Nifty & Nifty Bank Weekly View for 25/06/2018 to 29/06/2018

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IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 10750-10975 FOR NIFTY AND ACTUAL RANGE REMAINED 10557-10831 WHEREAS FOR BANK NIFTY EXPECTED RANGE WAS 26350-26950 AND ACTUAL RANGE 26161-26805 SO SOMEHOW WE FAILED TO PREDICT EXPECTED MOVES. 

WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKEND BATCH (6th BATCH) FROM 21/07/2018 WITH 4 MONTHS WITH ONLINE/OFFLINE SUPPORT VIA TELEGRAM GROUP.  TO AVAIL EARLY BIRD 10% DISCOUNT (TILL 02/07/2018 - EXTENDED FOR 2 DAYS ) OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

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

WEEK ON WEEK NIFTY CLOSED WITH LOSS OF 107 POINTS WHEREAS BANK NIFTY CLOSED WITH LOSS OF 303 POINTS. 

Nifty Bank View

Lets have look at Nifty Weekly Chart

Important levels for next week are 10460-10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 10275 & 10594 respectively. 

CONCLUSION

NOW FOR ENTIRE JULY SERIES IF BULLS MANAGED TO SAVE 10600 ON CLOSING BASIS THEN ENTIRE SERIES RANGE WOULD BE 10600-11000. ANY CLOSE ON EITHER SIDE OF EXPECTED RANGE ON CLOSING BASIS (LEVERAGE OF 25 POINTS) THEN MORE 100-150 POINTS MOVE ON SAME CANT BE RULED OUT. 

NEXT WEEK RANGE WOULD BE 10580-10800

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

Important levels for next week are 25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 25834 & 24901 respectively. 

CONCLUSION

NOW FOR ENTIRE JULY SERIES IF BULLS MANAGED TO SAVE 26000 ON CLOSING BASIS THEN ENTIRE SERIES RANGE WOULD BE 26000-27000. ANY CLOSE ON EITHER SIDE OF EXPECTED RANGE ON CLOSING BASIS (LEVERAGE OF 50 POINTS) THEN MORE 200-250 POINTS MOVE ON SAME CANT BE RULED OUT. 

FOR NEXT WEEK MORE OR LESS RANGE SHALL REMAIN 26100-26650

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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.