Tag Archives: Nifty PSU Bank

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Dec 18, 2017 – Dec 22, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.85%.

As we have mentioned last week, that support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where short, medium & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3690 and close the week around the levels of 3735.

Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where medium & long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 3850 to 3900 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 4150 to 4200 from where the index broke down.

Broad range for the index is seen between 3500 to 3550 on downside & 4000 to 4050 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Dec 11, 2017 – Dec 15, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on absolutely flat note.

As we have mentioned last week, that support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where short, medium & long term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3723 and close the week around the levels of 3767.

Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where short, medium & long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 3850 to 3900 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 4150 to 4200 from where the index broke down.

Broad range for the index is seen between 3500 to 3550 on downside & 4000 to 4050 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Dec 04, 2017 – Dec 08, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 6.00%.

As we have mentioned last week, that minor support for the index lies in the zone of 4000 to 4020. Support for the index lies in the zone of 3800 to 3850 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 3700 to 3750 from where the index broke out of August-2017 highs. During the week the index manages to hit a low of 3746 and close the week around the levels of 3767.

Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where short, medium & long term moving averages and Fibonacci levels are lying.

Resistance for the index lies in the zone of 3850 to 3900 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 4150 to 4200 from where the index broke down.

Broad range for the index is seen between 3500 to 3550 on downside & 4000 to 4050 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Nov 27, 2017 – Dec 01, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 1.50%.

As we have mentioned last week, that minor support for the index lies in the zone of 4000 to 4020. Support for the index lies in the zone of 3800 to 3850 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 3700 to 3750 from where the index broke out of August-2017 highs. During the week the index manages to hit a low of 3949 and close the week around the levels of 4007.

Minor support for the index lies in the zone of 4000 to 4020. Support for the index lies in the zone of 3800 to 3850 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 3700 to 3750 from where the index broke out of August-2017 highs.

Resistance for the index lies in the zone of 4150 to 4200 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4300 to 4350 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3800 to 3850 on downside & 4250 to 4300 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Nov 20, 2017 – Nov 24, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed 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 4000 to 4050 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4200 to 4250 where trend-line joining earlier highs is lying. During the week the index manages to hit a high of 4191 and close the week around the levels of 4069.

Minor support for the index lies in the zone of 4000 to 4020. Support for the index lies in the zone of 3800 to 3850 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 3700 to 3750 from where the index broke out of August-2017 highs.

Resistance for the index lies in the zone of 4150 to 4200 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4300 to 4350 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3800 to 3850 on downside & 4250 to 4300 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Nov 13, 2017 – Nov 17, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index 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 3830 to 3850. Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where Fibonacci levels are lying. During the week the index manages to hit a low of 3745 and close the week around the levels of 4001.

Minor support for the index lies in the zone of 3900 to 3950. Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 4000 to 4050 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4200 to 4250 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3800 to 3850 on downside & 4150 to 4200 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Nov 06, 2017 – Nov 10, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 4.00%.

As we have mentioned last week, that support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where Fibonacci levels are lying. During the week the index manages to hit a low of 3764 and close the week around the levels of 3975.

Minor support for the index lies in the zone of 3830 to 3850. Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3950 to 4000 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4200 to 4250 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3700 to 3750 on downside & 4150 to 4200 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 30, 2017 – Nov 03, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 30.00%.

As we have mentioned last week, that the index has seen a major break-down on the charts. Support for the index lies in the zone of 2870 to 2900 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2780 to 2820. During the week the index manages to hit a low of 2980 and close the week around the levels of 3821.

Support for the index lies in the zone of 3700 to 3750 from where the index broke out of August-2017 highs. If the index manages to close below these levels then the index can drift to the levels of 3450 to 3500 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3950 to 4000 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 4200 to 4250 where trend-line joining earlier highs is lying.

Broad range for the index is seen between 3500 to 3550 on downside & 4100 to 4150 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 23, 2017 – Oct 27, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 3.40%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3170 to 3200 from where the index has broken down from the support and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying. During the week the index manages to hit a high of 3078 and close the week around the levels of 2943.

The index has seen a major break-down on the charts. Support for the index lies in the zone of 2870 to 2900 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 2780 to 2820.

Resistance for the index lies in the zone of 2990 to 3020 from where the index broek down after consolidation. If the index manages to close above these levels then the index can move to the levels of 3170 to 3200 from where the index has broken down from the support and Fibonacci levels are lying.

