BANKNIFTY Levels for TodayHere are the BANKNIFTY’s Levels for intraday (in the image below) today. Based on market movement, these levels can act as support, resistance or both.
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level.
Note: This idea and these levels are only for learning and educational purpose.
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Trend Analysis
#NIFTY Intraday Support and Resistance Levels - 02/01/2026A gap-up opening is expected in Nifty 50, with prices opening near 26,140, indicating stability and continuation of the existing range. Despite the positive opening bias, there are no major changes in yesterday’s levels, suggesting that the index is still trading within a well-defined consolidation zone. The market remains balanced, and a clear breakout or breakdown is required for strong directional momentum.
On the upside, 26,250 continues to act as a crucial resistance level. A sustained move and hold above this zone can trigger fresh long positions, with upside targets placed at 26,350, 26,400, and 26,450+. Additionally, intraday buying interest can be considered near 26,050–26,100 if the index shows strength, aiming for 26,150, 26,200, and 26,250+.
On the downside, rejection from the 26,200–26,250 zone may lead to a short-term reversal move. In such a scenario, short trades can be considered with downside targets at 26,150, 26,100, and 26,000. As long as Nifty remains within this range, traders should focus on level-based trades, maintain strict risk management, and avoid aggressive positions until a decisive breakout confirms the next trend.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/01/2026)A gap-up opening is expected in Bank Nifty, reflecting continued bullish sentiment after the recent strong upside move and consolidation near higher levels. The index is currently trading around 59,700, which places it above key intraday support zones and keeps the overall bias positive as long as these levels are defended.
On the bullish side, 59,550–59,600 remains an important support zone. If Bank Nifty sustains above this range, buying can be considered with upside targets at 59,750, 59,850, and 59,950+. A decisive breakout above 60,050 will be a major strength signal and can open the path for a further rally toward 60,250, 60,350, and 60,450+, indicating trend continuation.
On the bearish side, any rejection or breakdown below 59,450–59,400 may invite short-term profit booking. In that case, selling positions can be considered with downside targets at 59,250, 59,150, and 59,050. Overall, the structure remains bullish, and traders should prefer buy-on-dips near support levels while keeping strict stop-losses, as volatility can increase after a gap-up opening.
BPCL : Trading the Confluence of Price Action & Macro TailwindsThe stock has been consolidating within a defined range over the past few weeks and has recently started forming a solid base. While the breakout volume isn’t a classic “God-candle,” price action continues to hold firmly above key moving averages, which is a constructive sign. That said, the price is somewhat extended from the EMAs, increasing the probability of a mean-reversion move. Hence, the stop loss needs to be placed wider rather than just below the basing structure.
The conviction behind this trade comes largely from the current Goldilocks macro environment we’re witnessing in early 2026. With global crude prices remaining comfortably low, BPCL is benefiting from strong marketing margins across petrol and diesel, supporting near-term earnings visibility.
On the fundamental side, a major catalyst is the Government’s LPG compensation package. BPCL is expected to receive a significant share of the ₹30,000 crore payout allocated to OMCs, which materially improves cash flows in H2 FY26. This inflow also acts as a strong deleveraging trigger, further strengthening an already improving balance sheet that has seen a steady decline in debt-equity levels over recent quarters.
So took this position with 1% risk on the net capital.
📢📢📢
If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.
Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.
Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer : The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It’s essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It’s important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
Maruti 5th wave**Maruti Suzuki – Weekly Chart | Elliott Wave View**
On the weekly timeframe, Maruti appears to be in the **final stages of the 5th impulse wave** that started from the 2020 low.
Using standard Elliott Wave projections:
* The 5th wave target comes to 16726 considering 1 st wave starting from 2020.
* Price has already reached this zone, but **the 5th wave structure does not yet look complete**.So I have restrictive view above 16726
This suggests:
* **16726 may not be the critical.
let us observe how it unfolds it today
From the **fundamental side**, **Maruti Suzuki India Limited** has reported **strong sales performance in 2025**, which supports the idea of **continued strength rather than an abrupt reversal**.
⚠️ This is a **Wave-5–focused view only**.
Reversal signals and momentum divergence will be critical to confirm final exhaustion.
*Trend remains up, but risk management is essential at higher levels.*
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Chumtrades XAUUSD Weekly Key Levels
Bias: Still favor BUY with the primary trend, watching for pullbacks to lower levels.
