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.
Supply and Demand
ready for targets MAZDA breakout candidate . Mazda Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 586.03 Crore) operating in Engineering sector.
Mazda Ltd. key Products/Revenue Segments include Vacuum Systems, Evaporators, Food Products, Condenser, Others, Vacuum Pumps, Pollution Control Equipments & Systems, Thermocompressors, Heaters, Sale of services, Export Incentives, Scrap, Consultancy Income for the year ending 31-Mar-2024.
RBL Bank Share Projection For Next 60 DaysRBL Bank, formerly known as Ratnakar Bank, is a private sector bank headquartered in Mumbai, India. Here's a brief overview of the bank's details and history:
### Details:
- **Full Name**: RBL Bank Limited
- **Founded**: 1943
- **Headquarters**: Mumbai, Maharashtra, India
- **CEO**:
- **Industry**: Banking, Financial Services
- **Products**: Corporate banking, retail banking, agriculture finance, financial inclusion, treasury and financial market operations
- **Stock Listing**: RBL Bank is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India.
### History:
1. **1943**: Founded as Ratnakar Bank in Kolhapur, Maharashtra, primarily to serve small businesses and traders.
2. **2010**: The bank underwent a transformation under new leadership, focusing on professional management and expanding its services.
3. **2014**: Ratnakar Bank rebranded as RBL Bank to reflect its new identity and growth strategy.
4. **2016**: RBL Bank launched its initial public offering (IPO) and was listed on the BSE and NSE.
5. **Expansion**: Over the years, RBL Bank has expanded its network across India, offering a range of banking services including retail, corporate, and rural banking.
RBL Bank has gained recognition for its rapid growth and innovative services, catering to both urban and rural customers in India.
Nifty Private Bank Index The **Nifty Private Bank Index** is a sectoral index that tracks the performance of private sector banks listed on the National Stock Exchange (NSE) of India. This index serves as a benchmark for investors who want to gauge the performance of private banking stocks within the Indian market. Here are some key details about the Nifty Private Bank Index:
### Components
The Nifty Private Bank Index includes major private sector banks in India. Some of the well-known banks typically part of this index are:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IndusInd Bank
- Yes Bank
- Federal Bank
- RBL Bank
### Criteria for Inclusion
- **Liquidity**: The stocks must have high liquidity and are generally among the top traded in the private banking sector.
- **Market Capitalization**: Companies with larger market capitalization have a higher weight in the index.
- **Free-float Methodology**: The index is calculated using the free-float market capitalization method, which considers only the shares available for trading in the market.
### Purpose
- **Benchmarking**: It serves as a benchmark for mutual funds and portfolio managers who invest in private banking stocks.
- **Market Sentiment**: Reflects investor sentiment and performance trends in the private banking sector.
- **Investment Product**: Used as an underlying index for various investment products like ETFs and index funds.
### Performance
- The performance of the Nifty Private Bank Index is closely tied to the financial health and growth prospects of the private banking sector in India.
- Factors influencing its performance include changes in interest rates, credit growth, regulatory policies, and overall economic conditions.
This index is widely followed by investors and analysts for its role in representing a significant portion of the financial sector in India.
Trade Idea: $NSE:RELIANCE for Next WeekHello, Traders! 👋
#RELIANCE is shaping up as an interesting watch for the coming week:
📈 Technical Overview:
🔹 Weekly Retracement Level: Trading near the golden zone, a key area for potential reversal.
🔹 Daily Supply Zone Confluence: Overlapping supply zone could act as a critical resistance.
🔹 1-Hour Liquidity Sweep: Potential for a liquidity grab before resuming an upward move.
💡 Plan of Action:
Keep a close eye on price action around these levels. A confirmed breakout or rejection could set the direction for the next move.
⚠️ Disclaimer:
🔹 This analysis reflects my personal views and is not a recommendation to buy or sell.
🔹 Please conduct your own research or consult a professional before trading.
What’s your outlook on #RELIANCE for next week? Let’s discuss! 🚀
#StockAnalysis #TradingView #TechnicalAnalysis #MomentumStocks #RELIANCE
Nifty Support and Resistance Levels for Monday Jan 20th Nifty key levels:-
Nifty All week traded in range of 300 points 23400 above and 23100 below.
Resistance :- 23260-23275.
If sustains above resistance long for the targets of 23300,23350,23400.
Support :-23150-23140.
If sustains below support short for the targets of 23100,23075,23000.
In between support and resistance avoid trading or trade extremes of resistance and support look for rejections on those levels to play reversals.
Educational purpose only do your own research before taking entries.
BTCUSD is at support level of previous monthly lowBTCUSD is currently at support level which is at 91232.
if it breaks below on a closing basis then their a high chance of seeing the targets of 87287, and 85037, and if 85037 breaks on a closing basis then very soon 80510.
If the previous month's support is taken by BTCUSD then we will see a rally towards at 100000 and 103000.
*This view is for educational purposes only.
Nifty Intraday Analysis for 17th January 2025NSE:NIFTY
Index closed near 23310 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23300 Strike – 27.53 Lakh 23500 Strike – 26.25 Lakh
23400 Strike – 18.31 Lakh
Put Writing
23200 Strike – 26.13 Lakh
23000 Strike – 25.62 Lakh
23300 Strike – 21.74 Lakh
Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range.
Index has immediate support near 23200 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range.
