49693 very important on closing basis.

Keep watch

#Sensex
Bearish pressure -
Weak closing 79221 below on Daily chart
Next possibility support zone 77423-76745.

On further fall
Expect downside levels - 72079-71149

Try bullish trades only above
80050 on closing basis.

#USDJPY
DOLLAR will strengthen more once above 148. Below 140 2 consecutive closing.
Price will head towards 100$ and more pain for Yen carried trades.

Those who read MMWD August month market view they understood and learnt about what is Yen carried trade.

If you missed we have shared on the broadcast channel link below 👇

Follow the Rexhora Venture channel on WhatsApp: https://whatsapp.com/channel/0029Val3XrWISTkEBZ2Ar52j

#Nifty IT - Just finished it's 5th wave and currently it's in ABC wave

Try to find good IT stocks if index comes to 37638 to 37108 zone / level.

As upside there's possibility of new cycle which you may target for 43963 and 48635 levels.

As of Lower timeframe chart.
Price currently respecting B. Option tomorrow's price action will clear perspective.
Wait for clean and volume breakout/down

#Banknifty - everyone's favorite.

In last two weeks many traders lost reasonable amount in bnf.

Now bnf standing at Make or break zone / level #Updated new zone now.
49791-49531

Be very careful going short in "this zone" as it's HTF demand point.

Any fundamental news / update on bank nifty
It may trigger "short squeeze"

Upside target marked in the highlighted levels
Red are the intermediate levels / targets

Ultimate target would be a HTF supply point. 52815 and above marked levels.

Last encoded zone would be 53479 to 54160 zone.

In last two weeks bank Nifty done good fundamental time and price correction.

Perhaps once a weekly/ (2 consecutive days) daily or a monthly close below 49531 level. Bank nifty will be bearish

In SMALL timeframe
It's holding at sniper buy level with SL at 49690 level. If this trade works then it will target above levels one by one.

Since no Fno trades.
No recommendation on going long / short on index

#just a study to observe

I'm a little busy this week..
Probably dust will settle by then..
That's all for the day.

Hope this will help you.
Good night.

Zones are important
#US30 - DOW JONES

US July PPI Inflation falls to 2.2%, below expectations of 2.3%.

Core PPI inflation falls to 2.4%, below expectations of 2.7%.

PPI inflation is now at its lowest level since March 2024.

A September rate cut is on its way.

If tomorrow gap up in banks..
Understand one thing

The smart player has already done his job.

Read above msg once. Again

Good night all.

Shared few more charts in Premium channel.

Interested people who like study they can join Premium channel.

Example of given trade + chart

Follow the arrow and the study
#Axis bank daily

02 #Axis bank

03 #AxisBank

Let's see how it works.

Way to join

#MMWD PREMIUM