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Support and Resistance

Nifty levels - Jan 29, 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
Paytm - CMP 950 - Monthly - Symmetrical Expanding TrianglePaytm has created Symmetrical Expanding Triangle in Monthly time frame RSI going up continuously, still not in overbought zone MACD is looking good Price is above 20 Months EMA volume is good for past 4-5 months Crossed 930 resistance with good volume DII has increased holding in June and Sep 2024, FII has decreased holdings Target 1 : 1160++ Target 2 : 1350 , This could be next Resistance if price sustain at 1350 and give breakout from triangle with good volume then Target 3 could be ATH - 1955++
NSE:PAYTMLong
by maruviral
Nifty Intraday Analysis for 27th January 2025NSE:NIFTY Index closed near 23090 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 75.29 Lakh 23200 Strike – 56.12 Lakh 23300 Strike – 55.46 Lakh Put Writing 23000 Strike – 65.13 Lakh 22500 Strike – 53.43 Lakh 22800 Strike – 40.78 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 27th January 2025NSE:BANKNIFTY Index closed near 48370 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 19.75 Lakh 49500 Strike – 18.15 Lakh 48500 Strike – 12.04 Lakh Put Writing 47500 Strike – 18.61 Lakh 47000 Strike – 14.79 Lakh 48000 Strike – 13.15 Lakh Index has resistance near 48900 – 49000 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 27th January 2025NSE:CNXFINANCE Index closed near 22515 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.40 Lakh 22700 Strike – 1.85 Lakh 22800 Strike – 1.50 Lakh Put Writing 22500 Strike – 1.24 Lakh 22000 Strike – 1.09 Lakh 22300 Strike – 0.96 Lakh Index has resistance near 22675 - 22725 range and if index crosses and sustains above this level then may reach near 22850 - 22900 range. Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 27th January 2025NSE:NIFTY_MID_SELECT Index closed near 12090 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12200 Strike – 7.12 Lakh 12100 Strike – 5.06 Lakh 12000 Strike – 5.02 Lakh Put Writing 12000 Strike – 6.91 Lakh 12100 Strike – 5.38 Lakh 12200 Strike – 4.94 Lakh Index has immediate resistance near 12250 – 12300 range and if index crosses and sustains above this level then may reach 12450 – 12500 range. Index has immediate support near 12000 – 11950 range and if this support is broken then index may tank near 11800– 11750 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 28, 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
1
BankNifty levels - Jan 28, 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
1
Nifty Weekly Review Jan 27 - Jan 31Price moved in range between 23000 to 23400 through out this week. 23000 is a strong support zone. Price is bullish as long as it is sustaining above 23000. In daily time frame price is testing support zone and should move above it to be bullish. Buy above 23060 with the stop loss of 23010 for the targets 23100, 23140, 23190, 23240, 23300, 23360, 23420 and 23460. Sell below 22960 with the stop loss of 23000 for the targets 22920, 22880, 22820, 22760 and 22720. Do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
12
Smallcap Index Breakdown: Retailers Brace for Impact!Smallcap Index Breakdown: Retailers Brace for Impact! The Smallcap Index has fallen decisively out of its rectangle base. While it briefly re-entered the zone, it has now resumed its breakdown trajectory, signalling more pain ahead for portfolios. 🔎 What to Watch For: Testing of the 14,900 support seems increasingly probable. A 2-3% drop in Nifty could potentially double the impact on Midcap, Smallcap, and Microcap indices. Retail investors, especially those who bought near the highs, are likely to feel the brunt of this breakdown. ⚠️ Why It Matters: Breakdown in Smallcap and Microcap indices could trigger widespread panic selling. Investors need to manage risks proactively and avoid emotional decisions. The recent breakdown is a reminder to maintain disciplined investing and avoid impulsive decisions. Focus on long-term strategies that align with your goals and risk appetite. 💡 Actionable Insight: Rather than reacting emotionally to the market, this is a good time to focus on capital protection strategies. Ensure you’re following proper risk management and avoid overexposure to high-risk assets. 💬 Let’s Discuss: How do you plan to navigate this potential storm? Will the index find support at 14,900, or is more downside imminent? 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Please consult with your financial advisor for personalized guidance.
NSE:CNXSMALLCAPShort
by sagartharayil
Nifty Breakdown: A Retest of 21,300-21,000 on the Cards?Nifty has decisively broken out of a Falling Wedge + Descending Triangle, confirming a Lower High-Lower Low (LH-LL) pattern. If this bearish momentum sustains, we could see the following levels: Immediate downside toward 22,500 In the worst-case scenario, a retest of 21,300-21,000—the lows last seen during the election volatility of June 2024. 🚩 What’s Adding Pressure? 1️⃣ Midcap, Smallcap, and Microcap indices have also broken down from their bases, intensifying the bearish sentiment. 2️⃣ Uncertainty over Union Budget 2025: Will it contain market-friendly announcements or trigger further panic? 3️⃣ Trump’s global policies & their potential impact on India. 4️⃣ SEBI’s regulations, which could also weigh on market sentiment. 📉 What’s the Key Risk? If the budget disappoints and external policies remain unfavourable, retailers may panic sell, potentially driving Nifty toward these crucial levels. 💡 Trading Tip: Preserve capital during such volatile phases. As Paul Tudor Jones said, "Don’t focus on making money; focus on protecting what you have." 💭 What’s Your View? Will Nifty reverse from 22,500 post-budget? Or are we looking at a deeper correction toward 21,300-21,000? 📈 Let’s discuss below!
