Banknifty Intraday Analysis for 15th January 2025NSE:BANKNIFTY
Index closed near 48730 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
50000 Strike – 17.85 Lakh
49000 Strike – 11.37 Lakh
49500 Strike – 9.15 Lakh
Put Writing
48000 Strike – 13.55 Lakh
49000 Strike – 10.66 Lakh
48500 Strike – 9.24 Lakh
Index has resistance near 49350 – 49500 range and if index crosses and sustains above this level then may reach near 49600 – 49700 range.
Index has immediate support near 47400 - 47300 range and if this support is broken then index may tank near 47700 - 47600 range.
Trend Lines
Finnifty Intraday Analysis for 15th January 2025NSE:CNXFINANCE
Index closed near 22720 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23500 Strike – 1.25 Lakh
22000 Strike – 0.84 Lakh
23400 Strike – 0.53 Lakh
Put Writing
22500 Strike – 1.30 Lakh
23000 Strike – 0.63 Lakh
22600 Strike – 0.61 Lakh
Index has resistance near 22900 - 22950 range and if index crosses and sustains above this level then may reach near 23100 - 23150 range.
Index has immediate support near 22550 – 22500 range and if this support is broken then index may tank near 22400 – 22350 range.
Midnifty Intraday Analysis for 15th January 2025NSE:NIFTY_MID_SELECT
Index closed near 12060 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 4.26 Lakh
12300 Strike – 2.73 Lakh
12200 Strike – 1.78 Lakh
Put Writing
12000 Strike – 6.98 Lakh
11800 Strike – 2.46 Lakh
11900 Strike – 2.03 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 11900 – 11850 range and if this support is broken then index may tank near 11700 – 11650 range.
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.
Britannia Industries: Strong Support at Long-Term TrendlineBritannia Industries is currently at a significant support level, having touched a four-year long-term trendline. The stock has declined 24% from its all-time high, making it a potential buying opportunity for investors.
Fundamental Points for Britannia Industries (2024)
Market Capitalization: Approximately ₹1,19,229 crore.
P/E Ratio: Around 55.96, indicating a premium valuation.
Return on Equity (ROE): Approximately 54.28%, reflecting strong profitability.
Dividend Yield: About 1.48%, providing consistent income to investors.
Recent Performance: The stock has shown resilience with a recent increase of 3.06% on January 9, 2025.
SBI - Long Term Investment IdeaSBI iS BELOW a crucial resistance levels.
Strategy used : Support Resistance levels and Trendlines
SBI near a crucial resistance levels
750-770 level.
CMP: 756
Current support levels 750 are broken and acts as resistance.
Investment idea:
50% - When crossing 762
if 610 levels are tested due to sudden spikes and rebounds, invest 50 % of the funds
Key points:
Q3 results are expected on 31st Jan 2025.
Upcoming Budget on Feb 01 2025
Support resistances - refer above.
This idea will be for long term and will be updated regularly
Note: Not a SEBI registered analyst. Plan and trade as per your analysis
NESTLE India- Long Term Investment IdeaNESTLE India is nearing a crucial support levels.
Strategy used : Support Resistance levels and Trendlines
Asian Paints at a crucial support levels
2100-2130 level.
CMP: 2188
Current support levels 2100-2130 are broken and will act as resistance.
Investment idea:
50% - When crossing 2230
if 2100 levels are tested and rebounds, invest 50 % of the funds
Key points:
Q3 results are expected on 31st Jan 2025.
Support resistances - refer above.
This idea will be for long term and will be updated regularly
Note: Not a SEBI registered analyst. Plan and trade as per your analysis
ASIAN PAINTS- Long Term Investment Idea- 2025Asian Paint is at a crucial support levels.
Strategy used : Support Resistance levels and Trendlines
Asian Paints at a crucial support levels
2250-2260 level.
2120-2130 levels
CMP: 2228
Current support levels 2260 are broken and will act as resistance.
Invetment idea:
50% - When crossing 2260
if 2120 levels are tested, invest 50 % of the funds
Key points:
Q3 results are expected on 16th Jan 2025.
Support resistances - refer above.
This idea will be for long term and will be updated regularly
Note: Not a SEBI registered analyst. Plan and trade as per your analysis
SBI CARD!! READY TO SWIPE ?? NSE:SBICARD
The company specializes in issuing credit cards to consumers across India. Over the last five years, it has achieved impressive profit growth at a CAGR of 22.7%.
Additionally, the increasing presence of sales representatives in malls promoting SBI Cards is expected to drive further sales growth. Considering these factors, a long position can be taken with a stop loss of ₹40.
Technical Analysis:
A Bullish Engulfing Pattern has formed at a key support level (visible on both the daily and weekly charts).
The stock is near a trendline and appears poised for a breakout, especially if market sentiment shifts from bearish to bullish.
