Nifty Weekly View
Nifty, which broke out from a symmetrical triangle pattern two weeks ago, continued to build on the current up move. Projections indicate that the Nifty is on its way towards its potential near-term target of 11,400-11,450 levels. While support levels continue to get upgraded, short-term support is seen around 11,000 levels.
Weekly Chart
Bank Nifty Weekly View
Bank
Nifty, on the other hand, has begun participating in the current up move and
the next leg of rally in the market is likely to be led by the banking space.
The index has already closed above the 27,400 levels confirming a fresh
breakout.
Weekly chart
Missed call
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