Probable Scenario Analysis of Nifty Bank for the 03rd of July, 2026. The day is Friday.
🟢 Bullish Scenario
Firstly, the price needs to sustain above 58125. Then, a weak bullish move can be expected till 58250. Next, if the price sustains above the level of 58250 for at least 30 minutes with strong bullish candles, then we can expect a strong bullish move. The probable strong bullish targets above the level of 58250 are - 58500 and 58750.
🔴 Bearish Scenario
The level of 57750 is strong support. If the price decisively breaks down below the level of 57750, then the bullish sentiment will exhaust. A weak bearish move till 57500 is expected if the price sustains below 57750. The level of 57500 would offer strong support. Next, if the price decisively breaks down below the level of 57500, then there will be sharp selling. The probable bearish targets below the level of 57500 would be - 57250 and 57000.
🟡 No Trading Zone (NTZ): (58125 - 57750).
Here, the zone of (58000 - 57750) is strong support.
⏺ Range of Consolidation (ROC): (58500 - 57500).
Here, 58000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July).
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
🟢 Bullish Scenario
Firstly, the price needs to sustain above 58125. Then, a weak bullish move can be expected till 58250. Next, if the price sustains above the level of 58250 for at least 30 minutes with strong bullish candles, then we can expect a strong bullish move. The probable strong bullish targets above the level of 58250 are - 58500 and 58750.
🔴 Bearish Scenario
The level of 57750 is strong support. If the price decisively breaks down below the level of 57750, then the bullish sentiment will exhaust. A weak bearish move till 57500 is expected if the price sustains below 57750. The level of 57500 would offer strong support. Next, if the price decisively breaks down below the level of 57500, then there will be sharp selling. The probable bearish targets below the level of 57500 would be - 57250 and 57000.
🟡 No Trading Zone (NTZ): (58125 - 57750).
Here, the zone of (58000 - 57750) is strong support.
⏺ Range of Consolidation (ROC): (58500 - 57500).
Here, 58000 is the median of ROC. The median works like a sentiment. The price trading above the median would offer bullish sentiment, while the price trading below the median would trigger bearish sentiment.
● Event
There is no high-impact event this week. However, there is the U.S. Independence Day Holiday on Friday (03rd of July).
● Intraday Bias
Establish intraday bias with respect to the opening price. If the price sustains above the opening price, then don't think of shorting. Look for bullish trades only. On the contrary, if the price sustains below the opening price, then don't think of going long. Look for bearish trades in that case.
● Disclaimer + End Note
- All the analyses would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live session.
- Trade only if there is a set-up. Remember, not trading is an extension of the trading activity.
- Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Thus, trade what you see, not what you believe.
- Always PRACTICE RISK MANAGEMENT. Always PROTECT YOUR CAPITAL. Be RESPONSIBLE.
- Be Strategic. Be Courageous. Be Patient. Be Wise.
- Every day is a new day. Thus, do not carry the baggage of past successes or failures. Leave the gardens of winning and losing. Establish yourself in equanimity. Always think from a new perspective.
- Let the joy of trading drive your effectiveness, not greed or fear. Believe in Possibilities.
Happy Trading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.