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Part 1 Support and Resistance Introduction to Option Trading Option trading is a type of derivative trading where investors buy and sell contracts that give them the right—but not the obligation—to buy or sell an underlying asset (such as stocks, indices, or commodities) at a predetermined price within a specified period. The two basic types of options are Call Options and Put Options. A Call Option gives the holder the right to buy an asset, while a Put Option gives the holder the right to sell. Unlike futures, options provide flexibility and limited risk for buyers because they can choose not to exercise the contract if the market moves against them. This characteristic makes options one of the most versatile financial instruments in modern markets.
CRYPTO:BTCUSDEducation
by SkyTradingZone
2
The Role of Sub-Brokers in India’s Financial MarketIntroduction India’s financial market is one of the fastest-growing in the world, driven by rising participation from retail investors, a robust regulatory framework, and increasing digitalization. Within this ecosystem, sub-brokers have historically played a vital role as intermediaries who connect investors to the stock market through registered stockbrokers. Although technological advancements and new regulatory norms have transformed their traditional role, sub-brokers continue to be significant, especially in expanding the reach of capital markets into smaller towns and rural areas. Their contribution lies not only in client acquisition but also in investor education, market accessibility, and financial inclusion. Who is a Sub-Broker? A sub-broker is an individual or entity who acts as an agent on behalf of a stockbroker to facilitate buying, selling, and trading of securities for clients. They do not hold direct membership of a stock exchange but work under a registered stockbroker who has that membership. Essentially, a sub-broker serves as a bridge between the investor and the main broker. Before 2018, sub-brokers were directly registered with the Securities and Exchange Board of India (SEBI). However, SEBI later discontinued new registrations under this category, directing intermediaries to register instead as Authorised Persons (APs) under brokers. Evolution of Sub-Brokers in India The journey of sub-brokers in India is tied closely to the growth of the Indian stock market. 1. Pre-Demat Era Before the introduction of electronic trading in the 1990s, the stock market was largely paper-based and operated through physical share certificates. Investors relied heavily on personal connections and local agents—who acted as early sub-brokers—to execute trades and manage portfolios. 2. Post-Demat and Online Trading With the establishment of National Stock Exchange (NSE) and Central Depository Services (CDSL) in the 1990s, trading moved online. Sub-brokers began using digital platforms provided by brokers to execute client trades more efficiently, allowing them to serve a wider base of investors. 3. SEBI’s Regulatory Transformation SEBI introduced strict norms to bring transparency to sub-broker operations. However, as technology simplified client onboarding, SEBI decided in 2018 to merge the “sub-broker” category into Authorised Persons to streamline supervision and compliance under brokers. Despite the name change, the function remains nearly identical — connecting clients to brokers and markets. Registration and Compliance Framework A sub-broker (or now an Authorised Person) must be associated with a SEBI-registered trading member or broker. Key Requirements: Broker Association: Must have a written agreement with a SEBI-registered broker. Education and Experience: Generally, a graduate with sound knowledge of the stock market is preferred. Infrastructure: Should have office space, internet access, and client service capacity. KYC and AML Compliance: Must ensure all clients undergo Know-Your-Customer verification and follow Anti-Money Laundering norms. Revenue Sharing Agreement: Income is typically commission-based, agreed mutually between the sub-broker and the broker. Transition to Authorised Persons (APs): After SEBI discontinued the sub-broker category, all existing sub-brokers were required to migrate to the AP model. This made regulatory control more streamlined and reduced duplication in supervision. Functions of Sub-Brokers in the Financial Market Sub-brokers perform several crucial functions that contribute to the health and expansion of India’s capital markets. 