Umang Bhutada

Bank Nifty – 1H Trend: Bullish trend with price consolidating near a major resistance zone. Key Levels: Resistance – 55,500–55,600 Zone / 56,320 Support – 55,175 / 54,588 / 54,214 Price Action: Bank Nifty has witnessed a strong recovery from lower levels and is now trading just below a key supply zone around 55,500–55,600 . Multiple attempts to move higher indicate sustained buying interest, while the recent consolidation suggests market participants are waiting for a decisive breakout. The structure remains constructive as long as the index holds above immediate support levels. Expected Move: A breakout above the 55,500–55,600 resistance zon…

Trend: Strong bullish trend with consolidation near resistance. Key Levels: Resistance – 682 / 700 Support – 647 / 580 Price Action: After a powerful breakout from the 580–600 accumulation zone , HSCL witnessed a strong momentum move towards the 680 resistance area . The stock is currently consolidating just below resistance, indicating healthy profit booking rather than weakness. The ability to sustain above 647 highlights strong buyer participation and keeps the overall structure positive. Expected Move: Sustaining above 647 may lead to another attempt towards 682 . A decisive breakout above 682 can trigger momentum towards the psychologica…

BSE Ltd – 1H Trend: Short-term recovery after a sharp corrective phase Key Levels: Resistance – 4,127 / 4,295 Support – 4,045 / 3,966 / 3,835 (Demand Zone) Price Action: After witnessing a strong correction from the 4,400+ zone, the stock found support near the highlighted 3,835 demand area and has shown a sharp rebound. Price has reclaimed the immediate resistance zone around 4,045 , indicating improving momentum. The recent bounce suggests buyers are defending lower levels aggressively. Expected Move: Sustaining above 4,045 can lead to a move towards 4,127 . A breakout above 4,127 may open the path towards 4,295 . Failure to hold 4,045 coul…

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🔼 Resistance Levels 23,751 (Immediate resistance) 23,861 (Strong resistance zone) 24,164 (Major supply zone) 24,255 (Positional resistance) 🔽 Support Levels 23,596 (Immediate support) 23,400 (Strong demand zone) 23,262 (Major support / breakdown level) 📊 Market Structure Insight: NIFTY has seen a sharp intraday correction from the 24,000+ region and is now attempting a bounce from support. The 23,596 level is the most important short-term support . A move above 23,751 can lead to a recovery towards 23,861 . Sustaining above 23,861 may open the path towards the 24,164 supply zone . A breakdown below 23,596 can drag the index towards 23,400…