NIFTY BANK VIEW

Nifty bank (25376)

▪Nifty bank has broke its strong bounce back zone of 26000-26100 and now is trading around 25000.

▪Nifty bank has shed down to its maximum support range of the month with a low of 24678 on Tuesday.

▪- any  rise ABV 25540 can ride the index to 25740- 26000..

▪-below 25180 it can further shed to 25000-24940.

NIFTY 50 VIEW

Nifty 50 (11053)

▪Nifty charts have mixed signals might be due to expiry today.

▪Daily Charts have drawn selling pattern formation but is around its strong support and bounce back area of 10800..10740

▪It is trading near its support zone of 11020..11050 .

▪Holding this it can show pull back to 11130-11220.

▪Trading below 11000 can show sharp fall towards 11890.

NIFTY BANK VIEW

NIFTY BANK [25330]

▪ALIKE, NIFTY 50, NIFTY BANK TOO RECOVERED SHARPLY IN THE LAST HOUR OF TRADE & MANAGED TO CLOSE ABOVE 25300 MARK.

▪SHORT-TERM CHARTS INDICATE A REVERSAL TOWARDS 25590-25650-25720 AREA.

▪NOW 25120 IS ACTING AS A SHORT-TERM SUPPORT FOR THE INDEX.

NIFTY 50 VIEW

NIFTY 50 [11067]

▪AFTER CONSOLIDATING FOR THE ENTIRE SESSION, NIFTY SURGED SHARPLY IN THE LAST HOUR & MANAGED TO CLOSE ABOVE 11000 MARK.

▪SHORT-TERM CHARTS INDICATE A REVERSAL TOWARDS 11130-11160-11190 AREA.

▪NOW 11030-11010 IS ACTING AS A SHORT-TERM SUPPORT FOR THE INDEX.

NIFTY BANK VIEW

Nifty Bank (24970)

▪Nifty Bank has broke it's bounce back zone of 26000 with bearish engulfing candle. 

▪It can soon show 24700 levels the positional support zone.

▪Any pull back can take it to 25440-25900.

▪Gates are open to show lower levels.

NIFTY 50 VIEW

Nifty 50 (10967)

▪Nifty yesterday broke it's bounce back zone of 11000 on closing basis. 

▪Today if trades below 10940, it can shed to 10750-10700 the next bounce back zone.

▪Trading above 11040, can show pull back to 11108-11250.  

▪The selling patterns are still active so sell on rise can be the strategy for the day.

NIFTY BANK VIEW

Nifty bank (25596)

• Nifty bank broke it's major support zone of 26100 and made a low of 25053 with a fall of 1400 points.

• Major positional zone lies at 24800-24600 zone, if it holds it in upcoming week it can show 26100-26500 again. 

• Break through this zone can slide with selling pressure and free fall can be seen in the index to 23800.

NIFTY 50 VIEW

Nifty 50 (11143)

• Nifty on Friday showed huge sell off after facing resistance at 11340 zone though in the first hour crossed previous day high with a positive sign but did not hold on higher levels. 

• It also broke the major bounce back support level of 11020. 

• Nifty bounced sharply after a low of 10866 closing above 11020. 

• For upcoming week 11020-10840 can act as support zone if holds can resume and closing above 11160 can show 11340.

• Below 10840 gates open for 10690-10500.

NIFTY BANK VIEW

NIFTY BANK [26820]

▪NIFTY BANK SHEDS ALMOST 260 POINTS ON MONDAY, HOWEVER CONSOLIDATED IN A NARROW RANGE OF 90 POINTS THEREAFTER TILL THE END OF THE SESSION.

▪POSITIONAL CHARTS INDICATED FURTHER FALL TOWARDS 26700-26590-26555.

▪MINOR REVERSAL CAN TAKE PLACE ABOVE 26900 TOWARDS 26980-27100-27250.

NIFTY 50 VIEW

NIFTY 50 [11377]

▪NIFTY SHEDS MORE THAN 90 POINTS ON THE FIRST DAY OF THE WEEK & FILLED THE GAP CREATED ON LAST FRIDAY [14th SEP].

▪SHORT-TERM CHARTS INDICATED FURTHER FALL, BELOW 11350 TOWARDS 11320-11300-11280. 

▪SHORT-TERM RESISTANCE CAN BE AROUND 11420-11440 AREA, ABOVE WHICH THE INDEX CAN SHOW MINOR RECOVERY TOWARDS 11500.

NIFTY BANK VIEW

NIFTY BANK [27163]

▪ALIKE NIFTY, NIFTY BANK TOO SHOWED RECOVERY WITH A GAP-UP OPINING ON FRIDAY. 

▪IF TRADES BELOW 27000, IT CAN SLIDE TOWARDS 26680.

