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BANK NIFTY WEEKLY CHART STUDY

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BANK NIFTY WEEKLY STUDY

Last week we clearly mention that bank nifty is in consolidation mode and just it not able to break the range.

For current week also bank nifty having same range, of 11750-12310 till its not closing beyond this range we can see consolidation and up and downs between this range only.

As per chart now rsi able to come out from overbought zone, and able to move below support line also.

As we can see that, if bank nifty able to close below 11700-800 range then it can try to touch the support line, and closing above 12350 can give breakout in bank nifty. So till the time this range is not broken one should not think about positional holding.

LAST WEEK CALLS PERFORMANCE

BHARTI AIRTEL 298 TO 304

HITACHI 173 TO 181

ORIENTAL BANK 191 TO 204

APOLLO TYRE 133 TO 146

SYMPHONY 610 TO 750

KOTAK BANK 753 TO 775

CENTURY TEXTILE 337 TO 352

CALLS FOR CURRENT WEEK

Buy L&TFH above 73.50 sl 69 target 77-85

Buy VOLTAS above 153 sl 144 target 158-165

Buy BEML above 280 sl 245 target 335-360

Buy SRF above 325 sl 300 target 365-397

Buy MAZDA above 134 sl 124 target 150-160

Buy BFUTILITI for delivery in range of 500-525 sl 420 target 650-750-900-1200

Buy COX AND KINGS above 170 sl 155 target 185-205

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