3rd Jul 2026 — Nifty Report — 214pts up and countingNifty Stance: Moderately Bullish
This week, Nifty not only managed to gain 214pts (0.89%) but also broke the first resistance at 24192. This is the first time Nifty has managed to break out from the tight range of 23793 & 24192 since 15th June.
This was bound to happen, as the trend is evident in the small- and midcap space. Most investors would realize this as well, as their small- and midcap etfs & Mutual Funds would suddenly have turned green yet again. These visible patterns suggest the main indices, like the Nifty and the Sensex, could start their next bull run.
Meanwhile, fiis have sold 49028.63 crores, and diis have bout 85800.14 crores in the month of June 2026. Over the past week, selling intensity has eased a bit, and if they start buying, it would definitely cheer the bulls.
Our stance is only slightly bullish for next week, as the blue (fast) and green (slow) emas are not diverging. ADX is also around 12.33, far below the 20 range, indicating a lack of directional trend.
Important Things to Watch for the Next Week
1. Quarterly Earnings: TCS, L&T Finance, Anand Rathi Wealth, and Elecon Engg Co.
2. Data points to watch from a domestic perspective: Mutual Fund Equity Inflows, M3 Money Supply, FX Reserves, Bank Loan and Deposit Growth.
3. Data points to watch from a global perspective: US Market — S&P Global Services PMI, Crude Oil Inventories, FOMC Meeting minutes, Initial Jobless Claims. UK boe MPC Meeting minutes and Financial Stability Reports.
4. IPO Listing: Aastha Spintex, Adon Agro Commodities, Twinkle Papers on 6th Jul. Atharva Polyplast, Kratikal Tech, Sampark India Logistics, Seemax Resources, Teja Engineering Industries, Vinit Mobile on 7th Jul. Knack Packaging on 8th Jul.
5. If Nifty moves up, the resistance levels are 24335, 24425, and 24613. If Nifty falls, the support levels are 24192, 23925, and 23793.
DISCLAIMER
Investments in the securities market are subject to market risks, including the potential loss of principal. Past performance does not guarantee future results. Information provided is for educational purposes only and should not be considered financial advice. Investors should read all related documents carefully and consult a certified advisor before investing. Registration granted by SEBI and Enlistment with RAASB/BSE and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The investor is requested to take into consideration all the risk factors before actually trading in stocks or derivatives. The SEBI RIA license INA000021757 & RA license INH000025045 are for Balachandran RV
Long
Reading the Language of StagesMarkets don't move in straight lines. They rally, they rest, they rally again
Stage One: The Ascending Triangle and The Supply Zone
Marked in red is the supply zone, a ceiling the stock kept running into and failing at. Below it, an ascending triangle quietly formed: rising lows pressing up against that flat resistance, each push a little more deliberate than the last.
Now here's the honest part: ascending triangles give horizontal breakouts, and horizontal breakouts fail more often than they succeed. Roughly 30% of the time they do follow through with real momentum, and this was one of those times. Not the rule. The exception, the green trendlines drawn at a slightly steeper angle show something important: as the pattern matured, the angle of buying pressure was increasing.
Stage Two: The Rally
Once the breakout held and price sustained above the supply zone, flipping it from resistance into support, the stock entered its second stage. A clean, sustained rally. No complex reading needed here. Price simply did what price does after a long base finally gives way. It moved.
Stage Three: The Descending Parallel Channel
After the rally ran its course, the stock entered consolidation again, this time in the form of a down-trending parallel channel marked with white dotted lines. Lower highs, lower lows, contained within two parallel descending boundaries. This isn't necessarily a bearish signal in isolation. Within the context of a larger uptrend, a descending channel is often simply the market's way of digesting gains.
Disclaimer: This post is purely educational and observational in nature, based on historical price action on a monthly timeframe. It does not constitute financial advice, a forecast, or a recommendation to buy, sell, or hold any security. 
Long
Education
Education
Long
XAUUSD: ABC Wave Ends Near Sell ZoneGold is reacting near the upper resistance area after completing a short-term bullish Elliott structure inside the rising channel. From Kelly’s view, the current move looks like an ABC recovery that has already reached a sensitive completion zone, where buyers may start losing momentum.
