MD - Aapka Investments
Website - https://www.aapkainvestments.in
"Nifty
was quite weak this week. The first three days were in a narrow range and
sideways, then it had an 80-point gap-up opening. On the last day, it even
filled that gap. Overall, this week Nifty gave a very small move, just a
158-point move." "And Nifty respected a major resistance at
26,200."
"Nifty
closed at 25,910 last week and this week it closed at 26,068, which is only a
158-point move. Nifty is strongly respecting the major resistance at 26,200. If
Nifty breaks the 26,200 resistances, we could see a good upward move;
otherwise, a reversal may come from here."
"Bank
Nifty was still a bit stronger this week compared to Nifty. On the first day,
Bank Nifty opened with a 150-point gap-up, after which it showed a strong
bullish move. On the last day, Bank Nifty fell by 480 points and closed at
58,867. Last week it had closed at 58,517, which means it gave a 350-point
move."
Important
Levels for Nifty Next Week
- Major Support Levels for Nifty
- Support 1 – 26000
- Support 2 – 25800
- Support 3 – 25600
- Major Resistance Levels for Nifty
- Resistance 1 – 26200
- Resistance 2 – 26400
- Resistance 3 – 26600
Important Levels for Banknifty Next Week
- Major Support Levels for Banknifty
- Support 1 – 58700
- Support 2 – 58100
- Support 3 – 57600
- Major Resistance Levels for Banknifty
- Resistance 1 – 59000
- Resistance 2 – 59500
- Resistance 3 – 59900
Important Stocks to Watch Next Week
1) DCMSHRIRAM
Buy Above @ 1280
Stop Loss Below @ 1160
Targets @ 1310, 1360 and 1420
2) MARUTI
CMP @ 15970
Buy Above @ 16155
Stop Loss @ 15600
Targets @ 16350, 16650 and 16950
The securities quoted are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read and agree Disclaimer and related all the documents carefully before investing, mentioned on www.nikhilbhatt.in
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