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Pre Market analysis for 31/12/2024 Pre Market analysis for 31/12/2024 #NIFTYBANK If market opens flat and breaks 50650 level, will plan for selling for target 50000 level. If market opens gap down, and sustains below 51650 will plan for selling for target 50000.Wait for 15min candle close below level. If market opens gap up, and sustains above 51450 level, then plan for buying for target 51950. Disclaimer:-All views are my personal and only for educational purpose. #StockMarketIndia #LetsLearnTogether
NSE:BANKNIFTYLong
by EmpireCrown
IRFC at a Crossroad: Will Bulls Take Charge or Bears Dominate?IRFC is showing signs of consolidation near the ₹149 level, which coincides with the 0.618 Fibonacci retracement zone. This area has acted as strong support historically, and the stock is currently trading within a descending channel. With the upcoming Union Budget 2024-25, there is growing anticipation around announcements for increased railway infrastructure funding, which could act as a major bullish trigger for IRFC. Bullish Scenario • A strong breakout above ₹186 (0.786 Fibonacci level) could signal a fresh rally. • If positive news related to higher railway capex or infrastructure growth emerges in the Budget, IRFC could target ₹200 initially and extend toward ₹226 (its all-time high). • The stock may gain investor confidence if the government focuses on policies to enhance public financing and infrastructure growth, further boosting its long-term outlook. Bearish Risks • Failure to hold ₹149 support could lead to a retracement toward ₹125 (0.5 Fibonacci level). • A lack of impactful Budget announcements or weak market sentiment could pressure the stock to test lower levels around ₹101. For bullish traders, this is a critical level to monitor. Watch for any breakout confirmation above the channel, as it could pave the way for a significant upside. The Budget announcements are likely to play a pivotal role in determining the stock’s direction. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Market movements depend on several factors, including policy changes. Please conduct your own research or consult with a financial advisor before making any investment decisions.
NSE:IRFC
by Veersoni108
Bharati Airtel Ltd view for Intraday 31st Dec #BHARTIARTL Bharati Airtel Ltd view for Intraday 31st Dec #BHARTIARTL Resistance 1600 Watching above 1603 for upside movement... Support area 1570 Below 1580 ignoring upside momentum for intraday Support 1570 Watching below 1568 or downside movement... Resistance area 1600 Above 1580-1585 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:BHARTIARTLLong
by EmpireCrown
Hindalco industries Ltd view for Intraday 31st Dec #HINDALCO Hindalco industries Ltd view for Intraday 31st Dec #HINDALCO Resistance 608-610 Watching above 611 for upside movement... Support area 600 Below 605 ignoring upside momentum for intraday Support 600 Watching below 597 or downside movement... Resistance area 608-610 Above 605 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks,
NSE:HINDALCOLong
by EmpireCrown