NIFTY BANK VIEW

Nifty bank (24959)

▪Nifty bank rose to 25000 from its lows of 24400 closed with a normal hammer candle.

 ▪It has a stiff resistance for the day at 25050 and 25250.

▪On crossing 25050 it can show rice 25750 but if faces resistance at 25050 it can again shed down to 24500 and 400 levels.

NIFTY 50 VIEW

Nifty 50 (10250)

▪Nifty yesterday rallied from 10020 lows of the day with volumes and rose to 10275 with a bullish engulfing candle. 

▪It has a short term resistance at 10312 for today if maintains above this it can show 10412..10530..1550

10550 is a stiff resistance as of now. 

▪The positional trend is still down and support lies at 10000... 9940 for the day.

NIFTY BANK VIEW

Nifty Bank (24421)

▪Nifty bank had hold from last week the support zone of 25000 but it has broke it this week on closing basis and now is heading towards 23800 for this week.

▪24200-24250 is a bounce back zone for the week in charts. 

▪It can also act as hold or break level for the index.

▪Below 24200, it can show 23800-23600. 

▪Any bounce from 24200, can show 24700-24920.

NIFTY 50 VIEW

Nifty 50 (10030)

▪Nifty has shed to new low this week on closing basis but above the weekly bounce back zone of 10020 

▪It had breached the bounce back zone with a new low of 10004. 

▪The trend is still indicating downtrend in charts but as the index is in oversold zone and shed around 16% from record highs soon reversal can take over.

▪All supports 9940-10020 can act as good reversal and the index can rise to 10290-10340

▪Break through 9940, can shed the index to 9840-9730.

NIFTY BANK VIEW

Nifty bank (24817)

▪Nifty bank traded in a very narrow range yesterday and formed a neutral doji indicating it can move both ways today.

▪On trading above 24980, it can show 25140-25340. 

▪Below 24690, again selling pressure will take over and it can show 24540..24480 levels during intraday.

NIFTY 50 VIEW

Nifty 50 (10124)

▪Nifty yesterday though being expiry day traded in a very narrow range 10079-10166.

▪It formed a new 52 week low but failed to sustain below the lower levels.

▪10020 is weekly bounce back zone if holds this and trades above 10130, it can show 10166..10214..10304

▪Trading below 10070, it can slip to 10000...9940 (the last hope of support).

NIFTY BANK VIEW

Nifty bank (25064)

▪Nifty bank yesterday had shown reversal signals trading above 25000.

▪Today if it holds 24700, it can again resume above 25360 and show 25600. 

▪Trading below 24700, it can show 24570.

▪Today being monthly expiry trading session can be volatile.

NIFTY 50 VIEW

Nifty 50 (10224)

▪Nifty is trading in a range around 10000 zone but fails to bounce back.

▪Today opening can be gap down as SGX is trading at -131.

▪9989 can act as support zone for the day. 

▪Today nifty can touch its positional support of 9940. 

▪10300-10380 can act as resistance for the day.

NIFTY 50 VIEW

Nifty 50 (10146)

▪Nifty has formed an gap and island formation which indicates a selling pattern.

▪Now 10240..10400 will act as stiff resistance. 

▪Break below  10100 can take it to 10038...10000...9960

▪Trading above 10240 can show pull back from these levels and show 10280...10340

NIFTY BANK VIEW

Nifty bank (24972)

▪Nifty bank has hold the zone of 24700 and gave a closing ABV 24900 

▪Today on trading above 25200 ..it can show 25300..25500

▪Below 24760 it can again shed to 24400

NIFTY BANK VIEW

NIFTY BANK [25188]

▪ALIKE, NIFTY 50, NIFTY BANK TOO SHED AFTER A POSITIVE OPENING.

▪TRADES BELOW 25050, WILL BRING FURTHER FALL IN THE INDEX TOWARDS 24880-24790.   

▪HOPE OF MINOR RECOVERY RISES ABOVE 25400 TOWARDS 25700 ZONE.

NIFTY 50 VIEW

NIFTY 50 [10453]

▪ON FRIDAY, NIFTY SHOWED A POSITIVE OPENING BUT FAILED TO SUSTAIN AT HIGHER LEVELS, SHED MORE THAN 270 POINTS.

▪TODAY, IF SUSTAINS BELOW 104010, IT CAN SLIDE TO 10350-10290-10260 AREA.

▪TRADES ABOVE 10500, WILL BRING SOME UPWARD MOVEMENT IN THE INDEX TOWARDS 10530-10550-10570 ZONE.