The key idea is simple: gold has recovered well, but price is now testing the sell zone after the ABC structure appears complete.
⟡ Market structure
The chart shows gold moving inside a rising channel after a strong recovery from the lower base. Price created a clean bullish sequence, pushed into the upper resistance zone around 4,190–4,195, and then started to slow down.
This area is important because it aligns with the marked sell zone and the possible completion of the latest Elliott structure. Price has already touched the upper part of the channel, which means the risk of a corrective pullback is now higher.
The nearest support zones are 4,143 and 4,107. If gold starts rejecting from the current resistance, these areas may become the next reaction points.
➤ Key levels
◌ 4,190–4,195: sell zone and ABC completion area
◌ 4,179: current price reaction zone
◌ 4,143: buy scalping resistance / first pullback zone
◌ 4,107: lower support and wave C reaction zone
◌ Above 4,195: area where the sell reaction setup weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to have completed a 5-wave recovery into the upper channel zone. After that, the current structure can be read as an ABC corrective phase forming near resistance.
Wave A shows the first pullback from the high.
Wave B may be the rebound back into the sell zone.
Wave C may develop lower if sellers defend the 4,190–4,195 area.
If this wave count is correct, gold may start a corrective move back towards 4,143 first, then 4,107 if selling pressure expands.
▸ Trading scenario
Preferred scenario: wait for price reaction around the 4,190–4,195 sell zone.
Sell reaction zone: 4,190–4,195 if bearish confirmation appears
Stop loss: above the confirmed rejection high
Take profit 1: 4,143
Take profit 2: 4,107
Take profit 3: 4,080 if wave C expands deeper
Alternative scenario: if gold breaks above 4,195 and holds with strong acceptance, the ABC sell setup loses quality. In that case, price may continue extending inside the rising channel before forming a new structure.
⌁ Kelly’s view
For Kelly, this is not a clean place to chase buy anymore. The recovery has already reached the upper resistance area, and the ABC structure may be near completion.
The cleaner plan is to watch how gold reacts around 4,190–4,195. If rejection appears, a short-term corrective pullback can develop from this zone.
Gold has completed a strong recovery.
But near the sell zone, the next meaningful move may be a corrective wave lower.
Share your view below. 
Short
XAUUSD: Buyers Took Control, But 4,200 Is the Real Test XAUUSD: Buyers Took Control, But 4,200 Is the Real Test
Market Context
Gold is showing a strong short-term recovery after reclaiming structure from the lower zone. Buyers have stepped back into the market, but price is now trading directly near the upper resistance area where sellers may react.
The main story is simple: gold is bullish in the short term, but not free yet. The next move depends on whether buyers can break the weak high zone or get trapped at resistance.
Technical Structure
Gold is trading around 4,177 after a strong push from the lower support area. The chart shows bullish structure in the short term, supported by recent BOS signals and a clear recovery from the Buyers First Defence zone.
The current resistance area is 4,170 - 4,200. This is the weak high sell zone and the nearest place where sellers may return. If gold fails here, a pullback can develop before the next bullish attempt.
The key pullback buy zone sits around 4,100 - 4,120. As long as price holds above this zone, the short-term bullish momentum remains valid.
The 4,142 area is also important. Holding above this level keeps buyers in control. Losing it would weaken the current recovery and increase the chance of a deeper pullback.
Key Levels
Current Price: 4,177
Weak High Sell Zone: 4,170 - 4,200
Short-Term Support: 4,142
Pullback Buy Zone: 4,100 - 4,120
Main Reclaim Zone: 4,030 - 4,060
Buyers First Defence: 3,960 - 3,980
Bullish Continuation: Above 4,200
Bearish Risk: Below 4,100
Trading Plan
Buy Scenario: Pullback Continuation
Entry: 4,100 - 4,120 after bullish confirmation
Stop Loss: Below 4,060
TP1: 4,142
TP2: 4,170
TP3: 4,200
Conditions: Price pulls back into the buy zone, holds support, and forms a clear bullish rejection or CHOCH. Buyers must keep price above 4,100. This setup is stronger if the pullback is slow and controlled, not a sharp breakdown.
Buy Breakout Scenario
Entry: Above 4,200 after breakout and retest
Stop Loss: Below 4,170
TP1: 4,230
TP2: 4,260
TP3: 4,300
Conditions: Price must break above the weak high sell zone with strength, retest 4,170 - 4,200 successfully, and continue forming higher lows. Avoid buying the first candle into resistance without confirmation.
Sell Scenario: Rejection From Weak High
Entry: 4,170 - 4,200 after bearish confirmation
Stop Loss: Above 4,220
TP1: 4,142
TP2: 4,120
TP3: 4,100
Conditions: Price fails to break the weak high zone, bearish rejection appears, and buyers lose momentum near resistance. This is a reaction sell only, not the main trend unless price later breaks below 4,100.
Breakdown Sell
Entry: Below 4,100 after confirmed breakdown and retest
Stop Loss: Above 4,142
TP1: 4,060
TP2: 4,030
TP3: 3,980
Conditions: Price loses the pullback buy zone, retest fails, and bearish momentum returns. This would confirm that the bullish recovery is weakening and sellers may push gold back toward the main reclaim zone.
Overall Bias
The short-term structure is bullish, but gold is now testing the most important resistance of the move.
If buyers hold above 4,100 and reclaim 4,200, the recovery can extend higher. If price rejects from 4,170 - 4,200, a pullback toward 4,142 and 4,100 is likely.
Best approach: wait for confirmation at the weak high zone. Do not chase the breakout before the market proves it.
Will buyers break 4,200, or will sellers turn this recovery into a bull trap?
Long 
GOLD bullish Elliott Wave forming in rising channelXAUUSD: Bullish Elliott Wave Is Building Inside the Rising Channel
Gold is now showing a stronger recovery structure after breaking away from the previous bearish channel. From Kelly’s view, the market is developing a bullish Elliott Wave sequence, with price moving inside a rising channel and preparing for a possible continuation phase.
The key idea is simple: gold is bullish in the short term, but price may still pull back once more to test the rising trendline before the next upside wave expands.
⟡ Market structure
The chart shows a clear shift from the earlier downtrend into a rising channel. After forming the lower base near the end of June, gold created higher highs and higher lows, showing that buyers are gradually taking control.
Price is now trading around 4,067, after reacting from the buy wave 5 area. The structure remains constructive while gold holds above the lower channel support.
The current move may still need one more retest towards the rising trendline or the buy wave 5 zone before the next push higher. If buyers defend this area, the market may continue towards the liquidity resistance zone around 4,100–4,120.
➤ Key levels
◌ 4,025–4,040: buy wave 5 and trendline reaction zone
◌ 4,067: current price reaction area
◌ 4,100–4,120: liquidity resistance zone
◌ 4,175–4,210: higher resistance and wave 5 completion area
◌ Below 4,025: area where the bullish channel structure weakens
⌁ Elliott Wave view
From an Elliott Wave perspective, gold appears to be forming a bullish 5-wave structure after completing the previous bearish phase.
Wave 1 created the first upside push.
Wave 2 corrected back into the lower channel support.
Wave 3 expanded strongly into the liquidity zone.
Wave 4 is now developing as a short pullback.
If the trendline holds, wave 5 may begin from the buy zone and push price towards the upper channel area.
There is also a possible ABC path after wave 5 completes near resistance. For now, the bullish wave structure remains valid as long as price continues to respect the rising channel.
▸ Trading scenario
Preferred scenario: wait for price to retest the rising trendline or the 4,025–4,040 buy zone and show bullish confirmation.
Entry zone: 4,025–4,040 if bullish confirmation appears
Stop loss: below the confirmed trendline reaction low
Take profit 1: 4,100–4,120
Take profit 2: 4,175
Take profit 3: 4,210 if wave 5 expands strongly
Alternative scenario: if gold breaks below 4,025 and fails to reclaim the rising channel, the bullish Elliott setup weakens and the chart may need a new short-term reading.
⌁ Kelly’s view
For Kelly, this is a buy-the-pullback structure inside a rising channel. The market has already shifted away from the old bearish rhythm, but the cleaner setup may come after one more controlled retest of the trendline.
Gold is building a bullish Elliott structure.
If the rising channel holds, the next upside wave may continue towards the upper liquidity zone.
