The Ugly Rounded Top - What's Next in Nifty Bank Index?For the past 2 months, the Nifty Bank Index NSE:BANKNIFTY has been trading in the same range. The range of consolidation has been in the zone (58500 - 57000) . Directional trading has been a nightmare for directional traders. High-level range-bound volatility has been the new trend of Nifty Bank.
Multiple reasons have triggered a range-bound movement for such a long time. A few reasons might be - Iran-U.S. War, Crude Oil Price uncertainty, Energy Crisis, and inherent fundamental problems in the banking sector. Nobody can exactly comprehend all the reasons behind such an erratic range-bound movement. However, charts offer an easy look at the probable future of the instrument.
Let us not get into the fundamental and systematic errors in the instrument. We will primarily focus on the chart and the structure it has been building for such a long time.
Chart Pattern: "The Rounded Top"
The choppy market in the range of (58500 - 57000) has formed a famous trend reversal technical pattern - The Rounded Top. A rounding top pattern is an inverted "U" chart formation signaling a possible trend reversal after an extended uptrend. We have traded in the extended uptrend (bullish momentum) since 08th of June 2026. However, the bullish momentum had begun to wane by the end of the month. The month of July 2026 has been horrible for directional traders. The index was badly consolidating in the range (58500 - 57000). Most importantly, the range-bound consolidation has trapped both the bears and bulls. This is the very nature of a perfect "Rounded Top" chart pattern. However, we never know whether the consolidation is an accumulation process or a distribution process. A deeper look at the chart clearly shows that the price has sometimes formed a double-top pattern as it has revisited previous highs and encountered resistance again.
Rounded Top Consolidation Zone: (58500 - 57000).
Here, level 57000 is the neckline of the rounded top pattern . The total point range of the range-bound consolidation is 1500 points. As per classical technical analysis, if the neckline is broken, then we can expect at least 1500 points downward fall. Here, only a genuine fall will do justice to the sideways consolidation.
Strong Resistance Zone (SRZ): (58000 - 57500).
Presently, Nifty Bank has formed a strong resistance area in the zone of (58000 - 57500). It is highly recommended not to even think about bullish trades unless the price decisively breaks out above the zone (58000 - 57500). In the present scenario, every up move should be doubted.
Hypothesis: Nifty Bank Index will Go Down to 55250
As per the understanding of the present price action, it is evident that bullish sentiments are near to getting exhausted and bears are getting in charge. Since every up move will be doubted, there is a high chance that there will be at least a 1500-point fall below 57000. That is, it is estimated that Nifty Bank might gravitate down to 55500. Furthermore, it is estimated that Nifty Bank will go down further to the level of 55250. The reason being an availability of an unfilled GAP near the region of 55250.
⏺ Probable Scenario Analysis 👇
🟢 Bullish Scenario
There is no observable bullish scenario. Doubt every up move. In fact, an up move will act as an opportunity to short the market. However, if the price breaks out above 58000, then a weak bullish move can be expected. The probable weak bullish targets above 58000 would be - 58500 and 59000.
🔴 Bearish Scenario
Presently, the price is in a bearish phase. Stay bearish if the price remains below 57000. The probable bearish targets below 57000 would be - 56500, 55500, and 55000.
🟡 No Trading Zone (NTZ): (58000 - 57000).
Here, the zone (58000 - 57500) is a super strong resistance. It is very difficult for the price to break out above this zone.
● Intraday, Weekly, and Monthly Bias
Establish bias with respect to the opening price (of the particular session - Intraday, Weekly, and Monthly). If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! 
Short
Nifty Bank Trade Plan [21.07.2026: Tuesday]Probable Scenario Analysis and Trade Plan for the Nifty Bank Index NSE:BANKNIFTY for the 21st of July, 2026. The day is Tuesday.
🟢 Bullish Scenario
There is no observable bullish setup. The price must sustain above 58250. There might be a weak bearish move till 58500. The price will receive strong resistance at 58500. Next, if the price sustains above 58500, then a strong bullish move might emerge. The probable bullish target above 58500 would be 58750.
🔴 Bearish Scenario
There is no observable bearish setup. The price must decisively break down below 57500. Level 57500 is a strong support. Also, the monthly (July 2026) opening price is at 57573.35. Additionally, the weekly opening price is 57738.25. Therefore, the cluster around the zone of 57500 would act as strong support. It is not advisable to short unless there is a decisive breakdown below 57500. The probable bearish targets below 57500 would be - 57250 and 57000. Level 57000 would be a strong support. Next, if the price breaks down below 57000, then the probable bearish targets would be - 56750 and 56500.
🟡 No Trading Zone (NTZ): (58500 - 57500).
⏺ Range of Consolidation (ROC): (59000 - 57000).
Here, 58000 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
No high-impact event this week. One medium-impact event is the Euro Interest Rate Decision on 23rd July (Thursday). No holidays this week. There is Nifty 50 weekly expiry. Lastly, geopolitical issues are omnipresent.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Chart Pattern Identified
"Rounded-Top" in the Weekly time frame. Maybe it is a sign of a trend reversal (bullish to bearish).
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Weekly Analysis [20 - 24 July, 2026]Probable Scenario Analysis and Trade Plan for the Nifty Bank Index NSE:BANKNIFTY for the Week of 20 - 24 July, 2026.
