Support Level

TechCrunch  3 hrs ago  Comment 
 Off the back of a $8.5 million in new funding, Belgium and San Francisco-based startup Showpad, which provides mobile-first software to help support sales teams, has acquired some of the assets of New York-based Storydesk. Read More
The Economic Times  6 hrs ago  Comment 
'I think support for Nifty is 8,100 on the Nifty and about 18,000 thereabouts on the Bank Nifty.'
Yahoo  9 hrs ago  Comment 
Russia's rouble strengthened on Friday after Finance Minister Anton Siluanov confirmed his ministry had sold foreign currency, and on expectations that exporters will increase dollar sales. At 6:10 a.m. ...
Market Intelligence Center  Dec 18  Comment 
A covered call identified by's patented algorithm on Quintiles Transnational Holdings Inc. (Q) could yield about 2.73% (15.55% annualized, for comparison purposes only) in 64 days. Pair a long position in the stock with...
Market Intelligence Center  Dec 18  Comment (NTES) traded between $97.32 and $99.96 before closing at $97.74 Wednesday and presents some attractive trading opportunities today.’s algorithms have picked a Mar. '15 $97.50 covered call for a net debit...
The Economic Times  Dec 18  Comment 
In a chat with ET Now, Ashwani Gujral, Fund Manager,, shares his views on Nifty.  Dec 17  Comment 
Labour opens five-point poll lead as the chancellor insists he will hit £23bn surplus by 2020 by shrinking public services George Osborne took a calculated political gamble by endorsing plans for a reduced state as a Guardian/ICM poll showed...
The Hindu Business Line  Dec 17  Comment 
The strong rally in the copper futures contract traded on the Multi Commodity Exchange (MCX) that begun from the low of ₹390/kg on December 1 halted this week. The contract found resistance...


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Support level

Support level is the price level, which, historically, a security has had difficulty falling below. Typically, the support level can be thought of as the level at which many buyers tend to enter a security. [1] Support levels are often used in technical analysis.

The original low price level becomes a support area because investors will believe that prices will again rise above that level. [2] This means the price is more likely to "bounce" off this level rather than break through it. However, once the price has passed this level, by an amount exceeding some noise, it is likely to continue dropping until it finds another support level. [1]

From 14c., from, bring up, up from under, portare "to carry." Sense of "that which supports" is from 1560s. [2]


  1. Wall Street words: an A to Z guide to investment terms for today's investor By David Logan Scott ISBN-10: 0618176519 pg367
  2. A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing By Burton Gordon Malkiel ISBN-10: 0393062457 pg107
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