NIFTY BANK VIEW

NIFTY BANK [25388]

▪AFTER SHEDDING 300 POINTS IN THE FIRST HALF, NIFTY BANK RECOVERED IN LATER PART OF THE SESSION, FINALLY THE DAY ENDED-UP FORMING A HAMMER AROUND ITS MULTIPLE TOP ZONE OF 25460.

▪TODAY, ON SUSTAINING ABOVE 25470, IT CAN SHOW 25520-25650-25720 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 25190-25160 AREA, BELOW WHICH THE INDEX CAN SLIDE TO 25000 ZONE.

NIFTY 50 VIEW

NIFTY 50 [10512]

▪YESTERDAY, AFTER SHEDDING ALMOST 100 POINTS IN THE FIRST HALF, NIFTY RECOVERED IN LATER PART OF THE SESSION BUT FAILED TO CROSS ITS SHORT-TERM RESISTANCE OF 10530. 

▪TODAY, IF IT SUSTAINS ABOVE 10530, IT CAN SHOW 10555-10585-10605 LEVELS.

▪SHORT-TERM SUPPORT ZONE CAN BE AROUND 10480, BELOW WHICH THE INDEX CAN SLIDE TO 10440-10420 ZONE.

NIFTY BANK VIEW

Nifty Bank (25395)

• Nifty Bank has shown positive move last day of the week and gave a bullish engulfing candle closing in weekly charts.

• Now on trading above 25500, it can resume uptrend and show 25600-25790-25840-26000 levels in this week.

• Support lies at 25200-24900 zone.

NIFTY 50 VIEW

Nifty (10472)

• Nifty on Friday showed positive opening and broke it's resistance zone of 10482 forming a new high of 10492.

• Nifty has formed a doji reversal candle above its bounce back zone of 9980-9950 in weekly charts.

• Trading above 10530 zone uptrend can resume and it can show 10600-10720-10770-10820 levels in this week.

• Support lies at 10360-10250 zone.

NIFTY BANK VIEW

Nifty bank (24783)

▪Nifty bank opened below previous day low 24559 and showed 24493 and closed with an inverted hammer .

▪Today on trading above 24940 it can show 24984-25185

▪Trading below 24490 selling pressure can take over and it can slide to 24540-24300

NIFTY 50 VIEW

Nifty 50 (10234)

▪Nifty opened with a gap down opening but filled the gap in the later part of the day 

▪It gave a closing with an inverted hammer candle formation

▪Today it has to trade above 10340 to show 10430-10480 and catch its previous day reversal mode .

▪Trading below 10130 can take it to 10040-9982

NIFTY BANK VIEW

Nifty bank (25321)

▪Nifty bank has formed a bullish engulfing candle yesterday after a series of doji hammers consolidation of last week.

▪Today it has to trade above 25380 and show 25470..25525 ..25608

▪Trading below 25000 can again slide it to 24800..24465

▪Any breakout after consolidation indicates the trend reversal signals and in the case of banknifty it is with a positive candle formation so the higher levels can be seen soon.

NIFTY 50  VIEW

Nifty 50 (10460)

▪Nifty showed a very sharp move with a positive W pattern formation after breaking the double top of 10398 with volume.

▪Today above 10490 it can rise 10538...10584..10748

▪Break below 10190 it can show ....10000.....9954 and will be a sign of worry again.

▪Today, it might open lower as per global market cues.

NIFTY BANK VIEW

Nifty Bank (24618)

▪Nifty Bank yesterday had hold the zone of 24240 and closed with a neutral candle with a kind of double bottom formation.

▪Index recovered from the days low in the second half closing with positive sign. 

▪Today on trading above 24750, it can show 25000-25100.

▪Trading below 24240 it can show 24030-23970-23820.

NIFTY 50 VIEW

Nifty (10348)

▪Nifty yesterday broke weekly low of 10250 and formed a new low of 10198 with a hammer doji positive candle formation.

▪Today, to reverse into uptrend it has to trade above 10400 and show 10430-10470-10500, holding lows of yesterday 10198.

▪Trading below 10190 can bring the selling pressure back in the market and it can fall to 10120-9950.

NIFTY BANK VIEW

Nifty Bank (24443)

• Nifty bank shed down to its weekly support 24300 but has hold its monthly range.

• This week if sheds below 24250 can shed to 23900-23600 to its previous fall support zone holds and resume it can rise to 25000.

• Below 24600 can again create momentum of selling pressure in the index.

NIFTY 50 VIEW

Nifty 50 (10316)

• Nifty has broken mostly all supports last week crossing the weekly range and completing its monthly range on the 5th of the month.

• There are no signs of recovery and downtrend still prevails in the index. 

• It can slip to 10000-9950 zone very soon can bounce from there. 

• Resistance lies at 10500-10600. 

• Opening next week and closing on Monday can further show the direction in market.

