EquityPandit’s Outlook for Nifty Bank for the week (April 22,2019 – April 26,2019): NIFTY BANK:     NIFTY BANK Index closed the week on positive note gaining +419.90 Points +1.41% Weekly High: 30669.8 Weekly Low: 29640.2 Weekly Close: 30223.40 Nifty bank is on verge of breakout, all set to head towards new all-time high levels once sustains above 30700 then huge short covering may be seen in nifty bank. Technically if Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 30200-30300 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 31100- 31200 Currently Nifty bank in

EquityPandit’s Outlook for Nifty Bank for the week  (April 15, 2019 – April 19, 2019): NIFTY BANK:     NIFTY BANK Index closed the week on negative note -146.10 Points -0.49%. Weekly High: 30232.1 Weekly Low: 29640.2 Weekly Close: 29938.55 Nifty bank trading around strong support levels of 29700- 29750, this week we may see some buying in nifty bank index if closes above 30000 levels. Technically if Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 29150- 29200 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 31000-31100 Currently Nifty bank index is trading ab

EquityPandit’s Outlook for Nifty Bank for the week  (April 05, 2019 – April 12, 2019): NIFTY BANK:     NIFTY BANK Index closed the week on negative note -342.15 Points (-1.12%). Weekly High: 30648.10 Weekly Low: 29809.9 Weekly Close: 30084.65 Last week we have seen some profit booking in nifty bank index, Technically on the daily charts we see minor support on the downside for index lies at 29800- 29700 levels, whereas minor resistance on the upside is capped around 30600- 30650 levels. If Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 29150- 29200 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index c

EquityPandit’s Outlook for Nifty Bank for the week  (April 01, 2019 – April 05, 2019): NIFTY BANK:     NIFTY BANK Index closed the week on positive note gaining +844.30 Points (+2.85%). Weekly High: 30499.15 Weekly Low: 29156.20 Weekly Close: 30426.80 Nifty bank has seen wild movement last week and before March Expiry we have seen huge buying attraction index, Technically on the daily charts we see minor support on the downside for index lies at 30000-29900 levels, whereas minor resistance on the upside is capped around 30600- 30650 levels. If Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 29150- 29200 and if breaches minor resistance on the upside an

EquityPandit’s Outlook for Nifty Bank for the week   (Mar 25, 2019 – Mar 29, 2019) : NIFTY BANK:     NIFTY BANK Index closed the week on positive note gaining +659.40 Points (+2.28%). Weekly High: 30008.10 Weekly Low: 28990.80 Weekly Close: 29582.50 We have seen mammoth rally in bank nifty in last few weeks which led bank nifty to touch psychological levels of 30000, as we predicted last week if bank nifty sustains above 29600 we may see rally till 30200 and bank nifty touched the levels of 30008.10 Technically on the daily charts we see minor support on the downside for index lies at 29350- 29400 levels, whereas minor resistance on the upside is capped around 30200- 30250 levels. If Nifty bank index breaches minor support on the downside and closes below it we may see f

EquityPandit’s Outlook for Nifty Bank for the week   (Mar 18, 2019 – Mar 22, 2019) : NIFTY BANK:     NIFTY BANK Index closed the week on positive note gaining +1619.65 Points (+5.83%). Weekly High: 29520.70 Weekly Low: 27560.00 Weekly Close: 29381.45 Last week we have seen massive rally of 1620 points in nifty bank index, index broke all-time highs and is trading in super bullish mode, risk reward ratio for buying is not in favor and correction after a huge rally is pending. Technically on the daily charts we see minor support on the downside for index lies at 28300- 28400 levels, whereas minor resistance on the upside is capped around 29600-29700 levels. If Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index

EquityPandit’s Outlook for Nifty Bank for the week   (Mar 11, 2019 – Mar 15, 2019) : NIFTY BANK:     NIFTY BANK Index closed the week on positive note gaining 971.90 Points (+3.63%). Weekly High: 27815.50 Weekly Low: 26928.90 Weekly Close: 27761.80 Technically on the daily charts we see minor support on the downside for index lies at 26500- 26400 levels, where as minor resistance on the upside is capped around 27900-28000 levels. If Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 26000- 25900 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 28400- 28500 Current

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 05, 2019 – Mar 08, 2019): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.70%. As we have mentioned, last week that support for the index lies in the zone 26700 to 26800 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 26300 to 26400 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 26719 and close the week around the levels of 27044. Minor support for the index lies in the zone of 26700 to 26800. Support for the index lies in the zone 26500 to 26600 where low for the month of February-2019 and long term moving averages are lying. If

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 25, 2019 – Mar 01, 2019): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.30%. As we have mentioned, last week that minor resistance for the index lies in the zone of 27000 to 27100. Resistance for the index lies in the zone of 27300 to 27400 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27700 to 27900 from where the index has broken down after consolidation. During the week the index manages to hit a high of 27101 and close the week around the levels of 26867. Support for the index lies in the zone 26700 to 26800 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these level

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 18, 2019 – Feb 22, 2019): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.80%. As we have mentioned, last week that minor support for the index lies in the zone of 27100 to 27200. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 26300 to 26400 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 26635 and close the week around the levels of 26794. Support for the index lies in the zone 26700 to 26800 where Fibonacci levels and medium term moving averages are lying. If the

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 11, 2019 – Feb 15, 2019): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.80%. As we have mentioned, last week that support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 26300 to 26400 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 26825 and close the week around the levels of 27294. Minor support for the index lies in the zone of 27100 to 27200. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short & medium term moving averages are l

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 4, 2019 – Feb 8, 2019): NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned, last week that minor resistance for the index lies in the zone of 27400 to 27500. Resistance for the index lies in the zone of 27700 to 27900 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 28300 to 28400 where the index has formed a high in the month of August-2018. During the week the index manages to hit a high of 27533 and close the week around the levels of 27086. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short & medium term moving averages are lying. If the index manages t

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 28, 2019 – Feb 1, 2019): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.20%. As we have mentioned, last week that minor support for the index lies in the zone of 27200 to 27300. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 26200 to 26300 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 27045 and close the week around the levels of 27115. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short term moving averages are lying. If the index manages t

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 21, 2019 – Jan 25, 2019): NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned, last week that resistance for the index lies in the zone of 27700 to 27900 from where the index has broken down after consolidation. If the index manages to close above these levels then the index can move to the levels of 28300 to 28400 where the index has formed a high in the month of August-2018. During the week the index manages to hit a high of 27612 and close the week around the levels of 27457. Minor support for the index lies in the zone of 27200 to 27300. Support for the index lies in the zone 26800 to 26900 where Fibonacci levels and short term moving averages are lying. If the index manages to close below

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 14, 2019 – Jan 18, 2019): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.90%. As we have mentioned, last week that resistance for the index lies in the zone of 27300 to 27500 from where the index has broken down in the month of August-2018 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27700 to 27900 from where the index has broken down after consolidation. During the week the index manages to hit a high of 27754 and close the week around the levels of 27454. Minor support for the index lies in the zone of 27300 to 27400. Support for the index lies in the zone 26600 to 26700 where Fibonacci levels and short term moving average

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 07, 2019 – Jan 11, 2019): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.30%. As we have mentioned, last week that minor support for the index lies in the zone of 26800 to 26900. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying. During the week the index manages to hit a low of 26924 and close the week around the levels of 27195. Minor support for the index lies in the zone of 26800 to 26900. Support for the index lies in the zone 26300 to 26500

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 31, 2018 – Jan 04, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.00%. As we have mentioned, last week that support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying. During the week the index manages to hit a low of 26408 and close the week around the levels of 27125. Minor support for the index lies in the zone of 26800 to 26900. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lyin

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 24, 2018 – Dec 28, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.20%. As we have mentioned, last week that resistance for the index lies in the zone of 26800 to 27000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27300 to 27500 from where the index has broken down in the month of August-2018 and Fibonacci levels are lying. During the week the index manages to hit a high of 27364 and close the week around the levels of 26870. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 17, 2018 – Dec 21, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.90%. As we have mentioned, last week that resistance for the index lies in the zone of 26800 to 27000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27300 to 27500 from where the index has broken down in the month of August-2018 and Fibonacci levels are lying. During the week the index manages to hit a high of 26951 and close the week around the levels of 26826. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 10, 2018 – Dec 14, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.00%. As we have mentioned, last week that resistance for the index lies in the zone of 26800 to 27000 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27300 to 27500 from where the index has broken down in the month of August-2018 and Fibonacci levels are lying. During the week the index manages to hit a high of 27037 and close the week around the levels of 26594. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift t

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 03, 2018 – Dec 07, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.30%. As we have mentioned, last week that resistance for the index lies in the zone of 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26800 to 27000 where Fibonacci levels are lying. During the week the index manages to hit a high of 27013 and close the week around the levels of 26863. Support for the index lies in the zone 26300 to 26500 where Fibonacci levels and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25800 to 26000

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 26, 2018 – Nov 30, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.90%. As we have mentioned, last week that support for the index lies in the zone 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25200 to 25400 where break out levels and Fibonacci levels are lying. During the week the index manages to hit a low of 25948 and close the week around the levels of 26000. Support for the index lies in the zone 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying. If the index manages to close below these levels then t

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 19, 2018 – Nov 23, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.80%. As we have mentioned, last week that resistance for the index lies in the zone of 25900 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26400 to 26500 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 26333 and close the week around the levels of 26245. Support for the index lies in the zone 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying. If the index manages to clo

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 12, 2018 – Nov 16, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.30%. As we have mentioned, last week that resistance for the index lies in the zone of 25900 to 26100 where low for the month of June-2018 & July-2018 and short & long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 26400 to 26500 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a high of 25861 and close the week around the levels of 25771. Minor support for the index lies around 25500 to 25600. Support for the index lies in the zone 25000 to 25200 where Fibonacci levels are lying. If the in

