Understanding Option Chain

Support and Resistance Level

The Neutral Point and the Support & Resistance Level are calculated based on the activity of the smart money between 09:15 am and 09:17 am. These levels are updated on this page before 09:18 am.  Post-market, for evaluation purposes, a screenshot will be uploaded to check whether the market followed the Neutral point and corresponding Support & Resistance levels.

Kindly watch the following video for complete details

https://www.nitinbhatia.in/intraday-support-and-resistance-levels/

Color Coding is as follows

Resistance: Red

Neutral Point: Orange

Support: Green

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TODAY’s UPDATE:

18th Oct, 2024 (Friday):

Resistance:

Neutral Point:

Support:

HISTORICAL DATA:

17th Oct, 2024 (Thursday):

Resistance: 25011

Neutral Point: 24936

Support: 24861

Post Market Summary:

Market opened at resistance level. It broke all 3 levels with BIG red candles within first 30 mins. After that support level acted as resistance and market closed below support level.

16th Oct, 2024 (Wednesday):

Resistance: 25057

Neutral Point: 24982

Support: 24907

Post Market Summary:

Market followed the levels perfectly. It opened at NP and as per rules, intraday money flow was positive. It retraced from resistance level and took support at support level. It consolidated at NP, tested resistance level and closed near NP.

15th Oct, 2024 (Tuesday):

Resistance: 25323

Neutral Point: 25248

Support: 25173

Post Market Summary:

Market opened at support level below NP. As per rules, intraday money flow was negative and market respected the same. Market closed below support level.

14th Oct, 2024 (Monday):

Resistance: 25107

Neutral Point: 25032

Support: 24957

Post Market Summary:

Market respected the levels. It opened at NP and broker resistance level with big green candle. After that market consolidated around and was taking support at resistance level.

11th Oct, 2024 (Friday):

Resistance: 25033

Neutral Point: 24958

Support: 24883

Post Market Summary:

Market opened at NP and faced resistance at resistance level. Market retraced back to NP and consolidated around NP for rest of the trading day.

10th Oct, 2024 (Thursday):

Resistance: 25153

Neutral Point: 25078

Support: 25003

Post Market Summary:

Market respected the levels. It opened near NP & bounced back from Support level. It broke NP on upper and lower side big green & red candles. It took support at support level 3 times and moved below support level during 4th time.

09th Oct, 2024 (Wednesday):

Resistance: 25137

Neutral Point: 25062

Support: 24987

Post Market Summary:

Market opened at NP and broke NP & resistance level with single big green candle. Market took support at resistance level 3 times and broke it 4th time. It consolidated near NP and finally took support & closed at support level

08th Oct, 2024 (Tuesday):

Resistance: 24813

Neutral Point: 24738

Support: 24663

Post Market Summary:

Market opened at resistance level and as per rules, intraday money flow was positive. Market broke resistance level with big green candle and and closed above resistance level.

07th Oct, 2024 (Monday):

Resistance: 25178

Neutral Point: 25103

Support: 25028

Post Market Summary:

Market opened at NP. The intraday and eod money flow was negative. Market broke support level and closed below support level

04th Oct, 2024 (Friday):

Resistance: 25153

Neutral Point: 25078

Support: 25003

Post Market Summary:

Market opened at resistance level and moved up. Up move was to provide exit to put writers. A sharp sell off in CASH neutralized the up move within 20 mins & market broke resistance level and NP. Market took support at support level and closed near it.

03rd Oct, 2024 (Thursday):

Resistance: 25505

Neutral Point: 25429

Support: 25354

Post Market Summary:

Market opened at resistance level and tried to move up but retraced back to resistance level. It consolidated around resistance level and then broke both NP and support levels to close below support level.

01st Oct, 2024 (Tuesday):

Resistance: 25783

Neutral Point: 25708

Support: 25633

Post Market Summary:

Market opened near resistance level and consolidated around the same for the whole day. Market tried to break resistance level on both the sides but failed.

30th Sep, 2024 (Monday):

Resistance: 25989

Neutral Point: 25914

Support: 25839

Post Market Summary:

Market respected all the 3 levels, tried to take support and consolidated around all the 3 levels. Market opened above resistance level with positive intraday money flow but bulls failed to hold the market and the intraday money flow turned negative by 09:22 am. Please check my trade regarding the same. Market took support at support level and closed near the same. 

