Trend Lines
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.
Silver (XAG/USD) Gaining Momentum – Next Target $32-$33?Silver is showing strong bullish momentum, currently trading around $31.53, with a +1.25% gain. The price has broken above key resistance levels and is now trading above the 200 EMA (currently at $30.48), which signals a potential continuation of the uptrend.
There's a fair volume range above, along with an internal liquidity level (Int. LQ), which could act as the next target. The market has already filled a previous market block (MB), suggesting that the structure is clean for further upside.
If this bullish momentum holds, the price could push toward $32 - $33 in the short term. A retest of support near $30.50 (200 EMA) would still keep the uptrend intact.
Silver1!Understand the chart:
Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down.
Lines with percentages: These are like checkpoints to see how much the price has moved up or down.
Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down.
Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell.
Hope this helps! 🌞📉📈
Nifty Intraday Analysis for 04th February 2025NSE:NIFTY
Index closed near 23360 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23500 Strike – 127.33 Lakh 23600 Strike – 77.76 Lakh
23700 Strike – 69.26 Lakh
Put Writing
23000 Strike – 90.02 Lakh
23300 Strike – 79.53 Lakh
23200 Strike – 74.65 Lakh
Index has resistance near 23500 - 23550 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23100 – 23150 range and if this support is broken then index may tank near 23000 – 22950 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Banknifty Intraday Analysis for 04th February 2025NSE:BANKNIFTY
Index closed near 49210 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 9.84 Lakh
49000 Strike – 7.49 Lakh 49500 Strike – 5.92 Lakh
Put Writing
49000 Strike – 12.33 Lakh
50000 Strike – 6.32 Lakh
49500 Strike – 4.88 Lakh
Index has resistance near 49800 – 49900 range and if index crosses and sustains above this level then may reach near 50600 – 50700 range.
Index has immediate support near 48800 - 48700 range and if this support is broken then index may tank near 48100 - 48000 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Finnifty Intraday Analysis for 04th February 2025NSE:CNXFINANCE
Index closed near 23130 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23000 Strike – 0.53 Lakh
23200 Strike – 0.49 Lakh
23500 Strike – 0.43 Lakh
Put Writing
23000 Strike – 0.69 Lakh
23100 Strike – 0.33 Lakh
23200 Strike – 0.28 Lakh
Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
Midnifty Intraday Analysis for 04th February 2025NSE:NIFTY_MID_SELECT
Index closed near 11820 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.72 Lakh
12000 Strike – 4.47 Lakh
11800 Strike – 3.10 Lakh
Put Writing
11500 Strike – 5.00 Lakh
11800 Strike – 3.68 Lakh
12000 Strike – 2.44 Lakh
Index has immediate resistance near 12000 – 12050 range and if index crosses and sustains above this level then may reach 12175 – 12225 range.
Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range.
Volatility expected due to escalation of tariff war by the Trump Administration w.e.f 04th Feb.
AUD/JPY Bearish Outlook: Potential Breakdown Toward 83.516?1. Chart Pattern: Descending Wedge/Channel
The chart shows a clear downward sloping channel, indicating a bearish trend.
Price has been making lower highs and lower lows, suggesting selling pressure.
2. Key Levels
Resistance: The upper boundary of the descending channel acts as resistance.
Support: The lower boundary of the descending channel serves as support.
Major Target: The projected price movement (indicated by the arrow) suggests a drop toward 83.516, which appears to be a strong support level.
3. Moving Average (EMA 200)
The 200 EMA (94.639) is being tested.
If price breaks below the 200 EMA, it could signal further downside.
4. Recent Price Action
The price is currently at 95.848, having dropped -1.43% in the latest session.
If it fails to hold this zone, a breakdown could accelerate selling pressure.
5. Bearish Breakdown Scenario
A break below 95.000 could trigger further selling.
If price follows the projected path, a move to 83.516 is possible.
Conclusion
Bearish bias in the medium term.
Watching for a breakdown below 94.639 (200 EMA) for confirmation.
If the lower channel support holds, a bounce could occur.
Traders should look for confirmation signals before entering a position.
DXY Bullish Breakout – USD Strengthening Towards 120+?📊 DXY (U.S. Dollar Index) Monthly Chart Analysis 🚀
📈 Breakout in Progress:
The chart shows a breakout from a horizontal resistance zone (previous highs). This signals bullish momentum.
📊 Trend & Structure:
Higher Lows & Higher Highs indicate an uptrend.
Price has been moving within an ascending channel for years.
📉 EMA 200 Support:
The 200-month EMA (95.63) is well below the current price, acting as a strong long-term support level.
