UPCOMING WEEKLY ANALYSIS -
Aug 16th - Aug 20th
NIFTY ANALYSIS UPCOMING WEEK -
NIFTY -
1) NIFTY weeks closing @ 16529 levels.
2) NIFTY has closed with a strong bullish as per technicals.
3) NIFTY will move to upper rooms above 16555 levels.
4) NIFTY until holds above 16161, will be bullish.
5) NIFTY has a strong resistance @ 16555 levels & above it will be able to test 16661 levels.
6) NIFTY on a closing basis above 16777 levels. It's will test logical levels of 17000 & 17171.
7) NIFTY downside may retrace 16255 levels anytime & bounce back upside.
8) NIFTY in two weeks has rallied on the upside from 15834 - 16543 levels.
9) NIFTY has rallied 4.5% on the upside.
10) NIFTY has surged upside, but sectoral wise correction is taking place.
11) NIFTY will be again stronger if BANK NIFTY moves upside.
12) On NIFTY My views are better, to trade according to price action movements & trends.
BANK NIFTY ANALYSIS UPCOMING WEEK -
BANK NIFTY -
1) BANK NIFTY weekly closing @ 36169 levels.
2) BANK NIFTY will be bullish above 36250 levels.
3) BANK NIFTY has made upper rooms for upside.
4) BANK NIFTY has a resistance @ 36317 levels.
5) BANK NIFTY got rejected @ 36317 levels.
6) BANK NIFTY closing above 36317 levels will be none stoppable bullish till 37000.
7) BANK NIFTY will make an upside move with the support of KOTAK BANK & AXIS BANK.
8) BANK NIFTY may even retrace anytime till 35888 levels & bounce back upside.
9) BANK NIFTY has made a rally from 34588 - 36317 levels.
10) BANK NIFTY has rallied a 5% rally on the upside in 10 trading sessions.
11) BANK NIFTY looks bullish as per technicals.
12) BANK NIFTY might even make fresh all-time highs in the upcoming weeks of September or August month last week.
USDINR UPCOMING WEEK ANALYSIS -
USDINR -
1) USDINR weeks closing @ 74.37 levels.
2) USDINR will be strong above 74.47 levels.
3) USDINR will be bearish below 74.24 levels.
4) A closing below 74.24 - 74.17 levels will have a good fall. A fall might take till 73.93 levels.
5) A closing above 75.47 will be a rise on the upside till 74.60 levels.
6) My views on USDINR, Start to buy on every dips @ lower levels with a smaller quantity.
- In the upcoming week, METAL SECTOR is on a breakout for upside. If sustains we may see a good rally on the upside.
- LUPIN & DR REDDY have corrected on the downside. If breaks last week lows then further downside will be seen.
This resembles PHARMA SECTOR corrections turns on.
- CEMENT STOCKS might see an up move if sustains.
- RELIANCE looks bullish technically.
- COLPAL has corrected a lot one spike on the upper side can be seen.
- KOTAK BANK & AXIS BANK can make a massive move in the coming days.
- PSU BANKS will have a good up moves in the coming days.
IN MY PERSONAL VIEW THE NEXT MULTI-BAGGER STOCK WILL BE "INFIBEAM AVENUES"
A Weekend Thought -
-REGARDS-
Kirthee Bane
