BANK NIFTY WEEKLY STUDY
As per our last week study, we mention that bank nifty can also look for consolidation between support and resistance level and it has done exactly the same.
now as per current chart development we can see that last full week it has done consolidation in a range of 14850 and 15365 so its almost 500-550 point range of bank nifty now, and if it able to move beyond this range then we can see a good movements.
For current week we see support at 14800 level and resistance at 15400 level, beyond this range down side we can see more fall till 14300-14000-13800 levels and upside scope is for 15850-16200-16800 levels in coming days.
So one can play in bank nifty within this weekly range try to buy and sell near weekly high and lows means 14800-15400 range. If cross then take direction position and if face resistance or if take support then take reverse position with nearest top or bottom as stop loss which can be low risky if it again try to consolidate in coming weeks.
LAST WEEK CALLS GIVEN
SSLT 220 TO 271
TTKPRESTIGE 3220 TO 3600
HINDCOPPER 85 TO 110
STC 220 TO 247.50
CUMMINS 570 TO 634
PATEL ENG 80 TO 105.5
HSIL 210 TO 227
GREAVES COTTON 95 TO 105
ORIENT PAPER AND BFUTILITI LONG TERM HOLDING CALLS ALSO MOVED AND LAST WEEK HOLDED VOLTAMP AND DCM SHRIRAM ALSO FIRED.
CALLS FOR CURRENT WEEK
Buy TATA COMM above 350 sl 265 target 450-550-700
Buy DEN above 202 sl 165 target 235-265-285
Buy NECTARLIFE above 34 sl 25 target 55-70
Buy BASF above 810 close sl 700 target 950-1150-1400
Buy TREE HOUSE above 330-337 levels sl 280 target 385-440
Buy DIL above 580 close sl 460 target 640-750
Buy GESHIP above 370 sl 325 target 415-460
Buy KOHINOOR FOOD above 49 closing basis sl 35 target 60-75
Buy NDTV above 84 sl 65 target 105-145
Buy POLARIS above 210 sl 170 target 240-267
Buy KRBL above 71 sl 55 target 85-97
Buy SEPOWER above 7 sl 4.5 target 12-18-25
Buy KAUSHALYA INFRA above 8.70 sl 6 target 12-18-26
Buy VENUS POWER at 2-2.5 sl 1.25 target 5.5-9-13-25