Last week we mention that, if bank nifty able to move above 10650 then we can see up move and it able to hit our 1st target exactly at 10800 level.
Now as per the current chart we can see that bank nifty is having good resistance at 10800-10825 range, if able to close above this range then we can see up move till 11000 level.
Where it will try to fill up the gap which it has given in last fall.
After filling the gap if it stays positive on chart then next levels are 11150-11250
Downside good support at 10600 level below this if able to close then we can see 10450-10250-10000 levels in coming days.
As per technical chart it has given a “RISING WEDGE” on chart, with the hanging man candle in last session.
So overall conclusion is next week bank nifty is having 10800-825 important range closing beyond this range for any side at least for two trading session will give us direction movement confirmations.
Last week calls performance
SYMPHONY 520 TO 581
DIVIS LAB 1400 TO 1447
HINDPETRO 255 TO 266
CALLS FOR CURRENT WEEK
BUY MOTHERSUMI ABOVE 235 CLOSE SL 215 TARGET 270-325
BUY GULFOIL above 100 sl 95 target 107-118
BUY JUBLIENT LIFE above 126 sl 120 target 135-145
BUY WABAG above 660 close sl 635 target 725-770
BUY TATASPONGE above 445 close sl 400 target 550-650
BUY KOLTE PATIL above 82 sl 76 target 90-110
BUY SELAN above 500 close sl 440 target 600-700
BUY BALPHARMA at 36 sl 25 target 50-70-100