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 29, 2018 – Nov 02, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.60%. As we have mentioned, last week that resistance for the index lies in the zone of 25500 to 25600 from where the index has broken down from May-2018 lows. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying. During the week the index manages to hit a high of 25505 and close the week around the levels of 24421. Support for the index lies in the zone 24200 to 24300 where short term bottom has been formed and channel support is lying. If the index manages to close below these levels th

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 22, 2018 – Oct 26, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.20%. As we have mentioned, last week that minor support for the index lies around 24800 to 25000. Support for the index lies in the zone 24100 to 24200 where short term bottom has been formed. If the index manages to close below these levels then the index can drift to the levels of 23600 to 23700 where the index has formed a low in the month of March-2018. During the week the index manages to hit a low of 24923 and close the week around the levels of 25086. Minor support for the index lies around 24800 to 24900. Support for the index lies in the zone 24200 to 24300 where short term bottom has been formed. If the index manages to

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 15, 2018 – Oct 19, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.90%. As we have mentioned, last week that minor resistance for the index lies around 24800 to 25000. Resistance for the index lies in the zone of 25500 to 25600 from where the index has broken down from May-2018 lows. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where low for the month of June-2018 & July-2018 and long term moving averages are lying. During the week the index manages to hit a high of 25484 and close the week around the levels of 25396. Minor support for the index lies around 24800 to 25000. Support for the index lies in the zone 24100 to 24200 where

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 08, 2018 – Oct 12, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.70%. As we have mentioned, last week that minor support for the index lies around 25000 to 25100. Support for the index lies in the zone 24500 to 24700 from where the index broke out in the month of April-2018. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24100 where low for the month of April-2018 is lying. During the week the index manages to hit a low of 24251 and close the week around the levels of 24443. Support for the index lies in the zone 24000 to 24100 where low for the month of April-2018 is lying. If the index manages to close below these levels then the index can

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 01, 2018 – Oct 05, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.90%. As we have mentioned, last week that minor support for the index lies around 25400 to 25500. Support for the index lies in the zone 25000 to 25100 from where the index has broken out in the month of April-2018. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600. During the week the index manages to hit a low of 24678 and close the week around the levels of 25120. Minor support for the index lies around 25000 to 25100. Support for the index lies in the zone 24500 to 24700 from where the index broke out in the month of April-2018. If the index manages to close below these

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 24, 2018 – Sep 28, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 5.80%. As we have mentioned, last week that minor support for the index lies around 26700 to 26800. Support for the index lies in the zone 26500 to 26600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 26000 to 26100 where Fibonacci levels and long term moving averages are lying. During the week the index manages to hit a low of 25053 and close the week around the levels of 25597. Minor support for the index lies around 25400 to 25500. Support for the index lies in the zone 25000 to 25100 from where the index has broken out in the month of April-2018. If t

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 17, 2018 – Sep 21, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.10%. As we have mentioned, last week that support for the index lies in the zone 27100 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26700 to 26800 where channel support and medium term moving averages for the index is lying. During the week the index manages to hit a low of 26555 and close the week around the levels of 27164. Minor support for the index lies around 26700 to 26800. Support for the index lies in the zone 26500 to 26600 where Fibonacci levels are lying. If the index manages to close below these levels then th

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 10, 2018 – Sep 14, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.50%. As we have mentioned, last week that minor support for the index lies around 27900 to 28000. Support for the index lies in the zone 27500 to 27600 from where the index broke out of January-2018 high and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 27100 to 27200 from where the index broke out of double top pattern. During the week the index manages to hit a low of 27136 and close the week around the levels of 27359. Support for the index lies in the zone 27100 to 27200 from where the index broke out of double top pattern. If the index manages

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 03, 2018 – Sep 07, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.80%. As we have mentioned, last week that resistance for the index lies in the zone of 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close above these levels then the index can move to the levels of 28400 to 28500 where Fibonacci extension levels are lying. During the week the index manages to hit a high of 28389 and close the week around the levels of 28062. Minor support for the index lies around 27900 to 28000. Support for the index lies in the zone 27500 to 27600 from where the index broke out of January-2018 high and short term moving averages are lying. If the index manages to clo

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 27, 2018 – Aug 31, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.00%. As we have mentioned, last week that support for the index lies in the zone 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close below these levels then the index can drift to the levels of 27500 to 27600 from where the index broke out of January-2018 high. During the week the index manages to hit a low of 27783 and close the week around the levels of 27835. Support for the index lies in the zone 27500 to 27600 from where the index broke out of January-2018 high and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 20, 2018 – Aug 24, 2018): NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned, last week that support for the index lies in the zone 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close below these levels then the index can drift to the levels of 27500 to 27600 from where the index broke out of January-2018 high. During the week the index manages to hit a low of 27739 and close the week around the levels of 28128. Support for the index lies in the zone 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close below these levels then the index can drift to the levels of 27500 to 27600 from where the index broke out of

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 13, 2018 – Aug 17, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.50%. As we have mentioned, last week that resistance for the index lies in the zone of 27600 to 27700 where the index has formed a top in the month of January-2018. If the index manages to close above these levels then the index can move to the levels of 28000 to 28100. During the week the index manages to hit a high of 28378 and close the week around the levels of 28125. Support for the index lies in the zone 27900 to 28000 from where the index broke out of July-2018 high. If the index manages to close below these levels then the index can drift to the levels of 27500 to 27600 from where the index broke out of January-2018 high

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 06, 2018 – Aug 10, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.20%. As we have mentioned, last week that support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26400 to 26500 where Fibonacci levels and short term moving averages are lying. During the week the index manages to hit a low of 27328 and close the week around the levels of 27695. Support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these levels then the index can drift to the levels of 26400 to 2650

EquityPandit’s Outlook for Nifty Bank for the week  (July 30, 2018 – Aug 03, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.50%. As we have mentioned, last week that minor support lies around the zone of 26600 to 26700. Support for the index lies in the zone 26400 to 26500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25900 to 26000 where Fibonacci levels and medium moving averages are lying. During the week the index manages to hit a low of 26671 and close the week around the levels of 27559. Support for the index lies in the zone 27000 to 27200 from where the index broke out of double top pattern. If the index manages to close below these le

EquityPandit’s Outlook for Nifty Bank for the week  (July 23, 2018 – July 27, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.20%. As we have mentioned, last week that minor support lies around the zone of 26600 to 26700. Support for the index lies in the zone 26400 to 26500 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25900 to 26000 where Fibonacci levels and medium moving averages are lying. During the week the index manages to hit a low of 26644 and close the week around the levels of 26873. Minor support lies around the zone of 26600 to 26700. Support for the index lies in the zone 26400 to 26500 where Fibonacci levels and short term movi

EquityPandit’s Outlook for Nifty Bank for the week  (July 16, 2018 – July 20, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.70%. As we have mentioned, last week that minor resistance lies around the zone of 26550 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018 and June-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 27165 and close the week around the levels of 26936. Minor support lies around the zone of 26600 to 26700. Support for the index lies in the zone 26400 to 26500 where Fibonacci

EquityPandit’s Outlook for Nifty Bank for the week  (July 09, 2018 – July 13, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.50%. As we have mentioned, last week that support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25500 to 25600 where Fibonacci levels and medium & long term moving averages are lying. During the week the index manages to hit a low of 26061 and close the week around the levels of 26494. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can dr

EquityPandit’s Outlook for Nifty Bank for the week  (July 02, 2018 – July 06, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.50%. As we have mentioned, last week that minor support lies around the zone of 26550 to 26600. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25500 to 25600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low 26161 and close the week around the levels of 26364. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close

EquityPandit’s Outlook for Nifty Bank for the week  (June 25, 2018 – June 29, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.30%. As we have mentioned, last week that minor resistance lies around the zone of 26550 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 26807 and close the week around the levels of 26767. Minor support lies around the zone of 26550 to 26600. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and shor

EquityPandit’s Outlook for Nifty Bank for the week  (June 18, 2018 – June 22, 2018): NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned, last week that minor resistance lies around the zone of 26500 to 26600. Resistance for the index lies in the zone of 26900 to 27000 where the index has formed a double top in the month of May-2018. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 26765 and close the week around the levels of 26417. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close be

EquityPandit’s Outlook for Nifty Bank for the week  (June 11, 2018 – June 15, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.20%. As we have mentioned, last week that minor support lies around the zone of 26400 to 26500. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25500 to 25600 where Fibonacci levels and medium term moving averages are lying. During the week the index manages to hit a low of 26070 and close the week around the levels of 26367. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels and short term moving averages are lying. If the index manages to cl

EquityPandit’s Outlook for Nifty Bank for the week  (June 04, 2018 – June 08, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.60%. As we have mentioned, last week that minor support lies around the zone of 25900 to 26000. Support for the index lies in the zone 25500 to 25600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25100 where Fibonacci levels and medium & long term moving averages are lying. During the week the index manages to hit a low of 25981 and close the week around the levels of 26693. Minor support lies around the zone of 26400 to 26500. Support for the index lies in the zone 25900 to 26000 where Fibonacci levels an

EquityPandit’s Outlook for Nifty Bank for the week  (May 28, 2018 – June 01, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.60%. As we have mentioned, last week that support for the index lies in the zone 25500 to 25600 where Fibonacci levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 25000 to 25100 where Fibonacci levels and medium & long term moving averages are lying. During the week the index manages to hit a low of 25622 and close the week around the levels of 26286. Minor support lies around the zone of 25900 to 26000. Support for the index lies in the zone 25500 to 25600 where Fibonacci levels and short term moving averages are lying. If the index ma

EquityPandit’s Outlook for Nifty Bank for the week  (May 21, 2018 – May 25, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.00%. As we have mentioned, last week that minor resistance lies around the zone of 26600 to 26700. Resistance for the index lies in the zone of 26900 to 27000 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 27500 to 27600 where the index has formed a top in the month of January-2018. During the week the index manages to hit a high of 26972 and close the week around the levels of 25881. Support for the index lies in the zone 25500 to 25600 where Fibonacci levels and short term moving averages are lying. If the index manages to close belo