NIFTY BANK VIEW

Nifty bank (24819)

▪Bank nifty also gave a gap down opening but had hold 24500 and bounced back giving a close with a hammer doji formation.

▪Today if it trades above 24900 reversal can take place from this down trend if closes above 24900. 

▪Resistance levels for the day are 24970..25120  ..25500

▪Support lies at 24580..24350

NIFTY 50 VIEW

Nifty 50 (10599)

▪Nifty yesterday gave a gap down opening and maintained to remain in downtrend all through the day.

▪It showed a small pull back twice due to volatility of bank nifty expiry but gave close below 10600 near the low of the day.

▪Today if it shows one more gap down selling will take over the index and it can show 10520..10430..10220 

▪If nifty holds 10540 levels and trades above 10650 it can show 10720..10840

NIFTY BANK VIEW

Nifty Bank (25069)

▪Nifty bank traded in the same range of last 5..7 trading days 
25600...24700 and faced resistance at 25470 .

▪It slipped down towards 25000 

▪Today if trades below 25000 it can show 24700..24600

▪Trading above 25200 pull back can be seen in the index towards 25400..25600

NIFTY 50 VIEW

Nifty 50 (10858)

▪Nifty did not sustained above 11050 the positive formation and shed down towards previous day low and made 10858.

▪today if trades below 10850 it can shed to 10780...10750 

▪On trading above 10990 pull back can take nifty to 11050 ..11140

NIFTY BANK VIEW

Nifty bank (25376)

▪Nifty bank has broke its strong bounce back zone of 26000-26100 and now is trading around 25000.

▪Nifty bank has shed down to its maximum support range of the month with a low of 24678 on Tuesday.

▪- any  rise ABV 25540 can ride the index to 25740- 26000..

▪-below 25180 it can further shed to 25000-24940.

NIFTY 50 VIEW

Nifty 50 (11053)

▪Nifty charts have mixed signals might be due to expiry today.

▪Daily Charts have drawn selling pattern formation but is around its strong support and bounce back area of 10800..10740

▪It is trading near its support zone of 11020..11050 .

▪Holding this it can show pull back to 11130-11220.

▪Trading below 11000 can show sharp fall towards 11890.

NIFTY BANK VIEW

NIFTY BANK [25330]

▪ALIKE, NIFTY 50, NIFTY BANK TOO RECOVERED SHARPLY IN THE LAST HOUR OF TRADE & MANAGED TO CLOSE ABOVE 25300 MARK.

▪SHORT-TERM CHARTS INDICATE A REVERSAL TOWARDS 25590-25650-25720 AREA.

▪NOW 25120 IS ACTING AS A SHORT-TERM SUPPORT FOR THE INDEX.

NIFTY 50 VIEW

NIFTY 50 [11067]

▪AFTER CONSOLIDATING FOR THE ENTIRE SESSION, NIFTY SURGED SHARPLY IN THE LAST HOUR & MANAGED TO CLOSE ABOVE 11000 MARK.

▪SHORT-TERM CHARTS INDICATE A REVERSAL TOWARDS 11130-11160-11190 AREA.

▪NOW 11030-11010 IS ACTING AS A SHORT-TERM SUPPORT FOR THE INDEX.

NIFTY BANK VIEW

Nifty Bank (24970)

▪Nifty Bank has broke it's bounce back zone of 26000 with bearish engulfing candle. 

▪It can soon show 24700 levels the positional support zone.

▪Any pull back can take it to 25440-25900.

▪Gates are open to show lower levels.

NIFTY 50 VIEW

Nifty 50 (10967)

▪Nifty yesterday broke it's bounce back zone of 11000 on closing basis. 

▪Today if trades below 10940, it can shed to 10750-10700 the next bounce back zone.

▪Trading above 11040, can show pull back to 11108-11250.  

▪The selling patterns are still active so sell on rise can be the strategy for the day.

NIFTY BANK VIEW

Nifty bank (25596)

• Nifty bank broke it's major support zone of 26100 and made a low of 25053 with a fall of 1400 points.

• Major positional zone lies at 24800-24600 zone, if it holds it in upcoming week it can show 26100-26500 again. 

• Break through this zone can slide with selling pressure and free fall can be seen in the index to 23800.

NIFTY 50 VIEW

Nifty 50 (11143)

• Nifty on Friday showed huge sell off after facing resistance at 11340 zone though in the first hour crossed previous day high with a positive sign but did not hold on higher levels. 

• It also broke the major bounce back support level of 11020. 

• Nifty bounced sharply after a low of 10866 closing above 11020. 

• For upcoming week 11020-10840 can act as support zone if holds can resume and closing above 11160 can show 11340.

• Below 10840 gates open for 10690-10500.