Support zones
4307 – 4300 (near-term support, key area to watch)
4260 – 4255 – 4250 (intermediate support)
4178 – 4168 (deep support, strong demand)
Resistance zones
4404 – 4413
4445 – 4465
4500 (ATH)
Weekly / Intraday scenario
Market is likely to trade in a range today.
Expected range:
Lower bound: 4300
Upper bound: 4513
👉 Overall strategy: Monitor price reaction at support zones, especially 4300 and below.
Gold Trading Strategy for 02nd January 2026🟡 GOLD (XAUUSD) – 1 HOUR CANDLE STRATEGY ⏳
📈 BUY SETUP
🟢 Buy only if price breaks & 1-Hour candle CLOSES ABOVE:
➡️ 4374
🎯 Buy Targets:
🎯 4385
🎯 4396
🎯 4408
📌 Confirmation is mandatory: wait for full 1-hour candle close above 4374.
📉 SELL SETUP
🔴 Sell only if price breaks & 1-Hour candle CLOSES BELOW:
➡️ 4290
🎯 Sell Targets:
🎯 4277
🎯 4265
🎯 4253
📌 Confirmation is mandatory: wait for full 1-hour candle close below 4290.
⏰ TIME FRAME
🕒 1 Hour Candle (H1) ONLY
❌ Do not trade on lower timeframes for this setup.
⚠️ IMPORTANT NOTES
✅ Trade only after candle close, not on live movement
✅ Follow strict stop-loss & risk management
❌ Avoid over-trading
❌ No confirmation = No trade
⚠️ DISCLAIMER
📌 This analysis is for educational purposes only.
📌 Not a buy/sell recommendation.
📌 Gold trading involves high risk. Please consult your financial advisor before trading.
📌 You are fully responsible for your profits and losses.
one last push🏋🏻
Before we step down, domestic big money sees a window while most global markets are on holiday. Think of it like a child left home alone—they’ll try to clean up the mess by the time you return.
Local players are expected to dominate until tomorrow’s first session, with a strong chance of testing a triple top or nudging that level slightly. In the second half, global markets may bring the fire back into the room. Like the kid, attempts to “clean up” won’t fully succeed. Expect major manipulation—money moving between futures and cash, while quietly profiting through options in the background.
NIFTY Analysis for 2nd JAN '26: IntraSwing Spot level🚀Follow GIFTNIFTY Post for NF levels
💥Level Interpretation / description:
L#1: If the candle crossed & stays above the “Buy Gen”, it is treated / considered as Bullish bias.
L#2: Possibility / Probability of REVERSAL near RLB#1 & UBTgt
L#3: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as Sidewise. Aggressive Traders can take Long position near “Sell Gen” either retesting or crossed from Below & vice-versa i.e. can take Short position near “Buy Gen” either retesting or crossed downward from Above.
L#4: If the candle crossed & stays below the “Sell Gen”, it is treated / considered a Bearish bias.
L#5: Possibility / Probability of REVERSAL near RLS#1 & USTgt
HZB (Buy side) & HZS (Sell side) => Hurdle Zone,
*** Specialty of “HZB#1, HZB#2 HZS#1 & HZS#2” is Sidewise (behaviour in Nature)
Rest Plotted and Mentioned on Chart
Color code Used:
Green =. Positive bias.
Red =. Negative bias.
RED in Between Green means Trend Finder / Momentum Change
/ CYCLE Change and Vice Versa.
Notice One thing: HOW LEVELS are Working.
Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry.
⚠️ DISCLAIMER:
The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. I am not a SEBI-registered financial adviser.
Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
"As HARD EARNED MONEY IS YOUR's, So DECISION SHOULD HAVE TO BE YOUR's".
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PolycabPolycab is looking good.
Key EMAs have aligned, a breakout from here may give a good upside move.
Keep it in your watchlist for paper trading.
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📌 For learning and educational purposes only, not a recommendation. Please consult your financial advisor before investing.
NIFTY : Trading levels and Plan for 02-Jan-2026(Timeframe: 15-min | Gap consideration: 100+ points)
Key Levels to Track (from chart)
Major Resistance Zone (Daily / ATH area): 26,336 – 26,386
Last Intraday Resistance: 26,288
Opening Resistance Zone: 26,160 – 26,182
Opening Support Zone: 26,089 – 26,098
Last Intraday Support: 26,023
Lower Support (Extreme): 25,945
🧠 Context: NIFTY is trading near an important daily resistance for potential new lifetime highs, hence reactions around resistance zones will be crucial. Expect volatility + traps.
