Trade Setup for Wednesday 27-July-2022 | Nifty and Bank Nifty Pre Market Report 27-July-2022

 Wednesday 27 July 2022, algo generated premarket report for nifty and bank nifty

NIFTY 50

• NIFTY 50 is strongly bearish
• if NIFTY 50 colapses below the Demand Zone: 16461.74 - 16463.30, Falling starts. Target 16420.96 and 16354.95
  If NIFTY 50 crosses below 16388.81, then it may touch 16310.83
• Closing Price: 16483.85 (-147.15)
• Supply Zone: 16593.76 - 16636.10
• Demand Zone: 16461.74 - 16463.30
• Resistances: 16593.76, 16634.54, 16700.55
  Supports: 16461.74, 16420.96, 16354.95

NIFTY BANK

• NIFTY BANK is strongly bearish
• if NIFTY BANK colapses below the Demand Zone: 36334.10 - 36341.30, Falling starts. Target 36255.95 and 36117.80
  If NIFTY BANK crosses below 36209.59, then it may touch 36046.11
• Closing Price: 36408.50 (-317.90)
• Supply Zone: 36617.60 - 36695.75
• Demand Zone: 36334.10 - 36341.30
• Resistances: 36617.60, 36702.95, 36841.10
  Supports: 36341.30, 36255.95, 36117.80

NIFTY PSU BANK

• NIFTY PSU BANK is strongly bearish
• if NIFTY PSU BANK colapses below the Demand Zone: 2745.80 - 2746.17, Falling starts. Target 2737.78 and 2724.20
  If NIFTY PSU BANK crosses below 2732.55, then it may touch 2716.47
• Closing Price: 2752.10 (-19.15)
• Supply Zone: 2773.33 - 2781.35
• Demand Zone: 2745.80 - 2746.17
• Resistances: 2773.33, 2781.72, 2795.30
  Supports: 2746.17, 2737.78, 2724.20

NIFTY IT

• Overall trend of NIFTY IT is downside
• Sentiment of NIFTY IT is negative
• NIFTY IT may go in sideways
• NIFTY IT today's volume is higher compared to previous trading day
• Closing Price: 27418.85 (-797.15)
• Supply Zone: 27948.93 - 28157.50
• Demand Zone: 27357.94 - 27383.95
• Resistances: 27948.93, 28131.49, 28426.98
  Supports: 27357.94, 27175.38, 26879.88

NIFTY AUTO

• NIFTY AUTO is strongly bearish
• if NIFTY AUTO colapses below the Demand Zone: 12258.72 - 12262.05, Falling starts. Target 12219.24 and 12155.33
  If NIFTY AUTO crosses below 12184.49, then it may touch 12109.00
• Closing Price: 12276.50 (-147.20)
• Supply Zone: 12386.54 - 12429.35
• Demand Zone: 12258.72 - 12262.05
• Resistances: 12386.54, 12426.02, 12489.93
  Supports: 12258.72, 12219.24, 12155.33

NIFTY FMCG

• NIFTY FMCG is strongly bearish
• if NIFTY FMCG colapses below the Demand Zone: 41712.50 - 41718.95, Falling starts. Target 41551.74 and 41291.52
  If NIFTY FMCG crosses below 41424.39, then it may touch 41116.54
• Closing Price: 41799.05 (-587.90)
• Supply Zone: 42232.94 - 42400.15
• Demand Zone: 41712.50 - 41718.95
• Resistances: 42232.94, 42393.70, 42653.92
  Supports: 41712.50, 41551.74, 41291.52

NIFTY METAL

• Overall trend of NIFTY METAL is upside
• Sentiment of NIFTY METAL is negative
• NIFTY METAL may trend in one-direction
• NIFTY METAL today's volume is higher compared to previous trading day
• NIFTY METAL may breakout supply or demand zone depending upon the strength of trend or sentiment.
  Supply Zone: 5188.87 - 5201.55
  Demand Zone: 5132.35 - 5136.00
• Closing Price: 5153.40 (-15.15)
• Supply Zone: 5188.87 - 5201.55
• Demand Zone: 5132.35 - 5136.00
• Resistances: 5188.87, 5205.20, 5231.63
  Supports: 5136.00, 5119.67, 5093.23

NIFTY MEDIA

• Overall trend of NIFTY MEDIA is upside
• Sentiment of NIFTY MEDIA is negative
• NIFTY MEDIA may trend in one-direction
• NIFTY MEDIA today's volume is higher compared to previous trading day
• NIFTY MEDIA may breakout supply or demand zone depending upon the strength of trend or sentiment.
  Supply Zone: 1997.34 - 2002.95
  Demand Zone: 1960.05 - 1964.56
• Closing Price: 1979.85 (16.95)
• Supply Zone: 1997.34 - 2002.95
• Demand Zone: 1960.05 - 1964.56
• Resistances: 1997.34, 2007.46, 2023.85
  Supports: 1964.56, 1954.44, 1938.05

NIFTY REALTY

• NIFTY REALTY is strongly bearish
• if NIFTY REALTY colapses below the Demand Zone: 430.65 - 431.08, Falling starts. Target 429.22 and 426.20
  If NIFTY REALTY crosses below 428.76, then it may touch 425.16
• Closing Price: 433.10 (-4.40)
• Supply Zone: 437.12 - 438.55
• Demand Zone: 430.65 - 431.08
• Resistances: 437.12, 438.98, 442.00
  Supports: 431.08, 429.22, 426.20

NIFTY PHARMA

• NIFTY PHARMA is strongly bearish
• if NIFTY PHARMA colapses below the Demand Zone: 12321.69 - 12325.00, Falling starts. Target 12278.31 and 12208.10
  If NIFTY PHARMA crosses below 12240.81, then it may touch 12157.85
• Closing Price: 12341.90 (-146.90)
• Supply Zone: 12462.11 - 12508.80
• Demand Zone: 12321.69 - 12325.00
• Resistances: 12462.11, 12505.49, 12575.70
  Supports: 12321.69, 12278.31, 12208.10

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.

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