NIFTY BANK VIEW

NIFTY BANK [26820]

▪NIFTY BANK SHEDS ALMOST 260 POINTS ON MONDAY, HOWEVER CONSOLIDATED IN A NARROW RANGE OF 90 POINTS THEREAFTER TILL THE END OF THE SESSION.

▪POSITIONAL CHARTS INDICATED FURTHER FALL TOWARDS 26700-26590-26555.

▪MINOR REVERSAL CAN TAKE PLACE ABOVE 26900 TOWARDS 26980-27100-27250.

NIFTY 50 VIEW

NIFTY 50 [11377]

▪NIFTY SHEDS MORE THAN 90 POINTS ON THE FIRST DAY OF THE WEEK & FILLED THE GAP CREATED ON LAST FRIDAY [14th SEP].

▪SHORT-TERM CHARTS INDICATED FURTHER FALL, BELOW 11350 TOWARDS 11320-11300-11280. 

▪SHORT-TERM RESISTANCE CAN BE AROUND 11420-11440 AREA, ABOVE WHICH THE INDEX CAN SHOW MINOR RECOVERY TOWARDS 11500.

NIFTY BANK VIEW

NIFTY BANK [27163]

▪ALIKE NIFTY, NIFTY BANK TOO SHOWED RECOVERY WITH A GAP-UP OPINING ON FRIDAY. 

▪IF TRADES BELOW 27000, IT CAN SLIDE TOWARDS 26680.

▪TRADES ABOVE 27250, WILL BRING SOME UPTREND IN THE INDEX TOWARDS 27330-27460-27520 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11515]

▪AFTER SHOWING BEARISH MOVES THROUGHOUT THE WEEK, NIFTY SHOWED MINOR RECOVERY, WITH A GAP-UP OPEINING ON FRIDAY. THE WEEK ENDS-UP FORMING A RED HAMMER CANDLE PATTERN, INDICATING FURTHER BEARISH MOVES IN THE COMING WEEK.

▪NOW, IF SUSTAINS BELOW 11480 LEVELS, IT CAN SHED TOWARDS 11440-11430 ZONE. AND ON MAINTAINING BELOW  11430, IT CAN SLIDE FURTHER TO FILL THE GAP CREATED ON FRIDAY TOWARDS 11380.

▪TRADES ABOVE 11560, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 11600-11640 AREA.

NIFTY BANK VIEW

NIFTY BANK [26819]

▪ALIKE NIFTY, NIFTY BANK TOO SHOWED MILD RECOVERY IN THE SECOND HALF OF THE SESSION.

▪TODAY, ON MAINTAINING ABOVE 26900, IT CAN SHOW 27000-27100-27200 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 26740-26720, BELOW WHICH THE INDEX CAN SLIDE DOWN TOWARDS 26620-26560 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11369]

▪NIFTY HOLDS THE SELLING PRESSURE OF LAST TWO CONSECUTIVE DAYS, SHOWED LITTLE REVERSAL ON SECOND HALF OF THE TRADING SESSION ON WEDNESDAY. 

▪TODAY, ON SUSTAINING ABOVE 11380, IT CAN RESUME BACK TOWARDS 11415-11445-11465 LEVELS.

▪SHORT-TERM SUPPORT ZONE CAN BE AROUND 11330, BELOW WHICH THE INDEX CAN SLIDE AGAIN TOWARDS 11300-11280-11250 ZONE.

NIFTY BANK VIEW

NIFTY BANK [26807]

▪IT SHED MORE THAN 540 POINTS IN THE SECOND HALF OF THE SESSION.

▪TODAY, IF MAINTAINS BELOW 26795, IT CAN SLIDE FURTHER TO 26680-26620-26560 AREA.

▪26980-27000 CAN BE THE RESISTANCE FOR THE DAY.

NIFTY 50 VIEW

NIFTY 50 [11287]

▪BEAR'S PARTY CONTINUES FOR THE SECOND DAY OF THE WEEK, NIFTY SHEDS MORE THAN 200 POINTS.

▪AS PER TECHNICAL CHARTS, THE INDEX CAN SLIDE FURTHER TOWARDS 11230-11210-11190.

▪'SHORT ON RISE' CAN BE THE STRATEGY FOR THE DAY.

▪11350, CAN ACT AS A SHORT-TERM RESISTANCE FOR THE INDEX.

NIFTY BANK VIEW

NIFTY BANK [27481]

▪AFTER SLIDING MORE THAN 1000 POINTS, NIFTY BANK TRADED IN A VERY NARROW RANGE IN THE LAST TWO SESSIONS OF THE WEEK.

▪IF SUSTAINS ABOVE 27580, IT CAN SHOW 27680-27780-27880 LEVELS.

