STOCKMARKET360

ATTENTION 100% FREE LIVE TIPS & RECCOMENDATIONS. GET 100% LIVE FUNDAMENTAL & TECHNICAL RESEARCH ON INDIAN STOCK MARKET. COMMODITIES,FOREX MARKET, FREE TIPS

BANK NIFTY WEEKLY CHART STUDY

banknifty1_1

BANK NIFTY WEEKLY CHART STUDY

Almost for past full month we mention that bank nifty important support level is 14700 and till the time we not see close below this level, we can expect a bounce back from this level.

Last week also same thing happen nifty able to bounce from this range, and able to hit our mention level of 15400-500 range.

One thing to observe here is, nifty making a new high’s in last month but bank nifty unable to break its life time high which was made in month of may, and pattern here we can spot is a “FLAG PATTER” on chart now.

As per this flag patter bank nifty is moving into range of 14700-15750 range almost 1000 point range as of now, so this can be consider as a good consolidation in this flag pattern, so any time if bank nifty able to move and close above 15750-800 levels, then up side we can see a good up move or even a breakout kind of move till 16500-17500-18500 level in coming months.

As of now on weekly basis we can see good resistance at 15750 level any negative close near to this level can lead for a time being correction level of 15500-15350-15200-15000 also, good breakout we can expect only above 15750 level.

So for selling side one can look to sell near to this resistance range only, for buying one can buy on mention support levels with nearest support as stop loss.

LAST WEEK CALLS PERFORMANCE

GEOMATRIC 140 TO 150

SASKEN 225 TO 319

HDIL 95 TO 105

JPPOWER 22.50 TO 25

POWER GRID 138 TO 146.50

BHARAT FORGE 605 TO 682

GODREJIND 360 TO 372

LUPIN 1055 TO 1104

CALLS FOR CURRENT WEEK

Buy JIANIRRIGATION above 129 level on closing basis sl 120 target 140-155

Buy HDFC BANK in a range of 840-850 sl 820 target 880-920-970

Buy  COLPAL above 1665 level on closing basis sl 1620 target 1720-1770

Buy WONDERELA above 245 sl 220 target 285-325

Buy TAJGVK above 100 sl 90 target 120-155

Buy TREE HOUSE above 410 sl 380 target 440-485

Buy ROLTA above 122 sl 114 target 130-145

Buy ZENSARTECH above 460 sl 425 also buy if get near to 445 target 485-525

Buy JINDAL DRILL above 285 sl 270 target 310-340

Buy MIRZA at 37-38 range sl 34 target 42-45

Leave a Reply

Your email address will not be published. Required fields are marked *

STOCKMARKET360 © 2017