🟢 1. GAP-UP OPENING (100+ Points)
If NIFTY opens above 26,182, it indicates bullish continuation attempt.
🎓 Educational Explanation:
Gap-up opens near higher-timeframe resistance often test buyer strength vs profit booking. Only sustained acceptance above resistance confirms continuation.
Plan of Action:
Avoid trading in first 10–15 minutes to let volatility settle.
Sustaining above 26,160–26,182 → bullish bias remains intact.
Fresh buying confirmation above 26,288 can push price toward 26,336–26,386.
Sharp rejection from 26,336+ zone may trigger intraday pullback.
Options traders: Prefer ATM / ITM Call buying or Bull Call Spread after retest & hold.
🟡 2. FLAT OPENING
If NIFTY opens between 26,100 – 26,160, market enters a balance / decision zone.
🎓 Educational Explanation:
Flat opens usually indicate indecision. Direction is confirmed only after range expansion. Patience is key to avoid whipsaws.
Plan of Action:
Holding above 26,160 keeps upside open toward 26,288.
Failure to cross 26,160–26,182 may result in sideways or pullback.
Breakdown below 26,089 increases probability of move toward 26,023.
Trade only after clear breakout / rejection with volume.
Options traders: Prefer non-directional strategies (Iron Fly / Short Strangle) if range persists.
🔴 3. GAP-DOWN OPENING (100+ Points)
If NIFTY opens below 26,089, early sentiment turns cautious.
🎓 Educational Explanation:
Gap-downs into support zones often see short covering or dip buying. Selling blindly near support increases reversal risk.
Plan of Action:
First support to watch: 26,089–26,098.
Break & acceptance below 26,089 → downside toward 26,023.
Failure to hold 26,023 may drag index to 25,945.
Strong bullish candles near supports may offer bounce trades.
Options traders: Prefer Put spreads instead of naked puts to control risk.
⚙️ Risk Management Tips for Options Trading 🛡️
Risk only 1–2% of capital per trade.
Avoid over-leveraging near all-time-high resistance zones.
Use time-based exits if premium stops moving for 15–20 minutes.
Book partial profits at resistance; don’t aim for extremes.
Avoid revenge trading on false breakouts.
Prefer ATM options or spreads over far OTM buying.
🧾 Summary & Conclusion
Above 26,182: Bulls stay active toward 26,288 → 26,336–26,386
Between 26,089–26,160: Market in balance → wait for confirmation
Below 26,089: Sellers gain control toward 26,023 → 25,945
Trade price reaction at levels, not emotions or headlines 🎯
Patience + discipline will matter more than aggression on such levels.
⚠️ Disclaimer
I am not a SEBI-registered analyst. This analysis is strictly for educational purposes only. Trading in markets involves risk. Please consult your financial advisor before taking any trade.
20 JAN 2026 Expiry OutlookNIFTY is heading into the 6 Jan expiry with clear signs of absorption and compression, following a phase of elevated traded volumes without corresponding price damage. This behaviour typically precedes a liquidity-driven test of key reference levels, rather than an immediate directional breakdown.
Daily timeframe continues to remain constructive:
Both RSI and Stoch RSI are positioned above their respective moving averages, indicating improving momentum.
The recent volume expansion (30 Dec → 1 Jan) is significant, and historically, similar volume events have resulted in short-term continuation lasting multiple sessions.
Volume Profile POC around 25,900 continues to act as a strong acceptance zone, from where price has responded positively.
Bollinger Bands on the Daily TF still leave room for upside, with no signs of exhaustion near the upper band.
From a structural perspective, the market appears to be preparing for a retest of the all-time high liquidity zone.
Key reference zone
26243–26321
Prior ATH region (23 Sept 2024 ~26280)
Gap-up rejection zone from 1 Dec 2025 (~26325)
This zone represents unresolved supply and liquidity, which markets often revisit after prolonged acceptance below.
Lower timeframe behaviour (context, not contradiction)
On the 4H timeframe, RSI and Stoch RSI remain above their MAs but are not expanding, while price has moved sideways despite the highest traded volume since late November. This suggests absorption rather than distribution, placing the 4H RSI-MA in a decision zone.
On 1H, 30m and 15m timeframes, momentum has gone through a reset phase, with bearish RSI-MA crossovers and consolidation. Importantly, this has occurred without a structural breakdown, which is typical of pre-expiry compression rather than trend failure.
Most realistic expiry path
Near-term:
- Sideways action or a shallow dip toward 26050–26000, allowing lower timeframes to rebuild momentum.
