UPCOMING WEEKLY ANALYSIS -
Sep 06th - Sep 10th
NIFTY ANALYSIS UPCOMING WEEK -
NIFTY -
1) NIFTY weeks closing @ 17323 levels.
2) NIFTY had 1500 points above the rally on the upside in past one month.
3) NIFTY took support @ 15800 levels & gave a blasting rally.
4) NIFTY looks still strongly bullish only above 17349
5) NIFTY below 17349 will be bearish for the short term & might be even for the long term correction also.
6) Below 17349 we may see a downside level till 17000 & 16661 also.
7) NIFTY has strong support @ 17000 & 16661 levels. if these levels are broken on a closing basis. Then the rally of downside starts soon.
8) NIFTY will be bullish above 17349 for the short term.
9) NIFTY above 17349 times levels, we will see retesting upper levels till 17500 & 17777 levels.
10) NIFTY closing above 17777 will ride towards 18000 at a logical level. This might not be possible for now, but in markets, anything can happen.
11) NIFTY, wait for the top to make on 6th & 7th September. Then one can short the markets with the top as a stop loss.
12) In the upcoming week we may see a trend deciding top for the beginning of corrections.
13) NIFTY, According to my analysis I am short after a top made on 6th September.
BANK NIFTY ANALYSIS UPCOMING WEEK -
BANK NIFTY -
1) BANK NIFTY weekly closing @ 36761 levels.
2) BANK NIFTY had a strong closing on weekly basis.
3) BANK NIFTY will be bullish above 37137 levels.
4) BANK NIFTY upper trend will be decided a closing above 37200 levels.
5) BANK NIFTY upside moves will be till 38000 levels.
6) BANK NIFTY closing above 37200 will have the potential to move till 37555 & 37777 levels.
7) BANK NIFTY a closing above 36777 will be a strong bullish sign for upper moves till 38000 & 38500 levels for fresh all-time highs.
8) BANK NIFTY will be bearish below 36480 levels.
9) BANK NIFTY below 36480 levels can lead to downside till 35222 levels.
10) BANK NIFTY 35800 has strong support, below this level can move further downside till 35555 levels.
11) BANK NIFTY will be in the oversold zone if downside levels are tested.
12) BANK NIFTY will have a big surprise after 7th September.
13) BANK NIFTY 03rd September top 37140 levels matters a lot in upcoming months.
14) We will see huge moves in the upcoming week.
15) BANK NIFTY will have surprise moves in the upcoming days & if the top will be made on 6th or 7th September, then we may see a good slippage on the downside. If the top sustains, then there will be big counts moves seen in upcoming days.
USDINR UPCOMING WEEK ANALYSIS -
USDINR -
1) USDINR weeks closing @ 73.17 levels.
2) USDINR bigger upside moves will be seen only above 73.37 levels.
3) USDINR will move upside till 73.55 & 73.65 levels.
4) USDINR a closing above 73.73 will lead towards 73.80 & 74 levels
5) USDINR will have a bigger downside moves only below 73.09 levels.
6) USDINR can have a downside to 72.90 levels.
7) USDINR closing above 72.90 levels can lead to deep downside till 7.72 & 72.60 levels.
8) USDINR will have massive surprise moves in the upcoming days.
My views -
1) Metal sector might even get heated for the short term & even get melted for the long term.
2) PHARMA SECTOR - A selected stock will have a bounce-back rally on the upside, usually, the sector has corrected a lot.
3) FMCG SECTOR - A selected stock will give an upmove.
4) FINANCIAL SECTOR - Are looking bullish, but can turn out any time downside.
5) AUTO SECTOR - A selective stock will have an upper-end rally in September month.
My Personal views -
It's a very confusing moment to carry positional trades in September.
Beware while carrying a trade, intraday has no problem because your risk will be managed day to day.
Myself on short for Tcs & Infy.
Short for Tata Steel.
Short for long term on ADANI PORTS.
Myself Longs on Pharma & Hospitality stocks only.
I have a strong conviction for long views on sugar industry stocks.
A Weekend Thought -
-REGARDS-
Kirthee Bane
