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Support and Resistance

Banknifty Intraday Analysis for 22nd January 2025NSE:BANKNIFTY Index closed near 48570 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 19.66 Lakh 49000 Strike – 13.16 Lakh 49500 Strike – 12.54 Lakh Put Writing 47000 Strike – 13.49 Lakh 48000 Strike – 13.39 Lakh 49000 Strike – 9.91 Lakh Index has resistance near 49000 – 49100 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range. Index has immediate support near 48000 - 47900 range and if this support is broken then index may tank near 47500 - 47400 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 22nd January 2025NSE:CNXFINANCE Index closed near 22550 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 2.23 Lakh 23800 Strike –0.63 Lakh 23700 Strike – 0.59 Lakh Put Writing 22000 Strike – 1.28 Lakh 22500 Strike – 1.20 Lakh 23000 Strike – 0.92 Lakh Index has resistance near 22700 - 22750 range and if index crosses and sustains above this level then may reach near 22900 - 22950 range. Index has immediate support near 22400 – 22350 range and if this support is broken then index may tank near 22200 – 22150 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 22nd January 2025NSE:NIFTY_MID_SELECT Index closed near 12015 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 8.21 Lakh 12300 Strike – 5.49 Lakh 12400 Strike – 4.43 Lakh Put Writing 12000 Strike – 7.36 Lakh 11800 Strike – 5.87 Lakh 11700 Strike – 2.74 Lakh Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12350 – 12400 range. Index has immediate support near 11850 – 11800 range and if this support is broken then index may tank near 11700 – 11650 range. Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Jan 23, 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
Wipro Looking for SupportHello friends good evening, I have prepared a chart for one of my trades in Wipro which I am sharing with you all. So as we can see the Wipro ADR ( American Depository Receipt) listed in the American market is trading down by 4 to 5 percent. In such a situation we can expect that we may see a similar decline in the price of Wipro shares tomorrow or in the coming session. Therefore I have marked a demand zone on its weekly chart and hope that the price will get a bounce from this demand zone, which will be helpful for us to trade on the long side. Different traders follow different setups and indicators to understand support bounce, I would like to understand it only through price action on smaller time frames and will update accordingly. I hope you liked the idea if yes then please like and share it, thank you all. Best Regards- Amit.
NSE:WIPROLong
by AMIT-RAJAN
4
Nifty levels - Jan 23, 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 Intraday Support & Resistance Levels for 22.01.2025Tuesday's session saw extreme volatility, with BankNifty opening positive and made day high of 49,543.15. However, it faced heavy selling pressure, dropping to 48,692, followed by a bounce to 49,280.70, and finally sliding to a day low of 48,430.95, entering the 125m Demand Zone. It closed at 48,570.90, losing 780 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative. Demand/Support Zones Near Demand/Support Zone (125m): 48,375.60 - 48,610.10 (current price inside the zone) Far Demand/Support Zone (30m): 47,950.15 - 48,117.75 Far Support: 46,077.85 (low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Outlook BankNifty is currently in the 125m Demand Zone (48,375.60 - 48,610.10), which could offer support. If this zone holds, we may see a bounce. However, a break below could lead to further downside.
NSE:BANKNIFTY
by PriteshPalan
Banknifty on daily tf.BN taking support from yesterday low today. Current support zone on daily candles is showing that 49666 - 49955 is the support zone which taken multiple times on BN chart from last year June 2024. Expected BN will play in this zone for a couple of days.. if it breaks down on a closing basis then will see 49000, 48638 level soon. and if yesterday's low intact and any good news for the Indian market then BN will ride to 51000 level while it is not for sure seen as per the market structure and data right now. *This is a personal view for knowledge purposes only.
NSE:BANKNIFTY
by Thejas_5
BTCUSD updated viewA resistance zone was created on BTCUSD at the 99113 - 99944 level. Also at the same level from top to bottom one resistance trend line shows strong resistance in that area. while looking at the HNS pattern in RSI on a closing basis and both the resistance zone and trendline we need a strong closing above the zone with the trendline breaking, then we can see the bigger target in BTCUSD. otherwise, BTCUSD will take the resistance from the trendline and zone and can see the support level again. I already shared what-if support level breaks.
