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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 50 is strongly bullish
  • NIFTY 50 sentiment strongly positive. Upside trend continues
  • if NIFTY 50 breaks above the 17172.80 - 17175.48, Rally starts. Targets 17271.05 and 17348.38
    If NIFTY 50 crosses above 17243.31, then it may touch 17314.17
  • 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 BANK is strongly bullish
  • NIFTY BANK sentiment strongly positive. Upside trend continues
  • if NIFTY BANK breaks above the 37692.86 - 37754.65, Rally starts. Targets 38022.57 and 38289.32
    If NIFTY BANK crosses above 37784.83, then it may touch 38028.77
  • 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 BANK sentiment negative and downside trend continues.
  • NIFTY PSU BANK should cross below 2777.66 - 2778.25 for next targets. 2763.99 and 2741.85.
  • 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 IT is strongly bullish
  • NIFTY IT sentiment strongly positive. Upside trend continues
  • if NIFTY IT breaks above the 29309.13 - 29355.00, Rally starts. Targets 29584.67 and 29807.59
    If NIFTY IT crosses above 29397.52, then it may touch 29601.90
  • 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 AUTO shown strong bearish reversal.
  • NIFTY AUTO sentiment turned strongly negative. Upside trend changes.
  • if NIFTY AUTO colapses below 12474.15 - 12486.78, Falling starts. Targets 12354.87 and 12461.59
    If NIFTY AUTO crosses below 12425.80, then it may touch 12328.57.
  • 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 FMCG is strongly bullish
  • NIFTY FMCG sentiment strongly positive. Upside trend continues
  • if NIFTY FMCG breaks above the 42573.12 - 42584.75, Rally starts. Targets 42837.53 and 43051.46
    If NIFTY FMCG crosses above 42722.72, then it may touch 42918.60
  • 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 METAL sentiment positive and upside trend continues.
  • NIFTY METAL should cross above 5515.66 - 5517.45 for next targets 5558.13 and 5626.87.
  • 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 MEDIA is strongly bullish
  • NIFTY MEDIA sentiment strongly positive. Upside trend continues
  • if NIFTY MEDIA breaks above the 2088.36 - 2090.70, Rally starts. Targets 2107.92 and 2123.74
    If NIFTY MEDIA crosses above 2096.46, then it may touch 2111.01
  • 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 REALTY shown strong bearish reversal.
  • NIFTY REALTY sentiment turned strongly negative. Upside trend changes.
  • if NIFTY REALTY colapses below 448.40 - 448.94, Falling starts. Targets 444.98 and 448.18
    If NIFTY REALTY crosses below 447.43, then it may touch 444.51.
  • 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 PHARMA sentiment positive and upside trend continues.
  • NIFTY PHARMA should cross above 12830.86 - 12835.45 for next targets 12903.82 and 13021.92.
  • 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 VIX sentiment negative and downside trend continues.
  • INDIA VIX should cross below 16.40 - 16.49 for next targets. 15.90 and 15.07.
  • 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.

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