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Nifty Index // 45minutes Support and ResistanceAs of the market close on May 9, 2025, the Nifty 50 index stood at 24,008.00, marking a decline of 265.80 points (-1.10%) for the day. 📊 Intraday Support & Resistance Levels (45-Minute Timeframe) While specific 45-minute pivot points are not directly available, we can infer key intraday support and resistance levels based on recent market data: Immediate Resistance Levels: 24,164.25: Recent day's high, acting as immediate resistance. 24,273.80: Previous closing value, serving as a resistance point. 24,500.00: A psychological resistance level observed in recent trading sessions. Immediate Support Levels: 23,935.75: Recent day's low, acting as immediate support. 23,800.00: A key support zone identified in recent analyses. 23,500.00: A psychological support level observed in recent trading sessions. 🔍 Technical Indicators Summary As per the latest technical analysis: Relative Strength Index (RSI): 30.201 – Indicates a bearish condition. Stochastic Oscillator (9,6): 97.279 – Suggests an overbought condition. MACD (12,26): -105.46 – Indicates a bearish signal. Average Directional Index (ADX): 47.759 – Suggests a strong trend. Commodity Channel Index (CCI): -86.2237 – Indicates a bearish condition. These indicators collectively suggest a bearish outlook for the Nifty 50 index in the short term. 📈 Trading Insights Resistance Zone: The index faces resistance around the 24,164.25 to 24,273.80 range. A break above this zone could signal bullish momentum. Support Zone: Support is observed around the 23,935.75 to 23,800.00 range. A breach below this zone may indicate further downside potential.
NSE:NIFTY
by TechnicalExpress
ICICI Bank // 1day Support and ResistanceAs of May 9, 2025, ICICI Bank Ltd. (NSE: ICICIBANK) closed at ₹1,388.90. Here are the key daily support and resistance levels based on various technical analyses: 📊 Daily Support & Resistance Levels Standard Pivot Points Pivot Point: ₹1,410.20 Support Levels: S1: ₹1,398.60 S2: ₹1,377.30 S3: ₹1,365.70 Resistance Levels: R1: ₹1,431.50 R2: ₹1,443.10 R3: ₹1,464.40 Fibonacci Levels Pivot Point: ₹1,398.60 Support Levels: S1: ₹1,386.03 S2: ₹1,378.27 S3: ₹1,365.70 Resistance Levels: R1: ₹1,411.17 R2: ₹1,418.93 R3: ₹1,431.50 Camarilla Levels Support Levels: S1: ₹1,382.87 S2: ₹1,379.85 S3: ₹1,370.81 Resistance Levels: R1: ₹1,394.93 R2: ₹1,397.95 R3: ₹1,407.00 Woodie's Levels Pivot Point: ₹1,405.35 Support Levels: S1: ₹1,396.18 S2: ₹1,372.45 Resistance Levels: R1: ₹1,429.08 R2: ₹1,438.25 Demark Levels Support Level: S1: ₹1,371.50 Resistance Level: R1: ₹1,404.40 🔍 Observations The stock is currently trading below the Standard Pivot Point of ₹1,410.20, indicating potential bearish sentiment. Immediate support is observed around ₹1,398.60 (Standard S1) and ₹1,386.03 (Fibonacci S1). Resistance levels to watch include ₹1,411.17 (Fibonacci R1) and ₹1,431.50 (Standard R1).
