BankNifty levels - Feb 04, 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!
Supply and Demand
Nifty levels - Feb 04, 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!
BTCUSD - HEADED LOWER?Symbol - BTCUSD
BTCUSD is currently encountering substantial resistance, with the price being significantly repelled from the 105-107K zone, establishing a strong resistance area. However, this resistance does not yet negate the broader bullish outlook in the market. A complex market structure is unfolding, characterized by both a descending channel and a symmetrical triangle pattern. The interpretation of these formations will depend largely on how market participants perceive them. A potential reaction to the support of the symmetrical triangle could result in a brief rebound; however, considering the prevailing resistance levels, it is anticipated that this rebound will be shallow, with the price likely attempting to move lower.
Looking at the descending channel, the price is currently supported by a key level at 1,01,600 which is crucial in preventing further declines. This level will play a decisive role in determining the near-term price action. The primary uncertainty lies in whether this support will hold or be breached.
On a fundamental level, the situation remains uncertain and largely dependent on developments in the United States, particularly regarding how political figures, including former President Trump, address cryptocurrencies. This could manifest in various ways: as a bubble, a strategy to influence elections, or simply as rhetorical posturing. Alternatively, it could reflect a genuine, coherent policy direction.
Resistance levels: 1,03,500 - 1,05,800
Support levels: 1,01,600 - 99,600
The 1,01,600 level remains the focal point. In the short term, a potential breakdown below this level followed by price consolidation could lead to a decline to the 100-97K range. However, given the presence of the symmetrical triangle, a false breakdown of 101.6K could trigger a brief upward bounce before a subsequent decline towards the 100K level.
2 years breakout candidate SRFPrice is in 2 years consolidation and possible breakout candidate, above 2773 we can see further bullishness to continue.
SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 69,687.99 Crore) operating in Diversified sector.
SRF Ltd. key Products/Revenue Segments include Chemicals (Industrial), Other Operating Revenue, Traded Goods, Export Incentives for the year ending 31-Mar-2023.
BankNifty levels - Feb 03, 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!
Nifty levels - Feb 03, 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!
Nifty Intraday Analysis for 01st February 2025NSE:NIFTY
Index closed near 23510 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 77.38 Lakh 23500 Strike – 45.10 Lakh
23800 Strike – 20.21 Lakh
Put Writing
23000 Strike – 60.63 Lakh
23500 Strike – 50.05 Lakh
23300 Strike – 49.94 Lakh
Index has resistance near 23675 - 23725 range and if index crosses and sustains above this level then may reach near 23900 - 23950 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 on Budget day with a big swing on either side based on perceived market outcome.
Banknifty Intraday Analysis for 01st February 2025NSE:BANKNIFTY
Index closed near 49585 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 7.20 Lakh
49000 Strike – 3.81 Lakh 49500 Strike – 3.38 Lakh
Put Writing
49000 Strike – 10.19 Lakh
50000 Strike – 5.78 Lakh
49500 Strike – 4.14 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 48900 - 48800 range and if this support is broken then index may tank near 48400 - 48300 range.
Volatility expected on Budget day with a big swing on either side based on perceived market outcome.
Finnifty Intraday Analysis for 01st February 2025NSE:CNXFINANCE
Index closed near 23220 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.42 Lakh
23200 Strike – 0.28 Lakh
23500 Strike – 0.22 Lakh
Put Writing
23000 Strike – 0.51 Lakh
23200 Strike – 0.20 Lakh
23100 Strike – 0.19 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 on Budget day with a big swing on either side based on perceived market outcome.
Midnifty Intraday Analysis for 01st February 2025NSE:NIFTY_MID_SELECT
Index closed near 11930 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12000 Strike – 3.11 Lakh
12500 Strike – 2.54 Lakh
11900 Strike – 1.24 Lakh
Put Writing
11500 Strike – 3.09 Lakh
11500 Strike – 2.08 Lakh
12000 Strike – 1.77 Lakh
Index has immediate resistance near 12100 – 12150 range and if index crosses and sustains above this level then may reach 12275 – 12325 range.
Index has immediate support near 11800 – 11750 range and if this support is broken then index may tank near 11550– 11500 range.
