Nifty 50 spot 25492.30 by the Daily Chart view - Weekly updateNifty 50 spot 25492.30 by the Daily Chart view - Weekly update
- Support Zone 24975 to 25250 for Nifty Index
- Earlier Support Zone now Resistance Zone 25430 to 25670 for Nifty Index
- Rising Support Trendline Breakdown done basis the ongoing weak sentiments in general
- The final hurdle ATH remains elusive and Nifty keeps distinctly shy to create a New Lifetime High
Indexes
Bank Nifty spot 57876.80 by Daily Chart view - Weekly updateBank Nifty spot 57876.80 by Daily Chart view - Weekly update
- Support Zone 56950 to 57350 for Bank Nifty
- Resistance Zone 57800 to 58230 then at ATH 58577.50
- Bank Nifty sustaining between Support and Resistance Zones over 2 weeks
- Bullish Rounding Bottom still in active mode against the weak sentiments in general
Nifty 50 spot 25722.10 by the Daily Chart view - Weekly UpdateNifty 50 spot 25722.10 by the Daily Chart view - Weekly Update
- Support Zone 25430 to 25670 for Nifty Index
- Rising Support Trendline seems in active mode but may be broken
- Nifty below Resistance Zone but taking rest tad above the Support Zone
- Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index
- Bullish Rounding Bottoms seems active but continued skepticism keeping the Nifty index weak
- The final hurdle ATH crossover still stands ground and Nifty shying away from New Lifetime High creation
Bank Nifty spot 57776.35 by Daily Chart view - Weekly UpdateBank Nifty spot 57776.35 by Daily Chart view - Weekly Update
- Support Zone 56950 to 57350 for Bank Nifty
- Resistance Zone 57800 to 58230 then at ATH 58577.50
- Bank Nifty sustaining tad below Resistance Zone but above Support Zone
- Rising Support Trendline has been broken and bit of weakness seems prevailing
- Bullish Rounding Bottom seems active but for the sustained skepticism in general
Nifty 50 spot 25795.15 by Daily Chart view - Weekly updateNifty 50 spot 25795.15 by Daily Chart view - Weekly update
- Support Zone 25430 to 25670 for Nifty Index
- Rising Support Channel stayed grounded by continued supportive role
- Falling Resistance Trendline and Resistance Channel Breakout well sustained
- Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index
- The final hurdles stand firm grounds and is yet untimely to get to see a New Lifetime High created
- Nifty Index earlier shied away to cross the 25K level and now acting likewise to breach the ATH 26277.35 mark
Bank Nifty spot 57699.60 by the Daily Chart view - Weekly updateBank Nifty spot 57699.60 by the Daily Chart view - Weekly update
- Support Zone 56950 to 57350 for Bank Nifty
- Resistance Zone 57800 to 58230 then at ATH 58577.50
- Falling Resistance Trendline Breakout has been well sustained
- Gap Up Opening of 16th October remains vacant, may need to be filled and closed off
- Rising Support Channel stood supportive ground and Rising Trendline seems in active mode
Nifty Index spot 25709.85 by Weekly Chart viewNifty Index spot 25709.85 by Weekly Chart view
- Support Zone 25235 to 25535 Price Band
- Resistance Zone 26025 to ATH 26277.35 Price Band
- Crystal Clear Bullish Cup & Handle formed around Support Zone
- Lets hope for the best to happen based on this Nifty 50 Index Chart setup
- Sharing this beautiful Nifty Index Chart setup, courtesy by a curious Co-Learners observation 😊👍🏽🤞🏽
Nifty 50 spot 25709.85 by the Daily Chart view - Weekly updateNifty 50 spot 25709.85 by the Daily Chart view - Weekly update
- [ b]Nifty Index now just 567.50 points away from ATH 26277.35 for creating a New Lifetime High Milestone
- Resistance Zone 25875 to 26060 and then 26200 to ATH 26277.35 for Nifty Index
- The final hurdle step to cross over before we get to see a New Lifetime High creation
- Both Falling Resistance Trendline and Resistance Channel Breakout seem well sustained
- Current Support Zone 25430 to 25670 for Nifty Index was earlier a Strong Resistance Zone
- Rising Support Channel has stayed firmly grounded by providing the continued supportive role
- Bullish Technical patterns Double Bottom "W" followed by Rounding Bottom formed by Support Zone neckline
Bank Nifty spot 57713.35 by the Daily Chart view- Weekly updateBank Nifty spot 57713.35 by the Daily Chart view- Weekly update
- Bank Nifty created a New Lifetime High Milestone touching 57830.20
- Resistance Zone 56950 to 57350 then ATH 57628.40 for Bank Nifty
- Falling Resistance Trendline Breakout seems to be well sustained for now
- Rising Support Channel stood ground and providing steady positive support
- Current Support Zone 56950 to 57350 for Bank Nifty was earlier the Resistance Zone
- Bullish Rising W pattern done and has been well sustained by current trending momentum
- Bullish Rounding Bottom formed by Support Zone neckline inclusive of W pattern actively effective
Nifty 50 spot 25285.35 by the Daily Chart view - Weekly updateNifty 50 spot 25285.35 by the Daily Chart view - Weekly update
- Support Zone 24875 to 25135 for Nifty Index earlier Resistance Zone
- Rising Support Channel stayed grounded by continued supportive role
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Falling Resistance Trendline stands ground and Resistance Channel Breakout seems sustained
- Bullish Technical patterns of "W" Double Bottom followed by Rounding Bottom formed around Support Zone
Bank Nifty spot 55589.25 by Daily Chart view - Weekly updateBank Nifty spot 55589.25 by Daily Chart view - Weekly update
- Minor Gap Down of Friday has not got closed
- Support Zone 53775 to 54450 sustained for Bank Nifty