▪BELOW 27230, IT CAN SLIDE TOWARDS 27130-27000-26900 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11589]

▪NIFTY SHEDS MORE THAN 180 POINTS FROM HIGHER LEVELS IN THE FIRST THREE DAYS OF WEEK. HOWEVER, IT RECOVERED A BIT IN THE LAST TWO TRADING SESSIONS.

▪NOW IT HAS TO SUSTAIN ABOVE 11630 LEVELS FOR A REVERSAL TOWARDS 11680-11700-11720 AREA.

▪TRADES BELOW 11555, WILL INDICATE A SLIDE TOWARDS 11520-11500-11480 ZONE.

NIFTY BANK VIEW

NIFTY BANK [27468]

▪NIFTY BANK CONSOLIDATED IN A RANGE OF 300 POINTS IRRESPECTIVE OF WEEKLY EXPIRY.

▪TODAY, ON SUSTAINING ABOVE 27550, IT CAN SHOW 27680-27730 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 27240, BELOW WHICH THE INDEX CAN SLIDE TOWARDS 27130.

NIFTY 50 VIEW

NIFTY [11536]

▪NIFTY HOLDS LAST THREE DAY'S SELLING PRESSURE & SURGED MORE THAN 120 POINTS FROM THE LOWS IN THE LATER PART OF THE SESSION.

▪TODAY, ON SUSTAINING ABOVE 11550, IT CAN SHOW 11580-11600 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 11500, BELOW WHICH THE INDEX CAN SLIDE TOWARDS 11460.

NIFTY BANK VIEW

NIFTY BANK [27376]

▪NIFTY BANK TOO SHEDS 370 POINTS ON WEDNESDAY TRADING SESSION. BUT RECOVERED FORMING AN 'INVERTED HAMMER' CANDLE PATTERN AT THE LOW POINT OF DAY.

▪TODAY, ON SUSTAINING ABOVE 27440, IT CAN SHOW 27540-27680-27710.

▪SUPPORT & BOUNCE-BACK ZONE 27230, BELOW WHICH THE INDEX CAN SLIDE DOWN TO 27170-27000 AREA.

NIFTY 50 VIEW

NIFTY 50 [11476]

▪BEAR'S PARTY CONTINUES STRAIGHT FOR THE THIRD DAY OF THE WEEK, NIFTY SHEDS ALMOST 150 POINTS.
HOWEVER, IT RECOVERED IN THE LAST HOUR & MANAGED TO CLOSE ABOVE 11470 MARK. 

▪TODAY, ON TRADING ABOVE 11470, IT CAN ZOOM TOWARDS 11500-11520-11540. 

▪SUPPORT & BOUNCE-BACK ZONE 11430, BELOW WHICH THE INDEX CAN SLIDE DOWN TO 11400-11380 AREA.

NIFTY BANK VIEW

NIFTY BANK [27430]

▪NIFTY BANK TOO PROVED A GOOD DAY FOR THE BEARS, SHED MORE THAN 480 POINTS.

▪SHORT-TERM CHARTS ARE INDICATING A FURTHER SLIDE TOWARDS 27290-27250.

▪TRADES ABOVE 27560, WILL BRING SOME REVERSAL TOWARDS 27680-27720 AREA.

NIFTY 50 VIEW

NIFTY 50 [11520]

▪SELLING PRESSURE CONTINUED FOR THE SECOND DAY OF THE WEEK, NIFTY SHED MORE THAN 100 POINTS.

▪TODAY ON MAINTAINING BELOW 11510, IT CAN SLIDE FURTHER TO 11470-11430-11400  LEVELS.

▪TRADES ABOVE 11540, WILL BRING SOME REVERSAL TOWARDS 11580-11600 AREA.

NIFTY BANK VIEW

NIFTY BANK [27819]

▪PROFIT BOOKING PULLED DOWN NIFTY BANK BY MORE THAN 400 POINTS TOWARDS ITS POSITIONAL SUPPORT & BOUNCE-BACK ZONE OF 27780-27740.

▪TODAY IF IT BREAKS 27740, IT CAN SLIDE FURTHER TOWARDS 27670-27550 LEVELS.

▪TRADE ABOVE 27950, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 28090-28200

NIFTY 50 VIEW

NIFTY 50 [11582]

▪NIFTY OPENED NEAR SHORT-TERM RESISTANCE & SHED MORE THAN 180 POINTS ON THE FIRST TRADING DAY OF THE WEEK & MONTH.

▪TODAY, IF IT SUSTAINS  BELOW 11560, IT CAN SLIDE FURTHER TOWARDS 11510-11490 LEVELS.

