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BANK NIFTY WEEKLY CHART STUDY

BANKNIFTY

BANK NIFTY WEEKLY STUDY

We clearly inform that below 10600 levels close bank nifty will give more falls and just see it able to fall till 10100 levels in last week.

Now as per current chart development we can notice few things.

Last week ending time bank nifty given a “BULLISH HARAMI” candle on chart, and also a “TWIZER BOTTOM” candle also.

Even rsi is now in oversold zone now.

So at present level we can see support in bank nifty in a range of 10000-10100 level and moving above 10350 levels and closing above this level will give recovery in bank nifty till 10600-10850-11000 levels also.

Any red candle near resistance level on closing basis will give fresh selling opportunities or fresh selling is only below 10000 levels now.

So as of now no fresh sell near to this level, one can buy near 10000 level with small top loss and try to sell near resistance level, if negative close near resistance level can give selling opportunity and one can add more selling below 10000 level only.

 

LAST WEEK CALLS PERFORMANCE

DABUR 165 TO 172.50

IPCA LAB BUY 770 TO 835

CANBK SELL 247 TO 214

PFC SELL 136 TO 129

PNB SELL 580 TO 509

Also inform that all heavy weight stocks like RELIANCE, LT and all banking stock will fall, and they give a good fall as expected.

CALLS FOR CURRENT WEEK

Buy BHARAT FORGE above 353 sl 327 target 365-385

Buy PANACEA BIO above 101 add more above 105 sl 93 target 115-125 {don’t enter before breakout if stock move below stop loss then call will be invalid}

Buy INOX above 98.50 sl 89 target 110-125

Buy BALKRISHNA IND above 332 sl 315 target 348-375

Buy NIIT tech above 405 sl 388 target 425-445-485

Buy ZENSAR TECH above 386 sl 374 target 397-425

Buy ANDHRA BANK above 58.50 sl 57 target 62-65

Buy TCI above 98.50 sl 94 target 110-120

Buy NEVILY LIGNITE above 59 sl 57 target 62-66

Buy TECHM above 1800 sl 1785 target 1845-1885

 

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