NIFTY BANK VIEW

Nifty Bank (26409)

▪Nifty Bank as mentioned earlier is trapped in a broader range of 26000-26800.

▪Now it is trading near its support zone of 26300-26200.

▪If breaks the support zone it can slide to 25800.

▪On breaking above 26800, it can show 27000.

NIFTY 50 VIEW

Nifty 50 (10799)

▪Nifty is trading in a range of 10740-10840 from last three days. Today it can trade both ways if faces resistance at 10840 a kind of three tops and breaks 10740 it can slide to 10640.

▪On trading above 10840, it can show 10880-10940.

NIFTY BANK VIEW

Nifty Bank (26417)

▪Nifty Bank has very indecisive trend formations in charts, It is trapped in a broader range of 26800-26200, Break through either side will decide the further trend in the index. 

▪Above 26800 it can show 27000.

▪Below 26200, it can slip down to 25900.

NIFTY 50 VIEW

Nifty 50 (10817)

▪Nifty has been consolidating from last three week but forming higher high and higher bottoms every week.

▪Closing in daily charts are indicating that it can catch up-move very soon on trading above 10840, it can show 10888-10950 levels. 

▪If breaks the support zone of the week i.e 10740, it can shed to 10690-10540.

NIFTY BANK VIEW

Nifty Bank (26562)

▪Nifty bank is trapped in the range of 26200-26800 positionally. 
Break through either side will decide the further trend in the index.

▪For Intraday 
Below 26500, it can show 26440-26300.

▪Trading above 26580, it can show 26620-26760.

NIFTY 50 VIEW

Nifty 50 (10808)

▪Nifty yesterday gave a gap down opening and maintained the gap rest of the day.

▪Today if trades above 10840, it can show 10870-10920.

▪If trades below 10770, it can show steep fall towards 10740.

NIFTY BANK VIEW

Nifty bank (26642)

▪Nifty bank charts are still showing trapped signals.

▪Above 26780, it can show 26840.

▪Below 26500, selling pressure can take over it and show 26300.

NIFTY 50 VIEW

Nifty 50 (10856)

▪Nifty showed some cool down signals today after a rally of 5 days.

▪On trading below 10840, it can slide to 10750.

▪Above 10900, it can show 10965.

▪Today, it may open a little lower on account of FED Interest Rate Announcement to hike by quarter point.

NIFTY BANK VIEW

NIFTY BANK [26451]

▪ALIKE, NIFTY 50, NIFTY BANK TOO SURGED IN THE SECOND HALF OF THE SESSION ON FRIDAY.

▪ABOVE 26460, IT CAN SHOW 26520-26600-26680 LEVELS.

▪26280, IS ACTING AS A SHORT TERM SUPPORT ZONE FOR THE INDEX BELOW WHICH, IT CAN SLIDE TO 26200-25980 ZONE.

NIFTY 50 VIEW

NIFTY 50 [10767]

▪AFTER CONSOLIDATING IN THE FIRST HALF OF TRADING SESSION, NIFTY SURGED 70 POINTS IN THE SECOND HALF, ON FRIDAY. NIFTY IS MAKING NEWS HIGHS ON CLOSING BASIS, SINCE LAST THREE WEEKS.

▪TODAY, IT CAN SHOW 10820-10850-10870, ON TRADING ABOVE 10770.

▪NOW, 10750 IS ACTING AS A SHORT TERM SUPPORT ZONE FOR THE INDEX, BELOW WHICH IT CAN SLIDE DOWN TO 10710 AREA.

NIFTY BANK VIEW

NIFTY BANK [26517]

ALIKE, NIFTY THERE WAS A GAP-UP OPENING IN NIFTY BANK ON WEEKLY EXPIRY DAY.

BELOW 26480, IT CAN SLIDE TOWARDS 26320-26230 LEVELS.

26760 IS ACTING AS A RESISTANCE ZONE FOR THE INDEX

NIFTY 50 VIEW

NIFTY 50 [10768]

▪YESTERDAY, NIFTY GAVE A GAP-UP OPENING, SURGED ALMOST 95 POINTS THEREAFTER & SHOWED MUCH AWAITED LEVEL OF 10800, MADE A HIGH OF 10818, MAINTAINED THE GAP ON CLOSING BASIS.

