Tag Archives: Bank Nifty

Nifty Bank Outlook for the Week (Nov 18, 2019 – Nov 22, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Nov 18, 2019 – Nov 22, 2019)

NIFTY BANK:

NIFTY BANK Index closed the week on positive note gaining 259 points 0.84%.

Weekly High: 31,205.20

Weekly Low: 30,338.35

Weekly Close: 31,008.40

banknifty 18nov

 

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 30300 levels, whereas minor resistance on the upside is capped around 31200-31250 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 towards major support on lower side around 29600 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 31600.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 29900 on downside and 31600 on upside.

 

RESISTANCE 2: 31,717

RESISTANCE 1: 31,362

SUPPORT 1: 30,496

SUPPORT 2: 29,983

Nifty Bank Outlook for the Week (Nov 11, 2019 – Nov 15, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Nov 11, 2019 – Nov 15, 2019)

NIFTY BANK Index closed the week on positive note gaining 418.85 points 1.38%.

Weekly High: 31,108.40

Weekly Low: 30,013.65

Weekly Close: 30,749.40

niftybank nov11

 

NIFTY BANK:
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 30000 levels, whereas minor resistance on the upside is capped around 31200-31250 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 towards major support on lower side around 29500 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 31600.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 30000 on downside and 31600 on upside.

 

WEEKLY PIVOT LEVELS  FOR BANK NIFTY:

RESISTANCE 2: 31,718

RESISTANCE 1: 31,233

SUPPORT 1: 30,139

SUPPORT 2: 29,529

 

Nifty Bank Outlook for the Week (Nov 4, 2019 – Nov 8, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Nov 4, 2019 – Nov 8, 2019)

NIFTY BANK:

NIFTY BANK Index closed the week on positive note gaining 934.60 points 3.18%.

Weekly High: 30,415.65

Weekly Low: 29,385.45

Weekly Close: 30,330.55

niftybank 4nov

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 29600 levels, whereas minor resistance on the upside is capped around 30800-30850 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 towards major support on lower side around 29000 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 31500.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 29600 on downside and 31000 on upside.
RESISTANCE 2: 31,074

RESISTANCE 1: 30,702

SUPPORT 1: 29,672

SUPPORT 2: 29,013

Nifty Bank Outlook for the Week (Oct 21, 2019 – Oct 25, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Oct 21, 2019 – Oct 25, 2019)

NIFTY BANK:

NIFTY BANK Index closed the week on positive note gaining 1077.75 points 3.84%.

Weekly High: 29,249.50

Weekly Low: 28,043.25

Weekly Close: 29,120.25

banknifty 21oct

 

 

 

 

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 28500 levels, whereas minor resistance on the upside is capped around 29550-29600 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 towards major support on lower side around 27800 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 30100.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 28300 on downside and 30100 on upside.

 

RESISTANCE 2: 30,010

RESISTANCE 1: 29,565

SUPPORT 1: 28,359

SUPPORT 2: 27,598

Nifty Bank Outlook for the Week (Oct 14, 2019 – Oct 18, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Oct 14, 2019 – Oct 18, 2019)

NIFTY BANK:

 
NIFTY BANK Index closed the week on positive note gaining 310.65 points 1.12%

Weekly High: 28857.70

Weekly Low: 27568.35

Weekly Close: 28042.50

 

banknifty 14oct

 
RESISTANCE 2: 29,445

RESISTANCE 1: 28,744

SUPPORT 1: 27,454

SUPPORT 2: 26,866

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 27550 levels, whereas minor resistance on the upside is capped around 28650-28700 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 towards major support on lower side around 26600 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 29500.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 26800 on downside and 29500 on upside.

Nifty Bank Outlook for the Week (Oct 7, 2019 – Oct 11, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Oct 7, 2019 – Oct 11, 2019)

NIFTY BANK Index closed the week on negative note loosing -214.90 points -0.76%

Weekly High: 29754.40

Weekly Low: 27653.70

Weekly Close: 27731.85

banknifty 07oct

 
RESISTANCE 2: 30,480

RESISTANCE 1: 29,106

SUPPORT 1: 27,005

SUPPORT 2: 26,279
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 26600 levels, whereas minor resistance on the upside is capped around 28550-28600 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 towards major support on lower side around 25600 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 29650.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 26000 on downside and 29000 on upside.

Nifty Bank Outlook for the Week (Sept 30, 2019 – Oct 5, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Sept 30, 2019 – Oct 5, 2019)

NIFTY BANK:

NIFTY BANK Index closed the week on negative note loosing -214.90 points -0.76%

Weekly High: 30801.30

Weekly Low: 29470.10

Weekly Close: 29876.65

NIFTYBANK 30 SEPT

 

RESISTANCE 2: 31,380

RESISTANCE 1: 30,628

SUPPORT 1: 29,297

SUPPORT 2: 28,718

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 29300 levels, whereas minor resistance on the upside is capped around 30800-30850 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 towards major support on lower side around 28600 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 31700.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 29000 on downside and 31000 on upside.

Nifty Bank Outlook for the Week (Sept 23, 2019 – Sept 27, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Sept 23, 2019 – Sept 27, 2019)

NIFTY BANK:

NIFTY BANK Index closed the week on positive note gaining +883 points 3.14%

Weekly High: 29418.95

Weekly Low: 26643

Weekly Close: 28981.55

NIFTYBANK

 
RESISTANCE 2: 31123.78

RESISTANCE 1: 30052.67

SUPPORT 1: 27276.72

SUPPORT 2: 25571.88

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 28425 levels, whereas minor resistance on the upside is capped around 30050-30100 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 towards major support on lower side around 27600 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 30600.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 28000 on downside and 30500 on upside.

