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In accordance with our last trading analysis, NIFTY hovered near our initial resistance range of 22620 – 22660. Despite attempting to climb higher, a pullback occurred, and the day concluded near the upper boundary of the previously mentioned resistance zone. Here's our strategy for Tuesday, 9th April: Gap Up Opening: If NIFTY opens with a gap up above 22750, we...

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Reflecting on our previous analysis, BANKNIFTY achieved a new all-time high but couldn't close above the previous high on the daily chart. A spinning top candle formed, indicating a potential reversal. The current consolidation phase spans between 48795 – 48455, with movements above or below signaling potential shifts. Here's our plan for Tuesday, 9th...

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Analysis of INFY suggests a promising buy opportunity following its recent correction phase. After a notable recovery from 1351 to 1733, the stock experienced a corrective ABC wave pattern, consolidating near its support zone. This consolidation, coupled with a 50% retracement of its last swing, indicates a potential completion of the correction phase. With...

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Gap Up Opening: BANKNIFTY's break above the crucial resistance of 47955 suggests a potential for forming a new all-time high. A gap up opening above the previous all-time high could see prices targeting 48795 – 48800 after finding support at 48520 – 48500. Sustained trading above 48850 may lead to further gains towards 49000 – 49156. Conversely, a correction may...

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Gap Up Opening: After consolidating near the retracement resistance at 22523 in the last session, a gap up opening above 22550, sustained, could propel prices to a new high. Anticipate a potential trading range between 22620 – 22660, with targets at 22713-22744. However, failure to hold above 22630 – 22660 and support at 22523 might signal a reversal towards...

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Gap Up Opening (Above 22570): If the market opens with a gap up above 22570, there's a potential for an upward movement towards 22640 - 22667 after finding support around 22550. However, sustained trading above 22680 could propel prices towards 22740 – 22768, with 22640 acting as a crucial support level. Gap Down Opening (Below 22500): In the event of a gap down...

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Gap Up Opening (Above 48200): A gap up opening above 48200, if sustained, may lead to an ascent towards 48289 – 48434, where resistance could be encountered. Short trades could be considered around 48378 with a stop loss at 48434 for targets at 48068 – 47895 – 47846. Gap Down Opening (Below 48000): Initial support might be found near 47595 - 47846 in case of a...

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Gap Up Opening (Above 47758): If BANKNIFTY opens above 47758, it may find support at 47662 before ascending towards levels of 47922 – 48047. However, a breach below 47662 could lead to a downside movement towards 47400 – 47200, especially if support at 47558 fails. Flat Opening: In the scenario of a flat opening around 47662 – 47758, initial support could be seen...

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Gap Up Opening (Above 22500): In case of a gap up opening above 22500, prices are expected to ascend towards the levels of 22547 – 22568, where they may encounter resistance. A breach above this resistance could lead to further gains towards 22600 – 22626. Conversely, breaking below 22547 may prompt a downside movement towards the range of 22500 – 22545. Flat...

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If the NIFTY index opens with a gap up above 22500 and manages to sustain, it may encounter resistance around 22547 – 22568. A breakthrough above this range could potentially drive prices to new highs around 22600 – 22626. Conversely, breaking below the lower range of this resistance zone might trigger profit booking, leading prices down to levels of 22458,...

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A gap up opening above 46650 in the BANKNIFTY index may face resistance at 47758, potentially leading to sideways trading within the range of 47758 – 47662. A breakout above this upper range could push prices towards 47959 and 48200, with a possibility of profit booking above 48000. Conversely, failing to sustain above 47558 may signal short trades targeting...

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Gap-Up Opening: If BANKNIFTY opens above 47700, resistance is expected around 47750-47760, potentially leading to a decline towards 47558 – 47500. Further downside targets include 47382 - 47217. Conversely, sustaining above 47760 could trigger an upward move towards 48000 - 48222 - 48337. Flat Opening: On a flat opening, prices may trend higher towards 47662 –...

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Gap-Up Opening: In the event of a gap-up opening above 22500, sustaining above 22507 could propel prices towards 22551. At this juncture, a short position can be considered targeting levels around 22478-22450. However, if prices persist above 22551, an extension towards 22602 becomes plausible. Flat Opening: Should prices open flat, resistance is anticipated in...

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Gap Up Opening: If BANKNIFTY opens above 47,200, it may trade sideways between 47,219 – 47,339. A breakdown below 47,200 could lead to a decline towards 46,964 – 46,900, suggesting a short trade. Conversely, a breakout above 47,339 and trading beyond 47,350 could push prices higher towards 47,657 – 47,761. Flat Opening: On a flat opening, if prices find support...

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Gap Up Opening: If NIFTY opens above 22,400 and sustains, it may initially trend towards 22,450 – 22,476. However, if it faces rejection and stays above 22,480, there might be resistance near 22,550. A short trade could be considered with a stop loss at 22,603 for a target of 22,350 – 22,344. Alternatively, if prices break and sustain above 22,603, they could...

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Scenario 1: Gap Up Opening at 46900: A gap up opening at 46900 suggests potential sideways movement with support around 46846. A breach below 46800 and sustained trading beneath it may indicate a short opportunity, targeting 46485 – 46400 with a stop loss at 46850. Conversely, sustained trading above 46900, particularly beyond 46980, could lead to an upward...

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Following a trend in the market, we anticipate a subdued or sideways movement as we approach expiry. Scenario 1: Gap Up Opening Above 22200: If prices open with a gap up above 22200, resistance may emerge around 22231. We expect trading to oscillate between 22200 and 22231. Sustained trading above 22231 could propel prices towards 22300-22350. Conversely,...

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Scenario 1: Open above 22100 If NIFTY opens above 22100 and finds support around 22080-22090, expect a sideways movement between 22080 and 22140. A break above 22140 could lead to further upside targets at 22204 and 22231. Conversely, if the support at 22080 is breached, anticipate declines towards 22000, 21965, and 21945. Scenario 2: Flat Opening In case of a...