Share your view below. Long 
XAUUSD — Bullish Trend Holds, Buy From Major Liquidity ZoneXAUUSD — Bullish Trend Holds, Buy From Major Liquidity Zone
Gold is trading around $4,165 after a strong recovery from the lower structure. The bullish trend is still holding, and price continues to form higher reactions after several CHoCH signals. Buyers are still controlling the short-term structure as long as gold stays above the main liquidity and FVG support area.
From an SMC perspective, gold has already swept the lower sell-side liquidity, reacted from demand, and pushed back into the upper OB zone. The current pullback is not yet a bearish reversal. It can still be viewed as a correction inside a bullish recovery structure, especially if price respects the $4,123–$4,130 liquidity zone.
The main buy area to watch is $4,123–$4,130. This is the closest major liquidity zone where buyers may look to defend the structure. If gold pulls back into this area and confirms bullish MSS / CHOCH on lower timeframe, the next upside target remains the OB reaction zone around $4,180–$4,195, followed by buy-side liquidity near $4,221.
Buy setup 1
Condition:
Gold pulls back into the major buy liquidity zone around $4,123–$4,130 and forms bullish rejection with lower timeframe MSS / CHOCH.
Entry: $4,123–$4,130
SL: below $4,057
TP1: $4,165
TP2: $4,180–$4,195
TP3: $4,221
Buy setup 2
Condition:
If gold breaks above the OB reaction zone around $4,180–$4,195 and retests it as support, bullish continuation remains valid.
Entry: above $4,195 after breakout retest
SL: below $4,150
TP1: $4,221
TP2: $4,240
TP3: $4,260
Sell setup
Condition:
Selling is not the priority. A sell setup is only valid if gold rejects strongly from the $4,180–$4,195 OB zone and loses the $4,123–$4,130 liquidity zone.
Entry: below $4,123 after breakdown retest
SL: above $4,165
TP1: $4,057
TP2: $4,030
TP3: $4,000
Key levels
Current price area: $4,165
Major buy liquidity zone: $4,123–$4,130
FVG support area: $4,070–$4,110
Sell-side liquidity: $4,057
OB reaction zone: $4,180–$4,195
Buy-side liquidity: $4,221
Bullish continuation confirmation: clean break above $4,195
Bullish invalidation: clean 2H close below $4,057
My current view is that gold remains in a bullish recovery structure. The trend is still holding as long as price respects the major liquidity zone around $4,123–$4,130. The Prime Gold plan is to avoid chasing the upper range and wait for price to pull back into liquidity, confirm bullish reaction, then follow the move toward the upper OB and buy-side liquidity.
No confirmation, no trade.
Long 
Order Block Retest on Gold H1 – Buy the Dip? Order Block Retest on Gold H1 – Buy the Dip?
Price is showing a textbook SMC structure on the H1 timeframe. Early in the sequence, we saw two consecutive CHoCH (Change of Character) signals confirming a bearish shift, followed by a BOS (Break of Structure) that swept liquidity below the accumulation range near the 4,000 zone. This accumulation box acted as the launchpad for the next leg up.
From there, price rallied into a clean 5-wave Elliott structure: Wave (1) topped near 4,090, Wave (2) retraced into the 3,970 liquidity pool, Wave (3) extended sharply to 4,140 tagging the Order Block, Wave (4) pulled back to the 0.786 fib zone, and Wave (5) is now pushing into the 0–0.236 fib extension around 4,180–4,200.
The horizontal Order Block (4,120–4,150) is the key supply/demand pivot here — price has repeatedly reacted around this zone, and it's currently acting as a decision point for the next directional move. A confirmed close above 4,150 with a bullish retest would signal continuation toward the 0 fib extension (~4,200+). Rejection from this zone, however, could trigger a corrective pullback toward the 0.382–0.5 fib levels (4,120–4,100).
Key levels to watch:
🔸 Resistance: 4,180 – 4,200 (Order Block / 0.236 fib)
🔸 Support: 4,120 – 4,100 (0.5 fib retracement)
🔸 Invalidation: Below 4,060 (Wave 4 low)
This setup blends SMC concepts (CHoCH, BOS, Order Blocks, liquidity sweeps) with Elliott Wave theory for confluence — always a stronger combo than using either alone. Short 
Long
Long
Nifty : Master Trading Plan for 03-Jul-2026Levels, Price Action & Logic 🧠📊
Hello Traders! 👋 Welcome to today’s educational pre-market analysis.