1. Client Acquisition and Onboarding One of the most vital roles of sub-brokers is identifying potential investors, guiding them through account opening procedures, and ensuring compliance with KYC requirements. They help new investors, especially in smaller cities, understand trading basics and invest safely. 2. Trade Execution Support Sub-brokers assist clients in executing trades through the broker’s platform. They explain market orders, stop-loss mechanisms, and portfolio diversification strategies, ensuring investors make informed decisions. 3. Investor Education For many first-time investors, the sub-broker acts as a teacher. They provide insights into how the stock market works, how to interpret trends, and how to avoid common pitfalls. Their role as educators has been crucial in spreading market literacy across semi-urban and rural regions. 4. Advisory and Relationship Management Sub-brokers often offer personalized guidance on stock selection, mutual funds, derivatives, or IPOs based on client risk profiles. They maintain long-term relationships by providing continuous portfolio updates and market insights. 5. Expanding Market Reach Sub-brokers are instrumental in expanding the capital market’s reach. Many investors in Tier II and Tier III cities access stock markets for the first time through local sub-brokers, bridging the urban-rural investment gap. 6. After-Sales and Customer Service Beyond trade execution, sub-brokers handle client grievances, documentation, and other service issues. Their local presence ensures clients receive quick and reliable support. Revenue Model of Sub-Brokers Sub-brokers primarily earn through commission-sharing with the broker. The typical structure involves: Brokerage Sharing: A certain percentage (ranging from 40% to 80%) of the brokerage charged to clients is shared with the sub-broker. Incentives: Brokers may offer incentives for achieving higher trading volumes or for onboarding a specific number of clients. Advisory Fees: In some cases, sub-brokers may charge clients directly for financial advisory or portfolio management services (if authorized). This model allows sub-brokers to scale their income with client activity while maintaining flexibility in operations. Technological Transformation and Its Impact The digital revolution in India’s financial services has redefined the role of sub-brokers. 1. Rise of Discount Brokers Discount brokers such as Zerodha, Groww, and Upstox have simplified trading through mobile apps and zero-commission models. This reduced dependence on human intermediaries, impacting the traditional sub-broker structure. 2. Digital Client Onboarding Online KYC, e-signatures, and instant account openings have made it easier for clients to join directly through digital platforms. Sub-brokers now use digital tools for faster onboarding and data management. 3. Hybrid Model Emergence While online platforms dominate in metros, sub-brokers have adopted a hybrid model—using technology to execute trades but maintaining personal relationships to guide clients, especially those uncomfortable with technology. 4. Data-Driven Advisory Modern sub-brokers use analytical tools, AI-based platforms, and CRM systems to provide smarter investment advice, track client portfolios, and generate better returns. Challenges Faced by Sub-Brokers Despite their importance, sub-brokers face several challenges in the evolving market environment. 1. Regulatory Changes The shift from sub-broker to Authorised Person created confusion initially, requiring re-registration and adjustment to new norms. 2. Reduced Commissions With the advent of discount brokers offering low-cost trading, sub-brokers have faced declining commission margins, affecting their income potential. 3. Technological Competition Automated trading platforms and robo-advisors are reducing the need for manual guidance, especially among tech-savvy investors. 4. Compliance Burden Strict KYC, reporting, and data privacy requirements demand administrative and technological investments that small sub-brokers may struggle to afford. 