FPI sales intensify
July has proved to be a stormy month for markets, FPI constantly turns net sellers. In 14 of the 19 trading sessions this month, they floated the LOOD to equities, which led to a net flow of Rs 20,262 crore (till July 25).
The pressure of this sale has been a key overhang, despite the auxiliary global signs, controlling any meaningful side lap.
Time -based contrast once again valid
In a previous weekly point of view, we published the period of July 24-25 as a potential opposite area for permanent traders. True to the forecast, the Nifty reversed at 25,246 levels on July 24, ending at 24,806 at the end of the week-which confirms the effectiveness of our time-based approach.
Even for intraday traders, the July 22-223 window proved to be very beneficial, as the forecast speed was played with a clean, directional move. Here is a breakdown of how our intraday time layers are aligned with real market action:
Intraday Timing Highlights (July 21-25):
July 21 (Monday):
High swing at 11:00 am (VS 10:30 am)
1: 45 pm low swing (vs 1:30 pm)
July 22 (Tuesday):
9am in the morning (vs 9: 20)
Day 12: 00 AM (vs 12: 20)
At 1:00 PM High Swing (vs 1:05 pm)
July 23 (Wednesday):
Low in the morning 9:40 pm (vs 9:20)
Momentum picked up at 11:20 am as expected
July 24 (Thursday):
Selling at 10: 20 am, made low at 12:15 pm (12:30 pm)
July 25 (Friday):
9:25 am
Swing matches our time at 12:10 pm
These consistent configurations with predictable time slots publishes how the “time drives price” is a powerful concept in the researcher in the market.
Outlook for July 28 – Aug Gust 1
In the final week of July and at the beginning of the August Gust, the beginning of July 29, we proceed as a major date that can potentially mark the opposite of trend, the peak or bottom of the period. Local traders should keep this date closely on the clock.
Support Zone:
24,850 / 24,805 / 24,676 / 24,538 / 24,450 / 24,355
Resistance Zone:
24,855 / 24,980 / 25,080 / 25,147 / 25,320 / 25,434
Important Intrade Time Slots (July 28 – Aug Gust 1):
Monday, July 28: 10: 20, 11:10 in the morning, 12:50 pm, 2: 15pm
Tuesday, July 29: 9: 15, 10:20, 12:50 pm, 1:35 pm, 2:35 pm
Wednesday, July 30: 9:30 AM, 11:35 AM, 12:50 pm, 2:40 pm
Thursday, July 31: 12:40 pm, 2:40 pm
Friday, August Gust 1: 11:25 AM, 1:35 pm, 2: 20 pm
With once again playing a crucial role in both interdes and status strategies, traders and investors will do well to respect these windows.
Key
The Nifty remains in a tight field of uncertainty between uninterrupted FPI outflows and technical weakness. However, July 29 can act as a possible point, offering a clear direction. As always, the time remains crucial-and time-based analyzes can continue to offer the required edge for the outperform.
(Author Director, Wealth View Analytics Pvt.
SEBI Registration – inh000009676
(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent the views of economic time.)
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