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NIFTY

Nifty Intraday Support & Resistance Levels for 30.01.2025On Wednesday, Nifty opened with a gap-up, showing strong buying momentum. It made a low of 22,976.50, attempted a rally to 23,125.85, but faced resistance at the 5m Supply Zone (23,118.05 - 23,137.95), leading to a pullback near 22,984. However, buyers stepped in again, pushing Nifty to a high of 23,183.35 before closing at 23,163.10, gaining 205 points over the previous close. The Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remains Negative, indicating caution despite the recovery. Demand/Support Zones Near Demand/Support Zone (30m): 22,786.90 - 22,843.30 Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Far Support Level: 21,281.45 (Low from 4th June 2024) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30 Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25 Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976.00 - 24,196.45 Outlook Nifty’s price action suggests strong resistance around 23,180 - 23,330, where supply zones could limit further upside. On the downside, support near 22,900 will be key for bulls. With the Budget 2025 nearing, markets could witness increased volatility in the upcoming sessions.
NSE:NIFTY
by PriteshPalan
Bulls Make a major counter attack to Pull Nifty upwards. Today the Bulls fought back very well and against all odds were able to close Nifty much above Mother line of hourly chart. Nifty closed at 23163 and the Mother line support now is at 23108. If Bulls are able to keep Nifty aflot above this level and drive it higher they will have potential to make a come back into the game which was dominated one-sidedly by Bears since a long time. Not only Nifty we saw Mid and Small cap index also fight back today. The negative observation is that there is a trendline resistance just near today's high as you can see in the chart at 23183. So closing much above that level tomorrow will be really helpful. The supports for Nifty now remain at: 23108 (Mother Line Major support), 23032, 22919, 22776 (Major trend line support), 22465 and 22100 will be the channel Bottom support. The Resistances for Nifty now will be at: 23183 (Major Trend line resistance), 23354, 23465 (Major Father line Resistance of 200 hours EMA), 23542, 23726, 23892 (Major Channel top resistance). If channel top resistance is broken in the current rally Bulls will be back in the game and can drag the index further upwards towards 24060 and 24226. Above 24226 monthly closing there is Nifty landing again in Pure Bull territory. Good come back by bulls. Shadow of the candle now is neutral but it can become positive if we get a closing above 23183 tomorrow. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 29.01.2025On Tuesday, Nifty opened with a gap-up, reflecting initial bullish sentiment. It made a low of 22,857.65 and rallied to a high of 23,137.95, breaking above the 15m Supply Zone. However, the momentum was short-lived as it retraced to close at 22,957.25, gaining 128 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain Negative. Demand/Support Zones Near Demand/Support Zone (30m): 22,786.90 - 22,843.30 Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Far Support Level: 21,281.45 (low from 4th June 2024) Supply/Resistance Zones Near Supply/Resistance Zone (5m): 23,118.05 - 23,137.95 Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30 Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25 Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,782.15 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook Nifty's failure to sustain above the 15m Supply Zone near 23,137.95 indicates ongoing selling pressure. The 22,800 - 23,000 range remains crucial as a support zone, while resistance near 23,300 - 23,500 could cap further upside. With both trends still Negative, coupled with looming market volatility ahead of Budget 2025, caution is key.