NSE:ICICIBANKLong
by TechnicalExpress
STATE BANK OF INDIAAs of May 9, 2025, State Bank of India (NSE: SBIN) closed at ₹779.25. Based on various technical analyses, here are the key monthly support and resistance levels for SBIN: 📊 Monthly Support & Resistance Levels (May 2025) Standard Pivot Points Pivot Point: ₹839.43 Support Levels: S1: ₹784.72 S2: ₹733.93 S3: ₹679.22 Resistance Levels: R1: ₹890.22 R2: ₹944.93 Fibonacci Levels Pivot Point: ₹784.72 Support Levels: S1: ₹744.42 S2: ₹719.52 S3: ₹679.22 Resistance Levels: R1: ₹825.02 R2: ₹849.92 R3: ₹890.22 Camarilla Levels Pivot Point: ₹784.72 Support Levels: S1: ₹778.98 S2: ₹769.31 S3: ₹759.64 Resistance Levels: R1: ₹798.32 R2: ₹807.99 R3: ₹817.66 Woodie's Levels Pivot Point: ₹785.70 Support Levels: S1: ₹735.90 S2: ₹680.20 Resistance Levels: R1: ₹841.40 R2: ₹891.2 Demark Levels Support Level: S1: ₹759.33 Resistance Level: R1: ₹864.83 🔍 Observations The stock is currently trading near the Camarilla S1 level of ₹778.98, indicating potential support. The Fibonacci Pivot Point at ₹784.72 may act as a resistance if the stock attempts to move upward. Key support levels to monitor include ₹733.93 (Standard S2) and ₹719.52 (Fibonacci S2). Resistance levels to watch are ₹825.02 (Fibonacci R1) and ₹841.40 (Woodie's R1).
NSE:SBINLong
by TechnicalExpress
BHARAT FORGE LTDAs of May 9, 2025, Bharat Forge Ltd. (NSE: BHARATFORG) closed at ₹1,165.60. Below are the key monthly support and resistance levels based on various technical analyses: 📊 Monthly Support & Resistance Levels Standard Pivot Points Pivot Point: ₹1,215.77 Support Levels: S1: ₹1,067.43 S2: ₹955.87 S3: ₹807.53 Resistance Levels: R1: ₹1,327.33 R2: ₹1,475.67 Fibonacci Levels Pivot Point: ₹1,067.43 Support Levels: S1: ₹968.15 S2: ₹906.82 S3: ₹807.53 Resistance Levels: R1: ₹1,166.72 R2: ₹1,228.05 R3: ₹1,327.33 Camarilla Levels Pivot Point: ₹1,067.43 Support Levels: S1: ₹1,080.38 S2: ₹1,056.55 S3: ₹1,032.73 Resistance Levels: R1: ₹1,128.02 R2: ₹1,151.85 R3: ₹1,175.67 Woodie's Levels Pivot Point: ₹1,076.62 Support Levels: S1: ₹974.25 S2: ₹816.72 Resistance Levels: R1: ₹1,234.15 R2: ₹1,336.52 Demark Levels Pivot Point: ₹1,141.60 Support Level: S1: ₹881.70 🔍 Observations The stock is currently trading near the Fibonacci R1 level of ₹1,166.72, indicating potential resistance. The Camarilla R2 level at ₹1,151.85 has recently been surpassed, suggesting bullish momentum. Key support levels to monitor include ₹1,067.43 (Standard S1) and ₹1,056.55 (Camarilla S2).
NSE:BHARATFORGLong
by TechnicalExpress
Nifty Midcap Select IndexAs of May 9, 2025, the Nifty Midcap Select Index is exhibiting a mildly bullish trend on the 4-hour timeframe, supported by various technical indicators and pivot point analyses. 📊 4-Hour Support & Resistance Levels Based on recent technical data, the following are the key support and resistance levels for the Nifty Midcap Select Index: Support Levels: S1: 11,871.57 S2: 11,766.13 S3: 11,591.42 Resistance Levels: R1: 12,151.72 R2: 12,326.43 R3: 12,431.87 🔍 Technical Indicators (4-Hour Timeframe) Relative Strength Index (RSI): 74.96 – approaching overbought territory, suggesting potential for a short-term pullback. Moving Average Convergence Divergence (MACD): 250.27 – indicates bullish momentum. Average Directional Index (ADX): 25.11 – signifies a strengthening trend. Stochastic Oscillator: 96.87 – overbought condition, caution advised. Supertrend Indicator: Positioned at 11,824.56 – currently acting as a support level. Parabolic SAR: 11,733.42 – below the current price, reinforcing the bullish stance. 📈 Trend Analysis The index is trading above its 5-period and 15-period simple moving averages on the 4-hour chart, indicating a mild bullish crossover. This suggests continued upward momentum in the near term. ⚠️ Trading Insights Bullish Scenario: A sustained move above 12,151.72 could open the path toward 12,326.43 and potentially 12,431.87. Bearish Scenario: Failure to hold above 11,871.57 may lead to a retest of 11,766.13 or even 11,591.42.
