THANK YOU BEARS FOR RESPECTING OUR VIEW TO FULLEST...!!!
IF WE DISCUSS ABOUT LAST WEEK RANGE FOR NIFTY IT REMAINED BETWEEN 10931-10620 FOR NIFTY BANK IT WAS 27306-26635 WHEREAS OUR EXPECTED RANGE WAS 11200-10700 & 26400-27700...!!!
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IF WE DISCUSS ABOUT LAST WEEK RANGE FOR NIFTY IT REMAINED BETWEEN 10931-10620 FOR NIFTY BANK IT WAS 27306-26635 WHEREAS OUR EXPECTED RANGE WAS 11200-10700 & 26400-27700...!!!
If you are interested in getting trading views & charts posts (for education and record purpose only) then please subscribe our Telegram Channel or you can follow us on our Twitter handle
NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY
NIFTY VIEW
Lets have look at Nifty Monthly Chart
For remain sessions of this series we are not expecting Nifty below 10500 on closing basis. (No need to review again)
Lets have look at Nifty Weekly Chart
Past week being 2 big events (Expiry & Budget) we are ignoring moves below rising wedge trendline. Nothing significant can be found at present. (Previous blog post comment)
Rising wedge formation can be seen but we are not considering same as it is in expanding wedge formation which is in consolidation mode. (No need to review again)
Lets have look at Nifty Daily Chart
Perfect wedge formation can be seen. Now going forward closing basis 10700 shall key levels for market participants. (Previous blog post comment)
For next week 10830-10860 on daily closing basis shall be decide of next 150 points 1 sided move.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10800, 10687 & 10286 respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 9685-9710-9735-9770-9790-9815-9840-9860-9885-9910-9935-9955-10005-10045-10075-10110-10140-10180-10225-10270-10295-10325-10350-10380-10415-10460-105000-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
NEXT WEEK RANGE 10600-11000
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
FURTHER ARE EXPECTING NEW LIFE HIGH FOR NIFTY BANK IN THIS CALENDAR QUARTER. (REPEAT COMMENT) NO NEED TO RE-ANALYSE OR RE-STUDY AGAIN. (REPEAT COMMENT)
NO NEED RE-STUDY AGAIN (No need to review again)
Lets have look at Nifty Bank Weekly Chart
EXPECTED RANGE 26400-27500
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10600-11000
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
NO NEED RE-STUDY AGAIN (No need to review again)
Big Doji candle shows good fight between Bulls & Bears..!!! (Previous blog post comment)
Wedge formation can be seen.(No need to review again)
Lets have look at Nifty Bank Daily Chart
Expectation was 27500 wont be cleared on closing basis. On Thursday 27589.75 high was made but Bulls failed to close above 27500. (Previous blog post comment)
Still Demand zone is not touched so we feel that one fall till that zone is pending.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26221, 26770 & 24872 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
Wedge formation can be seen.(No need to review again)
Lets have look at Nifty Bank Daily Chart
Expectation was 27500 wont be cleared on closing basis. On Thursday 27589.75 high was made but Bulls failed to close above 27500. (Previous blog post comment)
Still Demand zone is not touched so we feel that one fall till that zone is pending.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26221, 26770 & 24872 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
EXPECTED RANGE 26400-27500
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