UPCOMING WEEKLY ANALYSIS -
Aug 30th - Sep 03rd
NIFTY ANALYSIS UPCOMING WEEK -
NIFTY -
1) NIFTY weeks closing @ 16702 levels.
2) NIFTY had 350 points above the upside rally this week.
3) NIFTY took support @ 16370 levels.
4) NIFTY looks still strongly bullish.
5) NIFTY below 16555 will be bearish for the short term.
6) Below 16555 we may see a downside level till 16500 & 16377
7) NIFTY has strong support @ 16061 & 16161 levels.
8) NIFTY will be bullish above 16777 for the short term.
9) NIFTY above 16777 levels, we will see retesting upper levels till 16824 & 16919.
10) NIFTY closing above 16777 will ride towards 17000 at a logical level.
11) NIFTY has a Non-trading zone between 16666 - 16555 levels.
12) In the upcoming week we may see a strong short-covering rally in NIFTY, As per global markets.
13) NIFTY has a bullish view according to my analysis in the upcoming week with 17070 as an upper retest level.
BANK NIFTY ANALYSIS UPCOMING WEEK -
BANK NIFTY -
1) BANK NIFTY weekly closing @ 35606 levels.
2) BANK NIFTY had a week closing compared to NIFTY.
3) BANK NIFTY has a trending @ 35555 levels.
4) BANK NIFTY upper trend will be decided above 35555 levels.
5) BANK NIFTY upside moves will be till 35910 levels.
6) BANK NIFTY closing above 35910 will have the potential to move till 35200 & 36363 levels.
7) BANK NIFTY a closing above 36317 will be a strong bullish sign for upper moves till 37000 & 37777 levels for fresh all-time highs.
8) BANK NIFTY will be bearish below 35555 levels.
9) BANK NIFTY below 34900 levels can lead to downside till 35222 levels.
10) BANK NIFTY 34800 has strong support, below this level can move further downside till 34444 levels.
11) BANK NIFTY will be in the oversold zone if downside levels are tested.
12) BANK NIFTY will have a consolidation breakout in the upcoming week.
13) BANK NIFTY will have a strong short-covering move on the upside.
14) We will see a huge one side move in the upcoming week.
15) BANK NIFTY will have a surprise moves in the upcoming days.
USDINR UPCOMING WEEK ANALYSIS -
USDINR -
1) USDINR weeks closing @ 73.86 levels.
2) USDINR bigger upside moves will be seen only above 73.73 levels.
3) USDINR will move upside till 73.85 & 74 levels.
4) USDINR a closing above 73.73 will lead towards 73.56 & 73.45 levels
5) USDINR will have a bigger downside moves only below 73.45 levels.
6) USDINR can have a downside to 73.10 levels.
7) USDINR closing above 74 levels can lead to deep downside till 74.22 & 74.40 levels.
8) USDINR will have massive downside moves in the upcoming days.
NIFTY METAL ANALYSIS -
1) NIFTY METAL had a closing @ 5306 levels.
2) NIFTY METALS will be bearish below 5300 levels, for downside moves till 5145 & 4860 levels.
3) NIFTY METALS will be bullish above 5500 levels.
4) NIFTY METAL above 5500 levels can make metal stocks bullish.
NIFTY MIDCAP 50 ANALYSIS -
1) NIFTY MIDCAP is trading in a range past 1 month.
2) Above 7828 will be a bullish breakout.
3) Below 7117 will be a bearish breakdown.
4) According to my analysis Midcaps may give a breakout in the upcoming days.
NIFTY PHARMA ANALYSIS -
1) NIFTY PHARMA has closed @ 13711 levels.
2) NIFTY PHARMA stocks have heavy corrected above 30% on the downside.
3) NIFTY PHARMA has a strong @ 13333 & 13500 levels.
4) A strong accumulation zone will be @ 11777 & 11111 levels.
5) The pharma stocks had sudden corrections in Dr reddy / Lupin & Auropharma.
6) Selected pharma stocks are good to buy for the long term technically.
NIFTY PSU BANK ANALYSIS -
1) PSU BANK will be bullish above 2342 levels.
2) It will rally on the upper side till 2400 & 2535 levels.
3) Above 2535 levels will have a climber till 2580 & 2662 levels.
4) Bearishness will be seen below 2202 levels.
5) Below downside 1909 & 1737 levels
A Weekend Thought -
-REGARDS-
Kirthee Bane
