MD - Aapka Investments
Website - https://www.aapkainvestments.in
MARKETS ZOOMING BROKE THE MAJOR MAKE OR BREAK LEVEL. WILL NIFTY BREAK THE LIFE HIGH SOON…..?
Last
week we saw a powerful move by bulls in the markets, Nifty broke the major
resistance of 25200 levels and closed near 25600 levels as we predicted in our
last week report. Now nifty is in all green condition but yet we can see some
profit bookings at these levels but overall the markets are bullish and
investors can now see nifty making new highs soon.
Banknifty
also witnessed a strong move by bulls in the last week and banknifty made a
fresh life high of 57475 on Friday. Banknifty is comparatively trading stronger
than nifty as it has made three fresh highs in the recent past still nifty is
yet to break the life high since September 2024 which was 26277, so we can say
nifty is still 700 points aways from its lifetime high. Banknifty now have a
major resistance @58000 levels if it breaks above that we may see banknifty
@59000 levels soon also if we some profit bookings at the current levels then
we must mark the major support @56500 as below that we can see it fall sharply.
Nifty
is overall bullish but we can see some profit bookings @25600 levels, if it
breaks above that then the major resistance will be 26000 levels and if it
falls then the support will be @25200 levels.
Important Levels for Nifty Next Week
Major Support Levels for Nifty
- Support 1 – 25200
- Support 2 – 24900
- Support 3 – 24500
Major Resistance Levels for Nifty
- Resistance 1 – 25900
- Resistance 2 – 26200
- Resistance 3 – 26500
Important Levels for Banknifty Next Week
Major
Support Levels for Banknifty
- Support 1 – 56500
- Support 2 – 56000
- Support 3 – 55500
Major Resistance Levels for Banknifty
- Resistance 1 – 57800
- Resistance 2 – 58200
- Resistance 3 – 58700
Important Stocks to Watch Next Week
1) ATGL
Buy Above @ 700
Stop Loss Below @ 640
Targets @ 740, 790 and 890
Buy Above @ 1350
Stop Loss @ 1260
Targets @ 1390, 1440 and 1490
3)
KPRMILL
Buy Above @ 1155
Stop Loss @ 1110
Targets @ 1195, 1245 and 1295
4) HEG
Buy Above @ 530
Stop Loss @ 490
Targets @ 555, 585 and 625
No comments:
Post a Comment