Nifty Intraday Support & Resistance Levels for 05.02.2025Tuesday’s session was strong for Nifty, as it opened with a 149-point gap-up, made a low of 23,423.15, and surged to a high of 23,762.75, entering deep into the Daily Supply Zone. It finally closed at 23,739.25, gaining 378 points over the previous close. The Weekly & Daily Trend (50 SMA) remain sideways.
Demand/Support Zones
Near Demand/Support Zone (75m): 23,327 - 23,381.60
Near Demand/Support Zone (15m): 23,141 - 23,205.70
Far Demand/Support Zone (30m): 22,786.90 - 22,843.30
Far Demand/Support Zone (Daily): 21,791.95 - 22,910.15 (Tested)
Far Support Level: 21,281.45 (Low of 4th June 2024)
Supply/Resistance Zones
Near Supply/Resistance Zone (Daily): 23,496.15 - 23,795.20 (Current price is deep inside the zone)
Near 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
After taking support at the Daily Demand Zone on 27th January, Nifty has already rallied 975 points (22,857 to 23,762). However, the Weekly & Daily Trend (50 SMA) remains sideways. To break the lower high - lower low structure, Nifty must sustain above 24,250 in the coming days.
NIFTY trade ideas
ANOTHER MAKE or BREAK area for NIFTY…?NIFTY has rallied over 1000++ points from our demand zone and has now reached another MAKE or BREAK level trendline which has been acting as a crucial zone hence we may see rejection around this trendline if opens flat but will eventually breakout for new highs so plan your trades accordingly.
NIFTY 50 KEY LEVELS FOR 05/02/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 mins timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Superb closing above Mother and Father Line Resistance. We had a very good closing today by Nifty at 23739 which is above Mother and Father line of resistance but there is a trendline resistance now at 23745 which Nifty was not able to cross today after briefly hovering above it as it made a high of 23762.
The next resistances in line for Nifty if it is able to cross 23745 swiftly will be at 23883 and 24108. Closing above 24108 can bring the Bulls back into the game and take us to the next resistances at 24281, 24596, 24898 and finally 25K+ levels.
Supports for Nifty are at 23663 (Mother Line support), 23619 (Father line support), 23421 and 23222. Below 23222 Nifty will become weak again and in such a scenario Nifty can fall to below 23K levels of 22976, 22797 or even 22316.
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. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational 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.
nifty50NSE:NIFTY
ONE SHOULD WAIT FOR FURTHER Breakout ON WEEKLY BASIS.
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Management and Risk Appetite.
Disclaimer :
>You are responsible for your profits and loss.
>The idea shared here is purely for Educational purpose.
>Follow back, for more ideas and their notifications on your email.
>Support and Like incase the idea works for you.
NIFTY - Trading levels and Plan for 05-Feb-2025🔹 NIFTY TRADING PLAN – 05-FEB-2025 🔹
📍 Previous Close: 23,707.70
📍 Key Levels to Watch:
🔸 Resistance Zone: 23,743 - 23,845
🔹 Opening Support Zone: 23,591 - 23,644
🟢 Last Intraday Support: 23,491
🟩 Buyers’ Strong Support: 23,345 - 23,388
🎯 Profit Booking Zone: 24,067 - 24,155
🔵 POSSIBLE OPENING SCENARIOS & TRADING STRATEGY 🔵
📈 Gap Up Opening (100+ Points Above 23,807) – Bullish to Cautious Approach
📌 If Nifty opens with a gap-up above 23,807+ , traders should wait for initial price action.
📌 A sustained move above 23,845 can trigger bullish momentum towards 24,067 - 24,155 (Profit Booking Zone).
📌 If Nifty struggles near 23,845 , expect sideways movement or a potential reversal to test 23,743 - 23,707 .
📌 Trade Setup:
✅ Buy on retracement if 23,743 acts as support after a pullback.
🚨 Avoid aggressive buying near resistance without confirmation.
↔️↔️↔️
📊 Flat Opening (Between 23,683 - 23,743) – Key Zone for Decision Making
📌 A flat opening within 23,683 - 23,743 keeps the market in a neutral-to-bullish zone.
📌 If Nifty holds above 23,707 , we can see a push towards 23,845 .
