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Viral News Stock Radar: Eicher Motors, Niva Bupa, Cipla, Zomato, Nykaa, Varun Beverages, Vodafone Idea, NALCO in focus on Thursday Jefferies hikes Sunteck Realty target post stellar Q2 show, sees over 40% potential upside Brokerage Radar: Alkem Lab gets target upgrades, Nomura upgrades Eicher Motors to 'Neutral' Vodafone Idea shares will be in focus as net loss narrows in Q2, ARPU rises to Rs 166 Grasim Industries stock in focus ahead of Q2 results; double-digit growth seen in profit, revenue Swiggy delivers sizzling debut: Shares surge 19% on Day 1, market cap soars to Rs 1.04 lakh crore Patel Engineering shares surge 6% on strong Q2, debt reduction CESC shares dip 4% after mixed Q2 earnings, Kotak sticks to 'Sell' Kalpataru Projects shares fall 4% amid market weakness despite bagging projects worth Rs 2,273 crore Hyundai Motor India plans to become a global production hub as demand rises Nazara Tech shares gain on tie-up with ONDC to launch in-game monetisation Ramco Cements shares slide over 3% as Q2 earnings disappoint

Swiggy delivers sizzling debut: Shares surge 19% on Day 1, market cap soars to Rs 1.04 lakh crore

S.l

23550pe 70 Stop loss 45 Trade your own Risk

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In the last 10 years, Nifty has decisively dropped below the 200 EMA only 9 times ✅ - 21 Aug 2015 - 26 May 2016 (9 months, 6 days) - 9 Nov 2016 - 9 Jan 2017 (2 months) - 19 Mar 2018 - 2 Apr 2018 (14 days) - 4 Oct 2018 - 22 Feb 2019 (4 months, 19 days) - 24 July 2019 - 9 Oct 2019 (2 months, 16 days) - 26 Feb 2020 - 2 July 2020 (4 months, 5 days) - 24 Feb 2022 - 16 Mar 2022 (21 days) - 4 May 2022 - 27 July 2022 (2 months, 23 days) - 10 Mar 2023 - 5 Apr 2023 (25 days) Today, Nifty, Midcap, Smallcap, and Bank Nifty—all major indices—have touched the 200 EMA again.

overall there might be some consolidation after its free fall in last two trading sessions, lets see what happens

PCR is 1.91 at ATM and 1.13 overall, this PCR is distorted because of 50000,49500 strikes

As Bank nifty weekly expiry are over now, we will check the monthly expiry but there is nothing in the OI and PCR is distorted, we will check the OI when it build up

In last hour bank nifty takes support at 50000 and now it is the key support level for bank nifty

because of CPI inflation and some structural problem in banks, it is reacting more and falling

Bnf fell below the trendline

BANK NIFTY ANALYSIS

PCR is 0.89 at ATM and 0.55 overall which is neutral to bearish

In short term we can expect some upside momentum or consolidation, for long term nifty can go to 22500

If the support zone breaks it can go lower

As shared the view earlier nifty support at 23500, 23350-23500 is support zone for nifty, resistance is at 23800

NIFTY ANALYSIS