TIME to get CAUTIOUS!! Save your MONEY !!As we can see despite the trendline break and strong reversal, we can see it trading around important SUPPLY zone which is around 23400-23500 levels which is also a psychological level hence any signs of reversal round these zones could show massive unidirectional fall the very same way it recovered so, unless NIFTY sustains itself above 23400-23500 levels no new long position should be made strictly and existing longs and can booked partially so nullify your losses in case if goes against your plan so plan your trades accordingly and keep watching everyone cautiously.
Supply and Demand
Banknifty Intraday Analysis for 21st March 2025NSE:BANKNIFTY
Index closed near 50065 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
51000 Strike – 15.38 Lakh
50500 Strike – 13.93 Lakh 49000 Strike – 10.82 Lakh
Put Writing
49000 Strike – 22.66 Lakh
50000 Strike – 13.39 Lakh
49500 Strike – 10.77 Lakh
Index has resistance near 50500 – 50600 range and if index crosses and sustains above this level then may reach near 51000 – 51100 range.
Index has immediate support near 49650 - 49550 range and if this support is broken then index may tank near 49100 - 49000 range.
Nifty Breaks Out of The Falling Downtrend Line!As discussed in the previous Weekly Analysis, Nifty has begun it's Pullback!
Time to prepare for Coming Weeks..
We face Resistance at 3 Zones
1. Small Resistance at 23350+-100
2. Large Resistance at 23800+-100
3. Mega Resistance at 24800+-100
These are the zones where some profit booking can be anticipated.
Accordingly 3 Scenarios are in the Play.
Understand that Trading is a Game of Probability.
It's advisable to be prepared for any of the 3 Scenarios A B C.
Although Technically Scenario B seems to the most likely one to Play Out.
Share your Thoughts and Views in the Comments section to make this Publication a more Fruitful one.
Positional or Longterm Opportunity in KfinechGo Long @ 918.55 for Targets of 1109.65, 1205.2, 1300.75, and 1491.85 with SL 439.15
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Besides, a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.618 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple) which earlier was acting like resistance but now is providing support to the stock.
4. There is also a strong Trendline (marked with green) that is providing support to the stock.
Abbott India Swing TradeOn weekly time frame, sellers are trapped badly in Abbott India which can fuel a good potential up move. Also it has recently grabbed liquidity from previous week low so if Nifty holds above 23000 then there are high chances of Abbott to reach T1 and T2 which will be a 1:5 RR trade.
Nifty Intraday Analysis for 24th March 2025NSE:NIFTY
Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 116.15 Lakh 23600 Strike – 85.34 Lakh
23500 Strike – 72.13 Lakh
Put Writing
23000 Strike – 132.93 Lakh
23200 Strike – 73.81 Lakh
23100 Strike – 69.13 Lakh
Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23625 - 23675 range.
Index has immediate support near 23200 – 23150 range and if this support is broken then index may tank near 23050 – 23000 range.
Banknifty Intraday Analysis for 24th March 2025NSE:BANKNIFTY
Index closed near 50595 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
51000 Strike – 12.82 Lakh
51500 Strike – 10.98 Lakh 50500 Strike – 10.18 Lakh
Put Writing
50000 Strike – 15.81 Lakh
49500 Strike – 13.11 Lakh
50500 Strike – 8.63 Lakh
Index has resistance near 51000 – 51100 range and if index crosses and sustains above this level then may reach near 51500 – 51600 range.
Index has immediate support near 50100 - 50000 range and if this support is broken then index may tank near 49600 - 49500 range.
Finnifty Intraday Analysis for 24th March 2025NSE:CNXFINANCE
Index closed near 24570 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
24800 Strike – 3.52 Lakh
24600 Strike – 2.80 Lakh
25000 Strike – 1.95 Lakh
Put Writing
24000 Strike – 1.45 Lakh
24400 Strike – 1.42 Lakh
24300 Strike – 1.36 Lakh
Index has resistance near 24600 - 24650 range and if index crosses and sustains above this level then may reach near 24800 - 24550 range.
Index has immediate support near 24425 – 24375 range and if this support is broken then index may tank near 24200 – 24150 range.
