BANK NIFTY WEEKLY CHART STUDY
As we mention last week that 14700 is biggest support for bank nifty and still the condition is same14700 is key point for bank nifty which you can clearly see on chart.
If in any case if bank nifty given positive close on this supporting trendline near any support which is above 14700 level, then we can expect a reversal also till 15100-15250-15350 levels also, if in any case if 15400 level is crossed and close above this then more up move we can expect till 15800-16200 also.
For coming week we can bank nifty having good support at 14940-14850 level below this 14700 and if break 14700 then we can even see 14200-13800 levels in coming days.
So overall as present bank nifty is in small range with support level of 14950-14850-14700 and resistance level of 15100-15250-15350-15550 so use this levels for trading purpose with smallest stop loss of nearest support or resistance.
Buy PANACEA BIO above 200 sl 175 target 240-285
Buy GEOMATRIC at 140-143 sl 132 target 150-165
Buy ZEE MEDIA at 21 sl 19 target 23.50-26
Buy SASKEN above 225 sl 208 target 247-277
Buy HDIL at 95-96 sl 93 target 100-105 long term one can hold with 85 sl for target of 115-140-170
Buy INFRATEL above 270 sl 245 target 310-337
Buy IBREAL above 98 sl 93 target 104-112
Buy JPPOWER above 22.50 sl 21 target 25-28
Buy BHARAT FORGE at 605 add more above 611 sl 585 target 640-677
Buy POWERGIRD above 138 sl 134 target 145-155
Buy GMR INFRA above 34.25 sl 32 target 37-40
Buy GODREJIND above 360 sl 345 target 377-390
Buy LUPIN above 1055 sl 1030 target 1080-1120
Buy TITAN at 353 add more above 358 if close above 360 then hold with 300 sl for target of 450-550-650