🟢 Bullish Scenario
Nifty Bank is in a strong bullish zone. Every down move should be doubted and considered as an opportunity to go long. If the Nifty Bank Index stays above 58250, then stay bullish. The probable bullish targets above 58250 would be - 58500, 58750, and 59000. There will be strong resistance at 59000. Next, if the price sustains above 59000, then the probable bullish targets would be 59250, 59500, 59750, and 60000.
🔴 Bearish Scenario
Presently, the price is out of the bearish zone. There is no observable bearish setup in the charts. However, level 57750 is a crucial support. If the price breaks down below 57750, then there will be a weak bearish move till 57500. Level 57500 is a weak support. Next, if the price decisively breaks down below 57500, then the probable bearish targets would be - 57250 and 57000. The price will receive strong support at 57000.
🟡 No Trading Zone (NTZ): (58250 - 57750).
⏺ Range of Consolidation (ROC): (59000 - 57000).
Here, 58000 is the median of the ROC. The median works like an intraday sentiment evaluator. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment within the ROC.
● Event
No high-impact event this week. One medium-impact event is the Euro Interest Rate Decision on 23rd July (Thursday). No holidays this week. Lastly, geopolitical issues are omnipresent.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Top - Down Analysis
- Monthly TF: A green candle closed far above the close of the previous month. The month is bullish. Strong support at 58000. Immediate resistance is at 59000. The view is bullish.
- Weekly TF: A strong green candle engulfed dojis of the past 4 weeks. If the price sustains above 58500 for at least 1 day and shows further bullish opportunity, then levels 59000 and 59500 seem achievable. The view is bullish.
- Daily TF: A strong bullish candle showing signs of strong momentum. Level 58000 is strong support. There is an unfilled gap till 59000. It seems that level 59000 is possible. Doubt every down move. The view is bullish.
- 30-minute TF: The higher-highs and lower-lows structure is intact. The zone (58250 - 58000) is strong support. The view is bullish.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Hyper-Squeeze at 58000 [Analysis For 06.07.2026: Monday]Probable Price Structure Analysis of Nifty Bank for the 06th of July, 2026. The day is Monday.
Chart Pattern: Symmetric Triangle.
Presently, Nifty Bank is stuck in a tight range. It has formed a symmetric triangle. Only a breakout or breakdown would offer trend clarity. The index is under a hyper-squeeze zone.
🟢 Bullish Scenario
Be bullish only if the price sustains above the level of 58250 for at least 30 minutes. The probable bullish targets above the level of 58250 would be - 58375, 58500, 58625, and 58750.
🔴 Bearish Scenario
Be bearish only if the price sustains below the level of 57750 for at least 30 minutes. The probable bearish targets below the level of 57750 would be - 57625, 57500, 57375, and 57250.
🟡 No Trading Zone (NTZ): (58250 - 57750) .
Presently, the price is in the NTZ. We have to wait for a breakout or breakdown from the NTZ for trend clarity. Here, the zone of (58250 - 58125) is a strong resistance zone, and the zone of (57875 - 57750) is a strong support.
⏺ Range of Consolidation (ROC): (58500 - 57500).
Here, 58000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
This week (06th to 10th July), there is one high-impact event (the U.S. FOMC minutes). The event is on Wednesday, 08th of July. So, we have to deal with two weekly expiries and one high-impact event.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 03.06.2026: Friday]Probable Scenario Analysis of Nifty Bank for the 03rd of July, 2026. The day is Friday.
🟢 Bullish Scenario
Firstly, the price needs to sustain above 58125. Then, a weak bullish move can be expected till 58250. Next, if the price sustains above the level of 58250 for at least 30 minutes with strong bullish candles, then we can expect a strong bullish move. The probable strong bullish targets above the level of 58250 are - 58500 and 58750.
🔴 Bearish Scenario
The level of 57750 is strong support. If the price decisively breaks down below the level of 57750, then the bullish sentiment will exhaust. A weak bearish move till 57500 is expected if the price sustains below 57750. The level of 57500 would offer strong support. Next, if the price decisively breaks down below the level of 57500, then there will be sharp selling. The probable bearish targets below the level of 57500 would be - 57250 and 57000.
🟡 No Trading Zone (NTZ): (58125 - 57750).
Here, the zone of (58000 - 57750) is strong support.
⏺ Range of Consolidation (ROC): (58500 - 57500).
Here, 58000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July).
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 02.06.2026: Thursday]Probable Scenario Analysis of Nifty Bank for the 02nd of July, 2026. The day is Thursday.
🟢 Bullish Scenario
If the price sustains at least 30 minutes above the level of 58000, then a weak bullish move to the level of 58250 is expected. Next, if the price breaks out above the level of 58250, then the probable bullish targets would be - 58500, 58750, and 59000.
🔴 Bearish Scenario
The level of 57500 is a make-or-break level. If the level of 57500 is broken, then there will be sharp selling. The probable bearish targets below the level of 57500 are - 57250, 57000, and 56750.
🟡 No Trading Zone (NTZ): (58000 - 57500).
Here, the zone of (57750 - 57500) is strong support.
⏺ Range of Consolidation (ROC): (58500 - 57500).
Here, 58000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July). On Thursday, there is SENSEX weekly expiry. Therefore, we can expect a price anomaly.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 29.06.2026: Monday]Probable Scenario Analysis of Nifty Bank for the 29th of June, 2026. The day is Monday.
