NIFTY BANK VIEW

Nifty Bank (27842)

▪Nifty Bank yesterday made a new all time high of 27873, but gave a close with Hammer doji.

▪Today on trading above 27880, it can show 27940-28000.

▪Below 27760, it can slide to 27700-27600.

NIFTY 50 VIEW

Nifty 50 (11319)

▪Nifty is heading towards its positional resistance zone of 11344-11404.

▪Rally of previous week can hold here.

▪11300-11260 is support zone of today.

▪If maintains above 10410, nifty enters into a new rally zone. 

NIFTY BANK VIEW

Nifty Bank (27634)

• Nifty bank also like nifty showed a new high of 27661 with a big marubozu but closed below its previous high of 27652.

• Now on trading above 27680, it can show 27788-27970-28300 in this coming week

• 27600-27700 can act as support for the week.

• If slides below 27600, it can cool down to 27300.

NIFTY 50 VIEW

Nifty 50 (11278)

• Nifty showed a robustic  move last week with a gap up opening on Friday and new high of 11283.40.

• Nifty is now ready for a new rally, If maintains above 11180. 

• It can face resistance at 11344-11404 the positional resistance levels to just hold the rally of last week but positionally all dips can be used as buying opportunities for positional traders with the support of 10920-10900 zone. 

• Short term support zone is 11110-11160.

Nifty bank (27031)

▪Nifty bank traded in the range of previous day (27130..26860)and formed an Hammer doji above its bounch back zone of  26920

▪Today being an expiry day trading session can be volatile

▪Trading above 27080 it can show 27130..27150...27200 

▪Trading below 27030 it can slip to 26920..26860

▪Momentum is strong new high can be seen

Nifty 50(11132)

▪Nifty  today gave a gap up opening but did not hold on higher levels though it completed the weekly trading range .

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

▪Nifty on trading above 11160 can show new high of 11220

▪Support levels are around 11100..11110

Nifty bank (26974)

▪Nifty bank yesterday showed momentum in the first hour of the day but closed near support levels 

▪Today if breaks 26860 it can shed further to 26680 .

▪Above  27130  it can show 27280..27420





Nifty 50( 11134)

Nifty yesterday showed gud move and is heading towards its all the high of 11171 

▪Today it can cool down to its support levels of 11030  and bounch back 

▪All dips are buying opportunities .
▪As we are heading towards expiry trading session can be volatile.

▪Nifty can show new high in this expiry too.

▪Resistance for the day 11171..11220

▪Supports are 11100..11030

NIFTY BANK VIEW

Nifty Bank (26873)

• Nifty bank too, like nifty has traded in a range of last week (26600-27200).

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

• Above 27200, it can touch its all time high of 27650-27700 zone.

• If trades below 26600, it can show 26400-26350.

Nifty 50(11084)

▪Nifty yesterday gave a breakout above 11080 and made a high of 11093 with a three soldiers pattern formation active.

▪Today on trading above 11093 it can show a rally towards 11134...11171(the all time high)

▪Support zone lies at 11060...11040


▪If trades below this it can slide to 10980

NIFTY BANK VIEW

Nifty Bank (26873)

• Nifty bank too, like nifty has traded in a range of last week (26600-27200).

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

• Above 27200, it can touch its all time high of 27650-27700 zone.

• If trades below 26600, it can show 26400-26350.

NIFTY 50 VIEW

Nifty 50 (11010)

• Nifty traded in a range once again for the week holding the support of 10920 and facing resistance at 11100 zone.

• It has formed a neutral doji candle formation in positional charts which can be broken either ways. 

• Above 11080, it can show 11140-11160. 

• Below 10920, it can slide to 10850-10820.

• Being an expiry week trading sessions can be volatile.

NIFTY BANK VIEW

Nifty bank (26789)

▪Nifty bank has formed a double top formation in daily charts but has hold the zone of 26700- 26600.

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

▪Today it can form the third black crow formation and the selling pattern can  be over around 26600 zone.

▪Below 26600, it can slide to 26480.

▪Above 27030,   27180 can be seen for the day.

NIFTY 50 VIEW

Nifty 50 (10957)

▪Nifty has formed a three top formation in daily charts with a selling pattern formation but has hold the zone of 10920 with a three bottom formation too.