COINBASE:BTCUSD
by Thejas_5
NIFTY Budget Day buying opportunityNifty 50 is travelling in a descending channel from all time high. It has broken the mid-point of the channel and can drop approx 4% more to reach the bottom line. NSE is conducting a special trading session on Saturday 1st Feb, when the new budget will be presented. This co-incides with the bottom of the channel, so I expect Nifty to drop approx 4% more in the next 7 sessions. It should bounce from the bottom line which is also a support zone from Election Day and before, take a rejection from the channel mid-point, take support from the top of the zone, then go upwards to the top line of the channel.
NSE:NIFTYLong
by anubhav_karanseth
4
Nifty Intraday Support & Resistance Levels for 22.01.2025Tuesday's session was marked by high volatility, with Nifty opening positive and made high of 23,426.30, entering the 30m Supply Zone. However, intense selling pressure pushed it down to 23,127.70, followed by another bounce to 23,421.25, before dropping to a day low of 22,976.85. It closed at 23,024.65, losing 320 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Supply/Resistance Zones Near Supply/Resistance Zone (30m): 23,396.85 - 23,454.65 (tested) Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Outlook Tuesday's zigzag movement of over 1,700+ points underscores the volatility in the market. Nifty is facing strong resistance near 23,400, and above that lies a Daily Supply Zone extending up to 23,800. If selling pressure persists, watch for support at the Daily Demand Zone (21,791.95 - 22,910.15).
NSE:NIFTY
by PriteshPalan
Apollo Micro-Do not miss this Volume breakout!Apollo Microsystems has given a breakout of consolidation with a strong weekly closing, almost forming a bullish marubozu candle Stock will look good only when it retest level of 110 and bounces. Levels mentioned on chart. I will not buy at CMP. Stock has potential to fly at least towards 200 according to fib extension. It is too good of breakout to miss. I have hardly seen such a bullish weekly candle recently when Nifty has been slight bearish.
NSE:APOLLOLong
by chartistamey
Nifty Intraday Analysis for 21st January 2025NSE:NIFTY Index closed near 23350 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23600 Strike – 55.67 Lakh 23500 Strike – 48.29 Lakh 23700 Strike – 45.23 Lakh Put Writing 23000 Strike – 75.72 Lakh 23200 Strike – 61.85 Lakh 23300 Strike – 48.12 Lakh Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23600 - 23650 range. Index has immediate support near 23100 – 23050 range and if this support is broken then index may tank near 22850 – 22800 range. High volatility expected due uncertainty on what will say in his first presidential speech and which executive order President Trump will sign after assuming the Oval office.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 21st January 2025NSE:BANKNIFTY Index closed near 49350 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 50000 Strike – 16.83 Lakh 49500 Strike – 10.86 Lakh 50500 Strike – 10.43 Lakh Put Writing 48000 Strike – 14.50 Lakh 49000 Strike – 14.48 Lakh 48500 Strike – 9.69 Lakh Index has resistance near 50000 – 50100 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range. Index has immediate support near 48700 - 48600 range and if this support is broken then index may tank near 48000 - 47900 range. High volatility expected due uncertainty on what will say in his first presidential speech and which executive order President Trump will sign after assuming the Oval office.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 21st January 2025NSE:CNXFINANCE Index closed near 22925 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 23000 Strike – 1.51 Lakh 23500 Strike –1.49 Lakh 23400 Strike – 0.60 Lakh Put Writing 22500 Strike – 1.27 Lakh 23000 Strike – 0.89 Lakh 22800 Strike – 0.77 Lakh Index has resistance near 23250 - 23300 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range. Index has immediate support near 22700 – 22650 range and if this support is broken then index may tank near 22500 – 22450 range. High volatility expected due uncertainty on what will say in his first presidential speech and which executive order President Trump will sign after assuming the Oval office.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 21st January 2025NSE:NIFTY_MID_SELECT Index closed near 12355 level and Maximum Call and Put Writing near CMP as below in January Month contract: Call Writing 12500 Strike – 6.66 Lakh 12400 Strike – 4.26 Lakh 12300 Strike – 3.25 Lakh Put Writing 12000 Strike – 9.16 Lakh 12100 Strike – 3.65 Lakh 12500 Strike – 3.67 Lakh Index has immediate resistance near 12500 – 12550 range and if index crosses and sustains above this level then may reach 12650 – 12700 range. Index has immediate support near 12150 – 12100 range and if this support is broken then index may tank near 11950 – 11900 range. High volatility expected due uncertainty on what will say in his first presidential speech and which executive order President Trump will sign after assuming the Oval office.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
BankNifty levels - Jan 22, 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