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BankNifty Spot Weekly Outlook For Week May30th–Jun 03Falcon Analytics Outlook Bank Nifty for the week ( May 30 – Jun 03 ) Technically on the daily charts we see minor support on the downside for BankNifty index lies at 34164 levels, whereas minor resistance on the upside is capped around 36263 levels. If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 33561/32958 and and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards major resistance at higher levels around 36719/37322. Currently BankNifty index is just trading below 200 day EMA @ 35885 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 34164 on downside and 36719 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 37322 RESISTANCE 3: 36719 RESISTANCE 2: 36116 RESISTANCE 1: 35743 WEEKLY PIVOT LEVELS: 35140 SUPPORT 1: 34537 SUPPORT 2: 34164 SUPPORT 3: 33561 SUPPORT 4: 32958 All above views for education purpose only . Regards, MD .
NSE:BANKNIFTYLong
by miraldesai
2
Nifty Spot Weekly Outlook 30th May to 03th JuneFalcon Analytics Outlook Nifty 50 for the Expiry week ( May 30 – June 03 ) As Discussed in Last Weekly Analysis Nifty witness selling pressure @ major resistance @ 16387 on Monday, while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15907 levels, whereas major resistance on the upside is capped around 16418 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15712/15516 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16538/16734. Currently Nifty50 index is trading Below Red Line 200 day EMA @ 16754 suggests long term trend is Bearish. Range for the week is seen from 15907 on downside and 16734 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16929 RESISTANCE 3: 16734 RESISTANCE 2: 16538 RESISTANCE 1: 16418 WEEKLY PIVOT LEVELS: 16223 SUPPORT 1: 16027 SUPPORT 2: 15907 SUPPORT 3: 15712 SUPPORT 4: 15516 A ll above views for education purpose only. Regards, MD. [
NSE:NIFTY
by miraldesai
Nifty Spot Weekly Outlook 16th May to 20th May Falcon Analytics Outlook Nifty 50 for the week ( May 16 – May20 ) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 15560 levels, whereas major resistance on the upside is capped around 16387 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15304/15049 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16642/16898 . Currently Nifty50 index is trading Below 200 day EMA @ 16819 suggests long term trend is Bearish . Falcon Analytics predicts range for the week is seen from 15049 on downside and 16642 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 16898 RESISTANCE 3: 16642 RESISTANCE 2: 16387 RESISTANCE 1: 16229 WEEKLY PIVOT LEVELS: 15973 SUPPORT 1: 15718 SUPPORT 2: 15560 SUPPORT 3: 15304 SUPPORT 4: 15049 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
2