Bank nifty
Bank nifty last week clearly mention that, moving above 11250 only can give next up move no buying in bank nifty and banking stock till that time, bank nifty inform for weakness below 10400 level and given at target till 9900 and see it exactly gone there made 9880.
Given a strict alert, that don’t buy banking stocks at higher level and many banking stock given a good fall in last week.
As per the technical chart development we can clearly see that bank index is able to give its reverse direction now, and next immediate support we can see is 9750 level closing below this level can lead for more fall in this which can take halt at 9550-9200-8800 levels.
If able to take support at 9750 and given two positive close on chart then only upside expectation is 10500-11250-11500 levels. So keep this important level in mind for both side trading on closing basis.
LAST WEEK CALLS PERFORMANCE
Pg electroplast 126 to 155 = 23%
DISHTV 46.5 TO 51.5 = 11%
HDIL sell at 38 made 37 levels.
Calls for coming week
TATASTEEL sell below 284 sl 305 target 265-245
GLENMARK PHARMA buy in a range of 510-520 sl 480 target 580-620
AUROBINDO PHARMA buy above 206 if close sl 180 target 225-260
BATA BUY ABOVE 860 CLOSE SL 770 TARGET 950-1050
BHEL sell below 140 close sl 155 target 125-100
SESA GOA buy above 196 sl 175 target 215-245