EquityPandit’s Outlook for Nifty Bank for the week  (May 14, 2018 – May 18, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.00%. As we have mentioned, last week that resistance for the index lies in the zone of 25600 to 25650 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where Fibonacci levels and Gap are lying. During the week the index manages to hit a high of 26437 and close the week around the levels of 26413. Support for the index lies in the zone 26000 to 26100 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25500 to 25600 where Fibonacci levels and short term moving averages a

EquityPandit’s Outlook for Nifty Bank for the week  (May 07, 2018 – May 11, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.00%. As we have mentioned, last week that resistance for the index lies in the zone of 25500 to 25600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where Fibonacci levels and Gap are lying. During the week the index manages to hit a high of 25717 and close the week around the levels of 25645. Minor support for the index lies in the zone of 25300 to 25400. Support for the index lies in the zone 24900 to 25000 where long term moving averages and break out levels are lying. Support for the index lies in the zone of 24500 to 24600 where Fibo

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 30, 2018 – May 04, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.80%. As we have mentioned, last week that support for the index lies in the zone 24900 to 25000 where long term moving averages and break out levels are lying. Support for the index lies in the zone of 24500 to 24600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24000 to 24100 where break out levels are lying. During the week the index manages to hit a low of 24466 and close the week around the levels of 25394. Support for the index lies in the zone 24900 to 25000 where long term moving averages and break out levels are lying. Support for the index li

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 23, 2018 – Apr 27, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.00%. As we have mentioned, last week that resistance for the index lies in the zone of 25500 to 25600 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 26000 to 26100 where Fibonacci levels and Gap are lying. During the week the index manages to hit a high of 25427 and close the week around the levels of 24943. Support for the index lies in the zone 24900 to 25000 where long term moving averages and break out levels are lying. Support for the index lies in the zone of 24500 to 24600 where Fibonacci levels are lying. If the index manages to close below these

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 16, 2018 – Apr 20, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.30%. As we have mentioned, last week that resistance for the index lies in the zone of 24900 to 25000 where long term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25250 to 25350 where the index has formed a gap and short & medium term moving averages are lying. During the week the index manages to hit a high of 25411 and close the week around the levels of 25200. Support for the index lies in the zone 24900 to 25000 where long term moving averages are lying. Support for the index lies in the zone of 24500 to 24600 where Fibonacci levels are lying. If the

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 09, 2018 – Apr 13, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.50%. As we have mentioned, last week that resistance for the index lies in the zone of 24300 to 24400 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 24900 to 25000 where long term moving averages are lying. During the week the index manages to hit a high of 24933 and close the week around the levels of 24873. Support for the index lies in the zone of 24500 to 24600 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 24000 to 24100 where break out levels are lying. Resistance for t

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 02, 2018 – Apr 06, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.50%. As we have mentioned, last week that support for the index lies in the zone of 23500 to 23600 where the index has formed a bottom in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 22900 to 23000 where trend-line joining earlier lows is lying. During the week the index manages to hit a low of 23657 and close the week around the levels of 24263. Minor support for the index lies in the zone of 23900 to 24000. Support for the index lies in the zone of 23500 to 23600 where the index has formed a bottom in the month of September-2017 and March-2018. If the i

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 26, 2018 – Mar 28, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 3.30%. As we have mentioned, last week that support for the index lies in the zone of 24200 to 24300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23500 to 23600 where the index has formed a bottom in the month of September-2017. During the week the index manages to hit a low of 23605 and close the week around the levels of 23670. Support for the index lies in the zone of 23500 to 23600 where the index has formed a bottom in the month of September-2017. If the index manages to close below these levels then the index can drift to the levels of 22900 to 23

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 12, 2018 – Mar 16, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.40%. As we have mentioned, last week that the index has closed around the support zone of 24900 to 25000 from where the index broke out of triple top pattern and long term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 24200 to 24300 where Fibonacci levels are lying. During the week the index manages to hit a low of 24048 and close the week around the levels of 24296. Support for the index lies in the zone of 24200 to 24300 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 23500 to 2360

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 05, 2018 – Mar 09, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.60%. As we have mentioned, last week that minor resistance for the index lies in the zone of 25700 to 25800. Resistance for the index lies in the zone of 26200 to 26300 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 26700 to 26900 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 25723 and close the week around the levels of 24903. The index has closed around the support zone of 24900 to 25000 from where the index broke out of triple top pattern and long term moving averages are lying. If the inde

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 26, 2018 – Mar 02, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.50%. As we have mentioned, last week that support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24400 to 24500 where long term moving averages are lying. During the week the index manages to hit a low of 24782 and close the week around the levels of 25302. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24400 to 24500 where long ter

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 19, 2018 – Feb 23, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.20%. As we have mentioned, last week that minor resistance for the index lies in the zone of 25700 to 25800. Resistance for the index lies in the zone of 26200 to 26300 from where the index has opened gap down. If the index manages to close above these levels then the index can move to the levels of 26700 to 26900 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 25810 and close the week around the levels of 25164. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 12, 2018 – Feb 16, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 3.70%. As we have mentioned, last week that support for the index lies in the zone of 26400 to 26500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25700 to 25800 where break out levels and short term moving averages are lying. During the week the index manages to hit a low of 25024 and close the week around the levels of 25480. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24400 to 24500 where long te

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 05, 2018 – Feb 09, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 3.60%. As we have mentioned, last week that resistance for the index lies in the zone of 27400 to 27500 where trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 27900 to 28000. During the week the index manages to hit a high of 27652 and close the week around the levels of 26451. Support for the index lies in the zone of 26400 to 26500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 25700 to 25800 where break out levels and short term moving averages are lying. Minor resista

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 29, 2018 – Feb 02, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.90%. As we have mentioned, last week that resistance for the index lies in the zone of 27100 to 27200 where target for the break out is lying. If the index manages to close above these levels then the index can move to the levels of 27400 to 27500 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 27522 and close the week around the levels of 27423. Minor support for the index lies in the zone of 27000 to 27100. Support for the index lies in the zone of 26400 to 26500 where break out levels are lying. If the index manages to close below these levels then the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 22, 2018 – Jan 25, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 4.60%. As we have mentioned, last week that resistance for the index lies in the zone of 25900 to 26000 where the index has formed a top in the month of November-2017. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400. During the week the index manages to hit a high of 26958 and close the week around the levels of 26942. Minor support for the index lies in the zone of 26300 to 26400. Support for the index lies in the zone of 25700 to 25800 where break out levels and short term moving averages are lying. If the index manages to close below these levels then the index can drift

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 15, 2018 – Jan 19, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.60%. As we have mentioned, last week that minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 25527 and close the week around the levels of 25749. Minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 08, 2018 – Jan 12, 2018): NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.20%. As we have mentioned, last week that minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 25233 and close the week around the levels of 25602. Minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 01, 2018 – Jan 05, 2018): NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.40%. As we have mentioned, last week that minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 25417 and close the week around the levels of 25539. Minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top p

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 26, 2017 – Dec 29, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.80%. As we have mentioned, last week that minor resistance for the index lies in the zone of 25400 to 25500. Resistance for the index lies in the zone of 25900 to 26000 where the index has formed a top in the month of November-2017. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400. During the week the index manages to hit a high of 25780 and close the week around the levels of 25650. Minor support for the index lies in the zone of 25400 to 25500. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manag

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 18, 2017 – Dec 22, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.50%. As we have mentioned, last week that support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 24889 and close the week around the levels of 25440. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break o

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 11, 2017 – Dec 15, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.50%. As we have mentioned, last week that support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 24813 and close the week around the levels of 25321. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break o

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 04, 2017 – Dec 08, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.30%. As we have mentioned, last week that minor support for the index lies in the zone of 25550 to 25600. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 25153 and close the week around the levels of 25200. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then th

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 27, 2017 – Dec 01, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.20%. As we have mentioned, last week that minor support for the index lies in the zone of 25550 to 25600. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying. During the week the index manages to hit a low of 25621 and close the week around the levels of 25780. Minor support for the index lies in the zone of 25550 to 25600. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 20, 2017 – Nov 24, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.90%. As we have mentioned, last week that minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying. During the week the index manages to hit a low of 25166 and close the week around the levels of 25728. Minor support for the index lies in the zone of 25550 to 25600. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 13, 2017 – Nov 17, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.60%. As we have mentioned, last week that minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to 24500 where short term moving averages are lying. During the week the index manages to hit a low of 25120 and close the week around the levels of 25500. Minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top p

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 06, 2017 – Nov 10, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.30%. As we have mentioned, last week that resistance for the index lies in the zone of 25000 to 25100 where the index has formed a triple top pattern. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600. During the week the index manages to hit a high of 25695 and close the week around the levels of 25650. Minor support for the index lies in the zone of 25350 to 25400. Support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels of 24450 to

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 30, 2017 – Nov 03, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.50%. As we have mentioned, last week that resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern. During the week the index manages to hit a high of 25186 and close the week around the levels of 24839. Minor support for the index lies in the zone of 24650 to 24700. Support for the index lies in the zone of 24400 to 24450 where short term moving averages are lying. If the index manages to close below these levels then the index can

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 23, 2017 – Oct 27, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 2.70%. As we have mentioned, last week that support for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. During the week the index manages to hit a low of 23924 and close the week around the levels of 24010. Support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs. If the index manages to close below these levels then the index can drift to the lev

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 16, 2017 – Oct 19, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.00%. As we have mentioned, last week that support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23000 to 23100 where the index has taken support in the month of June-2017. During the week the index manages to hit a low of 23978 and close the week around the levels of 24689. Support for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close below these levels then the index can drift

