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The Bank Nifty ended the week at 54,114.55, gaining +0.86%.
Key Levels for the Upcoming Week
Price Action Pivot Zone:
54,000 to 54,231 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
Support Levels
S1: 53,648
S2: 53,181
S3: 52,656
Resistance Levels
R1: 54,582
R2: 55,050
R3: 55,615
[b...
The Nifty 50 ended the week at 24,741.00, gaining +1.29%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
24,663 to 24,820 – This is the critical zone to watch. A decisive move beyond either side may dictate next week’s trend.
🔻 Support Levels
S1: 24,425
S2: 24,109
S3: 23,873
🔺 Resistance Levels
R1: 25,058
R2: 25,374
R3: 25,594
📈 Market...
Trading Idea
Entry: On retracement or sustain above 3114, ideally scale in near 3070–3114 if retest occurs.
Trigger Level: Add or pyramid position above 3207 for further momentum.
Target Zones: 3295 (initial), 3661 (extended)
Key Point to be keep in mind before trade:
Doji candle after long bearish trend signals potential reversal
18-day consolidation...
Step-by-Step Approach
1. Analyze Structure First
Check for market structure: Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL).
Only proceed if price action aligns with your desired trade direction.
2. Use Demand Zone for Buys
Watch for entries near 142,181.45 and 140,138.35 (Fibonacci 0.236–0.186, Daily Support).
Enter long...
A logical buying idea for Canara Bank, based on this chart, would be to consider entries near the fair value gap (demand spot) and discounted price regions, with clear stop-loss and target plans.
Suggested Buying Plan
Entry Zone
Buy Between: 106.30–107.00 INR
This area is marked as the “Fair value gap (Demand Spot)” and overlaps with the recent bullish move...
The Bank Nifty ended the week at 53,655.65, slipping -2.71%.
🔹 Key Levels for the Upcoming Week
📌 Price Action Pivot Zone:
53,540 to 53,772 – This blue-shaded range is the key area to watch. A breakout on either side could decide next week’s trend direction.
🔻 Support Levels
S1: 53,191
S2: 52,726
S3: 52,319
🔺 Resistance Levels (From Chart):
R1: 54,121
R2:...