BNF 02May prognosis

"Abki baar 50 hazaar!" Almost seemed within reach for BNF today, but the allure of the big 50,000 might have tempted many latecomers to enter the market, only to suffer significant losses as BNF swiftly reversed course from its pause at 49975 levels, shedding over 700 points in a flash! Despite the drama, BNF managed to establish a PPOC at 49500 levels, with the Value area, VPOC, and TPOC all moving higher.

Tomorrow promises to be a tricky day, with the narrative likely influenced by events unfolding tonight. First, crude oil has dipped below $80 for the first time since mid-March, indicating potential weakness in the market which will have positive sentiments Indian bourses. However, the unpredictable nature of Middle Eastern geopolitics adds an element of uncertainty. Second, the FOMC meeting and any commentary on interest rate movements in the US could have significant implications for global markets.

Setting aside these macro events and focusing purely on the market profile, the region around 49500 (the PPOC area) will be pivotal for any upward movement. PPOCs often act as major support or resistance levels, depending on the direction of price movement. Therefore, any open and sustained movement above this level keeps the target of 50,000 within reach. Conversely, sustaining below 49500 may find support around 49200 - 49080 levels.

#IntraDay Setup
Wipro Weak Below 461.5

#IntraDay Setup
Coforge Weak Below 5095

#IntraDay Setup
Ambuja Cement Weak Below 618.3

#Intraday Setup
PEL Weak Below 921.3

#Intraday Setup
SRF Weak Below 2614

#YearHolding Setup
Star Buy Above 912

#YearHoldingSetup
WockPharma buy Above 630 for 1200++

#AYearHoldingSetup
PNB Strong Above 143 For 228

#AYearHoldingSetup
Quess Too Strong Above the Level of 645

Kaisa laga mera mazak😂

Check time and entry and learn

Use your charts to indentify the setup

Mera kaam bas update Dena ❤️

#INDOCOREMEDIES
CMP 327
Good RR
Most probably will follow the same path

HDFC and SBIN holding BNF

Koi shak...😃
Go and Check multi time frame

Mera kaam update Dena ❤️

#Banknifty

IMBALANCE move setup

455.45

4968

609.15