Nifty Bank Outlook for the Week (Sept 17, 2019 – Sept 21, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Sept 17, 2019 – Sept 21, 2019)

NIFTY BANK:

BANK NIFTY

NIFTY BANK Index closed the week on positive note gaining +850.85 points +3.12%

Weekly High: 28126.85

Weekly Low: 26993.90

Weekly Close: 28098.75

 
RESISTANCE 2: 28873

RESISTANCE 1: 28486

SUPPORT 1: 27353

SUPPORT 2: 26607

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 27500 levels, whereas minor resistance on the upside is capped around 28700-28500 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 26600 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 29500.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 29500 on upside and 26600 on downside.

Nifty Bank Outlook for the Week (Sept 9, 2019 – Sept 13, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Sept 9, 2019 – Sept 13, 2019)

NIFTY BANK:

BANK NIFTY

NIFTY BANK Index closed the week on negative note loosing -224.95 points -0.82%

Weekly High: 27311.05

Weekly Low: 26641.35

Weekly Close: 27247.90

 
RESISTANCE 2: 27736

RESISTANCE 1: 27492

SUPPORT 1: 26822

SUPPORT 2: 26397

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 26600 levels, whereas minor resistance on the upside is capped around 27700-27800 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 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 28500.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 28500 on upside and 25900 on downside.

Nifty Bank Outlook for the Week (Sept 2, 2019 – Sept 6, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Sept 2, 2019 – Sept 6, 2019)

NIFTY BANK:

nifty

NIFTY BANK Index closed the week on positive note gaining 469.20 points 1.74%

Weekly High: 28277.70

Weekly Low: 26859.35

Weekly Close: 27427.85

 
RESISTANCE 2: 28940

RESISTANCE 1: 28184

SUPPORT 1: 26766

SUPPORT 2: 26103

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 26600 levels, whereas minor resistance on the upside is capped around 27400-27500 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 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 28500.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 28500 on upside and 25900 on downside.

Nifty Bank Outlook for the Week (Aug 26, 2019 – Aug 30, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Aug 26, 2019 – Aug 30, 2019)

NIFTY BANK:

 

BANK NIFTY

 

NIFTY BANK Index closed the week on negative note loosing -1258.35 points -4.46%

Weekly High: 28468.90

Weekly Low: 26560.60

Weekly Close: 26958.65

 
RESISTANCE 2: 29238

RESISTANCE 1: 28098

SUPPORT 1: 26190

SUPPORT 2: 25421

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 26600 levels, whereas minor resistance on the upside is capped around 27500-27550 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 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 28500.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 28500 on upside and 25900 on downside.

Nifty Bank Outlook for the Week (Aug 19, 2019 – Aug 23, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Aug 19, 2019 – Aug 23, 2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on negative note loosing -214.90 points -0.76%

Weekly High: 28358.85

Weekly Low: 27683.50

Weekly Close: 28217

 
RESISTANCE 2: 28762

RESISTANCE 1: 28489

SUPPORT 1: 27814

SUPPORT 2: 27411

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 27700 levels, whereas minor resistance on the upside is capped around 28600-28620 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 27300 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 29100.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 29100 on upside and 27300 on downside.

Nifty Bank Outlook for the Week (Aug 12, 2019 – Aug 16, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Aug 12, 2019 – Aug 16, 2019)

NIFTY BANK:

 

BANK NIFTY

 

NIFTY BANK Index closed the week on positive note gaining +226.95 points +0.80%

Weekly High: 28602.75

Weekly Low: 27389.50

Weekly Close: 28431.90

 
RESISTANCE 2: 29355

RESISTANCE 1: 28893

SUPPORT 1: 27680

SUPPORT 2: 26928

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 27700 levels, whereas minor resistance on the upside is capped around 28600-28620 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 27300 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 29100.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 29100 on upside and 27300 on downside.

Nifty Bank Outlook for the Week (Aug 05, 2019 – Aug 09, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (Aug 05, 2019 – Aug 09, 2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on negative note loosing –1120.35 points -3.82%

Weekly High: 29592.95

Weekly Low: 27936.35

Weekly Close: 28204.95

 
RESISTANCE 2: 30235

RESISTANCE 1: 29220

SUPPORT 1: 27563

SUPPORT 2: 26921

 
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 28000 levels, whereas minor resistance on the upside is capped around 28500-28600 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 27700 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 29000.

Currently NIFTY BANK index is trading below 200 days exponential moving average and suggests long term trend is bearish. EquityPandit’s analyst predicts range for the week is seen from 29000 on upside and 27700 on downside.

Nifty Bank Outlook for the Week (July 22, 2019 – July 26, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (July 22, 2019 – July 26, 2019)

NIFTY BANK:

 

BANK NIFTY

 

NIFTY BANK Index closed the week on negative note losing –831.10 points -2.72%

Weekly High: 30799.70

Weekly Low: 29705.75

Weekly Close: 29770.35
RESISTANCE 2: 31186

RESISTANCE 1: 30478

SUPPORT 1: 29384

SUPPORT 2: 28998
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 29500 levels, whereas minor resistance on the upside is capped around 30000-3100 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 29100 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 30600.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 30600 on upside and 29100 on downside.

Nifty Bank Outlook for the Week (July 15, 2019 – July 19, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (July 15, 2019 – July 19, 2019)

NIFTY BANK:

 

nifty bank

 

NIFTY BANK Index closed the week on negative note losing –874.35 points -2.78%

Weekly High: 31370.40

Weekly Low: 30346.70

Weekly Close: 30601.45

 
RESISTANCE 2: 31797

RESISTANCE 1: 31199

SUPPORT 1: 30175

SUPPORT 2: 29749
Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 30450 levels, whereas minor resistance on the upside is capped around 30750-30770 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 30200 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.