▪TODAY, ON MAINTAINING ABOVE 10770, IT CAN SHOW 10790-10810-10830 LEVELS.

▪IF MAINTAINS BELOW 10720, IT CAN SLIDE DOWN TO FILL THE GAP CREATED YESTERDAY, TOWARDS 10690-10670 ZONE.

NIFTY BANK VIEW

▪NIFTY BANK HAD A SIDEWAYS SESSION ON FRIDAY, ITS FACING STIFF RESISTANCE AROUND 26860.

▪IT CAN SLIDE TO 26300-26100-26000 IN THIS WEEK.

▪HOPE OF REVERSAL RISES ONLY ABOVE 26870 FOR 27200-27400 ZONE.

NIFTY 50 VIEW

▪NIFTY KICK START ITS JUNE SERIES WITH A NEGATIVE BIAS & SHED ALMOST 80 POINTS FROM DAY'S HIGH ON FRIDAY.

▪ITS FACING STIFF RESISTANCE AROUND 10740-10730.

▪IF SUSTAINS BELOW 10690, THE INDEX CAN SLIDE FURTHER TO 10660-10630-10590 ZONE.

▪HOPE OF REVERSAL RISES ONLY ABOVE 10740 FOR 10790-10820.

NIFTY BANK VIEW

Nifty Bank (26956)

▪Nifty Bank yesterday gave a breakout above 26900 and now is heading towards 27500 in coming days.

▪To show 27500, it has to close above 27000.

▪26400-26200 is the support zone for the day.

NIFTY 50 VIEW

Nifty 50 (10736)

▪Nifty yesterday bounced from its support zone and gave a breakout above 10700.

▪Now it's heading towards 10960 as mentioned in earlier reports.

▪Today 10640-10620 will act as support zone.

NIFTY BANK VIEW

Nifty Bank (26327)

▪Nifty Bank yesterday gave a gap down opening but recovered in the latter part of the day.

▪Today if trades below 26000, selling pressure can be seen.

▪ABOVE 26400, it can show 26660 -26690.

NIFTY 50 VIEW

Nifty 50 (10614)

▪Nifty has made a neutral signal on bounce back zone of 10530-10560.

▪Today on trading above 10650, it can show sharp move towards 10718.

▪All dips can be used as buying opportunities until it breaks 10530.

▪Below 10530 it can slide to 10500-10450.

▪Being an expiry day trading session can be volatile.

NIFTY BANK VIEW

Nifty Bank (26254)

▪Nifty Bank can shed to 26000 if breaks 26200 zone.
It has multiple support around 26155-26053.

▪On trading above 26450, uptrend can resume, it can show 26680. 

▪Being expiry week trading session can be volatile.

NIFTY 50 VIEW

Nifty 50 (10633)

▪Nifty yesterday again shed down to its support levels of 10600 after a rally of three days and filled the gap (10640- 10628) of 28th may.

▪Today if it trades below 10600, it can shed to its positional support levels of 10560-10530 zone which is a bounce back zone.

▪On trading above 10660, uptrend can resume and it can show 10695-10756.

NIFTY BANK VIEW 

Nifty Bank (26614)

▪Nifty Bank has completed the pattern of three soldiers pattern and now is heading towards 26790- 26960.

▪If trades below 26500, it can cool down to 26360-26140.

NIFTY 50 VIEW

Nifty 50 (10688)

▪Nifty gave a gap up opening yesterday and maintained full day with positive bias.

▪Many stocks too showed reversal active and positive momentum.

▪For 29 May,  it can show 10718-10748- 10760 on maintaining above 10670.

▪If trades below 10670, it can fill the gap (10628-10640) of 28 may and cool down to 10560.

NIFTY BANK VIEW

Nifty Bank (26273)

Nifty Bank has reversed from its lows of 25600 with a pattern formation of three white soldiers in short term charts.

▪Today it can show rally of 300 points.

▪It can show 26900 in this week.

▪Support zone lies at 26100-26000 for intraday and for the week.

▪Trading below 26000, it can show 25900 -25600.

NIFTY 50 VIEW

Nifty 50 (10605)

▪Nifty has reversed from its selling pattern of previous days and closed above its resistance  zone of 10530-10560.

▪Now this zone will act as bounce back support and it can show rally towards 10900 in this week.

▪If crosses 11000 it can show new high in coming weeks

▪Trading below 10540 can shed it to 10480.