▪Nifty has been following a style of being in a narrow range of 100 points and break through the range in 5-8 trading sessions.

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

▪Above 11010, it can show  11080- 11108.

▪Below 10920, it can slide to 10895-10824 for the day.

NIFTY BANK VIEW

Nifty Bank (26880)

▪Nifty bank faced resistance near its all time high it showed yesterday and slide down to support levels of 26800. 

▪Today if breaks 26800, it can shed to 26600.

▪Trading above 26930, it can show 27100- 27200.

NIFTY 50 VIEW

Nifty 50 (10980)

▪Nifty shed down  the rally of Tuesday and made a kind of triple top formation with a selling pattern.
It had hold 10920, support zone for the day.

▪Today if it breaks 10920 the selling pattern will be active and selling pressure can be seen and it can show 10880-10850.

▪Trading above 11000, can show 11060-11100.

NIFTY BANK VIEW

Nifty bank (27008)

▪Nifty bank showed rally after it touched its bounce back zone of 26650 and gave a closing above 27000.

▪Today if maintains above 27000, it can show 27190-27300.

▪Trading below 26700, it can show 26600-26500 levels.

NIFTY 50 VIEW

Nifty 50 (11008)

▪Nifty yesterday made a positive formation and covered the selling of monday with a closing above 11000.

▪Today if it maintains above 11000, it can show 11100 and new high.

▪Trading below 10920, can again bring selling pressure in the index.

NIFTY BANK VIEW

Nifty Bank (26679)

▪Nifty bank did not hold the zone of 27000 and shed to the support levels with a bearish engulfing candle formation.

▪Today if breaks 26600, it can shed to 26500.

▪Trading above 26800, a pull back can be seen in the index towards 27000.

NIFTY 50 VIEW

Nifty 50(10936)

▪Nifty yesterday failed to hold the zone of 11000 and shed to 10920-10930 support levels.

▪Today if resumes on holding 10920 it can show 11000- 11053 once again.

▪If breaks 10920, it can further slide to 10840 the positional support levels.

▪Yesterday's bearish engulfing candle indicates some selling pressure can be seen today.

NIFTY BANK VIEW

NIFTY BANK [26935]

▪NIFTY BANK SHOWED MUCH AWAITED LEVEL OF 27000 LAST WEEK, IT MADE A HIGH OF 27164.

▪27164 IS A POSITIONAL RESISTANCE LEVEL FOR THE INDEX, WHERE IT HAS MADE MULTIPLE TOPS.

▪THIS WEEK, IT HAS TO TRADE & MAINTAIN ABOVE 27170-27190 AREA FOR FURTHER UP-MOVE TOWARDS  27370-27470 ZONE.

▪BELOW 26880, IT CAN SLIDE TOWARDS 26780-26640 LEVELS.

NIFTY 50 VIEW

NIFTY 50 [11018]

▪NIFTY SHOWED MUCH AWAITED 11000 MARK LAST WEEK BY MAKING A HIGH OF 11078.

▪POSITIONAL CHARTS ARE INDICATING A FURTHER RALLY TOWARDS FRESH HIGHS, IN THE UPCOMING WEEK.

▪NOW, 11060 IS ACTING AS A SHORT TERM RESISTANCE AREA FOR THE INDEX, IF MANAGES TO SUSTAINS ABOVE THIS, THE INDEX CAN SHOW 11100- 11130- 11150 LEVELS.

▪SHORT TERM SUPPORT ZONE LIES AROUND 11000, BELOW WHICH THE INDEX CAN SLIDE TO 10980-10960 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [27026]

▪ALIKE NIFTY 50, NIFTY-BANK TOO SHOWED A MUCH AWAITED LEVEL OF 27000, MADE A HIGH OF 27164.

▪BUT PROFIT BOOKING DRAG IT BY ALMOST 200 POINTS IN THE SECOND HALF OF TRADING SESSION.

▪TODAY, IF MAINTAINS BELOW 27000, IT CAN SLIDE DOWN TO 26940-26900.

▪UPTREND RESUMES ABOVE 27165 FOR 26270-26370-26470.

NIFTY 50 VIEW

NIFTY 50 [11023]

▪AFTER A GAP-UP OPENING YESTERDAY, NIFTY SHOWED MUCH AWAITED 11000 MARK, MADE A HIGH OF 11078.

▪BUT FAILED TO SUSTAIN AT HIGHER LEVELS & SHED MORE THAN 60 POINTS FROM DAY'S HIGH.

▪TODAY, IF MAINTAINS BELOW 11000, IT CAN SLIDE TO 10980-10960 & FILL THE GAP CREATED.

▪NIFTY HAS TO MAINTAIN ABOVE 11115, TO SHOW 11150-11170 & RECORD HIGH OF 11190.

NIFTY BANK VIEW

NIFTY BANK [26816]

✅NIFTY BANK IS CONSOLIDATING IN A VERY NARROW RANGE SINCE LAST TWO TRADING SESSIONS.

✅SHORT TERM SUPPORT LIES AROUND 26740, BELOW WHICH THE INDEX CAN SLIDE DOWN TO 26700-26680.

✅REVERSAL CAN TAKE PLACE ON MAINTAINING ABOVE 26850-26860 TOWARDS 26940-27000-27050.

NIFTY 50 VIEW

NIFTY 50 [10948]

✅YESTERDAY, NIFTY CONSOLIDATED IN A NARROW RANGE OF 40 POINTS, HOLDING THE SHORT TERM SUPPORT ZONE OF 10920-10900.

✅POSITIONAL CHARTS INDICATES, IF NIFTY SUSTAINS ABOVE 10950, IT CAN SHOW 11000-11050 LEVELS SOON.

✅ALL DIPS TOWARDS 10920-10900 CAN BE USED AS BUYING OPPORTUNITIES.

✅BELOW 10890, SELLING PRESSURE CAN TAKE PLACE TO DRAG THE INDEX TOWARDS 10860-10840 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [26894]

✅UNLIKE NIFTY 50, NIFTY BANK CONSOLIDATED IN A SMALL RANGE OF 85 POINTS THROUGH OUT THE TRADING SESSION.

✅ITS TRADING BELOW MULTIPLE RESISTANCE ZONE OF 26920-26940.

✅NIFTY BANK NEEDS TO SUSTAIN ABOVE 26965 TO SHOW A GOOD MOVE TOWARDS 27050-27160-27200 LEVELS.

✅26800, IS ACTING AS A GOOD SUPPORT FOR THE INDEX.

NIFTY 50 VIEW

NIFTY 50 [10947]

✅YESTERDAY, NIFTY SHOWED A GAP-UP OPENING & SURGED ALMOST 80 POINTS, CLOSED AT FIVE MONTH'S HIGH LEVEL.

✅NOW 10890 IS ACTING AS A GOOD SUPPORT FOR NIFTY.

✅TODAY IT CAN SHOW 10970-10990-11010 LEVELS.

NIFTY BANK VIEW

NIFTY BANK [26753]

✅ALIKE NIFTY 50, NIFTY BANK TOO SHOWED GOOD MOMENTUM & CLOSED NEAR THE HIGH POINT OF THE DAY.

✅NOW 26630 IS ACTING AS A GOOD SUPPORT FOR THE INDEX.

✅TODAY, ON TRADING ABOVE 26770, IT CAN SHOW 26820-26880-26915

NIFTY 50 VIEW

NIFTY 50 [10852]

✅NIFTY YESTERDAY SHOWED GOOD MOMENTUM THROUGH-OUT THE SESSION & MANAGED TO SUSTAIN ABOVE 10840 MARK ON CLOSING BASIS.

✅NOW 10800 IS ACTING AS A GOOD SUPPORT FOR THE INDEX.

✅TODAY, ON MAINTAINING ABOVE 10860, IT CAN SHOW 10890-10910.

NIFTY BANK VIEW

Nifty Bank (26493)

• Nifty Bank touched its positional support of 26000 last week and bounced with a positive doji hammer closing in weekly charts.

• It can shed to 26200-26300 in intraday trading above 26600, it can show 26900-27000 in this week. 

• Support zone still lies @ 26200-26000.

NIFTY 50 VIEW

Nifty 50 (10772)

• Nifty has given a positive close with a doji hammer in weekly charts last week indicating uptrend can resume in coming week.

• 10840-10850 still remains a caution area as it has been acting as stiff resistance from last month.

• On trading above 10850, it can enter in a rally towards 10930-11000.

• Trading below 10700, it can shed to 10640 (positional support) trading below it can show 10540 for the week.

NIFTY BANK VIEW

Nifty bank (26503)

▪Nifty bank yesterday broke it's trend-line resistance of 26480 and gave a neutral close hammer doji.

▪Today on trading above 26500-26600 zone, it can show sharp move to 26720- 26800.

▪Trading below 26400, it can show 26200. Like nifty here too all dips can be used as buying opportunities with the support of 26000 on closing basis.

NIFTY 50 VIEW

Nifty 50 (10749)

▪Nifty broke yesterday the trend-line resistance of 10780, in the opening but failed to close above it.

▪Today on trading above 10800, it can rise to its positional resistance of 10840 and if manages to cross that it can show 10888-10920.

▪Trading below 10700, can show levels of 10680- 10640.

▪As mentioned yesterday during the day all dips can be used as buying opportunities with the support of 10640 on closing basis.

Nifty bank (26433)

Nifty bank has taken support yesterday from its bounce back zone of 26100 and closed near its resistance of 26500

Today on trading above 26490 it can show 26560..26680

Support zone lies at the same zone of 26100..26000

Nifty 50 (10769)

Nifty yesterday has hold the zone of 10680 and showed good  momentum move with a close of 10769.
Nifty has closed near its trendline resistance area

Today on trading above 10780 it can show 10805..10840.

Below 10740 it can shed to 10700..10670

NIFTY BANK VIEW

Nifty Bank (26204)

✅Nifty Bank yesterday made a neutral doji on the bounce back zone around 26000-26100.

✅ Long build up is also seen in banknifty.

✅Today on Trading above 26320, it can show good move towards 26390- 26440 -26490 and pull nifty along with it.

✅Break down below 26000, the selling pattern formation active and it can slide to 25940-25800.

NIFTY 50 VIEW

Nifty 50 (10699)

✅Nifty is now trapped again in 10600-10750 zone break through either side will decide the trend in the index.

✅10750 stands as the resistance zone and 10600 as the support zone.

✅Break down below 10600 it can slide to  10570-10540 (positional bounce back support)

✅Above 10750 it can show 10800- 10840 (stiff resistance).

NIFTY BANK VIEW

Nifty Bank (26230)

▪Nifty Bank yesterday shed down to its positional support of 26000.

▪Today if it holds it can resume to 26220, 

▪If breaks it can slide to 25900-25600.

NIFTY 50 VIEW

Nifty 50 (10657)

▪Nifty once again did not hold the pull back rally of Friday and shed towards 10600 yesterday.

▪Today if breaks 10590, can show 10530.

▪Trading above 10730, can only show some pull back again towards 10800.

NIFTY BANK VIEW

Nifty Bank (26364)

▪Nifty Bank last month had cooled down from the higher levels and has given a close with a hammer doji.

▪This month it has to maintain above 27000, to catch momentum and show around 27400 a new high.

▪Breakdown below 26000, can bring selling pressure in the index and it can slide to 25420.

▪Weekly resistance levels are 26725- 27080.

▪Support are 26080- 25800.

NIFTY 50 VIEW

Nifty 50 (10714)

▪Nifty was in a range of 10500-10900 for the month of June.

▪It has given again a neutral closing like the month of May.

▪Breakout or breakdown from a range always witnesses a sharp move.

▪It has to maintain above 10850, zone to catch uptrend and show 10888-11040 in the month of July.

▪Weekly resistance can be 10844-10974  and supports are 10570-10427.

▪If nifty breaks the level of 10400 strong selling can take over the index.

NIFTY BANK VIEW

Nifty Bank (26324)

▪Nifty Bank yesterday had shed to  its bounce back zone of 26000-26200, this zone can act as hold or break level for the index.

▪26500 can act as the stiff resistance for the day

NIFTY 50 VIEW

Nifty 50 (10589)

▪Nifty yesterday formed the 'second black crow' candle formation and is in selling mode. It is now heading towards 10528-10516 for the day.

▪Closing below 10500, can take it to 10440.

▪10540, can act as a bounce zone for intraday.

▪10600 - 10654, can act as stiff resistance for the day.

NIFTY BANK VIEW

Nifty Bank (26423)

▪Nifty has broke its support of 26500 and now is heading towards 26290-26180, on breaking 26300. 

▪It can resume back with a pull back from 26520 and show 25590-26700.

▪Due to expiry trading session can be volatile.

NIFTY 50 VIEW

Nifty 50 (10671)

▪Nifty has broke its support zone of 10690 on closing basis and is trading near its positional support of 10650.

▪It has covered the range of trade of a week near 10650 so a bounce can take place today towards 10800 on holding 10650.

▪If breaks 10650 it can slide to 10620- 10570-10540.
Today resistance will be 10710.

▪But if holds 10690, and trades above 10710, it can again show 10750-10800.

▪Volatility can take over the index due to expiry.

NIFTY BANK VIEW

▪IT RECOVER FROM LOWS IN FIRST HOUR OF TRADE AND SHOW A GOOD UP MOVE, BUT SELLING PRESSURE SEEN IN LAST HOURS OF TRADE, MADE A NEGATIVE SIGNAL.

▪TODAY BELOW  26500, SELLING PRESURE CAN AGAIN TAKE OVER AND IT CAN SLIDE DOWN TO 26365 -26250.

▪IF HOLD ABOVE IT CAN SHOW A BOUNCE TOWARDS 26650-26780.

NIFTY 50 VIEW

▪AFTER GAP DOWN OPENING,NIFTY RECOVER SHARPLY FROM LOWS AND SHOWED A RALLY TOWARDS 10800 BUT UNABLE TO HOLD ABOVE 10800 AND SELLING PRESURE SEEN IN LAST HOURS OF TRADE.

▪TODAY BELOW 10750, IT MAY SLIDE DOWN TO 10710- 10675.

▪IF HOLD ABOVE 10750, IT CAN SHOW 10790-10830.

NIFTY BANK VIEW

Nifty Bank (26609)

▪Nifty Bank has like nifty formed an upward channel.

▪The range is 26300 downside and 26800 on upside.

▪Above 26800, it can show 26920.

▪Below 26300, it can show 26000.

NIFTY 50 VIEW

Nifty 50 (10762)

▪Nifty is forming an upward channel formation in daily charts and with high volatility as it is heading towards expiry.

▪Breakout or breakdown from this channel will decide the further trend in the index.

▪10690 is acting as major support from last week, 10840 is acting as major resistance.

▪Above 10840, it can show 10872. 

▪Below 10690, it can slide to 10650.

NIFTY BANK VIEW

Nifty Bank (26766)

▪Nifty Bank has closed near it's resistance zone of 26800 of its stiff range of previous week.

▪Now on trading above its 26810, it can show 26930-27000. 

▪Support zone is at 26300-26200.

NIFTY 50 VIEW

Nifty 50(10821)

▪Nifty had broke it's trend-line support and higher high pattern last week but managed to close above 10800 like previous week.

▪It remained in a range of 10700-  10800.

▪It had hold the support of 10700 for the week.

▪Now it has formed a doji after it bounced from 10700.

▪10700 still will be the support for the week, it can show 10868-10916 for the day and 11000 for the upcoming expiry week.

NIFTY BANK VIEW

Nifty Bank (26557)

▪Nifty Bank showed  good breakout movement yesterday and closed with a marubozu candle formation.

▪This rally can continue for next two to four trading days and it can make a move of next 400 points and show 27000 soon.

▪26480 can act as support for the day.

▪26650-26740 can act as resistance levels for the day.

NIFTY 50 VIEW

Nifty 50 (10772)

▪Nifty has taken support at 10700 and showing reversal kind of signals which will be active on trading above 10780 and show 10820-10840.

▪On trading below 10700, it can shed to 10640.

NIFTY BANK VIEW

Nifty Bank (26265)

▪Nifty Bank has shed to its support zone of 26000-26200.

▪If it continues to fall today, it can slide to 26000 soon.

▪Trading above 26400, can bring some momentum in the index and it can show 26530-26600.

NIFTY 50 VIEW

Nifty 50 (10710)

▪Nifty has shed to its support levels of 10700 and is holding on its trendline support of 10700 - 10680 zone.

▪Now on breaking this it can shed to 10640-10600.

▪Trading above 10740, can bring any pull back in the index.

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.