NIFTY BANK VIEW

NIFTY BANK [28224]

▪NIFTY BANK TRADED IN A VERY TIGHT RANGE OF 170 POINTS, HOLDING ITS SHORT-TERM SUPPORT ZONE OF 28150 ON WEDNESDAY.

▪TODAY, IF IT MAINTAINS BELOW 28140, IT CAN SHED SOME POINTS TOWARDS 28070-27980-27900 LEVELS.

▪HOPE OF REVERSAL RISES ABOVE 28340, FOR 28420-28480-28560 AREA.

NIFTY 50 VIEW

NIFTY 50 [11691]

▪NIFTY TRADED IN A VERY NARROW RANGE ON WEDNESDAY, AHEAD OF AUGUST SERIES EXPIRY.
IT SHED MORE THAN 50 POINTS IN THE LAST HOUR & BREACHED ITS SHORT-TERM SUPPORT LEVEL OF 11680.

▪TODAY, IF MAINTAINS BELOW 11680, IT CAN SLIDE DOWN TOWARDS 11660-11630 LEVELS.

▪TRADES ABOVE 11740 WILL BRING SOME UPTREND IN THE INDEX TOWARDS 11780-11800-11820 ZONE.

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

NIFTY BANK VIEW

NIFTY BANK [28269]

▪ALIKE NIFTY 50, NIFTY BANK TOO SHOWED RECORD HIGHS OF 28388 IN THE FIRST HOUR OF TRADE, THEREAFTER CONSOLIDATED THE ENTIRE TRADING SESSION IN A SMALL RANGE OF 130 POINTS. 

▪TODAY, ON MAINTAINING ABOVE 28290, IT CAN ZOOM TOWARDS 28380-28420-28480 LEVELS.

▪SHORT TERM SUPPORT ZONE CAN BE AROUND 28150, BELOW WHICH IT CAN SLIDE DOWN TOWARDS 28040-27980 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [11738]

▪AFTER A GAP-UP OPENING YESTERDAY, NIFTY SHOWED A FRESH RECORD HIGH OF 11760 IN THE FIRST HOUR OF TRADE, THEREAFTER CONSOLIDATED THE ENTIRE TRADING SESSION IN A SMALL RANGE OF 30 POINTS. CLOSED AT RECORD HIGHS.

▪TODAY, ON MAINTAINING ABOVE 11750, IT CAN SHOW 11780-11800 LEVELS.

▪SHORT TERM SUPPORT ZONE CAN BE AROUND 11710, BELOW WHICH IT CAN SLIDE DOWN TOWARDS 11680-11650 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [28264]

▪ALIKE NIFTY 50, NIFTY BANK TOO SHOWED A RALLY OF ALMOST 360 POINTS ON THE FIRST TRADING SESSION OF THE WEEK, BUT FAILED TO TOUCH ITS RECORD HIGHS.

▪AS PER POSITIONAL CHARTS, TODAY IT CAN SHOW 28390-28460-28520 LEVELS.

▪SHORT-TERM SUPPORT ZONE CAN BE AROUND 28170, BELOW WHICH THE INDEX CAN SLIDE DOWN TOWARDS 28050 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [11691]

▪YESTERDAY, NIFTY OPENED POSITIVE, SURGED MORE THAN 100 POINTS & SHOWED A RECORD HIGH OF 11700. THE SESSION ENDED UP FORMING A PURE BULLISH CANDLE, INDICATING A FURTHER MOVE TOWARDS FRESH RECORD HIGHS.

▪POSITIONAL CHARTS ARE INDICATING A FURTHER MOVE TOWARDS 11720-11740-11760 LEVELS.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 11650-11630.

NIFTY BANK VIEW

Nifty Bank (27843)

• Nifty bank did touch its all time high previous week rally and has closed near its support zone of 27680-27740.

• A bounce can again take it to its all time high of 28377.

• If breaks below 27680, it can show 27400-27300 which is its positional bounce back zone. 

• Close below 27000, can slide it to 26500.

NIFTY 50 VIEW

Nifty 50 (11557)

• Nifty is in uptrend mode and it can show 11870 soon.

• Last week nifty consolidated in the latter part of the week.

• Now the breakout above 11580 can bring uptrend to show 11870. 

• If nifty breaks 11530 zone, it can slide to its bounce back zone of 11480 which is a dip zone and can be used as buying opportunity.

• Positional support can be around 11340. 

• Closing below 11340-11300 can be a sign of worry for short term traders.

NIFTY 50 VIEW

Nifty 50 (11570)

▪Nifty has made a doji on new high on Tuesday indicating the uptrend can cool down to support levels.

▪As sgx nifty is trading near 11600 levels nifty can show a gap up opening.

▪Maximum range for the day is 11680-11700.

▪Support levels are around 11520.

▪Below 11520 it can show 11480.

▪As mentioned earlier too all dips are buying opportunities nifty is heading towards 12000.
Until 11340 is broken on closing basis.

NIFTY BANK VIEW

Nifty Bank (28274)

▪Nifty Bank is scaling up  towards  its all time high of 28380-28540.

▪Support zone lies around 28000-27900.

▪All dips are buying opportunities for positional levels of 29000 soon.

▪Closing below 28000, can take it to  27900-27800.

NIFTY 50 VIEW

Nifty 50 (11551)

▪Nifty scaled up new high 11565 yesterday and is now heading towards 11600-11620.

▪Support zone lies 11440.

▪On trading below 11440, it can shed to its bounce back zone of 11400-11340.

▪All dips are buying opportunities for positional target of 11870-12000.

NIFTY BANK VIEW

Nifty Bank (28128)

• Nifty bank has formed a double bottom formation on closing basis even after a gap down opening in the first days of the week due to global cues.

• This week on trading above 28200, it can again touch its all time high of 28377 and  28500

• Trading below 27700, can be a sign of worry as it can shed to its positional support levels of 27300-27200.

NIFTY 50 VIEW

Nifty 50 (11470)

• Nifty has hold its support zone of 11320-11340 on every fall which was delivered due to global political issues.

• It has closed with a ‘spinning top’ kind of candle formation and traded in the range of previous week.

• Now on breaking above 11500, it can show 11560-11610. 

• Break down below 11320, it can show 11280-11240.

• Momentum in the index is positive.

NIFTY BANK VIEW

Nifty Bank (27826)

▪Nifty bank consolidated yesterday between 27780- 28100

▪Today if holds the zone of 27700 and on trading above 28100, it can show 28160- 28220.

▪Trading below 27700, it can slide to 27600-27550.

NIFTY 50 VIEW

Nifty 50 (11385)

▪Yesterday nifty opened near support levels of 11400 and rose to 11449 but gave a close with an inverted hammer formation.

▪Today if it hold the zone of 11340-11360 and breaks above 11450 uptrend can resume to show 11480-11540.

▪But if breaks 11340, it can slide to 11320-11240.

NIFTY BANK VIEW

Nifty bank (28021)

▪Nifty bank too like nifty opened on Tuesday near its support zone and rose up holding the support of 27850.

▪Today too it can show opening near its support zone.

▪Further trend of the day will be decided on opening cues.

▪Support lies at 27740-27840 zone.

▪Resistance at 28100-28300.

NIFTY 50 VIEW

Nifty 50 (11435)

▪Nifty had hold its positional support of 11340 zone though it had shown some selling pressure in the first days of the week.

▪Today again opening can be a gap down opening as sgx nifty is indicating due to many global cues.

▪Further trend can be assumed after opening and first hour of trade.

▪Support zone lies at 11340-11320.

▪Resistance is at 11470-11500.

NIFTY BANK VIEW

Nifty Bank (27794)

▪Nifty Bank opened with a gap down opening and closed with an inverted hammer formation.

▪Today on trading above 27920, uptrend can resume.

27739-27600-27480, are on its path of support.

NIFTY 50 VIEW

Nifty 50 (11355)

▪Nifty yesterday gave a gap down opening due to negative global news on Turkish currency and maintained the gap with a doji candle formation closing .

▪Another gap down or gap up can decide the further trend in market in coming days.


▪Sgx is trading at +1  indicating flat opening.

▪11340 zone is the positional support if holds and resumes it can fill yesterday's gap of 11406-11419 and nifty can climb higher.

▪Trading below 11340, indicates 11290-11240 on the way.

NIFTY BANK VIEW

Nifty Bank (28124)

• Nifty Bank has given closing with a new all time high.

• It can cool down to support level of 26900 and further bounce to show new high and levels of 29000 very soon.

• 27900-27400 can act as support zone for the coming week.

NIFTY 50 VIEW

Nifty 50 (11429)

• Nifty is in uptrend format and heading towards 11600-11700 in this week.

• The index has cooled down to its support levels and can further show levels of 11400-11340-11240 in this week. 

• All these support levels are bounce back zones it can be used as buying dips for the targets of 11600-11700. 

• Below 11000 can be cautious zone if breaks on closing basis.

NIFTY BANK VIEW

Nifty Bank (28320)

▪Nifty bank yesterday made a gap up opening and sustained the gap for the rest hours of the day.

▪Today if it trades above 28370, it can show 28440-28600.