▪Maintaining above 10600, it can show 10650-10680-10760.

NIFTY BANK VIEW

Nifty Bank (26016)

▪Nifty Bank has given reversed signals active with a breakout of downtrend channel breakout and closing above two doji hammer.

▪Upcoming day on trading above 26180, it can show 26330-26500. 

▪On trading below 25600, only selling can take it to 25460.

NIFTY VIEW

Nifty 50 (10513)

▪Nifty had hold its support of 10400 and reversed to the resistance levels of 10530.

▪For the upcoming day when it trades above 10560, reversal will be active and it can show 10604-10700. 

▪Trading below 10400, can again take the index into selling pressure and it can show 10344-10260.

NIFTY BANK VIEW

Nifty Bank (25684)

▪Nifty Bank did not hold 25600 levels yesterday and is still in selling mode to show 25450 soon.

▪Above 25950, uptrend can resume towards 26100.

NIFTY 50 VIEW

Nifty 50 (10430)

▪Nifty did not hold above its bounce back  of 10540 and shed to 10417.

▪Nifty is still in selling zone and is heading towards 10380 -10330.

▪Trading above 10530-10560 can bring pull back in the market towards 10580.

NIFTY BANK VIEW

Nifty Bank (25777)

▪Nifty Bank has given a neutral close and hold the selling pressure of last few trading days,
But  today if breaks 25680, it can slide to 25450-25320.

▪Only on trading above 25960, it can show uptrend resuming and show 26050-26120.

NIFTY 50 VIEW

Nifty 50 (10536)

▪Nifty has hold its selling rally of last 7 trading days with a doji pattern formation in daily charts.

▪Today on trading above 10560, it can reverse from its bounce back zone of 10530 and show 10590-10660.

▪But if maintains below 10490, it can enter into new selling zone and show 10460 -10390.

NIFTY BANK VIEW

Nifty Bank (25750)

▪Nifty Bank has still the selling pattern active and it is heading towards 25618-25570-25538.

▪Trade above 25800, can take it to 25950 -26000.

NIFTY 50 VIEW

Nifty 50 (10516)

▪Nifty has completed its selling pattern of 'three black crows' and closed near its bounce back zone of 10530-10550.

▪Tomorrow a pull back can be seen.
If it faces resistance at 10560, it can again slide to 10520-10480.

▪On trading above 10560, it can show 10590-10620.

NIFTY BANK VIEW

Nifty Bank (25875)

▪Nifty Bank is in selling formation and can slide to 25400- 25000 this week on breaking 25800.

▪If holds the zone of 25800 a pull back can be seen towards 26200 -26600.

▪Intraday levels:

Support 25800

Resistance 26108

NIFTY 50 VIEW

Nifty 50 (10596)

▪Nifty has formed selling patterns last week and showing signals of sliding to support levels of 10480-10360 in this coming week.

▪Important bounce back or pull back zones can be 10530- 10450

▪Closing above 10750, is important to show uptrend pull back.

▪Resistance levels lies at 10820-11000.

Intraday resistance are 10650- 10700- 10790.

Support levels are 10565-10534.

NIFTY BANK VIEW

Nifty Bank (26073)

▪Nifty Bank is showing selling patterns and is heading towards 25940 -25840.

▪Trading above 26140, it can show 26230-26380, if uptrend resumes

NIFTY 50 VIEW

Nifty 50 (10682)

▪Nifty has made selling pattern formation and now is heading towards 10638- 10600 -10550.

▪Trading above 10700, it can show a pull back towards  10750-10820.

NIFTY BANK VIEW

Nifty Bank (26182)

▪Nifty bank yesterday gave a gap down opening but covered the gap with a doji formation.

▪If nifty bank trades below 26100, it can slide to 25900-25600.

▪On trading above 26500, uptrend can resume it can rise to 26800.

NIFTY 50 VIEW

Nifty 50 (10741)

▪Nifty opened yesterday with a gap down opening near its bounce back zone of 10700 and had hold it for the whole day and gave a close with a neutral doji.

▪Today on trading above 10760, it can show 10787-10834 and uptrend can resume.

▪Below 10740, it can slide to 10700-10690.

NIFTY BANK VIEW

Nifty Bank (26474)

▪Nifty Bank too showed today our target of 1000 points recommend a week ago with good momentum in the morning but has closed with selling pattern formation of inverted hammer.

