Nifty is currently between the support and resistance zones. they are respected well. I'm surprised to see that A lot of the stocks had good volume on the previous day. Let's see the plan of the bigger player in the market.
BEL currently forming good pattern. watch for breakout
all of my levels are 90% accuracy , my previous day drawn support and trendline worked very well. currently market opened above trendline and broke support , but upcoming support are that not very much trustable . ill update the strong level in comments .based on how its behaves today.
support and resistance are working great so far, my previous support and resistance has 90 % accurate and respected well as usual . previous day 29-8-24 , I drew trendline and took support exactly at 25000 levels .
DCB took support at 117 levels , good for long term investment. can wait for retracement for good entry
Bank nifty rejected from long time trendline with resistance of 51356 which I told in previous analysis.
In nifty there is small zone nearly at 24984 and trendline with weak strength , when candles comes to trendline and support zone can bounce at that level.
Currently, Banknifty formed a Rising wedge and was rejected from the 51100 levels, also it has strong Resistance levels, let's see how it behaves.
Nifty support and resistance levels for nifty , in this chart I marked day and high , its the crucial levels, when market crosses this levels can expect some moves.
Drawn resistance and support levels for nifty, currently in took support above at channel up , and forming small channel up formation , 24852 is upcoming resistance , lets see how its react to tomorrow.