▪HOPE OF REVERSAL RISES ABOVE 11640 FOR 11700-11720-11740  LEVELS.

NIFTY BANK VIEW

NIFTY BANK VIEW [28061]

▪NIFTY BANK SHOWED RECORD HIGH LEVEL OF 28388, ON SECOND DAY OF THE WEEK, THEREAFTER IT SHED MORE THAN 440 POINTS FROM THE FRESH HIGHS.

▪AS PER POSITIONAL CHARTS, ON MAINTAINING ABOVE 28130, THE INDEX CAN ZOOM TOWARDS 28260-28320-28480 LEVELS.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 27930-27910 AREA. BELOW WHICH, THE INDEX CAN SLIDE TOWARDS 27860-27820 AREA.

NIFTY 50 VIEW

NIFTY 50 [11680]

▪NIFTY SHOWED RECORD HIGHS OF 11760 BUT FAILED SUSTAIN AT HIGHER LEVELS & SHED ALMOST 120 POINTS FROM THE ALL TIME HIGH, LAST WEEK. 

▪POSITIONAL CHARTS ARE INDICATING A  FURTHER MOVE TOWARDS 11840-11860-11880 LEVELS ON MAINTAINING ABOVE 11760.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 11630 LEVELS, BELOW WHICH THE INDEX CAN SLIDE TO 11590-11570 AREA.

NIFTY BANK VIEW

NIFTY BANK [28224]

▪NIFTY BANK TRADED IN A VERY TIGHT RANGE OF 170 POINTS, HOLDING ITS SHORT-TERM SUPPORT ZONE OF 28150 ON WEDNESDAY.

▪TODAY, IF IT MAINTAINS BELOW 28140, IT CAN SHED SOME POINTS TOWARDS 28070-27980-27900 LEVELS.

▪HOPE OF REVERSAL RISES ABOVE 28340, FOR 28420-28480-28560 AREA.

NIFTY 50 VIEW

NIFTY 50 [11691]

▪NIFTY TRADED IN A VERY NARROW RANGE ON WEDNESDAY, AHEAD OF AUGUST SERIES EXPIRY.
IT SHED MORE THAN 50 POINTS IN THE LAST HOUR & BREACHED ITS SHORT-TERM SUPPORT LEVEL OF 11680.

▪TODAY, IF MAINTAINS BELOW 11680, IT CAN SLIDE DOWN TOWARDS 11660-11630 LEVELS.

▪TRADES ABOVE 11740 WILL BRING SOME UPTREND IN THE INDEX TOWARDS 11780-11800-11820 ZONE.

▪TODAY, BEING SERIES EXPIRY, SESSION CAN BE MORE VOLATILE.

NIFTY BANK VIEW

NIFTY BANK [28269]

▪ALIKE NIFTY 50, NIFTY BANK TOO SHOWED RECORD HIGHS OF 28388 IN THE FIRST HOUR OF TRADE, THEREAFTER CONSOLIDATED THE ENTIRE TRADING SESSION IN A SMALL RANGE OF 130 POINTS. 

▪TODAY, ON MAINTAINING ABOVE 28290, IT CAN ZOOM TOWARDS 28380-28420-28480 LEVELS.

▪SHORT TERM SUPPORT ZONE CAN BE AROUND 28150, BELOW WHICH IT CAN SLIDE DOWN TOWARDS 28040-27980 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [11738]

▪AFTER A GAP-UP OPENING YESTERDAY, NIFTY SHOWED A FRESH RECORD HIGH OF 11760 IN THE FIRST HOUR OF TRADE, THEREAFTER CONSOLIDATED THE ENTIRE TRADING SESSION IN A SMALL RANGE OF 30 POINTS. CLOSED AT RECORD HIGHS.

▪TODAY, ON MAINTAINING ABOVE 11750, IT CAN SHOW 11780-11800 LEVELS.

▪SHORT TERM SUPPORT ZONE CAN BE AROUND 11710, BELOW WHICH IT CAN SLIDE DOWN TOWARDS 11680-11650 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [28264]

▪ALIKE NIFTY 50, NIFTY BANK TOO SHOWED A RALLY OF ALMOST 360 POINTS ON THE FIRST TRADING SESSION OF THE WEEK, BUT FAILED TO TOUCH ITS RECORD HIGHS.

▪AS PER POSITIONAL CHARTS, TODAY IT CAN SHOW 28390-28460-28520 LEVELS.

▪SHORT-TERM SUPPORT ZONE CAN BE AROUND 28170, BELOW WHICH THE INDEX CAN SLIDE DOWN TOWARDS 28050 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [11691]

▪YESTERDAY, NIFTY OPENED POSITIVE, SURGED MORE THAN 100 POINTS & SHOWED A RECORD HIGH OF 11700. THE SESSION ENDED UP FORMING A PURE BULLISH CANDLE, INDICATING A FURTHER MOVE TOWARDS FRESH RECORD HIGHS.

