PRE MARKET ANALYSIS OF NIFTY AND BANK NIFTY FOR 26 JUN 2024

6月25日

26 JUN 2024
WORLD MARKETS
1. World markets are looking neutral to bearish.
INDIA VIX AND GIFT NIFTY
1. India VIX is below 15 indicating bullishness.
2. GIFT NIFTY is indicating a flat opening with 40 points dip @ 23680.
INDEX HEAVY WEIGHTS
1. HDFC Bank is looking bullish. However it may consolidate post 2.3 % up move. 1690 is a good support.
2. ICICI Bank is also looking bullish. It has support at 1196 an1179.
3. Reliance has turned bullish. It has resistance at 2920.
ANALYSIS
1. Indices have turned bullish. India VIX is below 15.
2. Bank Nifty may consolidate after a big move. Nifty need to catch up. So we can see some traction in nifty tomorrow.
TRADING PLAN
1. NIFTY OPEN BETWEEN 23775 -23665: Any dip to 23600 and move above 23650 is a buy.
2.NIFTY OPEN ABOVE 23775: Buy any dip to 23650level.
3.NIFTY OPEN BELOW 23665: Sell any consolidation and move below 23500.
4.BANK NIFTY OPEN BETWEEN 5230 -52880: Any dip to 52300 and move above 52550 is a buy.
5. BANK NIFTY OPEN ABOVE 52880: Any dip to 52550 is a buy.
6.BANK NIFTY OPEN BELOW 52330: Any dip to 5200 and move above 52330 is a buy.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.