TradeWithTheTrend3344
6
15.12.24The final week of 2024 will see key decisions from the Federal Reserve, Bank of Japan (BoJ), and Bank of England (BoE), likely impacting global markets. Fed Meeting: A 25-basis point rate cut is expected, with attention on guidance for 2025. The market will watch for signs of slower cuts if inflation rises or unemployment increases. BoJ Meeting: The BoJ is likely to hold rates steady, awaiting more data on wages and economic conditions. BoE Meeting: The BoE is expected to keep rates at 4.75%, with rate cuts possibly delayed until February due to UK economic weakness. Global PMI Data: Economic slowdown signals from Europe, the UK, and the U.S. suggest ongoing concerns about global growth. Oil Prices: Prices have risen amid tighter supplies from Russia and Iran sanctions, with potential demand boosts from lower global interest rates. Us30: After price fell below the previous weeks low, price kept on falling inidcating a weaker markets to inflation concerns and other factors. I will like to see if price can reach 42893.15 Ger40: Price struggled to traded out of previous weeks high and shows the strength being lost in the DAX. I'd still ike to see price break higher, till then at the start of the week I have price moving below 20366.4 first
EIGHTCAP:US30
by S0202Trades
#202450 - priceactiontds - weekly update - daxtl;dr dax xetra: Market has printed the most shallow two-legged pullback imaginable and this is as bullish as it gets. Are bulls getting stopped by at least 2 upper trend lines which could continue to be resistance? I highly doubt it. If we get above 20600, there is no reason to not just go to 21000 or higher. I have two potential measured moves above 21000 but until we have a daily close above 20800, there is no reason to look for targets that high. Bears can only begin to dream again with a daily close below 20000. Quote from last week: comment: Late bull breakout during the week like the week before that. Another clear buying signal going into next week. There is not much to add from my tl;dr. Both of my upper bull trend lines run through 20k and I have multiple measured move targets there. More than enough reasons to be bullish and look for longs. Bears can do almost nothing to change my mind, unless we see on giant bear bar closing below 19100 on Monday. comment: Since the market did not go down even the slightest, we can not hold any other thoughts than bullish ones. I won’t do anything other than small scalps on this though. On my chart I have marked the most extreme cases to either direction for the next 3 weeks. I give the bearish one a chance of at max 30% while the bulls are heavily favored to either move higher or at least sideways only. I can’t really imagine reaching 21500+ but that’s the biggest measured move I have calculated. I do think 21k and then sideways is the most reasonable outlook. current market cycle: Bull trend - parabolic rally which is the very end. key levels: 20000 - 21000 bull case: Bulls send a strong message, closing Opex above 20000, so they remain in full control and 21000 has become a possibility for the next 3 weeks. We are still trading near at least 2 upper bull trend lines but since market is not showing big reactions to the downside, we can only expect higher prices. A daily close above 20500 brings 21000 in play. Invalidation is below 19100. bear case: The pullback did not manifest at all and even if bears get this down to 20000 next week, I think we find way more buyers then sellers at that price. Bears really have no arguments at all on their side, besides the upper trend lines which are above us but at this point, I doubt they will be much resistance going into the next 3 weeks. Only thing that would make me more neutral would be a really strong bear bar closing below 20000 tomorrow. If bears somehow manage to do that, we could test down to my C target from last week, which is the breakout price around 19670. For now, I won’t look for shorts unless we see a huge volume increase on strong follow through-selling. Invalidation is above 20500. outlook last week: short term: No more bullish outlooks. I want to see big juicy red bars and people posting on x about “buying opportunity of a lifetime” while they double down all the way back to 19000. Neutral until bears come around. No interest in buying anything above 20100 as of now. 20k might be a decent long scalp for a quick bounce. → Last Sunday we traded 20384 and now we are at 20405. Perfect outlook, given I was neutral until bears would come around. They did not and market went nowhere on the week. short term: Given that we are in the most bullish season of the year and bears could not even get the market to drop into Opex, I can not hold any bearish wishful thought anymore and I will only look for small long scalps over the next 3 weeks. Daily close below 20000 would make me reevaluate. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade : None chart update: Added potential measured move higher.
XETR:DAXLong
by priceactiontds