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Support and Resistance

Kotak Mahindra Bank exploding after the results.Kotak Mahindra Bank has given good results and reacted gaining 9.21% today. A good support from 200 EMA on the weekly charts and now its trading around a minor resistance zone. For a long time the stock is trading in a range, now the stock has reacted to the news. Either it will take a pause on continue to test the upper resistance around 2000 and 2160. This is the third time the stock is testing the resistance zone. If the resistance is gone chances of test the ATH will be higher. Daily supports are around 1800-1840 levels. Gap filling can be done but not so early. It has also cleared the Moving averages gates of all the four EMAs. Bullishness is there in the stock. Wait for the price action near the levels before entering the trade.
NSE:KOTAKBANK
by TheMamboMomentum
Nifty Intraday Analysis for 20th 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 – 46.98 Lakh 23700 Strike – 42.58 Lakh 23600 Strike – 40.37 Lakh Put Writing 22700 Strike – 46.26 Lakh 22500 Strike – 43.08 Lakh 23000 Strike – 36.89 Lakh Index has resistance near 23300 - 23350 range and if index crosses and sustains above this level then may reach near 23450 - 23500 range. Index has immediate support near 23050 – 23000 range and if this support is broken then index may tank near 228050 – 22800 range. It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 20th January 2025NSE:BANKNIFTY Index closed near 48540 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 12.85 Lakh 49500 Strike – 11.93 Lakh 48500 Strike – 7.75 Lakh Put Writing 48000 Strike – 13.44 Lakh 47000 Strike – 12.04 Lakh 48500 Strike – 9.84 Lakh Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49500 – 49600 range. Index has immediate support near 47900 - 47700 range and if this support is broken then index may tank near 47100 - 47000 range. It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
NSE:BANKNIFTY
by RKMAURYA
BankNifty levels - Jan 21, 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
2
Finnifty Intraday Analysis for 20th January 2025NSE:CNXFINANCE Index closed near 22610 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 1.45 Lakh 22800 Strike – 0.61 Lakh 22700 Strike – 0.61 Lakh Put Writing 22500 Strike – 1.12 Lakh 22800 Strike – 1.07 Lakh 23700 Strike – 0.57 Lakh Index has resistance near 22750 - 22800 range and if index crosses and sustains above this level then may reach near 22900 - 23950 range. Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range. It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 20th January 2025NSE:NIFTY_MID_SELECT Index closed near 12250 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 6.54 Lakh 12300 Strike – 3.53 Lakh 12200 Strike – 3.38 Lakh Put Writing 12000 Strike – 8.39 Lakh 11800 Strike – 4.80 Lakh 12200 Strike – 3.74 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. It is expected that the Index will open with flat to negative sentiment and close red on Monday before Trump assumes office.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 21, 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
WEL- Base breakout! Looks good positionally... WEL Broke out of a Base Volume is improving RSI indicates strength Trading above Key DMAs Resilient to the market correction and did not correct that much Entry: 184.5 SL: 145-Closing basis Positional Target: 261 RR: 1:1.85 ⚠️The market is currently bearish, and these trades go against the prevailing trend. Exercise caution, focus on proper position sizing, and trade lightly to manage risk effectively. Past performance does not guarantee future results. Always consult a financial advisor before making any trading decisions.
NSE:WELLong
by sagartharayil
Bearish Pressure vs Bullish Hope: What’s Next for NIFTY 50?The NIFTY 50 is showing signs of indecision as it trades near critical resistance and support levels. Will the index break out of its consolidation or head for a deeper correction? Key Points: 1. Resistance Zones: - 23,605.30 - 23,550.00 - 23,498.70 - 23,444.95 - 23,383.25 - 23,322.75 2. Support Levels: - 23,259.75 - 23,206.45 - 23,180.00 - 23,138.60 - 23,100.00 - 23,071.85 - 23,006.70 3. Current Setup: The index is trading within a descending trendline resistance, creating a lower high pattern. Support at 23,206.45 is critical, as a breakdown below this level may trigger further downside. A breakout above 23,322.75 could open the path for bullish momentum. How to Trade This: - Bullish Strategy: Enter long above 23,322.75 with targets at 23,444.95 and 23,605.30. Use a stop-loss below 23,259.75. - Bearish Strategy: Enter short below 23,180.00 with targets at 23,138.60 and 23,071.85. Place a stop-loss above 23,259.75. Bottom Line: The market is at a pivotal point, and traders should watch for confirmation of a breakout or breakdown. A decisive move will determine the next direction for the NIFTY 50. Stay cautious and trade with well-defined levels. NSE:NIFTY1! Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:NIFTY
by thetradeforecast
1
BankNifty Intraday Support & Resistance Levels for 20.01.2025On Friday, BankNifty opened gap-down, touched a high of 49,047.20, and dropped sharply to a low of 48,309.50. It ended the day at 48,540.60, losing a significant 738 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Demand/Support Zones Near Demand/Support Zone (15m): 47,950.15 - 48,117.75 Near Support Level: 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): 49,278.70 - 49,389.95 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 (tested)
NSE:BANKNIFTY
by PriteshPalan
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.
NSE:NIFTY
by PriteshPalan
possible 10 years breakout irrigation stock MAHINDRA EPCMAHINDRA EPC IRRIGATION 3months chart, price is standing near 10 years trendline and a breakout on closing basis will give a good rally. This is agriculture related FMCG script. Mahindra EPC Irrigation Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 409.26 Crore) operating in Irrigation & Allied Services sector. Mahindra EPC Irrigation Ltd. key Products/Revenue Segments include Micro Irrigation Systems And Other Agri. Related Products
BSE:MAHEPCLong
by TechnicalAnalystSucrit
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.
NSE:MAZDALong
by TechnicalAnalystSucrit
2
Asian Paints is traded at very cheap level### Asian Paints - **Founded**: 1942 - **Headquarters**: Mumbai, Maharashtra, India - **Founders**: Champaklal H. Choksey, Suryakant C. Dani, Arvind R. Vakil, Chimanlal N. Choksi - **CEO**: - **Industry**: Paints, Coatings, Home Improvement - **Products**: Decorative paints, industrial coatings, home décor, waterproofing, adhesives, and wall coverings - **Stock Listing**: Listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. ### Overview: - **History**: Founded during the Indian independence movement, Asian Paints started as a small venture and grew to become India's leading paint company and Asia's third-largest paint company. - **Global Presence**: Asian Paints operates in over 15 countries and has 26 paint manufacturing facilities worldwide, serving customers in more than 60 countries. - **Market Leadership**: It is a leader in the decorative paints segment in India, holding a significant market share due to its wide range of products and strong distribution network. - **Innovations**: The company is known for its innovative marketing strategies and continuous product innovation, including eco-friendly and technologically advanced paints. Asian Paints has established itself as a trusted brand in the home improvement sector, consistently focusing on customer satisfaction, quality products, and sustainability.
NSE:ASIANPAINT
by TheGoldenFarmsofEquity