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NIFTY : Trading Levels and Plan for 09-may-2025📊 Nifty Trading Plan for 09-May-2025 Timeframe: 15-Min | Previous Close (Approx.): 24,153.20 🔎 Key Technical Levels to Watch: 🔴 Opening Resistance: 24,290 🟧 Opening Support / Pivot Zone: 24,115 – 24,147 🟩 Immediate Support Zone: 24,000 – 24,032 🟦 Last Intraday Support Zone: 23,679 – 23,769 🟢 Major Support Level (Further Down): 23,191 📌 Sideways Resistance Zone (Higher Resistance): 24,434 – 24,480 🟢 1. Gap-Up Opening (📈 Opening above 24,253 — Gap of 100+ Points) If Nifty opens significantly above 24,253, it will likely be challenging the Opening Resistance level of 24,290 from the start. A gap of this nature indicates strong initial buying interest.   ✅ Plan of Action:   - If Nifty opens and sustains above 24,290, the initial move might extend towards the Sideways Resistance Zone (Higher Resistance) of 24,434 – 24,480.   - Educational Insight: When a gap up occurs directly into a resistance level (like 24,290), it's crucial to observe the first 15-30 minutes. Look for either:    - Continuation: Strong bullish candles breaking above 24,290 with good volume, confirming buyer strength. In this case, longs can be considered with a stop-loss below the opening range low, targeting 24,434.    - Rejection: If Nifty struggles at 24,290 or shows signs of weakness (e.g., long upper wicks, bearish engulfing patterns on the 15-min chart), it could be a sign of profit-booking or sellers stepping in. Shorts could be initiated below 24,250 (confirming the gap fill has started) for targets of 24,147 and then the Immediate Support Zone of 24,000 – 24,032.   - Avoid chasing the gap immediately. Wait for price to settle and provide a clear signal. A retest of the breakout level (24,290 if breached) from above would offer a better risk-reward entry for longs. 🟡 2. Flat Opening (🔄 Between 24,053 – 24,253) A flat opening, likely within the range of the Opening Support / Pivot Zone (24,115 – 24,147) and the Opening Resistance (24,290), suggests initial indecision. The previous close of ~24,153 falls into this scenario.   ✅ Plan of Action:   - The zone of 24,115 – 24,147 will be key.    - Bullish View: If Nifty holds above 24,147 and shows strength, longs can be initiated for a target of the Opening Resistance at 24,290. A convincing break above 24,290 could then target the Sideways Resistance Zone of 24,434 – 24,480.    - Bearish View: If Nifty breaks below 24,115 and sustains, it would indicate weakness. Shorts can be considered with targets at the Immediate Support Zone of 24,000 – 24,032.   - Educational Insight: Flat openings often lead to range-bound behavior initially. It's wise to wait for a breakout from the first 30-60 minutes range. Trading within the range can be risky unless clear support/resistance flips are observed on smaller timeframes. The direction of the break from this initial balance will likely set the tone for a significant portion of the session. 🔴 3. Gap-Down Opening (📉 Opening below 24,053 — Gap of 100+ Points) A gap-down opening below 24,053 would mean Nifty is opening near or below the Immediate Support Zone of 24,000 – 24,032. This indicates significant selling pressure from the outset.   ✅ Plan of Action:   - If Nifty opens below 24,032, watch how it reacts to this level.    - Potential Reversal: If the market finds support around 24,000 – 24,032 (e.g., forms a hammer, bullish engulfing, or double bottom on the 15-min chart), a bounce-back towards the gap-fill (towards 24,115 – 24,147) can be anticipated. Longs can be taken with strict stop-loss below the day's low.    - Continuation of Selling: If Nifty decisively breaks below 24,000 and sustains, further selling pressure can drag it towards the Last Intraday Support Zone of 23,679 – 23,769. In this case, short positions can be considered on a pullback to the breakdown level (around 24,000) or on continuation patterns.   - Educational Insight: Large gap downs can sometimes lead to sharp, short-covering rallies if they land in a strong support area. However, it's crucial not to try and "catch a falling knife." Wait for the price to stabilize and show signs of reversal (like a clear basing pattern or bullish candle formations) before considering long trades. If selling momentum is strong, attempting to go long too early can lead to quick losses. 