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Support and Resistance

DALMIASUG Trading Within Demand ZoneDALMIASUG is currently trading at ₹351.05, slightly above the demand zone of ₹348.5 (baseHigh) to ₹338.05 (baseLow), established on 1st April 2024. This zone may serve as a support area, potentially attracting buyers at these levels. 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 any investment or trading decisions.
NSE:DALMIASUGLong
by rush12799
JPPOWER Trading Within Demand ZoneJPPOWER is currently trading at ₹16.54, slightly above the demand zone of ₹16.39 (baseHigh) to ₹16.1 (baseLow), established on 28th November 2024. This zone may act as a potential support level, offering a possible entry point for investors to evaluate. 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 any investment or trading decisions.
NSE:JPPOWERLong
by rush12799
KALYANKJIL Trading Within Demand ZoneKALYANKJIL is currently trading at ₹649.75, within the demand zone of ₹669 (baseHigh) to ₹632.4 (baseLow), established on 6th November 2024. This zone may serve as a support level, presenting potential opportunities for investors to consider entering positions. 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 any investment or trading decisions.
NSE:KALYANKJILLong
by rush12799
CGPOWER Trading Within Demand ZoneCGPOWER is currently trading at ₹666.3, within the demand zone of ₹679 (baseHigh) to ₹663 (baseLow), formed on 11th September 2024. Investors might monitor this range for potential buying opportunities, as the zone could act as support. 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:CGPOWERLong
by rush12799
SUMICHEM Trading Within Demand ZoneSUMICHEM is currently trading at ₹484.75, within the demand zone of ₹493.9 to ₹477, formed on 2nd July 2024. This range could provide support, and price action in this zone might offer trading or investment 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:SUMICHEMLong
by rush12799
UNIONBANK Trading Within Demand ZoneUNIONBANK is currently trading at ₹105.16, within the demand zone of ₹105.4 to ₹104.2, formed on 13th November 2023. This zone may act as a support level, and investors could monitor price behavior in this range 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:UNIONBANKLong
by rush12799
BankNifty Intraday Support & Resistance Levels for 10.01.2025On Thursday, BankNifty opened with a gap-down, briefly tested a high of 49,798.10, and dropped to a low of 49,230.15, aligning with the FIBO 61.8% level at 49,283. A minor recovery followed, and it closed at 49,503.50, losing 331 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, reinforcing bearish sentiment. 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): 50,043.35 - 50,246.90 Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Outlook BankNifty tested critical support at the 61.8% FIBO level, highlighting this as a pivotal zone. Further downside could push it into the 44,633 zone, while if it sustains we may see up move till 50600.
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 10.01.2025On Thursday, Nifty opened flat to negative, briefly touched a high of 23,689.50, and then dropped sharply to 23,503.05, entering the 30-minute demand zone. It eventually closed at 23,526.50, losing 162 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) has shifted to negative, signalling a growing bearish momentum. Demand/Support Zones Near Demand/Support Zone (30m): 23,496.15 - 23,559.20 (tested) 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 Nifty’s intraday action reflects increased selling pressure, with a dip into a minor demand zone. A breakdown below 23,496 could accelerate the bearish momentum.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Analysis for 9th January 2025NSE:NIFTY Index closed near 23690 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 136.68 Lakh 23800 Strike – 85.63 Lakh 23700 Strike – 81.34 Lakh Put Writing 23500 Strike – 93.82 Lakh 23400 Strike – 71.25 Lakh 23600 Strike – 70.25 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 24000 - 24050 range. Index has immediate support near 23600 – 23550 range and if this support is broken then index may tank near 23400 – 23350 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 9th January 2025NSE:BANKNIFTY Index closed near 49835 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 51000 Strike – 16.19 Lakh 50000 Strike – 9.27 Lakh 50500 Strike – 6.16 Lakh Put Writing 50000 Strike – 12.27 Lakh 49000 Strike – 11.97 Lakh 49500 Strike – 6.80 Lakh Index has resistance near 50400 – 50500 range and if index crosses and sustains above this level then may reach near 50900 – 51000 range. Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 49000 - 48900 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 9th January 2025NSE:CNXFINANCE Index closed near 23235 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.49 Lakh 23400 Strike – 0.47 Lakh 23700 Strike – 0.47 Lakh Put Writing 23000 Strike – 0.49 Lakh 23400 Strike – 0.34 Lakh 23300 Strike – 0.27 Lakh Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range. Index has immediate support near 23100 – 23050 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 9th January 2025NSE:NIFTY_MID_SELECT Index closed near 12560 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 2.41 Lakh 12700 Strike – 2.38 Lakh 12600 Strike – 2.34 Lakh Put Writing 12500 Strike – 4.62 Lakh 12700 Strike – 2.69 Lakh 12600 Strike – 2.51 Lakh Index has immediate resistance near 12650 – 12700 range and if index crosses and sustains above this level then may reach 12800 – 12850 range. Index has immediate support near 12425 – 12375 range and if this support is broken then index may tank near 12200 – 12150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
BankNifty levels - Jan 10, 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
Nifty levels - Jan 10, 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
Potential upcoming reversal for IndusInd bank IndusInd bank has recently had a breakout from a strong consolidation zone. The MACD indicator and the RSI indicator currently show great bullish potential for this stock as well. IndusInd is also currently at a strong tested level of support at 976, and thus could continue moving upwards with a potential target of 1256. There is also a chance that IndusInd continues its original move to the downside, in this case it is likely that IndusInd will continue moving downwards, hit a very strong support level at 797 and then reverse to upside once again. I am not a sebi registered advisor, this idea is posted for educational purposes only.
NSE:INDUSINDBK
by shayaanthewise
Dow Jones: Ready for a Bull Run?! Dow Jones is testing critical levels as it approaches a descending trendline. With strong support below and bullish momentum building, the question remains—will it break out for a rally or face resistance again? Key levels: 1. Resistance Zones: - 43,400.00 - 43,346.03 - 43,063.60 2. Support Levels: - 42,815.04 - 42,450.00 - 42,229.91 3. Current Setup: - The price is moving within a defined structure and testing the trendline resistance. - A successful breakout above the trendline could signal the start of a bullish run. - On the flip side, rejection at the resistance might lead to a retest of lower support zones. How to Trade This: - Bullish Strategy: - Watch for a breakout above 43,063.60 with strong volume. - Targets: 43,346.03 and 43,400.00. - Stop Loss: Below 42,815.04. - Bearish Strategy: - If the price gets rejected near 43,063.60, consider short positions. - Targets: 42,815.04 and 42,450.00. - Stop Loss: Above 43,063.60. Bottom Line: Dow Jones is at a critical juncture. A breakout could lead to a significant upward rally, while failure to clear the trendline resistance may bring the price back into its support range. Stay alert and trade the breakout or rejection based on confirmation! 📈📉 DJ:DJI BLACKBULL:US30 DJ:DJI TVC:DJI
DJ:DJILong
by thetradeforecast
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