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PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 12 JUN 202312 Jul 2023 WORLD MARKETS 1. US markets are looking neutral with a bullish bias. 2. Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11 indicating less volatility. 2. GIFT Nifty is indicating 25 points uptick at 19520 fut and 19440 spot. This amounts to 44850 levels for bank Nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is taking support at 1640 and closed above it. It has resistance at 1656. Support is at 1640. Bullish bet can be taken above 1665. Bearish bets can be taken below 1640. Tgt of 1631. Any pull back to 1656 can be sold into. 2, ICICI Bank is neutral to bullish. Strong resistance is at 948-952 levels. Support is at 943. Any break of 942 will be bearish. Tgt of 938. Bullish bet can be taken above 950 levels. 3. Reliance is bullish but over bought. Any reversal by reliance will be brutal. Reliance will turn bearish below 2734. Any move above is bullish for reliance. ANALYSIS 1. Nifty is still looking bullish. 2. Bank Nifty on the other side is looking bearish. Any rally will be a selling opportunity. TRADING PLAN 1. NIFTY OPEN FLAT : Any dip to 19400 is a Buying opportunity. 2. NIFTY OPEN GAP UP : Any gap up above 19525 will be bullish. However if the gap up does not sustain, Any close below 19500 is a sell for a tgt of 19400. 3. NIFTY GAP DOWN : Any gap down below 19370 is bearish for a tgt of 19330. 4. BANK NIFTY OPEN FLAT : Any rally to 45000 is a sell. Tgt 44614. 5. BANK NIFTY OPEN GAP UP : Any break of 45010 and sustaining the level is bullish. Tgt of 45228. 6. BANK NIFTY OPEN GAP DOWN: Any stabilisation at 44600 will be bullish for a tgt of 44900. However rejection of of 44600 will give us a tgt of 44300. I AM NOT A SEBI REGISTERED ANALYST. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 11 JUL 2023MARKET OUTLOOK 11 JUL 2023 WORLD MARKETS 1. US markets are consolidating with bearish bias. 2. Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. GIFTY nifty is indicating a flat opening at 19424 fut and 19355 spot. This amounts to 44850 for Bank Nifty. 2. India VIX is down 2 % at 11.4 INDEX HEAVY WEIGHTS 1. HDFC Bank could not sustain above 1665. Support can be seen at 1649. If it break 1649 we get 1640 and below. 1665 is a strong resistance. 2. ICICI Bank has resistance at 955 and support at 945. Any break of these level will give directional move to Bank Nifty. I expect it to remain range bound. 3. Reliance as discussed gave a directional break out. This is due to the demerger news of reliance fin services from reliance. Reliance is a buy on dip to 2690 levels. However it is extremely over bought and may pull back bringing down nifty. ANALYSIS 1. Nifty and Bank Nifty are looking bearish. 2. I expect Nifty to give a directional move while bank nifty may remain range bound. 3. This because, reliance is over bought, IT is bearish, while HDFC and ICICI bank are looking neutral to bearish. 4. Also tomorrow is FIN Nifty expiry. There may be some index management. TRADING PLAN. 1. NIFTY OPEN FLAT : Any move to 19400 and weakness is a sell. Tgt 19300. 2. NIFTY GAP UP : Any move above 19420 is a buy. tgt 19500. 3. NIFTY GAP DOWN : Any consolidation at 19300 - 19320 and move above 19330 is a buy. Tgt 19400.If Nifty drift below 19280, then it is a sell for a tgt of 19211. 4.BANK NIFTY OPEN FLAT : Any move to 45050 and reversal is a sell for a tgt of 44800. 5. BANK NIFTY GAP UP: Any move above 45130 will be bullish for a tgt of 45300. 6. BANK NIFTY GAP DOWN: If nifty gap down below 44700 then it is bearish for a tgt of 44600 and 44400. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 10 JUL 202310 Jul 2023 WORLD MARKETS 1. World Markets are looking bearish. US is neutral to bearish while Europe and Asia is bearish. INDIA VIX AND GIFT NIFTY 1. GIFT Nifty is indicating a 58 points down tick at 19500 fut and 19330 spot. This amounts to 44800 for Bank Nifty. 2. India VIX is at 11.5 which is down 2.5 %. INDEX HEAVY WEIGHTS 1.HDFC Bank is heading towards 1640 levels which is 20 SMA on daily chart. It has good support at 1655 levels. Any break of this level will give us 1640. It can be bullish only above 1670 levels. Any move to 1665 will be a selling opportunity. 2. ICICI Bank has good support at 945. Any break of 943 will be bearish for a tgt of 939 -935. Any pull back to 950 will be a selling opportunity. It can turn bullish only above 952 levels. 3. Reliance has made an inverted hammer pattern indicating bearishness. However this needs confirmation as a bearish reversal. It can turn bullish above 2655 and bearish below 2613. Any move in between will make nifty choppy. However reliance may give a trending move tomorrow. Analysis 1. Indices have turned cautious to bearish for short term. 2. This is due to result season kicking in. Market may stay volatile on the days of result of heavy weights. IT may not come up with good result due to slow down in US and Europe. Bank May come up with good result. 3. On 12 Jul TCS and HCL Tech will be coming up with result. 4. For the next 2 days, market may remain side ways to bearish. TRADING PLAN 1. Nifty open flat : Any rally to 19400 is a sell SL 19450. Tgt 19300. 2. Nifty Gap down : Wait for Nifty to break 19270 levels and then sell.SL 19350 levels. Tgt 19207. If nifty start consolidating @ 19270 -19300 levels, we can get a move upto 19350 levels. But Risk/reward may not be good. 3. Nifty gap open above 19400 : wait for Nifty to cross 19450. Tgt 19500. 4. Bank Nifty open Flat : Any rally to 45030 is a sell. Tgt 44830. 5. Bank Nifty gap down : If it gap down below 44800 wait for a pull back and see whether it defends 44800. If it reverses from 44800 and break the low of the day, go aggressively short for a tgt of 44700 - 44550 levels. 2. Bank Nifty open flat : Any rally to 45030 will be a sell for a tgt of 44800 and below. 3. Bank Nifty gap open above 45030: Wait for a move above 44150 decisively and then it is a buy with less conviction. stay light. If it cross 45320, then we can aggressively go long. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYShort
by sam20051968
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 28 OCT 202428 OCT 2024 WORLD MARKETS 1. US Markets are mixed. Asia is consolidating with a negative bias. Europe is consolidating with a negative bias. INDIA VIX 1. INDIA VIX is very high nearing 15. 14.6 is a good resistance. 2. GIFT Nifty is indicating a down tick of 61 points at 24120 levels. This amounts to 50500 for Bank Nifty. INDEX HEAVY WEIGHTS. 1. HDFC Bank is consolidating with a positive bias. 1730 is a good support. 2. ICICI Bank is range bound between 1270 - 1230 levels. 3. Reliance is bearish with a target of 2550 levels. However it has support at 2630 at 200 SMA. TRADING PLAN 1. NIFTY OPEN BETWEEN 24281 - 24080: Sell any rally to 24350. 2.NIFTY OPEN ABOVE 24350: Sell any rally to 24500. 3.BANK NIFTY OPEN BELOW 24080: Sell any rally to 24100. 4.BANK NIFTY OPEN BETWEEN 50500 -51150: Sell any rally to 51350. 5.BANK NIFTY OPEN ABOVE 50150: Sell any rally to 51350 and break below 51000 decisively. 6.BANK NIFTY OPEN BELOW 50500: Sell any rally to 50800 and fall below 50700. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:NIFTYShort
by sam20051968
A SHORT TRADE SETUP - NIFTY50NSE:NIFTY ❇️ Good trade setup in Nifty50. ❇️In daily time frame there is continuous buying. From straight 14 days. Not a single candle closed in red. ❇️ Now as per the pmi data of us. (Ecomomy) Above estimate which is not good for the us markets. Thats why dow jones crash more then 700 points. And nasdaq slip over 600 points. ❇️ Nifty forming symmetrical triangle pattern in 15 mint chart. As per the gift nifty shows 120 points down we can expect a down fall from this pattern. Wait for 5 mint candle closing near entry point. ❇️ Stopploss should be slightly above previous closing. ❇️ Achievable targets are. 25155-25125-25025. ❇️use your trailing stopploss after seeing profits. 👉🏻 @thetradeforecast 🇮🇳
NSE:NIFTYShort
by thetradeforecast
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 19 APR 202419 APR 2024 WORLD MARKETS 1. World Markets are trading with a negative bias. 2. India VIX is above 13 which will fuel further downside. 3. GIFT Nifty is indicating 90 points down tick at 21900 and Bank Nifty at 46700. INDEX HEAVY WEIGHTS 1. HDFC Bank faced resistance at 1520. If 1487 is broken, then HDFC Bank will turn bearish. 2.ICICI Bank has turned bearish. It has resistance at 1060. 3. Reliance has support at 2915. Any break of 2915 will be bearish. ANALYSIS 1. Indices have been in down trend for the past 4 days. 2. Today there was an expectation of pull back. 3. Nifty tried to break out but was not supported by Bank Nifty. 4. Bank Nifty has turned bearish. TRADING PLAN 1. NIFTY OPEN BETWEEN 22100 - 21900 : Sell Any rally to 22100. 2. NIFTY OPEN ABOVE 22100 : Sell Any rally to 22200 and break below 22100 decisively. 3. NIFTY OPEN BELOW 21900: Sell any rally to 22000. 4. BANK NIFTY OPEN BETWEEN 48300 - 46835: Sell any rally to 47430 and break below 47300. 5. BANK NIFTY OPEN ABOVE 47300 : Sell any rally to 47550 and break below 47300. 6.BANK NIFTY OPEN BELOW 46830: Sell any rally to 47000. DISCLAIMER 1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
NSE:BANKNIFTYShort
by sam20051968
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 15 NOV 202315 Nov 2023 WORLD MARKETS 1. World markets are very bullish with US markets leading the pack. INDIA VIX AND GIFT. NIFTY 1. India VIX is steady at 11 and GIFT Nifty is indicating a 50 points uptick at 19720 levels. This amounts to 44350 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BAnk has broken out of 1503 levels. Now 1500 is a good sp for HDFC Bank. Next tgt is 1530. Bearish bets can only be taken below 1475. 2. ICICI Bank is still in a range of 930 - 950 levels. 3. Reliance has turned bullish and broken out of 2350 levels. ANALYSIS 1. NIfty and Bank Nifty has turned bullish. 2. The trading plan should be to buy on dips. buying futures will be more benificial than options. TRADING PLAN 1. NIFTY OPEN BETWEEN 19640 - 19700 :Buy any dip to 19600. 2.NIFTY OPEN ABOVE 19700 : Buy any dip to 19650 levels. 3. NIFTY OPEN BELOW 19640 : Wait for a break below 19600. 4.BANK NIFTY OPEN BETWEEN 44135 - 44270 : wait for a break above 44300. 5.BANK NIFTY OPEN ABOVE 44270 : Wait for a consolidation and break above 44300. 6.BANK NIFTY OPEN BELOW 44135 : Wait for a consolidation and break below 44000. DISCLAIMER I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADETAKEN BY THE READER.
NSE:BANKNIFTYLong
by sam20051968
Pull back of Nifty.While US market rejoicing the recent dovish comment form Fed chairman Mr Powel,Indian market should not be left behind.Our market is nicelly pulling up from oversold condition. Nifty is likely to retest the channel line which is at 19476. There after it may take the form of complex structure. It seems the ongoing C wave is not completed yet. Gift nifty is now trading above 19300. So there should be another gap up tomorrow. If this post helps you do like this post, Follow me to get updates.
NSE:NIFTYLong
by bijoy2526
4
BankNifty Intraday Levels 16th Oct 2023Good Morning Everyone, Trends on Gift Nifty indicaties a flat to positive start in indian market. The market was under selling pressure on Friday as IT heavyweights continued to trade lower on concern over demand outlook and a slide in the banking stocks worsened the sentiment. That was the reason Banknifty have shown sharp declined (-311 points) in last one hour session. But if i talk about strong support in banknifty is at 43600-43800. And resistance lies at the 45000 mark. Well overall market sentiment remains bullish as long as the critical support 43600 holds, and a breach below this levels can take banknifty more down,,On the upside substantial resistance levels in placed at 45000 and breakout beyond this points is likely to trigger significant short covering. Important levels for Bank Nifty:- Intraday support zone 44000 Strong Support zone 44600-44800 Intraday resistance zone 44700 Strong resistance zone 45000 Buy above 44378, if levels sustains at least for 15 mints. Targets we can see in upside 44530/44690 Keep stop loss at 44195 Sale below 44195, if levels sustains at least for 15 mints. Targets we can see in downside 44048/43818 Keep stop loss at 44378 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
Expiry Special Banknifty analysis, Intraday levels 11 OCT 2023Good Morning Everyone, Yesterday was the awesome day for traders, Bank nifty surged 474 points, and formed a bullish candlestick with minor upper shadow on the daily scale. Previous day's low of 43800 may act as a support in coming sessions. with resistance at 44500-44700, a break of which same can take the index towards 45000. Global market looking good, american market has also closed in positive, GIFT nifty also indicating a positive opening. So chances are high we can see follow up buying in index. But guy's do not forget to book profits on higher range. We can see some pressure if market is opening on higher range. Important levels for Bank nifty:- Intraday support zone 44200 Intraday resistance zone 44700 Buy above 44484, if levels sustains at least for 15 mints. Targets we can see in upside 44551/44736 Keep stop loss at 44338 Sale above 44338, if levels sustains at least for 15 mints. Targets we can see in downside 44176/44069 Keep stop loss at 44484 Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NSE:BANKNIFTY
by TraderRahulPal
2
RBI Policy Day, Market can volatile, Bank Nifty levels 6th OCT Good Morning Guy's Banknifty opened on gap up but witnessed consolidation for most of the day and closed at 44213, On the hourly chart, indicator showing positive divergence and crossover, which is bullish sign in Banknifty. We can expect Banknifty towards 44800/45000 in coming days. GIFT nifty also showing gap up opening, global market is looking good, we can see greenery in most of the major indices. And we have an even also today (RBI POLICY) so market will be highly volatile, so guy's trade carefully, and go with less qty. Important levels for Bank nifty:- Support zone 43800 Resistance zone 44600 Buy above 44385, if levels sustains at least for 15 mints Targets we can see in upside 44506/44655 Keep stop loss at 44139 Sale below 44139, if levels sustains at least for 15 mints. Targets we can see in downside 44022/43893 Keep stop loss at 44385 Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou
NSE:BANKNIFTY
by TraderRahulPal
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 25 SEP 202325 SEP 2023 WORLD MARKETS 1. US and Europe is looking bearish while the Asian markets are consolidating with a bearish bias. INDEX HEAVY WEIGHTS AND INDIA VIX 1. India VIX is below 11. 2. GIFT Nifty is indiacating 60 points down tick at 19600 levels. This amounts to 44500 levels for Bank nifty. INDEX HEAVY WEIGHTS 1. HDFC BAnk has gapped down 3 days in a row with daily cuts of 3 - 1.5%. It looks bearish. 1540 is a strong resistance. It can turn bullish only above 1551. It is looking over sold in 1 Hr time frame. 1520 is a strong sp area. 2. ICICI Bank has turned bearish. 955-957 is a strong resistance. It can turn bullish above 965. Any break below 945 will be bearish. 3. Reliance is in a down trend. 2350 is a good sp.Any break of it will get us 2306 levels. It is looking oversold in 1 hr time frame. 2371 is a strong resistancce. ANALYSIS 1. India VIX is below 11 but market is still falling. All Index heavy weights are bearish. There has been a broad based selling except in IT and PSU Banks. Nifty has strong sp between 19400 - 19500 levels. Similarly Bank Nifty has strong sp at 44500 levels. we may expect a pullback after the gap down. TRADING PLAN 1. NIFTY OPEN BETWEEN 19700 -19635: Any rally to 19750 is a sell. However any gap down to 19600 and consolidation and move 19640 will be a buying opportunity. RR will be less. 2. NIFTY OPEN ABOVE 19700 : Wait for a break out above 19750 decisively. 3.NIFTY OPEN BELOW 19635: Wait for the break below 19600 levels. 4.BANK NIFTY OPEN BETWEEN 44735 - 44500 : Any rally to 44750 - 44800 is a sell. 5.BANK NIFTY OPEN ABOVE 44735. Any break of 45000 is a buy. Any weakness at 45000 is a sell for a tgt of 44500. 6.BANK NIFTY OPEN BELOW 44500 :Any rally to 44550 - 44600 and break below 44490 is a sell for a tgt of 44200. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABLITY FOR ANY TRADES TAKEN BY YOU.
