NIFTY BANK VIEW

Nifty Bank (25795)

Nifty Bank has taken support yesterday @ 25740 and has given a close with a neutral formation signal.

Now after this consolidation if trades above 25880, it can show 25930.

If trades below 25740 ,it can slide to 25680...25640...

NIFTY 50 VIEW

Nifty 50 (10361)

Nifty is consolidating near its support zone of 10300-10350 zone from last week.

Today being an expiry day trading session can be volatile.

It can resume uptrend to show 10460-10480-10490 only on trading above 10400-10420.

If maintains below 10300, sharp fall towards 10270-10220 can be seen.
The trend is showing upward momentum formation

NIFTY BANK VIEW

NIFTY BANK [25846]

IT SHOWED A FRESH ALL TIME HIGH OF 25953 & BROKE DOWN THEREAFTER.

IF IT HOLDS 25760, IT CAN RESUME BACK TO 25900-25950-26020 LEVELS.

BELOW 25760, IT CAN SLIDE TO 25700-25660-25640.

NIFTY 50 VIEW

NIFTY [10370]

AFTER CONSOLIDATING IN THE FIRST HALF, NIFTY BROKE DOWN TO ITS POSITIONAL SUPPORT ZONE OF 10350.

NOW, IF IT RESPECTS THE SUPPORT ZONE OF 10350-10340, IT CAN RESUME BACK TO 10380-10420-10440.

BELOW 10340, IT CAN SLIDE FURTHER TO 10320-10300.

NIFTY BANK VIEW

NIFTY BANK [25891]

NIFTY BANK SHOWED A RALLY OF ALMOST 210 POINTS & SHOWED A FRESH ALL TIME HIGH OF 25931.

NOW, ITS HEADING TOWARDS 25980-26000-26100 AREA.

25830-25800 CAN BE SHORT TERM SUPPORT ZONE.

NIFTY 50 VIEW

NIFTY 50 [10399]

AFTER CONSOLIDATING IN THE FIRST HALF, NIFTY SHOWED A GOOD PULL BACK RALLY OF ALMOST 60 POINTS IN THE LAST HOUR OF THE TRADING SESSION & MANAGED TO CLOSE ABOVE.

TODAY, IT CAN SHOW 10440-10480-10500, ON SUSTAINING ABOVE 10405.

10380-10370 CAN ACT AS A SUPPORT ZONE FOR THE DAY.

NIFTY BANK VIEW

NIFTY BANK [25779]

IT CONSOLIDATED, THE WHOLE TRADING SESSION, IN THE NARROW RANGE OF APPROX 100 POINTS ON FRIDAY.

25750 IS ACTING AS A SHORT TERM SUPPORT ZONE FOR NIFTY BANK.

IF MAINTAINS ABOVE 25850, IT CAN SHOW 25890-25940-25980 LEVELS SOON.

NIFTY 50 VIEW

NIFTY [10389]

NIFTY, CONSOLIDATED, THE ENTIRE TRADING SESSION IN A SMALL RANGE OF APPROX 30 POINTS ON FRIDAY.

NOW, 10380-10370 HAS BECOME A SHORT TERM SUPPORT ZONE, WHICH CAN LEAD NIFTY TO 10410-10440-10470-10490.

BELOW 10380, IT CAN SHED SOME POINTS TO 10350-10340 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [25736]

NIFTY BANK ALSO CONSOLIDATED THE ENTIRE WEEK IN APPROX 200 POINTS. ITS FACING STIFF RESISTANCE AROUND 25780, IF MANAGES TO SUSTAIN ABOVE, IT CAN SHOW ITS PREVIOUS FRESH HIGHS OF AROUND 25900.

BELOW 25670, IT CAN SLIDE DOWN TO 25600-25550-25500.

NIFTY 50 VIEW

NIFTY [10348]

YESTERDAY, NIFTY PERFORMED IN A RANGE PLAY MOOD, RESPECTING THE SHORT TERM SUPPORT & RESISTANCE ZONES. BREAKTHROUGH EITHER WILL DECIDE THE FURTHER TREND.

ABOVE 10380, IT CAN SHOW 10410-10440-10460.
BELOW 10310, IT CAN SLIDE TO 10280-10260.

NIFTY BANK VIEW

NIFTY BANK [25766]

ALIKE NIFTY 50, NIFTY BANK ALSO CONSOLIDATED THE ENTIRE SESSION IN A NARROW RANGE, MAKING MULTIPLE BOTTOMS AROUND 25730.

TO CATCH UPTREND, IT HAS TO SUSTAIN ABOVE 25815, TO SHOW 25840-25870-25900.

BELOW 25720, IT CAN SLIDE TO 25670-25640-25600.

