Bearishsentiment

Nifty spot 23547.75 by Daily Chart - Weekly Update Nifty spot 23547.75 by Daily Chart - Weekly Update - Nifty closed below last week spot level of 23719.30 - Support Zone remains 23250 to 23850 for Nifty Index Band - Resistance Zone remains 24350 to 25050 for Nifty Index Band - Nifty 50 seen taking dip inside Support Zone and under Resistance Zone - Geo Political anxiety endures for both Domestic & Global Markets to gain any normalcy

by PIYUSHCHAVDA

Nifty spot 25178.65 by Daily Chart view - Weekly Update Nifty spot 25178.65 by Daily Chart view - Weekly Update - New Support Zone 24750 to 25050 for the Nifty Index - Earlier Support Zone 25325 to 25625 Broken, now to act as Resistance Zone - Nifty affected more by fear with in general instability basis Geo Political events and news - 03-Feb-2026 Gap Up of 533 pts tad short of closure by about 35 odd points basis today's down fall

by PIYUSHCHAVDA

Bank Nifty spot 53655.65 by the Daily Chart view - Weekly update Bank Nifty spot 53655.65 by the Daily Chart view - Weekly update - Support Zone 53150 to 53650 for Bank Nifty Index - Rising Support Channel Breakdown might act as Resistance - Resistance Zone earlier Support Zone at 54160 to 54660 for Bank Nifty Index - Falling Resistance Trendline sustained by current Weekly closure below trendline - 2 Minor Gap Down Openings done last week Thursday and Friday as a resistance closure - Bank Index made a repeat Bearish Rounding Top pattern making fairly decent Resistance with the closure well below Resistance Zone

by PIYUSHCHAVDA

Nasdaq is below 200 Weekly EMA It has been observed only once before this, it was seen last time in the 2008 crisis. This could be an alert ⚠️ The regression channel is still intact, price is trending within the channel. The previous low of 10440 could offer support, below that things could go worse

Dark cloud cover confirmation: shooting star, what's next?Last week, we saw a huge sell-off, that resulted in the formation of a shooting star. Such a pattern has major implications if it is seen at top of the trend. It depicts sentiment reversal. Last, to last week we saw a dark cloud formation, now the following candle is a shooting star. It clearly shows the overall sentiment. Same thing you would observe if you see, the option chain. Very few positions are carried out for Monday Calls are being added at an important price level. 17500, 17800, 18000 level Whereas in the case of puts very few contracts are being added at 17200 and 17000 level This shows call sellers are in control. Expecting some short-term reversal from the 17100 to 17200 level, considering support, resistance and Bollinger band.

GBPUSD : SHORT TRADE IDEA GBPUSD is looking bearish as buyers are losing hold from 1.29750, Hopefully bearish sentiment continues with this momentum and drive price downwards towards 1.28750 level(TP level). Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !