mrunalipatel2406

mrunalipatel2406

Bank Nifty almost near to its all time high simultaneously Nifty is supporting the same. Both work in tandem however. Took reversal from weekly Reversal yesterday, supported by price action today. Probability of mentioned level is higher in upcoming week.

mrunalipatel2406

ITC has just posted +ve results which can elevate it to upper side for the target of 219 and for the target 2 of 227 in the short term. Chart is supporting it for the same. Better to invest as an equity. Do ask your financial advisor before investing. Never forget to nail stoploss. Happy investing.

mrunalipatel2406

Nifty has just took the turn for the green rally, however it can take a minor pull back before making new high Buying levels mentioned in the chart. Don't forget to place stoploss along with your order. Happy trading

mrunalipatel2406

Reliance neatly close above 20 EMA today, forming Bullish hanging man. We can expect 2150 for target 1 and 2250 for target 2 till August ending. Option lovers can bet on August contract. Stoploss is at 2060.

mrunalipatel2406

Bank Nifty trade for upcoming week, Below weekly CPR it seems little down movement till 200EMA for 1st target(Red), and monthly CPR for 2nd target (teal Blue). If it breaks PD resistance then it can head towards 36500 for 1st target (green) and monthly resistance( light purple) for second target subsequently

mrunalipatel2406

Bank Nifty analysis

mrunalipatel2406

Previous week high and weekly resistance 1 will act as major BO level for Bank Nifty. Either it will break out or retrace till Weekly CPR.