▪POSITIONAL CHARTS ARE INDICATING A FURTHER MOVE TOWARDS 11720-11740-11760 LEVELS.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 11650-11630.

NIFTY BANK VIEW

Nifty Bank (27843)

• Nifty bank did touch its all time high previous week rally and has closed near its support zone of 27680-27740.

• A bounce can again take it to its all time high of 28377.

• If breaks below 27680, it can show 27400-27300 which is its positional bounce back zone. 

• Close below 27000, can slide it to 26500.

NIFTY 50 VIEW

Nifty 50 (11557)

• Nifty is in uptrend mode and it can show 11870 soon.

• Last week nifty consolidated in the latter part of the week.

• Now the breakout above 11580 can bring uptrend to show 11870. 

• If nifty breaks 11530 zone, it can slide to its bounce back zone of 11480 which is a dip zone and can be used as buying opportunity.

• Positional support can be around 11340. 

• Closing below 11340-11300 can be a sign of worry for short term traders.

NIFTY 50 VIEW

Nifty 50 (11570)

▪Nifty has made a doji on new high on Tuesday indicating the uptrend can cool down to support levels.

▪As sgx nifty is trading near 11600 levels nifty can show a gap up opening.

▪Maximum range for the day is 11680-11700.

▪Support levels are around 11520.

▪Below 11520 it can show 11480.

▪As mentioned earlier too all dips are buying opportunities nifty is heading towards 12000.
Until 11340 is broken on closing basis.

NIFTY BANK VIEW

Nifty Bank (28274)

▪Nifty Bank is scaling up  towards  its all time high of 28380-28540.

▪Support zone lies around 28000-27900.

▪All dips are buying opportunities for positional levels of 29000 soon.

▪Closing below 28000, can take it to  27900-27800.

NIFTY 50 VIEW

Nifty 50 (11551)

▪Nifty scaled up new high 11565 yesterday and is now heading towards 11600-11620.

▪Support zone lies 11440.

▪On trading below 11440, it can shed to its bounce back zone of 11400-11340.

▪All dips are buying opportunities for positional target of 11870-12000.

NIFTY BANK VIEW

Nifty Bank (28128)

• Nifty bank has formed a double bottom formation on closing basis even after a gap down opening in the first days of the week due to global cues.

• This week on trading above 28200, it can again touch its all time high of 28377 and  28500

• Trading below 27700, can be a sign of worry as it can shed to its positional support levels of 27300-27200.

NIFTY 50 VIEW

Nifty 50 (11470)

• Nifty has hold its support zone of 11320-11340 on every fall which was delivered due to global political issues.

• It has closed with a ‘spinning top’ kind of candle formation and traded in the range of previous week.

• Now on breaking above 11500, it can show 11560-11610. 

• Break down below 11320, it can show 11280-11240.

• Momentum in the index is positive.

NIFTY BANK VIEW

Nifty Bank (27826)

▪Nifty bank consolidated yesterday between 27780- 28100

▪Today if holds the zone of 27700 and on trading above 28100, it can show 28160- 28220.

▪Trading below 27700, it can slide to 27600-27550.

NIFTY 50 VIEW

Nifty 50 (11385)

▪Yesterday nifty opened near support levels of 11400 and rose to 11449 but gave a close with an inverted hammer formation.

▪Today if it hold the zone of 11340-11360 and breaks above 11450 uptrend can resume to show 11480-11540.

▪But if breaks 11340, it can slide to 11320-11240.

NIFTY BANK VIEW

Nifty bank (28021)

▪Nifty bank too like nifty opened on Tuesday near its support zone and rose up holding the support of 27850.

▪Today too it can show opening near its support zone.

▪Further trend of the day will be decided on opening cues.

▪Support lies at 27740-27840 zone.

▪Resistance at 28100-28300.

NIFTY 50 VIEW

Nifty 50 (11435)

▪Nifty had hold its positional support of 11340 zone though it had shown some selling pressure in the first days of the week.

▪Today again opening can be a gap down opening as sgx nifty is indicating due to many global cues.

▪Further trend can be assumed after opening and first hour of trade.

▪Support zone lies at 11340-11320.

▪Resistance is at 11470-11500.

NIFTY BANK VIEW

Nifty Bank (27794)

▪Nifty Bank opened with a gap down opening and closed with an inverted hammer formation.

▪Today on trading above 27920, uptrend can resume.

27739-27600-27480, are on its path of support.

