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 50shown strong bearish reversal.NIFTY 50sentiment turned strongly negative. Uptrend changes.- if
NIFTY 50falls below17631.95 - 17636.72, Falling starts. Targets17582.73and17539.06
IfNIFTY 50crosses below17610.96, then it may touch17571.52. - 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 BANKsentiment sideways to positive. Uptrend continues.NIFTY BANKshould cross above38928.47 - 38932.10for next targets38995.30and39103.48.- 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 VIXsentiment sideways to negative. Downtrend continues.INDIA VIXshould cross below18.19 - 18.20for next targets.17.86and17.33.- 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 BANKsentiment sideways to positive. Uptrend continues.NIFTY PSU BANKshould cross above2885.37 - 2888.25for next targets2899.83and2923.25.- 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 ITis strongly bullishNIFTY ITsentiment strongly positive. Uptrend continues- if
NIFTY ITbreaks above the30352.49 - 30388.90, Rally starts. Targets30547.13and30704.61
IfNIFTY ITcrosses above30406.92, then it may touch30550.32 - 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 AUTOshown mild bearish reversal.NIFTY AUTOsentiment may turn sideways to negative. Uptrend may change.NIFTY AUTOshould stay below12960.27for the confirmation of the trend change.NIFTY AUTOshould cross below12859.90 - 12869.56for the targets12813.52and12722.82.- 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 FMCGsentiment sideways to negative. Downtrend continues.NIFTY FMCGshould cross below42377.59 - 42382.70for next targets.42197.95and41907.17.- 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 METALshown strong bearish reversal.NIFTY METALsentiment turned strongly negative. Uptrend changes.- if
NIFTY METALfalls below5739.85 - 5742.79, Falling starts. Targets5699.65and5664.75
IfNIFTY METALcrosses below5720.46, then it may touch5688.82. - 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 MEDIAsentiment sideways to negative. Downtrend continues.NIFTY MEDIAshould cross below2066.72 - 2067.00for next targets.2056.40and2039.68.- 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 REALTYis strongly bullishNIFTY REALTYsentiment strongly positive. Uptrend continues- if
NIFTY REALTYbreaks above the441.40 - 441.60, Rally starts. Targets443.90and445.93
IfNIFTY REALTYcrosses above442.63, then it may touch444.48 - 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 PHARMAis strongly bullishNIFTY PHARMAsentiment strongly positive. Uptrend continues- if
NIFTY PHARMAbreaks above the13030.75 - 13033.75, Rally starts. Targets13075.47and13111.64
IfNIFTY PHARMAcrosses above13053.99, then it may touch13086.84 - 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 ENERGYshown mild bearish reversal.NIFTY ENERGYsentiment may turn sideways to negative. Uptrend may change.NIFTY ENERGYshould stay below26702.28for the confirmation of the trend change.NIFTY ENERGYshould cross below26583.35 - 26595.93for the targets26530.23and26423.88.- 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 CONSUMPTIONshown mild bearish reversal.NIFTY CONSUMPTIONsentiment may turn sideways to negative. Uptrend may change.NIFTY CONSUMPTIONshould stay below7701.72for the confirmation of the trend change.NIFTY CONSUMPTIONshould cross below7662.40 - 7665.66for the targets7643.38and7607.32.- 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 SERVICEsentiment sideways to positive. Uptrend continues.NIFTY FIN SERVICEshould cross above17998.29 - 17998.50for next targets18031.38and18084.93.- 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.
Comments
Post a Comment