▪On trading below 26400, it can shed to 26000-26100.

▪On maintaining above 26550, it can show 26800-26900.

NIFTY 50 VIEW

Nifty 50 (10801)

▪Nifty yesterday showed very good momentum in the first hours of the day but failed to hold higher levels on closing basis infact gave a closing with an inverted hammer pattern formation.

▪Today if trades below 10800, it can slide to 10745-10690.

▪On trading above 10840, uptrend can again catch momentum and it can show 10890- 10920- 10980.

NIFTY BANK VIEW

Nifty Bank (26413)

Nifty Bank is heading towards 26620 -26920.

▪As mentioned last week it can show 1000 points move it has already  covered 600-700 points rest it can cover this week.

▪Support levels lies at 26200-26000.

▪Below 26000, it can shed to 25900-25400.

NIFTY 50 VIEW

Nifty 50 (10806)

▪Nifty has given a breakout above 10790 and closed above it and now is heading towards 10850- 10870 -10920-10960 levels this week.

▪On trading below 10800, it can shed to 10750-10690 levels the support levels for the week.

▪Intraday it can show 10836-10868 support lies at 10780 -10740.

NIFTY BANK VIEW

Nifty Bank (25852)

▪Nifty Bank yesterday broke it's stiff resistance range of previous week and now is heading towards 26040-26112.

▪All dips can be used as buying opportunities, support lies at 25400.

NIFTY 50 VIEW

Nifty 50 (10715)

▪Nifty has reversed yesterday to uptrend and now is heading towards 10781- 10840. It gave a close with reversed bullish candle formation.

▪Support lies at 10670.

▪All dips are buying opportunities.

NIFTY BANK VIEW

Nifty Bank (25645)

▪Nifty Bank is trapped in a zone 25450- 25720 break through either side will decide the further trend in the index.

▪Resistance levels for the week are 25750 - 25840

▪Support & bounce back zone for the week 25340.

▪Intraday levels 25560-25470.
▪Resistance 25740-25763

NIFTY 50 VIEW

Nifty 50 (10614)

▪Nifty on Friday traded in selling trend and closed near its bounce back zone  of 10600-10650.

▪After a rally of 5 weeks nifty has closed with an inverted kind of candle pattern in weekly charts and it can shed to support levels of 10500-10480 in this week, if trades below 10600.

▪Levels for today 
Support @ 10580- 10560.
Resistance 10640- 10680.

NIFTY BANK VIEW

Nifty bank (25605)

▪Nifty bank is trading in the zone of 25460-25720.

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

▪Above 25610  it can show 25650- 25720- 25760.

▪Below 25540 it can slide to 25500-25390.

NIFTY 50 VIEW

Nifty 50 (10679)

▪Nifty yesterday shed down to its support zone of 10640 and resumed back to its short term resistance zone of 10680-10700.

▪Today on trading above 10680 it can show 10718-10755.

▪Below 10640 it can slide to 10610-10580.

NIFTY BANK VIEW

▪Nifty Bank (25568)

Nifty Bank yesterday made a high of 25716 near its stiff resistance zone of 25720-25740 with a closing of neutral candle.

▪Today if it trades above 25620 it can show 25720-25840.

▪On trading below 25500, it can shed to 25470-25380 and  its bounce back zone of 25350.

NIFTY 50 VIEW

Nifty 50 (10718)

▪Nifty yesterday opened near its resistance level of 10780 and shed down to 10690 levels with a formation of bearish engulfing candle.

▪Today on trading below 10680, it can further shed to 10640.

▪Trading above 10770, only uptrend can resume in the index.

NIFTY BANK VIEW

Nifty Bank (25530)

▪Nifty Bank gave a gap up opening on Monday and rose to 25617, but gave a close with an inverted hammer.

▪Today on trading below 25460, it can slide to its strong bounce back zone of 25350 which can be used as buying opportunity.

▪If trades above 25530, it can show 25620-25690-25730.

▪Trading below 25340 can show selling pressure in the index

NIFTY 50 VIEW

Nifty 50 (10739)

▪Nifty on monday showed a good momentum rally and covered the gap of 10700-10740.

▪Today on trading above 10760, it can show 10790-10840.

▪On trading below 10720, it can slide to support levels of 10700- 10670.

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.

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.