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.

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.

NIFTY BANK VIEW

Nifty Bank (25383)

▪Nifty Bank traded yesterday in the same range of Friday [25300-25700].

▪For today break through either side can show 25880 on the higher side and 25100 levels on lower side.

NIFTY 50 VIEW

Nifty 50 (10554)

▪Nifty opened near resistance and cooled down to 10540. 

▪It had hold the zone of 10500 and today on trading above 10640 it can show  10668-10700.

▪On trading below 10530 it can shed to 10500-10480.

▪As per SGX, a gap-down opening is possible.

NIFTY BANK VIEW

Nifty Bank (25687)

▪Nifty Bank yesterday gave a gap up opening and has given a close above its strong bounce zone of 25480.

▪It is now heading towards 25810-25890.

▪25380 can act as support for today.

▪On trading below 10380 selling pressure can be seen.

NIFTY 50 VIEW

Nifty 50 (10582)

▪Nifty yesterday gave a gap up opening and and maintained above 10520 forming it as a strong support.

▪Today it has a minor resistance@ 10620-10640 zone once on crossing this it can show 10700- 10740.

▪If trades below 10520 it can slide to 10470.

NIFTY BANK VIEW

Nifty Bank (24936)

▪Nifty Bank is heading towards 24700 on trading below 24900. 

▪Trading session can be volatile due to expiry.

▪Support zone lies at 24820-24700.

▪Resistance for the day lies at 25025-25114.

NIFTY 50 VIEW

Nifty 50 (10397)

▪Nifty yesterday trades in a very tight range of 10340-10430.

▪It had showed a pull back momentum in the last hour of the day.

▪Today being an expiry day trading session can be volatile.

▪Below 10270, it can shed to 10240-10200-10170.

▪Above 10430, only a strong pull back can be seen which can take it to 10510-10600.

NIFTY BANK VIEW

Nifty Bank (24874)

▪Nifty Bank has its strong bounce back zone @ 24650 

▪Today if it trades below 24800 it can slide to 24650.

▪On trading above 25160 only some pull back can be seen towards 25314.

NIFTY 50 VIEW

Nifty 50 (10360)

▪NIFTY is hovering near the bounce back zone of 10300-10400.

▪Yesterday it consolidated in the tight range of 10340- 10430.

▪Today to catch pull back it has to trade  abiv 10430, to show 10480.

▪Break through 10340 can slide to 10300-10270-10240.

NIFTY BANK VIEW

▪Nifty Bank (25058)

▪Nifty Bank broke yesterday its bounce back zone of 25200 and made a low of 24824.

▪Today it can face resistance @ 25200-25100 zone and on breaking 24800 can further shed to 24600 levels.

▪Resistance for the day is 25200-25300 zone and support is @ 25000-24800.

NIFTY 50 VIEW

Nifty 50 (10378)

▪Nifty has given a close below 10400 with a formation of head and shoulder pattern which will be active on closing below 10270 to show 500 points down in coming days i.e  10000.

▪Yesterday nifty broke it's bounce back zone of 10380-10400 and made a low of 10302.

▪Today if it trades above 10400, again a pull back can be seen towards 10510-10610 levels.

▪On trading below 10380 it can shed to 10270-10240.

NIFTY BANK VIEW

Nifty Bank (25163)

Nifty Bank broke the major support zone of 25400 and made a low of 25100 on Friday now it's heading towards 24600 positionally.

25400 will act as stiff resistance.

Below 25100 it can show 24900.

NIFTY 50 VIEW

Nifty 50 (10452)

Nifty has broke it's short term triangle pattern and is again heading towards 10400-10300 its bounce back support zone.

Nifty is not able to maintain above 10600 zone and has been consolidating between 10400-10600.

Break through either side will decide the further trend in market.

Below 10400 it can slide to 10300- 10270- 10100.

Above 10600, it can rise to fill the gap of 10700-10740.

NIFTY BANK VIEW

NIFTY BANK [25424]

ALIKE NIFTY,  NIFTY BANK TOO SLIDE IN THE SECOND HALF OF TRADING SESSION .
25600-25620 ARE ACTING AS A STIFF RESISTANCE FOR THE INDEX, CROSSING & SUSTAINING ABOVE WILL RESULT IN A RALLY OF 400-500 POINTS.

SHORT TERM SUPPORT & BOUNCE BACK ZONE CAN BE AROUND 25290-25250 AREA.

NIFTY 50 VIEW

NIFTY 10545

YESTERDAY, NIFTY SHOWED SOME REVERSAL SIGNALS IN THE FIRST HALF OF TRADING SESSION BUT FAILED TO SUSTAIN ABOVE 10600 MARK. THEREAFTER IT SHED ALMOST 90 POINTS FROM THE DAY'S HIGH.

10520-10500 ARE ACTING AS A SHORT TERM SUPPORT FOR THE INDEX, BELOW THIS IT CAN SLIDE TO 10470-10440.

NIFTY HAS TO SUSTAIN ABOVE 10570, TO SHOW SOME UPWARD MOVEMENTS.

NIFTY BANK VIEW

NIFTY BANK 25341

IT SHED ALMOST 600 POINTS ON WEDNESDAY & THE DAY ENDED UP WITH BEARISH ENGULFING PATTERN CANDLE, INDICATING FURTHER DOWNSIDE IN THE INDEX.
IT CAN SLIDE TO 25100-24900 LEVELS.
STIFF RESISTANCE ZONE IS AROUND 25590

NIFTY 50 VIEW

NIFTY 10500

AFTER CONSOLIDATING THE ENTIRE DAY, NIFTY DRAGGED DOWN BY ALMOST 85 POINTS IN THE LAST HOUR OF TRADE.
BELOW 10470, IT CAN SLIDE FURTHER TO 10430-10380 LEVELS.

STIFF RESISTANCE ZONE 10570.

NIFTY BANK VIEW

Nifty Bank (25701)

◼Nifty Bank has closed above 25390-25370 the bounce back zone and now is heading towards 25880-25990.

◼Support zone lies @ 25390-25370.

◼Resistance is @ 26100.

◼Nifty Bank is in a rally mode can show above levels soon.

NIFTY 50 VIEW

Nifty 50 (10539)

◼Nifty gave a gap up opening and maintained the gap  with closing above 10500.

◼The island formation is showing positive pattern formation BUT NEAR RESISTANCE OF 10570-10640 ZONE

◼TODAY IT HAS TO TRADE ABOVE 10570 AND 10640 TO SHOW 10670-10700.

◼On trading below 10470-10450, it can slide to 10400-10380.

NIFTY BANK VIEW

Nifty Bank (25463)

🔲Nifty Bank is trading near its bounce back zone of of 25380...25420.

🔲It has covered the monthly range downside so reversal can be sharp towards 25870.

🔲It has to cover the gap of 26215..26364 to form the reversal active in this week. 

🔲On breaking 25000 it can slide to 24500.

🔲Intraday range for bank nifty is Support @ 25350..25250, resistance @ 25480...25520

NIFTY 50 VIEW ON 12/02/2018

Nifty 50 (10454)

🔲Nifty gave a gap down opening on Friday but pulled back from lower levels as it was a strong bounce back zone.

🔲Nifty has covered the monthly range downside and now is near it's positional support zone. 

🔲This week it's important to cover the gap of 10700-10740.

🔲On trading above 10740 charts will enter into a positive pattern formation and nifty will move towards new high. 

🔲Closing below 10300 it can still lower levels of 10000

🔲Intraday resistance zones are 10520..10600...10680

🔲Support lies @ 10400..10360..10290

NIFTY BANK VIEW

Nifty Bank (25920)

◾Nifty Bank gave a neutral close yesterday and today can show a dip to 25385..25000.. 24600.

◾Trading above 26000 only can bring some uptrend to show 26580.

NIFTY 50 VIEW

Nifty 50 (10576)

◾Nifty yesterday gave a neutral to positive close but did not fill the gap of 10700-10736.

◾Today as sgx is indicating a gap down opening of -245 points nifty can show levels of 10370-10300 again.

◾Below 10300, it can slide to 10276- 10178- 10040.