5. Market Volatility Income of sub-brokers is linked to trading volumes. During market downturns, when investor participation drops, their revenue can fall sharply. Regulatory Oversight by SEBI SEBI has established a robust framework to ensure that sub-brokers or authorised persons operate transparently. Key Regulations Include: Mandatory association with SEBI-registered brokers. Clear disclosure of revenue-sharing arrangements. Strict prohibition against unauthorized trading or mis-selling. Maintenance of investor grievance redressal mechanisms. Continuous compliance audits and reporting. These measures safeguard investor interests and maintain trust in the capital market. Role in Financial Inclusion Sub-brokers are essential in extending financial inclusion by: Introducing stock market participation in smaller towns. Encouraging investments in mutual funds and IPOs. Helping individuals understand long-term wealth creation through equities. Assisting in systematic investment planning (SIPs) and retirement planning. Their local presence and personalized service have helped thousands of first-time investors navigate the complexities of financial markets. The Future of Sub-Brokers in India The future of sub-brokers lies in adaptation and evolution. 1. Shift to Advisory and Wealth Management Instead of relying solely on trade commissions, many sub-brokers are transitioning to financial advisory, mutual fund distribution, and insurance services to diversify income. 2. Partnership with Digital Platforms Collaborations with online brokers and fintech firms allow sub-brokers to leverage technology while maintaining a local relationship-driven model. 3. Focus on Tier II and Tier III Cities As India’s smaller cities witness growing disposable income, sub-brokers will play a key role in onboarding new investors and expanding the financial ecosystem. 4. Upskilling and Certification Continuous training in financial products, regulatory compliance, and technology will help sub-brokers remain competitive in the evolving landscape. Conclusion Sub-brokers have been a cornerstone of India’s financial market journey — from paper-based trading floors to digital stock exchanges. Their role as connectors, educators, and facilitators has expanded access to the market, empowered retail investors, and strengthened the foundation of financial inclusion. Even though the structure has evolved into the Authorised Person model, the essence of their contribution remains unchanged. As India moves toward deeper capital market participation and digital finance, sub-brokers who embrace technology, transparency, and advisory-based services will continue to play an irreplaceable role in shaping the next phase of India’s financial growth.
BITSTAMP:BTCUSDEducation
by TechnicalExpress
2
Arbitrage as the Invisible Hand of Market BalanceUnderstanding the Concept of Arbitrage and Why Cross-Market Opportunities Exist. Introduction: The Timeless Appeal of Arbitrage In the world of finance and trading, arbitrage is one of the oldest and most reliable concepts for making profits with minimal risk. The idea is simple yet powerful — taking advantage of price discrepancies for the same asset across different markets or instruments. Arbitrageurs act as the balancing agents of the financial ecosystem. By exploiting small differences in prices, they help maintain market efficiency and price stability. While it might sound straightforward — buy low here, sell high there — in practice, arbitrage is an intricate process driven by technology, timing, and global financial linkages. Cross-market arbitrage, in particular, shows how interconnected today’s world is, where an event in New York or London can instantly impact prices in Mumbai or Singapore. Let’s delve deeper into what arbitrage means, its types, and why cross-market opportunities continue to exist despite the rise of advanced trading systems and AI-driven algorithms. 1. What is Arbitrage? Arbitrage is the practice of simultaneously buying and selling an asset in different markets to profit from the difference in price. The key here is simultaneity — both transactions occur at the same time to lock in a risk-free profit. In essence, arbitrage ensures that the law of one price holds true: an identical asset should have the same price across all markets. When this is not the case, arbitrageurs step in, quickly exploiting the gap until prices converge again. Example: Suppose shares of Company X trade at ₹1,000 on the National Stock Exchange (NSE) and ₹1,005 on the Bombay Stock Exchange (BSE). A trader can buy on NSE and sell on BSE simultaneously, earning ₹5 per share in profit before transaction costs. While this seems small, when executed at scale with automation, such trades can generate significant returns. 