- Resistance Zone 55125 to 55775 for Bank Nifty yet active
- Rising Support Channel stood ground providing continued positive support
- Resistance Zone still holding ground and the Bank Nifty needs fresh strength for a breakout
Nifty 50 spot 24894.25 by Daily Chart view - Weekly updateNifty 50 spot 24894.25 by Daily Chart view - Weekly update
- Support Zone 24325 to 24500 for Nifty Index remains active
- Rising Support Channel playing hide and seek for continued supportive role
- Strong rejection observed at 25430 to 25670 Resistance Zone for Nifty Index
- Current Resistance Zone 24875 to 25135 of Nifty Index remains an active hurdle
- Falling Resistance Trendline and Resistance Channel are still playing out pretty strongly
- Bearish Rounding Top scenario effect seems been negated by upswing over the past 2 days
Bank Nifty spot 54389.35 by Daily Chart view - Weekly updateBank Nifty spot 54389.35 by Daily Chart view - Weekly update
- Minor Gap Down of Friday would need closure
- Resistance Zone 55125 to 55775 for Bank Nifty
- Bearish Rounding Top has made again at Support Zone neckline
- Rising Support Channel thou standing positive may break by weakness
- Support Zone 53775 to 54450 may get tested for Bank Nifty by ongoing weakness
- Resistance Zone seems holding ground and the Bank Nifty will need time to make a breakout
BANKNIFTY Descending Channel Breakout Alert – Targeting 57450+The chart displays a descending channel breakout in the Bank Nifty Index on the daily timeframe. After months of consolidation between a downward sloping resistance and support trendline, a strong breakout has been observed.
🔺 Resistance Zone (Red Channel)
Multiple rejections along the red downward sloping trendline marked as Resistance.
The breakout candle has successfully closed above this zone, confirming a bullish breakout.
🔻 Support Zone (Green Channel)
Historically strong buying zones identified at the green support trendline.
Each dip toward this line was followed by a bullish move.
📈 Breakout Confirmation
The price has broken out of the resistance channel, and the breakout zone is highlighted with a black circle.
The pattern height is used to estimate potential upside targets post-breakout.
🎯 Target Levels Post-Breakout
Initial Target: 53,950+
Next Target: 55,450+
Projected Final Target: 57,450+
(Calculated by adding the pattern height to the breakout level)
🛑 Stop Loss Strategy
A strict stop loss is placed below 51,450, to manage risk in case the breakout fails.
How to compare relative performance between stocks and indices ?You can compare the relative performance by using the compare option on charts. The compare function tool is used to compare the market movements of two or more different symbols simultaneously. Popular use for a comparison chart is comparing two companies within the same sector.
Click on the 'Compare or Add symbol button' (displayed as plus sign) on the toolbar along the top of the chart, search and add the indices/stock which you would like to compare. You will see a representation of the percentage comparison from the beginning price point to the current price.
To delete the comparison line right-click on it and click on ‘Remove’.
This example is comparison chart of Nifty Bank and Nifty PSU Bank.
After 13 years approx i.e. November, 2010 - December, 2023:
Nifty Bank - 263% Positive
Nifty PSU Bank - 6% Positive
I hope this little information on comparing indices/stocks is useful. Please feel free to write any additional information in the comments section below.
Thanks and happy learning/trading.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Nifty Futures 31st July 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
TRY AND COMPARE THE LEVELS OF THE RED, BLUE AND GREEN LINES COMPARED TO THE PREVIOUS DAY AND OBSERVE IF THE DIRECTION OF THE NEXT DAY CAN BE GAUGED.
BY NOW LOTS OF CHARTS HAVE BEEN POSTED SO ONE CAN GO THROUGH THEM.
KEEP FOLLOWING FOR A DETAILED VIDEO ANALYSIS ON MY CHARTS.
Bank Nifty Futures levels 5th July 2023The price opening above, between and below the lines marked in red, blue and green usually set pace for the structure of the day. The lines in dash are untouched areas by price which may get filled depending upon the price action and place of opening.
Just observe in lower time frame like 5 min and 3 mins. Observe price action and where there can be a potential support/ resistance followed by another candle.
Go through the previous charts posted by me and carefully check the price behavior at these areas.
Follow me to get updates. Will try and explain through detailed video to all those following and keen to learn.
Bank Nifty Futures 20th JUne 2023Lets see how the day opens on Monday. Price action should be watched and a decision taken accordingly.
Will try and give some live market updates.
Keep following to understand the significance of these lines drawn and how and why these lines are very important.
Please go through the previous charts and check the price action and how these lines responded vis a vis the days opening.
Nifty Levels for 15th June 2023It would be very interesting to observe what happens when
1. Price opens within the range marked of Red, Blue and Green Lines.
2. Price opens below / above the range but within the range of the previous day
3. When there is a Gap up and Gap down opening.
If You are studying the charts in lower Time frames and observing price action, Let me know in comments your observations on the points 1,2 and 3 mentioned above.
Keep Following for LIVE UPDATES






















