NIFTY 50 ANALYSIS
Before continuing to Nifty 50 analysis the Market, please read the Disclaimer at the end.
Tomorrow Nifty 50 index consist of three scenarios, and those are mentioned below. And moreover, Market is already All time High. So, expecting the correction in the Market. Call side Trade is not advisable.
Please Review the Box’s and Levels carefully before Trading.
NO TRADE ZONES at Nifty 50 Analysis
As per the Image, Upside (24109-24136) & Downside (23905-23944) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
PRE-MARKET BANK NIFTY ANALYSIS | 01-JULY-2024
Scenarios of Nifty 50 Analysis
Scenario-1
Open as Gap up at 24136 – CE Side
Sustain and Move upside from the point of 24136 and above, then it may hit the above Levels. Seeking the Call side Trade in all the above Levels is not advisable since the market is expecting the correction.
Scenario-2
Open as Gap Down at 23905 – PE Side
Sustain and Move downside from the point of 23905 and below, then it may hit the below levels up to 23560. Seeking the Put side Trade in all the Levels is advisable since the market is expecting the correction. If the Market cross 23905 on the upside, then we can expect for sideways in the Market.
Scenario-3
Open as Flat – Between 24047 & 23984
If the market is open between 24047 & 23984, then market will become sideways between these two levels and always it will tend to go for PE side direction with some small green candles.
NIFTY 50 ANALYSIS-28 JUNE-2024
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