UPCOMING WEEKLY ANALYSIS -
Oct 25th - Oct 29th
NIFTY ANALYSIS UPCOMING WEEK -
NIFTY -
1) NIFTY weeks closing 18114 levels.
2) NIFTY has closed with lower lows in the last week.
3) NIFTY took Resistance @ 18600 levels, Bulls could not sustain @ all-time highs.
4) NIFTY looks bullish only above 18222 levels.
5) NIFTY below 18040 will be bearish for the long term.
6) we may see a downside level till 17626 & 17525.
7) NIFTY has strong support @ 17500 & 17600 & 17000 levels also.
8) NIFTY may consolidate & bounce on the upside also for the pre-Diwali rally. But Nifty has never broken a week low past 12 weeks.
Once the week's low breaks, there will be a lot of loss of momentum on the upside.
9) NIFTY above levels are 18600 & 18888.
10) NIFTY closing above 18200 will ride towards 18600 or 18888 for next week.
11) NIFTY, 18040 closing below will lead to more downside.
12) In the upcoming week we have weekly & monthly expiry.
Interesting week ahead.
BANK NIFTY ANALYSIS UPCOMING WEEK -
BANK NIFTY -
1) BANK NIFTY weekly closing @ 40323 levels.
2) BANK NIFTY will have a breakdown below 40140 levels,
3) BANK NIFTY gap up opening will be none sustainable in the upcoming week.
4) BANK NIFTY upper trend will be decided a closing above 40600 levels.
5) BANK NIFTY is having heavyweight banking results ahead, but before the results, the rally has made on the upside.
So no surprise or good results of the banks will make the bank nifty wilder moves on the upside.
6) BANK NIFTY closing above 40600 will have the potential to move till 41000 & 41200 levels.
7) BANK NIFTY upside rally will get spoiled due to Nifty.
8) NIFTY Is spoiling bank nifty party.
9) BANK NIFTY below 40140 levels can lead to downside till 39200 levels.
10) BANK NIFTY 39000 has strong support, below this level can move further downside till 38500 levels.
11) BANK NIFTY will be in the oversold zone if downside levels are tested to 37000 levels.
12) BANK NIFTY will have a big surprise moves in the last two days of expiry.
13) As suggested earlier BANK NIFTY 07th September top 36685 levels matter a lot for September month. The trending upside was decided which rallied till 40500 levels.
14) Bank Nifty Bulls will get trapped in the upcoming days.
15) BANK NIFTY, my personal views
40140 ke uppar, Hum Uppar Aur
40140 ke Neeche, Hum Neeche.
16) The weakness we are only below 40140 levels.
USDINR NOV CHART UPCOMING WEEK ANALYSIS -
USDINR -
1) USDINR weeks closing @ 74.89 levels.
2) USDINR has closed @ lower levels, the previous week.
3) USDINR will have a big upside move only above 75 levels
4) USDINR a closing above 74.50 will lead towards 74.20 & 74 levels
5) USDINR will have a bigger downside moves only below 74 levels.
6) USDINR can have a downside to 73.73 & 73.40 levels.
7) USDINR below 74.50 will be in short term bearish mode till 74 & 73.73 levels.
8) USDINR will have massive surprise upside moves in the upcoming days.
9) USINR, my personal views
75 ke uppar, Hum Uppar Aur
75 ke Neeche, Hum Neeche.
Weekend Thoughts -
-REGARDS-
Kirthee Bane