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 31000 on upside and 30200 on downside.

Nifty Bank Outlook for the Week (July 8, 2019 – July 12, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (July 8, 2019 – July 12, 2019)

NIFTY BANK:

 

nifty bank

 

NIFTY BANK Index closed the week on positive note losing +370.60 points +1.19%

Weekly High: 31660.75

Weekly Low: 31105.10

Weekly Close: 31475.80

—————————————-
RESISTANCE 2: 31969

RESISTANCE 1: 31722

SUPPORT 1: 31167

SUPPORT 2: 30858

—————————————-

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 31050 levels, whereas minor resistance on the upside is capped around 31500-31800 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 30650 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 32200

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 32200 on upside and 30650 on downside.

Nifty Bank Outlook for the Week (July 1, 2019 – July 5, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (July 1, 2019 – July 5, 2019)

NIFTY BANK:

 

banknifty

 

NIFTY BANK Index closed the week on positive note losing +476.85 points +1.55%

Weekly High: 31490.60

Weekly Low: 30451.40

Weekly Close: 31105.20
————————–

RESISTANCE 2: 32054
RESISTANCE 1: 31579

SUPPORT 1: 30540
SUPPORT 2: 29976

————————–

Technically on the daily charts we see minor support on the downside for NIFTY BANK index lies at 30600 levels, whereas minor resistance on the upside is capped around 31500-31800 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 30150 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 32200

Currently NIFTY BANK index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 32200 on upside and 30150 on downside.

Nifty Bank Outlook for the Week (June 24, 2019 – June 28, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (June 24, 2019 – June 28, 2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on positive note gaining +14 Points +0.05%

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30250 levels, whereas minor resistance on the upside is capped around 31240 levels.

If Nifty Bank 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 29450 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 31800

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 31800 on upside and 29450 on downside.

Nifty Bank Outlook for the Week (June 17, 2019 – June 21, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (June 17, 2019 – June 21, 2019)

NIFTY BANK:

 

BANKNIFTY

 

 

NIFTY BANK Index closed the week on negative note losing –452.20 Points –1.46%

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30200 levels, whereas minor resistance on the upside is capped around 31250 levels.

If Nifty Bank 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 29500 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 31800

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 31800 on upside and 29500 on downside.

 

Nifty Bank Outlook for the Week (June 10, 2019 – June 14, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (June 10, 2019 – June 14, 2019)

NIFTY BANK:

 

NIFTYBANK

 

NIFTY BANK Index closed the week on negative note losing –470.55 Points –1.49%

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30600– 30500 levels, whereas minor resistance on the upside is capped around 31700– 31800 levels.

If Nifty Bank 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 31000– 30800 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 32000– 32100

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 32000– 32100 on upside and 31000– 30800 on downside.

Nifty Bank Outlook for the Week (June 01, 2019 – June 07, 2019)

EquityPandit’s Outlook for Nifty Bank for the week (June 01, 2019 – June 07, 2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on positive note gaining +162.85 Points +0.52%

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30600– 30500 levels, whereas minor resistance on the upside is capped around 31700– 31800 levels.

If Nifty Bank 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 31000– 30800 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 32500– 32600

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 32200– 32300 on upside and 31000– 30800 on downside.

Nifty Bank Outlook for the Week (May 27, 2019 – May 31,2019)

EquityPandit’s Outlook for Nifty Bank for the week (May 27, 2019 – May 31,2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on positive note gaining +1762.40 Points +5.98%

Weekly High: 31705.0

Weekly Low: 28856.0

Weekly Close: 31212.55

Nifty bank has seen huge buying attraction, All the nifty bank constitutes contributed it the fresh rally. We may see resistance in bank nifty and it may either consolidate or also some profit booking and selling pressure can be seen for the week.

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 30200– 30300 levels, whereas minor resistance on the upside is capped around 31700– 31800 levels.

If Nifty Bank 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 28900– 28800 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 32200– 32300

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 32200– 32300 on upside and 28900– 28800 on downside.

Nifty Bank Outlook for the Week (May 13, 2019 – May 17,2019)

EquityPandit’s Outlook for Nifty Bank for the week (May 13, 2019 – May 17,2019)

NIFTY BANK:

 

NIFTYBANK

 

NIFTY BANK Index closed the week on negative note gaining -913.65 Points -3.05%

Weekly High: 30121.80

Weekly Low: 28784.65

Weekly Close: 29040.50

Nifty bank has seen sharp sell of last week and heading towards 100 days exponential moving averages, as this month would be a volatile month due to election results one should also keep an eye on 200 days exponential moving average, where on the down side nifty bank may see strong support. If Nifty bank closes above 29400 uptrend may resume and we may see some buying attraction in banking sector.

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 28400- 28300 levels, whereas minor resistance on the upside is capped around 29165– 29185 levels.

If Nifty Bank 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 27700- 27600 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 30030– 30080

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 30030– 30080 on upside and 27700– 27600 on downside.

Nifty Bank Outlook for the Week (May 06, 2019 – May 10,2019)

EquityPandit’s Outlook for Nifty Bank for the week (May 06, 2019 – May 10,2019)

NIFTY BANK:

 

BANKNIFTY
NIFTY BANK Index closed the week on positive note gaining +93.35 Points +0.31%

Weekly High: 30121.75

Weekly Low: 29511.90

Weekly Close: 29954.15

Nifty bank holds the trend line support levels of 29400 and heading towards higher levels. If closes above 30100 we may see sharp rally towards 30600 and 31000. Ahead of election volatility will rule the market and once need to trade with proper hedge.

Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 29400- 29300 levels, whereas minor resistance on the upside is capped around 30100- 30200 levels.

