Upcoming Week Analysis 28th Aug to 1st Sept !!
Nifty is Bearish and has broken the important level of 19300, but Banknifty if still holding its important support of 44160 and has closed above this. Monday and Tuesday markets of closing will decide the Direction, Coming week is expected to be VOLATILE.
U.S banking sector is in pressure which is creating a negative impact on the global markets.
If Banknifty anyhow breaks & closes below 44160 on Daily chart then we can expect a free fall till 43600 & 42500 Positionally in Banknifty and A fall till 19000 & 18880 targets in Nifty.
MONDAY INTRADAY LEVELS :
Enter in Calls if 19320 is broken with a confirmation candle for the target of 19410
Puts entry will be below 19250 for the targets of 19200 & 19160
In banknifty can enter in calls if 44300 is broken with a confirmation candle for the targets of 44450 to 44500 zone
and puts will be below 44050 for the targets of 43850 & 43700
If faces resistance at 44300 then can play for reversal with trailing Stoploss.
- RUTUJA SHINDE, PUNE
(The above information is for educational purpose only)