Broad range for the index is seen between 2800 to 2850 on downside & 3100 to 3150 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 16, 2017 – Oct 19, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 1.80%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying. During the week the index manages to hit a high of 3126 and close the week around the levels of 3045.

The index has seen a major break-down on the charts. Support for the index lies in the zone of 3000 to 3020. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3170 to 3200 from where the index has broken down from the support and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3200 to 3250 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 09, 2017 – Oct 13, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 2.00%.

As we have mentioned last week, that the index has seen a major break-down on the charts. Support for the index lies in the zone of 3020 to 3050. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying. During the week the index manages to hit a low of 3012 and close the week around the levels of 3102.

The index has seen a major break-down on the charts. Support for the index lies in the zone of 3020 to 3050. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3200 to 3250 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Oct 03, 2017 – Oct 06, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 3.50%.

As we have mentioned last week, that the index has seen a major break-down on the charts. Support for the index lies in the zone of 3030 to 3080. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying. During the week the index manages to hit a low of 3012 and close the week around the levels of 3042.

The index has seen a major break-down on the charts. Support for the index lies in the zone of 3020 to 3050. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3080 to 3100. Resistance for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying.

Broad range for the index is seen between 2800 to 2850 on downside & 3200 to 3250 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 25, 2017 – Sep 29, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 3.80%.

As we have mentioned last week, that resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a high of 3312 and close the week around the levels of 3153.

The index has seen a major break-down on the charts. Support for the index lies in the zone of 3030 to 3080. If the index manages to close below these levels then the index can drift to the levels of 2850 to 2900 where Fibonacci levels are lying.

Resistance for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3330 to 3350 where 200 daily moving averages are lying.

Broad range for the index is seen between 2900 to 2950 on downside & 3300 to 3350 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 18, 2017 – Sep 22, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.80%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3250 to 3280. Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a high of 3310 and close the week around the levels of 3278.

Support for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3080.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3070 to 3100 on downside & 3380 to 3400 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 11, 2017 – Sep 15, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 2.40%.

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3212 and close the week around the levels of 3220.

Support for the index lies in the zone of 3170 to 3200 where the index has taken support in the month of March-2017 & June-2017 and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3080.

Minor resistance for the index lies in the zone of 3250 to 3280. Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3070 to 3100 on downside & 3350 to 3380 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Sep 04, 2017 – Sep 08, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.80%.

As we have mentioned last week, that resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 where Fibonacci levels and short & medium term moving averages are lying. During the week the index manages to hit a high of 3347 and close the week around the levels of 3296.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3450 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 28, 2017 – Sep 01, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index 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 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3202 and close the week around the levels of 3323.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 21, 2017 – Aug 25, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 0.40%.

As we have mentioned last week, that support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying. During the week the index manages to hit a low of 3236 and close the week around the levels of 3306.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 where Fibonacci levels and short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 14, 2017 – Aug 18, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 8.60%.

As we have mentioned last week, that minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 3800 to 3850 where the index has formed a top in the month of May-2017. During the week the index manages to hit a high of 3666 and close the week around the levels of 3293.

Support for the index lies in the zone of 3200 to 3250 where the index has taken support in the month of March-2017 and June-2017. If the index manages to close below these levels then the index can drift to the levels of 3100 to 3140 where long term Fibonacci levels are lying.

Resistance for the index lies in the zone of 3330 to 3350 where 200 daily moving averages are lying. If the index manages to close above these levels then the index can move to the levels of 3470 to 3500 short & medium term moving averages are lying.

Broad range for the index is seen between 3100 to 3140 on downside & 3470 to 3500 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (Aug 08, 2017 – Aug 11, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index 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 3530 to 3550. Support for the index lies in the zone of 3450 to 3470 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 3320 to 3350 where 200 daily moving averages are lying. During the week the index manages to hit a low of 3520 and close the week around the levels of 3602.

Minor support for the index lies in the zone of 3530 to 3550. Support for the index lies in the zone of 3450 to 3470 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 3320 to 3350 where 200 daily moving averages are lying.

Minor resistance for the index lies in the zone of 3630 to 3650. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 3800 to 3850 where the index has formed a top in the month of May-2017.

Broad range for the index is seen between 3450 to 3480 on downside & 3700 to 3730 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 31, 2017 – Aug 04, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 2.30%.

