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Support and Resistance

Nifty Intraday Analysis for 29th May 2025NSE:NIFTY Index closed near 24750 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 131.43 Lakh 25500 Strike – 128.89 Lakh 24800 Strike – 102.38 Lakh Put Writing 24500 Strike – 80.64 Lakh 24800 Strike – 79.77 Lakh 25000 Strike – 65.52 Lakh Index has resistance near 24950 – 25000 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 29th May 2025NSE:BANKNIFTY Index closed near 55415 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 57000 Strike – 17.55 Lakh 56000 Strike – 17.36 Lakh 55500 Strike – 15.41 Lakh Put Writing 55000 Strike – 14.97 Lakh 54000 Strike – 13.72 Lakh 55500 Strike – 12.84 Lakh Index has resistance near 55800 – 55900 range and if index crosses and sustains above this level then may reach near 56400 – 56500 range. Index has immediate support near 54800 - 54700 range and if this support is broken then index may tank near 54300 - 54200 range.
NSE:BANKNIFTYLong
by RKMAURYA
2
Finnifty Intraday Analysis for 29th May 2025NSE:CNXFINANCE Index closed near 26450 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 27000 Strike – 1.77 Lakh 26500 Strike – 1.58 Lakh 26400 Strike – 1.35 Lakh Put Writing 26000 Strike – 1.77 Lakh 26400 Strike – 1.49 Lakh 25800 Strike – 1.28 Lakh Index has resistance near 26625 - 26675 range and if index crosses and sustains above this level then may reach near 26850 - 26900 range. Index has immediate support near 26250 – 26200 range and if this support is broken then index may tank near 26050 – 26000 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 29th May 2025NSE:NIFTY_MID_SELECT Index closed near 12595 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 13000 Strike – 14.58 Lakh 12800 Strike – 8.97 Lakh 12600 Strike – 8.64 Lakh Put Writing 12600 Strike – 7.93 Lakh 12500 Strike – 5.94 Lakh 12700 Strike – 4.64 Lakh Index has immediate resistance near 12750 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12275 – 12225 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
1
EUR/USD – Potential Short-Term TradeTime Frame: 1H Bias: Long (Bullish Reversal Expected) Setup Type: Reversal from Flip Zone Date: May 27, 2025 🔍 Market Context: The price is currently retracing after forming a short-term lower high. It has entered a prior demand zone (highlighted box) that acted as resistance-turned-support — a classic flip zone. The market has shown responsiveness to this zone in the past (bounces seen on May 22–23 and again on May 24), suggesting strong buyer interest remains here. 📌 Key Levels: Interest Zone for Longs: 1.1300 – 1.1320 This is where buyers are expected to step in again. Look for bullish price action confirmation in this zone before entry. Entry Trigger: Bullish engulfing, strong wick rejection, or bullish divergence within the demand zone. Target Zone: 1.1424 A clean 90-pip move (approx. 0.90%) from the entry zone — aligns with the previous high and liquidity pool. Stop Loss: Below 1.1300 (e.g., 1.1288) To protect against deeper sweeps of the zone. Risk-Reward: ~1:5 Excellent R:R if price reacts cleanly from the flip zone. 📈 Trade Idea Summary: Buy EUR/USD around 1.130–1.132 Stop Loss: 1.1288 Take Profit: 1.1424 R:R Ratio: ~1:4.8 Confirmation Needed: Bullish candlestick pattern or rejection wick in the zone. ⚠️ Notes: If price slices cleanly through 1.1300 without wicks or slowing down, invalidate the setup — wait for a deeper retest or a fresh demand zone to form. ⚠️ Disclaimer This post is purely for educational purposes. I am not a financial advisor, and nothing here should be taken as financial advice. Always consult your financial advisor before making any investment or trading decisions. Or at the very least, consult your cat. 🐱
Long
by johntradingwick
KIRLOSKAR INDUSTRIES technical analysisKirloskar Industries Ltd. (NSE: KIRLOSIND) is currently trading at INR 3,742.10, reflecting a 24.25% increase. The company operates in the industrial and engineering sector, specializing in infrastructure, manufacturing, and capital goods, with a strong footprint in real estate and investments. Key Levels Support Level: INR 2,377.60, INR 3,301.25, INR 3,728.40 Swing Level: INR 4,296.05 Possible Upside Levels: INR 6,208.45, INR 7,132.10, INR 8,308.65 Technical Indicators RSI: The Relative Strength Index (RSI) is at 49.25, indicating neutral momentum. The stock is hovering in a balanced state, neither overbought nor oversold, signaling potential stability. Volume: Trading volume has increased, suggesting heightened investor interest and potential price momentum confirmation toward resistance levels. Sector and Market Context Kirloskar Industries Ltd. operates in the capital goods and diversified engineering sector, which benefits from government-backed infrastructure development, industrial modernization, and investment-led growth strategies. The industry has witnessed steady expansion, bolstered by manufacturing incentives, technological upgrades, and increasing demand for engineering solutions. However, raw material cost fluctuations, supply chain efficiency, and cyclical economic impacts could influence long-term trends. Latest News and Developments Market Trends: Strong institutional inflows into industrial stocks amid optimism surrounding India’s manufacturing growth. Analyst Ratings: Recent outlooks suggest potential scalability, driven by diversified business verticals and positive earnings revisions. Quarterly Results: The company posted robust revenue growth, supported by improved operational efficiencies and higher real estate holdings. Dividend Update: No recent dividend announcements, signaling a reinvestment strategy for capacity expansion. Analysis Summary Kirloskar Industries Ltd. exhibits stable technical momentum, with RSI suggesting neutral positioning. Volume trends reinforce continued investor participation, while sector tailwinds align with long-term growth potential. Investors should monitor price action near key levels, macroeconomic indicators, and sector-wide performance before making investment decisions. A balanced approach is recommended, considering market trends and operational execution.