🟢 Bullish Scenario
There is no observable bullish setup. The bulls are trapped just above the level of 58500. We have to wait for the price to offer a bullish setup, as in the present scenario, bulls are bleeding, and the bears are in power. However, if the price sustains above the level of 58500 for at least 30 minutes, then we can expect a weak bullish move till the level of 58750. Next, if the price starts to trade above 58750, then there will be a weak bullish move till the level of 59000. The price will experience strong resistance at the level of 59000. Lastly, if the price sustains above the level of 59000, then the probable strong bullish targets would be - 59250 and 59500..
🔴 Bearish Scenario
Level 58000 is a strong support. If the price decisively starts to trade below the level of 58000, then we can expect a weak bearish move till the level of 57750. Next, if the price sustains at least 15 minutes below the level of 57750, then there will be a strong sell-off until the level of 57500. The price will receive good support at the level of 57500. Lastly, if the price again breaks down below the level of 57500, then there will be sharp selling in the market. The probable bearish targets below the level of 57500 would be - 57250, 57000, and 56750.
🟡 No Trading Zone (NTZ): (58500 - 58000).
Presently, the price is in the NTZ. Only a breakout or breakdown would confirm the trend.
⏺ Range of Consolidation (ROC): (58500 - 57500).
For the past two weeks, the price has been extremely volatile in a range. Here, the level of 75000 is the median of the ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event in the upcoming week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July). On Tuesday (30th of June), there will be Nifty 50 expiry. Therefore, we can expect a price anomaly till Tuesday.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Top-Down Analysis
- Monthly TF: A green bullish candle with no sign of weakness. Minor resistance is 58500, and major resistance is 59000. Major support is 57500. The view is bullish.
- Weekly TF: Back-2-back two weeks are long-legged doji. But both the candles are green. Also, there is a higher-highs and lower-lows structure. The view is indecision to bullish.
- Daily TF: A red shooting star candle is formed. Maybe it is a sign of trend reversal. The level of 58500 is a major resistance. The level of 57500 is a major support. There is a higher-highs and lower-lows structure. The view is indecision to bullish.
- 30-minute TF: The higher-highs and lower-lows structure is intact. There is no trend clarity. The view is indecision to bullish.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 24.06.2026: Wednesday]Probable Scenario Analysis of Nifty Bank for the 24th of June, 2026. The day is Wednesday.
🟢 Bullish Scenario
There is no observable bullish scenario. Doubt every up move. Think of a bullish trade only if the price trades and sustains above the level of 58000. The probable bullish targets above the level of 58000 would be - 58250 and 58500.
🔴 Bearish Scenario
Presently, the price is in a bearish zone. If the price stays below the level of 57500, then stay bearish only. Doubt every up move. The probable bearish targets below the level of 57500 would be - 57250, 57000, and 56750. The price would fill an unfilled gap (at 56800 approx.) and take support at 56750. Next, if the price decisively trades below the level of 56750, then the probable bearish target would be 56500. The price would receive good support at the level of 56500.
🟡 No Trading Zone (NTZ): (58000 - 57500)
⏺ Range of Consolidation (ROC): (57500 - 56500).
Here, the level of 57000 is the median of the ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
🟧 Technical Pattern: Double Top Pattern as a Trend Reversal Pattern
It is observed that the price has formed a double top at the level of 58000. Here, the level of 57500 is the neckline of the double top pattern. The neckline is decisively broken. Presently, there is no sign of bullishness. Doubt every up move. Look for bearish trades only.
● Event
There are no high-impact events on Wednesday. On Thursday, there will be SENSEX monthly expiry. Thus, Thursday will be a very critical day. Lastly, Friday is a national holiday (Muharram). We have only two trading days left.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Top-Down Analysis:
- Monthly TF: A green spinning top candle is formed. The level of 58000 is a major resistance level. The level of 57000 is a weak support. Lastly, the level of 56500 is a major support. The view is bullish to indecision.
- Weekly TF: A red marubozu is formed that has engulfed the movement of the previous doji candle. It looks like a sign of reversal. Strong resistance at 58000. Weak support at 57000. The level of 56750 seems to be achievable due to the availability of a GAP. Strong support is at 56500. The view is bullish, with signs of trend reversal.
- Daily TF: A big red marubozu. Doubt every up move. Weak support at 57000. Major support at 56500. There is a high chance of GAP filling till the level of 56750.
- 30-minute TF: The previous structure of higher-highs and lower-lows is exhausted. There is a clear sign of trend reversal (bullish to bearish). The view is bearish.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 23.06.2026: Tuesday]Probable Scenario Analysis of Nifty Bank for the 23rd of June, 2026. The day is Tuesday.
🟢 Bullish Scenario
If the price closes above the level of 58000 and sustains for at least 30 minutes, then execute only bullish trades. A proper 30-minute green candle followed by another 15-minute green candle will confirm a bullish move above 58000. There will be a weak bullish move till 58250. Next, if the price gives a breakout above the level of 58250 and sustains, then strong bulls would emerge. The probable strong bullish targets above the level of 58250 would be - 58500 and 58750.
🔴 Bearish Scenario
The level of 57500 is a strong support level. If the price decisively breaks down below the level of 57500, then bearish sentiment would activate. The probable bearish targets below the level of 57500 would be - 57250 and 57000. The level of 57000 would offer good support. Next, if the price again breaks down below the level of 57000, then the probable bearish target would be 56750. Here, an unfilled gap will be filled.
🟡 No Trading Zone (NTZ): (58000 - 57500)
Presently, the price is in the NTZ. This is the zone of indecision. The price again got rejected from the level of 58000. Trading within the NTZ as a directional trader would be difficult. If the price stays inside the NTZ, then deploy non-directional strategies while avoiding directional strategies. For quality trend trading, wait for either a breakout or a breakdown.
