Get started

Supply and Demand

BankNifty Intraday Support & Resistance Levels for 06.01.2025On Friday, BankNifty opened flat to negative, reaching a high of 51,671.60 before facing intense selling pressure. The index failed to hold at the 15-minute demand zone, dropping sharply to a low of 50,904.35. It eventually closed at 50,988.80, losing 616 points over the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. Demand/Support Zones Near Minor Demand/Support Zone (15m): 50,800.50 - 50,890 Near Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
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
AZAD ENGINEERIN TRADING IDEA!📊 Analysis: AZAD ENGINEERING is trading above key EMAs (20, 50, 200), indicating a strong uptrend. The stock recently broke above a key resistance level of ₹1,850 with significant volume, confirming bullish momentum. The price action suggests a continuation of the upward movement. 📈 Trading Plan: Entry Point: ₹1,885 (after confirming a breakout with sustained volume). Target 1 (T1): ₹1,950 Target 2 (T2): ₹2,050 Stop Loss (SL): ₹1,800 🛑 Risk-to-Reward Ratio: Approximately 1:2
NSE:AZADLong
by piyushr401
Trading Idea: Kalyan JewellersCurrent Price: ₹777.80 💡 **Key Levels to Watch:** - **Resistance Zone**: ₹794.70 - **Target**: ₹874.20 - **Stop Loss**: ₹758.95 📈 The stock is showing bullish momentum with strong volume and staying above key EMAs (746.22, 723.67). A breakout above ₹794.70 could signal further upside toward ₹874.20. 💡 **Strategy:** 1️⃣ **Buy Zone**: Above ₹780 for confirmation of the breakout. 2️⃣ **Stop Loss**: ₹758.95 to manage risk. 3️⃣ **Target**: ₹874.20 for a potential upside of ~12%. 🚨 **Note:** Trade with proper risk management. 📉 Avoid entry if the stock closes below the stop loss level.
NSE:KALYANKJILLong
by piyushr401
Nifty Intraday Analysis for 3rd January 2025NSE:NIFTY Index closed near 24190 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24200 Strike – 36.59 Lakh 24500 Strike – 29.98 Lakh 24000 Strike – 23.56 Lakh Put Writing 24000 Strike – 39.03 Lakh 23900 Strike – 36.22 Lakh 24200 Strike – 30.25 Lakh Index has resistance near 24250 - 24300 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 23950 – 23900 range and if this support is broken then index may tank near 23800 – 23750 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 3rd January 2025NSE:BANKNIFTY Index closed near 51605 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 53000 Strike – 13.54 Lakh 52000 Strike – 12.88 Lakh 51500 Strike – 7.82 Lakh Put Writing 51000 Strike – 10.95 Lakh 51500 Strike – 10.53 Lakh 52000 Strike – 7.55 Lakh Index has resistance near 52100 – 52200 range and if index crosses and sustains above this level then may reach near 52500 – 52600 range. Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50600 - 50500 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 3rd January 2025NSE:CNXFINANCE Index closed near 24005 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 0.78 Lakh 24500 Strike – 0.48 Lakh 23500 Strike – 0.32 Lakh Put Writing 24000 Strike – 1.05 Lakh 23800 Strike – 0.62 Lakh 23700 Strike – 0.61 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24350 - 24400 range. Index has immediate support near 23850 – 23800 range and if this support is broken then index may tank near 23625 – 23575 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 3rd January 2025NSE:NIFTY_MID_SELECT Index closed near 13095 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 7.03 Lakh 12800 Strike – 2.68 Lakh 13200 Strike – 2.16 Lakh Put Writing 13000 Strike – 7.59 Lakh 12800 Strike – 4.24 Lakh 12900 Strike – 2.93 Lakh Index has immediate resistance near 13150 – 13175 range and if index crosses and sustains above this level then may reach 13275 – 13300 range. Index has immediate support near 13000 – 12950 range and if this support is broken then index may tank near 12850 – 12800 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Jan 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
Nifty levels - Jan 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
Nifty Support and Resistance Levels for Friday 3rd JanNifty currently at mid point of Dec 16th week big red candle important area to look for rejection or breakout here . Nifty Key Levels :- 24225 is Resistance if sustains above long for targets of 24300,24350,24400. Same Resistance if rejection seen play till immediate support of 24125,24000 areas below targets. 24125 is support if sustains below short for the targets of 24050,24000,24850.Look for rejection on given below targets if valid can long accordingly on those levels. Educational purpose only do you own research before taking entries.
NSE:NIFTY
by rakeshreddym
7 years breakout candidate BROOKS LABSBrooks Laboratories Ltd., incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 419.92 Crore) operating in Pharmaceuticals sector. Brooks Laboratories Ltd. key Products/Revenue Segments include Drugs, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2024. For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 20.99 Crore, up 16.60 % from last quarter Total Income of Rs 18.00 Crore and down 14.00 % from last year same quarter Total Income of Rs 24.41 Crore. Company has reported net profit after tax of Rs .96 Crore in latest quarter.
NSE:BROOKSLong
by TechnicalAnalystSucrit
BankNifty Intraday Support & Resistance Levels for 03.01.2025On Thursday, BankNifty opened on a positive note, found support at 50,992.80, and staged a strong rally to the day’s high of 51,672.75. It closed at 51,605.55, gaining an impressive 545 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): 51,268.25 - 51,370.55 Far Demand/Support Zone (15m): 50,800.50 - 50,890 Far Demand/Support Zone (15m): 50,485.05 - 50,629.65 Far Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
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