WEEK ON WEEK NIFTY CLOSED WITH GAINS OF OVER 80 POINTS WHEREAS NIFTY BANK CLOSED WITH LOSS OVER 250 POINTS.
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next week.
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
Weekly 20 & 50 EMA comes at 10347 & 10037.
CONCLUSION
Next week if 10480-10500 is not broken on closing basis of 2 sessions we can upside till 10650-10680 levels.
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 25004 & 24230 respectively.
CONCLUSION
Next week if 24500-24600 is saved by bulls then more upside till 25400-25500 is possible on or before expiry.
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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.
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