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BANKNIFTY

Bajaj Finance ltd // 4hour Support and ResistanceAs of May 3, 2025, Bajaj Finance Ltd (NSE: BAJFINANCE) is exhibiting the following key support and resistance levels on a 4-hour timeframe: 📊 4-Hour Support and Resistance Levels Level Price (₹) Type Support 1 8,316.37 Support 2 8,236.03 Support 3 8,184.07 Resistance 1 8,448.67 Resistance 2 8,500.63 Resistance 3 8,580.97 These levels are derived from the classic pivot point method and are crucial for traders to monitor, as movements beyond these points may indicate potential changes in the stock's trend. 🔍 Technical Indicators As of the latest available data: Relative Strength Index (RSI): 64.48, indicating an uptrend. Stochastic RSI: 0.6, suggesting upward momentum. Commodity Channel Index (CCI): 199.12, reflecting a strong uptrend. Money Flow Index (MFI): 75.33, indicating strong buying pressure. These indicators suggest a bullish trend, with the stock trading above its 20-day and 50-day Simple Moving Averages (SMA), and the 100-day and 200-day SMAs indicating an uptrend. 📈 Strategy Considerations Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹8,316.37, it may continue its upward movement towards Resistance 1 at ₹8,448.67. Bearish Scenario: A drop below Support 1 could signal a potential reversal or consolidation phase. Please note that these levels are based on historical data and should be used in conjunction with other technical analysis tools and market conditions.
NSE:BAJFINANCE
by Ashwani123
Bank Nifty spot 55115.35 by the Daily Chart view - Weekly UpdateBank Nifty spot 55115.35 by the Daily Chart view - Weekly Update - Support Zone 53825 to 54200 Index Band - Next Support Zone 52790 to 53300 Index Band - Resistance seen only at Bank Nifty Lifetime High Level 56098.70 - Bank Nifty is sustaining above the immediate Support Zone at 53825 to 54200 over past 2 weeks. - This is an indication of the Index keeping calm and contained to the ongoing uncertainty of cross border situation - Let us hope for the best to happen for a positive outcome over the coming days/weeks and foresee New ATH creation
NSE:BANKNIFTY
by PIYUSHCHAVDA
Support and Resistance part 2In technical analysis, support and resistance refer to price levels on a chart where the market's movement is expected to pause or reverse due to the forces of supply and demand. Support is a price level where the price has historically stopped falling, indicating that buyers are plentiful at that price point, and that the market is likely to bounce back upwards. Resistance, on the other hand, is a price level where the price has historically stopped rising, suggesting that sellers are abundant and the market is likely to fall back down.
NSE:HDFCBANKEducation
by SkyTradingZone
Maruti Suzuki India Ltd // 4hour Support and ResistanceAs of May 2, 2025, the 4-hour intraday chart for Maruti Suzuki India Ltd (NSE: MARUTI) indicates a bullish trend, with the stock trading at ₹12,257. The following support and resistance levels are derived from recent price action and technical analysis: 📈 4-Hour Intraday Support and Resistance Levels Immediate Support Levels: S1: ₹12,232 S2: ₹11,955 S3: ₹11,717 Immediate Resistance Levels: R1: ₹12,806 R2: ₹13,261 R3: ₹13,717 These levels are based on recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 🔍 Technical Indicators RSI (14): 64.81, indicating bullish momentum. MACD: 215.3, with a signal line of 116.03, suggesting upward momentum. MFI (14): 76.87, indicating buying pressure. EMA (50): ₹12,553.90, with the stock trading above this level, indicating a bullish short-term trend. EMA (200): ₹12,348.91, with the stock trading above this level, indicating a bullish long-term trend. These indicators suggest a continuation of the bullish trend, with potential for further upside movement. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹13,280, contingent upon sustained volume and price momentum. ⚠️ Important Notes Risk Management: Always use appropriate stop-loss orders to manage risk. Market Conditions: Intraday levels are subject to change based on market conditions and news events.
