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Support and Resistance

Nifty Support and Resistance Levels for 7th Jan TuesdayNifty Key levels :- Previous month low and Previous week low is at 23460 if nifty violates this Nifty might see 23200 to 23k levels breaching this week. Concerns :- 1. HMPV virus. 2.Nifty trading below Daily Dema 200 Intraday levels to trade with . 23650 is immediate resistance if sustains above this area long for the targets of 23700,23750,23800,23850. 23550 is immediate support if sustains below this area short for the targets of 23500,23460,23400,23350. Educational purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD USDCAD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
PRUDENT Trading Within Fresh Weekly Demand ZonePRUDENT is currently trading at ₹2630, within a fresh Weekly demand zone ranging from ₹2804.95 to ₹2523.3, identified on 1st November 2024. This untested zone may attract buyer interest, presenting potential opportunities for investors to consider. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:PRUDENTLong
by rush12799
DBCORP Trading Within Tested Demand ZoneDBCORP is trading at ₹292.1, within its tested demand zone of ₹300 to ₹290.35, established on 31st October 2024. Since this zone has been tested, it indicates prior buyer activity. Investors may consider waiting for additional confirmation signals or price stability within the zone. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:DBCORPLong
by rush12799
SCI Trading Within Tested Demand ZoneSCI is trading at ₹204.45, within its tested demand zone of ₹208.45 to ₹202.05, established on 30th October 2024. As the zone has been tested, it suggests prior buying interest in this range. Investors may look for potential bullish signals or confirm further price stability before acting. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:SCILong
by rush12799
ALOKINDS Trading Above Tested Demand ZoneALOKINDS is trading at ₹19.93, slightly above its tested demand zone of ₹19.85 to ₹19.3, established on 16th November 2023. As this zone has been tested, it reflects previous buying activity, and traders may want to monitor price action for signs of continued upward movement or potential resistance. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:ALOKINDSLong
by rush12799
2
TCS Tested Demand Zone ObservedTCS is currently trading at ₹4090, near its tested demand zone between ₹4092.45 and ₹4024, established on 22nd November 2024. Since this zone has been tested previously, traders may exercise caution and monitor for additional confirmation signals before considering actions. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:TCSLong
by rush12799
FACT Trading Near Fresh Demand ZoneFACT is currently trading at ₹921.1, slightly above its fresh demand zone between ₹918.9 and ₹865.9, established on 29th November 2024. This untested zone suggests potential buying interest, and investors may monitor price movement closely for potential opportunities. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:FACTLong
by rush12799
INDIANB Trading Above Tested Demand ZoneINDIANB is trading at ₹509.4, above its tested demand zone of ₹504.8 to ₹487.35, formed on 29th October 2024. As this zone has been tested, it indicates prior buying interest. Traders and investors may want to evaluate the stock's current momentum and volume for potential entries or exits. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment or trading decisions.
NSE:INDIANBLong
by rush12799
BankNifty Intraday Support & Resistance Levels for 07.01.2025On Monday, BankNifty witnessed a sharp sell-off. After opening flat and reaching a high of 51,026.10, the index nosedived over 1,200 points to a low of 49,751, breaking all near-demand zones. It closed at 49,922, down by a significant 1,066 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Near Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Far 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): 52,264.55 - 53,775.10 Outlook The relentless selling pressure has pushed BankNifty closer to critical support levels, with 49,282.64 being the next key zone to watch. Recovery attempts could face resistance near the 50,618 zone, while the broader trend remains bearish.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 07.01.2025On Monday, Nifty opened on a positive note, reaching a high of 24,089.95. However, intense selling pressure dominated the session, driving the index over 500 points lower to a low of 23,551.90, breaking all near-demand/support zones. It finally settled at 23,616.05, losing 388 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near 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): 23,966.95 - 24,054.30 Near Supply/Resistance Zone (15m): 24,164.90 - 24,210.30 Far Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 (tested) Far Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested) Outlook As predicted in posts since October 2024, Nifty is gradually slipping into bear market territory, evident from the sharp 674-point decline since touching the Daily Supply Zone on 2nd January. The current sentiment remains weak, with support levels being tested. Watch for 23,100 - 23,300 as a critical zone to hold and monitor for selling pressure near 23,900 - 24,400.
NSE:NIFTY
by PriteshPalan
Option Chain in trading Nifty option chain is considered to be the best advance warning system of sharp moves or break outs in the index. What is Implied Volatility (IV)? Implied Volatility (IV) uses an option price to determine and calculate what the current market is talking about, the future volatility of the option's underlying stock. Implied volatility is one of the six essential factors used in options pricing models. The Nifty Option Chain provides a listing of all the available options contracts for the Nifty 50 Index; including the strike prices, expiry dates, and the corresponding premiums. The list shows all call and put options that are available against a specific underlying.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
Technical trading Technical analysis is a trading strategy used by investors to identify new investment possibilities. To anticipate future price movements of stocks or other assets, for example, past price and volume data is studied and shown on graphic charts, where trends, patterns, and technical indicators can be identified. ​Technical trading is a broader style that is not necessarily limited to trading. Generally, a technician uses historical patterns of trading data to predict what might happen to stocks in the future. This is the same method practiced by economists and meteorologists: looking to the past for insight into the future.
NSE:BANKNIFTYEducation
by SkyTradingZone
3
GODREJCP : Morning Star Pattern at SupportGodrej Consumer Products has given breakout near 1100 and now it is retesting its level and making a Morning Star Candlestick Pattern on Support this is a good sign for a stock. There is a Saying in stock market "Retest Stocks are the best Stock" ... if it will follow this proverb we can get a good profit with Trailing Stop-loss.. All data is available in public domain.. CMP : 1140 TG : near ATH SL : Doji's low Stock's selection based on 5 Point Analysis: 1: Idea : Breakout Retest. 2: Support : Volume, Delivery . 3: Technical : Morning Star Candlestick Patter at support. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision.
NSE:GODREJCPLong
by SthitaprajnaYogi
Nifty Intraday Analysis for 6th January 2025NSE:NIFTY Index closed near 24005 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 79.43 Lakh 24200 Strike – 76.59 Lakh 24400 Strike – 66.85 Lakh Put Writing 23700 Strike – 63.38 Lakh 24000 Strike – 59.97 Lakh 23500 Strike – 48.29 Lakh Index has resistance near 24150 - 24200 range and if index crosses and sustains above this level then may reach near 24300 - 24350 range. Index has immediate support near 23900 – 23850 range and if this support is broken then index may tank near 23725 – 23675 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 6th January 2025NSE:BANKNIFTY Index closed near 50990 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 17.10 Lakh 51500 Strike – 11.36 Lakh 51000 Strike – 8.23 Lakh Put Writing 50000 Strike – 11.61 Lakh 51000 Strike – 11.45 Lakh 51500 Strike – 11.02 Lakh Index has resistance near 51500 – 51600 range and if index crosses and sustains above this level then may reach near 52000 – 52100 range. Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50100 - 50000 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 6th January 2025NSE:CNXFINANCE Index closed near 23735 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 24000 Strike – 1.11 Lakh 23900 Strike – 0.57 Lakh 23800 Strike – 0.56 Lakh Put Writing 24000 Strike – 1.02 Lakh 23800 Strike – 0.85 Lakh 23500 Strike – 0.53 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24100 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23450 – 23400 range.
NSE:CNXFINANCELong
by RKMAURYA