Volatility expected on Budget day with a big swing on either side based on perceived market outcome.
Bank Nifty Chart Analysis Trading Opportunity Ahead Bank Nifty Chart Analysis for Budget Day and Net Month
Bank Nifty has formed a **Head & Shoulder pattern** and has already given a **breakdown** 📉. Now, the key focus will be on whether the pattern **succeeds or fails**, which will determine the upcoming market direction. Be prepared for **both possibilities** in the trading sessions following the Budget announcement.
🔹 **Best Trading Opportunity**:
To take advantage of the volatility on Budget Day, a **hedged position** can be created using **Call & Put options** near key levels:
📌 **49,950**
📌 **50,500**
💡 If Bank Nifty makes a **one-sided move of 1,500 points**, this strategy can prove to be highly beneficial.
⚠ **Disclaimer**: This is for **educational purposes only** and not financial advice. Trade wisely and manage risk effectively.
Stay updated and trade smart! 🚀📈 #BankNifty #StockMarket #BudgetDay #TradingStrategy #Nifty #OptionsTrading
Nifty Intraday Analysis for 31st January 2025NSE:NIFTY
Index closed near 23250 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23200 Strike – 24.68 Lakh 23500 Strike – 23.14 Lakh
23300 Strike – 18.79 Lakh
Put Writing
23000 Strike – 30.76 Lakh
23200 Strike – 25.64 Lakh
23300 Strike – 15.59 Lakh
Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range.
Index has immediate support near 23100 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Banknifty Intraday Analysis for 31st January 2025NSE:BANKNIFTY
Index closed near 49310 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
49000 Strike – 7.10 Lakh
50000 Strike – 6.30 Lakh 49500 Strike – 3.38 Lakh
Put Writing
49000 Strike – 9.39 Lakh
48000 Strike – 4.98 Lakh
48500 Strike – 3.83 Lakh
Index has resistance near 49900 – 50000 range and if index crosses and sustains above this level then may reach near 50500 – 50600 range.
Index has immediate support near 48850 - 48750 range and if this support is broken then index may tank near 48400 - 48300 range.
Finnifty Intraday Analysis for 31st January 2025NSE:CNXFINANCE
Index closed near 23135 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.24 Lakh
24000 Strike – 0.12 Lakh
23100 Strike – 0.07 Lakh
Put Writing
23000 Strike – 0.27 Lakh
22500 Strike – 0.09 Lakh
33100 Strike – 0.03 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23475 - 23525 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Midnifty Intraday Analysis for 31st January 2025NSE:NIFTY_MID_SELECT
Index closed near 11795 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 1.22 Lakh
12000 Strike – 1.10 Lakh
11800 Strike – 0.86 Lakh
Put Writing
11500 Strike – 2.54 Lakh
10500 Strike – 1.38 Lakh
11000 Strike – 1.30 Lakh
Index has immediate resistance near 11975 – 12025 range and if index crosses and sustains above this level then may reach 12125 – 12175 range.
Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range.
BankNifty levels - Feb 01, 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!
Nifty levels - Feb 01, 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!
Laurruslabs - Potential Breakout Opportunity🚀 Laurruslabs - Potential Breakout Opportunity
🔑 Early Entry: ₹627.5
💥 ATH Level: ₹725
📊 Positioning & Strategy:
💰 Entry Point: ₹627.5
⚠️ Stop Loss (SL): ₹498 (20.9% downside risk)
🎯 Target 1: ₹725 (15% upside potential)
📈 Positional Target 1: ₹829 (~32% upside from entry)
🌟 Long-term Target: ₹999 (~59% upside from entry)
📍 Key Levels & Action Plan:
Laurruslabs has been in an upward trajectory since April 2023 📈.
It consistently takes support near the 200 DMA, signaling strength in its trend 🔄.
27 Jan 2025 saw a red candle with huge volume 📉, but the stock quickly bounced back 🚀.
The ATH level at ₹725 is key 🔑. A breakout above ₹725 would confirm a 3.5-year resistance breakout and All-Time High.
