Finnifty Intraday Analysis for 06th February 2025NSE:CNXFINANCE
Index closed near 23665 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 0.53 Lakh
24000 Strike – 0.50 Lakh
23400 Strike – 0.37 Lakh
Put Writing
23000 Strike – 0.65 Lakh
23500 Strike – 0.39 Lakh
23100 Strike – 0.31 Lakh
Index has resistance near 23750 - 23800 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.
Trend Analysis
Midnifty Intraday Analysis for 06th February 2025NSE:NIFTY_MID_SELECT
Index closed near 12095 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.04 Lakh
12000 Strike – 4.62 Lakh
12200 Strike – 2.22 Lakh
Put Writing
11800 Strike – 4.05 Lakh
12000 Strike – 3.41 Lakh
12100 Strike – 1.60 Lakh
Index has immediate resistance near 12200 – 12250 range and if index crosses and sustains above this level then may reach 12400 – 12450 range.
Index has immediate support near 11950 – 11900 range and if this support is broken then index may tank near 11800– 11750 range.
Nifty Intraday Analysis for 05th February 2025NSE:NIFTY
Index closed near 23740 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 155.96 Lakh 23800 Strike – 72.19 Lakh
24200 Strike – 62.99 Lakh
Put Writing
23500 Strike – 108.48 Lakh
23400 Strike – 80.01 Lakh
23300 Strike – 77.93 Lakh
Index has resistance near 23950 - 24000 range and if index crosses and sustains above this level then may reach near 24150 - 24200 range.
Index has immediate support near 23550 – 23500 range and if this support is broken then index may tank near 23350 – 23300 range.
Banknifty Intraday Analysis for 05th February 2025NSE:BANKNIFTY
Index closed near 50160 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 10.63 Lakh
51000 Strike – 9.92 Lakh 51500 Strike – 6.21 Lakh
Put Writing
49000 Strike – 12.83 Lakh
50000 Strike – 9.35 Lakh
49500 Strike – 5.80 Lakh
Index has resistance near 50600 – 50700 range and if index crosses and sustains above this level then may reach near 51200 – 51300 range.
Index has immediate support near 49500 - 49400 range and if this support is broken then index may tank near 48900 - 48800 range.
Finnifty Intraday Analysis for 05th February 2025NSE:CNXFINANCE
Index closed near 23620 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 0.56 Lakh
24000 Strike – 0.53 Lakh
23400 Strike – 0.47 Lakh
Put Writing
23000 Strike – 0.63 Lakh
23500 Strike – 0.42 Lakh
23100 Strike – 0.34 Lakh
Index has resistance near 23750 - 23800 range and if index crosses and sustains above this level then may reach near 23950 - 24000 range.
Index has immediate support near 23450 – 23400 range and if this support is broken then index may tank near 23200 – 23150 range.
Midnifty Intraday Analysis for 05th February 2025NSE:NIFTY_MID_SELECT
Index closed near 12010 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 7.90 Lakh
12000 Strike – 5.55 Lakh
12200 Strike – 1.73 Lakh
Put Writing
12000 Strike – 3.77 Lakh
11800 Strike – 3.60 Lakh
11900 Strike – 1.20 Lakh
Index has immediate resistance near 12150 – 12200 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 11650– 11600 range.
CANTABIL bullish breakout above 323..?? - 4th Feb. CANTABIL: Bullish if ~2.5 Year long consolidation range (@323)is broken on good volumes and sustains.
The above information does not constitute investment/trading recommendation and it is purely for educational purpose....
INTRADAY Trading Strategy in 3 stages of breakouts:
1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade , to book high profits in the final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)
Both Safe Traders/High Risk Traders book profits at this stage
SWING Trading Strategy:
Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....
BUY KAVA - Hold for 3-4 Weeks🚀 BUY KAVA - Hold for 3-4 Weeks
📢 Previously, I shared a strategy to BUY KAVA at $0.49 and hold for about 5 weeks.
📌 Market Update & Trade Plan
✔ KAVA has completed its W-cycle correction and is now set for an upward move.
✔ Within this week or early next week, KAVA is expected to resume its growth.
✔ Short-term target: $1+
✔ Long-term potential: $2.2 for those willing to hold longer.
📌 For a full breakdown, revisit my previous KAVA analysis – The strategy remains valid!
🔥 Stay tuned for updates and trade wisely! 🚀
Nifty 50 next movement in 15 Min Time frameNifty 50 -
Nifty made significant movement from the recent key date. Complete downward movement is ruled out immediately as previous key date was of higher level.
Yesterday while doing calculation for targets, had idea that today it should mostly try sideways or down movement as yesterday it had achived the target that today it may take. Till now Nifty has been doing the same.
From back of mind, we assume market may make further movement from 1.30 to 2.15 in 15 minute TF. if not then wait for 3pm, in 15 minute time frame. it is actually based on a cycle completion calculation.
Bullish harmonic in jublpharma in Time frame- DAILYSpotted- Bullish harmonic in jublpharma in Time frame- DAILY
Observe whether it respects the harmonic levels.
Study-Practice-sharing
Educational purpose only.
This is not a recommendation -
I am not SEBI registered - Do not TRADE/INVEST based on what I publish here.
I am not responsible for your loss or gain.
Jubilant Pharmova cmp 1045.00 by Daily Chart viewJubilant Pharmova cmp 1045.00 by Daily Chart view
- Support Zone at 912 to 928 Price Band
- Resistance Zone at 1043 to 1065 Price Band
- Falling Price Channel Breakout and Rising Price Channel is in progress
- Daily Support at 970 > 898 > 815 with Resistance at 1115 > 1194 > 1243 > ATH 1309.90
Gujarat Mineral Development Corp LtdDate : 05.02.2025
GMDC
Timeframe : Day Chart
Remarks :
1 Reversal from positive divergence below neckline of Descending triangle
2 Keep neckline as strict stop loss at 316, cmp 317
3 First target would be recent triple top at 336 around
4 If breaks out out from recent triple top range then 370 is not far
5 If goes below neckline and rsi 50 daily then dont average or bottom fishing
Regards,
Ankur
ONGC : Skewed premium of Puts - Nice sideways setup
Volatility (IVP) is very low in the stock
Zone of 235-240 seems strong support (reversal at high volumes)
On upside, 200D-EMA and Pivot of 270-275 is good resistance
Max Call OI build up at 270 / 265 levels too
Can be volatile but mostly sideways action for Feb Series
Trend strength is not there in either direction
#stoxsense #learntradingwithsudhir #ongc
LODHA (Taking Charge)Real-estate showing it's power,consolidating from 1yr.
CMP-1289
Major Resistance at 1400 (once it brakes the Resistance might be the big move in charge towards to the 1800 level.)
SL-1145 (Daily closing candle)
Low Risk High Reward.
This is not any recommendation only learning purposes.
[High Risk] Laurus Lab - Real breakout or fakeout? What's cookin Laurus Lab - Real breakout or fakeout? What's cooking?
Fundamentals
MCAP- 31000 Cr
PE - 242 > Industry PE of 34.51, Extremely expensive
PEG Ratio is 21.31
Debt to Equity is 0.67 and ICR is 1.9
ROE is 4%, ROCE is 6.6% ( 5yr ROCE is 21%)
Sales growth is -5%, 5yr Sales growth is 17%
Profit Growth is -65%, 5yr Profit growth is 11%
Promoter holding is 27% , constant in last one year
FII Holding has gone up steadily in past few quarters
DII holding on uptrend , however has reduced slightly in last quarter
Latest results - Poor results for past few quarters and hence risky preposition
Technicals
CMP - 586
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 67
Nearly overbought
Commentary
As seen in the charts , the stock has been trading in the parallel channel since mid 2023. Recently it has broken out of this parallel channel with steady volumes near 520-530 range
The stock has to move above the multi year resistance at 600-625 range to touch ATH of 720
Target :
T1 : 600>625>720
Timeframe : 3-6 months
Risks : Poor results in the last few quarters. Have a strict stop loss as per your risk appetite.
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Is this a valid breakout ? Banknifty Plan 04/02/2025 My plan is to short tomorrow as we are at key resistance zone. ( Consider the points below ).
Look for price to test key resistance zones
Wait for a failed breakout or rejection candle
Enter short after confirmation (such as a bearish engulfing or candle close below support)
Use a trailing stop once the trade moves in your favor
Short at or near resistance, exit at support
Place stop-loss just above recent highs or resistance level
Consider a multi-timeframe analysis: Watch 5-min, 15-min, and hourly charts
Monitor global cues and sentiment (if Bank Nifty is correlating with global market weakness)
Set realistic targets: 200 points, then reassess
Scale in once the move gains momentum
Avoid taking trades if market is too choppy or indecisive
Use caution if price is too close to major support
Consider volume: Ensure breakout is supported by increasing volume to confirm the move
If market conditions change, exit early to lock in profits
Natural gas avoid at current price buy above 292 sell below 280How to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Banknifty buy holding from 49150 upside Target on chart givenHow to take trades using Harmonic pattern projection Trade setup is explained below :-
1st D point : 0% is recent top or bottom.
2nd D Point : 13.5% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 13.5% then early or risky traders can reversal trade ,
Safe traders can wait for 27% levels break
Targets :
Target T1 is 27.3% if you are taken entry from 13.5% if taken entry from 27.3 then Target T1: 38.2 % level is our 1st Target
( 38.2% if also a reversal zone so if price reverse then we can make fresh entry also).
T2: 50% level is our 2nd Target
T3: 61.8% to 65 % is our 3rd Target
( This is also reversal zone so we have to book profit at this area and if break then take fresh entry with SL of 2nd Target 50% .)
Next Targets are 78.6 % , 88.9 % 100% , 113.5 % , 127.2% , 141.5% and 161.8% to 165%.
161.8 to 165% if profit booking area so book full profit and wait for reversal.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based .
After showing reversal levels wait for confirmation until 13.5 % or 27 .6 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell .
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance