BRUTAL BEARS...!!!
IN OUR LAST WEEKLY BLOG POST WE HAD GIVEN RANGE OF 10700-11200 FOR NIFTY WHEREAS FOR NIFTY BANK GIVEN RANGE WAS 24000-25500 BUT RIGHT AFTER MONDAY'S SESSION WE HAS REVISED OUR VIEW IN OUR DAILY BLOG POST THAT WE ARE EXPECTING MORE DOWNSIDE TILL 10550-10600 WHICH WAS FULL RESPECTED TILL THURSDAY'S SESSION AGAIN ON THURSDAY BLOG POST WE HAD GIVEN CLEAR CAUTION THAT WE ARE EXPECTING MORE DOWNSIDE BUT YES WE DO AGREE FALL OF ABOUT 300 POINTS WAS OUR EXPECTATION IN FRIDAY'S SESSION...!!!
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IN OUR LAST WEEKLY BLOG POST WE HAD GIVEN RANGE OF 10700-11200 FOR NIFTY WHEREAS FOR NIFTY BANK GIVEN RANGE WAS 24000-25500 BUT RIGHT AFTER MONDAY'S SESSION WE HAS REVISED OUR VIEW IN OUR DAILY BLOG POST THAT WE ARE EXPECTING MORE DOWNSIDE TILL 10550-10600 WHICH WAS FULL RESPECTED TILL THURSDAY'S SESSION AGAIN ON THURSDAY BLOG POST WE HAD GIVEN CLEAR CAUTION THAT WE ARE EXPECTING MORE DOWNSIDE BUT YES WE DO AGREE FALL OF ABOUT 300 POINTS WAS OUR EXPECTATION IN FRIDAY'S SESSION...!!!
WE ARE GOING TO CONDUCT FREE WEBINAR ON DEMAND & SUPPLY ZONE ON 29/09/2018 AT 2000 HRS TO REGISTER CLICK HERE
WE ARE GOING TO CONDUCT FREE WEBINAR ON INTRADAY TRADING ON 19/10/2018 AT 2100 HRS TO REGISTER CLICK HERE
IF YOU HAVE CAPITAL MORE THAN 200000/- THEN WE HAVE GOOD NEWS FOR YOU...!!! WE ARE OFFERING 100% FEE BACK OFFER FOR YOU IF YOU ARE JOINING OUR 1st BATCH ON TECHNICAL ANALYSIS + OPTION TRADING FROM 21/10/2018 FOR MORE DETAIL CONTACT US ON 08866145155 OR 09067750730
JOIN TELEGRAM CHANNEL BOT GET FREE POSITIONAL BTST/STBT AS WELL AS INTRADAY TRADING VIEWS...!!!
NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY
WEEK ON WEEK NIFTY CLOSED WITH LOSS OF 614 POINTS AT 10316 WHEREAS BANK NIFTY CLOSED WITH LOSS OF 677 POINTS AT 24443
NIFTY VIEW
Lets have look at Nifty Monthly Chart
Different Wedge formations are in place Bulls faced 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 Monthly Chart
BUT GOOD PART IS THAT IN THIS CHART WE CAN SEE THAT T3 TRENDLINE IN WEDGE ACTED AS SUPPORT TIME BEING; NOW GOING FORWARD NEXT WEEK SHALL BE IMPORTANT FOR BULLS TO COME BACK. (Repeat Comment)
T2 TRENDLINE MUST DO IT JOB IN THIS MONTHLY NOW.
T2 TRENDLINE MUST DO IT JOB IN THIS MONTHLY NOW.
Lets have look at Nifty Weekly Chart
OLD CHART
FRESH UPDATED CHART
Weekly chart suggests more upside till 12000 (with leverage of 50 points) in this calendar year. (Repeat comment) (SEEMS DIFFICULT NOW)
OLD CHART
Weekly chart suggests more upside till 12000 (with leverage of 50 points) in this calendar year. (Repeat comment) (SEEMS DIFFICULT NOW)
HERE WE CAN SEE THAT IN RISING CHANNEL FORMATION ANOTHER SYMMETRICAL FORMATION IS ALSO THERE BUT AFTER BREAKOUT BULLS DID NOT ABLE TO COMPLETE TARGET NOW 10800-10850 MUST ACT AS STRONG SUPPORT FOR SYMMETRICAL PATTERN TARGET OF 11900-11950 WHICH IS ALSO MORE OR LESS NEAR TO RISING CHANNEL TRENDLINE...!!! (FULLY RESPECTED BY MAKING LOW OF 10850.30 IN PAST WEEK) (OLD COMMENT)
GOING FORWARD WEEKLY CLOSE BELOW 10800 SHALL NEGATE THIS VIEW COMPLETELY...!!! (AS SAID EARLIER THIS PATTERN FAILED COMPLETELY)
GOING FORWARD NOW ROAD AHEAD FOR BULLS SHALL NOT BE THAT DIFFICULT AS IT HAD BEEN IN LAST 2 WEEKS...!!!