💡 Action Strategy:
For Safe Traders:
📉 Book partial profits at ₹725 and trail SL to lock in gains 📊.
For Risk-Tolerant Traders:
👀 Watch for a breakout above ₹725. If confirmed with 3-5X volume 📈 and a clean breakout candle, consider adding more 🚀.
🔢 Risk-to-Reward (RR) Calculations:
From Early Entry to Target 1 (₹725):
Upside: ₹725 - ₹627.5 = ₹97.5 (15% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:0.72 (Risk is higher than reward here, so position sizing is key 🧑💼)
From Early Entry to Positional Target (₹829):
Upside: ₹829 - ₹627.5 = ₹201.5 (32% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:1.56 (Better reward for the risk taken ✅)
From Early Entry to Long-Term Target (₹999):
Upside: ₹999 - ₹627.5 = ₹371.5 (59% upside) 📈
Downside (SL): ₹627.5 - ₹498 = ₹129.5 (20.9% downside) ⚠️
Risk-to-Reward Ratio (R:R): 1:2.87 (Excellent reward for the risk taken 🎯)
⚠️ Risks Involved:
📉 Market Conditions: The overall market is in a LH LL structure, so we are trading against the trend 📊, which adds extra risk 🔥.
🔥 27 Jan 2025 Candle: The red candle with high volume is concerning, but no follow-through happened 📉. The stock bounced back quickly, which we can consider as a shake-out 🌪️.
📏 Position Sizing: Due to the deep stop-loss (20.9%), position sizing is crucial to manage risk effectively ⚖️.
"The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett
💬 Disclaimer:
This analysis is educational and not financial advice. Always do your own research 📚 and consult a professional advisor 💼 before making any trading decisions. Stock market investments are risky, and past performance doesn't guarantee future returns 💡.
Coal India. Buy the Dip?Stock: Coal India (COALINDIA)
Current Price: ₹385.05
Technical Analysis:
1⃣ Descending Channel: The stock is trading within a descending channel, forming a base with a potential double-bottom pattern.
2⃣Structure: Lower Lows (LL) and Lower Highs (LH). The overall market structure remains weak.
3⃣200-DMA: Stock is trading below its 200-day moving average, indicating caution for bullish momentum.
Trading Plan:
Entry: Above ₹400.30 on a breakout candle backed by 3x-5x volume.
Stop Loss (SL): ₹352.55 (closing basis).
Target Levels:
T1: ₹428.30 (7.00%, R:R 0.8:1)
T2: ₹458.50 (14.55%, R:R 1.6:1)
Positional T1: ₹517.20 (29.20%, R:R 3.7:1)
Positional T2 (ATH): ₹544.30 (36.00%, R:R 4.7:1)
Key Observations:
Dividend Payout: Suitable for long-term investors accumulating during dips.
Weakness Trigger: A weekly close below ₹360 could indicate further downside. Risky traders may short below this level.
RSI: Needs improvement to signal bullish strength.
Momentum Play: Not recommended for short-term traders. Wait for structural change above ₹400.
What to Watch During Breakout?
Volume Surge: Wide-range breakout candle backed by 3x-5x average volumes.
Sustainability: Ensure a close above ₹400 to confirm a breakout.
Disclaimer:
This analysis is for educational purposes only. Always conduct your own analysis and consult a financial advisor before trading. Trade responsibly and manage risks.
BDL - Bullish Momentum in Play - 40% Upside Potential!➡️ Price Analysis & Overview:
1️⃣ Demand Zone Bounce: BDL is rebounding from a strong demand zone, showcasing potential for upward momentum.
2️⃣ EMA Support: The stock consistently respects the exponential moving average, reinforcing its bullish structure.
3️⃣ Candle Strength: Recent candles indicate strong bullish momentum, paving the way for further gains.
4️⃣ Current volumes are looking good but expecting more volumes!
✨My View:
Expect the bullish momentum to persist. Watch for sustained breakouts or pullbacks to EMA for strategic entries.🚀
Monthly TF:
⚠️ Disclaimer: For learning purposes only. Always do your research before trading.
Drop a comment if you liked this analysis!✌️
Thanks & Regards,
Anubrata Ray ⚡