NIFTY 50 VIEW

NIFTY 50 [10342]

NIFTY, YESTERDAY TRADED IN A VERY NARROW & TIGHT RANGE, MAKING MULTIPLES BOTTOMS AROUND 10330.

TODAY, IF IT HOLDS 10330-10320 AREA & TRADES ABOVE 10360-10370, IT CAN SHOW 10400-10420-10460

BELOW 10310, IT CAN SLIDE DOWN TO 10280-10260-10240.

NIFTY BANK VIEW

Nifty Bank (25757)

Nifty Bank is trading near its all time high holding the support of 25670 zone.

If it resumes from here it can show 25840-25920.

If breaks 25670, it can slide to 25640-25500.

NIFTY 50 VIEW

Nifty 50 (10326) 

Nifty gave a gap up opening and made a high of 10358.

Today if it holds the gap and trades above 10330 on crossing 10360, it can show 10380-10400.

If trades below 10315 and fills the gap of 10309, it can show  10290-10240.

NIFTY BANK VIEW

Nifty Bank (25768)

Nifty Bank too consolidated yesterday and gave a positive pattern closing.

Today on trading above 25810, it can again catch momentum and rise towards 25870 and its all time high of 25924.

If trades below 25750, it can cool down to its support zone of 25700-25630.

NIFTY 50 VIEW

Nifty 50 (10298)

Nifty yesterday consolidated in the range of 10260-10310 zone but maintained the gap.

Today on trading above 10310, it can  show 10340-10380.

Closing above 10350 can resume uptrend in the index.

Trading below 10260 can slide it to 10230 and fill the gap it can further slide to 10190.

NIFTY BANK VIEW

Nifty Bank (25728)

Nifty Bank showed a new all time high on Friday of 25924.90 with a gap up opening.

It has also formed a neutral pattern formation but the closing is also above its previous all time high of 25695.

If it trades below 25670, it can slide down to fill the gap till 25496.

If it trades above 25875, on crossing 25930, it can show new high of 26046-26200-26400.

NIFTY 50 VIEW

Nifty 50 (10283)

WEEKLY VIEW

Nifty on Friday gave a gap up opening with a trend line breakout but maintained below 10340.

It did not fill the gap and gave a neutral closing.

Now if it maintains below 10250 it can fill the gap up to 10230 and can slide down further to 10180.

If it trades above 10300 and on crossing 10340 it can catch uptrend to show 10386-10490 in coming week.

NIFTY BAN VIEW

Nifty Bank (25466)

Nifty Bank has reversed and closed above its resistance zone of 25380.

On trading above 25500 it can show 25600...25620.
If trades below 25360 it can slide to 25310..25250...25150

NIFTY 50 VIEW

Nifty 50 (10214)

Nifty can show gap up opening as sgx is trading +90 points.

Yesterday  it has taken support @ 10120-10130 zone and showing reversal signal formation, this pull back can take nifty to 10250...10288..  10300...

Support zone is @ 10120..10130, if trades below this it can slide to 10102...9980.....

NIFTY BANK VIEW

Nifty Bank (25339)

Nifty Bank is showing reversal pattern formation and today on maintaining above 25400, it can show 25540 .

Now it is trading near its support zone of 25300-25270.

NIFTY 50 VIEW

Nifty 50 (10118)

Nifty has slide down below 10130 but has closed around 50 SMA (10120 ).

Today if holds 10090, and trades above 10120-10140 zone reversal can happen.

But if faces resistance @ this zone, it can further slide to 10080..10060 ...10000.

If reversal happens it can rise up-to 10160..10175...10210.

NIFTY 50 VIEW

Nifty 50 (10186)

Nifty yesterday shed down to its positional support of 10180 and made a low of 10175.

Today if maintains below 10180, it can slide to 10130.

This zone 10180-10130 is positional support zone a bounce and pull back can be seen

If maintains below 10130, it can slide to 10115-10058.

If pulls back it can show 10230-10275.

NIFTY BANK VIEW

Nifty Bank (25358)

Nifty Bank yesterday showed good momentum in the morning but failed to maintain above 25600 and slide down to its support zone of 25300-25280.

Today if trades below 25280, it can show 25230-25180.

Trading above 25480, a pull back can be seen in the index.

NIFTY 50 VIEW

Nifty 50 (10224)

Nifty yesterday did not cross 10350 and slide down to 10216.

Today it can slide down to 10180-10140.

Only trading above 10300, it can show some pull back to 10350.

NIFTY BANK VIEW

Nifty Bank (25498)

Nifty Bank has reversed in daily charts with a bullish pattern.

On trading above 25600, it can show 25700 and a new high in this week.

If trades below 25380, it can slide to 25000 once again.

NIFTY 50 VIEW

Nifty 50 (10321)

Nifty has hold the support zone of 10250.

