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Support and Resistance

Sensex - Weekly review Apr 7 to Apr 11Price is falling for the past few days and 75200 is an important zone in deciding direction. Buy above 75400 with the stop loss of 75300 for the targets 74500, 75620, 75700, 75820, 75960, 76040, 76200 and 76320. If price opens gap down 75000 will act as resistance and price may fall from that zone. Resistance levels are 75400, 75200 and 75000. Understanding how price is reacting at these levels is important to trade better. Sell below 75200 with the stop loss of 75100, 74980, 74860, 74700, 74580, 74460, 74300, 74220, 74100 and 73960. Always do your own analysis before taking any trade.
BSE:SENSEX
by vanathi
4
Nifty Intraday Analysis for 04th April 2025NSE:NIFTY Index closed near 23250 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 47.34 Lakh 23300 Strike – 43.45 Lakh 23600 Strike – 38.68 Lakh Put Writing 23000 Strike – 65.14 Lakh 22800 Strike – 49.54 Lakh 23200 Strike – 40.45 Lakh Index has immediate support near 23150 – 23100 range and if this support is broken then index may tank near 23000 – 22950 range. If market recovers, Index has resistance near 23350 - 23400 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range.
NSE:NIFTY
by RKMAURYA
Nifty Intraday Analysis for 02nd April 2025NSE:NIFTY Index closed near 23165 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 137.27 Lakh 23600 Strike – 104.43 Lakh 23400 Strike – 79.85 Lakh Put Writing 23000 Strike – 75.81 Lakh 22800 Strike – 67.32 Lakh 23200 Strike – 53.07 Lakh High volatility expected due to ongoing tariff war w.e.f. 2nd April. Index has immediate support near 23000 – 22950 range and if this support is broken then index may tank near 22800 – 22750 range. If market recovers, Index has resistance near 23325 - 23375 range and if index crosses and sustains above this level then may reach near 23500 - 23550 range.
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by RKMAURYA
Banknifty Intraday Analysis for 04th April 2025NSE:BANKNIFTY Index closed near 51595 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 53000 Strike – 14.87 Lakh 52000 Strike – 11.59 Lakh 51500 Strike – 8.63 Lakh Put Writing 50000 Strike – 13.52 Lakh 51000 Strike – 11.58 Lakh 51500 Strike – 9.32 Lakh Index has immediate support near 51100 - 51000 range and if this support is broken then index may tank near 50700 - 50600 range. If market recovers, Index has resistance near 52000 – 52100 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 04th April 2025NSE:CNXFINANCE Index closed near 24725 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 25000 Strike – 1.43 Lakh 25500 Strike – 1.31 Lakh 24700 Strike – 0.30 Lakh Put Writing 24500 Strike – 0.52 Lakh 25000 Strike – 0.44 Lakh 24700 Strike – 0.42 Lakh Index has immediate support near 24550 – 24500 range and if this support is broken then index may tank near 24250 – 24200 range. If market recovers, Index has resistance near 24950 - 25000 range and if index crosses and sustains above this level then may reach near 25200 - 25250 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 04th April 2025NSE:NIFTY_MID_SELECT Index closed near 11515 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12000 Strike – 5.67 Lakh 11500 Strike – 4.22 Lakh 11600 Strike – 4.05 Lakh Put Writing 11500 Strike – 4.87 Lakh 11600 Strike – 3.04 Lakh 11400 Strike – 2.86 Lakh Index has immediate support near 11375 – 11325 range and if this support is broken then index may tank near 11250 – 11200 range. If market recovers, Index has immediate resistance near 11650 – 11700 range and if index crosses and sustains above this level then may reach 11850 – 11900 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
IRCTCStock Overview: Indian Rail Tour Corp Ltd (IRCTC), traded on the NSE, current price: ₹738.00. IRCTC is a public sector company providing ticketing, catering, and tourism services for the Indian Railways. Key Levels: Support: ₹372.00, ₹565.95 Upside Swing Zone: ₹727.55, ₹832.95 Possible Upside Levels: ₹1,270.45, ₹1,464.35, ₹1,711.35, ₹2,424.70 Technical Indicators: RSI (Relative Strength Index): Currently at 46.08, indicating neutral momentum as it is neither in overbought nor oversold territory. Volume: A significant spike was observed during the initial uptrend, followed by stabilization at lower levels, suggesting reduced trading activity. MA (Moving Average): The stock is trading near its 200-period SMA, which could act as a potential support level. Sector and Market Context: IRCTC operates in the travel and tourism sector, which has been recovering post-pandemic. The stock's performance is closely tied to the sector's recovery pace and broader market trends, which currently show mixed performance across sectors. Risk Considerations: Potential risks include changes in government policies, economic downturns, and disruptions in travel due to unforeseen events like pandemics. Market volatility and sector-specific challenges could also impact the stock's movement. Analysis Summary: IRCTC presents a mixed technical picture with identified key levels and neutral momentum. While the RSI and moving averages provide insights into trend direction, sector performance and potential risks should be carefully considered before making investment decisions.
NSE:IRCTCLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 03rd April 2025NSE:NIFTY Index closed near 23330 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 151.07 Lakh 23300 Strike – 118.54 Lakh 23600 Strike – 99.17 Lakh Put Writing 23000 Strike – 119.49 Lakh 23200 Strike – 119.12 Lakh 23300 Strike – 96.70 Lakh High volatility expected due to implementation of retaliatory tariff and late night / early morning Trump speech. Index has immediate support near 23175 – 23125 range and if this support is broken then index may tank near 23000 – 22950 range. If market recovers, Index has resistance near 23450 - 23500 range and if index crosses and sustains above this level then may reach near 23600 - 23650 range.