💡 Risk Management Tips for Options Trading: 📏 Position Sizing is Key: Never allocate more than a small percentage of your trading capital (e.g., 1-2%) to a single trade. This helps in surviving drawdowns. 🎯 Define Stop-Loss Before Entry: For option buyers, this could be a percentage of premium (e.g., 20-30%) or based on the underlying spot Nifty level. For sellers, define the maximum acceptable loss or the spot level at which you'll exit. ⏳ Be Mindful of Time Decay (Theta): Especially when buying options, time decay accelerates as expiry approaches. Avoid holding onto losing OTM (Out-of-the-Money) options for too long, hoping for a turnaround. 🛡️ Consider Hedging for Volatility: If volatility is expected to be high or if you are unsure of the direction, consider strategies like spreads (bull call spread, bear put spread) or iron condors to limit risk. 💨 Don't Fight Strong Momentum: If the market is trending strongly, trading against the trend (e.g., buying puts in a strong uptrend) is generally a lower probability trade for option buyers unless a clear reversal is confirmed. 📖 Understand Option Greeks: A basic understanding of Delta, Gamma, Theta, and Vega can significantly improve your decision-making in options trading. 📌 Summary & Conclusion: Nifty stands at a point where the immediate direction will be heavily influenced by the opening. The pivot zone around 24,115 – 24,147 is crucial for flat openings. For Gap-Up openings , the ability to conquer and hold above 24,290 will be tested, with 24,434 – 24,480 as the next target. Failure could lead to a gap fill. For Flat opens , range-bound action between 24,032 and 24,290 is possible initially. A breakout from this range will offer clearer directional cues. For Gap-Downs , the 24,000 – 24,032 support zone is critical. A hold could offer a bounce, while a break could accelerate selling towards 23,679 – 23,769. Always prioritize setups that offer good risk-reward ratios, wait for confirmation, and manage your risk diligently. 📢 Disclaimer: I am not a SEBI-registered analyst. The above trading plan is intended purely for educational and informational purposes. It is based on technical analysis of the provided chart and should not be construed as financial advice. Trading in the stock market involves significant risk, and you may lose money. Please consult with your financial advisor before making any trading or investment decisions.
NSE:NIFTYShort
by LiveTradingBox
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
APL (APOLLO TUBES LTD)As of May 6, 2025, here are the key intraday support and resistance levels for APL Apollo Tubes Ltd (NSE: APLAPOLLO): 📊 Intraday Support & Resistance Levels Standard Pivot Points: Support Levels: S1: ₹1614.17 S2: ₹1599.23 S3: ₹1580.17 Resistance Levels: R1: ₹1648.17 R2: ₹1667.23 R3: ₹1682.17 Fibonacci Pivot Points: Support Levels: S1: ₹1614.17 S2: ₹1601.18 S3: ₹1593.15 Resistance Levels: R1: ₹1635.18 R2: ₹1648.17 R3: ₹1656.20 Camarilla Pivot Points: Support Levels: S1: ₹1615.18 S2: ₹1612.07 S3: ₹1608.95 Resistance Levels: R1: ₹1621.42 R2: ₹1624.53 R3: ₹1627.65 The current price of APL Apollo Tubes Ltd is trading above the Camarilla R3 and Fibonacci R1 levels, indicating strong bullish momentum. Traders may consider these levels for potential entry or exit points, keeping in mind that surpassing the R3 levels could suggest overbought conditions, while approaching S1 or S2 levels might indicate potential support zones.
NSE:APLAPOLLOLong
by TechnicalExpress
BHEL (Bharat Heavy Electricals Ltd)STOCK BREAKOUT STOCK: Bharat Heavy Electricals Ltd (BHEL) CMP: 225 KEEP SUPPORT : 220 TARGET: 235. In the latest short-term technical analysis, Bhel has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at *225 and holding above a key support level at *220. This support zone serves as a critical point for risk management. → Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at *220 to manage downside risk. The target for this trade is set at *235, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend.
