BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST πΆβΊοΈπ
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Dis. I am not a SEBI registered analysist. All ideas, opinionsΒ and/or Forecasts are for the informational purposes only. Any investment made in light on these ideas, opinions and/or forecasts expressed herein are committed at your own risk. βοΈ9821639494
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NIFTY View (1 July | 12:05 PM)
π Trend: Sideways with mild recovery
π Support: 25,520
π Resistance: 25,560 / 25,580
π RSI: 53.31 β Neutral
π Next Move: If Nifty holds above VWAP (25,546.81), up move likely
β οΈ Break below VWAP = Weakness toward 25,500β25,480
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π― Short-Term Strategy:
Buy above 25,560 | Sell below 25,520 with tight stop loss
Setup
Screen
Index
Everything flavour of downside
But clean move on index not coming
Today avoid banks
Banks will down
Nifty IT will update
Defence sector
BIG day for Indigenous Defence OEMs as Brazil shows interest in multiple platforms like Akash Air Defence System, Garuda Artillery Guns and Coastal surveillance systems
πΉ NIFTY View
π Trend: Mild bearish under VWAP
π Support: 25,540
π Resistance: 25,585 / 25,600
π RSI: 44.74 β Weak, below 50
π Next Move: Sustaining below VWAP = Pressure continues
β οΈ Break below 25,540 = May test 25,500 zone
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π Short-Term Strategy
Buy above 25,585 | Sell below 25,540 with tight stop loss
Canada is removing its *βdigital service taxβ* on tech companies to restart trade talks with the US.
This comes just days after President Trump canceled trade talks with Canada due to this tax.
*Good morning*
The more you learn about trading with an edge, the less trades you will take