NSE:NIFTY
by PriteshPalan
Nifty tried unsuccessfully to close above Mid-channel resistanceNifty today tried unsuccessfully to close above mid-channel resistance but failed. After making a high of 23137 it again closed below 23K at 22957 not able to hold on to 23K+ levels. There was positive movement in Banks, Finance, Auto and Services. The laggards were Pharma, Mid-cap, Small cap, Public sector, IT, Metal and FMCG. Low of the day was 22857 if this level hold tomorrow and if Nifty can Push itself above 23137 we can see movement further northwards to 23357 or even 23542. Real momentum will build if we get a closing above Father line at 23632 and Mother line above 23727. Till that time we can see wild swings on either sides. Supports for Nifty remain at 22848 and 22763. Below 22763 we may see Nifty stumbling towards 22465, 22175 or even 21886 levels. It is still hanging by the thread. Shadow of the candle right now is positive to neutral. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 28.01.2025On Monday, Nifty opened with a gap down and faced significant selling pressure. It briefly touched a high of 23,007.45 before falling sharply to the day’s low of 22,786.90, entering the Daily Demand Zone. The index closed at 22,829.15, marking a steep loss of 263 points from the previous close. The Weekly Trend (50 SMA) has now turned negative, aligning with the already negative Daily Trend (50 SMA). Demand/Support Zones Near Demand/Support Zone (Daily): 21,791.95 - 22,910.15 Far Support Zone: 21,281.45 (low from 4th June 2024) Supply/Resistance Zones Near Supply/Resistance Zone (15m): 23,050 - 23,105.15 Near Supply/Resistance Zone (15m): 23,288.75 - 23,331.30 Near Supply/Resistance Zone (5m): 23,349.20 - 23,421.25 Far Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 Far Supply/Resistance Zone (75m): 23,645.05 - 23,726.85 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Outlook For the first time since reaching its all-time high of 26,277.35 (on 27.09.2024), Nifty has broken and closed below the psychological 23,000 level. With the Weekly Trend turning negative and INDIAVIX surging by 8%, significant volatility is anticipated in the upcoming sessions. The Union Budget 2025 could further amplify market fluctuations.
NSE:NIFTY
by PriteshPalan
Nifty spirals down yet again in full flow. Where is the bottom?As Nifty Spirals down in a full flow investors have following questions in mind: Q1 Where is the bottom? Q2 How much more pain left in the system? Q3 When will the recovery start? Answer to all the questions is interlinked. Answer 1) Predicting exact top and exact bottom is very difficult but with MMI at 23.71 it is clear that extreme fear has gripped investors. Those who invest during extreme fear zone make profit in a long run that is very clear cut long term scenario. FII have withdrawn enmasse in search of greener pastures. HNI investors and retail investors are worried that FII is going away. Also they feel the fear of increased taxation while budget 2025 is about to arrive supports for Nifty which can act as bottom are at 22740 (near lower bandwidth of bollinger band), 22465, 22175 and 21886 (Channel bottom support). Any of these levels as of now can act as support for Nifty. Answer 2) As the levels suggest short covering can happen anytime alter this week as market looks oversold. Current RSI 28.66 is and RSI support is at 22. So we can expect a technical bounce upto 23K or 23.2K any time soon. Only if the Nifty closes 23550 we can see a momentum build up which can take Nifty further up towards 24K or 24.2K as of now. Answer 3) Short term recovery can start very soon probably later this week. Long term recovery and march towards 25K or 25K+ will take some time and might start in end of Q1 or mid Q2 2025. As per the charts.
NSE:NIFTY
by Happy_Candles_Investment
Indecisive candle Nifty looking for a Breakout on either side. Like last week this week to Nifty has remained indecisive could not go up with the momentum and could not break the critical support on the down side. Such things happen generally when Nifty is in search of bottom or it has formed the bottom. If Nifty has already formed the bottom and support at 22935 holds we can see an up side where the resistances will be at 23270, 23419 (Mother line on Weekly charts, very strong resistance), 23806 and 24203. If Nifty dives down searching for a bottom we have supports at 22935, 21886 (Channel bottom support) and finally 21232 major support which is also pretty close to the lows of June 2024 Election result day lows which was at 21281. things hanging by the thread and shadow of the candle is Neutral to negative. Hoping for a short covering / Technical bounce anytime next week. Everything depends on the budget now. If the budget is good we can see a comeback rally in Nifty if not we will see it forming a bottom in mid or end February 2025. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Speed Breakers on the Road to WealthInvesting in equity markets can often feel like navigating a road trip with speed bumps—periods of market correction or consolidation that test investors' patience. The journey of the Nifty 50 from 2011 to 2025 provides a clear narrative: 2011-2013: After a downturn, the Nifty 50 consolidated, hovering around 4,500. This period was marked by resilience in sectors like IT and Pharma, which contributed to market stability. 2014-2016: Global economic uncertainties led to another correction. However, recovery in sectors like Banking and Finance helped push the index upward once more. 2019-2020: This period was volatile, with a significant drop due to the global health crisis. Yet, sectors like Healthcare and Technology not only recovered but thrived, pushing the Nifty 50 towards recovery. 2024-2025: The current correction might seem sharp, but with the Nifty 50 having reached a peak of about 26,200 in 2024, it reflects the market's cyclical nature. Sectors like IT , Renewable Energy and Consumer Goods , Defence, Railway, Consumer Discretionary have been key in maintaining market buoyancy. From 4,500 in 2011 to 26,200 in 2024.... the Nifty 50 has shown significant growth, demonstrating wealth creation for long-term investors. Key Insights: Volatility as Opportunity: Corrections often precede growth phases, offering buying opportunities at lower valuations. Patience Pays Off: Long-term investment through market downturns has historically led to substantial returns. Equities for Wealth: Over time, equities have proven to be a superior asset class for wealth accumulation. Sectoral Influence: Each market phase has been influenced by different sectors, showcasing the dynamic nature of market recovery and growth. The current market situation is a reminder that these 'speed bumps' are integral to the journey towards wealth creation, not roadblocks.
NSE:NIFTY
by pratik2358
Good closing by Nifty signaling chances of revival. We got a closing by Nifty today above 23200 levels at 23205 which has confirmed the chances of Revival. Two minor and 2 major hurdles remain in front of it right now before we can confirm that bear run is over. The minor resistance in front of Nifty now are 23270 and 23424. These are not strong resistances however any resistance can not be taken lightly when FII sell is selling like there is no tomorrow. after we get a closing above 23424 there will be father and Mother line resistances at 23652 and 23825. These 2 will be major resistances. Post we get a closing above 23825, 24000 and 24203 will me major hurdles. Only a closing above 24203 will bring bulls out of ICU. So we have a long way to go before complete revival. Today we have gained an important additional support near 23090. Supports on the lower side for Nifty will be at 22935 (This is a strong trend line support.) Below 22935 the supports is at 22425. Tomorrow will be an important day. If we get a positive closing tomorrow the momentum can be carried forward into the next week. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Good closing today by Nifty but Bull market not yet in sight. Good recovery by Nifty today closing above the mid channel line but there is long way to go before Bulls are back in business. We do not know if today's bounce was a dead cat Technical bounce after the rout yesterday. The resistances that Nifty now faces are at 23176, 23424, 23657 (Father line resistance), 23850 (Mother line resistance), 24518 and finally channel top resistance near 24799. Above 24800 closing bulls can come back in business and take Nifty North wards to 25299+ levels. Supports for Nifty remain at 22935, 22465, 21866 and finally 21232. Below 22935 is a pure Bear territory. We are terribly close to the bear territory. Shadow of the candle is neutral. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Trapped in Downward Parallel Channel. Fear grips D-street.Nifty post today's closing just above 23K has officially closed below Mid Channel within the downward channel. This is not a great news for bulls. The only silver lining in the cloud is that the closing is above 23K at 23024. Bollinger band is suggesting a support near it's lower band width that is 22936. Other supports for Nifty will be at 22785, 22465, 21886(Bottom of Parallel Channel) and 21232. Resistance on the upper side seem to be at 23355, 23542 (Mid-Bollinger band level), 23662 Father Line resistance of daily chart, 23878 Father line resistance of daily chart and finally 24148 (Channel top and Bollinger band top resistance). When channel top will be crossed and we get a closing above the same the next resistances will be