Nifty and Bank Nifty Trade Setup for Monday 01-August-2022 | Algo Generated Pre Market Report 01-August-2022
Monday 01, August 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 strongly positive. Upside trend continues- if
NIFTY 50breaks above the17172.80 - 17175.48, Rally starts. Targets17271.05and17348.38
IfNIFTY 50crosses above17243.31, then it may touch17314.17 - Closing Price:
17158.25 (228.65) - Supply Zone:
17172.80 - 17175.48 - Demand Zone:
17018.15 - 17057.32 - Resistances:
17175.48,17211.97,17271.05 - Supports:
17057.32,17020.83,16961.75
NIFTY BANK
NIFTY BANKis strongly bullishNIFTY BANKsentiment strongly positive. Upside trend continues- if
NIFTY BANKbreaks above the37692.86 - 37754.65, Rally starts. Targets38022.57and38289.32
IfNIFTY BANKcrosses above37784.83, then it may touch38028.77 - Closing Price:
37491.40 (113.25) - Supply Zone:
37692.86 - 37754.65 - Demand Zone:
37221.15 - 37285.27 - Resistances:
37692.86,37818.77,38022.57 - Supports:
37285.27,37159.36,36955.57
NIFTY PSU BANK
NIFTY PSU BANKsentiment negative and downside trend continues.NIFTY PSU BANKshould cross below2777.66 - 2778.25for next targets.2763.99and2741.85.- Closing Price:
2784.95 (-33.10) - Supply Zone:
2821.94 - 2836.20 - Demand Zone:
2777.66 - 2778.25 - Resistances:
2821.94,2835.61,2857.75 - Supports:
2777.66,2763.99,2741.85
NIFTY IT
NIFTY ITis strongly bullishNIFTY ITsentiment strongly positive. Upside trend continues- if
NIFTY ITbreaks above the29309.13 - 29355.00, Rally starts. Targets29584.67and29807.59
IfNIFTY ITcrosses above29397.52, then it may touch29601.90 - Closing Price:
29152.30 (489.25) - Supply Zone:
29309.13 - 29355.00 - Demand Zone:
28909.15 - 28968.50 - Resistances:
29309.13,29414.35,29584.67 - Supports:
28968.50,28863.28,28692.97
NIFTY AUTO
NIFTY AUTOshown strong bearish reversal.NIFTY AUTOsentiment turned strongly negative. Upside trend changes.- if
NIFTY AUTOcolapses below12474.15 - 12486.78, Falling starts. Targets12354.87and12461.59
IfNIFTY AUTOcrosses below12425.80, then it may touch12328.57. - Closing Price:
12543.20 (159.50) - Supply Zone:
12649.85 - 12687.60 - Demand Zone:
12474.15 - 12486.78 - Resistances:
12649.85,12700.23,12781.77 - Supports:
12486.78,12436.40,12354.87
NIFTY FMCG
NIFTY FMCGis strongly bullishNIFTY FMCGsentiment strongly positive. Upside trend continues- if
NIFTY FMCGbreaks above the42573.12 - 42584.75, Rally starts. Targets42837.53and43051.46
IfNIFTY FMCGcrosses above42722.72, then it may touch42918.60 - Closing Price:
42487.40 (215.75) - Supply Zone:
42573.12 - 42584.75 - Demand Zone:
42156.90 - 42246.24 - Resistances:
42573.12,42674.09,42837.53 - Supports:
42246.24,42145.27,41981.83
NIFTY METAL
NIFTY METALsentiment positive and upside trend continues.NIFTY METALshould cross above5515.66 - 5517.45for next targets5558.13and5626.87.- Closing Price:
5485.80 (203.70) - Supply Zone:
5515.66 - 5517.45 - Demand Zone:
5337.50 - 5378.18 - Resistances:
5515.66,5558.13,5626.87 - Supports:
5378.18,5335.71,5266.97
NIFTY MEDIA
NIFTY MEDIAis strongly bullishNIFTY MEDIAsentiment strongly positive. Upside trend continues- if
NIFTY MEDIAbreaks above the2088.36 - 2090.70, Rally starts. Targets2107.92and2123.74
IfNIFTY MEDIAcrosses above2096.46, then it may touch2111.01 - Closing Price:
2079.05 (29.20) - Supply Zone:
2088.36 - 2090.70 - Demand Zone:
2059.05 - 2064.18 - Resistances:
2088.36,2095.83,2107.92 - Supports:
2064.18,2056.71,2044.62
NIFTY REALTY
NIFTY REALTYshown strong bearish reversal.NIFTY REALTYsentiment turned strongly negative. Upside trend changes.- if
NIFTY REALTYcolapses below448.40 - 448.94, Falling starts. Targets444.98and448.18
IfNIFTY REALTYcrosses below447.43, then it may touch444.51. - Closing Price:
450.95 (4.15) - Supply Zone:
453.83 - 454.80 - Demand Zone:
448.40 - 448.94 - Resistances:
453.83,455.34,457.78 - Supports:
448.94,447.43,444.98
NIFTY PHARMA
NIFTY PHARMAsentiment positive and upside trend continues.NIFTY PHARMAshould cross above12830.86 - 12835.45for next targets12903.82and13021.92.- Closing Price:
12776.55 (115.90) - Supply Zone:
12830.86 - 12835.45 - Demand Zone:
12526.30 - 12594.67 - Resistances:
12830.86,12903.82,13021.92 - Supports:
12594.67,12521.71,12403.62
INDIA VIX
INDIA VIXsentiment negative and downside trend continues.INDIA VIXshould cross below16.40 - 16.49for next targets.15.90and15.07.- Closing Price:
16.55 (-0.46) - Supply Zone:
18.06 - 18.65 - Demand Zone:
16.40 - 16.49 - Resistances:
18.06,18.56,19.39 - Supports:
16.40,15.90,15.07
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.
Comments
Post a Comment