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Nifty levels - Feb 06, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Midnifty Intraday Analysis for 05th February 2025NSE:NIFTY_MID_SELECT Index closed near 12010 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 12500 Strike – 7.90 Lakh 12000 Strike – 5.55 Lakh 12200 Strike – 1.73 Lakh Put Writing 12000 Strike – 3.77 Lakh 11800 Strike – 3.60 Lakh 11900 Strike – 1.20 Lakh Index has immediate resistance near 12150 – 12200 range and if index crosses and sustains above this level then may reach 12350 – 12400 range. Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11650– 11600 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Feb 06, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
KALYAN JEWELLERS - SELLING PRESSURE TO CONTINUE AFTER PULLBACKSymbol - KALYANJIL Kalyan Jewellers has experienced a significant sell-off in recent months, with the stock falling by more than 40%. Historically, such large sell-offs tend to indicate that recovery in the short term can be difficult, as sentiment turns heavily negative and market participants may remain cautious. This suggests that the bearish pressure may persist for a while, and a quick recovery seems unlikely without a significant shift in market sentiment. We are seeing some pullback and relief rally due to good quarterly results, which has provided a temporary boost to the stock. However, despite this short-term bounce, the overall trend remains bearish, and it is expected to continue until the stock can break above key resistance levels. The trend for Kalyan Jewellers is currently bearish, and this is likely to continue until the stock price manages to break above the key resistance level of 560. Until this level is taken out on the upside, the stock remains vulnerable to further downside pressure. The market is showing signs of weakness, and this trend may not reverse easily in the near term. In terms of price targets, we could see the stock testing the 520-540 area, which could act as a short-term resistance or consolidation zone. However, it is likely that any bounce from CMP will be temporary, and the stock may fall back after testing this range. The outlook remains cautious, and the stock could potentially test lower levels. Resistance levels: 545, 560 Support levels: 440, 400 Technically, the bearish trend is expected to persist unless the stock manages to break and sustain above the 560 resistance level. Any retest of the 520-540 support zone should be carefully monitored, as failure to hold this level could suggest further downside risks, with the potential for the stock to continue its decline toward the 440 area & below. Entry (on retest of resistance), SL & Target levels are indicated on the chart.
NSE:KALYANKJILShort
by akshit_official
Nifty Knows Everthing But Do You Know ?In light of the ongoing discourse surrounding market trends and fluctuations, I decided to delve into this topic through a straightforward simple technical analysis, focusing exclusively on the principles of support and resistance. As depicted, there is a key level referred to as the "flip line" which serves as a robust support for the price. From this juncture, two primary scenarios can unfold: 1. Should the price breach this critical flip line support, it is likely to gravitate toward a stronger support level below as target. 2. Conversely, if the price rebounds from this level for any reason, the ensuing upward momentum may drive it toward the resistance level identified above as target. This analytical framework aims to simplify market dynamics for better comprehension. Best regards-: Amit.
NSE:NIFTY
by AMIT-RAJAN
3
Silver1!Understand the chart: Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down. Lines with percentages: These are like checkpoints to see how much the price has moved up or down. Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down. Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell. Hope this helps! 🌞📉📈
MCX:SILVER1!Long
by iVishalPal
How to trade in Nifty Tomorrow Nifty Prediction by Price Action Trading Strategy Nifty Support for Intraday - 23530 - 23550 , 23450 23430 , 23290-23330 Nifty Resistance For Intraday - 23730 - 23750 , 23780 -23790 , 23830-23850 Nifty Intraday Trading Setup Keep eyes on Nifty 23700 CE and Nifty 23700 PE If Nifty Moves Towards 23500 then NIFTY JAN 23700 CE (LTP- 92) target will be 130.-150 If Nifty Moves Towards 23800 then NIFTY JAN 23700 PE (LTP- 87 ) target will be 125 -145 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis – 1.10 ( Bullish) Max Pain As per Option Chain Analysis – 23600 Major Resistance as Per Nifty Open Interest Analysis – 23850 Major Support as Per Nifty Open Interest Analysis – 23450 The market has a slightly positive bias based on the current PCR and open interest. However, with max pain and key resistance near **23,850**, there are moderate bearish possibilities. key strike Prices for Nifty Tomorrow - Bullish above 23,850 - Bearish below 23,700 Overall, the market is **neutral to mildly bearish**.