NSE:BANKNIFTYShort
by sam20051968
NIFTY AND BANK NIFTY ANALYSISS FOR 22 AUG 202322 Aug 2023 WORLD MARKETS 1. All the world markets are looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is at 11.96 indicating high volatility. 2. GIFTY Nifty is indicating a downtick of 46 points at 19350. This amounts to 43850 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank could not break 1593 level. Any break of 1596 is bullish. Any weakening below 1593 is bearish. 2. ICICI Bank could not break 960 levels. Any break of 949 will be bearish. Any rally to 958 will be a sell. Any gap up above 961 is bullish. 3. Reliance is looking bearish. Any rally to 2537 and break below 2531 is a sell. Any gap up above 2545 is a buy. ANALYSIS 1. World market is looking bearish. 2. Index heavy weights are looking bearish. 3. Nifty could not hold above 19400. Bank Nifty could not break 44070 decisively. TRADING PLAN 1.NIFTY OPEN BETWEEN 19357 - 19430: Any dip to 19350 -19322 and move above 19360 is a buy. 2. NIFTY OPEN ABOVE 19430: Any dip to 19400 is a buy. 3. NIFTY OPEN BELOW 19320 : Any rally to 19360 is a sell. 4. BANK NIFTY OPEN BETWEEN 44070 - 43930 : Any dip to 43930 is a buy. 5. BANK NIFTY OPEN ABOVE 40070 : Any dip to 44000 is a buy. However any break of 44150 will be a clear break out. 6. BANK NIFTY OPEN BELOW 43850: Any rally to 43930 will be a sell. Tgt 43750. I AM NOT A SEBI REGISTERED TRADER. THE INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTY
by sam20051968
PRE MARKET ANALYSIS FOR NIFTY AND BANK NIFTY FOR 08 AUG 202308 AUG 2023 1. US markets are looking bearish. Europe is pulling back. 2. Asia is looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating less volatility and bullishness. 2. GIFTY Nifty is indicating 20 points uptick at 19600 fut and 19540 spot. INDEX HEAVY WEIGHTS 1. HDFC Bank has strong support at 1645. Any break above 1660 is bullish for a tgt of 1671. 2. ICICI Bank has strong support at 970. resistance can be seen at 976 - 981. 3. Reliance has strong resistance at 2522. Any break of 2522 will be bullish. 2497 is a strong support. ANALYSIS 1. Nifty has made a H&S pattern. it need to break of the neck of H&S placed at 19575. 2. Bank Nifty is comparitively weak compared to nifty. TRADING PLAN 1. NIFTY OPEN FLAT: Any break of 19575 is bullish for a tgt of 19820. 2. NIFTY OPEN GAP UP: Any gap up above 19575 is bullish for a tgt of 19620 - 19680. 3. NIFTY OPEN GAP DOWN: Any gap down to 19460 and rebound above 19490 is positive. Any move below 19450 is bearish. 4. BANK NIFTY OPEN FLAT: Any move to 45100 and move below 44900 is bearish 5. BANK NIFTY OPEN GAP UP: Any open above 45100 and break of 45200 is bullish for a tgt of 45500. 6.BANK NIFTY OPEN GAP DOWN: Any break of 44500 is bearish for a tgt of 44275 - 44000. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATOINAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVIOSR FOR ANY TRADE RELATED QUERY.
NSE:BANKNIFTYLong
by sam20051968
1
PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 27 JUL 202327 JUl 2023 WORLD MARKETS 1. US market is looking neutral to bullish. It is awaiting interest rate decision by fed chairman to night. If interest rate is raised by 25 bps, then US market may sell of and so nifty may also sell off. If status quo is maintained, then Indices may rally. 2. Asia and Europe is looking bearish. INDIA VIX AND GIFT NIFTY 1. India VIX is below 11 indicating bullishness. 2.GIFT Nifty is showing 48 points uptick now at 19810 spot. This amounts to 46115 levels for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is not able to cross 1700 levels. It has good support at 1685 levels. 2. ICICI Bank is taking support at 990 levels but unable to cross 1000. Any break of 1000 will be bullish. 3. Reliance made a good come back . It has resistance at 2540 and support at 2508. Any break of 2540 will be bullish. ANALYSIS 1. Today's rally is a short covering rally or in anticipation of fed rate decision is to be seen. 2. Nifty crossed 19800 but settled below it. Similarly Bank nifty could break 46000 and has closed above it. 3. But what is required to be seen is whther these levels will sustain tomorrow because of a very big news awaiting. TRADING PLAN 1. NIFTY OPEN FLAT: Any dip to 19750 is a buy. Any move to 19800 and weakness is a sell for a tgt of 19740. NIFTY OPEN GAP UP: Any Move above 19840 is a buy for a tgt of 19890 levels. Any weakness below 19800 is a sell. 3.NIFTY GAP DOWN: Any gap down below 19710 is a sell for a tgt of 19670. 4.BANK NIFTY OPEN FLAT: Any dip to 45980 and move above 46050 is a buy. 5. BANK NIFTY OPEN GAP UP: Any gap up above 46100 and move above 46140 is a buy for a tgt of 46225 - 46355. 6.BANK NIFTY GAP DOWN: Any move below 45900 is a sell for a tgt of 45770. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGISTERED FINANCIAL ADVISOR FOR ANY TRADE RELATED QUERIES.
NSE:BANKNIFTYLong
by sam20051968