As we have mentioned last week, that resistance for the index lies in the zone of 3510 to 3530 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 3580 to 3600 where high for the month of June-2017 is lying. During the week the index manages to hit a high of 3624 and close the week around the levels of 3592.

Minor support for the index lies in the zone of 3530 to 3550. Support for the index lies in the zone of 3450 to 3470 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 3320 to 3350 where 200 daily moving averages are lying.

Minor resistance for the index lies in the zone of 3600 to 3620. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down in the month of May-2017. If the index manages to close above these levels then the index can move to the levels of 3800 to 3850 where the index has formed a top in the month of May-2017.

Broad range for the index is seen between 3450 to 3480 on downside & 3700 to 3730 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 24, 2017 – July 28, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on absolutely flat note.

As we have mentioned last week that support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying. During the week the index manages to hit a low of 3480 and close the week around the levels of 3511.

Support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3510 to 3530 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 3580 to 3600 where high for the month of June-2017 is lying.

Broad range for the index is seen between 3400 to 3430 on downside & 3630 to 3650 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 17, 2017 – July 21, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 4.10%.

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3360. Support for the index lies in the zone of 3300 to 3320 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3175 to 3200 where Fibonacci level and low for the month of March-2017 is lying. During the week the index manages to hit a low of 3183 and close the week around the levels of 3520.

Support for the index lies in the zone of 3450 to 3470 where Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3320 to 3350 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3510 to 3530 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 3580 to 3600 where high for the month of June-2017 is lying.

Broad range for the index is seen between 3300 to 3320 on downside & 3630 to 3650 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 10, 2017 – July 14, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 2.40%.

As we have mentioned last week that support for the index lies in the zone of 3300 to 3330 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3175 to 3200 where Fibonacci level and low for the month of March-2017 is lying. During the week the index manages to hit a low of 3279 and close the week around the levels of 3381.

Minor support for the index lies in the zone of 3350 to 3360. Support for the index lies in the zone of 3300 to 3320 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3175 to 3200 where Fibonacci level and low for the month of March-2017 is lying.

Minor resistance for the index lies in the zone of 3400 to 3420. Resistance for the index lies in the zone of 3450 to 3470 from where the index broke down from the lows of April – 2017 & May – 2017. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where short term moving averages are lying.

Broad range for the index is seen between 3250 to 3280 on downside & 3450 to 3480 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (July 03, 2017 – July 07, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 4.10%.

As we have mentioned last week that support for the index lies in the zone of 3400 to 3420 where the index has formed a bottom in the month of May-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3330 where 200 daily moving averages are lying. During the week the index manages to hit a low of 3254 and close the week around the levels of 3302.

Support for the index lies in the zone of 3300 to 3330 where 200 daily moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3175 to 3200 where Fibonacci level and low for the month of March-2017 is lying.

Minor resistance for the index lies in the zone of 3350 to 3380. Resistance for the index lies in the zone of 3450 to 3470 from where the index broke down from the lows of April – 2017 & May – 2017. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where short term moving averages are lying.

Broad range for the index is seen between 3200 to 3230 on downside & 3450 to 3480 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 27, 2017 – June 30, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.50%.

As we have mentioned last week that resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying. During the week the index manages to hit a high of 3534 and close the week around the levels of 3444.

Support for the index lies in the zone of 3400 to 3420 where the index has formed a bottom in the month of May-2017 is lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3330 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying.

Broad range for the index is seen between 3330 to 3350 on downside & 3580 to 3600 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 19, 2017 – June 23, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 1.60%.

As we have mentioned last week that support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying. During the week the index manages to hit a low of 3433 and close the week around the levels of 3463.

Support for the index lies in the zone of 3420 to 3450 where medium term moving averages are lying. If the index manages to close below these levels then the index can drift to the levels of 3300 to 3330 where 200 daily moving averages are lying.

Resistance for the index lies in the zone of 3490 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close above these levels then the index can move to the levels of 3580 to 3620 where short term moving averages are lying.

Broad range for the index is seen between 3330 to 3350 on downside & 3580 to 3600 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 12, 2017 – June 16, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.30%.

As we have mentioned last week that support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying. During the week the index manages to hit a low of 3486 and close the week around the levels of 3519.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 3570 to 3590. Resistance for the index lies in the zone of 3680 to 3700 from where the index broke down. If the index manages to close above these levels then the index can move to the levels of 3780 to 3820 from where the index sold off in the month of May-2017.

