PriteshPalan

PriteshPalan

On Monday, BankNifty opened negative, made a high of 53738.90, and fell to a low of 53335 during the session. It closed almost flat at 53581.35, losing just 2 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive. Demand/Support Zones Near Demand/Support Zone (75m): 52264.55 - 52665.15 Far Demand/Support Zone...

PriteshPalan

On Monday, Nifty opened negative, made an initial high of 24781.25 but slipped to a low of 24601.75 during the session. It closed at 24668.25, losing 100 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) continues to be positive. Demand/Support Zones Near Demand/Support Zone (15m): 24180.80 - 24342.50 Near...

PriteshPalan

On Friday, BankNifty opened on a negative note, slipping to a low of 52264.55. However, it staged a robust recovery, reaching a high of 53654, and closed strong at 53583.80, gaining 367 points over the previous close. Both the Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remain positive, reflecting sustained bullish momentum. Demand/Support Zones Near...

PriteshPalan

On Friday, Nifty opened on a negative note, dropping to a low of 24180.80, entering the Daily Demand Zone. However, it staged an impressive recovery, reaching a high of 24792.30, testing the 15m Supply Zone, and closed strong at 24768.30, up 219 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) is positive,...

PriteshPalan Updated 

On Thursday, Nifty opened negative, attempting a recovery with a high of 24675.25, but succumbed to selling pressure, hitting a low of 24527.95. It closed at 24548.70, losing 93 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (30m): 24330.20 -...

PriteshPalan

On Thursday, BankNifty opened negative, briefly climbing to a high of 53537.45 before sliding to a low of 53174.40. It closed at 53216.45, down 175 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating underlying strength. Demand/Support Zones Near Demand/Support Zone (125m): 52563.20 - 52780.90 Far...

PriteshPalan

On Wednesday, BankNifty opened negative and traded in a volatile range. It touched a low of 53302.15 before recovering to a high of 53648.05, ultimately closing at 53392.25, losing 185 points over the previous close. The Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive. Demand/Support Zones Near Demand/Support Zone (125m): 52563.20 - 52780.90 Far...

PriteshPalan

On Tuesday, BankNifty opened slightly positive but experienced a volatile trading session. It dipped to a low of 53302.65, then rallied in the final session to hit a high of 53624.05. It closed at 53577.70, marking a gain of 170 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, signalling continued bullish...

PriteshPalan

On Tuesday, Nifty opened on a slightly positive note, bulls took over during the first hour, reaching a high of 24677.80. However, it couldn’t sustain the momentum and dropped to a day low of 24510.65. A late-session recovery saw it close at 24610.05, losing just 9 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend...

PriteshPalan

On Monday, BankNifty opened on a negative note, hitting a low of 53326.40 before rallying to a high of 53779.10. However, it couldn’t surpass Friday's high, facing resistance once again from the Weekly Supply Zone. It closed at 53407.75, losing 101 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, indicating a bullish...

PriteshPalan

On Monday, Nifty opened on a negative note, fluctuating within a narrow range yet again. It marked a high of 24705 and a low of 24580.05, before closing at 24619, losing 58 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, suggesting potential for upward momentum. Demand/Support Zones Near Demand/Support Zone...

PriteshPalan

On Friday, BankNifty exhibited volatility, touching a low of 53160.65 before rallying to a high of 53868.50. It eventually closed at 53509.50, down by 94 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive. Demand/Support Zones Near Demand/Support Zone (15m): 52850.35 - 53038.60 Near Demand/Support Zone (75m):...

PriteshPalan

On Friday, Nifty traded within a narrow range, reflecting cautious market sentiment. It made a high of 24751.05 and a low of 24620.50, ultimately closing at 24677.80, down by 30 points. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays positive, signalling underlying strength. Demand/Support Zones Near Demand/Support Zone (15m):...

PriteshPalan

On Thursday, Nifty opened positively but saw early selling pressure, dropping to a day low of 24295.55, precisely taking support at the 30m Demand Zone highlighted earlier. A strong rally followed, pushing it to a day high of 24857.75, entering the Daily and Weekly Supply Zones. It closed at 24708.40, gaining an impressive 241 points over the previous close. The...

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On Wednesday, BankNifty opened with a positive bias, hitting a low of 52685.15 before rallying to a high of 53387.10, breaking above the Daily supply zone. It closed at 53266.90, gaining 571 points from the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) has turned positive, suggesting an upward momentum. Demand/Support...

PriteshPalan

On Wednesday, Nifty opened on a positive note, reaching a high of 24573.20, breaking above the 75m supply zone and testing the Weekly supply zone. However, selling pressure pushed it to a low of 24366.30. Nifty eventually closed at 24467.45, gaining 10 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways,...

PriteshPalan

On Tuesday, BankNifty opened gap-up, hit a low of 52216.85, and rallied to a day high of 52780.90, testing the 15m supply zone. It closed at 52695.75, gaining 586 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, signaling a neutral bias. Demand/Support Zones Near Demand/Support Zone (30m): 52045.55 -...

PriteshPalan

On Tuesday, Nifty opened positive, touched a low of 24280, and rallied to a day high of 24481.35, entering the 75m supply zone. It closed at 24457.15, gaining 181 points from the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain sideways, indicating a neutral bias in the short term. Demand/Support Zones Near Demand/Support Zone (30m):...