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Sunday 2 September 2018

Nifty & Nifty Bank Weekly View for 03/09/2018 to 07/09/2018

IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 11400-11750 FOR NIFTY AND ACTUAL RANGE REMAINED 11595-11760 NOW FOR NIFTY BANK EXPECTED RANGE WAS 27600-28700 AND ACTUAL RANGE 27966-28409 SO BARING FEW POINTS OUR EXPECTED RANGE WAS FULLY RESPECTED BY MARKET PARTICIPANTS...!!!

WE ARE GOING TO START 9th BATCH ON TECHNICAL ANALYSIS AND GOOD NEWS FOR ALL WORKING PROFESSIONAL IT WILL BE WEEKEND BATCH AND SESSIONS WILL BE CONDUCTED ON WEEKEND MORNINGS BETWEEN 8 AM TO 10 AM ONLY...!!! 

SESSION WILL BE CONDUCTED  ON WEEKEND FOR ABOUT 2 MONTHS. AFTER THAT WE ARE ALSO OFFERING ADDITIONAL 2 MONTHS ONLINE/OFFLINE SUPPORT. SO FOR TOTAL 4 MONTHS FULL SUPPORT WILL BE GIVEN TO ALL WORKSHOP PARTICIPANTS. TOTAL FEE FOR THESE 4 MONTHS IS JUST 7500/- EFFECTIVELY ABOUT 1875/MONTH...!!! FEEL FREE TO CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM IN CASE OF ANY QUESTIONS..!!!

INFACT ONE OF OUR SEPTEMBER WEEKEND TECHNICAL ANALYSIS WORKSHOP PARTICIPANT HAS RECOVERED ENTIRE FEE EVEN BEFORE STARTING OF OUR WORKSHOP BUT TRADING IN OUR BTST/STBT CALLS GIVEN ON OUR TELEGRAM CHANNEL AS WELL AS TELEGRAM CHANNEL BOT...!!!

NOW IF CALCULATE PROFIT ON OUR LAST WEEK BTST CALLS ONLY THEN IT IS ABOUT 52500/LOT..!!

IF YOU ARE EQUITY TRADER JOIN OUR TELEGRAM BOT FOR EQUITY & IF YOU ARE COMMODITY TRADER TOO THEN YOU CAN JOIN OUR TELEGRAM COMMODITY CHANNEL AS WELL. 

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


WEEK ON WEEK NIFTY CLOSED WITH GAINS OF 23 POINTS AT 11580 WHEREAS BANK NIFTY CLOSED WITH GAIN OF 227 POINTS AT 28062

NIFTY VIEW

Lets have look at Nifty Monthly Chart




















Different Wedge formations Bulls are already facing resistance at 11760 (higher end of rising wedge) now going forward weekly close above 11800 will important milestone for bulls. 
Lets have look at Nifty Weekly Chart


Weekly chart suggests more upside till 12000 (with leverage of 50 points) in this calender year. (Repeat comment) 

Lets have look at Nifty Daily Chart





11550-11600 will be strong support zone for Bulls for September Series. 

NOW FOR NEXT WEEK AGAIN 11745-11760 SHALL ACT AS STRONG RESISTANCE ZONE.

IMPORTANT MOVING AVERAGES 

Weekly 20 & 50 EMA comes at 11045 & 10590 respectively. 

SUPPORT & RESISTANCE LEVELS 

Important levels for next week are 10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

CONCLUSION

Good Support can be seen in 11625-11640 zone so Bulls will try to defend that whereas any close below that will open gates of 11550-11560 zone. 

NEXT WEEK RANGE WOULD BE 11400-11800

Nifty Bank View

Lets have look at Nifty Bank Monthly Chart

Nothing much impressive on monthly chart so not posting. 

Lets have look at Nifty Bank Weekly Chart



It is clear from chart that 28350-28400 is strong hurdle zone. (Repeat comment) 

Lets have look at Nifty Bank Daily Chart
























Ascending Triangle formation can be seen on Daily chart. Now only question is will Bulls be able to give Breakout or Bears will manage to give Breakdown...!!!

IMPORTANT MOVING AVERAGES

Weekly 20 & 50 EMA comes at 26916 & 25712 respectively. 

SUPPORT & RESISTANCE LEVELS

Important levels for next week are 25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

CONCLUSION

Bulls shall try to lift above 28380-28400 (Breakout zone) whereas Bears shall target 27780-27835 zone on lower side. 

NEXT WEEK RANGE WOULD BE 27600-28500

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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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