▪TRADES ABOVE 27250, WILL BRING SOME UPTREND IN THE INDEX TOWARDS 27330-27460-27520 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11515]

▪AFTER SHOWING BEARISH MOVES THROUGHOUT THE WEEK, NIFTY SHOWED MINOR RECOVERY, WITH A GAP-UP OPEINING ON FRIDAY. THE WEEK ENDS-UP FORMING A RED HAMMER CANDLE PATTERN, INDICATING FURTHER BEARISH MOVES IN THE COMING WEEK.

▪NOW, IF SUSTAINS BELOW 11480 LEVELS, IT CAN SHED TOWARDS 11440-11430 ZONE. AND ON MAINTAINING BELOW  11430, IT CAN SLIDE FURTHER TO FILL THE GAP CREATED ON FRIDAY TOWARDS 11380.

▪TRADES ABOVE 11560, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 11600-11640 AREA.

NIFTY BANK VIEW

NIFTY BANK [26819]

▪ALIKE NIFTY, NIFTY BANK TOO SHOWED MILD RECOVERY IN THE SECOND HALF OF THE SESSION.

▪TODAY, ON MAINTAINING ABOVE 26900, IT CAN SHOW 27000-27100-27200 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 26740-26720, BELOW WHICH THE INDEX CAN SLIDE DOWN TOWARDS 26620-26560 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11369]

▪NIFTY HOLDS THE SELLING PRESSURE OF LAST TWO CONSECUTIVE DAYS, SHOWED LITTLE REVERSAL ON SECOND HALF OF THE TRADING SESSION ON WEDNESDAY. 

▪TODAY, ON SUSTAINING ABOVE 11380, IT CAN RESUME BACK TOWARDS 11415-11445-11465 LEVELS.

▪SHORT-TERM SUPPORT ZONE CAN BE AROUND 11330, BELOW WHICH THE INDEX CAN SLIDE AGAIN TOWARDS 11300-11280-11250 ZONE.

NIFTY BANK VIEW

NIFTY BANK [26807]

▪IT SHED MORE THAN 540 POINTS IN THE SECOND HALF OF THE SESSION.

▪TODAY, IF MAINTAINS BELOW 26795, IT CAN SLIDE FURTHER TO 26680-26620-26560 AREA.

▪26980-27000 CAN BE THE RESISTANCE FOR THE DAY.

NIFTY 50 VIEW

NIFTY 50 [11287]

▪BEAR'S PARTY CONTINUES FOR THE SECOND DAY OF THE WEEK, NIFTY SHEDS MORE THAN 200 POINTS.

▪AS PER TECHNICAL CHARTS, THE INDEX CAN SLIDE FURTHER TOWARDS 11230-11210-11190.

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

▪11350, CAN ACT AS A SHORT-TERM RESISTANCE FOR THE INDEX.

NIFTY BANK VIEW

NIFTY BANK [27481]

▪AFTER SLIDING MORE THAN 1000 POINTS, NIFTY BANK TRADED IN A VERY NARROW RANGE IN THE LAST TWO SESSIONS OF THE WEEK.

▪IF SUSTAINS ABOVE 27580, IT CAN SHOW 27680-27780-27880 LEVELS.

▪BELOW 27230, IT CAN SLIDE TOWARDS 27130-27000-26900 ZONE.

NIFTY 50 VIEW

NIFTY 50 [11589]

▪NIFTY SHEDS MORE THAN 180 POINTS FROM HIGHER LEVELS IN THE FIRST THREE DAYS OF WEEK. HOWEVER, IT RECOVERED A BIT IN THE LAST TWO TRADING SESSIONS.

▪NOW IT HAS TO SUSTAIN ABOVE 11630 LEVELS FOR A REVERSAL TOWARDS 11680-11700-11720 AREA.

▪TRADES BELOW 11555, WILL INDICATE A SLIDE TOWARDS 11520-11500-11480 ZONE.

NIFTY BANK VIEW

NIFTY BANK [27468]

▪NIFTY BANK CONSOLIDATED IN A RANGE OF 300 POINTS IRRESPECTIVE OF WEEKLY EXPIRY.

▪TODAY, ON SUSTAINING ABOVE 27550, IT CAN SHOW 27680-27730 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 27240, BELOW WHICH THE INDEX CAN SLIDE TOWARDS 27130.

NIFTY 50 VIEW

NIFTY [11536]

▪NIFTY HOLDS LAST THREE DAY'S SELLING PRESSURE & SURGED MORE THAN 120 POINTS FROM THE LOWS IN THE LATER PART OF THE SESSION.

▪TODAY, ON SUSTAINING ABOVE 11550, IT CAN SHOW 11580-11600 LEVELS.

