PriteshPalan

PriteshPalan

On Monday, Nifty opened slightly negative and saw a sharp decline of nearly 500 points, reaching a low of 23,816.15 before closing at 23,995.35, down by 309 points from the previous close. With the Weekly Trend (50 SMA) sideways and the Daily Trend (50 SMA) negative, Nifty has broken below its weekly demand zone, indicating potential further downside. Any rise...

PriteshPalan

On Friday, BankNifty opened with a gap up, breaking through near 5m and 15m supply zones to reach a high of 51,825.50 before closing at 51,673.90, up by 198 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. Demand/Support Zones Near Minor Demand/Support (5m): 51,158.65 - 51,233.50 Near Demand/Support (15m): 50,382.10 -...

PriteshPalan

On Friday, Nifty opened with a gap up, landing in the 15m Supply Zone, hitting a high of 24,368.25 before dropping to a low of 24,280.20. It closed at 24,304.35, gaining 99 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand/Support Zones Near Demand/Support (15m): 24,073.90 -...

PriteshPalan

✨ Happy Diwali and Auspicious Muhurat Trading! ✨ On Thursday, BankNifty opened flat to negative and, despite an initial high of 52,005.60, faced selling pressure in banking stocks, dropping nearly 700 points to a low of 51,318.10. It found some support at the 15m demand zone, closing at 51,475.35, down 332 points from the previous close. The Weekly Trend (50 SMA)...

PriteshPalan

✨ Happy Diwali and Prosperous Muhurat Trading! ✨ On Thursday, Nifty opened almost flat but faced selling pressure, hitting a low of 24,172.60 before closing at 24,205.35, down by 135 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is Negative. Larger time frame demand and supply zones (75m, Daily, Weekly)...

PriteshPalan

On Wednesday, BankNifty opened with a gap down, reaching a high of 52,220 before dipping to a low of 51,733. After attempting to hold the 15m demand zone, BankNifty couldn’t sustain, closing at 51,807.50 with a 513-point loss. Both the Weekly and Daily Trends (50 SMA) are currently sideways. Demand/Support Zones: Near Minor Demand/Support Zone (15m): 51,376.60 -...

PriteshPalan

On Wednesday, Nifty opened with a gap down, with bulls attempting a recovery to a high of 24,498.20 before dropping to a low of 24,307.30. It closed at 24,340.85, shedding 126 points from the previous close. The Weekly Trend (50 SMA) is still sideways, while the Daily Trend remains negative. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 -...

PriteshPalan

On Tuesday, BankNifty opened with a gap up and rallied to a high of 52,354.85, breaking the tested 75m Supply Zone and entering the Daily Supply Zone. It closed strong at 52,320.70, gaining a remarkable 1,061 points over the previous close. Weekly Trend (50 SMA) remains sideways, as does the Daily Trend. Demand/Support Zones: Near Demand/Support Zone (15m):...

PriteshPalan

On Tuesday, Nifty opened flat, dipping to a low of 24,140.85 before rallying over 340 points to a high of 24,484.50. It closed strong at 24,466.85, gaining 127 points over the previous close. Weekly Trend (50 SMA) is sideways, while the Daily Trend remains negative. Key demand and supply zones are unchanged. Demand/Support Zones: Near Demand/Support Zone...

PriteshPalan

On Monday, BankNifty opened with a gap up, reaching a high of 51,589.15, testing the 75m Supply Zone mentioned in the previous post. Selling pressure from this supply zone caused it to drop nearly 400 points, closing at 51,259.30, still up 471 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain sideways. The demand and supply zones are...

PriteshPalan

On Monday, Nifty opened with a gap up, reaching a low of 24,134.90 and a high of 24,492.60 before closing at 24,339.15, up 158 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is still negative. Demand and supply zones stay unchanged. Demand/Support Zones: Near Demand/Support Zone (Weekly): 23,893.70 -...

PriteshPalan

On Friday, BankNifty opened flat to slightly negative and faced intense selling pressure, dropping to a low of 50,382.10 before closing at 50,787.45, down 743 points. The Weekly Trend (50 SMA) shifted sideways from positive, while the Daily Trend (50 SMA) remains sideways. As anticipated, once the critical 51,000 level broke, BankNifty slid an additional 600...

PriteshPalan

On Friday, Nifty opened slightly positive but faced heavy selling pressure, hitting a low of 24,073.90 before closing at 24,180.80, down 218 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is negative. Nifty dipped deep into the weekly demand zone (23,893.70 - 24,419.75), even breaching the daily demand...

PriteshPalan

On Thursday, BankNifty opened on a positive note, hit a low of 51,201.85 and climbed to a high of 51,781.55 before closing at 51,531.15, gaining 292 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) is sideways. BankNifty Demand/Support Zones: Near Demand/Support Zone (Daily): 49,654.65 - 49,959.25 Far...

PriteshPalan

On Thursday, Nifty opened flat, made a high of 24,480.65 and a low of 24,341.20 within the first hour of trading. The rest of the session saw Nifty move in a narrow range of 60-70 points, closing at 24,399.40, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, while the Daily Trend (50 SMA) remains negative. The key Demand and Supply...

PriteshPalan

On Wednesday, BankNifty opened with a 139-point gap down, making a low of 51,107.90. It bounced back, reaching a high of 51,551.55 (almost hitting the 15m Supply Zone) but couldn't sustain and closed at 51,239, losing 18 points from the previous close. BankNifty has closed inside the 125m Demand Zone for the second consecutive day. If the 51,000 level holds, we...

PriteshPalan

On Wednesday, Nifty opened with a 93-point gap down, making a low of 24,378.10, which touched the weekly Demand Zone. It briefly bounced back to a high of 24,604.25 but couldn’t sustain the momentum, closing at 24,435.50, down 36 points from the previous close. The Weekly Trend (50 SMA) is sideways, and the Daily Trend (50 SMA) remains negative. Nifty...

PriteshPalan

On Tuesday, BankNifty opened 108 points higher, hit a high of 52,257.30, and then dropped over 1,050 points, reaching a low of 51,179.60. It closed at 51,257.15, losing 705 points from the previous session. BankNifty is currently within the 125m Demand Zone mentioned in the previous post. If the crucial 51,000 level holds, we might see a bounce back from this...