Constructive condition:
- Sustained acceptance above 26150 would indicate successful absorption and support formation.
Directional attempt:
- A move toward 26243–26321 (ATH retest) becomes the logical next objective.
Decision point at ATH
Acceptance above 26320 (with momentum expansion on 4H) would open the path toward 26500.
Rejection from the ATH zone, followed by a loss of 26150 and a bearish 4H RSI-MA crossover, would shift focus back to the 25900 Volume Profile POC.
Conclusion
This setup favours a process-driven approach rather than prediction. Current price action suggests absorption and positioning, not exhaustion. Unless the 4H RSI-MA decisively breaks down, the market structure supports a reset → build → ATH retest sequence into expiry.
Watch momentum resolution at key levels — the market will reveal intent.
Nifty: Tight Acceptance at Highs, Strength BuildupTight Acceptance at Highs — Strength Without Urgency
NSE:NIFTY is trading just below a key overhead supply zone near the previous high.
What stands out is not the price level, but the behaviour.
This is another day of acceptance, not rejection. A good hint from the market.
Price is holding near the highs without sharp selling.
Upper wicks are limited.
Ranges are tight.
Volume is steady, not climactic.
This tells us the market is comfortable here.
No rush to distribute.
No urgency to chase.
That matters.
For tomorrow, the market’s task remains straightforward — resolve this compression.
Two scenarios have higher probability.
Scenario 1:
The index dips mildly toward the 26000–26030 zone and buyers step in again.
If price stabilizes and holds this base, it confirms strength and keeps the continuation structure intact.
Scenario 2:
The market opens flat to mildly positive and spends time below the overhead resistance near 26250–26270.
Time-based consolidation at highs, without aggressive selling, is a bullish signal.
It shows supply is present, but not dominant.
The risk scenario to watch:
If there is a sharp rejection from the 26250–26270 zone and NIFTY starts sustaining below 25950,
then this acceptance can fail and the index may rotate back into a broader range.
Intraday bias for tomorrow:
Bias remains mildly positive as long as the index holds above 26000 with acceptance.
A decisive close above the overhead resistance will attract momentum participation,
but until that happens, patience continues to have the edge.
This is where many traders slip.
They mistake time correction for weakness.
They anticipate breakouts instead of waiting for confirmation.
Experienced traders understand this phase.
Markets often pause near highs to test conviction, not to trap buyers.
Sector-wise, NSE:NIFTY_IND_DEFENCE and NSE:CNXAUTO stocks continue to show relative strength.
As long as the index remains stable, selective setups in this space remain actionable on dips or clean breakouts.
Overall market mood is constructive and controlled.
This is still a preparation phase, not an aggressive execution phase.
Let price confirm.
Let behaviour guide decisions.
That’s all for today.
Stay aligned with structure, not emotions.
Have a focused and profitable tomorrow.
📊 Levels at a glance:
Support zone: 26000–26030
Immediate resistance: 26250–26270
Risk level: Below 25950
Bias: Mildly positive, buy on acceptance not spikes
Sector focus: Defence, Auto
Nifty Important LevelsNifty50
Overall structure is bullish, we may see a good move if Nifty breaks 26236 with a strong candle. First 30min candle will decide the move.
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Bharat Forge.. Ready for upmove..Bharat Forge.. Has formed a Cup & handle pattern..
Breakout is expected soon..
If it gives breakout then as per the pattern first target comes at around 1550 to 1560..
Lets see whether market support this sentiment or not ( Fingers Crossed ) :)
Book your profit accordingly..
XAUUSD/GOLD 1H SELL LIMIT PROJECTION 01.01.26This is XAUUSD – Gold – on the 1-hour timeframe.
The market is clearly in a downtrend,
forming lower highs and lower lows.
Price is currently in a pullback phase within the trend.
This pullback is moving into a strong confluence zone —
the descending trendline combined with a fair value gap.
This area acts as a high-probability sell zone.
Sell limit area:
4330 to 4340.
Here, we expect a short-term bullish move to trap buyers,
followed by a strong rejection and continuation to the downside.
Stop loss:
4353 — a clear invalidation of the setup.
Target one:
4300 — a short-term support level.
Target two:
4278 — a strong demand zone and trend continuation target.
This is a pullback sell strategy.
Trade with the trend, not against it.
No emotions.
No overtrading.
Only structure, discipline, and patience.






















