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Nifty Intraday Support & Resistance Levels for 20.01.2025On Friday, Nifty opened gap-down, touched a high of 23,292.10, and slipped to a low of 23,100.35, entering the 30m Demand Zone. However, it found support and bounced back, closing at 23,203.20, down 108 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976.00 - 23,196.45 Outlook Nifty found support in the 30m Demand Zone (23,063.25 - 23,122.80) and managed to recover. As long as the low of this demand zone holds, there is potential for a bullish trend in the coming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Trade Setup | 19th January 2025Nifty opened with a gap-down around 23285 but remained weak for the whole day and made low near 23100. Tomorrow, Sell Nifty if sustains below 23160 for the targets of 23120 and below marked level. On the other side, buy Nifty if sustains above 23220 for the targets of 23260 and above marked level on the chart. Expectations: Volatile Day Intraday Levels: Buy Above - 23220 Sell Below - 23160 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
1
NIFTY Intraday Trade Setup For 20 Jan 2025NIFTY Intraday Trade Setup For 20 Jan 2025 Bullish-Above 23320 Invalid-Below 23270 T- 23500+ Bearish-Below 23090 Invalid-Above 23140 T- 23850 NIFTY has closed on a bearish note with almost 1% cut last week. Weekly candle is a doji which can act as a continuation or reversal based on breakout of either high or low. In case low is broken then journey towards 21700 zone as per ABCD will proceed. In case 23400 is reclaimed then there will be a reversal scenario. 23320 and 23090 are Intraday levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23320 then we will long for the target of 23510. Pullback needed before breakout. For selling we need a 15 Min candle close below 23090. T- 22850. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
Nifty Intraday Support & Resistance Levels for 17.01.2025On Thursday, Nifty opened with a huge gap-up at 23,377.25, briefly making a high of 23,391.65, nearly touching the 30m Supply Zone. However, it failed to sustain the gains, dropping to a low of 23,272.05 before closing at 23,311.80, gaining 98 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook As anticipated, Nifty almost touched 23,400 but faced selling pressure at higher levels. Today’s session could be volatile, as heavyweights like Reliance and Infosys announced their quarterly results yesterday. At the time of writing, GIFT Nifty is trading 60 points lower, and Infosys ADR closed down by 5.78% overnight, suggesting a potential impact on the index.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, Nifty opened gap-up at 23,250.45 and showed mixed movements throughout the session. After making an early low of 23,165.30, it rallied to a high of 23,293.65, briefly entering the 15m supply zone. However, it faced resistance and dropped to a session low of 23,146.45, before recovering to close at 23,213.20, gaining 37 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Outlook Nifty tested the 15m supply zone and dropped signaling selling pressure at higher levels. However, the 30m demand zone is holding steady, providing hope for recovery. If this support remains intact, Nifty could aim for 23,400 or even 23,500 in the coming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, as anticipated, Nifty opened gap-up, dipped to a low of 23,134.15, and rallied to a high of 23,264.95, narrowly missing the supply zone by 10 points. However, it retraced back to near its low and closed at 23,176.05, gaining 90 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Outlook If the 30m demand zone holds firm, Nifty may attempt to reach 23,400 or even 23,500 in the upcoming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 14.01.2025On Monday, Nifty opened with a gap-down, reaching a high of 23,340.95 before sliding to a low of 23,047.25. It broke the crucial support levels at 23,263 (previous low) and 23,189 (61.8% FIBO). Nifty ended the day at 23,085.95, down 345 points from the previous close. The Weekly Trend (50 SMA) remains sideways, and the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Outlook Nifty appears oversold on lower timeframes (15m, 60m, 75m), and a potential bounce could occur if it sustains above the 23,000 level. Watch for signs of recovery around current levels, but resistance at higher levels might limit the upside in the near term.
NSE:NIFTY
by PriteshPalan
Nifty weekly analysis for 13/01/2025.The weekly charts of the index is looking bearish as the market has closed around the 50 EMA. A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels. If the support levels is breached it can test the lower support level of 22k. Sell on rise the market is there. On daily charts market has reversed from the levels but bullish trades can only be trade once the previous resistance level is taken out. Major levels Support :- 22340, 22650 Resistance :- 23750, 24175 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Support & Resistance Levels for 13.01.2025On Friday, Nifty opened flat to positive but experienced a highly volatile session. It initially rose to a high of 23,596 before dipping sharply to the day’s low of 23,344.35. A late-session recovery pushed it back to 23,596.60, but another drop near the day’s low followed, with Nifty closing at 23,431.50, down by 95 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, indicating caution. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 (inside Daily Supply Zone) Near Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 (inside Weekly Supply Zone) Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook Nifty's price action suggests it may face strong resistance near 23,645 - 23,727 and critical support at 23,263. A decisive move beyond these levels could set the tone for the upcoming sessions.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 10.01.2025On Thursday, Nifty opened flat to negative, briefly touched a high of 23,689.50, and then dropped sharply to 23,503.05, entering the 30-minute demand zone. It eventually closed at 23,526.50, losing 162 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) has shifted to negative, signalling a growing bearish momentum. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 (tested) Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty’s intraday action reflects increased selling pressure, with a dip into a minor demand zone. A breakdown below 23,496 could accelerate the bearish momentum.