🔮 Future Projection:
A potential pullback to confirm support, followed by a strong bullish move toward 120-125 levels.
Chart Projection Suggests: 🚀 Upside continuation if support holds.
🔥 Key Levels to Watch:
✅ Support: 104-108 (Breakout retest zone)
🎯 Target: 116-124 (Upper trendline)
💡 Conclusion: Bullish bias remains strong. If DXY holds above 108, the dollar could gain more strength in 2025. 🚀📊
Nifty Intraday Analysis for 03rd February 2025NSE:NIFTY
Index closed near 23480 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 137.54 Lakh 23500 Strike – 78.95 Lakh
23800 Strike – 67.15 Lakh
Put Writing
23000 Strike – 84.91 Lakh
23200 Strike – 72.37 Lakh
23300 Strike – 56.99 Lakh
Index has resistance near 23550 - 23600 range and if index crosses and sustains above this level then may reach near 23750 - 23800 range.
Index has immediate support near 23300 – 23250 range and if this support is broken then index may tank near 23050 – 23000 range.
Volatility expected due to escalation of tariff war by the Trump Administration.
Banknifty Intraday Analysis for 03rd February 2025NSE:BANKNIFTY
Index closed near 49505 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
50000 Strike – 8.59 Lakh
49000 Strike – 6.81 Lakh 49500 Strike – 4.78 Lakh
Put Writing
49000 Strike – 10.91 Lakh
50000 Strike – 6.22 Lakh
49500 Strike – 4.664 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 49000 - 48900 range and if this support is broken then index may tank near 48400 - 48300 range.
Volatility expected due to escalation of tariff war by the Trump Administration.
Finnifty Intraday Analysis for 03rd February 2025NSE:CNXFINANCE
Index closed near 23170 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
23500 Strike – 0.38 Lakh
23000 Strike – 0.38 Lakh
23200 Strike – 0.34 Lakh
Put Writing
23000 Strike – 0.44 Lakh
22500 Strike – 0.28 Lakh
23200 Strike – 0.21 Lakh
Index has resistance near 23400 - 23450 range and if index crosses and sustains above this level then may reach near 23650 - 23700 range.
Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range.
Volatility expected due to escalation of tariff war by the Trump Administration.
Midnifty Intraday Analysis for 03rd February 2025NSE:NIFTY_MID_SELECT
Index closed near 11865 level and Maximum Call and Put Writing near CMP as below in February Month contract:
Call Writing
12500 Strike – 5.46 Lakh
12000 Strike – 4.23 Lakh
11800 Strike – 1.95 Lakh
Put Writing
11500 Strike – 3.99 Lakh
11800 Strike – 3.06 Lakh
12000 Strike – 2.43 Lakh
Index has immediate resistance near 12000 – 12050 range and if index crosses and sustains above this level then may reach 12175 – 12225 range.
Index has immediate support near 11700 – 11650 range and if this support is broken then index may tank near 11550– 11500 range.
Volatility expected due to escalation of tariff war by the Trump Administration.
WIPRO! SHORT!! Wipro Ltd is a global leader in Information Technology (IT), consulting, and Business Process Services (BPS). It ranks as the fourth largest Indian player in the global IT services industry, following TCS, Infosys, and HCL Technologies.
Sales Growth: Over the past five years, Wipro has experienced a relatively poor sales growth of 8.75%.
Dividend Payout: The company has maintained a low dividend payout ratio of 12.2% of profits over the last three years.
Technical Analysis:
Bearish Engulfing Candlestick Pattern: A bearish engulfing pattern formed at the top in Weekly Timeframe, indicating a potential reversal in the stock's down trend.
Entry : @ 300 to 305 Range for shorting
Stop Loss : 315
Target : 285 to 275 ++
Strategy: One can take 300 PE FEB month Expiry or Short the Future.
Let me know what you think about this analysis.
Happy Trading!
BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?📉 Bitcoin (BTC/USDT) 4H Chart Analysis
🔴 Overview:
Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe.
The price is moving within a descending wedge/pennant pattern.
Key EMA (200): Currently at $100,781, acting as dynamic support.
📌 Key Levels & Analysis:
Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level.
Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in.
⚠️ Potential Scenarios:
Bearish Breakdown ⬇️
If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely.
The marked arrow suggests this bearish move.
Bullish Rebound ⬆️
If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow.
🧐 Final Thoughts:
Short-term trend: Bearish bias unless price reclaims resistance.
Watch for a break below $100,800 for further downside.
RSI & Volume Confirmation Needed for stronger signals.