PriteshPalan

PriteshPalan

🔄 Quick Recap since the last update (21.03.2025): BankNifty rallied to a high of 52,063.95 on 25th March, piercing through the earlier mentioned Weekly Supply Zone by 84 points. But the bullish momentum was short-lived. Following Trump’s tariff announcement, BankNifty plunged sharply, dropping over 2,800 points to hit a low of 49,156.95 on 7th April. 🌍 Global...

PriteshPalan

🔄 Recap since last update (21.03.2025): Nifty rallied to a high of 23,869.60 on 25th March, right into the Weekly Supply Zone highlighted earlier — and then the storm hit. Triggered by Trump’s tariff announcements, Nifty crashed over 2,000 points in just 8 sessions, bottoming out at 21,743.65 on 7th April. 🌍 Global markets have since remained highly volatile....

PriteshPalan

🔎 Market Recap: On Thursday, BankNifty opened gap-up, dipped to a low of 49,771.65, and then rallied to a high of 50,155.30, penetrating deep into the Daily Supply Zone (49,703.10 - 50,641.75). It closed at 50,062.85, gaining 360 points over the previous close. 📉 Trend Analysis: Weekly Trend (50 SMA): Turned sideways from negative, but confirmation depends on...

PriteshPalan

🔎 Market Recap: On Thursday, Nifty opened gap-up, dipped to a low of 22,973.95, and surged to a high of 23,216.70, entering the 125m Supply Zone (23,144.05 - 23,235.50). It closed strong at 23,190.65, gaining 283 points from the previous close. 📉 Trend Analysis: Weekly Trend (50 SMA): Negative Daily Trend (50 SMA): Sideways 📉 Demand/Support Zones: Near...

PriteshPalan

Market Recap: On Wednesday, BankNifty opened gap-up, dipped to a low of 49,324.80, and then rallied to a high of 49,807.55, entering both the 75m & Daily Supply Zones. It closed flat at 49,702.60, gaining 388 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support...

PriteshPalan

Market Recap: On Wednesday, Nifty opened gap-up, dipped to a low of 22,807.95, and then rallied to a high of 22,940.70, entering the 75m Supply Zone (22,915.30 - 23,049.95). It closed at 22,907.60, gaining 73 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support...

PriteshPalan

Thursday’s session saw BankNifty opening with a gap-up, hitting a high of 48,352.45, but failing to sustain, dropping to a low of 48,006.10 by the end of the day. It closed flat at 48,060.40, gaining just 3.75 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain negative. Demand/Support Zones Near Support: Around 47,850 (Multiple...

PriteshPalan

Thursday’s session saw Nifty opening with a gap-up, touching a high of 22,558.05, but it couldn’t sustain the momentum and dropped to a low of 22,377.35 by the end of the day. It closed at 22,397.20, losing 73 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain negative. Demand/Support Zones Near Minor Demand/Support Zone (15m):...

PriteshPalan

Tuesday’s session saw Nifty opening gap-down due to negative global cues, hitting a low of 22,314.70 before gradually recovering to a high of 22,522.10 by the end of the day. It closed at 22,497.90, gaining 37 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned negative from oversold...

PriteshPalan

Monday’s session saw BankNifty opening with a gap-up, hitting a high of 48,574.70, but it couldn’t hold and dropped to a low of 47,841.30. However, it recovered slightly and closed at 48,114.30, losing 230 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain negative. Demand/Support Zones Near Support: Around 47,850...

PriteshPalan

Monday’s session started on a positive note with a gap-up, as Nifty touched a high of 22,261.55 but failed to sustain and dropped to 22,004.70. It later recovered slightly, closing at 22,119.30, losing just 5 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is now in oversold territory. Demand/Support...

PriteshPalan

Monday’s session started with a gap-down of 350 points at 48,628.80. Made day low of 48,281.90, entered the 125m Demand Zone (47,981.35 - 48,319.20), where it found support and rebounded to day high of 48,748.40. It closed at 48,651.95, losing 329 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) stays...

PriteshPalan

Monday’s session saw Nifty opening with a massive gap-down of over 185 points at 22,609.35, attempting a minor recovery to 22,668.05, but eventually slipping to a low of 22,518.80. It closed at 22,553.35, losing 242 points from the previous close. Both the Weekly (50 SMA) and Daily Trend (50 SMA) are now negative, signaling weak market sentiment. Demand/Support...

PriteshPalan

Wednesday’s session saw BankNifty opening gap-down, hitting a low of 48,804 before staging a strong rally to 49,509.75. It later dipped to 49,281, but rebounded again to close at 49,570.10, gaining 483 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, signaling mixed sentiment. Demand/Support...

PriteshPalan

Wednesday’s session saw Nifty opening gap-down, touching a low of 22,814.85, before staging a sharp recovery to 23,049.95. However, selling pressure kicked in at higher levels, leading to a close at 22,932.90, down 12 points from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting market indecision. Demand/Support Zones Near...

PriteshPalan

Friday’s session saw BankNifty opening positive, but it failed to hold gains. After touching a high of 49,592.95, it witnessed a sharp decline to 48,719.75 before recovering slightly. It finally closed at 49,099.45, losing 260 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, indicating...

PriteshPalan

Friday’s session saw Nifty opening with a gap-up, but it failed to sustain the momentum. After hitting a high of 23,133.70, it reversed sharply, making a low of 22,774.85, testing the Daily Demand Zone (22,642.60 - 22,910.15) for the third time. A partial recovery followed, but Nifty still closed at 22,929.25, losing 102 points from the previous close. The Weekly...

PriteshPalan

Tuesday’s session saw BankNifty opening negative, making a high of 49,949.75 before experiencing a sharp decline to 49,177.40, entering the 125m Demand Zone (48,906.05 - 49,373.45). It closed at 49,403.40, losing 577 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) stays sideways, indicating ongoing market...