Trading isn't about predicting the market; it's about reacting to it with a well-defined plan. Based on the 15-minute timeframe chart provided, we have plotted crucial supply and demand zones.
Before we dive into the scenarios, let's decode the "Color Language" of today's chart. Understanding this is vital for your trade execution:
🔸 Orange Lines (Zigzag): Sideways / No-Trade Zone. The market is trapping both buyers and sellers here. Sit on your hands!
🟢 Green Lines: High Probability Bullish / Long Setup. Look for buying opportunities when price follows these paths.
🔴 Red Lines / Dashed Lines: Bearish / Short Setup or Probable Trend. Dashed lines mean "Maybe or Maybe Not" – tread with caution and reduce position size.
Here is the detailed action plan for all three opening scenarios for 03-Jul-2026.
Scenario 1: Flat Opening (Between 24,150 - 24,180) ⚖️
Educational Logic: A flat opening means the overnight sentiment is neutral. The market will look to the first 30 minutes of price action to decide its intraday trend. The closing price of 24,167.95 acts as an immediate pivot.
🔹 If Price Sustains Above 24,168: Look at the solid green line on the chart. If the price forms higher highs on the 5-min chart above the closing line, we will initiate a Long position. Our first target will be the 24,216 - 24,239 zone.
🔹 The Trap Zone: If the price struggles to cross 24,168 and starts drifting lower, it will enter the orange zigzag zone. Do not trade here. The price will likely chop around aimlessly between 24,168 and 24,051. Save your capital and wait for a clear level test.
🔹 Actionable Plan: Go long above 24,180 with a strict stop loss below 24,140. Avoid trading if the market drifts downward slowly without momentum.
Scenario 2: Gap Up Opening (100+ Points | Opening near 24,267+) 🚀
Educational Logic: A massive 100+ point gap up implies aggressive overnight buying. However, markets rarely go straight up after a huge gap. Profit booking from BTST (Buy Today, Sell Tomorrow) traders is highly likely, which causes a morning dip.
🔹 The Retracement Trade: If we open near 24,270+, wait for the price to cool off and drop into the "Opening Resistance / Support Box" (24,216 - 24,239).
🔹 Watch the Orange Lines: Notice the orange zigzag in this box? This indicates extreme volatility and a tug-of-war between buyers and sellers. Do not enter immediately on the dip. Let the price consolidate in this box.
🔹 Actionable Plan: Wait for a solid bullish reversal pattern (like an engulfing candle or a hammer) at the bottom of the 24,216 zone. Once confirmed, go Long (following the upper green arrow) targeting the Last Intraday Resistance at 24,366.00.
🔹 Caution at Target: Notice the dashed orange line near 24,366? This means the trend may exhaust here. Book 80-100% of your profits at this level!
Scenario 3: Gap Down Opening (100+ Points | Opening near 24,067-) 🩸
Educational Logic: A gap down creates panic among retail buyers, but smart money often looks at gap downs into major support as a discount buying opportunity. Never short blindly into a gap down!
🔹 The Golden Buying Zone: A 100-point gap down brings us directly to the "Buyer's Support" green box (24,032 - 24,051). Look at the chart—there is a solid green line bouncing strongly from this exact zone!
🔹 Actionable Plan (Long): If the market opens near 24,050, wait for the first 5 or 15-minute candle to close. If it shows buying rejection (long lower wick), take a Long position with a stop loss just below the green box (24,011). Target the gap-filling area near 24,168. This offers the best Risk-to-Reward ratio of the day!
🔹 The Bearish Breakdown: What if the selling pressure is brutal? Look at the dashed red lines. If the price breaks and closes a 15-minute candle below 24,011.00 with high volumes, the support is broken. You can initiate a cautious Short trade targeting 23,906.00. (Why cautious? Because it's a dashed line—meaning the trend may or may not sustain. Keep position size at 50%).
