Nifty & Nifty Bank Weekly View for 09/04/2018 to 13/04/2018

WEEK ON WEEK NIFTY CLOSED WITH GAINS OF ABOUT 220 POINTS WHEREAS NIFTY BANK CLOSED WITH GAINS LITTLE OVER 600 POINTS.

FROM 9th APRIL 2018 WE ARE GOING TO START NEW TECHNICAL ANALYSIS BATCH (WEEKDAY) SESSIONS WILL BE CONDUCTED DAILY 1 HOUR (9 TO 10PM) FOR ABOUT 35-45 SESSIONS WITH LIVE MARKET SUPPORT FOR STRATEGIES DISCUSSED. FOR MORE DETAILS CALL 08866145155

OUR OLD BATCH PARTICIPANTS FEEDBACK ON OUR WORKSHOP CONDUCTED ARE AS UNDER:- 

ANOTHER PARTICIPANT FROM WEEKEND BATCH ALSO GAVE FEED BACK WHICH IS AS UNDER:- 

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

As said in our last post we expected upside and result is in front of us. 

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 10333 & 10019. But weekly close came at near resistance of 50 EMA so that is going to act as major resistance going forward. 

CONCLUSION


Now for next week 10440-10450 (spot) will be strong resistance on closing basis but if that  is cleared we shall be easy moves till 10600 or even above. 

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

As said by us that long term trendline is did its job and Bulls again managed close with good gains (weekly) 

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 24991 & 24160 respectively. But weekly close came at near resistance of 50 EMA so that is going to act as major resistance going forward. 

CONCLUSION

WE MAY SOME RANGEBOUND MOVES WITH SOME NEGATIVE BIAS IN THE WEEK BUT EXCEPT ANY DRAMA WE ARE NOT LOOKING FOR ANY CLOSE BELOW 10000 & 24000 

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We are going to start Fresh Technical Analysis Workshop from 2nd 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 

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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.