⏺ Range of Consolidation (ROC): (58000 - 57000)
Here, the level of 57500 is the median of the ROC. If the price stays above the level of 57500 (median), then there is a higher chance of the price breaking out above the level of 58000. On the contrary, if the price trades below the level of 57500 (median), then there is a higher chance of the price going down to the level of 57000. Additionally, the median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
🟧 Hypothesis: Evidence of Potential Head-&-Shoulder (H&S) Pattern Formation
The range of (58000 - 57250) seems to be a major consolidation zone. It is observable that there is a possibility of H&S formation in the lower time frame. The possibility of the H&S would be negated if the price breaks out above the level of 58000. However, if the price breaks down below the level of 57500, then the hypothesis of possible H&S pattern formation would be confirmed. In that case, there might be a 500-point fall. That is, till the level of 57000. The fall might deepen as there is an unfilled gap till the level of 56750.
● Event
There are no high-impact events in the coming week. However, we have to deal with two expiries and one holiday. On Tuesday, there will be a Nifty 50 weekly expiry. On Thursday, there will be SENSEX monthly expiry. Thus, Thursday will be a very critical day. Lastly, Friday is the National Holiday (Muharram). We have only four trading days this week.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
➤ All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
➤ Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
➤ Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
➤ Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
➤ Be Strategic. Be Courageous. Be Patient. Be Wise.
➤ Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
➤ Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 22.06.2026: Monday]Probable Scenario Analysis of Nifty Bank for the 22nd of June, 2026. The day is Monday.
🟢 Bullish Scenario
The first condition for the price to enter the bullish scenario is a sustainable breakout above the level of 58000. The price forms one stable 30-minute candle above the level of 58000 and shows bullish continuation. So, wait till the price starts to trade above the level of 58000. Next, the probable bullish targets above the level of 58000 are - 58250, 58500, 58750, and 59000.
🔴 Bearish Scenario
The level of 57500 is weak support. Wait for a proper breakdown below the level of 57500. If the price sustains at least 30 minutes below the level of 57500, then bearish sentiment would trigger. The probable bearish targets below the level of 57500 are - 57250 and 57000. The level of 57000 would offer good support. Next, if the price again breaks down below the level of 57000, then the last bearish target would be 56750. Here, an unfilled gap will be filled.
🟡 No Trading Zone (NTZ): (58000 - 57500).
Presently, the price is in the NTZ. This is the zone of indecision. Trading within the NTZ as a directional trader would be difficult. If the price stays inside the NTZ, then deploy non-directional strategies while avoiding directional strategies. For quality trend trading, wait for either a breakout or a breakdown.
⏺ Range of Consolidation (ROC): (58000 - 57000).
Here, the level of 57500 is the median of the ROC. If the price stays above the level of 57500 (median), then there is a higher chance of the price breaking out above the level of 58000. On the contrary, if the price trades below the level of 57500 (median), then there is a higher chance of the price going down to the level of 57000. Additionally, the median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
🟥 Strong Resistance Zone (SRZ): (58000 - 57750).
Any up move will receive major resistance from the SRZ. The SRZ is a barrier to bullish moves. So, take bullish trades only if the price gives a sustainable breakout above the SRZ.
🟧 Hypothesis: Evidence of Potential Head-&-Shoulder (H&S) Pattern Formation
The range of (58000 - 57750) seems to be a major consolidation zone. It is observable that there is a possibility of H&S formation in the lower time frame. The possibility of the H&S would be negated if the price breaks out above the level of 58000. However, if the price breaks down below the level of 57750, then the hypothesis of possible H&S pattern formation would be confirmed. In that case, there might be a 500-point fall below the level of 57750. That is, till the level of 57000. The fall might deepen as there is an unfilled gap till the level of 56750.
● Event
There are no high-impact events in the coming week. However, we have to deal with two expiries and one holiday. On Tuesday, there will be Nifty 50 weekly expiry. On Thursday, there will be SENSEX monthly expiry. Thus, Thursday will be a very critical day. Lastly, Friday is the National Holiday (Muharram). We have only four trading days this week.
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Top-Down Analysis (Multi-Time Frame Analysis)
➤ Monthly TF: A strong bullish candle. The level of 58000 is a minor resistance. The level of 57000 is a major support. The price is trading above the 9 and 20 EMAs. The view is bullish.
➤ Weekly TF: The candle is a long-legged doji. It is formed above a strong bullish candle formed the previous week. The long-legged doji is formed in the range of (58000 - 57500). Thus, the price has consolidated in the range of 1000 points this week. In short, the week was not a trending week. Instead, it confused both the bulls and bears. So, for a bullish continuation, the price must offer a sustainable breakout above the level of 58000. On the contrary, for a trend reversal, the price must offer a breakdown below the level of 57000. There is also an unfilled gap till the level of 56750. The price is trading above the 9 and 20 EMAs. However, the 9 EMA < 20 EMA. Only a 9-20 EMA bullish crossover would confirm bullish continuation. The view is bullish to indecision.
➤ Daily TF: Considering the candle of the past 5 days, there has been bullish movement. However, the bulls were underconfident. The price also got rejected from the level of 58000. Now, the level of 58000 is a major resistance. For bullish continuation, the price must break out above the level of 58000. The level of 57750 is a crucial support. If the price breaks down below the level of 57750, then bearish sentiment would get triggered. However, since 02nd June, the price is in a higher-highs and lower-lows structure. The price is trading above the 9-20 EMA bullish crossover. Keep two levels in mind - 58000 and 57750. The price trading above the level of 58000 would trigger bullish sentiment. But the price trading below the level of 57750 would trigger bearish sentiment. The view is bullish to indecision.
➤ 30-minute TF: For the past three days, the price has been struggling in the range of (58000 - 57750). There is a possible formation of an H&S pattern in this range. However, the previous trend is bullish. Keep two levels in mind - 58000 and 57750. The price trading above the level of 58000 would trigger bullish sentiment. But the price trading below the level of 57750 would trigger bearish sentiment. The view is bullish to indecision.
● Disclaimer + End Note
➤ All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
➤ Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
➤ Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
➤ Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
➤ Be Strategic. Be Courageous. Be Patient. Be Wise.
➤ Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
➤ Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 19.06.2026: Friday]Probable Scenario Analysis of Nifty Bank NSE:BANKNIFTY for the 19th of June, 2026. The day is Friday.
------------------------
● Bullish Scenario
------------------------
Presently, the price is in the bullish zone. It is exactly below 58000 (a major resistance). For bullish continuation, the price must form a 30-minute sustainable green candle above the level of 58000 and show evidence of continuation. In case there is a gap down, but the price remains above the level of 57750, still remain bullish and try to find only bullish trades only. Remember, the level of 58000 decides bullish trade execution. Now, if the price sustains above the level of 58000 and continues its bullish journey, then the probable bullish targets would be - 58250 and 58500. The level of 58500 seems to be achievable as the price is in a "Cup-&-Handle Pattern" bullish continuation. The level of 58500 would act as good resistance. Next, if the price again breaks out above the level of 58500, then the probable bullish target would be 58750.
-------------------------
● Bearish Scenario
-------------------------
There is no observable bearish setup. However, if the price decisively breaks down below the level of 57500, then a weak bearish move will be observable. The probable weak bearish move below the level of 57500 would be - 57250 and 57000. The level of 57000 would act as strong support. If the level of 57000 is broken, then there will be sharp selling for gap filling. A pending unfilled gap till the level of 56750 might be covered.
---------------------------------------------------------
● Strong Support Zone (SSZ): (57750 - 57500)
---------------------------------------------------------
Every down move should be doubted, as there is a strong support zone (SSZ) covering the range (57750 - 57500). Only a decisive breakdown below the SSZ would trigger bearish sentiment. Thus, the price staying above or within the SSZ should be considered an opportunity to go long only.
------------------------------------------------------
● No Trading Zone (NTZ): (58000 - 57500)
------------------------------------------------------
If price remains in the range of (58000 - 57500), then it is best not to trade at all. For a bullish setup, wait for price to sustain above the level of 58000 only. And for a bearish setup, wait for the price to sustain below the level of 57500 only.
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● Cup-&-Handle Pattern: A Probable Bullish Continuation Pattern
----------------------------------------------------------------------------------
In the zone (57750 - 57000), it is observed that the "Cup-&-handle Pattern' is formed. Since the price is in a higher-highs and lower-lows structure, there is a higher probability of trend continuation. It is assumed that if the price breaks out above the level 57750, there will be at least a 750-point rally (equivalent to the range of the Cup-&-Handle Pattern formation).
---------------------------------------------------------------
● Range of Consolidation (ROC): (58500 - 57500)
---------------------------------------------------------------
Here, the level 58000 is the median of the ROC. Presently, the price is trading exactly at the median. Make sure that if the price sustains above the level of 58000, then there will be a higher probability of a bullish continuation. However, if it sustains below the level of 58000, then we can expect a no-trading scenario.
-------------
● Event
-------------
The U.S. markets will be closed on 19th of June, 2026 (Juneteenth National Independence Day). There is no other high-impact event. Lastly, it is the last day of the week. Next week there will be one monthly expiry (SENSEX on Thursday) and one national holiday (Muharram on Friday).
--------------------
● Intraday Bias
--------------------
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
--------------------------------------------------------------
● Top-Down Analysis (Multi-Time Frame Analysis)
--------------------------------------------------------------
● Monthly TF: A strong bullish candle. No sign of weakness. Minor resistance is 58000. Major support is 57500. The view is bullish.
● Weekly TF: The weekly candle looks like a green hammer (shorter body but long tail). No sign of weakness. Minor resistance is 58000. Major support is 57500. The view is bullish.
● Daily TF: A strong higher-highs and lower-lows formation. No sign of weakness. Minor resistance is 58000. Major support is 57500. The view is bullish.
● 30-minute TF: There is a cup-&-handle pattern breakout (bullish continuation). A strong support zone is (57750 - 57500). No sign of weakness. Minor resistance is 58000. Major support is 57500. The view is bullish.
--------------------------------
● Disclaimer + End Note
--------------------------------
• All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
• Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
• Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
• Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
• Be Strategic. Be Courageous. Be Patient. Be Wise.
• Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
• Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 18.06.2026: Thursday]Probable Scenario Analysis of Nifty Bank NSE:BANKNIFTY for the 18th of June, 2026. The day is Thursday.
------------------------
● Bullish Scenario
------------------------
There are two resistances for the price to enter the bullish zone. Firstly, the price has to trade above the weekly opening (57679.65). Secondly, the price has to sustain above the level of 57750 for at least 30 minutes. Then a probable weak bullish move till 58000 might be observed. The level of 58000 would be a major resistance. Next, if the price decisively breaks out above the level of 58000, then the probable confident bullish targets would be - 58250 and 58500.
-------------------------
● Bearish Scenario
-------------------------
If the price breaks down below the level of 57250, then there will be a weak bearish move till 57000. The level of 57000 would act as strong support. Next, if the price decisively breaks down below the level of 57000, then there will be strong selling. The probable strong bearish targets below the level of 57000 would be 56750 and 56500.
-----------------------------------------------------
● No Trading Zone (NTZ): (57750 - 57250)
-----------------------------------------------------
Presently, the price is trading in the NTZ. If the price stays within the NTZ, it is best not to deploy a directional strategy. Instead, non-directional strategies would perform in that scenario. For directional trading, we have to wait for the bias formation plus a breakout or breakdown.
----------------------------------------------------------------------------------
● Cup-&-Handle Pattern: A Probable Bullish Continuation Pattern
----------------------------------------------------------------------------------
In the zone (57750 - 57000), it is observed that the "Cup-&-handle Pattern' is formed. Since the price is in a higher-highs and lower-lows structure, there is a higher probability of trend continuation. It is assumed that if the price breaks out above the level 57750, there will be at least a 750-point rally (equivalent to the range of the Cup-&-Handle Pattern formation).
---------------------------------------------------------------
● Range of Consolidation (ROC): (58000 - 57000)
---------------------------------------------------------------
The price is non-directional and confusing in the ROC. Here, the level 57500 is the median of the ROC. Presently, the price is trading above the ROC. Make sure that if the price sustains above the level of 57500, then there will be a higher probability of a bullish breakout. However, if it breaks down below the level of 57500 and sustains, then we can expect a bearish breakdown. Trend (bullish or bearish) can only be expected after a breakout or a breakdown from the ROC.
-------------
● Event
-------------
The impact of the Fed interest rate decision will impact the opening of the market. Additionally, it is the SENSEX weekly expiry. Thus, we can expect a price anomaly. There are no holidays this week.
--------------------
● Intraday Bias
--------------------
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
--------------------------------
● Disclaimer + End Note
--------------------------------
• All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
• Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
• Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
• Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
• Be Strategic. Be Courageous. Be Patient. Be Wise.
• Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
• Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! Nifty Bank Analysis [For 17.06.2026: Wednesday]Probable Scenario Analysis:
--------------------
Bullish Scenario
--------------------
Firstly, price needs to sustain above the level of 57500 for at least 30 minutes. In that case, stay bullish. The probable bullish targets above the level of 57500 are - 57750 and 58000. There will be strong resistance at the level of 58000. Next, if the price sustains above the level of 58000, then the probable bullish targets would be - 58250 and 58500. The price will again experience strong resistance at the level of 58500.
---------------------
Bearish Scenario
---------------------
A weak bearish move will emerge if the price starts to trade below the level of 56750. The weak bearish target would be 56500. The level 56500 would offer good support. Next, if the price decisively breaks down below the level 56500, then the probable bearish targets would be - 56250 and 56000. The price would receive good support at the level of 56000.
-------------------------------------------------
No Trading Zone (NTZ): (57500 - 56750)
-------------------------------------------------
--------
Event
--------
There is no high-impact event or holiday this week. No expiry on Wednesday.
-----------------
Intraday Bias
-----------------
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
-----------------------
Top-Down Analysis
-----------------------
• Monthly TF: A strong bullish candle plus a breakout is observable. Strong resistance is 58000. Strong support is 56000. The view is bullish.
• Weekly TF: A red spinning top formed above a strong bullish marubozu of the previous week. The level 56500 is strong support. Level 58000 seems to be strong resistance. The view is bullish to indecision.
• Daily TF: Back-to-back two days of red inside candles formed at the top of the strong bullish trend. Maybe it is a sideways consolidation. Bullishness is intact unless price trades below the level 56500. For a bullish breakout, the price needs to sustain above 57500 for at least a day. The view is bullish to indecision.
• 30-minute TF: For two days, the market has been in a sideways and consolidating phase. There is no trend clarity. However, the main trend of higher-highs and lower-lows is intact. The strong support level is 56500. Strong resistance level 58000. The first sign of bullishness will appear if the price sustains above the level 57500 for at least 30-minutes. The first sign of bearishness will appear if the price sustains below the level 56500. The view is bullish to indecision.
----------------------------
Disclaimer + End Note
----------------------------
• All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
• Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
• Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
• Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
• Be Strategic. Be Courageous. Be Patient. Be Wise.
• Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
• Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! NIFTY BANK Analysis [For 16.06.2026: Tuesday]Probable Scenario Analysis.
(1) Bullish Scenario:
If price starts to trade above 57500 and forms a higher-highs and lower-lows structure, then there will be a weak bullish move to 57750. Level 57750 is weak resistance. Next, if price breaks out above the level 57750, then there will be a strong bullish move. The probable strong bullish moves above the level 57750 are - 58000, 58250, and 58500. There will be strong resistance at the level 58500.
(2) Bearish Scenario:
There is no observable bearish scenario. Level 56500 is strong support. In case the price breaks down below the level of 56500. Then a weak bearish setup will activate. The probable weak bearish setups below the level 56500 are - 56250 and 56000. The level 56000 would offer good support. Lastly, if the price breaks down below the level of 56000, then there will be sharp selling. The probable bearish moves below the level 56000 are - 55750, 55500, and 55250.
(3) No Trading Zone (NTZ): (57500 - 56500).