at 24799 and 25134. Thus signs are looking ominous with RSI at 35.37. RSI support will be near 30 range. Nifty has once again entered Extreme Fear zone on Ticker tape index which shows it currently at 27.21. The zone below 30 is Extreme fear zone and long term investors tend to make much profit when they invest in these Extreme fear zone. The budget is around the corner. Donald Trump has taken oath and is taking decisions in a fast-forward T-20 mode. The momentum can shift any time. Global peace is also seeing green shoots with Israel and Palestine conflict ceasefire deal taking shape. We hope that Ukraine and Russia will also see a peaceful resolution. The hour before the dawn is the darkest. This looks like that zone for Global markets including India. Yes hardball tactics will be played by Trump and things will not come as easily as they were coming for India. We had once said that Trump will be good for the world as Biden was softer towards India on the outer surface. In the long run we will soon begin to see light at the end of the tunnel. Little more pain may be left for Indian indices. Result season so far has been a mixed bag that is adding fuel to the wild-fire set by bears. Budget/ Quad meeting later this year and world moving towards peace can set the ball rolling for Bulls sooner than later. Once again I emphasize that sensibel investments done in the extreme fear zone yield to the best results in the long run. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
BUY NIFTY 23250 CE 23RD JAN @ 200 - 195 | NIFTY LONG TRADENIFTY 23650 CE 9TH JAN EXP NIFTY OPTIONS BUYING TRADE TIME FRAME RECOMMENDED TO TRACK TRADE: 5 MINS Hi Traders, Nifty looks good to buy on dips and currently trading near support levels. We anticipate an upside movement from here and one can consider buying the 23250 CE (Call Option) with a 23rd January 2025 expiry in the price range of 200 - 195. Target levels: 240, 270, 320 Stop Loss (SL): ₹125 Regards, OptionsDaddy Research Team
NSE:NIFTYLong
by Options_Daddy
Good Closing by Nifty just above Mother Line. Nifty today did well to close just above Mother line of hourly chart. The closing we got was at 23344 and 50 EMA or the Mother line is at 23330. This bring the hope of recover towards 23.5K and further towards 24K+ levels in the medium to short duration. The resistances for Nifty right now remain at 23390, 23460, 23589 and 23703. Closing above 23703 will be very good for Bulls as they can drag the index in this scenario towards 23821, 24021 and 24231 levels. Supports for Nifty on the lower side remain at 23330 (Mother line support, 50 EMA), 23172 and 23046. Closing below 23046 can lead to Bears coming back to pull nifty further down. As of now shadow of the candle is positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Closing above Mother line & Pitchfork median line unsuccessful.Nifty tried hard to close above Mother line of 50 Weeks EMA and Pitchfork median line this week but was unsuccessful. Closing above 23433 is imperial for Nifty to gain a bullish momentum. Pitchfork is used to determine the long term trend of Nifty. In this particular chart the Pitchfork starts from 2021 and extends till 2026 end. The upper side has lot of potential as you can see the top is leading towards 32.5K+. Even the Median line is leading towards the target close to 29K. Supports for Nifty in the medium term because of the current bearish trend are at 22.8K, 21.8K, 21.2K, 20.2K and finally 200 Weeks EMA or the Father line at 19.5K.(This looks improbable as of now on chart as these levels are even below the pitchfork trend channel.) Usually the tops and bottoms of Pitchfork channel are not easy to break hence the worst case scenario as of now looks like 20.2K. Looking at the bigger picture IMF has declared a robust outlook for India for the next 3 years with GDP growing at an average of 6.63% for the next 3 years. (2025-6.5%, 2026-6.7% and 6.7%). However actual GDP growth can be much higher if the Government remains stable for a sustained period of time. The IMF estimates should be taken with a pinch of salt. Long term investors can utilise every fall to add some blue chips. Remain selective in Mid and Small cap space as the PE in some of the Mid and small cap companies are still at unsustainable levels even after this fall. For Bulls to be back in business we need a weekly closing above Pitchfork median and Mother line at 23433. Weekly Closing above 23433 would have potential to take us near 24.5K or even above 25.5K levels in the short to medium term. Closing below 22.8K can bring little more wait and pain for investors. Good effort by Nifty this week but closing was not good. We need a strong move next week for Bulls to be back to business. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment