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UPCOMING WEEKLY ANALYSIS -
June 14th - June 18th
NIFTY ANALYSIS UPCOMING WEEK -
NIFTY -
1) NIFTY closed @ 15800 levels.
2) NIFTY has closed in a day chart, like a long-legged Doji. It resembles above day candle high bullish & below day low will be short term bearish.
3) NIFTY will be bullish above June 11th high 15835.
4) NIFTY has an upper level till 15928 / 15978 / 16000 & 16130.
5) NIFTY short term bearishness can be seen below 15740 levels.
6) NIFTY downside levels will be 15650 / 15600 & 15565.
7) 15555 level will act as strong support.
8) Next week selected sectors might rally on the upside.
9) METAL & PHARMA sectors looking strong bullish.
10) AUTO SECTOR looking for some corrections.
11) FMCG SECTOR is @ breakout on selected stocks.
12) NIFTY June month top level might be made within 14th - 16th June.
13) NIFTY might see a small pain downside after 16th June.
14) In the upcoming week there is a USA monetary policy announcements.
15) NIFTY reactions to waiting for the upcoming global announcement.
BANK NIFTY ANALYSIS UPCOMING WEEK -
BANK NIFTY -
1) BANK NIFTY closed @ 35055 levels.
2) BANK NIFTY will be bullish only above 35350 levels.
3) BANK NIFTY upper levels are 35555 / 35800 / 36000 / 36360 & 37070.
4) BANK NIFTY bearish will be below 34641 levels.
5) BANK NIFTY downside levels will be 34287 / 34000 / 33500 & 33100.
6) 34287 acts as strong support, below will test 33500 on the downside.
7) HDFC TWINS & AXIS BANK are still taking support on certain levels.
8) BAJAJ TWINS made a good play, but couldn't pull BANK NIFTY upside. In the upcoming week, INDUSIND BANK is on the breakout.
9) KOTAK BANK is still taking support it's on the make or break stage.
10) PSU BANKS have taken a small down move with a huge rally.
11) BANK NIFTY might consolidate & move on a single side with NIFTY reaction or BANK NIFTY might drag NIFTY on the downside.
12) Trade BANK NIFTY as per levels with your risk appetite & stop loss.
USDINR UPCOMING WEEK ANALYSIS -
USDINR -
1) USDINR closed @ 73.20 levels.
2) USDINR closed nearly to last weeks closing levels.
3) Last week USDINR didn't have much movement.
4) USDINR is on-trend deciding for a single side move.
5) USDINR will be bullish above 73.25 levels.
6) USDINR above levels are 73.37 / 73.46 / 73.73 / 74.
7) USDINR will be bearish only below 72.90 levels. But June month accumulation zone is between 72.80 - 72.85 levels.
8) USDINR downside levels will be 72.72 / 72.62 / 72.50 / 72.27 / 72.
9) USDINR technically looks like a spike on the upside move. But trade on levels & with your own stoploss risk.
Weekend Thoughts -