Entry: 735-740 range or 750 CE (next month expiry) to avoid volatility.
Target: Short-term swing trading and long-term targets are highlighted in the chart.
Stop Loss: 695 (on a closing basis)
Feel free to share your thoughts on my analysis!
Happy Trading!
GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD GBPJPY SHOWING A GOOD DOWN MOVE WITH 1:7 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 14th January 2025NSE:NIFTY
Index closed near 23085 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 99.86 Lakh 23400 Strike – 67.22 Lakh
23300 Strike – 62.58 Lakh
Put Writing
23000 Strike – 71.49 Lakh
22500 Strike – 58.06 Lakh
22900 Strike – 38.08 Lakh
Index has resistance near 23200 - 23250 range and if index crosses and sustains above this level then may reach near 23350 - 23400 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22850 – 22800 range.
Banknifty Intraday Analysis for 14th January 2025NSE:BANKNIFTY
Index closed near 48040 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
49000 Strike – 11.81 Lakh
48500 Strike – 5.94 Lakh
48000 Strike – 5.23 Lakh
Put Writing
48000 Strike – 12.95 Lakh
47000 Strike – 12.65 Lakh
47500 Strike – 6.77 Lakh
Index has resistance near 48500 – 48600 range and if index crosses and sustains above this level then may reach near 49000 – 491000 range.
Index has immediate support near 47700 - 47600 range and if this support is broken then index may tank near 47100 - 47000 range.
Finnifty Intraday Analysis for 14th January 2025NSE:CNXFINANCE
Index closed near 22400 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
23000 Strike – 0.90 Lakh
22500 Strike – 0.82 Lakh
22900 Strike – 0.23 Lakh
Put Writing
22000 Strike – 1.61 Lakh
22500 Strike – 1.01 Lakh
22200 Strike – 0.39 Lakh
Index has resistance near 22550 - 22600 range and if index crosses and sustains above this level then may reach near 22750 - 22800 range.
Index has immediate support near 22200 – 22150 range and if this support is broken then index may tank near 22050 – 22000 range.
Midnifty Intraday Analysis for 14th January 2025NSE:NIFTY_MID_SELECT
Index closed near 11815 level and Maximum Call and Put Writing near CMP as below in January Month contract:
Call Writing
12000 Strike – 2.83 Lakh
12200 Strike – 1.88 Lakh
12100 Strike – 1.76 Lakh
Put Writing
12000 Strike – 6.23 Lakh
11800 Strike – 2.23 Lakh
12100 Strike – 2.07 Lakh
Index has immediate resistance near 11900 – 11950 range and if index crosses and sustains above this level then may reach 12050 – 12100 range.
Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550 – 11500 range.
ICICIGI - Trend Reversal ? ICICI Lombard General Insurance Company Ltd is a leading private sector general insurance company in India.
Technical Analysis:
Weekly: Bullish Harami
Daily Time Frame: Hammer formed on 3rd Jan, volume slightly up
Publishing 2-Hour Chart, as Overall market trend is negative/downtrend. Observe the chart for trendline breakout. On weekly, it's near the 0.65 level, which is crucial. Entry points are mentioned in the chart.
Please share your view.
Container Corporation of India Ltd (CONCOR) READY TO CONQUERContainer Corporation of India Ltd (CONCOR) provides inland container transportation by rail and manages ports, air cargo complexes, and cold chains. It has a market cap of ₹47,778 Cr.
The company is almost debt-free and maintains a healthy dividend payout of 54.9%.
Technical Analysis : Respecting its previous low and forming a triple bottom type structure. On the weekly chart, it has formed a bullish harami candlestick pattern in a downtrend, which is a confirmation to go long. With a very small stop loss of 25 point s, one can aim for the target mentioned and trail accordingly.
Aurobindo Pharma Ltd- Waiting for Consolidation BOAurobindo Pharma Ltd is India's second-largest pharma company and the largest generics company in the US by prescriptions dispensed.
The stock is trading near its support zone, formed a Bullish engulfing candlestick pattern with volume confirmation, indicating a potential continuation of the trend towards the target mentioned.
LTIM - LTIMindtree and GitHub Forge Strategic Partnership to DriLTIMindtree Announces Strategic Partnership with GitHub
LTIMindtree has announced a strategic partnership with GitHub. This collaboration aims to integrate GitHub’s advanced DevOps and AI-driven pair programming capabilities with LTIMindtree’s expertise in digital engineering and AI transformation. The synergy between these two entities is expected to create a robust ecosystem that will drive enterprise innovation at scale.
Technical Analysis
The chart structure indicates a bullish trend, characterized by a cup and handle pattern. A breakout has already occurred.
Buy Range : ₹6550 - ₹6750
Stop Loss : Tailing trendline or ₹6250
Target : Open / As mentioned on Chart