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NIFTY and BANKNIFTY Key Levels 12 August 2022 | Market Sentiment Analysis 12-August-2022

Watch the video to know the key levels of nifty and bank nifty to trade on 12-August-2022. The video also analysis the market sentiment of each indices and then the trade setup on Indices for 12-August-2022.

 

NIFTY 50

  • NIFTY 50 shown strong bearish reversal.
  • NIFTY 50 sentiment turned strongly negative. Uptrend changes.
  • if NIFTY 50 falls below 17631.95 - 17636.72, Falling starts. Targets 17582.73 and 17539.06
    If NIFTY 50 crosses below 17610.96, then it may touch 17571.52.
  • Previous Close: 17659.00 (124.25)
  • Sellers Zone: 17703.45 - 17719.30
  • Buyers Zone: 17631.95 - 17636.72
  • Resistances: 17703.45, 17724.07, 17757.43
  • Supports: 17636.72, 17616.10, 17582.73

NIFTY BANK

  • NIFTY BANK sentiment sideways to positive. Uptrend continues.
  • NIFTY BANK should cross above 38928.47 - 38932.10 for next targets 38995.30 and 39103.48.
  • Previous Close: 38879.85 (592.00)
  • Sellers Zone: 38928.47 - 38932.10
  • Buyers Zone: 38648.90 - 38712.10
  • Resistances: 38928.47, 38995.30, 39103.48
  • Supports: 38712.10, 38645.27, 38537.08

INDIA VIX

  • INDIA VIX sentiment sideways to negative. Downtrend continues.
  • INDIA VIX should cross below 18.19 - 18.20 for next targets. 17.86 and 17.33.
  • Previous Close: 18.36 (-1.23)
  • Sellers Zone: 19.25 - 19.59
  • Buyers Zone: 18.19 - 18.20
  • Resistances: 19.25, 19.58, 20.11
  • Supports: 18.19, 17.86, 17.33

NIFTY PSU BANK

  • NIFTY PSU BANK sentiment sideways to positive. Uptrend continues.
  • NIFTY PSU BANK should cross above 2885.37 - 2888.25 for next targets 2899.83 and 2923.25.
  • Previous Close: 2870.65 (66.85)
  • Sellers Zone: 2885.37 - 2888.25
  • Buyers Zone: 2826.95 - 2838.53
  • Resistances: 2885.37, 2899.83, 2923.25
  • Supports: 2838.53, 2824.07, 2800.65

NIFTY IT

  • NIFTY IT is strongly bullish
  • NIFTY IT sentiment strongly positive. Uptrend continues
  • if NIFTY IT breaks above the 30352.49 - 30388.90, Rally starts. Targets 30547.13 and 30704.61
    If NIFTY IT crosses above 30406.92, then it may touch 30550.32
  • Previous Close: 30233.70 (532.55)
  • Sellers Zone: 30352.49 - 30388.90
  • Buyers Zone: 30073.95 - 30111.87
  • Resistances: 30352.49, 30426.82, 30547.13
  • Supports: 30111.87, 30037.54, 29917.23

NIFTY AUTO

  • NIFTY AUTO shown mild bearish reversal.
  • NIFTY AUTO sentiment may turn sideways to negative. Uptrend may change.
  • NIFTY AUTO should stay below 12960.27 for the confirmation of the trend change.
  • NIFTY AUTO should cross below 12859.90 - 12869.56 for the targets 12813.52 and 12722.82.
  • Previous Close: 12923.55 (-28.10)
  • Sellers Zone: 13050.97 - 13097.35
  • Buyers Zone: 12859.90 - 12869.56
  • Resistances: 13050.97, 13107.01, 13197.72
  • Supports: 12869.56, 12813.52, 12722.82

NIFTY FMCG

  • NIFTY FMCG sentiment sideways to negative. Downtrend continues.
  • NIFTY FMCG should cross below 42377.59 - 42382.70 for next targets. 42197.95 and 41907.17.
  • Previous Close: 42478.50 (-343.10)
  • Sellers Zone: 42959.15 - 43143.90
  • Buyers Zone: 42377.59 - 42382.70
  • Resistances: 42959.15, 43138.79, 43429.57
  • Supports: 42377.59, 42197.95, 41907.17

