As we all know, Bank Nifty is highly sensitive and tends to react quickly to news events. Currently, there is ongoing conflict between India and Pakistan, which has caused Bank Nifty to open with consistent gap-downs, followed by rangebound movement for the rest of the day. However, recent developments indicate that Pakistan has realized it cannot continue the...
As we all know, the market is highly sensitive and tends to react quickly to news events. Currently, there is ongoing conflict between India and Pakistan, which has caused the markets to open with consistent gap-downs, followed by rangebound movement for the remainder of the trading session. However, recent developments indicate that Pakistan has realized it...
Market Update: Nifty Outlook Today, amid news of an Indian Army operation, Nifty opened with a significant gap down but swiftly recovered, showing strong upward momentum. Currently, the chart structure indicates the need for a higher low to set the stage for the next leg of the uptrend towards the 24,800–24,900 zone. A flat opening in the next session could...
Market Update: Bank Nifty Outlook Today, following news of an Indian Army operation, Bank Nifty witnessed a significant gap-down opening. However, it quickly recovered and moved upward with strong momentum. Currently, based on the chart structure, we require the formation of a higher low to confirm the next leg of the uptrend toward the 55,690 level. If Bank...
Bank Nifty Technical Outlook: Bank Nifty is currently forming a lower high and higher low pattern, indicating a symmetrical triangle formation. The trading range is getting increasingly narrower, suggesting that a decisive breakout is imminent on either side. Downside Scenario: If Bank Nifty breaks down below 54,200, we could see a retracement towards the 52,930...
Bank Nifty Technical Outlook – 30th April On 30th April, Bank Nifty continued to trade with a higher low, maintaining its recent structure of higher highs and higher lows. This indicates short-term strength; however, caution is warranted. Despite the bullish structure, any adverse geopolitical event—such as developments involving PoK or Pakistan—could act as a...
On 30th April, Nifty traded in a rangebound manner, as reflected in the charts. It took support around the 24,200 level, highlighted in green. Any adverse geopolitical development, such as an incident involving PoK or Pakistan, could trigger a sharp decline, potentially pushing Nifty down to the 23,990 – 23,870 zone. A decisive move on the upside is expected only...
On 30th April, Nifty traded in a rangebound manner, as reflected in the charts. It took support around the 24,200 level, highlighted in green. Any adverse geopolitical development, such as an incident involving POK or Pakistan, could trigger a sharp decline, potentially pushing Nifty down to the 23,990 – 23,870 zone. A decisive move on the upside is expected only...
Gold has established strong support around ₹95,000, indicating a potential bullish reversal. A sustained move above this level could propel prices toward the psychological milestone of ₹1,00,000 in the near term.
Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day. In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day. In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range. #nifty...
Today, Nifty marked an intraday high of 24,570 during the morning session and did not retest or offer any significant retracement thereafter. The index has breached the white support trendline, indicating the potential for further downside towards 24,250 and 24,000 levels. With the market closed on May 1st, Nifty may remain range-bound with a negative bias in the...
Many traders were expecting a market fall — a small correction in Bank Nifty — but as usual, it moved towards Friday’s high. On the chart, strong support is seen around 24,210. If 5530 breaks, a good retracement can be expected. If today’s high is broken, the next level could be around 56100.
Many traders were expecting a market fall — a small correction in Nifty — but as usual, it moved towards Friday’s high. On the chart, strong support is seen around 24,210. If 24,210 breaks, a good retracement can be expected. If today’s high is broken, the next level could be around 24,600.
Nifty towards new ATH or correction mode. Nifty Now, what’s next? If the low of Friday, 25th April is breached, we may witness a deeper correction as indicated on the charts. Traders should stay cautious and closely monitor the price action around key support levels. A sustained break below the recent low could trigger further downside, while holding above it...
Bank Nifty has marked a new all-time high (ATH). Now, what’s next? If the low of Friday, 25th April is breached, we may witness a deeper correction as indicated on the charts. Traders should stay cautious and closely monitor the price action around key support levels. A sustained break below the recent low could trigger further downside, while holding above it...
Monday we can see some gapup opening and then fall till Virgin Magnet level i.e. 40K follow 30 minutes TF for breakout...
Look for short - Best Buy Next week Expiry PE 1st Target --->>> 1st Magnet 2nd Target --->> 2nd Magnet Marking