2. The Core Principle: The Law of One Price At the heart of arbitrage lies the law of one price, which states that in an efficient market, identical assets should trade for the same price when exchange rates, transaction costs, and other frictions are considered. If gold is priced at ₹6,000 per gram in India and $70 per gram in the U.S., and the exchange rate is ₹85 per dollar, then ₹6,000/₹85 = $70.5 per gram — nearly identical. Any meaningful difference would invite traders to move gold (physically or virtually) from one market to another until prices align. However, real-world markets aren’t always perfectly efficient, which gives rise to temporary price imbalances — and hence, arbitrage opportunities. 3. Types of Arbitrage in Financial Markets Arbitrage comes in several forms, each suited to different asset classes and market structures. Below are the most common: a) Spatial (Geographical) Arbitrage This is the classic form of arbitrage where an asset is bought in one location and sold in another. Common examples include commodities, currencies, or stocks listed on multiple exchanges. b) Temporal Arbitrage This occurs when traders exploit price differences across time periods. For instance, buying a stock today and selling a futures contract for delivery next month when the future price is higher. c) Statistical Arbitrage Here, traders use quantitative models to identify mispriced securities based on historical relationships. It’s not purely risk-free but relies on probability and mean reversion. d) Triangular Arbitrage (Currency Markets) In the forex market, triangular arbitrage involves exploiting discrepancies among three currency pairs. For instance, if EUR/USD, USD/GBP, and EUR/GBP don’t align mathematically, a trader can profit by cycling through the three conversions. e) Merger or Risk Arbitrage This form occurs during corporate events such as mergers or acquisitions. Traders speculate on price movements between the target company’s current price and the offer price. f) Cross-Market Arbitrage This involves exploiting price differences for the same or related assets across different markets or asset classes — such as spot and futures, or equity and derivatives markets. Cross-market arbitrage is increasingly important in today’s globalized, interconnected trading landscape. 4. Understanding Cross-Market Arbitrage Cross-market arbitrage happens when traders take advantage of price differences for the same security, index, or commodity across multiple exchanges or platforms — often across borders. For example, if Reliance Industries trades at ₹2,500 on the NSE but ₹2,507 on the Singapore Exchange (SGX) as a derivative instrument, an arbitrageur could buy the cheaper one and sell the higher-priced version, profiting from the spread until prices converge. This form of arbitrage often occurs between: Spot and futures markets (cash-and-carry arbitrage) Domestic and international exchanges Equity and derivative markets Cryptocurrency exchanges across countries The profit margins may be narrow, but in high-volume or algorithmic environments, these trades can yield consistent gains. 5. Why Do Cross-Market Opportunities Exist? If markets are efficient, one might wonder — why do such price differences exist at all? Theoretically, arbitrage should eliminate inefficiencies quickly. However, several real-world frictions allow opportunities to emerge and persist, at least temporarily. Let’s explore the main reasons: a) Market Segmentation Not all investors have access to all markets. Regulatory barriers, currency restrictions, or exchange-specific membership requirements can create segmented markets, allowing the same asset to trade at different prices. For instance, Chinese A-shares often trade at higher valuations on mainland exchanges compared to Hong Kong-listed H-shares of the same company due to limited investor access in mainland markets. b) Currency Exchange Rates When assets are priced in different currencies, exchange rate movements can create temporary mispricing. Even slight discrepancies in forex rates can lead to arbitrage between markets. c) Liquidity Differences Some markets are more liquid than others. Lower liquidity can lead to price delays or inefficiencies, allowing faster traders to exploit differences between high-liquidity and low-liquidity venues. d) Information Asymmetry Not all markets react to information simultaneously. If news reaches one market faster, prices there adjust sooner, creating short-lived arbitrage opportunities elsewhere. e) Transaction Delays and Infrastructure Gaps Even in an era of high-frequency trading, minor lags in data transmission or order execution can result in tiny but exploitable differences between exchanges. f) Demand and Supply Imbalances Cross-market demand differences — due to institutional orders, fund flows, or hedging needs — can push prices temporarily away from equilibrium, creating room for arbitrage. g) Regulatory and Tax Factors Different tax structures, capital controls, or transaction charges across countries can cause effective price differences for the same asset. 