Expected Nifty, Sensex may be headed Upper for the next Week
BSE Index (25863.50) :- It is improving from bottom of 24833.54. It shows towards oversold position on daily basis, towards neutral on week basis and towards oversold position on monthly basis. On upward movement, beyond 25960 it may go up to 26065 with resisting level at 26165 and then after to 26270, 26339 and 26472. On downward movement, below 25386 shows week position. All eyes on Bank Policy on Tuesday.
Nifty Future (7870.35) :- It shows rebounding effect from bottom of 7560.10. It shows towards
oversold position on daily basis, towards neutral on week basis and towards oversold position on
monthly basis. On upward movement, beyond 7905 it may go up to 7935, 7965, 8012, 8059,
8125. On downward movement, below 7805 it may go down to 7775, 7745 with last support at
7713.
Bank Nifty (17193.40) :- From bottom of 15793.05, it shows rebounding effect. It shows towards oversold position on daily basis, towards neutral on week basis and towards oversold position on monthly basis. On upward movement, beyond 17325 it may go up to 17415, 17530 with last resisting level at 17643. On downward movement, below 16950 it may go down to 16870 and 16750. All eyes on bank policy on Tuesday.
BSE Index (25863.50) :- It is improving from bottom of 24833.54. It shows towards oversold position on daily basis, towards neutral on week basis and towards oversold position on monthly basis. On upward movement, beyond 25960 it may go up to 26065 with resisting level at 26165 and then after to 26270, 26339 and 26472. On downward movement, below 25386 shows week position. All eyes on Bank Policy on Tuesday.
Nifty Future (7870.35) :- It shows rebounding effect from bottom of 7560.10. It shows towards
oversold position on daily basis, towards neutral on week basis and towards oversold position on
monthly basis. On upward movement, beyond 7905 it may go up to 7935, 7965, 8012, 8059,
8125. On downward movement, below 7805 it may go down to 7775, 7745 with last support at
7713. Bank Nifty (17193.40) :- From bottom of 15793.05, it shows rebounding effect. It shows towards oversold position on daily basis, towards neutral on week basis and towards oversold position on monthly basis. On upward movement, beyond 17325 it may go up to 17415, 17530 with last resisting level at 17643. On downward movement, below 16950 it may go down to 16870 and 16750. All eyes on bank policy on Tuesday.
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