Nifty & Nifty Bank Weekly View for 26/03/2018 to 28/03/2018

WEEK ON WEEK NIFTY CLOSED WITH LOSS OF ABOUT 200 POINTS WHEREAS NIFTY BANK CLOSED WITH LOSS LITTLE OVER 800 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 10200 (weekly close) then more upside can't be ruled out. But still we feel on daily basis 10130-10150 will be big resistance zone on closing basis.

Important levels for next week are 9610-9695-9750-9815-9870-9910-9985-10040-10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 10002 & 10356 respectively

CONCLUSION

IN NEXT 3 WEEKS NIFTY MAY TOUCH 9730-9740 ZONE. (BIAS IS NEGATIVE) (REPEAT COMMENT) BUT LOOKING AT TREND IF 9950 IS BROKEN ON CLOSING BASIS THEN OUR TARGET FOR 9730-9740 MAY COME EARLY THAN EXPECTED. 

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

Important levels for next week are 22980-23090-23215-23325-23445-23575-23630-23740-23810-23930-24010-24085-24150-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 24125 & 25081 respectively. 

CONCLUSION

TILL THE TIME BULLS ARE NOT ABLE TO CLOSE ABOVE 25000 BIAS IS NEGATIVE. (LAST WEEKLY POST COMMENT)

THIS WEEK WE FEEL TILL THE TIME BULLS ARE NOT ABLE TO CROSS 24500 ON WEEKLY CLOSE EVERY RISE WILL BE SOLD INTO WITH EXTENDED WEEKLY BEARISH PATTERN TARGET OF 23080-23120 ON OR BEFORE 1st WEEK OK APRIL (WEEKLY CLOSE) 

------------------------------------------------------------------------------

We are going to start Fresh Technical Analysis Workshop from 1st week of April 2018. Course Fees only 5000/- with online/Offline Support for 4 Months. Training Duration 35-45 hours depending on topic discussion. (Special focus on Open Interest and Option Chain Analysis) 

Interested traders are requested contact us on 08866145155 or nifty50striker@gmail.com 

------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE JOIN:- 

T.ME/NIFTY50STRIKER

------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE JOIN:- 

T.ME/NIFTY50STRIKER

------------------------------------------------------------------------------

SOCIAL MEDIA CONNECTION POINTS :- 

T.ME/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

FACEBOOK.COM/NIFTY50STRIKER

--------------------------------------------------------------------

IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

------------------------------------------------------------------------------

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.