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Saturday 15 September 2018

Nifty & Nifty Bank Weekly View for 17/09/2018 to 21/09/2018

IN LAST WEEKLY POST WHEN WE HAD MENTIONED 11680-11200 & 27800-26700 RANGE FOR NIFTY & NIFTY BANK SOME READERS AS WELL FOLLOWERS HAD DOUBT OVER GIVEN LEVELS ON LOWER SIDE ESPECIALLY...!!! THERE WE HAD UPDATED RANGE ON OUR DAILY BLOG POST ALSO...!!!

ACTUAL HIGH AND LOW MADE WERE AS 11250-11573 & 26555-27405...!!!

ANYWAY WE ARE GOING TO CONDUCT 2 FREE WEBINARS 

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SESSIONS WILL BE CONDUCTED ON WEEKDAYS FOR ABOUT 2 MONTHS OR ABOUT 30-40 HOURS (DEPENDING ON DISCUSSIONS DURING SESSIONS). AFTER THAT WE ARE ALSO OFFERING ADDITIONAL 2 MONTHS  ONLINE/OFFLINE SUPPORT. SO FOR TOTAL 4 MONTHS FULL SUPPORT SHALL BE GIVEN TO ALL WORKSHOP PARTICIPANTS. FEES FOR SAID WORKSHOP IS 7500/- FOR 4 MONTHS...!!! 

INFACT IN CASE OF GROUP BOOKING IN THIS BATCH WE ARE OFFERING DISCOUNT UPTO 33%...!!! FEEL FREE TO CALL ON 08866145155/09067750730 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM IN CASE OF ANY QUESTIONS...!!!

FROM NEXT BATCH WE ARE GOING TO REVISE FEE STRUCTURE (BOTH WEEKDAY AS WELL ASS WEEKEND) 


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


WEEK ON WEEK NIFTY CLOSED WITH LOSS OF 74 POINTS AT 11515 WHEREAS BANK NIFTY CLOSED WITH LOSS OF 317 POINTS AT 27164

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. (Repeat Comment) 

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) 

FOR SEPTEMBER SERIES WE FEEL THAT BULLS WONT BE ABLE TO LIFT NIFTY ABOVE 11770 (EXCEPT LAST 2 DAYS OF SERIES) (REPEAT COMMENT)  

Lets have look at Nifty Daily Chart



For next week 11615 will be big hurdle for Bulls to clear on closing basis. Close below 11390-11400 will Fuel Bears Vehicle till 11245 levels. (VIEW SHARED IN LAST WEEKLY POST) 

Important levels for next week shall be 11520-11465-11425-11380-11330-11245 (FOR POSITIONAL TRADERS) (LEVELS SHARED IN LAST BLOG POST FOR POSITIONAL TRADERS AND LOW OF 11250 WAS MADE THUS LEVELS RESPECTED BY MARKET PARTICIPANTS)  

NOW GOING FORWARD BULLS SHALL BE TARGETING CLOSE ABOVE 11565 & 11640 LEVELS WHERE BEARS SHALL TRY THEIR BEST FOR CLOSE BELOW 11370. 

IMPORTANT MOVING AVERAGES 

Weekly 20 & 50 EMA comes at 11137 & 10664 respectively. 

SUPPORT & RESISTANCE LEVELS 

Important levels for next week are 10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

CONCLUSION

ONE MORE FALL TILL 11400 NIFTY IS PENDING IN NEXT WEEK. CLOSE BELOW 11380-11400 ZONE MAY LEAD TO MORE PAIN TILL 11280-11300 ZONE. (LAST BLOG POST CONCLUSION WHICH WAS RESPECTED FULLY) 

IMPORTANT LEVELS 11760-11640-11565-11505-11445-1131 & 11250 FOR POSITIONAL TRADERS 

NEXT WEEK RANGE 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) 

Another Trendline(T6) formation can be seen and that indicates some more pain in Bulls camp with probable downside till 26770-26800 zone...!!! (RESPECTED FULLY BY BEARS IN PAST WEEK) 

Lets have look at Nifty Bank Daily Chart





















GOING FORWARD 26900-27000 MUST ACT AS STRONG SUPPORT ZONE FOR NEXT WEEK. 

IMPORTANT MOVING AVERAGES

Weekly 20 & 50 EMA comes at 26988 & 25836 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

NEXT WEEK RANGE WOULD BE 26700-27800 (VIEW SHARED IN LAST BLOG POST)

GOING FORWARD IMPORTANT LEVELS FOR POSITIONAL TRADERS ARE 28389-27956-27688-27472-27256-26988-26555 (FOR NIFTY BANK) 

EXPECTED RANGE 26900-27700

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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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