Nifty Support & Resistance Levels

Support and Resistance

Introduction

Support and resistance are key concepts in technical analysis. They're used to help traders understand where prices may pause or reverse their course. In a bull market, support is a rising level where buying interest overcomes selling pressure. In a bear market, resistance is a falling level where selling pressure overcomes buying pressure. Levels of support and resistance are calculated using the high, low, and closing prices of previous periods. Popular methods include pivot points, Fibonacci numbers, and moving averages

Support and resistance are levels where price movement is expected to pause or reverse.

Support and resistance are levels where price movement is expected to pause or reverse. Support and resistance can be used to predict future price movements, but they do not have to be reached, as they are just levels where price movement is expected to pause or reverse.

Support and resistance levels are found on charts by drawing lines connecting two points that make up an angle greater than 90 degrees between them (see image below). For example, if you want to find out what direction a stock's prices will move in the next few days, look at its daily chart and draw lines connecting each bar until you reach an angle of 90 degrees. If there are no more connections possible between bars representing different days' data points before reaching this angle then it means that there won't be any more changes in direction before going back towards horizontal lines again--this is called "support" because we're seeing support here; if instead there were no connections possible at all points along these lines then we'd say our chart presented "resistance."

Support and resistance are key concepts in technical analysis.

Support and resistance are key concepts in technical analysis. They are calculated by using the high, low, and closing prices of previous periods to identify levels at which a security will trade. Support and resistance levels can be identified using a variety of different methods.

Support is a price level that has been tested and has not broken below it yet (i.e., supports above support). Resistance is also known as an area where buyers are willing to pay more than sellers want them too (i.e., resistances below resistances). In other words: if you buy somewhere between $10-$11 per share then your purchase would be considered on an upward trend because there are no points where it dropped or went up further than $10 per share (the upper limit). If you buy somewhere around 19$ per share then your purchase would be considered off-balance sheet because there aren't any points where it dropped or went up further than 19$.

In a bull market, support is a rising level where buying interest overcomes selling pressure.

Support is a level where buying interest overcomes selling pressure. In a bull market, support is a rising level where buying interest overcomes selling pressure. A support level can be found by looking at the high, low and closing price of previous periods.

For example: If you’re looking at an uptrending market with prices going up every day and let’s say they hit $10 today but then go down again to $9 today, then this would be considered as resistance because there are still limits being reached by buyers (who want more money) while sellers (who want less money) won't give way until they must have something in return for their goods or services before agreeing on something else which could lead to further losses before finally reaching some sort of equilibrium again like what happened with previous examples mentioned above so please keep reading if interested!

In a bear market, resistance is a falling level where selling pressure overcomes buying pressure.

Resistance is a level at which price stops rising. In a bear market, resistance is a falling level where selling pressure overcomes buying pressure.

Resistance levels are usually associated with psychological barriers that investors have created to protect their profits and limit further losses. These "psychological" barriers can be anything from fear of losing money to the desire to stay in the game until it's over (or sometimes just because they forgot they had stopped watching).

Levels of support and resistance are calculated using the high, low, and closing prices of previous periods. Popular methods include pivot points, Fibonacci numbers, and moving averages.

Support and resistance are calculated using the high, low, and closing prices of previous periods. Popular methods include pivot points, Fibonacci numbers, and moving averages.

• Support: The price level where buyers can afford to buy more shares at a given time without fear of being unable to get out at any point in the future (i.e., avoid selling pressure).

• Resistance: The price level where sellers can afford to sell less shares at a given time without fear of being unable to get in at any point in the future (i.e., avoid buying pressure).

Support is a rising level at which price stops falling. Resistance is a declining level at which price stops rising.

Support and resistance are levels where price movement is expected to pause or reverse. They are calculated using the high, low, and closing prices of previous periods.

Support is a rising level at which price stops falling. Resistance is a declining level at which price stops rising.

Levels of support and resistance can be calculated using the high-low (HH) graph. This method uses three data points: the highest close during that day's trading session; the lowest close during that day's trading session; and the average between these two numbers over time periods ranging from one week up through six months (or longer).

Conclusion

Support and resistance are key concepts in technical analysis. In a bull market, support is a rising level where buying interest overcomes selling pressure. In a bear market, resistance is a falling level where selling pressure overcomes buying pressure. Levels of support and resistance are calculated using the high, low, and closing prices of previous periods. Popular methods include pivot points, Fibonacci numbers, and moving averages. Support is a rising level at which price stops falling (or reverses). Resistance is an area that has gone down with no change in direction

Nifty Support & Resistance Levels

We are providing the below support and resistance for Nifty and Bank Nifty. We need to see if China's loss caused due to Apple factory issue can be India's gain? Some dip is expected as per SgX due to events in China which should be temporary. It may continue for 2/3 days. Markets have been on a relentless rally and some of the change of hands is important for further rally.

In short, the day is to buy at the dip.

Nifty. Resistance is placed at 18575 and support is placed at 18350. Below 18350, expect 18150 which should be the final level to hold longs.

BankNifty. Resistance is placed at 43200 and support at 42600. I expect 42600 near about today or tomorrow.

Do make it a daily regime to check our Nifty Support & Resistance Levels on a daily basis and be a part of the crowd group which makes money in the market on a daily basis.

So its clear 18500 call and put options writers are using Reliance to eat the premium of both call and put in this week when they want to weaken call premium they might keep Reliance low or sideways so that Nifty remains in a small range of 200—250 points and they can easily eat the premium a combined premium of 18500 call put till now trading at 182 which was 200 last Friday

Today low nifty 18365.5 and now trading at 18554 and Reliance making day highs trading at 2696 high and Reliance will not let Nifty fall today. SO, this is how option writers use an index heavy weight to manage the index. 

Nifty is a stock market index that tracks the performance of 50 large cap companies listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The index was first launched in 1992 as an addition to Sensex, which at that time tracked only 20 companies. It has now grown into one of India’s most popular indices with more than 1,200 constituents, making it one of India's largest stocks by market capitalization.