MTECHTIPS Nifty weekly chart price trend is bullish but momentum
is losing out on strong profit booking and expect deeper
corrections in medium terms. On weekly chart, nifty below 7925
will enter into major correction for lower levels up to 7575. On
upside 8040 and 8320 are resistances on weekly chart.
MTECHTIPS Banknifty future weekly chart, showing negative
closing for this week with high volatility drama. This was first
negative weekly closing for banknifty future after last four
weeks gains. Banknifty weekly chart price trend is bullish but
momentum is on corrective side. Below 16700 trend will change
into bearish zone. Banknifty weekly chart showing support zones
around 17200 and 16700.
index: (26398) Consider for this week...Buy considering 26173 &
25911 crucial supports keeping stop loss of 25911. Upward side
it'll surge up to 26662 & 26760 initially. A close above 26760
fresh buying will take it up to 26961. Downward side a close
below 25911 it'll fall down further to 25692.