NIFTY
FINALLY CLOSED IN STRONG GREEN ON FRIDAY WILL IT BREAK THE MAKE OF BREAK LEVEL
THIS WEEK….??
Last
week was a momentum bullish week for Nifty but on Friday it skyrocketed and
closed above 25100 levels which could be a very good signal for investors as
now the nifty is very close to its crucial resistance of 25200 levels. If in
the next week nifty succeeds to surpass this important level then we may see a
sharp upside in nifty and other indexes.
Nifty
now have a major support @24700, till it is above these levels we can see the
bullish sentiments intact and markets are in safe zone. From last few weeks
Nifty is stucked in a narrow range of 25200 to 24600 levels and now also till
it closes above 25200 which is its major resistance we should wait and watch.
Banknifty also witnessed sharp upmove in the last week and closed above 56200 levels, now banknifty have a major resistance @56500 levels, if it manages to close above 56500 levels then we may see a fresh high in banknifty in the coming weeks
Important Levels for Nifty Next Week
Major Support Levels for Nifty
- Support 1 – 24700
- Support 2 – 24400
- Support 3 – 24150
Major Resistance Levels for Nifty
- Resistance 1 – 25200
- Resistance 2 – 25400
- Resistance 3 – 25600
Important Levels for Banknifty Next Week
Major Support Levels for Banknifty
- Support 1 – 55700
- Support 2 – 55100
- Support 3 – 54600
Major Resistance Levels for Banknifty
- Resistance 1 – 56500
- Resistance 2 – 57000
- Resistance 3 – 57500
Important Stocks to Watch Next Week
1)
JBCHEM
CMP @ 1770
Buy
Above @ 1801
Stop
Loss Below @ 1660
Targets
@ 1870, 1970 and 2070
2) JSWSTEEL
CMP
@ 1005
Buy
Above @ 1025
Stop
Loss @ 980
Targets
@ 1050, 1075 and 1100
3)
KAYNES
CMP
@ 5865
Buy
Above @ 5890
Stop
Loss @ 5660
Targets
@ 6100, 6300 and 6500
4) ULTRATECH CEMENT
CMP
@ 11450
Buy
Above @ 11530
Stop
Loss @ 11300
Targets @ 11700, 11900 and 12100
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