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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.

Download the PDF document here https://t.me/pickmystox/11

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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