NIFTY (SPOT) @ 10472
Nifty this week given close around 10472 with green note, this week we saw high volatility
due to global market uncertainty and some good and bad news related to global market
condition, but finally end of this week it given close with green note and it has good support
around 10150-10200 on closing basis if it hold this levels then more upside move we will
see in upcoming sessions, upside it has first resistance around 10595 and second will be
10720 and weekly trend decider level is 10360-10370 on closing basis keep close watch on
these given levels.
BANK @ 25395
Nifty Bank this week given close around 25395 with bullish note, this week we saw it
traded both side but end of this week given close around higher levels due to short covering
move, downside it has good support around 24500 on closing basis and upside it has first
resistance around 25830 and second will be 26250+ and weekly buying levels is 25380-
25400, work with strict stop loss and keep close watch on global market also.
JUSTIFICATION
TATA POWER had been framed a Bullish green big candle in weekly chart also share close above major resistance level 67.20 we have recommended TATA POWER future buy on dip with target 74 to 79 and strong support level is 65 .
JUSTIFICATION
MARUTI FUTURE trading above 7250 weekly multiple resistance level 7200, and made a bullish hammer candle we have recommend buy on dip strategy with target 7450 and 7750 level. And there is strong support level 6970.
JUSTIFICATION
ADANIPOWER in this week given good upside rally this week it given close around 32.55 near to highest levels, buy on decline strategy don’t go for short sell use any decline for buying only, best buying levels around 28.5-29 + keep stop loss of 25 below on close upside it will be test around 35- 38+ levels watch out.
JUSTIFICATION
ITC in weekly chart showing first signal for upside move, this week it taken good support around weekly lower levels and given reversal and close around 200 DMA levels if it sustaining above this levels then upside good move possible here buy on decline around 270-272 keep small stop loss of 265 below on close upside it will be test around 290+ watch out.
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