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Support and Resistance

Pre Market analysis for 02/01/2025 Pre Market analysis for 02/01/2025 #NIFTYBANK If market opens flat and breaks 51250 level, will plan for buying for target 51600 level. If market opens gap down, and breaks 51000 will plan for selling for target 50600.Wait for 15min candle close below level. If market opens gap up, and sustains above 51250 level, then plan for buying for target 51600. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:BANKNIFTYLong
by EmpireCrown
Nippon LIAM setting up again after Breakout-Pullback. Watch!Breakout from Previous Resistance of 739 with Huge volume and Wide Range Candle on 10 Dec 2024... 🟢Pulled Back/Retested on the back of low volumes. 🟢Setting up again with a wide range/Bullish Engulfing Candle. 🟢Forming a VCP on DTF. 🟢Apt for building positions than short-term trade in my opinion. ▶️Entry-772.5 ▶️SL 668.4(13.3%) ▶️Target 1 - 817 ▶️Target 2 878 📢 This is for educational purposes only. Trade responsibly. The market trend is not clear yet. Risk Management Rules are extremely important. Kindly do your due diligence and do not rush into a trade without understanding. #Trading #TechnicalAnalysis #NipponLife #StockMarket
NSE:NAM_INDIALong
by sagartharayil
BankNifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, BankNifty opened flat to negative, dipping to a low of 50,485.05 before finding strong bullish support and rallying to a high of 51,321.95. It closed at 51,060.60, gaining 200 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 (15m): 50,800.50 - 50,890 Near Demand/Support Zone (15m): 50,485.05 - 50,629.65 Near Demand/Support Zone (Daily): 49,787.10 - 50,983.50 (tested) Far Support Level: 49,282.64 (61.8% FIBO retracement) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 51,767.65 - 51,937.05 Near 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): 53,741.40 - 54,467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 02.01.2025On Wednesday, Nifty opened flat to negative, dipping to a low of 23,562.80 before rallying to the day’s high of 23,822.80. It ended the session flat at 23,742.90, gaining 98 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 (15m): 23616.50 - 23656.60 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): 23,862.05 - 23,915.35 Near Supply/Resistance Zone (Daily): 24,149.85 - 24,394.45 Near Supply/Resistance Zone (Weekly): 24,567.65 - 25,234.05 (tested)
NSE:NIFTY
by PriteshPalan
Nifty weekly expiry analysis for 02/01/2025.Tomorrow is nifty first weekly expiry of the year. A consolidation is going on in the index and today also it closed in a range. If there is break out of the trendline on the upper side, chances of market retesting 24k levels are high. In case of a fail and market trading downside, a trend downside possibilities are there. 20-EMA and 50-EMA are acting as a resistance and once cleared higher EMAs can be tested. Option buyer be cautious of the expiry premium decay. Only trade the momentum. Major levels Upper resistance :- 24850, 24080 Lower support :- 23550, 23330.
NSE:NIFTY
by TheMamboMomentum
Nifty Intraday Analysis for 1st January 2025NSE:NIFTY Index closed near 23645 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24000 Strike – 97.61 Lakh 23900 Strike – 76.72 Lakh 23800 Strike – 70.72 Lakh Put Writing 23000 Strike – 80.07 Lakh 23500 Strike – 68.50 Lakh 23200 Strike – 50.57 Lakh Index has resistance near 23800 - 23850 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range. Index has immediate support near 23500 – 23450 range and if this support is broken then index may tank near 23300 – 23250 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 1st January 2025NSE:BANKNIFTY Index closed near 50860 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 52000 Strike – 13.91 Lakh 51500 Strike – 8.36 Lakh 51000 Strike – 8.00 Lakh Put Writing 51000 Strike – 11.23 Lakh 51500 Strike – 8.71 Lakh 50000 Strike – 8.07 Lakh Index has resistance near 51300 – 51500 range and if index crosses and sustains above this level then may reach near 52000 – 52200 range. Index has immediate support near 50600 - 50500 range and if this support is broken then index may tank near 50000 - 49900 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 1st January 2025NSE:CNXFINANCE Index closed near 23515 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23500 Strike – 0.51 Lakh 24000 Strike – 0.47 Lakh 24500 Strike – 0.38 Lakh Put Writing 24000 Strike – 0.87 Lakh 23500 Strike – 0.75 Lakh 23700 Strike – 0.18 Lakh Index has resistance near 23650 - 23700 range and if index crosses and sustains above this level then may reach near 23850 - 23900 range. Index has immediate support near 23400 – 23350 range and if this support is broken then index may tank near 23200 – 23150 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 1st January 2025NSE:NIFTY_MID_SELECT Index closed near 12905 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 13000 Strike – 6.07 Lakh 12800 Strike – 2.81 Lakh 12900 Strike – 1.95 Lakh Put Writing 13000 Strike – 5.76 Lakh 12800 Strike – 3.75 Lakh 12900 Strike – 1.86 Lakh Index has immediate resistance near 13050 – 13100 range and if index crosses and sustains above this level then may reach 13200 – 13250 range. Index has immediate support near 12800 – 12750 range and if this support is broken then index may tank near 12650 – 12600 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
DMart: Oversold and in Accumulation Zone Topic Statement: DMart stock has been beaten down, becoming very oversold, with heavy support at 3500 offering a prime accumulation opportunity. Key Points: 1. The stock price is trading below the 180-day moving average, making it extremely oversold. 2. The 3500 level acts as a strong support within the accumulation zone. 3. The stock can be accumulated now and sold near 4800, which is the distribution zone and a key resistance around 5000.
NSE:DMARTLong
by yogeshwar
Nifty levels - Jan 02, 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 02, 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
CIPLA // levels As of January 1, 2025, Cipla Limited (CIPLA) is exhibiting the following support and resistance levels: Support Levels: Immediate Support: ₹1,508.25 Next Support: ₹1,494.07 These levels suggest that if the stock price declines below ₹1,508.25, it may find support around ₹1,494.07. Resistance Levels: Immediate Resistance: ₹1,539.85 Next Resistance: ₹1,553.00 If the stock price surpasses ₹1,539.85, it could encounter resistance near ₹1,553.00. These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions. For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
NSE:CIPLALong
by SkyTradingZone
ICICIBANK // levelsAs of January 1, 2025, ICICI Bank Limited (ICICIBANK) is exhibiting the following support and resistance levels: Support Levels: Immediate Support: ₹1,278 – ₹1,274 Next Support: ₹1,268 These levels suggest that if the stock price declines below ₹1,278, it may find support around ₹1,268. Resistance Levels: Immediate Resistance: ₹1,288 – ₹1,294 Next Resistance: ₹1,298 If the stock price surpasses ₹1,294, it could encounter resistance near ₹1,298. These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions. For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful:
NSE:ICICIBANKLong
by SkyTradingZone
BHARTIARTL // Level //As of January 1, 2025, Bharti Airtel Limited (BHARTIARTL) is exhibiting the following support and resistance levels: Support Levels: Immediate Support: ₹1,568 – ₹1,549 Next Support: ₹1,534 These levels suggest that if the stock price declines below ₹1,568, it may find support around ₹1,534. Resistance Levels: Immediate Resistance: ₹1,602 – ₹1,617 Next Resistance: ₹1,636 If the stock price surpasses ₹1,617, it could encounter resistance near ₹1,636. These support and resistance levels are crucial for traders and investors to monitor, as they can indicate potential price movements and assist in making informed trading decisions. For a more in-depth understanding of how to identify support and resistance levels, you might find the following video helpful
NSE:BHARTIARTLLong
by SkyTradingZone