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Nifty and Bank Nifty Pre Market Report 28-July-2022 | Trade Setup for Thursday Monthly Expiry 28-July-2022

 Monthly expiry day 28 July 2022 trade setup for Nifty and Bank Nifty. Report generated by Algo.

NIFTY 50

  • Overall trend of NIFTY 50 is upside
  • Sentiment of NIFTY 50 is positive
  • NIFTY 50 may go in sideways
  • NIFTY 50 today's volume is higher compared to previous trading day
  • Closing Price: 16642.45 (158.60)
  • Supply Zone: 16653.45 - 16660.23
  • Demand Zone: 16438.75 - 16496.20
  • Resistances: 16660.23, 16710.90, 16792.92
    Supports: 16496.20, 16445.53, 16363.52

NIFTY BANK

  • Overall trend of NIFTY BANK is upside
  • Sentiment of NIFTY BANK is positive
  • NIFTY BANK may go in sideways
  • NIFTY BANK today's volume is higher compared to previous trading day
  • Closing Price: 36785.10 (376.60)
  • Supply Zone: 36808.30 - 36827.81
  • Demand Zone: 36248.60 - 36400.19
  • Resistances: 36827.81, 36959.89, 37173.70
    Supports: 36400.19, 36268.11, 36054.30

NIFTY PSU BANK

  • Overall trend of NIFTY PSU BANK is upside
  • Sentiment of NIFTY PSU BANK is positive
  • NIFTY PSU BANK may go in sideways
  • NIFTY PSU BANK today's volume is higher compared to previous trading day
  • Closing Price: 2803.30 (51.20)
  • Supply Zone: 2812.15 - 2812.38
  • Demand Zone: 2746.80 - 2762.45
  • Resistances: 2812.38, 2827.80, 2852.77
    Supports: 2762.45, 2747.03, 2722.07

NIFTY IT

  • NIFTY IT is strongly bullish
  • NIFTY IT sentiment positive and trending. Overall direction upside
  • if NIFTY IT breaks above the Supply Zone: 27908.25 - 27920.69, Rally starts. Target 28271.90 and 28556.05
    If NIFTY IT crosses above 28175.17, then it may touch 28441.76
  • Closing Price: 27862.60 (443.75)
  • Supply Zone: 27908.25 - 27920.69
  • Demand Zone: 27339.95 - 27486.51
  • Resistances: 27920.69, 28054.81, 28271.90
    Supports: 27486.51, 27352.39, 27135.30

NIFTY AUTO

  • Overall trend of NIFTY AUTO is downside
  • Sentiment of NIFTY AUTO is positive
  • NIFTY AUTO may trend in one-direction
  • NIFTY AUTO today's volume is higher compared to previous trading day
  • NIFTY AUTO may breakout supply or demand zone depending upon the strength of trend or sentiment.
    Supply Zone: 12340.64 - 12342.55
    Demand Zone: 12204.65 - 12235.29
  • Closing Price: 12316.70 (40.20)
  • Supply Zone: 12340.64 - 12342.55
  • Demand Zone: 12204.65 - 12235.29
  • Resistances: 12340.64, 12373.19, 12425.87
    Supports: 12235.29, 12202.74, 12150.07

NIFTY FMCG

  • Overall trend of NIFTY FMCG is downside
  • Sentiment of NIFTY FMCG is positive
  • NIFTY FMCG may trend in one-direction
  • NIFTY FMCG today's volume is higher compared to previous trading day
  • NIFTY FMCG may breakout supply or demand zone depending upon the strength of trend or sentiment.
    Supply Zone: 42085.30 - 42090.07
    Demand Zone: 41635.65 - 41746.53
  • Closing Price: 42033.95 (234.90)
  • Supply Zone: 42085.30 - 42090.07
  • Demand Zone: 41635.65 - 41746.53
  • Resistances: 42090.07, 42196.18, 42367.95
    Supports: 41746.53, 41640.42, 41468.65

NIFTY METAL

  • Overall trend of NIFTY METAL is upside
  • Sentiment of NIFTY METAL is positive
  • NIFTY METAL may go in sideways
  • NIFTY METAL today's volume is higher compared to previous trading day
  • Closing Price: 5191.50 (38.10)
  • Supply Zone: 5201.70 - 5202.18
  • Demand Zone: 5121.95 - 5141.25
  • Resistances: 5202.18, 5221.00, 5251.47
    Supports: 5141.25, 5122.43, 5091.97

NIFTY MEDIA

  • Overall trend of NIFTY MEDIA is upside
  • Sentiment of NIFTY MEDIA is positive
  • NIFTY MEDIA may go in sideways
  • NIFTY MEDIA today's volume is higher compared to previous trading day
  • Closing Price: 2022.80 (42.95)
  • Supply Zone: 2027.00 - 2028.06
  • Demand Zone: 1976.55 - 1989.51
  • Resistances: 2028.06, 2039.96, 2059.23
    Supports: 1989.51, 1977.61, 1958.33

NIFTY REALTY

  • Overall trend of NIFTY REALTY is upside
  • Sentiment of NIFTY REALTY is positive
  • NIFTY REALTY may go in sideways
  • NIFTY REALTY today's volume is higher compared to previous trading day
  • Closing Price: 436.60 (3.50)
  • Supply Zone: 438.43 - 438.80
  • Demand Zone: 431.40 - 432.77
  • Resistances: 438.43, 440.17, 443.00
    Supports: 432.77, 431.03, 428.20

NIFTY PHARMA

  • Overall trend of NIFTY PHARMA is upside
  • Sentiment of NIFTY PHARMA is positive
  • NIFTY PHARMA may go in sideways
  • NIFTY PHARMA today's volume is higher compared to previous trading day
  • Closing Price: 12634.80 (292.90)
  • Supply Zone: 12647.75 - 12660.27
  • Demand Zone: 12301.85 - 12396.00
  • Resistances: 12660.27, 12741.90, 12874.03
    Supports: 12396.00, 12314.37, 12182.23

Note: This report was auto-generated as per the previous trading-day data. Market may not obey this if there is any global event or unforseen or uncertain news flow.

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.

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