NSE:NIFTYShort
by manojshinde27
LONG POSITIONEntry Price: 10.95170 Stop-Loss (SL): 10.913059 (likely a typo, should be 10.913059 or 10.913059?) Take Profit (TP): 11.26930 Trade Analysis: Risk-Reward Ratio: Risk: Entry - SL = ~0.03864 Reward: TP - Entry = ~0.3176 Risk-reward ratio = ~1:3.2 (good risk management). Key Levels to Watch: Support: 10.91 - 10.95 zone. Resistance: 11.27 (major psychological level). Fundamental Factors to Monitor: US Economic Data: Fed policy, inflation, and job reports. Swedish Krona Strength: Watch Riksbank policy, inflation, and GDP trends. Market Sentiment: Risk-off moves could strengthen USD.
Long
by Smart_Monees
Nifty Intraday Analysis for 04th February 2025NSE:NIFTY Index closed near 23360 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 127.33 Lakh 23600 Strike – 77.76 Lakh 23700 Strike – 69.26 Lakh Put Writing 23000 Strike – 90.02 Lakh 23300 Strike – 79.53 Lakh 23200 Strike – 74.65 Lakh Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range. Index has immediate support near 23100 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range. Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 04th February 2025NSE:BANKNIFTY Index closed near 49210 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 50000 Strike – 9.84 Lakh 49000 Strike – 7.49 Lakh 49500 Strike – 5.92 Lakh Put Writing 49000 Strike – 12.33 Lakh 50000 Strike – 6.32 Lakh 49500 Strike – 4.88 Lakh Index has resistance near 49800 – 49900 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range. Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range. Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 04th February 2025NSE:CNXFINANCE Index closed near 23130 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 23000 Strike – 0.53 Lakh 23200 Strike – 0.49 Lakh 23500 Strike – 0.43 Lakh Put Writing 23000 Strike – 0.69 Lakh 23100 Strike – 0.33 Lakh 23200 Strike – 0.28 Lakh Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range. Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 04th February 2025NSE:NIFTY_MID_SELECT Index closed near 11820 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 12500 Strike – 5.72 Lakh 12000 Strike – 4.47 Lakh 11800 Strike – 3.10 Lakh Put Writing 11500 Strike – 5.00 Lakh 11800 Strike – 3.68 Lakh 12000 Strike – 2.44 Lakh Index has immediate resistance near 12000 – 12050 range and if index crosses and sustains above this level then may reach 12175 – 12225 range. Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range. Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Feb 05, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
Nifty levels - Feb 05, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
V2 Retail Ltd: CnH Breakout Setup🛒 V2 Retail Ltd: CnH Breakout Setup Entry: ₹2,002.85 Stop Loss (SL): ₹1,687 (on closing basis; -15.77%) Target: 🎯 Positional Target: ₹2,323 (+15.98%) 🚀 Why this trade? Chart Pattern: Clear Cup and Handle (CnH) breakout with the stock trading in an ascending channel. Trend Confirmation: The stock is maintaining its position above key Daily Moving Averages (DMAs), confirming strength in the uptrend. Sectoral Tailwind: Budget 2025 brings a positive outlook for the consumption and FMCG sector, supporting this trade's fundamentals. Volume: Increasing, but it still needs improvement to strengthen the breakout signal. ⚠️ Key Observations and Risks: Resistance Ahead: The channel top may act as resistance, so price action near these levels should be watched carefully. Market Context: Broader market trends are weak, making this a counter-trend trade that adds an element of risk. Volume Concerns: Volume is yet to fully confirm a breakout; a retest is possible. 📚 Educational Insights: Channel Tops as Resistance: In ascending channels, the upper boundary often acts as dynamic resistance; breakout strength depends on volume. Risk Management: With a wide stop loss (closing basis), position sizing becomes critical to limit exposure. This is a positional trade, so short-term fluctuations shouldn’t influence decisions prematurely. ✅ Suggested Approach: Take small positions initially to minimize risk while testing the market. Monitor volume and sector strength for additional confirmation. Avoid over-leveraging in trades with broad SLs, especially in counter-trend setups. 📈💡 "Adapt to market behavior, but always trade with discipline and patience." Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Trading and investing involve significant risk, and past performance is not indicative of future results. Please consult with your financial advisor before making any trading or investment decisions. Always manage your risk and trade responsibly.
