Tag Archives: Bank Nifty Outlook

Nifty Bank Outlook for the Week (March 08, 2016 – March 11, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (March 08, 2016 – March 11, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 14500 to 14700 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (February 29, 2016 – March 04, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 29, 2016 – March 04, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

 

 

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 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.

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.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 22, 2016 – February 26, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 22, 2016 – February 26, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 index can witness the major breakdown on long term charts.

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.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 15, 2016 – February 19, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 15, 2016 – February 19, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 closes below this levels on weekly closing basis then the index can witness the major breakdown on long term charts.

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.

Range for the week is seen from 13500 to 13600 on downside to 14500 to 14700 on upside.

Nifty Bank Outlook for the Week (February 08, 2016 – February 12, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 08, 2016 – February 12, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

Resistance for the index lies in the zone of 15600 to 15800 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.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (February 01, 2016 – February 05, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (February 01, 2016 – February 05, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

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.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 25, 2016 – January 29, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 25, 2016 – January 29, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 13800 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

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.

The index has formed a Hammer pattern in a downtrend around the strong support zone indicating the trend reversal.

Range for the week is seen from 14800 to 15000 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 18, 2016 – January 22, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 18, 2016 – January 22, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 to 14200 where 1000 Daily SMA and 200 Weekly SMA are positioned.

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.

Range for the week is seen from 14200 to 14500 on downside to 15800 to 16000 on upside.

Nifty Bank Outlook for the Week (January 11, 2016 – January 15, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 11, 2016 – January 15, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 16300 to 16500 where 500 Daily SMA and 100 weekly SMA are positioned. If the index manages to close above this levels then the index can move to the levels of 17000 where 100 Daily SMA is lying.

Range for the week is seen from 15300 to 15500 on downside to 16500 to 16700 on upside.

Nifty Bank Outlook for the Week (January 04, 2016 – January 08, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (January 04, 2016 – January 08, 2016):

 

NIFTY BANK:

 

BANKNIFTY

 

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 trend-line and 500 Daily SMA are lying.

Index has closed around the strong resistance 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 17300 where 100 Daily SMA is positioned.

Range for the week is seen from 16500 to 16700 on downside to 17300 to 17500 on upside.

Nifty Bank Outlook for the Week (December 28, 2015 – January 01, 2016)

EquityPandit’s Outlook for Nifty Bank for the week (December 28, 2015 – January 01, 2016):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

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.

Range for the week is seen from 16500 to 16600 on downside to 17100 to 17200 on upside.

Nifty Bank Outlook for the Week (December 21, 2015 – December 24, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 21, 2015 – December 24, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 drift to the levels of 15800 to 16000 where trend-line and 500 Daily SMA are lying.

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.

Range for the week is seen from 16000 to 16200 on downside to 16900 to 17100 on upside.

Nifty Bank Outlook for the Week (December 14, 2015 – December 18, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 14, 2015 – December 18, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 of 15100 where trend-line joining earlier lower lows is positioned.

The index has broken down from the Head & Shoulder pattern from the levels of 16550. Immediate resistance for the index lies in the zone of 16550. If the index manages to close above this levels then the index can move to the levels of 17000 where short term moving averages are lying.

Range for the week is seen from 15800 to 16000 on downside to 16600 to 16800 on upside.

Nifty Bank Outlook for the Week (December 07, 2015 – December 11, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (December 07, 2015 – December 11, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 where 500 Daily SMA and 100 Weekly SMA are positioned.

Resistance for the index lies in the zone of 17150 to 17250 where short term moving averages are positioned. If the index manages to close above this levels then the index can move to the levels of 17600 where 100 Daily SMA is lying.

Range for the week is seen from 16500 to 16600 on downside to 17200 to 17300 on upside.

Nifty Bank Outlook for the Week (November 30, 2015 – December 04, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 30, 2015 – December 04, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 support for the index is positioned.

The index has closed around the resistance zone of 17300. If the index manages to hold to this levels then the index can move to the levels of 17700 to 18000 where 100 & 200 Daily SMA are lying.

Range for the week is seen from 16800 to 17000 on downside to 17700 to 18000 on upside.

Nifty Bank Outlook for the Week (November 23, 2015 – November 27, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 23, 2015 – November 27, 2015):

 

NIFTY BANK:

 

 

BANKNIFTY

 

 

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 index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

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.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Nifty Bank Outlook for the Week (November 16, 2015 – November 20, 2015)

EquityPandit’s Outlook for Nifty Bank for the week (November 16, 2015 – November 20, 2015):

 

NIFTY BANK:

 

 

NIFTYBANK

 

 

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 index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Bank Nifty Outlook for the Week (November 09, 2015 – November 13, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 09, 2015 – November 13, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17500 where short term moving averages are positioned. If the index manages to close above the levels of 17500 then the index can move to the levels of 18000 where 100 Daily SMA are positioned.

