MTECHTIPS Nifty This Week Closed With Gain At 8564. This Week
Nifty Hit Low Around 8448 While High Was At 8606. Total 170
Points Weekly Range And Closed With Gain. This Was Second Week
Of Gains For Nifty. In These 2 Weeks We Seen Almost 300 Points
Rally From Bottom. On Weekly Chart, Nifty Price Trend And
Momentum Both Are Bullish. 8450 Is Major Averages Support Zone
And Remain As Reentry Zone On Correction. For Next Week, Nifty
Support Are 8450 And 8410 And Stop Loss Must Remain Below Them
For Short To Medium Term Long Position. On Upside 8700 And 8760
Are Target Zones For Next Week. Future Traders Can Buy Near
8400-8450 On Correction With Stop Loss For Target 8700-8760.
While Option Traders Can Use Nifty 8400 Call Options For Buying
And Accumulation On Correction With Stop Loss.(8594) for this
week...Buy 8561 & 8537 nearest & 8486 a solid support SL 8450.
UP it'll spurt up to 8665 & closing above which 8718, 8734 &
MTECHTIPS Bank nifty Spot This Week Closed At 18893 With Gain.
After Last Week�s Dip We Seen Sharp Recovery In Bank nifty On
Fresh Buying As Well As Short Covering. On Weekly Chart, Bank
nifty Price Trend And Momentum Is Bullish. On Downside 18550 Is
Major Average Support Zone. For Next Week, Bank nifty Spot Has
Support At 18550 And Then 18260 While On Upside 19390 And Then
19580 Are Strong Resistances. Traders Must Keep Buy On Dips View
With Strict Stop Loss. For Future Traders 19400 To 19600 Are
Target Zones With Stop Loss Below 18550 While Option Traders Can
Use Bank nifty 18500 Call Options For Buying And Accumulation On
Correction. (18980) for this week...Buy 18890 & 18800 crucial
supp SL 18690. UP 19207 a most crucial hurdle closing above
which it'll spurt up to 19368, 19432 & 19578-19645.
(28236) for this week...A close above 28325 heavy fresh buying
will take it up to 28556 & thereafter to 28622 & 28854. Down
28113 & 28000 crucial supp, buy SL 27850.