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 09, 2017 – Oct 13, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.60%. As we have mentioned, last week that minor resistance for the index lies in the zone of 24150 to 24250. Resistance for the index lies in the zone of 24400 to 24500 where short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 25000 to 25100 where the index has formed a double top pattern. During the week the index manages to hit a high of 24242 and close the week around the levels of 24190. Support for the index lies in the zone of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index ma

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 03, 2017 – Oct 06, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.30%. As we have mentioned, last week that support for the index lies in the zone of 24150 to 24250 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs and medium term moving averages are lying. During the week the index manages to hit a low of 23611 and close the week around the levels of 24053. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and medium term moving averages are lying. If the index manages to close below these

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 25, 2017 – Sep 29, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.90%. As we have mentioned, last week that resistance for the index lies in the zone of 25100 to 25200 where the index has formed a top in the month of August-2017. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500. During the week the index manages to hit a high of 25105 and close the week around the levels of 24369. Support for the index lies in the zone of 24150 to 24250 where the index has taken multiple support. If the index manages to close below these levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs and med

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 18, 2017 – Sep 22, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.90%. As we have mentioned, last week that resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24994 and close the week around the levels of 24844. Minor support for the index lies in the zone of 24600 to 24700. Support for the index lies in the zone of 24400 to 24500 from where the index broke out of consolidation. If the index manages to close below these

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 11, 2017 – Sep 15, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.30%. As we have mentioned, last week that resistance for the index lies in the zone of 24500 to 24600 from where the index broke down after consolidation. If the index manages to close above these levels then the index can move to the levels of 25100 to 25200 where the index has formed a top in the month of August-2017. During the week the index manages to hit a high of 24459 and close the week around the levels of 24354. Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index manages to close below thes

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 04, 2017 – Sep 08, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.70%. As we have mentioned, last week that support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 24103 and close the week around the levels of 24434. Minor support for the index lies in the zone of 24200 to 24300. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs. If the index man

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 28, 2017 – Sep 01, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.90%. As we have mentioned, last week that support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 23882 and close the week around the levels of 24274. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below thes

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 21, 2017 – Aug 25, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.40%. As we have mentioned, last week that resistance for the index lies in the zone of 24300 to 24400. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600 from where the index broke down after consolidation. During the week the index manages to hit a high of 24496 and close the week around the levels of 24074. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out l

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 14, 2017 – Aug 18, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 3.40%. As we have mentioned, last week that minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 23822 and close the week around the levels of 23986. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term movin

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 07, 2017 – Aug 11, 2017) : NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned, last week that minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying. During the week the index manages to hit a low of 24592 and close the week around the levels of 24827. Minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the inde

EquityPandit’s Outlook for Nifty Bank for the week  (July 31, 2017 – Aug 04, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.30%. As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24250 to 24300. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 25032 and close the week around the levels of 24811. Minor support for the index lies in the zone of 24500 to 24600. Support for the index lies in the zone of 23800 to 23900 from where the index broke out of June-2017 highs and short term moving averages are lying. If the index manages to close

EquityPandit’s Outlook for Nifty Bank for the week  (July 24, 2017 – July 28, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.30%. As we have mentioned, last week that the index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 24150 to 24250. If the index manages to close above these levels then the index can move to the levels of 24500 to 24600. During the week the index manages to hit a high of 24299 and close the week around the levels of 24257. Minor support for the index lies in the zone of 23900 to 24000. Support for the index lies in the zone of 23400 to 23500 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close

EquityPandit’s Outlook for Nifty Bank for the week  (July 17, 2017 – July 21, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.10%. As we have mentioned, last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23964 and close the week around the levels of 23938. Minor support for the index lies in the zone of 23700 to 23750. Support for the index lies in the zone of 23250 to 23350 from where the index broke out after consolidation and short term mo

EquityPandit’s Outlook for Nifty Bank for the week  (July 10, 2017 – July 14, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.00%. As we have mentioned, last week that minor resistance for the index lies in the zone of 23400 to 23500. Resistance for the index lies in the zone of 23700 to 23800 where the index has formed a top in the month of June-2017. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23540 and close the week around the levels of 23449. Minor support for the index lies in the zone of 23200 to 23300. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term

EquityPandit’s Outlook for Nifty Bank for the week  (July 03, 2017 – July 07, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 1.40%. As we have mentioned, last week that minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where break out levels for the index is lying. During the week the index manages to hit a low of 22996 and close the week around the levels of 23211. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term

EquityPandit’s Outlook for Nifty Bank for the week  (June 27, 2017 – June 30, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.20%. As we have mentioned last week that resistance for the index lies in the zone of 23700 to 23800 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of around 24150 to 24250. During the week the index manages to hit a high of 23897 and close the week around the levels of 23543. Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation and short term moving averages are lying. If the index manages to close below these levels then the index can dri

EquityPandit’s Outlook for Nifty Bank for the week  (June 19, 2017 – June 23, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.80%. As we have mentioned last week that minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22500 where short term moving averages and break out levels for the index is lying. During the week the index manages to hit a low of 23312 and close the week around the levels of 23503. Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the i

  EquityPandit’s Outlook for Nifty Bank for the week  (June 12, 2017 – June 16, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.30%. As we have mentioned last week that resistance for the index lies in the zone of 23450 to 23500. If the index manages to close above these levels then the index can move to the levels of around 23700 to 23800 where Fibonacci levels are lying. During the week the index manages to hit a high of 23709 and close the week around the levels of 23691. Minor support for the index lies in the zone of 23450 to 23500. Support for the index lies in the zone of 22900 to 23000 from where the index broke out after consolidation. If the index manages to close below these levels then the index can drift to the levels of 22400 to 22

EquityPandit’s Outlook for Nifty Bank for the week  (June 05, 2017 – June 09, 2017) : NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned last week that minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages and break out levels for the index is lying. During the week the index manages to hit a low of 23092 and close the week around the levels of 23310. Minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci leve

EquityPandit’s Outlook for Nifty Bank for the week  (May 29, 2017 – June 02, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 2.60%. As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 23408 and close the week around the levels of 23362. Minor support for the index lies in the zone of 23000 to 23100. Support for the index lies in the zone of 22400 to 22500 where Fibonacci levels and support for the index is lying. If the index manages to close below these levels then the index can drift to the levels of 22000 to 22100 where short term moving averages

EquityPandit’s Outlook for Nifty Bank for the week  (May 22, 2017 – May 26, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 0.40%. As we have mentioned last week that resistance for the index lies in the zone of 22900 to 23000. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22770. Minor support for the index lies in the zone of 22500 to 22600. Support for the index lies in the zone of 22000 to 22200 from where the index broke out of April-2017 highs and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the

EquityPandit’s Outlook for Nifty Bank for the week  (May 15, 2017 – May 19, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.30%. As we have mentioned last week that resistance for the index lies in the zone of 22800 to 22900. If the index manages to close above these levels then the index can move to the levels of around 23300 to 23400. During the week the index manages to hit a high of 22978 and close the week around the levels of 22672. Minor support for the index lies in the zone of 22450 to 22500. Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple support

EquityPandit’s Outlook for Nifty Bank for the week  (May 08, 2017 – May 12, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.10%. As we have mentioned last week that resistance for the index lies in the zone of 22450 to 22550. If the index manages to close above these levels then the index can move to the levels of around 22800 to 22900. During the week the index manages to hit a high of 22854 and close the week around the levels of 22605. Minor support for the index lies in the zone of 22450 to 22500. Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index has taken multiple suppor

EquityPandit’s Outlook for Nifty Bank for the week  (May 02, 2017 – May 05, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 3.70%. As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 22383 and close the week around the levels of 22358. Support for the index lies in the zone of 21900 to 22000 from where the index broke out of April-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 21400 to 21500 where the index

EquityPandit’s Outlook for Nifty Bank for the week  (April 24, 2017 – April 28, 2017) : NIFTY BANK:     Nifty Bank closed the week on negative note losing around 0.60%. As we have mentioned last week that minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. During the week the index manages to hit a low of 21386 and close the week around the levels of 21551. Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2

EquityPandit’s Outlook for Nifty Bank for the week  (April 17, 2017 – April 21, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.20%. As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 21787 and close the week around the levels of 21687. Minor support for the index lies in the zone of 21400 to 21500. Support for the index lies in the zone of 21000 to 21100 from where the index broke out of February-2017 highs. If the index manages to close below these levels th

EquityPandit’s Outlook for Nifty Bank for the week  (April 10, 2017 – April 13, 2017) : NIFTY BANK:     Nifty Bank closed the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 21700 to 21800 where the index has formed a top in the month of March-2017. If the index manages to close above these levels then the index can move to the levels of 22100 to 22200 where Fibonacci extension is lying. During the week the index manages to hit a high of 21699 and close the week around the levels of 21431. Minor support for the index lies in the zone of 21275 to 21350. Support for the index lies in the zone of 20900 to 21000 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index c

EquityPandit’s Outlook for Nifty Bank for the week  (April 03, 2017 – April 07, 2017) : NIFTY BANK:     Nifty Bank closed the week on positive note gaining around 1.50%. As we have mentioned last week that resistance for the index lies in the zone of 21275 to 21350 where the index is facing resistance. If the index manages to close above these levels for couple of days then the index can move to the levels of 21700 to 21800. During the week the index manages to hit a high of 21696 and close the week around the levels of 21444. Minor support for the index lies in the zone of 21275 to 21350. Support for the index lies in the zone of 20900 to 21000 from where the index broke out of February-2017 highs. If the index manages to close below these levels then the index can drift to the levels

EquityPandit’s Outlook for Nifty Bank for the week (March 27, 2017 – March 31, 2017) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 0.25%. As we have mentioned last week that support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. During the week the index manages to hit a low of 20754 and close the week around the levels of 21122. Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken

EquityPandit’s Outlook for Nifty Bank for the week (March 20, 2017 – March 24, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.20%. As we have mentioned last week that resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600. During the week the index manages to hit a high of 21336 and close the week around the levels of 21175. Support for the index lies in the zone of 20900 to 21000 from where the index broke out on gap up opening. If the index manages to close below these levels then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support. Resist

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2017 – March 17, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.10%. As we have mentioned last week that support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support. During the week the index manages to hit a low of 20530 and close the week around the levels of 20728. Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the in

EquityPandit’s Outlook for Nifty Bank for the week (March 06, 2017 – March 10, 2017) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.80%. As we have mentioned last week that resistance for the index lies in the zone of 20900 to 21000 where the index had made a life time highs. If the index manages to close above these levels for couple of days then the index can move to the levels of 21500 to 21600. During the week the index manages to hit a high of 20905 and close the week around the levels of 20496. Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support. M

EquityPandit’s Outlook for Nifty Bank for the week (February 27, 2017 – March 03, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.60%. As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21012 and close the week around the levels of 20877. Minor support for the index lies in the zone of 20700 to 20750. Support for the index lies in the zone of 20450 to 20500 from where the index broke out of September-2016 highs. If the index manages to close below these l

EquityPandit’s Outlook for Nifty Bank for the week (February 20, 2017 – February 24, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.70%. As we have mentioned last week that resistance for the index lies in the zone of 20600 to 20700 where the index was top out in the month of September-2016. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where the index had made a life time highs. During the week the index manages to hit a high of 21042 and close the week around the levels of 20551. Minor support for the index lies in the zone of 20400 to 20500. Support for the index lies in the zone of 19950 to 20050 where the index has taken multiple support on daily basis. If the index manages to close below th

EquityPandit’s Outlook for Nifty Bank for the week (February 13, 2017 – February 17, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 0.08%. As we have mentioned last week that minor support for the index lies in the zone of 19800 to 19900. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying. During the week the index manages to hit a low of 20000 and close the week around the levels of 20214. Minor support for the index lies in the zone of 19900 to 20000. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to close below these

EquityPandit’s Outlook for Nifty Bank for the week (February 06, 2017 – February 10, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.50%. As we have mentioned last week that resistance for the index lies in the zone of 19900 to 20000 where trend-line joining highs of September-2016 and November-2016 is lying. If the index manages to close above these levels then the index can move to the levels of 20600 to 20700 where the index was top out in the month of September-2016. During the week the index manages to hit a high of 20230 and close the week around the levels of 20197. Minor support for the index lies in the zone of 19800 to 19900. Support for the index lies in the zone of 19300 to 19400 from where the index broke out. If the index manages to cl

EquityPandit’s Outlook for Nifty Bank for the week (January 30, 2017 – February 03, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 4.70%. As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19795 and close the week around the levels of 19708. Support for the index lies in the zone of 19300 to 19400 from where the index broke out on intraday basis. If the index manages to close below these levels then the index can drift to the levels of 18900 to 19000 where Fibonac

EquityPandit’s Outlook for Nifty Bank for the week (January 23, 2017 – January 27, 2017) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 0.50%. As we have mentioned last week that resistance for the index lies in the zone of 18900 to 19000 from where the index was broken down after consolidation and Fibonacci ratios are lying. If the index manages to close above these levels then the index can move to the levels of 19500 to 19600. During the week the index manages to hit a high of 19276 and close the week around the levels of 18821. Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 wh

EquityPandit’s Outlook for Nifty Bank for the week (January 16, 2017 – January 20, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.50%. As we have mentioned last week that resistance for the index lies in the zone of 18500 to 18600 where medium term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 18900 to 19000 from where the index was broken down after consolidation. During the week the index manages to hit a high of 18966 and close the week around the levels of 18912. Support for the index lies in the zone of 18500 to 18600 from where the index broke out on gap up opening on 11/01/2017. If the index manages to close below these levels then the index can drift to the levels of 180

EquityPandit’s Outlook for Nifty Bank for the week (January 09, 2017 – January 13, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 0.50%. As we have mentioned last week that minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17830 and close the week around the levels of 18264. Minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week (January 02, 2017 – January 06, 2017) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.60%. As we have mentioned last week that support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17607 and close the week around the levels of 18177. Minor support for the index lies in the zone of 18000 to 18050. Support for the index lies in the zone of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day.

EquityPandit’s Outlook for Nifty Bank for the week (December 26, 2016 – December 30, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.30%. As we have mentioned last week that support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the wee the index manages to hit a low of 17820 and close the week around the levels of 17884. Support for the index lies in the zone of 17700 to 17800 where long term movi

EquityPandit’s Outlook for Nifty Bank for the week (December 19, 2016 – December 23, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.00%. As we have mentioned last week that minor support for the index lies in the zone of 18400 to 18500 on intraday basis. Support for the index lies in the zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 18122 and close the week around the levels of 1833

EquityPandit’s Outlook for Nifty Bank for the week (December 12, 2016 – December 16, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.50%. As we have mentioned last week that the index has closed around the support zone of 18000 to 18100 from where neck-line of the Inverse H & S pattern formed from August-2015 to July-2016 is lying. If the index closes below these levels then the index can drift to the levels of 17700 to 17800 where long term moving averages are lying. Below these levels the index can drift to the levels of 17000 from where the index has bounced on Brexit day. During the week the index manages to hit a low of 17953 and close the week around the levels of 18696. Minor support for the index lies in the zone of 18400 to 18500 on int

EquityPandit’s Outlook for Nifty Bank for the week (December 05, 2016 – December 09, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.40%. As we have mentioned last week that the index has closed around the support zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016. If the index closes below these levels then the index can drift to the levels of 17600 to 17700 where long term moving averages are lying. During the week the index manages to hit a low of 18164 and close the week around the levels of 18248. The index has closed around the support zone o

EquityPandit’s Outlook for Nifty Bank for the week (November 28, 2016 – December 02, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.40%. As we have mentioned last week that the index has closed just below the levels of 19000 to 19100 where medium term moving averages are lying. Support for the index lies in the zone of 18400 to 18500 where the index has taken support in the month of July-2016 & August-2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 from where the index has bounced on 09/11/2016 and also long term moving averages are lying. During the week the index manages to hit a low of 18215 and close the week around the levels of 18507. The index has closed around the support z

EquityPandit’s Outlook for Nifty Bank for the week (November 21, 2016 – November 25, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 4.00%. As we have mentioned last week that support for the index lies in the zone of 19400 to 19500 levels where the index has opened gap up on 10-11-2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 where medium term moving averages are lying. During the week the index manages to hit a low of 18897 and close the week around the levels of 18959. The index has closed just below the levels of 19000 to 19100 where medium term moving averages are lying. Support for the index lies in the zone of 18400 to 18500 where the index has taken support in the month of July-2

EquityPandit’s Outlook for Nifty Bank for the week (November 15, 2016 – November 18, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.60%. As we have mentioned last week that Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July - 2016 and August - 2016. If the index breaks below these levels then the index can drift to the levels of 18050 to 18200 where the index has formed a gap. During the week the index manages to hit a low of 18144 and close the week around the levels of 19739. Suppor

EquityPandit’s Outlook for Nifty Bank for the week (November 07, 2016 – November 11, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.40%. As we have mentioned last week that minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 18500 where the index has formed a base in the month of July - 2016 and August - 2016. During the week the index manages to hit a low of 18961 and close the week around the levels of 19058. Support for the index lies in the zone of 19000 to 19100 from where the i

EquityPandit’s Outlook for Nifty Bank for the week (November 01, 2016 – November 04, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 0.80%. As we have mentioned last week that resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 19923 and close the week around the levels of 19556. Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation and medium term moving av

EquityPandit’s Outlook for Nifty Bank for the week (October 24, 2016 – October 28, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.60%. As we have mentioned last week that minor resistance for the index lies in the zone of 19300 to 19400. Resistance for the index lies in the zone of 19700 to 19800 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400 where the index has made a top in the month of September - 2016. During the week the index manages to hit a high of 19744 and close the week around the levels of 19711. Minor support for the index lies in the zone of 19400 to 19500. Support for the index lies in the zone of 19000 to 19100 from where the index has br

EquityPandit’s Outlook for Nifty Bank for the week (October 17, 2016 – October 21, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.00%. As we have mentioned last week that Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and closes below these levels then the index will break the up-trend started from March - 2016. During the week the index manages to hit a low of 18824 and close the week around the levels of 19020. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of co

EquityPandit’s Outlook for Nifty Bank for the week (October 10, 2016 – October 14, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 0.60%. As we have mentioned last week that resistance for the index lies in the zone of 19500 to 19700 from where the index has broken down. If the index manages to close above these levels then the index can move to the levels of 20200 to 20400. During the week the index manages to hit a high of 19816 and close the week around the levels of 19400. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. The trend-line joining the lows of March, April, May & June also coincides with the support zone of 19000. If the index breaks below these levels and

EquityPandit’s Outlook for Nifty Bank for the week (October 03, 2016 – October 07, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 3.10%. As we have mentioned last week that minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the top made in the month of August - 2016. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. During the week the index manages to hit a low of 19059 and close the week around the levels of 19286. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks of

EquityPandit’s Outlook for Nifty Bank for the week (September 26, 2016 – September 30, 2016) : NIFTY BANK:     Nifty Bank ended the week on absolutely flat note. As we have mentioned last week that minor resistance for the index lies in the zone of 20200 to 20250. Resistance for the index lies in the zone of 20500 to 20600. If the index manages to close above these levels then the index can move to the levels of 20900 to 21000 where life time high of the index is lying. During the week the index manages to hit a high of 20265 and close the week around the levels of 19902. Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the top made in the month of August - 2016. If the index mana

