NIFTY 50 VIEW

Nifty 50 (10184)

▪Nifty opened near resistance yesterday  and gave a flattish close near its resistance of 10207.

▪Today if trades above 10210-10230 it  can show 10245- 10310 and good move also can be seen due to the doji candle pattern.

▪But if trades below 10180-10170, it can slide to 10130-10077.

NIFTY BANK VIEW

Nifty Bank (24244)

▪Nifty bank rallied and showed sharp move with a high of 24290.

▪Now on trading above 24300, it can show 24450-24560.

▪Below 24000, it can shed to 23800-23600.

NIFTY 50 VIEW

Nifty 50 (10130)

▪Nifty yesterday rallied and close above 10027 covering the gap of Friday.

▪Today, it has to trade above 10190- 10230 for the rally to continue.

▪On trading below 10000, it can again shed down and show new 52 week lows of 9700.

NIFTY BANK VIEW

Nifty Bank (23670)

▪Nifty Bank is in selling zone and is heading towards 23000. 

▪23800 can act as resistance for the day, if trades above this it can show 24000-24300.

NIFTY 50 VIEW

Nifty 50 (9998)

▪Nifty gave a gap down opening on Friday and closed with a doji.

▪Today as SGX trading in negative territory nifty can open in negative .

▪It has to trade above 10030-10060 to show 10120-10170. 

▪Below 9950 it can shed to 9900-9780 today and 9690 can be level for the week.

▪Being an expiry week trading session can be volatile.

NIFTY 50 VIEW

▪Nifty 50 has broke it's support level of 10000 its in a free fall zone.

▪Sell on rise will be the strategy now.

▪10100 can act as stiff resistance for the day it can shed to 9800.

NIFTY BANK VIEW

NIFTY BANK [24245]

▪ITS HEADING TOWARDS 24000-23980 LEVELS.

▪HOPE OF REVERSAL & STIFF RESISTANCE IS 24420 FOR 24600-24750 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [10094]

▪NIFTY, YESTERDAY BREACH THE POSITIONAL SUPPORT LEVEL OF 10140.

▪NOW, ITS HEADING TOWARDS 10040-10000-9980 AREA.

▪HOPE OF REVERSAL & STIFF RESISTANCE IS 10140-10160 ZONE.

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

NIFTY 50 VIEW

▪NIFTY SHOWED A WEAK TRADING SESSION ON FRIDAY & DRAGGED BY ALMOST 160 POINTS, ENDED AROUND DAY'S LOW.

▪AS PER CHARTS, ITS NOW TRADING JUST ABOVE ITS POSITIONAL SUPPORT ZONE OF 10160-10140. THIS AREA CAN ACTS AS A STRONG SUPPORT & BOUNCE BACK ZONE.

▪NIFTY CAN SHOW 10240-10280-10300 LEVELS TODAY.

▪BUT, IF FAILS TO HOLD THE SUPPORT, IT CAN SLIDE FURTHER TO 10100-10080 AREA.

NIFTY BANK VIEW

Nifty Bank (24740)

▪Nifty bank yesterday did not hold its bounce back zone of 24800 in the last hour of the day and formed a selling pattern for today's trade.

▪Today if it maintains below 24730, it will slide to 24620-24530.

▪On trading above 24820-24840 only uptrend momentum can be seen to show 24910-25000.

NIFTY 50 VIEW

Nifty 50 (10360)

▪Nifty yesterday after 3 days of rally was in downtrend pattern and formed a double top selling pattern formation @ 10420.

▪Today if it trades above 10420, it can rise to 10460-10520.

▪If breaks 10330- 10340 selling can take over and it can slide to 10300-10270-10240.

NIFTY BANK VIEW

Nifty Bank (24851)

➖Nifty Bank yesterday showed volatile session with a low of 24487 but gave a close above its stiff resistance zone of 24800.

➖Today it has to trade above 24800 and if manages to cross 24900, it can again touch 25000.

➖Trading below 24600, can take it to 24400-24330.

NIFTY 50 VIEW

Nifty 50 (10410)

➖Nifty yesterday showed volatile  momentum and made low of 10336 and high of 10420.

➖Today it can show lower levels in the opening hour as sgx is trading in negative levels.

➖Today to have positive trend it has to trade above 10390- 10420 zone and show 10480-10600.

➖On breaking 10330 it can slide to 10300- 10240 zone.

NIFTY BANK VIEW

Nifty Bank (24738)

➖Nifty bank touched its stiff resistance of 24800-25000 and shed down  to 24700- 24500 around zone.

➖Today if it trades below 24500, it can again enter selling zone and show levels of 24400- 24200.

➖Above 24800 it can again catch rally upwards towards 25000-25500.

