Monday 17 September 2018

Weekly Equity Report


Nifty Weekly View

Nifty after sharp gap up opening witnessed sustained buying interest throughout the trading session to extend its gains above psychological 11,500-mark on Friday ahead of Prime Minister's meeting with top government officials to review the current economic scenario.



Weekly Chart


Bank Nifty Weekly View


At a recent low of 26,555 Bank Nifty almost tested its critical support on the long-term charts whose value is placed at 26,530 levels. In case if this critical level is breached then bears can make a decent buck out of this breakdown as downsides shall get extended up to 25,590 levels which is like our worst case target for this index.

Weekly chart


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