PriteshPalan

PriteshPalan

Nifty bounced from the 5m demand zone mentioned in the last post and rallied to a new all-time high of 23,889.90. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near small support/demand zone (15m): 23,716 - 23,743 Near support/demand zone (75m) for weekly trade: 23,671 - 23,754 Major support/demand zone (75m): 23,562 - 23,611 Currently,...

PriteshPalan

BankNifty made a new all-time high of 52,746.50 on Tuesday and closed above the psychological level of 52,000. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near major support/demand zone (75m) for weekly trade: 52,015 - 52,189 Near support/demand zone (15m) for intraday: 52,105 - 52,114 (inside the 75m zone) Currently, there are no...

PriteshPalan

Nifty spent considerable time inside the 30m supply zone mentioned in the last post before breaking out around 12:30 PM and making a new all-time high of 23,754.15. Both the weekly and daily trends (50 SMA) are positive. Support Levels: Near small support/demand zone (5m): 23,675 - 23,689 Major support/demand zone (75m): 23,562 - 23,611 Currently, there is no...

PriteshPalan

BankNifty opened gap-down on Monday, reacted from the 125m demand zone mentioned previously, and closed near the day's high. The weekly trend (50 SMA) is positive, while the daily trend remains sideways. Support Levels: Near support/demand zone (125m) for weekly trades: 50,879 - 51,213 Near support/demand zone (30m) for intraday: 51,161 - 51,357 Far small...

PriteshPalan

Nifty opened gap-down on Monday, reacted from the 15m demand zone mentioned yesterday, and closed near the day's high. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways. Support Levels: Near support/demand zone (15m): 23,430 - 23,469 Far support/demand zone (15m): 23,297 - 23,329 Further support/demand zone (15m): 23,232 -...

PriteshPalan

BankNifty had a very volatile session on Friday and closed down 122 points. The weekly trend (50 SMA) remains positive, while the daily trend is still sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 Far Support/Demand Zone (15m): 50,597 - 50,765 Given that the daily trend is still sideways, taking confirmation entries for long trades in...

PriteshPalan

Nifty reacted from the 30m supply zone during intraday trading on Friday and closed near the day's low. However, it did not close below the crucial level of 23,442 mentioned in the last post. GIFTNIFTY is trading negative as of this post, indicating that we might see a decline in Nifty to 23,369 and below. The weekly trend (50 SMA) remains positive, while the...

PriteshPalan

BankNifty reacted exactly from the 5m supply zone mentioned in yesterday's post. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 (remains the same) Far Small Support/Demand Zone (15m): 50,597 - 50,765 (remains the same) As the daily trend is still sideways, taking...

PriteshPalan

Nifty reacted exactly from the 15m demand zone and the 5m supply zone mentioned yesterday. If Nifty opens flat or gap-down and breaks yesterday's low of 23,442, we might see a fall to 23,369 and below. The weekly trend (50 SMA) is positive, but the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand...

PriteshPalan

BankNifty broke all resistance on the upside and made a new All-Time High of 51,957, closing above the previous ATH of 51,133. The weekly trend (50 SMA) is positive, and the daily trend is sideways. Support Levels: Near Support/Demand Zone (125m): 50,879 - 51,213 Far Small Support/Demand Zone (15m): 50,597 - 50,765 As the daily trend is still sideways, taking...

PriteshPalan

Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,412 - 23,470 Further Down Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,232 - 23,268 ...

PriteshPalan

For the second consecutive day, BankNifty closed above the psychological level of 50,000. The weekly trend (50 SMA) is positive, and the daily trend is sideways. Intraday Support Levels: Near Support/Demand Zone (15m): 50,339 - 50,403 Far Small Support/Demand Zone (15m): 50,186 - 50,266 Far Support/Demand Zone (15m): 49,693 - 49,779 Intraday Resistance...

PriteshPalan

Nifty made a new All Time High of 23,579.05 on Tuesday. The weekly trend (50 SMA) is positive, and the daily trend is sideways. Intraday Support Levels: Near Support/Demand Zone (15m): 23,444 - 23,473 Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,297 - 23,329 Currently, there are no visible supply/resistance zones on the chart.

PriteshPalan

BankNifty closed at the psychological level of 50,000 after testing the near-demand zone mentioned in the previous post. The weekly trend (50 SMA) is positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 49,693 - 49,778 Far Small Support/Demand Zone (15m): 49,225 - 49,451 Far Support Zone (15m): 48,801 - 49,055 (tested...

PriteshPalan

Nifty made a new All-Time High of 23,490.40 on Friday. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,368 Far Support/Demand Zone (15m): 23,297 - 23,329 Far Support/Demand Zone (15m): 23,232 - 23,268 Currently, there's no supply/resistance zone seen on the chart.

PriteshPalan

BankNifty opened with a gap-up at 50,179 yesterday, landing inside the 15m supply zone (50,129 - 50,227) mentioned previously. This caused selling pressure, leading to a close at almost the day's low of 49,846.70. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m Tested): 49,728 - 49,860...

PriteshPalan

Nifty broke the intraday supply zone (15m) yesterday, making a new all-time high of 23,480.95, marking the Open=High for the day. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 23,232 - 23,268 Far Support/Demand Zone (15m): 23,037 - 23,078 Far Support/Demand Zone (125m): 22,642 -...

PriteshPalan

BankNifty broke the intraday supply zone (15m) yesterday, reaching a high of 50,233. However, due to selling pressure from the major resistance zone (Daily) mentioned in earlier posts, it could not sustain and close above the 50,000 mark. BankNifty closed near the 15m demand/support zone created yesterday. If this support holds, we might see fresh buying in...