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BankNifty Intraday Support & Resistance Levels for 04.03.2025Monday’s session saw BankNifty opening with a gap-up, hitting a high of 48,574.70, but it couldn’t hold and dropped to a low of 47,841.30. However, it recovered slightly and closed at 48,114.30, losing 230 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain negative. Demand/Support Zones Near Support: Around 47,850 (Triple Bottom on Daily Chart) Far Support: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 48,743.80 - 48,911.90 Near Supply/Resistance Zone (Daily): 48,981.20 - 49,455.80 Far Supply/Resistance Zone (75m): 49,665.95 - 49,829.40 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Outlook BankNifty has dropped 6,626 points (12%) in the last 5 months from its All-Time High of 54,467.35. Today’s low of 47,841.30 is very close to the previous lows on 13th Jan 2025 (47,898.35) and 27th Jan 2025 (47,844.15), forming a potential Triple Bottom around 47,850. The index closed above 48,000, which could indicate a short-term bounce if the support holds. However, multiple supply zones above suggest strong selling pressure at higher levels. Any upside move may face resistance, making a Sell-on-Rise strategy more favorable until a breakout is confirmed.
NSE:BANKNIFTY
by PriteshPalan
SPAIN35 Bullish Momentum in Play — Targeting 13,700FUSIONMARKETS:E35 is trading within a clearly defined ascending channel, with the price maintaining strong bullish momentum. This suggests the uptrend may continue, with the upper channel boundary serving as a potential target. A short-term pullback could present an entry opportunity if buyers show strength through bullish candlestick patterns like a bullish engulfing or hammer formation, potentially driving the price toward the 13,700 level. However, a break below the channel's lower boundary would invalidate the bullish outlook and may indicate a shift in market direction. Remember, always confirm your setups and trade with solid risk management. Best of luck!
FUSIONMARKETS:E35Long
by TrendDiva
1
STOXX50: Maintains Bullish Momentum - Is 5,688 the Next Target?ICMARKETS:STOXX50 remains within a well-defined ascending channel, with the price showing a rebound from the midline of the channel. This suggests a continuation of the uptrend, targeting the upper channel boundary. A short-term pullback could offer a potential entry opportunity. If buyers step in and confirm strength through candlestick patterns like bullish engulfing or hammer formations, momentum could drive price higher toward the 5,688 level. A breakdown below the channel's lower boundary, however, would invalidate the bullish outlook and signal a potential shift in market direction. Remember, always confirm your setups and trade with solid risk management. Best of luck!
ICMARKETS:STOXX50Long
by TrendDiva
1
DOLAR INDEX UPDATE: WEEK 11 OF 2025 FORECASTDOLAR INDEX UPDATE: WEEK 11 OF 2025 FORECAST Theme: Decoding the Dollar Index’s Next Moves in 2025 Based on the weekly chart cycle, the Dollar Index (DXY) is expected to hit the following levels in Week 11 of 2025: Upper Range: 107.6 - 108 Lower Range: 106 - 105 - 103.5 The lower range reflects the primary trend, signaling a bearish lean, while the upper range represents a short-term recovery wave. Keep an eye on these zones—2025’s twists could hinge on them!
