Finnifty Intraday Analysis for 23rd January 2025NSE:CNXFINANCE
Index closed near 22650 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 2.13 Lakh
22700 Strike – 0.89 Lakh
23800 Strike – 0.71 Lakh
Put Writing
22000 Strike – 1.35 Lakh
22500 Strike – 1.27 Lakh
23300 Strike – 0.95 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.
Trend Lines
Midnifty Intraday Analysis for 23rd January 2025NSE:NIFTY_MID_SELECT
Index closed near 11920 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 7.98 Lakh
12200 Strike – 4.91 Lakh
12100 Strike – 3.54 Lakh
Put Writing
11800 Strike – 6.93 Lakh
12000 Strike – 6.76 Lakh
11900 Strike – 3.77 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 11700 – 11650 range.
Zensar Technologies W pattern Breakout. 🚨 Zensar Technologies Trade Alert 🚨
🔍 Setup at a Glance:
Pattern: W-pattern forming within a trading channel 📈
Breakout Level: ₹840
Support Zones:
Channel support
200 DMA (holding since March 2024)
Trend: Overall uptrend, trading above key DMAs ✅
Volume: 🚀 2x-3x higher than previous sessions today!
RSI: Strong and supportive – signaling momentum.
💡 Trading Plan:
Entry: Above ₹840 (start small; e.g., buy just 10% of your usual quantity).
If the stock closes above ₹840, you can consider adding more.
Target (T1): ₹1025 (channel top) – +21% upside potential 🎯
Stop Loss (SL): ₹709 – -16% downside risk 🔻
Risk-Reward Ratio (RR): ⚖️ 1:1.3
⚠️ Key Risks & Considerations:
Market Structure:
Currently in a Lower High - Higher Low (LH-HL) sequence.
This trade goes against the broader trend – a higher probability of failure!
Why Consider It?
Exceptional volume and strong RSI, combined with a well-defined W-pattern and breakout level, make this setup compelling.
🚦 Risk Management Tip:
Example Position Sizing: If you usually buy 100 shares, start with only 10 shares initially.
⚠️ Disclaimer: This analysis is for educational purposes only.
Please assess your own risk tolerance and consult with a financial advisor before trading. 📘
💬 What’s your view on Zensar? Let’s discuss in the comments below! 👇
POONAWALLAA!Fibonacci levels, which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase.
feel free to ask! 😊
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON
A. its following a rectangle pattern that stocked the marketwhich preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for breakC. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader
thank you
USDJPY SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD USDJPYSHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Nifty Intraday Analysis for 22nd January 2025NSE:NIFTY
Index closed near 23025 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 93.98 Lakh 23400 Strike – 65.63 Lakh
23300 Strike – 62.14 Lakh
Put Writing
22500 Strike – 66.13 Lakh
23000 Strike – 56.80 Lakh
22400 Strike – 55.68 Lakh
Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 234350 - 23400 range.
Index has immediate support near 22850 – 22800 range and if this support is broken then index may tank near 22700 – 22650 range.
Volatility expected due uncertainty on the tariff imposition decision by the Trump Administration and any other unaccounted news.
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.
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.
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.
Nifty - Expiry day analysis Jan 23We did not get big movement in the morning session today. Price took support from 23000 in the afternoon and moved up. Now price is at important zone.
Buy above 23160 with the stop loss of 23120 for the targets 23200, 23240, 23300 and 23340.
Sell below 23080 with the stop loss of 23120 for the targets 23040, 23040, 22980 and 22940.
Expected expiry day range is 22900 to 23300.
Do your own analysis before taking any trade.
XAUUSDGiven the recent bullish candlestick patterns and the strong support at 2636, there is potential for XAU/USD to test the 2655 resistance level. A successful break above 2694 could lead to further gains toward the 2737 -2775 zone.
However, monitoring market conditions closely is essential, as geopolitical events and economic data releases can influence gold prices.
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.
RATEGAIN TRAVEL TECHN LTD Exhibiting StrengthEven though since few days market haven't showed much strength , this stock has shown strength by holding its lows and , after the consecutive fall for few days the sudden rise in the price shows that buyers are interested in this stock .stock can be bought above 731 on closing basis, the target of 779/825/859 can be planned view is neglected below 695
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.