It has formed a neutral signal on weekly charts and reversal signal on daily charts.

Today on trading above 10350, it can show 10394-10450 with the support of 10300.

If it trades below 10250, it can slide to 10180-10150.

NIFTY BANK VIEW

Nifty Bank (25291)

Nifty Bank has made a neutral kind of close. 
It can show both sides sharp move.

If it trades below 25100, it can slide to 25000...24904...

If manages to trade above 10300 and maintains above 25440, it can resume uptrend to show 25498...25560.

Nifty 50 (10308)

Nifty yesterday made a low of 10266, but closed above 10300.
Today it can show gap down opening as SGX is indicating -46 points.

If it breaks 10260 it can slide tp 10240-10210-10180. 
It can also touch the positional support zone of 10150-10130.

But if trades above 10350, and on maintaining above 10390, it can resume back to uptrend to show 10416-10440-10500.

NIFTY BANK VIEW ON 09/11/2017

Nifty Bank (25184)

Nifty Bank is heading towards to fill the gap of 25171-25078.
Yesterday it made a low of 25119.

Today if it trades blelow 25100, it can slide to 25076- 25057-25000.

If maintains above 25242, it can show 25373-25440.

NIFTY 50 VIEW

Nifty 50 (10303)

Nifty broke 10300 made a low of 10285 but gave closing above 10300.

Today if it trades and maintains above 10340, it can show 10363-10423.

But if faces resistance 10340, it can slide down with a sharp fall towards 10264-10240.

NIFTY BANK VIEW

Nifty Bank (25300)

Nifty Bank yesterday shed down to its short term support zone.

Today if it trades below 25240, it can shed to 25186.. 25134...25080.

If it bounces from 25186, it can again show pull back towards 25475.

NIFTY 50 VIEW

Nifty 50 (10350)

Nifty yesterday did not hold its short term support level and shed down to its positional bounce back zone of 10300-10320, if breaks this it can slide to 10240-10180.

If bounces it can show 10440. Trading above 10450, pull back can show 10508 and uptrend can resume.

NIFTY BANK VIEW

Nifty Bank (25571)

Nifty Bank is showing as it can cool down to 25300 on trading below 25520.

If it maintains above 25580, it can show 25690-25780.

NIFTY 50 VIEW

Nifty 50 (10451)

Nifty made a new high and closed @ 10451 holding the support of 10400.

Today if it trades below 10430, it can slide to 10413-10375.

If it trades above 10460, it can show again 10490-10501-10528.

NIFTY BANK VIEW

Nifty Bank (25650)

• Nifty Bank made a new high of 25695 and is showing a good positive pattern formation on closing.
• This rally can take it to 25978-26270-26400. 
• 25390-25400 can act as support zone.
• If nifty bank breaks 25400, it can shed to its bounce back zone of 25100.

NIFTY 50 VIEW

Nifty 50 (10452)

• Nifty opened with a new high of 10461 but shed down to support levels of 10400. It resumed in the later part of the day. 
• It is showing positive pattern formation in positional charts.
• Nifty on holding 10440 it can show 10474-10497 (intraday), 10550-10668 in this week. 
• If nifty breaks 10400, it can slide to 10380 and can slide further to fill the gap of 10367-10383.
• 10340-10360 can act as a bounce back zone.

NIFTY BANK VIEW

Nifty Bank (25405)

Nifty Bank again made a new high of 25598 with a fresh breakout in positional charts which can take it to 25670-25860 with the support of 25400.

If breaks 25400, it can slide to 25355-25283.

NIFTY 50 VIEW

Nifty 50 (10452)

Nifty is has given a neutral to positive closing yesterday.

Today if it trades above 10474-10490 zone, it can show good move to 10550 with the support of 10430.

 If trades below 10430, it can slide to fill the gap of 10400-10380.

NIFTY BANK VIEW

Nifty Bank (25490)

Nifty Bank showed a new high yesterday of 25549 on crossing 25198 the all time high.

Now it is heading towards 25900.

Now 25400-25250 will act as support zone.

NIFTY 50 VIEW

Nifty 50 (10440)

Nifty had given a gap up opening yesterday and now is heading towards 10467-10493 with the support of 10420.

If breaks 10420, it can slide to 10400-10380 and fill the gap of yesterday.

For long traders buy on all dips is the strategy with the support of 10140.

NIFTY BANK VIEW

Nifty Bank (25019)

Nifty Bank is hovering near its all time high of 25198.

Today if it crosses 25080, it can show 25186..25198.

If trades below 24940, it can show 24884..24808..

NIFTY 50 VIEW

Nifty 50 (10335)

Nifty yesterday showed some cool down signals and made a low of 10323.

Today if it trades below 10340, it can show 10312..10298..10274.

10270 can act as a bounce back zone to rise towards 10370 again.