What is the support and resistance for Nifty today?
The following are the Major Support and Resistance levels for Nifty 50 Stocks….Nifty Support and Resistance Levels.
| Name | FUTURE COALINDIA |
|---|---|
| Major Resistance (R2) | 154.45 |
| Major Resistance (R1) | 153.40 |
| LTP (15 min delayed) | 149.70 |
| Major Support (S1) | 146.45 |
What is the support level for Bank Nifty?
Trade Setup: Nifty to remain range-bound; 18500 level may act as key resistance point. There are possibilities of Nifty50 trying to get some stability after two days of wide-ranging moves. The levels of 18290 and 18335 are likely to act as resistance. The supports are likely to come in at 18200 and 18165.
What is support and resistance in Bank Nifty?
If you tune in to a business news channel, you may hear stock market analysts talk of resistance and support levels for the Sensex or Nifty or individual stocks. A support level is where you could see the share price or the index gaining ground and a resistance level is where it could go the other way.
What is the next resistance level for Nifty?
Nifty faces resistance at 17,500: Analysts The Nifty could continue to face resistance at 17,500-levels in the absence of follow-up buying at higher levels. Analysts say the index must cross 17,350 first to touch 17,500.
What is first intraday support level for Nifty today?
NIFTY TREND ANALYSIS & LEVELS FOR TODAY
| NIFTY INTRADAY LEVEL | ||
|---|---|---|
| S1 | 17273 | BUY |
| S2 | 17243 | DOWN CAUTION |
| S3 | 17196 | DOWN BREAK OUT |
| S4 | 17067 | BEAR |
Where can I find support and resistance in Bank Nifty?
Trendline By far most common way to find support and resistance is done by drawing trend line. If the trendline is drawn by joining lower points then its acts as support. If trendline is ascending then the support level keeps on rising with time.
How is nifty support and resistance calculated?
First level support and resistance:
- First resistance (R1) = (2 x PP) – Low. First support (S1) = (2 x PP) – High.
- Second resistance (R2) = PP + (High – Low) Second support (S2) = PP – (High – Low)
- Third resistance (R3) = High + 2(PP – Low) Third support (S3) = Low – 2(High – PP)
What is resistance and support level?
Support represents a low level a stock price reaches over time, while resistance represents a high level a stock price reaches over time. Support materializes when a stock price drops to a level that prompts traders to buy.
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