Broad range for the index is seen between 3380 to 3420 on downside & 3650 to 3680 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (June 05, 2017 – June 09, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.30%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3590 to 3620. Resistance for the index lies in the zone of 3780 to 3820 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3980 to 4000. During the week the index manages to hit a high of 3567 and close the week around the levels of 3527.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 3570 to 3590. Resistance for the index lies in the zone of 3650 to 3680. Resistance for the index lies in the zone of 3780 to 3820 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3980 to 4000.

Broad range for the index is seen between 3380 to 3420 on downside & 3650 to 3680 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 29, 2017 – June 02, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 6.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3700 to 3730. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. During the week the index manages to hit a low of 3449 and close the week around the levels of 3539.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3350 to 3380 where medium term moving averages are lying.

Minor resistance for the index lies in the zone of 3590 to 3620. Resistance for the index lies in the zone of 3780 to 3820 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3980 to 4000.

Broad range for the index is seen between 3380 to 3420 on downside & 3650 to 3680 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 22, 2017 – May 26, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.15%.

As we have mentioned last week that minor support for the index lies in the zone of 3680 to 3700. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. During the week the index manages to hit a low of 3715 and close the week around the levels of 3769.

Minor support for the index lies in the zone of 3700 to 3730. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying.

Resistance for the index lies in the zone of 3780 to 3820 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3980 to 4000.

Broad range for the index is seen between 3680 to 3700 on downside & 3850 to 3880 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 15, 2017 – May 19, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index 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 3620 to 3650. Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3370 to 3400 from where the index broke out and short term moving averages are lying. During the week the index manages to hit a low of 3691 and close the week around the levels of 3726.

Minor support for the index lies in the zone of 3680 to 3700. Support for the index lies in the zone of 3590 to 3620 where break out levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying.

Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 4000 to 4050.

Broad range for the index is seen between 3600 to 3630 on downside & 3800 to 3830 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 08, 2017 – May 12, 2017) :

NIFTY PSU BANK:

 

NIFTYMEDIA

 

 

Nifty PSU BANK index closed the week on positive note gaining around 2.50%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3680 to 3700. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 4000 to 4050. During the week the index manages to hit a high of 3921 and close the week around the levels of 3750.

Minor support for the index lies in the zone of 3620 to 3650. Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3370 to 3400 from where the index broke out and short term moving averages are lying.

Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 4000 to 4050.

Broad range for the index is seen between 3600 to 3630 on downside & 3900 to 3930 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (May 02, 2017 – May 05, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 5.40%.

As we have mentioned last week that support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3370 to 3400 from where the index broke out and short term moving averages are lying. During the week the index manages to hit a low of 3467 and close the week around the levels of 3659.

Minor support for the index lies in the zone of 3570 to 3600. Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3370 to 3400 from where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 3680 to 3700. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 4000 to 4050.

Broad range for the index is seen between 3550 to 3580 on downside & 3750 to 3800 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 24, 2017 – April 28, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 2.00%.

As we have mentioned last week that resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. During the week the index manages to hit a high of 3619 and close the week around the levels of 3473.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3370 to 3400 from where the index broke out and short term moving averages are lying.

Minor resistance for the index lies in the zone of 3500 to 3530. Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015.

Broad range for the index is seen between 3400 to 3430 on downside & 3580 to 3600 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 17, 2017 – April 21, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.80%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. During the week the index manages to hit a high of 3593 and close the week around the levels of 3546.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3420 from where the index broke out.

Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015.

Broad range for the index is seen between 3430 to 3460 on downside & 3630 to 3650 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 10, 2017 – April 13, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 1.20%.

As we have mentioned last week that support for the index lies in the zone of 3480 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3420 from where the index broke out. During the week the index manages to hit a low of 3469 and close the week around the levels of 3484.

Support for the index lies in the zone of 3470 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3420 from where the index broke out.

Minor resistance for the index lies in the zone of 3520 to 3550. Resistance for the index lies in the zone of 3600 to 3630 where short term top has been formed. If the index manages to close above these levels then the index can move to the levels of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015.

Broad range for the index is seen between 3400 to 3430 on downside & 3580 to 3600 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week  (April 03, 2017 – April 07, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 5.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying. During the week the index manages to hit a low of 3346 and close the week around the levels of 3527.

