Hellow guys, Welcome to my website, and you are watching Trade setup: NIFTY50 reaches record peak, sees profit-booking: What comes next? | Bank NIFTY. and this vIdeo is uploaded by Upstox at 2024-07-04T19:00:10-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Trade setup: NIFTY50 reaches record peak, sees profit-booking: What comes next? | Bank NIFTY |
| Video Uploader | Video From Upstox |
| Upload Date | This Video Uploaded At 05-07-2024 02:00:10 |
| Video Discription | For those looking to enhance their investing and trading skills, Upstox has a special offer for you. Subscribe to Uplearn for just ₹999 and get unlimited access to our webinars and courses for 3 months. Click here: https://upstox.com/uplearn/subscription/?utm_source=social&utm_medium=youtube&utm_campaign=Upstox_ytcontent Good morning! Let’s take a look at the analysis of NIFTY and BANK NIFTY. NIFTY opened with a gap-up due to positive global cues but failed to maintain its initial gains, remaining range bound on its weekly expiry day. On the 15-minute chart, our previous trade setup was accurate. The index respected the 24,200 level and expired above it. Now, let’s analyse the daily chart post-expiry. Today, the index formed a doji candle, indicating indecision at higher levels. Even if today’s close is below the doji, traders should not plan aggressive shorts yet. As long as the index trades and closes above 24,172, the previous week’s high, it will remain strong. Even if it closes below this high, the index has multiple supports at lower levels, likely resulting in sideways movement. The open interest for 11 July is scattered, indicating rangebound activity with significant call and put bases at the 24,300 strike. The highest call base is at 24,500, and the put base is at 24,000, aligning with the expectation of rangebound trading. BANK NIFTY also had a positive start but faced resistance near its previous all-time high due to profit booking in HDFC Bank, affecting the index's momentum. Let's review the daily chart structure. The index is currently facing resistance around its previous all-time high near 53,100. Despite two attempts, it hasn’t closed above this level. The immediate support for the index is around the 52,000 level. The index is broadly consolidating within this range, and directional clues will emerge upon breaking this range. Traders should plan their trades based on these levels. The open interest for 10 July is concentrated at the 53,000 strike, with maximum call and put OI at this level, indicating rangebound activity. ### Hashtags: #NIFTY, #BANKNIFTY, #MarketAnalysis, #TradingSetup, #StockMarket, #NIFTYExpiry, #TechnicalAnalysis, #InvestmentTips, #TradingStrategy, #DailyMarketReview, #StockTrading, #FinancialMarkets, #Volatility, #StockAnalysis, #ExpertInsights, #MarketTrends, 💜watching our videos? We love making them for you! Leave a comment and tell us what you would like to see next👇 📹Share & subscribe to our Hindi/English YouTube channel for daily updates 🔔 https://youtube.com/@UpstoxOfficial/Subscribe 📹Share & subscribe to our Tamil YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTamil 📹Share & subscribe to our Telegu YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxTelugu 📹Share & subscribe to our Kannada YouTube channel for daily updates 🔔 https://www.youtube.com/@UpstoxKannada ----------------------------------------------------------------------------------------- About Upstox: 💑Trusted and loved by 1 crore+ Indians, Upstox brings everything you need for trading and investing on a single platform. Whether you’re looking to invest in Stocks, ETFs, Mutual Funds, SGBs, T-Bills, Bonds, IPOs or you’re looking to start trading in Equities, Options, Futures, Currencies and Commodities, Upstox has it all! 🙌Backed by Mr. Ratan Tata and Tiger Global - Upstox aims to help every Indian confidently UP their wealth. From our mobile app (which btw is India’s highest rated trading app on Playstore) you can learn, discover, analyse, invest and trade. 🤝Wish to join our family? Download our app now👇 iOS users https://apps.apple.com/in/app/upstox-new-stocks-ipo-mf/id1584953620 Android users: https://play.google.com/store/apps/details?id=in.upstox.app&hl=en_IN&gl=US And click here to open an Upstox Demat & Trading account with just a PAN, Aadhaar, eKYC: https://uptx.to/open-demat-account ----------------------------------------------------------------------------------------- 📖Want to UPskill? Register for our investing and trading workshops by industry experts for free: https://uptx.to/uplearn-yt-aug23 💬Got questions on your mind? Connect with like-minded traders, ask questions and discuss any doubts - our subject matter experts will resolve them in no time. Join the Upstox Community for free: https://uptx.to/community-yt-aug23 💸Want to know how much you’ll earn from your investments? Calculate returns, brokerage charges, margin and more https://upstox.com/calculator/ 💜Show us some love on Social Media and get regular updates on the market: 1) Subscribe to our Telegram community here: https://uptx.to/Telegram-Oct-Community 2) Follow us on Instagram here: https://uptx.to/Instagram-Oct 3) Follow us on Twitter here: https://uptx.to/Twitter-Oct 4) Follow us on LinkedIn here: https://uptx.to/LinkedIn-Oct |
| Category | News & Politics |
| Tags | #Upstox | #Hindi | #India | #Investment | #Trading | #DematAccount | #NIFTY | #BANKNIFTY | #MarketAnalysis | #TradingSetup | #StockMarket | #NIFTYExpiry | #TechnicalAnalysis | #InvestmentTips | #TradingStrategy | #DailyMarketReview | #StockTrading | #FinancialMarkets | #Volatility | #StockAnalysis | #ExpertInsights | #MarketTrends |