27th Sep, 2024 (Friday):

Resistance: 26307

Neutral Point: 26232

Support: 26157

Post Market Summary:

Market opened at NP and moved up because of positive eod & intraday money flow. Market was expected to touch resistance level but money flow turned negative in between and market consolidated around NP before testing support level. Market closed near support level.

26th Sep, 2024 (Thursday):

Resistance: 26048

Neutral Point: 25973

Support: 25898

Post Market Summary:

Market opened at resistance level, consolidated around it and broke it with big green candle. Market traded above resistance level, tested it once more before a big up move.

25th Sep, 2024 (Wednesday):

Resistance: 25853

Neutral Point: 25778

Support: 25703

Post Market Summary:

Market opened above resistance level and closed above resistance level as per rules

24th Sep, 2024 (Tuesday):

Resistance: 25909

Neutral Point: 25834

Support: 25759

Post Market Summary:

Market opened above resistance level and took support at resistance level multiple times during the day. The decay in time value of CE/PE ITM options were not as per basic principles of options premium. The market was hitting SL of ITM option buyers.

23rd Sep, 2024 (Monday):

Resistance: 25947

Neutral Point: 25872

Support: 25797

Post Market Summary:

Market respected levels and was range-bound. It opened at NP and consolidated around NP for around 4 hours. It moved up and faced resistance at resistance level.

20th Sep, 2024 (Friday):

Resistance: 25549

Neutral Point: 25474

Support: 25399

Post Market Summary:

Market opened above NP and as per rules, Intraday money flow was positive. Market took support at NP and broke resistance with big green candle. At 1:30 pm there was sharp down move but the market again took support at resistance levle and closed above NP. Market was highly volatile during the day.

19th Sep, 2024 (Thursday):

Resistance: 25517

Neutral Point: 25442

Support: 25367

Post Market Summary:

Market respected the levels and followed the rules. It broke resistance with 1st big green candle but soon retraced back to resistance. It consolidated around resistance for 1 hour and broke resistance & NP with relatively big red candles. It took support near support level and faced resistance at NP. It finally closed at NP at 3:30 pm. 

18th Sep, 2024 (Wednesday):

Resistance: 25483

Neutral Point: 25408

Support: 25333

Post Market Summary:

Today all the levels were respected perfectly. Market was highly volatile. It opened at NP and tested resistance level. Retraced from resistance level to support level by breaking NP & support level with BIG red candles. It then broke support level on upper side with big green candle & re-tested NP. Towards closing, market was again pushed back to support level.

17th Sep, 2024 (Tuesday):

Resistance: 25503

Neutral Point: 25428

Support: 25353

Post Market Summary:

Market opened below NP. As per rules intraday money flow was negative. Market took support at support level and recovered to test NP. Market failed to break NP due to negative money flow and closed below NP.

16th Sep, 2024 (Monday):

Resistance: 25437

Neutral Point: 25362

Support: 25287

Post Market Summary:

Market opened above NP and faced resistance at resistance level. For rest of the day, it was range-bound between NP and resistance level & closed near NP.

13th Sep, 2024 (Friday):

Resistance: 25523

Neutral Point: 25448

Support: 25373

Post Market Summary:

Market opened below NP and as per rules, Intraday money flow was negative. Market broke support level with big red candle and moved down. However, the intraday money flow turned neutral and market remained range bound & consolidated around support level for the whole day. Market closed near support level.

12th Sep, 2024 (Thursday):

Resistance: 25096

Neutral Point: 25021

Support: 24946

Post Market Summary:

Market opened at NP and tested support level. It consolidated below NP for around 4 hours. Shorts were built during consolidation and down move was expected. However, a single 2 pm candle broke NP & resistance level triggering SL of bears & a short covering rally. This unexpected move was triggered by some big player.   

11th Sep, 2024 (Wednesday):

Resistance: 25120

Neutral Point: 25045

Support: 24970

Post Market Summary:

Market opened below NP and intraday money flow was negative. Market took support near support level and bulls took the market till resistance level. After that market broke NP & support levels with BIG red candles. The market closed below support level.