Midnifty Intraday Analysis for 24th March 2025NSE:NIFTY_MID_SELECT
Index closed near 11505 level and Maximum Call and Put Writing near CMP as below in March Month contract:
Call Writing
11800 Strike – 9.64 Lakh
11700 Strike – 9.05 Lakh
11500 Strike – 8.07 Lakh
Put Writing
11300 Strike – 13.54 Lakh
11200 Strike – 9.84 Lakh
11400 Strike –6.40 Lakh
Index has immediate resistance near 11550 – 11600 range and if index crosses and sustains above this level then may reach 11700 – 11750 range.
Index has immediate support near 11350 – 11300 range and if this support is broken then index may tank near 11200 – 11150 range.
Nifty 50 Weekly Analysis: Key Levels & Trend OutlookThe Nifty 50 ended the week at 23,350.40, recording a notable gain of 4.26%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The critical range to monitor for potential trend reversals or continuation is 23,274 - 23,427.
🔹 Support & Resistance Levels:
Support:
S1: 23,046
S2: 22,743
S3: 22,427
Resistance:
R1: 23,658
R2: 23,965
R3: 24,227
Market Outlook
✅ Bullish Scenario: A sustained breakout above 23,427 may attract buying interest, potentially pushing Nifty towards R1 (23,658) and beyond.
❌ Bearish Scenario: If the index slips below 23,274, selling pressure could increase, driving Nifty towards S1 (23,046) or lower.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Bank Nifty Weekly Update & Key Levels📌 Weekly Recap:
Bank Nifty closed the week at 50,593.55, recording a strong gain of 5.27%.
Key Levels for the Upcoming Week
🔹 Price Action Pivot Zone:
The crucial range to watch for potential trend reversals or continuation is 50,482 - 50,707.
🔹 Support & Resistance Levels:
Support:
S1: 50,146
S2: 49,698
S3: 46,956
Resistance:
R1: 51,046
R2: 51,470
R3: 51,893
Market Outlook
✅ Bullish Scenario: A sustained move above 50,707 could drive buying momentum, pushing Bank Nifty towards R1 (51,046) and higher.
❌ Bearish Scenario: If the index falls below 50,482, selling pressure may intensify, dragging it towards S1 (50,146) and lower support levels.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Mankind Pharma: Fundamental & Technical Analysis for TradersFinancial Performance Overview
Mankind Pharma, a leading player in the pharmaceutical sector, recently released its Q3 financial results for the period ending December 31, 2024. The company reported a 16.5% decline in net profit, falling to ₹384 crore from ₹460 crore in the same quarter last year. This decline was primarily due to increased expenses, including costs related to the acquisition of Bharat Serums and Vaccines in October 2024.
Despite the profit decline, the company saw a strong revenue growth of 24%, with revenue from operations rising to ₹3,230 crore from ₹2,607 crore year-over-year. This surge is largely driven by an increased market share in chronic illness drugs, which grew to 37.6% from 35.6%.
The company's market capitalization stands at ₹99,640 crore, with a P/E ratio of 45.16.
Technical Analysis & Trading Outlook
Current Market Price (CMP): ₹2,415.05
Chart Pattern: The stock recently formed a falling wedge pattern on the daily time frame (TF) and gave a breakout with a significant volume increase of 2.36M.
Breakout Confirmation: If the price closes above ₹2,442, we can expect a strong bullish move.
Upside Targets Post-Breakout:
Short-term Target: ₹2,610
Medium-term Target: ₹2,750
Long-term Target: ₹3,002
Potential Downside & Reversal Zone
If the price experiences a pullback, we can expect a reversal zone between ₹2,253 - ₹2,336. A bounce from this level could trigger bullish momentum, offering an ideal re-entry point for traders.
With strong revenue growth, technical breakout confirmation, and a well-defined support zone, Mankind Pharma remains a stock to watch for both fundamental investors and technical traders.
Disclaimer: This analysis is for educational purposes only. Investors should conduct their own research before making any trading decisions.
Nifty Intraday Analysis for 21st March 2025NSE:NIFTY
Index closed near 23190 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23000 Strike – 77.33 Lakh 23500 Strike – 77.17 Lakh
23200 Strike – 57.64 Lakh
Put Writing
23000 Strike – 94.05 Lakh
22500 Strike – 87.63 Lakh
22800 Strike – 68.90 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range.
Index has immediate support near 23075 – 23025 range and if this support is broken then index may tank near 22950 – 22900 range.