NIFTY 50 ANALYSIS
Before continuing to Pre-Market Nifty 50 analysis, please read the Disclaimer at the end.
Pre-Market Nifty 50 index consist of Five 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 Pre-Market Nifty 50 Analysis
As per the Image, Upside (24204-24240) & Downside (24031-24051) Boxes are “No Trade Zones” which means taking trade in that Zones are not advisable.
PRE-MARKET BANK NIFTY ANALYSIS | 02-JULY-2024
Scenarios of Pre-Market Nifty 50 Analysis
Scenario-1
Open as Gap up at 24240 – CE Side
Sustain and Move upside from the point of 24240 and above, then it may hit the above Level of 24346.
Scenario-2
Open as Gap up at 24204 – PE Side
Sustain and Move downside from the point of 24204 and below, then it may hit the below targets (1,2 & 3) up to 24144. Seeking the Put side Trade in all the Levels is advisable since the market is expecting the correction. If the Market cross 24144 on the downside, then we can expect for PE side up to 24051.
Scenario-3
Open as Gap down at 24051
Sustain and Move upside from the point of 24051, then it may hit the above level of 24144 for CE Side. If it breaks the 24144 level, then we can expect more CE Side Trade up to 24204.
Scenario-4
Open as Gap down at 24031
Sustain and Move downside from the point of 24031, then it may hit the below level of 23991 for PE Side. If it breaks the 23991 level, then we can expect more PE Side Trade up to 23905.
Scenario-5
Open as Flat between 24144 & 24123
If the Market is open as Flat between 24144 & 24123, then we can always expect the PE Side up to 24051 due to lot of resistance in upside levels.
Disclaimer
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