BANK NIFTY WEEKLY CHART STUDY
When nifty made life time high in a month of march from that time we are telling you all that there is a divergence between two major indices namely nifty and bank nifty, and even we inform that when bank nifty crosses 11800 level that time only we said that we can suspect a new life time high in bank nifty any time since it was divergence in two indices.
As per last week levels we said that bank nifty having major support at 12700 level and till the time we not see close below this level, bank nifty can take off at any time, upside we mention levels till 13500 and beyond 13500 it can look for big breakout move and in last session it able to made 13815 level. Which is almost 1100 point move from our inform support level of 12700.
As per candlestick patterns it has given, two “INSIDER BAR” and also form a “BULLISH TRI-STAR DOJI” candlestick in last week.
So as per current chart development we can see that, last week bank nifty made new lifetime high at 13815 level but for now if it need to move up then it should able to give strict close above 13850 level then only more upper level till 14200-14800 we can see in coming days.
But if it able to give some negative close here, then we can expect some fall and profit booking from upper level which can take support near 13500-13300-13000 levels.
CALLS FOR THE CURRENT WEEK
Buy BHEL above 196 close sl 185 target 205-225
Buy ADANI port above 215 close sl 185 target 250-270-325
Buy ONGC above 350 close sl 325 target 375-410-425
Buy SHRIRAM CITY delivery in a range of 1270-1330 sl 1100 target 1500-1800
Delivery buy VOLTAS in a range of 160-165 sl 130 target 200-250-350
Buy LICHSFIN above 280 sl 270 target 295-315
Buy CROMPTON above 176 close sl 167 target 185-197
Buy GSPL above 76 close sl 68 target 85-110
ASTRAMICRO delivery buy in a range of 70-77 sl 50 target 120-150-220
DCM SHRIRAM delivery buy in a range of 100-110 sl 80 target 160-185-220
VOLTAMP delivery buy in a range of 500-550 add more above 570 sl 440 target 850-1050-1500