10th Sep, 2024 (Tuesday):

Resistance: 25064

Neutral Point: 24989

Support: 24914

Post Market Summary:

Market opened at NP and broke NP. It took support at support level and broke NP & resistance level. However, intraday money flow turned negative and broke resistance level on downside. Market managed to close above 25000.

09th Sep, 2024 (Monday):

Resistance: 24871

Neutral Point: 24796

Support: 24721

Post Market Summary:

Market opened above NP. As per rules, Intraday money flow was positive. It tried to break NP on downside but due to positive intraday money, it failed. Market consolidated around resistance level and during 2nd session, it acted as support for the market. Finally, market closed above resistance level.

 

06th Sep, 2024 (Friday):

Resistance: 25181

Neutral Point: 25106

Support: 25031

Post Market Summary:

Market opened below NP. As per rules, intraday money flow was negative. It tried to break NP on upper side with big green candle but immediately broke the NP on lower side with big red candle. It broke the support with big red candle and created lower lows to close the day in red with 292 points down move.

05th Sep, 2024 (Thursday):

Resistance: 25318

Neutral Point: 25243

Support: 25168

Post Market Summary:

Market opened at NP and broke it with big red first candle. After that market tried to took support at support level multiple times & consolidated around it for approx 4 hours. At 2:20 pm, support level was broken with relatively big red candle and market closed below support level.

04th Sep, 2024 (Wednesday):

Resistance: 25211

Neutral Point: 25136

Support: 25061

Post Market Summary:

Market opened tad below NP and tried to break NP multiple times. It consolidated near NP for around 2 hours and broke it with BIG green candle. It faced resistance at resistance level and closed near the same.

03rd Sep, 2024 (Tuesday):

Resistance: 25425

Neutral Point: 25350

Support: 25275

Post Market Summary:

Market opened below NP and broke the support level in 1st candle. As per rules, Intraday money flow was negative. In 1st half, Market tested support level 7 times to break it on upper side but failed. After 1 pm, market again tried to break the support level twice but failed and market closed below support level. During both the times, when market moved above resistance level, the premium decay of time value of ITM CE was very high thus call writers ended the day in profit. 

02nd Sep, 2024 (Monday):

Today’s levels are same as of last trading day i.e. 30th Aug, 2024

Resistance: 25437

Neutral Point: 25362

Support: 25287

Post Market Summary:

Market opened below NP. Intraday money flow was negative as per rules. Till 12:35 pm, market was taking support at support level. It broke the support level with big red candle. After that market consolidated in flat zone and then support level acted as a resistance till the closing.

30th Aug, 2024 (Friday):

Resistance: 25437

Neutral Point: 25362

Support: 25287

Post Market Summary:

Market opened below Intraday Support Level. As per rules, intraday money flow was negative. Market traded in a very narrow for the whole day. Despite gap up opening, market failed to move up further during the day due to negative intraday money flow.

29th Aug, 2024 (Thursday):

Resistance: 25123

Neutral Point: 25048

Support: 24973

Post Market Summary:

Massive volatility today. Market broke both the resistance level and NP levels 4 times each during the day with BIG GREEN and RED Candles. It is extremely rare that two levels are broken 4 times each during the day. Market opened near NP and broke NP & resistance level with big green candles. As the eod money flow is negative from last few days, the bears tried to breach 25000 and the massive volatility kicked in due to monthly expiry. After failed to breach 25000, shorts covered their positions and market witnessed almost 200 points short covering rally within 15 mins. Finally, market closed at NP.

28th Aug, 2024 (Wednesday):

Resistance: 25064

Neutral Point: 24989

Support: 24914

Post Market Summary:

Market opened above NP. As per rules, Intraday money flow was positive. Market tried to break NP on downside but failed and broke resistance level with big green candle after consolidating a bit near the resistance level. The eod money flow is negative from last many days, bears made an attempt to close the market in red, broke resistance level with big red candle and market closed in the flat zone.

27th Aug, 2024 (Tuesday):

Resistance: 25121

Neutral Point: 25046

Support: 24971

Post Market Summary:

Market opened below NP. As per rules, Intraday money flow was negative. Market took support at support level and tested NP due to cash buying. Like yesterday, some big cash player was planning to close the market above 25000. However, cash buying failed to break NP, market moved below 25000 and closed below NP.

