Nifty Weekly Analysis For 06-05-24 to 10-05-24 22800-23000 is Major Resistance For Nifty. 22280-22300 is the Support for Nifty. 22300-22800 is the Range for Nifty Next Week. If Nifty trades below 22300, more downside possible and Targets are 22180/22080. Long Only above 23000. Verdict: Sideways Market.
Nifty Short term View Nifty Probably opening with gap up near ATH. Even if Nifty breaks previous ATH 22780, no trust on upside. Previous data shows 2 breakout failures from ATH. Plan a reversal From Top after confirmation in lower timeframes. This may happen today or next week.
Nifty Weekly Analysis For 29-04-24 to 03-05-24 22700-22800 is Major Resistance For Nifty. 22280-22320 is the Support for Nifty Next week. 22300-22800 is the Range in which Nifty may move both the sides. Option sellers can sell the above range. Trending move only above or below the range. Verdict: Sideways Market.
Bank Nifty Weekly Analysis For 29-04-24 to 03-05-24 49000-49100 is Major Resistance For Bank Nifty. 47400-47600 is the Support for Bank Nifty Next week. 47500-49000 is the Range for Bank Nifty Next Week. If Bank Nifty Sustains above 49100, upside possible and Targets are 49300/49500 If Bank Nifty trades below 47300, Downside Targets are 47080/46600. Verdict:...
Bank Nifty Weekly Analysis For 22-04-24 to 26-04-24 47900-48100 is Major Resistance For Bank Nifty. 46500-46600 is the Support for Bank Nifty Next week. 46500-48000 is the Range for Bank Nifty Next Week. 48100 is a key Level as we can see both reversal & Continuation. If Bank Nifty Sustains above 48100, more upside possible and Targets are 48500/48900. If Bank...
Nifty Weekly Analysis For 22-04-24 to 26-04-24 22300-22400 is Major Resistance For Nifty. 21700-21800 is the Support for Nifty Next week. 21800-22400 is the Range for Nifty Next Week. 22400 is a key Level as we can see both reversal & Continuation. If Nifty Sustains above 22400, more upside possible and Targets are 22500/22600/22700. If Nifty rejects from 22400,...
22080-22120 is the PRZ area for nifty asper XABCD in hourly timeframe. Higher chances are we may see pullback for the present downside impulsive move. Long confirmation is above 22220 for the targets of 22300/22400. 22500 will act as Resistance for Nifty. Plan your trade accordingly
Bank Nifty Weekly Analysis For 15-04-24 to 19-04-24 48800-49000 is the Resistance for this Week. Short Level for this Week are: Scenario 1: If Bank Nifty breaks 48400, short for the Targets of 48080/47800. Scenario 2: If Bank Nifty gives a pull back and tests Resistance, short from 48800 for the Targets of 48480/48080. Long Only above 49100 for New ATH. Verdict:...
Bank Nifty Weekly Analysis For 26-03-24 to 28-03-24 47000-47280 is the Resistance for this Week. Long above 47300 for the targets of 47660/47890. Short Level Below 46500 for the Targets of 46300/46000. Verdict: Sideways Market to Upside.
Nifty Weekly Analysis For 18-03-24 to 22-03-24 Weekly Sentiment is Bearish. 22200 is Major Resistance For Nifty. 21850-22200 is the Range for Nifty Next week. If Nifty Sustains above 22200, upside possible and Targets are 22300/22400. Note that Upside move is against the sentiment, so approach should be defensive. Below 21850, ABCD Activates and Downside Targets...
Bank Nifty Weekly Analysis For 11-03-24 to 15-03-24 48200-48500 is the PRZ Area. 47200-48500 is the Range for Bank Nifty Next Week. Short Level Below 47200 for the Targets for 46900/46600. Long only above 49000 for New ATH. Verdict: Sideways Market to Downside.
Bank Nifty Weekly Analysis For 04-03-24 to 08-03-24. 46080-46300 is the Major Support For Bank Nifty This Week. 47500 is the Resistance for this Week. If Bank Nifty Sustains above 47500, more Upside Possible & Targets are 47880/48380. If Bank Gives a Pull back and Retests Support, wait for a Reversal and Long from Support for the Targets of 46780/47080. Short...
Bank Nifty Weekly Analysis For 26-02-24 to 01-03-24 46400-47400 is the Sideways range for Bank Nifty this week. If Bank Nifty Sustains Above 47400, more upside possible and targets are 47880/48780. If Bank Nifty Trades Below 46400, Downside Targets are 45980/45480.
Nifty Weekly Analysis For 19-02-24 to 23-02-24 22150-22200 is Major Resistance For Nifty. 2100 is a Major Support for Nifty this week. If Nifty sustains above 22200, ABCD Activates and more Upside possible. Targets are 22350/22500. Short only Below 21500.
Bank Nifty Weekly Analysis For 19-02-24 to 23-02-24 46000-47000 is the Range for Bank Nifty Next Week. If Bank Nifty Sustains Above 47080, more upside possible and targets are 47480/47980. Short Level Below 45900 for the Targets of 45500/45080.
Nifty Weekly Analysis For 12-02-24 to 16-02-24 22150-22200 is Major Resistance For Nifty. 21080-21150 is a Major Support for Nifty this week. If Nifty trades below 21600, more downside possible and Targets are 21500/21400. Long Only Above 22200 for New ATH. 21100-22200 is the Range for Nifty in the Coming Weeks. We can see Trending move only If Nifty Breaks on...
Nifty Short Term View(Hourly Chart) 22150-22200 is the Major Resistance For Nifty as per PRZ (Potential Revarsal Zone). In Daily Chart, Nifty has Formed a Double Top & shooting Star Candle @ Resistance, which is as sign of Reversal. If Nifty Breaks 21780 on Downside, XABCD ACtivates and one can plan a Agressive Short position for the targets of...
Nifty Weekly Analysis For 05-02-24 to 09-02-24 21050-21150 is the major Support Zone for Nifty50. 22000-22150 will act as Resistance for Nifty50 coming Week. 21050-22150 is the Sideways Range For Nifty. If Nifty Sustains Above 22150, more Upside Possible and Targets are 22392/22735. Short only below 20980 Verdict: Sideways Market.