NIFTY BANK VIEW

Nifty Bank (26324)

▪Nifty Bank yesterday had shed to  its bounce back zone of 26000-26200, this zone can act as hold or break level for the index.

▪26500 can act as the stiff resistance for the day

NIFTY 50 VIEW

Nifty 50 (10589)

▪Nifty yesterday formed the 'second black crow' candle formation and is in selling mode. It is now heading towards 10528-10516 for the day.

▪Closing below 10500, can take it to 10440.

▪10540, can act as a bounce zone for intraday.

▪10600 - 10654, can act as stiff resistance for the day.

NIFTY BANK VIEW

Nifty Bank (26423)

▪Nifty has broke its support of 26500 and now is heading towards 26290-26180, on breaking 26300. 

▪It can resume back with a pull back from 26520 and show 25590-26700.

▪Due to expiry trading session can be volatile.

NIFTY 50 VIEW

Nifty 50 (10671)

▪Nifty has broke its support zone of 10690 on closing basis and is trading near its positional support of 10650.

▪It has covered the range of trade of a week near 10650 so a bounce can take place today towards 10800 on holding 10650.

▪If breaks 10650 it can slide to 10620- 10570-10540.
Today resistance will be 10710.

▪But if holds 10690, and trades above 10710, it can again show 10750-10800.

▪Volatility can take over the index due to expiry.

NIFTY BANK VIEW

▪IT RECOVER FROM LOWS IN FIRST HOUR OF TRADE AND SHOW A GOOD UP MOVE, BUT SELLING PRESSURE SEEN IN LAST HOURS OF TRADE, MADE A NEGATIVE SIGNAL.

▪TODAY BELOW  26500, SELLING PRESURE CAN AGAIN TAKE OVER AND IT CAN SLIDE DOWN TO 26365 -26250.

▪IF HOLD ABOVE IT CAN SHOW A BOUNCE TOWARDS 26650-26780.

NIFTY 50 VIEW

▪AFTER GAP DOWN OPENING,NIFTY RECOVER SHARPLY FROM LOWS AND SHOWED A RALLY TOWARDS 10800 BUT UNABLE TO HOLD ABOVE 10800 AND SELLING PRESURE SEEN IN LAST HOURS OF TRADE.

▪TODAY BELOW 10750, IT MAY SLIDE DOWN TO 10710- 10675.

▪IF HOLD ABOVE 10750, IT CAN SHOW 10790-10830.

NIFTY BANK VIEW

Nifty Bank (26609)

▪Nifty Bank has like nifty formed an upward channel.

▪The range is 26300 downside and 26800 on upside.

▪Above 26800, it can show 26920.

▪Below 26300, it can show 26000.

NIFTY 50 VIEW

Nifty 50 (10762)

▪Nifty is forming an upward channel formation in daily charts and with high volatility as it is heading towards expiry.

▪Breakout or breakdown from this channel will decide the further trend in the index.

▪10690 is acting as major support from last week, 10840 is acting as major resistance.

▪Above 10840, it can show 10872. 

▪Below 10690, it can slide to 10650.

NIFTY BANK VIEW

Nifty Bank (26766)

▪Nifty Bank has closed near it's resistance zone of 26800 of its stiff range of previous week.

▪Now on trading above its 26810, it can show 26930-27000. 

▪Support zone is at 26300-26200.

NIFTY 50 VIEW

Nifty 50(10821)

▪Nifty had broke it's trend-line support and higher high pattern last week but managed to close above 10800 like previous week.

▪It remained in a range of 10700-  10800.

▪It had hold the support of 10700 for the week.

▪Now it has formed a doji after it bounced from 10700.

▪10700 still will be the support for the week, it can show 10868-10916 for the day and 11000 for the upcoming expiry week.

NIFTY BANK VIEW

Nifty Bank (26557)

▪Nifty Bank showed  good breakout movement yesterday and closed with a marubozu candle formation.

▪This rally can continue for next two to four trading days and it can make a move of next 400 points and show 27000 soon.

▪26480 can act as support for the day.

▪26650-26740 can act as resistance levels for the day.

NIFTY 50 VIEW

Nifty 50 (10772)

▪Nifty has taken support at 10700 and showing reversal kind of signals which will be active on trading above 10780 and show 10820-10840.

▪On trading below 10700, it can shed to 10640.

NIFTY BANK VIEW

Nifty Bank (26265)

▪Nifty Bank has shed to its support zone of 26000-26200.

▪If it continues to fall today, it can slide to 26000 soon.

▪Trading above 26400, can bring some momentum in the index and it can show 26530-26600.

NIFTY 50 VIEW

Nifty 50 (10710)

▪Nifty has shed to its support levels of 10700 and is holding on its trendline support of 10700 - 10680 zone.

▪Now on breaking this it can shed to 10640-10600.

▪Trading above 10740, can bring any pull back in the index.

NIFTY BANK VIEW

Nifty Bank (26409)

▪Nifty Bank as mentioned earlier is trapped in a broader range of 26000-26800.

▪Now it is trading near its support zone of 26300-26200.

▪If breaks the support zone it can slide to 25800.

▪On breaking above 26800, it can show 27000.

NIFTY 50 VIEW

Nifty 50 (10799)

▪Nifty is trading in a range of 10740-10840 from last three days. Today it can trade both ways if faces resistance at 10840 a kind of three tops and breaks 10740 it can slide to 10640.

▪On trading above 10840, it can show 10880-10940.

NIFTY BANK VIEW

Nifty Bank (26417)

▪Nifty Bank has very indecisive trend formations in charts, It is trapped in a broader range of 26800-26200, Break through either side will decide the further trend in the index. 

▪Above 26800 it can show 27000.

▪Below 26200, it can slip down to 25900.

NIFTY 50 VIEW

Nifty 50 (10817)

▪Nifty has been consolidating from last three week but forming higher high and higher bottoms every week.

▪Closing in daily charts are indicating that it can catch up-move very soon on trading above 10840, it can show 10888-10950 levels. 

▪If breaks the support zone of the week i.e 10740, it can shed to 10690-10540.

NIFTY BANK VIEW

Nifty Bank (26562)

▪Nifty bank is trapped in the range of 26200-26800 positionally. 
Break through either side will decide the further trend in the index.

▪For Intraday 
Below 26500, it can show 26440-26300.

▪Trading above 26580, it can show 26620-26760.

NIFTY 50 VIEW

Nifty 50 (10808)

▪Nifty yesterday gave a gap down opening and maintained the gap rest of the day.

▪Today if trades above 10840, it can show 10870-10920.

▪If trades below 10770, it can show steep fall towards 10740.

NIFTY BANK VIEW

Nifty bank (26642)

▪Nifty bank charts are still showing trapped signals.

▪Above 26780, it can show 26840.

▪Below 26500, selling pressure can take over it and show 26300.

NIFTY 50 VIEW

Nifty 50 (10856)

▪Nifty showed some cool down signals today after a rally of 5 days.

▪On trading below 10840, it can slide to 10750.

▪Above 10900, it can show 10965.

▪Today, it may open a little lower on account of FED Interest Rate Announcement to hike by quarter point.

NIFTY BANK VIEW

NIFTY BANK [26451]

▪ALIKE, NIFTY 50, NIFTY BANK TOO SURGED IN THE SECOND HALF OF THE SESSION ON FRIDAY.

▪ABOVE 26460, IT CAN SHOW 26520-26600-26680 LEVELS.

▪26280, IS ACTING AS A SHORT TERM SUPPORT ZONE FOR THE INDEX BELOW WHICH, IT CAN SLIDE TO 26200-25980 ZONE.

NIFTY 50 VIEW

NIFTY 50 [10767]

▪AFTER CONSOLIDATING IN THE FIRST HALF OF TRADING SESSION, NIFTY SURGED 70 POINTS IN THE SECOND HALF, ON FRIDAY. NIFTY IS MAKING NEWS HIGHS ON CLOSING BASIS, SINCE LAST THREE WEEKS.

▪TODAY, IT CAN SHOW 10820-10850-10870, ON TRADING ABOVE 10770.

▪NOW, 10750 IS ACTING AS A SHORT TERM SUPPORT ZONE FOR THE INDEX, BELOW WHICH IT CAN SLIDE DOWN TO 10710 AREA.

NIFTY BANK VIEW

NIFTY BANK [26517]

ALIKE, NIFTY THERE WAS A GAP-UP OPENING IN NIFTY BANK ON WEEKLY EXPIRY DAY.

BELOW 26480, IT CAN SLIDE TOWARDS 26320-26230 LEVELS.

26760 IS ACTING AS A RESISTANCE ZONE FOR THE INDEX

NIFTY 50 VIEW

NIFTY 50 [10768]

▪YESTERDAY, NIFTY GAVE A GAP-UP OPENING, SURGED ALMOST 95 POINTS THEREAFTER & SHOWED MUCH AWAITED LEVEL OF 10800, MADE A HIGH OF 10818, MAINTAINED THE GAP ON CLOSING BASIS.

▪TODAY, ON MAINTAINING ABOVE 10770, IT CAN SHOW 10790-10810-10830 LEVELS.

▪IF MAINTAINS BELOW 10720, IT CAN SLIDE DOWN TO FILL THE GAP CREATED YESTERDAY, TOWARDS 10690-10670 ZONE.

NIFTY BANK VIEW

▪NIFTY BANK HAD A SIDEWAYS SESSION ON FRIDAY, ITS FACING STIFF RESISTANCE AROUND 26860.

▪IT CAN SLIDE TO 26300-26100-26000 IN THIS WEEK.

▪HOPE OF REVERSAL RISES ONLY ABOVE 26870 FOR 27200-27400 ZONE.

NIFTY 50 VIEW

▪NIFTY KICK START ITS JUNE SERIES WITH A NEGATIVE BIAS & SHED ALMOST 80 POINTS FROM DAY'S HIGH ON FRIDAY.

▪ITS FACING STIFF RESISTANCE AROUND 10740-10730.

▪IF SUSTAINS BELOW 10690, THE INDEX CAN SLIDE FURTHER TO 10660-10630-10590 ZONE.

▪HOPE OF REVERSAL RISES ONLY ABOVE 10740 FOR 10790-10820.

NIFTY BANK VIEW

Nifty Bank (26956)

▪Nifty Bank yesterday gave a breakout above 26900 and now is heading towards 27500 in coming days.

▪To show 27500, it has to close above 27000.

▪26400-26200 is the support zone for the day.

NIFTY 50 VIEW

Nifty 50 (10736)

▪Nifty yesterday bounced from its support zone and gave a breakout above 10700.

▪Now it's heading towards 10960 as mentioned in earlier reports.

▪Today 10640-10620 will act as support zone.