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Nifty and Bank Nifty Trade Setup for Friday 29-July-2022 | Pre Market Report 29-July-2022

Friday 28, July 2022 outlook of nifty and bank nifty levels and sentiment report generated by algo. Please read carefully and plan your trade on nifty and bank nifty accordingly.


NIFTY 50

  • NIFTY 50 is strongly bullish
  • NIFTY 50 sentiment positive and trending. Overall direction upside
  • if NIFTY 50 breaks above the Supply Zone: 16947.65 - 16951.43, Rally starts. Target 17075.90 and 17176.60
    If NIFTY 50 crosses above 17040.37, then it may touch 17133.21
  • Closing Price: 16929.60 (287.80)
  • Supply Zone: 16947.65 - 16951.43
  • Demand Zone: 16746.25 - 16797.57
  • Resistances: 16951.43, 16998.97, 17075.90
    Supports: 16797.57, 16750.03, 16673.10

NIFTY BANK

  • NIFTY BANK is strongly bullish
  • NIFTY BANK sentiment positive and trending. Overall direction upside
  • if NIFTY BANK breaks above the Supply Zone: 37414.40 - 37421.10, Rally starts. Target 37659.58 and 37852.53
    If NIFTY BANK crosses above 37590.40, then it may touch 37767.69
  • Closing Price: 37378.15 (594.40)
  • Supply Zone: 37414.40 - 37421.10
  • Demand Zone: 37028.50 - 37126.27
  • Resistances: 37421.10, 37512.17, 37659.58
    Supports: 37126.27, 37035.20, 36887.78

NIFTY PSU BANK

  • Overall trend of NIFTY PSU BANK is upside
  • Sentiment of NIFTY PSU BANK is negative
  • NIFTY PSU BANK may trend in one-direction
  • NIFTY PSU BANK today's volume is higher compared to previous trading day
  • NIFTY PSU BANK may breakout supply or demand zone depending upon the strength of trend or sentiment.
  • Closing Price: 2818.05 (10.65)
  • Supply Zone: 2841.10 - 2849.35
  • Demand Zone: 2804.40 - 2806.76
  • Resistances: 2841.10, 2851.71, 2868.88
    Supports: 2806.76, 2796.15, 2778.98

NIFTY IT

  • Overall trend of NIFTY IT is upside
  • Sentiment of NIFTY IT is positive
  • NIFTY IT may go in sideways
  • NIFTY IT today's volume is higher compared to previous trading day
  • Closing Price: 28663.05 (784.25)
  • Supply Zone: 28703.40 - 28715.89
  • Demand Zone: 28170.45 - 28308.71
  • Resistances: 28715.89, 28841.66, 29045.25
    Supports: 28308.71, 28182.94, 27979.35

NIFTY AUTO

  • Overall trend of NIFTY AUTO is upside
  • Sentiment of NIFTY AUTO is positive
  • NIFTY AUTO may go in sideways
  • NIFTY AUTO today's volume is higher compared to previous trading day
  • Closing Price: 12383.70 (57.35)
  • Supply Zone: 12415.01 - 12417.60
  • Demand Zone: 12238.70 - 12278.33
  • Resistances: 12415.01, 12457.23, 12525.57
    Supports: 12278.33, 12236.11, 12167.77

NIFTY FMCG

  • NIFTY FMCG is strongly bullish
  • NIFTY FMCG sentiment positive and trending. Overall direction upside
  • if NIFTY FMCG breaks above the Supply Zone: 42343.99 - 42348.60, Rally starts. Target 42611.22 and 42827.42
    If NIFTY FMCG crosses above 42509.47, then it may touch 42707.72
  • Closing Price: 42271.65 (235.35)
  • Supply Zone: 42343.99 - 42348.60
  • Demand Zone: 41916.20 - 42013.64
  • Resistances: 42343.99, 42446.04, 42611.22
    Supports: 42013.64, 41911.59, 41746.42