NSE:KIRLOSINDLong
by TechnicalAnalystSucrit
LongTerm Support Reversal with Volume Surge in Bayer CropscienceHello everyone! I hope you all are doing well in your life and trading journey. Today I’m sharing a positional setup on Bayer Cropscience Ltd , which has given a strong bounce from a key long-term support zone. A massive volume spike confirms a potential trend reversal, indicating smart money may be accumulating at current levels. This setup offers a great opportunity for medium to long-term investors with a favorable risk-reward ratio. The fundamentals of the company are equally strong, backed by Bayer AG with zero debt, healthy ROCE, and consistent performance in India’s agrochemical space. I’m eyeing an entry range of 5450–5750 , with a stop loss at 4630 . Upside targets stand at 6730 , 7799 and 9200 . Let’s track this breakout closely for further confirmation. Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making any investment decisions. If you found this helpful, don’t forget to like, share , and drop your thoughts in the comments below.
NSE:BAYERCROPLong
by TraderRahulPal
3
Nifty Intraday Analysis for 28th May 2025NSE:NIFTY Index closed near 24825 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 129.93 Lakh 25500 Strike – 98.82 Lakh 24800 Strike – 75.42 Lakh Put Writing 24500 Strike – 88.84 Lakh 25000 Strike – 80.78 Lakh 24800 Strike –70.75 Lakh Index has resistance near 24975 – 25025 range and if index crosses and sustains above this level then may reach near 25200 – 25250 range. Index has immediate support near 24650 – 24600 range and if this support is broken then index may tank near 24450 – 24400 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 28th May 2025NSE:BANKNIFTY Index closed near 55355 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 56000 Strike – 17.43 Lakh 55500 Strike – 15.93 Lakh 57000 Strike – 15.06 Lakh Put Writing 55000 Strike – 17.60 Lakh 55500 Strike – 14.44 Lakh 54000 Strike – 13.52 Lakh Index has resistance near 55800 – 55900 range and if index crosses and sustains above this level then may reach near 56400 – 56500 range. Index has immediate support near 54800 - 54700 range and if this support is broken then index may tank near 54300 - 54200 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 28th May 2025NSE:CNXFINANCE Index closed near 26420 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 27000 Strike – 1.50 Lakh 26500 Strike – 1.20 Lakh 26400 Strike – 1.12 Lakh Put Writing 26000 Strike – 1.22 Lakh 26400 Strike – 0.96 Lakh 26350 Strike – 0.86 Lakh Index has resistance near 26600 - 26650 range and if index crosses and sustains above this level then may reach near 26825 - 26875 range. Index has immediate support near 26225 – 26175 range and if this support is broken then index may tank near 26025 – 25975 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 28th May 2025NSE:NIFTY_MID_SELECT Index closed near 12620 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 13000 Strike – 9.63 Lakh 12800 Strike – 5.76 Lakh 12600 Strike – 5.07 Lakh Put Writing 12600 Strike – 5.09 Lakh 12500 Strike – 4.94 Lakh 12400 Strike – 3.51 Lakh Index has immediate resistance near 12775 – 12800 range and if index crosses and sustains above this level then may reach 12950 – 13000 range. Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12275 – 12225 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA
**Supreme Industries (SUPREMEIND)** monthly chart **Supreme Industries (SUPREMEIND)** **Trade Idea – Swing/Positional Long** * **Current Price:** ₹4,250 * **Trendline Support:** Price has respected a long-term ascending trendline since 2020. * **Price Action:** Strong bullish reversal candle (over +20%) from the support zone. * **Structure:** Higher lows maintained; potential resumption of long-term uptrend. * **Next Major Resistance (Target):** ₹6,448 (previous all-time high)
NSE:SUPREMEINDLong
by Trade_With_Harpreet
ICICI Prudential Life Insurance (ICICIPRULI) weekly chart**ICICI Prudential Life Insurance (ICICIPRULI)** 📝 **Trade Setup:** * **Current Price:** ₹659.00 * **Trend:** Price has respected a long-term ascending trendline and is bouncing from a key support zone (\~₹620). * **Structure:** Price formed a higher low and is showing bullish momentum with a strong green candle this week. * **Key Levels:** * **Support:** ₹621.90 (previous demand zone) * **Resistance/Target 1:** ₹798.30 (previous swing high and likely supply zone)
NSE:ICICIPRULILong
by Trade_With_Harpreet