NSE:NIFTY
by PriteshPalan
Nifty analysis for 09/01/2025.Nifty is trading around the major support zone and today it has formed a hanging man candle near the support. On the daily charts, there is a dual support i.e. 200 EMA and a support zone. A Head and shoulder Pattern is also being formed in charts. If the pattern is confirmed a good bearish move can be seen in the Indian market. Bullish trades can only be initiated only when there is a confirmation pattern near the support Major support zone :- 23146-23500 Resistance levels :- 23675, 24000 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Trade Setup | 7th January 2025Nifty opened with a minor gap-up, didn't sustain above our buy level 24055 and broke our sell level 23920 on the downside. Nifty made a low around 23550 and we saw good downside move today. Tomorrow, Buy Nifty if sustains above 23660 for the targets of 23710 and above marked level. On the other side, Sell Nifty if sustains below 23550 for the targets of 23490 and below marked level on the chart. Expectations: Volatile day Intraday Levels: Buy Above - 23660 Sell Below - 23550 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
NSE:NIFTY
by InvestPro_India
2
Nifty Intraday Support & Resistance Levels for 07.01.2025On Monday, Nifty opened on a positive note, reaching a high of 24,089.95. However, intense selling pressure dominated the session, driving the index over 500 points lower to a low of 23,551.90, breaking all near-demand/support zones. It finally settled at 23,616.05, losing 388 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As predicted in posts since October 2024, Nifty is gradually slipping into bear market territory, evident from the sharp 674-point decline since touching the Daily Supply Zone on 2nd January. The current sentiment remains weak, with support levels being tested. Watch for 23,100 - 23,300 as a critical zone to hold and monitor for selling pressure near 23,900 - 24,400.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 06.01.2025On Friday, Nifty opened flat and experienced a volatile session. It made a high of 24,196.45 but faced selling pressure from the daily supply zone, causing a drop to a low of 23,976. It closed at 24,004.75, losing 184 points compared to the previous close. Both the Weekly Trend and Daily Trend (50 SMA) remain sideways. Demand/Support Zones Near Demand/Support Zone (30m): 23,916.70 - 23,974.15 Near Demand/Support Zone (125m): 23,678.35 - 23,822.80 Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, Nifty opened gap-up, found support at 23,751.55, and rallied impressively to a high of 24,226.70, entering the Daily Supply Zone. It closed strong at 24,188.65, gaining a substantial 445 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from negative to sideways. Demand/Support Zones Near Demand/Support Zone (30m): 23,916.70 - 23,974.15 Near Demand/Support Zone (125m): 23,678.35 - 23,822.80 Far Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (current price inside this zone) Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
NIFTY analysis for tomorrow 03 JAN 24As we discussed, the NIFTY has been in sideways accumulation phase, it has broken to upside. If we look at the chart now: The market is trading at 50 EMA (1D-tf) and 200 EMA (4H-tf) resistance levels. Also, the market has given good bullish momentum today. Tomorrow might be a small side day. Also, the market is trading near the resistance level, which is going to provide good resistance. Important levels and trendlines have been marked on the chart. Support levels: 200 EMA, 23950, 50 EMA (23800) Resistance levels: 24167, Trendline (PINK), 24330 If we look at the OI data: PCR = 1.2, which shows a good bullish structure in the market. The market has 24200 as max pain. As it is the very beginning of the weekly expiry, OI data is not going to play a very crucial role. Lower sides 24000, 23900, and 23800 have very good PE writing, so bulls are quite strong on lower levels. On higher levels, 24500 has good CE writing, which is going to provide good resistance. I am expecting The market is to be sideways unless it breaks the PINK trendline. Reason: RSI = 77 shows a bullish structure. (Bullish) - Price > EMA(13, 50, 200), which indicates a good Bullish structure. (Bullish) PCR = 1.2 indicates bullish direction in the market. Price > VWAP shows a good bullish structure in the market.   Verdict: Sideways or Bullish Plan of action: Sell 24200 CE and Sell 24200. PE holds it in the range. Exit one leg if it breaks to one side.
NSE:NIFTYLong
by finnova_
11
Nifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, Nifty opened flat to negative, dipping to a low of 23,562.80 before rallying to the day’s high of 23,822.80. It ended the session flat at 23,742.90, gaining 98 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Demand/Support Zone (15m): 23616.50 - 23656.60 Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 01.01.2025On Tuesday, Nifty opened gap-down, re-entering the 75-minute demand zone, and made a low of 23,460.45. It bounced back to touch a day high of 23,689.85 but closed flat at 23,644.80, losing just 0.10 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Support Level: 23,263 (low of 21st November 2024) Far Support Level: 23,189.88 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,862.05 - 23,915.35 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook Nifty's bounce from the demand zone highlights strong buyer interest at lower levels. However, resistance near 23,915.35 remains a key hurdle. A sustained move above this level could open doors for higher targets, while failure to hold above 23,263 may invite further selling pressure. ✨ Wishing everyone a happy and prosperous New Year 2025! ✨
NSE:NIFTY
by PriteshPalan