26th Aug, 2024 (Monday):

Resistance: 25018

Neutral Point: 24943

Support: 24868

Post Market Summary:

Market opened below NP and the intraday money flow was negative. However, due to cash buying, market broke NP with big green candle but failed to break the resistance level. Some big CASH player was very desperate to close the market above 25000. The market consolidated around resistance level for the whole day and closed near the same.

23rd Aug, 2024 (Friday):

Resistance: 24933

Neutral Point: 24858

Support: 24783

Post Market Summary:

Market opened below NP and as per rules, money flow was negative. Market traded in a very narrow range between NP and Support level for the whole day. It failed to break NP or support level & closed between them.

22nd Aug, 2024 (Thursday):

Resistance: 24897

Neutral Point: 24822

Support: 24747

Post Market Summary:

Market opened above NP and as per rules intraday money flow was positive. Market consolidated around NP for the whole day and failed to break the NP on downside due to positive money flow.

21st Aug, 2024 (Wednesday):

Resistance: 24694

Neutral Point: 24619

Support: 24544

Post Market Summary:
Market opened above NP. As per rules, money flow was positive. Market consolidated near NP and then took support at resistance level couple of times during the day. Finally, market closed above resistance level.

20th Aug, 2024 (Tuesday):

Resistance: 24673

Neutral Point: 24598

Support: 24523

Post Market Summary:

Market opened above NP. As per rules, money flow was positive. Market broke the resistance level with big green candle, took support at resistance two times during the day and closed just above the resistance level.

19th Aug, 2024 (Monday):

Resistance: 24731

Neutral Point: 24656

Support: 24581

Post Market Summary:

Market opened below NP. As per rules intraday money flow was negative. Market tried to break the support level once but it failed. After that for the whole day, market consolidated in a very narrow range near the support level and closed near the same.

16th Aug, 2024 (Friday):

Resistance: 24403

Neutral Point: 24328

Support: 24253

Post Market Summary:

Market opened at NP and faced resistance at resistance level. Market retraced till support level and then broke the resistance, NP and support level with big green candles. Market closed above resistance level.

14th Aug, 2024 (Wednesday):

Resistance: 24252

Neutral Point: 24177

Support: 24102

Post Market Summary:

Market was trading in a very narrow range between NP and Support level. The NP was acting as strong resistance. There was an attempt to break the NP at 12:50 pm with big green candle but it failed. The market closed between Support level and NP.

13th Aug, 2024 (Tuesday):

Resistance: 24559

Neutral Point: 24484

Support: 24409

Post Market Summary:

Market opened below Intraday Support Level suggesting strong negative intraday money flow and the market followed the same till closing

12th Aug, 2024 (Monday):

Resistance: 24382

Neutral Point: 24307

Support: 24232

Post Market Summary:

Market opened at NP and then took support at support level. After that it broke NP and resistance level with big green candles. During mid-session, market took support at resistance level couple of times. At 2:50 pm, it broke resistance with big red candle and took support at NP to close between resistance level and NP.

09th Aug, 2024 (Friday):

Resistance: 24458

Neutral Point: 24383

Support: 24308

Post Market Summary:

Market opened below NP. As per rules, money flow was negative. It tried to break the NP but failed. After that market took support at support level, faced resistance at NP and closed below NP

08th Aug, 2024 (Thursday):

Resistance: 24367

Neutral Point: 24292

Support: 24217

Post Market Summary:

As mentioned in yesterday’s post market summary, market completed yesterday’s pending down move today. Due to RBI policy announcement, the market was very volatile today. Market opened near support level and tried to break it thrice on down side. A sharp up move was SL hunting attempt for bears which i hinted on twitter during market hours. The up move could not sustain and market broke NP and support level with big red candles to close 100 points below support level.

07th Aug, 2024 (Wednesday):

Resistance: 24289

Neutral Point: 24214

Support: 24139

Post Market Summary:

Today market traded in a range between NP and resistance level. It failed to break NP and resistance level despite multiple attempts. As per money flow, it was expected that market will break NP on downside but seems the move is postponed for tomorrow due to RBI’s monetary policy announcement scheduled for tomorrow. 

