Nifty & Nifty Bank Weekly View for 12/03/2018 to 16/03/2018

WEEK ON WEEK NIFTY CLOSED WITH LOSS OF ABOUT 332 POINTS WHEREAS NIFTY BANK CLOSED WITH LOSS OVER 700 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. 

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 9994 & 10415 respectively

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 25307 & 24130 respectively. 

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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.