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Support and Resistance

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
Trendline Support"📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past. 🔍 Here's why this is exciting: Trendline Support: The stock is respecting a multi-year ascending trendline. Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268. Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation. 🚨 Key Levels: Support: 860-870 Resistance: 1,015 | 1,268 💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807." #SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
NSE:CREDITACCLong
by SkyTradingZone
"CREDITACC: Reversal in the Making? Key Levels to Watch!""📈 CREDITACC is trading at a critical support zone near 860-870, backed by a long-term trendline. This level has acted as a strong demand zone multiple times in the past. 🔍 Here's why this is exciting: Trendline Support: The stock is respecting a multi-year ascending trendline. Risk-Reward Setup: Entry near 890 with a stop-loss at 807 and potential targets at 1,015 and 1,268. Volume Analysis: Watch for a spike in volumes near resistance for a breakout confirmation. 🚨 Key Levels: Support: 860-870 Resistance: 1,015 | 1,268 💡 Idea: A move above 1,015 could confirm bullish momentum, opening up significant upside potential. Stay cautious if the price breaks below 807." #SwingTrading #StockMarket #TradingIdeas #CREDITACC #TechnicalAnalysis #BullishSetup
NSE:CREDITACCLong
by TraderChhabra
BIOCON Support & Resistance Here are the support and resistance levels for Biocon Limited (NSE: BIOCON) based on recent market data: Support Levels: ₹349 - ₹350: Immediate support, where buyers have recently shown interest. ₹341 - ₹345: A critical short-term support zone observed from previous trading sessions. ₹325 - ₹330: Stronger support level based on historical price action. ₹300 - ₹305: Psychological and long-term support zone. Resistance Levels: ₹356 - ₹358: Immediate resistance, indicating selling pressure. ₹374 - ₹375: A significant short-term resistance observed from past highs. ₹390 - ₹395: Strong resistance near the 52-week high. ₹400+: Psychological resistance, where profit booking could occur if breached.
NSE:BIOCONLong
by EmpireCrown
TCS Support & Resistance As of January 1, 2025, Tata Consultancy Services Limited (TCS) is trading at ₹4,114.10, reflecting a 0.47% increase from the previous close of ₹4,094.40. Support and Resistance Levels: Daily Support: ₹4,009.48 Daily Resistance: ₹4,117.38 Short-term Support: ₹4,153.41 Short-term Resistace: ₹4,315.60 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Technical Indicators: Pivot Points: Standard Pivot Point: ₹4,145.82 Camarilla Pivot Point: ₹4,088.93 Fibonacci Pivot Point: ₹4,145.82 These pivot points can help identify potential reversal levels during intraday trading. Analyst Insights: According to , TCS is currently in a negative trend. They suggest that if you are holding short positions, continue to hold with a daily closing stop loss of ₹4,176. Fresh long positions can be initiated if TCS closes above ₹4,176 levels. Support levels are identified at ₹4,038, ₹3,981, and ₹3,930, while resistance levels are at ₹4,146, ₹4,197, and ₹4,254.
NSE:TCSLong
by EmpireCrown
ZOMATO Support & Resistance As of January 1, 2025, Zomato Limited (NSE: ZOMATO) is trading at ₹278.85, reflecting a 0.31% increase from the previous close of ₹278. Support and Resistance Levels: Daily Support: ₹275.95 Daily Resistance: ₹297.75 Short-term Support: ₹275.07 Short-term Resistance: ₹287.26 These levels are crucial for traders to monitor, as a breach above resistance may indicate a bullish trend, while a drop below support could suggest bearish momentum. Recent Performance: 52-Week High: ₹304.50 52-Week Low: ₹121.70 Market Capitalization: ₹252,051.3 crore Over the past year, Zomato's share price has appreciated by approximately 123.33%, significantly outperforming the Nifty index's rise of 8.75% during the same period. Analyst Insights: The consensus among analysts is a 'Buy' rating, with a median price target of ₹320.00, suggesting a potential upside of about 15.11% from the current market price. Highest Target Price: ₹375.00 Lowest Target Price: ₹130.00
NSE:ZOMATOLong
by EmpireCrown