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BANK NIFTY WEEKLY CHART STUDY WITH LEVELS

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BANK NIFTY WEEKLY STUDY

About bank nifty we given 11850 important resistance level and market fall from 11737 level, we mention support at 11150 and 10650 and market able to reach till 10840 level.

If we look in to the bank nifty chart we can see that it has able to give close below important support line on chart.

As per the candlestick chart pattern it has given a “SHOOTING STAR” candle or we can say “GRAVESTONE DOJI” candle at upper level, which is the indication of trend reversal and bank nifty able to fall almost 900 point from top level.

So now as per chart for fresh traders only we can see 10650 looking very important support now, if able to close below this level then we can see more fall till 10250-9900-9550 level, in any case if market take support at 10650 level and able to give close in green bar’s then reversal movement to see till upper resistance level of 11100-11250-11500 levels.

Weekly calls

Our long term delivery call posted in month of July at 76 level able to made 195 today almost 160% gains.

Last week calls

Bajaj finance 1375 to 1423 = rs. 47

Suntv 440 to 457 = rs. 17

Other calls not trigger with level so can still keep active for upcoming week.

Calls for current week

Buy VARUN IND above 9.5 close sl 6.5 target 12-15-20 {if close is sustain for 1 week above 9.5 then surly buy for medium  term investment for target till 30-50-100-150 also}

Buy MAXWELL in a range of 16.5-17.5 sl 12 target 22-28-35

Buy MORARJEE TEXTILE above 27.5 sl 22 target 38-50

Buy ZUARI GLOBAL above 65.5 sl 50 target 80-100

Buy ZUARI AGRO above 108 sl 90 target 125-165

Buy BRIGADE above 64 sl 52 target 75-85-100

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