Support for the index lies in the zone of 3480 to 3510 from where the index broke out of double top pattern and Fibonacci level is lying. If the index manages to close below these levels then the index can drift to the levels of 3400 to 3420 from where the index broke out.

Minor resistance for the index lies in the zone of 3580 to 3620. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015.

Broad range for the index is seen between 3400 to 3430 on downside & 3620 to 3650 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 27, 2017 – March 31, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying. During the week the index manages to hit a low of 3232 and close the week around the levels of 3360.

Minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying.

Resistance for the index lies in the zone of 3400 to 3420 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3470 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3200 to 3230 on downside & 3430 to 3450 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 20, 2017 – March 24, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.60%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3290 to 3310. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying. During the week the index manages to hit a high of 3398 and close the week around the levels of 3327.

Minor support for the index lies in the zone of 3280 to 3300. Support for the index lies in the zone of 3180 to 3210 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3030 to 3050 where 200 Daily SMA and break out levels are lying.

Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3200 to 3230 on downside & 3430 to 3450 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 14, 2017 – March 17, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 1.50%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3250 to 3270. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying. During the week the index manages to hit a high of 3315 and close the week around the levels of 3273.

Minor support for the index lies in the zone of 3220 to 3240. Support for the index lies in the zone of 3170 to 3190 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3030 where 200 Daily SMA and break out levels are lying.

Minor resistance for the index lies in the zone of 3290 to 3310. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3100 to 3130 on downside & 3350 to 3380 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (March 06, 2017 – March 10, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 2.20%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern. During the week the index manages to hit a high of 3346 and close the week around the levels of 3224.

Support for the index lies in the zone of 3150 to 3170 where short & medium term moving averages and Fibonacci levels are lying. If the index manages to close below these levels then the index can drift to the levels of 3000 to 3030 where 200 Daily SMA and break out levels are lying.

Minor resistance for the index lies in the zone of 3250 to 3270. Resistance for the index lies in the zone of 3350 to 3380 from where the index broke down couple of times. If the index manages to close above these levels then the index can move to the levels of 3450 to 3480 where the index has formed a double top pattern and Fibonacci levels are lying.

Broad range for the index is seen between 3130 to 3150 on downside & 3300 to 3330 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 27, 2017 – March 03, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 0.70%.

As we have mentioned last week that minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern. During the week the index manages to hit a high of 3349 and close the week around the levels of 3298.

Support for the index lies in the zone of 3240 to 3260 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3150 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern.

Broad range for the index is seen between 3180 to 3200 on downside & 3380 to 3400 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 20, 2017 – February 24, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 4.00%.

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3243 and close the week around the levels of 3275.

Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3330 to 3350. Resistance for the index lies in the zone of 3430 to 3460 where Fibonacci levels are lying. If the index manages to close above these levels then the index can move to the levels of 3510 to 3530 where the index has formed a double top pattern.

Broad range for the index is seen between 3180 to 3200 on downside & 3380 to 3400 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 13, 2017 – February 17, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on negative note losing around 0.90%.

As we have mentioned last week that minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying. During the week the index manages to hit a low of 3350 and close the week around the levels of 3414.

Minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3470 to 3500 where weekly Fibonacci levels are lying. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3950 to 4000.

Broad range for the index is seen between 3300 to 3330 on downside to 3500 to 3530 on upside.

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

EquityPandit’s Outlook for NIFTY PSU BANK for the week (February 06, 2017 – February 10, 2017) :

NIFTY PSU BANK:

 

NIFTYPSUBA

 

Nifty PSU BANK index closed the week on positive note gaining around 6.50%.

Minor support for the index lies in the zone of 3350 to 3370. Support for the index lies in the zone of 3250 to 3300 from where the index broke out from Inverse H & S pattern. If the index manages to close below these levels then the index can drift to the levels of 3130 to 3170 where medium term moving averages and Fibonacci levels are lying.

Minor resistance for the index lies in the zone of 3470 to 3500 where weekly Fibonacci levels are lying. Resistance for the index lies in the zone of 3750 to 3800 from where the index sold off in the month of April-2015 & August-2015. If the index manages to close above these levels then the index can move to the levels of 3950 to 4000.

Broad range for the index is seen between 3250 to 3280 on downside to 3600 to 3630 on upside.