NSE:NIFTY_MID_SELECT
by TechnicalExpress
NIFTY BANK INDEX Nifty Bank Index – 15-Minute Timeframe (As of May 9, 2025) 📌 Intraday Support & Resistance (15-min Chart): 🔻 Support Levels: 53,500 – Strong intraday support; multiple bounces seen here 53,200 – Minor support from morning session 52,900 – Gap-fill zone and previous demand area 🔺 Resistance Levels: 53,850 – VWAP + supply rejection area 54,200 – Key resistance from early session high 54,500 – Major barrier; breakdown retest level 📉 Intraday View: Trend remains weak below 54,200; bulls need a reclaim above 54,500 for momentum. Short-term scalpers should watch price action around VWAP (near 53,850).
NSE:BANKNIFTY
by TechnicalExpress
APPOLLO MICRO SYSTEM LTD Apollo Micro Systems Ltd – 1D Timeframe (As of May 9, 2025) 📌 Support & Resistance Levels (1-Day Chart Analysis): Resistance Levels: ₹137.00 – Intraday high; strong near-term resistance ₹145.00 – Previous swing high and psychological level ₹157.00 – 52-week high, major resistance zone Support Levels: ₹127.00 – VWAP zone; near-term intraday support ₹120.00 – Recent consolidation zone and demand area ₹114.30 – Today’s opening and previous base; key downside support 🔍 Technical Note: RSI is nearing overbought territory; price may consolidate below ₹137 unless a breakout is confirmed on high volume.
NSE:APOLLOLong
by TechnicalExpress
HDFC Bank Ltd // 4hour Support and ResistanceAs of May 8, 2025, here are the key 4-hour support and resistance levels for HDFC Bank Ltd (NSE: HDFCBANK), based on recent technical analyses and pivot point calculations: 📊 Key Support & Resistance Levels Immediate Support: ₹1,891.80 Immediate Resistance: ₹1,933.00 Current Market Price (CMP): ₹1,917.70 A sustained move above ₹1,933 may open room for further upside, potentially towards the ₹1,960–₹1,980 range, as per chart projections. 🔁 Pivot Point Levels (Daily) Pivot Type Support Levels Resistance Levels Classic S1: ₹1,938.90S2: ₹1,929.10S3: ₹1,912.60 R1: ₹1,965.20R2: ₹1,981.70R3: ₹1,991.50 Fibonacci S1: ₹1,938.90S2: ₹1,928.85S3: ₹1,912.60 R1: ₹1,955.15R2: ₹1,965.20R3: ₹1,981.70 Camarilla S1: ₹1,943.19S2: ₹1,940.78S3: ₹1,938.37 R1: ₹1,948.01R2: ₹1,950.42R3: ₹1,952.83 Woodie S1: ₹1,940.57S2: ₹1,932.45 R1: ₹1,958.75R2: ₹1,966.87 Demark S1: ₹1,934.00 R1: ₹1,960.30 📈 Technical Indicators Relative Strength Index (RSI): 72.46 (Strong Uptrend) Stochastic RSI: 0.92 (Strong Uptrend) Commodity Channel Index (CCI): 130.18 (Strong Uptrend) Money Flow Index (MFI): 86.61 (Strong Uptrend) These indicators suggest a strong bullish momentum, indicating potential upward movement if buying interest continues. 📌 Trading Insights Bullish Scenario: A decisive breakout above ₹1,933 could lead to a rally towards ₹1,960–₹1,980. Bearish Scenario: If the price falls below ₹1,891.80, it may test lower support levels around ₹1,870.69. Neutral Zone: The area between ₹1,891.80 and ₹1,933 is critical; price action within this range may indicate consolidation before the next significant move.
NSE:HDFCBANK
by TechnicalExpress