6. How Arbitrage Helps Maintain Market Efficiency Arbitrage isn’t just about making profits — it plays a crucial stabilizing role in the global financial system. Whenever arbitrageurs exploit price gaps, their actions force prices back toward equilibrium. For example, buying in the cheaper market increases demand (raising the price) while selling in the expensive market increases supply (lowering the price). This self-correcting mechanism ensures that prices remain aligned across regions and instruments. In this sense, arbitrage acts as a natural regulator of market inefficiencies, contributing to: Price uniformity Efficient capital allocation Market liquidity Reduced volatility 7. The Role of Technology in Arbitrage In earlier decades, arbitrage required manual observation, phone calls, and physical trade execution. Today, it’s dominated by algorithms and high-frequency trading (HFT). Modern arbitrageurs use advanced systems to: Track price discrepancies in microseconds Execute simultaneous trades across exchanges Manage massive volumes with minimal latency Technological advancements such as co-location (placing servers near exchange data centers), API connectivity, and AI-driven analytics have transformed arbitrage from human-driven intuition to machine-executed precision. However, this also means that arbitrage opportunities now close much faster — often within milliseconds — requiring traders to invest heavily in technology. 8. Risks and Challenges in Arbitrage While arbitrage is considered “risk-free” in theory, in reality, several factors can turn it risky: Execution Risk: Prices may change before both sides of the trade are completed. Latency Risk: Delays in order processing can erase profits. Transaction Costs: Fees, taxes, and slippage can turn a profitable trade into a loss. Regulatory Restrictions: Some countries restrict cross-border or high-frequency trading. Currency Risk: Exchange rate fluctuations can alter effective profits. Thus, while arbitrage is low-risk compared to speculative trading, it demands precision, capital, and infrastructure to succeed consistently. 9. Real-World Examples of Cross-Market Arbitrage a) NSE–BSE Price Differentials Large-cap Indian stocks often trade simultaneously on both exchanges. Automated systems constantly scan for minute price differences to execute cross-exchange arbitrage. b) SGX–Nifty Futures Arbitrage For years, the SGX Nifty index futures in Singapore traded slightly differently than Indian NSE Nifty futures. Arbitrageurs would buy in one market and sell in the other, balancing the two indices. c) Cryptocurrency Exchanges Crypto markets, being decentralized and fragmented, often exhibit significant cross-exchange price differences. For instance, Bitcoin might trade at a premium in South Korea compared to the U.S. — known as the “Kimchi Premium.” 10. The Future of Arbitrage in a Globalized Market As technology continues to advance and global connectivity deepens, traditional arbitrage margins are shrinking. However, new forms of arbitrage are emerging, especially with the rise of: Digital assets and tokenized securities Decentralized finance (DeFi) platforms Algorithmic and machine-learning-based trading strategies Cross-market inefficiencies will likely persist in newer, evolving markets where regulatory fragmentation, liquidity gaps, and data asymmetry continue to exist. In other words, while arbitrage profits might be slimmer, the scope of opportunities is expanding — not disappearing. Conclusion Arbitrage is more than just a trading strategy — it’s a mechanism that keeps the global financial system efficient and interconnected. By seizing fleeting opportunities born from imperfections, arbitrageurs ensure that prices reflect true value across geographies and instruments. Cross-market opportunities exist because no market is perfectly efficient. Differences in time zones, liquidity, regulation, and information flow continuously create temporary imbalances. For traders equipped with speed, strategy, and precision, these moments translate into consistent profits — and for the broader system, into greater market harmony and stability. In a world that trades 24/7 across borders, arbitrage will always find a way — adapting to new technologies, instruments, and markets — remaining one of the purest expressions of financial logic and opportunity.
