Dear All, Sharing the SBI Securities Weekly Technical & Derivative… — SBI Securities — TG.ME

Dear All, Sharing the SBI Securities Weekly Technical & Derivative Podcast Here are the key highlights from the podcast: 📊 Market Outlook: Bulls vs Bears - The Battle Continues 🔄 Nifty has been consolidating in a narrow 24,379–24,077 range for the last 7 sessions. 📉 The index remains below key moving averages and has posted its third consecutive weekly decline. ⚖️ Most moving averages are flattening, while RSI and Stochastic remain sideways, signalling a lack of clear momentum. 🟢 24,000–23,950 is the key support zone. A sustained break below 23,950 could drag Nifty towards 23,700. 🔴 24,250–24,300, around the 20-day EMA, remains the immediate resistance. 🎯 A decisive breakout above resistance or breakdown below support could determine Nifty’s next major move. 📉 Sensex: Consolidation Continues 🔄 Sensex has remained range-bound within a 1,053-point range over the last 7 sessions. 📉 The index has declined for the third consecutive week, forming a bearish weekly candle. ⚖️ Flattening moving averages and sideways momentum indicators point towards continued consolidation. 🟢 76,600–76,500 is the crucial support zone. 🔴 77,500–77,600, around the 100-day EMA, remains the key resistance. 🎯 A breakout from this range could set the direction for the next trend. 🏦 Bank Nifty: Calm Before the Storm? 🔄 Bank Nifty continues to trade in a narrow 1,075-point range with indecisive price action. 📊 A Bollinger Band squeeze on the daily chart signals extremely low volatility and the possibility of a sharp move ahead. ⚖️ RSI and Stochastic remain sideways, while ADX at 7.17 highlights an extremely weak trend. 🔴 58,000–58,200 is the crucial resistance zone. A sustained breakout could trigger a fresh uptrend. 🟢 57,200–57,000 is the key support zone. A breakdown could lead to further correction. 🚨 The next range breakout is likely to determine Bank Nifty’s near-term direction. 🚀 Sector Watch: Where Is the Strength? 🟢 Relative strength remains strong in Healthcare, Pharma, IT, Capital Market, Metals and Consumer Durables. 📈 These sectors are showing improving price structures and supportive momentum trends. 🔴 CPSE, PSE, Oil & Gas, Energy and FMCG continue to show relative weakness. 👀 These weaker sectors are likely to remain laggards in the near term. Podcast Link: https://youtu.be/yI-A_QjvDiY Regards, SBI Securities Ltd.

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