Last week we clearly inform that bank nifty having a good support range of 10650-10700 and just see bank nifty took off from 10699 level and above to move till 11700 level almost.
With the current chart development we can see that bank nifty has taken support on trend line and taken bounce, and its channel indicate that we can see some more moves in bank nifty.
As per the current chart development bank nifty having upper resistance at 11850-12050 levels and after that only it can give some more big moves till 12500-13050-13500 but need to cross the initial levels.
As per the chart we can see the support at 11150-10650 levels, this two levels looking to be good support till bank nifty continue its uptrend, if market move below this levels next week then we can surly expect more correction till 10200-9800-9500 levels.
So technically 12050 – 10650 are the important level to trade near.
Technical calls for current week
Buy BAJAJ FINANCE above 1375 sl 1200 target 1550-1650
Buy RELCAP above 386 close target 405-435
Buy HINDCOPPER above 75 sl 63 target 88-95
Buy HINDZINC above 140 sl 125 target 155-175