NIFTY 50 VIEW

Nifty 50 (11355)

▪Nifty yesterday gave a gap down opening due to negative global news on Turkish currency and maintained the gap with a doji candle formation closing .

▪Another gap down or gap up can decide the further trend in market in coming days.


▪Sgx is trading at +1  indicating flat opening.

▪11340 zone is the positional support if holds and resumes it can fill yesterday's gap of 11406-11419 and nifty can climb higher.

▪Trading below 11340, indicates 11290-11240 on the way.

NIFTY BANK VIEW

Nifty Bank (28124)

• Nifty Bank has given closing with a new all time high.

• It can cool down to support level of 26900 and further bounce to show new high and levels of 29000 very soon.

• 27900-27400 can act as support zone for the coming week.

NIFTY 50 VIEW

Nifty 50 (11429)

• Nifty is in uptrend format and heading towards 11600-11700 in this week.

• The index has cooled down to its support levels and can further show levels of 11400-11340-11240 in this week. 

• All these support levels are bounce back zones it can be used as buying dips for the targets of 11600-11700. 

• Below 11000 can be cautious zone if breaks on closing basis.

NIFTY BANK VIEW

Nifty Bank (28320)

▪Nifty bank yesterday made a gap up opening and sustained the gap for the rest hours of the day.

▪Today if it trades above 28370, it can show 28440-28600.

▪Trading below 28130, can fill the gap of yesterday and the index can shed to 28000-27900.

NIFTY 50 VIEW

Nifty 50 (11470)

▪Nifty yesterday again scalled up to a new high in opening hour but closed with a 'hanging man' candle pattern.

▪Today to again rise higher it has to trade above 11500 and show 11600 but the weekly range is over at 11490.

▪If it trades below 11450, it can shed to 11400-11350, its intraday bounce back zone.

NIFTY BANK VIEW

Nifty Bank (28062)

▪Nifty Bank yesterday rose up to new high of 28128.

▪Today above 28140 it can further rise and show 28180-28220-28400. 

▪Today being weekly expiry of bank nifty trading session can be volatile.

▪All dips are buying opportunities with the support of 27800, for a rally towards the 28220-28400

NIFTY 50 VIEW

Nifty 50 (11450)

▪Nifty yesterday again showed a new high of 11459 and broke the consolidation of last two days.

▪It is now heading towards 11484-11530-11610 soon. 

▪11344 is acting as major support. 

▪All dips towards 11400-11360, can be used as buying opportunities for a rally towards resistances of 11484-11510-11630.

NIFTY BANK VIEW

Nifty Bank (27875)

▪Nifty Bank yesterday was in a small range of 150 point s- 27820-27990.

▪Today break through either side will decide the trend of the index.

▪Above 28000, it can show 28180- 28400.

▪Below 27800, it can show 27700-27500.

NIFTY 50 VIEW

▪Nifty traded in very narrow range yesterday of 11350- 11430, but with a double top formation.

▪Today, if breaks 11340-11320, zone it can shed to 11230.

▪On trading above 11430, it will enter into a new rally zone and show 11484- 11600.

NIFTY BANK VIEW

Nifty Bank (27898)

▪Nifty Bank yesterday formed a new high of 27994 just 6 points away from 28000 faced resistance and gave a closing with an hanging man doji formation.

▪Today the index can show dips towards its support zone of 27780-27680 on maintaining below 27880. 

▪Trading above 28000, can bounce back with the uptrend series and the index can show 28120-28340.

NIFTY 50 VIEW

Nifty 50  (11387)

▪Nifty yesterday once again achieved a new high with a gap up opening but closed with a doji kind of formation.

▪Today, if it cover the remaining gap of two points and trade below 11360, it can slide to 11340- 11300- 11270.

▪Trading above 11430, can bring back the uptrend momentum and it can show 11450-11500.

NIFTY BANK VIEW

Nifty Bank (27695)

 Nifty bank marked a new high on the first day of the week but failed to sustain on those higher levels further shed down to positional support levels of 27300.

 The index closed with a hanging man candle pattern formation in weekly charts.

 If nifty bank trades below 27300, selling will be active and the rally of previous week will be over.

 Trading above 27900, a new rally zone will be active and it can show 28400 soon.

 Support zone lies at 27300-27600.

 Maintains below 27300, it can slide to 27000.

NIFTY 50 VIEW

Nifty 50 (11360)

 Nifty showed a new high last week of 10390 with a breakout above 10344 the stiff resistance level of positional charts.

 This week it can show new high of 11420-11460 as on Friday nifty reversed after a fall of previous two days with a marubozu pattern.

 Support levels for the week are at 11200. 

 All dips towards 11300-11260 can be used as buying opportunities.

 Close below 11200 can show some cool down pressure in the index.