NSE:MARUTILong
by Ashwani123
State Bank of India // 2hour Support and ResistaneAs of May 2, 2025, the State Bank of India (SBIN) is trading at ₹728.05, up 0.84% from the previous close of ₹722.00. 📈 2-Hour Intraday Support and Resistance Levels Based on recent technical analysis and intraday chart patterns, here are the key support and resistance levels for SBIN on a 2-hour timeframe: Immediate Support Levels: S1: ₹723.00 S2: ₹718.00 S3: ₹710.00 Immediate Resistance Levels: R1: ₹735.00 R2: ₹745.00 R3: ₹755.00 These levels are derived from recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 🔍 Technical Indicators 50-Day EMA: ₹858.16 (Stock is trading above this level, indicating a bullish short-term trend) 100-Day EMA: ₹839.78 (Stock is trading above this level, indicating a bullish mid-term trend) 200-Day EMA: ₹812.92 (Stock is trading above this level, indicating a bullish long-term trend) MACD: Bearish crossover observed, suggesting potential short-term weakness RSI (14): Below 30, indicating oversold conditions MFI (14): 24.19, suggesting sideways movement CCI (20): Below -100, indicating oversold conditions William %R (14): -78.98, indicating oversold conditions ADX (14): Above 20 with +DI below -DI, indicating a downtrend PSAR: 238.73, acting as a stop-loss for long positions These indicators suggest a potential short-term pullback, but the overall trend remains bullish. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹1,342.35, contingent upon sustained volume and price momentum. ⚠️ Important Notes Risk Management: Always use appropriate stop-loss orders to manage risk. Market Conditions: Intraday levels are subject to change based on market conditions and news events. Consult Professionals: Consider consulting with a financial advisor before making investment decisions.
NSE:SBIN
by Ashwani123
NIFTYBANK INDEX#NIFTYBANK Pre-Market Analysis for 02 May Nifty Bank - *Gap-Up Opening*: GiftNifty indicates a gap-up opening. - *Chart Analysis*: - Clear selling indicates presence of sellers. - Breakdown of 55000 level removed buyers and added fresh sellers. - *Trading Strategy*: - Consider staying on buying side, targeting sellers' stop-losses. - Avoid selling in gap-down opening with negative movement, as there may not be sufficient downside buyers' stop-losses. - *Important Reminders*: Review the marked points on the chart for better understanding. - Trade with proper confirmation and avoid trading in FOMO (Fear of Missing Out). - Focus on making one well-planned trade per day. - *Note*: This analysis is based on my perspective, and market situations can change quickly. Stay disciplined and prioritize risk management.
NSE:BANKNIFTY
by Ashwani123
ICICI BANK LTD 15 MIN CHARTAs of May 2, 2025, the 15-minute intraday chart for ICICI Bank Ltd (NSE: ICICIBANK) indicates a bullish trend, with the stock trading at ₹1,250.05, up 0.49% for the day. 📈 Key Technical Levels Resistance Levels: R1: ₹1,245.82 R2: ₹1,259.55 R3: ₹1,275.00 Support Levels: S1: ₹1,230.00 S2: ₹1,215.00 S3: ₹1,200.00 These levels are derived from recent price action and volume analysis, indicating potential breakout points and areas where the stock may find support. 📊 Chart Patterns A recent Cup and Handle pattern has been observed, with the price breaking out from the handle formation. The measured move suggests a potential target of ₹1,342.35, contingent upon sustained volume and price momentum. 🔍 Market Sentiment ICICI Bank's stock has shown resilience, with a 1.80% increase over the past week and a 16.05% rise over the past year. Analysts maintain a positive outlook, with price targets ranging from ₹1,290 to ₹1,675.