DHAMPUR SUGAR MILLS technical analysisDhampur Sugar Mills Ltd. (NSE: DHAMPURSUG) is currently trading at INR 142.82. The company is a leading player in the sugar industry, involved in sugar manufacturing, ethanol production, and cogeneration of power from sugarcane byproducts. Key Levels Support Level: INR 97.06 Swing Level: INR 160.92 Possible Upside Levels: INR 289.80, INR 338.70, INR 400.95 Technical Indicators RSI: The Relative Strength Index (RSI) is currently at 38.39, indicating bearish momentum, with the stock nearing oversold territory, which could signal a reversal if buying interest increases. Volume: Trading volume is stable, showing consistent investor participation, though a volume spike near key levels would be needed to validate directional movements. Sector and Market Context Dhampur Sugar Mills operates in the sugar and ethanol production sector, which has been influenced by government policies on ethanol blending, agricultural yield fluctuations, and global sugar pricing. Recent trends suggest positive growth in ethanol demand, backed by India’s push for ethanol-based fuel diversification. However, commodity price volatility, policy changes, and export restrictions could impact industry margins. The broader market sentiment toward cyclical stocks remains mixed, with investors cautiously tracking demand and regulatory shifts. Latest News and Developments Market Trends: Institutional investors are showing interest in ethanol-driven growth stories, positioning sugar stocks favorably. Analyst Ratings: Some analysts suggest potential upside, citing stable earnings and ethanol sector expansion. Quarterly Results: Dhampur Sugar Mills reported steady revenue, though raw material costs have impacted margins. Dividend Update: No recent dividend announcements, indicating reinvestment focus on capacity expansion and modernization. Analysis Summary Dhampur Sugar Mills Ltd. has entered a key technical zone, with RSI signaling possible stabilization near current levels. Volume activity remains steady, but confirmation through increased participation will be crucial for trend validation. Sector tailwinds—such as ethanol expansion and sugar consumption growth—support long-term prospects, though macro risks should be monitored. Investors should track regulatory developments, commodity price trends, and upcoming financial disclosures before making strategic decisions.
NSE:DHAMPURSUGLong
by TechnicalAnalystSucrit
Nifty Intraday Analysis for 27th May 2025NSE:NIFTY Index closed near 25000 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 110.46 Lakh 25500 Strike – 66.27 Lakh 25400 Strike – 50.88 Lakh Put Writing 24500 Strike – 104.50 Lakh 25000 Strike – 92.47 Lakh 24800 Strike – 59.56 Lakh Index has resistance near 25200 – 25250 range and if index crosses and sustains above this level then may reach near 25400 – 25450 range. Index has immediate support near 24850 – 24800 range and if this support is broken then index may tank near 24700 – 24650 range.
NSE:NIFTYLong
by RKMAURYA
Banknifty Intraday Analysis for 27th May 2025NSE:BANKNIFTY Index closed near 55570 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 56000 Strike – 16.07 Lakh 55500 Strike – 13.52 Lakh 57000 Strike – 13.01 Lakh Put Writing 55000 Strike – 16.65 Lakh 54000 Strike – 14.37 Lakh 55500 Strike – 14.17 Lakh Index has resistance near 56000 – 56100 range and if index crosses and sustains above this level then may reach near 56500 – 56600 range. Index has immediate support near 55000 - 54900 range and if this support is broken then index may tank near 54500 - 54400 range.
NSE:BANKNIFTYLong
by RKMAURYA
Finnifty Intraday Analysis for 27th May 2025NSE:CNXFINANCE Index closed near 26590 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 27000 Strike – 1.63 Lakh 26500 Strike – 1.28 Lakh 26700 Strike – 0.86 Lakh Put Writing 26000 Strike – 1.32 Lakh 26300 Strike – 1.02 Lakh 26500 Strike – 0.98 Lakh Index has resistance near 26775 - 26825 range and if index crosses and sustains above this level then may reach near 26975 - 27025 range. Index has immediate support near 26375 – 26325 range and if this support is broken then index may tank near 26125 – 26075 range.
NSE:CNXFINANCELong
by RKMAURYA
Midnifty Intraday Analysis for 27th May 2025NSE:NIFTY_MID_SELECT Index closed near 12655 level and Maximum Call and Put Writing near CMP as below in current monthly contract: Call Writing 13000 Strike – 8.48 Lakh 12800 Strike – 5.19 Lakh 12700 Strike – 4.83 Lakh Put Writing 12500 Strike – 5.19 Lakh 12600 Strike – 4.53 Lakh 12400 Strike – 3.79 Lakh Index has immediate resistance near 12775 – 12825 range and if index crosses and sustains above this level then may reach 12975 – 13025 range. Index has immediate support near 12475 – 12425 range and if this support is broken then index may tank near 12300 – 12250 range.
NSE:NIFTY_MID_SELECTLong
by RKMAURYA