06th Aug, 2024 (Tuesday):

Resistance: 24207

Neutral Point: 24132

Support: 24047

Post Market Summary:

Market followed almost same pattern as yesterday. It opened above NP and breached resistance level. It retraced back to NP and bounced back. It consolidated around resistance level. After that it broke NP and Support level with big red candles and finally closed near support level.

05th Aug, 2024 (Monday):

Resistance: 24177

Neutral Point: 24102

Support: 24027

Post Market Summary:

Market opened above NP but due to cash selling it breached 24000 level. After that it tried to break support level twice and succeeded in 3rd attempt. After that market faced resistance at NP twice and took support at support level twice to finally close near support level.

02nd Aug, 2024 (Friday):

Resistance: 24928

Neutral Point: 24853

Support: 24778

Post Market Summary:

Market opened below NP and just kissed NP & moved down. As per rules, money flow was negative below NP. Market broke support level couple of times on both up and down side & finally closed below support level.

01st Aug, 2024 (Thursday):

Resistance: 25078

Neutral Point: 24989

Support: 24914

Post Market Summary:

After opening, Today’s high was same as Resistance Point i.e. 25078. Market moved below NP and like yesterday, tried to break the NP multiple (3) times till 3 pm. Finally managed to break the NP with big green candle @ 3:05 pm and closed near NP.

31st July, 2024 (Wednesday):

Resistance: 24953

Neutral Point: 24878

Support: 24803

Post Market Summary:

Market opened @ NP and took support. Today’s RP (24953) was rock solid. Market made 7 attempts in 5 hours to break the same but failed each time. Finally succeeded to break it in the 8th attempt during last 10 mins.

30th July, 2024 (Tuesday):

Resistance: 24903

Neutral Point: 24828

Support: 24753

Post Market Summary:

Market opened and consolidated near NP. It broke resistance level and move up. Due to CASH selling, an attempt was made to bring market below RP (Resistance Point). In the 2nd attempt, RP was broken on downward side and market closed near NP.

29th July, 2024 (Monday):

Resistance: 25018

Neutral Point: 24943

Support: 24868

Post Market Report:

Market opened @ NP. It tested & bounced back from support level twice. It moved towards resistance level. However, two consecutive BIG red candles broke the NP and support level. After that market consolidated near support level till closing and tried to break the support level thrice but it failed.

26th July, 2024 (Friday):

Resistance: 24467

Neutral Point: 24392

Support: 24327

Post Market Report:

Market opened above NP. As per rules, money flow was positive, market broke the resistance level and moved up 1.76%

25th July, 2024 (Thursday):

Resistance: 24187

Neutral Point: 24112

Support: 24037

Post Market Summary:

Market opened above resistance level suggesting strong +ve intraday money flow as per rules. Market moved up 200+ points from the day’s low.

24th July, 2024 (Wednesday):

Resistance: 24508

Neutral Point: 24433

Support: 24358

Post Market Summary:

Market opened at NP. Tested the resistance level and retraced back to NP. Tried to break NP multiple times on both sides with big candles but bears took market to support level. Market consolidated near support level. After consolidation, bulls pulled up market till NP & Market closed at NP

23rd July, 2024 (Tuesday):

Resistance: 24648

Neutral Point: 24576

Support: 24499

Post Market Summary:

Market opened at Neutral Point and moved below NP during first 5 mins suggesting negative money flow as per rules. For majority of the day, market was trading around support level. Market fell more than 1% due to budget volatility (announcement of increase in STT and Capital Gain Tax). Market recovered and closed near support level.

22nd July, 2024 (Monday):

Resistance: 24445

Neutral Point: 24364

Support: 24293

Post Market Summary:

Market opened above NP, tested NP level and bounced back. As per rules, money flow is positive above NP. Market crossed the resistance level very easily in first 15 mins and traded above resistance level for rest of the day. 

19th July, 2024 (Friday):

Resistance: 24858

Neutral Point: 24783

Support: 24708

Post Market Summary:

After opening, market tested resistance level but break the Neutral Point with 115 points big red candle. Market tried to take some support at support level for around an hour but failed & closed 1% down.

