Nifty & Nifty Bank Weekly View for 09/07/2018 to 13/06/2018

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IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 10580-10800 FOR NIFTY AND ACTUAL RANGE REMAINED 10604-10816 SO MORE OR LESS MARKET RESPECTED OUR VIEW FOR NIFTY NOW FOR BANK NIFTY EXPECTED RANGE WAS 26100-26650 AND ACTUAL RANGE 26060-26610  SO SOMEHOW MARKET AGAIN RESPECTED OUR WITH WITH LEVERAGE OF FEW POINTS. 

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. 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 10295 & 10611 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. (OLD COMMENT) 

NOW FOR NEXT WEEK WE FEEL SOME FALL OR DIP CANT BE RULED OUT AS WE CAN SEE IN ABOVE CHART DOJI CANDLE IS FORMED WITH BULLS FACING RESISTANCE AT FALLING TRENDLINE AND HENCE PAST WEEK LOW (10605) MUST AS STRONG SUPPORT FOR WEEKLY CLOSE (NEXT WEEK) 

NEXT WEEK RANGE WOULD BE 10550-10850

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 25896 & 24964 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. (OLD COMMENT) 

NOW FOR NEXT WEEK WE FEEL SOME FALL OR DIP CANT BE RULED OUT AS WE CAN SEE IN ABOVE CHART DOJI CANDLE IS FORMED WITH BULLS FACING RESISTANCE AT RISING TRENDLINE AND HENCE PAST WEEK LOW (26060) MUST AS STRONG SUPPORT FOR WEEKLY CLOSE (NEXT WEEK) 

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.