Bank NiftyBank Nifty Intraday Outlook - 1H Chart (May 05)
Price is hovering near a key support zone. A breakdown could lead to further downside, but watch for a potential bounce from the recent support area. Plan your trades wisely!!
Key Levels to Watch:
Support: 54,400-54,600
Resistance: 55,500-56,000
Stay disciplined. Trade with logic, not emotion.
HDFC
Option TradingOptions trading may seem overwhelming at first, but it’s easy to understand if you know a few key points. Investor portfolios are usually constructed with several asset classes. These may be stocks, bonds, exchange-traded funds (ETFs), and mutual funds. Options are another asset class, and when used correctly, they offer many advantages that trading stocks and ETFs alone cannot.
Tata Power Corporation Ltd // 3hour Support and ResistanceAs of May 3, 2025, here are the key 3-hour support and resistance levels for Tata Power Company Ltd (NSE: TATAPOWER):
📊 3-Hour Support and Resistance Levels
Level Price (₹) Type
Support 1 349.81
Support 2 348.43
Support 3 346.76
Resistance 1 352.86
Resistance 2 354.53
Resistance 3 355.91
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): 44.03, indicating neutral momentum.
Stochastic RSI: 0, suggesting oversold conditions.
Commodity Channel Index (CCI): -133.29, reflecting bearish momentum.
Money Flow Index (MFI): 56.07, indicating neutral buying and selling pressure.
These indicators suggest a neutral to slightly bearish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹349.81, it may continue its upward movement towards Resistance 1 at ₹352.86.
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.
Tata Motors Ltd //1day Supoort and ResistanceAs of May 3, 2025, here are the key 1-day support and resistance levels for Tata Motors Ltd (NSE: TATAMOTORS):
📊 1-Day Support and Resistance Levels
Level Price (₹) Type
Support 1 703
Support 2 690
Support 3 683
Resistance 1 724
Resistance 2 731
Resistance 3 744
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): 47.9, indicating neutral momentum.
Stochastic RSI: 0.33, suggesting a downtrend.
Commodity Channel Index (CCI): 32.01, reflecting neutral momentum.
Money Flow Index (MFI): 65.42, indicating an uptrend.
These indicators suggest a neutral to slightly bullish outlook for the stock.
📈 Strategy Considerations
Bullish Scenario: If the stock price maintains above the support levels, particularly Support 1 at ₹703, it may continue its upward movement towards Resistance 1 at ₹724.
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.
INDIAN RAIL TOUR CORPORATION LTDIRCTC | All Aboard the Breakout Train!
IRCTC is showing massive strength on the weekly charts - we're breaking out of a long-term channel that has capped price for months! This is a high-conviction setup for long-term investors looking to ride the India growth story through the railway sector.
Why IRCTC?
• Strong technical breakout
• Clean price structure with bullish momentum
Railway reforms + rising travel demand = long-term tailwinds
Investment View:
Add at CMP & on dips for long-term targets:
Target 1: 1080
Target 2: 1440
Time Horizon: 2+ years
If you're looking for a solid compounder in the railway space, IRCTC should definitely be on your radar!
NIFTY 50 INDEX
NIFTY 50 | Impulse Rally Nearing Completion - Selling Can Start Soon! ▼
NIFTY 50 appears to be nearing the final stage of Wave 5 of the larger degree Wave 1. Price has reached the crucial Fibonacci resistance zone at 24679, and the broader 24700-24800 range is shaping up as a strong shorting zone. This area is technically significant and could trigger profit booking or fresh selling pressure as we approach the upper boundary of the wave count.
If the index closes near the day's high today, there's a strong possibility that Monday opens with a gap-up, but this is likely to face heavy selling within the first 1-2 hours. The momentum is stretched, and the current rally looks exhausted on the lower time frames.
As we step into the next phase, a corrective Wave 2 is expected to unfold, with downside potential towards 24000 and even 23600 as part of this pullback. This leg could provide better positioning for medium-term traders. The broader structure now signals that the impulse rally is overextended, and selling can begin soon from these stretched levels.
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.
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.
Management and PsychologyTrading psychology refers to the emotional and mental state influencing a trader's decisions. It involves managing emotions like fear and greed, which can impact rational judgment and risk-taking, thus affecting trading outcomes. A disciplined mindset helps traders make logical decisions under pressure.
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.
Indian Oil Corporation LtdAs of May 2, 2025, the key intraday support and resistance levels for Indian Oil Corporation Ltd (NSE: IOC) are as follows:
Immediate Support Levels:
₹131.75
₹130.22
Immediate Resistance Levels:
₹138.63
₹146.46
These levels are derived from technical analysis and are subject to change based on market conditions.
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.
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.
PRESTIGE ESTATES LTDPRESTIGE Estate Ltd view for Intraday 2nd May #PRESTIGE
Resistance 1385 Watching above 1387 for upside movement...
Support area 1360 Below 1360 ignoring upside momentum for intraday
Watching below 1358 for downside movement...
Above 1385 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
NIFTY 50 INDEX #NIFTY50 Analysis (02 May 2025):
• Pattern: Double Top near 24,520
• Resistance Zones:
* Major: 24,510 - 24,530
* Minor: 24,360-24,400
• Support Zones:
* Immediate: 24,150
* Strong: 24,000 - 23,840
(Bearish Reversal Indication)
RSI Divergence (not shown, assumed) hints at weakening momentum near top.
Fundamental Note: FIl flows, earnings season volatility, and U.S. Fed
commentary are driving current swings.
