NIFTY (SPOT) @ 10805
Nifty this week given close around 10805 with green note, this week it performed high
volatile session, after 5 states election result it given good bounce back from lower levels
and end of day given close with bullish candle, buy on decline strategy downside it has
good support around 10480-10500 on closing basis and upside it will be test 10980-
11150+ levels, best buying levels around 10650-10660, overall trend is bullish and don’t go
for aggressive short sell use any downside fall for buying only and keep close watch on
given levels.
BANK @ 26826
Nifty Bank this week given close around 26826 with green note, this week it performed high
volatile session, after 5 states election result it given good bounce back from lower levels
and end of day given close with bullish candle, buy on decline strategy downside it has
good support around 25950-26000 on closing basis and upside it will be test 27300-27800
levels, best buying levels around 26450-26480, overall trend is bullish and don’t go for
aggressive short sell use any downside fall for buying only and keep close watch on given
levels.
TREND DECIDER THIS WEEK 26458
JUSTIFICATION
ICICI BANK FUT Taking support of trend line in weekly chart there is major support level
is 341 and Also trend line showing buying side in weekly chart. We have recommend Buy
on dip with target of 359 to 365 levels. And there is strong support level 218.85.
JUSTIFICATION
COALINDIA FUT trading at weekly support level 225 and closing above major resistance level
240 and sustain it .We have recommended COAL INDIA FUT buy on dip with target 254 to
261 and strong Weekly support level is 234 .
JUSTIFICATION
This week LTI given close around 1810 with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 1688-1690 and keep stop loss of 1560 below on closing basis upside it will be test 1940-2070+ watch out.
JUSTIFICATION
This week INDIAN BANK given close around 240+ with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 232-233 and keep stop loss of 221 below on closing basis upside it will be test 250-262+ watch out.
