Banknifty weekly forecast : 15200 is last support for month

Banknifty weekly technical tips for 7 to 11 sep 2015

Banknifty weekly technical tips for 7 to 11 sep 2015

Banknifty this week closed with huge loss. High volatility and sharp downside move reflect panic in market as well as shallow depth of market. This week banknifty spot hit high around 17353 while low was at 15933. 1400 points or almost 8% downside move from tops shows profit booking pressure by strong hands before major economic decision. On weekly chart banknifty is in absolute downtrend and trading in oversold area.

On downside 15200 is last support and if banknifty slips below it expect another major panic and wide selloff. On upside 16200 and 16600 are strong resistances for next week. If sustain above 16200 expect sharp upside move stronger than selloff for target 17650.

On monthly chart, 14900 and 11500 are 3 and 5 years average levels. RSI is at 50 so breakdown from here set medium to long term targets around 14900 and then 11500.

For 2-3 years view investors every panic downside is buying opportunity in blue-chip banks.

nifty weekly forecast : 7550 and 7130 are next supports

nifty weekly technical analysis for 7 to 11 sep 2015

nifty weekly technical analysis for 7 to 11 sep 2015

Nifty spot this week lost almost 5% and closed with heavy loss on fresh shorts as well as due to shallow depth of the market. This week be forth losing week for nifty and in these 4 weeks period nifty almost lost 1000 plus points from top. Technically nifty is oversold on weekly chart but as ahead fundamental change is due. Expect 7800 will remain a strong top resistance while bottom support are at 7550 and then 7130. If lack of buyers continue in market expect sharp and large sell off moves in nifty.

Next week closing will be crucial from medium to long term view. If weekly closing below 7660 then long term investors will dump all they have in hands.

For long term view, 7350 and 7000 are crucial levels on weekly closing basis. Below 7760 on weekly closing basis panic will continue in market. Expect stability as well as recovery in market above 7660 on weekly closing basis. In my view, long term investors must follow buy on decline strategy for nifty 50 stock for best returns.

stock tips 31 aug to 4 sep performance PNL-2835/-

week performance

stock tips weekly performance report

This week total one positional stock tips were

Given to subscribers out of which one hit stop loss

while zero minted profits

With 0% accuracy this week,

share tips this week profit was Rs. -2835/-

This week top performing call was

none

While this week top worst performing call was

HDIL 405 stock buy call 62 to 55 made loss -2835/-

On opening capital of 50k rupees this week return was -5.7%.

Option tips 31 aug to 4 sep performance PNL-15350

week performance

option tips weekly performance report

This week total four intraday + positional options tips were

Given to subscribers out of which three hit stop loss

while one minted profits

With 25% accuracy this week,

option tips this week profit was Rs. -15,350/-

This week top performing call was

PNB 130 call options 2 lots buy call 5.5 to 7.1 made profit+6400/-

While this week top worst performing call was

BANKNIFTY 17000 call options 2 lots buy call 390 to 200 made loss -9500/-

On opening capital of 50k rupees this week return was -30.7%.

currency tips 31 aug to 4 sep performance PNL+20,000/-

week performance

currency tips weekly performance report

This week total four intraday + positional rupee tips were

Given to subscribers out of which zero hit stop loss

while four minted profits

With 100% accuracy this week,

currency tips this week profit was Rs. +20,000/-

This week top performing call was

NSE JPY INR sep future 10 lots intraday buy call 55.2 to 55.8 profit+6000/-

While this week top worst performing call was

none

On opening capital of 60k rupees this week return was +33%.