Nifty & Nifty Bank Weekly View for 25/06/2018 to 29/06/2018

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IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 10700-10980 FOR NIFTY AND ACTUAL RANGE REMAINED 10704-10849 WHEREAS FOR BANK NIFTY EXPECTED RANGE WAS 26200-26900 AND ACTUAL RANGE 26205-26830 SO MORE OR LESS UPPER CAPTION WAS RESPECTED BY MARKET PARTICIPANTS.

WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKEND BATCH (6th BATCH) FROM 21/07/2018 WITH 4 MONTHS WITH ONLINE/OFFLINE SUPPORT VIA TELEGRAM GROUP.  TO AVAIL EARLY BIRD 10% DISCOUNT (TILL 30/06/2018) OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 

WEEK ON WEEK NIFTY CLOSED WITH GAINS OF 19 POINTS WHEREAS BANK NIFTY CLOSED WITH GAINS OF 378 POINTS. 

Lets have look at Nifty Weekly Chart

Important levels for next week are 10460-10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 10269 & 10589 respectively. 

CONCLUSION

NOW FOR ENTIRE JUNE SERIES IF BULLS MANAGED TO SAVE 10500 ON CLOSING BASIS THEN ENTIRE SERIES RANGE WOULD BE 1000-11000.

NEXT WEEK RANGE WOULD BE 10750-10975

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

Important levels for next week are 25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 25684 & 24766 respectively. 

CONCLUSION

NOW FOR ENTIRE JUNE SERIES IF BULLS MANAGED TO SAVE 26000 ON CLOSING BASIS THEN FOR 3 SESSIONS IN ROW THEN ONLY MORE DOWNSIDE IS EXPECTED ON UPSIDE 27300-27500 ON DAILY CLOSING WILL ACT AS STRONG HURDLE. (REPEAT COMMENT)

FOR NEXT WEEK MORE OR LESS RANGE SHALL REMAIN 26350-26950

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