NIFTY 50 VIEW

Nifty 50 (10426)

➖Nifty yesterday showed good momentum and touched its stiff resistance of 10450-10460 but gave a close with a rally over kind of signal.

➖Today if it trades below 10370, it can again shed down to 10290-10240.

➖If it trades above @ 10480, it can show 10570-10600.

NIFTY BANK VIEW

Nifty Bank (24664)

➖Nifty Bank has taken support yesterday @ 24400 and showed good momentum towards upward levels. 

➖Stiff resistance lies @ the zone 24700-24800 on crossing this it can rise to 25500 in coming days.

➖Support zone is @ 24400 for the day.

NIFTY 50 VIEW

Nifty 50 (10421)

➖Nifty yesterday showed reversal  signals ending with a marubozu candle.

➖Trend is up for the day nifty can cool to short term support levels and bounce back.

➖Today on trading above 10454-10460 zone nifty can again rise towards 10600.

➖Support zone lies @ 10388-10310.

➖If trades below 10300 it can slide to 10240-10200-10140

NIFTY BANK VIEW

Nifty Bank (24296)

➖Nifty Bank is trading below its stiff resistance zone of 24780.

➖To reverse the trend it has to trade above this zone and show 25000.

➖Support zone lies at  24250- 24000.

NIFTY 50 VIEW

Nifty 50 (10226)

➖Nifty on Friday faced resistance @ 10300 and shed down to 10200 levels. 

➖Today it can show gap up opening as sgx is indicating +122.

➖Resistance levels lies @ 10340-10390 today on trading above this it can show 10460..

➖Support zone lies @10200-10140.

NIFTY BANK VIEW

Nifty Bank (24477)

➖Nifty Bank yesterday made a new low of 24048 and hold the zone of 24000. It rose in the later part of the day and made a high of 24534 forming a positive pattern formation.

➖Today on trading above 24540, it can show 24660-24760.

➖On trading below 24270, it can slide to 24170-24090-24050.

NIFTY 50 VIEW

Nifty 50 (10242)

➖Nifty has taken support @ 10140 zone and closed with a positive pattern formation and made a high of 10270.

➖Today sgx is indicating gap up opening of +50 points.

➖Today on trading above 10280-10300,  it can show 10340- 10460 wth the support of 10200.

➖If maintains a below 10200, it can again slide down to 10140.

NIFTY BANK VIEW

Nifty Bank (24134)

➖Nifty Bank is in free fall zone on break of 24000 it can slide to 23600.

➖Above 24400 some pull back can be seen to 24700.

NIFTY 50 VIEW

Nifty 50 (10154)

➖Nifty is trading near its bounce back zone of 10130-10080, reversal should take place.

➖Now the range to watch for is 10450- 10000 in coming days.

➖Intraday pull back can take it to 10180-10225.

➖Below 10130, It can slide to 10080.

NIFTY BANK VIEW

Nifty Bank (24448)

▪Nifty Bank has broke its major bounce back zone of 24750 and close below entering in a selling zone.

▪24350 can act as support zone for the day.

▪24750 can act as stiff resistance.

▪Below 24350  it can show 24190- 24000.

NIFTY 50 VIEW

Nifty 50 (10249)

▪Nifty yesterday broke it's long awaited support 10300-10270 and gave a close below it forming a selling pattern active.

▪It is now heading towards 10140- 10100 -10070.

▪10400-10450 will act as stiff resistance.

▪Sell on rise will be the strategy for coming days.

NIFTY BANK VIEW

Nifty Bank (24902)

▪Nifty Bank is in selling zone it has to trade above 25100 to show 25200-25300-25500.

▪Below 24900 it can slide to 24700-24600 levels.

NIFTY 50 VIEW

NIFTY 50 (10458)

▪Nifty can show a gap down opening as  SGX nifty is trading though in +23 but is quite low than previous closing of nifty. 

▪Nifty has stiff resistance @ 10470-10510, it has to cross this to show higher levels 10640.

▪Trading below 10300-10270 can take it to 10000 in coming days.

NIFTY BANK VIEW

Nifty Bank (25107)

Nifty Bank yesterday gave neutral close.

▪Today it can trade both ways if maintain above 25120 can move up to 25210- 25330.

▪If trades below 25100 can slide to 24960-24820.

NIFTY 50 VIEW

Nifty (10492)

▪Yesterday nifty traded in a tight range10470-10560 and was unable to cross 10640 zone though the support was very strong.

▪Today as SGX is trading -65 points again it can show a gap down opening.

▪10520-10640 if not crossed will act as resistance.

▪NIFTY will act positive ABOVE 10520.

▪Support zone lies @ 10470-10300.