NIFTY BANK VIEW

Nifty Bank (25394)

▪Nifty Bank showed a robustic move on Friday from 25000 to 25400 and now  also it has closed above its strong bounce back zone of 25300. 

▪This week it can show 25980 levels support lies at 25200. 

▪Intraday it can show 25540-25740, if maintains above 25300.

▪If trades below 25300 it can slide to 25140-24900.

NIFY 50 VIEW

Nifty 50 (10692)

▪Nifty on Friday broke the stiff resistance range and closed above 10640 and now is heading towards to fill the gap of 10700-10740.

▪This week it can show 10770-10840 levels, 10540-10640 will act as support zone for nifty. 

▪Intraday in nifty trades below 10640, it can slide to 10580 and maintaining above 10700-10720 zone it can show 10740-10760.

NIFTY BANK VIEW

NIFTY BANK [25010]

▪ALIKE NIFTY 50, NIFTY BANK TOO SURGED IN THE SECOND HALF OF THE SESSION & MANAGED TO CLOSE ABOVE 200 DMA OF 24933.

▪NOW ITS HEADING TOWARDS  25130-25190-25250.

▪SUPPORT ZONE LIES AROUND 24800.

NIFTY 50 VIEW

NIFTY 50 [10617]

▪AFTER CONSOLIDATING THE ENTIRE TRADING SESSION AROUND SHORT TERM SUPPORT ZONE OF 10570-10560, NIFTY SURGED BY ALMOST 50 POINTS IN THE LAST HOUR.

▪NOW, ITS MOVING TOWARDS 10640-10660-10680.

▪SUPPORT ZONE LIES AROUND 10570-10560.

NIFTY BANK VIEW

NIFTY BANK [24814]

▪NIFTY BANK IS FACING RESISTANCE AROUND 24990-25000 AREA. IT HAS TO THAT, TO SHOW 25150-25200-25300 LEVELS.

▪SHORT TERM SUPPORT & BOUNCE BACK ZONE LIES AROUND 24700, IF FAILS TO HOLD HERE, IT CAN SLIDE FURTHER TO 24580-24530-24500.

NIFTY 50 VIEW

NIFTY 50 [10570]

▪YESTERDAY, AFTER CONSOLIDATING THE ENTIRE TRADING SESSION, NIFTY SHED TO ITS SHORT TERM SUPPORT ZONE OF 10540, IN THE LAST HOUR OF TRADE.

▪NOW 10620-10540 ARE ACTING AS SHORT TERM RESISTANCE & SUPPORT RESPECTIVELY FOR THE INDEX.

▪IF IT MANAGES TO SUSTAIN ABOVE 10610-10620 LEVELS, IT CAN SHOW 10650-10670-10690 LEVELS.

▪ON TRADING BELOW 10540, IT CAN SLIDE TO 10530-10490 AREA.

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

NIFTY 50 VIEW

Nifty 50 (10614)

▪Nifty has made a stiff resistance zone at 10640 only on crossing this uptrend momentum can catch up and it can show 10674-10700.

▪If faces resistance again here it can shed to 10550-10520.

NIFTY 50 VIEW

Nifty 50 (10614)

▪Nifty has made a stiff resistance zone at 10640 only on crossing this uptrend momentum can catch up and it can show 10674-10700.

▪If faces resistance again here it can shed to 10550-10520.

NIFTY BANK VIEW

Nifty Bank (24960)

▪Nifty Bank yesterday had shed to 24466 levels but closed above its bounce back zone of 24900.

▪Today if it trades below 24900, can show 24800-24600 levels.

▪On crossing 25100, it can resume back to 25400 (the stiff resistance zone).

NIFTY 50 VIEW

Nifty 50 (10584)

▪Nifty yesterday traded above its resistance zone of 10600 but failed to close above it , instead closed with a neutral doji formation.

▪Today again like yesterday trading above 10600, it can show 10640-10680 zone.

▪Below 10580, it can slide to 10520.

NIFTY BANK VIEW

Nifty Bank (24943)

▪Nifty bank last week traded in the range of 25400- 24800.

▪Break through either side will decide the further trend in the index.

▪24700- 24600 is the support zone if breaks it can slide to 24000.

▪If it trades above 25000, it can show 25400.

▪25400 is acting as stiff resistance on crossing this zone it can show 25540- 25650 - 25800.