NIFTY METAL

  • NIFTY METAL is strongly bullish
  • NIFTY METAL sentiment positive and trending. Overall direction upside
  • if NIFTY METAL breaks above the Supply Zone: 5316.10 - 5324.10, Rally starts. Target 5392.30 and 5453.95
    If NIFTY METAL crosses above 5349.92, then it may touch 5407.33
  • Closing Price: 5282.10 (88.45)
  • Supply Zone: 5316.10 - 5324.10
  • Demand Zone: 5200.80 - 5221.90
  • Resistances: 5316.10, 5345.20, 5392.30
    Supports: 5221.90, 5192.80, 5145.70

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: 2049.85 (27.95)
  • Supply Zone: 2052.75 - 2053.63
  • Demand Zone: 2014.80 - 2024.64
  • Resistances: 2053.63, 2062.59, 2077.08
    Supports: 2024.64, 2015.68, 2001.18

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: 446.80 (9.05)
  • Supply Zone: 448.28 - 448.40
  • Demand Zone: 439.90 - 441.79
  • Resistances: 448.28, 450.29, 453.53
    Supports: 441.79, 439.78, 436.53

NIFTY PHARMA

  • NIFTY PHARMA is strongly bullish
  • NIFTY PHARMA sentiment positive and trending. Overall direction upside
  • if NIFTY PHARMA breaks above the Supply Zone: 12682.20 - 12683.87, Rally starts. Target 12796.35 and 12887.35
    If NIFTY PHARMA crosses above 12760.75, then it may touch 12844.99
  • Closing Price: 12660.65 (31.70)
  • Supply Zone: 12682.20 - 12683.87
  • Demand Zone: 12500.20 - 12544.83
  • Resistances: 12683.87, 12726.83, 12796.35
    Supports: 12544.83, 12501.87, 12432.35

NIFTY ENERGY

  • Overall trend of NIFTY ENERGY is upside
  • Sentiment of NIFTY ENERGY is positive
  • NIFTY ENERGY may go in sideways
  • NIFTY ENERGY today's volume is higher compared to previous trading day
  • Closing Price: 25555.55 (276.90)
  • Supply Zone: 25595.65 - 25596.55
  • Demand Zone: 25302.50 - 25372.58
  • Resistances: 25596.55, 25665.73, 25777.72
    Supports: 25372.58, 25303.40, 25191.42

NIFTY CONSUMPTION

  • Overall trend of NIFTY CONSUMPTION is upside
  • Sentiment of NIFTY CONSUMPTION is positive
  • NIFTY CONSUMPTION may go in sideways
  • NIFTY CONSUMPTION today's volume is higher compared to previous trading day
  • Closing Price: 7423.05 (62.70)
  • Supply Zone: 7429.60 - 7431.01
  • Demand Zone: 7355.75 - 7374.59
  • Resistances: 7431.01, 7448.44, 7476.65
    Supports: 7374.59, 7357.16, 7328.95

NIFTY FIN SERVICE

  • Overall trend of NIFTY FIN SERVICE is upside
  • Sentiment of NIFTY FIN SERVICE is positive
  • NIFTY FIN SERVICE may go in sideways
  • NIFTY FIN SERVICE today's volume is higher compared to previous trading day
  • Closing Price: 17280.00 (399.70)
  • Supply Zone: 17310.40 - 17315.46
  • Demand Zone: 16998.25 - 17076.98
  • Resistances: 17315.46, 17389.13, 17508.37
    Supports: 17076.98, 17003.31, 16884.07

INDIA VIX

  • Overall trend of INDIA VIX is downside
  • Sentiment of INDIA VIX is negative
  • INDIA VIX may go in sideways
  • INDIA VIX today's volume is higher compared to previous trading day
  • Closing Price: 17.01 (-1.12)
  • Supply Zone: 17.82 - 18.13
  • Demand Zone: 16.83 - 16.84
  • Resistances: 17.82, 18.12, 18.62
    Supports: 16.83, 16.53, 16.04

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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