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Support and Resistance

Nifty Intraday Support & Resistance Levels for 15.01.2025On Tuesday, as anticipated, Nifty opened gap-up, dipped to a low of 23,134.15, and rallied to a high of 23,264.95, narrowly missing the supply zone by 10 points. However, it retraced back to near its low and closed at 23,176.05, gaining 90 points over 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 (30m): 23,063.25 - 23,122.80 Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Minor Supply/Resistance Zone (15m): 23,275 - 23,340.95 Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Outlook If the 30m demand zone holds firm, Nifty may attempt to reach 23,400 or even 23,500 in the upcoming sessions.
NSE:NIFTY
by PriteshPalan
HDFCAMC's Strong Growth Amid Oversold ConditionsTopic Statement: HDFCAMC reported a stellar 30.8% QoQ growth for the third quarter, with its price correcting during the recent market downturn, now oversold as it approaches crucial support at 3600. Key Points: 1. Reported 30.8% QoQ growth for Q3. 2. Price corrected in the recent market downturn. 3.Trading under the 180-day moving average, making it oversold. 4. MFI is below 30, indicating oversold conditions. 5. Approaching crucial support at 3600.
NSE:HDFCAMCLong
by yogeshwar
SBI CARD!! READY TO SWIPE ?? NSE:SBICARD The company specializes in issuing credit cards to consumers across India. Over the last five years, it has achieved impressive profit growth at a CAGR of 22.7%. Additionally, the increasing presence of sales representatives in malls promoting SBI Cards is expected to drive further sales growth. Considering these factors, a long position can be taken with a stop loss of ₹40. Technical Analysis: A Bullish Engulfing Pattern has formed at a key support level (visible on both the daily and weekly charts). The stock is near a trendline and appears poised for a breakout, especially if market sentiment shifts from bearish to bullish. Entry: 735-740 range or 750 CE (next month expiry) to avoid volatility. Target: Short-term swing trading and long-term targets are highlighted in the chart. Stop Loss: 695 (on a closing basis) Feel free to share your thoughts on my analysis! Happy Trading!
NSE:SBICARDLong
by Vikrant_Mighty
GBP/USD 4H Chart Analysis: Potential Market MovementIn this analysis, I'm presenting a potential price action forecast for GBP/USD on the 4-hour timeframe. The chart highlights a combination of technical patterns and key price levels to anticipate future market behavior. Here are the details of the setup: Market Context: The pair is currently trading within a clear bearish trend, as shown by the recent lower lows and lower highs. The sell zone aligns with a key resistance level, suggesting a potential area for bearish continuation. Projection and Scenarios: Blue lines outline two potential paths for market movement: Bullish retracement: Price might push higher to test the identified resistance area around 1.2440 before reversing downward. Bearish continuation: Following the retracement, the market could resume the downtrend, targeting the support levels near 1.2265 and 1.1900. Technical Zones: Resistance Area: 1.2440, highlighted as the probable turning point. Support Levels: 1.2265 (short-term) and 1.1900 (major target). The green zone marks potential retracement before price continuation. Risk Management: Traders should watch for price action confirmation near the resistance area before entering short positions. Stop losses should be placed above the resistance zone to minimize risk. Indicators and Confluence: The chart reflects a clear structure, with previous price reactions adding confluence to the identified zones. Conclusion: This setup offers a well-defined risk-to-reward opportunity for those aligning with the trend. Remember to use proper risk management and wait for confirmation before taking any trades.
Short
by lordthemb
Sensex - Jan 14 expiry day analysisWe had a nice down trend today. May be it will lead to range movement tomorrow. Anyhow let us plan the trade. Range move is possible in the zone 76200 to 76400. Price have to sustain above 76500 to be bullish. Buy above 76540 with the stop loss of 76420 for the targets 76640, 76740, 76860, 76980 and 77120. Sell below 76260 with the stop loss of 76360 for the targets 76160, 76040, 75920, 75800, 75680, 75540 and 75400. Do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
FSL taking support at Channel Bottom and Bouncing...Stock: Firstsource Solutions Ltd. 📎Chart Pattern: Ascending channel with a recent pullback. ✅Key Levels:Entry: ₹380.35 ✅Target (T1): ₹423.10 ✅Stop Loss (SL - Closing Basis): ₹344.70 📎 Observations: ✅Stock is consolidating within a rising channel and has bounced from its lower trendline. ✅The 50DMA(Green) and 200DMA(Yellow) are acting as strong supports, suggesting bullish momentum. ✅RSI and volume remain aligned with the uptrend. 📎Risk-Reward: It is favourable for swing and positional traders. Further additions above 423 would be possible if we get a clean breakout with volume. EveryPullback to 50/200 DMA is a buying opportunity. ⚠️Overall Market sentiments are weak and we are trading against the trend. Disclaimer: This analysis is for educational purposes only, not financial advice.
NSE:FSLLong
by sagartharayil
Option trading Options are a type of contract that gives the buyer the right to buy or sell a security at a specified price at some point in the future. An option holder is essentially paying a premium for the right to buy or sell the security within a certain time frame. When options are better. Options can be a better choice when you want to limit risk to a certain amount. Options can allow you to earn a stock-like return while investing less money, so they can be a way to limit your risk within certain bounds. Options can be a useful strategy when you're an advanced investor.
NSE:IGLEducation
by SkyTradingZone
Nifty Intraday Analysis for 14th January 2025NSE:NIFTY Index closed near 23085 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 99.86 Lakh 23400 Strike – 67.22 Lakh 23300 Strike – 62.58 Lakh Put Writing 23000 Strike – 71.49 Lakh 22500 Strike – 58.06 Lakh 22900 Strike – 38.08 Lakh Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 23350 - 23400 range. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22850 – 22800 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 14th January 2025NSE:BANKNIFTY Index closed near 48040 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 49000 Strike – 11.81 Lakh 48500 Strike – 5.94 Lakh 48000 Strike – 5.23 Lakh Put Writing 48000 Strike – 12.95 Lakh 47000 Strike – 12.65 Lakh 47500 Strike – 6.77 Lakh Index has resistance near 48500 – 48600 range and if index crosses and sustains above this level then may reach near 49000 – 491000 range. Index has immediate support near 47700 - 47600 range and if this support is broken then index may tank near 47100 - 47000 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 14th January 2025NSE:CNXFINANCE Index closed near 22400 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 0.90 Lakh 22500 Strike – 0.82 Lakh 22900 Strike – 0.23 Lakh Put Writing 22000 Strike – 1.61 Lakh 22500 Strike – 1.01 Lakh 22200 Strike – 0.39 Lakh Index has resistance near 22550 - 22600 range and if index crosses and sustains above this level then may reach near 22750 - 22800 range. Index has immediate support near 22200 – 22150 range and if this support is broken then index may tank near 22050 – 22000 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 14th January 2025NSE:NIFTY_MID_SELECT Index closed near 11815 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12000 Strike – 2.83 Lakh 12200 Strike – 1.88 Lakh 12100 Strike – 1.76 Lakh Put Writing 12000 Strike – 6.23 Lakh 11800 Strike – 2.23 Lakh 12100 Strike – 2.07 Lakh Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range. Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550 – 11500 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Nifty levels - Jan 15, 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
BankNifty levels - Jan 15, 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