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BANK NIFTY WEEKLY CHART STUDY

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BANK NIFTY WEEKLY STUDY

Last week mention that bank nifty having a good support at 10000 levels any green candle near support will give buying opportunity till resistance level of 10350 and see last week nifty reverse from almost 10000 level and able to made till 10350 only.

As per candlestick market has given a “HANGING MAN” candle in last session, it also seems to be a “ISLAND” pattern on chart.

Now with current level bank nifty having a good resistance in a range of 10350-10450 range, if able to cross this resistance on closing basis then only we can see up move till 10800-11000 range, but if market face this resistance and give negative close near to resistance then then market will try to move again till 10000-9900 range and below this range we can see 9500-9200-8800 levels in coming days.

LAST WEEKS CALLS PERFORMANCE

INOX 98.50 TO 112

BALKRISHNA IND 332 TO 367

NIITTECH 405 TO 414

TCI 98.5 TO 102.5

TECHM HIT SL AT 1785 BUT AGAIN MOVING ABOVE 1800 IT ABLE TO MAKE 1870 LEVEL.

CALLS FOR CURRENT WEEK

BUY ORIENTAL CARBON above 146 sl 124 target 175-190

BUY PRAKASH IND above 37.50 sl 32 target 45-55

Buy LT FOOD above 95 sl 80 target 110-125

Buy APTECH in a range of 70-75 sl 60 target 120-155

Buy BATA above 981 sl 940 target 1020-1080

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