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.
Database Trading part 3Trading data is a sub-category of financial market data. It provides real-time information about stock and market prices as well as historical trends for assets such as equities, fixed-income products, currencies and derivatives. Trading data also includes information about trades historically and over the course of a trading day, such as the latest bid, asking price and time of the last trade.
ITC LTD // 1week Support and ResistanceAs of May 1, 2025, at 10:20 AM IST, ITC Ltd (NSE: ITC) is trading at ₹403.05. Based on recent technical analysis, here are the key support and resistance levels for the stock on a weekly (1W) chart:
📊 Weekly Support and Resistance Levels
Immediate Support Levels:
₹402.50
₹394.45
₹388.00
Immediate Resistance Levels:
₹409.10
₹417.30
₹423.75
These levels suggest that if the stock price declines below ₹402.50, it may find support around ₹394.45 and ₹388.00. Conversely, if the price rises above ₹409.10, it could encounter resistance near ₹417.30 and ₹423.75.
🔍 Technical Indicators
ADX (Average Directional Index): 29.19 – indicates a trending market.
RSI (Relative Strength Index): 47.4 – suggests neutral momentum.
MACD (Moving Average Convergence Divergence): -4.66 – indicates a negative trend.
CCI (Commodity Channel Index): 2.74 – suggests neutral momentum.
These indicators suggest a neutral to slightly bearish outlook for ITC in the short term.
📈 Summary
ITC is currently trading near its immediate support levels. A break below ₹402.50 could lead to a decline towards ₹394.45 and ₹388.00. On the upside, resistance is observed at ₹409.10, ₹417.30, and ₹423.75. Traders should monitor these levels closely, as a decisive move beyond these support or resistance levels could signal the next directional move.
ICICI Bank // 4hour Support and ResistanceAs of May 1, 2025, at 10:08 AM IST, ICICI Bank Ltd (NSE: ICICIBANK) is trading at ₹1,266.75. Based on recent technical analysis, here are the key support and resistance levels for the stock on a 4-hour (4H) chart:
📊 4-Hour Support and Resistance Levels
Immediate Support Levels:
₹1,266.75 (current price)
₹1,258.00
₹1,248.00
Immediate Resistance Levels:
₹1,278.00
₹1,288.00
₹1,298.00
These levels suggest that if the stock price declines below ₹1,266.75, it may find support around ₹1,258.00 and ₹1,248.00. Conversely, if the price rises above ₹1,278.00, it could encounter resistance near ₹1,288.00 and ₹1,298.00.
🔍 Technical Indicators
ADX (Average Directional Index): 17.73 – indicates a weak trend.
RSI (Relative Strength Index): 55.87 – suggests neutral momentum.
MACD (Moving Average Convergence Divergence): 11.45 – indicates a positive trend.
CCI (Commodity Channel Index): 88.61 – suggests the stock is in an uptrend.
These indicators suggest a neutral to slightly bullish outlook for ICICI Bank in the short term.
MAX FINANCIAL SERVICES LTDAs of May 1, 2025, at 9:35 AM IST, here are the key daily support and resistance levels for Max Financial Services Ltd. (NSE: MFSL) based on recent technical analysis:
🔹 Support Levels
S3: ₹1,011.58
S2: ₹1,020.37
S1: ₹1,030.43
🔹 Resistance Levels
R1: ₹1,049.28
R2: ₹1,058.07
R3: ₹1,068.13
These levels are derived from the Classic pivot point method, calculated based on the price range of the previous trading day.
📊 Technical Indicators
RSI (14): 50.14 (Neutral)
MACD: 1.57 (Sell)
ADX (14): 22.20 (Neutral)
Williams %R: -51.44 (Buy)
CCI (14): 68.41 (Neutral)
ROC: 3.45 (Buy)
These indicators suggest a neutral to slightly bullish trend, with the stock trading near its 20-day moving average and showing mixed momentum signals.
📈 Moving Averages
20-day EMA: ₹1,073.42
50-day EMA: ₹1,109.36
100-day EMA: ₹1,118.91
200-day EMA: ₹1,086.00
The stock is trading below its 50-day and 100-day EMAs, indicating a potential resistance zone around ₹1,109.36.
Note: These levels and indicators are based on historical data and are subject to change with market conditions. It's advisable to monitor the stock's price movements and consult with a financial advisor before making any trading decisions.
PIL ITALICA LIFESTYLE LTDAs of May 1, 2025, at 9:20 AM IST, here are the key daily support and resistance levels for Pil Italica Lifestyle Ltd (NSE: PILITA) based on recent technical analysis:
🔹 Support Levels
S1: ₹14.71
S2: ₹14.40
S3: ₹14.02
🔹 Resistance Levels
R1: ₹15.40
R2: ₹15.78
R3: ₹16.09
These levels are derived from the Classic pivot point method, calculated based on the price range of the previous trading day.
Technical Indicators:
RSI (14): 66.92 (Uptrend)
MFI: 88.87 (Strong Uptrend)
CCI (14): 262.93 (Strong Uptrend)
EMA (20): ₹13.37 (Neutral)
EMA (50): ₹12.94 (Uptrend)
EMA (100): ₹12.72 (Uptrend)
EMA (200): ₹12.27 (Uptrend)
These indicators suggest a bullish trend, with the stock trading above key moving averages and strong momentum indicators.
Please note that these levels are based on historical data and are subject to change with market conditions. It's advisable to monitor the stock's price movements and consult with a financial advisor before making any trading decisions.