CAPITALCOM:GOLDEducation
by TechnicalExpress
3
POLYCAB INDIAThe stock has been in a strong uptrend since mid-2024, forming higher highs and higher lows consistently. A well-defined ascending trendline supports the move. Price had a fakeout below the trendline earlier (March 2025) but quickly recovered, confirming strong demand. The supply zone around ₹7,700–₹7,800 has acted as a major resistance level multiple times. Now, the price has broken out above this supply zone with strong momentum — confirming a bullish breakout. 🔍 Technical Structure Key Zone Level Remarks Support Zone (Previous Supply) ₹7,650–₹7,750 Breakout zone – likely to act as support on retest Trendline Support Rising trendline near ₹7,400 Long-term support zone Immediate Resistance ₹8,000 Round number, short-term barrier Next Major Resistance / Target ₹8,400–₹8,500 Previous swing projection / measured move ⚙️ Trade Plan ✅ Entry Aggressive Entry: At current price (~₹7,840–7,860) — as price has broken out above supply with good volume. Conservative Entry: On retest of the breakout zone ₹7,700–7,750, if price holds and shows bullish candle confirmation. 🛡️ Stop-Loss (SL) Keep SL below ₹7,500, just under the trendline and breakout zone. → This protects against false breakouts. 🎯 Targets Target 1: ₹8,000–8,050 (immediate breakout confirmation zone) Target 2: ₹8,400–8,500 (measured move from previous range) ⚖️ Risk–Reward Example If entered at ₹7,750: SL: ₹7,500 (Risk = ₹250) T1: ₹8,050 (Reward = ₹300 → R:R = 1.2:1) T2: ₹8,500 (Reward = ₹750 → R:R = 3:1) 📈 Technical Bias ✅ Uptrend intact ✅ Breakout above strong resistance ✅ High volume confirmation ✅ Strong price structure above trendline Bias: Strongly Bullish (Momentum + Breakout Confirmation)
NSE:POLYCABLong
by ChartistHub
Nifty Intraday Analysis for 30th October 2025NSE:NIFTY Market volatility is expected after the US FOMC meeting scheduled tonight, particularly in response to any rate cuts and the Federal Reserve's commentary. Index has resistance near 26225 – 26275 range and if index crosses and sustains above this level then may reach near 26450 – 26500 range. Nifty has immediate support near 25900 – 25850 range and if this support is broken then index may tank near 25700 – 25650 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 30th October 2025NSE:BANKNIFTY Market volatility is expected after the US FOMC meeting scheduled tonight, particularly in response to any rate cuts and the Federal Reserve's commentary. Index has resistance near 58800 – 58900 range and if index crosses and sustains above this level then may reach near 59300 – 59400 range. Banknifty has immediate support near 58000 - 57900 range and if this support is broken then index may tank near 57500 - 57400 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 30th October 2025NSE:CNXFINANCE Market volatility is expected after the US FOMC meeting scheduled tonight, particularly in response to any rate cuts and the Federal Reserve's commentary. Index has resistance near 27775 - 27825 range and if index crosses and sustains above this level then may reach near 28000 - 28050 range. Finnifty has immediate support near 27375 – 27325 range and if this support is broken then index may tank near 27150 – 27100 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 30th October 2025NSE:NIFTY_MID_SELECT Market volatility is expected after the US FOMC meeting scheduled tonight, particularly in response to any rate cuts and the Federal Reserve's commentary. Index has immediate resistance near 13575 – 135600 range and if index crosses and sustains above this level then may reach 13725 – 13750 range. Midnifty has immediate support near 13325 – 13300 range and if this support is broken then index may tank near 13175– 13150 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
PCR Trading Strategies How Option Trading Works Let’s take an example. Suppose you believe Infosys stock will go up from ₹1,500 to ₹1,600 soon. You buy a call option with a strike price of ₹1,500 for a premium of ₹20. If the stock rises to ₹1,600, your option’s value also rises. You can sell it for a profit. If the stock stays below ₹1,500, the option expires worthless, and you lose only the ₹20 premium. Risks and Rewards Option trading can be highly rewarding but also risky. The risk for buyers is limited to the premium paid, but sellers (writers) of options can face unlimited losses if the market moves against them. Hence, it’s important to understand how options work before investing.
