Nifty & Nifty Bank Weekly View for 19/03/2018 to 23/03/2018

WEEK ON WEEK NIFTY CLOSED WITH LOSS OF ABOUT 30 POINTS WHEREAS NIFTY BANK CLOSED WITH GAINS OF ABOUT 300 POINTS.

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next week.

Nifty View

Lets have look at Nifty Weekly Chart

On weekly basis if for next week bulls managed to close 10440 (weekly close) then more upside can't be ruled out. but still we feel on daily basis 10320-10330 will be big resistance zone on closing basis. (Repeat Comment) 

Important levels for next week are 9985-10040-10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 10002 & 10394 respectively

CONCLUSION

IN NEXT 4 WEEKS NIFTY MAY TOUCH 9730-9740 ZONE. (BIAS IS NEGATIVE)

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

Important levels for next week are 23575-23630-23740-23810-23930-24010-24085-24150-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 25229 & 24144 respectively. 

CONCLUSION

TILL THE TIME BULLS ARE NOT ABLE TO CLOSE ABOVE 25000 BIAS IS NEGATIVE 

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