Nifty & Nifty Bank Weekly View for 21/05/2018 to 25/05/2018

शनिवार और रविवार को हमने दो निशुल्क वेबिनार का आयोजन किया है ! पंजीकरण हेतु लिंक पर क्लिक करे ! ऑप्शन https://meetinglab.zoho.com/register?sessionId=9346521777 बोलिंगर बैंड https://meetinglab.zoho.com/register?sessionId=3903070942


NOW LETS FIRST SEE WHAT WE HAD SAID ABOUT PAST WEEK FOR NIFTY...!!!

NIFTY VIEW

BANKNIFTY VIEW 

NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 

NIFTY CLOSED WITH LOSS OF 200 POINTS WHEREAS BANK NIFTY CLOSED WITH LOSS OVER 525 POINTS. 

Lets have look at Nifty Weekly Chart

NOW IF WE SEE OVER ALL TREND THEN NEXT WEEK 2 LEVELS ON DOWNSIDE SHALL PLAY CRUCIAL ROLE WHICH ARE 10555 & 10440

Important levels for next week are 9610-9695-9750-9815-9870-9910-9985-10040-10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760-10785-10830-10885-10970-11045-11100 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 10470 & 10150

CONCLUSION

NOW FOR ENTIRE MAY SERIES IF BULLS MANAGED TO SAVE 10500 ON CLOSING BASIS THEN BY JUNE EXPIRY WE MAY SEE NEW LIFE HIGH FOR NIFTY BUT IF SEE 2 CLOSES BELOW 10500 THEN AGAIN BEARS MAY DRAG NIFTY NEAR TO 10000 LEVELS. (REPEAT COMMENT) 

FOR NEXT WEEK MORE OR LESS RANGE WOULD BE 10700-10400 

BUT IF WE SEE WEEKLY CLOSE ABOVE 10700 THEN BULLS SHALL GET MORE CONFIDENT FOR NEW LIFE HIGH IN MONTH OF JUNE WHEREAS IF BEARS MANAGE TO CLOSE BELOW 10400 THEN NEW LIFE SHALL REMAIN DREAM FOR BULLS.

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

NOW IF WE SEE OVER ALL TREND THEN NEXT WEEK 2 LEVELS ON DOWNSIDE SHALL PLAY CRUCIAL ROLE WHICH ARE 25685 & 25288

Important levels for next week are 22980-23090-23215-23325-23445-23575-23630-23740-23810-23930-24010-24085-24150-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25880-25925-26135-25335-26425-26615-26760-26890-27065-27250-27400 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 25286 & 24468 respectively. 

CONCLUSION

NOW FOR ENTIRE MAY SERIES IF BULLS MANAGED TO SAVE 24500 ON CLOSING BASIS THEN BY JUNE EXPIRY WE MAY SEE NEW LIFE HIGH FOR NIFTY BANK TOO BUT IF SEE 2 CLOSES BELOW 24500 THEN AGAIN BEARS MAY DRAG NIFTY NEAR TO 23500 LEVELS. (SHARED IN OUR PREVIOUS WEEKLY POSTS) 

FOR NEXT WEEK MORE OR LESS RANGE SHALL REMAIN 26175-25280


BUT IF WE SEE WEEKLY CLOSE ABOVE 26200 THEN BULLS SHALL GET MORE CONFIDENT FOR NEW LIFE HIGH IN MONTH OF JUNE WHEREAS IF BEARS MANAGE TO CLOSE BELOW 25280 THEN NEW LIFE SHALL REMAIN DREAM FOR BULLS.

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