If Nifty Bank 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 28700- 28600 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 30600- 30700

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 30600- 30700 on upside and 28700– 28600 on downside.

Nifty Bank Outlook for the Week (April 29,2019 – May 03,2019)

EquityPandit’s Outlook for Nifty Bank for the week (April 29,2019 – May 03,2019)

NIFTY BANK:

 

BANKNIFTY

 

NIFTY BANK Index closed the week on negative note losing -209.90 Points -0.69%

Weekly High: 30669.8

Weekly Low: 29435.10

Weekly Close: 30113.50

Nifty bank holds the trend line support levels of 29400 and heading towards higher levels. Technically on the daily charts we see minor support on the downside for Nifty Bank Index lies at 29400- 29300 levels, whereas minor resistance on the upside is capped around 30300- 30400 levels.

If Nifty Bank 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 29100- 29000 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 30600- 30700

Currently Nifty Bank is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 30600- 30700 on upside and 29100- 29000 on downside.

Nifty Bank Outlook for the Week (April 22,2019 – April 26,2019)

EquityPandit’s Outlook for Nifty Bank for the week (April 22,2019 – April 26,2019):

NIFTY BANK:

 

banknifty

 

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 index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 31100- 31200 on upside and 30200- 30300 on downside.

Nifty Bank Outlook for the Week (April 15, 2019 – April 19, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (April 15, 2019 – April 19, 2019):

NIFTY BANK:

 

NIFTYBANK

 

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 above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 31000-31100 on upside and 29150- 29200 on downside.

Nifty Bank Outlook for the Week (April 08, 2019 – April 12, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (April 05, 2019 – April 12, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 can head towards higher levels around 31000-31100

Currently Nifty bank index is trading above 200 days exponential moving average and suggests long term trend is bullish.

EquityPandit’s analyst predicts range for the week is seen from 31000-31100 on upside and 29150- 29200 on downside.

Nifty Bank Outlook for the Week (April 01, 2019 – April 05, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (April 01, 2019 – April 05, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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 above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 31000-31100 on upside and 29150- 29200 on downside.

Nifty Bank Outlook for the Week (Mar 25, 2019 – Mar 29, 2019)

EquityPandit’s Outlook for Nifty Bank for the week   (Mar 25, 2019 – Mar 29, 2019) :

NIFTY BANK:

 

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 fresh break down and index can drag index towards major support on lower side around 28800- 28700 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 30500- 30600

Currently Nifty bank index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 30500-30600 on upside and 28800- 28700 on downside.

Nifty Bank Outlook for the Week (Mar 11, 2019 – Mar 15, 2019)

EquityPandit’s Outlook for Nifty Bank for the week   (Mar 11, 2019 – Mar 15, 2019) :

NIFTY BANK:

 

bank nifty

 
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

Currently Nifty bank index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 28400-28500 on upside and 26000-25900 on downside.

Nifty Bank Outlook for the Week (Mar 05, 2019 – Mar 08, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 05, 2019 – Mar 08, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 the index manages to close below these levels then the index can drift to the levels of 26300 to 26400 where Fibonacci levels and low for the month of January-2019 are lying.

Minor resistance for the index lies in the zone of 27100 to 27200. Resistance for the index lies in the zone of 27350 to 27450 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 27600 to 27700 where high for the month of January-2019 and February-2019 are lying.

Range for the week is seen from 26400 to 26600 on downside & 27400 to 27600 on upside.

Nifty Bank Outlook for the Week (Feb 25, 2019 – Mar 01, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 25, 2019 – Mar 01, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 26300 to 26400 where Fibonacci levels and long term moving averages are lying.

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.

Range for the week is seen from 26200 to 26400 on downside & 27300 to 27500 on upside.

Nifty Bank Outlook for the Week (Feb 18, 2019 – Feb 22, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 18, 2019 – Feb 22, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26200 to 26400 on downside & 27200 to 27400 on upside.

Nifty Bank Outlook for the Week (Feb 11, 2019 – Feb 15, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 11, 2019 – Feb 15, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26500 to 26700 on downside & 27700 to 27900 on upside.

Nifty Bank Outlook for the Week (Feb 4, 2019 – Feb 8, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 4, 2019 – Feb 8, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26500 to 26600 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (Jan 28, 2019 – Feb 1, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 28, 2019 – Feb 1, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26500 to 26600 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (Jan 21, 2019 – Jan 25, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 21, 2019 – Jan 25, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 these levels then the index can drift to the levels of 26200 to 26300 where Fibonacci levels and long term moving averages are lying.

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.

Range for the week is seen from 26900 to 27000 on downside & 27900 to 28000 on upside.

Nifty Bank Outlook for the Week (Jan 14, 2019 – Jan 18, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 14, 2019 – Jan 18, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26700 to 26800 on downside & 27900 to 28000 on upside.

Nifty Bank Outlook for the Week (Jan 07, 2019 – Jan 11, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 07, 2019 – Jan 11, 2019):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26500 to 26700 on downside & 27500 to 27700 on upside.

Nifty Bank Outlook for the Week (Dec 31, 2018 – Jan 04, 2019)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 31, 2018 – Jan 04, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26500 to 26700 on downside & 27500 to 27700 on upside.

Nifty Bank Outlook for the Week (Dec 24, 2018 – Dec 28, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 24, 2018 – Dec 28, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 to the levels of 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying.

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.

Range for the week is seen from 26300 to 26400 on downside & 27400 to 27500 on upside.

Nifty Bank Outlook for the Week (Dec 17, 2018 – Dec 21, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 17, 2018 – Dec 21, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 to the levels of 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying.

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.

Range for the week is seen from 26000 to 26200 on downside & 27200 to 27400 on upside.

