BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST ๐ถโบ๏ธ๐
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NIFTY View (9 July | 13:10 PM)
๐ Trend: Sideways to weak
๐ Support: 25,498 / 25,448
๐ Resistance: 25,550 / 25,572
๐ RSI: 49.60 โ Neutral to Weak
๐ Next Move: If Nifty sustains above 25,514 (VWAP), recovery possible toward 25,550+
โ ๏ธ Break below 25,498 (Pivot) = Likely dip to 25,448 / 25,374
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๐ฏ Short-Term Strategy:
Buy above 25,550 | Sell below 25,498 with tight stop loss
๐ ๐ see truth of tax ??!!!
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BLOOMBERG REPORTS
VICEROY SAYS HE IS SHORT ON VEDANTA RESOURCES
VEDANTA: SHORTSELLER VICEROY ISSUES REPORT ON CO || VICEROY REPORTS THE GROUP STRUCTURE IS FINANCIALLY UNSUSTAINABLE, OPERATIONALLY COMPROMISED, & RESEMBLES A PONZI SCHEME
VICEROY is similar research firm like Hindenburg
Targeting Vedl now
SEBI may change the weekly expiry of index options to every 15 days (fortnightly) to reduce excessive activity. They might also allow expiry on only one main index. (Source: Moneycontrol)
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Nifty on break above 25550 will take prices to 25640 followed by 25690 levels, prices should protect 25420 on downside, time turns up near 10.30am, wave F has formed a flag pattern with time comparable to wave b, momentum should pick up, below 25420 range bound to mild negative move to continue
๐จ BREAKING NEWS
๐ฎ๐ณ๐ค๐บ๐ธ India-US mini TRADE DEAL likely to be announced by 10 PM tonight. [CNBC]
7th July 2025
One of the lowest recorded volumes in NIFTY and BANK NIFTY FUTURES.
NIFTY: 31.27 Lakhs
BANKNIFTY: 8.33 Lakhs
Effect of JANE STREET investigation.
Interesting times ahead.
๐
Nifty on 15 mins close above 25515 can resume trend to 25590 or higher levels, on downside 25300 support, prices moving in narrow range not giving much room on either side, breakout awaited, positional trade on break above 25600, until then trade narrow range 25300 - 25590
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