TVC:DXYShort
by rainbow_sniper
Nifty Review & Analysis - DailyPrice Action : Nifty closed flat of much drama Technicals: Nifty opened gap up in line with global cues to find sellers at every high. Nifty made new low around 22000 and bounced back to close flat below all DEMAs The momentum indicator, RSI - Relative Strength Index closed below 30 suggesting oversold markets. Support/Resistance Major Support 21900 Immediate Support 22000 Immediate Resistance 22250 Major Resistance 22400, 22500 Trend: Overall Trend is Bearish, Sell on Rise Options Data: Highest CE OI was at 22500 with highest addition at 22400 - Resistance Highest PE OI was at 21900, highest Put writing seen at 22000, 21900 - No major support PCR is 0.7 which indicates Bearishness Futures Data: FII Long/Short ratio at 16%/84% FII Future positions saw little addition in longs +3K with no change in shorts Nifty Futures price was flat with small addition of OI Outlook for Next Session: Nifty is weak Sell on every rise Approch: Short at higher levels for target 21500 with SL 22600 My Trades & Positions: Holding Shorts in March monthly contract from 22850 levels (booked half at 22050 levels)
NSE:NIFTYShort
by Sandeep_CA
SPX a bounce or reversal?The S&P remains in a broader uptrend that began in late October 2023, but this week we saw a test to that structure. Price dipped below this key uptrend line but quickly reclaimed it, finding support on this line as well as the weekly’s 20 EMA. In Friday’s trading session, we saw a high-volume reversal, which could signal a potential bounce. The bigger question remains: is this just a retest before breaking lower, or the start of a true bullish reversal? Right now, I lean toward this being a bounce rather than a full reversal, meaning we could see another attempt to break down through the October trendline in the coming weeks. That said, trades to the upside may still be viable if the market follows through early next week. If price pops above the daily moving averages, I think we are likely see some choppy action as the market decides whether to resume the uptrend or roll over again. Key Levels to Watch: 6,010 Short-term resistance. Price must reclaim this level to continue higher. 5,954 Right on the long-term uptrend area. Holding above this level keeps the reversal in play, but failure increases breakdown risk. 5,840 Breakdown level. A break below this would signal a deeper pullback, likely toward the weekly’s 50 SMA. Potential Scenarios: 🔼 Bullish A hold above 5,954 and a move through 6,010 could lead to a push toward the recent highs. A strong reclaim of the daily moving averages would shift momentum higher. 🔻 Bearish A failure at 5954 or a rejection at the moving averages may confirm this as a retest before another leg down. A break below 5,773 would indicate weakness, and could lead to a deeper correction. ⚖️ Neutral If price moves above the MAs but lacks follow through, we could see chop between 5,840 - 6,010, signaling indecision. I'll be watching this week to see if this reversal holds or if it was just a retest before a breakdown. If selling pressure builds, we could see the first meaningful correction in months.
SP:SPX
by emanuelaelias
S&P Oversold bounce backThe S&P 500 (US500) index maintains a bullish bias within the broader long-term uptrend. However, recent price action suggests a period of consolidation following the retest of the all-time high on February 19, 2025. The market is currently at a critical juncture, with the 5918 level acting as a key support zone. Bullish Scenario: The 5918 level serves as a newly established support, aligning with the consolidation range and prior resistance. A corrective pullback towards this level, followed by a bullish bounce, could confirm continued upside momentum. Upside targets include: 6000 (50-day moving average) 6055 (20-day moving average) 6100 over the longer term Bearish Scenario: A confirmed loss of 5918 support with a daily close below this level would invalidate the bullish outlook. This could trigger a deeper retracement, exposing the following downside levels: 5854 (next key support) 5800, with a potential extension to 5777 if selling pressure accelerates Market Outlook: The 5918 level remains pivotal—holding above this support sustains the bullish bias, while a decisive break below it signals potential downside continuation. Traders should closely monitor price action and volume around this key level to assess the market’s next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:US500
by TradeNation
Bear Swing Ends, Bullish Setup Begins - Here's what's next...Bear Swing Ends, Bullish Setup Begins – Here’s What’s Next | SPX Market Analysis 03 Mar 2025 Last week’s bear swing trade wrapped up beautifully, moving from range highs to range lows, before Friday delivered the perfect reversal. Price tagged the lower Bollinger Band, turned with multiple bullish pulse bars, and gave us a classic V-shaped price action entry—the perfect signal to exit the last bear trades and start the bullish swing. Now, I’m targeting 6,000 and 6,140, with hedge/bear triggers set below the recent lows. Meanwhile, Trump just dropped a bombshell over the weekend, hinting at a U.S. crypto reserve backed by five tokens. Could this inject some extra spice into the markets this week? Let’s dive in. --- Deeper Dive Analysis: The bear swing from last week completed as expected, moving from the larger range highs to the range lows, where Friday delivered a clean reversal setup. 📌 The Trade Setup – The Bullish Turn is In Price tagged the lower Bollinger Band – a key reversal zone Multiple bullish pulse bars confirmed momentum shift A V-shaped price action entry signaled the start of the bullish swing Exited the last bear trades as the trend flipped 📌 Bullish Program & Market Structure Now targeting: Smaller range low from last week’s 30-min chart Major resistance at 6,000 and 6,140 Hedge/bear triggers set below recent lows to manage risk 📌 Market News – Trump’s Crypto Reserve Idea Over the weekend, Trump hinted at a U.S. crypto reserve backed by five tokens This could spark volatility as traders absorb the implications Will this push risk-on sentiment higher, or cause unexpected market shakeups? The bullish program is in full motion, and I’ll be watching how price reacts at key levels this week while keeping an eye on how the market digests the crypto reserve news. --- Fun Fact 📢 Did you know? In 2010, a Bitcoin developer bought two pizzas for 10,000 BTC, now worth over $500 million—marking the first recorded Bitcoin transaction for goods. 💡 The Lesson? Markets evolve fast, and what seems trivial today could be worth millions in the future. With Trump hinting at a U.S. crypto reserve, could we be at the start of another major shift in financial history?