Nifty Bank Outlook for the Week (Dec 10, 2018 – Dec 14, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 10, 2018 – Dec 14, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 to the levels of 25800 to 26000 from where the index broke out of October-2018 high and Fibonacci levels are lying.

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.

Range for the week is seen from 25800 to 26000 on downside & 27200 to 27400 on upside.

Nifty Bank Outlook for the Week (Dec 03, 2018 – Dec 07, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 03, 2018 – Dec 07, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 from where the index broke out of October-2018 high and Fibonacci levels are lying.

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.

Range for the week is seen from 25800 to 26000 on downside & 27500 to 27700 on upside.

Nifty Bank Outlook for the Week (Nov 26, 2018 – Nov 30, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 26, 2018 – Nov 30, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 the index can drift to the levels of 25200 to 25400 where break out levels and Fibonacci levels are lying.

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.

Range for the week is seen from 25400 to 25600 on downside & 26400 to 26500 on upside.

Nifty Bank Outlook for the Week (Nov 19, 2018 – Nov 23, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 19, 2018 – Nov 23, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 26400 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.

Range for the week is seen from 25400 to 25600 on downside & 26700 to 26900 on upside.

Nifty Bank Outlook for the Week (Nov 12, 2018 – Nov 16, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 12, 2018 – Nov 16, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 index manages to close below these levels then the index can drift to the levels of 24200 to 24300 where the index has formed a double bottom in the month of October-2018.

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.

Range for the week is seen from 25000 to 25200 on downside & 26200 to 26400 on upside.

Nifty Bank Outlook for the Week (Oct 29, 2018 – Nov 02, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 29, 2018 – Nov 02, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Minor resistance for the index lies in the zone of 24800 to 24900. 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.

Range for the week is seen from 23600 to 23700 on downside & 25200 to 25300 on upside.

Nifty Bank Outlook for the Week (Oct 22, 2018 – Oct 26, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 22, 2018 – Oct 26, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 24400 to 24600 on downside & 25600 to 25800 on upside.

Nifty Bank Outlook for the Week (Oct 15, 2018 – Oct 19, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 15, 2018 – Oct 19, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 24500 to 24600 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Oct 08, 2018 – Oct 12, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 08, 2018 – Oct 12, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 drift to the levels of 23600 to 23700 where the index has formed a low in the month of March-2018.

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.

Range for the week is seen from 23500 to 23600 on downside & 25500 to 25600 on upside.

Nifty Bank Outlook for the Week (Oct 01, 2018 – Oct 05, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 01, 2018 – Oct 05, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 23900 to 24100 where low for the month of April-2018 is lying.

Minor resistance for the index lies around 25400 to 25500. Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels 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 26500 to 26600 where Fibonacci levels are lying.

Range for the week is seen from 24000 to 24100 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Sep 24, 2018 – Sep 28, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 24, 2018 – Sep 28, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 the index manages to close below these levels then the index can drift to the levels of 24500 to 24600.

Resistance for the index lies in the zone of 26000 to 26100 where Fibonacci levels 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 26500 to 26600 where Fibonacci levels are lying.

Range for the week is seen from 24500 to 24600 on downside & 26500 to 26600 on upside.

Nifty Bank Outlook for the Week (Sep 17, 2018 – Sep 21, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 17, 2018 – Sep 21, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 the index can drift to the levels of 26000 to 26100 where Fibonacci levels and long term moving averages are lying.

Minor resistance for the index lies around 27200 to 27300. Resistance for the index lies in the zone of 27600 to 27700 from where the index broke down after consolidation and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 28300 to 28400 where high for the month of August-2018 is lying.

Range for the week is seen from 26500 to 26600 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (Sep 10, 2018 – Sep 14, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 10, 2018 – Sep 14, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 27600 to 27700 from where the index broke down of January-2018 high and short term moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 28300 to 28400 where high for the month of August-2018 is lying.

Range for the week is seen from 26700 to 26800 on downside & 28000 to 28100 on upside.

Nifty Bank Outlook for the Week (Sep 03, 2018 – Sep 07, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 03, 2018 – Sep 07, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 28400 to 28500 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 28800 to 28900.

Range for the week is seen from 27500 to 27600 on downside & 28600 to 28700 on upside.

Nifty Bank Outlook for the Week (Aug 27, 2018 – Aug 31, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 27, 2018 – Aug 31, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 27100 to 27200 from where the index broke out of double top pattern.

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.

Range for the week is seen from 27400 to 27500 on downside & 28400 to 28500 on upside.

Nifty Bank Outlook for the Week (Aug 20, 2018 – Aug 24, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 20, 2018 – Aug 24, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 January-2018 high.

Resistance for the index lies in the zone of 28400 to 28500 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Range for the week is seen from 27500 to 27600 on downside & 28500 to 28600 on upside.

Nifty Bank Outlook for the Week (Aug 13, 2018 – Aug 17, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 13, 2018 – Aug 17, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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.

Resistance for the index lies in the zone of 28400 to 28500 where Fibonacci extension levels are lying. If the index manages to close above these levels then the index can move to the levels of 28800 to 29000.

Range for the week is seen from 27500 to 27600 on downside & 28500 to 28600 on upside.

Nifty Bank Outlook for the Week (Aug 06, 2018 – Aug 10, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 06, 2018 – Aug 10, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 26500 where Fibonacci levels and short term moving averages are lying.

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.

Range for the week is seen from 26800 to 27000 on downside & 28000 to 28200 on upside.

Nifty Bank Outlook for the Week (July 30, 2018 – Aug 03, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 30, 2018 – Aug 03, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 26400 to 26500 where Fibonacci levels and short term moving averages are lying.

Resistance for the index lies in the zone of 27500 to 27600 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.

Range for the week is seen from 26800 to 27000 on downside & 28000 to 28200 on upside.

Nifty Bank Outlook for the Week (July 23, 2018 – July 27, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 23, 2018 – July 27, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 27000 to 27200 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.

Range for the week is seen from 26500 to 26600 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (July 16, 2018 – July 20, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 16, 2018 – July 20, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 27000 to 27200 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.

Range for the week is seen from 26500 to 26600 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (July 09, 2018 – July 13, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 09, 2018 – July 13, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 drift to the levels of 25500 to 25600 where Fibonacci levels and medium & long term moving averages are lying.

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.

Range for the week is seen from 25800 to 25900 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (July 02, 2018 – July 06, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (July 02, 2018 – July 06, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25800 to 25900 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (June 18, 2018 – June 22, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 18, 2018 – June 22, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25800 to 25900 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (June 11, 2018 – June 15, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 11, 2018 – June 15, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25500 to 25600 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (June 04, 2018 – June 08, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (June 04, 2018 – June 08, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 26000 to 26100 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (May 28, 2018 – June 01, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (May 28, 2018 – June 01, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Minor resistance lies around the zone of 26400 to 26500.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.

Range for the week is seen from 25500 to 25600 on downside & 26600 to 26700 on upside.

Nifty Bank Outlook for the Week (May 21, 2018 – May 25, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (May 21, 2018 – May 25, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Minor resistance lies around the zone of 26100 to 26150. 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.

Range for the week is seen from 25000 to 25100 on downside & 26500 to 26600 on upside.

Nifty Bank Outlook for the Week (May 14, 2018 – May 18, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (May 14, 2018 – May 18, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 are lying.

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.

Range for the week is seen from 25500 to 25700 on downside & 27500 to 27600 on upside.

Nifty Bank Outlook for the Week (May 07, 2018 – May 11, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (May 07, 2018 – May 11, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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 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.

Range for the week is seen from 25000 to 25100 on downside & 25900 to 26000 on upside.

Nifty Bank Outlook for the Week (Apr 30, 2018 – May 04, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 30, 2018 – May 04, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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 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.

Range for the week is seen from 24800 to 24800 on downside & 25800 to 25900 on upside.

Nifty Bank Outlook for the Week (Apr 23, 2018 – Apr 27, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 23, 2018 – Apr 27, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 24000 to 24100 where break out levels are lying.

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.

Range for the week is seen from 24500 to 24600 on downside & 25500 to 25600 on upside.

Nifty Bank Outlook for the Week (Apr 16, 2018 – Apr 20, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 16, 2018 – Apr 20, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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 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.

Range for the week is seen from 24500 to 24600 on downside & 25700 to 25800 on upside.

Nifty Bank Outlook for the Week (Apr 09, 2018 – Apr 13, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 09, 2018 – Apr 13, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Range for the week is seen from 24300 to 24400 on downside & 25200 to 25300 on upside.

Nifty Bank Outlook for the Week (Apr 02, 2018 – Apr 06, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Apr 02, 2018 – Apr 06, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 23600 to 23700 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Mar 26, 2018 – Mar 28, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 26, 2018 – Mar 28, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 23000 where trend-line joining earlier lows is lying.

Minor resistance for the index lies in the zone of 23900 to 24000. Resistance for the index lies in the zone of 24200 to 24300 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.

Range for the week is seen from 23000 to 23200 on downside & 24000 to 24200 on upside.

Nifty Bank Outlook for the Week (Mar 12, 2018 – Mar 16, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 12, 2018 – Mar 16, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 23600 where the index has formed a bottom in the month of September-2017.

Minor resistance for the index lies in the zone of 24700 to 25800. Resistance for the index lies in the zone of 25000 to 25100 where break down levels are lying. If the index manages to close above these levels then the index can move to the levels of 25500 to 25600 where short & medium term moving averages are lying.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Mar 05, 2018 – Mar 09, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Mar 05, 2018 – Mar 09, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 index manages to close below these levels then the index can drift to the levels of 24200 to 24300 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 25200 to 25300. Resistance for the index lies in the zone of 25700 to 25800 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 26200 to 26300 from where the index has opened gap down.

Range for the week is seen from 24000 to 24200 on downside & 25700 to 25800 on upside.

Nifty Bank Outlook for the Week (Feb 26, 2018 – Mar 02, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 26, 2018 – Mar 02, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 term moving averages are lying.

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.

Range for the week is seen from 24700 to 24800 on downside & 25700 to 25800 on upside.

Nifty Bank Outlook for the Week (Feb 19, 2018 – Feb 23, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 19, 2018 – Feb 23, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 index can drift to the levels of 24400 to 24500 where long term moving averages are lying.

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.

Range for the week is seen from 24400 to 24500 on downside & 25500 to 25600 on upside.

Nifty Bank Outlook for the Week (Feb 12, 2018 – Feb 16, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 12, 2018 – Feb 16, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 term moving averages are lying.

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.

Range for the week is seen from 24400 to 24500 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Feb 05, 2018 – Feb 09, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Feb 05, 2018 – Feb 09, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 resistance for the index lies in the zone of 26600 to 26700. Resistance for the index lies in the zone of 26900 to 27000 where break down levels are 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.

Range for the week is seen from 25700 to 25800 on downside & 27000 to 27100 on upside.

Nifty Bank Outlook for the Week (Jan 29, 2018 – Feb 02, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 29, 2018 – Feb 02, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 25700 to 25800 where break out levels and short term moving averages are lying.

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.

Range for the week is seen from 26400 to 26500 on downside & 28400 to 28500 on upside.

Nifty Bank Outlook for the Week (Jan 22, 2018 – Jan 25, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 22, 2018 – Jan 25, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 to the levels of 25000 to 25100 from where the index broke out of triple top pattern.

