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Support and Resistance

Sensex - Expiry day analysis Aug 12The morning session was within a range, and the afternoon session gave a breakout of that range, and now the price is at an important support zone. 80450 to 80750 zone is important, and the price can move in this range if it does not gain strength. Buy above 80580 with the stop loss of 80420 for the targets 80720, 80900, 81040, 81200, 81360, and 81480. Sell below 80300 with the stop loss of 80420 for the targets 80200, 80060, 79920, 79800, 79660, and 79540. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
5
Gold Plan 12/08 – Captain VincentGold Plan 12/08 – Captain Vincent ⚓ Background: After sliding from the Storm Breaker 🌊, Gold has broken below the 3358 zone and successfully retested it. The ship is now heading straight towards the Buy Scalp – Quick Boarding 🚤 dock. Today’s Plan: Only buy when price reaches the pre-defined support zones — no chasing in open waters. Zone 1 – Quick Boarding 🚤 (Buy Scalp) Entry: 3,333 – 3,331 SL: 3,327 TP: 3,336 → 3,339 → 3,342 → 3,345 → 3,348 → 33xx Note: Fast in & out. Take partial profits at each TP hit. Zone 2 – Golden Harbor 🏝️ (Main Buy Zone) Entry: 3,311 – 3,309 SL: 3,305 TP: 3,315 → 3,319 → 3,323 → 3,327 → 3,331 → 33xx Note: Main accumulation zone. Hold longer if buying momentum stays strong. Today’s Scenarios: If price hits Quick Boarding → Wait for a reversal signal (pin bar, engulfing) on M15/H1 before entering. If price dips to Golden Harbor → Observe the bounce strength; enter only on clear confirmation. If neither zone is touched → Stay on the shore; wait for the next voyage. Captain’s Note: “The Gold ship has left the 3358 waters, turning its bow towards Quick Boarding 🚤. If docking is smooth, the crew will sail out swiftly to the open seas. Golden Harbor 🏝️ remains the main refuge if stronger waves push deeper.”
OANDA:XAUUSD
by CaptainVincent
2
renderwithme | NIFTY-50 for the week of August 11–15, 2025The Nifty 50 index, a benchmark for the Indian stock market, is expected to exhibit cautious and potentially bearish behaviour for the week of August 11–15, 2025, based on recent market trends, technical analysis, and macroeconomic factors. Below is a detailed analysis for the upcoming week # Current Market Context Recent Performance: As of August 8, 2025, the Nifty 50 closed at 24,363.30, down 232.85 points (-0.95%), reflecting a bearish sentiment driven by foreign fund outflows and US-India tariff tensions. The index has been trading within a descending channel, characterised by lower highs and lower lows, indicating short-term weakness. Technical Indicators: Weekly Chart: A candle formed on the weekly chart, signalling market Bearish. Confirmation of this pattern could indicate further consolidation or a directional move. Moving Averages: The Nifty is below its 21-day EMA, suggesting bearish momentum. The 5-day SMA and EMA are around 24,843.75 and 24,865.11, respectively, acting as resistance. RSI and MACD: RSI is in the 35–40 range, indicating oversold conditions, which could signal a potential short-term bounce. MACD remains bearish, reflecting sustained selling pressure. Pivot Levels: Key resistance is at 25,600–25,925, with immediate support at 23,250–23,400. A break below 23,200 could push the index toward its 200-day DMA (~23,900). Market Sentiment: Sentiment is cautious due to:FII Outflows: Foreign Institutional Investors (FIIs) sold equities worth ₹4,997.19 crore on August 7, 2025, exerting downward pressure. Domestic Institutional Investors (DIIs) countered with ₹10,864.04 crore in buys, providing some support. Global Cues: Mixed global market performance (e.g., NASDAQ down 2.24%, Dow Jones up 0.29% on August 4) and US tariff hikes on Indian imports are weighing on sentiment. RBI Policy: The upcoming RBI policy decision could influence market direction, particularly if it addresses interest rates or liquidity measures. Nifty 50 Forecast for Next Week (August 11–15, 2025)Based on available data, here’s the forecast for the week:Key Levels to WatchSupport Levels: 23,200, 23,500, (200-DMA). If A weekly candle break and close below 22,000 could accelerate selling toward 22,500. Resistance Levels: 25,545–25,955. A sustained move above 25,900 could signal a potential reversal, with 26,000 as a critical psychological level. Trend: Bearish with support at 24,200 critical. A positive global cue (e.g., GIFT Nifty up 0.36% on August 