BANK NIFTY WEEKLY CHART STUDY
See as per our study we told last week that bank nifty has taken support on 200 dma on weekly chart, and till now after 3rd red candle it has now given a continuous red candle on chart as per this study it able to move positive last week.
We mention support level of 15000-15150 last week and it made low of 15130 and able to give good bounce till 15796 level.
Now as per candlestick pattern, at the starting of last week bank nifty has given “BULLISH HARAMI” candlestick pattern and then after at the end of week it has given “BULLISH UPSIDE TAKASHI GAP”.
So overall trend is stable till the bank nifty is above 15000 level. And next uptrend can resume only after moving above 15850 level.
For coming week we see resistance level as 15650-15850 above this only up move to see, and down side support levels at 15300-1350 if broken then again fall till 15150-15000 range.
Overall as of now major range is 15000 and 15850 now and beyond this we can observe trending market in coming days.
CALLS FOR CURRENT WEEK
Sell BHARAT FORGE below 750 sl 790 target 710-670
Sell TATA MOTOR below 488 sl 500 target 460-440
Sell TATA MOTOR DVR below 323 sl 333 target 310-290
Sell ARVIND below 280 sl 292 target 265-255
Sell SSLT below 248 sl 257 target 237-225
Sell VOLTAS below 224 sl 233 target 215-202
Sell MOTHERSUMI below 367 sl 377 target 355-340
Buy RELIANCE above 970 sl 934 target 1020-1070
Buy ABAN above 655 sl 620 target 720-780
Buy KOTHARI PROD above 275 sl 260 target 288-310
Buy SHALIMAR PAINT above 192 close sl 135 target 270-350-450-600
Buy INFY above 3920 sl 3840 target 4040-4150-4300