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The invisible floors and ceilings that shape every chart.
Markets have memory. When Nifty bounced from 22,000 three times in a row, thousands of traders noted that level. The next time price approached 22,000, they were ready to buy โ creating a self-fulfilling zone of buying pressure. That's support in action.
Support and resistance are not magic lines โ they are zones of concentrated interest from buyers and sellers. The more times price respects a level, the stronger and more reliable that zone becomes.
A price zone where buying pressure is strong enough to stop further decline. Think of it as a floor the market doesn't want to fall through.
A price zone where selling pressure is strong enough to stop further rise. Think of it as a ceiling the market keeps hitting its head on.
While support and resistance are horizontal, trendlines are diagonal. They show the direction and speed of a trend. As price moves up, the trendline (connecting higher lows) acts as a rising support line.
Price breaks above resistance or below support with strong volume and closes convincingly beyond the level. Often leads to a significant move in the breakout direction.
Price briefly pierces the level but immediately reverses. Designed to trap traders on the wrong side. Very common on F&O expiry days in Nifty and Bank Nifty.
Support and resistance are zones, not exact price points. Nifty may dip to 21,980 before bouncing from a "22,000 support" โ that's perfectly normal. Give the level a buffer of 0.5โ1% on either side instead of looking for exact touches.