BANK NIFTY WEEKLY STUDY
About bank nifty in last week we mention that its having a resistance range of 12000-12300 and need close above that then only good up move to see, it made high or 12309 almost, but unable to close above 12300 so as per our mention bank nifty able to face a resistance in a range of 12000-12300 range.
Presently we can see there a is bit of zig zag moves in bank nifty at upper levels.
Last week it has given a two “HANGING MAN” candle and two “DOJI” candles on chart. So it’s a indication that bank nifty is not planning to move either up or down, and this can be consider as a consolidation range of bank nifty now.
Rsi is also in overbought zone, but due to this consolidation it has slows down its movement now.
So as per chart now bank nifty is having a consolidation range of 11750-12310 till its not closing beyond this range we can see consolidation and up and downs between this range only.
LAST WEEKS CALLS PERFORMANCE
Dbrealty 58 to 61
Balkrishnaind 420 to 465
Lichsfin 225 to 242
M&M 992 to 1036
Tata motor call not trigger.
CALLS FOR CURRENT WEEK
Buy BHARTI AIRTEL above 298 sl 292 target 308-320
Buy HITACHI above 173 sl 155 target 188-197
Buy ORIENTAL BANK at 191-192 sl 187 target 200-210
Buy APOLLO TYRE at 132.50-133 sl 130 target 138-143
Buy SYMPHONY in a range of 610-620 or above 620 sl 580 target 670-735
Buy KOTAK BANK at 753 sl 730 target 785-797
Buy CENTURY TEXTILE above 337 sl 325 target 360-377