NSE:NIFTYShort
by sagartharayil
#Nifty50 - 27th November NSE:NIFTY Chart contains support and resistance levels ( understand how it works 👇🏻) Support and resistance are key concepts in technical analysis used to identify potential price levels where assets may reverse or stall. Support: -Definition: A support level is a price point where buying interest is strong enough to overcome selling pressure, preventing the price from falling further. - Indicators: Support levels can be identified through historical price data, trend lines, or moving averages. - Behavior: When a price approaches support, it may bounce back up. If broken, it can become a new resistance level. Resistance: - Definition: A resistance level is a price point where selling interest is strong enough to overcome buying pressure, preventing the price from rising further. - Indicators: Similar to support, resistance levels can be identified through past price action, trend lines, or moving averages. - Behavior: When the price approaches resistance, it may retreat. If broken, it can turn into a new support level. Importance: - Trade Decisions: Traders use these levels to make buy or sell decisions, set stop-loss orders, and identify potential profit targets. - Market Psychology: Support and resistance levels reflect market sentiment and the balance between supply and demand. Understanding these concepts can enhance trading strategies and improve decision-making. Ps note: I'm not SEBI Registere 🙏🏻
NSE:NIFTY
by thetradeforecast
1
Reliance Support and Resistance Zones for Swing Trading Reliance Chart Analysis & Short term & Long Term Targets Support Levels Reliance Industries has a major support around ₹1200. The stock has taken support at this level twice. If it takes support here again, pay attention to the weekly candle closing. If the stock dips below ₹1200 during the budget time, wait for the price to close above ₹1200 again. Reliance Industries' extended support is around ₹1150. If Nifty comes near the 20,000 mark, Reliance may reach its second major support level near ₹1000. Resistance Levels The resistance for Reliance stock is at ₹1320. The major resistance is at ₹1620. Whenever the stock closes above this level on a weekly candle, the stock may witness a further rally. Reliance Trading and Investment Opportunities Short-Term Trading: Keep the ₹1200 and ₹1150 levels in mind to take a Long Position. The first short-term target is ₹1450. Trade with a stop-loss and a proper entry-exit plan. Long-Term Investors For long-term investors, this is also a good opportunity. Alternatively, you can wait for the upcoming budget. If the stock breaks its all-time high, there could be significant targets in the future.
NSE:RELIANCELong
by manojshinde27
JSB - Trend changing ?JSB - CURRENT PRICE : RM0.485 After finished its downtrend phase, the stock moves in sideways for 3 months (from OCTOBER 2024 until JANUARY 2025). Recently the share price starts to climbing up indicating some bullish scenario. However after a bad news related to the company published, the stock made a falling window (GAP DOWN) on 23 JANUARY 2025. Last Friday the stock managed to recover from the recent sell off and closed as a BULLISH PIERCING LINE. This shows that there is still buying interest in this stock. Based on JAPANESE CANDLESTICK CHARTING TECHNIQUES, falling window may acts as strong resistance level. In this case, RM0.500 may considered as a critical resistance level for this stock. As such, a breakout above RM0.500 , technically will trigger a buy signal at RM0.505 for CANDLESTICK traders. In conclusion, it is a pending breakout stock. ENTRY PRICE : RM0.505 TARGET : RM0.550 , RM0.595 STOP LOSS : RM0.465 (the low of BULLISH PIERCING LINE)
MYX:JSBLong
by IMRAN_96
BankNifty Intraday Support & Resistance Levels for 27.01.2025On Friday, BankNifty opened flat to negative and experienced a volatile session. It initially hit a low of 48,347.85, then rallied to the day’s high of 48,858.65 before declining sharply to a new low of 48,203 by the end of the day. The index closed at 48,367.80, losing 221 points compared to the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be negative. Demand/Support Zones Near Minor Demand/Support Zone (5m): 48,074.05 - 48,171.10 Far Support Zone: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook This marks the third consecutive week that BankNifty has closed below the crucial June 2024 election week closing levels, indicating persistent selling pressure. Unless BankNifty finds support in the 47,800–48,000 zone, further downside could unfold in the coming days. However, a breakout above 49,000 and sustained trading in that range could trigger a bullish move, targeting the 50,000–50,500 zone. With the Union Budget 2025 approaching, heightened volatility is expected. Trade cautiously and keep an eye on key levels!
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 27.01.2025On Friday, Nifty opened on a positive note but witnessed significant volatility. It initially dipped to a low of 23,102.90, finding support at the 5m Demand Zone highlighted in the previous analysis. It then rallied to a day high of 23,347.30, nearing the 5m Supply Zone, before retreating sharply to a new day low of 23,050. The index closed at 23,092.20, losing 113 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Minor Demand/Support Zone (15m): 22,986 - 23,029.55 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30 Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25 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 This marks the second consecutive week where Nifty closed below the critical June 2024 election week levels, signaling sustained selling pressure. Unless Nifty finds strong support in the 22,800–23,000 zone, further downside could be expected in the coming weeks. On the upside, major resistance lies at 23,400–23,800. A breakout above this range might indicate the start of a bullish trend. However, with the Union Budget 2025 on the horizon, caution is advised, as market volatility could spike.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 24th January 2025NSE:NIFTY Index closed near 23205 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 54.00 Lakh 23200 Strike – 41.75 Lakh 23300 Strike – 35.24 Lakh Put Writing 23000 Strike – 68.58 Lakh 23200 Strike – 40.68 Lakh 23300 Strike – 29.77 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23400 - 23450 range. Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 24th January 2025NSE:BANKNIFTY Index closed near 48590 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49500 Strike – 26.00 Lakh 50000 Strike – 23.82 Lakh 49000 Strike – 16.94 Lakh Put Writing 47500 Strike – 17.61 Lakh 48000 Strike – 14.46 Lakh 48500 Strike – 10.15 Lakh Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range.
NSE:BANKNIFTY
by RKMAURYA