EquityPandit’s Outlook for Nifty Bank for the week (September 19, 2016 – September 23, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.90%. As we have mentioned last week that minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken out of the 4 weeks of consolidation. During the week the index manages to hit a low of 19730 and close the week around the levels of 19855. Minor support for the index lies in the zone of 19700 to 19750. Support for the index lies in the zone of 19500 to 19550 from where

EquityPandit’s Outlook for Nifty Bank for the week (September 12, 2016 – September 16, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.80%. As we have mentioned last week that Resistance for the index lies in the zone of 19900 to 20000. If the index manages to close above these levels then the index can move to the levels of 20350 to 20450. During the week the index manages to hit a high of 20576 and close the week around the levels of 20245. Minor support for the index lies in the zone of 19925 to 20000. Support for the index lies in the zone of 19500 to 19550 from where the index broke out of the short term top. If the index manages to close below these levels then the index can drift to the levels of 19000 to 19100 from where the index has broken

EquityPandit’s Outlook for Nifty Bank for the week (September 06, 2016 – September 09, 2016) : NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.60%. As we have mentioned last week that resistance for the index lies in the zone of 19450 to 19500 where the index has formed a short term top. If the index manages to close above these levels then the index can move to the levels of 19900 to 20000. During the week the index manages to hit a high of 19928 and close the week around the levels of 19883. Minor support for the index lies in the zone of 19500 to 19580. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week (August 29, 2016 – September 02, 2016) : NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.10%. As we have mentioned last week that support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are lying. During the week the index manages to hit a low of 19134 and close the week around the levels of 19196. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels

EquityPandit’s Outlook for Nifty Bank for the week (August 22, 2016 – August 26, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.40%. As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July - 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19457 and close the week around the levels of 19415. Support for the index lies in the zone of 19000 to 19100 from where the index has broken out of the 4 weeks consolidation. If the index manages to close below these levels then the index can drift to the levels of 18500 to 18600 where short term moving averages are

EquityPandit’s Outlook for Nifty Bank for the week (August 16, 2016 – August 19, 2016): NIFTY BANK:     Nifty Bank ended the week on absolutely flat note. As we have mentioned last week that minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 where short term moving averages are lying. During the week the index manages to hit a low of 18537 and close the week around the levels of 18963. Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the inde

EquityPandit’s Outlook for Nifty Bank for the week (August 08, 2016 – August 12, 2016): NIFTY BANK:     Nifty Bank ended the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July - 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19078 and close the week around the levels of 18926. Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 18000 to 18100 wher

EquityPandit’s Outlook for Nifty Bank for the week (August 01, 2016 – August 05, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.40%. As we have mentioned last week that minor resistance for the index lies in the zone of 18850. Resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July - 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19127 and close the week around the levels of 18953. Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below th

EquityPandit’s Outlook for Nifty Bank for the week (July 25, 2016 – July 29, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.40%. As we have mentioned last week that resistance for the index lies in the zone of 19100 to 19200 from where the index has sold off in the month of July - 2015. If the index manages to close above these levels then the index can move to the levels of 20000. During the week the index manages to hit a high of 19158 and close the week around the levels of 18690. Minor support for the index lies in the zone of 18450 to 18500. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the levels of 17600 to 1

EquityPandit’s Outlook for Nifty Bank for the week (July 18, 2016 – July 22, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 5.20%. As we have mentioned last week that resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 19016 and close the week around the levels of 18954. Minor support for the index lies in the zone of 18600 to 18700. Support for the index lies in the zone of 18100 to 18200 where the index has opened gap up on 11/07/2016. If the index manages to close below these levels then the index can drift to the le

EquityPandit’s Outlook for Nifty Bank for the week (July 11, 2016 – July 15, 2016): NIFTY BANK:   Nifty Bank ended the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18146 and close the week around the levels of 18016. Minor support for the index lies in the zone of 17800 to 17900. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 whe

EquityPandit’s Outlook for Nifty Bank for the week (July 04, 2016 – July 08, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.20%. As we have mentioned last week that minor resistance for the index lies around the levels of 17600. Resistance for the index lies in the zone of 18100 to 18200 where the index has created gap on gap down opening in the month of Aug - 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18075 and close the week around the levels of 17985. Minor support for the index lies in the zone of 17500 to 17600. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the ind

EquityPandit’s Outlook for Nifty Bank for the week (June 27, 2016 – July 01, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.50%. As we have mentioned last week that minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying. During the week the index manages to hit a low of 16946 and close the week around the levels of 17426. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the le

EquityPandit’s Outlook for Nifty Bank for the week (June 20, 2016 – June 24, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 0.70%. As we have mentioned last week that minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying. During the week the index manages to hit a low of 17528 and close the week around the levels of 17696. Minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close

EquityPandit’s Outlook for Nifty Bank for the week (June 13, 2016 – June 17, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 0.80%. As we have mentioned last week that resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct - 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 18052 and close the week around the levels of 17829. Minor support for the index lies in the zone of 17500. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily

EquityPandit’s Outlook for Nifty Bank for the week (June 06, 2016 – June 10, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.00%. As we have mentioned last week that resistance for the index lies in the zone of 18000 from where the index has sold off in the month of Oct - 2015. If the index manages to close above these levels then the index can move to the levels of 19000. During the week the index manages to hit a high of 17762 and close the week around the levels of 17681. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index can drift to the levels of 16500 where 200 Daily SMA is lying. Resistance for the index lies in the

EquityPandit’s Outlook for Nifty Bank for the week (May 30, 2016 – June 03, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 6.30%. As we have mentioned last week that minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 15400 to 15500 from where the index has bounced in the month of April - 2016. During the week the index manages to hit a low of 16368 and close the week around the levels of 17512. Support for the index lies in the zone of 17000 from where the index has broken out of the double top formation. If the index manages to close below these levels then the index ca

EquityPandit’s Outlook for Nifty Bank for the week (May 23, 2016 – May 27, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 1.40%. As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan - 2016. During the week the index manages to hit a high of 16903 and close the week around the levels of 16481. Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these leve

EquityPandit’s Outlook for Nifty Bank for the week (May 16, 2016 – May 20, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.60%. As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan - 2016. During the week the index manages to hit a high of 16962 and close the week around the levels of 16714. Minor support for the index lies in the zone of 16200. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these lev

EquityPandit’s Outlook for Nifty Bank for the week (May 09, 2016 – May 13, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 3.00%. As we have mentioned last week that strong resistance zone for the index lies in the range of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan - 2016. During the week the index manages to hit a high of 16719 and close the week around the levels of around 16300. Support for the index lies in the zone of 15800 to 16000 where 100 Daily SMA are lying. If the index manages to close below these levels then the index can drift to the levels of 154

EquityPandit’s Outlook for Nifty Bank for the week (May 02, 2016 – May 06, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 0.40%. As we have mentioned last week that the index has closed around the strong resistance zone of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. If the index manages to close above these levels then the index can move to the levels of 17100 from where the index sold off in the month of Jan - 2016. During the week the index manages to hit a high of 17030 and close the week around the levels of 16767. Minor support for the index lies in the zone of 16400 to 16500 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to

EquityPandit’s Outlook for Nifty Bank for the week (April 25, 2016 – April 29, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.70%. As we have mentioned last week that minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily SMA are lying. During the week the index manages to hit a low of 16012 and bounce to close the week around the levels of 16720. Minor support for the index lies in the zone of 16300 to 16400 where the index has opened gap up on 21/04/2016. If the index manages to close below these levels then the index can drift to the levels

EquityPandit’s Outlook for Nifty Bank for the week (April 18, 2016 – April 22, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 4.60%. As we have mentioned last week that minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where short term moving averages are lying. During the week the index manages to hit a low of 15440 and bounce to close the week around the levels of 16279. Minor support for the index lies in the zone of 15950 to 16050 where the index has opened gap up on 13/04/2016. If the index manages to close below these levels then the index can drift to the levels of 15500 to 15700 where short term moving averages and 100 Daily

EquityPandit’s Outlook for Nifty Bank for the week (April 11, 2016 – April 13, 2016): NIFTY BANK:     Nifty Bank ended the week on negative note losing around 3.60%. As we have mentioned last week that resistance for the index lies in the zone of 16300 to 16400 where the index has opened the gap down on 07/01/2016. If the index manages to close above these levels then the index can move to the levels of 16800 to 17000 where 200 & 500 Daily SMA and trend-line joining earlier highs is lying. During the week the index manages to hit a high of 16278 and sold off to close the week around the levels of 15590. Minor support for the index lies in the range of 15400 to 15500. If the index manages to close below these levels then the index can drift to the levels of 15000 to 15200 where sho

EquityPandit’s Outlook for Nifty Bank for the week (April 04, 2016 – April 08, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.70%. As we have mentioned last week that minor support for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September - 2015. Support for the index lies in the zone of 15000 to 15200 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 14750 where the index has opened with a gap up on 02-03-2016. During the week the index manages to hit a low of 15522 and bounce to close the week around the levels of 16165. Support for the index lies in the zone of 15700 to 15900 where 100 Daily SMA is lying. If the inde

EquityPandit’s Outlook for Nifty Bank for the week (March 28, 2016 – April 01, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.50%. As we have mentioned last week that the index has closed around the resistance zone of 15600 to 15800 where the index has made a low in the month of September - 2015. If the index manages to close above this levels then the index can move to the levels of 16000 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15968 and close the week around the levels of 15888. Minor support for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September - 2015. Support for the index lies in the zone of 15000 to 15200 where short term moving averages are lying. If

EquityPandit’s Outlook for Nifty Bank for the week (March 21, 2016 – March 23, 2016): NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 3.20%. As we have mentioned last week that resistance for the index lies in the zone of 15600 to 15800 where the index has made a low in the month of September - 2015. If the index manages to close above this levels then the index can move to the levels of 16200 where 100 Daily SMA is lying. During the week the index manages to hit a high of 15705 and close around the levels of 15650. Support for the index lies in the zone of 15000 where short term moving averages are lying. If the index manages to close below this levels then the index can drift to the levels of 14750 where the index has opened with a gap up on 02-03-2016.