📌 Failure to hold 23,707 might bring weakness towards 23,644 - 23,591 (Opening Support) .
📌 Trade Setup:
✅ If Nifty stays above 23,707 for 15-30 minutes, a breakout trade towards 23,845 is possible.
🚨 If it breaks below 23,644, avoid longs and wait for a deeper support test.
↔️↔️↔️
📉 Gap Down Opening (100+ Points Below 23,607) – Caution Required
📌 A gap-down below 23,607 will bring pressure on support levels.
📌 23,591 - 23,491 is a key demand zone; a strong bounce from here can offer buying opportunities.
📌 If selling continues and Nifty breaks below 23,491 , the next major support is 23,345 - 23,388 .
📌 Trade Setup:
✅ Look for reversal signs near 23,491 - 23,345 before entering long trades.
🚨 If Nifty breaks and sustains below 23,345, expect further downside.
⚠️ RISK MANAGEMENT & OPTIONS TRADING TIPS ⚠️
🔹 Use strict stop-losses based on an hourly close.
🔹 Avoid chasing trades at extreme levels; wait for pullbacks.
🔹 For options trading, consider ATM/ITM contracts for better liquidity.
🔹 Time decay will impact weekly options—exit early if momentum slows.
🔹 Hedge positions if volatility spikes unexpectedly.
📌 SUMMARY & CONCLUSION 📌
✅ Bullish Bias above 23,743 targeting 23,845 - 24,067.
❌ Bearish Break below 23,591 may push towards 23,491 - 23,345.
📊 Key Zone: 23,707 - 23,743—market reaction here will decide the trend.
📌 Wait for confirmation at crucial levels before entering trades!
⚠️ DISCLAIMER ⚠️
🔹 I am not a SEBI-registered analyst. This trading plan is for educational purposes only.
🔹 Please do your own research or consult with a financial advisor before making trading decisions.
NIFTY S/R for 5/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NIFTY S/R for 4/2/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
#NIFTY Intraday Support and Resistance Levels - 04/02/2025Gap up opening expected in nifty. After opening if nifty starts trading and sustain above 23400 level then expected upside rally upto 23600 in today's session. Expected reversal from this level in nifty. Major downside expected if nifty starts trading below 23350 level.
NIFTY : Trading levels and Plan for 04-Feb-2025📌 NIFTY Trading Plan for 04-Feb-2025
📍 Key Levels:
Resistance for Profit Booking: 23,672
Resistance Zone: 23,544
No Trade Zone (Opening Support/Resistance Zone): 23,345 - 23,422
Opening Support: 23,256
Last Intraday Support: 23,178 - 23,202
Buyer's Support Zone: 22,950 - 22,990
🚀 If NIFTY Opens with a Gap-Up (100+ Points)
A gap-up opening near 23,500+ means price will be closer to the resistance zone. In this case:
If NIFTY faces rejection near 23,544, look for a shorting opportunity with a target of 23,345-23,422.
A strong breakout above 23,544 with good momentum and volume can push NIFTY towards 23,672 (profit booking zone).
If NIFTY consolidates around 23,500 and holds, look for buying opportunities after a retest with a stop-loss below 23,422.
📌 Pro Tip: If you are trading options, watch for IV (Implied Volatility) spikes. Avoid buying options at the open when IV is high. Wait for a pullback or confirmation before entering.
📊 If NIFTY Opens Flat (± 30 Points)
A flat opening means price will likely be inside the No Trade Zone (23,345-23,422). This zone can act as both support and resistance.
Avoid aggressive trades in this zone and wait for a clear direction.
A breakout above 23,422 can push NIFTY towards 23,544.
A breakdown below 23,345 can lead to 23,256 first and then towards 23,178-23,202.
📌 Pro Tip: When trading inside a range, avoid taking large positions. Instead, use Iron Condors or Credit Spreads in options for range-bound profits.
📉 If NIFTY Opens with a Gap-Down (100+ Points)
A gap-down near 23,178 - 23,202 can bring initial buying support. However, if this level breaks, we can see a quick move towards 22,950-22,990.
If NIFTY finds support around 23,178 and reverses, we can go long with a target of 23,256-23,345.