NSE:ICICIBANKShort
by Ashwani123
BANKNIFTY : Trading Levels and Plan for 02-May-2025📊 BANK NIFTY 15-Min Trading Plan for 2-May-2025 (Gap Opening Consideration: 200+ Points | Chart-based | Structure-Oriented) 📍 Previous Close: 54,956.50 📌 Important Chart Levels to Monitor: 🔺 Resistance Zones: 🔴 Opening Resistance: 55,443 🔴 Last Intraday Resistance: 55,736 🟢 Possible Upside Target: 56,202 🔻 Support Zones: 🟧 Opening Support/Resistance Flip Zone: 55,064 🟨 Last Intraday Support: 54,557 🟩 Buyer’s Strong Support: 54,020 – 53,843 🟥 Scenario 1: Gap-Up Opening (Above 55,443) 🚀 A gap-up above 55,443 directly opens into the resistance zone; this area is a supply pocket where sellers are likely to be active. Avoid aggressive longs unless a clean 15-min breakout candle closes above 55,443 with follow-through price action toward 55,736. If Nifty Bank gets rejected around 55,443–55,736, expect a pullback to test the Opening Support at 55,064 or even 54,956. For long trades beyond 55,736, wait for price to establish strength above this zone. Only then should targets like 56,202 be considered. A “gap-up failure” scenario is possible if prices open higher but close back below 55,443 early—this could attract intraday shorts. 📚 Educational Tip: Gaps into resistance zones often trap early bulls. Let price prove its strength by sustaining above key resistance before committing. 🟨 Scenario 2: Flat Opening (Between 55,064 – 54,557) ⚖️ A flat or minor gap open within this range places Nifty Bank inside the neutral, indecisive zone —both buyers and sellers will fight for dominance. Let the first 15–30 mins play out and observe if price is rejecting the Opening Resistance at 55,443 or taking support at 54,557. If price climbs above 55,443 with structure, a move toward 55,736 becomes likely. Above that, watch for 56,202 with momentum. A break below 54,557 could bring in further weakness with a possible slide toward 54,020 – 53,843, but this area is a demand zone, so reversals may occur. Look for directional conviction from price action before initiating trades. Range-bound play can eat option premiums. 📚 Educational Tip: Flat opens offer excellent trades post zone breakout or reversal setups. Don’t jump early—allow structure to evolve. 🟩 Scenario 3: Gap-Down Opening (Below 54,557) 📉 A gap-down below 54,557 brings the spotlight directly to the Buyer’s Demand Zone: 54,020 – 53,843. If price shows bullish reversal candles (like pin bars, engulfing patterns) in this demand pocket, aggressive longs can be attempted with stop loss just below 53,843. However, if this zone fails to hold, we could witness a continuation sell-off targeting deeper zones (which will need re-mapping on intraday basis). Be cautious of chasing shorts directly into demand. Best trades arise if price bounces first and then rejects resistance levels like 54,557 from below. Wait for rejection + confirmation (e.g., a lower high and breakdown candle) to re-enter shorts after a minor bounce. 📚 Educational Tip: Gap-downs into strong support zones often offer best risk-reward trades. Let buyers defend the zone first before buying blindly. 💡 Options Risk Management Tips for Intraday Traders ⚠️ Don’t trade immediately after market opens—wait 5–10 mins for option premiums to settle. Always use a stop loss and define your risk before entering a position. Prefer trading ITM or ATM options with directional bias to avoid premium decay. If buying options, be aware of time decay especially during sideways markets—avoid overtrading. Use vertical spreads (Bull Call / Bear Put) in high IV environments to reduce theta loss. Avoid averaging losing trades—respect your maximum daily loss limits (e.g., 2% of capital). Don't convert intraday positions into swing trades emotionally. Accept small losses and stay in the game. 📝 Summary & Conclusion: ✅ Gap-Up Opening (Above 55,443): Be cautious of reversal setups. Longs only if strength builds above 55,736. Watch for gap-fade traps. ✅ Flat Opening (Between 55,064 – 54,557): Wait for a range breakout. Levels like 55,443 and 54,557 are the key breakout boundaries. ✅ Gap-Down Opening (Below 54,557): Watch 54,020 – 53,843 zone closely for long reversal opportunities. Failing this zone could bring panic selling. 📌 Stay objective. Let price come to your plan. Patience, structure, and strict risk control will separate professionals from impulsive traders. ⚠️ Disclaimer: I am not a SEBI-registered analyst. The above analysis is shared purely for educational purposes. Please consult a certified financial advisor before taking any trade or investment decision.
NSE:BANKNIFTYShort
by LiveTradingBox