Nifty formed hammer at 24,200 support with RSI divergence. PCR above 1.3 suggests potential short covering. Watch the 9:30 AM candle for confirmation before sizing up.
NEUTRAL
โก๏ธ- โข Mixed FII / DII flow
- โข PCR 0.98 โ range-bound positioning
- โข GIFT Nifty flat +168 pts
- โข India VIX in average band
Today's Setups
Posted by Sycotrade Research Team ยท Updated daily by 8:30 AM IST
Bank Nifty stuck between 51,800โ52,200 for 4 sessions. Iron condor or short straddle suitable if VIX stays < 14. Avoid directional bets until breakout.
Cup-and-handle breakout above 3,000 on rising volume (1.6x avg). Jio earnings tailwind. Trail SL at 3,050 once T1 hit.
Higher-high higher-low structure intact on daily. 50-DMA holding as support. Hold 3โ5 sessions targeting prior swing high.
Breakout from 6-month consolidation above 1,700. FII reweighting tailwind. Position for 3โ4 week move targeting 1,850.
Bearish engulfing at supply zone 780. JLR slowdown commentary weighs. Tight stop above 790 โ high-risk counter-trend.
Bitcoin reclaiming 92K with funding rates neutral. Watch CME gap close at 94.2K. Use 0.5% account risk max given crypto vol.
ETH/BTC ratio bottoming + ETF inflow week. Daily MACD bullish cross. Layered entries between 3,200โ3,260.
๐ก Trend Radar
Manually curated ยท Updated 8:30 AM IST today
| Sector / Index | Short (1โ3d) | Medium (1โ2w) | Long (1โ3m) |
|---|---|---|---|
| Nifty50 | ๐ขUptrend | ๐ขUptrend | ๐กSideways |
| BankNifty | ๐ขUptrend | ๐ขUptrend | ๐ดDowntrend |
| IT | ๐ดDowntrend | ๐กSideways | ๐ขUptrend |
| Pharma | ๐ดDowntrend | ๐กSideways | ๐ขUptrend |
| Auto | ๐ดDowntrend | ๐กSideways | ๐ขUptrend |
| Metal | ๐ดDowntrend | ๐กSideways | ๐ขUptrend |
๐ฃ Community Setups
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