NSE:NIFTY
by RKMAURYA
Banknifty Intraday Analysis for 03rd April 2025NSE:BANKNIFTY Index closed near 51350 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 53000 Strike – 13.42 Lakh 52000 Strike – 10.82 Lakh 51500 Strike – 7.55 Lakh Put Writing 50000 Strike – 10.70 Lakh 51000 Strike – 9.79 Lakh 51500 Strike – 6.83 Lakh High volatility expected due to implementation of retaliatory tariff and late night / early morning Trump speech. Index has immediate support near 50700 - 50600 range and if this support is broken then index may tank near 49900 - 49800 range. If market recovers, Index has resistance near 51700 – 51800 range and if index crosses and sustains above this level then may reach near 52400 – 52500 range.
NSE:BANKNIFTY
by RKMAURYA
Finnifty Intraday Analysis for 03rd April 2025NSE:CNXFINANCE Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 25500 Strike – 1.18 Lakh 25000 Strike – 0.86 Lakh 25600 Strike – 0.36 Lakh Put Writing 24500 Strike – 0.47 Lakh 24700 Strike – 0.46 Lakh 25000 Strike – 0.42 Lakh High volatility expected due to implementation of retaliatory tariff and late night / early morning Trump speech. Index has immediate support near 24500 – 24450 range and if this support is broken then index may tank near 24200 – 24150 range. If market recovers, Index has resistance near 24950 - 25000 range and if index crosses and sustains above this level then may reach near 25200 - 25550 range.
NSE:CNXFINANCE
by RKMAURYA
Midnifty Intraday Analysis for 03rd April 2025NSE:NIFTY_MID_SELECT Index closed near 11605 level and Maximum Call and Put Writing near CMP as below in April Month contract: Call Writing 12000 Strike – 6.06 Lakh 11500 Strike – 4.33 Lakh 11600 Strike – 4.10 Lakh Put Writing 11500 Strike – 5.20 Lakh 11600 Strike – 3.36 Lakh 11400 Strike –3.10 Lakh High volatility expected due to implementation of retaliatory tariff and late night / early morning Trump speech. Index has immediate support near 11475 – 11425 range and if this support is broken then index may tank near 11250 – 11200 range. If market recovers, Index has immediate resistance near 11750 – 11800 range and if index crosses and sustains above this level then may reach 11950 – 12000 range.
NSE:NIFTY_MID_SELECT
by RKMAURYA
Gold mcx sell now at 90920-50 we will see profit booking How to take trades using Harmonic pattern projection Trade setup is explained below :- Entry : 1st SL point : 0% is recent top or bottom. Trailing D: 11.4% is work as trailing SL of buy or sell trade if hit then we have to book profit .If price goes below 2nd D 21.4% to 23.6% range then early traders can make fresh reversals trade after breaking 1st D 11.4% safe traders can reversal trade after breaking Point D 21.4% to 23.6% range Targets : Target T1 : 35.1% to 38.3% Target T3 : 49.1% to 53.2% T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again Target T4 : 76.4% to 79.7% Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%. How to take reversal trade : If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection pattern based . After showing reversal levels wait for confirmation until 21.4% or 28.3 % level not break if break then exit from current buy / sell trade and take fresh reverse trade buy/ sell . Trailing SL: After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside) Re- Entry : For Re-entry in any pull back Point D ( 11.4% ) is used for re-entry then SL recent high or low Point SL ( 0% ) . Blue Line is 1st support/ Resistance Green line is 2nd support/ resistance Red line is 3rd Support/ resistance
MCX:GOLD1!Short
by EquityCommodityMarketJaiPrakas
NIFTY 50 - ICT & SMC Analysis (April 3, 2025)1. Market Structure & Trend Overview 1D Chart (Higher Timeframe Bias) Bearish Market Structure: The market has been in a downtrend, breaking market structure (MSS) at key levels. The recent rally from March was a retracement into a premium zone. Key Resistance Areas: Order Block (OB) at ~23,600: Market is rejecting this supply zone. Previous Daily High (PDH) & Premium Liquidity Zone: Price recently swept liquidity above PDH and is rejecting. Key Support Areas: Fair Value Gap (FVG) at 22,800-22,900: This is the next area where price may drop to seek liquidity. PDL (Previous Daily Low): A liquidity pool where price may react. 📌 Prediction: If price stays below 23,600, the market may seek liquidity at 23,000 or even 22,800. If price reclaims 23,600, a move towards 24,000 is possible. 4H Chart (Mid-Timeframe Confirmation) Bearish Market Structure: Price is forming lower highs and recently had a Change of Character (ChoCH) to the downside. Key Levels to Watch: 23,600 OB & FVG: Market is rejecting this area. 23,200-23,250 (Liquidity Area): Price is building liquidity below. 22,900 (FVG & Key Support): If price breaks down, this will be a magnet. Strong Resistance at 23,600: If price gets here, it could be a sell opportunity. 📌 Prediction: A potential short trade if price retraces back to 23,500-23,600 (OB) with targets at 23,200 & 22,900. If 23,200 holds, a bounce to 23,500 is possible. 1H Chart (Execution Level) Price Action Observations: Liquidity Sweep at PDH: Market took out buy-side liquidity and is now retracing. FVG Below 23,200: This is a draw on liquidity. PWL (Previous Week’s Low) at 23,150-23,200: This could act as support before further downside. 📌 Trade Idea (Bearish Setup) Entry: Sell near 23,500-23,600 (OB & FVG Zone). Stop Loss: Above 23,650 (Above liquidity zone). Take Profit Targets: TP1: 23,200 (First liquidity pool). TP2: 22,900 (FVG fill & support area). 🔹 Alternative Bullish Scenario: If price does not break 23,200 and forms bullish structure, a long towards 23,600 can be considered.
NSE:NIFTY
by Official_LUSER