🛡️ Pro-Tips for Options Trading & Risk Management 🛡️
Options trading is highly leveraged. Without risk management, even the best chart analysis will fail. Keep these rules printed on your desk:
🔸 Respect Theta (Time Decay): If the market enters the orange "No Trade / Sideways" zones, Option Buyers will lose money even if the market doesn't move against them. Theta will eat your premium. Cash is a position!
🔸 Strike Price Selection: Always trade In-The-Money (ITM) or At-The-Money (ATM) options. Avoid Out-Of-The-Money (OTM) lottery tickets—they have a very low probability of success.
🔸 Stop Loss on Spot, Not Premium: Place your stop loss based on the Nifty Spot chart levels (e.g., SL below 24,011), not on the option premium chart. Option premiums fluctuate wildly; spot charts show the true market structure.
🔸 Position Sizing on Dashed Lines: When trading the dashed lines (probable trends), strictly cut your standard lot size in half. Protect your capital during lower-probability setups.
🔸 Max Loss Per Day: Define your maximum daily loss limit before the market opens. If you hit it, close your terminal. Revenge trading is the fastest way to blow an account.
📝 Summary & Conclusion
The market structure currently shows a healthy battle between buyers at lower levels and sellers near the all-time high zones.
Ultimate Line in the Sand: The 24,032 - 24,051 zone is the Make-or-Break level for buyers. As long as we are above it, dips are meant to be bought.
Upside Hurdle: 24,366 is the key resistance. We need significant momentum to cross it.
Patience pays: The space between 24,051 and 24,168 is highly choppy. Wait for the market to come to your designated levels. Trade the plan, don't trade your emotions!
🚨 DISCLAIMER: I am NOT a SEBI Registered Analyst or Financial Advisor. This post is strictly for educational purposes and chart reading practice. Financial markets involve a high degree of risk. Please consult with your personal financial advisor and do your own research before executing any real-money trades. I am not responsible for any profits or losses incurred based on this analysis. 🚨 Long 
Long 
Short 
Maruti Suzuki IndiaCurrent Trend
The stock is trading around ₹14,350–14,400.
Short-term momentum remains bullish, supported by positive moving averages and strong recent price action, although it is still below its 52-week high of about ₹17,372.
Key Support Levels
₹14,000 – Immediate psychological support.
₹13,680 – Strong technical support.
₹13,250 – Major support; a break below could weaken the trend further.
Key Resistance Levels
₹14,375–14,400 – Immediate resistance.
₹14,630 – Next breakout level.
₹15,050–15,100 – Major resistance zone.
Technical Indicators
RSI: Around 67, indicating strong momentum but approaching overbought territory.
MACD: Positive, suggesting bullish momentum continues.
The stock is trading above its 50-day moving average, but the 200-day moving average remains an important long-term hurdle.
Fundamental Triggers
June sales increased 19.3% year over year to more than 200,000 units, driven by strong passenger vehicle demand and exports, which is a positive catalyst.
Trading View
Bullish above: ₹14,400 (a sustained breakout could target ₹14,630 and then ₹15,000+).
Bearish below: ₹13,680 (could lead to a move toward ₹13,250).
If you're trading this stock, I can also provide:
Intraday levels
Swing trading setup (1–4 weeks)
Positional investment view (3–12 months) Asian Paints Swing Trading AnalysisKey Levels
Immediate Support: ₹2,700–2,720
Strong Support: ₹2,620–2,650
Major Support: ₹2,560
Immediate Resistance: ₹2,780
Major Resistance: ₹2,850
Breakout Zone: ₹2,950–2,985
Trading Plan
Bullish Scenario
Buy only if the stock closes above ₹2,780 with strong volume.
Targets: ₹2,850 → ₹2,930 → ₹2,985
Stop-loss: ₹2,700
Buy on Dip
Accumulate near ₹2,650–2,700 if bullish reversal candles appear.
Stop-loss: Below ₹2,620
Bearish Scenario
If the stock closes below ₹2,620, weakness could extend toward ₹2,560 or lower.
Technical View
Trend: Neutral to mildly bullish.
Momentum: Improving after recent gains.
Volume: A breakout above ₹2,780 should ideally be supported by higher-than-average volume for better confirmation. 
Long
Long