10150-10200 MUST ACT AS STRONG SUPPORT UPCOMING WEEK...!!!
Lets have look at Nifty Daily Chart
WE CAN SEE BEARS MANAGED TO FORM AGGRESSIVE BEARISH PATTERN AND SOMEHOW TARGET WAS ALSO ACHIEVED IN QUICK TIME.
GOING FORWARD WE FEEL THAT 10150-10170 SHALL ACT AS STRONG SUPPORT ZONE BELOW THAT 10085 SHALL BE IMPORTANT SUPPORT LEVEL.
EXCEPT ANY MAJOR DRAMA (NEWS) WE ARE NOT EXPECTING CLOSE BELOW 10000 FOR SPOT NIFTY FOR 3 DAYS IN ROW IN THIS SERIES.
IMPORTANT MOVING AVERAGES
GOING FORWARD WE FEEL THAT 10150-10170 SHALL ACT AS STRONG SUPPORT ZONE BELOW THAT 10085 SHALL BE IMPORTANT SUPPORT LEVEL.
EXCEPT ANY MAJOR DRAMA (NEWS) WE ARE NOT EXPECTING CLOSE BELOW 10000 FOR SPOT NIFTY FOR 3 DAYS IN ROW IN THIS SERIES.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 11042, 10677 & 10096 respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 10110-10140-10180-10225-10270-10295-10325-10350-10380-10415-10460-105000-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
NEXT WEEK RANGE 10050-10600
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
NOW WE FEEL THAT THIS CLOSE BELOW RISING TRENDLINE IS BIT PAINFUL FOR BULLS. GOING FORWARD IMMEDIATE SUPPORT COMES AT 24000-24100 ZONE ON MONTHLY CHART AS PER GIVEN NEWLY FORMED EXPANDING WEDGE. (REPEAT COMMENT)
BUT GOOD THING IS THAT WE ARE NOT ABLE TO SEE ANY LOW BELOW THIS EXPANDING WEDGE...!!!
Lets have look at Nifty Bank Weekly Chart
WITH BREAKDOWN IN FALLING CHANNEL PATTERN BEARS MANAGED TO COMPLETE TARGET AS WELL...!!! (OLD VIEW)
24500-24400 & 23620-23650 ARE STRONG SUPPORT ZONES. (OLD COMMENT)
NOW GOING FORWARD 24100-24200 MUST ACT STRONG SUPPORT IN NEXT WEEK.
Lets have look at Nifty Bank Daily Chart
OLD CHART
AGGRESSIVE BEARISH PATTERN IS IN FORMATION WHICH MAY LEAD TO MORE PAIN IN BULLS CAMP. (OLD COMMENT)
LOOKING AT STRUCTURE LOWER SIDE TARGETS ARE 24930-24560-24260-23960-23600-23000 (OLD COMMENT)
LAST WEEK LOW WAS 24250 WHICH WAS COMPLETELY RESPECTED BY MARKET PARTICIPANTS WHICH WAS ALSO 3rd TARGET ON DOWNSIDE.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26474, 25746 & 24089 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
EXPECTED RANGE 23900-25200
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10050-10600
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
BUT GOOD THING IS THAT WE ARE NOT ABLE TO SEE ANY LOW BELOW THIS EXPANDING WEDGE...!!!
Lets have look at Nifty Bank Weekly Chart
24500-24400 & 23620-23650 ARE STRONG SUPPORT ZONES. (OLD COMMENT)
NOW GOING FORWARD 24100-24200 MUST ACT STRONG SUPPORT IN NEXT WEEK.
Lets have look at Nifty Bank Daily Chart
OLD CHART
FRESH UPDATED CHART
LOOKING AT STRUCTURE LOWER SIDE TARGETS ARE 24930-24560-24260-23960-23600-23000 (OLD COMMENT)
LAST WEEK LOW WAS 24250 WHICH WAS COMPLETELY RESPECTED BY MARKET PARTICIPANTS WHICH WAS ALSO 3rd TARGET ON DOWNSIDE.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26474, 25746 & 24089 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
EXPECTED RANGE 23900-25200
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