PriteshPalan

PriteshPalan

On Thursday, BankNifty displayed strong momentum. After an early drop to a low of 52850.35, it surged during the final trading hours to a high of 53888.30, touching the Weekly Supply Zone. It closed at 53603.55, marking a gain of 336 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is firmly positive,...

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On Monday, BankNifty opened flat, dipped to a low of 51693.95 (breaking below the key 51750 support), and rallied to a day high of 52197.25. It closed at 52109, gaining 53 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) continue to remain sideways, reflecting range-bound momentum. Demand/Support Zones Near Demand/Support...

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On Monday, Nifty opened flat, made a low of 24008.65, and rallied to a day high of 24301.70, entering the 125m supply zone. It closed at 24276.05, gaining 145 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating range-bound movement. Demand/Support Zones Near Demand/Support Zone (5m): 24008.65 -...

PriteshPalan

On Friday, BankNifty opened on a positive note, making a high of 52170.90 and a low of 51759.45, closing strong at 52055.60, up 148 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a lack of clear directional momentum. For the past five days, BankNifty has held support at 51750. A break below this...

PriteshPalan

On Friday, Nifty opened on a positive note, making an open = low of 23927.15, and rallied to a high of 24188.45, closing strong at 24131.10 with a gain of 217 points. After filling the gap and testing the 15m demand zone (23856.15 - 23940.30) on Thursday, Nifty rebounded 315 points from the previous low. On the Monthly Chart, Nifty formed a bearish candle for...

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On Wednesday, BankNifty started on a weak note but quickly recovered. It made a low of 52019.65 before rallying to a high of 52444.35. It closed at 52301.80, gaining 110 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, reflecting a range-bound market. The index is currently trading within a critical supply...

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On Wednesday, Nifty opened flat and traded within a narrow range. It touched a low of 24145.65 and a high of 24354.55, eventually closing at 24274.90, up by 80 points from the previous close. For the past three days, Nifty has been consolidating in the 24100 - 24350 range, signalling indecision. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain...

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On Tuesday, BankNifty opened with a gap-up at 52555.50, which was also the day's high, breaking above the supply zone. However, it couldn’t sustain the momentum and dropped to a low of 51999.75, closing at 52191.50, down by 16 points from the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways. The Demand & Supply Zones are...

PriteshPalan

On Tuesday, Nifty opened with a gap-up at 24343.30, which also marked the day's high. However, the momentum did not sustain, leading to a low of 24125.40, before closing at 24194.50, down by 27 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is also sideways. The Demand & Supply Zones remain unchanged...

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On Monday, BankNifty opened with a huge gap-up of 910 points, breaking the 75m Supply Zone and entering the Daily Supply Zone highlighted earlier. It made a low of 51774.05 and a high of 52331.10 before closing at 52207.50, gaining an impressive 1072 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has...

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On Monday, Nifty opened with a massive gap-up of 346 points, breaking through the 75m and Daily Supply Zones. It touched a high of 24351.55 and a low of 24135.45 before closing at 24221.90, gaining 314 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has shifted from Negative to Sideways, signalling...

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On Friday, BankNifty opened with a gap-up, hitting a low of 50508.25 during the first 15 minutes and rallying to a high of 51271.50, breaking both the 30m and 75m Supply Zones mentioned earlier. It closed at 51135.40, gaining an impressive 762 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is...

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On Friday, Nifty opened with a gap-up, hitting a low of 23359 in the first 15 minutes before a strong bull rally pushed it to a high of 23956.10, breaking the 15m Supply Zone and entering the 30m Supply Zone highlighted in the previous analysis. It closed at 23907.25, gaining an impressive 557 points over the previous close. The Weekly Trend (50 SMA) remains...

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On Thursday, BankNifty opened flat, reaching a high of 50,652.15 before falling to a day low of 49,787.10 in the first 30 minutes, once again testing the Daily Demand Zone (49,654.65 - 49,959.25). It managed to recover slightly, closing at 50,372.90, down by 253 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50...

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On Thursday, Nifty opened on a negative note, reaching a high of 23,507.30 before tumbling to a day low of 23,263.15 within the first 30 minutes, breaking the Daily Demand Zone support at 23,350. It closed at 23,349.90, down by 168 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be...

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On Tuesday, BankNifty opened gap-up, broke the 15m resistance zone, and rallied to a high of 50,983.50, meeting the anticipated resistance range of 50,725 - 51,000. However, during the last trading hour, it gave up all its gains and hit a day low of 50,440.85, eventually closing at 50,626.50, up by 262 points from the previous close. The Weekly Trend (50 SMA)...

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On Tuesday, Nifty opened gap-up and rallied to a high of 23,780.65 (gaining 262 points over the previous close). However, during the last hour of trading, it lost all its gains and touched a low of 23,464.80, eventually closing at 23,518.50, with a modest gain of 64 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still...

PriteshPalan Updated 

On Monday, BankNifty opened with a gap up, made a low of 50,074, and climbed to a high of 50,445.80 before closing at 50,363.80, gaining 184 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. If BankNifty continues to hold the Daily Demand Zone support, we might witness bullish momentum in the...