Here, the zone (57500 - 57250) is a strong resistance zone. The zone (56750 - 56500) is a strong support zone. The price trading inside these two zones would be confusing for both the bulls and the bears. For trend trading, we have to wait for a breakout or breakdown. On the contrary, if the price stays within the NTZ, then we have to either execute non-directional strategies or not trade.
(4) Availability of an Unfilled GAP: (57000 - 56750).
There is a high probability that the price will fill this gap, as it is trapped in a zone. Also, Tuesday is Nifty 50 expiry. We can expect GAP filling in the first half of the session.
(5) Event:
There are no high-impact events or holidays in the week. There is NIFTY 50 weekly expiry. So, we can expect a price anomaly. We can also expect more sideways, range-bound, and indecisive moves as the market has already offered too much trend. The non-directional traders also need an opportunity to make money. Thus, we have to wait for clarity.
(6) Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
END NOTE:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! NIFTY BANK Weekly Analysis [08 - 12 June, 2026]Probable Scenario Analysis of Nifty Bank for Week 08 - 12 June, 2026.
(1) Bullish Scenario:
Firstly, the price needs to decisively break out above the level 55000. Underconfident (or weak) bullish targets above the level 55000 would be - 55500 and 56000. Next, if Nifty Bank decisively starts to trade above the level 56000, then the probable confident bullish levels would be - 56500 and 57000.
(2) Bearish Scenario:
Level 54000 is crucial. If the price starts to trade below the level 54000, then weak (or underconfident) bearish targets would be 53500 and 53000. The level 53000 would act as strong support. Next, if the level 53000 is also broken, then the probable confident bearish targets would be 52500 and 52000.
(3) No Trading Zone (NTZ): (55000 - 54000).
Both bulls and bears would be confused in this zone. It is best not to trade if the price remains in this region.
(4) Range of Consolidation (ROC): (55000 - 53000).
Here, the level 54000 is the median of the ROC. If price remains stable above the level 54000, then there will be a higher chance of bullish break out above the level 55000. However, if the price sustains below the level 54000, then there will be a higher probability of bearish break down, and price will break down below the level 53000. Also, there will be sharp selling below the level 53000.
(5) Event:
There is no high-impact event this week. There are also no holidays this week. We have to deal with only two expiries.
(6) Establish intraday bias with respect to the opening price. If price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
NOTE:
(i) All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
(iii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
(iv) Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
(v) Be Strategic. Be Courageous. Be Patient. Be Wise.
(vi) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
(vii) Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading! NIFTY BANK Price Structure Analysis [For 01.06.2026: Monday]Probable Scenario Analysis for the 01st of June 2026. The day is Monday.
(1) Bullish Scenario:
There is no visible bullish set-up. Doubt every up move. Think of bullish trades only if the price forms a higher-highs and lower-lows structure above the level 55000. There is a super-strong resistance zone (55000 - 54500).
(2) Bearish Scenario:
Presently, the price is in a bearish phase. If the price stays below the level 54250, then target the following bearish levels: 54000, 53750, and 53500.
(3) No Trading Zone (NTZ): (55000 - 54250).
(4) Range of Consolidation (ROC): (55000 - 54000).
Here, the level 54500 is the median of the ROC. If the price stays below the median (54500) then there will be a higher chance that the price will reach the bearish level of 54000. However, if the price stays above the median (54500), then the price will be in the NTZ.
(5) Event:
No high-impact event on Monday. However, there is a high-impact event on 05th of June 2026 (Friday) - RBI Interest Rate Decision.
(6) Establish intraday bias with respect to the opening price.
NOTE:
(i) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . Be RESPONSIBLE.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(v) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Always trade from a new perspective. The joy of trading should drive effectiveness, not fear or greed. Believe in Possibilities.
Happy Trading! NIFTY BANK Price Structure Analysis [For 29.05.2026: Friday]Probable Scenario Analysis for the 29th of May 2026. The day is Friday.
(1) Bullish Scenario:
A weak (or underconfident) bullish scenario would emerge only above the level 55250. An underconfident bullish target above the level 55250 is - 55500. Next, if the price decisively trades above the level 55500, then strong (or confident) bullish targets would be - 55750 and 56000.
(2) Bearish Scenario:
A weak (or underconfident) bearish scenario would emerge only below the level 54750. An underconfident bearish target below the level 54750 is 54500. Next, if the price decisively trades below the level 54500, then strong (or confident) bearish targets would be - 54250 and 54000.
(3) No Trading Zone (NTZ): (55250 - 54750).
(4) Range of Consolidation (ROC): (55500 - 54500).
Here, the level 55000 is the median of the ROC. If the price stays above the median (55000), then be bullish. But, if the price stays below the median (55000), then be bearish.
(5) Events:
No high-impact event. No expiry. However, Friday's opening will discount the geopolitical events that happened on Thursday (Indian markets are closed). Lastly, it will be the last day of the week.
(6) Establish intraday bias with respect to the opening price.
NOTE:
(i) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
(ii) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . Be RESPONSIBLE.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(v) Every day is a new day. Thus, do not carry the baggage of past successes or failures. Always trade from a new perspective. The joy of trading should drive effectiveness, not fear or greed. Believe in Possibilities.
Happy Trading! NIFTY BANK Price Structure Analysis [05/05/2026: Tuesday]Probable Scenario Analysis:
(1) BULLISH SCENARIO:
There is no observable bullish set-up yet. Bulls will get confidence only when the price decisively starts to trade above the level of 56000. In the present scenario, all the up moves should be doubted. If price breaks out above level 56000 and sustains, then the probable bullish targets would be - 56500 and 57000.
