Last week we mention that if bank nifty gives negative close near to resistance levels then we can see fall in a market till support level and see bank nifty corrected till 11350 level last week.
As per the current chart development we can see that bank nifty not yet able to touch the support line on chart, and even rsi is always little away from support line.
So overall for current week we can see that bank nifty having support near 11100 level so any positive close from this level can give reversal in trend and can give upper levels till 11500-11700-12250
If but bank nifty able to close below 11100 level for 2 continued session the down side we can expect levels of 10700-10500-10200 in coming days.
So for current week its highly important to see the closing behavior of market near to support level of 11100.
LAST WEEK CALLS
SKF 665 TO 680
PRESTIGE ESTATE 157 TO 163
SIEMENTS 635 TO 661
ESCORT 130 TO 133.5
CALLS FOR CURRENT WEEK
BUY WIPRO above 523 close sl 500 target 555-585
BUY TPL PLAST above 92 close sl 75 target 115-125
SELL JET AIRWAYS below 268 sl 290 target 235-210