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.

Range for the week is seen from 26400 to 26500 on downside & 27400 to 27500 on upside.

Nifty Bank Outlook for the Week (Jan 15, 2018 – Jan 19, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 15, 2018 – Jan 19, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25100 to 25200 on downside & 26100 to 26200 on upside.

Nifty Bank Outlook for the Week (Jan 08, 2018 – Jan 12, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 08, 2018 – Jan 12, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25100 to 25200 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Jan 01, 2018 – Jan 05, 2018)

EquityPandit’s Outlook for Nifty Bank for the week  (Jan 01, 2018 – Jan 05, 2018):

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25100 to 25200 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Dec 26, 2017 – Dec 29, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 26, 2017 – Dec 29, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 25100 to 25200 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 18, 2017 – Dec 22, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 out gap for the index is lying.

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.

Range for the week is seen from 24800 to 24900 on downside & 25800 to 25900 on upside.

Nifty Bank Outlook for the Week (Dec 11, 2017 – Dec 15, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 11, 2017 – Dec 15, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 out gap for the index is lying.

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 channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400.

Range for the week is seen from 24700 to 24800 on downside & 25700 to 25800 on upside.

Nifty Bank Outlook for the Week (Dec 04, 2017 – Dec 08, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Dec 04, 2017 – Dec 08, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 the index can drift to the levels of 24500 to 24600 where break out gap for the index is lying.

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 channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400.

Range for the week is seen from 24500 to 24600 on downside & 25700 to 25800 on upside.

Nifty Bank Outlook for the Week (Nov 27, 2017 – Dec 01, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 27, 2017 – Dec 01, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 25900 to 26000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400.

Range for the week is seen from 25300 to 25400 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Nov 20, 2017 – Nov 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 20, 2017 – Nov 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 25900 to 26000 where channel resistance for the index is lying. If the index manages to close above these levels then the index can move to the levels of 26300 to 26400.

Range for the week is seen from 25200 to 25300 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Nov 13, 2017 – Nov 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 13, 2017 – Nov 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

Resistance for the index lies in the zone of 25800 to 25900. If the index manages to close above these levels then the index can move to the levels of 26200 to 26300.

Range for the week is seen from 25000 to 25100 on downside & 26000 to 26100 on upside.

Nifty Bank Outlook for the Week (Nov 06, 2017 – Nov 10, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Nov 06, 2017 – Nov 10, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 24500 where short term moving averages are lying.

Resistance for the index lies in the zone of 25800 to 25900. If the index manages to close above these levels then the index can move to the levels of 26200 to 26300.

Range for the week is seen from 25100 to 25200 on downside & 26200 to 26300 on upside.

Nifty Bank Outlook for the Week (Oct 30, 2017 – Nov 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 drift to the levels of 23900 to 24000 from where the index broke out of June-2017 highs.

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.

Range for the week is seen from 24200 to 24300 on downside & 25500 to 25600 on upside.

Nifty Bank Outlook for the Week (Oct 23, 2017 – Oct 27, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 23, 2017 – Oct 27, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 levels of 23400 to 23500 where trend-line joining lows of August-2017 and September-2017 is lying.

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.

Range for the week is seen from 23400 to 23500 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Oct 16, 2017 – Oct 19, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 16, 2017 – Oct 19, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 to the levels of 23900 to 24000 from where the index broke out of June-2017 highs and medium term moving averages are lying.

Resistance for the index lies in the zone of 25000 to 25100 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 25450 to 25500.

Range for the week is seen from 24000 to 24100 on downside & 25100 to 25200 on upside.

Nifty Bank Outlook for the Week (Oct 09, 2017 – Oct 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 09, 2017 – Oct 13, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Oct 03, 2017 – Oct 06, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 23200 to 23300 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Sep 25, 2017 – Sep 29, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 25, 2017 – Sep 29, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 medium term moving averages are lying.

Minor resistance for the index lies in the zone of 24500 to 24600. Resistance for the index lies in the zone of 25100 to 25200 where the index has formed a double top pattern. If the index manages to close above these levels then the index can move to the levels of 25400 to 25500.

Range for the week is seen from 23800 to 23900 on downside & 25000 to 25100 on upside.

Nifty Bank Outlook for the Week (Sep 18, 2017 – Sep 22, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 23800 to 23900 from where the index broke out of June-2017 highs.

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.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (Sep 11, 2017 – Sep 15, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

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.

Range for the week is seen from 23700 to 23800 on downside & 24800 to 25000 on upside.

Nifty Bank Outlook for the Week (Sep 04, 2017 – Sep 08, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 24000 to 24100 on downside & 25000 to 25100 on upside.

Nifty Bank Outlook for the Week (Aug 28, 2017 – Sep 01, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

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 24900 to 25000.

Range for the week is seen from 23700 to 23800 on downside & 24700 to 24800 on upside.

Nifty Bank Outlook for the Week (Aug 21, 2017 – Aug 25, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 levels for the index is lying.

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.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Aug 14, 2017 – Aug 18, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 23300 to 23400 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (Aug 07, 2017 – Aug 11, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (Aug 07, 2017 – Aug 11, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 25000 to 25100. If the index manages to close above these levels then the index can move to the levels of 25300 to 25400 where channel resistance for the index is lying.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (July 31, 2017 – Aug 04, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 below these levels then the index can drift to the levels of 23300 to 23400 where break out levels for the index is lying.

The index is trading at life time highs so virtually no resistance is visible. Resistance for the index lies in the zone of 25000 to 25100. If the index manages to close above these levels then the index can move to the levels of 25300 to 25400 where channel resistance for the index is lying.

