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As per the bank nifty chart recently we seen that it has broken the “FALLING WEDGE” on chart but not able to give proper up move, after that it taken the support on a edge of wedge, and given a good bounce.

With the current chart development we can see that bank nifty has taken support on trend line, and there is a development of “SYMMETRIC TRIANGLE” on chart, and just now it has touched the upper trend line.

So as per the chart we can see that bank nifty having next resistance at 10800 level, if able to close above this level of 2 trading session then we can see 11200-11500-11800 upper levels, but if market not able to cross the given resistance and able to put the negative candles on chart then down side support we need to consider are 10350-10200-9900 levels.

So as present 10800-10900 range looking highly important for bank nifty now, moving above this for 2days will give breakout at upper side. Negative closes from here will give reversal in market.

Calls performance given in article.

VIMTA LAB 35 TO 45 = 29%

ONELIFE CAP 275 TO 333 = 21%

Calls for current week

Buy UNIPHOS above 158.5 sl 145 target 168-185

Buy ZEEL above 255 sl 235  target 270-285

Buy IGL above 291 sl 270 target 310-335

Buy ZEE LEARN at 27 sl 23 target 33-38

Buy NESTLE above 5570 sl 5200 target 5800-6200  {investor can include this stock in their portfolio for long term investment, and can do trading as per movements in stock, it’s a good valued stock}

Buy PRESTIGE ESTATE closing above 146 sl 125 target 170-185-195

Buy AXIS bank close above 1175 sl 1050 target 1285-1350-1415

Buy CONCOR above 770 sl 730 target 850-950

Buy MARUTI above 1480 sl 1350 target 1650-1850

Buy RECLTD with 177 sl for target of 200-210

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