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2016 – March 18, 2016):   NIFTY BANK:     Nifty Bank ended the week on negative note losing around 0.90%. As we have mentioned last week that support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this levels then the index can drift to the levels of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov - 2010) and 13400 (May - 2013) is lying. During the week the index manages to hit a low of 14990 and close the week around the levels of 15199. Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this

EquityPandit’s Outlook for Nifty Bank for the week (March 08, 2016 – March 11, 2016):   NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 11.60%. As we have mentioned last week that major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov - 2010) and 13400 (May - 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts. During the week the index manages to hit a low of 13407 and bounce to close the week around the levels of 15395. Support for the index lies in the zone of 14500 to 14700 where the index has made a gap on 02-03-2016. If the index manages to close below this le

EquityPandit’s Outlook for Nifty Bank for the week (February 29, 2016 – March 04, 2016):   NIFTY BANK:         Nifty Bank ended the week on negative note losing around 3.70%. As we have mentioned last week that major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov - 2010) and 13400 (May - 2013) is lying. If the index closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts. During the week the index manages to hit a low of 13520 and bounce to close the week around the levels of 13815. Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining ea

EquityPandit’s Outlook for Nifty Bank for the week (February 22, 2016 – February 26, 2016):   NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 2.70%. As we have mentioned last week that resistance for the index lies in the zone of 14500 to 14800 where channel resistance for the index is lying. If the index manages to close above this levels then the index can move to the levels of 15200. During the week the index manages to hit a high of 14602 and close the week around the levels of 14345. Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov - 2010) and 13400 (May - 2013) is lying. If the index closes below this levels on weekly closing basis then the inde

EquityPandit’s Outlook for Nifty Bank for the week (February 15, 2016 – February 19, 2016):   NIFTY BANK:     Nifty Bank ended the week on negative note losing around 8.20%. As we have mentioned last week that support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 13810 and close around the levels of 13920. Major support for the index lies in the zone of 13500 to 13800 where 1000 Daily SMA, 200 Weekly SMA and trend-line joining earlier highs of 13300 (Nov - 2010) and 13400 (May - 2013) is lying. If the index close

EquityPandit’s Outlook for Nifty Bank for the week (February 08, 2016 – February 12, 2016):   NIFTY BANK:     Nifty Bank ended the week on negative note losing around 2.00%. As we have mentioned last week that support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 14761 and bounce to close the week around the levels of 15209. Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week (February 01, 2016 – February 05, 2016):   NIFTY BANK:     Nifty Bank ended the week on absolutely flat note. As we have mentioned last week that resistance for the index lies in the zone of 15800 to 16000 from where the index has broken down the medium term bottom. If the index manages to close above this levels then the index can move to the levels of 16300 to 16500 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a high of 15683 and retraced to close the week around the levels of 15516. Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the le

EquityPandit’s Outlook for Nifty Bank for the week (January 25, 2016 – January 29, 2016):   NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.90%. As we have mentioned last week that support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned. During the week the index manages to hit a low of 14755 and bounce to close the week around the levels of 15500. Support for the index lies in the zone of 14800 to 15000 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the

EquityPandit’s Outlook for Nifty Bank for the week (January 18, 2016 – January 22, 2016):   NIFTY BANK:     Nifty Bank ended the week on negative note losing around 5.80%. As we have mentioned last week that support for the index lies in the zone of 15700 to 15800 where the index has formed a bottom in the month of Sep - 2015. If the index closes below this levels then the index can drift to the levels of 14800 to 15300 where the channel support for the index is positioned. During the week the index manages to hit a low of 15154 and close the week around the lowest levels. Support for the index lies in the zone of 14800 to 15300 where the channel support for the index is positioned. If the index manages to close below this levels then the index can drift to the levels of 13800

EquityPandit’s Outlook for Nifty Bank for the week (January 11, 2016 – January 15, 2016):   NIFTY BANK:     Nifty Bank ended the week on negative note losing around 5.10%. As we have mentioned last week that index has closed around the strong resistance zone of 16900 to 17100 where short term moving averages are lying. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying. During the week the index manages to hit a low of 16050 and close the week around the lowest levels. Support for the index lies in the zone of 15700 to 15800 where the index has formed a botto

EquityPandit’s Outlook for Nifty Bank for the week (January 04, 2016 – January 08, 2016):   NIFTY BANK:     Nifty Bank ended the week on positive note gaining around 1.30%. As we have mentioned last week that resistance for the index lies in the zone of 16900 to 17100 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17400 where 100 Daily SMA is positioned. During the week the index manages to hit a high of around 17067 and virtually close at the highest levels. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the levels of 15800 to 16000 where tre

EquityPandit’s Outlook for Nifty Bank for the week (December 28, 2015 – January 01, 2016):   NIFTY BANK:         Nifty Bank ended the week on positive note gaining around 1.40%. As we have mentioned last week that resistance for the index lies in the zone of 16800 to 17000 where short term moving averages are lying. If the index manages to close above this levels then the index can move to the levels of 17500 where 100 Daily SMA is positioned. During the week the index manages to hit a high of 16946 and retraced to close the week around the levels of 16833. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can drift to the leve

EquityPandit’s Outlook for Nifty Bank for the week (December 21, 2015 – December 24, 2015):   NIFTY BANK:         Nifty Bank ended the week on positive note gaining around 1.60%. As we have mentioned last week that the support for the index lies in the zone of 15800 to 16000 where trend-line and 500 Daily SMA are lying. If the index closes below this levels then the index can drift to the levels of 15100 where trend-line joining earlier lower lows is positioned. During the week the index manages to hit a low of 16188 and bounce to close the week around the levels of 16600. Support for the index lies in the zone of 16500 where neckline of the Head & Shoulder pattern and 100 Weekly SMA are positioned. If the index closes below this levels then the index can d

EquityPandit’s Outlook for Nifty Bank for the week (December 14, 2015 – December 18, 2015):   NIFTY BANK:         Nifty Bank ended the week on negative note losing around 3.20%. As we have mentioned last week that the support for the index lies in the zone of 16600 to 16800 from where the index has bounced twice in last 2 months. If the index closes below this levels then the index can drift to the levels of 16000 to 16100 where 500 Daily SMA and 100 Weekly SMA are positioned. During the week the index manages to hit a low of 16260 and close at virtually the lowest levels of the week. Support for the index lies in the zone of 15800 to 16000 where trend-line and 500 Daily SMA are lying. If the index closes below this levels then the index can drift to the levels

EquityPandit’s Outlook for Nifty Bank for the week (December 07, 2015 – December 11, 2015):   NIFTY BANK:         Nifty Bank ended the week on negative note losing around 2.60%. As we have mentioned last week that the support for the index lies in the zone of 17100 to 17200 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 16800 where trend-line support for the index is positioned. During the week the index manages to hit a low of 16880 and virtually close at the lowest levels. Support for the index lies in the zone of 16600 to 16800 from where the index has bounced twice in last 2 months. If the index closes below this levels then the index can drift to the levels of 16000 to 16100

EquityPandit’s Outlook for Nifty Bank for the week (November 30, 2015 – December 04, 2015):   NIFTY BANK:         Nifty Bank ended the week on positive note gaining around 1.80%. As we have mentioned last week that the resistance for the index lies in the zone of 17300 where short term moving averages are positioned. If the index manages to close above the levels of 17300 then the index can move to the levels of 17800 where 100 Daily SMA are positioned. During the week the index manages to hit a high of 17404 and close the week around the levels of 17360. Support for the index lies in the zone of 17100 to 17200 where short term moving averages are positioned. If the index closes below this levels then the index can drift to the levels of 16800 where trend-line

EquityPandit’s Outlook for Nifty Bank for the week (November 23, 2015 – November 27, 2015):   NIFTY BANK:         Nifty Bank ended the week on positive note gaining around 0.70%. As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16787 but the index manages to close above the levels of 17050. Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the

EquityPandit’s Outlook for Nifty Bank for the week (November 16, 2015 – November 20, 2015):   NIFTY BANK:         Nifty Bank ended the week on negative note losing around 1.0%. As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16587 but the index manages to close above the levels of 16800. Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the i

EquityPandit’s Outlook for Bank Nifty for the week (November 09, 2015 – November 13, 2015):   BANK NIFTY:         Bank Nifty ended the week on negative note losing around 1.4%. As we have mentioned last week that the support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the index can drift to the levels of 16000 where trend-line and channel support for the index is positioned. During the week the index manages to hit a low of 16911 and bounce to close the week around the levels of 17114. Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the in

EquityPandit’s Outlook for Bank Nifty for the week (November 02, 2015 – November 06, 2015):   BANK NIFTY:       Bank Nifty ended the week on negative note losing around 3.3%. As we have mentioned last week that the index has closed above the resistance zone of 17880 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18300 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 18029 and sold off to close the week around the levels of 17339. Support for the index lies in the zone of 16800 to 17000 where channel support for the index is lying. If the index breaks below this levels on closing basis then the

EquityPandit’s Outlook for Bank Nifty for the week (October 26, 2015 – October 30, 2015):   BANK NIFTY:         Bank Nifty ended the week on absolutely flat note. As we have mentioned last week that the index has closed around the resistance zone of 18000 where 100 Daily SMA is positioned. If the index manages to close above the levels of 18000 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17980 and close the week around the levels of 17935. Support for the index lies in the zone of 17500 to 17700. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the

EquityPandit’s Outlook for Bank Nifty for the week (October 19, 2015 – October 23, 2015):   BANK NIFTY:         Bank Nifty ended the week on positive note gaining around 2.0%. As we have mentioned last week that if the index manages to close above the levels of 17800 then the index can move to the levels of 18000 to 18500 where 100 & 200 Daily SMA and channel resistance for the index are positioned. During the week the index manages to hit a high of 17947 and virtually close around the high levels of the week. Support for the index lies in the zone of 17300 to 17500. If the index closes below this levels then the index can move to the levels of 16800 to 17000 where channel support for the index is lying. The index has closed around the resistance zone of

