MD - Aapka Investments
Website - https://www.aapkainvestments.in
Nifty recovered from the lower levels of 25700, will it continue in the next week?
In
the last week nifty fell sharply for the first three days and fell below 25700
levels but recovered on Thursday and Friday and closed above 26050 levels. The
last two days recovery was a good signal that bulls are having control over
market and also shows that nifty have a major support at 25700 levels. If
market respects this level in the next week also then we can see nifty towards
new lifetime high.
In
the last week nifty traded in a bigger range of 500 points, it made a high of
26178 and a low of 25693 which indicates high volatility and big tussle between
bulls and bears. Now we can see a major support at 25700 and a major resistance
at 26180 levels.
Banknifty
was comparatively stronger than nifty from the last 2-3 weeks but fell below
58800 amid market nervousness, banknifty finally closed above 59389 levels with
the major support at 58799 levels. If in the next week banknifty manages to
close above 59700 then we can see banknifty towards 61000 levels soon. And if
banknifty fells below 58700 then we can see a sharp fall below 58000 levels
soon.
Important
Levels for Nifty Next Week
- Major Support Levels for Nifty
- Support 1 – 25900
- Support 2 – 25700
- Support 3 – 25500
- Major Resistance Levels for Nifty
- Resistance 1 – 26180
- Resistance 2 – 26330
- Resistance 3 – 26530
Important
Levels for Banknifty Next Week
- Major Support Levels for Banknifty
- Support 1 – 59000
- Support 2 – 58700
- Support 3 – 58200
- Major Resistance Levels for Banknifty
- Resistance 1 – 59700
- Resistance 2 – 60200
- Resistance 3 – 60500
Important Stocks to Watch Next Week
CMP @ 1770
Buy Above @ 1790
Stop Loss Below @ 1690
Targets @ 1890, 1990 and 2090
2) BLUESTARCO
Buy Above @ 1810
Stop Loss @ 1700
Targets @ 1890, 1990 and 2090
3) HINDCOPPER
Buy Above @ 385
Stop Loss @ 345
Targets @ 405, 435 and 465
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