◾Above 10640, only some upmove can be seen towards 10700- 10740.

NIFTY BANK VIEW

Nifty Bank (25670)

◾Nifty Bank opened near resistance and closed below 25880 closing near support zone of 25500.

◾Today on trading below 25500, it can slide to 25300-25000 (the positional support zone).

◾Above 2600 catch of uptrend can be seen in the index.

NIFTY 50 VIEW

Nifty 50 (10476)

◾Nifty gave a good opening but did not maintain on higher levels and gave a close near support levels of 10400.

◾Today if it trades below 10400, it can shed to 10363-10344-10280.

◾On trading above 10560-10620, it can resume uptrend and show 10680-10740-10800.

NIFTY BANK VIEW

NIFTY BANK (25811)

NIFTY BANK SHOWED  A GAP DOWN OPENING BUT BOUNCED FROM ITS STRONG BOUNCE BACK ZONE OF 25360- 25400. CLOSING WITH A POSITIVE PATTERN FORMATION.

IT HAS TO FILL THE GAP OF 26200-26360 TO RESUME UPTREND.

SUPPORT ZONE FOR THE DAY LIES @ 25650.

AND RESISTANCE ZONE LIES @ 25990- 26140.

NIFTY 50 VIEW

Nifty 50 (10498)

NIFTY YESTERDAY GAVE A GAP DOWN OPENING BUT BOUNCED FROM ITS STRONG BOUNCE BACK ZONE OF 10300-10400 AS WE HAD MENTIONED EARLIER TOO.

FOR TODAY NIFTY CAN CROSS THE 10700-10800 ZONE.

AND RESUME AGAIN TOWARDS UPTREND AND SHOW NEW HIGH IN COMING DAYS.

SUPPORT ZONE FOR THE DAY LIES @ 10450-10420.

RESISTANCE ZONE LIES@ 10560...10608..10636..

NIFTY BANK VIEW

Nifty Bank (26098)

Nifty Bank gave a gap down opening and has hold the support and reversal zone.

If it trades below 25880, it can slide further 25360.

If trades above 26215, it can fill the gap of 26215-26364 and show 26600-26700.

NIFTY 50 VIEW

Nifty (10666)

Nifty gave a gap down opening today but has given a close with a positive pattern formation above the support level of 10552.

If nifty gives a gap up opening reversal will be active, if nifty trades also above 10700 and fills the gap of 10736-10700, it can rise to 10764-10800.

On trading below 10550, it can again enter into new selling zone and show 10536-10420.

NIFTY BANK VIEW

Nifty Bank (26451)

• Nifty Bank after trading near its new high last week had shown a sharp fall of 1000 points post budget.

• It is moving towards 25900-25800 in coming week.

• To show a pull-back rally it can rise only above 26800 and show 27100-27200.

NIFTY 50 VIEW

Nifty 50 (10760)

• Nifty has entered into falling zone with a selling pattern active and now nifty is heading towards 10678-10600-10545-10400.

• If nifty trades above 10800-10900 than only some pull back can be seen towards 11000-11100.

NIFTY BANK VIEW

Nifty Bank (27220)

Nifty Bank has made a selling pattern formation it will be active on breaking 27000 and show 26970-26760.

If maintains above  27300, it can show pullback towards 27600.

NIFTY 50 VIEW

Nifty 50 (11117)

Nifty yesterday broke the support zone and gave again neutral close. The closing has form a neutral signal and now market can witness a steep rise or fall.

Above 11120-11130, it can show  11170- 11240.

If breaks 11000, it can show 10890-10780.

NIFTY BANK VIEW

Nifty Bank (27379)

Nifty Bank yesterday has reversed with a strong move and has given close above 27300.
Today on trading above 27460 it can show 27550-27600.

Support zone lies 27300-27150.

NIFTY BANK VIEW

Nifty (11027)

Nifty had shed to its support zone of 10980 as mentioned earlier reversed and gave a neutral closing above 11000.

Today on trading above 11060-11070, it can show 11110- 11180-11240.

If trades below 11000-11010, it can shed to 10980-10940.