SP:SPXLong
by MrPhilNewton
US500 Will Go Up! Buy! Take a look at our analysis for US500. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 5,973.19. Taking into consideration the structure & trend analysis, I believe that the market will reach 6,138.47 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:US500Long
by SignalProvider
1
Weekly Technical AnalysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. -------------------------------------------------------------------------------------------------------------- Analysis Germany 40 remains in a bullish, impulsive phase, with its price at 22,687, having remained above the 20-day VWAP of 22,429 throughout the last pullback. The RSI reading of 64 signals solid momentum but stays below overbought levels. Support is identified at 21,877, while resistance is at 22,982. UK 100 continues its bullish trend with an impulsive price move to a new record high, currently trading at 8,844, surpassing the 20-day VWAP of 8,729. Momentum remains bullish but stable with an RSI of 65. The nearest support sits at 8,591, while resistance at 8,867 is currently being tested. Wall Street's price action suggests a neutral stance, consolidating at 43,860, slightly below the 20-day VWAP of 43,900. The RSI of 48 confirms a lack of directional conviction. Support rests at 42,955, while resistance near 44,940 defines the upper boundary of the current range. Brent Crude remains in a neutral, consolidative phase overall, trading at 7,281, slightly under the 20-day VWAP of 7,445. An RSI of 40 suggests soft momentum, keeping the market in check. Key support is observed at 7,193, whereas a break above 7,696 could reignite bullish sentiment. Gold's bullish trend has shifted into a corrective phase, with its price at 2,862, now trading below the 20-day VWAP of 2,903. With RSI at 48, momentum has softened, suggesting a period of consolidation. Support is found at 2,843, while resistance at 2,964 presents the next upside barrier. EUR/USD remains in neutral consolidation, trading at 1.0402, just below its 20-day VWAP of 1.0432. The RSI of 47 highlights indecisiveness, keeping the pair within a tight range. Support lies at 1.0306, while resistance at 1.0557 must be cleared for a directional move. GBP/USD continues its bullish, impulsive ascent, currently positioned at 1.2602, just above the 20-day VWAP of 1.2571. The RSI at 54 signals stable momentum. Key support is located at 1.2388, while resistance at 1.2753 defines the next upside level. USD/JPY remains in a bearish, impulsive phase, trading at 150.21, below its 20-day VWAP of 151.08. The RSI at 41 suggests selling pressure remains dominant. Immediate support is placed at 148.10, with resistance at 154.05 acting as a potential reversal point.
SPREADEX:GDAXI
by Spreadex
US30 Long: Bullish Outlook with Higher Targets Ahead Long Position on US30 – Targeting 43,680 1. Uptrend Confirmation - US30 is forming higher highs and higher lows, confirming a strong bullish trend. - A breakout above recent resistance levels suggests continued upside momentum. 2. Moving Averages Support - The price is trading above the 50-day and 200-day moving averages, reinforcing bullish sentiment. - A potential golden cross (50 MA crossing above 200 MA) could further support upward movement. 3. Key Support and Resistance Levels - The index has bounced off a strong support zone, indicating buyers stepping in. - A confirmed breakout above resistance suggests an upward push toward the 43,680 target. 4. Momentum & RSI Confirmation - RSI remains above 50, showing bullish strength without being overbought. - A bullish divergence in RSI and price action supports further upside. 5. Volume & Market Participation - Increasing buying volume on rallies confirms strong bullish momentum. - Weak selling volume during pullbacks indicates a lack of downside pressure. 6. Fibonacci & Technical Targets - The 43,680 target aligns with Fibonacci extension levels, making it a realistic price objective. - If momentum continues, additional upside levels may be tested beyond this zone.
FX:US30Long
by FtradeFXArabic