EquityPandit’s Outlook for Bank Nifty for the week (October 12, 2015 – October 16, 2015):   BANK NIFTY:         Bank Nifty ended the week on positive note gaining around 2.4%. As we have mentioned last week that the index has been facing stiff resistance around the levels of 17500 to 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned. During the week the index struggle to move above the levels of 17600 to 17750. Support for the index lies in the zone of 17000 to 17200. If the index closes below this levels then the index can move to the levels of 16000 to 16500 where channel support for the index is lying. If the index manages to clo

EquityPandit’s Outlook for Bank Nifty for the week (October 05, 2015 – October 09, 2015):   BANK NIFTY:         Bank Nifty ended the week on absolutely flat note. As we have mentioned last week that support for the index lies in the zone of 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000. During the week the index manages to hit a low of 16648 and bounce back to close the week around the levels of 17151. The index has been facing stiff resistance around the levels of 17500 to 17600. If the index manages to move above the levels of 17600 on closing basis then the index can move to the levels of 18000 to 18500 where 100 and 200 Daily SMA are positioned. Support for the index lies in the zone of 1650

EquityPandit’s Outlook for Bank Nifty for the week (September 28, 2015 – October 02, 2015):   BANK NIFTY:         Bank Nifty ended the week on negative note losing around 1.2%. As we have mentioned last week that support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can drift to the levels of 16000. During the week the index manages to hit a low of 16759 and bounce back to close the week around the levels of 17196. Next week on 29/09/2015, RBI is announcing the credit policy. So we expect the markets to be highly volatile and the policy will decide the further direction of the markets. The index has been facing stiff resistance around the levels of 17600. If the index manages t

EquityPandit’s Outlook for Bank Nifty for the week (September 21, 2015 – September 25, 2015):   BANK NIFTY:     Bank Nifty ended the week on positive note gaining around 5%. As we have mentioned last week that if the index breaks above the levels of 16780, then the index can move to the levels of 17200 to 17500 from where the index was sold off and the index manages to hit a high of 17602 on 18/09/2015 but could not close above the levels of 17500. Coming week will be the expiry week so index can be highly volatile. Options data suggest that the index should move in the range of 16500 on downside and 18000 on upside during the week. Support for the index lies in the range of 16500 to 16750. If the index drifts below the level of 16500 on closing basis then the index can dri

EquityPandit’s Outlook for Bank Nifty for the week (September 14, 2015 – September 18, 2015):   BANK NIFTY:     Bank Nifty ended the week on positive note gaining around 3%. As we have mentioned last week that if the index breaks below the levels of 16000 on closing basis where downward moving trend-line is positioned, the index can drift to the levels of 15200 where 500 Daily SMA is positioned and the index manages to hit a low of 15762 and bounce back above the levels of 16000. Technically the index is trading below short term and long term moving averages which suggest the index is trading very weak. As we have mentioned last week that if the index manages to move above the levels of 16500 the index can move to the levels of 17000, but the index manages to hit a high of

EquityPandit’s Outlook for Bank Nifty for the week (September 07, 2015 – September 11, 2015):   BANK NIFTY:     Bank Nifty ended the week on negative note losing more than 6%. As we have mentioned last week that if the index breaks below the levels of 16600 the index can drift to the levels of 15500 and the index hit a low of 15933 during the week. As we have suggested last week that if the index closes above the levels of 17500 the index can move to the levels of 18000 to 18500 from where the index has broken down, but the index manages to hit a high of 17353 during the week. Coming week we can expect the markets to be quite volatile and broad range for the week can be 15000 on downside to 17000 on upside. Technically the index is trading below short term and long term mov

EquityPandit’s Outlook for Bank Nifty for the week (August 31, 2015 – September 04, 2015):   BANK NIFTY:     Bank Nifty ended the week on negative note losing more than 4.50%. Global jitters hit the markets all over the world and all the global markets where down between 3% to 7%. During the week the index has taken support around the channel support lying around the levels of 16600. If during the week the index breaks below the levels of 16600 the index can drift to the levels of 15500. If the index closes above the levels of 17500 the index can move to the levels of 18000 to 18500 from where the index has broken down. Coming week we can expect the markets to be quite volatile and broad range for the week can be 16000 on downside to 18000 on upside. Technically the i

EquityPandit’s Outlook for Bank Nifty for the week (August 24, 2015 – August 28, 2015):   BANK NIFTY:     Bank Nifty ended the week on negative note losing more than 3.50%. On 21/08/2015, the index broke below the levels of 18000 but manages to close above the levels of 18000. As seen from the chart the index is holding the downward moving channel support around the levels of 17900. Below the levels of 17800 the index can drift to the levels of 17300. Next week will be the expiry week and the index will be moving according to the options position. 17500 & 18000 Put options have close to 4.00 to 6.00 lacs shares outstanding. So we think the index will hold the levels of 17800 till expiry. 18500 & 19000 Call options have close to 5.00 to 10.00 lacs shares outsta

EquityPandit’s Outlook for Bank Nifty for the week (August 17, 2015 – August 21, 2015):   BANK NIFTY:     Bank Nifty ended the week on negative note losing around 1%. As we have been mentioning since last 2 weeks that the index is facing significant resistance around the zone of 19100 to 19200 levels where upper end of downward sloping channel is positioned, this week also the index has hit a high of 19070 levels and retraced back to the levels of 18030 before closing the week around the levels of 18730. As we have mentioned last week that if 18800 on the index is broken the index can drift to the levels of 18650 where short term moving averages are positioned. Around the zone of 18400 - 18500 the index has major support where 100 Daily SMA and 200 Daily SMA are positioned, bu

EquityPandit’s Outlook for BankNifty for week (August 10, 2015 – August 14, 2015):   BANKNIFTY:     Bank Nifty ended the week on positive note gaining around 1%. As we have been mentioning since last 2 weeks that the index is facing significant resistance around the zone of 19100 to 19200 levels where upper end of downward sloping channel is positioned, this week also the index has hit a high of 19103 levels and retraced back to the levels of 18800 before closing the week around the levels of 18900. Since last 3 days the index has been consolidating in the range of 18800 on downside to 19100 on upside. If 18800 on the index is broken the index can drift to the levels of 18650 where short term moving averages are positioned. Around the zone of 18400 - 18500 the index has major s

EquityPandit’s Outlook for Bank Nifty for week (August 03, 2015 – August 07, 2015):   BANK NIFTY:   Bank Nifty ended the week on absolutely flat note. As we have suggested last week that the index has formed a Bearish engulfing pattern on weekly charts and index corrected to the levels of 18187 before recovering to end the week on high around the levels of 18700. This week the index has formed a Hammer pattern in downtrend indicating the trend reversal. As seen from the charts above if the index manages to close above the levels of 18850 the index can move to the levels of 19200 where upper end of downward sloping channel is positioned. On 04/08/2015, RBI is announcing the quarterly policy which will decide the direction of the markets going forward. Technically the support for the ind

EquityPandit’s Outlook for Bank Nifty for week (July 27, 2015 – July 31, 2015):   BANK NIFTY:   Bank Nifty ended the week with the loss of more than 2% . As we have been suggesting since last 2 weeks that the index has to move above the trend-line resistance positioned around the levels of 19300 but index does not move above that levels for the second time and the index sold off to the levels of 18600. The index has formed a Bearish engulfing pattern on weekly charts which may suggest the end of the uptrend. The index has to sustain over 19200 levels to negate this pattern. As we are approaching in the expiry week the index can be volatile in the range of around 18300 on downside to 19200 on upside. Options data suggest the logical support for the index on downside can be in the zone of

EquityPandit’s Outlook for BankNifty for week (July 20, 2015 – July 24, 2015):   BANK NIFTY:       Bank Nifty ended the week with the gain of around 2% . During the week as we have suggested the index is approaching towards the strong resistance zone of 18900 to 19100 where trend-line and upward moving channel are positioned and the index hit the high of 18940 and retraced back to the levels of 18700. On 16/07/2015, the index broke above the resistance zone of 19000 and the index can move to the levels of 19300 where downward sloping channel is positioned. Above the levels of 19400 we can see index moving to the levels of 19700 where channel resistance is lying. Support for the index lies in the zone of 18500 to 18700 where short term moving averages, long term moving averages

EquityPandit’s Outlook for BankNifty for week (July 13, 2015 – July 17, 2015):   BANKNIFTY:       BankNifty ended the week on absolutely flat note. As we have suggested the index is approaching towards the strong resistance zone of 18900 to 19100 where trend-line and upward moving channel are positioned and the index hit the high of 18980 during the week and retraced back to the levels of 18400. The index has been out-performing the Nifty and ended the week on flat note. Above the resistance zone of 19000 the index can move to the levels of 19400 where downward sloping channel is positioned. Support for the index lies in the zone of 18300 to 18500 where short term moving averages, long term moving averages and trend-line are positioned. Range for the week is seen from 18300 t

EquityPandit’s Outlook for BankNifty and its major components for week (June 22, 2015 – June  26, 2015): BankNifty     For the week, Bank Nifty ended with the gain of around 2% highly underperforming the Nifty which gained close to 3%. As we have suggested last week that the index has formed a doji on weekly chart in downtrend which may suggest exhaustion of selling pressure and the index bounced back from the levels of 17300.  The index is entering  into strong resistance zone of 18000 where medium term and long term moving averages are lying. 200 Daily SMA and 50 Daily EMA are lying around the levels of 18000 which will provide stiff resistance to any upside momentum. Call options in 18000 strike price has close to 6.00 lacs outstanding which will provide resistance to the index. Broa