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 50is strongly bullishNIFTY 50sentiment positive and trending. Overall direction upside- if
NIFTY 50breaks above the Supply Zone:16947.65 - 16951.43, Rally starts. Target17075.90and17176.60
IfNIFTY 50crosses above17040.37, then it may touch17133.21 - 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 BANKis strongly bullishNIFTY BANKsentiment positive and trending. Overall direction upside- if
NIFTY BANKbreaks above the Supply Zone:37414.40 - 37421.10, Rally starts. Target37659.58and37852.53
IfNIFTY BANKcrosses above37590.40, then it may touch37767.69 - 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 BANKis upside - Sentiment of
NIFTY PSU BANKis negative NIFTY PSU BANKmay trend in one-directionNIFTY PSU BANKtoday's volume is higher compared to previous trading dayNIFTY PSU BANKmay 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 ITis upside - Sentiment of
NIFTY ITis positive NIFTY ITmay go in sidewaysNIFTY ITtoday'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 AUTOis upside - Sentiment of
NIFTY AUTOis positive NIFTY AUTOmay go in sidewaysNIFTY AUTOtoday'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 FMCGis strongly bullishNIFTY FMCGsentiment positive and trending. Overall direction upside- if
NIFTY FMCGbreaks above the Supply Zone:42343.99 - 42348.60, Rally starts. Target42611.22and42827.42
IfNIFTY FMCGcrosses above42509.47, then it may touch42707.72 - 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 METALis strongly bullishNIFTY METALsentiment positive and trending. Overall direction upside- if
NIFTY METALbreaks above the Supply Zone:5316.10 - 5324.10, Rally starts. Target5392.30and5453.95
IfNIFTY METALcrosses above5349.92, then it may touch5407.33 - 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 MEDIAis upside - Sentiment of
NIFTY MEDIAis positive NIFTY MEDIAmay go in sidewaysNIFTY MEDIAtoday'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 REALTYis upside - Sentiment of
NIFTY REALTYis positive NIFTY REALTYmay go in sidewaysNIFTY REALTYtoday'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 PHARMAis strongly bullishNIFTY PHARMAsentiment positive and trending. Overall direction upside- if
NIFTY PHARMAbreaks above the Supply Zone:12682.20 - 12683.87, Rally starts. Target12796.35and12887.35
IfNIFTY PHARMAcrosses above12760.75, then it may touch12844.99 - 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 ENERGYis upside - Sentiment of
NIFTY ENERGYis positive NIFTY ENERGYmay go in sidewaysNIFTY ENERGYtoday'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 CONSUMPTIONis upside - Sentiment of
NIFTY CONSUMPTIONis positive NIFTY CONSUMPTIONmay go in sidewaysNIFTY CONSUMPTIONtoday'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 SERVICEis upside - Sentiment of
NIFTY FIN SERVICEis positive NIFTY FIN SERVICEmay go in sidewaysNIFTY FIN SERVICEtoday'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 VIXis downside - Sentiment of
INDIA VIXis negative INDIA VIXmay go in sidewaysINDIA VIXtoday'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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