(2) BEARISH SCENARIO:
Since price is in a lower lows and lower highs formation, there is a high probability of price remaining in the bearish mood. However, for a trending bearish move, the price must first break down below the level 54500. If the price breaks down and sustains below level 54500, then the probable bearish targets would be - 54000, 53500, 53000, and 52500.
(3) Establish intraday bias with respect to the opening price.
(4) No Trading Zone (NTZ): (55500 - 54500).
(5) Range of Consolidation (ROC): (56000 - 54500).
Trading in this zone would be very difficult. We have to wait for either a breakout or a breakdown from this zone. Trading within this range should be swift and scalping-type.
(6) Event: No high-impact event. However, there is a NIFTY 50 weekly expiry (Tuesday). Thus, expect a price anomaly. Lastly, geopolitical issues and Trump Tantrums are always there. Anything can happen.
(7) All the analyses would fail in the case of a major gap up, gap down, and price structure anomaly. Thus, practice PRAGMATISM in the live session .
Top-Down Analysis:
(1) Monthly TF:
Today is the first day of the month, along with the impact of a high-impact event. The candle is a doji (indecision). Major resistance is 56000. Major support is 54000. The view is indecision.
(2) Weekly TF:
The previous 2 candles are red. It is a sign of weakness (or trend reversal - from bullish to bearish). Presently, doubt every up move unless the price gives a breakout above the level 56000. The view is indecision to bearish.
(3) Daily TF:
The lower lows and lower highs structure is intact. We cannot believe in any bullish moves unless the price starts to trade above the level of 56000. Level 54500 is a weak support. If level 54500 is broken, then the price might slide to 52500. The view is bearish.
(4) 30-minute TF:
The lower lows and lower highs structure is intact. We cannot believe in any bullish moves unless the price starts to trade above the level of 56000. Level 54500 is a weak support. If level 54500 is broken, then the price might slide to 54000, 53500, and 53000. The view is bearish.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . BE RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD . Plan your trade. Trade your plan. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Thus, do not carry the baggage of the past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading! NIFTY BANK Price Structure Analysis [04/05/2026: Monday]Probable Scenario Analysis:
(1) BULLISH SCENARIO:
There is no observable bullish scenario. Price must form a higher highs and lower lows structure above the level 56000. If price sustains above level 56000 and decisively breaks out level 56500, then the probable bullish targets would be - 57000, 57500, and 58000.
(2) BEARISH SCENARIO:
Price is in a bearish zone. If the price sustains below the level 55000 and decisively breaks down below 54500, then the probable bearish targets would be - 54000, 53500, 53000, and 52500.
(3) Establish intraday bias with respect to the opening price.
(4) No Trading Zone (NTZ): (56000 - 55000).
(5) Range of Consolidation (ROC): (56500 - 54500).
Trading within the ROC will be very difficult. We have to wait for either a breakout or breakdown for clear trend confirmation.
(6) Event: 2026 Legislative Assembly Election Result of 4 States and 1 U.T. on 04th May (Monday). It is a high-impact event. There is no expiry on Monday. It is the first day of the month and a trading session after a three-day-long weekend holiday. EXPECT MAJOR PRICE ANOMALY . Maybe the markets will be crazy. IF POSSIBLE, AVOID TRADING ON THE HIGH IMPACT EVENT . Lastly, geopolitical volatility due to 'Trump's Tantrums' is always there. We can't help with that.
(7) All the analyses would fail in the case of a major gap up, gap down, or price anomaly. Since 04th of May is a high-impact event, there is a high probability that the trading plan won't work. So, be judicious while trading on the high-impact event.
Top-Down Analysis:
(1) Monthly TF:
The candle is a green spinning top. It is inside the red marubozu candle formed in the month of March. Major resistance level 56000. Major support level 54000. The view is indecision.
(2) Weekly TF:
Back-2-back 2 weeks red candle. A lower low and lower highs are intact. There is no sign of bullishness; rather, there is a sign of trend reversal (from bullish to bearish). The first sign of bullishness will emerge once a proper green (bullish) candle is formed above the level 56000. Until then, take no bullish trades. Level 54500 seems to be a weak support. It looks like the price could easily reach level 54000. If level 54000 is breached, then the price might fall further to level 53000. The view is indecision to bearish.
(3) Daily TF:
Since 22nd April 2026, there has been a lower lows and lower highs structure formation. There is no sign of bullishness yet. Doubt every up move unless price decisively sustains above level 56000 for at least a day or two. Price is trading below the downward sloping (9, 20, 50, 100, 150, and 200 EMA). The view is bearish.
(4) 30-minute TF:
Price is in a lower lows and lower highs structure. There is no sign of reversal or bullishness. Bearish bias is high. For a bullish trade, the price must break out above the zone (56500 - 56000). For a proper bearish trade, the price must break down below the zone (55000 - 55500). Lastly, price is trading below 20 EMA, 50 EMA, and 200 EMA (all downward sloping). The view is bearish.
NOTE:
(i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always PRACTICE RISK MANAGEMENT . Always PROTECT your CAPITAL . BE RESPONSIBLE.
(ii) Mark your points. Trade your points. Price is GOD. Plan your trade. Trade your plan. Anything can happen in the markets. Therefore, trade what you see, not what you believe.
(iii) Be Strategic. Be Courageous. Be Patient. Be Wise.
(iv) Every day is a new day. Thus, do not carry the baggage of the past successes or failures. Always trade from a new perspective. Believe in Possibilities.
Happy Trading! Short 
