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Support and Resistance

Jaiprakash Power Ventures:Support and Investment InsightsJaiprakash Power is currently at a strong support zone, making it an opportune time for investors to consider entry. There are three entry zones recommended for splitting investments. As a micro-cap stock, it’s advisable to allocate minor capital. Fundamental Points for Jaiprakash Power (2024): Market Capitalization: Approximately ₹12,110 crore. P/E Ratio: Around 8.93, indicating reasonable valuation. Return on Equity (ROE): Approximately 13.68%, reflecting decent profitability. Debt-to-Equity Ratio: Low at 0.33, suggesting sound financial health. Recent Performance: The stock has delivered a profit growth of 39.8% CAGR over the last five years.
NSE:JPPOWER
by DragonFly-Trading
Apollo Tyres: Potential BounceApollo Tyres is currently positioned at a long-term trendline, which may indicate a potential bounce from these levels. Alternatively, investors might consider waiting for the stock to reach ₹440, a strong support level. The price has dropped approximately 20% from its all-time high. Fundamental Points for Apollo Tyres (2024): Market Capitalization: Approximately ₹33,260 crore. P/E Ratio: Around 19.32, indicating reasonable valuation. Debt-to-Equity Ratio: Low at 35.28, reflecting strong financial health. Return on Equity (ROE): Approximately 13%, showcasing effective profit generation. Sales Growth: Increased to ₹25,378 crore in FY 2024, up from ₹24,568 crore in FY 2023.
NSE:APOLLOTYRE
by DragonFly-Trading
Investment Opportunity in Bajaj AutoBajaj Auto is currently trading around ₹8,600, presenting a potential buying opportunity as it has dropped 30% from its all-time high. This price level aligns with strong support, making it attractive for investors. Fundamental Analysis of Bajaj Auto (2024): Financial Performance: Revenue: Increased from ₹33,145 crore in FY 2022 to ₹44,870 crore in FY 2024. Net Profit: Rose from ₹6,166 crore in FY 2022 to ₹7,708 crore in FY 2024. Profitability Metrics: Operating Profit Margin: Improved from 16% to 20%. Earnings Per Share (EPS): Increased from ₹212.5 to ₹272.7. Market Valuation: P/E Ratio: Approximately 31.27, suggesting a higher valuation. Return on Equity (ROE): Strong at 26.43%. Debt Management: Low debt-to-equity ratio of 6.6, indicating sound financial health.
NSE:BAJAJ_AUTO
by DragonFly-Trading
Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA Spandana Spoorty Fin Ltd view for Intraday 10th Jan #SPANDANA Resistance 480 Watching above 481 for upside movement... Support area 475 Below 475 ignoring upside momentum for intraday Support 475 Watching below 474 or downside movement... Resistance area 480 Above 480 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:SPANDANALong
by EmpireCrown
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