▪Trading below 28130, can fill the gap of yesterday and the index can shed to 28000-27900.

NIFTY 50 VIEW

Nifty 50 (11470)

▪Nifty yesterday again scalled up to a new high in opening hour but closed with a 'hanging man' candle pattern.

▪Today to again rise higher it has to trade above 11500 and show 11600 but the weekly range is over at 11490.

▪If it trades below 11450, it can shed to 11400-11350, its intraday bounce back zone.

NIFTY BANK VIEW

Nifty Bank (28062)

▪Nifty Bank yesterday rose up to new high of 28128.

▪Today above 28140 it can further rise and show 28180-28220-28400. 

▪Today being weekly expiry of bank nifty trading session can be volatile.

▪All dips are buying opportunities with the support of 27800, for a rally towards the 28220-28400

NIFTY 50 VIEW

Nifty 50 (11450)

▪Nifty yesterday again showed a new high of 11459 and broke the consolidation of last two days.

▪It is now heading towards 11484-11530-11610 soon. 

▪11344 is acting as major support. 

▪All dips towards 11400-11360, can be used as buying opportunities for a rally towards resistances of 11484-11510-11630.

NIFTY BANK VIEW

Nifty Bank (27875)

▪Nifty Bank yesterday was in a small range of 150 point s- 27820-27990.

▪Today break through either side will decide the trend of the index.

▪Above 28000, it can show 28180- 28400.

▪Below 27800, it can show 27700-27500.

NIFTY 50 VIEW

▪Nifty traded in very narrow range yesterday of 11350- 11430, but with a double top formation.

▪Today, if breaks 11340-11320, zone it can shed to 11230.

▪On trading above 11430, it will enter into a new rally zone and show 11484- 11600.

NIFTY BANK VIEW

Nifty Bank (27898)

▪Nifty Bank yesterday formed a new high of 27994 just 6 points away from 28000 faced resistance and gave a closing with an hanging man doji formation.

▪Today the index can show dips towards its support zone of 27780-27680 on maintaining below 27880. 

▪Trading above 28000, can bounce back with the uptrend series and the index can show 28120-28340.

NIFTY 50 VIEW

Nifty 50  (11387)

▪Nifty yesterday once again achieved a new high with a gap up opening but closed with a doji kind of formation.

▪Today, if it cover the remaining gap of two points and trade below 11360, it can slide to 11340- 11300- 11270.

▪Trading above 11430, can bring back the uptrend momentum and it can show 11450-11500.

NIFTY BANK VIEW

Nifty Bank (27695)

 Nifty bank marked a new high on the first day of the week but failed to sustain on those higher levels further shed down to positional support levels of 27300.

 The index closed with a hanging man candle pattern formation in weekly charts.

 If nifty bank trades below 27300, selling will be active and the rally of previous week will be over.

 Trading above 27900, a new rally zone will be active and it can show 28400 soon.

 Support zone lies at 27300-27600.

 Maintains below 27300, it can slide to 27000.

NIFTY 50 VIEW

Nifty 50 (11360)

 Nifty showed a new high last week of 10390 with a breakout above 10344 the stiff resistance level of positional charts.

 This week it can show new high of 11420-11460 as on Friday nifty reversed after a fall of previous two days with a marubozu pattern.

 Support levels for the week are at 11200. 

 All dips towards 11300-11260 can be used as buying opportunities.

 Close below 11200 can show some cool down pressure in the index.

NIFTY BANK VIEW

Nifty Bank (27355)

▪Nifty bank yesterday shed down to its bounce back support zone of 27340.

▪Today if holds 27300, it can resume back to uptrend and show 27390-27450.

▪Trading below 27320, it can slip to 27290-27230.

NIFTY 50 VIEW

Nifty 50 (11244)

▪Yesterday nifty faced resistance at its stiff resistance of 11344 and shed down to its support zone of 11230.

▪Today sgx is indicating positive opening.

▪Bounch back zone lies at 10200-10230.

▪If trades below 10200, it can shed to 11174.

▪Trading above 10270, it can show 10300-10344.

NIFTY BANK VIEW

Nifty Bank (27764)

▪Nifty Bank yesterday traded in the zone of 27600- 27840 and consolidated.

▪Today if maintains above 27750-27660, it can show 27850- 27940.

▪Below 27650, it can slide to 27550.

NIFTY 50 VIEW

Nifty 50 (11356)

▪Yesterday nifty made a new high and crossed it's stiff resistance 11344 in the later part of the day. It had hold the zone of 11260.

▪Today, it can face  resistance around 11392-11404, if it trades above 11344.

▪Support for the day lies at 11290-11330.