Range for the week is seen from 16300 to 16500 on downside to 17500 to 17700 on upside.

Bank Nifty Outlook for the Week (November 02, 2015 – November 06, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (November 02, 2015 – November 06, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

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 index can drift to the levels of 16000 where trend-line and channel support for the index is positioned.

Resistance for the index lies in the zone of 17700 to 17900 where trend-line and 100 Daily SMA are 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.

Range for the week is seen from 16600 to 16800 on downside to 18000 to 18200 on upside.

Bank Nifty Outlook for the Week (October 26, 2015 – October 30, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 26, 2015 – October 30, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 index is lying.

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.

Range for the week is seen from 17500 to 17700 on downside to 18300 to 18500 on upside.

Bank Nifty Outlook for the Week (October 19, 2015 – October 23, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 19, 2015 – October 23, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 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.

Range for the week is seen from 17300 to 17500 on downside to 18300 to 18500 on upside.

Bank Nifty Outlook for the Week (October 12, 2015 – October 16, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 12, 2015 – October 16, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 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.

Range for the week is seen from 16500 to 16750 on downside to 18000 to 18300 on upside.

Bank Nifty Outlook for the Week (October 05, 2015 – October 09, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (October 05, 2015 – October 09, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000 where 500 Daily SMA and 100 Weekly SMA are positioned.

On daily charts the index is forming a Inverse Head & Shoulder pattern in which the neckline is positioned around the levels of 17500 to 17600. If the index manages to close above this levels with heavy volumes then the index can move to the levels of 18000 to 18500. Targets for this pattern can be in the range of 19000.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 28, 2015 – October 02, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 28, 2015 – October 02, 2015):

 

BANK NIFTY:

 

 

BANKNIFTY

 

 

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 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 16500 to 16750. If the index closes below this levels then the index can move to the levels of 15750 to 16000.

The index has formed a Doji pattern on weekly charts in an uptrend indicating the indecision amongst the traders about the further direction of the index.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 21, 2015 – September 25, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 21, 2015 – September 25, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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 drift to the levels of 16000.

Resistance for the index lies in the range of 17500 to 18000. If the index moves above this levels on closing basis then the index can move to the levels of 18500.

Range for the week is seen from 16000 to 16500 on downside to 17500 to 18000 on upside.

Bank Nifty Outlook for the Week (September 14, 2015 – September 18, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 14, 2015 – September 18, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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 16781 during the week.

Next week if the index breaks below the levels of 15760, then the index can drift to the levels of 15200, where 500 Daily SMA is positioned.

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.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Bank Nifty Outlook for the Week (September 07, 2015 – September 11, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (September 07, 2015 – September 11, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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 moving averages which suggest the index is trading very weak.

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.

If the index manages to move above the levels of 16500 the index can move to the levels of 17000.

Range for the week is seen from 15000 to 15500 on downside to 17000 to 17500 on upside.

Bank Nifty Outlook for the Week (August 31, 2015 – September 04, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 31, 2015 – September 04, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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 index is trading below short term and long term moving averages which suggest the index is trading very weak.

Range for the week is seen from 15500 to 16000 on downside to 18000 to 18500 on upside.

Bank Nifty Outlook for the Week (August 24, 2015 – August 28, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 24, 2015 – August 28, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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 outstanding. So we think the index will face stiff resistance around the levels of 18300 to 18500.

Technically the index is trading below short term and long term moving averages.

Range for the week is seen from 17500 to 17800 on downside to 18300 to 18500 on upside.

Bank Nifty Outlook for the Week (August 17, 2015 – August 21, 2015)

EquityPandit’s Outlook for Bank Nifty for the week (August 17, 2015 – August 21, 2015):

 

BANK NIFTY:

 

BANKNIFTY

 

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, but the index drifted to the levels of 18000 where upwards moving trend-line was positioned.

Support for the index lies in the zone of 18000 to 18300 where short term and long term moving averages are positioned.

Resistance for the index lies in the zone of 19000 where downward sloping channel is positioned above which the index can move to the levels of 19500.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.

Bank Nifty Outlook for Next Week (August 03, 2015 – August 07, 2015)

EquityPandit’s Outlook for Bank Nifty for week (August 03, 2015 – August 07, 2015):

 

BANK NIFTY:

 

banknifty

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 index lies in the zone of 18400 to 18600 where short term & long term moving averages are positioned.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.

Bank Nifty Outlook for Next Week (July 27, 2015 – July 31, 2015)

EquityPandit’s Outlook for Bank Nifty for week (July 27, 2015 – July 31, 2015):

 

BANK NIFTY:

 

banknifty

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 18300 to 18500 as 18000 and 18500 put options have close to 8.00 lac and 5.00 lacs shares outstanding respectively.

Technically the support for the index lies in the zone of 18400 where 50 Daily EMA and 100 Daily SMA is lying.

Range for the week is seen from 18300 to 18500 on downside to 19200 to 19500 on upside.