BSE:BHELLong
by TechnicalExpress
Nifty Bank Index As of May 8, 2025, here are the key intraday support and resistance levels for the Nifty Bank Index (BANKNIFTY), based on various pivot point calculations: 📊 Intraday Support & Resistance Levels Pivot Type Support Levels Resistance Levels Classic S1: 54,125.76S2: 53,640.63S3: 53,361.36 R1: 54,890.16R2: 55,169.43R3: 55,654.56 Fibonacci S1: 54,113.03S2: 53,932.63S3: 53,640.63 R1: 54,697.03R2: 54,877.43R3: 55,169.43 Camarilla S1: 54,540.83S2: 54,470.76S3: 54,400.69 R1: 54,680.97R2: 54,751.04R3: 54,821.11 Woodie S1: 54,228.70S2: 53,692.10 R1: 54,993.10R2: 55,220.90 Demark S1: 54,265.40 R1: 55,029.80 Note: The central pivot point (PP) across these methods is approximately 54,405.03.h 🔍 Observations Immediate Support: The 54,000–54,200 range is a crucial support zone. A breach below this could indicate a bearish trend. Immediate Resistance: The 54,800–55,200 range serves as a significant resistance area. Sustained trading above this may suggest bullish momentum. Technical Indicators: The Relative Strength Index (RSI) for Nifty Bank is currently in the neutral zone (45–55), indicating a balanced market without a clear bullish or bearish bias. 📈 Trading Strategy Tips Bullish Scenario: If the index maintains levels above 54,800, it may target the 55,200–55,650 range. Bearish Scenario: A drop below 54,000 could lead to further declines toward 53,600 or lower. Neutral/Bounce Zone: The area between 54,400 and 54,700 is pivotal. Monitoring price action here can provide insights into potential breakouts or reversals
NSE:BANKNIFTY
by TechnicalExpress
NIFTY 50 INDEXNifty Expiry Day Game Plan (15-Min Chart) Key Level: 24,300 - Strong Support Bullish Scenario (High Probability) ✦ If market holds above 24,300: Look for bullish candles or retest bounce. Target 1: 24,500 Target 2: 24,800 (in upcoming sessions) X Bearish Scenario (Only if Breakdown) ✰ If price breaks & closes below 24,300 with volume:With followed Candle Need to Sustain Target: 24,110 Why this Zone -Prior selling seen below this zone us Federal Reserve leaves interest rates unchanged, remains at 4.25% - 4.50%. But warns of potential slowdown in achieving Federal Reserve's objectives.
NSE:NIFTYShort
by TechnicalExpress
ADITYA BIRLA CAPITAL LTD Company Name: Aditya Birla Capital Ltd (NSE: ABCAPITAL) Sector: Financial Services Market Cap: Large Cap | ~₹53,000 Cr Headquarters: Mumbai, India Parent Group: Aditya Birla Group 🧾 Business Overview: Aditya Birla Capital is a diversified financial services player offering a wide range of solutions across: Lending: Personal, SME, and housing loans through Aditya Birla Finance Asset Management: One of India's top AMC players via joint venture with Sun Life Insurance: Life and health insurance products Wealth & Broking: Wealth management, equity broking, and portfolio management services 💼 Key Strengths: Strong backing of Aditya Birla Group Wide distribution network across India Growing AUM and diversified revenue streams Focus on digital and retail loan expansion 📊 Stock Insight: NSE Symbol: ABCAPITAL 52-Week Range: ₹153 – ₹225 Trend: Medium-term bullish with support near ₹209 Support and Resistance Levels (Intraday – 15M): Immediate Resistance: ₹215.50 (Price tested this level twice, indicating strong short-term selling pressure.) Next Resistance: ₹218.20 (Gap-fill zone; breakout above this may trigger momentum buying.) Immediate Support: ₹211.70 (Recent bounce zone and short-term base.) Strong Support: ₹209.50 (Multiple rejections below this level; buyers likely to defend.) Trend Insight: Price is consolidating in a narrow range between ₹211.70 and ₹215.50. A breakout above or below this band may set the next directional move.
