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Sensex

Banknifty View : Intraday Levels for 5th July 2021Overview: Banknifty opened on a range of support and resistance levels of yesterday and faced support of 34730 levels and bounced to test our level of 34893, It was the same movement as the day before yesterday hence the levels are intact. Again we have range in the market as the movements are not that great either due to illiquidity or volatility. Banknifty resistance level: 34893/35076 Yesterday’s support has become the resistance now, so if markets start to trade above 34893 levels and maintain a range till 1 PM we can have a very good movement on range breakout. Banknifty Support level: 34629/34443 If bank nifty opens flat and crosses yesterday’s low then only we can short for the lower targets on support. It will then continue to get 2nd level of support so trade with caution.
NSE:BANKNIFTYLong
by sagarsethy
SENSEX ANALYSISThis is the monthly chart of Sensex. A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline. Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89. This barrier is also a resistance point according to the Fibonacci levels. Sustainment (on closing basis) above 52537.89 can lead to a big bullish move in this index, touching approx 60,000 in a year or so. FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
BSE:SENSEX
by Keshav2329
Bearish SymptomsAlmost all the markets going in red will be a major factor on Monday. Market has been moving up but the momentum was dying since last few days. Here is a comparison chart with Nasdaq. It is amazing to look how the indices made similar moves around similar times. In short, 10% correction is quite possible in near short term. This view goes along with other stock market gurus worldwide who are experts in their respective markets. Few Points to support this are here: 1. Weekly RSI is approaching over sold stage and we have peaked RSI on daily charts are making lower highs with a strong down move. 2. 45000 has not been retested. 3. MACD showing bearish cross on daily chart. 4. Indices closing in red. For faster updates on trading ideas feel free to message me.
INDEX:SENSEXShort
by daerontrading