FX:XAUUSDEducation
by SkyTradingZone
2
Part 1 Master Candle Stick PatternOption trading is a popular part of the financial market that allows investors to buy or sell the right—but not the obligation—to trade a stock or asset at a specific price within a certain time period. It’s a flexible and powerful tool used by traders to make profits, hedge risks, or plan future investments. What is an Option? An option is a contract between two parties — the buyer and the seller. It gives the buyer the right to buy or sell an asset (like a stock) at a fixed price, known as the strike price, before a set date called the expiry date. There are two main types of options: Call Option – Gives the holder the right to buy an asset at the strike price. Put Option – Gives the holder the right to sell an asset at the strike price.
Education
by SkyTradingZone
2
Part 12 Tradig Master ClassUses of Options Hedging: Investors use options to protect their portfolios against adverse price movements. For instance, a trader holding stocks can buy puts to guard against potential declines. Speculation: Traders use options to profit from expected price movements with limited initial capital. Income Generation: Writing (selling) options, especially covered calls, allows investors to earn premium income. Advantages of Option Trading Leverage: Options allow control over large positions with smaller capital. Flexibility: They can be used in various strategies like spreads, straddles, and strangles. Risk Management: Losses are limited to the premium paid for option buyers.
NSE:NIFTYEducation
by SkyTradingZone
Part 10 Trade Like Institutions Types of Options There are two main types of options: Call Options and Put Options. A Call Option gives the holder the right to buy an asset at a predetermined price, known as the strike price, within a specific time frame. Investors buy calls when they expect the asset’s price to rise. A Put Option gives the holder the right to sell an asset at the strike price before expiration. Traders buy puts when they anticipate a price decline.
FXOPEN:XAUUSDEducation
by SkyTradingZone
ADANIPORTS 1 Day Time Frame 🧮 Current Reference Latest price: ₹1,429.00 approx. Day’s range (recently): ~ ₹1,422.30 – ₹1,463.50 52-week range: ~ ₹995.65 (low) – ₹1,494.00 (high) 📊 Key Daily Support & Resistance Zones Based on recent technical commentary, here are approximate levels to watch: Support levels: Around ₹1,407 – ₹1,396 (short-term support zone) Deeper support near ₹1,382 as a more conservative anchor. Resistance levels: Around ₹1,432 – ₹1,446 as immediate resistance, and ₹1,457 next. If a breakout happens, watch around the recent high near ₹1,490-₹1,500 zone (from 52-week high) for major structural resistance.
NSE:ADANIPORTSLong
by Knowledgehub
WIPRO 1 Week View📊 Current Price & Context The last closing price is around ₹242.98. The stock has a 52-week range of ~ ₹228.00 (low) to ~ ₹324.60 (high). Weekly pivot/structure is showing neutral-to-bearish trend unless a strong breakout occurs. 🔍 Weekly Frame Key Levels Based on multiple technical sources: Pivot zone (~ decision area): ~ ₹240-243 (weekly pivot level) Upside resistance levels: R1: ~ ₹243.80 Further resistance likely near ₹247-₹252 zone (derived by projection) Downside support levels: S1: ~ ₹238.08 S2/S3: ~ ₹234.82, ~ ₹230.37
NSE:WIPROLong
by TechnicalExpress
INDUSTOWER 1 Day View🎯 Key Levels for the Day Based on recent technical data: Support zone: ~ ₹ 338-346 range (some sources show support near ₹ 339/₹ 334). Immediate resistance: ~ ₹ 382-395 zone. For example, one chart flags ~ ₹ 394.50-395 as breakout resistance. A more conservative support/resistance grid shows: Support ~ ₹ 346.90, ~ ₹ 339.40, ~ ₹ 334.80 Resistance ~ ₹ 395.20, ~ ₹ 401.90, ~ ₹ 408.10 🔍 My Interpretation Since current is ~ ₹ 361-362: If the price drops below ~ ₹ 338-340, that may signal weakness. If it rises and closes above ~ ₹ 390-395 with momentum/volume, then upside potential opens. Between ~ ₹ 340 and ~ ₹ 390 is the current “zone of interest” — price may oscillate here unless breakout happens.
NSE:INDUSTOWERLong
by TechnicalExpress
2