18th July, 2024 (Thursday):

Resistance: 24451

Neutral Point: 24376

Support: 24301

Post Market Summary:

Market opened gap down but it was way above the resistance level of intraday money flow. It suggested strong +ve intraday money flow as per the rules. Market followed the intraday money flow and showed strong up move of 187 points.

Note: Due to chart scale settings, complete chart is not visible and only the resistance level is visible in the following chart.

16th July, 2024 (Tuesday):

Resistance: 24629

Neutral Point: 24554

Support: 24479

Post Market Summary:

Today’s levels were almost same as of yesterday i.e. 15th July. Market opened above Neutral Point at resistance level, therefore, as per rules money flow was positive. Market is facing resistance at 24629. Market made multiple attempts to break the resistance level on both sides with BIG candles. Market failed to break the resistance level on closing basis

15th July, 2024 (Monday):

Resistance: 24638

Neutral Point: 24563

Support: 24488

Post Market Summary:

After opening, market consolidated near neutral point. Both bulls and bears tried to break the NP with BIG candles. Finally, bulls succeeded to break NP and market tested resistance Level. Market reversed from resistance level as bulls failed to cross the resistance level and market closed above NP.

12th July, 2024 (Friday):

Resistance: 24433

Neutral Point: 24358

Support: 24283

Post Market Summary:

After opening, market took support at Neutral Point. Market moved up and tested the resistance level of 24433 & retraced back to NP. After that market consolidated at & above NP for around an hour. The 10:50 am BIG GREEN candle broke the resistance level (As per rule, the resistance/support level and NP are broken with BIG candles). After that market traded above resistance level for the whole day. 

11th July, 2024 (Thursday):

Resistance: 24448

Neutral Point: 24373

Support: 24298

Post Market Summary:

After opening, market broke NP and Support level with BIG RED Candles. The sentiment turned weak as per rules as the stop loss of bulls was hit and there was long unwinding. However, market recovered from day’s low to support level. The support level was acting as resistance from 12:45 pm to 1:45 pm. The 1:50 pm candle broke the support level with BIG Green candle and after that support level was acting as a support base for the market till the closing of the market. 

Note: The complete chart is not visible in the following screenshot due to chart settings

10th July, 2024 (Wednesday):

Resistance: 24557

Neutral Point: 24482

Support: 24407

Post Market Summary:

The market opened below Neutral Point. As per the rules, money flow is Negative below Neutral Point. The market did not test NP for the whole day. The first candle broke the support level with a BIG red candle, hitting the stop loss of bulls, consolidated a bit near support level to provide exit to bulls and then market went down more than 1%. For the whole day, the market was trading way below support level.

09th July, 2024 (Tuesday):

Resistance: 24374

Neutral Point: 24304

Support: 24229

Post Market Summary:

Today, Market opened above NP. Today’s Support/Resistance Level and Neutral Point were almost the same as yesterday’s level i.e. 08th July, 2024 (Monday). Yesterday, market tried to break NP twice during last 30 mins and succeeded today morning at opening. Money flow is positive above Neutral Point as per rules (For whole day, market didn’t tested NP even once). Market faced resistance at resistance level i.e. 24374 and consolidated in the range of 30 points above/below NP for around 4 hours. Market broke this range and closed above resistance level.

Today, the investing website charts are not updated therefore sharing screenshot of trading view.

08th July, 2024 (Monday):

Resistance: 24381

Neutral Point: 24306

Support: 24231

Post Market Summary:

After opening, both bulls and bears tried to control the market. They tried to break Neutral Point with relatively big green & red candles respectively. At 10:30 am, Bears broke neutral point with BIG red candle and took market till near support level to hit the Stop loss of Bulls. However, Bulls survived and market took support at support level and then consolidated around neutral point. Neutral Point was acting as resistance for bulls. At 3 pm and 3:20 pm, it was the turn of bulls and made attempt to break neutral point with BIG Green candle but they didn’t succeed, market closed near Neutral Point only.

05th July, 2024 (Friday):

Resistance: 24320

Neutral Point: 24245

Support: 24170

Post Market Summary:

After opening, market took support at Support Level. Market consolidated near Neutral Point & tried to break Neutral Point with Big candles. Finally, market closed at Resistance Level

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