PriteshPalan

PriteshPalan

On Tuesday, Nifty broke through the small resistance zone and made a new all-time high of 24,443.60, closing above 24,400 for the first time. The weekly trend (50 SMA) is now overbought, and the daily trend (50 SMA) remains positive. Support Levels: Near Support/Demand Zone (5m): 24,382 - 24,400 Far Support/Demand Zone (5m): 24,204.20 - 24,222.65 Support/Demand...

PriteshPalan

On Monday, BankNifty remained within its range and did not break the 125m demand zone mentioned in the last post. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Far Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Small...

PriteshPalan

On Monday, Nifty took support at the 15m demand zone (24,204 - 24,244) mentioned in the last post and bounced back to a day high of 24,344.60. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (5m): 24,204.20 - 24,222.65 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m) for...

PriteshPalan

On Friday, BankNifty opened gap-down, found support at the 125m demand zone (51,996 - 52,379) mentioned in the last post, and bounced back but did not fully recover due to a lack of buying pressure, closing 443 points down at 52,660.35. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Far...

PriteshPalan

On Friday, Nifty opened gap-down but found support at the gap level (24,123 - 24,207) and bounced back to close with a gain of 22 points at 24,323.85. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,204 - 24,244 Far Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Support/Demand Zone (75m)...

PriteshPalan

BankNifty opened gap-up and made a new all-time high of 53,357.70 but stayed within the previous day's range, ending flat with just a 14-point gain. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near 125m Support/Demand Zone: 51,996 - 52,379 Near 75m Support/Demand Zone: 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 -...

PriteshPalan

Nifty opened gap-up and made a new all-time high of 24,401 but closed flat with just a 15-point gain. The weekly and daily trends (50 SMA) remain positive. Support Levels: Near Small Support/Demand Zone (15m): 24,239 - 24,267 Multiple Timeframe Support Zones near Gap Level (24,123 - 24,207): This indicates that 24,000 - 24,200 will be a major support in the short...

PriteshPalan

BankNifty opened gap-up above the previously mentioned level of 52,735 and sustained above to make a new all-time high of 53,256.70. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (125m): 51,996 - 52,379 Near Support/Demand Zone (75m): 51,510 - 51,784 Major Support/Demand Zone (Daily): 51,138 -...

PriteshPalan

Nifty opened gap-up, making a new all-time high of 24,309.15 and closed at higher levels, gaining 162 points. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (30m) in the Gap Level: 24,110 - 24,148 Near Support/Demand Zone (15m): 23,985 - 24,012 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 -...

PriteshPalan

BankNifty bounced from the 15m Demand Zone mentioned in the last post, rallying over 200 points from the day's low. However, selling pressure in most BankNifty constituents (except HDFCBANK) closed 406 points down at 52,168.10. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (75m): 51,510 - 51,784 Major...

PriteshPalan

Nifty reached a new All-Time High of 24,236.35 in the opening trade but ended 18 points down at 24,123.85. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (15m): 23,985 - 24,012 Far Support/Demand Zone (15m): 23,716 - 23,743 Near Support/Demand Zone (75m) for Weekly Trade: 23,671 - 23,754 Major Support/Demand...

PriteshPalan

As mentioned in the previous post, BankNifty rebounded from the 75m demand zone and rallied almost 500 points from the day's low. Both the weekly and daily trends (50 SMA) remain positive. Support Levels: Near Support/Demand Zone (15m): 52,015 - 52,114 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance Levels: Near Minor Resistance/Supply Zone: 53,060 - 53,181

PriteshPalan

Nifty maintained its upward momentum on Monday, breaking the small supply/resistance level mentioned in the last post and closing at 24,141.95. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near Small Support/Demand Zone (15m): 23,985 - 24,012 Near Support/Demand Zone (15m): 23,716 - 23,743 Near Support/Demand Zone (75m) for Weekly...

PriteshPalan

BankNifty closed negative for the second consecutive day, losing 469 points on Friday. Despite this, the weekly and daily trends (50 SMA) remain positive, suggesting a potential bounce back from lower demand zones. Support Levels: Near Support/Demand Zone (75m) for Weekly Trade: 52,015 - 52,189 Major Support/Demand Zone (Daily): 51,138 - 51,934 Resistance...

PriteshPalan

Nifty made a new all-time high of 24,174 on Friday but closed 34 points negative due to profit booking. The weekly and daily trends (50 SMA) remain positive. However, the supporting trendline on the 15-minute chart (mentioned in the last post) was broken in the last 30 minutes of trading, indicating potential selling pressure at higher levels in the coming...

PriteshPalan

BankNifty made a new all-time high of 53,180.75 in the first trading hour but did not sustain above 53,000 and closed negative at 52,811.30. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near Support/Demand Zone (15m) for Intraday: 52,463 - 52,557 Near Support/Demand Zone (75m) for Weekly Trade: 52,015 - 52,189 Major Support/Demand Zone...

PriteshPalan

Nifty continued its upward journey and closed above 24,000, making a new all-time high of 24,087.45. Both the weekly and daily trends (50 SMA) are positive. Keep an eye on the supporting trendline in the 15-minute chart; any red candle below the trendline may trigger selling pressure. Support Levels: Near Small Support/Demand Zone (15m): 23,716 - 23,743 Near...

PriteshPalan

BankNifty made a new all-time high of 52,988.30 on the expiry day. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near Support/Demand Zone (15m) for intraday: 52,463 - 52,557 Near Support/Demand Zone (75m) for weekly trade: 52,015 - 52,189 Major Support/Demand Zone (Daily): 51,138 - 51,934 Currently, there is no supply/resistance zone...