NSE:ABCAPITALShort
by TechnicalExpress
Reliance Industries Ltd //15min Support and ResistanceRELIANCE INDUSTRIES LTD – 15-Minute Chart Support & Resistance Support and Resistance Levels (Intraday – 15M): Immediate Resistance: ₹2,870 (Recent high and intraday rejection zone) Major Resistance: ₹2,895 (Near day's high; breakout can lead to strong momentum) Immediate Support: ₹2,840 (Short-term base and minor bounce level) Strong Support: ₹2,815 (Previous breakout zone; defended multiple times intraday) Trend Insight: RELIANCE is trading in a rising channel, with buyers stepping in around ₹2,840. Sustained move above ₹2,870 may trigger an upside breakout.
NSE:RELIANCEShort
by TechnicalExpress
KPR MILL LTD KPR MILL LTD – 1-Day Chart Support & Resistance Support and Resistance Levels (Daily Timeframe): Immediate Resistance: ₹810 (Recent swing high; needs breakout for bullish continuation) Major Resistance: ₹835 (Multi-month resistance zone; breakout can lead to a strong rally) Immediate Support: ₹770 (Recent consolidation base; key for trend sustainability) Strong Support: ₹745 (Previous breakout level and demand zone) Trend Insight: KPR Mill is in a medium-term uptrend, but facing consolidation near ₹810. A sustained close above ₹810 may trigger momentum, while ₹770 acts as a crucial support zone.
NSE:KPRMILLLong
by TechnicalExpress
NIFTY // 4hour Support and Resistance Index Name: NIFTY 50 Exchange: NSE | Benchmark index of the Indian equity market Constituents: 50 large-cap companies across 13 sectors 🧾 Overview: The NIFTY 50 represents India’s top-performing blue-chip companies and acts as a barometer of the overall market health. It covers sectors like financials, IT, FMCG, energy, and auto. 💼 Key Sector Weights: Financial Services – ~35% IT – ~13% Oil & Gas – ~12% Consumer Goods – ~9% Auto – ~6% 📊 Current Trend Insight (as of 4H chart): Index near resistance at 22,620 Holding support at 22,350 indicates buying strength Sustained breakout above 22,620 could lead to a move toward 22,800+ NIFTY 50 Index – 4-Hour Chart Support & Resistance Support and Resistance Levels (4H Timeframe): c Trend Insight: NIFTY is forming higher lows, indicating bullish strength. Consolidation above 22,350 strengthens the case for a breakout. Watch 22,620 for momentum entry confirmation.
NSE:NIFTY
by TechnicalExpress
2
Setup – Watch This Triangle Breakout! 🔺 Nifty50 Triangle Breakout – Big Move Loading? 📊 📆 30th April | 15-Minute Chart Nifty is tightly squeezed inside a symmetrical triangle, and a breakout or breakdown looks imminent! 🔍 Levels to Watch: 📈 Breakout Above: 24,371.60 → Possible Level: 24,395.20+ 📉 Breakdown Below: 24,313.55 → Possible Level: 24,290.40- 📊 Volume is compressing – this usually signals a powerful move ahead. Wait for clear candle confirmation with volume before entering. 🔔 💬 Patience pays. Trade the breakout, not the noise!
NSE:NIFTY
by simpletradewithpatience
Rising Wedge Breakout or Trap?📈 Nifty 50 – Rising Wedge Breakout or Trap? 🔍 🗓️ 2nd May 2025 | 15-Min Chart Analysis The Nifty 50 has been respecting a rising wedge pattern over the past few sessions. Today, we witnessed a sharp bounce from the lower trendline with a strong bullish candle and volume spike — just enough to test the upper boundary of the wedge! 💡 Key Observations: Price touched the upper trendline resistance – caution advised 🚨 Volume spike hints at possible breakout attempt or smart money exit Watch closely: A breakout with volume = bullish continuation 📈 A rejection here = possible reversal 📉 🔔 My Take: Momentum is strong, but the structure looks fragile. If it breaks out and sustains above the wedge, we could see a 100–150 point move. Else, a reversal towards 24,300 or below is also on the cards. Stay alert. 📊 Always trade with proper risk management. 📌 What’s your view? Breakout or fakeout? Drop your thoughts below!
NSE:NIFTY
by simpletradewithpatience