▪SHORT-TERM SUPPORT CAN BE AROUND 11500, BELOW WHICH THE INDEX CAN SLIDE TOWARDS 11460.

NIFTY BANK VIEW

NIFTY BANK [27376]

▪NIFTY BANK TOO SHEDS 370 POINTS ON WEDNESDAY TRADING SESSION. BUT RECOVERED FORMING AN 'INVERTED HAMMER' CANDLE PATTERN AT THE LOW POINT OF DAY.

▪TODAY, ON SUSTAINING ABOVE 27440, IT CAN SHOW 27540-27680-27710.

▪SUPPORT & BOUNCE-BACK ZONE 27230, BELOW WHICH THE INDEX CAN SLIDE DOWN TO 27170-27000 AREA.

NIFTY 50 VIEW

NIFTY 50 [11476]

▪BEAR'S PARTY CONTINUES STRAIGHT FOR THE THIRD DAY OF THE WEEK, NIFTY SHEDS ALMOST 150 POINTS.
HOWEVER, IT RECOVERED IN THE LAST HOUR & MANAGED TO CLOSE ABOVE 11470 MARK. 

▪TODAY, ON TRADING ABOVE 11470, IT CAN ZOOM TOWARDS 11500-11520-11540. 

▪SUPPORT & BOUNCE-BACK ZONE 11430, BELOW WHICH THE INDEX CAN SLIDE DOWN TO 11400-11380 AREA.

NIFTY BANK VIEW

NIFTY BANK [27430]

▪NIFTY BANK TOO PROVED A GOOD DAY FOR THE BEARS, SHED MORE THAN 480 POINTS.

▪SHORT-TERM CHARTS ARE INDICATING A FURTHER SLIDE TOWARDS 27290-27250.

▪TRADES ABOVE 27560, WILL BRING SOME REVERSAL TOWARDS 27680-27720 AREA.

NIFTY 50 VIEW

NIFTY 50 [11520]

▪SELLING PRESSURE CONTINUED FOR THE SECOND DAY OF THE WEEK, NIFTY SHED MORE THAN 100 POINTS.

▪TODAY ON MAINTAINING BELOW 11510, IT CAN SLIDE FURTHER TO 11470-11430-11400  LEVELS.

▪TRADES ABOVE 11540, WILL BRING SOME REVERSAL TOWARDS 11580-11600 AREA.

NIFTY BANK VIEW

NIFTY BANK [27819]

▪PROFIT BOOKING PULLED DOWN NIFTY BANK BY MORE THAN 400 POINTS TOWARDS ITS POSITIONAL SUPPORT & BOUNCE-BACK ZONE OF 27780-27740.

▪TODAY IF IT BREAKS 27740, IT CAN SLIDE FURTHER TOWARDS 27670-27550 LEVELS.

▪TRADE ABOVE 27950, WILL BRING SOME REVERSAL IN THE INDEX TOWARDS 28090-28200

NIFTY 50 VIEW

NIFTY 50 [11582]

▪NIFTY OPENED NEAR SHORT-TERM RESISTANCE & SHED MORE THAN 180 POINTS ON THE FIRST TRADING DAY OF THE WEEK & MONTH.

▪TODAY, IF IT SUSTAINS  BELOW 11560, IT CAN SLIDE FURTHER TOWARDS 11510-11490 LEVELS.

▪HOPE OF REVERSAL RISES ABOVE 11640 FOR 11700-11720-11740  LEVELS.

NIFTY BANK VIEW

NIFTY BANK VIEW [28061]

▪NIFTY BANK SHOWED RECORD HIGH LEVEL OF 28388, ON SECOND DAY OF THE WEEK, THEREAFTER IT SHED MORE THAN 440 POINTS FROM THE FRESH HIGHS.

▪AS PER POSITIONAL CHARTS, ON MAINTAINING ABOVE 28130, THE INDEX CAN ZOOM TOWARDS 28260-28320-28480 LEVELS.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 27930-27910 AREA. BELOW WHICH, THE INDEX CAN SLIDE TOWARDS 27860-27820 AREA.

NIFTY 50 VIEW

NIFTY 50 [11680]

▪NIFTY SHOWED RECORD HIGHS OF 11760 BUT FAILED SUSTAIN AT HIGHER LEVELS & SHED ALMOST 120 POINTS FROM THE ALL TIME HIGH, LAST WEEK. 

▪POSITIONAL CHARTS ARE INDICATING A  FURTHER MOVE TOWARDS 11840-11860-11880 LEVELS ON MAINTAINING ABOVE 11760.

▪SHORT-TERM SUPPORT & BOUNCE-BACK ZONE CAN BE AROUND 11630 LEVELS, BELOW WHICH THE INDEX CAN SLIDE TO 11590-11570 AREA.