Banknifty Intraday Analysis for 17th January 2025NSE:BANKNIFTY
Index closed near 49280 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 15.59 Lakh
49500 Strike – 10.73 Lakh
49000 Strike – 9.84 Lakh
Put Writing
48000 Strike – 13.74 Lakh
49000 Strike – 12.14 Lakh
48500 Strike – 8.75 Lakh
Index has resistance near 49600 – 49700 range and if index crosses and sustains above this level then may reach near 50100 – 50200 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Finnifty Intraday Analysis for 17th January 2025NSE:CNXFINANCE
Index closed near 22945 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.40 Lakh
23500 Strike – 1.26 Lakh
23600 Strike – 0.67 Lakh
Put Writing
22500 Strike – 1.17 Lakh
23000 Strike – 0.75 Lakh
23700 Strike – 0.51 Lakh
Index has resistance near 23100 - 23150 range and if index crosses and sustains above this level then may reach near 23300 - 23550 range.
Index has immediate support near 22800 – 22750 range and if this support is broken then index may tank near 22600 – 22550 range.
Midnifty Intraday Analysis for 17th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12220 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12500 Strike – 5.76 Lakh
12300 Strike – 3.15 Lakh
12200 Strike – 2.38 Lakh
Put Writing
12000 Strike – 6.98 Lakh
12100 Strike – 3.14 Lakh
11200 Strike – 2.21 Lakh
Index has immediate resistance near 12325 – 12375 range and if index crosses and sustains above this level then may reach 12500 – 12550 range.
Index has immediate support near 12100 – 12050 range and if this support is broken then index may tank near 11900 – 11850 range.
BankNifty levels - Jan 20, 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 - Jan 20, 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!
Gold at Sellers Zone on 2700 Area.Gold struggling to go past higher low from recent highs continuously finding resistance on 2700 area rejecting to lower levels of 2600 to 2580 below ,this is third time testing the 2700 area now a rejection here will fetch nice downside trade.
Key levels:-
Immediate Resistance:- 2700
Support and Lower side targets 2600 and 2580.
Education purpose only do your own research before taking entries.
BERGER PAINT - LONG TRADE IN FUTURESSymbol - BERGEPAINT
BERGEPAINT is currently trading at 445
I'm seeing a trading opportunity on buy side.
Buying BERGEPAINT Futures at 445
I will add more long position at 438, if comes.
Holding with SL of 432
Targets I'm expecting are 462 - 475 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
pole & flag in MAZGAON DOCKMAZGAON DOCK weekly chart, possible pole&flag pattern in formation.
Mazagon Dock Shipbuilders Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 90,685.87 Crore) operating in Defence sector.
Mazagon Dock Shipbuilders Ltd. key Products/Revenue Segments include Contract Revenue, Sale of Products, Other Operating Revenue, Ship Repairs and Scrap for the year ending 31-Mar-2024.
Ganesh Housing, a strong contender in this bearish Market🔘Ganesh Housing Corp Ltd (NSE: GANESHHOUC)
📈 Technical Setup
The stock shows resilience to the recent market fall, forming a bullish candle on strong volume. Trading above key moving averages (30 & 50 DMA), it is bouncing from critical support levels, signaling potential strength.
Trade Details
Entry: ₹1,368
Stop Loss (SL): ₹1,123 (-17.76%)
Targets:T1: ₹1,507 (+10%)
T2: ₹1,670 (+21.8%)
📊 Risk-to-Reward (R:R): ~1:1.23
Note: Lock in partial profits if the stock moves 8-10% in your favor to manage risk better.
🔘Risk Considerations
⚠️ Against the Trend: This is a counter-trend trade; if the broader market corrects further, the stock could follow and hit SL.
⚠️ Position Sizing: Strict risk management is critical; beginners should avoid it until the market stabilizes above the 200 DMA.
🔘Key Financial Ratios
Liquidity Ratios:
Current Ratio: 2.52
Quick Ratio: 1.51
Profitability Ratios:
Return on Equity (ROE): 41.6%
ROCE: 41.6
Valuation Ratios:
Price-to-Earnings (P/E) Ratio: 22.6
Price-to-Sales (P/S) Ratio: 7.68
📢 Disclaimer: This analysis is for educational purposes only. Consult your financial advisor before making investment decisions.
BSE Bouncing from a support Zone...Stock: BSE Ltd.
Chart Pattern: Potential breakout with retest near support.
Key Levels:Entry: ₹5,553.30
Target (T1): ₹5,848.10
Stop Loss (SL): ₹4,985.95
Observations:
✅Retesting a key zone and taking support at 50 DMA and bouncing.
✅Cup and handle formation played out earlier, now forming higher lows.
✅Volume remains supportive for upward momentum.
✅Resalient to market fall
✅Trading above Key DMAs
✅Strong RSI
Risk-Reward: Moderate-to-high, ideal for positional traders.
Can consider fresh entry further addition if it gives a clean breakout from 5849 levels.
⚠️Remember, we are trading against the trend. If Overall Markets were to fall further then this would also fall.
Disclaimer: This post is for educational purposes, not financial advice.
BankNifty Intraday Support & Resistance Levels for 17.01.2025On Thursday, BankNifty opened with a huge gap-up at 49,082.90, made a low of 49,038.45, and surged to a high of 49,459, entering the Daily Supply Zone (49,230.15 - 50,447.60). It eventually closed at 49,278.70, gaining an impressive 527 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative.
Demand/Support Zones
Near Demand/Support Zone (15m): 47,950.15 - 48,117.75
Near Support: 46,077.85 (low of 4th June 2024)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 49,492.15 - 49,557.35
Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05
Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60
Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60
Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30
Outlook
BankNifty entered the Daily Supply Zone, and with the trend remaining negative, caution is advised when going long at these levels unless there is a decisive breakout above the supply zone.
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.