NIFTY & BANKNIFTY Weekly Plan 07 DEC
NIFTY & BANKNIFTY have continued the march higher with a strong friday close.
NIFTY: Strong weekly close with an expanding range makes it a possibility to move higher further.
Key weekly Ref is 13210F. Hold abv that will continue to stay bullish for 13385F.
Downside tgts are 13110/13035
BANKNIFTY:
Contracting range, indicates a first signs of weakness , fuelled by HDFC BANK.
Key reference is 29870F areas. Bullish for hold abv for 30550
Bearish below for a test of 29560/ 29360 / 29000
NIFTY: Strong weekly close with an expanding range makes it a possibility to move higher further.
Key weekly Ref is 13210F. Hold abv that will continue to stay bullish for 13385F.
Downside tgts are 13110/13035
BANKNIFTY:
Contracting range, indicates a first signs of weakness , fuelled by HDFC BANK.
Key reference is 29870F areas. Bullish for hold abv for 30550
Bearish below for a test of 29560/ 29360 / 29000