NIFTY 50 VIEW

Nifty 50 (10564)

▪Nifty showed a rally last week in the first two days of the week and consolidated in the later days of the week.

▪This week being an expiry week trading sessions can be volatile.

▪Above 10600 it can show 10640- 10700- 10770.

▪Support zone lies @ 10500-10450.

▪All dips can be used as bounce back zone.

▪Closing below 10350 -10250 zone can only be a sign of worry for the market.

NIFTY BANK VIEW

Nifty Bank (25124)

▪Nifty Bank yesterday traded near its support levels of 25000.

▪Today if holds it can again rise to 25400.

▪If fails to hold and breaks 25000 it can shed to 24900-24800 levels.

NIFTY 50 VIEW

Nifty 50 (10565)

▪Nifty yesterday traded in a very narrow range of 10540-10570 but closed with a hammer doji.

▪Today on trading above 10580, it can show 10598-10620.

▪But if maintains below 10540, it can shed to 10500 support levels.

NIFTY BANK VIEW

Nifty Bank (25320)

▪Nifty Bank showed good pull back rally of around 350 points from its support levels of 25000.

▪Nifty bank has stiff resistance @ 25400 if fails to cross that it can again fall down again to its support levels of 25000- 24900.

▪On crossing 25400 it can show 25520- 25620.

NIFTY 50 VIEW

Nifty 50 (10528)

▪Nifty though opened at lower levels  but showed sharp rally crossing it's resistance of 10440- 10500 on closing basis.

▪Now if nifty cools down to 10440 all dips will act as buying opportunities and nifty can show 10580- 10630, (10770 positionally) soon.

▪If nifty trades below 10430, it can show 10390-10355.

NIFTY BANK VIEW

Nifty Bank (25200)

• Nifty Bank touched its stiff resistance of 25400 and gave a neutral close in short term charts.

• Reversal is active in weekly and monthly charts and is heading towards 25250-25380.

• All dips to support levels of 25000-24900 are buying opportunities in the index.

• But if it trades below 24800, it can slide to further to 24500.

NIFTY 50 VIEW

Nifty 50 (10480)

• Nifty maintained above 10440 with strong momentum on Friday and closed above 10440. 

• Now only on trading above 10520, uptrend momentum can take over and show levels of 10557-10630-10700.

• All dips to support levels of 10400-10300 can be used as buying opportunities.

• If trades below 10300, it can slide to 10250-10111.

NIFTY BANK VIEW

Nifty Bank (25195)

▪Nifty Bank traded in the same range of yesterday 24900-25200 and formed two tweezer pattern kind of bottom formation in charts.

▪Today on trading above 25240, it can show 25400 levels.

▪24900 is very strong bounce back support zone.

▪Any dip to this level is buying opportunities.

▪If nifty bank trades below 24860, it can slide to 24580.

NIFTY 50 VIEW

Nifty 50 (10458)

▪Nifty has crossed its stiff resistance of 10440-10460.

▪Now it has to trade above 10480 to catch a rally me momentum and show 10515-10590.

▪If trades below 10400, some selling pressure can take over market and it can slide to 10366-10290.

NIFTY BANK VIEW

Nifty Bank (25098)

▪Nifty Bank is on breakout pattern and can show 25400 soon
Yesterday it had showed a dip and now on trading above 25340, it can show 10500-10600.

▪Below 25000 it can shed to 24800.

NIFTY 50 VIEW

Nifty 50 (10417)

▪Nifty had faced resistance in the first hour of trade and showed lower levels but reversed in the second half of the day with a closing near its stiff resistance of 10420.

▪Today if it faces resistance at 10420- 10450, it can again shed to 10370- 10350 levels.

▪But if crosses 10450 with high volumes it can show 10500-10545.

NIFTY BANK VIEW

Nifty Bank (25226)

▪Nifty Bank is in a rally mode with breakout signals and now is heading towards 25400, if 25190 acts as support.

▪If it breaks 25190 it can slip to 24900 the strong bounce back zone.

NIFTY 50 VIEW

Nifty 50 (10402)

▪Nifty yesterday traded in a small range of 50 points of 10380-10430.

▪It has stiff resistance at 10440, if crosses and maintains it can act as support and nifty can show sharp rally towards 10600.

▪If faces resistance it can cool down to 10300-10200, as nifty had been rally mode from 10200 levels some profit booking can take place.

