Support and resistance is majorly utilized by mutual funds for investing.
Another way of investing is mutual funds. Mutual Funds have the capability
to provide solutions to most investors' needs. A variety of Mutual Funds are
available such as
UTI Infrastructure (Equity: Diversified), HDFC, prudence (Hybrid:
Equity-oriented), Magnum Balanced (Hybrid:Equity-oriented), TataInfrastructure (Equity:Diversified), Magnum Contra (Equity:Diversified),
Reliance Growth Equity:Diversified), Kotak Opportunities
(Equity:Diversified) for investments.
The investments in mutual funds have grown substantially in the last five years. Annual rankings of mutual funds in terms of returns often show dramatic changes in ranks, quarter after quarter, year after year. With increasing competition, stringent regulatory requirement and international players, the investing through mutual funds works well for most investors.
Click on A to Z - F&O Listed companies, to learn more about its Support and Resistance for the day
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Here is the complete list of intraday support & resistance of all stocks listed in Indian stock exchanges.If you are not aware of the importance of these terms,Please go through this section otherwise navigate to your required scrip.
You have probably heard references to support and resistance for stocks on almost a daily basis.But are you aware of their importance in technical analysis. We would like to give you a quick idea of what we mean by these terms and an explanation of how you can use them in your own trading.Support and resistance represent key junctures where the forces of supply and demand meet.
Resistance(resistance level):
Resistance or resistance level is the price level at which selling is thought to be strong enough to prevent the price from rising further.The logic dictates that as the price advances towards resistance, sellers become more inclined to sell and buyers become less inclined to buy. By the time the price reaches the resistance level, it is believed that supply will overcome demand and prevent the price from rising above resistance.
Let's understand this by taking this simple example:
Suppose Alok was holding a position in a company(say XYZ Ltd.) stock between Februry and November 2007 and that he was expecting the value of the shares to increase. Let's imagine that Alok notices that the price fails to get above Rs 850 several times over the past several months, even though it has gotten very close to moving above it. In this case, traders would call the price level near Rs 850 a level of resistance.
Support(support level)::
Support or support level is the price level at which demand is thought to be strong enough to prevent the price from declining further.The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy and sellers become less inclined to sell. By the time the price reaches the support level, it is believed that demand will overcome supply and prevent the price from falling below support.
Any example just opposite of the above can be taken:
The following image gives clear idea about support level and resistance level.The Red line represents the resistance level(as this line acts as a resistance to rising price).The green line represents the support level(as this line acts as a support to falling price)
DISCLAIMER: We are not liable for your decisions/actions taken on the market for stock transactions. The information provided here is based on our knowledge and we do not ask/force you to take market positions in a/any particular stock.
