{"id":6003,"date":"2012-01-20T17:57:39","date_gmt":"2012-01-20T12:27:39","guid":{"rendered":"http:\/\/www.niftylivecharts.com\/blog\/?p=6003"},"modified":"2012-01-20T17:57:39","modified_gmt":"2012-01-20T12:27:39","slug":"bank-nifty-support-and-resistance-levels-for-23-january-2012","status":"publish","type":"post","link":"https:\/\/www.niftylivecharts.com\/blog\/bank-nifty-support-and-resistance-levels-for-23-january-2012\/","title":{"rendered":"Bank Nifty Support and Resistance Levels for 23 January 2012"},"content":{"rendered":"

Bank Nifty Trading Levels for 23 January 2012 – Bank Nifty Future Support and Resistance Levels – Daily Bank Nifty Level (23 January 2012)
\nTrading as per the support and resistance levels<\/strong> may be quite useful for intraday and Positional trading<\/strong> in stocks and index. Resistance<\/strong> is termed as the level where the stock generally gets some opposite force before it can go further up. A support<\/strong> is the level where a stock get buying interest before it can fall further. Under the normal market conditions or in the absence of some extremely panic news the support and the resistance levels can act as good levels for initiating the buying \/ selling. In general it\u2019s advisable to buy the stocks at support levels<\/span> and sell at the resistance levels<\/span>. In Intraday trading there are few support and resistance levels known as Support1 Support2, Resistance1 Resistance2 etc.
\nThe support and the resistance<\/em> levels for Bank Nifty can be in color coded form can be seen in the table below.
\nBank Nifty Levels for (23 January 2012)<\/strong>are as follow<\/p>\n\n\n\n\n\n\n
Pivot Level = 9438 <\/strong><\/span><\/td>\n<\/tr>\n
Support1 = 9338 <\/strong><\/span><\/td>\n Resistance1 = 9625 <\/strong><\/span><\/td>\n<\/tr>\n
Support2 = 9151 <\/strong><\/span><\/td>\n Resistance2 = 9725 <\/strong><\/span><\/td>\n<\/tr>\n
Support3 = 9051 <\/strong><\/span><\/td>\n Resistance3 = 9912 <\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

the basic formula\u2019s used for calculating the support and resistance is:-
\nPivot point (P) = (H + L + C) \/ 3
\nFirst resistance level (R1) = (2 * P) – L
\nFirst support level (S1) = (2 * P) – H
\nSecond resistance level (R2) = P + (R1 – S1)
\nSecond support level (S2) = P – (R1 – S1)
\nThese levels are updated by NiftyLiveCharts.com<\/a> Team<\/p>\n","protected":false},"excerpt":{"rendered":"

Bank Nifty Trading Levels for 23 January 2012 – Bank Nifty Future Support and Resistance Levels – Daily Bank Nifty Level (23 January 2012) Trading as per the support and resistance levels may be quite useful for intraday and Positional trading in stocks and index. Resistance is termed as the level where the stock generally […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[7274],"tags":[11367,11369,11368,11364,11363,11362],"class_list":{"0":"post-6003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-daily-nifty-levels","7":"tag-bank-nifty","8":"tag-bank-nifty-breakdown","9":"tag-bank-nifty-breakout","10":"tag-levels","11":"tag-resistance","12":"tag-support","13":"entry"},"_links":{"self":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/6003","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/comments?post=6003"}],"version-history":[{"count":0,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/posts\/6003\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/media?parent=6003"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/categories?post=6003"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftylivecharts.com\/blog\/wp-json\/wp\/v2\/tags?post=6003"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}