If it struggles near 23,256, this can be a sell-on-rise opportunity for a downward move.
📌 Pro Tip: For put buyers, ensure there is confirmation of weakness before entering. If the market shows strength after the gap-down, avoid holding puts for too long.
📌 Risk Management & Option Trading Tips 🛡️
✅ Keep Stop Loss Tight – Markets can be volatile, and a fixed SL helps in capital protection.
✅ Avoid Trading Inside the No Trade Zone – Let the price break out clearly.
✅ Hedge Your Positions – Use spreads instead of naked options to minimize risk.
✅ Don't Chase the Market – If you miss an entry, wait for the next setup.
📌 Summary & Conclusion 📢
🔹 Bullish Above: 23,422, targeting 23,544 → 23,672.
🔹 Bearish Below: 23,345, targeting 23,256 → 23,178.
🔹 No Trade Zone: 23,345-23,422 (Wait for confirmation before trading).
🎯 Always stick to the plan, manage your risk, and follow the levels carefully.
⚠️ Disclaimer: I am NOT a SEBI registered analyst. This is for educational purposes only. Trade at your own risk.
This plan ensures structured decision-making across all scenarios. Let me know if you need modifications! 🚀📊
RETEST DONE!! Ready for uptrend now!! As we can see despite the weakness nifty managed to close strong and following in daily time frame, we can see retesting at the breakout level hence we may expect NIFTY to continue its uptrend and its direction towards 24000++ in coming days so plan your trades accordingly.
NIFTY IS BECOMING READY FOR RETESTNIFTY is showing strength now, and now in this teriff war situation also nifty will recover to the target of 25900, so watch it, noone is telling you , but i am confident that nifty will again touch 25900 in next three months, lets see what happens, but as per my chart analysis it shows sign,
but market is supreme. so lets see study works or not.
NIFTY 50 KEY LEVEL FOR 04/02/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 mins timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Global Markets crack fearing Trump Tariff plans.Global markets cracked downwards today fearing the tariff imposed by the new Government in US. The action has strengthened already strong USD$ as US is trying to flex it's financial muscle. How long this strength in USD can sustain is a question as it is looking far away from support having given an ATH against Rupee. The Tariffs as of now have been imposed by US on Canada, Mexico and China but other countries can also receive a similar treatment including India. So that space has to be watched continuously.
Under such global perfect storm Nifty actually did pretty well to close at 23361 after making a low of 23222 which is a remarkable 139 points recovery. This might be due to the Budget announcements. There is also a talk that RBI might go for a rate cut. This can further give some strength of Financial and Banking and some other stocks. Global factors and FII selling are the main issues along with strength of Dollar that are hampering the Indian market. The results so far have been below par compared YonY but better than some market experts expectation. So even on that front it is a mixed bag.
Supports for Nifty are at: 23222, 23136 and 22976. If we get a closing below 22976 Nifty can fall in a total Bear territory and fall further to 22797, 22316 or further down.
Resistances for Nifty are at: 23381, 23555, 23618 (Father Line Resistance), 23660 is the (Mother line Resistance). After we get a weekly closing above 23660 we can think of getting back to the more bullish territory of 23745, 23883 and finally 24K+ zone. Shadow of the candle right now seems to be neutral to negative.
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. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational 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.
Nifty Potential Move aheadNifty is approaching the narrow end of a descending triangle pattern. A decisive valid break of the upper channel of this formation will lead the prices to 24775 to 24931 and final target of 25530. Above 25530 the entire trend will once again turn bullish. Until then it is a sell on rise kind of a market. if the annual results are good and corporate commentary is well projected then we can expect some relief and a positive change.
On the other hand if we see a break of the lower band then we may see prices first testing the 22277 levels. Incase the annual results are not in line with expectations and management commentary of majority of companies is not very supportive then we may see a bottom formation by the end of the year.
We will conclude our reason for trade this year based on the alignment of this fundamental analysis and technical analysis parameters. Once they are aligned we will look to a good trading opportunity in that direction.
The whole idea and levels are shared only and strictly for educational purpose only. Trading & Investment in securities is subject to market risk and one must do his/her own research before making any trading decision or seek professional help from a registered advisor.