NIFTY METAL

  • NIFTY METAL shown strong bearish reversal.
  • NIFTY METAL sentiment turned strongly negative. Uptrend changes.
  • if NIFTY METAL falls below 5739.85 - 5742.79, Falling starts. Targets 5699.65 and 5664.75
    If NIFTY METAL crosses below 5720.46, then it may touch 5688.82.
  • Previous Close: 5758.85 (-0.75)
  • Sellers Zone: 5796.11 - 5809.65
  • Buyers Zone: 5739.85 - 5742.79
  • Resistances: 5796.11, 5812.59, 5839.25
  • Supports: 5742.79, 5726.31, 5699.65

NIFTY MEDIA

  • NIFTY MEDIA sentiment sideways to negative. Downtrend continues.
  • NIFTY MEDIA should cross below 2066.72 - 2067.00 for next targets. 2056.40 and 2039.68.
  • Previous Close: 2072.55 (-20.40)
  • Sellers Zone: 2100.15 - 2110.75
  • Buyers Zone: 2066.72 - 2067.00
  • Resistances: 2100.15, 2110.47, 2127.18
  • Supports: 2066.72, 2056.40, 2039.68

NIFTY REALTY

  • NIFTY REALTY is strongly bullish
  • NIFTY REALTY sentiment strongly positive. Uptrend continues
  • if NIFTY REALTY breaks above the 441.40 - 441.60, Rally starts. Targets 443.90 and 445.93
    If NIFTY REALTY crosses above 442.63, then it may touch 444.48
  • Previous Close: 440.40 (5.60)
  • Sellers Zone: 441.40 - 441.60
  • Buyers Zone: 437.55 - 438.30
  • Resistances: 441.40, 442.35, 443.90
  • Supports: 438.30, 437.35, 435.80

NIFTY PHARMA

  • NIFTY PHARMA is strongly bullish
  • NIFTY PHARMA sentiment strongly positive. Uptrend continues
  • if NIFTY PHARMA breaks above the 13030.75 - 13033.75, Rally starts. Targets 13075.47 and 13111.64
    If NIFTY PHARMA crosses above 13053.99, then it may touch 13086.84
  • Previous Close: 13014.20 (63.50)
  • Sellers Zone: 13030.75 - 13033.75
  • Buyers Zone: 12961.40 - 12975.48
  • Resistances: 13030.75, 13047.83, 13075.47
  • Supports: 12975.48, 12958.40, 12930.77

NIFTY ENERGY

  • NIFTY ENERGY shown mild bearish reversal.
  • NIFTY ENERGY sentiment may turn sideways to negative. Uptrend may change.
  • NIFTY ENERGY should stay below 26702.28 for the confirmation of the trend change.
  • NIFTY ENERGY should cross below 26583.35 - 26595.93 for the targets 26530.23 and 26423.88.
  • Previous Close: 26661.75 (-3.00)
  • Sellers Zone: 26808.63 - 26861.75
  • Buyers Zone: 26583.35 - 26595.93
  • Resistances: 26808.63, 26874.33, 26980.68
  • Supports: 26595.93, 26530.23, 26423.88

NIFTY CONSUMPTION

  • NIFTY CONSUMPTION shown mild bearish reversal.
  • NIFTY CONSUMPTION sentiment may turn sideways to negative. Uptrend may change.
  • NIFTY CONSUMPTION should stay below 7701.72 for the confirmation of the trend change.
  • NIFTY CONSUMPTION should cross below 7662.40 - 7665.66 for the targets 7643.38 and 7607.32.
  • Previous Close: 7685.95 (-7.65)
  • Sellers Zone: 7737.78 - 7756.80
  • Buyers Zone: 7662.40 - 7665.66
  • Resistances: 7737.78, 7760.06, 7796.12
  • Supports: 7665.66, 7643.38, 7607.32

NIFTY FIN SERVICE

  • NIFTY FIN SERVICE sentiment sideways to positive. Uptrend continues.
  • NIFTY FIN SERVICE should cross above 17998.29 - 17998.50 for next targets 18031.38 and 18084.93.
  • Previous Close: 17977.40 (278.30)
  • Sellers Zone: 17998.29 - 17998.50
  • Buyers Zone: 17858.30 - 17891.18
  • Resistances: 17998.29, 18031.38, 18084.93
  • Supports: 17891.18, 17858.09, 17804.53

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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