4) could support a modest recovery. #Technical Outlook - Bearish Scenario: If the Nifty fails to hold 23,200, it could slide toward 22,900 or lower, aligning with the 200-DMA. The inverse head-and-shoulders pattern on the weekly chart suggests a potential base at 22,900, but confirmation is pending. - Bullish Scenario: A break above 24,600 could trigger a short-term rally toward 24,925–25,045. Sustaining above 25,000 may push the index toward 25,250, potentially signaling a trend reversal. Indicators: Oversold RSI (35–40) suggests a possible bounce, but bearish MACD and selling volume indicate caution. Traders should monitor for a bullish crossover in MACD or RSI moving above 50 for confirmation of upward momentum. Key Factors to WatchGlobal Markets: Movements in major indices like NASDAQ, Dow Jones, and FTSE will influence Nifty’s direction. Positive cues from GIFT Nifty (24,685 on August 4) could support a recovery. FII/DII Activity: Continued FII selling could pressure the index, while DII buying may limit downside. RBI Policy: Any dovish signals or liquidity measures could boost sentiment. Sector Performance: Banking, IT, and energy sectors are critical. Stocks like SBI, Bharti Airtel, and Tata Motors may drive index movements. Geopolitical and Tariff Issues: US-India trade tensions could cap upside potential. Monitor volume and global cues for intraday trades. Long-Term Investors:Current valuations near 23,200–23,400 are attractive for quality stocks. Accumulate fundamentally strong Nifty constituents (e.g., HDFC Bank, Reliance) on dips. Use oversold conditions as an entry point for long-term portfolios, but diversify to mitigate volatility risks. Critical PerspectiveWhile the sources provide detailed technical levels and predictions, they rely heavily on historical patterns and short-term indicators, which may not account for sudden macroeconomic shifts or black-swan events. The bearish bias is driven by FII outflows and tariff concerns, but DII support and potential RBI interventions could stabilize the market. Predictions like those from (e.g., Min: 22,200, Max: 26,240) show wide ranges, reflecting uncertainty and volatility. Investors should question overly precise forecasts and focus on broader trends, such as the index’s proximity to the 200-DMA and global market correlations. ConclusionThe Nifty 50 is likely to remain range-bound between 23,900 and 24,925 next week, with a bearish bias unless it breaks above 24,600. Key supports at 24,200–24,000 and resistance at 24,600–25,045 will dictate short-term movements. Traders should stay cautious, monitor global cues, and prioritise risk management, while long-term investors may find opportunities in oversold conditions. Always verify critical information and consult a financial advisor before making decisions. Chart for your Reference Only ~~ Disclaimer ~~ This analysis is based on recent technical data and market sentiment from web sources. It is for informational \ educational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. # Boost and comment will be highly appreciated.
NSE:NIFTYShort
by renderwithme
Nifty - Weekly Review Aug 11 to Aug 14Price has broken and closed below the important psychological zone of 24500. Bearish strength has increased. Buy above 24500 with the stop loss of 24450 for the targets 24540, 24600, 24660, 24700, 24760, and 24820. Sell below 24380 with the stop loss of 24440 for the targets 24320, 24280, 24220, 24180, 24120, 24080, and 24020. 24000 is another support seen. Let us see whether the price breaks this week. Always do your analysis before taking any trade.
NSE:NIFTY
by vanathi
Nifty Levels and Ideas for the Next Week (11th Aug - 14 Aug )Although there was a huge sell off seen on 8th August Friday, But a recovery can be witnessed in Nifty - that too in the case if it strongly surpasses the Resistance levels which have turned stronger now - the 24480 - 24560 - 24640 levels are stacked on above the other - breaking these levels in continuation may not be possible in the current ongoing downtrend market. But nothing is impossible. In contrary some more fall can't be denied - yes but before that an upward retracement can be seen and there might be some Sell on Rise scenarios may occur, which then can take the Nifty towards 2429 and then 24200 levels too. 24150-24200 may act as a good and strong support area. Let's see how this analysis plays out for the market in upcoming week.
NSE:NIFTY
by chartmatics