NIFTY BANK VIEW

Nifty Bank (25093)

▪Nifty Bank yesterday crossed it's stiff resistance zone of 24880 and gave a close with a marubozu candle pattern.

▪It has also given a positive pattern breakout and now is heading towards 25200-25400 .

▪If trades below 24880  it can shed to 24700-24600.

NIFTY 50 VIEW

Nifty 50 (10379) 

▪Nifty yesterday was in uptrend mode but did not close above 10400.

▪Today on crossing 10400, it can show 10450-10490 the stiff resistance zone of nifty.

▪If trades below 10350, it can cool down to 10300-10280.

NIFTY BANK VIEW

Nifty Bank (24873)

▪Nifty Bank is trading near its stiff resistance zone of 24900-24950.

▪If trades above this it will act as support and it can rise and show  25180-25272-25421 levels.

▪But if trades below this on facing resistance it can slide to  24400-24200.

NIFTY 50 VIEW

Nifty 50 (10331)

▪Nifty last week had hold the short term bounce back zone of 10084 and broke it's trendline of 10146 on closing basis.

▪Now on trading above 10350, it can rise to its stiff resistance zone of 10440-10460.

▪Support for the week 10190 &
support for intraday 10290-10260.

NIFTY BANK VIEW

Nifty Bank (23759)

▪Nifty Bank is heading towards a W pattern breakout on short term charts.

▪Today it can show 24930 with the support of 24650.

▪If trades below 24650, can slip to 24450.

NIFTY 50 VIEW

Nifty 50 (10325)

▪Nifty yesterday showed uptrend resuming and traded with positiveness. As of now it is heading towards 10430 its short term resistance  with the support of 10290-10250 for the day.

▪Weekly closing will further indicate the direction for the upcoming week.

▪Trading below 10250, can again slide it to 10190-10140.

NIFTY BANK VIEW

Nifty Bank (24129)

▪Nifty Bank made a new high on opening but showed lower levels heading towards the closing.

▪Today on trading below 24080-24060 zone, it can further slide to 23920-23870.

▪If trades above 24250 only some pull back can be seen.

▪Global Market indicates a gap up opening.

NIFTY 50 VIEW

Nifty 50 (10128)

▪Nifty yesterday  though made a new high showed sell off in the later part of the day and close above 10100.

▪Today on breaking 10100-10080, it can further sell and slide to 10066-10004.

▪Only on trading above 10190-10200 uptrend can take over to show 10235-10341.

▪As per Global Market, Nifty can show a gap up opening.

NIFTY BANK VIEW

Nifty Bank (24510)

▪Nifty bank yesterday as we mentioned has closed with a doji and on  trading above 24400, it showed 24500.

▪Now on trading above 24500-24540, it can show 24600- 24700- 24800,
Momentum is upside in the index.

▪Below 24200, selling can take over to slide to 24000.

NIFTY 50 VIEW

Nifty 50 (10245)

▪Nifty opened near its support zone of 10180- 10190 and after some consolidation it rose above 10200 and gave a close above 10230 the previous resistance zone.

▪Now on holding 10230-10200, it can show 10276-10308.

▪Below 10190, it can slide to 10140.

NIFTY BANK VIEW

Nifty Bank (24328)

▪Nifty Bank yesterday showed selling pattern but reversed with sharp move closing with a doji pattern.

▪Today on trading above 24380, it can show 24446-24566.

▪If trades below 24200, it can again slide to 24000.

NIFTY 50 VIEW

Nifty 50 (10211)

▪Nifty yesterday opened near it's support zone and broke the resistance zone of 10200 on closing basis.

▪Today it has to trade above its short term resistance zone of 10230, to show  10245-10278- 10330.

▪Support zone lies @ 10180-10190 zone,
If trades below support zone it can shed to 10150-10120.

NIFTY BANK VIEW

Nifty Bank (24263)

▪Nifty bank has formed double bottom kind of formation in weekly charts but has stiff resistance @ 24500-24600 zone, after crossing this a sharp pull back can be seen towards 25000-25200.

▪Support zone lies at 24270-24300 for the week.

NIFTY 50 VIEW

Nifty 50 (10113)

▪Nifty has given a positive close in weekly charts and coming week if trades above 10130 can show good pull back towards 10180-10220 intraday, (10440) weekly.

▪If breaks 10090 can slide to 10000-9840.