Range for the week is seen from 24000 to 24100 on downside & 25400 to 25500 on upside.

Nifty Bank Outlook for the Week (July 24, 2017 – July 28, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 24, 2017 – July 28, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 below these levels then the index can drift to the levels of 22800 to 22900 where break out levels for the index is lying.

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.

Range for the week is seen from 23700 to 23800 on downside & 24600 to 24700 on upside.

Nifty Bank Outlook for the Week (July 17, 2017 – July 21, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 17, 2017 – July 21, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 22800 to 22900 where break out levels for the index is lying.

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.

Range for the week is seen from 23500 to 23600 on downside & 24500 to 24600 on upside.

Nifty Bank Outlook for the Week (July 10, 2017 – July 14, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 10, 2017 – July 14, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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 and Fibonacci levels for the index is lying.

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.

Range for the week is seen from 23000 to 23100 on downside & 24000 to 24100 on upside.

Nifty Bank Outlook for the Week (July 03, 2017 – July 07, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (July 03, 2017 – July 07, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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 and Fibonacci levels for the index is lying.

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.

Range for the week is seen from 22500 to 22600 on downside & 24600 to 24700 on upside.

Nifty Bank Outlook for the Week (June 27, 2017 – June 30, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 27, 2017 – June 30, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 drift to the levels of 22400 to 22500 where break out levels for the index is lying.

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.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

Nifty Bank Outlook for the Week (June 19, 2017 – June 23, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 19, 2017 – June 23, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 23000 to 23100 on downside & 24100 to 24200 on upside.

 

Nifty Bank Outlook for the Week (June 12, 2017 – June 16, 2017)

 

EquityPandit’s Outlook for Nifty Bank for the week  (June 12, 2017 – June 16, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 22500 where short term moving averages and break out levels for the index is lying.

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.

Range for the week is seen from 23300 to 23400 on downside & 24100 to 24200 on upside.

Nifty Bank Outlook for the Week (June 05, 2017 – June 09, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (June 05, 2017 – June 09, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 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.

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.

Range for the week is seen from 22700 to 22800 on downside & 23800 to 23900 on upside.

Nifty Bank Outlook for the Week (May 29, 2017 – June 02, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 29, 2017 – June 02, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 and break out levels for the index is lying.

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.

Range for the week is seen from 22700 to 22800 on downside & 23700 to 23800 on upside.

Nifty Bank Outlook for the Week (May 22, 2017 – May 26, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 22, 2017 – May 26, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 index has taken multiple support.

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.

Range for the week is seen from 22000 to 22100 on downside & 23100 to 23200 on upside.

Nifty Bank Outlook for the Week (May 15, 2017 – May 19, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 15, 2017 – May 19, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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.

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.

Range for the week is seen from 22000 to 22100 on downside & 23000 to 23100 on upside.

Nifty Bank Outlook for the Week (May 08, 2017 – May 12, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 08, 2017 – May 12, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 support.

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.

Range for the week is seen from 22000 to 22100 on downside & 23000 to 23100 on upside.

Nifty Bank Outlook for the Week (May 02, 2017 – May 05, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (May 02, 2017 – May 05, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 has taken multiple support.

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.

Range for the week is seen from 21800 to 21900 on downside & 22800 to 22900 on upside.

Nifty Bank Outlook for the Week (April 24, 2017 – April 28, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 24, 2017 – April 28, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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-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.

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.

Range for the week is seen from 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Bank Outlook for the Week (April 17, 2017 – April 21, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 17, 2017 – April 21, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 then the index can drift to the levels of 20500 to 20600 where the index has taken multiple support.

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.

Range for the week is seen from 21100 to 21200 on downside & 22100 to 22200 on upside.

Nifty Bank Outlook for the Week (April 10, 2017 – April 13, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 10, 2017 – April 13, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 can drift to the levels of 20500 to 20600 where the index has taken multiple support.

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.

Range for the week is seen from 21000 to 21100 on downside & 22000 to 22100 on upside.

Nifty Bank Outlook for the Week (April 03, 2017 – April 07, 2017)

EquityPandit’s Outlook for Nifty Bank for the week  (April 03, 2017 – April 07, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 of 20500 to 20600 where the index has taken multiple support.

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.

Range for the week is seen from 21000 to 21100 on downside & 22000 to 22100 on upside.

Nifty Bank Outlook for the Week (March 27, 2017 – March 31, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 27, 2017 – March 31, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 multiple support.

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.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 20, 2017 – March 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 20, 2017 – March 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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.

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.

Range for the week is seen from 20500 to 20600 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 14, 2017 – March 17, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 14, 2017 – March 17, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 index has taken multiple support.

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.

Range for the week is seen from 20000 to 20100 on downside & 21500 to 21600 on upside.

Nifty Bank Outlook for the Week (March 06, 2017 – March 10, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (March 06, 2017 – March 10, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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.

Minor resistance for the index lies in the zone of 20650 to 20700. 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.

Range for the week is seen from 20000 to 20100 on downside and 21000 to 21100 on upside.

Nifty Bank Outlook for the Week (February 27, 2017 – March 03, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 27, 2017 – March 03, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 levels then the index can drift to the levels of 20000 to 20100 where the index has taken multiple support.

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.

Range for the week is seen from 20200 to 20300 on downside and 21300 to 21400 on upside.

Nifty Bank Outlook for the Week (February 20, 2017 – February 24, 2017)

EquityPandit’s Outlook for Nifty Bank for the week (February 20, 2017 – February 24, 2017) :

NIFTY BANK:

 

BANKNIFTY

 

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 these levels then the index can drift to the levels of 18900 to 19000 where Fibonacci levels are lying.

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.

Range for the week is seen from 20000 to 20100 on downside to 21000 to 21100 on upside.