NSE:V2RETAILLong
by sagartharayil
Kamat Hotels - Bullish Breakout with Massive VolumeKamat Hotels - Bullish Breakout with Massive Volume 🚀 📊 Timeframe: Daily Trade Setup 🔹 Entry Level: ₹273.20 🔹 Stop Loss (SL): ₹226.11 (~17.23% below entry) 🔹 Target Levels: T1 (Pivot High of April 2024): ₹315.45 (+15.46%) 🟢 T2 (Positional Target - ATH): ₹374.00 (+36.93%) 🏆 Risk-to-Reward Ratio (R:R): R:R for T1: 0.89 R:R for T2: 2.14 Technical Highlights 🔥 Volume Spike: Breakout supported by 4-5x higher volumes than recent sessions. Volume is the key reason for this suggestion. 📈 Price Journey: The stock started its upward journey in March 2020, slowly rising while trading inside a channel. Made a peak (ATH) in January 2024, followed by a sharp fall. After the fall, the stock formed a base and consolidated, leading to the current breakout. 📈 Resistance Levels: Immediate Resistance: ₹292.45 (Pivot High from May 2024 – 8 months ago). Target 1: ₹315.45 (April 2024 Pivot High). 🌟 Candle Analysis: Strong, clean candle with no upper shadow, showing bullish strength. 📊 Trend Consideration: While technically bullish, keep in mind this is against the broader trend, which increases the risk of failure. 💡 Pyramiding Opportunity: Consider adding positions gradually (pyramiding) on follow-through price action. Fundamental Perspective ⚠️ Fundamentals: Nothing extraordinary here; this is purely a technical trade driven by a volume-backed breakout. Actionable Advice & Risks 🔍 Wait and Watch: Look for follow-through price action before committing significant capital. ⚡ Sharp Retracement Risk: Breakouts can often retrace sharply, especially against the trend. Consider adding only small quantities or trade according to your risk appetite. ❗ Trend Risk: 2 out of 3 trades fail if the market sentiment turns bearish, so trade cautiously when going against the prevailing trend. Disclaimer This idea is for educational purposes only and is not financial advice. Please consult your financial advisor and trade according to your risk tolerance. Summary: The stock shows a technically strong breakout, supported by massive volume, and has been gradually rising since March 2020, trading inside a channel. It made an ATH in January 2024, followed by a sharp fall, formed a base, and consolidated before breaking out. Immediate resistance lies at ₹292.45, followed by T1 at ₹315.45, and positional traders can aim for the ATH of ₹374. While fundamentals are not strong, the volume-backed breakout and clean price action make this a compelling technical setup. Be cautious of retracements and manage your risk effectively.
NSE:KAMATHOTELLong
by sagartharayil
Nifty Intraday Analysis for 03rd February 2025NSE:NIFTY Index closed near 23480 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 137.54 Lakh 23500 Strike – 78.95 Lakh 23800 Strike – 67.15 Lakh Put Writing 23000 Strike – 84.91 Lakh 23200 Strike – 72.37 Lakh 23300 Strike – 56.99 Lakh Index has resistance near 23550 - 23600 range and if index crosses and sustains above this level then may reach near 23750 - 23800 range. Index has immediate support near 23300 – 23250 range and if this support is broken then index may tank near 23050 – 23000 range. Volatility expected due to escalation of tariff war by the Trump Administration.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 03rd February 2025NSE:BANKNIFTY Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 50000 Strike – 8.59 Lakh 49000 Strike – 6.81 Lakh 49500 Strike – 4.78 Lakh Put Writing 49000 Strike – 10.91 Lakh 50000 Strike – 6.22 Lakh 49500 Strike – 4.664 Lakh Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range. Index has immediate support near 49000 - 48900 range and if this support is broken then index may tank near 48400 - 48300 range. Volatility expected due to escalation of tariff war by the Trump Administration.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 03rd February 2025NSE:CNXFINANCE Index closed near 23170 level and Maximum Call and Put Writing near CMP as below in February Month contract: Call Writing 23500 Strike – 0.38 Lakh 23000 Strike – 0.38 Lakh 23200 Strike – 0.34 Lakh Put Writing 23000 Strike – 0.44 Lakh 22500 Strike – 0.28 Lakh 23200 Strike – 0.21 Lakh Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range. Volatility expected due to escalation of tariff war by the Trump Administration.
NSE:CNXFINANCE
by RKMAURYA