Nifty & Nifty Bank Weekly View for 05/03/2018 to 09/03/2018

WEEK ON WEEK NIFTY CLOSED WITH LOSS OF ABOUT 33 POINTS WHEREAS NIFTY BANK CLOSED WITH LOSS OF 400 POINTS. 

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

DUE TO SOME TECHNICAL ISSUE WE ARE NOT ABLE TO ADD CHARTS IN CURRENT POST BUT PLEASE NOTE LEVELS 

Nifty View

Important levels for next week are 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 10528 & 10435 respectively

Overall bias is negative and we may see Nifty below 10276 if previous low of 10340 is broken on closing basis. 

Nifty Bank View

Important levels for next week are 24254-24382-24514-24650-24810-25065-25150-25220-25340-25455-25650 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 25399 & 25414 respectively

Overall bias is negative and we may see Nifty bank below 24600 if previous low 24781 is broken on closing basis. 

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Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance.