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