Nifty Intraday Analysis for 16th January 2025NSE:NIFTY
Index closed near 23215 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23300 Strike – 148.59 Lakh 23200 Strike – 115.58 Lakh
23500 Strike – 114.98 Lakh
Put Writing
23200 Strike – 139.24 Lakh
23000 Strike – 115.46 Lakh
23100 Strike – 80.16 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 233400 - 23450 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Supply and Demand
Banknifty Intraday Analysis for 16th January 2025NSE:BANKNIFTY
Index closed near 48750 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 18.17 Lakh
49000 Strike – 13.16 Lakh
49500 Strike – 9.28 Lakh
Put Writing
48000 Strike – 13.94 Lakh
49000 Strike – 10.45 Lakh
48500 Strike – 8.52 Lakh
Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.
Index has immediate support near 48400 - 48300 range and if this support is broken then index may tank near 47700 - 47600 range.
Finnifty Intraday Analysis for 16th January 2025NSE:CNXFINANCE
Index closed near 22680 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 1.20 Lakh
22700 Strike – 0.64 Lakh
23750 Strike – 0.47 Lakh
Put Writing
22500 Strike – 0.95 Lakh
22600 Strike – 0.53 Lakh
22800 Strike – 0.48 Lakh
Index has resistance near 22900 - 22950 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range.
Index has immediate support near 22550 – 22500 range and if this support is broken then index may tank near 22400 – 22350 range.
Midnifty Intraday Analysis for 16th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12135 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 2.93 Lakh
12300 Strike – 2.81 Lakh
12200 Strike – 2.30 Lakh
Put Writing
12000 Strike – 7.95 Lakh
12100 Strike – 2.78 Lakh
11800 Strike – 2.21 Lakh
Index has immediate resistance near 12275 – 12325 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800 – 11750 range.
Nifty levels - Jan 17, 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.
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BankNifty levels - Jan 17, 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!
UTI Showing signs of reversal. Add to your WL📊 Stock Analysis for UTI AMC
🔘Entry Levels:
Initial Entry (Small Qty): ₹1,260
Fresh Entry: Above ₹1,405 (with a strong breakout and good volume)
Stop Loss (SL):
₹1,133 (below the 200DMA and major support zone)
Target Levels (T):
T1: ₹1,405
T2: ₹1,721
Risk-to-Reward (R:R):
From Initial Entry to T2: Approx. 1:2.6
From Fresh Entry (T1) to T2: Approx. 1:2
🔘Setup Overview
The stock has consistently taken support at the 200 DMA, indicating strong demand at lower levels.
It’s currently consolidating near the ₹1,260-₹1,400 zone, forming a potential breakout pattern.
A breakout above ₹1,405 with high volume can lead to a new bullish rally.
⚠️Risk Considerations
Below ₹1,133, the structure may turn bearish, invalidating the setup.
Ensure the breakout above ₹1,405 is confirmed with strong volume and price action.
🔘Reasons for Risk Level
The 200 DMA support provides a good risk management level.
If the stock breaks down below ₹1,133, it could retest lower levels, indicating a potential trend reversal.
❗️Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a financial advisor before making investment decisions. Trading in the stock market involves risk, and past performance is not indicative of future results.
Unlock 50% gain with MGL from CMPPosition Traders, Here's Your Opportunity! If you're into positional trading, now could be your moment to invest. MGL is currently at a strong support level on a monthly time frame, showing robust company fundamentals.
Don't miss out on this chance to grow your portfolio. Invest smart, and let's aim for those profits together! 📈
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BankNifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, BankNifty opened gap-up, hitting a high of 49,083.65 early in the session. However, it faced selling pressure and dropped to a low of 48,522.40 before recovering slightly to close at 48,751.70, gaining a modest 22 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): 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): 49,175.30 - 49,358.15
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 continues to face resistance at higher levels. But, if the 15m demand zone remains intact, it could test 49,400 or even 49,800 in the coming sessions. However, sustained selling could pull it towards the lower supports.
Nifty Intraday Support & Resistance Levels for 16.01.2025On Wednesday, Nifty opened gap-up at 23,250.45 and showed mixed movements throughout the session. After making an early low of 23,165.30, it rallied to a high of 23,293.65, briefly entering the 15m supply zone. However, it faced resistance and dropped to a session low of 23,146.45, before recovering to close at 23,213.20, gaining 37 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
Outlook
Nifty tested the 15m supply zone and dropped signaling selling pressure at higher levels. However, the 30m demand zone is holding steady, providing hope for recovery. If this support remains intact, Nifty could aim for 23,400 or even 23,500 in the coming sessions.
Vedant Fashion / Manyavar - Possible upside- Manyavar looks positive taking support at previous cup & Handle pattern
- Manyavar was multiple times taken support at this level
- Looks Rangebound set up for 25% upside
- entry 1200-1215
- Exit 1500
## High Delivery data confirms accumulation at this levels
Nifty Intraday Analysis for 15th January 2025NSE:NIFTY
Index closed near 23175 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 111.17 Lakh 23400 Strike – 83.77 Lakh
23200 Strike – 71.49 Lakh
Put Writing
23000 Strike – 110.89 Lakh
23200 Strike – 93.73 Lakh
23100 Strike – 52.72 Lakh
Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 233400 - 23450 range.
Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
Banknifty Intraday Analysis for 15th January 2025NSE:BANKNIFTY
Index closed near 48730 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 17.85 Lakh
49000 Strike – 11.37 Lakh
49500 Strike – 9.15 Lakh
Put Writing
48000 Strike – 13.55 Lakh
49000 Strike – 10.66 Lakh
48500 Strike – 9.24 Lakh
Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.
Index has immediate support near 47400 - 47300 range and if this support is broken then index may tank near 47700 - 47600 range.
Finnifty Intraday Analysis for 15th January 2025NSE:CNXFINANCE
Index closed near 22720 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23500 Strike – 1.25 Lakh
22000 Strike – 0.84 Lakh
23400 Strike – 0.53 Lakh
Put Writing
22500 Strike – 1.30 Lakh
23000 Strike – 0.63 Lakh
22600 Strike – 0.61 Lakh
Index has resistance near 22900 - 22950 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range.
Index has immediate support near 22550 – 22500 range and if this support is broken then index may tank near 22400 – 22350 range.
Midnifty Intraday Analysis for 15th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12060 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 4.26 Lakh
12300 Strike – 2.73 Lakh
12200 Strike – 1.78 Lakh
Put Writing
12000 Strike – 6.98 Lakh
11800 Strike – 2.46 Lakh
11900 Strike – 2.03 Lakh
Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11900 – 11850 range and if this support is broken then index may tank near 11700 – 11650 range.
BankNifty levels - Jan 16, 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 16, 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!
Kaynes bouncing from channel support and 50 D
#Kaynes Technology. Looks good for a Swing.
Entry: Buy Small quantities in CMP(6547)
Stop Loss (SL):Marked at ₹5,806.30,
Target (T1): ₹7,697
✅Channel Pattern: The price is moving within an ascending channel, respecting both the upper and lower trendlines.
The recent pullback appears to have tested the lower trendline support, followed by a bounce.
✅The stock is trading above the 200-day moving average (yellow line), signifying a bullish long-term trend.
✅Stock Takes support at 50 DMA. Right now it is bouncing from channel support and 50 DMA.
✅A sharp green candle on strong volume indicates renewed buying interest at current levels.
📎Strategy:
Buy at CMP in small quantities to reduce risk, as per the chart's suggestion.
📎Watch for:A strong close above the middle of the channel for confirmation of bullish momentum toward the target.
Exit the trade if the price breaches the ₹5,806.30 stop-loss level.
⚠️Overall Trend is bearishI'm Not sure if this is the beginning of a bear market or a Bull Market Correction. So keep the positions limited. Do not go full-on. Keep your capital safe and manage the risk properly.
BTCUSDT (Bitcoin) will move towards 100K$Scenario 1: Buy/Long Position
✅ Conditions for Entry:
BTC needs to hold the Demand H4 zone (91,000 - 92,500 USDT).
Wait for a pullback to the Demand zone with confirmation signals (e.g., Pin Bar, Bullish Engulfing, or a strong Breakout).
📌 Buy Order Details:
Item Value
Entry Point 92,000 - 93,000 USDT
Stop Loss (SL) 89,000 USDT
Take Profit 1 (TP1) 97,500 USDT
Take Profit 2 (TP2) 100,000 USDT
Take Profit 3 (TP3) 102,000 USDT
📝 Explanation:
Entry: Wait for the price to pull back to the Demand H4 zone before entering a long position.
Stop Loss: Place the Stop Loss below the Demand H4 zone to protect your capital if the price breaks the support.
Take Profit: Take partial profits at key resistance levels (97,500 - 102,000 USDT).
📈 Risk-Reward Ratio (R:R):
For an Entry at 92,500 USDT and Stop Loss at 89,000 USDT:
TP1 (97,500) = 1:1.4 R:R
TP2 (100,000) = 1:2 R:R
TP3 (102,000) = 1:2.7 R:R
🧩 Scenario 2: Sell/Short Position
✅ Conditions for Entry:
BTC must face strong resistance at the Supply Zone (98,000 - 100,000 USDT).
Look for rejection signals (e.g., Doji, Shooting Star, or Bearish Engulfing) in this zone.
The price should fail to break above the descending trendline.
📌 Sell Order Details:
Item Value
Entry Point 98,000 - 99,000 USDT
Stop Loss (SL) 101,000 USDT
Take Profit 1 (TP1) 95,000 USDT
Take Profit 2 (TP2) 93,000 USDT
Take Profit 3 (TP3) 91,000 USDT
📝 Explanation:
Entry: Wait for the price to hit the Supply Zone and show rejection signs before entering a short position.
Stop Loss: Place the Stop Loss above the Supply Zone to protect your capital if the price breaks the resistance.
Take Profit: Take partial profits at key support levels (95,000 - 91,000 USDT).
📉 Risk-Reward Ratio (R:R):
For an Entry at 98,500 USDT and Stop Loss at 101,000 USDT:
TP1 (95,000) = 1:1.4 R:R
TP2 (93,000) = 1:2.2 R:R
TP3 (91,000) = 1:3.0 R:R
Good luck!